paul: thanks very much, kathleen. kathleen hays at jackson hole.et's get a check on what is happening with the markets now with sophie. sophie: the kiwi dollar rising 0.3% on the back of adrian orr's comments on a long-term path for the economy. the toolkit at his disposal, including negative rates. taking a bigger picture view on the kiwi dollar, this has given support, little nearing the lowest level since 2016. coming through as we are waiting readingow traders are -- are reacting to what governor orr had to say. japanese assets, we did get cpi data earlier. the yen not doing much, trading in a tight range with inflation coming in line with estimates of about 0.6% on a year on year basis. powell very much and focus. it may rise to 107 for the japanese currency. jgb's, we will be keeping an eye on that ahead of fund operations in the one to 10 year zone. jgb likely to keep falling today. >> as sophie mentioned, we have seen core prices for japan coming in line with estimates. we have seen a little bit of pressure when it came to the national numb

kathleen: that is "daybreak asia ." i am kathleen hays in new york.l allen just want to get you to get into some breaking news coming out of japan at the moment. theave the jobless rate for month of july coming in a little better than expected at 2.2% on the year and that is better than the 2.3% estimated. line cpi is coming in in with estimates. an increase of .6%. once you strip out fresh food, the numbers are not quite so good. .7% increase the market was looking for .8%. jobless in line with expectations. forell for to -- ditto tokyo cpi for the month of august. the reaction from the japanese yen. first word news now with jessica summers. jessica. jessica: china has indicated it will not retaliate immediately against the latest u.s. tariffs, saying it is more important or on removing existing duties. the commerce ministry says china has ample means to strike back but the focus should be how to prevent further escalation in the trade war. it adds that beijing is launching -- most u.s.uggests companies will ignore president trump's order to leave ch

kathleen: i'm kathleen hays at bloomberg world headquarters in new york. inina: i'm selina wang beijing. we are counting down to asia's major market opens. : here are the top stories we are covering in the next hour. president trump indicates new trade talks after china said it will not hit back on tariffs. on.ings season rolls we look at numbers and look ahead to the last of china's big angst to publish results. two years after taking the wheel, uber's dara khosrowshahi rates his performance so far. we have an exclusive interview. kathleen: all it takes is a little trade war optimism to carry us over the stock market. look what happened -- stocks closing higher across the board in the u.s. today. the s&p 500 approaching a three-week high. not a big market, but still a move in the right direction for most people. the dow gaining 1.25%. , wasasdaq, of course, tech really helped by this optimism on trade. take industrials led the way -- .ech industrials led the way 10 of 11 sectors closed higher today. the only one that did not was staples. the answer could

i'm kathleen hays in jackson hole. here are some of the stories we are covering at this hour -- the pressure is on powell. the fed chair opens the kansas city symposium at the jackson lake lodge with three regional fed bank presidents saying now is not the time to cut. : the aussie dollar has been a key shield for australia, but it easing poses a threat, and boris johnson beats a brexit blockade in paris as mccrone -- as emmanuel macron says any potential changes to the deal would be minimal at best. shery: we have some big guests coming up on "daybreak." first, let's get you started with a check of how markets closed on this thursday session here in the u.s. it was a bit of a mixed picture. we saw the doubt at about 50 points, but the s&p 500 gave up morning gains. we had more cautious commentary coming out of that officials when it comes to future rate cuts, so that really helped curve.rt that 2/10 yield materials and health care stocks leading the declines, weighing on the stock markets. we are also seeing manufactu

kathleen: and... lemonis: ingredients. kathleen: ...is 12 cents.emonis: so at $1.29, it's still sitting in chicago. max: yeah. lemonis: where's the next place it goes? max: dallas. lemonis: okay. what does it cost to get it to dallas? max: 50 cents a bottle. lemonis: max may not realize it, but this little pit stop in dallas for the product is costing the company a heck of a lot of business. murchison products are made in chicago, then transported to dallas and then shipped out from there. to get 'em to dallas adds another 50 cents of cost to each individual unit. but keep in mind, murchison-hume, like any wholesaler, sells to retailers at twice its cost, meaning that the 50 cents turns into $1 by the time it gets to the retailer. then the retailer adds its markup. and that dollar becomes $2. and now an extra $2 has been tacked on to the retail price just because of dallas. and what do customers do when they see that inflated price? well, you take a guess. they walk away. walk me through this. max: so, we used to have a text-heavy label. i wanted t

