kathleen: i'm kathleen hays in new york.alogue wrapped up with british financial services. standard life everything chairman jerry greenstone was a leading figure in the delegation. speaking to bloomberg, he explained how western asset-management in china will rise growth for the next decade. >> just last week, we were given approval to start operating asset management business in china. we got napoleon foreign enterprises a year ago. we now have permission to start business. that business will be manufacturing and selling investment products in china. it's potentially a very important development. two years ago, they welcomed an application from us to get pensions license in china. this would make us the first four company to have a pet -- foreign company drive a pension license in china. complicated by the fact that the has no chairman at the moment. thingsanization of these takes time. >> that asset management side of the business, are you adding headcount? >> the growth prospects derived largely from the fact that chines

kathleen: none. i don't believe in them.pend as much time as i can with my 2.5-year-old daughter. julie: good call. ira: i want to learn to kick a soccer ball with my left foot. julie: my thanks to kathleen gaffne, julien scholnick and ira jersey. this is bloomberg. ♪ >> welcome to bloomberg businessweek. >> we are inside headquarters in new york. movement takes roots in sweden. >> the former indiana governor take the budget deal to purdue university. >> and life lessons shaping the way he loves -- runs microsoft. t-rex we love that story. all ahead on bloomberg businessweek. ♪ carol:

kathleen: none. i don't believe in them.pend as much time as i can with my 2.5-year-old daughter. ira: i want to learn to kick a soccer ball with my left foot. julie: my thanks to kathleen gaffne, julien scholnick, and ira jersey. this is bloomberg. ♪ julie: i'm julie hyman in for scarlet fu. this is "bloomberg etf iq." this is where we focus on the assets, risks, and rewards offered by the universe of exchange traded funds. ♪ julie: 2017 saw a record year of low volatility. as we look at 2018, our guest says it will be the year of the hedge. plus, we talked to the man behind most recent vice etf. it focused on alcohol, cannabis, and tobacco. and we drill down into pbj, the etf that offers you a chance to inv

kathleen: none. i don't believe in them.pend as much time as i can with my 2.5-year-old daughter. ira: i want to learn to kick a soccer ball with my left foot. julie: my thanks to kathleen gaffne, julien scholnick and ira jersey. ♪ cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. julie: this is "bloomberg etf iq." we focus on the assets, risks, and rewards offered by traded funds. ♪ julie: 2017 saw a record year of low volatility. as we look at 2018, our guest says it will be the year of the hedge. we talked to the man behind most recent vice etf. it focused on alcohol, cannabis, and tobacco. and we drill down into pbj, the etf that offers you a chance to invest in the food and beverage industry.

kathleen: i am kathleen hays in new york.e are moments away from the final reading of gdp for the third quarter. the figures are higher. the stronger path to consumer spending may be pushed upward suggesting the economy is stronger than thought. joining us from tokyo is the chief macro strategist at -- it is great to have you back on daybreak. what is your forecast? what is the biggest driver for the japanese economy? that gdp datak will be revised slightly upward. one asset is strong exports, but we have seen -- capital spending and consumption. kathleen: consumption was doing well and then it pulled back a bit. what are you looking from the consumer? is there some potential adjustment in the numbers that could affect whether this number beats or falls below the forecast and expectation? guest: it is really difficult. it is kind of a change of the way of estimating the gdp data. but the cabinet office put more weight on the supply-side data. that could be read as an upward revision. kathleen: what about what this means for a

kathleen: none. i don't believe in them.pend as much time as i came up might do .5-year-old daughter. ira: i want to learn to kick a soccer ball with my left foot. julie: my thanks to to ♪ >> is 1:00 in washington. from bloomberg's world headquarters, i'm david westin. shery ahn is on assignment. welcome to "bloomberg markets: balance of power<" where we focus on where business needs government. taking the hit. goldman sachs says it will make $5 billion less in the fourth quarter as it books the taxes on money it will bring back into the united states under the new tax law. comments returns next week to face a pile of work. what is it really like in an election year? and making those numbers work. two more saudi princes released, those remaining they have to come up with more billions in fines. ♪ david: let's start the market check and where the markets stand. taylor riggs is here with the latest. taylor: it is looking like we are a little lower today. mostly unchanged. the

