, end up long the stock.e not going to see losses until it drops to $287 or below. >> sometimes you talk to people and they see that selling of the naked put and bells go off like it's risk. a lot of people are just long the stock. if you're willing to be long that stock at 310, this is a fine train but you've got to understand that, if you're long it -- >> if you're long the stock right here at 335, instead with this trade, you're going to be takie ine ing losses below 287.5 there's a big short interest and folks, what happens when a heavily shorted stock drops? people cover and that actually creates a layer of support, which is one of the -- >> a little cavalier, mike this is a stock, if we have a five or six-year chart of this thing that went public in 2010, almost every year, like clockwork, there's ban 30 to 35% peak-to-trough decline in this thing. it's one thing to own a stock and have your mind set on owning it and your time horizon it's another thing to be short a naked put, knowing you're coming up

i'm long bias, so i hope you're right. even if you have rates moving p up, you have come frepression o market multiples, have to only get there through earnings >> karen, what i found that's interesting, we come out with all these silly statements about what the multiples should be historically it trades at 19 times, sub 3% core inflation environment. that's the history of it but it's -- the trend is more impression than the actual valuation levels so you traded higher in valuation, with higher rates, for most cycles because at the end of the cycle, the fed is always raising rates so, in the last cycle where i made a mistake, was i was expecting a higher multiple than took place the whole time. the multiple was trending lower the whole cycle. this cycle it's the on sit. >> where are we in a cycle where the fed is normalizing not raising rates because the economy is overheating >> you've got to have a lot more evidence of inflation and inflation expectation suggesting the economy's overheating. it's not quite there yet. >>

you know, it is a long, long process. we'll work outweigh through it. we will make our case and i am an optimist. so i think we will continue to be funded to do what we do. let me say this though. the better we run amtrak, the better we deliver on projects, you know, the more people understand how good our company is, the easier every funding conversation gets. >> you got into a debate . what steps is amtrak taking to make sure -- beyond pushing for when updates are required. >> well, that's a start. this is a big outage. we are addressing the most difficult place to renew in penn. i think we have to continue to education people about the necessity of renewing these assets and at times assets -- you know, people have to do a lot of work. the interesting thing is that the new chairman of the mta which controls the subways, long island and metro-north as you all know, joe loatta came out because the subways in new york are having a bad time and said, you know, we have to take longer outages to fix them. we thought, boy, what an idea. so i think the public

it was an aggressive long at the long end. long duration. now we have a bear flatter in.ow does that shape your thinking? >> the front send pretty much pinned to the point that it is going to follow what the fed is telling it and make that assessment. the back end is free to move around more based on expectation. depending on where those expectations go, we sflb a lull for the last three months, that is going to produce a flatter curve. plus we have the excesses of q.e. , of all the bonds that many central banks have bought, that is also keeping the demand or the supply duration very, very low in the markets and that is keeping yields particularly on the back send very, very low. jonathan: how important is that for federal reserve? does that give them more accommodation to move? is that an automatic stabilizer before they even get out of the corner? >> well, it does give them a little more flexibility. they can begin to unwind their long portfolio or try to raise short rates. that is a little flexibility they didn't have. but i think it doesn't really change the fundament

you'll be better off doing this trade than being long in the stock. this is an interesting alternative. less risky way to play to the up side. >> what do you think, mike >> i like this trade going into earnings i like it as a stock replacement trade. if i'm long jpmorgan, i want to take my trade in that. >> you want to sell the stock? >> sell the stock. buy this call. i know what to expect. for me, i like this a lot. >> let's see, well, i mean, it's a pretty steep move moving into the numbers, right we're talking about being up 16% in the past month. in fact, it's the biggest rolling forward move back to the election in november so i think a lot might be priced in to put it in the context of what i don't do, street wide consensus for this stock for a price target is a dollar higher. 15 buys and 15 holds there's not a lot of euphoria on the street for this. maybe that's the opportunity language in here, there's hot potential. it's moved 15, 16% going into this number. >> that remains supportive of this trade strategy though rather than being long stock