kathleen is in boston.een: welcome our bloomberg television and radio audience to our boston bureau, steps away from the federal reserve bank of boston, make it all the easier and quicker for eric rosengren, president of the boston fed, to join me for an interview. great to have you come especially at such an important time. we have gone through a couple weeks of such market volatility. days before the conference in jackson hole. i want to go back to the last meeting, july 31. you dissented, citing low unemployment, and your questions about financial stability, some concerns. your colleagues were looking at inflation and these global developments, as they call them, that could basically hurt the u.s. economy. explain your dissent to us. eric: you did a pretty good job of laying out the dissent. it was tied to the fact that economic conditions are still pretty good. 3.7% unemployment is still a low rate. inflation is a little bit low. the core measure is 1.6%. if you take out some of the outliers using teles

kathleen gets five years in prison. luther gets 10. yes, that is on kathleen's record. never once before then or the next 15 years was there any record she was arrested for prostitution, ever warned about being a prostitute. she bungled a crime. she never should have tried to commmit it. but charles manson was not the child of a prostitute. not then, not ever. he goes to live in west virginia, a little factory town with his uncle bill, aunt glenna, and cousin jo ann who was three years older. i found jo ann who has never talked before. and if you get a chance to look in the book you'll see that the photograph section shows pictures of charles manson from his baby pictures and his wedding album. they come from his sisters. they tell the real story. here is an interesting one jo ann told me about charlie. she said from the time he came to live with them at 5 years old, he's scary. he's violent. he lies about everything. the first person he ever physically attacked was jo ann. he picked up a sickle in the backyard and tried to stab her. her parents stopped him. his explana

kathleen hays has just returned from where he spoke. kathleen: some striking.-day symposium friday and saturday and then there is a wrapup panel. they look at what the themes have been and the president of the reserve bank of australia or the governor got up and gave this speech with a simple and powerful message, central bankers alone can't save the world when is politicians who are taking steps that are weighing on the global economy. he have brexit, italy, and went on to say political shocks are turning into economic shocks. policy accommodations sometime he says if you are putting stimulus in when it is geopolitical politics hitting the economy, it will boost asset prices and not have much impact on the thing slowing the economy down because interest rate cuts can't change what a trade were is doing or brexit. he called on politicians to act, saying ending political uncertainty would help. that resonatedr with the audience. thoughn: it is not as the consensus is we are going for global recession. many central bankers see an economy that has a decent under f

kathleen's periods. there is another fellow in kathleen's life who would like to get his attention. manson, as william common laborer whose dream is to become a drycleaner. and knowing kathleen is pregnant with another man's child, he marries her about five months before the birth. there was never any question that charles manson was an illegitimate baby. his birth certificate was filed a few months after his birth. william was listed as the father. the whole family and charles himself knew throughout that the real father was colonel scott. no doubt. the later rumors that manson hated and feared blacks because he had a black father, never ever. manson and kathleen's marriage lasts a few years. he divorces her. her son is left -- her son is never left with strangers or offered for a pitcher of beer. she did what many young women that age do and sticks him with her mother sister and her husband and daughter. he's cared for always. kathleen and her brother luther, spectacularly botch an attempted robbery. they try to use a ketchup bottle, poke it in somebody's back and say it's a gun.

i grew up in cleveland heights, ohio, with two moms, kathleen and betsy.eally don't miss having a dad because they both completed a different area of me growing up. this is the family. my sister, sarah and i, we have lived together for almost two decades. we fight over socks and we steal each other‘s headphones and i love sarah to pieces. it's so nice out. it's beautiful. i'm happy we're together. me, too. it was the beginning of my spring break of senior year. my mom got an e—mail that said, "hi, i think your daughter is my daughter's half—sister." so i facebook—searched and found a bunch of women who were the right age and ifound one who had a daughter who was around my age. i messaged carolyn and i said, "hi. "i think i'm your half sister. "1317 from california?" i was ready for either "i don't know who you are, you're crazy" or "yeah, i'm your half sister", and it was the second one. i really didn't think about that whole side of my family for a while until i was 18 and old enough. i thought maybe if i'm lucky, i'll find one or two. and ifound one or t

