my name is kathleen wells, i am an entrepreneur and i am the american government. exercise my united states constitution rights, and all other rights. i have a copy of the united states constitution with bill of rights in my possession right now. i exercise my right to collect my funds, and i demand my funds from a united states constitutional demand. in the amount of $8,250,000, $5 billion on the 110 trillion purchasing power scientifically. an executive branches of our government, during years tran11-2016 and with this government body on july 16, 2019. i demand that the city of san francisco provide a recent auditing report, accompanied with bank statements on account numbers being used by the city. the last time i gave a public comment, i was talking about what has happened with the federal reserve, and its dictatorial practices and how it has caused the current homelessness problem, which i see. you know, i have lived here from 1985-1996. i moved to new york city, that i move back recently in in january of 2019, i am completely shocked at how many homeless amer

well. kathleen: it is so funny, you cut the rates the first time in 10 years and people, it has a lot to doh what president trump said, coming out the very next day saying 10% tariffs on more chinese imports and that stole the show and set the stage. jay powell has a big task. this is a traditional speech the fed chair gives at jackson hole symposium. ether george, in the middle william. this is from last year. at this point, he is definitely thinking about writing this speech because he knows it will send a message to the world. in fact, what the world of traders, bond traders is looking for is more rate cuts. they are expecting them soon. let's take a look at this chart and you will see two lines. this turquoise line is where the effective fund rate is, 2.1%. ret, look at what they' looking for if you look at this white line. this is suggesting that the funds rate is going to be at least 60 basis points below where it is now by early next year. that is more than two rate cuts. is that possible? at least two, is that possible? what are people expecting? let's look at donald trump. he was s

well. kathleen belew and seamus hughes, thank you both. >> thank you. >> woodruff: and thank you.kend's call for policy changes Ñixd >> today i say to donald here is some of what they had to say. stop your anti-immigrant rhetoric, stop the hatred, because thatt language, t hatred, that divisiveness creates a situation where certain people will do terrible things. >> mr. president, it's long pasi you stood up to it. mr. president, it's long pastdd time youssed it for what it is. this is hatred, pure and simple, and it's being fueled by rhetoric that is so divisive ait causing people to die. >> what happened in el paso and in so many of the other shootings across the country, it was fueled by hate, and no, mr. president, as he said after charlottesville, there are not two sides to the issue when the other side is the ku klux klan and white nationalists. there is >> woodruff: dayton, ohio is in the home state of anothe candidate, congressman tim ryan. ryan has suspended his presidential campaign in the wake of this weekend's shootings. he's also been in dayton since yesterday, and he

well. it's one of my favorites. kathleenan industry or sector that you would say that's where you would the if you want to cut it down a little finer. what would you suggest? of the health-care stocks, particularly medical services, really have potential growth. they are not as exposed to terrorists because they tend to not have exposure to either supply chain or revenues in china, so that is one area that long-term we're just seeing higher health-care, one area of growth. paul: thanks very much for joining us. you can get a roundup of the stories you need to get your day going in today's edition of daybreak. bloomberg subscribers go to dayb on the terminal. you can customize your settings so you only get news on the industries and assets you care about. kathleen: i'm kathleen hays in new york. paul: i'm paul allen in sydney. you watching "daybreak australia." uber faces yet another headache two years after dara khosrowshahi took the wheel. a former engineer has been charged in a case involving tech from waymo, adding a

well. we don't have any signs to suggest that asset quality is cementing. kathleeny of these banks , what is the takeaway? is it a risky bet if you pick the right one or the big one solvent enough to put money in their? ismael: we saw this before in the early 2000's. people said valuations and dividends were low. we fast-forward to where we are now, and for many years, we used to see them as a value trap. that should be applied to chinese banks of the moment in the sense that they are cheap. the smoke -- there is margin pressure, a predominate driver of profitability. we have been seeing that in the past couple of quarters. if that is coming down, profitability will come down. tom: thanks very much for joining us. wanted to get you in alert on the bloomberg terminal. the hong kong activist joshua wong has been arrested. the groupcording to he helped found, his pro-democracy party. that's them saying he was arrested. they are saying he was picked up on friday at 7:30 on his way to the train station. you are seeing pictures they from some time ago. those are not reaso

kathleen hawk sawer is the acting prison chief. cheryl: wellmie dimon among the ceo as part of the business round table that called on companies to consider customers, not just shareholders in business decisions. let's bring in michael lee. business round table has been around since the '70s. they wanted to change the mission statement and that's all it is. isn't it fair that ceos have to be able to navigate political waters and this seems to be a step in the right direction for them? >> this talk of placing stakeholder value above shareholder value i think is -- it's borderline on insanity. i think this is hedging ahead of a potential president bernie sanders or president elizabeth warren. but if they're actually serious about this, this could be devastating. it's the quest for profit and efficiency is what drives innovation. it's literally what's driven america to be the greatest. cheryl: the corporate raiders of the '80s drove us into harsh economic times. credit default swaps drove us into a great recession in 2008. sometimes going for prof