-kathleen: he doesn't? -lemonis: no. -kathleen: okay. that you haven't come, from two perspectives. one is, i'm annoyed that you haven't come. but i also feel bad that his mom hasn't come see him. kathleen: right. lemonis: a mother telling her son that she's proud of him goes a long way. -kathleen: i should go do that. -lemonis: let's go back inside. kathleen: thank you. ♪ lemonis: so, i wanted to talk to you guys about the yogurt bar and why i like it and the concept. as we kind of looked at the economics and the cost to build out, we weren't getting enough hours in the day of business. and so this yogurt concept really came out of, we already have the rent, we already have the labor. we already have the lights. we already have the management. we already have everything. what else could we add to the ticket, add to the line-up that would allow people to spend a little bit more or get to them to come earlier or later? the idea came to me based on the recent phenomenon of greek yogurt -- to introduce yogurt onto the same line with the sam

kathleen: right.there's a lot of excitement about the sec may be getting rid of the exemption release order, making it easier to create etf's. is a speeding up the approval process a good thing? or could we get too many etf's? you will get a lot of headlines but they can't last. kathleen: but you look at them anyway. as if they will take a while to go through the exception process or it will be quicker and it won't have an exception process to go through. either way, all of those things will be introduced, and the question is, do they survive? scarlet: why is that? kathleen: because there are a lot of sponsors who believe their special sauce will capture they want to present their product to the world. scarlet: do you think we are at peak etf? are we in a bubble? kathleen: i think people are endlessly inventive, and we will always have new ones. scarlet: what would be the next etf? you have been out front of so many different products, whether it was advocating for the bitcoin etf, what could be next?

kathleen: i'm kathleen hays in sydney. with us is making to explain to us why the tax cut will have an impact on the economy. mistaken, you not say your growth forecast is now closer to 3%, it is now considerably higher for gdp next year than the fed's. if you listen to janet yellen's last press conference, they have held back. we are going to wait and see what happens. now we know what is going to happen. are we going to start hearing different comments? change of views from fed officials if and when we see the tax cuts go into effect? >> i don't think we will hear comments from the fed right away. the fed did increase its 2018 forecast from about 2.1%-two .5%. they had a falling back back to 2.1%, which they concede it is temporary. it will have clear impact lifting sustainable growth. the fed is data dependent. when we start to see the stronger economic growth. keep in mind, this tax reform package comes on top of an economy that has momentum with significant, very high levels of confidence. when the fed does start seei

anna: kathleen, thank you so much for your kathleen hunter with the latest that has been happening on capitol hill. ben ritchie is with us. let's get your thoughts on the politics. what does this mean for investments? does this all go into corporate and it increases eps? buybacks?used in does it boost the underlying growth story to the extent president trump thinks it will? ben: on the last one, i don't think we are going to get 6% next year, but it might make a reasonable contribution if it is all passed. our economists are expecting to see an increase. asbably not the full package we currently see it. depending on how that comes through, there could be some upside to expectations at the corporate level. yes, we are going to be seen corporate tax rates come down in other countries, and that has translated into higher profits and potentially more distributions for shareholders in syria and the potential to invest more as well. kathleen: we have seen equities running away so strongly in recent weeks. and yet, inflation expectations have not taken off. some would suggest that means ther

kathleen: let's look at rob kaplan.out the yield curve, which has flattened so much. the selloff reduce did a bit. he was asked if he was concerned, sounds like he is. >> i am worried about it, too. we need to watch it. meaningful.240, is the history of inversions tended to be a reliable forward indicator of recession. 1353.en: g #btv some pretty steep inversions, if you go back to the 1970's. in version, recession. we are not inverted yet. that is why they say they are not worried about the yield curve. rob kaplan says there on the fence about hiking rates in december. interesting to hear him expressing concern. neel kashkari talking about the fact, you should not raise rates until you see 2%. wait for wages to rise. it is dangerous for the fed to do this. he has said this many times. repeating it today when he spoke to bloomberg television. betty: i want to turkey the bank -- i want to turn to the bank of korea in a minute. did we learn anything new? you look into, their minds a little more. november 30 they raised th

kathleen: this is something the fed reserve is watching closely. at this point, still downplaying it pretty much. they came through as they said they would, the consensus. the majority says one more rate hike. remember how many times we heard that? it stands at 1.5%, a range from % to 1.5%. they updated their summary of economic projections. that is where these dot plots come from that we are showing you now. , second from the left of your screen, six dots go read across. that is the consensus. you can see this dispersion. people, dribbling down there, looking maybe for two or less. what is driving this? it boosted the forecast a bit for 2018 and 2019, putting together 20.8%. they see a medium-term far away from the inflation target, eventually going to rise. let's listen to how janet yellen summed up the forces driving them now. chair yellen: compared with the projections made in september, real gdp growth is a little stronger. the unemployment rate is lower, and inflation is essentially unchanged. participants generally identified changes in tax

