kathleen: it is kathleen hays in new york.ints out -- our bloomberg story points out that a lot of asia's billionaires who started successful companies are less likely to have women on their boards because they control their companies through their own shareholdings or those of family members, and family controlled entities. certainty interlocking sorts of corporate arrangements in many different asian countries have been part of the way corporations work, at least to date. is that another thing that is maybe difficult to change, if there is not more of a social, legal, cultural push to move in that direction? susan: it is. but then you look at countries like miramar, where the generals control a lot of the country, so women have decided, we want to bring more investment, make our companies better. so women are taking over the companies and pushing them and doing a great job. we are thrilled to be launching a chapter in miramar next week, because it is the women who want to be able to compete with other countries and show they

kathleen: i am kathleen hays in new york.planning to our already winding down assets, wondering how to balance forces in the future. let's bring in the executive vice president at cls bank. worked at the new york fed for over 20 years. let's start with the fed, because they did what was expected. they are starting their balance sheet reduction, they are sticking to the view -- almost a promise, that they are going to hike the key rate one more time, even though janet yellen admits it is a mystery. it is below target, not moving in the right direction. as someone who worked in the fed and watching from a market investor standpoint, what do you make of this? what is the logic? >> they want to normalize the balance sheet and interest rates. this has been a goal of janet she got into that position as chairman of the fed. have that bee to her legacy that she began or got the mobilization process well underway. we already had on the rate size moving multiple zeros to a little over 1%. she has moved off of zero. on the asset side, w

kathleen: -- i'm yvonne man in hong kong. kathleen: i'm kathleen hays in new york.blem has now been fixed. the glitch grounded flights in and out. domestic services at all airlines were heavily hit on a day of heavy air travel. the euro fell against the dollar after the german election results. chancellor angela merkel's party came out on top but now faces tough coalition talks after the current party rolled out a deal. the process could take weeks. the anti-immigrant afd 113% of vote.te -- won 13% of the >> a major new challenge is in front of us, namely the fact that the afd has entered the federal parliament. we shall certainly analyze this very closely and in-depth because we want to gain back those voters of the afd by solving their problems, by giving them solutions, and certainly by good politics. the kiwi also fell after results in new zealand. prime minister bill english's seats.ne 50 expected to talk to the anti-immigration new zealand first party. discussions could drag on for weeks. president trump has ordered new travel restrictions on eight countries e

kathleen: i have a different view. i think we are getting a very good view of what the fed is thinking and why we are likely to get that december rate hike. not herrnor -- this was topic, nor was at the topic of the president of minneapolis. >> the fed is basically saying we're on this gradual path and it will take something to knock us off this pad. what i heard that your say yesterday was, as of now, there is nothing knocking her off the pad. kathleen: he as been there and done that, member of the federal market committee for several years. he says he sees a shift in the fed across the last few years. basically since the throws of the financial crisis when they were very real at and to make a move. very cautious because they did not want to affect a fragile and strong recovery. he is now suggesting they are ready to move ahead based in what they expect to happen. that is the start of a very important thing for us to understand why we macy's a rate hike in december, even if a rate hike remains far below target. rishaa

rishaad: thank you, kathleen. kathleen hays.still ahead, and economist discusses china's track down of -- crackdown great rhinos. haidi: will the japanese prime minister's snap election cause risk, ruining abenomics? analysis next with merrill lynch securities. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. shinzo abe gambling with the economy. jonathan withstand another hike. he still needs to convince them it is a good idea. joining us from tokyo is the head of japan economics from merrill lynch japan securities. great to see you. what is the upside here? severaled to do this on occasions to delay the tax hike. why is he at its again -- at it again? thatu are absolutely right this does not make a lot of sense on the surface. if you think about the consumption tax, it is scheduled for 2019, so he still has two years to go. he was not being pressed to make a strong stand on it. he could have made the timing fake or at least attached a strong st

our editor kathleen hays. more important with what janet yellen said on tuesday that what we heard from president trump in terms of the impact on the economy in the market. what he will not do. kathleen: we know the federal reserve has spun stability. price stability, low inflation, strong growth. do juste heading to that. to eric busy listening rosengren. calling fortely more rate hikes. let's listen to what he said. >> we are already a little bit below estimates. the expectation is that it will continue to tighten up, relative to where we are. if we continue to push past what is sustainable, the risks of highs -- higher asset prices will increase. that will highlight the fact that in my own view, it is advisable that we remove accommodation over the course of the next year and a half. betty: he is certainly known as much as a dove. kathleen: he says there is no need to raise rates because inflation is lacking area the difference -- lagging. he said don't worry about it, we can work hiking rates. let's look a

