actually losing hope as we see in the case of john mackenzie.e seen the same thing happen with other individuals. amy: you were denied parole repeatedly. mujahid: nine times. i made the 10th parole board. amy: how? feel? did you mujahid: i felt great. amy: when you got it, but before then? it was notunderstand specifically directed at me, and that helped me cope with it that i knew some the was going on that was bigger than the parole board simply denying the release. the say parole act is an act that would pretty much preclude the parole board from focusing on the nature of the crime. it would require them to look at how a person developed over the course of their time in prison. and to base release decisions on that and whether or not they present a risk. only havey manley, we 30 seconds or so, but is your hope that there will be some substantive reform as a result of what happened? kathy: yes. i hope john's death serves as a wake-up call to this broken dysfunctional system. that needs to be a presumption that was someone gets to their minimum

latest bloomberg business flash from tom mackenzie.nsurancee's biggest saw a income declined to 1.1 billion euros for more .21 point billion euros per year. allianz ceo at 8:30 u.k. time. it's considering i direct london to first link that would rank among the first longest flights. serves its first 77 will continue to defer delivery of its remaining 883 80's ordered. toyota shares have risen despite predicting a 37% plunge in earnings because of the stronger yen. $5 billion off the operating income of japan's seven automakers in the first quarter. toyota alone has taken a $2.3 billion hit. the companies have cut off and asked the government for help. samsung is hoping the olympics will help generate interest with virtual reality at based. is teaming up with nbc university -- to deliver the first dvr presentation of events. the opening and closing ceremony, diving, track and gymnastics. that your bloomberg business flash. anna: now mark carney has unleashed a package stimulus including the bank of england's first rate cut in seven year

billiton ceo andrew mackenzie earlier.ve minutes away from the end of the tuesday session and stocks are up for the third consecutive day, the longest losing run this early july, the week euro hurting exporters. the ftse 100 eight-day winning run has come to an end. is dominating the currency situation and we had strong inflation figures in the u.k. a better than expected german investor confidence numbers. ♪ yorkve from london and new you are watching the european close. let's take you through the early market action, the late market action and the closing action. three industry groups rising today, oil and gas, chemicals, basic resources. this is the longest losing run, three days since early july. the biggest fall for two weeks for the stoxx 600 today. look at this, miner. bhp billiton, shares up 4% today. they flag they are emerging from the worst come on at a price slump in a generation, underlying profit jumping 95%. we have seen a rebound in commodity prices since january. since the multi-decade lows. the second qua

mackenzie, bhpw billiton ceo. looking forward to seeing you again.re. this is bloomberg. ♪ alix: this is "bloomberg ." coming up, wilbur ross. from new york city, this is bloomberg. i am jonathan ferro. we have been talking about linde ton talks with create the world's largest supplier of industrial gases. linde now confirming those talks with praxair. more news from that story as it comes. to get you up to speed on the market news, equities in the last 15 minutes -- this how we opened. down by 4/10 of 1% in the dow and s&p 500. lower in europe, down almost three quarters of 1% in the dax. the fx and bond market is the interesting part. yields were lower across the curve in treasuries. now at one point 57%. the federal reserve bank of new york resident william dudley saying a fed rate hike is on the table for december. the dollar is weaker. we are at 100.29. really, this builds momentum towards jackson hole and the fed. l on thepouring fue conversation. david: just when you that we could not find any more drama in the fed. now will turn to health

mackenzie had been in prison since 1975 after being sentenced to 25 years to life for killing a policefficer during a robbery. mackenzie first became eligible for parole in 2000 and earlier this year, the state supreme court held the parole board in contempt of court for failing to acknowledge his remorse and rehabilitation. this is mackenzie's lawyer kathy manley reading a letter from his daughter danielle at monday's protest. >> many people have been positively infenced by my father and the good work he did while incarcerated, something ignored by the parole board. ds, he foundodf his own path to rehabilitation in the face of an erisa to. -- face of adversity. they chose to ignore his rehabilitation. instead, they focused on negativity, punishment, and hate. therefore, the parole board should be charged with my father's death. amy: more than 9,500 people over the age of 50 are held in new york's prisons. two-thirds are eligible for parole. today, japan marks the 71st anniversy of the u.s. atomic bombing of nagasaki. japanese prime minister shinzo abe reiterated japan's commitment to