kathleen hays here with a preview.ke it will continue to be this long stretch of doing nothing at the rba. kathleen: the reserve bank of australia, that is what they are becoming very much known for. in a row.s they have done this three times in the past, going back to 2002. #btv 6084, and what you can see, they call it lazy days. maybe they get their policy right and communicate the right things to markets, etc.. here is a long stretch on world back in 2003. another one of these long stretches to 2013 to the end of 2014. and here we are now. 15 minutes, meetings in a row. you ask yourself, is the reserve bank of australia on indefinite now? let's look at the crosscurrents of what it is the rba is dealing with, and what's keeping it on hold now. let's call up that list. as you know, australia is facing very high household debt. that would be one reason you would not want to raise rates. you don't want to make it more expensive for people to pay off that debt. the labor market a stronger. that might be reason to say, we

kathleen: it is hard for him to ignore it.committee wraps up, he needs to talk about what is going on. had 3.1%.nflation, we that is the highest since 2012. v5339 gives us two chords. look at the white line, which shows inflation rising highly. economists expect it to pull back a bit as the economy gets through it. meanwhile, look at the blue line. that is wages. faster thaning wages is not good for people working or paying their bills. mark carney will have to give an assessment of the brexit impact. they expected to be fairly neutral. at this point after the rate they may holdh, in see how this plays out. economists are saying that late-2018 will be the next time they move. and mr.r. draghi jordan, what will they do or not do? kathleen: no big changes for the ecb. the question is, will they give us more details? they extended bond purchases until 2018, but will they refer further details? will they get them lower? this remains to be seen. 87 to seeick look at 11 why mario draghi is so cautious. it is so far from the ecb's ta

kathleen what do you mean by : policy room? the lehman federal reserve as well as the european central bank could reduce short-term interest rates by about 4%. but at that time, japanese interest rates were already zero, so there is no way to address the situation by way of traditional monetary policy. huge had to resort to quantitative easing. so i think we need to attain 2% inflation target. if it is kind of the global standard now. kathleen i'm asking you, maybe : global central banks have to rethink this. everything is hitting inflation targets, and the world has changed, maybe. >> there's that argument, yes. among economists. but still, i think the federal reserve and ecb, aiming at to 2%ing 2% or as close inflation target as soon as possible, and that, i think is quite reasonable. so the bank of japan, too, aims at achieving a 2% price target. rishaad: much more ahead as we revisit the top interviews from bloomberg's asia coverage in 2017. up next, bloomberg editor in chief john mickelthwait talks with wang jianlin in dav

and thank you, kathleen hays.up of that story to get your day going in today's edition of daybreak. subscribers go to dayb on their terminal. it is available on the anywhere app. you can customize settings. this is bloomberg. ♪ ♪ one of the most anticipated ipos may be from tencent investors. they're streaming and downloading unit is seeking $1 billion in its ipo. here is selina wang with more details. why is tencent taking their music unit public? this will be one of the most highly anticipated ipos next year. it is excellent timing for tencent. they are solidifying their lead in the digital streaming music market in china. the market is maturing. tencent is the most dominant player in the country. they have proven to many people, this would have been unheard of years ago, people in china are willing to pay for music content and business and industryware had likely been pirated in china. it unlocks more value for investors and allows the subsidiary to strike more partnerships and deals. tencent stand is in t

kathleen: that's a good point.omists think, if you're cutting taxes, don't do it to stimulate the economy, it looks good. the fed has also discounted how much tax reform would go through and not change the forecast yet. the bond market, how do you figure out what the bond market is telling us, and will the trend change to a flatter yield curve, which sometimes has portended recession? 1652 is the chart, you don't even have to look at it, you can see it in your mind's eye, i'm sure, we have this flatter and flatter curve no matter where you look. as a stocks rally, loving the tax cuts presumably, what our bonds going to do? we have the selloff on flynn. mean, the rally on flynn, will they start selling off on the tax cuts? this really doesn't speak to the attention we see in our own forecast, and clearly identify a strong global economy, we have fairly optimistic views for 2018. however, this is an aging business cycle and getting fairly old. you can see that at how much economics like is around, how narrow credit s

