we are with you for a number of minutes with julian robertson. i can't say enough -- did you like the book "more money than god?" speaking -- are you on speaking terms with him? i thought he treated alan greenspan better than you. julian: i thought he treated me well. tom: i want to talk about commodities. sort of with the southern hemisphere. we got ok meeting right now to try to figure out the mood -- figure out the move from 100. i look at commodities and how they old into your immense system. can you call bottom on commodities and say there's an inrageous opportunity industrial metals? julian: i certainly cannot say there is in hydrocarbons. i think the whole world is trying to find substitutes and rightfully so. because they produce carbon and carbon produces global warming. a huge factor against hydrocarbons. think very soon, you are going to see china come out with a very strong program against hydrocarbons. i want to take you back down to washington and ask you about the way your industry is regulated. one of the big topics has been carrie

what a joy last night, michael mckee and myself speaking with julian robertson, arguably the founderr. robertson, always vocal, always interesting. onian robertson, scathing negative rates and chair yellen. >> janet yellen is unwilling to see the american public take any pain at all. because of that, i think she is creating a serious bubble. tom: there we are. michael spence is with us from new york university. taking the pain. you spoke about clearing markets. when did we start thinking this , thatbe pain free capitalism could be pain-free? prof. spence: i think about two years after the crisis. wefirst, we were making sure did not collapse. the banks overestimated the speed of the recovery. they thought the monetary policy would have a bigger impact. tom: there is a reach of literature back on this dark side to capitalism. i think of benjamin franklin's work at harvard. another one, when did we decide to become pain-free? do we blame this on the american economic association? it is almost a political issue. this idea of getting out of crisis pain-free. i thought robertson was dead

julian robertson on mr. trump. ♪ tom: it is the outlier today, japanese yen.e with us today. off thethat big rally perceived clinton victory in the debate. just a little bit in the last 20 minutes. japan-mexico -- we have never done yen-peso. there it is, even against the yen, the peso moving with a vengeance. francine? francine: coming up is "bloomberg ." alix is in the studio. i know you have a great show lined up. and you speak to former chancellor george osborne. yes, we will speak about the economy, the fed, and the election. george osborne is an exclusive interview talking about what brexit winds up meaning. but what are the implications? we will be talking with tom barrett. elections front and center. markets front and center. a supporter of donald trump. i want to get his take not only on the debate, but about taxes, about debt, about how donald trump would pay for his plan. tom: it has been a wonderful "surveillance" so far this morning. we will go on on the radio. we were just reminiscing about morgan stanley, robert ferrell of merrill lynch. an

scarlet: coming up tonight, we will be sitting down with julian robertson.his is a special on bloomberg television. you won't want to miss that. their of nike, extending losses. futures orders missed estimates. analysts were looking for a gain of 8%. those futures orders rising just 1%. "bloomberg." ♪ scarlet: i'm scarlet fu. "what'd you miss?" dollar -- have a deep deep dive on saudi stocks? tracy: i do. every single stock in the index was down today. that's basically on pessimism around the opec production freeze. we also had news out of saudi arabia saying that they were cutting civil servant pay as well as bonuses for government officials. that is all from the fallout from lower oil prices. how often do you see that? scarlet: zero gainers. tracy: the worst-performing stock today. of -- not speaking of anything, i'm looking at the percentage of people here in the survey that reported they intended to buy a washing machine. hitting its highest level since the crisis. they intend to buy a washing machine in the next six months. this is a big deal for a coup