tom mackenzie is focused in hong kong.om: japan's economy grew less than forecast in the three months to the end of june. gdp extended -- expanded by annualized 2.2% in the second quarter. the news comes as business spending contracted for a second straight quarter and they struggle with a resurgent yen. the u.k.'s exit from the european union could be delayed until late 2019. they may not be ready to start negotiations as early as predicted. the brexit and international trade ministries are still recruiting staff, making it unlikely that britain will invoke article 50 until late next year. london properties are taking longer to sell this month despite the summer price cuts. homes in the capital are staying on the market for five days longer than in may. moveeak to the right director at 9:30 u.k. time. of --t evacuated after after initial reports that shots were filed. -- shots were fired. theorities have said that facilities have been cleared and no shots were fired. hasleader of hezbollah cited donald trump for saying ba

here is tom mackenzie. tom: thanks, carolyn.aersk has reported an 88% drop in second carter profits. the figure missed estimates, although its ebit number was a beat. the company has been suffering from falling prices in its oil and container division. noble reported a net loss of almost $55 million in the second quarter. the commodity traders said its priority is boosting cash flow. novo group has lost its blue-chip status and investment great rating amid sliding commodity prices and a tax on its accounting. decision to diversify alibaba is paying off shares jumped in new york after results beat estimates. revenue increased 59% in the first quarter driven by streaming and cloud computing. net income and sales also beat expectations. itsaba said -- achieved goal in target revenue. jpmorgan says it will liquidate a japan-focused fund after a surge of investor withdrawals. the japan market neutral fund will liquidate after assets dipped to around $70 million this month following significant redemption. the fund has lost 16% since

tom mackenzie is in beijing. what are we seeing here?inor miss for the july manufacturing pmi data. at 49.9, then manufacturing pmi for july. the forecast had been for 50, so marginally off. it was 50 in june. i don't think that will cause concern amongst holocene makers, but below forecast. china policymakers. non-manufacturing pmi and june was supported by the construction sector. july nonmanufacturing pmi 53 .9, so it will be interesting to see if services have picked up. key details in the manufacturing firms,a is hiring by factories, keeping labor costs low, starting to increase employment numbers. also, fixed asset investment has been weak. it had been hoped that the weaker renminbi would support manufacturing. deflationary prices at the factory gates have eased somewhat. thee is more credit in system in china, so manufacturers benefiting slightly from that. this 49.9 is slightly below those estimates. was time it was above 51 september 2014. expansionaryd the and contractionary figure of 50. we are expecting the private manufactur

tom mackenzie is watching this for us. how significant is this. an idea of the players and how they are interacting or not interacting tom:. not interacting. it is a big deal because it involves two of china's largest real estate developers. bought shares through a subsidiary, making it the fourth largest shareholder. e's reason they gave was vank strong financial performance as china's largest developer. it is in the midst of an ownership battle with its largest shareholder, which has built up a 25% stake in the developer. it looks to some as though evergrande has joined the fray. they expect the battle to escalate as a result. have thewhat regulators had to say about this ownership dispute? tom: they are pretty anxious. management toke's into the dispute and criticize them for ignoring market stability and tarnishing image. has said it is the object of a hostile takeover. they won't have missed the tencent pop in a-shares yesterday when they hit their daily limit on the exchange following the news report about the share purchase. beenad: has eve