kathleen hays is here.k off as we can see is returning, and bonds are up. >> it really hit like a kind of bricks. that werestocks looking at the isn manufacturing numbers, waiting on the latest of the tax plan. then the headline hit the tape . a wild week indeed as events in washington, the development of the tax bill and more. the bond yield low at the beginning of the week, 2.34%. as word spread that this is going to work and they will probably get the tax cuts 2.43d, the selloff of over percent. this is where the headline hit on friday, december 1, that michael flynn was pleading guilty. you see the drop down to about 2.31%, it is still rate -- trading around 2.36%. that shows you how dramatic it was. let's talk about the manufacturing numbers. here's something feeling a big rally. you saw bonds were selling off a bit more. here's one of the reasons why. survey,manufacturing purchasing managers survey. the number went from a little line,tter, the blue 58.2%. it did improve. well above 58, that's the poin

kathleen: i'm carol massar. julia: and i'm julia chatterley. these are the men and women whose come -- accomplishments defined 2017. the entrepreneurs who may make ways next year. business work 50 starts right now. ♪ carol: we are here with the editor in chief make and murphy. love this issue and the people you write about. what is the bloomberg 50? megan: this is the first time we have ever done this. when bloomberg thought about it, we thought, who were the 50 people that defined this? it is always the same people on this list. we thought, what if we did this differently and looked to find the people you have heard of. you are not going to have heard a lot of them, but who really changed the way you think, what you do, how you conduct your life or business and will be trendsetters in the future. we are really excited about the names on this list. julia: they certainly defined something in 2017, rose mcgowan and ashley judd, talking about harvey weinstein. landscape inthe media, and politics in 2017. at thise were looking issue and the wave of

want to give the congressman a chance to respond. >> thank you very much kathleen. and i don't differ with you about the role of african-americans in making america great. i don't differ with you about the notion that the democratic party has not done all that it can and should do for a loyal constituency. you did not mention it but i would not differ with you if you had said that the republican party ignores democrats. one takes us for granted and the other ignores us. i would not differ with you on those points. i would also add to you you are right, democrats are loyal. they are loyal americans. we are the once who made cotton king and america great. so we don't differ there. here is where i would share some information that you may not find favor with. the facts are president did say there was some very fine persons in charlottesville who were neo-nazis, bigots, person whose were not the kind of people, if you will, that will make america great again. the facts are that the president has called a member of congress wacky. has said that professional football play

kathleen: how about corporations? what does it take to convince them, because they can see the jobs opening is getting more tight. we have low unemployment in japan, and this notion that government japanese is suggesting tax rate cuts could be tied to whether companies or going -- are going to boost wages and hire more workers. is that a policy that maybe doesn't change the world with inflation expectation,, but could it make a significant difference? masaaki: that is a right direction, but i think that is not enough. japanese corporations are not the growth rate of the domestic market will not be much more than previous decades. i think further dinner -- deregulation is needed, including the labor market, so the japanese corporations need that as the view growth rate of the japanese economy will be significantly will equally -- the capex, and it is increasing, but not as fast as we originally thought. as a result, the corporations still accumulate the cash holdings, but that is no good. anyway need to be convinced th

kathleen: the picture has turned more mixed.der pressure and it has been lagging. given the moderating economic data that we have seen of late, latestday, we had the people he i november signaling that markets me -- profits may be easing. havea look elsewhere, we malaysian stocks under pressure but benchmarks are being taken higher by sydney as well as hong kong. aussie shares are at a generate, 2008 high. the nikkei 225 close out the mornings session with little change. -- tokyo stocks are also being dragged a little bit. the hong kong dollar, the currency is weakening to a three-month low, and chinese stocks as well. back fora mixed equity markets today. rishaad: yes, the de-leveraging campaign in full effect, we have so many different views on this. just today we had a world bank saying that the de-leveraging campaign could see economic growth moderating in the next two years for china. given this umbrella of concern we have had regarding this leveraging campaign, shanghai shares have lagged as well as offshore chinese shares