betty: thank you so much, kathleen. are counting down to second quarterfinal gdp numbers out of japan. bank of america, merrill lynch joining us to unpack the figures as they drop. haidi: markets have a lot on their minds, with hurricane irma, white house policy in north korea. we will measure sentiment. this is bloomberg. ♪ ♪ ,"idi: this is "daybreak asia lun in sydney. betty: i am betty liu in new york. a fast week for investors. north korea, a string of severe storms, and policy turmoil in washington. how have bond markets reacted? we saw quite a bit of buying in treasuries. bmoring in the head of capital markets. let's tackle, who is going to be the next fed chair? it seems to be get the ring steam in terms of the story. steam in terms of the story. >> it introduces uncertainty into the process. we had an understanding gary cohn would be at least as dovish as yellen was, if not more. the market was prepped for that. theuld add to come on yellenthe probability gets the nod, because it would be harder to replace her,

i also want to thank kathleen hays. plenty more to come.loomberg. ♪ ♪ betty: this is "daybreak asia."i am betty liu in new york. yvonne: and i am yvonne man in hong kong. the world bank is selling insurance operations. it makes it the biggest acquisition by the hong kong-based in sure. cba disclosed in august they were in discussion with third parties about the unit. they were also -- betty: bloomberg has been told google is close to buying assets of a taiwanese filmmaker. -- is said to be planning us planning a townhall meeting today. there will be a pending announcement. they have been exploring virtual-reality businesses. bloomberg reports that google had been in touch. yvonne: facebook is stepping up enforcement and ad targeting, with human reviewers. they will clarify their advertising policy to disallow targeting using any criteria that directly attacks a group of people. saidheryl sandberg facebook never anticipated the system being used in such a way. betty: we are down to the opens in japan and south korea, counting down as well to

mouhammmed: he is in a difficult spot -- kathleen: he is in a difficult spot.date in the alabama primary runoff election lost the kind of an insurgent conservative, which you know, who does that sound like? guy: it is interesting that trump that the other candidate and this guy looks and feels like him. kathleen: exactly, and the "is trump's i, support going to be enough to convince people that this guy is not necessarily the establishment." we saw it was not. what that it portends is that there will continue to be a lot of division was in the republican party, but these divisions we have seen playing out in congress in terms of their inability, republicans' inability to pass legislation, that will be translated, and we will see that in the states, when we start seeing primary contests and the division playing out elector early and not just legislatively. matt: i have a chart here, kathleen, showing the blue line is the s&p 500 index. the white line is companies that have the highest tax rates. election, this is normalized from the election day, november 8. pos

>> jimmy: kathleen turner. >> oh. >> jimmy: kathleen turner talking about slip 'n slides. [ light laughtermera there. >> kathleen turner 20 years ago, or kathleen turner today? today. i'm going to do today. >> jimmy: if you close your eyes, and it's kathleen turner today talking about -- >> "oh, listen jimmy, believe me. [ light laughter ] i know all about slip 'n slides. i've walked that long, lonely crocodile mile, and it always ends the same way. you run, you slide, you hit the bump and you take a dive." [ laughter ] >> jimmy: come on. oh, my gosh. oh, my gosh. she does kathleen turner so good. okay. it is my turn right here. let's see what i get here. ♪ al pacino. now, this is not saying, the young al pacino or old. >> well, what is it? >> jimmy: i'll do both. i'll do -- >> show off. [ light laughter ] >> jimmy: young -- young al pacino talking to old al pacino about fidget spinners. "oh boy. [ light laughter ] you got to see these fidget spinners. they spin and all your -- all your problems go away. and oh, wow it is absolutely amazing spinning. round, and round, and round, and round.

in new york, i'm kathleen hays.lections made the headlines today, conclusive ones in germany, new england -- new zealand, and a possible snap vote in japan. angela merkel now faces drawn out coalition talks after former partner, the fpb says they go into office -- opposition. news from germany is the return of the far right to parliament first time since world war ii. new zealand also faces possibly weeks of uncertainty after prime minister bill english fell just short of the majority in the house of representatives. his national party, claiming 58 of the 120 states leading labor to 45 states. those never could change -- those numbers could change. now it's back to to talk to the anti-immigrant new zealand first party. westin peters is going to be the kingmaker there. let's take a look at new zealand stocks. the clock have changed, let us see what we have. first opportunity for them to react to that stock, up by a single point. the kiwi dollar slightly weaker, it must be said that it did seem like the polls before t