let's get the bloomberg business flash with tom mackenzie. tom: thank you.eported second-quarter earnings that met estimates in india and improved pricing. 's adjusted operating profit rose to $1.76 billion. the company remains under pressure to deliver on target after the merger. qantas airways plans to use a boeing 787 by the end of the year, and is considering a direct london leap that would rank among the world's longest flights. the ceo says the carrier is set to receive its first 787 next year and will continue orders from airbus. taiyo the shares have risen despite predicting a 37% plunge in earnings because of a stronger yen. the currency rise has wiped almost $5 billion off the operating income of japan. toyota alone has taken a $2.3 billion hit. the companies have cut losses and have asked the government for help. that is your bloomberg business flash. anna: thank you. we have had one of the first housing indicators since devoted to leave the eu. that vote took place in june. halifax july home prices fell by 1% month on month, more than was estimat

mackenzie taug ht him morse code properly. he was a good student. in three months, he had become proficient enough to get his first job at the telegraph operator in downtown port huron atwater's jewelry store. a jewelry store is a bit of a stretch, they sold everything. he left after six months, he was not a good employee. tinkered with equipment and broke with tools. but mr. walker always had nice things to say about him. he went to stratford junction ontario and got a job from a telegraph agent. midwest,all over the never staying anywhere very long. he was always getting into trouble on the job for tinkering with the equipment. at one point he let a bottle of acid fall on the floor and it ate right through the floorboard into the bosses' desk below. for a few years he had three different jobs in three different cities. it did not last long as an employee, and it was important for him to be the boss. i think that's one of the lessons he learned that it has to be his way or it will work out for him. it will not work out for him. >> mary had a little

tom mackenzie in beijing.n making the connection, ubs securities here to discuss the link with hong kong. we have reaction to do that. shanghai underway, hong kong as well, the opening numbers are next. ♪ hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. ♪ gaining regional stocks , brent crude near $49, the yen retreating after breaking $100 per the second time this year, snapping a two-day drop, energy shares helping things along there. declines in u.s. treasuries after the new york fed chief william dudley said a rate hike could come as soon as next month. afterore

have a great weekend mackenzie: ...for our next death-defying spectacular in the cavalcade of mysteries! as you can see, ladies and gentlemen, the blade is deadly sharp. [ audience gasps ] no magic for you tonight, then, miss? oh, i wouldn't say that, mr. butler. [ doorbell rings ] [ sighs ] jack! jack: of course, miss fisher. no doubt an unexpected guest is far more enticing than an expected one.

here is tom mackenzie in beijing., the uk's with a draw from the european union could be delayed until late 2019 as new ministries for the transition may not be ready to start talks as early as expected. the sunday times says department's are still recruiting, making it unlikely article 50 will be invoked until to taket year, required the u.k. out of the eu. reports from japan say the government is to develop ground to air missiles to defend islands also claimed by china. be a systemed to deployed by 2024. tensions have been rising over the islands ahead of next month's g-20 in china, where there is talk of a meeting between the president of china and prime minister shinzo abe. police and tylan say the suspects are probably still in the country. the devices used in popular tourist resorts were broadly similar, and one group may have carried out all the attacks. no one has admitted setting the bombs, but the prime minister said it was an attempt to destabilize the country. rishaad: thank you a lot for that. we are taki

n that's at 9:40.and at 1 p-m: mackenzie brown competes in early round action in women's archery.she's seeking the first u-s olympic medal in the . aly raisman and simone biles are gettg ready ompe individual oundaland theygot sum simo's celebrity crush.take a look efron tweeted.it says "of i'm wa thetchingfinal ve dominate the floo" si and zac have shared a few tweets back and rth. ? after simone revealed on a talk show-- she has a big crush on the actor. up next on live at daybreak on today's tmj4 --burglers strike again in a local suburb...how police say the suspect got most clr, vy warm a6g muggy with lowse lower 70s and patchy f. today the most unortably of the week with highs near 90, ve steamy humidity, and a heat index near 100?. clouds will be increasing today with scattered t'storms developing 7pm and 2pm heavy rain at of a warning from police this morning-- after thieves target another home in shorewood-- in the middle of the night. this is the third break in in a matter of weeks.ann sterling is live with more. this time the intruder hit a home in the 39 hundred block of fre

