but kaplan says another rate hike might do that. is that being contained? gina: kaplan is clear while he sees signals of concerns, he does not see overheating broadly. that is really relevant naturally in this state of the tightening cycle. we have seen relatively benign inflation pressures. if anything was going to cause this to become more aggressive is when they saw bubble risks on the horizon. at this point, we are not seeing it. we don't see those kind of excesses. vonnie: to your point, not only is he that concerned, but he indicated that they are pricing in sluggish growth in the longer term. that is concerning, right? gina: i think that is an interesting point. one thing that the fed officials who were hesitant to hike beyond neutral, including kaplan often bring up is, we don't want to invert this yield curve. and if the yield curve is pricing in, you will risk doing that. >> i want to bring you back into this conversation. i am curious what the fed debate is going to look like going forward? i always had this sense that yellen drove things more. b

. >>> robert kaplan tells cnbc that criticism from president trump won't influence how the central bank makes decisions saying he's happy with four rate hikes this year. >> what i'm focused on is making good assessments of the u.s. economy, the global economy, good monetary policy decisions, without regard to political influence or political considerations i'm very confident we'll continue to do that. >>> australia prepares to swear in its sixth new prime minister in a decade. scott morrison wins a political leadership vote and outlines his first challenges >> to ensure we not only bring our party back together, which has been bruised and battered this week, but that will enable us to ensure we bring the parliament back together, that we can continue to work to ensure our country stays close together >>> thank you for joining us the latest round of trade talks between the u.s. and china ended without a break through. conducted by mid-level officials, expectations for the talks were low after president trump said he did not expect much progress. in a statement the white house said the tw

robert kaplan really lit up when he was talking about the strength of the u.s. consumer. is there such thing as a decoupling economically, where we can stay strong when the rest of the world is weakening? >> yeah, sara, i know this topic comes up every time there's a divergence in performance. we were talking reverse a few yeersz ago when em and international was outperforming the u.s. significantly i think in the longer term basis markets do tend to move in sync with each other. but the valuation and quality of earnings we're seeing around the world is telling us at some point there will actually be a convergence rather than a convergence happening or a decoupling >> and the convergence favoring which areas? >> we like non-u.s. equities. and where we like outside the u.s. is in developed markets, in europe, for example, as well as emerging markets despite the volatility that we're seeing now. emerging markets had a very strong year in 2016, up almost 12%. and last year was the best performing equity class, and so being down 9.5%, 10% this year after two strong years is p

robert kaplan speaking at jackson hole today. caroline: time for our business flash.a project to develop flying cars including companies such as uber, boeing -- it were in boeing. first time. for the a big transaction in the energy business. spectra owns -- two high-profile share firms have, against blackstone's $3.7 billion cash bid for lasalle hotel properties. lasalle shares are trading above the blackstone offer. that is your business flash update. check out g tv on the bloomberg where you will get all of the things you see on the bloomberg care. we have been looking at the correlation today of what is happening in china and how that impacts the s&p 500. impacts the s&p 500. may be throwing trump a bone as we have seen to be strengthening. ♪ >> this is bloomberg markets. options insight. >> joining me today is matt .chapiro thank you for taking the time. happy friday. it feels a little slow. we have these record highs for stocks. what do you think about that? >> no one would have thought the market would be in this position with the negative political news ,

fed's kaplan says he is comfortable with four rate increases this year.e president says federal reserve officials will ignore political pressure or attacks. on business insider, more pressure on elon musk. wall street analysts tore down a tesla model 3 and found significant fit and finish issues. analysts from ubs say the car's build quality is disappointing for a $49,000 car. and bloomberg asks, will the market crash if trump is impeached? here is what analysts say. they point out stocks continued to rise during the clinton impeachment, at the time of the internet boom, and that corporate earnings remain strong, partly thanks to his tax cuts. and don't forget, let us know what you are spotting online. use the hashtag #bbcthebriefing. up next, newsbriefing. the eden project says it wants to build an offshoot of the cornish attraction in the lancashire town of morecambe. john maguire has visited the proposed site. morecambe is rightly proud of its past. these pictures almost 120 yea rs old past. these pictures almost 120 years old showed just how popular t

joshua kaplan with breitbart writing, march attended by antifa to commemorate last summer's charlottesville positive rally evolved into an ati-police protest before preplanned evening rally to mark the anniversary of a campus confrontation between torch carrying white nationalists and counter protests. unfurled a banner that read "last are they came with torches. this should they came with badges." from wind and -- from connecticut, go ahead. caller: good morning. you can see some of this racism reflected in the polling, especially going into the midterms. you have this huge divide with women went to elect the urban voter. i think that plays into the sexist comments. there was a visceral reaction to that. and with like immigration and mexicans. this whole reaction among a certain percentage of the population that, you know, they don't like people of colored -- they don't like people of color, hispanics, asians, african-americans. it is true. populationcertain that is really touched by this. i want to point out. doug jones in alabama, the african-american -- [indiscernible] was really -- [in

