it was a long four-month shoot and we shot two months in swimming pool in the middle of london london, freezing cold. and we were shot with water cannons, we were wet the whole time. then we shot two months at se so you're dealing with seasickness and some things. the whole time you're diminishing your calorie intake and getting hungrier and moodier and more unpleasant to be around. >> i'm going to shift gears to something a little bit more serious here. as "people" magazine's sexiest man alive. which i'm sorry to hear about that. that must have been difficult. >> quite tragic, yes. i knew it wascoming. >> did you? >> 12 months now. >> we talk to your brother on the red carpet. oh, yeah. >> on his movie. he said there's grieving going on. >> very sad moment in our family. we're going to give him some time to grieve and put the pieces back together. >> try not to talk a it, but talking about it is part of the healing process. one of the 12 steps. >> he's not supposed to that funny as well. >> he's got a good sense of humor as well. don't worry, chris will be showing off his sexy side.

. >> jennifer london london told us there was what was described a third debt inflation at the site. authorities were concerned all day that there had been some sort of explosive device left hin at that site. we have been investigating that and we'll bring you more as soon as we have it. >>> carol brown represents the san bernardino area, she joins us on the phone. assembly wom glad to have you with us. i know you were briefed and you can't go too far into the specifics. do you know anything about motive? >> i don't know that anybody knows anything about motive. especially as the fbi and the police are doing what they're doing. >> you met with several families today who had loved ones at the building. >> yes. >> how are they responding to the tragedy? >> it is a tragedy, they are responding as anyone would. some are very, very outaccept. others who found their loved ones, they are you know, leap. but they still were on edge because they didn't have them in -- you know they didn't have them in their arms at that time. and as each group came, off the bus and each group cake into the --

in london, a london -- a bomb blew up in a noncom's hands, and he survived. still, terrorists often use certain -- disguises, counting on speed and surprise. hoping that the victim won't be alert enough. they are innovative, learning from their mistakes and capable of ingenious planning. and they often have better weapons than the authorities. >> the blast was apparently caused by a timebomb placed next to a pillar in five -- inside the bar. the force of the explosion shattered windows. many of the 80 victims had pieces of glass and metal embedded in their bodies. 13 of the victims flew to an american army hospital in west germany. they were suffering from burns and punch her wounds. -- puncture wounds. greek and american investigators sifting to the wreckage found traces of a cloth and some wire, which they indicated was a device that was homemade. the 1500 american service personnel based here have been told to avoid the area while the investigation is going on. it is a resort frequented often by off-duty military people. >> one of those people was the air

londoner, londoners have always been a target for 1860's whenince the they first started dropping alms bombs. , ande 1930's, the ira 980's.h the 1970's-1 joe: you mentioned the fiscal picture and george osborne said that he wants a balanced budget by the end of the conservative term. is that feasible before this? does the expansion of military spending we are like me to see below any possibility of that out of the water? ann: it is a very rigid target and it is probably ascertainable. u-turns.ve to do more just this last week, he had to u-turn over the question of police numbers. who knows what security will have to spend? i thought the target was unsustainable and inadvisable, in my view. the economy is weak. andave an account deficit we are vulnerable to external shocks. scarlet: this comes with the threat of grexit looming over the next few years. think theoint is, i open borders approach of the the --e, the approach of just allowing things to flow unfettered, unconstrained, across borders -- it has allowed in tax havens and fraud. money laundering is happening here in londonorries people. criminals are skillful and adept at using these money flows. it is a thing that worries us about the european model, in particular, the eurozone. i think that it is growing a general feeling of insecurity, in my view. euro,ll help the anti- the brexit, position here. there been enough to stop islamic state from accessing the taking system, however they get their money? i am not next. on terror financing. on terrort an expert financing. it seems easy to launder money and the housing market is a haven for those kind of money launderings. quite a lot of fraudulent money. there is an increasing anxiety about the usage terrace make -- terrorists make with the free flow. after 9/11, bush tightened money flow and money laundering regulations. achievehas far to go to that kind of thing to prevent those sorts of flows of illicit funds. scarlet: it is a vulnerability in the global financial system. you are sticking with us to talk about the challenges facing central banks after th

. >> now, down to two and london london. >> it is whining up opening just enough to get it and put it down. there you go, ten seconds left. 63-62. virginia, virginia pulls it out. >> the probasketball team, the warriors with an interim coach stepping in for the interim coach. the interim coach today happens to be the real guy. >> steph curry is taking full control of practice. >> kur is optimistic about returning full-time and at some points, he said's heading in the same direction but i am not going to be coaching it and i have got to continue on building on last week and build my strengths and resilience, i am hoping to be back soon. >> says the energy level, it is not quite there yet >> that's the sharks, fighting for attention, sports claims. >> a bear is sports fans and the kings, they're tough to speed on their own ice but it happen tonight. >> that's his 13 goals per game >> shark and bailey into to the third. >> go to cabella's >> he likes it in and it is 3- 3. i am not happy, another powerful police situation, joe thornton passed the belt seat again is 18th of the year and fo

london the trip around the worldment one thing, personal achievements and living. that's an example of the book. i would like to show you some footage of jack london at his ranch. this is one of the eighth segments of archival motion picture footage that i have made arrangements to include in the e-book version. not everyone likes the bound book, some people like to read on tablets, ibooks, kendal's so i have arranged to be included aztec person here and we want number seven of eight, jack london on his ranch and here we go. this is actually jack london on the ranch, photographer out there, that's the cottage, there's jack helping his wife, she's going writing. there he is, okay, she rides off, has a good time, there is their cottage, again, and we're going to see in a moment jack driving a hay wagon. here he is. here he comes. >> what year is it? >> this is about 1913, 1914, i can tell because london does not look well. he will die of mercury poisoning in his kidneys from dosages of medicine, the piglets, his doctor had said it will shorten your life, mr. london, behind in stone you see what was called the pig palace. this as not as smoothly running as it is in the e-book, here he is grooming the horse. the camera comes up somewhat close. he's laughing, back to the cottage, we will get back to him in just a moment with his trooper hat, there he is. if you read leaps you'll probably maybe guess what he's saying, no idea, but that's jack, his health, again is failing, it's towa

london, thank you, phil. appreciate it. we'll bring you more on what is being treated as a terrorist attack in london. >> president obama willddress the nation from the oval office tomorrow night at 8:00 p.m. eastern. this is a very rare event. this is only the third time in his entire presidency that he will make such an address from the oval office. much more on that next. moderate to severe crohn's disease is tough, but i've managed. except that managing my symptoms was all i was doing. and when i finally told my doctor, he said humira is for adults like me who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. and that in clinical studies, the majority of patients on humira saw significant symptom relief. and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been

london. london mayor boris johnson responded by saying, donald trump's ill informed comments are complete and utter nonsense. crime has been falling steadily, both in london and new york, and the only reason i wouldn't go to some parts of new york is the real risk of meeting donald trump. joining us now, the pulitzer prize winning columnist for "the new york times." we're getting a world reaction. >> there's a wave -- >> to a candidate in a primary field. not a nominee. it's a primary field. we've really never seen anything like this. british prime minister jumping in, mayor of london jumping in. >> it's astonishing how this has kicked off a wave of revulsion all over the world. the british prime minister, the fraench prime minister tweeted about this. in israel there were comments about how this was reminiscent of the beginnings of the third reich. the british telegraph had a conservative stayed newspaper had a quiz asking people, who said this, donald trump or hitler. and when "the telegraph" is doing that. j.k.rowling responded when people compared trump to voldemort. she said voldemort isn't that bad. it's just outrage and concern that this is indeed

london, and is there anybody from islington? north london? [indiscernible] [laughter] >> are you and asked low fan? >> good. >> you can speak. -- mental health, both to simple words that are used to describe something small. at first, i thought they were upset and they should resolve it by going out more. i found out that this is far from the truth. one in six people suffer from mental health. this is a statistic given to the number of people in britain that will experience at least one type of mental health illness at any given time in their lives. one in six. the normal people that wake up every morning thinking about how their day will be harder than everyone else, one in six. the number of people who need to be understood and help, one in six. we need to make sure that people feel comfortable about talking about mental health with their family, friends and experts. we need to make sure that people are not being made fun of dutra mental health illness. we need to make sure that these people, these one in six of the british population, are living a where they know how to deal with their obstacles and that there are people who can help them with their obstacles, both for this motion -- vote for this motion. >> what about yorkshire? about the gentleman in the middle of the three, yes. >> forgive me. >> i do not mean year. row.the chap in the third we will try to get the others and if we can. representing from yorkshire. in 2014, a survey was carried out which found 15% of people with mental health issues felt like they were bullied. at the time, although the government was working to reduce the number, is the concrete number that it has happened? mental health affects everyone. negatively.r there has been a rise among young people. is it not our sponsor ability to tackle an issue that affects young people directly? the first is to tackle the stigma and preconception that mental health is a taboo subject. from there, there is no limit to what we can achieve, to expand mental health services and eliminate discrimination. thank you. [applause] >> do we have a representative from wales who would like to contribute? yes? the lady waving at me. indeed. >> thank you, mr. speaker. of wales.sentative it was mentioned earlier that mental health can affect everyone, not just young people. asgree with the statement mental health can develop at any time or day to anyone. ageough starting at and the may help combat mental health, it may not wait for everyone, therefore, we need extra support for those who are not in school, those in school, and those who are afraid to speak out. the offset only actors half of the solutions and we must take responsibility, even if it is doing something simple or speaking out and challenging mental health stereotypes. thank you. [applause] >> what about the east of england? the gentleman with the raised hair? >> to our very much. >> we look forward to hearing from you. >> obviously, i think everyone agrees that mental health is a really big problem, but my issue with this motion is whether it is best placed for as to be more cost effective. i think we work best and we have worked with grassroots campaigns and i think it is an issue that has to be dealt with from the top. i think there are other motions i can better help young people within the community. rather more, i think we should highlight the fact that this is a difficult campaign. it is an issue that affects them personally and maybe it has not been dealt with in the most sensitive matter. i think all the organizations involved should make it sensitive while they campaign on it. thank you. [applause] >> who is trying to contribute from the northwest? the chap waving to me, second row, you. no, the chap in the second row. your moment has arrived, sir. let's hear from you. >> [indiscernible] [laughter] education. education, we love to progress and life and further establish ourselves. how can you expect to have top returning without the proper education? the best thing we can do in order to get rid of the mental health stigma and issue is to educate people and include people, to include the people who refuse to accept it as an issue. just keep educating them until they fully understand the issue. i keep hearing one in six people are affected. one in six people may speak spanish, german, those are subjects of school, simple answer. [applause] >> what about the northeast of england? yes, yourself. >> thank you, mr. speaker. newcastle, it is one of the best mental health services in the country. [indiscernible] not expect to have 12-year-olds and 18-year-olds in the same class for the same education. we need to make sure that every young person [indiscernible] thank you, mr. speaker. [applause] >> london, it is london's time. you are going to burst. i am very worried about you. i hope you will be all right. [laughter] of course you will. we look forward to hearing from you. >> thank you, mr. speaker. i represent the london borough. why does this campaigning so me? to that campaign means it's so much to me because it symbolizes what young people have to fight for. we need to feel valued, happy, like the future will be bright. some young people do not feel that way. 95% of young people have a mental health illness. you do know you are more likely to end up in prison if you're mentally ill than you are to end center?e mental health i think we need to stand up and make a change against this. we need to show young people that we are listening, where representing them and this is an issue that affects everyone. everyone has mental health. let's stand up for emotional well-being, and show young people not only how it hurts and how to fight to be heard in school and get a good grade, but that