chinago to our correspondent, tom mackenzie. is the pboc trying to strike a confident tone?ata we have on retail , it missed forecasts. the focus from this top pboc economist was on the credit supply number that came through below its growth. m2 number, at the that was up in july. 's target for the year is 13%. we saw aggregate financing. loans, half -- new at what analysts had predicted for july. likely have come up as well. it is very unlikely 13% for the year will be changed. yvonne: were there any other comments? >> talked about corporate debt levels. they are higher than international players. he is concerned about that. the need to tackle some of those, especially in areas of overcapacity. be more focused on job markets and stability. when you combine that with his comments about zombie companies. focus on the job market. -- we have heard from other pboc officials. it isg about the yuan, continues to yuan be market-driven. we heard from the state information center this morning saying they predict second half growth of 6.6% in china. -- your growth of 6.6 four-year gro

earlier, bhp the litan the eeo, andrew mackenzie, said the worst of the decline in commodity prices mayssed. -- the hp litan. bhp bil as markets come back into balance, they may trade more on the back cap. that is why when we look at carbon prices we predict we would deliver $7 billion of free cash flow this year, which will be the highest cash flow yield since they were formed in the company through merger since 2001. we have a very strict capital allocation that we used to determine. since --rst and instance we will look after maintenance capital. we have a dividend we pay up 50% of the underlying attributable earnings. then it is much more of a choice. an additional dividend. i think the preference going forward is to continue to pay debt. not to the extent we would not to use the opportunity, tragically was $7 billion to make good on the commitment to increase cash returns to the shareholders and look after very long-term growth plans for the economy. plane outlined a six-point to grow the value of the company at the prices that existed then by nearly 70%. that is something we want

mackenzie in beijing. we have to take a break.tor,op hotel joining us next. ♪ rishaad: a quick check of the latest business headlines. gold is fairly flat today. haven assets will probably rise should donald trump when the the u.s.idency -- win presidency. dealing -- i think valuations still have a long way to go. probably one step ahead of analysts and always will be. india may be a step closer to passing one of its biggest economic reforms. the national sales tax, the prime and assert lax -- the prime minister lacks the majority. it will be presented to lawmakers on wednesday. ibm is said to be in talks to buy rival systems in the latest bid. discussions are in the early stages. retailersy supplying with that software services that handle orders, payments, processing, and payroll. europe has been an increasingly strong draw from tourists -- with tourists from this part of the world. with these terror attacks in france and germany, travelers looking elsewhere for their holidays. >> the recent string of attacks have taken its toll

discuss a new report by mackenzies on global income and equality. that, coming up your way. bloomberg. ♪ francine: moody's show banks are resilient under adverse conditions. the managing direction -- managing director joins us to discuss results. there were concerns about italian banks. are these tests credible? mosterall, we have seen european pranks -- most european -- and they to be came out better than under the 2014 stress test, despite the fact that these scenarios that were developed for the stress test were more comprehensive than last time. somewhat harsher assumptions were used, as well as additional risks.such as conduct france's overall, the results have critics, they have not tested their main weakness, their shortage of loss -- capital. investors want to know whether european banks have enough capital. did we do that correctly? >> at banks proved to be resilient under these scenarios. the tests or used as benchmarks at the end of 2016. in capitalaced levels, but close to it. weer these scenarios, observe most of the banks came out with capital ratios above 7% 8

the first is douglas mackenzie whose 250 yards away, two and af half football fields walking away when he's shot through the neck 250 yards away to give you the sense of the power of the m1. john cleary was 37 yards away. he was shot in the chest fromfr 37 yards away and survived barely and spent three days in intensive care. you will recognize these photos. very distinctive looking. a long face and hair, so antiwar movement. he won a scholarship and decided he didn't like his major and transferred to ten states that he could be a psychology major and was number two in his class and he stopped by to have a look at what was happening. you see him holding the books like this. this is the one that breaks my heart every time, the speech pathology nature and it didn't have a political bone in her body working from one to anoth another. we will get more of her in a second. geoffrey miller used the earlier he darted around and was probably throwing rocks and other things. this is a photo that appeared in all the newspapers and i think it exaggerated that innocence. this isn't the famous photo