>> the two inmates are corey long and -- >> do you have any pain on you?> no, my knuckles. >> and iron robinson. >> all i got is a little ice pack because i got a little knock, really, from head buttin', but i ain't tripping, you know. just a little war wounds. >> here you see the inmates as i'm bringing the inmates in, i open the door, they're stepping in. the fight is actually taking place right now. >> the fight occurred just to the left of the surveillance camera's view. deputies respond within seconds. when they deploy pepper spray to break it up, other inmates can be seen reacting to it. >> they got pepper spray now. so we identified the one person in the purple shirt. >> handcuffed by deputies, long is now in the camera's view. robinson has already been removed from the scene. both men have been in jail for about a month. but their conflict began on the streets. >> on the street i ain't worried about him on the street. but in jail i already know i've got to fight him because i'm going to run into him, and it ain't going to be like, oh, what's up or

keep going okay long-term. look at this at some point, and that's kind of you know, either the last -- going to get worse or maybe with a little luck, this is going to be where you can get a move. now, ten-year chart. so quite clear we have this, where they start to diverge and you know, i tried to resist the temptation to think it was cheap. i'm falling into the temperature kags or this is going to be right. let's zero in on the here and now. all right. so this is the s&p 500 energy sector. and it's a well defined series of lower highs, lower lows, lower highs, there's no other way to characterize. now here's the seam short. the period we just looked at yes, the straight down, very -- seven month decline and relative performance to the s&p meaning it's on absolute and more than the market but watch this if i draw lines here, this is key. we made new lows on the actual price but didn't make new lows in relative. which is even as it's gone lower absolute, it's starting to outperform the market. that's important

i've known him too long. that creates problems for us sometimes in terms of freight train interference and things like that. here is the good news, putting my freight hat on. the one piece of infrastructure in this country that's in great shape is the freight railroads. there's been enormous investment, freight railroad infrastructure is in the best shape it's been in 70 or 80 years. the corridor, not so. the track is okay. ride quality needs to improve. the signal system is old. the overhead wiring, we have some 80 years cattena 80 year od catenary. and then the micro come cosm of is the gateway programs. a lot of it is double tracked. it's the busiest part of the railro railroad. we run 24 trains an hour in each direction through the two tunnels under the hudson river. so we have huge capacity limitations. we have 200-year-old bridges in that eight and a half miles. the deterioration of these tunnels, which were opened in 1910, has just started to accelerate. so as a result, we have what we call the gateway

if you have ever coming out here to long wood garden and maybe stopped long the way in the kenneth square in the shop or two but not just a place to shop and eat but it has incredible history, we wanted to share that with you, as well. picturesque, since day one, this historical place, known for what it grows is about so much more. >> kenneth square is a cute town, walkable, once you park your car you good are to go. >> reporter: kenneth square is known as mushroom capitol of the world more than 65 percent of the mushrooms consumed in the united states are grown in chester county. >> quakers, the family and italian families, they passed it on for generations. >> reporter: guess minutes away, horticulture has gone wild in the stunning landscape s of long wood gardens but long before fountains began entertaining guests. >> ♪ >> reporter: quakers put down roots. steve warner owns the kenneth square inn a restaurant and tavern built in 1835. >> it is call the green gate and then it became green gate key room during prohibition. after prohibition it became green date tavern again until we purc

. >> that is great things about long wood something for everybody in the family.f you love gardens we have those in droves, beautiful water lily display in the summer. if you are not into gardening we have a performing arts program so you can come here at night and see concerts happening and for young won in the family we have our tree house and indoor, outdoors children's garden. is there something for everyone at long wood. >> i was telling them earlier when we walked by the campers who were out there with camps but that sounds great. you can learn no matter what age you are at long wood. >> absolutely, yeah. >> for a lot of to us that end if i were to try to manage a small garden, i don't know if i could produce this. so how do you guys manage to do that. that is quite a feat getting it all here and water. >> it takes a team. we have 600 full, part-time employees here at the garden and 80 of them are other than our horticultural staff keeping gardens beautiful. it ace total team effort i have been out here with you guys before. that is another situation where t

