so it's my great pleasure to , welcome acting commissioner mark morgan. thank you for being here. rk: thank you very much. and i also have to say, former marine. had to get that in there. [laughter] jessica: i had that on my list. semper fi. -- thank you for coming. i want to let everyone know that commissioner morgan will be in the hot seat for a while with my questions, but if you have questions that you would like to have asked, please fill out the index cards that we are providing, and i will go firm may be half an hour, 35 minutes, and then we will take questions from the audience. but i think i am going to jump right in with this topic that i think everyone wants to know about the most, is can you give us an update on what's happening at the southwest border? mark: sure. i think when we talk about the southwest border we have to put it in two pockets. one is the crisis with respect to immigration, and the other is what i call the national security crisis. i think as of late, for understandable reasons, we are talking about the immigration crisis. so, let me start with that. t

lou: mark morgan. customs and border protection.ill happen when the legislation gets to the senate. ♪there's a me no one knows ♪waiting to be set free so, what's the empty suitcase for? the grand prize trophy ♪i was born to be somebody which is why xfinity mobile data,is a different kindent. of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to top wireless carriers. save up to $400 a year when you switch. plus, save even more with $150 off galaxy a70. click, call or visit a store today. some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. [♪] lou: the radical dimm-led house of representatives passing two measures that would snriment

lou: mark morgan. customs and border protection.ill happen when the legislation gets to the senate. retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. shipsticks.com saves you time and money. which is why

lou: mark morgan. customs and border protection.en when the legislation gets to the senate. i am for shortening my cold, with zicam! zicam is completely different. unlike most other cold medicines, zicam is clinically proven to shorten colds. i am a zifan for zicam! oral or nasal. when people ask me what makes verizon 5g different, i talk about the future of search and rescue. rescuers can't save people, if they can't see them. but with the massive capacity of verizon 5g ultra wideband, they could get multiple drones in the air and pinpoint survivors from a command center miles away. that's a difference that could save lives, that's a difference that will change everything. oh no, here comes gthe neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity cust

this edition of the kaiser report with me max kaiser and stacy herbert like to thank our guest mark morgan creek capital if you want to reach us on twitter it's kaiser report until next time by elf. and i need another one of the highest democratic way to go through a food. bank itself mukti about. closing this way got $2.00 so hard not to think i'm a bit disappointed this move but the look of a power and i'm going to start then if. this is the only thing that we do is music because everybody fights in his way. through our you can move the feet all found this bill frist woody allen you have all the ability to put the payment on the. what i think is this is the funds that is a constant. through . all my uncle the kids think compensate the boy tonight but a. simple proof that they can. move on with said i didn't get showed up to move this because of i'm listening to the going to be a good show mr certainly must. not so much for speaking with my sons it is 872 plus a 1000000 years. i'm going to fulfill the repeated purposes of politics to the people and tom i think you know we've all pots be.

welcome back to the kaiser report i'm asking as our time to return to our conversation with mark morgan creek capital in morgan creek capital digital welcome back thanks again for having me here it's great all right i love to pick your brain you're a veteran of the street as they say and got a lot of interesting insights into how the markets work in the economy works of course being a money manager you are all was concerned or focused on alpha you've got to you know generate returns for a investors and to this effect on this story you've been saying now for a few years really the 1st in your industry that you can get alpha with bitcoin and that is i think the phrase you use is just get the one percent get off 0 get offers 00 write one percent be great to 3 would be better but hash tag get off 0 and you've done some work where if you had even one percent of the institutional portfolio in bitcoin over the past 5 years you're out of your performance would be outperforming just about everybody was incredibly if you took one percent of all the endowments and foundations 5 years ago and 67000

