we we re in the wrong circumstances. —— nda. we were told this will be imminently.ising to do things and they are not done. consultations are announced and promises are made. lo and behold another consultation is announced a year later. as i didn't mean to mention brexit. but he does come back to it. there is the logjam there. companies consumed by these processes of leaving the eu, lots of other things get left behind. even one promises are made, we will see if gagging orders are different. what has been stressed by those close to that particular issue in recent days is how it should be used cautiously. sparingly. but still clearly be there as an option. given that ndas are not going tomorrow.- somebody who is already being investigated for the extreme dubiousness of the bhs deal, let's say tactfully, i'm astonished to find out that any court thought he had a reputation to protect truthfully. but given those parameters, i do not think it is like we're sitting here trying to discuss the most blameless person in the country and how their reputation is being dragged t

so, what is an nda?ntial information, for example, not revealing details to a competitor. but it's also used if you've had an employment dispute. you may end up signing one in return for a pay—off. originally, the high court ruled the businessman‘s name and the allegations could be published — that it was in the public interest and the information was reasonably credible. he then appealed and judges decided nondisclosure agreements played an important role, and the staff who'd signed them weren't bullied or pressurised to do so. it was the harvey weinstein scandal that uncovered what was being hidden using ndas. he denies any allegations, but his former assistant was the first from his company to break her nda. zelda perkins says she felt intimidated to sign it and was told she had no choice. sometimes, they are consensual. the point is that actually, they shouldn't exist, because all they are doing is protecting somebody from improper behaviour, criminal behaviour, discriminatory behaviour. so why shoul

so what is an nda?e of confidential information, for example, not revealing details to a competitor. but it's also used if you've had an employment dispute. you may end up signing one in return for a pay—off. originally, the high court ruled the businessman's name and the allegations could be published. that it was in the public interest and the information was reasonably credible. he then appealed and judges decided nondisclosure agreements played an important role, and the staff who had signed them weren't bullied or pressurised to do so. it was the harvey weinstein scandal that uncovered what was being hidden using ndas. he denies any allegations, but his former assistant was the first from his company to break her nda. zelda perkins says she felt intimidated to sign it and was told she had no choice. sometimes, they are consensual. the point is that actually, they shouldn't exist, because all they are doing is protecting somebody from improper behaviour, criminal behaviour, discriminatory behaviour.

so what is an nda?, not revealing details to a competitor. but it's also used if you've had an employment dispute. you may end up signing one in return for a pay—off. originally, the high court ruled the businessman's name and the allegations could be published. that it was in the public interest and the information was reasonably credible. he then appealed and judges decided nondisclosure agreements played an important role, and the staff who had signed them weren't bullied or pressurised to do so. it was the harvey weinstein scandal that uncovered what was being hidden using ndas. he denies any allegations, but his former assistant was the first from his company to break her nda. zelda perkins says she felt intimidated to sign it and was told she had no choice. sometimes, they are consensual. the point is that actually, they shouldn't exist, because all they are doing is protecting somebody from improper behaviour, criminal behaviour, discriminatory behaviour. so why should they be allowed? ndas weren

theresa may said the nda system is not fit for purpose. in america and you cannot use taxpayers money, shareholders' money to buy silence and to stop proper and rigorous investigations. yet we have seen cases in the states, i think of the us gymnast team case when someone hundred and 50 women came forward to accuse larry nasser of sexual abuse are many had signed nondisclosure agreements, and the fact they did that meant he could carry on longer then he might have been able to. it i wonder if it is time to get rid of ndas. i think it is. you have highlighted one example. the other might be penn state college where the football team have problems. there are other examples. where somebody has done something that is criminally wrong, very seriously morally wrong, i think we have to have a situation where you cannot buy the silence of an individual. it may be a victim of sexual harassment, attempted rape, would wa nt to harassment, attempted rape, would want to keep quiet about that for personal reasons but they should not be able, the rich an

