let me be brief, there is a mckinsey study which i found informative and the mckinsey study had three points. between 2005, and 2015, 80% of american households, 81%. mckenzie looked at this and surveyed, what do you blame for that stagnation and you could have written donald trump's campaign from the responses. it was immigration, trade and corporate elites as the three answers what people blamed for the stagnation of wages. when you look at bain consulting where i want to go, they said what is the biggest threat to america's economic growth? the answer, mitt romney's for may surprise us. the biggest threat bain argues to america's economic growth is income any quality because it is going to hurt consumer demand. and a phd economist, so that they could buy his products and have economic growth and here's what democrats should do, to the republican party. the same log script in 1980. we cut taxes, then increase defense and how will it work out, 4% economic growth. a democratic president is balancing the budget. and growing at 2.2% and donald trump says you don't leave in the greatness

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by mckinsey it's as if to say i said. former cricket star imran khan has claimed victory in pakistan's parliamentary elections he's promised to end lavish spending on politicians lifestyles con also says he wants to improve ties with china the official result is yet to be announced other parties say the vote was rigged.

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in mckinsey, we did not have gold, we just wanted to do work. julie: i like your anecdotes.f these people and went on a visit with them. what was it like? susan: i considered it a reality check. like when you go to any headquarters, there is very grand plans for what they are going to do, and how everyone is going to want a smart connected home. they will be the ones to show you how to do it. wereeople i visited retired, they lived near this big retirement community. we take that for what it is. they weren't interested in the whole customer experience. julie: they just wanted their tv to work [laughter] susan: [laughter] joe: coming up, what you need to know for tomorrow's trading day. "what'd you miss?" -- trading day. this is bloomberg. ♪ scarlet: "what'd you miss?" u.s. stocks declined and microsoft rose after he reported results. second-quarter numbers before the bell tomorrow are coming up. joe: and honeywell reporting a second current -- second quarter earnings. at 1 p.m. new york tomorrow, bloomberg real yield will be broadcasting from jpmorgan asset management. justi

amanda: mckinsey consults with businesses and governments. what should those participants do?ominic: on the part of business, what we are saying is let's have a long view and a short view. the long view is hopefully common sense prevails because trade wars do not help anyone, particularly the united states. the united states is going to get hammered. the chamber of commerce, this is yourself.fing we have got to hope that this is going to be judgment applied and do not do anything dramatic. that said, you have to have a short-term view in terms of supply chain. where are the impact of all these potential changes on your supply chain, your consumer base, and what are some of the things you can do. placee are puttingin tariff teams. as you reported earlier, some of the impact is going to affect pricing very quickly and if it escalates, it will affect prices vary significantly. you've got to be a bull to move fast. -- you have got to be able to move fast. where are the areas they are going to have to move production. you heard some manufacturing companies and united states looking

in fact a friend of mine -- i had taken a leave of absence from a very good job at mckinsey and company to work on this campaign. and the partner in charge told me he was watching the results that night and he said, your race was the first one called out of the entire country. and i'm sure much of that had to do with the help that senator coons and i provided. he is beloved in delaware. for good reason. he is brilliant. and there's no question about it. he's just -- you know when you hear it and people across the country have seen that he's incredibly real. this is a guy who, are you the only chemist in the senate? probably. chemistry degree from amherst, a law degree and a divinity degree from yale. went to south africa to work for bishop tutu. came back to work for the coalition of the homeless in new york. not in the office, but on the streets. you know, he has, he has learned not just in the classroom, but he has learned so much by doing and so much by listening to people. and by getting to know how the things that happen here in washington, affect the lives of people back home. tha