i want to bring in michael holland. we talk about the chinese equity market and how it does not matter for the u.s. economy. but whatever happens with the chinese currency -- do we get that feedback loop at some point through the confidence channel and the equity market in the u.s.? michael: sure. the u.s. stock market, the wealth effect goes in both directions. there can be a negative. at this point it is important to note that the market in china is not the economy. one of the things that happened last august when we had this terror visited upon the markets, with china really slowing down -- that is why they did this huge devaluation on the yuan. traders at that time did a scare article that there will be a 10% to 15% devaluation. the scares are much larger than reality. the economy is a little like the u.s. in that it is moving ahead less ungradually than the u.s. economy, but both are moving up begrudgingly. point to exactly the question i have. how much is real and how much is noise? how do you sort out what is rea

. >> reporter: deb roberts lost her son, michael holland. deb, do you have an opinion on where responsibility lies in this? >> i'm not a professional, i'm not an engineer. i'm a business manager. i think it was a series of unfortunate events, and without any other information, i truly blame it on hurricane joaquin. >> reporter: glenn, in your estimation, where does the >> squarely on tote maritime. you've got to understand, commercial shipping, they've got to keep that ship moving to make money. that's the whole horror of this tragedy. 33 people died so that frozen chickens could be delivered on time in puerto rico. that's it. >> reporter: the safety board told us that tote maritime, the owner, is cooperating fully. tote declined to talk to us, other than to say it created a fund for the families and that "el faro" was regularly maintained. the ship had past two inspections. a week after we left, the two bridge decks were located about a half mile from the ship. the windows were blown out. the voyage data recorder was not there. but based on

. >> reporter: deb roberts lost her son, michael holland. deb, do you have an opinion on where responsibility lies in this? >> i'm not a professional, i'm not an engineer. i'm a business manager. i think it was a series of unfortunate events, and without any other information, i truly blame it on hurricane joaquin. >> reporter: glenn, in your responsibility for this lie? >> squarely on tote maritime. you've got to understand, commercial shipping, they've got to keep that ship moving to make money. that's the whole horror of this tragedy. 33 people died so that frozen chickens could be delivered on time in puerto rico. that's it. >> reporter: the safety board told us that tote maritime, the owner, is cooperating fully. tote declined to talk to us, other than to say it created a fund for the families and that "el faro" was regularly maintained. the ship had past two inspections in the months before the accident. a week after we left, apache located those two bridge decks about half a mile from the ship. the windows were blown out. the voyage d

as we had two great, here is some perspective from michael holland. >> you buy something today, you could but the sentiment is amount we have not updated it, but the sentiment is lousy. china today, if i were starting a hedge fund, i would go directly there and find the best quality companies because they are selling at five or six times earnings. they are so depressed because of the sentiment. they may go lower. ♪ betty: welcome back to "bloomberg markets." i'm betty liu. some of the look at biggest stories in the news right now. steve: will once again be able to manage client money, but not until 2018 as part of a settlement with u.s. regulators who it accused him of failing to supervise a former trader at sac capital. his family office but also be subject to routine examinations by the sec. he neither admitted nor denied allegations he failed to supervise the traitor. the world's largest oil producer says he is considering an ipo. saudi aramco confirmed what the kingdoms took the crown prince told the economist. the company is controlled by the saudi government. it's innerworkings are

. >> pelley: deb roberts lost her son, michael holland. deb, do you have an opinion on where responsibility lies in this? >> deb roberts: i'm not a professional. i'm not an engineer, i'm a business manager. i think it was a series of unfortunate events. and without any other information, i truly blame it on hurricane joaquin. >> pelley: glen, in... in your estimation, where does the responsibility for this lie? >> jackson: squarely on tote maritime. and you got to understand, keep that ship moving to make and it... that's the whole horror of this tragedy is that 33 people died so that frozen chickens could be delivered on time in puerto rico. that's it. >> pelley: the safety board told us that tote maritime, the owner, is cooperating fully. tote declined to talk with us, other than to say it created a fund for the families and that "el faro" was regularly maintained. the ship had passed two inspections in the months before the accident. a week after we left, "apache" located those two bridge decks about half a mile from the ship. the windo

