tom: i want to get to this video -- the smartest thing in your work is this mr. rayrom going from non-efficiency to efficiency. your prescription for the next president to assist the nation in productivity? we have done a study that has gone back 60 years. this a cross 20 countries. so the same things work in all countries. the economy is like a human body , it works the same in all countries. it works the same as an individual. if you ask yourself is that individual going to be productive. you'll ask, what is the education? costuestion is what is the of an educated person? if you have two adjusted by the number of hours worked and that in europe,t's say seven european countries, france, italy, spain -- after adjusting the average hours worked in a week -- it costs twice as much as america. have an education, but if you are expensive, it's not good enough. you have to look at does the income pay? if you have a situation where an educated population, the single most important factor, is what does it cost to have an educated person? next factor is indebtedness. they ha

that extends to the majority of the southern property line so that's the property line shared by mr. rayisposal it owns the cottage and mr. harrington uphill there's been on the second floor in the southeast corner the rear facade it is also facing the dr requesters there's been a notch mass reduction that was implemented to allow loyalty to combo into mr. ray disposals rear cottage and also into the backyard of mr. harrington the third change there was a stair that was outside on the southern upper part of the property leading to the rooftop that stairwell has been moved and no penthouse and a sliding door to get into the roof deck and the idea behind that to further reduce the amount of building mass that is near the southern uphill property line in terms of the front setback i've heard a few members of the public talk about the dine design on the front there is a 5 foot setback on the northwest facade story and the third floor has been setback as well by an additional 5 feet i wanted to run introduce 40 graphics that are included in the dr packet this is a view looking north as you ca

if you look at what janet yellen said yesterday, it is literally what mr. rayo framed for us a few days ago. thanks for your comments worldwide on our one hour with ray dalio. we have the morning must read right now. here is vonnie quinn. must-reade morning comes from a home, writing -- -- comes from mohamed el-erian, writing -- that is what i love about mohamed el-erian. how does a guy like that out of oxford know what a cul-de-sac is? he nails it. vonnie: essentially he is calling out the fed on his can -- on its communication strategy. hass saying that the fed been responsible for volatility suppression, and now it might be responsibility -- it might be responsible for being less honest. aims it is one of the key since the global crisis began in 2008. it's responsibility now -- isn't it the responsibility of national governments to take over, take the ball, and start to take action to help economies? this is what janet yellen wishes would happen, and mario draghi. brendan: this is exactly what he said, which is when we asked him a couple weeks ago what is th

that extends to the majority of the southern property line so that's the property line shared by mr. rayl it owns the cottage and mr. harrington uphill there's been on the second floor in the southeast corner the rear facade it is also facing the dr requesters there's been a notch mass reduction that was implemented to allow loyalty to combo into mr. ray disposals rear cottage and also into the backyard of mr. harrington the third change there was a stair that was outside on the southern upper part of the property leading to the rooftop that stairwell has been moved and no penthouse and a sliding door to get into the roof deck and the idea behind that to further reduce the amount of building mass that is near the southern uphill property line in terms of the front setback i've heard a few members of the public talk about the dine design on the front there is a 5 foot setback on the northwest facade story and the third floor has been setback as well by an additional 5 feet i wanted to run introduce 40 graphics that are included in the dr packet this is a view looking north as you can see

mr. ben ray lujan. mr. lujan: good morning, everyone. i think what we're seeing yet again as our chairman and vice chairman remind us about the responsibility of governing is how house republicans have demonstrated all year that they cannot govern responsibly on behalf of hardworking everyday americans, putting infighting over governing and reckless positions over progress. the republican party is broken and speaker boehner's resignation is the starkest and most high profile example of that dysfunction and chaos. it's disturbing that speaker boehner was somehow not conservative enough for many of our republican colleagues. but let's be clear. this is not a speaker boehner problem. it's a republican problem. this is a republican conference problem. and the next speaker will face the same stark choice as boehner. go along with the extreme base or get run over by them the right wing is emboldened right now and that will only continue to grow as we approach big, upcoming deadlines. raising the debt ceil, extenders, highway trust fund, extend

ray. >> joining me is ali reyes, mr.es when you follow developments from damascus, moscow and washington, could what's happening now bring a quicker end to the war in syria? >> first of all i want to say something about what's mentioned before the assad regime and the russian intervention. i want to bring out one thing what you guys call the assad regime is the official government of the syrian arabic arab republic. and the army is the official army and the legit army, the only legit forces on the ground right now. as far as your question, i think this what you call intervention or i call it support right now, is -- has been long-waited, because of the vacuum that our left, we as the west, as the american administration, we disregard all the calls and all the reports that are coming from syria since the beginning of the crisis. and that was some undisputed report that was delivered by the syrian envoy to the united nations through the security council of terrorist activity that is supported with events dates and times an