kathleen: it sure is. people found this surprising. ecb was updating its forecast for the future. but it is clear, mario draghi and his colleagues do not see inflation picking up much oomph. by 2020 bases inflation averaging only 1.7% year-over-year, under the 2% target. that is why they kept their key rate unchanged. they did not make any additional changes or shifts or explanations to have a shift the bond purchases next year. mario draghi at the presser after the meeting made it clear. he said price pressures are still muted, there is little sign of any upward momentum. here is what he said it means for policy. >> an ample degree of monetary stimulus therefore remains necessary for under flying inflation pressures to continue to build up and support headline inflation developments. 1187, showingtv us confidence on inflation. but it is a long way away, under 2%, the ecb's inflation target. looking at core inflation, 0.9%, year-over-year. let's move to the bank of england. they kept their key rate unchanged. what was interesting, in t

and we want to thank kathleen hays.and the days big newsmakers on bloomberg radio. check in with "daybreak asia." you can also download the app or access the of bloombergradio.com. this is bloomberg. ♪ betty: a quick check of the latest business flash headlines. short seller carson block has a new target, focused on it chinese stock that went public in july. -- they saylete they make money from lending, but block says almost none of its business is real, and the only person taking out loans is the chairman. the stock sank briefly but then recovered strongly. >> china internet nationwide financial services, just in the name, the only thing accurate about that is china. there is nothing internet about it, nothing nationwide. and from our vantage point, this thing is a complete fraud, a total zero. yvonne: blackberry sores of the most in almost two years after reporting record software revenue, and saying for your sales at the top of forecasts. they bailed on enterprise software and services, rose 11%, to $97 million in th

kathleen: the thing is, if they had the votes, they would have voted last night. they do not have the votes. when you have the votes, you vote. the fact they punted it until this morning is not a promising sign. they have already been trying to lower expectations by saying votes can do want throughout the day today, they might go into tonight. i would not be surprised if this goes into the early hours of saturday. ted cruz now has some concerns about it. there are conservative republicans that are voicing opposition now. questiont is a really at this point whether they are going to have the votes at all. , likels a little deja vu obamacare repeal all over again. maybe they will be a multiple it together this time, but that is an open question at this point. matt: i was also thinking of the comparison, i am old enough to remember when ronald reagan was cutting taxes and everyone was freaked out about what it would do to the deficit. or 30% ofht us to 25% gdp and now we are at over 100 when you look at it. it is understandable where the concerns are coming from. les

more from kathleen in an hours time. max, great to have you with us. i talked at the top of the show about the combination of tested cheer and this tax deal. the dollar, a different story. what signals are you picking up from this tax story? >> there are two things. the equity market reacted in a pretty good way already. are reactings, positively. for 2018, even expected earnings for 2019, some might argue it will not be baked into expectations. it will only be in 2019. there hasn't been anything happening yet. it has been solid on the ground, but no real uptick yet. ic yet.eal optc for the dollar, it is a different story, because what we do see there has been a sensitivity for longer-term rate differentials. there we have not seen that happening. it has been moving in favor of u.s. treasuries. two-year treasuries were moving much higher. that is why the dollar has not reacted. anna: the central banking story -- >> i think it is the opposite. the central bank story on the two years, the market has started pricing more and more fed rate hikes. for the d

a very busy week for kathleen hunter. we are minutes away from the open., we will talk about a cyber battle that may have been decided already. outbid for gemalto by tim craighead -- by thales. ♪ ♪ , the board has built a -- the board has backed a bid from tim craighead --gemalto, the board has backed a bid from thales. guy: watch ig group this morning. on what is happening with equities generally. there will probably be a tax effect coming from the u.s.. aian equities have been on strong session. here in europe, the fair value regulations point to a strong start to the day. this is bloomberg. ♪ ♪ guy: we are one minute to go until the start of cash trading in europe. watch the u.s. tax at that story -- watch the u.s. tax affect story. you have seen it in the nikkei this morning, appeared -- you have seen it in the nikkei this morning, a. the s&p up by 9/10 of 1%. a solid backdrop for the start of european trading this money. we might get some clarity over the next couple days as to what britain once at of brexit. in terms of the fair value regulation on t

scarlet: that was my conversation with kathleen moriarty.oin us for bloomberg etf iq, the show solely focused on etf's. catch it on wednesday it 12:30. julie: and this would be a frequent one on the show i would think. there are something like a dozen filingsifferent related to blockchain, bitcoin, futures, underlying. scarlet: but as kathleen said, the sec needs to see a track record more in the futures market before they make a deliberation. once it happens, it could happen quickly. once they approved the first one, it could be like boom, boom, boom after the filings come in. julie: and eric seems to think twins'e winklevoss exchange could be the first one approved. kathleen seems to think a link to the futures is more likely because they have the underlying regulated market. scarlet: that is what gives the sec pause. it is an underlying unregulated market. julie: the market structure is all -- we make it up as we go along. scarlet: we are. it is exciting, but risky perhaps for investors. julie: perhaps. it is time for the bloomberg busine

