leavy his harsh criticism of what mark carney is doing. and for that matter, janet yellen.september-december debate either washington, and how that reacts to what we saw yesterday in the markets. manus: we look forward to that. i wonder, will goldman -- it could be $10, tom. we look forward to that show. "surveillance" coming up at the top of the hour. let's go deeper into the emerging market currency story. it is were the worst years since 1997. the selloff is spreading from asia to chile. how long will the slide last? where will it go next? a little bit with more. welcome to the pulse. this roller coaster of selloff is gathering pace. is it nearly done, or what is your view? >> i believe that we will have much more to see in the selloff or the global selloff of emerging-market currencies. this is a key scene for us for the emerging market are since may of 2015. since the summer, anticipating the selloff. driven by china and said years. i believe that we have another 5% or 10% to fall in the emerging market currencies. manus: another 5% or 10% lower. i am looking at the sp

. >> the 1st negative word that comes to mind because leavy is a fine adjective.ry clinton is taking a drumming of her e-mails. so sorry. >> it clearly was not the best choice. i should have used to e-mails, one personal, one for work, and i take responsibility for that decision. and i want to be as transparent as possible, which is why i turned over 55,000 pages, why i have turned over my server. >> so virginal and white. that clears that up. talk about about the responsibility you have in knowing that some of the information that you send or receive might possibly be reclassified. >> i know. sure to get that in. she is so bad it line reading. it's like when you watch snl and they have fresh lines under holding up the cards. that is what i feel like. she is so bad at it. we have been talking about it for so long as she could give a strong, convincing answer, but i guess there isn't one. ione. i could have come up with a better, stronger live by now >> not good on her feet. that was painful and insulting. like tom brady. >> she should choose tom brady is a running

but for the levy breaks -- leavie breaks, we would not be having this conversation about new orleans.ut we would about southern mississippi because southern mississippi also received a scombrunt much of alabama received a brunt of hurricane atrina also. people would have gone to federal court and sought compensation. in this instance, the army corps of engineers is immune from most lawsuits involving how they design, how they engineer, how they construct and how they maintain the leavie systems around the united states. that fact's got to be clear. if i said 10 years ago and i say now, i think that people suffering -- i would suggest that most people who suffer from natural disasters don't realize that the federal government has probably played a role. if they've been victim iced by flooding that they may not realize. there's an automatic right under the stafford act in a natural disaster for public infrastructure to receive compensation for people to be rebuilt so a lot of times there, may be federal support that people may not, if you will, realize. people in the gulf region, new or

joe leavy has a book that came out last your, makes a very powerful argument that in some ways, the inner-cityth under policed and over policed. over policed on all of the stuff that is much like that that is basically harassment and sort of a beleaguered community that is being sort of affront it on all sides over small stuff that is related to sort of clearing corners and the drug war. and when it comes to, you know, again, black lives matter and the most phenomenal sense in terms of the rate of violent, those crimes don't get solved. they don't get attended to. clearance rates for murder in places like compton or was baltimore are extraordinarily low. they are in the 30's. where is the rest of america does in the 60's or 70's. so they don't get the policing they need, they get the policing they don't need. marty came in the first year and was very admirable. then nor slept for reasons that are complicated -- noris left for reasons that are complicated. was almost as if you can i get the reductions in the murder rate he promised as a candidate in the next three or four years were, let's just

we were talking from mickey leavy earlier. what markets do is panic first and think later.are seeing at the moment. scott was just saying that things will settle out in a couple of months. cory: ready, fire, aim. mike: exactly. the data from what is happening on will not be reflected september 17. the fed will not be able to say, china is hurting the u.s. , they willoil is only be able to theorize. cory: they do the same in the minutes. they were waiting to see what the reaction would be in the chinese market. we have certainly seen that since those minutes. mike: the dollar get stronger, which it did up until about a week ago. the dollar is being diffused around the world. olivia: treasury yields are down. mike: if the dollar does get stronger, it pushes inflation yields lower around the world area it is hard to say what it is going to be like. olivia: thank you so much for your time. the dow is down 170 points. bring you aned to update. the selling is showing no sign of abating as we get into the early hours of the session. it looks to be a broad-based selloff. take a loo

hundreds of them died in new orleans when leavies built to protect the city from flooding failed.re some of the scenes from that day. >> power went out at the super dome where 30,000 people are hold up. >> who was at your house with you? >> my wife. >> where is she now? >> i can't find her body. she's gone. >> you can't find your wife? >> no. >> put the weapons down! >> we want help! we want help! we want help! >> never forget those scenes. as journalists we're sent out to the field to cover and document stories like that, like hurricane katrina. but you'll see in this next report, sometimes you end up becoming part of the story. here's mark in his own words. >> this is a video postcard from new orleans, hurricane katrina. what you are about to see is not going to be pretty. this isn't a pretty one either, but it is part of history of what happened here. out of the 32-year history here at cnn, there are two very prominent stories, i think that will always stick with me, sarajevo and hurricane katrina. >> when it hit, we were reporting live. we tried to go outside. it was so danger

but for the levy breaks -- leavie breaks, we would not be having this conversation about new orleans. southern mississippi because southern mississippi also received a scombrunt much of alabama received a brunt of hurricane atrina also. people would have gone to federal court and sought compensation. in this instance, the army corps of engineers is immune from most lawsuits involving how they design, how they engineer, how they construct and how they maintain the leavie systems around the united states. that fact's got to be clear. if i said 10 years ago and i say now, i think that people suffering -- i would suggest that most people who suffer from natural disasters don't realize that the federal government has probably played a role. if they've been victim iced by flooding that they may not realize. there's an automatic right under the stafford act in a natural disaster for public infrastructure to receive compensation for people to be rebuilt so a lot of times there, may be federal support that people may not, if you will, realize. people in the gulf region, new orleans, mississipp

man in the yellow shirt wearing dark rimmed glasses, seen wearing a backpack into the shrine and leavieth the backpack. he's seen taking it carefully off and putting it on the ground before he left. don't know anything about the identity of this man. he's a young man. police don't know whether he is a thai national or foreigner. it's too early to tell. they are combing through a lot of video to see if there's anything unusual leading up to it. video by teem who took video of the moment. this second explosion in bankok, no direct link. the signs point to the fact they could be linked. it was what looks like a handheld device, which is thrown. no injuries. we are told police are on the scene. that is also being very, very closely looked at to see what's going on here. the thai government saying clearly, this is an attack on tourism. if you look at the horrific scenes, the moment of impact, the blast taken from that night. you can see the chaos, horrific scenes and the strength of the blast. the government say thg is very, very clearly tieing tourism to hurt the economy. they have their su

mickey leavy is an economist at baron berg bank. he has been upfront with the tools used by janet yellen. the cast shadow on it. what is the shadow? mickey: it's a group of primarily private academics who analyze and critique the fed and central-bank policies around the world. tom: in this is the great partition. we have two americas, the haves and have-nots. there is inflation in certain areas. there is disinflation in other areas. is janet yellen looking at the right inflation? mickey: ok. the fed in 2012 set out to percent as a long-run inflation target. they chose the pce deflator. prices in goods and services are rising. if you look at the pce and services, they are rising at 2%. tom: i get this mail from every viewer, the economist or wrong and there is more inflation. is that correct? mickey: no. keep in mind, the bureau of economic analysis, they do quality adjustment. the key point here is we are seven years into an economic expansion. the unemployment rate is low. inflation by some measures is below. there is no with of de