london. why london? we will find out when we return. ♪ guy: welcome back. you are watching "the pulse.". say chinarg sources has upped its bid for --. it is a 26% premium on the last closing price. through -- ifs the deal comes through, it will be the biggest acquisition by a chinese country. gotand gas producers clearance from antitrust authorities, removing the final hurdle to their deal. the takeover was valued at about $70 billion when it was announced in april. -- ericsson and apple have settled infringement claims against each other. they will collaborate in multiple areas, including 5g development and traffic management. mostson shares jumped the in 1.5 years in stock trading. for more, head to bloomberg.com. between ukraine and russia could play out in a courtroom. let's speak to natasha. these were written under english law. that is why they will end up in an english courtroom. >> any dispute has to be resolved in the court system of england. it could end up in an arbitration court or the main court system. guy: is there anything that will give us a guide on how this may end? i

london premiere. >> the london premiere. >> it's your home. >> darth vader lives, everybody! >> leicester square invaded by storm troopers, stars and thousands of screaming fans. >> like you stepped right back into han solo. >> came followed daisy everywhere. daisy was a force for fashion wearing a glittering asymmetrical cutout gown. carrie fisher access rised with her frenbulldog gary. >> you brought him out in london>> they love him. gary is like a mascot. >> all this attention is nothing new for the original cast b you what advice to the new cast for handling all the hype. >> but notice that's my advice. >> there's no way to prepare anyone for i they have to experience it for themself. and they're doing just fine. >> they're smart. i don't offer advice to smart people. >> now, this new generation of actors that are really carrying this franchise into the future, the are going to change forever. >> these are the stars that are going to be the figureheads for years to many ko. >> in the tradition of george luss a in the original, director abrams cast relative unknowns here. daisy ridley 23 and lond born. "the force awakens" her first movie. >> how does it feel? >> my family with a picture on the red carpet. i don't know where are. >> john boyega, his father was a preacher, but john chose acting, starring in a school play in age 9. >> any pressure fo >> no, there's no pressure whatsoever. because we

london or new york? davide: london. tom: london? really? francine: we have to take a break. have a different view. nigel wilson is the chief of his firm.icer "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance." a quick foreign-exchange report. all in all, a churn to the markets the last few days. blend the dollar index back above 100. asia dx why, that is what the pros are watching. toht now we churn over "bloomberg ." david westin is getting us started. what do you have? david: we will talk about janet yellen. we will also talk yahoo! and all the stories about possible restructuring. we are joined by steve ratner, who will talk about puerto rico and the u.s. auto industry as well and hedge funds. stephanie ruhle sat down for .nterview with ceo marc benioff tom: and a guest from london. vonnie quinn has someone of great interest on our set. where happy to have the ceo of legal & general with us. everything from insurance, pensions, real estate, and so forth. let's start with legal & general's multinational businesses and how well you have don

london premiere. >> the london premier >> it's your home. >> darth vader lives, everybody! >> leicester square invaded by storm troopers, stars and thousands of screaming fans. >> like you stepped right back into han solo. >> cameras followed daisy ridley everywhere with h tied up in a top knot, she was a force for fashion wearing a glittering asymmetrical cutout gown. carrie accessorized with her french bulldog gary. >> you brought him out in >> they love him. gary is like a ma >> all this attention is nothing new for the original cast b you what advice to the new cast for handling all the hype. >> but notice it. that's my advice. >> there's no way to prepare anyone for it. they have to experience it for themself. and they're doing just fine. >> they're smart. i don't offer advice to smart people. >> now, this new generation of actors that are really carrying this franchise into the future, their lives are going to change forever. >> these are the stars that are going to be the figureheads for years to come. >> in the tradition of george lucas in the original, director j.j. abrams cast relative unknowns here. daisy ridley is 23 and london born. "the force awakens" is her first movie. >> how does it feel? >> my family with a picture on the red carpet. i don't know where they are >> john boyega, his father was a preacher, but john chose acting, starring in a school play in age >> no, there's no pressure whatsoever. because we're in a cast that's an ensemble. >> you're in possibly the biggest movie how do you get to l "star wars" plane, of course. before the flight, john, and aviator harrison took turns signing a model of the boeing 787 dreamliner with an r2d2 makeover. inside the famous droid made an impression on every cup and head rest. >> r2d2 would wake you up for lunch. there was "star wars" stuff around. >> this weekend's box office opening has "the force awakens" earning a whopping and record breaking $240 million in the u.s. alone. amazing. compare that to the first "star wars" opening in 1977, $6.8 million. >> over 208 million would be the record for an opening weekend beating "jurassic world." it looks good for

in london. -- starting at 6:00 in london.ally we had a strong yesterday and we carried through until this morning. and then after midday, we are falling off primarily into what we saw with oil prices and the inventory numbers. abigail doolittle has more lies from the nasdaq. abigail: we had a big rally here ,arlier, we were up almost 1% sitting with all of the volatility that we have seen. it has been a difficult december here at the nasdaq. commodities index down as much as 6%. the head of technical analysis this isy told me that indicative of overall market jitters around the fed decision. stay tuned there. on the composite index today is technology and apple in particular. this stock is on pace for the worst report in two years. there may bethat weak demand for the iphone. jpmorgan was out earlier saying that the possibility could cause fiscal second-quarter estimates to come down. the year, flat on slightly down after huge swings the volatility this year. investors may be waiting to see whether apple can meet current esti

london to finance a current project page many of the sustainability requirements of embassy the public art requirements for the embassy were put on us by the city of london and by the borough in londonwhich was developing that buildings a part of it is what we need to do to satisfy the local governments requirements for us to build it them we need local requirements here. >> i understand the cultural peace. we are representing our country around the globe. i've had the privilege to travel as a member of this committee to many countries examining embassies. but i don't think that we are having security and thrift as the greatest thing in view and then to hear you mr. starr say in essence it's all unicorns and rainbows and is perfect out there and now we need to spend hundreds of millions on a training facility that quite frankly our armed services or by many of those needs. i guess from an internment point of view and it having been to a number of embassies in my military career over two decades i saw a lot of glaring things that you don't seem to be caring to address. i would like to address them since we have you here. security detachments, basic stuff. you are complaining about no

personally spent some time in london five years, actually, late '90s, and i saw also the birth of a rather1óh$ radical movement in some of the mosque near london, in london in fact. and the two systems did not prevent either way really for radical groups to, you know, become -- getting some support. i mean, we know they're getting support from overseas as well. so i mean, i don't think, you know, european countries should change their constitutions or change their religions. certainly, there are muslim schools in france. there are even imams in the military. i'm not saying this is perfect. but, you know, people join is -- i mean, you know, including these refugees who knock at the door of europe, they are also there to join certain political and societal system. let's make sure we ostracize the terrorist. >> for those of you who are interested, there is a debate on the relationship between islam and isis on the brookings website which is very, very good although you probably won't actually find the answers. joseph, i'd love you to address this execution point but also some points on this integration question would be helpful as well. >> i fully agree. wi