it's 8-year-old mackenzie's first day of school! "i'm very excited. they're excited d everyone so hopefully it will be a good year." the paschall's moved to las vegas just three months ago. mackenize and her cousin are one of the many c-c-s-d students starting school. "what do you like about school? learning..." that's an answer i think her grandparents liked... her favorite subject is math. "i don't know how to multiply but i know how to do my pluses and minus'." "i go with them every where, every where i go they're with me, and i teach them everything there is to know about safety, crossing the street, don't talk to strangers, listen to your teachers." and safety is top priority, as students walk to and from school, crossing those busy intersections. as many as 10 officers will be patrolling the area, highlighting the rules of the road ... and making sure students stay safe. important and it's very important around the school areas that people obey the speed limits and you have to look out for children and adults in the crosswalks." some good advice

here is the dallas fed president and what he told tom mackenzie in beijing. >> one thing i have learned in this job, one thing you learn about data releases is they are going to be revised, at least more than once. what i will do in response to this is basically wait for more data, try to assess -- certainly on balance of the dallas fed, it causes our gdp forecast for the year to probably still be a little less than 2%. we still believe the consumer is going to be strong in 2016, but it makes us also be very watchful for the next number of data releases to see what trend we are on. comment aboutuld this gdp report, the consumer was strong in second-quarter gdp. there was an inventory adjustment. sometimes those inventory adjustments work themselves out as the year goes on. i will be watching for that. is thesis still for 2016 consumer is going to be strong in the united states and i think that thesis is still in tact, understanding we will have to watch for more information. tom: the markets seem to be pessimistic about the possibility of as many rate cuts -- >> rate hikes. hikes.te are

here is what dallas that president robert kaplan told bloomberg's tom mackenzie in beijing. >> one thinge learned in this job, the one thing you know about data released is they are going to be revised, at least more than once. so, i think what i will do in response to this is basically wait for more data. try to assess. it causes are forecast to be less than 2%. we still believe the consumer is going to be strong in 2016. but it makes us also be very watchful or the next number of data releases to see what trend we are on. the one thing i would comment on this gdp report, the consumer was strong and second order dp. -- gdp. there was an inventory adjustment and sometimes they can work themselves out. i will be watching for that. 2016 -- the consumer will be strong in the united states. understanding we will have to watch for more information. >> the markets seem to be increasingly pessimistic about of as many rate cuts as possibly the fed is being signaling. are they being overly complacent? >> are they being overly complacent? time will tell. our next meeting at the fed is not until se

our david mackenzie visited them while they were there. >> reporter: morning training in the hills, am their homelands from war and family. they have no flag of their own. >> when they came here first, went out training at the stadium, and people were laughing at the athletes. these are not athletes. coach, what are you doing with these people? that was very discouraging. at the beginning, i thought, are we going to make it? >> reporter: the coach is molding raw talent. refugees selected from south sudan, somalia and the congo training for a chance to make it to the rio olympics. it's the first ever refugee team. >> you see their times improved a great deal. >> oh, it does. when they started, it was not the way they are running now. >> reporter: rose has been running her whole life. when the war came to her village in south sudan, she fled the killing on foot. then in the back of a truck. >> people undermine refugees as they are not human people like them. if they can discover their talents and make it like other people so they cannot be undermined. >> reporter: rose says her tough tr

