joining us with more insight is the bloomberg markets editor, mike reagan.cared wen we want to hold dollars in things are good? market, i the stock -- things look terrible when we are in isys mode. like we saw in march, that left side of the smile. but then as we come out of it, and granted we are not out of the crisis yet, but i feel we can see the light at the end of the tunnel, people get foolish about not just the u.s., but the entire world. you hear that in the equity space where people work foolish about the world african market, x u.s., causing the lower part to selloff. i think that is the phase for it now. it doesn't make sense to look at these fundamental drivers like yield spread, they don't seem to explain it at all. even the seasonality of the dollar towards the end of the year like this, there's kind of a big demand for dollars towards i think itthe year, is very much kind of like a risk low for the moment. toequity markets all seem favor right now risk assets at the other end of that smile, whenever it occurs. do we get to a stage where we hav

as mike pompeo has done as secretary of state, very much like ronald reagan did in the cold war he called evil empire. these are very important steps. joe biden position is completely different. what you are going to get i think, from a biden administration is some tough rhetoric, that is not of interest to china. they don't care what the rhetoric is coming out of washington, they care about action and i think the bidens are feeling very sensitive to the fact that people are now aware of these commercial relationships they are going to in a sense, try to talk tough for at least a little bit but their response to everything, whatever china does is we just need more engagements. that is a ridiculous position because more engagement means we are going to keep doing more business with them and continue to transfer technology to them, we will continue to talk about things but not actually take action. we need to watch biden very closely, we need to continue to expose this relationship and its part of the reason why i think we need an independent investigation. the biden family is now economica

sea and we will challenge the legitimacy of the regime itself as mike pompeo has done a secretary of state, very much like ronald reaganar where he called the soviet union and evil empire. these are important steps. joe biden's position is completely different. what you will get, i think, from a biden administration is some tough tough rhetoric but that is not of interest to china prayed they don't care what the rhetoric is coming out of washington but care about action. i think the biden's are feeling very sensitive to the fact that people are now aware of these commercial relationships so they will, in a sense, try to talk tough or at least a little bit but the response has been whatever china does is we just need more engagements. that is a ridiculous position because what more engagements means is we will keep doing business with them and continue to trans transfer technology to them and continue to talk about things but not actually take action. so, we need to watch biden very, very closely. we need to continually expose this relationship and it's hard -- mark, i think we need to have an independent investigation.

mike pence received his first vaccine. on saturday the present and lx will reveal key members of his climate team. if confirmed, north carolina's top environmental official michael reagan will become the first black man to lead the environmental protection agency. while new mexico congresswoman deb holland could become the first native american cabinet secretary. >>> negotiations are expected to continue through the weekend with congressional leaders hinting that a possible boat on sunday or monday. >>> cyber security experts are scrambling to limit the damage in a sophisticated attack on sensitive government computer systems. the breach at the treasury department may have exposed taxpayer information. today, microsoft's president said the attack spans at least seven countries with 80% of the targets in the usa. >> this attack is still taking place. the industry is scrambling. people in government are scrambling to get it under control. it's not under control yet. >>> still ahead, a former worker at uc berkeley is sentenced to nearly 900 years in prison. for a series of attacks spanning nearly 3 decades. >> he deserves every single second that the judge gave him today.

mike: paul was handling the number stuff. "trust, but verify" is what ronald reagan said.i didn't verify, and it's pulling this damn company down. lemonis: in order to be a leader, you don't blame people. you solve problems. take some ownership of your issues. when i think about making an investment, i think about investing in hard assets. -mike: mm-hmm. -lemonis: in this case, there's no cash flow, there's no real assets, and so the only thing that's really left is, "what is the farrell's brand worth?" mike: okay. lemonis: so i have interest in investing in two things -- the trademark and the locations themselves so i can invest in the people. and if i make an investment in these locations, there is no money going sideways. they stand on their own, and they either make it, or they don't. so, my offer is $750,000. but i want 51%. if your business is in trouble and you need my help, log on to... alice loves the scent of gain so much, she wished there was a way to make it last longer. say hello to your fairy godmother alice. and long-lasting gain scent beads. part of the irr

mike on the democrat line. caller: good morning. thank you for taking my call. i have two points. obviouslyquestion is, i am a democratic caller, i do not like ronald reagan, but i must agree on his successes. but i want you to talk about the loss of marines in the ballard explosion. you brought up the success of the vaccine by the trump administration, which must be celebrated, but it is equally played out with a tremendous loss of lives that has to be laid at his feet because of the failures of his administration. guest: you are absolutely right. i will take the second point in thethat donald trump, context of history, must be judged on the success of the pandemic, but the previous questionable actions about the operation and all those other things. for a historian must take both of those considerations. you are right. as far as ronald reagan and the middle east, those policy failures -- he did it, he did not want to do it. in beirut, he knew that the middle east was a spiders nest. that these people have been fighting with each other for about 4000 years and there was no way to bring about -- in fact, peace at that time. but i will say that donald trum

mike pompeo warned local officials about chinese government influence. >> the china competition is happening. when it comes to doing business, i'm asking you to adopt a cautious mind-set. in the words of president reaganre approached for an introduction or connection to a deal, trust but verify. >> this summer, chinese closed a consulate in houston, calling it a hub of spying. shannon? >> rich edson, thank you very much. as the newly sworn in district attorney los angeles county unveiled, a full progressive priorities, many among enforcement are pushing back tonight. chief correspondent jonathan hunt has the latest from our newsroom in l.a. good evening, jonathan. >> good evening, shannon. many measures introduced were campaign promises that angelenos voted for knowing full well he wanted to overhaul the criminal prosecution system here. >> we are increasingly capable of getting to that safe neighborhood you and i imagined, but we will never get there with small, incremental changes. >> among the big changes, barring prosecutors from seeking the death penalty, barring them from eating enhanced prison sentences, carrying a gun during a crime or being a gang member, re-examining police shootings, potent