thank you, kathleen, jerry and mike for your presentation. i would like to kick off this part of our discussion by asking you three in particular how your institutions have worked with employers in your communities and/or areas of influence and impact to ensure that what you are offering is matching up with in meeting the needs of employers and what barriers have you faced in that regard as well. >> we have a career development with advisory board in the school of nursing, school of engineering that's pretty well tuned in to the region of southwest missouri northwest arkansas where most of our students will end up. because of the nature of the school we find many employers want to hire these kids because they will tell you may know how to work. i remember one banker who said i will hire one of those kids first and i can teach someone how to do banking, but i cannot teach character. >> each of the short term accelerated career training programs we offer was specifically requested by our local employers and a designed in collaboration with thos

ask kathleen to comment on that? i know valencia has been very intentional about the experience with in high school and what the success has been. have been very intentional, particularly in expanding our dual enrollment whortunities for students may have not otherwise thought about the possibility of going to college. ande is a lot of research indicates when students get the first successful college experience in high school, they are much more likely to continue to college and her degree. in addition to that, we are working hard to expose young students to potential career possibilities that they otherwise might not have realized were options. how do you get a child to think about a career in? how to get them to think of a career in electronics? in addition to having field trips to our traditional campuses to see traditional college classes, we also have going buses third-graders to the investment factoring training center so they can see what mass manufacturing is all about. we have really great simulator equipmen

thank you so much, sara, it's good to see you, kathleen.for this edition of andrea mitchell reports. craig melvin is up next. happy election day. >> happy election, my friend, good to see you. craig melvin at nbc headquarters in new york on a busy tuesday. a sexist smear. senator gillibrand firing back at the president, after president trump calls her a flunky who would do anything for campaign contributions. senator elizabeth warren backing up her colleague, taking it a step further even, accusing the president of trying to slut shame. >>> also, judgment day. right now, polls are open in the alabama senate race. we're live on the ground with reporters and analysis. also, what the campaigns are watching for. the big names called in to win over voters. and a horse named sassy. on the offensive, president trump's lawyers want a new special counsel. why they think it's time to turn the spotlight on the fbi. we start with president trump. and

kathleen: the senate passed their tax bill a week ago. house and senate have been working together to negotiate the differences. once they reach an agreement, that agreement has to be agreed on by both chambers. the question is, will they have it in hand when the president speaks. closingcases, the argument would make the most sense. it is unclear if that will be the case. just getting up and making an argument for a theoretical tax bill. we might not know the details at that point. guy: the sticky points are becoming clearer now and one of those appears to be the high tax stake there is a lovely piece on the bloomberg talking about the fact that wall street is getting behind this as an issue because it will end up affecting new york, new jersey, etc. chances -- how does that get done? how do they fix that issue? kathleen: there is so much momentum behind this tax bill right now that some of these details -- there is a difference between how they would theoretically work it out and how they would actually work it out, given they are under

kathleen: they seem to be more high level policies. kathleen, good morning to you.ho are the senators we need to keep an eye on? casteen: it's kind of the of characters we are used to looking at it comes to every time the tax proposal comes up for a vote. or when they were doing obamacare repeal, it's a similar cast of characters for that. keep an eye on marco rubio, who is from florida. susan collins from maine. they haven't quite said how they would vote and have not said exclusively they would withhold their support from the latest proposal that was tentatively agreed to yesterday. but they've not given their support outright for it either. along with senator john mccain, who you recall was the final boat that put the knell in the coffin of obamacare repeal this summer when that went down in the senate by one vote. charactersthe main to watch, along with other republicans on the risk -- the more conservative side like ted cruz and rand paul who can throw a monkey wrench into the mix. some phrases will stick in my mind and that is one of them for 2017. lasthile, i