the cute re-examining these ndas.ncerned if mps regularly start to breach court orders and parliament, i think that would be a problem. thank you. my pleasure. and we want to know what you think about this story — you can tweet us using the hashtag bbc newsroomlive or text us at 61124. universal credit is causing "unacceptable ha rdship" for many of the claimants it was designed to help, according to a group of mps. the public accounts committee criticised the department for work and pensions for turning a "deaf ear" to the concerns raised about the benefit. the government said earlier this month that it would delay the rollout of the scheme — which merges six payments into one. let's talk to the chair of the public accounts committee, meg hillier. thank you very much taking the time to talk to us this morning. do you think an all circumstances, as criticisms have been made, that the government has displayed these deaf ears or has it introduced changes and amendments to the credit? there is no doubt it has introduced

also, we had to accept that the judges upheld the nda should remain private.rliamentary privilege and name sir philip green? we have always thinks the 16th hundreds had the power in parliament to speak fearlessly without repercussions for libel or contempt of court outside, but it is very much a reserve power. as a lawyer, you would expect me to say that the rule of law is the important thing here, thejudge has heard all the evidence. but the key thing here i think is that this was intended to be an interim injunction, it was intended to preserve his anonymity until the trial. the problem with this particular case, was sir philip green had already spent half £1 million on seven lawyers, obtaining his anonymity. but the women who we re his anonymity. but the women who were supposed to have the trial with him couldn't even enter the field of combat because they didn't have the money to retain her lawyer, and as a consequence, the trial would never ta ke consequence, the trial would never take place, and so this interim injunction would have been a permanent inju

they filed a lawsuit saying the nda signed was invalid because donald trump never signed it. >> so, forears, mr. cohen has played by a different set of rules, or should we say, no rules at all. >> suddenly the actions of candidate trump were catching up to president trump. >> do you know where he got the money? >> no, i don't know. >> just four days later, cohen would face a crisis of his own. >> we have just this new report in, the fbi has reportedly raiding the office of president trump's long time personal lawyer. >> investigators seized e-mails, tax documents, and business records. >> bombs are dropping. >> if a link to michael cohen, woke up at 7:30, a dozen fbi agents knocked on the door, did not break it down, and that's taking the cell phone from the hand and begun the raid of the hotel room. >> simultaneously, they searched his apartment and office at rockefeller center. >> the goal is to execute search warrants simultaneously for surprise and to make sure that nobody gets notified and the evidence disappears. >> there was a massive haul of information including documents, comp

she broke a non—disclosure agreement or nda to allege sexual harassment.which is perfectly fair enough. but in this use, they are being used unethically and inappropriately. and if there is a get—out by having these agreements, then it enables and encourages people who can afford top lawyers to behave like this because they know that they have some form of protection. the daily telegraph's editor chris evans says... but it's not as simple as that. you can read the high court's fulljudgment online. the judges say the five staff making the claims had been "compromised by settlement agreements" and had received "substa ntial" pay—outs. here's the bbc‘s clive coleman. what the court of appeals said is that there is no evidence that any of the settlement agreements were procured by bullying, harassment or undue pressure by the claimant. each employee — and there were five of them — received independent legal advice before entering into the settlement agreement. each settlement agreement contained provisions authorising disclosure to regular and statutory partie

i suggest you would like to get rid of this ndas. yes, of course.aph. this is where the story began, in a sense, about another example of a paper which is taking it in direction. yes. never one to miss the chance to show a picture of somebody from the bbc on the front cover. karren brady known to large numbers of readers of the telegraph and others for her role in the apprentice, she is in a difficult position because, as they describe her, she is an outspoken defender of women's rights, by which i think we can safely say, to quote rebecca west, she expresses opinions which differentiator from rebecca west, she expresses opinions which diffe re ntiator from a rebecca west, she expresses opinions which differentiator from a doormat. unfortunately from karren brady she finds herself in an unfortunate position because she is the chair of tevita, the holding company of philip green's arcadia retail empire. she was brought in after vhs, let's call it crisis, that is attacked full—term, obviously bhs we re attacked full—term, obviously bhs were sold for £