london, north london. c-span: what was your life like? >> guest: middle class, jewish. for those of your viewers, what is the middle and lower class in new york? i had aspecialized and balkan history >> it is a franchise, very exclusive events. they like to think they are improving. six or 7,000. you can put on an event. a lot less exclusive. the main character. i found them in harlem. have you ever been to one? >> no, i watch them online. >> they pay expenses. you get to meet interesting people. i spoke just before steve wozniak, the cofounder of apple. he said my speech made him cry. it certainly had an impact. >> more than one clip. we will watch this. >> we are data. that isthat is the thing that steve wozniak for better or worse put into motion, the industry that most of us are involved. and as we look at each other in the future and the latter part of the 21st century we will see data, information, and indeed one company in silicon valley he may have heard of it called google are designing glasses which when you put on the oc these physical ?-question-mark spectator. bang bang. that is -- c-span: it refers to a song. that was the theme of the show. >> what are you trying to do in a speech like this? >> that particular event which is the largest in the world, brussels, downtown brussels, the tickets are relatively affordable. so the audience will be made up of technology students. i did a similar one in budapest. trying to engage. everyone gets 16 minutes to speak. and you are supposed to make it engaging, memorable experience. so it is just off the top of your head. >> off the top of my head. they like to get people to prepare. i never do. >> and i can onlyi can only get motivated if i'm in front of people. the books are always late for my articles are always late. so the thought for 3,000 people, you don't want to screw up. it is an invigorating experience. for me the experience is excellent. i have been able to prosper in this economy because of it. and i don't necessarily celebrate that because there are many very fine writers who struggle in front of a live audience. the real opportunity now the digital age ironically is the physical experience. but the digital has done is modified the copies. no one pays for anything online. once that is done is made the physical experience a lot more valuable. is why people go to events. that is made us want to physically made people more. they've always be the physical experience. but so do well in this world particularly as an entertainer you have to be able to perform 20 after the above entertain. c-span: in your talk, we will see an expert -- an excerpt of it, the vertical clip, and where did you get the idea? >> the vertigo clip of jimmy stewart. >> well, for me. >> i think i 1st saw when i was about 16. it's one of those films. because there are so many layers. and of course for me it was a wonderful opportunity. because i have always thought of technology as a thing that you fall in love with and you think your falling in love with one thing and you're falling in love with something quite different. vertigo is the ultimate movie of falling in love with something that doesn't really exist. sure most of your viewers are familiar with the movie. a film about aa man who falls in love with the blonde who turns out to be a brunette. falls in love with what he thinks is a blonde beautiful woman who turns out to be a brunette from kansas who works as a shopgirl. c-span: let's watch it. we will watch this clip. ♪ >> here she goes. he has not even matter command is not even talk to her. the great slovenian philosopher call this the parallax view. here she comes. beautiful blonde american errors from san francisco who drives a green jaguar around town. he has fallen in love. what does vertigo have to do with information and data? the truth of the movie is that the blonde is not really a blonde. she is a brunette shopgirl from kansas. all women from kansas i think work in stores. and he is about to be set up , about to be sucked into this war tax of heartbreak and murder, and that is what we are here to talk about today. because just as jimmy stewart we are being sold something also which is a scam, something which is undermining who we are. c-span: what is the scam? >> guest: the scan is the ideal of being able to self publish online. the scam is facebook, instagram, twitter. i am is easy to seduce is anyone, so i want some of these things. the scam is the idea that these platforms give us the opportunity to tell the world what we think all bc, the contributor photography, music, movies, allow us to become online bloggers and photographers. but the scam is that we are being used. the very busy venture capitalists the data economy that we are the ones who package the product because with these companies are doing is learning more and more about us from our behavior, what we publish, photographs, ideas, what we buy and say and don't say. and learning about us they are creating a phantom and then they transform us, repackage us as product. we are the ones being sold. not only are we working for free but we are then being sold. it is the perfect fit chart movie. c-span: what is a phantom can opt to come? >> guest: early 19th century british totalitarian philosopher, and he invented this idea, prison which had a tower which could see everyone. he believed that the idea could be used in schools and hospitals. believe that this would create discipline in the new industrial society. written extensively. interestingly enough that felt inspired john stuart mill. miller reacted against an order book in which he went beyond utilitarianism, the pleasure and more complex terms. i love the idea. he and his ideas play a central role. c-span: you mentioned twitter. i want to show you a list. the top ten people in the united states have 200 followers and look at the numbers and just tell us what this means when you see it. we have katy perry, the most followers at 63 million, justin bieber, 59 million, barack obama at number three. taylor swift at 50, youtube, 48 million followers. lady gaga, britney spears. >> the bottom of the ten. justin timberlake a 40 million, finally ellen to generous. what does that say? >> the internet again has created a world, not what they call the flat world. it is rocky, hilly, this is the old world. the winner take all system in which a tiny group of entertainers are controlling our attention. a very brilliant blogger, business writer, i needed help burger has written an important part. and what she said is she compares the digital economy to the old industrial economy, the internet,, the internet, democratize and sweep away the elderly, the record labels, but we have more of the same. what we have aa system where a tiny group of people control our attention. and if that is about enough, this economy is hollowing out the middle. the old entertainment economy, not defending the labels. they produced a lot of garbage and were corrupt. i don't deny any of that. but the infrastructure of the ecosystem of the middle class economy. they gatekeepers and editors , journalists, people who have regular middle-class. with the internet has done is swept away the middle-class. i don't think people have any role, and it enables a superstar class with 1,050,000,000 followers and destroy the old middle-class. this is a lose lose other than the silicon valley notion of win-win. c-span: the only person on the list is a politician. but i want to show you a clip. it is a seven minute video the day before he went to iowa to make a speech. get it in the oval office. as president is using this media all the time. >> one of the things i'm going to make an early announcement about is the issue of getting faster. i want to take a look at what i've got here. this is internet download speeds. i can zoom up if you want. you have south korea, hong kong, tokyo, paris. these cities all have really fast access to the internet because they have made the investment in broadband. right next to it you have seen your falls iowa. billy have 40,000 people in cedar falls, but the reason they can compete is because citizens got together and made the investment to bring competition in and make sure the internet speeds were just as fast there is anywhere else. >> what is your reaction? >> well, broadband is a tough issue. it is not an area that i am an expert in. what i would say is there is an exaggerated quality. actually better in broadband and some people think. having said that, i do like the korean model. i myself have no problems with investment in the same way as a total story, the internet came out. it came down as a top-down projects. so i am not an opponent of public investment. the 1st president has ever done this. the whole list of people at the white house the director of online engagement, $73,000 a year. great for the office of digital strategy. progressive media and a response. >> makes $95,000 year. then we have another right -- what has profile. $72,000 year guy. video director of the office of digital strategy. >> there is more. director of digital content and finally acting director for the office of digital strategy, $80,000 year men. >> guest: do you think they are overpaid? c-span: i think it is interesting and order your comment. what is the impact? >> guest: like can't comment on those guys. used to be in charge of development. if not you can look it up online. i can google it. and they're seems to be that intimacy that i find trouble. because google has legend of one of the two or three most powerful companies in the world. if he surrounds himself with transportation policy come all of these people who used to work for forte, they're would be a little troubled by that. google has an agenda. they are the owner of youtube. it is not surprising because youtube is one of the biggest users of broadband on the web. so i think i am a fan of obama. if i did not i would have voted for obama. i'm troubled by the way in which obama and the company seems to be a little too. and after the last election when obama made the announcement that he was going to sue the network neutrality legislation he's played in to the bogus of the fun notion. trying to destroy. large companies like youtube or netflix who has an agenda. it's a fight between large companies whether or not the should pay a toll. it doesn't pertain to ordinary internet users. it is not going to slow the network down.down. it is an example of the way the internet gets used by certain marketing departments to exploit people and get involved in issues that are so complicated. five people in washington know what network neutrality isn't you will get five different answers. the most complicated question of the 19th century as the eastern question. i think it was ever gladstone, there was no appetite. the 1st is mad. the 2nd is that in the 3rd is my wife percent right back. network neutrality. these by various governments and eventually the catastrophe of the 1st world war and hopefully that will give us into another global war but it is an incredibly complicated issue being used by different groups to pursue their own agenda. c-span: someone you talk about in this book, a guy named kim berners-lee. we found this from it ted asked. this is a ten speech that he gave, fast talking, you have to listen carefully. how he fits. >> how about we do that. in a way the coming fundamental. what would be on your list? the student. let's use the energy from the 25th anniversary. do me a favor,. c-span: classrooms. >> it is many thousands of people online contribute to the creation of something, wikipedia is a crowd sourced and -- encyclopedia. if you like the internet you can think that man. if you don't you can blame him. that man is incredibly important. in 1989 when all our eyes are on the collapse of the berlin wall, we were told that history had come to an end, the 20th century was finished. that guy is just saw, a recent graduate of oxford university a queens college, the same college that jeremy benton attempted 200 years earlier, the creator of the industrial complex. that man was at the siren research center in geneva. and he invented the world wide web. he did not invent the internet probably invented the world wide web that sat on top of the internet and made the internet accessible for everyone. the achievement of the world wide web was it took the internet are made it popular. the reason we bring in 1989 as we all thought history came to an end. .. and while Émigre fan of his integrated meyer, and i think he's a great principle and grant men i would say that his romantic vision of the internet is putting everything together has me realizing when he stands stand there and talks about the bill of rights, i would stand there and say sure bills of rights are very nice but we have enough bills of rights. the internet is too much about the bill of rights. we are going to make the internet a habitable place. we are going to make the internet a successful base image that is going to be the opposite tour challenges of the 21st century life. we need to be responsible. the internet needs a sense of responsibility. become respectable for our culture predicament thanks it was delivered in middle of night it was delivered in the middle of the night it was a gift to the people a reflection of our own virtue of good and of course the story is much -- it's story is much more complicated. if we are going to make it a good place, if we are going to make it a reflection of our best qualities we need more responsibility and less rights. c-span: i want to bring up the tab thing again because it fits in. >> guest: are you trying to get an invitation? c-span: now i'm not at all. the reason i bring it up with it even exist without the internet and is not part of creating a community? >> guest: ted used to be a fairly exclusive small thing run by a guy whose name was sullivan in southern california and then ironically enough a guy named chris anderson who had run a publishing company called future publishing which went bust after the first internet foam is one of the examples of an internet cowboy who tried to make a lot of money. one of his investments was ted and when future publishing went bust and he lost his job and i don't know what happened to him he bought ted and built it into a successful franchise. i think ted would exist. ted is essentially a selloff. we don't rely on the internet. there's a great first enlightenment. people want intelligent conversation. one of the reasons ted does so well is because her general media so bad, not just the internet and television. they're such an absence of serious thought and commentary that people want that not a thing. in the 21st century get a thing that ted offers us a valuable as network. i'm ambivalent about that create it on like the networking but the challenge in this post-industrial world is to build their own personal brand. we are not going to be doctors or lawyers. we are not going to work report or kodak for the rest of our lives. we will be continually inventing and reinventing ourselves and networking is really important. the more people you know the wealthier you are. that will not be in your bank account but who you know. the founder of linked in is perhaps the great visionary and a brilliant man a graduate of stanford and a philosopher attacks -- at oxford. he was a believe the fulbright or rhodes scholar in the interest of this better than anyone. he essentially vote -- invented social networks. c-span: here you are back at that ted speech back in 2012. >> we are being sold something also which is a scam, something which is undermining who we are as a species. one of the previous speakers talked about the importance of community, what i call the cult of the social. this idea that community is everything. you come to these events because i want to shoot all of you. all you have to hear about his community, community, community. community is supposed to be so wonderful. community brings us together. these books, too many of them all about how important it is for us to work together. all premised on this absurd idea that technology will finally enable community. for those of you who read marks posner german question it's taken lock stock and barrel from marks the idea that technology allows us to realize our species , that we have this network 2 billion people in all this data, dna. we are all becoming information we can share that information and become community. but of course it's nonsense and worse than nonsense it's dangerous nonsense. c-span: why is it dangerous? >> guest: it's dangerous because it's not true. it's dangerous for two reasons. firstly as he realized in his great work it's the interior that's so important and the role of government, is to protect that interior. i am the book at the museum in amsterdam gazing at the great artists of the interior. i'm a believer in that liberalism and i'm a believer in now and the idea of protecting the individual to think for themselves and the social tends to lead itself to conformity. that's the first thing. the second thing is that the social, i don't think being social is a bad thing. don't think we should lock ourselves in our rooms. i'm not in favor of going back to the cave and separating myself from my fellow man but the other problem is that social media in the digital age isn't social. it's an extension of the south. it's an extension of the culture of narcissism that increasingly pervades the internet. when you go on facebook you are not really networking. you are not really being social and some people of course are bit more and more people are using instagram are these other networks or twitter using it to broadcast yourself, to show off yourself. ironically enough gets more and more alienating as i show in "the internet is not the answer." a lot of research shows the more people use facebook to lonelier they are the more separated they are. the social is actually fragmented. it's alienating. it's atomizing and you see that particularly in political terms. we are told that social media would create these great movements, the arab spring, occupied but look what happened to occupy. i keep i was simply an explosion of individual voices. there was never any successful molding of those voices. it was a quilt of individuals and that quilt never formed into a political organization and the middle east we know the catastrophe that followed the arab spring. c-span: you mentioned karl marx in this last clip. where'd you put him in importance and how much of a follower are low pam? >> well i'm not a follower of marks. in this book, "the internet is not the answer" i write about my great uncle who was a follower of marks who was the bagman of english communist party and he was the guy who recycled soviet money through england. i have a history of that in my family like so many, our families are made of either merchants or idealists and perhaps i have a little bit of both in me. but i'm not a follower of marks. i think he was wrong but i also think he was wrong in a fascinating way. the german ideology for example which is one of his more useful books, he writes about it postcapitalist age where technology will free us from work, so he says very famously in the german ideology you can fish in the morning and farm the afternoon and right poetry in the evening. and you see that echoed in a lot of these idealists somebody like chris atkinson or so many others. technology will free us, free us from the finality of work, free us from having to rely on going to the factory but of course the catastrophe of our current wave of technology of digital revolution is it isn't freeing us. what it's doing is actually destroying jobs. it's doing away with land which means we want have the cash to the farmers are fishermen or poets. right now you mention you run a salon. it's a televised? >> guest: i hope you guys are going to televise it. it's called futurecast. it's how the at&t foundry in palo alto and i wear your hat symbolically. i'm the guy who sits with someone interesting gavin newsom for example and we talk about the impact of technology but in contrast with this show it's not broadcast. we have an invitation-only group of about 50 people so it's a kind of ted. supported by at&t and the big swedish telecommunications company and so wonderful events. it's held about six times a year. we have taken it on the road. we do some in san francisco. we go to atlanta dallas and gives me the opportunity to ask the hard questions. c-span: you do an interview series. is it still on techcrunch? >> guest: my techcrunch has shifted to ticona me. c-span: how often do you do interviews? >> guest: i do them about once a week. c-span: here are excerpts of about three of them. >> guest: you were on google google and you will be watching me brian. is there anything you don't know about me? c-span: oh yes. let's watch. >> technology continues to the matter medically change the world, so dramatically even politicians, current politicians are realizing that digital technology can change dramatically revolutionize government. the latest politician are perhaps the first politician to realize this is gavin newsom, lieutenant governor of california, the number two guy. he is famous, most legendary for his insight into technology and particularly into search. steven wolff from the founder and ceo of warfarin research. he's come out with a new book out this week called who wants the future not to book on welcome to techcrunch tv. seen it thanks for having me here. it's full of optimism. >> would the mean full of optimism? he said he admits the future. you are nostalgic for the future. c-span: this is another example of something that the internet to provide you with an opportunity to do. is this mix them tons of thing to put together? >> guest: why don't pay for it. techcrunch pay for it. c-span: has a work for them? >> guest: it works for me but it's a loss leader. i shouldn't admit this publicly, do you have a large audience? if i've missed something or will everyone know about it? c-span: everybody. >> guest: you do certain things and this is why this economy is so challenging and this is why people oversimplified it. i do the techcrunch interview. i did the techcrunch interview previously. allows me to meet interesting people and secondly gets my name out there. thirdly it's a great way to research. in the acknowledgments in the book i think everyone who was on my show, it was my way of doing research. it paid something but not a great deal of money so techcrunch's main business model is advertising an offense but videos don't get the page news that tax does so i don't think techcrunch tv tv was a number so profitable that was profitable for me. i loved the opportunity to ask questions. there's nothing more fun than being able to sit down with someone and have them anything you want. as i said to you before they usually answer. right now to economy, how much of a competitor of a? >> they are slightly higher. the problem with techcrunch as they -- techcrunch they had a huge audience. it was mostly those who believed they were the next mark's zuckerberg. the conversation -- he was the guy who did his part with his son albert who was my grandfather to the west bend. they eventually ended up buying a store in londonho. i use it in the book not just nostalgically and not just for the opportunity to talk about myself, because it represents an example of the way in which technological change affects them. i write about them as people who first rode the wave of technological and innovation with the invention of the industrial sewing machine. it allows them to sell their stuff to women who would take it home and make their own dresses. then you had another technological revolution which made cheap off-the-shelf dresses and clothing particularly for women. it made women's lives change. they didn't have the time or just in making their own stuff so suddenly their business became redundant and ironically enough is coming back now to 3-d printing out everyone can. as i explain in the book there are challenges with business models because if everyone has that same software and all you are doing is buying 3-d printers which are essentially factories it's not clear what where the business model is and is not