kathleen: what is the cost? mr.: one of the ways monetary policy works is you cause people to buy houses and cars earlier than they otherwise would. you choose to make an investment now because interest rates you think will temporarily below. so you make extend at your is you might not otherwise make. when we lower interest rates, we make the cost of that lower. that means both households and firms are likely to be leveraged. if they get leveraged before we have more significant problems, they are actually in much worse shape. we have to think about the financial stability curve. thinking of how much we want households and firms to be leveraged going into whatever action we do have a significant downturn. kathleen: how concerned are you about a significant downturn? the signs from the global economy. the signs from the bond market in particular. even signs from wall street banks that have cut their gdp forecast, and indicators suggesting the recession risk is rising. is it rising in your eyes? mr. rosengren: many in

listening to you, kathleen hall jamieson, i have been on the show many times. to refute what you said would have happened if obama had declared sanctions on russia in the month of october. let's not forget everybody held hostage with the supreme court nomination and he said, quote, i've got it political. the sanctions on russia, it would not have mattered. i want your thoughts on one important fact in -- i was listening to a lecture one time estimating 70% of the population in 15 states represented by 30 senators and 30% of the population. in this context how would you break up the electoral college gridlock we have got so far? >> host: we are going to leave it at those two points and see how kathleen hall jamieson wants to respond. >> guest: it is an important point. we are so polarized that it is completely plausible for president obama to believe had he made a strong statement without the support of senator mcconnell and the republicans it would have been viewed as political and an attempt to tip the balance of the dialogue toward hillary clinton it is a sad

i grew up in cleveland heights, ohio, with two mothers, kathleen and betsy.eally don't miss it having a father because they both completed a father because they both completed a different area of me growing up. this is the family. my sister, sarah and i, we have lived togetherfor almost two decades. we fight over socks and we steal each other‘s headphones and i love her to pieces. it is so nice out. it is beautiful. it was the beginning of my spring break of senior year. my mom got an e—mail that said hi, break of senior year. my mom got an e—mailthat said hi, i break of senior year. my mom got an e—mail that said hi, i think your daughter is my daughter's half sister. so i facebook searched and found a bunch of women who were the right age and i found one who had a daughter who was around my age. i messaged carolyn and i said, hi. i think i am your half sister. 1307 from california? think i am your half sister. 1307 from california 7 i think i am your half sister. 1307 from california? i don't know who you are are, i was that as an answer. but i got i am you

global economics and policy editor kathleen hays, thank you.sident trump has agreed to drastically scale back plans to slash billions of dollars in foreign aid after secretary of state mike pompeo persuaded him against the move. let's get the latest now from washington. joe, what did pompeo say to get the cuts off the table? or are they all off the table? joe: it is probably not a settled issue yet. this is a long-standing fight. a number of republican budget hawks among them. the president acting chief of staff, budget director, who had been targeting for an eight an area to cut. the u.s. spends $50 billion a year on foreign aid. a third is for military assistance and security. it all amounts will little over 1% of the budget. up, the budget office lined for billing dollars in cuts to foreign aid. pompeoretary of state and treasury secretary steven mnuchin had argued against these cuts, saying it would damage efforts around the world for the u.s. in both diplomacy and security. for the moment, they have prevailed. the president is willing to s

kathleen is back with us. flexible working. what are they going to do? element they are actually proposing that about... basically you have flexible hours for half of your total working hours —— yes, they are basically proposing. in finland they have really been at the forefront of flexible working way back to the 19905 but they are basically saying you can decide where you want to work for half of errors, you can fit yourjob in of child care, general lifestyle commitments, outside commitments, and full timers can bank time off to get more on the holidays. it sounds idyllic. it really does. many viewers have been in touch saying, i dream of this. absolutely, and some of them are here. it will not work for everyone to stopjudy here. it will not work for everyone to stop judy says with travel time, cost and to stop judy says with travel time, costand air to stop judy says with travel time, cost and air pollution it makes perfect delete my perfect sent in cities to try to work out of the office more. tracy says,

