s oliver moody claire i want to start off with you how has this news been received in the u.s. . hyla as you might imagine u.s. soccer fans are absolutely delighted by this news this is a sport that's really been growing in popularity over the past couple of decades especially since the u.s. hosted the world cup last time back in one thousand nine hundred four a lot of the excitement tends to come from immigrant communities here who are rooting for their home countries teams particularly among the latino population in the united states compared to the rest of the world it should be said that the u.s. is not as a soccer crazy as some other countries it's competing with other major sports here obviously like baseball in american football and basketball and of course this year the u.s. men's team didn't qualify so you're probably not seeing the same level of excitement here as you are where you are in berlin for example but overall i do think that there's hope that this winning big means that there is going to they're going to be able to see this sports to really take root something

and they do expect a downgrade from moody's and s&p. >> here's what happens. here's the timetable. talking to come casper they think disney will up its bid. they're not so sure about what type of control either has on this board. can they really get them too ante up. here's the big timetable. early next week 21st century fox has to respond to the comcast bid. the probably going to say as we reported that will look at it and do our due diligence. the can't deny it outright. they have to weigh the regulatory issues as a pointed out. we can reject this deal on the notion that we think the justice department is going to throw a line in the sand. we come out with our first thing which is that we have to look at it, then disney, later in the week, the way i've heard will come out and up there bid. neil: could there be other players? technology companies? >> there's a rumor there is a tech player looking at it. we asked about apple, i have a source inside apple, we have the indication they're not interested but we do keep hearing there's another technology company. >> by the way, all thes

moody's chief economist i kno l well. i have known him for many years. i actually used to do s ther on s other network way overnew jersey i think. anyway, he is always been positive. i mean even at times when ike they might be getting rough, larry always had a positive outlook on. but right now, i really think he is justified. i mean there is, there is a lot to be excited about. you agree with his assessment? i agree with his assessment. worries over trade are overdone. cooler heads are going to prevail. we are going to avoid a trade war that otherwise could do a great deal of damage toeconomic. i like the fact that labor market is expanding. my only worry is that interest rates might get ahead of emselves. moreover,atome businesses may overestima the pricing power trish: what do you mean by that? >> by that in businesses hear all the talk about inflation moving higher. in the past they were increasing prices 1 1/2 two, 1/2% and doing quite well, they now believe they can go ahead and hike prices by 3% or 5% but they will did discover consumer incomes are not growing rapidly en

so moody's upgraded the city to a triple a rati whis i a notch ahead of where we aare at with s and p and fitch. the city had a triple a rating in the late's, which it lost, but hopefully, we'll be able to continue . >> that's great work. congratulations. lastly, i believe i read that ben has been reappointed as the controller of the city, and i just want to say, i was here befo when ed harrington was here, and those are big shoes to fill, and ben and his staff hasone that bettern anyone i can imagine, so congratulations onhat reappointment, ben. >> let me on behalf of the whole committee offer ben coratulations because t committee really relies heavily on the sffing of his whole dent tme carry on our work, so thank you, ben, and thank you for the staff. >> one other comment. peg, at the notes of the last ing, tre was a request for an update on unspended funds -- unpended funds at the may 21st meeting. would that come from you? >> yet. we just finished the projection report to account for all of the expenses through the third quarter, and so we can -- we can sendit out right now. >> o

s&p. stocks looking to bounce back from yesterday's triple digit sell-off. joining me moody'sconomist, john lonski. good to see you. >> same here. trish: why the reversal today? i actually understand why investors are nervous about the trade war thing. i think concerns are overblown. you certainly said something similar before, but nonetheless, this is like big swings back and forth on any given day? >> don't take off your seat belts not quite yet and take into consideration the equity markets of china and germany are off by much more than the u.s. equity market. overall, down by less than 2% since this became an issue after june 14th. china and germany down by 6 1/2, 6.7%. those are the countries that stand to lose the most. nevertheless, there are plenty of parties in the united states, including consumers, most importantly, that could get hurt by a trade war, perhaps a trade war of attrition. trish: i see it right now, and you know, in economics there is something that they call the law of unintended consequences, and while the president's heart is in the right place and he

moody's chief economist john lonski and last but not least, market watcher jim s. bergman.f where you think this goes. >> these things always seem to get worse before they get any better. i think we are making a terrible, terrible mistake here. i'm almost embarrassed to be a republican because republicans believe in free trade? are we better than putting into effect tariffs and trade protection and we are going to do tremendous damage if we are not careful to american ine have sent that signals and with us in the past several days. i find this very dismaying and i'm worried about the slippery slope upon which we are treading at this point. tree into the administration's reaction to that has been using with the other guys have doing to us. but we are doing is only a fraction. if that argument winning out or what is your sense of where this is going? >> it remains to be seen, but the approach of playing hardball with china is needed because we have china has been promising to open up its economy for years. meanwhile, the trade deficit has grown from $82 billion in the year 20

i know ratings cut by s&p never looks good, but they put it in line with where moody's was.p of that, they said liquidity was not an issue but execution risk. when you're looking at deutsche is it ae question is, crisis of confidence or liquidity? the ceo has communicated with staff and is striking a tone of everything will be all right. we don't like this bad news either but we will get through it. everyone knew that the restructuring was going to be painful. shery: this could raise the cost for the bank to do business. what is not for them? >> what clients are saying, our clients walking away after what was a week of a lot of bad news? we also ran into troubles with the fdic, the fed in the u.s. the ecb, according to people familiar, said they did not have liquidity at the firm. we want to know what clients are thinking about this, what people are saying about the liquidity as well. shery: how is the turnaround plan going along? >> very, very slowly. the thing about the u.s., what is nice, there is a lot of senior management in place, somewhat stable. same for the larger b