who knows, you could find treasure. t, iconic london. the tower bridge, london's most misidentified landmark, because, no, it's not the london bridge. the tower bridge in the late 1800s to relieve the london bridge of the traffic jams over the thames. here's narrator: will be right back. and tips on my favorite travel destinations, visit me online at lauramckenzietv.com. you want i fix this mess? a mess? i don't think -- snapshot from progressive. and you can save on your good driving. you sell to me? you want to try? i try this if you try... not this. okay. london is an extraordinary destination. from the magic and the mystery, to the castles and the british cultures. from the double-decker buses, p to the tubes and tours, it's a city for the entire family. pah, yes. we definitely had a good time. didn't we, dumbledore? i hope you enjoyed seeing some of this with me. pand that you'll join me again next time from another terrific place somewhere else around the world. i'm laura mckenzie. bye, bye. mckenzie: originally purchased in 1762, by king george iii for a queens house, buckingham palace has been with its corinthian col

london for over 40 years. there are no, no-go areas in london. londonsafe city and welcomes visitors and those coming over from the united states to work in our city. those comments were wrong. i want to reassure you on that. there are no no-go airies in -- areas in london. >> thank you. >> thank you. >>> bowe bergdahl speaking publicly forever the first time about why he left his post in afghanistan and the americans lives searching for him. you will hear from him directly, why, he says, he abandoned his platoon, when "new day" returns. so get this, at&t and directv are now one. which means you can watch live sports on the go. live from the edge of your seat. or that seat. or her seat. or his seat. right? careful on that seat, guys. and that's not even a seat. that is cameron. get the best of both worlds. directv at home and 2 wireless lines. from directv and at&t. this is a body of proof. proof of less joint pain. and clearer skin. this is my body of proof that i can fight psoriatic arthritis with humira. humira works by targeting and helping to block

londoners speak. that is turning into a hash tag which is viral. that has been put out on many of the london subway stations to show defiance. london is always a city under threat. the terror threat level has been severe for over a year. >> fred, thank you. >>> 59 minutes past the hour. let's get an early start on the money. u.s. stock futures are higher. the dow gained 370 points on another solid jobs report. paving the way for the reserve to raise interest rates. uncertainty has held markets down for months. the s&p up 1.6%. it has been a nice rally for the nasdaq. >>> oil prices falling. below $40 a barrel. that leaves production near record highs and prices stay low. a standoff among global energy producers. here in the u.s., production has barely declined. great news for drivers. the national average is $2.03. >> i was in boston. it was cheap. >> fill up. >> i kept on filling up every 20 miles. >>> "early start" continues right now. >> president obama vowing to defeat isis in his oval office address. how he says terrorism has evolved. >>> and new information on the shooters in california. what we are now learning about their p