i don't know what kathleen's hmo is. it is a system that makes patients feel like they are being taken care of, not surprised by medical bills. host: time for a few more calls. maddy on the line with no leavy. like the man that called in about medicare that you get with social security, they are going to take away social security. what did they do with all of our money that we worked 25 years for? if they managed that money right, we would not have to be worried. it is not an entitlement. we earned four. we pay for it. earned it. we paid for it. you either keep your lights on or go to the doctor. i am a real that diabetic, -- bad diabetic and almost died in intensive care because i cannot afford buying medicine. i guess the system is right. they don't want you to draw social security too long. they won't link you'd starve to death or die for not getting the medical help when you need it. host: thanks for calling. guest: health care in this country -- medical care in this country so expensive that people like maddy and yo

let's bring in kathleen hays for more.have more fed speak, including another hawk adding to this battle between the hawks and doves in the fed. kathleen: i think the hawks have the upper hand. we will look at a bloomberg function to illustrate that in a minute. there is no doubt fed speak continues. the new head of the atlanta fed spoke to did not talk about policy. fed says she has been a hawk for some time. several important decisions were made last week. one was a stay on a gradual path for the rate hike, the other was to start the balance sheet process. here is what she said about why. >> it will be important if we want to continue this long expansion that we begin to adjust interest rates accordingly. that will benefit in the long run sustainable growth and financial stability in the united states. i want tothe dots look at. ifre is some question about esther george -- i will show you. for 2017, here is a line of said numbers that see three rate hikes. some are holding out for four. the fed president of boston was haw

manus: let's welcome kathleen hunter. jane foley is also alongside kathleen.d action for childhood arrivals, just one of many challenges that congress has to deal with. be a million people potentially affected by trump's next move. kathleen: the important thing to remember is that the reason might obama did this executive these youngtect adults from deportation, shield from duplication is because congress could not act. -- shield them from deportation is because congress could not act. there wasn't enough support to get through legislation to shield these dreamers. it would call it -- it was called the dream act. now we are seeing the trump administration trying to further , saying they are going to give congress six months to sort this out and after that we will end this program. ,ix months is not a lot of time given there has not been a lot of consensus on this. we look at the response we have had from other members of his own party. lindsey graham saying obama's buton was an overreach, also saying the immigrants it protects knows no other -- no no other cou

kathleen is back to discuss the papers.. and air hostess has had a 30% pay jolt because she doesn't match their sizes. aeroflot, she decided to take them to court, they decided to defend their position by saying that each extra kilo of weight, they have to spend more on fuel etc. luckily enough, thejudge to spend more on fuel etc. luckily enough, the judge saw sense and ruled with the air stewardess, because she was only a size 16. there is also a debate about passengers. i get a flight, and i have a heavy bag, you have to pay more to take an extra bag, but if you are heavier person, you don't pay more. external things, there you are heavier person, you don't pay more. externalthings, there is an ethical issue, fine, charge for bags. don't make every body stand on the scales. i agree, 10096. the financial times and many others, steven mnuchin faces the enquiry at his insistence on using the air force jet to get around honeymoon. and he is doing it because he says he needs secure communications, but he needs secure communica

first for you, kathleen sebelius.he most common criticism will be not only did you do me wrong on the keep your doctor keep your plan under the aca, but my premiums have gone up. i know that's not people overall, but there's 7% to 10% in the individual market that say i have skyrocket because you attached me to everybody, and my deductibles pops and premiums pops and i worry about my family. what do you say to those people? >> i think they are right. premiums continue to rise, and we can address that. i think the best way -- i am actually an open market person. the best way to address it is competition and this administration has enormous bully pulpit to get insurances to play in the markets. they have done just the opposite. they actively worked to drive companies away. refused to tell companies if they are going to follow the rules and pay the ongoing subsidies for lower income americans. the competition is the best way to keep prices low. you see that in states across the country where there's active participation,

kathleen: it is much a done deal.policy hold until it starts accelerate. -- accelerating. they have arctic conceded they are not moving as fast as they should. what is going on in japan is that some of measures have receded. what this shows you is the employment rate down to a record low. morgan stanley's japan wage growth indicator kind of has a track on high unemployment -- high employment, low tracker indication. that is part of the question. this, one of the important things coming out of this if they are updating their inflation forecast for the next three years, they already had to reduce their forecast for this year from 1.4% to 1.1%. bloomberg intelligence things we will hit 1% pretty soon but that will be a big focus. do they change that at all? it gives us a sense of what will happen down the road. sticking to you yield curve control,- yield curve they will make it clear we will keep our 10 year yield at 0%. betty: they have to keep that control. up next, the founder of the world's largest hedge fund says ce