alix: thank you, tom mackenzie joining us from beijing. breaking news this morning, tesla and solar city officially going to combine in an all stock deal valued at $2.6 billion. atvalues solar city shares $25.37 apiece. more -- a few10 dollars less from where shares were trading at the end of friday. i should point out that solar city does have a 45 day go shot period, where he can look for competing bids. to combineolar city at a deal at $2.6 billion. david: you unless gets his way. this was in thinking wanted to do. -- elon musk gets his way. they are not sure it's good for tesla. alix: fair enough. he does have a termination fee of about $78 million. to your point, a lot of shareholders wondering why tesla -- that has a lot of debt, is going to go spend a lot of money to buy solar city. david: shareholders want you on musk to stick to his knitting. -- elon musk to stick to his knitting. new data out of china points to strengthen the service sector and weaker manufacturing. we turn to robin ganguly, we want to talk about what those numbe

ambulances of our range of victims to some as young is 6 years old the eighth the same unwrapped the mackenzieaid one man gas sick immediately after eating one of those candies he saw the girl having trouble breathing their deal with a wide variety of different afflictions some people had to call for backup and it got worse a>>james: in the in five patiens had to be taken to the san francisco general hospital for treatment not have to be amended they were treated and released. >>mark: of orders have suspended their search for bay area man for disappeared or been more than a week ago he disappeared on the wilderness area back on july 27th. >>mark: share deputies called off the search of the we can say the have exhausted all possible leaves. >>darya: the virus has been linked some of the severe birth defects including where there weren't a limited health officials said the rest of the virus spreading is extremely low because the type of mosquito the chance and the virus are not native to the bay area health officials said that women if you're pregnant you should avoid gone to places where the vi

mackenzie thought tom, or al as he went by as a use, taught him more's code properly. in two months, he had become proficient enough to get his first job as an operator in downtown port huron. it was more of a general store. they sold everything. he lasted there six months. he was not a good employee. he tinkered with all the equipment, he broke the tools. after about six months, they parted ways. mr. walker always had nice things to say. he went to stratford junction , ontario and got a job as , telegraph agent. he ended up moving all over the midwest. he never stayed anywhere very long. he was always getting in trouble on the job for tinkering with the equipment. at one point, he let a bottle of acid run through the floor and into the bosses desk below. he was fired for that. for a few years, he had three different jobs in three different cities in different places around the midwest. we know he did not last long as an employee and it was important for him to be the boss. that is one of the lessons he learned. it had to be his way or it's just not going to work out f

trader who in fact crossed the continental north 10 or 12 years before louis and clark was alexander mackenzie of whom many of you know cross the canadian north but is nowborder but is now the canadian north of 1793. so alexander experienced first traders on board of the ship and they pick up an interpreter on the way up to vancouver island of the harbor and they end up in what is now the island near. and the interpreter said you don't want to go into the sound. the indians here have bad memories of earlier traders and resentment. he ignores them and goes in any way. i write throughout this book in a number of places about the native american tribes and the different cultures. i'm not going to go into any detail at this point other than to say it was an irony that out of all of the native american tribes in north america that his parties ended up coming against two of the wealthiest ones and one of them with their incredible herds of buffalo and the other being the northwest coastal indians with the incredible salmon runs and oysters and clams and on and on. they had an incredibly rich life ma

andrew mackenzie joins the team a little bit later on bloomberg go.lly, a debate in a very real debate. suggested the u.s. central bank should consider raising or abandoning its 2% inflation target. japanese stocks are lower this morning. the yen is surging to a three-month high. we are so close. appetizing we close to ¥100. weakness ineing japanese and chinese stocks. the index overall pretty much unchanged want to show you emerging markets assets first. they are hedging for the longest winning streak since april 2015. a nice day of gains, heading for its highest level since july 2015. that means valuations are at their highest in 15 months. they are in overboard territory. it makes the question, how much further does this rally have to go? if you get into it now, are you too late for the party? currencies in part driven by a higher oil price, even though we have seen it come down a little. wti above $40 a barrel today. a little bit weaker today. it is above its 200-day moving average for the first time in a year. 18% though this has climbed from a j

