it is about the trip that mcfarlane and north had made to tehran. the whole story comes out in "al shiraa." this is incredibly ironic. i have to point out it's incredibly ironic, because not only had the congress already authorized so-called humanitarian, or nonlethal aid to the contras but shortly , before this shoot-down, only months beforehand, the congress actually had authorized, once again, military aid to the contras. so you see, it wasn't that long, the period when u.s. military aid to the contras was forbidden by the congress. between late 1984 and mid-1986. a little more than a year and a half, perhaps. and so, of course, you know, you have to wonder, if the white house and the nsc had not engaged in the illegal contra supply operation, which later came to light, might the contra war have ended up lasting longer? the people who cared the most about the contras, north, casey, and others, and reagan, feared that a cutoff from aid would cause the contras to collapse, even for a brief period of time. but they eventually get the congress to res

mcfarlane and his party. >> it involves contra support. and complaining about the fact that investors have in getting paid from the proceeds after the sale. >> the problem with the revelation is he told him, as i remember it, that he already congress thats of moneys from the sale of weapons had been diverted to the use of the countries. >> you gave us notebooks. do you know what the names are? lt. col. north: i will sure wouldn't want be an actor on that. >> the director was talking about divergent. lt. col. north: the concerns director addressed to me is you have to shoot down the -- airplane. other people are very aware of the fact that the arms sales to iran generated ones that have gone to support -- and did he say, this had been called to members one starting the investigation? lt. col. north: i don't recall. you therefore were told to get rid of memorandum that reflected fat? lt. col. north: i was told to clean up the finals. toto get rid of memorandum -- throughnt that you went your files to make sure that you found the memorandum t

mcfarlane, that admiral poindexter, that's jmp, isn't it? north: yes, it is. john nields jr: had asked that you prepare a paper for the president. north: that's correct. john nields jr: that's our boss, isn't it? correct. john nields jr: that's our boss, isn't it? north: he is, indeed. john nields jr: and "laying out the arrangements," and that refers, does it not, to the description of the transaction, which is in exhibit number one? north: that's correct. john nields jr: so far from telling you to stop sending memoranda up for the president's approval, admiral poindexter was specifically asking you to send memoranda up for the president's approval? north: well, again, in this particular case, that's true, mr. nields, and i don't believe that i have said that admiral poindexter told me to stop. did i? john nields jr: did -- where are these memoranda? north: which memoranda? john nields jr: the memoranda that you sent up to admiral poindexter seeking the president's approval. north: well, they're probably these books to my left that i haven't looked through ye

mcfarlane that admiral poindexter, that is jmp, isn't it? lt. col. north: yes it is. mr. nields: he asked that you prepare a paper for the president. that is "our boss," isn't it? lt. col. north: he is indeed. -- nields: and letting out and laying out the arrangements. that refers to the arrangement in exhibit one. lt. col. north: that is correct. mr. nields: far from telling you to stop sending memoranda up for the president's approval, admiral poindexter was specifically asking you to send memoranda up for the president's approval. lt.

mcfarlane? lt. col. north: i don't know how i can tell that, from whati'm looking at. mr.ields: well, if you look right up above the reply denoteof 4/7/86, it says, to rcm. lt. col. north: right. mr. nields: and it's dated the 7th of april, 1986. lt. col. north: right. mr. nields: and that's three days after the date of the termsof reference on exhibit one. you can check if you wish, or you can take my word for it. it's dated april 4. lt. col. north: will you take my word? mr. sullivan: what is your question? mr. nields: i haven't asked a question yet. i'm simply, well, the question is, isn't this 3 days after the date on theterm of reference on exhibit one? lt. col. north: apparently it is. mr. nields: and this prof message makes reference to mr. ghorbanifar in the first line? lt. col. north: yes, it does. mr. nields: and it makes reference to the $15 million in line three? lt. col. north: that's correct. mr. nields: and then, in line six, it reads, per request of jmp, have prepared a paper for our boss, which lays arrangements. lt. col. north: that is what it says. mr. n