london now in four days. so when he came to london, i saw him. we stayed friends. just walking together. he signed me to my second album. >> wow, that's incredible. so you go back to basically divine intervention. >> absolutely. >> with kanye. but also you were ready. >> yeah. >> but estelle had some tough times. she worried about the future until her breakthrough moment happened. several like screaming sessions. okay, jesus. we have to go win grammys. i had so many talked to myself and talks in those sessions. i remember that period being like i want to win a grammy within five years and this is what's going to happen. whether it's here, whether it's there. i'm going to go and win a grammy. 2008 after that period it was just like -- yes! son of a gun! there absolutely is a god. >> i heard you once say that your music is a reflection of what's on your heart. right? tell me about that. what's going on with your heart? >> i know nothing about true romance. i know a little bit about it. true romance was kind of like i have to project now, i have to say the things that i want to happen and the truth that i know. at my age -- at that point in time i was like i should have irnd know what i'm doing by now. i should know. it was a thorn for me. i didn't. hurt. this is me like what do i know for sure, what can i say that i know for sure. it's about figuring out your mess and yourself and your bs and your good parts and your passionate side and accepting it all and being cool with it and getting it right in yourself first, if you know what i mean, and i feel like if you hit those parts and you hit them all pretty accurately or just get them right you might find somebody who gets that, understands it, accepts it all, too. that's where i'm at. that's what true romantic the album is about. picking that apart. >> she's releasing her own work through a new boutique label. she also has her own accessory line and a new foundation called all of me which is dedicated to helping kids. >> the more and more i see of charity, the more and more it kind of feels like i understand the business side of it, you're not helping the children. you're not helping people by just throwing money at them. we aim to give them a hand. help you get where you need to get to. where would you like to go? and can we help you go in that direction? can we facilitate you getting in that direction? can we put you with the right people, can we make sure you're on your job? the first year we set up the whole program and we ended up taking the kids to senegal where my mom's from. sponsoreddy delta and a few other friends. it was a dream for me because i remember being 17 and having somebody tell me outside of my mom and the nine of us that, yeah, you can set up and you can get business women, you can do this and you can have as many it. i just want to give them fame, direction, push, help happening >> powerful. powerful. love it. to me and the "our world" audience, are you already a legend. >> thank you, darling. >> thanks for joining us. >> appreciate it. >>> up next -- a new campaign shining a positive line on black men in our community when we return. the wonder of a credit card may help you out right now. your family wants a nice christmas but you are no cash cow. spend that amount and find yourself with a little credit burst. $35 dollars in credit reimbursed. just open one first for a credit card right in your little purse. no this is a satchel. it's like fashion forward type thing. it's a purse. open a walmart credit card account today and save $35 when you spend $75. what makes gold bond ultimate so ultimate? it's packed with 7 moisturizers and 3 vitamins. rich, yet absorbs lickety-split. skin looks nourished, healed, healthy. >>> welcome back. the motto -- it's our normal to be extraordinary. black enterprise brought together a group of today's leaders, innovators, entrepreneurs and agents of change to shift the standard regarding men of color. check out the feature on "modern man." >> time to change the narrative about men of color. >> what's up? >> hey. >> i am jay bornette and i am the modern man initiative is launched to honor the image and contribution of today's modern man. >> being a modern man means everything to me. the reason why is because i've never seen a campaign like this in my life. i've actually waited my life for this. >> this innovative program projects the positive impacts and it is a common reality featuring 100 features of today's entrepreneurs, executives and agents of change. >> when i hear the term "b.e. modern man," i really think of it as a call to action. >> i truly believe that b.e.'s modern man is the essence of a man that can adapt and provide. >> a man that has discovered why he's here and what significant role he'll be playing in society, in his community, just in life general. >> the goal -- to reinforce for to be extraordinary. >> it's today's man. not yesterday's. not tomorrow's. but today's. >> the culture is changing maybe not at the pace we'd like it to change, but the culture is changing. >> we could certainly rewrite the rules and rewrite our own rules. >> we need to make sure that all black men are giving the opportunity to shine and show what they can do. >> why try to imitate or emulate someone else when you can be the best version of yourself? >> we are men to make proud men sit up and take notice creating a legacy of greatness. >> if i walk in that room, hopefully, what sets me apart from other people is my drive. other people don't have the drive that i have. i have the quality that the muhammad ali and bob marley and, you know, richard branson, oprah winfrey. i have the qualities they have. so i knew i was great since day one. and beyond. >> b.e.'s modern man. we're setting a new tone for our time. >>> up next at this year's black enterprise golf and tennis challenge, we take a look at a few modern men tackling the issue of money. stay with us. we're here at a festival of food and fun, getting reactions to mcdonald's new buttermilk crispy chicken sandwich, y'all. made with juicy, 100% chicken breast filet... perfect! ...marinated in real buttermilk, covered in savory spices and fried to perfection. we're here at a festival of food and fun, getting reactions to mcdonald's new buttermilk crispy chicken sandwich, y'all. made with juicy, 100% chicken breast filet... perfect! ...marinated in real buttermilk, covered in savory spices and fried to perfection. >>> welcome back. black enterprise recently partnered with prudential to host their new faces of wealth campaign providing insight on money management and the tools needed to create wealth for life. our panelists includes actor and co-founder of the man hood tour, andre whitfield. motivational speaker jonathan sprinklesing with and retired nba great, anthony hardaway. money. what is the role you try to play in terms of both your experience and your example as men setting the tone for how you manage money in your family, your community, as entrepreneurs and in your life? >> wealth is passed down through conversation. generational wealth is passed down through having the wealth conversation. this is what money is. money is the manifestation of a thought. because everything you think will become something. also, money is a measurement of the value that you create in society. so if you don't haven't money, it means that you're not adding value. so as my friend said, money chases value, and when you understand what that means, you start to invest in yourself more, to add more value so that your life. >> but how difficult or challenging is it to communicate that concept? what are those challenges of areas like -- you've talked to young men in particular? >> i think one of the biggest challenges is we have to change some o of the narrative that we inherited from our parents and our grandparents. the things that were told to me particularly about money in particular was, you're never going to make a lot of money because you need money to make money. and so you get shut down before just based on that. so you're going, well, i may as well give up now, because the people that i respect and the people that i admire are already telling me that i'm losing and that i'm going to continue to lose. >> what about what you do -- again, each of you have achieved financial success, at least certainly beyond previous generations of your families. how did you guys go from your backgrounds and how you related to money from your parents and your grandparents to now seeing a bigger picture for what you could accomplish as entrepreneurs, professional and otherwise? we never. money in my family. when i went to the nba, i was in a dorm room. i went from a dorm room to a $150 million gig. i basically had to get someone to guide me and -- you got to get good people around you because it is so easy to spend the money. >> see, that's a great point. it is all about relationships. many times we have the environment that doesn't breed success. life was helping you to see something bigger, and so you will simply be a product of your environment. >> absolutely. i'm going to drive that home by saying this. my brother, benpenny played basketball in high school, he played basketball in college, he played basketball in the pros. guess what he had all along the way? he had a coach. >> what he we are trying to communicate is that you don't wait to get rich to get a coach. you take it on you to improve your financial situation. how do we communicate the message to our community that financial planning -- you can have a financial planner in the same way you have a family physician. how do we communicate to our community that even the poorest person should have some kind of financial professional help? >> well, you know, honestly, we just touched on this. when you don't have money, that's the time you really need some help with your money. >> a part of the sickness in our community is just becoming solvent. so much of our community is in debt. and those of us that come into some money, rather than deal with that, we begin dealing with those issues through our money. i'm going to buy me some rims. i'm going to buy me a car. i'm going to buy me some golf clubs. i'm going to buy me a game. we got to start dealing here. you will be surprised at the things that you won't buy when you start dealing with the issues of self. >> we have to change that conversation in our own homes about what it means to be wealthy. it's not about things. it's about freedom and choices about what you can do. >> i want to take a different part of the pie. these folks on the panel, myself included, we're out speaking telling our story. we're creating wealth by adding value to people by doing something as simple as telling how did you make it? this is the face of wealth in america. >> this right here. so stop looking elsewhere and stop looking within. because the truth is, the power whatever you want inside is already in you. it's gotten you here and it will take you to the next level. >> all right. amen. >>> when we come back, more from the 22nd annual black enterprise golf and tennis challenge at the pga national. stay with us. amberen naturally restores your hormonal balance and relieves hot flashes, sleeplessness, weight gain, and other symptoms. amberen. available in stores nationwide. [ male announcer ] for an itch or irritation, cortizone 10 gives you the strongest nonprescription itch medicine, plus seven healing moisturizers. now i'm itch-free. >>> welcome back. we put this year's golf and tennis challenge headliner, estelle, in the hot seat. so now i want to put you on the hot seat. you ready? you sure. >> maybe. >> okay. london or new york? >> both? >> oh, no, no, no. london. where i'm from. >> who's the better artist? john legend or kanye west? no! that's hard! you know what? i say 'ye because he just got the vanguard award and listened to the kids. >> who is your favorite artist? >> ed sheeran. >> wow. >> he's my absolute favorite. >> i love it. what's your biggest regret in life? >> i don't think i have any. i really don't. because if you thought, well, i wish, well then i wouldn't be here. >> sneakers or stilettos? >> stilettos. i like sneakers, but i'm a heels girl. my feet will tell the tale. >> what's one thing you believe that most people don't? >> there's a place for everything and everyone. >> okay. so here's the last one. is when your career is over, how do you want to be remembered? >> hopefully i'll be like 90-something at that point. every day or every week. so i'd like to be remembered as somebody who broke records and did great and who was just an all-around brilliant human being that had --

look at london, for example, the most recent of the big games where the olympic park has been turned into sports venues open to the public. how did it work out for london? >> in the short run, london lost 350,000 visitors during the third quarter, the olympic quarter of 2012. it lost in tourism visitors. in the long run, it is too early to get a statistical measurement. i'm very sure my colleagues from great britain will do such analysis. >> is it still viable to apply for these big sporting events like a look at games and football world cups when the public does not seem interested in having them on their doorstep? >> i think the public is interested. germany is interested. it weighs the benefits against potential costs. we had 15 billion cost estimates for hamburg. for many people and too many people in germany, that had been too much. a different concept which would not have misinterpreted the olympic games is a tool for development, we would have had a much smaller budget. and i think we could have succeeded to have a privately financed concept like los angeles, we would have had much less resistance. >> the professor of economics at hamburg university, thank you very much. th

. ♪ >> it is noon in new york, by the clock in london -- and 5:00 in london. to "bloomberg markets." scarlett: good afternoon. alix: we are watching the countdown underway with the fed beginning the most anticipated meeting in years and it is expected to end with a first rate hike and now must one decade. we will tell you what that could mean for the markets and economy. los angeles public schools are closed after receiving a threat. qualcomm rejecting calls the split itself into two, betty they could turn around their earnings as one company. well investors agree? l.a.on that situation at public schools where closes -- what a threat has closed classes. first, we went to get a check on the markets on this announcement. ramey has the details. ramey i went to get to the

london, johnson. another comment trump made is london has some no-go areas because of the muslim population and the mayor of london says, this isn't true. and then he says, the only fear i have of walking the streets is that i might run into donald trump. >> did he really? >> i thought barbara's interview was fantastic. he commented, i'm the least bigoted person you have ever met. i don't know whether it's true or not, but yet another staggering comment that falls from his mouth. >> and so many americans support him and trust him and believe he's the future. >> and so many that watch this program, we asked yesterday on twitter, these comments, do niece make you more devout or off-putting him. >> we are hearing for the first time from some of the first responders who arrived on the horrific scene of the san bernardino shooting. among them, a 15-year police veteran that reassured evacuees by saying, i'll take a bullet for you. here's abc's lauren lister. >> reporter: first responders remembering the victims of last week's tragedy. >> never, ever thought i would deal with anything like that. >> it's nothing short of

london. there is some london exposure here. they only think three producers are making any money at these current levels. is that another sector to stay clear of? >> yes, as your guest was saying there are certain metals that are off to one side and almost not impacted. dollarhe strength of the and the general production difficulties we are hearing about, it could be a while yet before the mining sector starts to see anything like the previous levels. anna: that is a niche story. this conversation is not very christmasy. are there any bright spots ahead? >> the biggest bright spot has been chocolate, cocaoa. cocoa prices will continue to rally into 2016. we can see prices around the highest in five years. all of this is due to bad weather in west africa, where a lot of the cocoa production comes from. that is a potential -- i don't know if that is a positive. anna: that is a scandal. this ae uyou call positive, considering my annual and seasonal consumption. thank you, richard. javier, thank you. and vivian lloyd, thank you. up next, we're going to talk drugs. a mega merger. we look at what to expect in 2016. ♪ anna: welcome back, you are watching "on the move." europe's largest oil company has reduced prices. world outlook at 10:00 a.m. u.k. time. the hedge fund manager majority-owned by carlyle group $150 million of withdrawal requests. after defiedose concerns about china's slowing growth. revenue in china was up 24% to almost $1 billion. anna? anna: it has been a turbulent year for big pharma. stocks outperformed markets on both sides of the atlantic. let's look at how health care will fare in 2016. good morning. of just how much of performance we saw on both sides of the atlantic. >> this is all in u.s. dollars. y, we got a couple of percentage points for each of forcesopean and u.s., the bigger and broader embassies, such as the stoxx 600 for europe and the s&p for the u.s.. that has been driven, it has not been uniform across the sectors. downd companies in europe 6.6%. down 5.6%., we have had companies that have not done so well share price- wise, but they have been outweighed by the big games. -- the big gains. anna: we have a big range from the negative to that kind of increase. which is stocks are you excited about? >> the way i look at that is to look and see who has the most interesting or potentially volatility inducing news. the top of that chart for europe reports for next year. anna: diabetes, it did really well this year. things we needo to be aware of when we look at diabetes. prices are becoming harder to keep putting up. it has been a big driver. and the other hand, we have these outcome trials. they are testing their drugs in a large number of patients to see if they can reduce heart disease. if they do that, there is a significant potential for these drugs to become more broadly used. what are you looking for from the pharmaceutical sector? we were talking about some of the big gains have been driven by mma and the positive trial results. you mentioned china. one of the things that has made the pharmaceutical sector less like recent years is it is only a- il a few ofime unt those start popping through. .nvestors are being paid anna: you mentioned one of the big areas you are looking at in big pharma is cancer drugs. keyhey are one of the players in this space, oncology, where companies are trying to get the cancer cells to be less and visible in the system of the patient so they can be recognized and attacked. this will be a very interesting year. the next few years will be interesting for oncology. we can see who is in the lead. we have clearly is out there with big numbers. already, billions of dollars with potential sales. bristol-myers has the new drug. those dynamics will be quite interesting to watch, as to whose drug is better. everybody expects them to be pretty much the same, but life does not work like that. which combinations will work better for what cancer. there are a lot of things to work out and men interesting dynamics. anna: this is something big pharma can play at. >> there are two reasons for that. they innovated and for at the forefront of that. some of the drugs came from the acquisition. the same could be said for bristol-myers. it was a long time ago when they bought the biotech company that gave them some of these drugs. what is also interesting is the permutations of the combination of drugs. the number and type of tumors requires a large pool of testing. anna: thank you for joining us this morning. next, credit concerns claim another victim. we look at the debt trades that obliterated bonuses in 2015. ♪ anna: welcome back to "on the move." the hedge funds owned by the carlyle group are said to have $1 billion worth of withdrawal request. the credit oriented fund has performed poorly. simon bellard is here. what went wrong here? simon: there is a continuation of the story we had a few weeks ago with 3rd avenue in terms of the unwind of some of the chasing incremental yield traits over the last couple years. fedperfect storm of the moving into a tightening cycle with the first 25 basis points. the decline of the commodity has pushed the parameters of risk tolerance into some of these relatedlding energy sectors. a number of these funds have put up gates to slow. numbers of investors try to take their capital out, which leads to a defensive type sector. anna: this is a story with a long tale. people have been expressing concern about this. simon: increasingly, people have recognized that at some point it might become uncomfortable. there has always been the assumption of the backstop with central banks. we've got into the first stages with the fed taking the punch bowl away. thee is that unwind of quality curve in a high-yield cycle. investors can hit their yield target. you are starting to see a little bit of this unwind, coupled with the decline of energy prices. anna: you mentioned some of the other businesses that have been caught up in this. as those names started to filter through into the broader market, 3rd avenue was one of them, it seemed to everyone that many people in the sector were trying to figure out how those businesses for different than the rest. is that what we see now? simon: there is a much more idiosyncratic approach to risk and that will continue. touristshese yield being pushed into assets. because it offered the incremental yield they needed, they put their capital to work. they were told that they traded funds that would trade liquidity in times of stress. we have seen prices decline and that liquidity has disappeared, which exacerbated the price we have seen. stress is picked up and the liquidity has not been there for them to get out. anna: simon, thank you for joining us. simon bellard joining us with a look at the credit markets. up next, we will find out how nike has managed to stay a step ahead of its rivals. now.26 in londonwill take a short break. ♪ anna: welcome back. ."u are watching "on the move we are up 1.5% on the ftse 100. you can see the picture is not much different with 1.8% higher. let's check in on foreign exchange and oil markets. there is a lot of focus on the parity between brent and amex. nymex. nymex has gained ground on brent. as a result of a change in policy and the united states that is. the euro-dollar is 1.096. the euro surged at the beginning of december on the back of the ecb move. let's get to the top stories this morning. caroline hyde has been watching some of the movers. caroline: oil stock miners are leading the charge. arcelormittal is up 5.83%. 256% taxis proposing a on some imports of chinese steel. the reason is many of these companies in the u.s. have been claiming that they have been dumped upon in terms of cheap imports coming in from china and taiwan.iliadaly, korea, and the u.s. is potentially a huge tax hike on certain chinese producers. this is really helping some

