state bank advising corbin's shadow chancellor john mcdonald is a former un an e.u. official who worked with the i.n.d. government in chile before it was overthrown a pioneer of economic research whose latest book is co edited with nobel laureate joe stiglitz professor stephanie griffin jones financial markets program director at columbia university joins me now after the launch of an initiative with mcdonnell in the past few days stephanie welcome to going. the ground i understand you've been hanging out with the shadow chancellor of the exchequer what does he think of your research and work on the social development banks first of all i'm delighted to be here. john mcdonald has been very interested in the research of this book because he's thinking of creating an ambitious national investment bank and he wants to learn from the international experience the big advantage actually to be a late comer because the british can learn from the good and bad lessons mainly the good lessons from the international experience countries like germany the most successful country i

john mcdonald has been very interested in the research of this book because he's thinking of creating an ambitious national investment bank and he wants to learn from the international experience to big advantage actually to be a late comer because the british can learn from the good and bad lessons mainly the good lessons from the international experience countries like germany the most successful country in europe has got this massive national development bank a w. france china south korea canada most developed countries have there are many middle income countries have them and the u.k. is very much an outlier it's a sort of known. among for example the g seven european countries so it's really the only one that doesn't have a proper national development bank and so i think labor. this proposal is is is straight in the mainstream in that sense is is is perfectly correct because if you have an ambitious program of structural transformation to green the economy to make it more inclusive to to develop the poor areas of this country you need instruments to do that and the national inves

what about the response of labour, it was interesting to see john mcdonald who was talking tough aboute slightly u nfortu nate are one of those slightly unfortunate phrases and i am not sure what it is. does it mean one that discourages anyone else from leaving? he think he cares if they leave, i am leaving? he think he cares if they leave, iam not leaving? he think he cares if they leave, i am not so sure, one of the things if you look at the choice of language and in fairness this is a cabinet that tends to be used far left of politics and it is that statement that we will listen. it falls short of we will do something about what you are complaining about and on the anti—semitism point, i think the leadership's line has wandered, and think this is something very unfortunate which seems to have landed on us but conservatives have their problems with islam a phobia tale or this is something we need to deal with it. and saying why you are listening, saying something must be done is different than saying we are going to do something. and that is... baron corbin has said that these people

it might adjust some french voters but we need to take a step forward as a labour party, as john mcdonaldo left and try to prevent it from happening again. what would be an effective way of the party indicating it is listening? a blood we need to follow through on the conference policy, we have tried the options of calling for a general election, the blow having a compromise including a customs union, so pushing for a people's vote feels like the only other option. you were all nodding at that point, is that where you are?” you were all nodding at that point, is that where you are? i find it difficult to comment, the current proposals byjeremy corbyn are not what we voted for in 2017, ultimately a people's vote feels like the best option moving forward. if you want to vote on the final deal it implies the public would have to read a 600 page withdrawal agreement. the referendum we had was agreement. the referendum we had was a binary choice of in or out, we decided the earth and we played parliament to work out of the hell, they are full time employed to do that and i do not think it is r

whenjohn mcdonald when john mcdonald talks whenjohn mcdonald talks about a massive listening exercisemps who left labour would say that they have been trying to get jeremy corbyn to listen to them for quite a while. that is a good question and for the moment there is no answer. i think what it tells us is that there is a desire in the leadership to try and forestall the prospect of others jumping overboard by just forestall the prospect of others jumping overboard byjust tried to turn down the rhetoric, become —— ta ke turn down the rhetoric, become —— take a more emollient and conciliatory tone, say they understand, they have concerns, worries that we are prepared to address them. mr mcdonald this morning saying we will listen to issues around the leadership, we will it listen to issues around anti—semitism, around specific policies, and the hope i think is that it will forestall the danger that it will forestall the danger that other mps, and we know there are other labour mps who share the concerns of the seven notjust of a brexit bottle for changes to the nature of the labour part