mcfarlane after your conversation with the attorney general? lt. col. north: i believe i spoke to mr. mcfarlane and admiral poindexter. this is after the attorney general. >> when you talk to mr. mcfarland after you have met with the attorney general, did he ask you what happened at that meeting? lt. col. north: i suppose he did, or i volunteered it -- one or the other. >> do you recall telling mr. mcfarland about the fact that they had found the memoranda? lt. col. north: yes, i did. >> do you remember telling him that you were asked about who knew? lt. col. north: i don't remember that part. it was a profoundly difficult time because that memorandum was not supposed to exist. >> did i understand you to say a moment ago that if admiral poindexter had not told you on friday that he had not told the president, you may well have told the attorney general that the president did know? >> that is a very confusing question, mr. chairman. could you restate it, sir? >> did you just testify a few moments ago that had admiral poindexter not told you on that frida

this mcfarlane. mcfarlane. >> thank you so much for sharing that with all of us. we were all someplace september 11. to thank you, chairman corker and ranking member cardin and numbers of the committee for the in a of addressing you nomination to be the ambassador of singapore. i would like to thank joe lieberman for the kind introduction and relationship that stands half a century. senator lieberman is a man that encourages us all be better people, and we are all the better for having him in our lives. i am deeply humbled by dr. henry kissinger's letter, which senator lieberman referred to, endorsing my nomination to be in this position. beginning with my first job as a freshman at george washington university in 1970 and continuing through my years at oxford, m.i.t., the reagan administration, and coming full circle when i joined the trump administration in the very same west wing office that i started working 45 years before. i'm also thankful for the strong endorsement of the president's current national security adviser, h.r. mcmaster, that sent a letter to a

mcfarlane there's one line in there, which is, it's political, rather than business.t is the personification of the economic risks. the: he spoke about eurozone oversight of the financial markets in london post-brexit. deutsche bank does not see things quite the same. deutsche bank is said to be preparing a retreat from london. the london would move large parts of its trading and investment banking assets to frankfurt. manus: the strategy would be implemented over the next 18 months. it would be reviewed of the brexit scenario changes, which is one of the most interesting lines in the entire story. let's get to frankfurt and our banking report of. they always have an option there on the back of the clause. deutsche bank is merely joining the fray in terms of preparedness for the worst-case scenario, or is it a branch change? >> that is a good question. changes, preparatory the decision has not been made yet. so, it is in line with the other banks preparing for the fallout of brexit. what it could mean for the business models, but it seems placeale of change taking is

we bring you our exclusive interview with john mcfarlane.his is bloomberg. ♪ francine: this is "bloomberg surveillance." let's get to first word news. nejra: military action may be necessary to deal with north korea. that is after they tested an intercontinental ballistic missile tuesday. click the united states is prepared to use the full range of our capabilities to defend ourselves and our allies. one lies with our considerable military forces. .e will use them if we must we prefer not to go in that direction. the trump administration says china and others are not theg enough to rein in north korean regime. the federal reserve consensus about when to shrink its balance -- isand how to approach starting to fragmentary policymakers continue to view gradual interest rate increases as appropriate while starting the process of unwinding their balance sheets this year. the debate highlighted divisions over the timing of the rolloff. bank is preparing to and large parts of trading banking assets from london to frankfurt. which is being finalized

robert c: mcfarlane, admiral john poindexter, and cia director, william casey. bud mcfarlane is a man who devoted nearly thirty-year of his life to public service in a number of responsible positions. at the nsc, he worked long hours, made great contributions, and i admire him for those efforts. admiral poindexter is a distinguished naval officer who served in a number of important positions of responsibility. he, too, was a tireless worker with a similar record of public service, and i, too, admire him greatly. william casey was a renowned lawyer, a war veteran of heroic proportions, and a former chairman of the sec. i understood that he was also a close personal friend and adviser to president reagan. there is a nearly a century of combined public service by these three men. as a member of the nsc staff, i knew that i held a position of responsibility. but i knew full well what my position was. i did not engage in fantasy that i was the president or vice president or cabinet member, or even director of the national security council. i was simply a staff member

