snthr ds st wk th iolpicoci th we ow ay wt ardog thbhhe se, 4 lln o apo, 0 lln iraruur. wt me rehere eranob thne f mdlcls bs ari. wh ldso ccs li wi? rethgs a clihi the atsevag t le prec, noti a tenogy lera iclr. i meita dcuioonhe mbs t hse ts,oo.kg ueetoevaglolies rerdho w sp u if youo veoc meygi a tt cnc o gti feramoy. owheho ceshap3 ve s ts dve vegeaso t ctr inplofhaweri. thk outhli o prec. weavse ts whito -- wha sn isotusin shgt wreeoe re ll. inosn,he pplkied ou wdo oraca. ta rar tselas at e t inngusabt nsucon eyrehiinabt e innae d nger e irisnnatn d chlo. t pce a thnogy itlf wereoongt anng ericanunli thnog el mk iloinathain bongacne its itexte bo mhis veothaed an50ea. hehis c iree e eethri i0 me dnonowh wdoot ow you edo t ndsior w,nnate chloes clde ttgrod a ffen w, , yrs rehaeonpt thu. cfencf yo arpuinfoarashela toelasstou wi cseitth. wi wk tl fo lp ueteplin d moatays omve sileowanci ith naono lpethipaed eriso tt tnke ulbeoi f js,uaty if ithonthg atnis l u balofmecacieswe veai--teedp. anyofoalofou suor . hoha y. . tz tnkoumr chrm. fothoprtittooman teif myamsimat ier

eaie tisea pnsvaa ouedhela o23eaol ste toor ldoweer lln e nef tyn ceer0, 26. r firsutn tir unor ehaykninth n e hrm wt y met. weavto-n ha o atfunaonhk u l e oics o rv anyo . ear,nd ie bkhealcef me e ear o mpe:he getlaniesba. r apuosdo t ntewafr n jse ek coitn? wiho ojei, t gelem iecgnedor n mut tiseaheil cty einrsavamri a d-usatg. ms wsoolani st hilit heeefo veme i o frtrtue. ourds bdgs d werys eeiereplinr decr ty lo talof u rothnede ttheda inrsteigay nfstucre pjes ve adiollnjedro ptinuprtnd ledehi pri aatainou steur tanorti st eas ce ad potutyfoll aowg rjo ceaonenoc ow, doerg natn. wcoin twaorhe pridt ufoh pn drueor tar vemt o nti's uli iraruur w a wne thure o miio o dla i lst ecom odtitynd hrttoheafy a cutoounaon it tmeo bld iiti tonvt amic a y. e ear roemreth ntwon el bck fowh ppo dshe gelen om cifni sk regnio tutbjctn,heenem isegnedor o mnu. tanyo, . ear. ase ow ts eeis niolole ek mramfama ofirsav coe omllvethoutr whito d. 's tefous tsh pprtorur oirs aho byhain tm orhe acfis teyak i coiz al e n d woenn dtrctho cric pte ad rv ou cmutiacd. e c'tll ts scric qe

sen lln tensillo thr x ed f tir fali ith bl. chdr wl ht vely peleitdibiti, seor y ne . yona i buth d'--t pt e cotrti o veme, ic inoev phoshil. iidloca tt'itnde llos o lln,urouleer rdjo. , ' gngo veo ve althgrite t wld toheutderos o e paicatg o tn mein a catg mend reblan dtrtso ke rehapelead pcea plfo tspk outhr owstieanwh ts an tohe th ihoweeftethbi thfit meut eyonheilbyakg woe,y ckg se t coertis me tts woe,ndowhewa tma itor ithsete wlde hoib tng i's sslehecod ss e lln e na. grt als ske d'wa tbeeamoer t he mile. d e bizaonutde omheros s en eccur. anofouhaha rtipedn atthk u. ouindeanvengannl goo r. thouidmoliti mes is- kealthdierce t wld liolsa, bl stint eryin tht,ouanccplh mo athg. tht , accay thg. d tt wree e r reths gfoarwi th. mai stayma horar afrd aemr cgrs , t ininodedy na sumaasigamg em thk u,ond,orouki wos. the y - whe d g diheea? th ianppusli. [alae] mstaene ve nbeof leerof l othonne grpshaha fmesie e econn e dice weantolspatrutto e ftaicorth he enoi tdendhecand soheha bn ina t oforony xtop, ic tasyoa esonbo threntves lad ruia kn y d annowha. buas ithwaweivin wa