london too, security is tight. >> police in london considered a terror attack highly likely for the past year but based on new intelligence they have now doubled the number of police officers on these streets. >> the threat is real. this british couple was jailed for life today for planning suicide attacks in london. they tested explosives in their backyard. they were isis supporters radicalized like the couple in san bernardino that carried out their attack. europe tonight is a continent on edge. >> how are you going to spend your new year's eve around the world? there's in fascinating traditions. let's aquaint you with a few of those. big square in the center there. you have the red underpants. that may look peculiar but apparently in turkey it is a tradition to wear red underwear for new year's eve. dinner for one is a tradition in germany. it's an old black and white english program that germans now watch every new years eve. how about your own personal one? get in touch if you'd like to tell us how exactly you're intending to spend your new year's eve. squawk box europe and cnbc.com, you can get to us on that or come to us through worldwide exchange of course. new york city police commissioner says the department is, quote, not aware of any threat at this time that we deem credible. never th

london too security is tight. police in london have considered a terror attack highly likely for the past year. but based on new intelligence they have now doubled the number of police officers on these streets. the treat is real. this british couple was jailed for life for planning suicide attacks in london. they kept explosives in their backyard. they are isis supporters, radicalized like the doublecouple in europe is a continent on edge. bill neely nbc news london. >> at least 14 dead in missouri from historic flooding. they don't know how many homes destroyed and there is no let up in sight. 13 killed in cars when rising flood waters swept them away. one kayaker figured a boat was the best way to travel and captured this footage of a flooded high school. only the tops of the football uprights remain visible. nearly nothing visible on the school's school board. parts of the mareeramec river are. ethan remains in mexico city after a mexican judge issued an injunction blocking his immediate deportation. the injunction is expected to take weeks if not longer to resolve. texas sheriff dee anderson says they expected to take couch into custody yesterday but added we are patient people. we'll be waiting. this is it. tomorrow we officially enter an election year. strong new language from dona

london too, security is tight. police in london have considered a terror attack highly likely for the past year. but based on new intelligence, they've now doubled the number of police officers on these streets. the threat is real. this british couple was jailed for life for planning suicide attacks in london. backyard. they were isis supporters. radicalized like the comin san bernardino who carried out their attack. europe is a continent on edge. bill neely, nbc news, london. >>> at least 14 people are dead in missouri from historic flooding in a situation so bad officials say they don't know how many homes have been destroyed. 13 of those killed were in cars when rising flood waters swept them away. one kayaker figured a boat was the best way to travel and captured this footage of a flooded high school. only the tops of the football uprights remain visible. and nearly nothing visible on the school 's score board. parts of the maur mack river are two feet higher than the so-called great flood in 1993. and in illinois, 13 confirmed dead. teen is back on u.s. soil after being deported from mexico. she faces charges for helping her son, ethan flee the country. and it's expected that he would be deported. he remains in mexico after a judge blocked his immediate deportation after couch's attor

london and by london in we are developing that building. part of it is requiring -- >> i do appreciate that. >> we need local requirements here. >> and i understand the cultural needs. we are representing our country in theirs around the tbloab. i've had -- globe. i've had the privilege to travel to many embassies. i don't think we are having security and thrift in the greatest view. to hear you mr. starr say that in essence it's all unicorns and rainbows and we need to spend more on a facility that could provide many of those needs and, i guess, having been in a number of em -- embassies in my two decades, i saw glaring things that you don't seem to address and i would like to address them since you are here. security detachments, basic stuff. well, i've got some questions for you. night vision devices, we are talking four figures here could fix these in any given embassy, power generation, water, storage, walls, very vulnerable. we can hold out for 30 days. it's usually the first thing that gets assaulted, the outer wall. you ask, where does this go, what's the access here. these are consistent things that i've seen on my trips. and we are not talking hundreds of millions of dollars, we are talking single digit could fix many of these things. my question to you, if you're so dedicated to security, what are you doing to address these things? >> thank you, congressman. there are thousands of things that are wants and there are things that are needs. working closely with the inspector general who goes out and looks at our posts and we put together multiteams and agents -- >> they tell me they need these. >> we look at these things. i have no request from the marines corpse for night vision devices. >> get out to the embassies more. >> sir, i've been to afghanistan and iraq. >> i'm talking countries that have largely peaceful populations. >> i have been to many of those places before, sir. >> i have no doubt that you have. i would suggest and, in fact, i would like a report on how you're addressing -- when you have basic marines riflemen, when you don't even have in a say, a six and one security detachment and they don't have seven total night-vision devices, these are very simple fixes. when you're talking about water storage and electrical generation that could be brought interior, much more close, it allows those allegations to survive in the critical hours where they can maintain their communications and continue, i would say that we have much, much more work to do. quite frankly, mr. starr i have not been impressed with a lot of the initiatives and the bright-rosie picture that you portray. in very simple correct fixes we can do so much more. mr. chairman, thank you for indulging me beyond my time. >> are you suggesting to us that there are no outstanding requests for anything from the marines? >> sir, the marines corpse is responsible for providing weapons for the marines detachments. i'm not aware that there are unfulfilled requests through nco's to marines corpse. they set specifications. the -- the larger question about other things that we have -- >> wait, wait. i want to get to the marines here. okay. if they need material, if they need equipment -- >> through the marines corpse. >> through the marines corpse? >> yes, sir. >> they are to get that from the marines corpse? >> yes, sir. >> if they need night-vision, whose responsibility is that? >> if there's need for night-vision equipment, that would come from the marines corpse. >> there's individual goggles and cameras. >> all of our cameras have night-vision capabilities. >> that is absolutely not true. you're so full of it. i can't even begin to tell you. that is not true. you come before this committee, you come before congress and you keep representing that we have all this, they do not. >> sir. >> mr. starr, you are not -- the time, when i ask you a question, then you can answer it. this is the problem with you in this position. you cannot tell me that there's night-vision capability at each of our embassies and consulates. is that what you're testifying to? >> all of our cameras, even lower cameras have enhance pped resolution. >> do they have night-vision capability? .. >> if i didn't question that everyone of our posts can see at night. they can't. you don't understand that. you are the assistant sec. bureau of diplomatic security and don't know that our people can see at night. >> are marines and agents can see at night. >> i would tell you this if i may, the regional security officers are the ones that provide the security for each of the compounds. state funds the rso requests which includes many of the pieces of equipment that they asked for. either the integrity of the marine corps is a stake where they say they can't get the equipment or maybe somebody else's integrity is a question. >> the picture is clear. you can understand why they are having so many problems. i walk into every embassy and asked them if i can see at night. one of the most recent embassies they said, well, if the lights are on. what happens if the stark going to shoot out the lights? we could not see a thing and would be in the pitch dark. how you have the arrogance to come before us and say everyone has the ability to see at night, you are beyond, beyond belief here. this is why we keep coming back here. because that is fundamentally and totally not true, and i am dedicating my life to running around the world to make sure they get the equipment that they have. the problem is the person in a position to do it isn't going, does not think it is a problem. i would love to see a list. are you able to provide a list of all the outstanding requests by the regional security officers? can you provide us that list? >> i believe i can. >> when? >> give me two weeks. >> two weeks it is. now recognize the gentleman from alabama. >> may i comment? >> sure. >> we have embassies all across the world. we have embassies in 3rd worldthird world and 1st world countries, embassies where we have never lost power and embassies where we lose power and run on generators. we have some of the most comprehensive security standards for any facility in the world. i'm not saying our buildings are built better than the protection for nuclear facilities, but in comparison to a regular office building our facilities are built to a standard that is very safe and secure.secure. our embassies in sudan and tunis withstood eight net half hours of crowds pounding on them when the police would not come and rescue her people. are marines and rso's had the equipment to defend those embassies during that time. we have comprehensive programs. there is no such thing as a perfect program, and we continue to run reasonable risks overseas, but we will do our absolute best to ensure that our people are safe and secure. >> i appreciate you getting that list to the committee. mr. palmer from alabama now recognized. >> thank you. why does the overseas building operations in the bureau of diplomatic security_an unpublished draft memorandum rather than federal law and the foreign affairs manual to determine when to begin construction? >> i am not sure i understood your question correctly. i think it was why do we rely on our published policy versus law? >> unpublished draft memorandum. >> i would say that we rely on the law when it comes to certifications to congress. our turn this over to mr. starr. >> sir, in terms of certification i agree with the inspector general that we have a section that is out of date that does not -- is actually saying something different than public law. if there is any question about what takes precedent it is public law over the foreign affairs manual. >> then what is your response to the oig findings that use of the draft memorandum without telling anyone is likely to mislead audiences expecting the department to follow department to follow published policies. >> circum- of the public law requires us to certify to congress that the facility resulting from the construction project is going to be safe and secure for national security activities, classified information command people. we are providing a facility in line with the certification that a safeis safe and secure for people, national security activities and classified information. >> my concern is as the oig report points out, it is likely to mislead people, including congress. put the slides back up, backup, mr. chairman, that were up at the very beginning of the hearing on the construction project. you may be argued that that argue that that is not construction. i worked for two international engineering companies and it is, there are times when you could take -- separate design work from the overall contract, but having worked in engineering construction, i can assure you that site work as part of the construction. more importantly, when you are setting piles it is absolutely critical for the construction progress, progress, and i think you made the assertion that that is not construction. frankly, i was astounded when you said that. it raises questions in my mind of your competence and position. >> i would like to be clear about the department's position on this. with respect with respect to the photo -- >> before you go any further car you saying this is the department's position that setting the piles and doing the basic foundation work is not part of the construction? >> the department has allowed for years since 2003 the construction of piles up to the pile caps in advance of certification. that has been common practice for over ten years. >> if you do that does this not result in substantial numbers of change orders when you have not certified the building and find out later that the foundations are not sufficient? i think there was -- there have been some issues with that. >> we have not found that, and we certainly have not found that in the case of london i'm talking about overall because i think that there are issues with exceeding the budgets, having numerous change orders. there was some issue with a couple of things that you wanted to put in the building that you could not put in because he found out the building were not supported. >> i'm not sure which project you are referring to is certainly not the case in london. >> my point is, you come in, listening to the chairman's questioning and argue or assert that the setting have the piles is not part of the construction progress and you admit that you have done a lot of this work without certifications to the building. that raises questions that if the building has not been certified it leaves the door open for design changes that impact the construction cost. i think that's one of the problems that we have been trying to make sure the taxpayers interests are protecting not only our employees who depend on these facilities for the protection are taking care of, but that we take care