tom mackenzie joining us live from beijing.wing risks in the world's second-biggest economy. thosee been following lines from the imf. what are they worried about? juliette: it was discussing its article for on china when it was mentioned. the imf is confident that china's economy continues to move towards a sustainable growth path, but vulnerabilities are rising on a dangerous trajectory, and that is eroding place and fx barriers in to contain growth. the medium-term outlook according to the imf is clouded by rising corporate debt and structural excess capacity, and warning that without reforms, china could face a sharp slowdown or financial crisis. the imf talked about the shadow credit products as well here it how concerned are they? have about $2.9 billion in shadow credit products, high risk a, but i return loans, so the yields are around 11% to 14%, compared to 6%. managed ore not unwound properly, they had and have huge ramifications, so while these loan losses can be managed gradually, the defaults on shadow projects co

sitting down with tom mackenzie in beijing.and or uncertainty. >> uncertainty rising from a couple of sources for short. downward, most business leaders i talked to, not spectacular growth for the business, that is one aspect. the second aspect is the rate of disruption in industries. meaning you go industry by industry and there is a new entrance or competitive threat or disruptive threat that at a minimum reduces differences and hurts margins. in some cases, it may actually change the model. those uncertainties together are causing business leaders to -- capital spending and expansion plans. those are probably the two big affecting capital spending. i do not think those drivers are going away. a prolongede situation for capital spending. the capital spending is muted. energy prices and commodity prices generally have been lower. that has created a dampening effect. classy talked about the environment of lower inflation, policymakersd for ,- the need for immigration policies put in place to lift us from the low growth area. ar

does andrew mackenzie keep the eight-year optimism we have seen, actually almost 12 your optimism, orhe revert back to broken properties of another time? stuart: that is an extremely good question. it will start going up again for the next fiscal year. tom: exactly. stuart: here is the decision he has to make. he has this money pit sitting in the u.s. in the form of oil assets. he has iron ore, which is not keen on, but it is making money. you have copper somewhere in the middle and coal. tom: these guys have been the grown-ups in the room. you live this every day. is this a new bhp balaton or a new company hoping to get back to really china expansion? i don't think they are thinking about it in those terms. think anyone has come up with an answer to what replaces china. they said today they cite gdp to be 6.5% to 7% over the next year, which is quite bullish. whether we see that or not, they are not expecting china to collapse. francine: do we need to replace china? it seems a little bit premature. there is still quite a few years to run in china for these mining companies. stuart: y

mackenzie thought tom, or al as he went by as a use, taught him more's code properly. in two months, he had become proficient enough to get his first job as an operator in downtown port huron. it was more of a general store. they sold everything. he lasted there six months. he was not a good employee. he tinkered with all the equipment, he broke the tools. after about six months, they parted ways. mr. walker always had nice things to say. he went to stratford junction, ontario, and got a job as telegraph agent. he ended up moving all over the midwest. he never stayed anywhere very long. he was always getting in trouble on the job for tinkering with the equipment. at one point, he let a bottle of acid run through the floor and into the bosses desk below. he was fired for that. for a few years, he had three different jobs in three different cities in different places around the midwest. we know he did not last long as an employee and it was important for him to be the boss. that is one of the lessons he learned. it had to be his way or it's just not going to work out for

and here at the bush center, we have one in bill mackenzie and we're fortunate that bill is a part ofur team. kevin, ann, thank withdryou ver for convincing us to join you in hosting this. it's very exciting for the bush center that you're here and all the members of the pulitzer prize board as well as the representatives from 41's library and i forgot lbj's number. anyway, looking forward to the performances that will take place here in a little bit, and as a history buff, i'm thrilled that annette gordon reid, ron chernow and ron meacham are here to be interviewed by mark upterboro. at any rate, in order to get my book reconsidered, i thought i would sharone an anecdote with you. so i was tasked to -- it didn't require much tasking, by the way, to talk to vladimir putin about the necessities to have a free press in order for the society to be a wholesome and vibrant society. he had just suspended the independent press and this was in slovakia. i couldn't identify it during the debates. anyway -- [ laughter ] so i said, vladimir, really important that if you want to join those of us