krishna:: yes, it is a good report. i think there is no doubt economics strength, just in the u.s., but on a global basis is with us. the data is to be very very strong. the real question is is it strong enough and sustainable enough to put the said behind the curve -- fed behind the curve if at some point they decide that is what is going on, or does the data sort of, soften up down the road? we can debate both sides of the moment. jonathan: let's have the debate. joe higgins, for many people, the jobs report validates the slow pace of interest rate hikes looking wages what struck me, treasury yields at 2017 highs, but the shape of the curve has hardly changed. what is the message there? joe: the curve is telling us there is more growth ahead and the fed -- it is undetermined the fed isthe curve what one can we like to look at it participation rate versus unemployment rate. what we need to see in the thats and period ahead is people do come back into the employment pool, and that could help to slow down wage pressures.

we discussed that with the senior vp of ibm business, arvind krishna.new product you have unveiled. ibm blockchain. what actually does it do? >> the blockchain is one of the most fundamental technologies since the early internet. it will change transactions. what the internet did for information blockchain will do for transactions. how is it going to do that? it is the first time we can have proper transactions with multiple parties. caroline: so, immediately i think the key part of this would be the banks. ? but is it across industry? >> many. cross -- shipping containers, health care, in terms of transportation, health care, it can go to food, like companies like walmart doing food safety. of course, financials. capital market, settlements, equity changes. i believe blockchain will change the physical world, not just the world of money. caroline: is this already being sold to clients? how much do you think this will drive revenue for ibm? is there a competitor? >> it will drive revenue. if i give you the number of clients we are working with, over 400

researchup with ibm's director of arvind krishna about blockchain.loomberg. ♪ cory: here's a story we are watching. as if the pc industry doesn't have enough problems, the trump administration has imposed a new rule banning pcs on life from the u.k. -- flights from the u.k. to the middle east. officials say there's no specific threat, but the new rule is what they call evaluating intelligence. the uk's following the suit with a similar restriction. back to the ibm cloud conference in las vegas with caroline hyde. caroline: i have a great conversation up next. i'm talking blockchain. what is it and what does it mean for your business? we discussed that with the senior vp of ibm business, arvind krishna. a great new product you have unveiled. ibm blockchain. what actually does it do? >> the blockchain is one of the most fundamental technologies since the early internet. it will change transactions. what the internet did for information blockchain will do for transactions. how is it going to do that? it is the first time we can have proper transactions

krishna: absolutely. very much so. not just in the u.s., on a global basis, the picture is quite good. we're looking at a significant uptrend in earnings. the question is how much of that is already discounted and the prices. for us to get to the next level from really high valuation levels already embedded in the marketplace, what are we looking for to happen in the real economy? the answer to that is we are expecting a significant tax cut, a significant policy move on infrastructure and things like that. the asset test is does the ? ficit widene if not, growth will be a 2% but not accelerate and markets will have to do some adjustments. and i: that adjustment -- want to press a little bit more on this. the risk for u.s. equities is arguably greater than it has been at any point of this cycle here of the bull market. what about the underlying strength in earnings? we basically went a year without any earnings. now they are coming back. we look at the earnings yield relative to even though we had a bump up in the 10-ye

from across the country flocked to the state of our province to seek blessings from the hindu deity krishna. it is also known as the festival of colors. revelers traditionally throw colored powder and water at each other. the celebrations are set to continue for the next five days. you are watching "dw news." i will be back after a short break to take you through the day. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >>> the kingdom of cambodia, renowned for the iconic world heritage site the located on

. >> reporter: study co-author krishna shenoy says his broader research with neural prosthetics showsple are comfortable with much more now than just knee replacements. for example, electrodes to control parkinson's tremors. >> 15 years ago society started to become comfortable with deep brain stimulators. when you turn the system on, the tremor essentially stops. it's like magic. tens of thousands of people are walking around every day with these electronic systems in their brains. so the question is, is there something sacrosanct about the brain, that we shouldn't go there, this is extremely important to be guided by bio- ethics, neuro-ethics, but this is a case where we can do tremendous good if this is developed and deployed correctly. >> reporter: dennis degray says that while he's able to utilize a range of communication systems, he's participating in the trial to help advance a technology that may benefit those who don't have as many options. >> what we're performing here is basic science. we're building a foundation upon which the roboticists, the communicators, the mechanical

. >> we have shiva and krishna to welcome you. >> reporter: the brilliant's california home is replete with symbols that reflect an embrace of all major religions. >> when i was with neem karoli baba he would say sub ek, all one. >> reporter: that was the spirit of the '60s and '70s, he writes, when beautiful flowers blossomed alongside vicious weeds-- an era that was neither all martin luther king nor all charles manson. for the pbs newshour, this is fred de sam lazaro, in mill valley, california. >> sreenivasan: fred's reporting is part of the undertold stories project at the university of st. thomas in minnesota. and we'll be back shortly with thoughts from a woman who tackled family healthcare challenges by writing a book. but first, take a moment to hear from your local pbs station. >> sreenivasan: now to another in our brief but spectacular series, where we ask people to tonight, we hear from kelly corrigan, a new york times best- selling author and host of the podcast, "exactly." corrigan talks about how her family's health struggles inspired her work. >> i do, do a word a day a

woman and the judge in of the rape of an 18—year—old woman and thejudge in the case, judge lindsay krishna inhibited behaviour could potentially put them in danger. she made many more comments but effectively it was seen by some victims groups as getting very close to victim blaming. how did you interpret her comments? yes, i did worry about that because the key thing is, surely, if those groups deal with crisis and violence against women and girls, the organisation to look after those who have been abused and those who will be future victims of sexual abuse, if they are worried that it looks like victim blaming, they are the experts, actually, and they will appreciate that that might have an impact on people being more relu cta nt to impact on people being more reluctant to come forward to make a complaint about rape because they've had a drink. that is very undesirable because we all know, i think it's pretty common knowledge now, that it's extremely difficult to complain about an offence like rape which requires you to stay in considerable detail the most intimate things that have happe

. >> meanwhile, krishna, you're saying it's not clear what is going to happen here, maybe investors shouldortunities. >> absolutely. we are getting caught up in the drama of the passage of this thing. at the end of the day the economic impact of health care passage is really minimal. what we're talking about is tax reform and there if it is going to be a fiscal consolidation, that is there's no widening of fiscal deficit, the likelihood that it ends up being reflati reflationary trade in my mind is pretty small. if we don't pass it today, may go down, if we pass it may have a brief rally but give it back over the next few months. sb better stunts are internationally. europe, better and emerging markets because they are so cheap relative to other markets. >> i guess we've proven out here with what health care's done even if you have a sense of what might happen, you don't know how the market is going to metabolize that at any given time. so i wonder if we could be having a discussion in a few months saying, well, comprehensive tax reform might not get done but somehow the market's going to

krishna holdings has been accused of patented accused of patent and french, false advertisement.bout some of the best-selling around $4 a ball. costco says it does not infringe on any patents and has not engaged in any false advertising. berea. maria: thank you so much. i did not know that there was a sub today. thank you for that, lauren. but you make about these? >> i've are interested about the border crossing. i wonder if there's a backlash against all these hollywood movies are his who threatened to move out of the united states. maybe they are trying to make sure they don't come up msf canada. maria: it's a good point to bring up. they want those people deported. but everybody crossing the border, canadians are getting upset. >> now maybe justin trudeau will build that wall. it'll be huge. maria: heat-treated that canada is open when this discussion is happening. dagen: people crossing for health care maybe. >> the debate we are having in the united states as a global debate about the differences between nationalism and globalism. there's blowback all over the world includi