kathleen, the fed does have a dilemma. they could keep cutting rates but the president could continue to threaten the economy with a trade war? ritika: and that is it. some -- kathleen: and that is it. there is already that debate raging. build but we of course, president of the new york said ran the9 to 2018, he new york fed's open market test. he was chief economist at goldman sachs for many years. so this came as a bit of a surprise when he wrote this opinion column for bloomberg news that came out swinging on behalf of the fed and against trump. what he said was, in fact, the fed could go further than this. it is tough to deal with trade as an official banker. any will not bailout administration that keeps making bad choices on trade policy, making it abundantly clear that trump will own the consequences of his actions. bill dudley sees some benefits from this. let's take a look. it would discourage further escalation of the trade war because it would make it more expensive for trump to do. it would reassert the fed's

kathleen hays, joining us from jackson hole. we will hear from the kansas city fed president later on thursday as well, so do not miss her comments ahead of jackson hole. let's get more on the market reaction to the fed minutes. stocks retreated from highs on the day. su keenan joins us with more on this. to stayid manage positive. we had a real shot in the arm from strong earnings results from retailers which are defying fears of recessions. let's go to the bloomberg. the exchange traded fund or etf techmimics the nasdaq heavy index, and we have been seeing a lot of investors or outflows run that index, and then go to the big movies of the day, and it's fascinating to see retailers put the momentum play. target a record high walmart results, and that shows the ongoing resilience we are seeing with these discounters amid the broader retail industry. we saw lows really knock it out of the ballpark is gross margin beat expectations against combing fears -- combing -- calming fears, much better than expected. nordstrom better than

kathleen hays speaking exclusively with the rbc governor. guest,ack to thanks for sticking around with us. negative rates, we heard from adrian there and he would on to say negative interest is the most impactful tool because that would have a broad effect across economy and it would be less distorting than buying particular assets. qian: when i look at japan, i just think, why did they have solo interest rates, yet the credit demands like business investment is not as strong. when you think about the business corporate side, what matters for them the most, when they're making hiring decisions is about the median economic outlook. are they confident that when they make the investment they will be able to generate profit and return. to a certain extent i think yes, when you lower the interest rate it will have some impact. but there is a limit to how much that lower interest will have on credit demand and real economic growth. sweden inooking at the 1990's when they were negative and the rest of the world certainly wasn't, point to one countr

paul: global economics and policy editor kathleen hakes -- kathleen hays thanks. u.k.uspending parliament for five weeks, prompting widespread protests. let's bring in senior international editor jody schneider. suspend parliament as a dramatic one, what does it mean in terms of the brexit deadline? jody: dramatic as the word many are using. giveally, it will parliament only two weeks before that deadline to come up with a plan or to leave without it. parliament will be back on september 3, and then, according to this plan mr. johnson has come up with, they will leave on the 12th of september and won't be back for another month, two weeks before the deadline. now, itgoing to happen will be mr. johnson's plan or a no deal brexit, that is what it is looking like. the opposition to mr. johnson , theo the no deal brexit problem with that is that everybody wants something different. there is enough of a coalition to try to stop a no deal brexit, but because they want different things, coming up with a plan in a short time would be difficult. for instance, the opposition lab

paul: global economics and policy editor, kathleen hays.g up next, baidu bounces back with a beat. how it is improving. amid still in the game increased competition. this is bloomberg. ♪ is is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. paul: i am paul allen in sydney. let's look at chinese tech earnings in the spotlight this week with xiaomi due to report later on this day. overnight, baidu posted sales of revenue that beat estimates, so let's get over to sophie kamaruddin for more on this. baidu's results -- have results soothed worries? sophie: the latest set of results demonstrate that baidu is managing the shift from desktop to mobile with stronger user in you demand and traffic on it that -- its app, and it has been able to hold onto advertising sales. downsideare moving risks to the market. there is a backdrop of a company no longer being one of the top five most valuable in china. given a downturn in the share price, it has fallen more than 30% since hitting a peak in april. the shares have struck a 2013

kathleen hall jamieson. from unspun you write spin is a polite word for deception. guest: i wrote that a long time ago. when brooks and i wrote the book we dirty found a fact check founded in 2003. the realization that increasingly when someone would attack and someone else would counter attack, the press would not adjudicate the difference. sometimes they were both accurate and selectively using facts on each side and readers needed a context. sometimes they were both inaccurate and you a default when you heard your own side and you do soon it was correct when your side wasn't but you would not change your ideology and changeable but it was still useful. my concern was, journalist because they were starting to lose structures and impressed to do more and does this sound familiar, it is accelerated and did not have the time to look carefully at those exchanges. we wrote the book after we founded fact check because we thought there was ways you could look at the spinning process, not necessarily a thing, black is white or black i white is bl. to provide a forewarning

