of allegations of pedophilia can have more people reports twenty two year old joe davis is outspoken in his activism against sexual violence that's what makes his recent arrest so disturbing joe davis has been arrested and it's alleged that he attempted to engage a minor in sexual activity and he's been distributing child pornography now beyond the basic charges the actual details of the case are pretty disturbing the f.b.i. picked up davis in a sting operation now they've revealed some of the text messages he exchanged with undercover agents what's about to follow is rather disturbing but it's actually not the most disturbing part of the correspondence during the course of that text conversations davis stated that he is into children aged zero plus and has no limits davis told them because of all. says that he previously had sexual experiences with a nine month old boy a six year old go and the seven year old boy now according to the f.b.i. davis actually asked the undercover agents to send him explicit videos and photographs of children the department of justice says they are appal

joining us from pennsylvania is vanguard group global chief economist joe davis. c, then u.s. treasury today. stocks looked like they were going to rise, bonds not doing too much. larry kudlow said trump was not retreating on trade, a rally ignited. why? joe: thank you for having me. we went into a year saying the fed was going to continue to march on a gradual tightening pace. we were hard-pressed to see 10 year treasuries breaching 3%. we were above that for some time, but it is reminder there is global forces at play. there is considerable risk and high valuation in parts of the market, equities. we will retrace. we still live in a world where between 2.5% and 3% on the 10 year is a fair value. kathleen: let's look at a bloomberg charge. we have the 10 year yield showing the rally. over the last few weeks, another gtv chart now, i will give you from the library. it is the spread between two's and tens. it has gotten so flat. is this something the federal reserve and investors can shrug off, or is it sending some kind of a warning signal about where the world is

not wond davis has anything on this. joe: i am sure you sought in the last couple of hours.ch that boris johnson , conservatives complaining about the brexit process. anxiety that may be going off the rails if they are not going to get a real brexit. a hard-core brexiteers have reason to be nervous? >> the agenda that has been hijacked by the soft brexiteers, theresa may, ali robinson, they are accused of trying to seven sabotage brexit. theresa may has relatively tempered her position as the reality of what a hard brexit means. moreteers who wish for a singular break from the eu argue this is because they haven't been able to do the brexit in the way they wanted. the narrative has already begun. the things boris johnson was saying. but he couldn't believe it was beyond believe the issue ireland and northern ireland had become such an obstacle is insincere. i reckon this will be a narrative we would hear from many years to come. the idea it is not a success because they were unable to get their version of brexit. joe: one of the other big developments this week has been the

joe. in the meantime, we are getting some pictures of davis in parliament, on the back of the avertingisterkers in her party. she seems to have dodged a threat of a major political crisis. ,ow the focus is compliance which is why we are following this very closely. we heard from gina miller that are could be a another revolt brewing. not could be, though confirmation, spearheaded by davis. some conservative lawmakers have been pushing for an amendment that would have given parliament unprecedented power over the premiers brexit strategy. down after may personally promised a compromise. what is unclear is exactly what she has offered them. bloomberg surveillance continues in the next hour, we will continue watching what happens in parliament as the brexit story got a lot more interest. the rbs chairman howard davies. we talked to him about central-bank policy and banks. we don't know if consolidation is in the cards, but he will have something to say. in the meantime, emerging markets and investors coming to terms with the prospect of faster than expected u.s. interest rate hikes. disappoint

davis was a far better politician than alexander stevens. he never mentioned slavery as a reason for secession. some good qouotes early in this period that i'm looking at, alexander stevens is the joe biden, can i say that, of the administration. he would say anything. as i said in his speech to the virginia secession commission, convention,, it's about white supremacy. that is why we left. and our constitution is built on that. jefferson davis was playing it a little more carefully and he was quite surprised, think he was rather surprised when england did not come in on the side of the confederacy. and part of that was the slavery issue. england would abolish slavery in the 30's, i think it, throughout the empire. if it was about slavery, they were not going to get involved. >> also, there was an incredible giving up of slaves that the french and the british did. lost an incredible amount of money. dr. pitcaithley: earlier. >> earlier and during the civil war. longer cotton -- was no being sent to britain and made for the cotton mills. so, what happened in britain was that incredible numbers of slavery,shed against despite the fact that they were now out of work. so, there was, in