ifouooatheriri, er0 llnotshoo no tiraravit a a teorhepsrt er0 lln ntorru ananrs ana g as wi in is tde e o hem we vyuc igd tde d gs kehi thon gatide asof e ittas h bn lled o bglalatn dra. d e way bngmeca bsacfr oveeaiso ar eorngraul a isgarfs hrdn throbeie nds d omond um wels hrdrobo o tse ndat t dir texit th t autf a - y t ectat natr yovod r esentrp, orilry clionrhoer so othe aumtsit me i narfris waargop lileit theuyreteinfr amicantan eranob d suletia. anifouooatheolng ryntesngol,or ame,he p pl wh e tideury. th hn tideury at okthaisheor nuernecomisurper th aedoresnsfr a ov t wld a joty o arinsai cha,heabt onic peow. thmari oth bti sd in inrein? rht thmari o respoen fm ouri sd in e lyoury thadino sacha s in ok eris rsofohi t anndstd y fe tsxienalng abt in bau a the onischd isoi o view. yby atea t nsper t wl's rgt ony. s e veee td ecom anod rdi vitfa i thsuerf01 treasn tie bjophtiit caedthches ctu," erheaicha st suasd t utestess e rgt ony. hocod n fl isntl ks wou y, etr u te fodoldru ono seh nofe teainth t be ds ari a bin usnde ou t tma ouels gatga. inishe bkguntohi dere soha wreo g ts?

at cveatn s ol prrie t cveatn d thk ol aroia thhe eectisref ouinllenarer poerf cod lln at ger. veoueaedutoorgn fitehoig ctrut toucnfmaono e s. an tk tmbo i yi tethe rctn? geramcst: he t ani n se at coertis veeeel abt at poer gngo urhe eaie tresn trede ar tt hodn he shedwhidhe coteerri ais coache.i. d e s.? nelcmte im t re i veotaldo embo at authye rch o. poer y wldndstd whthe w aean ea t. nelcmte w ith ro. e craroftaasn e om thdetydvororatna seriasn eooan no ous ft aayha coerti w ippprte rert: nel,heashe desi me sreha foatn thheusan d e psintpoanus t st ci tgi tt foatn er s eranntagcy pres aorl cionki pce i adncto t rsi mti? nel masr:s y kw 'shoyppprteorhe pridto arwhev foatn tnk c h veo vae eecitof thamiceoe. d atnfmaonee shed pvisl i n se ouha rert::heide kehe cionthghir geracmte hma t cion ithonxtf e nvsaonhi w wll apopat in wthecpi o in he. thpridtaseengit eorgnintebo t rris tea 'd ao is se fful su. ate eecd tmsf diertehiofo rsi iney aasikukin i ri buhethpridt s phizg, h, he mm ierts he. he wk geer i cric aasnd wha a eaf opatn wh trsniolerri gazaon isnarcur. anrgizio tt d a

. $43 lln t from helping poor children. the rs-- one of the wors bills, pio for womenn the history of t cgress. anincread costs, decreases nefits. hasn't- s a harmful age tax. s 24 million peoplof vege. and unrmes medare. very widely unpopulain the blic. where'the jobs? they couldavintroduced a jobs bill early on. by four weeks into his administration. fo weeks from the day of his inaugurationreside obama signed themecan reinvestment nd recoveryct. reporter: it seems like theyre not getting ve far on any of those thgs, anyou are trying to be this bactoonour side of the aisle to th tryinto mo tir veron of health ca othr version of tax rerm. this is goinofthe rail. ms. pelosi: that's the problem. we have always said we would kith them on fairness, reew of e x system. that we would talk about lori t corporate rate. closg x looples. ving a tax bill that wld crea jobs,roh, good-paying jobs. we look rwd that discussion. so far what we have se i something that adds $5.5 ilon to the deficit as i vetabrks to the high en the trickle-

that they would allow to runoff and that will be much more gradual than letting the $650 million -- or llnthe next year run off. jonathan: greg davis, is that how you view it? almost a nonevent? really? greg: i would not say a nonevent, but the devil is in the details. i think it will be gradual and you are likely to see some kind of high pause in terms of the rate hike cycle is the fed tries to figure out what impact the reduction of the balance sheet will have. we think it will be unlikely you see both of them happening at the exact same time, that they will take a pause on the hiking cycle to see how the balance sheet unwind impacts the marketplace. jonathan: a quick check on the market. treasuries throughout the week and yields grinding lower, down by about two basis points. a minimal move higher. approaching 3%. still ahead on the final spread, it is the week ahead featuring the new silk road, president trump going on tour. this is "bloomberg real yield." ♪ ♪ jonathan: from new york city, i am jonathan ferro. this is "bloomberg real yield." it is time now for the final spread. coming

inovbe en aou nit r r rt cie 2sshi nio pse 23y lln dla - biio iinasucre instnt a ousth ian poan men bau t inangee he t ehas minsu y w t arme ite omoe om fw-mo t pgrs ar h ruc whito ciesreoi b. th bngmeactohe alngweac i owoureisdffbo thpotil me warin d keo ste,urals e dettk d dne toig bk. inos angese t $ miioju a f tma se iigntac t teaof poatn tht ga reestaon cae y kw wt? ppus i'thgrds oareer whdwsteou omhear cma aor wereoi tadt ilo anle goa zen ciesorrey ditheexda [alae] e e t stoi ts cae ithwrintoo r ur ieltio wh r ony,he wbud w eejo. he t fhtndin ishi hsest into ccd d agngs ck toheasbeusi owe veheonitioanth amiceoe oid a gngo n os fits t erdawepe pyi defensis d warno mangroes wefe rsvesolyy r poti tth i mistti, weel ouelshondelth amic pplor oucotrist trsfmaon men tt s out alng a oprtits li athg ha erac. thfures re thamic pple arwain fosoontote u t ld wh e nfen a coagweee e e't c weyoha. d't ghpeimm thor peimm. mo iornt,o't se itinmeca he nemanghis ouisrybuwereoi aminthgsigown ti aosth cnt. ta ifr m. as mori e ery ng d. l's fud stlfo leinthfureapn,nd t' rol tma aute wchve arin n nd eip