. -- cannot be revealed. .he court issued an injunction this was due to an nda signed by employees making these allegations of sexual harassment and racial abuse. everything changed yesterday when the member of the house of lords decided to use his privilege and reveal green's name. he felt it was in the public's interest. press seems pleased the gag order has been thwarted. the tabloid shows green alongside the original man of me too fame, harvey, who they say is a pal of his. >> it raises the question of whether or not members of parliament have the right to violate these gag orders. another interesting issue raises the question of nondisclosure agreements. they make the case that nondisclosure agreements should be done away with for good. they don't help any of these stories keep quiet, as we have seen. >> two brazil next, be country is gearing up for presidential elections. >> many papers are focused on the latest polls that show the race is getting closer between the two candidates. fernando had god is gaining -- fernando haddad is gaining on the front runner. welcomes people to a la

emily: you went to harvard for your nda. that is where you started stitch fix.ou started it from your cambridge apartment in 2011. how did you get there? katrina: i had this these this around retail had to change, how people by clothing. when i realized i wanted to sawt my own company i business school as a risk-reduced way to do it. my jobot going to quit and work out of my garage. be paid to get funded, a salary, be paying back my student loans the day i graduate. i can find that, entrepreneurship as a tenable path. if not, i would have an mba from harvard and a lot of opportunities. emily: you had a cofounder, erin morrison flynn, you bought a lot of clothing on urine credit cards? business thatis a early on we were to have an ango believed in the company who put in money, so i did not have to expand my credit limit too much. emily: what was in early on that made you realize this could work . ? fitina: that product market that this is something that women gravitate towards. i don't want to go through hundreds of things online. i can find clothing in a way tha

the bigger case, the main case, the nda case, we've won practically everything in that case. at this point donald trump is going to end up owing my client close think $1 million in attorneys' fees and costs, far and above anything that's going to be awarded in this case. so that statement is a bunch of nonsense. >> to that point, michael, is your client prepared to pay the legal fees? "the new york times" points out your work on the case for six months won't be small potatoes. >> no, it will be small potatoes. it's de minimis amount of work. there was very little work done in connection with the defamation case. that's probably going to 30 or $50,000. that money is never going to be paid because the bottom line is donald trump and michael cohen are going to owe my client upwards of $1 million. so i don't understand how donald trump is popping champagne bottles over this. it's like donald trump talking about how many people were at his inauguration. >> the judge in the defamation case, this is different from a nondisclosure case, but the judge in this case said president trump

i actually think that he believes that he won the nda case, which is laughable.his is what happens when you elect a moron to the presidency of the united states. somebody that doesn't even understand basic law. it's clear from donald trump's tweet that he believes that he actually prevailed in the nda case, which has never been stronger at this point. >> what do you say to your critics, and there are plenty out there, who say you only care about grabbing publicity now so you yourself can run for president in 2020? >> no, i don't believe in that at all. i believe they're absolutely wrong, wolf. you know what i believe in? i believe in the rule of law. i believe in facts and evidence. i believe in the truth. and i believe calling this president out for his bs every step of the way. that's what i believe in. >> and just finally, you are running, is that right? >> no. i have not announced whether i'm running. i haven't made a decision. what i will say is, i'm traveling around the country. i'm very encouraged by people and their reaction to me and a lot of people are

that legally you can't discuss it, which is part of silicon valley's problem, forcing people to sign nda's these stories never get told. what is your reaction to the broader stories that have been told by women? katrina: the last year has undoubtedly been a big moment of change. there's a lot that has led up to this. in many cases, there were decades of behavior that are now coming out in this last year. to me, i'm more excited about looking ahead. in particular, founders for change and moving forward are two initiatives that i think are really exciting. moving forward is one that allows people to see the sexual harassment and discrimination policies and have a point of contact. that is something that is a change from where we were in the past. emily: founders for change involves founders agreeing to consider the diversity of a firm when they are deciding whether to take that check. do they have women or people of color? katrina: and importantly says, i'm a founder for change and i'm going to build an inclusive team. the founder is taking responsibility for their team and asking that. this

