accuse the military leadership of routine lives over progress in america's longest war artie's kelly morgan reports. common cynicism aside most people would prefer that those responsible for leading the country tell the truth and this is most especially true when it comes to situations like war where the lives of the men and women in the armed forces are on the line well according to the special inspector for afghan reconstruction the pentagon has been lying for years the problem is there's a disincentive really to tell the truth we have created an incentive to almost require or for people to la there's an odor of mendacity throughout the afghanistan issue and i know congressman connelly has heard me talk about this years ago mendacity and who bruce now the department of defense was quick to chime in and dispute this congressional testimony here is the response the idea that there was some efforts to hide the truth the reality on the ground just doesn't hold water this idea that they were somehow missed statements i don't think that really joe's it has been roughly a month since the washing

david kelly, j.p. morgan asset management.date on what is making headlines outside the business world. viviana hurtado is here. viviana: in iran, protests over a shutdown down jet has turned violent. tear gas was fired at crowds over the weekend. a run leaders admitted the -- iran leaders mistake the country's in shooting down a civilian jet. a volcano in the philippines has forced when he 5000 people from their homes. there have been scores of earthquakes, and that could eruption iser imminent. in taiwan, president tsai ing-wen was a landslide wintering yesterday's vote. she opposes reunification with china. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm the vienna hurtado. this is bloomberg. . alix: thanks so much. coming up, bitcoin enthusiasm. investor enthusiasm is building into the launch of the cme. that's in today's wall street beat. if you have a terminal, check out tv . you can watch us online, interact with us d

morgan kelly, ma iflower. david, what do you think where we going to go this year in the stockmarket >> well, it's not going to be as good as last year. i think we can still probably certainly for the first half of the year move up i think what's really going on here the feds put in a relative gratuitous rate cuts last year what that did is put the yield below inflation. it's hard to find another place domestically putting your money. that's causing the flow of equities behind what we've seen the last few months. i think the economy remains slow and stable that's probably allowing the stockmarket to move up longer term, people need to look at longer terms. evaluations are higher than average, that means music returns over the next decade. >> larry does that make sense? >> i think it makes a lot of zplens look as we turn the page into the new decade, new years, there is a heel of opt mile on u.s. gains and the largest economic expansion in modern history w. that said, we always look forward to a chance to refle

kelly clarkson show"! let's meet the person who requested that song. where is morgan at? high matthew, mark. just so empowering as women, as girls. you go through your hard break ups you lose yourself. well, that song is all about finding yourself and loving yourself through everything that you go through. >> kelly: i agree, i agree. i feel like sometimes you see your friends get in relationships and you're like, where did you go? that can happen. we toured together, kelsey and i, and she so fantastic. i love her. lyrics, they resonate with a lot of people. i think people do lose their identity sometimes. i love that song, thank you for picking it so i could sing it. i've got a little surprise for you because kelse

morgan. the plane went down after dropping retardent. the cause is under investigation. >>> a man who tried to hit livermore police officers with his car were charged. mathew kelly drove at two officers. the officers opened fire and shot kelly in the leg. kelly has addresses in fremont and union city. >>> elizabeth holmes is representing herself. she phoned into a key hearing without a lair present. customers say they may have received inadequate care. her attorneys quit she had not paid her bills. she's accused of misleading investors saying her company could perform lawith a few tropes of glads. >> 49er fans gathered to meet their hero. they are counting down the days until the big game. >> the fans, they are unbelievable, we're going to a special place. the fan base will be crazy in miami. >> his smile says it all. he was scheduled to sign autographs for an hour and a half but it went on for an extra hour. leading up to the big game our team. >> miami will cover all if angles. >>> coming up, a powerful explosion in a houston neighbor, killing two people, leveling a building and damaging homes. >> they are in the bodies of 99% of all americans. beyond the rout

back, you would buy this stock hand over fist kelly says he won't mind flying once it passes inspections the pilots' lives are on the line too today morgantanley updated general electric, arguing that its turnaround is at last at hand g.e.'s long-term insurance woes are handled. the black hole that was the power business is being fixed, and aerospace is pristine. couldn't be better g.e. is a total winner unless unless boeing fails to get this darn plane certified g.e. is among the many aerospace suppliers who won't be able to make their numbers unless the max goes back to being sold and in the production. if boeing keeps botching this, it could shave as much as half a point off our gross domestic product according to the president. southwest and g.e. are among a host of companies that could be great investments unless the federal aviation administration refuses to approve the max by july the outside date that boeing is giving us. now i hope that boeing is promising upod with that deadline everyone seems to have a high opinion on david calhoun, and that includes gary kelley himself. so i'm hoping he'll get it right. that's a lot of hope,

kelly -- there's a big item in there regarding boeing compensation. >> look, the ripples of this are so huge that you can't talk enough about it. now, there was a recommendation at morgantanley. my biggest worry is this thing doesn't get solved, it doesn't get solved we have a unique group of ceos who run the airlines they're outspoken. they're not afraid and they're not diplomatic gary kelly is not diplomatic about this. >> no. he's coming on and i'm looking forward to what he's going to tell us given his speaking about it in the past >> he should be having a huge year. >> you know, guys, i want to talk more about the airlines but i'd love to get to some breaking news this morning as well on hp and xerox. >> i'm nominating everybody. >> because they're nominating everybody. that's something we've told you in the past. hp is going to be nominating 11 directors -- excuse me, xerox is going to be nominating 11 directors for the hewlett-packard board. this, of course, yet another significant move as xerox continues to try to get hewlett-packard to the negotiating table essentially to discuss bringing the two companies together the current bid from xerox, as our viewers li