with that, brian, curt, tyron and the rest of the crew, so long from long island.ight with ufc 214. ♪ >> live from center city in philadelphia this is fox 29 news at 10:00. >>> and tonight at 10:00 a look at your live radar. rain showers still sticking around now in parts of our area. in some spots we saw absolute downpours. take look at this video one of our viewers sent us from plymouth meeting. drenching rains, lightning, thunder. definitely throwing a wrench into people's saturday night plans. as we take live look at rehoboth beach tonight people heading out into the center of town there. well, hopefully they have an umbrella. good evening, thanks for joining us on this saturday 90 i'm dawn timmeney. first oppressive heat, then sewing rains let's hope there's some improvement for the rest of your weekend. meteorologist monica canyann is here now. it was really coming out a little while ago. >> the skies let it on we heard reports of drivers having hard time on the roadways because of how heavy that rain was. here's what we're looking at now. that was severe wea

how long are you spending away from your desk? and how long was that lunch hour? >> do you want someone knowing every time you enter or leave a room? >> reporter: at least one employer in sweden has been using the implant for its workers for a while. supporters insist, they cannot track you. there's no gps in the tiny microchips. but give them time. >> give them time. the fda has recognized these chips as safe for medical use, since 2004, but in rare cases, the implant site can get infected, and the chip can sometimes migrate, very rarely, to other parts of the body. lots of comments on my facebook page. most of those comments critical. i'd love to hear from all of you. >> you might remember a time when we didn't want to use our phones to pay for things, and have our bank account information in there. >> year right. that's really the question here. privacy vs. convenience. i mean, it's so easy to do all this stuff, you are giving up information. that's what a lot of these tech companies are looking for. >> of course, let bruce know what you think. i wonder what to

i mean, long enough to grow that much. >> well, it doesn't take long for maggots to gestate and grow.nytime with a maggot in your ear is too long. >> what have they been eating to get to that size? >> they keep pulling them out. >> they're all really well fed. >> dude, this kid must feel, like, ten times better with each one that comes out. >> authorities say this video should be a reminder to keep your home clean. they believe maybe the trash wasn't cleared enough or it wasn't a clear area. flies, obviously, laid eggs inside the poor kid's ears. >> my ear is bugging me i can't figure it out. >> he can hear better and no more ear aches. >>> this couple. >> it's all about the spark and fireworks. >> see why setting up the perfect moment doesn't go as planned. >> is that a sign? it's like literally one went dead. >> that's impressive. >>> mark and kayla have been together and here they are in tennessee and mark set it up all. he's on one knee and it's perfect. >> oh! >> he literally swept her off her feet. >> that is not the way you want that to go when the man you love proposes to you.

a long-term future. communicating is my role as a scientist is to try to communicate what i know and what my colleagues and i have learned and how that relates to this project of trying to build a more sustained and healthy presence here. i do think it's funny that we talk and tell the story of time with this at the end -- i came to one of these evenings with earlier this year, late last year with ed and it was great. he's such a good speaker in his book i contained multitudes is so good. we did this thing that i've done before where he walked across the street and said this will stage is the history of the earth and here's 1 billion is 2 billion and the very end of the stage was now. i've done the same thing on a backboard with students and i thought i'm in a do that and here's now in the middle. because the rest of the stages the future. cal has a cosmic calendar where they universe beginning was january and now it's december 301st. what about tomorrow? we have to be careful that we don't define time i

i've known him too long. that creates problems for us sometimes in terms of freight train interference and things like that. here's the good news, uputting y freight hat on. the one piece of infrastructure in this country that's in great shape is the freight railroads. there's been enormous investment, i will tell you, at all of them freight railroad infrastructure is the best shape it's been in 70 or 80 years which is a positive thing. the corridor not so. the track is okay. ride quality needs to improve. the signal system is old. the overhead wiring. we have some 80-year-old cat narroirrow out there. we have the b and p tunnel south of baltimore, 30 miles per hour with curves in them, 127 years old, a little past their sell-by date. and then the microcosm of this is the gateway programs, the railroads from newark to penn station. a lot of it still double track. it's the busiest part of the railroad. we run 450 runs on the weekdays. we run 24 trains an hour in each direction through the two tunnels under the