kathleen, i'd like to start with you.ddress for me, if you can, the president's first remarks, the bigotry, the white supremacy, what do we know about the threat, howdo we know that's led to violence and how has that changed over time in america? >> what we're seeing now in el paso, aot i'll swear it's simply a single act of violence, we often think about theseen as singular acts of horror andeth hard not to ink about it that way when it's in your community and in your homeh the g is what we're looking at is generations old. it's organized. it's part of a social movement that had a broad purpose in every generation across gender, age and class, a we're seeing the fruition of decades of that movement came together after the vietnam war, ibrt ght together activists into a coherent white power movement, and where we are now responding to the fact that we've never had a coherent prosecution of this movement, we've never had a large-scale public response to this movement, and it'sfá a very majr nation.for our >> i want to clar

kathleen exactly and not just in the u.s. but around the world.s is a victim of chicken between the u.s. and china on the trade war. some people speculating donald trump but that tweet out to push the fed. all abouts was pushing china who may think he may not push hard before the election next year -- donald trump, that is. go right to the bloomberg library with me again. it is not below 50 yet. the purchasing managers index is at 51.2 down from 51.7 in june, but the trend is so obvious. rosenew order's actually to 50 .8 from just over 50, but a new export order -- new export orders, the number fell. in other words, new export orders are now below that key 50. anyway, this is definitely a big signal or the bond market. a fed rate cut certainly now back on the table. hard to imagine what could come out in that jobs report tomorrow -- actually, later today, i should say -- that would change the fed's mind. >> for a closer look at the effects of the announcement on rates, let's bring in colin martin, director of its income , schwables schwab center o

he spoke exclusively to kathleen hays yesterday. fact thattied to the economic conditions are still pretty good. 3.7% unemployment is still a very low rate. inflation is a little bit low. if you look at the core measure, it is 1.6%. if you take out some of the 2%,iers, it is closer to infected is exactly 2% -- in fact, it is exactly 2%. we have to be careful not to ease too much when we don't have significant problems. the focus is to do something that does not affect the exchange rate or takes care of the world economy. we are supposed to focus on unemployment and inflation in the united states. i think we are in a pretty good spot right now and there are costs to easing at times. >> what is the cost? >> there are several. one of the ways that monetary policy works is that you cause people to buy houses and cars earlier than they otherwise would. you choose to make an investment now because interest rates you think are going to be temporarily low, so you make expenditures you might not otherwise make. a second is that when you lowe

kong,t comes to hong kathleen was speaking at the jackson hole symposium on the sidelines.arning about the protests in hong kong and what they could mean for the global economy. not segmented regional effects. these are global consequences. what could be a tipping point that could trigger a very significant global slowdown. even a recession. juliet: fairly ominous words there from harvard university. we saw a pretty ominous sign in markets. you are seeing a rebound in hong kong stocks. earlier, we saw the hang seng form a death cross. we have seen a rebound over the course of this week of 1.7% for hong kong stocks. a lot of concern about the property developers about the retail stocks. it has been about four weeks prior to this week of very severe losses for the hang seng index. plus the climb. a death cross. that is pretty dramatic. thanks very much for that. investors wait for fed paid -- chair jay powell's speech today. it will be closely watched for clues on if the central bank sees july as a midcycle adjustment or the start of something bigger. chief economic advisor a

[applause] [inaudible] >> my name is kathleen jamison in my recent book is cyber war and hope they help the president what we do and can't no, necessarily in that order, you are watching the tv. book tv recently visited the reagan presidential library in simi valley california where mark levin offered his thoughts on the press. >> cnn is not a free press, msnbc is not a free press, the new york times is not a free press, the washington post is not a free press, a press is not pushing theological agenda in the back pocket of one party or another party, it does not push social activism and when you turn on the tv most of the channels are beating you with their propaganda and left-wing agenda and so forth. that is not freedom of the pre press, it is actually occurring outside of those, it's on the internet for bloggers, newspeople all over the world. the difference between the modern media today and the patriot media that helps this country, the patriot media, the men with the printing press, 30 some newspapers, i was there. they were trying to fundamentally form government. they wanted to