mixing ray and into mrs. kennedy and said this must bring back memories.aughter] she was always trying to impress the press so before you started the campaign in 1968 he was the great anchorman at the hotel room and he gave him a drink and he said i will have sherry and he thought to himself that might not be manly enough, so i will have a double cherry. [laughter] >> mixing really didn't like people said they wanted to get to the state dinners to cut them short they got a stopwatch and they got the state dinners down to 58 minutes and they did it by eliminating the soup course because nixon would still serve over his taxi taxi. the explanation was real men don't like soup. [laughter] nixon was afraid of people and yet at the same time, he liked to plunge into crowds. mixing love to taunt any war protesters by giving them the peace sign. they start throwing rocks and garbage in the united states and that night i'm going to read the chief of staff and here is the entry for that night. after the arrival in saint clement e. he went home and kept calling with

ray dalio. tom: it will be 11:00 p.m. u.k. time this evening. i spoke to mr. length and looking forward to speaking to ray on our "surveillance" primetime not only his thoughts on the greater american economy and productivity and global debt but we will speak with mr. dalio about the controversy over risk parity and before that the controversy of the fed meeting and thrilled to bring you julian emanuel from u.b.s. and talk to cathy joens as well from charles schwab. yes, we're in fed countdown. francine: we certainly are. i'm looking forward to the show, tom. this probably has been in your eyes the most important fed decision in the last 10 years? tom: i think so because of global events and certainly the chill migrates to october and december. the distance between the market and what economists think should or could happen is very wide. we'll have a lot of nuance on this, francine, beginning with "surveillance" and go to our :00 p.m. show. it will be really interesting and the way we come out of that 2:00 p.m. decision tomorrow will be very variable. there's

ray. this is robert. well, my name's sam gilula. i haven't seen mr. barone in about 25 years.great man, your father. did you say frank barone? yeah. when i was a teenager, i used to work after school at the same company as your father. was a real mentor to me. mentor? you sure you don't mean tormentor? damn it, marie. the elastic is completely shot on thehese pants. mr. barone? whwho are you? sam gilula! "sammy boy" from pelk accounting?

mr. dalio, we said we need a fed meeting with a little drama. ray: it's a very simple machine, i think. and so, there are three main factors, productivity, which produces income. you can spend at the into the day what you earn. but you earn is a function of your productivity. for a country it is the same as individuals. work hard, you are educated, you can be more productive if you work harder or more creative. over short. of time you can spend the and -- the amount of money than what you earn. [laughter] thank you. so, we have debt cycles and their two major debt cycles, there is a short-term debt cycle and a business cycle. debt eases, and what they do is they increase the spread between the short-term interest rate, essentially, and return of other assets. as a result, money goes out to the system. so, when we are bidding first asset prices then we make items that are cheaper because interest rates go down, so we have that business cycle that we are used to. the net cycle gets past a certain net point, there is a tightening of monetary policy. then you start to have inflation, it bec

mr. cameron. australia? we didn't even know this was coming. the prime minister is out. -- ray dalio for a better america?: and for a better world. .here are these various factors there is not one factor. they are clear and in the study. those factors, at the end of the day, are the same. are you going to be well educated or economically well educated? inefficient? there is a correlation between corruption and economic growth over the ten-year timeframe. as we go into that, productivity will be the single biggest factor. how do you make people productive? self-sufficiency. the single biggest factor for another -- a number of countries is do people feel the orsequences of their earning not working? in countries where there is self-sufficiency, they feel those consequences rather than a greater social net with higher levels of productivity. at the end of the day, it is when you look at your neighbors and say if they can get an income and they are not going to be penalized, they will be less motivated. direct therying to attention to is what those specific factors are so that it is like a health index. i lik

ray flynn, former mayor of boston, former u.s. ambassador to the vatican. mr.r, welcome first of all and tell us what you know about this man and what excites you about this visit. i'm sorry he won't make it north to boston. >> i tell you, i had the privilege of this is that kind of a situation for the welcoming to the pope to the united states. the first time john paul ii came to the united states it was in boston. it's an exciting moment not just for an american but also for catholics. i see the expression on young people's faces. it's an amazing thing one people face. it's one thing to hear it in school or watch it on tv but to experience it and watch it, it's a very special occasion. today, this morning, my wife and i were at st. patrick's holy cathedral, i thought i might be able to see my friend tim dolan. the place was -- there's so much excitement there, brian, people were just waiting, almost anticipated the holy father's visit the to united states. it's not about politics. i wish we wouldn't make it political. it is not. this is about a man that is go