jody nichilo kathleen ann nicosia martin s. frank john niestadt jr. gloria nieves juan nieves jr. troy edward nilsen paul nimbley john b. niven katherine marie noack curtis terrence noel michael a. noth. daniel r. nolan robert walter noonan jacqueline june norton robert grant norton daniela r. notaro brian christopher novotny soichi numata brian felix nunez jose nunez jeffrey roger nussbaum james a. oakley dennis patrick o'berg james t. o'brian jr. michael p. o'brien scott j. o'brien timothy michael o'brien daniel o'callaghan dennis james o'connor jr. diana o'connor keith kevin o'connor richard j. o'connor amy o'doherty marni pont o'doherty douglas e. oelschlager takashi ogawa albert ogletree and my uncle, damian. your big irish family loves and misses you every day, uncle d. >> and my father, david garcia. thank you to my family and friends and my girlfriend. you all supported me so much. dad, love and miss you very much. philip paul ognibene john a. ogonowski james andrew o'grady joseph j. ogren thomas g. o'hagan samuel oitic

we are joined by kathleen hays.his, bondell me markets have been under pressure in the absence of no big economic reports out of the u.s. , why are we seeing this much pressure on the bond markets? >> it is because the september to have which seemed been put on the back burner by the bond market, the benchmark about 2%.sing just now it is back over 2.2 0%, it seems like there is just a subtle shift. few days forast example, when we look at world interest-rate projections, you , theee that the odds now chance of a hike on wednesday, are about 2%, nothing. if you go to the december meeting, you can see that those the chance calculations are over 50% and they had been over 30% just a few weeks ago. what we are going to be getting out of this meeting, among other things, is not a rate hike, but over three months there will be an update to its economic projections. so, what will be focused and when it comes to that? if inflation has been running below target, one point 4% versus 2%, when we look at the fed up eating thes

guy: kathleen, how distracted will the president be by -- it works both ways.s going to be his priority? what happens in washington or what happens in north korea, because you wonder how the two will mix. onblems at home, you focus etc. etc., how do these work in the president's mind? ishleen: a lot of it circumstantial. we don't know what happens in north korea, so it is an unknown in that we know there is a potential for north korea to hijack everything we are talking about here with some kind of an that -- the think other thing to remember is that is a real potential, north korea could come in and steal the show for september. we saw that a couple of years ago with syria, the syria issue came up over the august recess and congress came back, we thought it would be about spending and the september 30 deadline ended up being a lot about syria. definitely the potential. the other thing is the russia probes will be gearing up again. that is another wildcard that could be stealing some attention, congress's attention depending on what comes out on that front. tho

will let's hear what from kathleen in plymouth, michigan. kathleen good evening to you. what he reading? >> caller: i'm reading robert robert -- my favorite poets and i don't know how familiar your audience is with him but one of the most poignant poems is the march of the dead. robert was from england and is a great writer. he writes, actually it's the army that is tidings coming back during the celebration but they are the ones that are parading through the streets. it's absolutely wonderful. anybody who has read him should read him because he's marvelous. >> host: what is the secret to writing poetry? >> caller: oh dear. i think it's the words and understanding what you are reading. >> host: all right thank you for calling and kathleen of plymouth michigan. villas in baltimore. hi bill. >> caller: hi how are you doing? i love booktv. i'm always disappointed that i've never seen paul turow on your television show. he has always been one of my favorite authors but i've recently stumbled across a british author who has written four books in the last one that i read this

. >> reporter: deep sorrow night combined outrage over the death of kathleen lebanz is 20-year-old with troubled driving history is charged. the family is did he crying a system that fully failed. cars race by a gathering of flowers on route 42 in washington township they mark the life and death of kathleen lebanz. >> i'll still in shock to be perfectly honest. i'll really haven't fully i think grasped the concept of not having her there for christmas. you know we always take a family picture and there's only three of us now. >> reporter: mother of two small children died at the scene when a truck crossed the median at the wheel 20-year-old robert gardner say police driving while suspended while under the influence with 3dui name.his- >> how does anybody look at this and say the system fully broke down and ended up with the death of this 31-year-old mother of two? >> that's the conclusion that you would come to in this particular case. >> daal top says p gardner's dui's law enforcement asked he be jailed but the court set him free only to do it again. >> he gets behind the wheel and thi