that man at nda counterprotester. rondo was arrested l.a.x. after fleeing the u.s. for central america. the indictment charges he and three others, they used the internet to incite and participate in violence, even intercepting text messages incriminating them in violence after the april 15th showdown in berkeley. i was about to jump into that, but our guys were just wrecking them. apparently, he hit an antifa so hard he dislocated his shoulder. rick scott is a retired fbi agent. >> the country's founded on freedom of speech. so you're allowed to talk. you just can't do things like that, that disrupt people's lives. >> reporter: while the charges are specifically for the huntington beach incident, the indictment places all four men at rallies in berkeley in march and april, as well. scott says getting a u.s. attorney to charge in a case like this is difficult. >> it's not easy to get an indictment. it has to be something that's done, not just speech. >> rundo is in federal custody in downtown los angeles. two others are awaiting suspec run. >>> once again, president

sources say she's pushing back against an nda clause.e publication says that her contract is reportedly worth $69 million, and her lawyer is fighting to get all of it. she still has more than a year left on her contract. kelly's show was canceled last week after her blackface comment. >>> and space.com reports a nasa spacecraft just broke the record for getting the closest to the sun. nasa's parker solar probe flew closer than 26.55 million miles from the sun. that broke a record set in 1976. over the next seven years, the spacecraft will make 24 flybys. each time getting closer to the sun. the research mission was launched in august. >>> still ahead, a contest for the good of humanity. google offers up big money in a challenge to promote artificial intelligence. intelligence. or atopic dermatitis, you never know how your skin will look. and it can feel like no matter what you do, you're itching all the time. but even though you see and feel your eczema on the surface of your skin, an overly sensitive immune system deep within your skin

taking a look at philip green of course, the injunction in the daily telegraph, nda has been arrangedthey have crossed out the sir on philip green. it is ahead of the budget of course on monday. philip hammond set to announce a £1.5 billion boost the dying town centres. then there is claiming a victory of this after campaigning on this. story is very much leading in connection with the knighthood. specifically this story this morning, about whether business connections in this case, and you will see baroness rainy, who is a small business adviser and on the bbc as well, she is involved in one of the companies in which sir green is linked. there are business connections and various people asking questions about how they are involved in a business sense. there are various angles. lord high in who named sir philip green yesterday in parliament using parliamentary privilege —— sir hair. he is now attacked because it has a link to the legal law firm that oppose the initial injunction. he is a paid adviser. the sun is looking at simon cowell, his relationship saying he is trying to force hi

the point of an nda is is a i have a new film coming out, you cannot go to the press and tell the presset someone to sign one that keeps him from saying i am to to be the one i should not be. it isa to to be the one i should not be. it is a huge abuse of law and there is a use is a huge abuse of law and there is ausei is a huge abuse of law and there is a use i decide to do something about it but the question is whether the stars will align to allow them to be done about it. let's moving to the ft. done about it. let's moving to the ft, bombs, targets, cnn, 0bama clinton. not what they want in the run—up to the midterm elections. but it has opened up a number —— another angle to the home thought about clinical discourse, how divisive it is in america and of course people pointing the finger at donald trump in the sense that they are saying he has sort of allow this kind of thing to happen. this is a left-wing candidate for the president last time and the main left—wing broadcaster all being targeted by bombing attacks and you have a president who talks about locking herup, president who

in september 2018, they reported to-- they reported that as mandated by the nda a 2008. the recommendations, secretary of veterans affairs should ensure that roles and responsibilities of the intra- agency program office are clearly defined within the governance plan for acquisition of the new electronic healthcare records. to wrap this up,-- this was given by the va. you can see that there is a blend. this is facilitated by the ipo. there's no dotted line going up to the executive committee. he's operating as do you mind giving somebody a call? generally it does not appear to have you or your deputy on so this is not within the highest reaches of the va in regards to responsibility. even the language facilitated is not exactly what congress had in mind. they wanted to be the single point of authority and not a facilitator who i tend to think of except why don't we all do it together? i didn't mean to do that. i'm sorry. what is your response to the assertion for a critical need of accountability to be successful? number two, why isn't the executive committee, the highes