[applause] >> so, it's great pleasure to be here with kathleen. assistant professor of history at the university of chicago and we're here to discuss her first book, bring the war home, the white power movement, and the paramilitary america. kathleen holds a doctorate in american todays from yale another and spent a decade or so working on the become. i have to confess when i first enencounterred your book i thought what a timely moment to explore a contemporary history of this movement, but of course by the time you finish it you realize that the timeliness was the same five years ago or ten years ago or 30 years ago and you have told a much longer history here, well charlottesville became shorthand for anything. i am curious you decided to embark on this research. >> so i wanted to do something on reconciliation commissions. we have this very long and come mex history of racial inequality in united states, muff is a history of racial violence and yet we haven't seen a sustained public dialogue around raise that the way that many other countries

kathleen hays is here to explain why powell may not deliver. everyone around the -- it's notused unusual, what usually happens at the symposium, going on more than 30 years. people from all over the world gather in jackson hole, wyoming. jay powell last year gave a speech, he kicked it off as the fed chair does every year. that is him last year on the right with the president of the kansas city fed, and the new york fed president in the middle. what people expect now is come on, you've got to give us a signal that the world is waiting for. that this isn't just one rate cut, just to adjust things temporarily and see what happens. you can see distress around the world and you are ready to do something on rates. and whyabout distress the view might be justified, jump into the bloomberg library with me, i have a good one. the new york fed probability of recession in the year ahead and they are looking at treasury spreads and more elements. it is above 30, it is at 32. whatever the recession odds are over by -- over 30%, and recession has happened,

kathleen: what is the cost? mr. rosengren: there are several costs. cause people to buy houses and cars earlier than they otherwise would. you make a temporal substitution. you make an investment now because interest rates are temporarily low. and so you make expenditures you might not otherwise have made. when we lower interest rates, we make the cost of debt lower. that means that households and firms are more likely to be leveraged. if we do that before we have problems, then we are in significantly worse shape. we have to think about the financial stability characteristics. how much do we want households and firms to be leveraged whenever we have a significant downturn? kathleen: as you look ahead to the september meeting, you are a voting member, the question of cutting rates again, it will be on the table. are you watching the consumer very closely, then, as something that would tilt you not toward waiting to see but saying, no, i agree i am on board? ,it is time to cut rates and cut them again. mr. rosengren: i am watching a number of things. c

kathleen: good evening. my name is kathleen richardson and i am the dean of the school of journalism and mass communication at drake university. welcome to the members of our audience here at the science center of iowa and des moines and those of you joining us by livestream. this year, we are celebrating the 100th anniversary at drake. -- anniversary of journalism education at drake. in 1919, -- since 1919, our program has been characterized by service to our profession and our community. we are proud to continue that tradition by co-hosting the conversation tonight about climate change with experts who are on the front lines of this pressing public issue. this event is brought to you through a collaboration between drake university and a philanthropic refunded free service for journalists based at the american association for the advancement of science in washington, d.c. they connect reporters to scientists in order to promote more credible, accurate, research-based news stories. we are just wrapping up a

our kathleen hays spoke with boston fed president eric rosengren.nts to see evidence of a slowdown to justify a rate cut. mr. rosengren: it was tied to the fact that economic conditions are still good. inflation is a little bit low. 1.6%. but if you take out some of the outliers, then it is closer to 2%. my own view was that we have to be careful not to ease too much when we don't have significant problems. the focus is not to do something that effects the exchange rate or something that takes care of the world economy. we are supposed to focus on unemployment, on inflation in the united states. there are costs to easing at times you don't need to. thats one of the ways monetary policy works is that you cause people to buy houses and cars earlier than they otherwise would. you choose to make an investment now because interest rates, you think, will be temporarily low. we loweris that when interest rates, we make the cost of that lower. firmseans households and are more likely to be leveraged. we have to think about the financial stability characteri

we are going to ask former hhh secretary kathleen about that moment and that plan next.idn't have to shout out for help. i didn't have to get you a lift. and i didn't have to call your wife to meet you at the doctor. because you didn't have another dvt. not today. we discussed how having one blood clot puts you at risk of having another,... ...so we chose xarelto®, to help keep you protected. xarelto®, is proven to treat and reduce the risk of dvt or pe blood clots from happening again. in clinical trials, almost 98% of people did not have another dvt or pe. don't stop taking xarelto® without talking to your doctor, as this may increase your risk of blood clots. while taking, a spinal injection increases the risk of blood clots, which may cause paralysis- the inability to move. you may bruise more easily or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines. get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an a