let's hear from kathleen in plymouth michigan, cap lane, good evening to you, what are you reading. >> right now i'm reading robert service, my favorite poet.ob i'm not sure how familiar you are with robert but one of the most poignant poems is the march of the dead. he was from england. he's a great writer. where he writes, actually it's the army that has died and is coming back during the celebration because they are the ones that are parading through the streets and it's absolutely wonderful. anybody who hasn't read him should read him. he is marvelous. >> what's the secret to reading poetry? >> so dear..>> cal i think it's the inflection and understanding what you're reading. >> thank you for calling in. that was kathleen.d bill in baltimore, high. >> are you doing? i really enjoy book tv and as i was saying, i've always been disappointed that i've never seen paul on your television show. he was always in one of my favorite authors. they've recently stumbled across a british author who has written four books and the last one i read was the tomb of the inflatable pig and that is th

of health and human services secretary kathleen sibelius had done the same thing with you have tough questions for her about it even if it was as you put it the opioid crisis or to get to san diego? >> the issue with the former speaker was a different matter. be that as it may we heard this criticism and very serious about addressing it, as the inspector general goes through his review we will cooperate. the internal review we won to make certain processes and procedures in place have the full confidence of the american people, so trust is not just restored but assured. leland: there's a lot of criticism about the trip to philadelphia when amtrak, driving off of work, understand there is a long review. would you say it is fair for you to come it not to use private jets until that is reviewed or are you going forward the way you have in the past and wait for their review? >> we have taken many trips in cars, sometimes four five hours at a time. these were 11 trips over a eight months period of time. again, this review is incredibly important and we want to make certain the processes w

kathleen hays has a look at that. they have been upset -- kathleen: they have been upset thing over dotplots. the fed has a summary of economic projections that gets updated every three months. how they get this, it each fmoc member makes forecast for deeply, unemployment, and inflation. in this snapshot, what they see leads them to predict the rate hikes for the next three years. by changing the dot, it can send dovish or hawkish signals. let's look at the chart. the median, eight dots. this implies one more rate hike this year and it can move to 2018, the median is smaller. but, five, that could take it up to 1.25. even more looking for more rate hikes. dotom line, even a couple changes down or up could change the markets. bloomberg intelligence is looking for that fmoc to lower. it means they can anticipate tighter later mark -- labor markets. they do not have to feel too much pressure to raise in place in. line, new faces on the board of governors, do future dot plots really matter? it puts a slightly different sp

we received his collection of materials from james andllivan's widow, pearl, her daughter kathleen in 1948. he had kept notes -- everything he had he kept. 1929, he started the columbia river development league, the idea was to promote the idea of the larger dam, the tall dam. he worked with local farmers and was able to get the support of the bureau of reclamation to support this idea and get government help. the columbia river basin commission started, and he was voted as the general secretary, which was the leader of this organization. his job was to go to the federal government and get funds. during this time of promoting idea, james o'sullivan had limited funding. he was on a shoestring budget. he was getting some money from these permissions who work -- from these commissions who were charging farmers. it was a grassroots effort until the state and federal government got involved. rooseveltranklin started donating $20 million, another28 million -- $20 million in 1934, another $20 million in 1935. they wanted more people moving to the area to establish it and not have it the away

kathleen, thank you.otiations, all smiles after two rounds, despite no major breakthroughs. this is bloomberg. ♪ yvonne: this is "daybreak asia," i am yvonne man in seoul. betty: i am betty lou in new york. the second round of talks have ended in nafta, without any breakthroughs. what about moving forward by the end of the year? the seniort is economist and director of trade and manufacturing policies that research for the policy institute. he joins us from washington. your piece is like putting lipstick on a paid -- what did you mean by that? robert: nafta is a set of rules designed to increase trade and investment between the u.s., mexico and canada. i think it is very difficult to achieve improvements in our trade with those countries, with the world at large, simply by changing the rules. in part, because the process itself was -- is flawed. there are hundreds of business advisors who work with negotiators and tell them what they want. most of what is in these agreements concerns roles regarding the r

haidi: it is, kathleen hays for us in new york.s asia have never been stronger, withholdings in many countries at record levels. enda curran has been looking at this phenomenon. why our asian supporting their effects reserve? enda: it is a very deliberate strategy. some are buying foreign currencies such as dollars. they are building defenses ahead of the fed meeting next week. the worry is, once the fed it shrinks its balance sheet, it may trigger volatility in emerging markets in asia. results in capital fleeing asia. when a central bank of international currency spends to defend its local currency, that is a key piece against alibaba volatility. the central banks, in the event there is market jitters. where used to this when it comes to china. where are we seeing the biggest gains? you look at india, they are on track for a record 400 billion, enough to cover one year of imports. significant, when you consider how hard india was it by the taper tantrum in 2013. we also see records and taiwan, thailand, south korea, indonesia. ch