welcome back to the kaiser report imax keyser time not to go to mark morgan creek capital he's one of the earliest if not the earliest money manager to get his clients into bitcoin mark welcome back thanks for having great to be with you alrighty i'm going to ask you some porton market related questions here since you're such an expert on what not the new york fed has been intervening in the repo market sense the 4th quarter of last year what do you think is going on. q e 4 ever it has tag for it q e 4 number for ever they don't they don't call it q.e. but it is in the government is monetizing debt too much debt no demand people are selling debt around the world. people are buying it as much in the u.s. so they've got to you got to be a buyer buyer last resort the fed so the fed is doing everything they have by and t. bills intervening in repo market and the big problem of the repo market is there's a supply demand problem right they've got these funds that are all levered up and they're the only ones buying equity right now so if they don't provide them with the juice the equity mark

conference might struggle to explain what imminent threat was posed by questions to the mommy card mark morgan has more. things got quite easy at the press conference where we saw mike pompei o the u.s. secretary of state speaking alongside steve minutia in the secretary of treasury and this comes just a week after the killing of iran's top general qassam solomonic and as the press asked questions got particularly tense mike pompei o seemed a little bit uncomfortable trying to answer the questions of journalists who just don't seem to buy his claim that the killing of solomonic was necessary to protect american lives let's take a listen to some of what went on if you have specific information about the internet and didn't have anything to do with our embassy. we had specific emanation information on an imminent threat and those threats trim included attacks on the u.s. embassies what is your definition of the internet as. this was going to happen and american lives were at risk the intelligence community is not flawless we we get it wrong in this case the intelligence community got it fundamen

acting cbp commissioner why hasn't he gotten the actual job yet mark morgan on that next hour.care. focusing on yourself each day can lead to a better year. brian: i'm doing that already ♪ ♪ s that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stay resthe new rx,the icon thatcrafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. at walgreens, we understand the speed of life never slows down. that's why we're helping you get the care and attention you deserve even faster. that's our promise. now, you can skip the line with walgreens express, get in and out quickly with 24-hour locations, or have your prescriptions delivered whenever you need us, we're always just minutes away. walgreens. >> well, as the saying goes new year, new you. sometimes sticking to a resolution is easier said than done. next guest has an strategy she is calling anti-resolutio

mark morgan, thank you for joining us. >> thanks.for the super bowl on fox with the hoe down between kansas city's barbecue and san francisco's crab dip. we've got the best just ahead. yum. ♪ ♪ could switching to geico really save you fifteen percent or more on car insurance? do woodchucks chuck wood? hey you dang woodchucks, quit chucking my wood! geico. fifteen minutes could save you fifteen percent or more on car insurance. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. because the tempur-breeze™makes stransfers heat. away from your body. so you feel cool, night after night. and now tempur-pedic is ranked number one by jd power in customer satisfaction with retail mattresses. ♪ ♪ pete: i don't think they're friends. [laughter] hillary and bernie. we'll see after what happened in 2016. who thought we'd get even more previews as 2020 approaches in this hulu film premiered at the sundance festival in

thanks so much for joining us. >> so mark morgan let me kick it off with you explain what has takennd what is coming into our country in terms of counterfeits. >> let me start off first saying look american people need to understand that exploitation of counterfeit goods our economic prosperity threatens health and safety of american consumers wells national security numbers you put up almost 28,000 different shipments that we see contain counterfeit goods a drop in the bucket, of what is going out there, currently on e-commerce platform, we estimated market value of those estimates was 1.5 billion dollars, economic economy of 90% of shipments, that had counterfeit goods came from overseas international con sign meant an incredible issue. >> what are things handbags in pills? is this -- iphones is it you know ear bugs. >> it is all that it is a across the board, if out there if being produced you bet anyone who is exploiting all of that, and you know it is not just count future goods we are also seeing you know there is a criminal organizations that are out there exploiting this as

will join us to talk about impeachment strategy, also customs and border production commissioner mark morganthe president's policies apparently are working big time down in florida, plus 2020 update with former bernie sanders campaign staffer figueroa and super bowl predictions with nfl star jack brewer and if that's not enough after 10 years on the channel stuart varney joins us with a look at past 10 years, plus we will check your 401(k), busy morning kicks off 12 minutes from now right here in the channel you trust with good morning news. jillian: i'm going with the chiefs. steve: thank you very much, rob. rob: we will see how they do. steve: thank you. rob: we will be right back. when you have a child and they're constantly growing out of clothing, earning cashback from rakuten just makes everything easier. sometimes it's 3% sometimes it's 8% but you're always getting cashback. the way cashback works on rakuten is so they get a commission from the store and then they share that commission with me. and you have money, more money to spend because you got free money. go to rakuten.com and s