data checks throughout the day and touch upon -- it is nice to bring in a voice of saturday, michael hollandis before. the values preaching of adjusting one's portfolio. i own 30 stocks, what is my to do list when i see the carnage we have? chooseyou manipulate and and make choices as you move lower in equity prices? michael: there is an old adage, do not just do something, stand there, that is where we are, in the shipping stage of a little bit of a panic. you do not have to go back decades, go back to august, it is similar, the shanghai exchange down 17% year to date, last year was three times worse than the world index. last year was the best-performing market of -- up 9%. that will influence our markets here, the craziness over there. at the end of the day, the fact that oil is going down or china is -- there central bank is not as supportive as people want. it is all about negative can get worseit until it stops getting worse. tom: you are the only one i know who still reads printed annual reports. when i look at the work that needs to be done, do we have confidence that corporations wi

we will have michael holland of holland and company. , and david haro of oakmark.s numbers, breaking those at 8:30 eastern time. we will also be joined by alan krueger, former president of the council on economic advisers to the president. we will be delighted to join you for a simulcast of your radio show with bill gross. all of that coming up on "bloomberg ." tom: carl riccadonna has important insight today. i want to cut right to the chase. you may see a 4.9% unemployment rate. what is transient here is for the wrong reasons. are crossing below 5% sometime soon, and the risk is today. the fed expects the unemployment rate to level out around 4.7% by the end of this year and holding that level for three years. we have never seen that amount of stability on the unemployment rate. a number ofing for reasons, some good and some bad. the bad being the participation issues. we are blowing through full employment. that will increase wage inflation, and that is a game changer for 2016. everyone is looking at the past years as a tied for future growth. tom: i get mor

chef michael lee plans to open this is where it will be. 311 holland street, across the street from the durham hotel. they tell us seafood will be shipped into the 50-seat restaurant twice a week to ensure freshness at every meal. they'll be open for lunch and dinner and there is already talk of expansion. joel: it is the time of the year for surplus sales. we keep hearing about them and passing information on to you because it's a great way to anna: today we found one focused on computers, the non-profit crammedden institute in durham is selling off refurbished surplus. andrea looks at the deals and free classes. andrea: once a months, the non-profit cramden institute opens its doors for a sale of refurbished computers. the deals are big. >> we have a really nice mac $300. andrea: these are a few of the computers you'll find. >> we get a huge variety of donated computers in from some great companies. they're generally machines that don't fit well with program use so they're either high-end stuff or late-model stuff or consumer grade. andrea: the surplus items are sold based on average

holland finds matt rosenwinkle. the norse was up two.under a minute to go in regulation, and uic comes up with the steal. michael kolawale. tied at 65.and in overtime. nku was up four, when cole murray, who finished with 21, nailed this.nku wins it, 82-69. when lebron isn't happy, apparently no one in cleveland is happy.the cavaliers fired head coach david blatt today, despite leading the nba's eastern conference.the cavs' gm swears james had nothing to do with it. but lebron and blatt never got along.ty lue, a cavs assistant coach takes over. and at the pga tour stop in la quinta, california. jason duffner leads the a memorable moment for amateur jay pumphrey. this on the par three eighth. duffner at 15- under leads jamie lovemark by a strokeand on the par three sixth hole today. here's nick taylor...he's ten shots off the lead. taylor probably won't win this tournament. but he gets to keep this lovely door prize.cincinnatian jim herman at minus seven, is eight off the lead. this customer is running to get her deposit in today. too late. branch is already closed. but she could make the atm. still won't beat the

michael teague is the secretary of energy and environment, a position the governor combined in 2013, raising questions about the state's relationship with the oil and gas industry. >> everyone's waiting for austin holland to write his report. but we're not giving him the resources to do it. i mean, he literally said, he didn't have time to write a single report the entire time that he was there. >> so i would say that again, it's not targeted towards the geologic survey to pull resources. so everybody's budgets were cut last year. i mean, across the board. >> and are they all claiming the same kind of crisis level that the earthquakes seem to be producing? >> several of them. >> yeah? >> yeah. >> you compare it to 700 earthquakes a year, any of them? >> i'm not sayin' it's logical, rational, or i agree with it. but, yes, i mean, people make the claim that their agency, and their cuts, are the most important thing, and that's where the resources need to be focused. >> seismologists have warned of the growing possibility that a magnitude 6.0 or greater earthquake could hit the state. >> what if a 6.5 isn't enough? how many lives have to be lost? there's a term that many of us are starting to use. we're t