>> long dollar >> long dollar for the first time everybody -- nobody is long dollar.verybody gave up. another recommendation university of maryland >> thanks so much for being here good to see you again. that does it for us. thanks for watching us power starts right now >> i'm melissa lee stocks in the red, tech in the nasdaq getting crushed is the herd mentality taking a toll would you trust random strangers with your money. one amazon engineer is doing just that taking his $50,000 portfolio social >>> soda, candy even cupcakes buy all kinds of stuff in vending machines now add cars to the list we'll explain and introduce to you the ceo trying to shake up the auto business. buckle up, "power lunch" start

air force one on the ground in long island over at the long island macarthur airport. president and the entire team there onboard air force one have not yet deplaned. will be shortly. the president getting ready shortly to deliver a speech in front of law enforcement officials and others dealing with a wave of gang violence here in the united states. live coverage of that speech as soon as it happens. first he's got to get off the plane and drive over to brentwood. not too far away, we'll he'll be delivering that speech out on long island. meantime, other news we're watching including this. this is a picture, worth 1,000 words. if this one, it's -- if this one of the new -- it's one of the new white house communications director anthony scaramucci and the white house chief of staff reince priebus. icily glaring in the other's direction inside the oval office. sort of screams turmoil going on right now. with scaramucci's own words, at least, in a new and rather vulgar profanity laden interview with the "new yorker" magazine. our own ryan liz sa, scaramucci absolutely un

but i think we have a long way to go.dea that they were creating the ideas that they were putting into words, we still need to -- strive to make those ideas real. >> laura murphy is new found cousin. >> anything is possible in this country. if we can -- build some connection to our history, it may give us a greater degree of compassion and empathy and humanity which is what i think the country need right now. >> but that phrase, all men are created equal, what does that mean to you? how does that resonate with you today? >> it is a powerful statement. that, i still don't think rings true to a lot of people in this country. they don't feel that. sometimes i don't feel that. certain environments. but i think it is something that we can strive for. it is something that we can as a country tie to work hard to get to. >> we are so many different people. we look so different. we are so different. but we are -- all the same at the same time. ♪ ♪ >>> that's the "overnight news" for this wednesday. for some of you the news continu

that has been going on for a long time. my big question is, why did obama do nothing about it from august all the way to november and he did nothing about it and not because he choked. [crosstalk] >> two questions, thank you very much, we must go. >> very brief follow-up, mr. president. >> two questions, that was it. thank you very much. president trump: thank you, everybody, very much. announcer: president trump has arrived in germany ahead of the g 20 summit. he met with chancellor angela merkel late on thursday and his first meeting with russian president vladimir putin is expected friday. c-span's washington withal, live every day news and policy issues that impact you. coming up this morning, we will be talking to political reporters from six states with republican senators whose votes are key to passing a health care bill. and ask what these senators are hearing from their constituents. watch c-span's "washington journal" live at 7:00 eastern this morning. join the discussion. announcer: tonight on c-span, harvard uni

what a great day to welcome president trump to long island. thank you for your great work and the work you are doing. we acknowledge the members of congress who are traveling with me, one you know from the neighboring district, congressman lee zeldin. \[applause] mr. king: another guy almost up in canada, chris collins. \[applause] mr. king: and if you take the ferry boat over to staten island, dan donovan, a great guy. \[applause] >> and let me acknowledge all the men and women of law enforcement, the local police, state police, federal law enforcement, to the outstanding job you do, we thank you for your service. and let me tell you you could never have a greater advocate than president trump. \[applause] mr. king: president trump knows that blue lives do matter. president trump will always be in your corner and will always have your back. ms-13 is a brutal gang of vicious murderers. and we have several family members who have personally gone through the horrible anguish that resulted from these vicious murders that have been carried out. bu