iran says mcfarlane came seeking help in freeing hostages led by pro-iranian groups in lebanon. >> ie the administration could be that's clumsy. it seemed so unlike all it stood for, all it claimed, all it promised. >> why not dispel the speculation by telling us exactly what happened, sir? >> in the name of god, would you please just be responsible and back off. thank you. >> how are we to know what is responsible and what is not? rice is now a safe bet. because tripadvisor searches over 200 booking sites - so you save up to 30% on the hotel you want. lock it in. tripadvisor. when did you see the sign? when i needed to jumpstart sales. build attendance for an event. help people find their way. fastsigns designed new directional signage. and got them back on track. get started at fastsigns.com. >>> in spite of the wildly speculative and false stories of our arms for hostages and alleged ransom payments, we did not, repeat, did not trade weapons or anything else for hostages. >> mr. president, the record shows that every time an american hostage was released, there had been a major sh

scar mcfarlane says it was conducted february 1st. emergency drills for training for suspicious packages and bombs. brown is charged with a felony and he'll appear in dc court next friday. request from comments from the base and brown's lawyer were not immediately returned to us. brown has pleaded not guilty and right now he's sitting in the dc jail. >> new at 4:00 disturbing find at a home in northern virginia, people heard footsteps in the attic, learned a stranger was living up there. this happened last week at a home in the 22nd street in arlington just a few blocks south of pentagon city. chris gordon is there with details on how the surprise house guest got inside, chris. >> reporter: well, he broke in through a sliding glass door that was open. just imagine how scarey this would be if it happened at your home, someone breaking camping in the attic. well, that's exactly what happened to the two women who leaves part of this house on 22nd street in arlington. -- who leased part of this house on 22nd street in arlington. i spoke t

iran says mcfarlane came seeking help in freeing hostages held by pro-iranian groups in lebanon. >> i administration could be that's clumsy. it seemed so unlike all it stood for, all it claimed, all it promised. >> why not dispel the speculation by telling us exactly what happened, sir? >> in the name of god, would you please just be responsible and back off. thank you. >> how are we to know what is responsible and what is not? speak now. (coughs) so sorry. oh no... it's just that your friend daryl here is supposed to be live streaming the wedding and he's not getting any service. i missed, like, the whole thing. what? and i just got an unlimited plan. it's the right plan, wrong network. you see, verizon has the largest, most reliable 4g lte network in america. it's built to work better in cities. tell you what, just use mine. thanks. no problem. all right, let's go live. say hi to everybody who wasn't invited! (vo) when it really, really matters, you need the best network and the best unlimited. just $45 per line for four lines. wise man, i'm nervous about affecting my good credit sc

scott mcfarlane is in our newsroom now to tell us about this guy. >> mccain was back here in washington just days after that sharing that diagnosis, of course, on that aggressive form of brain cancer. he came today, if we have that video, let's take a little bit of what he had to say today. [ applause ] a rousing welcome, the arizona republican got a huge applause and hugs from members of both sides of the aisle as he walked into the senate chamber. mccain cast a yet vote to proceed to debate on that republican health care bill. just after that motion passed. he called on the senate to work in a buy >> let's see if we can pass something that would be in perfect compromises and not very pleasing to partisans on either side. with that, might provide workable solutions and problems americans are struggling with today. what have we to lose by trying to work together to find those solutio solutions. >> so what is next, the senate starting with a complete repeal of obama care. that's expected to fail. it will likely need 60 votes since the cbo haven't done some of the amendments. all democrat