maybe we can work around his promises. >> kathleen, good to talk to you as always. thanks for joining me. >> nice to talk to you. >> kathleen sebelius was the secretary of health and human services from 2009 to 2014 and former governor of kansas. let's have a quick look at the dow right now. this market turned down from the moment the end of daca, the repeal of daca was announced. the losses are gaining right now down almost 240 points. we'll talk about that shortly. >>> up next, hurricane irma is a category 5 storm packing 185-mile-per-hour winds. it's churning up the caribbean. we'll take to you puerto rico where people are scrambling before it makes landfall there. . a pilot like you should be serving your country. you're c.i.a.? based on an incredible true story... we're sending you to columbia. of the c.i.a.'s biggest secret. i have helped build the biggest drug cartel this world has ever seen. tom cruise. all this is legal? if you're doin' it for the good guys. [ police sirens ] no mas. no mas. [ laughter ] [ gun shot ] woo! we recognize the dangers involved h

kathleen. [applause] >> good morning, everybody. >> good morning. >> i'm kathleen, a woman in long-term recovery and what that means is i haven't used a drink or drug since generally 15, 1993. [cheers and applause] -- january. and maybe even more importantly, i moved into oxford house in the spring of 1994. [applause] which i really want to welcome everybody. i don't how much it takes for everybody to get here, for the chapters to plan for the houses to set aside money, for the individuals to dig deep in the pockets and to make that flight from the west coast, many, and those he came up from texas, so i know what it took to give yourselves a big round of applause. [cheers and applause] >> we do truly have an amazing staff at oxford house that is now over 100 i think, yes? 100 pics of those folks have worked very hard this weekend, this week and this weekend, but they work hard every day and we are grateful to them for going out there and creating new communities of oxford house everywhere. i ju

kathleen and tony are on our advisory council. curtis was actually appointed by our secretary to our opioid study task force, so he was not only representing oxford house, but voice of recovery and actually worked a lot on issues stigma and the biggest part of stigma having to try to talk to treatment providers, so that's a particular problem of airfield where we have a lot of different beliefs and we hold them very strongly, but we have to learn to work together, so i really appreciate what oxford house has done particularly in the last two years with leadership at the state level on all of our groups , so our chief justice who was the 0.8 of the group and now our attorney general has taken it up. big deal for the state to try to figure out how to improve the health of their citizens and our governor, governor cooper, is now on the president's opioid task force. we will be working hard to implement some of our strategic plans. i like what paul said this morning and one thing that's important that organization and house is one of

kathleen hays in new york. evidence in hong kong.actually up 17% in three days. core profit of 204% in the first half to $212 million. net profit also shooting up here it it comes off the back of several high-profile acquisitions. a take oner gives us this very good set of numbers. the figure is 1600%. that is mind blowing, but does include these acquisitions. >> the question is, is this a good set of numbers? i saw one analyst saying they thought it was an alarming set of numbers, and so may be when you see such massive headline growth and profit you have to think what is really going on here? the media briefing happening right now in hong kong, i think people will be looking for more clarity on what is behind these numbers. been a lot of acquisitions, massive acquisitions, huge deals. a big dealmaker, then suddenly and vaulted into the biggest category. are thetion is revaluations of those properties that have been acquired, is that what is driving the numbers? hascompany says core profit increased. when analysts do their own calcu

burns kathleen anne burns keith james burns john patrick burnside irina buslo milton g. bustillo thomas m. butler patrick byrne timothy g. byrne daniel m. cubberly a row. jesus neptali cabezas lillian caceres brian joseph cachia steven dennis cafiero, jr. >> into my uncle louie anthony williams. i can't believe that started in 16 years but the one thing you taught me was to be kind to everyone no matter who they are and i take that with me everywhere i go. i hope you are looking down on us and i hope to see you. >> and my aunt it's been 16 years. it's been so long and i don't know what you think anymore. we are trying too hard to be as intrepid and vivacious as you. we love you. richard m. caggiano cecile marella caguicla john brett cahill. michael john cahill scott walter cahill thomas joseph cahill george cain salvatore b. calabro joseph calandrillo philip v. calcagno edward calderon josÉ calderon. kenneth marcus caldwell dominick enrico calia felix calixte frank callahan liam callahan suzanne m. kelly. luigi calvi roko camaj michael f. cammarata david otey campbell ge