here in long island, i.c.e. agents collaborate to work gang cases, share intelligence and develop cases for prosecution. we're here today to send a clear message to ms-13, and all other criminal gangs, you are not welcome here. and you will not find safe harbor. president trump has made it a priority to get these criminals off the street. and if they are in the u.s. illegally, out of the country. that's exactly what the men and women of i.c.e. are going to do to keep america safe. ms-13 rts to dismantle without strong partnerships between law enforcement agencies at the federal, state and local levels. let me be clear. we will be relentless in our pursuit of every member, associate and leader of ms-13. from the command and control element in el salvador to the lone gang member walking in our communities, we will target all of you. we will bring a laser focus to the absolute destruction of this cowardly organization that terrorizes the most july erble in our country. this is time to end. however, it's time for ev

that has been going on for a long time. my question is -- why did obama did nothing about it from august to november? he did nothing about it and not because he choked. [crosstalk] >> thank you, we must go. questions, thank you. >> thank you, very much. pres. trump: thank you, everybody. [applause] president trump also gave a speech in warsaw, the san diego union-tribune reporting his speech was aimed that one person in particular, criticizing russia for its involvement in syria and ukraine ahead of his first face-to-face meeting with vladimir putin as they attended the g 20 summit in germany. we will have a speech from warsaw and show his joint news conference with the president of poland tonight at 6:45 eastern here on c-span. sunday on q&a. >> i am not -- i am not asking anybody to compromise their values or beliefs, i am asking them to open their eyes to other people so that you can figure out your place in this infinite world. >> brooke gladstone, kos and managing editor of wnyc on the media. she discusses her book, "t

how long is that going to be politically plausible?ot that long ago, we were talking about italiexit, frexit, and that all disappeared with macron, but will we continue to hear about this? >> i think you will see a rapid, over the course of the next two to three years, convergence around growth, unemployment, and inflation across the eurozone. you will have significant political problems. in the end, germany does not want to allow for their economy to inflate, and as a result, it's not sustainable over a long period of time to have extremely divergent growth and have fiscal policies run by the country to be different than a joint monetary policy. in the end, the whole euro construct comes into question. jonathan: mark, can you justify any kind of pulling back on this qe program in the fall, september or october? let's say we get to september, can you justify on the economics alone? >> absolutely. i think the inflation picture and what is happening now is giving the fed the amazing opportunity to shrink the balance sheet. their goal, wh

and we take a long-term view. we will never be able to predict everything that happens, but we take a long-term view of what that means. second, i think the process that we go through in order to work with those communities is every what theluable as ultimate outcome is in a technical sense. if we do the right stakeholder and community engagement, if we make sure those communities are , that will make sure that the communities feel more empowered, bought into what is going on at the state and national level, and, ultimately, that will make them better citizens and residents in the next disaster, whatever that the bp oil spill, tornado, rainwater flooding, or a hurricane. to give you one quick example, from the project is talked about designers proposed some really innovative solutions withd creating buildings wet feet, that they would veryate people in vulnerable areas of new york, build a new tower, but make those buildings be able to withstand flooding and turn them into, like, community centers. that is classic

long: sure.right now, fema is working on what is called aba reengineering program, a new concept to streamline services, and as i said earlier, we have nearly 200 policies that dictate how you do recovery, and that includes if it is an environmental impact assessment or cost analysis, many things. in some cases, i think fema gets in the way of interpreting contracts. i just want to make sure you follow the laws, and i want to provide you that maximum flexibility with what is there, so honestly, we have already started or reduced the complexity campaign inside fema now, and part of that is with the pa reengineering program to where we are really trying to try different things in different states to meet your need and make it as painless as possible. you have to hire a consulting firm to navigate fema recovery, it's too complex. governor scott: thank you for that. we did appreciate the good partnership, though. started or reduced the governor hutchinson: i know that you have a schedule to meet. we

that has been a long stretch. warren buffett, you cannot take that away from him, he is a long-term investor. he wants to see investment-winning companies. dallas -- $91 billion is worth is what jeff bezos is worth -- $91 billion is what you pesos is worth -- $91 billion is what jeff bezos is worth it mark: thank you so much. vonnie? vonnie: time for our quick takes where we provide context and background issues of interest. the u.s. stock market plundered and interest of traders yelling and an image is now a memory because computers are doing most of the trading. american equities change hands on 50 markets. microsecond reaction times have lowered costs and given an advantage to trading firms trying to proceed all increasing the risk of errors that paralyze trading and shake investor confidence. here is a situation. the new situation is when everyone is fast, there is less profit to be made, but despite critics, traders face the challenges and less turbulent markets with low trading volume. market makers in u.s.