and the impeachment trial, does the house think they have a hand in this and we'll be joined by mark morganlian: we've both got the reds in the super bowl. >> i think so. i think we'll see you in miami. jillian: i'll see you in a couple minutes. we're coming right back. ore on . everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have-oh boy. geico. fifteen minutes could save you fifteen percent or more on car insurance. at walgreens, we love smart savers. like movie savers. tee-time savers. and especially medicare part d savers. so you probably know making walgreens your preferred pharmacy means up to $5 off on copays and 100 rewards points on prescriptions. because you're smart like that. save smartly on med d. walgreens. trusted since 1901. jillian: good morning. welcome back. kevin mccarthy calling out nancy pelosi for sus pig suspicious tg while delaying the articles of impeachment. >> the iowa caucus is on february 3rd. what this does is, this benefits joe biden. th

and border protection, marge morgan with the latest what is going on at the southern border -- mark morganarc siegel on the deadly coronavirus that continues to spread. we'll have the latest on that, and all of the news of the day at least the most important news of the day at the top of the hour. please join us much liz, back to you. liz: great to see you, lou, thank you so much. former trump campaign advisor carter page holding democrats accountable if the government won't. carter page suing the democratic national committee for funding false opposition research used by the fbi to spy on him. page has been public how much it hurt him personally, his reputation and business. i want to move ton to hans von spakovsky. with the heritage foundation. his lawyer is saying, this is the just the beginning. we could see more lawsuits. >> look, these kind of defamation lawsuits are usually pretty tough to win especially for someone considered a public figure like carter page but if i was the liability carrier for the dnc or the perkins law firm i would get out my checkbook to settle this case becau

we have mark morgan, nyu langone health diseases and infectious disease center. you, doctor. >> good to see you. liz: what is your reaction to this? they are joining india, japan, russia, iraq, vac washing outing out of china? another says this is something we can't contain, treat it like the flu, and another respiratory vie with us. your reaction. >> we don't know enough to say it will have that kind of sustained transmission. in the u.s. we had only five patients. the risk is low in the u.s. at this point. in fact those five patients have not spread the virus to anyone else as far as we know at this point. we do know it can spread person-to-person. we have a lot to learn still. i think it is not time for overreaction but for caution, for reaction, for planning. liz: reuters is reporting that china's national health minister and other infectious disease experts are saying that people are infectious during incubation, even though they show no symptoms. incubation period could last up to 14 days. that was not the case with sars. you were only contagious if you onl

include congressman jim banks, investigative reporter john solomon and acting cbp commissioner mark morgannder to follow lou on twitter @ lou dobbs. like him on facebook and follow him on instagram at lou dobbs tonight. you can follow me on twitter if you want. you just won't find me. but you can find me this weekend saturday and sunday morning with ed henry on fox & friends or tonight on the top of sean hannity's prograrararara lauren: it is 5:00 a.m. we start with a fox business alert. iran promising retaliation after president trump executes an air strike, killing a general. cheryl: he green lit this week's attack on the american embassy in baghdad. died overnight i in a u.s. rocket strike at the baghdad airport. lauren: markets reacting to the news. futures in the u.s. down 278 points on the dow, that is 1%. the s&p 500 down 35, that is 1.1%, nasdaq down 115, 1 and a quarter percent this morning. cheryl: taking a look at oil, oil is off a of the highs that it hit overnight but still wti right now