kathleen: absolutely. we were talking about the looming pileup of legislative deadlines and things that need to get done by the end of this month. we have just ticked the can down the road. some republicans feel like it is going to come up and have less leverage in december because there's going to be a lot of pressure for congress to wrap things up for the year, to go home. lawmakers like to celebrate their christmases with their families like everybody else. there's concern with republicans that the deal may give them less leverage. mark: five-year and james, just copy of and james, rates -- --her euro and james, rates bobby yell -- pushing this into the distance and kicking the can down the road. >> yes it is. we would know whenever there is a debt ceiling debate that it goes through the wire. the issues with hurricane harvey that it was very unlikely that we would end up with a big standoff. trump did the sensible thing was -- thing which was to roll out three months. he wants to get tax reform going .

. >>> coming up, former kansas senator kathleen sebelius will join us with her take. >>> now the warrds between the white house and north korea heating up big-time today. eam eamon javers has the latest. >> reporter: hi, kelly, here's the comment from the north korean foreign minister earlier today that the white house says is simply absurd, north korean foreign minister holding a presser in new york city, saying "since the united states declared war on our country we'll have every right to take countermeasures including the right to shoot down the u.s. strategic bombers even when they're not yet inside the airspace border of our country." sarah huckabee sanders, white house press secretary, saying it was absurd to suggest that the united states has actually declared war on north korea as the north koreans did today. she also went on to say this >> it's never appropriate for a country to shoot down another country's aircraft when it's over international waters. our goal is still the same we continue to seek the peaceful denuclearization of the korean peninsula. that's our focus doing

kathleen: that is the thing to watch.ona speech a month ago and people thought, that will be about immigration and he came out and torrent all of these tissue she's -- issues and it was bombastic. that is the element to watch. we know what trump looks like when he is at a campaign rally, what he sounds like, what he sounds like when he is speaking to supporters, when he addresses congress, and it will be interesting to see what he sounds like when he speaks to the u.n. group he didn't have a lot of high regard for in terms of his comments during the campaign and so -- i think he called it a good time club -- it will be interesting to see whether he shows an amount of reverence towards the group or deference towards the group and tries to appear as more of a traditional diplomatic world leader on the diplomatic stage or the trump we have come to know. let's talk a little bit about health care. the senate republicans are having another go. this time will it be different? kathleen: i keep calling it obamacare's last stand. i

congress reporter kathleen hunter.eter chatwell from mizuho and peter toogood from embark are still with us. kathleen, what was the reaction from washington because i was getting the feeling that though globally there might have been a little shock, washington thought it was unusual. kathleen: i think folks who have watched trump this last year from washington were not that surprised. the script was certainly bombastic and had some colorful language in it. but it definitely -- he did not go off script like he did in the arizona speech last month, when he went on and on about charlottesville in that case and did not talk about the topic he was there to talk about for the first 2/3 of the speech. i think there was a shrug reaction in washington. people were certainly interested in what he had to say and the korea rhetoric got a lot of attention on twitter, but people were not surprised about the tone. nejra: over the next week or few weeks, this beach was obviously important for diplomacy, but tot will be focuthe focus t

kathleen: but they are doing well. gdp growth up six quarters in a row. years, you are exceeding on growth, and maybe something has changed to the degree that -- does inflation matter so much? japanese households like low inflation if you have the growth. >> two things, one, 4% growth is good, but i don't think 4% growth can be sustained. probably around 2% growth we can attain this fiscal year, and even in the next fiscal year, close to 2% may be possible to attain, but 4% growth is somewhat unusual, but i am quite sure that this 1.5% to 2% growth can be sustained in the coming years. ♪ >> i think we have been consistent on the strategy of looking at the economy, our medium run outlook, moving a little preemptively in terms of we don't want to wait until both of our goals are met. we have learned over time that is not a good strategy. we have been gradually moving. i think the gradual part is very important. we are well below what a taylor rule or other rules might tell us where we would be at this point, so we have been patient, gradual, and i think it

we've got virginia, sarah and kathleen. good evening, ladies. how are you doing? >> good evening.we're in san juan. >> i bet you are. you and your friends were rescued by captain hall. what happened? >> well, we had to -- yeah, that's our bedroom right there. we had to evacuate from a couple of different areas from the actual unit we were in. we were in the living room first, and that's the ceiling. it blew off, and then we evacuated to the bedroom, which also blew off. you can see there. so we wound up having to evacuate down stairs. there was a connecting stairway between our unit and the unit down stair. and we went into the bathroom down stairs with a woman and her two young children. so the six of us stayed in that bathroom down stairs with the door barricaded with a mattress until the eye of the storm. and then during the eye of the storm some people came by and were starting to yell is there anyone in there, and then we were able to get out of that unit through her bedroom window and go into a little safer unit with probably another, i don't know, five families. >> wow. >>