different policy, does not stand up for traditional mainstream british values as we saw today with john mcdonald'ssituation and people in leadership need to think very carefully about the direction it is going. a reminder that labour policy, thrashed out at the conference among all those divisions, was to try and false a general election which clearly is very difficult to do and has not happened, to try to get a compromise, try to persuade theresa may that the way through is to get a brexit deal which involves a customs union, that has not happened either. then the policy to pursue another referendum. it is that bit which is causing so much anxiety and upset within the party, because there are many who feel that jeremy within the party, because there are many who feel thatjeremy corbyn personally does not want to do that, does not want to seem to be blocking brexit but the problem is, a huge number of the labour party membership were on the remain side of the argument, so he has to try to reflect that. this is what one frontbencher, who previously resigned over the issue of europe, said about it t

mcdonald and for john yardley and walter burke. it was sort of a country wide company. i used to have the feeling that people they did their work, they had layers and layers of briefers and this and that and the other things. it was also a feeling -- we built the x 15 and we did this and did that. we know everything about it. >> do you think they felt like they knew more? >> that's right. >> do you think that played a role in that feeling of what would later happen with apollo 1? >> i'm not sure. i flew the apollo simulator and i pulled the hand controller back in the nose went down. i reversed and the nose went up. i said to the engineer you have the hand controller reversed. he said that's the way were going to use it. it makes docking easier. when you pull back on the stick your nose goes down but the target goes up. that is the way we are going to do it. i said look that may be the way you're going to do it. sitting here on your as an engineer. that's not the way we are going to do it. i called back and i got a change right there. these were things you could do. i'v

. >> next up, the big and bullish call on mcdonald's see why this analyst is so sure the stock is about to soar >>> plus, john's two latest picks in unusual options activity just jumped big time. >>> before the break, our data partners at kensho on what happens after walmart picks up 14% or more in two months. the s&p picks up almost 1% the halftime report is back in two minutes. xpedia, i saved when i added a hotel to our flight. so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings when you add select hotels to your existing trip. only with expedia. on car insurance? did the little piggy cry wee wee wee all the way home? weeeeeeeee! we we weeeee! weeeeeeee! weeeeeeee! weeeeeeee! max. maxwell! yeah? you're home. oh, cool. thanks mrs. a. geico. fifteen minutes could save you fifteen percent or more. with who we are as people and making everybody feel welcome. ordering custom ink t-shirts has been a really smart decision for our business. i love the custom ink design lab because it's really easy to use. they have customer service that you can reach anytime. t-shirts help us

mcdonald. and this is a live look from fox two in detroit at the visitation going on for former democratic congressman john dingell, the longest serving member of congress in history died last week at the age of 92. a funeral mass will be held tomorrow morning in dearborn. that's tonight's live look outside the beltway. "special report" will be right back. moderate to severe plaque psoriasis. like how humira has been prescribed to over 300,000 patients. and how many patients saw clear or almost clear skin in just 4 months - the kind of clearance that can last. humira targets and blocks a specific source of inflammation that contributes to symptoms. numbers are great. and seeing clearer skin is pretty awesome, too. that's what i call a body of proof. humira can lower your ability to fight infections. serious and sometimes fatal infections, including tuberculosis, and cancers, including lymphoma, have happened, as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. tell your doctor if you've been to areas where certain fungal infections are common a

mcdonald's mini meal for just 3.99. (pleasant whistling tones) >>> it is 5:13 am. welcome back. >>> in your health watch, a study by researchers at johns hopkins university said that drugmakers failed to adequately monitor prescriptions up no. they found evidence that nearly half of the patients taking the dangerous medication should never have been prescribed the on. >> type ii diabetes patients can reduce our risk by eating more nuts and especially tree nuts according to the new study at the harvard university. they found by adding five servings of nuts per week people with type ii diabetes had a lower risk of heart disease complications and premature heart -related death. >>> the study in california finds older women that sit or lay down for long period of time during the day trader risk of heart disease and stroke. reducing the sedentary time by one hour day will help reduce the risk of heart disease by 26%. >>> the future of meat production may be in the lab in san francisco and the food startup, just" headquarters growing and most bells and launching just eggs and restaurants and grocery stores across the country. >> the reality