mrs. regan. and he will try to heal some of the wounds in a church described as frack chs. >>> and happy birthday to the first soloest in the hist ray of the american ballet. and golf legend arnold palmer is 86 years young. keep it here for more, news, weather and sports. i'm >>> brecking news overnight. the rush to save people in japan. >>> plus, storm team 4 tracking rain here. it's a lot of people cleaning up from this, this morning. >>> swift action by the nypd after officers mistook a former tennis star for a suspect. "today in new york" starts now. good morning everyone. it's thursday morning, september 10th. i'm darlene rodriguez. >>> i'm michael gargiulo. chris cimino is here with the forecast. chris, as you told uggs, the rain come and in some cases a lot of it came. >> we have downpours over the city. storm tracker 4 showing heavy rain indicated by the oranges and yellows and flashes of lightning from time to time. local street and highway flooding. we have a flood advisory in effect until 6:00 a.m. this morning. heavy downpours. this is round one. there may be a lull in the action mid to late morning. hit or miss showers

mr. -- he is channeling nouriel roubini. michael: the big move would be to bring in additional qe. do you think qe works anymore? ray: it will work a lot less than it did last time. -- we will have a downturn and the downturn should be worrisome because we do not have the spreads. is the purchase of those assets to get the premiums up. and you keep pushing buy more bonds, if there is not an attractive investment relative to bonds, if there is not much spread in something else, you get less effective monetary policy. we call that pushing on a string. we are not there yet, but we are closer to being there. europe is there. michael: they are pushing on a string? ray: what are you going to buy in the way of bonds? -- -- you cannot michael: michael: you cannot buy a german two-year. ray: the effectiveness of monetary policy comes through the currency. when the person who is receiving the cash has to do something, it pressure-- there is a to move it out to the country. if you look at us, we have very high rates in the world by comparison to those in europe and japan. it comes to the currency. if you cannot have interest r

ray, i need you in this gig. would you do it now? >> i would have to think really hard about it. >> for mr. trump or anybody? >> my favorite four lines in the book, and they run in second session. come in your underwear, dead goat, $29,000, no gun. but if they want to know the story, let them read it. thank you. >> thank you, michael. >> what do you think? tweet me @smer cconish. i'll read the best and the worst at tend. >>> coming up, the firestorm on "fox&friends" elsewhere and coming up we'll tell you what is roll where the poll already aized media. ut sim so finally, i had an important conversation with my dermatologist about humira. he explained that humira works inside my body to target and help block a specific source of inflammation that contributes to my symptoms. in clinical trials, most adults saw 75% skin clearance. and the majority were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious aller

ray you ace saassat on decency. why did you say that? >> i feel that way because mr. trump is taking a stand with bigots.e reporter of the univision, there was no calling for that. the press are the people that enable the american people to know and understand our candidates. they keep us informed. so why are you going to throw a reporter out of your meeting that's supposed to be open to the public and express your views and opinions on why you you're running for office. that should be a great forum for someone who's doing that. so it bothers me that someone who has so much -- has been attracting so much attention as a presidential candidate wants to discriminate against the various members of the press. it is really disturbing. >> all right. so my thanks to kareem and you can watch an extended version of that interview on msnbc.com talking about his new fictional novel "mykrcroft hall ms" and tn the backlash against carson and trump with andre carson, the second muslim to serve in the u.s. congress. >>> in a few hours, pope francis visits one of cuba's holiest shrines. the vatican says about 150,000 peo

mr. stuck on stupid because he couldn't take and tolerate stupid questions. back in his day, lieutenant general russell oner rayt after the whole katrina fiasco, got unyielding, stupid incompetent politicians to just move aside and let him get the job done. he did. that was then. gin henri with us -- general horere. >> good to be back with you. preparedness month, week after katrina week. thank you, neil. neil: remind people you remind people, you have to be prepared. so few were. you devoted pretty much your life since to make sure we are. before we get into details of that, you inherited a mess when you were sort of pushed into this fiasco. i think what helped folks is that you took the bull by the horns, you were the commanding guy. you were the go-to guy. right now when you look at a market selloff, general, anger at china, concern about the state of the world, america dominance, there doesn't seem to be any got-guy. is that the problem? >> well, i think it is part of the problem. i think we're we're so busy trying to make sure we look good in the lot of aspects sometimes we fail to make sure that we, numbe