include congressman jim banks, investigative reporter john solomon and acting cbp commissioner mark morgan@ lou dobbs. like him on facebook and follow him on instagram at lou dobbs tonight. you can follow me on twitter if you want. you just won't find me. but you can find me this weekend saturday and sunday morning with ed henry on fox & friends or tonight on the top of sean hannity'sm. thank you for having me. god bless you and good night. >>> tonight just 32 days until the iowa caucuses kick off and the democrat field still wide open as another far left contender bites the dust. good evening everyone. i'm david asman in for trish regan. the latest democrat julian castro to call it quits. the field now stands at 14 candidates. president trump not having that problem, fund-raising numbers out showing the president is raking in a massive 46 million dollars in the last quarter alone, blowing past any of his would be democrat rivals. it is the best fund-raising haul for him so far this election cycle, clearly

we have al via dolorosa king, mark morgan and stuart varney all coming up. preferred pharmacy means up to $5 off on copays and 100 rewards points on prescriptions. because you're smart like that. save smartly on med d. walgreens. trusted since 1901. it's a thirteen-hour flight, tfifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't

coming up on c-span, remarks and the acting customs and border protection commissioner mark morgan.se will close out the first session of the 116 congress and open the second session for this congressional term. presidential candidate bernie sanders holds a campaign event in iowa this afternoon, and later today, president trump has a campaign rally with evangelicals in miami that begins live at 5 p.m. eastern. ♪ continuingour coverage of the presidential candidates on the campaign trail. coverage of the iowa caucuses on monday, february 3. c-span's campaign 2020, your unfiltered view of politics. acting customs and border protection commissioner, mark morgan on law enforcement efforts at the southern rd

gop, haven't had the president's back, a small group of people in the freedom caucus, jim jordan, mark morgan, lees eldon that supported the president and in the senate, nancy graham goes back and forth, mitch mcconnell has been amazing on judges but the m a g a agenda is larger than judges. i don't expect the robust trial, i don't expect them to call people they should call like hunter biden, joe biden, the so-called whistleblower and adam shift himself. the president will not be removed from office. with regard to the middle east, if anybody tells you they know the future of the middle east they are lying and probably have a bridge to sell you as well. all i know is a very clear message has been sent not only to the irg see, the republican guard, the quds strike, with the strike on soleimani, a robust message has been sent to all our enemies and adversaries whether they are in pyongyang, moscow, or anywhere else like beijing. >> host: did you know the so-called whistleblower? >> guest: i had no interactions. >> host: this email, wise trump such a danger to career politicians, military compl

going to do for this edition of the kaiser report with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you want to read just on twitter it's guys reported on exxon by. join me every thursday on the alex i'm unsure and i'll be speaking to yes of the world of politics or business i'm show business i'll see you then. trade and investment to become magic spells to economic development. most people think about trade they think about goods and services being exchanged between countries and the invest for chapter of a trade agreement as opposed to looking very different but what when investment leads to toxic manufacturing that destroys sacred sites all the environment. that means if local communities that are being poisoned to think object if they do anything that the company feels is interrupting their profits they can do serious. national zoo taking on the whole nation philip morris is trying to use i.s.t.'s to stop tour of the white implementing new tobacco regulations aimed at cutting domestic smoking rates a fringe company sued egypt because egypt raise its minimum wage

going to do for this edition of the kaiser report with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you can resist on twitter it's guys are important on the. show seemed wrong. but all just don't. get me if you get to shape out these days become educated and gain from it because the trail. when something find themselves worlds apart. just of the common ground. greetings and salutation is as we all know by now truth is and will always be the very 1st casualty of war but coming in a possibly close 2nd or 3rd is compassion not only do we immediately discard our compassion for our supposed enemies but here in the united states of america our political class are quick to discard their compassion for our soldiers unless of course there is a 4th of july parade to attend or a campaign trail photo op to smile for them there's lots of compassion you see this lack of real compassion and caring for our soldiers was on prime display last friday by the brand name in chief himself yes u.s. president donald trump when he chose to once again put politics over soldiers when asked dur

going to do for this edition of the kaiser for with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you can resist on twitter it's guys are important. trade and investment to become metrics bills to come to economic development. most people think about trade they think about the goods and services being exchanged between countries and the investor a chapter of a trade agreement is a post something very different but won't when investment leads to toxic manufacturing that destroys sacred something into the environment. that means local communities that are being poisoned if they object if they do anything that the company feels is interrupting their profits they can be certain. the nationals are taking on the whole nation philip morris is trying to use i.s.t.'s to stop tour of the way from implementing new tobacco regulations aimed at cutting domestics my. a fringe company. egypt egypt not among. democratic choice. in the united states presidential candidates debate the future of the u.s. and the world. but dig into the burning questions of this election cycle. every