. >> kathleen, great to get your insight. david, great to get yours as well. go to shanghai. this is the world artificial intelligence conference. jack ma and elon musk talking to each other, it started off with, somebody was remarking, elon musk pontificating on the difference between humans and chimps, saying ai will be smarter than humans. we have broad rhetorical questions. jack ma is talking, the boss of alibaba. that is the ai conferencing shanghai. -- conference in shanghai. you can go to the bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy a new samsung note. click, call or visit a store today. >> we have to factor in how the headwinds are going to affect to achieve full employment a

well. it also made my policy center. host: kathleen hall jamieson, you did goo dedicate your book r inner berg, what is a double by. guest: is a concept that was developed by gregory that you can put people in a situation where there is no good choice. you make one choice you're penalized in opposite your penalized and those are your only choices. so for example, women are expected to be confident and caring but if they make the argument for confidence, their overstepping gender bounds and as a result inappropriate for the gender if there to carry and they cannot be confident. it's a double bind. women who move into leadership surmount this because the book is how you surmount it establishing those two things are not compatible, they are compatible and putting in place credentials to establish the comfort ability. we see these traps affecting women still as he moved to leadership, less so but still. human history of efforts to achieves human rights. call it uterus plane. you expect to usury uterus or your brain but you cannot use both.

well on the close. hong kong's market has been gaining in late trade, up high 0.1%. on track for a weekly gain. kong,t comes to hong kathleening at the jackson hole symposium on the sidelines. she was warning 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 adjustme

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 expected and somehow avoiding the challenge of the bigger department store chains. after hours, we saw

well. like, he and kathleen kind of creating this position and you kind of, you have to build and network andof make your own schedule, your own pace. but you also when you have other team members and you got to focus or you are not overlapping each other's work and that you kind of make headway. but do you have any -- yes. >> before i came to florida i was working in louisiana and they recently started a reentry association themselves on the past year and half or so. it's been very successful. i would highly recommend that you find some of those people while you're here and talk to them. but it's really about getting people to volunteer in their area and meeting as a group bimonthly, and is really hitting all the basis, collectively deciding what's best for the entire state. >> thank you. >> one of the biggest challenges is getting the word out. there's so many people who don't know the oxford house exists or that they have options when come home. and so if are going to be that light that i talked about earlier and run the darkness away, then it's up to you and i to volunteer, go inside the

well, that trademark's worth something. i'd like to actually go over the financials with everybody. kathleen: okay. lilian: okay.ax: come on, domino. come on, zeus. lemonis: when i look at 2015... kathleen: yeah. lemonis: $900,000 of revenue, $489,000 of cost of goods. then all the expenses is $888,000. kathleen: mm-hmm. lemonis: so last year, the company lost $477,000? kathleen: under the ceo's margin. lemonis: there's a ceo here today? kathleen: the ceo left. she got pinched by playboy. she's doing their digital marketing. lemonis: oh. why did you hire a ceo? max: i don't feel qualified to be a ceo. lemonis: cost, sale, gross profit. max: not hard? lemonis: yeah. max: to minimize our 3pl cost, we're gonna try and bring in-house our direct-to-consumer shipping. so we're gonna fulfill downstairs. lemonis: so you're gonna get in the distribution business in an office plaza? max: kind of, yes. kathleen: we're really not hoping to do so. lemonis: it's not a distribution center. it's a little office in a strip mall. secondly, i don't think it's ever a good idea to distribute products from one coast or the other when

well. now you are talking about three bureau prisons directors in the last two years. the new prisons director is now dr. kathleenyer. she was the director of the bop from 1992 to 2003. she started as a psychologist in the bop and she is now coming out of retirement to lead the bureau of prisons. all of this stemming as a result of what happened to jeffrey epstein at mcc. attorney general william barr saying that there were some serious irregular days at the metropolitan correctional center that allowed for jeffrey epstein to hang himself in a suicide, according to an autopsy report. we will see what comes from that. all of that happening, harris, as there is a new video from the daily mail from 2010 in december that shows prince andrew, the duke of york, inside of jeffrey epstein's new york city mansion as young women are coming in and out of the home. i will describe the video to you. you see prince andrew opening the front door of epstein's upper east side mansion, and the prince is seen waving goodbye to a young brunette who is seen leaving the home. moments before that, epstein himself is seen leaving his up

