or did they, in fact, intend to insert themselves into the lection? or did they make the decision after they were caught? charlie: have we seen the tip of the iceberg? >> i would expect there is much more. this appears to be much more than espionage. something like an information warfare operation. on some level that shouldn't surprise us. the russians have been running these types of operations in europe for a couple of years. they have done it in ukraine, eastern europe, they hacked a television station in paris. they claimed to be the islamic state. where they have changed tactics or upped the game, they decided to intervene in a very contentious election in the u.s. and there is no doubt they have a lot of information with which to do that. the attacks have come out, the victims are part of a small subset of a larger set of eople who were targeted. security firms tracked 4000 spearfishing e-mails from the gre intelligence unit and they crossed a whole bunch of categories. there are lawyers, lobbyists, foundations. they go into every corner of the

mean while,lection supervisorsi. check their equipment and test it out and they're determined to make sure this election is run with integrity. we're three weeks shy of the primary electio months from the general, bought already donald trump says the results may be tainted. >> november 8th we better be careful, because that election is rigged. i hope the republicans are watching closely, or it will be taken away from us. >> the comments follow recent federal court rulings against voter i.d. laws in several states, though he hasn't detailed how it could be rigged nationwide. >> of course, the elections will not be rigged. run the election process. >> here in florida it's in the hands of county election supervisors. >> in floda you've got 67 counties and you've got 67 supervisors of elections that all run the elections in their individual county. none of these counts are enter connected in any way. >> mondayhe florida supervisor of leaks sent out this letter saying there's no indication from federal law enforcement tha

you should take part in the lection. and comparison between those in trying to bring benefits to our people, to our society, to our locality, being knesset members, being represented in the knesset, all the time this was by far overriding this fear f functioning or behaving like ig leaf. but now i think we are getting close to the point where collectively again the political will, such a decision will be taken unanimously. okay, but i think the conditions are on the ground and pushing us to where that decision, to boycott the sraeli election and say to them, okay, clearly this is your democracy, not ours. this is your jewish state, not ours. go and play alone. i hope sincerely that we not reached that in that we will continue to feel that participating, political participation is better for us. i hope so but i don't feel that this is the case. thank you very much. .. >> thank you very much. now we will move to the question and answer session. if you would like to make a quick comment or ask a question, raise your hand. i

lection flexion -- infelc points, the smart people by at the right times.: you mentioned that companies have so much cash on their balance sheets, but companies are using debt to fund buybacks. they are building up their leverage to do that. julian: which is why we discriminate between and the market has discriminated between rewarding companies that use less leverage to buy back their shares versus those that borrow more. that's what we've seen. indexp buyback generic has underperformed the s&p 500 just because there is a growing discomfort with the use of debt. jonathan: pessimism, toppy markets, what is the trade to express the discussion of the last 10 minutes? julian: hedge yourself into these events, whether it is jackson hole, the fed meetings in september and throughout the balance of the year, and politics. we think it makes sense to sell upside calls which are expensively priced at buy a put spread to finance it. zero cost. essentially what it does it gives you protection for 7% downside which we think is a distinct possibility and get you back in

i'll oppose it after the lection, and i'll oppose it as president. host: your reaction to the former secretary of state there talking about trade and the rest blue print.mic bill in delaware, good morning to you. what do you think of what she say? caller: i think the same old hing we're going to have we've had for the last eight years. you know what makes me mad? disability. i had to retire on disability with a bad back. nobody talks about social for the old people. hey had nerve to tie the thing up to the pole. that is ridiculous. there's people out there that old people rive and can't even make it and now she's going to raise taxes on everybody. yeah, let me tell you something. it's disgusting. it's a shame. for. who are you voting caller: on both sides, nobody says nothing about the people on people. ecurity, young host: who are you voting for in november? caller: it sure ain't going to be clinton. you that. i can't stand no more taxes. host: will it be donald trump? might.: it i don't know yet. host: all right. dan in pittsburgh, good morning to