going to do for this edition of the kaiser report with me max kaiser stacy ever like i asked mark hughes co of morgan creek capital if you can reach us on twitter it's cause report until next. i actually don't think monopolies per se are the problem it's monopolistic access. to credit or to politicians and probably both but the crony financial isn't crony capitalism that's the big problem last couple. of this is still one business show you can't afford to miss i've been to one and i'm christiane washington coming up. there's no reason why i should the local groups here in the u.k. a lot of things she moves because this is.

alix: which is exactly what mark was also saying. jp morgan backend of the curve because of that. so how do you position? michael: we have very low levels of volatility for a while now, and the fx market and bond markets. the 10 year treasury has bounced around between 1.6%, 1.9 percent for a while now. we could easily argue that 1.6 is the bottom. the pessimism about the future isn't warranted either. it is more steady as she goes, 1.80%erefore higher than may be unwarranted, but 1.6 to percent is too low. right now, i would say it is unlikely to be a persistent like previous we have had. alix: equity volatility is still really elevated. how does that translate into your world? what do you do with the dollar near a seven-week high? michael: i think the key here is this is the backdrop that is pretty useful for the dollar. one, this is a washout. you look at broad u.s. dollar positioning. markets have run too far ahead in the reflation trade. is essentiallyar a symptom of it. there's a lot of uncertainty of how much economic impact the coronav

to do it for this edition of the kaiser report with me max kaiser stacy ever like i asked mark used to go of morgan creek capital if you want to read just on twitter it's kaiser important. is you'll be d. a reflection of reality. in a world transformed. what will make you feel safe. isolation the focus need to change. are you going the right way or are you being led so. direct. what is truth what's his fate. in a world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. and . my uncle with a kid same compensate oh boy tonight nobody. can see them no prove nothing and they can. go into. the county. illinois move on which i didn't get showed up to move this because of a mess and in from the local going to be as you can show. them we must. stay still not so much because i consider they tons of it because you must say i'm ideas. on. trade and investment to become magic spells to come to economic development. most people think about trade they think. about goods and services being exchanged between countries and the investor a chapter of a trade agreement is about someth

morgan at? high matthew, mark. why did you request that song?s girls. you go through your hard break ups you lose yourself. well, that song is all about finding yourself and loving yourself through everything that you go through. >> kelly: i agree, i agree. i feel like sometimes you see your friends get in relationships and you're like, where did you go? that can happen. we toured together, kelsey and i, and she so fantastic. i love her. lyrics, they resonate with a lot of people. i think people do lose their identity sometimes. i love that song, thank you for picking it so i could sing it. i've got a little surprise for you because kelse

be precise, where customers have been the hospitality about the landlord has put on to mark brexit day. wayne morgan you wanted britain to leave the eu, why was that your preference? britain to leave the eu, why was that your preference ?|j britain to leave the eu, why was that your preference? i think that this country needs a change. big, big change, we need our infrastructure back. because we suffered 40 years too long in the country... surely at the westminster government at any point in those 40 yea rs could have government at any point in those 40 years could have chosen to invest in understructure, brussels was not stopping west doing that. brussels was not stopping the british government doing that.” was not stopping the british government doing that. i don't really know on that side of it, i was a young child when this came into fruition, 0k? was a young child when this came into fruition, ok? i started work at the age of 18, things were 0k, lovely. gone through word, made a family... you lost yourjob quite a few times, you regard that as a problem connected to our membership to the eu, how