people cheered as the uniformed firefighter walked up to kathleen and dropped town on one knee.rockville christmas tree and ice skating rink as a backdrop. >> kathleen said yes as they captured the so-called box alarm proposal. captain james has been a volunteer for 14 years and they stress that all equipment and the personnel were available for the emergencies the entire time. or warmest wishes to the couple. kevin lewis, abc7 news. >> the fire department emphasizes that the proposal did not cost anything. just a lot of love. you have to make sure they are going to say yes. larry: this is a great story. betty the cat spending christmas with her family. she got stuck in the chimney friday night. after the authorities said when they were told the cat wasn't injured they couldn't help. so a neighbor used a camera to find her and lured her to climb through. nancy: a cat is going to cat. >> the ground crews removed a large section of 200-year-old tree. the jackson magnolia the white house siz the cable system used to support the tree is also failing. >> they are auctioned off after

kathleen hays has a preview.ith the restraint gdp numbers. >> we are expecting a good number. the rba that, holding rates , holding rates steady. they see a stronger economy, but reasons why it won't get stronger quickly. what is the number? 3.0% is what the forecast says and what the rba is forecasting. let's take a look at a chart that puts this into perspective. 1.8last two quarters, percent, not bad, but 3.0% looks better. it did just about a year or so ago. what is driving gdp higher? scenario, exports rising, mining investment slowing, but that slow down is starting to ease. non-mining investment is picking up. hiring momentum increasing, and that is boosting spending. one big negative we talked about his wages. wages are not going anywhere. this is 8743 on the bloomberg. you can see it in black, white, yellow, blue. the wage price index flat. at 1.5%,ash rate record low. graduallye cpi is decelerating. that's another reason why the rba is in no hurry to signal a rate hike at this point with inflation weak.

kathleen hays has the lowdown for us. you, who are for they, and why them?those are two good questions. two georgey, these w. bush-era economist that the wall street journal appointed on today. was an assistant treasury secretary 2002-2000 three overseeing economic questions for the white house, then joined pimco as a money manager and advisor. he continues to do that job. since theniversity 1980's teaching economics. he is a well-respected scholar. --writes all kinds of fairy very detailed articles and is considered a true monetary economist. has also been at pimco as a money manager come a bond portfolio manager, things that rich would be a good choice. being an expert on the issues of monetary policy is important. think about ben bernanke, who is an advisor to pimco. he understood the great depression very well. it is important in terms of where monetary policy could fit in and what it could do. >> another economist is in the running as well. lawrence lindsey. he was one of george w. bush's top economic advisers 2001-2002, instrumental putting together th

kathleen: yes. you had mozzarella sticks...onna take a trip to greece this summer, and i'm looking for tater tots, cheese sticks, cheddar balls, mushrooms. hummus isn't greek. but what baffled me even more is that the owners, mike and kathleen, were able to convince five other people to buy into this concept. and all these franchises were really struggling. we have yet to make money. the only help we ever got from them was on the first of the month, they came and picked up their royalty check. i'm a single mom. i can't support my family. the original deal was for me to invest $350,000 and own 55% of the business. and so the goal was to help out the franchisees and come up with a whole new concept. now, let me be brutally honest about it. i really didn't use anything from their business. we started over completely, and we created a fast-casual, quick-service concept, and i changed the name to the simple greek. i can one day come and have a pita sandwich, another day come and have a rice bowl, another day come and have a salad. a

kennedy. >> kathleen kennedy is a major figure within the walt disney company, and i think that was key to getting some of these big c.e.o.s on board. >> reporter: the long list of supporters includes top disney, netflix, amazon, and many others, as well as the leaders of high-powered talent agencies. and it will be chaired by anita hill. >> i never believed 1991 was the end. >> reporter: hill became a national fig when you are she accused then-supreme court nominee clarence thomas of sexual harassment. she recently spoke at an event supporting the #metoo movement. >> everybody who has participated in this movement will somehow step up and make it where we should have been 26 years ago. >> reporter: the commission's formation follows a cascade of sexual harassment allegations in hollywood that began with accusations from dozens of women against movie mogul harvey weinstein. >> this is, by far, the most aggressive step we have seen. this is the one they are going to put forth as a code of conduct for the industry to help combat this issue. >> reporter: is it enough that the commissio

kathleen: definitely. he isliticala sense, the candidate who says he could stand out and shoot somebody and he would not lose votes. he probably really thought that throwing his support behind moore was going to swing the race in his favor. that did not happen. now looking ahead to his agenda, having yet another democrat in the senate, means the republican margin of control be that much slimmer. incident having a 52 seat majority, they will have a 51 seat majority. mark: will this affect the tax bill? kathleen: it could. they squeaked it through two weeks ago when they got it through in teh seante. they could not do that with obamacare repeal. if they lose one more potential vote -- no democrats will vote for this -- if they lose one more potential vote, that makes it that much harder. momentumt about the about routing of sexual misbehavior in congress? kathleen: democrats will continue to press that. there was a dust off between some democrats in the senate and the president over a tweet the president twe