ray dalio. thank you for the comments. here is a bit of a conversation with mr. dalio.pman of bloomberg that i would not bring a probability dissolution, but [indiscernible] looking at rare events. with all the work you have done and the experience you have had, are these derivative strategies around bond equities able to withstand the shock of the next swan?e -- black ray: there are all sorted embedded risks in different ways. i would say that we are better able to withstand them then we have been before. less liquidity in the markets, there is a fair amount of essentially dynamic hedging, dynamic hedging is the way of insurance companies when they take the projection in terms of interest rate risk, that is an issue, but by and large, i would say we are better able to withstand them in terms of not to short-term volatility liquidity, but in terms of bigger moves. we are better able to withstand them provided that we do not have that big event i am talking about which is the tightening of the monetary policy. what scares me or worries me is what the next downturn in the

ray lahood's son. he is going to be known for a lot more than that. but what a wonderful beginning. and with that, i yield to my colleague, mr. shimkus from the state of illinois. mr. shimkus: i don't have much to add. we are glad to have darin here as a new member of the 114th congress. he is joined by his dad and we would hope he was going to be here. and we think of him as we swear in darin. darin has already hit the ground running and i can speak for all my colleagues, we'll do all we can to help you be successful and with that, i yield back. mr. gutierrez: thank you, mr. speaker. i would like to say i can't wait to work for him and i know very soon mr. lahood, former congressman, he's going to be -- you are going to be known as his father pretty soon and i can't wait to start working with him. mr. shimkus: i recognize the member from illinois, mr. ahood. mr. lahood: thank you, speaker boehner for swearing me in today and it is a true honor to be here and i'm humbled to be part of this body and thank my colleagues, congressman shimkus and the rest of the illinois delegation for being here today. i look forward to working

mr. president, what is causing it is that planet earth is heating up. the measurements are there. now, why is it heating up? it's simply this, that as the sun's rays come in and hit the earth, they reflect off of the earth, and that heat radiates back out into space. it's the same principle, for example, on the space shuttle when i participated in the space program 30 years ago, when we were on orbit in the early part of the space shuttle program on the space shuttle columbia, once we get on orbit, we open those payload bay doors, and they serve as radiators of all the heat that is generated on board the spacecraft. we radiate it back out into space so that the spacecraft does not overheat. so, too, planet earth, the natural phenomenon is that the sun's rays hit the earth, reflect back out, some of the heat is retained, but most of that heat is radiated back out into space until you start to create the effect of a ceiling high in the atmosphere of the greenhouse gases such as carbon dioxide and sulfur dioxide, and those gases start to create a ceiling effect, so as the heed heed -- heat is radiating back toward space, it is trapped, and therefore

mr. commissioner, great to talk to you. my life and protecting the empire city, it's available in book stores and on-line. congratulations, rayd cause a ripple effect across the country. we'll be right back. >> breaking news out of australia, moments ago, cheryl casone with the story. >> that's right, maria, the breaking news incredible. australia's prime minister tony abbott ousted from power a few moments ago in an internal party ballot. abbott will be replaced by former liberal party leader turnbull. the fourth prime minister in two years, they're called liberals, but more conservative party. and mark zuckerberg indicates that india prime minister will visit for a town hall q & a and it will be live streamed to the facebook website of course. the can't miss clip, took five friends months to plan the go pro video, but took two years to get the video back. the stunning never before seen aerial views from space, obviously. back to you. >> thank you so much. new york state, the first state to set the fast food worker hourly rate at $15 an hour. but a jump in minimum wage has set the alarm. >> i'm scared. i think that forcing u

ray asked could any other president have done better on foreign policy. what do you think? caller: i think mr. obama inherited a lot of dirty linen he is trying to sort through, but my, it was something a little bit different. something i have never understood is why do we go in and borrow money to fight another country's more. r? country's wa what isn't that country borrow money from china or whoever and and pay us to clean up the mess. i personally feel that we went into iraq because george bush had to save his father's face and that is the start of all of this, but that is my arsenal opinion. talking about hiring of american troops to other countries? sounds,as badly as that the theory is there but when you stop and think, why is the united states taxpayer paying for all of these wars. why doesn't that country borrow the money from china to fund those wars and we would be happy to fight those wars. as we said, we have a poll on our facebook page if you want to join in. is the united states losing global influence. 77 saying it is not. you can comment underneath that. brian writes that the