distinct possibility one of those would announce a dividend in 2020. >> mark mahaney, thank you for joining us happy new year >> thanks, morgany new year >>> now unrecognizable what some google veterans call the company after a positive cal year that saw founders depart, staged walkouts by employees, reported lack of transparency. jennifer elias here to discuss, marshall lowe from stonybrook, university guys, happy new year unrecognizable i kind of recognize this google. it is looking a lot like microsoft 20 years ago when it was 25 years old, having a quarter life crisis. google is around 22 now, right on schedule. >> here we are, right? you've seen that microsoft took its reputation as the evil empire, managed to turn it around with time andthe right leadership that's the best that you can hope so it leaves the bad news and bad headlines behind. >> what do you think of the quarter life crisis theory and what you do with google under these circumstances, if it is entering a tough time where it has become dominant, had an underdog culture, needs control where it used to talk freedom. how does it get through this, should inves

with results before today's opening bell yesterday, you had yp morgan chase and citigroup topping expectations wells fargo missed the marke breaking down all of these big numbers. >> so three big take aways so fic trading was better than expected especially for jp morgan for today, that means more for goldman sach the second big take away, net interest margins that rely relates to the rates is less bad than feared. it was expected to decline loan growth as well continues to help that part of the business but only 2 or 3% now the final take a away is wells fargo. the big question is how much is that the new ceo lowering the bar for himself compared to a fresh set of eyes. most of the misses on the expense side is better than a massive revenue miss that said, there was some miss. the question is how much long term market share losses are there versus short term fixes. >> three companies you can consider bellweathers in the industry for more on the story, we are join the again by jeff mills, chief investment officer you heard the breakdown of day one of earnings season and big bank earnings. we talk about the idea that they

thank you very much, karen ward, managing director / chief market strategist emea, jp morgan asset management. markate decision as bank of england governor. the market is torn about whether they will cut or hold. which way will mark carney put his vote? , and he chance to vote will be handing over shortly. we will get to the bank of england conversation next. ♪ matt: welcome back to the intoean open, 30 minutes the trading day. we are seeing red arrows across the board, the dax down 140 andt, big drops on the cac the ftse as well. our top stories, the individual movers, let's go to dani burger. dani: there are huge moves today, earnings deep in the season, and one big moves we are m, they beat expectations on the earnings. one of the big headlines is the who will be the first woman running the company, and the chairman is stepping down. volvo, the truck maker, they are seeing a big game, nearly 4.5%. it was at a record high with better-than-expected profits even amid the weaker truck demand in europe and north america. swatch group, one of the more disappointing earnings, losing a 2016d the trading

morgan bank branch. this really marks only the escalation of fire drill friday's, but it marks the real national launch of this stop the money pipeline campaign. now, we have got to be here because chase bank is the single biggest funder of fossil fuels on planet earth. they put $196 billion into oil and gas over the last three years. they are the ones -- they are the ones who are paying for the carbon bombs, ok? they are carbon major just the way exxon or shell or bp are carbon majors. so that is why we are here today doing cicivil disobedience andnd bebeginning what is going toto a winter and spring of massive civil disobedience, of massive unrest about the financial system. if banks like chase bank stopped funding the fossil fuel industry, they could not go one building pipelines. they could not go on making new coal mines and building new terminals and doing all of the other things that are making our planet week by week less habitable. when we look at those pictures from australia, yes, we see the absolute horror of

. >> david allen, rachel jackson, joy jackson morgan, katie simons, joe steinbergger, peter dorkin. mark catch son, karen rath man, dillon meyers, mark miller, susan davenport, harold love, reverend walker, doctor dave atkin. whenever you are ready. >> thank you. hello. i am david zinoff, san francisco resident 35 years. the founding board chair of one purpose school. the man whose picture is out in the plaque out in your entrance to this room and after whom this room is named irving brier i knew. i am 81. i was friends with his son steve and used to go to the brier house on the weekends. i was from the midwest. on holidays i didn't have anyplace to go. irving brier, the man you named the room after used to espouse social justice and the importance of high-quality public education. he used to lecture his boys, who you may know are you now prominent judges in the country and me who is not that, but i was there to receive the lecture many times about those messages. high-quality public education and social justice. he said those are the keys to the health of american society and san franci