he says that so i don't think powell -- kaplan can say that, that's his view wants to go to neutral andowell says he doesn't have to he probably thinks let's get in and around the place we think is neutral and hang out, take a look around. if we have an inflation problem, we'll deal with it. >> the other thing that's important, i don't know how you feel, but steve, he was quite willing to address what i consider fiscal policy, not monetary issues. had a whole thing about wages being stagnant, economic mobility declined, economy has to break out of low productivity mode budget deficit is important because as a larger share of population increases, that's a clear shot at the bow on the entitlement issue. why is he willing to address broader fiscal policy questions rather than monetary policy? >> bob, that's a tradition of several federal reserve chairs and chairmen they noted that unsustainability of the deficit, they pleaded, cajoled the administration and congress to get it under control and they said repeatedly the sooner you do this, the less pain will be involved in doing that it is

it is listening to kaplan speech.e emphasized the long end of the curve is telling the growth will slow. look at what the fed is doing. they are hiking interest rates. of course the market is going to think growth will slow. it's amazing that they miss this very fundamental point about hiking rates leads to lower growth in the long run. jonathan: you keep the flatten er on? subadra: yes, for the foreseeable future. there is no risk for one away inflation. expectations have in type between breakevens. there is no risk. must have the dynamics where there is a lot of demand coming for the backend. it will be somewhat range bound. this dynamic with the flattening led by the front and will persist for the remainder -- --nt end will remain for the will persist for the remainder of the cycle. rob: the flattener will continue. breakevens have been steady for a number of months. if the fed raises rates. matt: one of the things that was interesting about powell's's speech is he told us he was not worried about upside risk, yet

it is interesting listening to the kaplan speech.e emphasized the long end of the curve is telling them growth is going to slow. look at what the fed is doing, hiking interest rates. of course the market is going to think growth is going to slow. it is amazing to me that they missed this fundamental point about hiking rates leads to lower growth in the long run. jonathan: you keep the flattener on? subadra: yes, for the foreseeable future. i think it is here to stay for the foreseeable future. there is no risk of runaway inflation. expectations have been tight between to 10 and 220. there's no risk and you also have the dynamics with is a lot of demand from the backend so the backend is pretty much relatively it's going to be -- a lot of the pressure is going to come on the front end so this sort of dynamic with the flattening led by the front end is going to persist for the remainder of the cycle. rob: the flattener will continue. breakevens have been steady for a number of months. as the fed raises rates, flattening will continue.

. >> reporter: the kaplans lost it all. >> three children that were raised here. and this is the only home they knew. >> reporter: tonight, immense loss, and looming fear. miguel almaguer, nbc news. >>> we have a lot more to tell you about. still ahead, i a family's outrage as dramatic body cam video shows police shooting and killing a suspect and their mother who he was holding hostage at knifepoint. >>> the daring crown jewels heist. thieves making their getaway in a speedboat. now the intense manhunt. we'll be right back. >>> we're back now with that newly released body cam video of a fatal enopcouning fire and man with a knife, but also killing the hostage he was holding. the lapd now reviewing its own use of force policy. we want to warn you, the video is graphic. let's get the story now from nbc's tammy leitner. >> drop the knife! >> reporter: tonight, newly released dramatic video showing an intense standoff between los angeles police officers and this man, holding a woman hostage at knifepoint outside a homeless center. 32-year-old guillermo perez, a known

listening to kaplan speak at jackson hole, he emphasized the idea that the long end of the curve is telling them that growth is going to slow. look at what the fed is doing. they are higing interest rates. of course the market is going to think that growth is going to slow. it is amazing to me they have ssed this fundamental rate that hiking rates leads to slower growth. >> do you think the flattener is here to stay? >> yes. there is no real risk of run away inflation. inflationary expectations have 210 and 220. ween the back end is pretty much relatively -- it is going to be range bound, and a lot of the pressure is going to come on front front end. this dynamic with the flattening led by the front end is going to remain for the remainder of the cycle. >> is it the right trade for you? >> i agree that the risk for run away inflation is not really in the market. break evens have been steady times.umber of >> what was interesting about powell's speech was he told us he wasn't worried about up side risk to inflation, and yet he would continue to race rates. that is a recipe for a flatter curv