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how long did it take you two to save that? a long time. then it's a fortune. i'm sure you talk to people all the time who think $100k is just pocket change. right now we're just talking to you. i told you we had a fortune. yes, you did. getting closer to your investment goals starts with a conversation. schedule a complimentary goal planning session today. ♪ whoa that's amazing... hey, i'm the internet! i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. type in your idea. select from designs tailored just for you and publish your site with just a few clicks-even from your... ...mobile phone. the internet is waiting start for free today at godaddy. >> lou: good news tonight. house majority steve scalise is upgraded. he had deep tissue infection related to the bullet wounds. the congressman will require careful monitor. he was critically wounded nearly a month ago on june 14th. >>> senator majority leader mitch mcconnell raced to try get a new vote

so the interaction between george washington to have a long career after the revolutionary war in the french revolution to be imprisoned for a long period of time but their relationship almost like father and son was i the unusual for washington so to be distinctive and impressionistic relationship and remains so today it is a great read. so as a new history of the world from the central asian point of view and now again is playing those natural resources that china is undertaking and the house of lancaster and the rise of the tudor dynasty in great britain we think of that is long lasting but it ended with queen elizabeth the first. it was not that long but certainly the left a mark on this fascinating history and finally one is the history of the hapsburg empire the history is fascinating but it is tough to get through i will but i wish it was a more interesting narrative style we think of it as a pac words place that led to interesting democratic institutions. but they disintegrated after of world war i. a fascinating irish novel in it is written in irish in the '40's and translate

we're at a promo shoot not too long ago in columbia heights. those shoots are just ridiculous.ring the news, we stand there for hours with cameras and lights and boom mikes and makeup artists and equipment trucks swarming all around us while a crowd gathers to see what's happening and we're just trapped there. we feel so silly doing those things. and this picture reminds me how vance could make something like that just hilarious. some of the times we laughed the most with our old fds ryan, arch campbell, and george michael. >> be a nice, caring individual. when did this change come over you? >> george is on a roll. >> not me, baby. doreen started this. >> tell about the sports, would you, george? >> probably be a good idea, right? >> are you glad you got me by your side? >> i love this. causes my heart to soar like the eagle, george been better do sports now, by brother. >> got out of his limousine, nobody recognized him. >> i'll bet they recognized you. >> a few of them did. >> good enough day, bob. bob? you're not going to do an update, are you? the weather couldn't be that b

it comes just hours after north korea successfully tested a long range missile.there's now concern that north korea has the capability to strike the u-s. as kristen holmes reports the u-s is now calling for an emergency meeting of the u-n security council. the u.s. has condemned north korea's launch of what they beleive is an international ballistic missile.secretary of state rex tillerson says the test "represents a new escalation of the threat" and "global action is required to stop a global threat." the south korean military estimates the missile traveled about 580 miles...the u-s saying it flew for 37 minutes experts calculate the missile could have a maximum range of roughly 4,160 miles -- long enough to reach alaska, but not the rest of the united states. david wright/ co-director and senior scientist, global security program, union of concerned scientists:"a lot of it is just figuring out how to do the hard engineering and basically get everything to work at the same time, which is not always easy to do."the launch comes as north korea also continues to pu

she and jim spent long hours going door to door. as jim recalls, mary was a lot better at walking precincts and knocking on doors than i was. mary herself commented in one campaign in his speeches jim says we're running and we are. in 1983 at the urging of state party leaders jim ran for governor. even though he got a late start and lost to martha lane collins, it was the best any gubernatorial candidate had done in two decades. jim's efforts as a candidate and state senator help signal the rejuvenation of the state gop p. when gene snyder announced he would retired in '86, jim decided to run for his spot. jim assembled an all-star team of a different kind. a political all-star team. lee atwater ran the campaign, roger ailes did jim's media and bob teeter did the polling. all three would later be reunited on george h.w. bush's presidential campaign two years later. even with this topnotch group and a tremendous personal effort, both jim and mary agreed election night was tense. tense. it got to the point where mary could no longer s