london's turn again. who are we going to hear from london? you are going to burst. i'm very worried about you. i hope you're going to be all right. of course you're going to be all right and we look forward to hearing from you. >> thank you so much, mr. speaker. i represent the londondoes this campaign mean so much to me? the campaign means so much to me because it symbolizes what young people have to fight for. we need to feel valued. we need to feel happy. we need to feel like the future is going to be bright and some young people don't feel that way. 95% of young offenders have a mental health illness. did you know you're more likely to end up in prison if you are mentally ill than you are to end up under mental health services. and i think we need to stand up to make a change against this. we need to show young people we are listening, we are representing them. this is an issue that affects everyone, everyone has mental health. let's stand up against mental health illnesses, let's stand up for emotional well-being. let's stand up and show young people not only how to fight for their jobs when they're older or fight to be heard in school, fight to get good grades but let's show young people, let's teach young people the value of living. thank you. [ cheers and a

london are pretty similar. london and new york are the hubs. i think we would be better off if we stay in europe. i personally haven't maned my mind up. guy: michael, thank you very much indeed for inviting us. i hope the day goes really well. michael spencer, the ceo of icap. maybe we should be thinking about that new name. francine, back to you. francine: guy johnson there with the ceo of icap. in the meantime, here's a look at what else is on our radar. bloomberg sources say dow chemical is in late stage talks to merge with dupont in what would be the largest deal in the chemical industry. an agreement could be announced as soon as this week. the companyrger, would break into two or three businesses because of regulatory issues. china's consumer inflation beat estimates. cbi in november rose 1.5% year on year. the producer price index fell, extending declines. yahoo! shares surged in extended trading after a source said the will spin off its stake in alibaba. norway's sovereign wealth fund says it has recovered from the losses it suffered in the second and third quarters. the ceo said the fund has been dramatically changing its portfolio. if you look at the big picture, the fund has been reducing dramatically. next, oil bounces back from a six-year low. we talk about the new reality of a lower oil price for gulf states. ♪ think that the right price -- [indiscernible] we are cash neutral. i think the right price is not just the right price for us. it is the right price for the industry and for the producing country. francine: that was the ceo of eni talking about the breakeven oil price. this is a picture of crude at the moment. low, butf the six-year very close to that. nymex at $38. the printing -- the plunging price of oil has been hitting the gulf states. bank borrowing costs are up. nation gulf cooperation council is home to around 29% of the world's oil reserves. let's bring in our middle east editor, elliott kotkin. give us the details. how bad is it for these countries? elliott: we talk a lot about the burgeoning budget deficits, many of these countries having to cut back spending in the face of these low oil prices. there are other aspects as well. if you look at the stock market, this is an interesting place to look to see how these gulf countries and oil producers are being hit so hard. abu dhabi, one of the richest gulf countries, is particular being hard hit. it is categorized as an emerging market. markets, developed emerging markets, and frontier markets. alou. he is home to about 6% of the world's oil reserved. it is being treated more harshly than frontier markets, which are considered the riskiest. this is share prices relative to earnings. abu dhabi stocks are trading at a lower valuation than frontier markets. they are trading at 8.4 times projected earnings against 9.4 times in frontier markets. since the middle of last year, offt $200 billion wiped markets. we've seen volumes dwindling. saudi arabia a bit of an outlier. there volumes are actually up as well. we can see things happening on a daily basis. qatar stocks this morning reaching their lowest levels since 2013. they've said they are going to factor in a more conservative estimate for oil next year. real being devalued as well. some people will see this as a great opportunity to go in. just because something's cheap, doesn't necessarily mean it is good value for money. francine: elliott, thank you. for more, let's bring in kevin boscher. great to have you on the program. when you look at the price of oil, it is extremely difficult to forecast. you say it is between $30 and $80 in the next six months. do you try and forecast it or take it with a pinch of salt? kevin: we try not to forecast it, but we have a firm view. we understand why the oil price has fallen as much as it has. we don't see that changing anytime soon. francine: saudi arabia not cutting, shale gas, extra production from russia. kevin: it is a number of things. the world is growing well below its trend. the demand in emerging markets has fallen substantially. it is also a function of increased efficiency from the fracking industry in the u.s. at anies can produce oil lower price and be profitable. francine: but it is not a global recession we are staring at. kevin: not yet, but the risks are increasing. if you look at the low oil price, continuation of weak growth, bond spreads widening again in the corporate space, low government bond yields and yield curves flattening, and equity prices struggling to theret their old highs, are some signs that would lead us to conclude that the risks of recession are increasing. hence, we have to be careful. francine: if the risks are increasing that we may look at a global recession, then janet yellen should not raise interest rates. kevin: that is a tough one. i think this is her best chance to raise rates. the market has pretty much discounted it. the risk is they get it wrong. it is not so much the impact on the domestic u.s. economy. it is the impact on the external environment through the dollar. if it forces the dollar to have another spike higher, that will bring further problems for emerging markets and commodities . it does risk weakness outside the u.s., which through the dollar comes back into the u.s. activity. francine: 80% chance now that the fed will act in december. what happens if they don't? they want to normalize. if it is to bring interest rates back down if something big happens in the first quarter or second quarter of next year, why raise them in the first place? ,evin: i think the central bank like the bank of england and others, is in a difficult place. they don't want to be seen to be scaring the market in the belief that investors get spooked by something they may know that investors don't. on the other hand, they have to tread carefully. continues toonomy disappoint from a growth point of view. inflation continues to surprise on the downside. economye, the global remains fragile and vulnerable. it is a difficult balancing act. for us, it is not so much whether the fed do or don't go. we think the fed should go and markets are expecting that. i'm not so sure. i think they probably should wait. what is more important is the dovish message they send out about the pace of rate hikes moving forward. francine: all about gradual. let's see if the market gets the message. thanks so much. kevin boscher stays with me. we will be talking about china and m&a. n'sthe pboc cuts the yua reference rate, we look at what is next for china's currency with our beijing bureau chief. ♪ francine: welcome back. china's consumer inflation picked up last month. meanwhile, the country's central bank cut the yuan's reference rate. let's get the latest from malcom scott. malcolm, the story behind inflation is a little better than expected. malcolm: that's right. a stabilization in consumer prices, 1.5%, and a pickup from the previous month. the prices are still going backwards. -5.9%. it didn't get worse, but it isn't getting better. the hope is some of those big commodity falls start to wash through the system, things look better, we get some pricing power back into the economy. no immediate signs that is going to feed through into cpi. inflation is still running about half what the central bank would like. francine: where does the move on the yuan reference rate leave policy makers? how telling is it that this comes a week before the fed meets? malcolm: a week before the fed and also a week after the sdr vote. there was this push to keep the yuan steady against the u.s. dollar ahead of the vote of whether it should be considered a reserve currency. since then, there's been this shift. the market has been wanting to push the yuan lower. now the pboc has been incrementally setting its fixing a little lower each day. will they keep doing that? if you look at the export picture, declines for five months in a row. it should seem to suggest we need lower yuan, so perhaps there's some recognition ahead of the fed. especially if the u.s. dollar is going to kick higher. francine: malcolm, thank you so much for all that. malcom scott income come. let's get back to our guest host, kevin boscher. when you look at china, and we were talking about looking at a global recession, you say it is not your base scenario, but the odds of that becoming a reality are getting closer. how much do we read into the fact that inflation is not that bad, they've been importing commodities, things seem to the stabilizing? kevin: two very important message is come out of these figures. whether it is 1.4% or 1.5% cpi, that is still very low for an economy growing over 6%. the long-term trend is clear. china is still exporting deflation to the rest of the world. that is the first important message. the second is the currency aspect and what chinese authorities are doing with their currency. china needs a weaker currency alongside their fiscal stimulus and monetary stimulus to prevent a hard landing and help stabilize the economy. a cheaper, weaker currency is part of their plan. how they do that has very important implications for the global economy and financial markets. the fact that they've joined the imf's sdr is probably a positive in that it means they are likely to be a good corporate player and allow a gradual depreciation of the currency over the next 12-18 months. if for some reason that depreciation becomes more rapid, it is going to destabilize commodities and emerging markets further. it is going to possibly tip the global economy over the edge. francine: dow chemical and dupont may be looking at a merger. initial thoughts? kevin: it makes strategic sense. the chemicals industry, like most industrials, face falling revenues, cheaper prices, tougher regulatory environment, potentially increasing costs in the u.s. it is mainly a defensive measure. it is also probably taking advantage of bond yields while they remain relatively cheap. boscher, chief investment officer of brooks mcdonald. next, rising unemployment, inflation at 10% and a deep recession. what happened to brazil's economic miracle? ♪ francine: welcome back to "the pulse." i'm francine lacqua. let's get the bloomberg view with nejra cehic. nejra: chinese consumer inflation beat estimates. cbi in november rose 1.5% year on year. the producer price index fell 5.9%, extending declines. the people's bank of china had cut the yuan's reference rate to the weakest since 2011. that fueled speculation that the central bank is trying to release pressure before an expected increase in u.s. interest rates. morgan stanley has named alistair darling the u.k. chancellor during the financial crisis and former member of the british parliament to its board of directors. pimco said monday it was creating a new advisory board including ben bernanke and jean-claude trichet a. says donald has disqualified himself from the presidency. the republican front-runner said muslims should be barred from entering the u.s. after the attacks in paris and san bernardino. president obama's press secretary spoke out after the comments. >> the first thing a president does is to swear an oath to preserve, protect, and defend the constitution of the united states. what donald trump said yesterday disqualifies him from serving as president. candidates to stand by their pledge to support mr. trump, that disqualifies them. trump is refusing to back away from his remarks despite almost universal condemnation. manus: thank you -- francine: thank you so much. let's get to today's top market stories. mark, if you look at commodities, it is almost a race to see who is performing the worst. mark: it is. the worst performers on the ftse 100, both falling more than 70% this year. anglo, the slide yesterday hasn't seized. it is plunging today. half an hour ago, my narrative was going to be how global mining stocks have rebounded. but i'm a flayed the global world mining index, a gauge of 80 mining companies around the world, has fallen to a new low. this is a chart going back to the beginning of 2015. this gauge sank almost 4% on tuesday after weak china trade data. the data today wasn't as bad. demand is strengthening in the world second largest economy, but as you can see, minors falling today. the bloomberg commodity index is down to a fresh low. on the subject of china, the yuan has sunk to a new four- year low. intelligence says the pboc is doing is basically front running the federal reserve, preempting a perceived depreciation in the yuan when the fed is widely anticipated to raise rates next week. since china cut the reference rate by 1.8% on august 11, the yuan has fallen by 3.3%. part of that decline has been to do with its elevation as one of the reserve currencies. looking at the chemical industry, this is the last month. bsf was rising. it is now dipping. dow chemical and dupont are in talks to merge. it would be the world's biggest chemical company behind bsf germany's big chemical company. this part of the chemicals industry is on fire with m&a talk. monsanto has been interested in syngenta. chem china also. syngenta has told both those panies it is not interested. today, we are seeing these industry groups falling on the stoxx 600. we are not seeing that much impact on the helical sector. francine: mark, thank you so much. we understand that in pretrade both dupont and dow are gaining some 8%. we will give you that in a couple hours when the market opens. let's talk about south america's largest economy. brazil's supreme court has created an impeachment -- has halted the creation of an impeachment committee. i asked the mayor of rio de janeiro what he thought about impeachment. >> there's no reason for impeachment of the president. you have to have what we call a crime of responsibility. if she made some mistakes in economics, this and that, but she's a very honest person. francine: later this morning, we will get inflation numbers which are expected to show prices increasing, adding to brazil's gloomy economic picture. let's bring in our guest, anthony pereira. [indiscernible] he joins us now from londonks so much for joining us. impeachment needs to happen or not? what ever happened, we need to get over it. if this process continues, it just slows down the getting back to normal. anthony: the heart of this crisis is about governor ability. brazilianount on a president to produce a majority in congress and get things done. dilma, in the second term, hasn't been able to do that. the latest twist in the impeachment saga is just another symptom of that inability to create a majority in congress and get reforms done. uis, what is your take? well, the process has already started. we know that there will be many , and i in the court don't think that we're going to this ultimately sorted over the next couple of quarters. we could be still talking about impeachment by mid-next year. it is not that straightforward. -- iolleague mentioned fully agree with that. my fear and main concern is this political paralysis in the meantime we are still discussing the potential risks of impeachment. i do t