john boehner. and i would also like to add he was a lifelong michigan fan. go blue! >>> when we come back, i'm joined by former governor bob mcdonaldo talk about the shambles that is virginia politics and the hunger for leadership. audible members know listening has the power to change us make us better parents, better leaders, better people. and there's no better place to listen than audible. with audible you get a credit good for any audiobook and exclusive fitness and wellness programs. and now, you'll also get two audible originals: titles exclusively produced for audible. automatically roll your credits over to the next month if you don't use them, and if you don't like a book just swap it for free. enjoy 100% ad free listening in the car, on your phone or any connected device. and when you switch a device pick up right where you left off. with our commitment free guarantee, there's never been a better time to start listening to audible. the most inspiring minds, the most compelling stories, the best place to listen. to start your free 30-day trial, text listen5 to 500500 today. ♪ >>> on the very first day of 2019, governor ra

mcdonald's mini meal for just 3.99. (pleasant whistling tones) ( cheers and applause ) >> stephen: that's it for "the late show," everybody. tune in next week for bradley cooper, regina king, and john. do you want to go to the land of make-believe? >> jon: i'd love to. let's go. ♪ oh, i'm so glad you're here, jon ♪ i'm so happy when you're on which of course is every night ♪ right to my left i'm on your right ♪ captioned by media access group at wgbh access.wgbh.org ♪ ♪ ( cheers and applause ) ♪ are you ready y'all to have some fun ♪ feel the love tonight don't you worry ♪ where it is you come from it'll be all right ♪ it's the late late show >> reggie: ladies and gentlemen, all the way from an ancient aquifer, give it up for your host: the one. t

mcdonald's mini meal for just 3.99. (pleasant whistling tones) >>> flags are flying at half staff in michigan where thousands are expected to gather to pay their final respects to the late congressman, johngell. he passed away thursday. he was 92. tributes have come from all across the political spectrum. president obama said he led the charge for so much of the progress we take for granted today. former president george w. bush said he was a fine gentleman who showed graut respect for our country and our people. he passed many pieces of landmark legislation. john dickerson has the story. >> i see a waste of time, a waste of money and the behavior of a bunch of people who look small -- >> reporter: on the floor, john dinge lr dingell was known for his temper quick whit. >> presidents come and presidents go and john dingell goes on forever. >> reporter: he took over the seat held by his father, john dingell sr and helped lead the fight for civil rights. on face the nation he told bob schiffer his vote for the civil rights bill was one of his proudest moments. >> do you think you could pass the 1964 civil rights bill today? >> i said before i am not sure we could pass the 10 commandments i

mcdonald's opened and coca-cola was first sold in cans in addition to bottles. gas cost $.23 a gallon, and you could buy a car from the motor city from only $1900. john dingell took office in 1955 during president eisenhower's , administration. he served alongside 11 presidents and is not only the longest serving member of the house now, he's the longest-serving member ever. he announced in february that he will retire at the end of his 29th full term. when he was only 29 years old, he succeeded his father in the congressional district. his district is the heart of the big three in auto country. he's hoping that the dingell dynasty continues with his wife lobbyist former gm being elected in november to succeed him. he was ranking democrat until he was ousted in 2008. he is known for his quick temper and questioning of witnesses that people magazine called intimidating. he earned a nickname, "the truck," for his stature and style wielding the chairman's gavel. the committee has wide ranging jurisdiction. he has authored laws on clean air, endangered species, and health insurance, including shepherding through the affordable care act. in spite of passi

john boehner. and i would also like to add he was a lifelong michigan fan. go blue! >>> when we come back, i'm joined by former governor bob mcdonald to talk about the shambles that is virginia politics and the hunger for leadership. ip and after work. he does it all with dr. scholl's. only dr. scholl's has massaging gel insoles that provide all-day comfort. to keep him feeling more energized. dr. scholl's. born to move. -morning. -morning. -what do we got? -keep an eye on that branch. might get windy. have a good shift. fire pit. last use -- 0600. i'd stay close. morning. ♪ get ready to switch. protected by flo. should say, "protected by alan and jamie." -right? -should it? when you bundle home and auto... run, alan! ...you get more than just savings. you get 'round-the-clock protection. >>> on the very first day of 2019, governor ralph northam of virginia signed four proclamations. one declared 2019 a year of reconciliation and civility and sought to commemorate the 400th anniversary of the first enslaved africans brought to virginia. northam joined a group called virginians for reconciliation, whose goal was to spend this year w