tear nova, jon fortt, steve wise, anastasia amarosa at jp morgan's private bank >>> the dow is running up to a collapse it is a question we asked mark cuban when he called in on wednesday. >> as long as rates keep going down or staying low where we are and globally there is negative or next to zero rates, where else are you going to put your money? that money is going to flow into your equities, our markets i think interest rates will tell us what is going to happen next in the market. so is it frothy? you could definitely make that argument is it like 1999? no >> that was mark cuban yesterday. anastasia, i give you first crack to react to that today what tobias left vich is saying, given global qe he says distortion in yields may be sending the wrong signal for valuing stocks there is an implication, where else will you put your money stocks are cheap yields falling today. >> there is no argument there is little places to put your money elsewhere. monetary policy around the world continues to be easy we have a trade deal with china now, with mexico and canada. that should lift consumer confidence and business confidence also, by th

morgan stanley reporting fourth-quarter results. joe: i will be watching economic data on jobless claims. mark: don't miss u.s.les for december. scarlet: that does it for"what'd you miss." joe: this is bloomberg. ♪ haidi: i'm haidi stroud-watts in sydney. sophie:-- haidi: the u.s. and china signed a trade -- a phase one trade deal in the making. that set wall street to new highs. the s&p

mark crumpton, this is bloomberg. ♪ romaine: the earnings report effectively kicks off next week with j.p. morganming out on tuesday. consensus is expecting etf's to fall 1.5% as analysts revised down those estimates. joining us with a preview, estimized founder leigh drogen. thanks for joining us. we are heading into this earnings season on the heels of a monster equity rally. valuations are evaluated -- are elevated. leigh: with pes above 18 now, we really haven't seen any for about a year. any positive year-over-year numbers. those numbers are right in line with what we are seeing on the estimize platform. the issues we are seeing, if you want to get bullish, is that as we look at this quarter, there is really not any place besides tech and health care to be bullish. energy is going to be what is going to be. joe: what do you mean by that? basicallyis already, price then on the basis of the commodity markets. but we have already seen from other industrial companies that have reported. energy would be trading differently if we were going to get passive prints that are different from what we are

marked on the map. up in the northeast area between wood berry will be john hunt morgan. at least until june 20th of 1863 and then will disobey orders and go into indiana and ohio and be captured. he's going to disappear right before the campaign starts and rosecrans has kind of been waiting for that so he can make a move. poke's corps is going to be in shelbyville. hardy's corps is going to be camped in and around beach grove and fairfield. and the area around fairfield is going to be alexander p. stewart's division of about 6,000 men holding that area right there. there are cavalry, the first confederate kentucky cavalry protecting the lines, kind of being an alarm force in case the federals decide to move out, the idea is warn them, they'll have plenty of time to move up into the gaps and stop the federals. that's the basic plan that bragg's army has come up with. let me read you what rosecrans plans to do. this comes right out of the official records. i want you to follow along on your map and i'll unpack a little bit more of what he says. this is rosecrans's plan for

this i mean that is going to be like any other morgan city well we continue continue taking stock of 2900 now as we reflect on more of the events that mark the year just god. well we did see a fair bit of political maneuvering of what might be called we live dealer ing over weaponry the iran nuclear deal on ravelled nations boosted their defense budgets to get tooled up and a new arms race or waited in the wings well the u.s. withdrew from the i.n.f. treaty limiting ballistic missiles in 2018 russia then to what it described as a symmetrical response in 2019 it goes down of takes a look at how it all developed. an arms race cold war a nuclear crisis it seemed all these things both sparked and faded out of historical relevance in the past millennium but 2019 saw all of them make a comeback the united states is officially withdrawing from the intermediate range nuclear forces treaty or i.n.f. treaty the us unilaterally demolished a pillar of international stability crushing its i.n.f. treaty with russia. fears of the past century resurrected immediately the u.s. is pulling out of a decades long nuclear treaty with russia sparking fears of