. >> reporter:he kaplans lost it all. >> three children that were raised here and this is the only home they knew. > reporter: immense loss and looming fear. miguel almaguer, nbc news. >> still to come, jennifer aniston reveals a personal fantasy that may be shared by millions. we'll explain as "early today" rolls on for a thursday. ♪harry's meeting clients...♪ ♪...from far away. but they only see his wrinkles.♪ ♪he's gotta play it cool to seal the deal.♪ ♪better find a way to smooth things over.♪ ♪if only harry used some... ♪...bounce, to dry. ♪yeah! ♪he would be a less wrinkly, and winning at life.♪ take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or, here. kick your antacid habit with prilosec otc. one pill a day, 24 hours, zero heartburn. before she puts them in the dishwasher. so what does the dishwasher do? (vo) cascade platinum does the work for you. prewashing and removing stuck-on foods, the first time. (mom) wow! that's clean! (vo) cascade platinum. >>> in today's quickid hits, captures a chinese family charging an electric s

neutral l wel an ought to be raising rates three or four times over the months.e to 12 as for growth, kaplans it taling this year, but off in the years ahead as fiscal stimulus winds down, they see it edge to the potential growth rate of 2% and they'll keep an eye on tariffs and taxes and overseas developments justs surely as while they're in jackson and they'll keep an eye on the ever-looming tetons is.e for ightly business report, i'm steve liesman. >>> the advisory group, thet anal cites the retailer's strong second-quarter results. the price target is $100. the shares rose to $86.71. deckers was upgraded to neutral from negative at susquehanna. the analyst cites improving trends for the ugg brand and the price target is $104 and the stock gained% to $121.48. mattress company temper seely was upgraded to overweight fromt sector weightey bank. the analyst cites the potential for market share gains and the price target is 75. the stock rose a fraction to 57.05. >>> still ahead, a new casino in a place you might not expect. mgm resorts bets big on history in springfield, massachusssts. i'm c

what does she want what's going to make her stand peace on earth the reason this quarterback collin kaplan is that you refer to me old was to put the spotlight he's a very prominent public figure to put the spotlight on something that he thought needed attention which was police brutality and they're using a black quite an indictment of course is actually something on this little girl frankly was doing the same thing if ever a cop is ever brutal to anybody the kneeling continues how do you how do you measure if there's pin police brutality since at least and the instances are extremely rare consider the considering the millions of police out there doing their job every day what's going to make the kneeling see when there is never any brutality again how do you measure that can i ask you what does it matter if people want to protest however they want to protest when they saw him to not want to come and i want you but you will get a heads up of banksy footballs about football schools about school and if you have a protest protest in a constructive way this girl can write letters to the edito

in general, kaplan saying that we're getting close to that rate. i don't want to come close to an inverted yield curve. the markets are doing pretty well. beingso charles evans relatively robust. i'm not sure how much we will learn from these meetings, but we will be looking for any thing we can find. lisa: we will go more macro. unlikely that these seem to be pretty polished and pretty brief. i think what they talk about is the terminal rate. go inthings should equilibrium. they will be talking about the balance sheet and why wages haven't grown more quickly, which we really haven't seen despite the low unemployment rate. and that is what people will be trying to parse out. it will not necessarily be market moving but a lot of econ people will find it fascinating. [laughter] not bethe president may too happy with the market but they have founded entirely on offensive. >> there was a report out to kind of crunch the data. it was relatively muted. the comments a few years back. it will find where the fed is going. the pace of rate hikes for the rest

companies in the community right now are selling out of their own exciter in order to shore up kaplan everybody wants to sell at a higher price and this has contributed to a forty four percent decline in price if it's here in the last two weeks and that has to strike the entire market down along with it forty four percent is huge you explain that beautifully and i understand it but i want to break it down a little bit more just to explain how that actually works so if you're. initial coin offering company and you're raising money you're going to be using bitcoin so even if you have a coin that's a a bar coin or krissy a great watch it kristie bling watch coin you're going to get your investment in bitcoin or in ether which creates all of this of volume in bitcoin trading and one of the reasons why people think the coin raised to twenty k. last year was because of all these goes right and so what you're saying is these i c o o's are now saying ok i want some cash and they may need some cash they may need to keep the lights on the rent and pay the employees yeah yeah so that's a very in