well. my mom had to piece together a masters degree in the process. it is an important issue. >> this is not a shy crowd. >> my name is kathleen kennedy townsend and i'm thrilled to hear from each of you and what you brought to congress. it is really terrific to hear from you. i am working on the issue of retirement security. i want to ask you to think about this issue. 50% of americans have nothing save the for retirement and that is because 50% of all businesses in the united states don't have a retirement plan. we've done a survey on bipartisan centers, we have done a survey that says if you give 4000 americans, 70% of republicans and 70% democrats and 86% of millennials like this plan i will tell it to you briefly and you can go back to congress and introduce it. if you say there is no retirement plan, 1.5%, they get to decide 3% invested in state street and they get a monthly paycheck for the rest of their life. that gives them affordability. right now people change jobs all the time. all the retirement is attached to their jobs so we need a new system, a retirement security that is attached to the business that goes with the individual wherever

general has turned to somebody he knows very well, a woman that he put in charge of the bureau of prisons the last time he was attorney general in 1992 kathleen hawk sawyer. she had been in the bureau for 27 years. she was appointed in 1992 as the director. and he's also bringing back tom ckane who was 40 years in the bureau of prisons. he was deputy director. he will be deputy director again. this was very decisive action in the wake of the jeffrey epstein suicide. it's the latest change recall last week the warden of the prison in new york, the mcc, the metropolitan correction centers and two prison employees we assume the two that were on duty the night epstein died were put on temporary leave. so more decisive action. >> all right. at this point do we know about other actions at the attorney general that looking to take? >> no. frankly, we didn't know these were coming. last week the attorney general the justice department said that after making the changes i discussed at the metropolitan correction center that other changes could be made. when we asked last week what might that be, we were told we don't know yet. people at the justice de

harris: well, unfortunately, representative gabbard got it wrong. kathleenius did not write my plan. she endorsed it as being one of the plans that is the best to get us to a place where everyone is going to have access to healthcare in america. and when we talk about this again, i'm going to go back to vice president biden, because your plan does not cover everyone in america. by your staff's and your own definition, 10 million people -- as many as 10 million people will not have access to healthcare. and in 2019 in america, for a democrat to be running for president with a plan that does not cover everyone, i think is without excuse. our plan covers everyone -- ms. bash: thank you, senator. sen. harris: -- and gives people choice ms. bash: thank you, senator. vice president biden, your response? vice pres. biden: my plan does -- will cover everyone, number one. number two, the fact is that my plan also calls for controlling drug prices. the biopharma is now where things are going to go. it's no longer chemicals. it's about all these breakthroughs that we h

kathleen: if we have an beater -- inverted yield curve, even if it is flat -- inverted yield curve makes it tough for banks to make money. a recession hurts as wellt that also a risk, as you look at the landscape when it comes to banks? not have a worried for too much yield, but they will not make money, and that is one of the worst thing that can happen. eric: the worst thing that can happen to a bank is getting large loan losses. when i look at the risks banks are taking, one of my concerns is commercial real estate. we are in boston, you see lots of buildings, some are relatively new. there are new models of real estate that i think are reaching for yield behavior. when you look at shared office space, for example, that is an indication that the pricing of commercial real estate has gone quite rich. in the next economic downturn, we may see more losses in commercial real estate than we otherwise would. that is an example where low interest rates can encourage firms to take on more risk with commercial real estate, which in the next downturn, would cause problems for banks, loan losses. usually they don't go bankrupt because the profit margins

well as the u.s. the boston fed president eric rosengren was one of two members who voted against the cut in july. he explained his dissent in an exclusive interview with kathleen rosengren it was tied to the : fact economic conditions are still pretty good. inflation is a little bit low. the core measure is 1.6%. if you take out some of the outliers using the dallas trim mean it is closer to 2%. ,my own view was we have to be careful not to ease too much when you do not have significant problems. the focus is not to do something that affects the exchange rate that necessarily takes care of the world economy. we are supposed to focus on unemployment and inflation in the united states and we are in a good place. there are costs to easing when we do not need to ease. >> what is the cost? mr. rosengren there are several : costs. you 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. when we lower interest rates -- you make expenditures you might not otherwise have made. when we lower interest rates, we make the cost of debt lower. households

well behaved. it is the confidence part that has been the big bugbear, something we know least about. kathleenthere were a couple weeks when so many asian central banks cut their rates. the knee-jerk responses, look, currency war. asian central bank are doing a lot of things you are. there is a trade war. it is getting worse. respond?u what is the difference between cutting rates because you think you need to or currency war? vastly different. i would not even consider a currency war because that is a race to the bottom in a negative sum game. exchange rate is simply a relative price. i want people to think hard about why would they be holding a new zealand dollar-denominated asset for the long-term economic reasons? worrying about short-term volatility is interesting, but it's not going to inform you. in terms of the told of a currency war, i'm not sure what they would be. intervention can work. temporarily in some situations. not a long-term path. a long-term path is low inflation, maximum sustainable employment. are aen: apparently you fan of negative rates. would negative rates boost infla