kathleen: what are the costs? you cause people to buy houses and cars earlier than the otherwise would. you choose to make an investment now because of interest rates that you think will be temporarily low, so you make expenditures you might not otherwise make. when we lower interest rates, we make the cost of that lower. that means both households and firms are more likely to be leveraged. get leverage, people are in much worse shape. we have to think about the financial stability characteristics. households we want and firms to be leveraged whenever we go into a significant downturn. :astling: how can -- kathleen -- howcerned about you concerned are you about a potential downturn? even wall street banks have cut their gdp forecasts, and recession indicators have indicated risk is rising. is it rising in your eyes? eric: many of those indicators are tied to financial markets. let's start with what most economists think is the most likely outcome. the blue chip forecasts, we just came off real gdp being at 2.1%. t

[applause] miles: thank you, kathleen. good to be here. thank you so much. t is great to see you all. going to have our panelists get seated while i'm talking. it is good to be back in des moines. i was just reminded, my first trip to des moines was in 1988, following michael dukakis. that was my first taste of deep-fried butter. [laughter] still remember it. i can conjure up whatever that was that happened after the deep-fried butter. as you may recall, it didn't go so well for michael dukakis. he was at the fair and was suggesting to corn farmers that hey plant more endive. massachusetts, they just don't get it. interestingly, i was looking -- how many of you are familiar with the job of state climatologists? i would say probably about half. here are two states in the nation that do not have a state climatologists. tennessee and massachusetts. boston is almost underwater now. we have three all-star estate climatologists here and we are going to ask them about what they do, what they hear, and the evidence they are seeing from the front lines. a lot of peop

kathleen: i'm kathleen hays at bloomberg world headquarters in new york.g. we are counting down to asia's major market opens. : here are the top stories we are covering in the next hour. president trump indicates new trade talks after china said it will not hit back on tariffs. on.ings season rolls

our thanks to kathleen hays.tion that president trump has been tweeting about the federal reserve. moments ago saying this, as usual the fed did nothing. it is incredible they can speak without knowing or asking what i am doing, which will be announced shortly. we have a very strong dollar and a very weak fed. the u.s. will do great. who is our bigger enemy, jay powell board chairman xi? this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. this is "bloomberg markets." us live from the cme. it has been quite the friday morning. zero, welll below lower this morning. we are back to flat for stocks pretty much. we have news on soybeans. what is taking your attention down at the cme? >> soybeans are back to the levels we saw in early august and early june. right now some of it is trade tariff related. count came oute yesterday, about what expected. export sales were better than expected. who knew? traders and investors are worried, especially farmers in the northern states will have a much harder time t

taking your questions, kathleen is up first. caller: thanks to c-span for always bringing such important topics to the american public in bringing experts like mr. light on. i wanted to just mention that carter, he put solar panels on the white house for a while. you guys were talking about carter earlier. mr. light, thank you for your work. i wanted to ask you about wind turbines and the creation of energy in the u.s.. i believe that texas is in the number one position. if you could talk about that, the increase in the u.s., and i also wanted to ask you about the senator sanders climate change governor in his, who i really only just became aware of during the debates. if you could talk about those two plans and if you could compare the plans? i want to ask c-span to do a access to energy for elderly people. my 91-year-old mother just had her electric turned off by dayton power and light, whom she has been a customer of for 60 years for being 30 days late with the bill. they turned off her electric when it was in the high 80 deg

referred to already in place dead larry thank you very much indeed the talking to us jack valera kathleen . still to come here and out of his era donald trump it sounds that jewish americans invented the his political opponents. and a small reprieve to thousands of syrians who are being forced out of its stamboul. hello again welcome back to international weather forecasts will have seen plenty of severe weather over the last few days here across parts of europe extend the anywhere from spain across france as well as over here towards western russia now some of those storms have caused some very large hail as well as some gusty winds particular here across parts of germany now as we go towards wednesday we're still going to be seeing a threat of weather in terms of heavy rain across poland as well as here into northern italy we're going to be watching that very carefully flooding could be a potential across some of those areas but as we go from wednesday and into thursday notice here across the area a lot of those rain showers begin to dissipate and we are going to be left with mostly clo