miss gwen kaplan, come on up. >> gwen cap lynn, north business district business association. so hello, commissioners, and i just wanted to thank you for serving and representing the small business community. it means a lot to everyone. the thing i want to talk about is the possibility of a small business summit or a small business conference, and i'm very much in favor of this. as a matter of fact, the last small business conference that was held in san francisco, i was the president of the commission. and i have to say, it was a big success. it fit our agenda, it brought a lot of attention to our business, our problems, our challenges, and the things we can do particularly to get the attention of the department heads, and the mayor and the mayor's staff. so that is what i am here to talk about in public comments. >> okay. thank you very much. >> thank you. >> do we have any other members of the public that would like to comment about something that is not on today's agenda? welcome. >> well, i'm getting some smiles. that's a good start. thank you very much. thank you. thank

tomorrow we of interviews with fed president jim bullard, robert kaplan.his is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. the bloomberg for foods. looking at alternatives to your favorite. this is the cover of last week's issue of bloomberg businessweek. we spoke to the ceo about changes in the company and how he is conducting his challenges including trade tensions. >> for everybody to understand is the u.s. is so incredibly competitive as it relates to agriculture and when there are issues that are creating uncertainty, that is not good for companies like tyson. we have to focus on getting to certainty. the uncertainty is what creates problems. forof countries looking feeding people and having supply chains in place they want to maintain. any disruption creates turbulence. protein isestic important, but exports are nearly as important in terms of making sure our system is healthy. >> we have a breakdown of your meat.e by meet -- i know beef did well last quarter. we have seen lower beef prices and so more demand for things like burgers, c

been so incredibly kind to us if we just enumerate the blessings of our geography in fact robert kaplan did just write a book with exactly that. so we have a lot to be thankful for. we could have been somewhere else we could be born or living in a place but what i have observed generally is that man and women when subjected to stress start to lose those higher-level functions of the brain to generate very rapidly the reason why i am interested in autonomy and artificial intelligence because i feel short of reprogramming communities bring, the only way to create a better world is to reduce the amount of stresses that cause us to activate the part of our brain that we act like a snake or some other form of reptile we have done worse so whether that proves to be true or not we say people in richer countries generally they behave better. what does that mean? so being richer makes you a better person? i can tell you there are wonderful people everywhere about what makes people better is when they know they have food on the table with fundamental security nobody is coming after the banging on

. >>> tomorrow, oakland city councilmember rebecca kaplan is expected to join the mayor of berkeley toon governor brown to take the first step by halting permits for new fossil fuel projects.a bit cooler today. the air quality a bit better and it is all because of the deep marine layer. the deck spread out over the last couple days. that is allowed for cooling. further cooling as we head into the next couple days. the real thing is the air quality. it is a lot better. no spare the air day. there is more room for the particulate and exhaust and smoke to move around. we are not breathing it. it is not as unhealthy as it has been for the past couple days. these are the highs from today. hotspots today are just in the mid and upper 80s. the warmest spot was 90 in antioch. temperatures tomorrow are about the same. we are in good shape right now. we have no major heat, no spare the air days and no warnings. it is foggy out at the airport. the fog will have a big push inland tonight. it will start off tomorrow mostly cloudy for the entire bay area. it already is mostly cloudy. temperatures to

this morning, oakland city councilmember rebecca kaplan is calling on governor brown to take the first step by halting permits for new fossil fuel projects. r president obamathe coal industry during a stop in west virginia today. the clean power plan restricts gas emissions. states could relax pollution rules. >>> california has a new state law that bans male prison guards from conducting patdown searches of female inmates are going into areas where women are undressed. governor brown signed the bill into law. the new rule takes effect next year. the law contains obstructions -- exceptions for emergencies such as when female guards are not available. . there is a bill to provide lgbt educational training for peace officers. it was approved by the unanimou- 0. it would require that law enforcement develop a training course for people who want to become peace officers and dispatchers. the training would focus on sexual orientation and gender identity differences. this bill now goes to the state assembly for a vote. >>> the state assembly advanced a bill that would make california the fir

told the "wall street journal" he had pushed back on a timeline >>> and dallas fed president robert kaplanexpects three or more interest rate hikes over the next 9 to 12 months notably he's not a voting member and won't be until 2020. >>> today the fed will release minutes from its latest meeting with investors keen to find any clues about the possibility of two additional rate rises. stay tuned, cnbc will find out if the mountain air can clear the heads of the world's top central bankers. we are live from jackson hole where steve liesman will speak to fed policymakers. >>> i'm happy to bring in christopher smart, the head of macro economic and geopolitical research at bearings first, thank you for waking up early to speak with us on this show i know it's early for you over there. just taking a step back and talking about the u.s. economy, s&p has just made new intraday record highs the economy seems to be on good legs the fed is tightening. do you see this momentum continuing over the next 12 months or so >> i think it's hard to see right now what will disrupt the current trends if you lo