hollande and other leaders led a moment of silence. >>> we learned a man wanted in a gas station robbery in fairfax county as been arrested in his home in cape cod, massachusetts. he is michael slesinger. he has been tied to more robberies from virginia to dc. and when police arrested him, they found two guns stolen last month from a firearm shop in mclain, virginia. >>> there is a movement to curb a recent spike of violent crime. they are spearheading a yearlong stop the violence campaign. it will kick off with a march at fedex field over the martin luther king jr. holiday weekend. the goal is to raise awareness about violence. organizers hope to draw more than 10,000 people. >>> and still ahead, donald trump's campaign tried to clarify the use of a clip in morocco. >> very ever, very cold now. but warmer over the weekend. let's talk about the forecast for the big game. allyson rae mentioned it earlier this morning. it looks better. it will be rainy, chilly. northwesterly winds. temperatures in the 40s an falling so it actually could be dry the entire game or at least the second half. we will come back, talk about when the cold air leaves us alone and what day we the new ye

michael burton has the story. looking ahead to this week, the trial for a former church pastor accused of sexually assualting young girls in his expected to start tomorrow. 56- year old otis holland faces life in prison for the charges against him. there's been many delays in getting the trial started. holland was known as "reverend otis" to many at the united faith church and he was also featured on the tv show "america's most wanted" before his arrest. everything is expected to get under way tomorrow. turning to the latest developments on a deadly shooting in north las vegas the victim's brother says the murder was not an accident. he sent us this picture of the victim, who we are told is 44-year-old patrick fleming. family members say fleming and his killer had a history that came to a head yesterday around noon. the victims brother says witnesses have told officers exactly who they should be looking for an action news update this eve crash the coroner has identified one of the victims... as 22-year-old "jacob alan varner". according to friends... varner was an airman at nellis airforce base. nhp says speed did play a role in the accident...they say varner lost control of the

holland faces life in prison./// brian loftus > the future of technology has arrived. the 20-16 consumer electronics show is taking over las vegas... kirsten joyce 8 news now reporter michael stevens is live this morning from the las vegas convention center with a preview. good morning michael? ((the international consumer electronics show (international exhibiting companies, including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more; a conference program with more than 200 conference sessions and more than 150k attendees from 150 countries. and because it is owned and produced by the consumer technology association (cta), the technology trade association representing the $285 billion u.s. consumer technology industry,it attracts the world's business leaders and pioneering thinkers to a forum where the industry's ((brian loftus)) michael, how many people are expected to attend this years show? ((michael stevens)) brian, according to c-e-s they expect to showcase more than 36-hundred companies... and host 1- hundred and 50-thousand people from 1- hundred and 50 countries. are some new rules for those who

michael burton has the story. looking ahead to this week, the trial for a former church sexually assualting young girls in his las vegas-area congregation, is expected to start tomorrow. 56- year old otis holland faces life in prison for the charges there's been many delays in getting the trial started. holland was known as "reverend otis" to many at the united faith church and he was also featured on the tv show "america's most wanted" before his arrest. everything is expected to get under way tomorrow. turning to the latest developments on a deadly shooting in north las vegas the victim's brother says the murder was not an accident. he sent us this picture of the victim, who we are told is 44-year-old patrick fleming. family members say fleming and his killer had a history that came to a head yesterday around noon. according to police, the shooting happened inside an apartment after a fight broke out...but the suspect ran off and still hasn't been found. however, police say they may have a good lead in the case. the victims brother says witnesses have told officers exactly who they should be looking for an action news update this morning on a deadly new years eve crash the coroner has identi

holland at about ten minutes this morning. alternate side is suspended and continues to be that way through monday for snow removal. michael, darlene. >>> 6:47 right now. hoverboards are now banned from new york city subways and buses. the mta banned them systemwide over fears they would explode or catch fire. that ban also includes metro-north and the long island railroad. campaign against hoverboards. anyone caught with them on mta property will face a fine. meanwhile, the mta made a big promise to new yorkers. it says the second avenue subway will open on time. the first phase of the project which will run from 63rd to 96th street to be completed by september. an independent review is raising concerns that it won't be done in time. the mta will do whatever it takes to meet that deadline. >>> u.s. news and world report out with their list of america's best hotels. new york has two in the sweet 16 as you might say. the new park hyatt new york ranked number 12 because of the amenities including an n dire pool, spa and large rooms. number 16, the legendary, the st. regis. cited for its old world glamour and modern convenien