so i'm proud to say that i just checked with kathleen -- kathleen lives in north carolina, but we don't care. we want her and we're keeping her. we have 239 houses as of today. that means we've started -- we started building those houses the day paul was talking about the requirement grant, the block grant. we are one of the states that still has evolving fund. i have to say we keep adding money to it, but that's okay. that means we're opening more and more houses. i want to talk about how oxford house is part of the solution, particularly in our state and i hope it will be true in other states. like kathleen and tony on our advisory council, curtis was actually appointed by our secretary to our opioid study task force. so he was representing not only oxford house but the voice of recovery, and actually worked a lot on the opioid stigma, and the stigma happens to be trying to talk to providers. so that's a particular problem of our field where we have a lot of different beliefs and we hold them very strongly, but we do have to learn to work together. so i really appreciate what oxford h

kathleen: not really.le suggestions over the last few days but nothing members of congress have coalesced around. obama acted unilaterally because congress could not come to an agreement. ceiling, dothe debt you tie to harvey or not? kathleen: that is what the white house would like to see and it remains to be seen whether that will happen initially. the harvey the house will vote on tomorrow does not include the debt ceiling. mark: the spending measure, is it tied to building the wall? kathleen: how many other things can we pile on? or is a deadline coming up at the end of the month so they have to deal with that as well and if trump is demanding money for his border wall which the democrats will not stand for, have to see where that will go. mark: what is the perception of trump, how he has governed during the harvey crisis? kathleen: i think he has definitely met the bar, but it is not a very high bar in terms of what he has had to do. the real challenge starts now in getting the aid through. innandini

tom: kathleen fisher with us.ing up good the victims for our fed special. michael mckee will be in washington and he has questions lineup for chair yellen. us, what awill join perfect time to speak to the former vice chairman of the fed. this is bloomberg. ♪ francine: this is -- fundr: london hedge manager is calling it quits. closing the collector got asset management -- closing eclect ica. we will bring you an exclusive interview with hugh hendry coming up. accordingests in lyft to people familiar with the matter. also google is an investor in uber. over selfs being sued driving technology. must doesn't see another tech bubble on the horizon. alibaba marks the 18th anniversary of its founding. >> the infrastructure of the internet, infrastructure of technology is much better than 10 to 15 years ago. if you are not that greedy, if you're not that stupid and crazy, it is easy to survive today then yesterday. in ar: you can watch special later tonight at private clock -- tonight at 5:30 in new york, "alibaba: the g

kathleen hays here with more, and we have got now a fed president doin dueling over inflation.n: it is not surprising you have a couple of perennial does standing out -- doves standing out from the consensus. earlier of course, we saw bill dudley. he thinks this weakness in inflation will be temporary and he is starting to see effects from things like changes in mobile phone contracts. he helped push the year-over-year rate down. fedpresident of the chicago , also customarily a dove. bill dudley.d with he is not convinced the inflation leak is transitory. he wants to see a clear inflation signal. now, this evening, in the u.s., we have minneapolis fed president neel kashkari, also very dovish. saying he does not see a need for rate hikes. you are talking about a town hall meeting. he is in the same position now. let us listen. the was the only person in room voting against the interest rate increases. economy, i do the not see any signs the economy is close to overheating. i do not see inflation taking off. i see no need to tap the brakes. but it is a vote. >> i want to real qu

[laughter] betty: kathleen, thank you so much for that.aidi: let us bring back into the conversation kristina hooper to get her thoughts on the fed meaning and the implications when it comes to the treasuries market. kristina, i just want to show throw out this quick chart. 4010 on the bloomberg. you have in the red those in the recessions. qe2, and qe3. how expensive and extensive qe3 has been and how you imagine the unwind would be as well. what do you expect us to do to u.s. markets and is it also another kind o spanner in the ? kristina: my expectation -- another spanner in the works? kristina: what we are likely is the tradinged something so gradual and thoughtful. especially since they allow themselves a little escape hatch in the plan they released in june, such that if economic conditions change enough, they for ae send assist qeing and continue to reinvest. that ise enough, thoughtful and deliberate enough, and there is enough think the hatches involved -- enough safety hatches involved. we might see initial hesitancy and concern