private event and they did it last year and it was so successful they wanted to build two tents on kaplan alley. so we closed the alley and standard rentals will install the tents. so they're asking for a 90-minute extension on the 25th and 26th. the 25th, entertainment at the reception will be silent disco. on the second night, they will have a deejay in there. and so that's the primary thing. i did do outreach. i sent that flier that's in your packets. 1 1/2-block radius. my name and number is on all of it. my cell number. if there are any issues, people have access to call us. so the extension on the 26th for 90 minutes because the 25th is silent disco. any questions? >> president tan: did you get any response from neighbors? >> not at all. i went everywhere, down hawthorne alley and the businesses and even on folsom and third, there are two apartment complexes. >> president tan: okay. commissioners, any questions? commissioner thomas? >> vice president thomas: i want to say the flier with all the information on it is fantastic. i wish more of our event organizers did this. >> we do th

oil is still below that is one of the risks that robert kaplan talked of today, if we had some kind ofprice spike. the south african rand, a little bit of a bounce, 14.31 after all the hoopla when president trump suggested there might be a reason to get involved in south african internal politics. you can see that we have stocks across the board moving higher. argentina is an exception and turkey is well. -- as well as. we may still be on holiday in turkey. the renminbi has been bouncing around all over the place, countercyclical. that has the renminbi back to 6.80 today. have a look at commodities, it is higher all over the place including gold, back above $1200 for the first time in several weeks. romaine: let's get back to jackson hole now. loretta mester gave us her take on raising rates and her take on the yield curve. for raising interest rates i think is compelling. we have an economy growing above , and, lower unemployment inflation basically at our goal of 2%. we have been trying to engineer, calibrate our policy path to the so this gradual increase in rates seems to be a very

. >>> later, tune in to "closing bell" when dallas fed president rortbe kaplan joins them lot more touawk alley. your digestive system has billions of bacteria, but life can throw them off balance. re-align yourself, with align probiotic. and try new align gummies, with prebiotics and probiotics to help support digestive health. >>> is apple's run about to get sweeter, is the stock due for a cool down. the debate is on. >>> and new note from goldman, sachs may provide you with a great buying opportunity >>> and a part of the market more stock watchers say is the best place to be all that and more. halftime report, top of the hour morgan, over to you. >> looking forward to it. >>> later, headlines are crossing for the president's meeting on foreign investment. president trump says u.s. net worth up 10 trillion since the election, touting a strong stock market, saying not enough focus is placed on china we'll take you there when we get the video in a short while first, when we return, let's send it to aditi roy >> these corn tortillas and corn chips may be cheaper because of the tradwae

shery: thank you so much, ron. , tomorrow we will have interviews with fed president, robert kaplan.that. and if you did miss out on any of the charts we showed you throughout our programming, g tv is your function. you can save them and use them for future reference. live from new york, this is bloomberg. alex: saudi arabia puts the aramco purchase on hold. this week marks the annual trek across the u.s. midwest. an in person look at the condition of soybeans. we dig into the gold's yearly decline. ♪ i'

kaplan said we should just stop at that point. any discussion from them whether that would be appropriate. it would be nice to know how many people feel that that's the case that's the issue, how many more times are they going to hike the rate finally, wouldn't you like to hear the paragraph, members discussed how they could get the president to stop telling them what to do it would be nice to see that they actually had a discussion around that. >> i think we will never know. >> i think that would embolden the president even more. >> yeah. >> just ignore him. >> thank you bob. >>> let's check on the bond market rick santelli tracking the action at the cme. rick >> tyler, if you are watching up on the board and looked at 2s, 5s, 10s, 30s you wouldn't have seen much. there could be a late reaction i don't think so in august the dollar index adequately posed out there it did lose a little ground but not really much. i think there was a big issue in this report. what is neutral? i'm not sure what it is. i think we got a hypothetin the

we got a city wide budget update and analysis from dan kaplan, as well as a dos-specific update from shireen mcspadden. we had a presentation from michael blecker around the challenges we know the v.a. system and how that effects older adults. the presentation, and all the information, is available on the long-term care coordinating council's website. including minutes, agenda, other things like that. so if folks would like to review you can look at that and contact me directly. do you have any questions? >> thank you, valerie. any comments or questions? >> any comments or questions of the public? thank you, again. >> thank you. >> the case report. no case report. the nominating committee is recommending the commission to reappoint the following advisory council members who are incumbent. william marota, kay parek, and beverly taylor. because this is coming from the nominating committee we don't need a second. do we have any discussion? any comments or questions from the public? call to question all in favor of reappointing these three? >> aye. >> any opposed? thank you, the motion c