. >> here's scott mcfarlane. >> we pay a lot of money for our homes and front yards. it's got to be frustrating when people from our neighborhoods park in front of your curbs. tonight an investigation finds parking predators, people who violate the signs an the rules and park wherever they please. we find thousands of cases combined in fairfax and prince george's, montgomery counties and the district of colia increasing. despite the rules. what do you have to do to protect your front curb space. the spots in front of your home. what are police doing to stop the cheaters. go on the road with parking police tonight on news 4 at 11:00. for now, scott mcfarlane, news 4 i-team. >>> good morning. i'm landon dowdy at cnbc headquarters. dressed like a cow. get free food. it's sow appreciation day at chick-fil chick-fil-a. giving free food from opening time to 7:00 p.m. any time of cow attire, you will get a free entree. children will get a free kids meal. cnbc business report. i'm landon dowdy. >>> it is 6:56 now. here are four things to know. two people have been shot in sil

tweeted -- the political motivations >>> we continue our team coverage now with the i-team scott mcfarlane. >> he interviewed sean spicer a number of times over the past decade or so. you're saying that sean spicer, we know, memorable and it's been sure, you see he had an impact on us here, locally. >> quietly and sometimes, not so quietly at other times. first of all, there was a level of time when sean spicer took the job at white house press secretary. president trump campaigned and took office as an outside force. spicer was high profile member, the gop communications as working as congressionalee back then. he truly authored on political activities. he later worked for the u.s. trade representative and republican national committee. the epi center of establishment. he had a local impact here. you'll recall, publicly, he expressed concern about the allegations this spring of rape inside rockdale high school. he did so before national audience. he also answered questions about dc's dignity law, saying the white house will not weigh in on it formerly until congress first intervened. thes

mcfarlane, was john the chairman of the lobby group.latest is this flash headlines at this hour. talks to resolve a u.s. investigation into the sale of toxic mortgage bonds. apart and afar solution is weeks or months away. an agreement could give an indication on how the trump administration will love the penalties. yvonne: central big preparing to move its trade and banking assets in london to frankfurt ahead of brexit. the strategy is still being finalized but will be implanted over the next 18 months. subject to review as the brexit scenario changes. poised to resume test flights after the deadly breakup of its experimental rocket plane. the owner has told bloomberg he aims to make its first trip by next year. he was an early leader in the space race before the 2014 crash which killed its copilot. that is it from us here on "daybreak: asia." the eu and japan nearing the free trade agreement. you also have the trade numbers coming up. rishaad: it is all about trade. australia with a number of free trade agreements. not least of course

let's get to our guest, mark mcfarlane. he is a chief economist. i love that accent.ing, mark. let's dive into the bloomberg. no -- let's go to a function. to our bloomberg subscribers, this looks -- rishaad: we are not talking north korea? angie: we have moved on. that is probably still top of mind for a lot of people. that what is not top of mind for most markets in terms of anticipating a rate hike is that it is probably not going to happen until -- not next year, maybe even the year after that. mark: it has it happening sometime the middle of next year, probably not until 2019. our view is, if we get one more rate hike this year and the second one in the first half of next year, around march, that is it for a while. at 1.5term policy rate to 1.75. rishaad: you are saying no market is getting it right. i think the short-term money market rates are wrong. you will see it rising higher than that. what is interesting is the way the bond market is. angie: let's take a look at that. i got the wrong one. this is what we wanted to pull up. because we really saw those -- e

in the newsroom, i'm scott mcfarlane back to you. >>> this happened last may darcy spencer was in court with the reaction from families. . we're going to begin our report tonight with newly released photos from this investigation. >> evidence photos shows a gun he used to shoot and kill his victim, money, medicine, a car rental and a backpack filled with supplies, a plan to get away after the >> she wrestled with glasses off of the face. when she died. she died with her glasses in his hand. >> the photos also showed the notes left behind by kor dell, a 64-year-old former federal officer who killed his wife after she filed a restraining order. she asked his wife, how could you kwo do this to me. in another, i asked god and potential victims that i may hurt for forgiveness. >> who was the man who left behind a note that indicated that he intended. >> described as smiling as he pulled the trigger, killing wouchding two others, that includes a man who tried to stop killing a 6 # 5-year-old nursing aid -- 65-year-old nursing home. he shot her at the giant for these crimes a judge sentenced h