alofmilliopelere, 7 lln iraqiees returned to their homes. and finance is down to the lowest level. foreign fighters unable to travel to syria and those in syria are more than likely to die there. the threat will not end with the battles in mosul and raqqa but the end of the caliphate is coming into sight. the pressure has only started and we will work together as a united team to do everything we can to defeat isis and make sure they can never return to areas we retake. >> is an international coalition. fighting been tough and they are still dangerous and it is not going to be over soon but we are going to continue to press. with that, can we take questions? described to changes the president made in the approach. one was a tactical shift having to do with surrounding isis in their stronghold. i wonder if you could explain the significance of that and say how will that apply to the coming fight in the river valley? and in the same vein, same area, the government said they are going to reassert their authority out in that direction and if they are going to challenge opposition force

aeang inhe judiary cmtee a certain ts st monday w noredhose whoragicay asnded to the walhe memorial lln ic w hor poceroacss t nio so i tinkt' iornto p on the recd atonofs, i ulhope, certalyon't, take back at to thereec and adraon and the wkha we doo ep ou la enrcement first responde safe ando mmend tm r thr serce ase ctueo work opoce andcouny rkg gether. wels are atulorho o e gaged in eand commni laonan as ll, working with der commuts. t macknowledge indiduls fr hst tte ave lost, asstt depu chiefclinton greenod oir icar -riard k. martin, deuty of harr count, d of ue thoseho died in dals ic includ jry walker ue elm police department, he di i ltle e, ut officers dalla bnthopson, sirget michae smith,orra ars, patrk za mombgsa ndths. i' hd e chce to orwi number ofhiefs of poli, including chiefrown, one of theirstolehis in housn at was aeo rk with as i eg to engage ubcl mckeen and now cef evedo and ie i between. iarticularly thanth for worki thhe cmmity in stssful tesdungim o olencevidencedout inhe commuty no againolice but against cmuties, keeping the peace if youil we tried to work togethe

banks that have $50 lln n't play the same risks bank thaha$750 billion or $2 trillion. senator tillis: what otr regulations or provisions of dd-frank do you feel suld be revisited for bendhat we've justalked about for mid size and regional banks? and specifically, i thi it wa senator meneez that was talking about trng to t to the fos at neeaccess to anto be able to invest, the mid size and small binesses, i guess primarily, but what other areas should we beooking atr at other areas areou ing to give us as feedback for where wehod be prioritizing any other provisions o dodd-fnk? excuse me. mr. mnhin: wl, i look forward t next couple of weeks, we will be liring the extense report and we will be more than happy to come ansi down with the mmittee and go through the recommdaon it will be quite detled. senator ll: gd. we' looking for that. because i thinweee leadership from th administration to cus our efforts soe can get to birtisan reforms. the are a lot of singles and doubles that we n t if we gea very clear indication from the admistration what will be well received anwha

whhs ryosiv outfn e gh diusonfoeniorspele th mtie chroc ndio, rsgom, e llhaamfr t hses t ooseirti$8 lln incufr micd. mhin,hr o ofi seorinurngom a ha t pplwi dibiti a cer b meca. am uerorg y iso poanweavnp. ishricarcts ry sive er h ce s gave wldndcuvethge e lkg ou i nto eciclyal abt e vueas iurce degnod, t mein tt ernen e plirely ulbehiin oiner o anmpventn e st. pbay veo y iss eicgaxptn00 dr mk ndx omhe ivsi omiig cte fovaes bednsan degnth he de criborinvave alla, sis,o we ca aos setovierooani lk outh awe. isou te fm il inomtaso e pouny r erta t usth. rs m lele,ou ntneyoarciti i eod. wa y tta me ou th, e peoflaesns u vencpote veouseitn he coeralla, d veou ennyest f wh wt ulth b hnovac iou bhay . he 80 mice vaagth a ctrle sunc weavhathoprtitto ve l ocoulti wh drheicanhistf wh h kws e. he en spo mthumr urweo't venyestset e an we veesne bacay s seesf s $2 ienveth wha t pain cck peleanchveerin al bacay,heir incenve hlttta ta nsta. thsendte s se al foyose. eyou bdiet, ey ulbeomhi ee. e nt , u eabshom otroandoronhe ep yod't haveo hie em leeit yod't veo he -yo ma a eortooront. steoe veee ehud o