. >> and kathleen rice. >> kathleen rice as well. >> barbara come stock is working with kathleen ricell. >> she is. >> this is opportunity for women in congress to try help lien this up and do a great job for our country to move past this. >> harris: why don't you think it's unanimous among all the men? i have still have a list of five people joining in to the chorus you? are chuckling, why? why? >> no. i think -- i think that. >> harris: is it political? >> the entire democratic caucusd be voicing staying in their caucus. he has to go. they will drive him out whether it's today, tomorrow. this is death by a thousand cuts for al franken. he is going to have to leave the senate now. >> harris: we saw john conyers yesterday in michigan on a radio interview resign. >> i think he is going to resign. as long as he can give the seat to his son. he wants to keep it in the family because that's how they do it. >> harris: refocus. all eyes on the white house now as we are waiting for president trump to officially recognize jerusalem as israel's capital, pagan the way to move our u.s. embassy t

new york congresswoman kathleen rice posted her own tweet, accusing him of tweeting like a child who hates science class. two men from romania are facing charges -- accused of hacking into the d-c police department's surveillance camera system!! the secret service saying the hacking happened in the days leading up to president trump's inauguration. they claim the pair hoped to spread malware through the computer system by hacking into it. officials say the system was secured before the inauguration. tighter security than ever before -- that's the promise from authorities in new york -- ahead of the big new year's eve celebration. an inside look at the extra steps being taken around the country to make some trouble picking a new years resolution? we have suggestions -- straight ahead. hey, guys. where are the cookies for the... bake sale? bake... bake sale? need to bake in a hurry? use new country crock buttery sticks with sunflower oil. there's no softening required. so baking is delicious and easy. ooh, cookies! ah, ah, ah! (laughter)

you and let you tell more of your story because if i hear from you more this year so michael and kathleen that speaking of sharing time i want to give a little bit of that time to our communities watching this live as it happens the show we asked the question what do you think it will take for a wider understanding and acceptance of me to stories similar to what you were asking catalina we got this answer goetia on twitter says it will take a dismantling of white male privilege so part of that answer was seen by people who took to the streets in january of this year for the women's march and to mia you were pretty vocal about your support for the march i'm wondering what you think about persons comment on dismantling white male privilege when it comes to this need to campaign. yes sure so you know i worked with the organizers of the women's march got the privilege of working on the communications committee and was just happy to be a part of history i think that that was a really crucial part of kind of like a redirect of the women's movement of this generation of the women's movement i th

using the microscope humus kathleen find his way to the aneurysm and seal it with a suitably sized clip. any false move could lead to brain damage or death. it's a routine procedure for a neurosurgeon. to shoot this well i think you we could to help this man go. on but i'm i want to believe that i was in tears when you came along with the reason why but i did you did not watch was going on bob these men. don't know most of them i. would butt out by month to get up the good to be good to do in your mind it's not good i won't andrea these very difficult i did use the. for me that i would. see their own numerous programs that enable don't provide medical assistance to. remote river bank communities mostly indigenous tribes. for in case of emergency for example they had nothing to do just. like the people in one small boat and going don't river until fired some some help and off from here to sun thaiday in on small boats to do you think so rode eight hundred dollars or to community it's. up river it's even longer. for example every couple of months these guys travel up the trip the trees of

kathleen: everything will be that much harder.hey had a two seat majority in the senate controlling it 52-48. now it will be 51-49. every time you try to do willhing all of that re-that much more difficult because you will have a much slimmer margin for error. like we saw over the summer when they tried to repeal obamacare, they were not able to keep republicans on board. that task will get even more difficult. matt: what does this mean for the tax legislation as it stands now? do they still have the ability to push this through before roy moore comes in? kathleen: we saw chris van hollen calling chaim -- calling for him to be seated. it depends on when the vote happens. one thing to watch is whether there is controversy, whether republicans are a bit cheeky and trying to put off seating jones until they pass their tax bill through. democrats will balk at that but that is a dynamic to watch. guy: what does it mean for midterms? kathleen: they are bold heading into the midterms. they just won a seat in the most republican of republ