well as 10-year bunds. europe, theylow in are primitive in terms of how rates can rally -- of how bune can rall -- about how bunds can rally. -- bostonston said fed president was speaking with kathleen hays, and he pushed back against the idea that the needs lower rates. are likely to have a second half of the year that is much closer to 2% growth. when we have low unemployment, low inflation, unless that changes -- and it may change -- i do not see a lot of need to take action. vonnie: so to percent growth, scott. can we get there? so 2% growth, scott, can we get there? scott: when you look at a consumer, which is a big part of the u.s. economy, the consumer looks very positive. positive job growth, positive earnings. you have low financing rates. so the consumer part of the u.s. economy looks to be very strong. but i think his comments are another reason why we are seeing this flattening in the yield curve, another reason we are seeing this drive down in rates. it seems to be at the fed a mix between those who want more aggressive policy cutting and those that want less. what happens then is the market assumes the fed cannot get ahead of the curve in terms of easing, which drives

kathleen sibelius, former hhs secretary, had to endorse or plan. "that shows her in the pocket of big insurance companies, big pharma." those attacks were devastating. and so wellelivered. >> kennedy: i want to add onto that. tulsi gabbard gave joe biden a little bit of cold don't not covered. he was challenged about his vote for the iraq war in the early 2000s. he said, "we were all sort of bamboozled into it." she had a really poignant moment where she said, "think how i feel. i am mike enlisted." that formed her former policy. >> dagen: one more thing, joe biden makes these watchable because he's like that bridesmaid in her 24th wedding with the jell-o legs, and you never know what's going to happen during the wedding ceremony. when she comes out on the other end of it and doesn't pass out, we are kind of excited. >> jillian: who are you friends with? >> lisa: that's a lot of weddings! >> dagen: it makes it watchable. right? >> ari: there's one other moment, that i can't let go. tulsi gabbard said that donald trump are supporting al qaeda. this should lead to a feeding frenzy and it shows you how bias works. if a republican said that about a democratic candi

well, trump is doing black americans a favor so black men can have jobs and feed their family. host: ok. kathleenthat was the voice of kathleen there. and michael from milford, massachusetts. go ahead, michael. caller: hi, good morning. i just like to point out the fact that i heard the previous caller talking about how great our president is. i defer the other. i'm curious about the -- not being oversought as far as people keeping track of them. i read in the "washington post" yesterday that a detroit resident, citizen of the united states was deported to iraq. he was not only mentally ill, he was typhoid diuretic. he died on the streets in iraq. that is absolutely out of hand for my country, you know? i don't know how people can think that there's such a good thing going on. you got remember. people are human and you treat humans as the way you want to be treated and if you're treating humans this way, i can only imagine what the repercussion will be in the future. host: the u.s. authorities strongly defend wednesday's mass immigration raids in mississippi saying the secretive operations to arr

out some frighteningly weak industrial production data, as well, so that has added to the general sentiment of nervousness. let‘s bring in kathleennomy. it isn't helping but they have individual concerns around their cobalt mines. it is a big ingredient for batteries and electric cars. they are closing one of their cobalt minds because the price of it is so low so make up that what you will about demand for that what you will about demand for that for use in electric cars. it is not there, yet. there are individual issues with some of the other mines linked to glencore. the mining business is complex. so a global slowdown would be one of the reasons why glencore would seen profits fall but they were optimistic with profits in the region of $3 billion, still, for the rest of this year. we had been talking about the potential impact of no—deal brexit. in terms of finance and the city, what do you see as the likely impact? this week thatis see as the likely impact? this week that is not the main theme in the markets. it has been the us and china. we still have absolutely no idea. until they get the focus on finance for this issue wh

>> well, i -- i just feel that what my plan is just going to be the most relevant plan, and i will tell you the architect of the affordable care act, kathleenebelius, has spoken about my plan as it being something that would be one of the closest to actually achieve medicare and health care for all people. many experts have said that who have reviewed my plan. i'm very proud of my plan because i do believe that it is going to be the most relevant and the most helpful to american families. >> how did you -- finally, how did you find vice president biden on that stage tonight in your discussions with him compared to the last time? did you -- did you -- did you notice you were a more formidable opponent, the same? did you have any sense of that? >> well, the exchanges that come to mind that we had tonight where we have a difference of opinion are on the discussion we had previously. >> right. >> the last debate. and health care. and i just simply disagree with it is not a plan that is going to bring health care to all americans. by his plan and his the people on his team. by their own definition almost 10 million americans will not have health