morgan? sonali: that fixed income trading revenue blew it out of the mark. everyone was talking about it. , blah. alix: blah, blah, blah. it's been 47 minutes. [laughter] alix: i know what you're saying. sonali: jp morgan x a lot of the low interest rate could be an issue come up on top of that, we have to also think about what investment banking revenue will look like across the board. they beat on advisory, although slightly lower. they beat on equity underwriting. they were a little shy on debt underwriting. the reason i want to bring that up is because on debt underwriting, a lot of the big banks tend to complain about other people rising up and taking share on what the markets look like these days. the question here for bank of america and others moving forward is how much are the shadow banks edging into their world. alix: do we know that that is the reason? if you look at capital markets, it was up 10% year on year, but you are saying it still wasn't as good as it should have been, therefore someone is eating your lunch? sonali: it could has been. it was a little shy of estimates. t

marks. phil lebeau has the defails for us. >> morgan, united now adjusting to the fact that it may not have back in service until sometime mid year. what does that mean? does that mean july, august, september? nobody is quite sure when we talked about ceo oscar munoz this morning, he made it clear united will do whatever it's done over the last six months, adjust and find a way to make capacity work. >> they have figured out how to maintain and repair and bring other aircraft, to use things that we have laying around, to borrow, beg and get other aircraft online. our team has done a great job of making sure that we have enough capacity to fit our needs. >> just a reminder, united, like american, like southwest, they all are planning on this plane flying in early june don't be surprised if they adjust the schedule at some point. and speaking of american, we'll be talking exclusively with american ceo doug parker tomorrow morning you do not want to miss this interview. 10:30 a.m. it will be right after they post their 4 q earnings and we're going to be talking a lot about the max and what the

move sent amazon's market cap above the rare $1 trillion mark for the first time since 2018 and never actually closed above that threshold jon, morganwe start with you guys jon, how big of a move for amazon and can it keep it that way? >> i don't know if it can keep it that way but it's big because of the surprise factor the earnings about two things i would argue. cloud momentum and one-day shipping they set the market up for, ah, 1 1/2 billion in costs hard going into investment mode and then not only did the move drive more revenue it didn't cost as much as everybody expected and profits tushed out to be better and then the set-up of microsoft and amazon maybe amazon's not doing well but they have decent growth in the cloud. at a good margin and so when you got that top line growth and profits from amazon expecting investment you get happy. >> a thing that stood out is how good and robust the prime membership is. for this particular company. >> more than 150 million members. >> every year they get the credit card charged to the bill and going well for them. >> the services, subscriptions are what helped propel amazon to these gro

morgan stanley. google hitting the $1 trillion mark. in other asset classes, a similar story.ar-yen is now safe haven traits came off the burner. eaker u.k. sales. a 20-your issuance coming from the treasury. earnings are rolling out. tech this weekend. revenue and earnings were also a beat after a ginourmous write down. eight months ago if you told me it was going to be about offshore drilling and they would be one of the leaders, i would've called you crazy. >> when you look at the purchase, it happened a little early. probably at a price that was a little high. if you look at how the diversification has worked at in their favor on the international front, they beat on the international side by about 7% with decent guidance going forward. the offshore is the one that really has that quality needed. i think you will see that a little bit ramp-up in the offshore market. alix: the readthrough to the onshore drillers like halliburton in the u.s. and the enp's, how bad will get for them? mark: it will keep getting worse in q1 because of the holiday slowdown. spreads are reactivat

morgan. we had a policy speech from mark carney which was less data -- dovish that markets took it.e disappointing data and markets are expecting a 73% chance of a rate cut. certainly possible the bank could move in january. we've had other crucial data and there is a potential majority to cut. it's not a unanimous decision, this is a majority-east system -- based-system. but they absolutely would not want to get behind the economy if it looks like there is a recession coming and would want to do something modest and hope with good reason that the budget would be stimulative. if the data continues to slide, they would throw the kitchen sink at the economy -- -- economy. francine: what should the focus be on? david: leveling up the economy is the narrative but it takes a long time. if the government is facing a cyclical downturn, they are going to reach for tax cuts. to get housingut transactions going. it is powerful stimulus there. and potentially national the lowercuts to income parts of the workforce. that would help them in the narrative. what does it mean for a pound trader? da