do i think it represents long-term value? if it changes and finds a way to get it so i'm in the store, yes. but it's got to do that. okay, dan in virginia. dan? >> caller: hey, jim, how are you? >> i am good, dan, how about you? >> caller: doing great just wanted to say appreciate all you do, all you teach us i'm a schoolteacher and i continue to learn from you each day. >> thank you very much that's what i've been telling some people this weekend if i can make the show 100% educational, that's where i'm going. >> caller: you can come to my school and visit i'm calling about pandora. about a month ago, siri announced a substantial investment in the company. since then, the stock price declined 12%, but since then has rallied 20% from that low. they announced a big change in senior management and speculation about a potential merger or partnership with companies such as tesla or amazon the question i have is, being the first player in gold standard of streaming music, wouldn't pandora make an outstanding mid or long-term inves

he worked with his long time friend whose life long friend thomas jefferson.hey worked together in his cause and one of their proudest achievements is the virginia statute for religious freedom. you have been to monticello. he know it's one of the three accomplishments that he put over his grave. jefferson was the author of the statute. and he declared that neither religious nor political leaders had any dominion over the faith of others. punishing people for their religious beliefs or declaring them unworthy of public office was depriving them of advantages with which they had a natural right. our civil rights, jefferson wrote, have no dependence on our religious opinions any more than our opinions in psychics or geometry. now again, madison and jefferson were on the frontier of thought here. it had long been believed that there should be an established church in the church in a case of virginia. and that religious conformity had to be imposed. but madison and jefferson saw it differently. now the statute failed to pass when they first tried to get it through

here's sophie long.lisation but it did not stop the arrests. after 1967, pride celebrations became annual events, promoting equality and challenging prejudice. but over the decades, thousands of gay or bisexual men were convicted for behaviour which would not have been a crime if their partner had been a woman. terence stewart said he was wrongly found guilty of soliciting in 1981. 14 years after the act came into effect. the offence remains on his record today and has affected every aspect of his life. i was stopped from choosing particular careers. it also meant if i applied for a mortgage, i could not get a mortgage because that would come into play in an application for a mortgage. so it affected where you lived as well. it had a huge affect on my health and well—being as well. i am very happy to announce that you are now legally husbands. cheering. it was not until three years ago, that people in britain were able to marry the person they loved, regardless of their sex. david and peter were one of t

the biggest piece of the puzzle in terms of how long it would take to file is how long the banks keepng loans. that is something you have to ask them. julia: when did you close your short on this one? >> we did close it in 2015, which is right before -- 2015 was the year we went from only trading internal capital to managing outside capital. in 2015, we had to close out our entire book as we started a new book for our fund management firm. julia: how long were you short the stock? >> i don't remember. it was probably months. of 2015.ublic in april some months, i'm not really sure. i don't recall how long we were short. the last time we spoke to you, you gave some much warnings. it gives such a great short but you are not short. want to ask you what your gains are and why you were not short at that point. >> why we were short is a lack -- when you look at mapping, regardless of whether you are bullish on it or not -- it's valuation is based on future expectations. normally a company that we short has debt, it's not freeing entirely on the future, so we have real concerns about this com

it is just a case of how long.ve admitted there will be a transitional period but the issue is will there be a destination insight oi’ will there be a destination insight or is itjust because we have not come to a deal yet, which will not be accepted by that strand of the party. free schools are under threat due to budgets. bad news for teachers here because the i% pay cap seems set to stay with them. free schools may not be expanded as was promised. this is the david cameron project launched under michael gove. there will be a lot of cabinet annoyance over this. i am a school governor and believe me if you have a long enough memory to go back to the 19805, a conservative government and margaret thatcher in number ten. he was the secretary of state for education and education was up there at the top of the political agenda. here we are, the free 5chool5 at the top of the political agenda. here we are, the free schools are under threat from budget raid. all thei55ue5 under threat from budget raid. all the issues aro