london breed supervisor president london breed think you're a rare breed that's quite a environment i don't want to belabor the point the thing about beacon hill thank goodness you're not going anywhere the only thing i'll say in retrospect our time together as colleagues, i wasn't sure what to expect but i want to say from the bottom of my heart thank you for our class, for your compassionate for taking the time to help a new supervisor learn the ropes and what i think is remarkable about what you do besides all the knowledge about the city and the great things you've done is the humanity you bring to everything you do i don't think that people fully understand that i appreciated that as a member of the board of supervisors we worked together on many issues it wasn't issues involving only the community the gay community i appreciated the fact that you understood that being different to being gay you have to have an open heart to other people in other communities i appreciated that and then watching you work on the issue of homelessness the creative way in which you've tackled that the most initiative way in homeless the navigation center happened i was proud probation officer work with you but i appreciated and continue to appreciate the way in which you interact with the homelessness people and the humanity and dignity that you accord them this is something often missing in government and i learned a lot in watching you so i know we have we've got a lot more work to do but tuff so much i love you and proud of you. >> supervisor cowen's. >> thank you it feels surreal to stand on this side of chamber and honor form supervisor beven duffey you're not leaving the city i suspect you'll go into retirement but retain around and assembly want to speak to how much i've pefrnl learned from you and personally come to know beven when he was the director and i too had an intern experience i was introduced to the homebound program that the city offers to folks that are homeless somehow if came across any desk what a great policy for the city to have it was compassionate and semi sid excuse me. >> rooftop mom is talking. >> i can hear the whispers but beven you've been such an amazing friend and mentor for many young people i'm very excited about you're future it is not if here in the city personally but you do know that beven has spent more time in the kitchen it's been left public meetings coaching i don't get that coaching i don't know what that is like i see a thumbs-up from the teammates. >> i play a good social game. >> you're the right personality to team the teammates how to be a full member we want to leave you i believe you're the standard when it comes to be the public servants in my office we try to respond to e-mails and phenomenon messages within twenty-four hours that is the benching duffey standard and some days we meet the mark and other days strive you've done a tremendous job one of the things i admire you're working cross the olsen lee's to bring people who are nationality enemies to work for the greater good of humanity and in supervisor president london breed's terms a rare breed the item before you to give you respect you're an incredible hubby love you and a pleasure to serve san francisco with you. >> thank you supervisor cowen supervisor farrell. >> thank you sxhoepd beven it is very surreal to be here with you you know as people were talking we didn't get a chance to serve bench gave me my first job and hooked up, up in los angeles who i worked foreclose to a year and the memories of that when you first gave me their phone number to give me a call to hire this guy from san francisco i remember knocking on doors and where my wife lives to our first victory parties when i exited stage left when you said you were the biggest queen in san francisco something along that line (laughter) to really over the past few years working with you and you know how i feel i love you you've done an amazing, amazing job for the city of san francisco it is an honor to work with you in a professional capacity i never expected that opportunity and bee

london in this hour. let's bring in the international security director of the asian pacific foundation and a terrorism expert. good morning. i want to start in london and these type of attacks. as the intelligence community describes them, these are often difficult to detect, so they are nearly impossible to thwart. how can communities, countries protect their citizens from these people who self-radicalized and are nowhere on the grid? >> i'm afraid, victor, this is a very dangerous dynamic we are witnessing. what we saw at the londonnderground station in east london, it was [ inaudible ] this is the type of -- terrorism, groups like isis encourage. i think these people may not have a direct connection to syria and iraq and may have only just been inspired by what they see here on the internet and makes the job of the authorities all that much more complicated but we should pay attention to the police who reacted very quickly and didn't use lethal force so this person could be brought to justice for the acts he admitted. >> i want to read to you something just sent to me about the u.s. consulate in istanbul in turkey. information about a possible security threat against the u.s. consulate compound in istanbul and they are telling americans to take appropriate steps to bolster personal security and maintain a high level of vigilance and making sure to be aware of local events. this is not the first time in the last several weeks there have been warnings about consulates, embassies, but they seem to have this general

london, too, security is tight. police in london have considered a terror attack highly likely for the past year. but based on new intelligence, they have now doubled the number of police officers on these streets. the threat is real. this british couple was jailed for life today for planning suicide attacks in london. they tested explosives in their backyard. they were isis supporters. radicalized like the couple in san bernardino who carried out their attack. europe tonight is a continent on edge. bill neely, nbc news, london. >>> all chicago police patrol cars will now be equipped with tasers following outrage over several deadly police shootings there. the mayor rahm emanuel announced the change as part of his plan to overhaul the city police force. he is under fire for his handling of the department says training on when it is proper to use lethal force. >>> we turn to politics now. and with donald trump leading the republicans, the real battle is in the rest of the field. among those trying to stay relevant. for his part, trump intensified the war of words today with hillary clinton. nbc's hallie jackson is on the campaign trail. >> reporter: december drama for jeb bush. in a surprise move, emptying his miami headquarters to send staffers to early states and canceling $3 million worth of ad t

london. beautiful european sit. >> i could be london. could be france. i see adele's under pants. >> are we playing in london, speaking of the eagles? because of our record, the nfl may force the philadelphia eagles to play in london next year against who ever the rams are going to be, la? >> is that a bad thing? >> it waister you out. teams don't want to did it. >> one of the best events i've ever been to in my life, washington dc every year, call it the kennedy center honors, last night, carol king was there. >> love her. she was honored along with george lucas and enrique owe more ann owe. i one time hosted a show. it was called scrupples, the question of scrupples. it was a game show that we hosed it together. >> oh, cool. >> it aired once. >> oh? >> little ironic. sometimes you might question your scrupples. >> it was interesting. >> were you probably really good on that show. >> it was a fun show. okay, give me the highlight with rita more ann owe. hey, can i bring over picture of rita more ann owe, wasn't she marie in west side storey? no. >> i want to come to america. >> i think her character name was, well, anyway, just met

london and take im around the city. sent i wouldn't want to expose londoners to a risk far from inviting him to visit. 350,000 signed a petition to deny trump entry. in france the the prime minister accused trump of stoking hatred. >> i would like to affirm a message of support to the muslim compatriots. the state must protect our compatriots. and fell citizens that are muslim. to avoid the mixing up much things, in the atlantic and our own country. >> the iranian president weighed in on trump. >> some people show up and they say muslims can be banned to enter the country as a way to fight terrorism. they are the ones that created terrorist. they have sown the seed in this region at their own expense. hassan rouhani's take on trump echo's others. the ban might farm the fight against i.s.i.l. and other groups. >> this marks the 50th anniversary. it bids discriminations on the grounds of colour, race, ethnic origins. jonah hill looks at whether the act is working and whether britain is more inclusive than it was. a forum for black entrepreneurs. 50 years after landmark race and some find it exists. it is behind closed doors. whi