ask yourself who are you being kathleen gibson for today? who are you helping?re you making sure has a nice change of clothes and can get a haircut to go to the next job interview, who are you doing that for or are you so caught up on facebook? worrying about meeting your next baby mama which you don't got time. you know, man, you all look beautiful by the way. oxford house is an incredible thing. paul malloy and john fox gave me an opportunity to work with this incredible organization for so many years. i thank you for your continued support. as my journey continues. one thing i leave you with. if this convicted felon, i know i have been arrested 60 times in my life, i can remember getting out of county jail in the morning and being back at night. if i can go through all that and on may 11, 2019, graduating at shot university with my bachelors in social work. [applause] >> if i can become executive director of an agency, if i can most importantly be a father to my beautiful daughter and my wonderful son you can too. [applause] >> the beauty of oxford house, cur

we may learn what he told the fbi -- listen, he was telling the state department with kathleen kavalec from i'm leaking to the media, desperate to get trump not elected president. i've got a political deadline. election day, get my information leaked out. i'm talking to the media -- he is divulging all of the stuff from all of the things the fbi has claimed, at least anonymously, news stories they didn't know about. i would like to know what christopher steele said he told his handlers before his dossier was used to support the fisa. >> sean: last two. the redacted sections, the third renewal, the third renewal application, there are redacted sections, and number ten, the records of allies assistance. that would be, if i'm wrong, tell me, the outsourcing of that which would otherwise be illegal, of spying on a campaign, donald trump, on a transition donald trump, on a president donald trump. subcontracted out to our allies, italy, great britain, and australia. because they were circumventing american laws on the one hand, but also, we have, one of the redacted sections of the final war

this was really good news for russian aviation today. >> kathleen banks, good to talk to you. >> thinkgovernor of colorado has decided that he is sending his bid for the white house. >> in almost every regard this journey has been more exciting at a more rewarding than i ever would've imagined. although of course i did imagine a very different conclusion. >> shepard: those a campaign video from the campaign and now the former democratic presidential candidate has been struggling to meet the requirements for get on the for next month's debate. he hinted that he might just join colorado's u.s. senate race. he introduced he was more on that committee would have a real edge in colorado. >> perhaps, this before, but in the presidential rate this candidate from colorado tried to carve out a spot in the middle of the field, warning against ideas like the green new deal and eliminating private insurance and predicting that if a progressive becomes the nominee and passes those idea as part of their platform they would then give the presidency to donald trump. he did and his white house bid toda

her grades, graduated high school and applied for college and now the rising junior is impressing kathleen rodrigues with her classroom skills. >> her table understands the expectations and she's great about offering positive reinforcement when they do a great job. >> reporter: being positive is a great part of her success that she wants to share with others. >> anyway i can give back is what i love to do. >> reporter: for students rising above, i'm christin ayers. >> to learn more about this, go to our website at kpix.com/sra. >>> if you have a consumer problem or question, email us at consumerwatch@cbs5.com or call 1-888-5-helps-u. >>> we'll be right back. >>> a bay area school going high tech for banning cell phones and why some think it is a violation of privacy. that story and much more at 5:00. >>> that will do it for us here at kpix5 news at noon. >>> the bold and beautiful is next and we will see you tonight at 5:00 and hopefully tomorrow morning. 4:30 is our start time. >> we will be here early. >> definitely dark. >> hope: i'm not sure what you expect me to say. >> flo: that you

kathleen: and for the federal reserve, let's remember. this does not seem to affect the rate debate, it is how they view the economy. pat harker says he is on hold for rate carts -- rate cuts. jim bullock says you have to run invert the yield curve. cut in 50 basis point september. the governor of the reserve bank of australia seems to be reacting to this his speech on saturday he said central banks cannot do everything with monetary policy, when politics and political disputes and geopolitical ventures, brexit, hong kong, et cetera, are weighing down on economies. i think he must have had something about trump and the text -- attacks globally on several banks in mind when he said that. -- on central banks. paul: plenty to watch on jackson hole and the reaction to it. let's bring in our guest diana mousina economist, amp capital investors one of the highlights was phil lowe, rba governor's speech. he made a good point, there only much central banks can do in the face of so much political instability. to steady the ship. >> thank you for h