japan reporting the missile possibly flew for as long as 45 minutes. so, gordon chang, daily beast columnist, is back with us on this. so, significant, of course, in and of the fact that they lau launched yet another icbm but additionally significant because it was in the air eight more minutes than the last time and bigger and higher than before. why is that a big deal? >> it's a big deal because it means that they can launch this missile farther down range than we thought. the july fourth test, which was their first icbm launch, that was 37 minutes in the air. this is 45. that one went 1,740 miles into space. this one, 1,900 miles into space. and of course it went farther down range. and what they did was they landed this very close to japan, as you mentioned, 80 miles. this is significant because they're warning the japanese, and there's one other thing that people haven't talked about and that is we over the weekend were looking at one location in north korea where they had sorted these mobile missile launchers. that's where we thought this was goi

and it has been for a long, long time.erry that goes from my parents' house near manly beach to downtown sydney. there is nothing magical about the boat itself. tourists and locals ride this thing every day, but really that is what makes this ferry so special. no commuter ride on the planet offers up more amazing city views. it's routine made spectacular. now you

, long time. even if they had some point manage to repeal and replace with on >> definitely. speaking of, john mccain he didn't want mesa's vote. he's one of the three that cast his vote for note today. we heard some cheering going on when i was talking to bret baier loader earlier. did you at all hear what that was about? obviously, we could tell it was probably the democrats rejoicing in what happen, but did you specifically hear what they had said to cause lecturing? >> there was a small group of demonstrators outside. we have seen some pretty big demonstrations are on capitol hill over the past month or so. there was one day a couple of days ago where they arrested 90 or so people protesting on capitol hill. big protest almost every day at mitch mcconnell's office. there was a pretty big protest in the senate chamber on tuesday afternoon when they were starting the vote on the motion to proceed. this was to call up the health care bill, and once in a while you have a demonstrator or two and th

how long will that be politically plausible. too long ago, we are talking about an italian exit, a frexit, and that has disappeared with macron's election. are we going to hear about this again if this continues to be the trend? michael: unless you see a rapid convergence in the next 2-3 years around growth, unemployment, and inflation across the eurozone, you will have significant political problems. because in the end, germany does not want to allow for their economy to inflate, and so as a result, it is not sustainable over a long period of time to have extremely divergent growth and then having fiscal policy run by individual countries to be different than a joint monetary policy. so in the end, the whole euro construct comes into question if you continue to see that the urgent growth level. jonathan: can you justify any kind of pulling back on this qe program in september, october, and we won't have that argument here on this program, but say we get to can you justify on the september. economics alone at this point? mohamme

gone for a long time. if you look at the programs we now run, the millennium challenge assisted countries you will receive packages from the united states only if you are governing wisely and fighting corruption if you are investing in your people. if you are doing those things then we will give you foreign aid and i will give you one example. it's actually quite efficient and one of the problems combining them is nobody knows what the title is of the land so they changed the law. when you go abroad and look at the relief for the humanitarian crises or that kin the kind of s we have run all over the world you recognize it out to be the most compassionate and it's good for us, too because when you create responsible for firms that act in the international system in a way that enhances prosperity and security, we are all better off. so, it is a very inexpensive way to keep us from ultimately having to intervene in other more expensive ways including by military force and most americans there has been a poll

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we think of it as long-lasting but it wasn't to begin with. it wasn't that long but it was something that left a mark on modern britain. two books i'm reading today. one is a history of the empire by peter and i have to admit that history is fascinating but it's tough getting through. i wish it were a more interesting narrative style, but we think of it as a backward reactionary place but it was more lively than that an and its leit ledto a lot of interesting democratic institutions in part disintegrated after world war i and then a fascinating novel written in the 1940s and translated into english and it's a combination of the concept of the dead talking about their conditions and it's nothing but a series of narratives reflecting on what's going on around them and still holding onto their grievances and pettiness and joy. i'm enjoying it a great deal. that's it for now.