a a few more of the weeks interesting interviews. ,tarting with john mcfarlane chair of the city u.k. london will remain the center of euro clearing business after brexit. >> london is the eu's financial center. it has been built not over decades, but centuries. it is not easily replicated in one place or even in a number of separate places, and if it was to be replicated in any tangible way, it would take an awful long time. you need an awful lot of buildings to replicate that. for example, if force came to tose and we weren't allowed do your-related activities in london, you would have to move the bank the size of barclays out, so it is pretty material. likely, think that is and therefore the right thing for the eq and u.k. is to retain a significant portion of that in the u.k., and therefore we are looking for a free-trade agreement, mutual access each other's markets. we are also looking for corporation to ensure that, and at the same time, if things have to move, we can't move things that size in two years, therefore we would be looking at a time when we avoid a cliff edge effect

for now, scott mcfarlane. >>> there's an experiment under way in lang lay park to get people to drink more water. >> the goal is reduce obesity which could lead to diabetes and heart problems. >> they're teaming up with restaurants to offer water with meals. langley park is a large immigrant population from central and south america. studies show that obesity is on rise within this latino community. water is not always the drink of choice. >> you see juices and some people. states and america. you need to really look for the water. >> they hope to expand the program to other places in our community. >> it's hard to believe but the new school year is right around the corner. so nbc4 working for you and the community with a new way to give in our annual backpacks for kids school drive. let's head to the nbc washington app and search supporting or -- to help local teachers and students in the new school year. we're following the news. >> violence breaks out overnight in the next hour. >> the selfie murder suspect. why family members say the suspect should never have been let out of jail.

mcfarlane, do speak mandarin? >> no, my undergraduate degree was in chinese studies and i did study chinese intensively for those years. my graduate work at mit was on the soviet military balance of 1969. >> how would you also help shape nato's cyber strategy? we've seen cyber attacks in the past. many of us are concerned about cyber actions by russia and america at domestic matters. as a cyber attack on a nato ally trigger article five? if so, how should they respond. how do we strengthen cyber? . . [laughter] i do not believe that not having a language ability is disqualifying and i didn't ask my second question is you also hear testimony. unfortunately some of my colleagues whether they did not speak a language or visit the country so i'm going to create a continuing rhetoric so we hope we have equity at the end on who the nominee is pretty in that regard i want to ask. >> mr. johnson if you could's heat to the british english. >> with that working with each other on it so let me ask you all with a simple yes o

scott mcfarlane is a look at what we know. >> this new legislation will be formerly introduced at some point today or tomorrow. it comes as citations continue to increase on the metro system. this bill would make it a simple infraction, which means jail time and eliminates but also be lower from the current $300 in dc to $100. white is going to be formerly introducing the measure and current law makes the district most vulnerable. >> it's using tax dollars to subsidize a lot of money. we feel like the amount of offenses like should not be so that's what we're trying to do, i've seen the young man who was locked up with his baby a few weeks ago. it's going to take it. >> this bill comes as metro tries to crack down. recent news 4 i-team investigation shows a big spike in citation and arrest for bus fair, 2015 to 2016 and metro added new patrol to deter people from not paying. metro has not yet refused but says it has an obligation to make sure every rider pays his or her fair. back to you. >> it's a developing story here that impacts the federal government as well as dc, maryland and vi

here's cnn's correspondent christina mcfarlane. >> at 37 venus williams is back on top. saturday hoping for her sixth wimbledon singles title, she is poised to become the oldest womens grand slam champion in the open era, ready to silence the skeptics who mused she would be too old to win again. >> i feel quite capable, to be honest, and powerful. i have an opportunity to bank on experience and having dealt with those sort of pressures before. >> perhaps it's that experience that has allowed williams to stay focused on her game despite considerable emotional turmoil heading into the tournament. in june williams was involved in a tragic car accident in florida that led to the death of 78-year-old jerome barson, his family filing a wrongful death lawsuit against the tennis champion. the initial police report found williams at fault for the accident, but surveillance video calls police to revise their findings ruling instead that williams acted lawfully. williams shared her sadness about the crash on her official facebook page. i am devastated and heartbroken by this accide

john mcfarlane says he is confident the euro clearing will remain centered in london.