mister bost has the endorsement of the nea, i am a member of the nda. was a little surprised and in fact i'm going to go further than that, dismayed . mister bost is a good man but he never negotiated a collective-bargaining agreement for the nea and i have and he never went on strike or the nea and i have. i don't question his union credentials but i don't think the nea's endorsement represents the genuine interest of union members across this country. if you want somebody who's organized to strike and walk the picket lines, you don't want either one of these guys. i'm the union guy up here. that said, i still think he's right at southern illinois is great. it's a great place to live. it is my home, i love it and i very much want to serve in formal capacities that i haven't served before and i thank you very much and i also asked or your vote. help us make moves here in southern illinois, send me to washington and i will shake it up. >> mister kelly to close's i appreciate you putting this together and i think mister bost and mister auxier for being he

nda started here. and then, more jobs began to appear. these techs in a lab.this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. five-year cancer survivor. being diagnosed with cancer made me rethink everything in my life. the things that became important to me were the relationships with people. we pulled together closer as a family. i had so many people at ctca helping me find a way to go through the treatments, to prepare me for anything i would've faced. cancer showed me what true living is all about. so i started helping at a school for special needs children. i think they do more for me than i do for them. the reality of cancer is not everybody survives. surviving for five years is a big deal. at ctca, they have a huge celebrate life event. that was amazing because the whole day was about all of the survivors. i'm

a lesser known piece of that nda, right, doesn't get remarked about as much s maintaining irregular warfare as a core competency. so kinds of to point yb two. when i got in the seat here at avsoc two years ago my view was strategic conflict for airpower lies in the far low end and the far high end. joel gold fien and i have had this conversation often. we have a strategic master plan. three is we are a full spectrum force with focus on the high end. i said i think what you need is a full spectrum force with a focus on the low end and the high end. what i mean by that is while it is kind of clear the ct fight, the corporate veo fight is in the lowish end of the conflict spectrum and it's been discussed here on stage several times. even left of bang there is worthy work to be done. it happens inside our command and it happens sometimes with high technology and low technology as well. our combat aviation advisors are daply involved in partnership capacity building. you have heard that discussed already as well. there is a low end of the conflict spectrum that avsoc has been focused on like a l

it's an nda if you're part of this administration. look, that makes sense to me. i'm sort of in agreement with you, lawrence. it was two years, she wanted to go, she wanted to make some money. i never thought nikki haley was a moderate, never thought she was reasonable. i will never as a decent american who cares about human beings forgive her for what she did about the confederal flag and didn't consider moving it until nine people, nine citizens were murdered in her state by a white naggalist then she relented. i never thought she would be a viable candidate in 2020. i think this is about money. this is about getting out now. who knows what this country could look like then. we might have a woman president, might have somebody she can't beat. i don't think this is about 2020. i think it's just time to go. >> jason johnson, wendy sherman, jennifer palmieri, thank you all for joining the discussion tonight. when we come back a look inside the trump administration. michael lewis takes us inside the administration to places where no one else has bothered to even loo

the nda case being fought in court. the next court date, next hearing is december 3rd.ou can bet this fight is going to continue in the public eye. wolf. >> certainly. sara sidner reporting. thank you. >>> just ahead, more on the breaking news on an apparent connection between a saudi official with ties to the crown prince and the death of the journalist jamal khashoggi. >>> also, as president trump is defending the saudis in a new intervi interview, is he refusing to accept their denials may be a lie? introducing ore-ida potato pay. where ore-ida golden crinkles are your crispy currency to pay for bites of this... ...with this. when kids won't eat dinner, potato pay them to. ore-ida. win at mealtime. you might or joints.hing for your heart... potato pay them to. but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. woman: where are we taking him? i have no clue. we're just tv doctors. if this was a real emergency, i

i had every council member do an nda as soon as -- they were like, you're interested? okay. do a vetting and stuff, because it is cyber. we can't just have anybody and everyone at the table. they have to have the expertise and there has to be an element of trust from that perspective. is it going to be perfect? no, but i think the due diligence has to happen first. >> and then the last thing is on the clearance issue. you know, not everybody that's sitting at the table within the commission from the private sector have the same level of clearances. even the state police, you know, only has a secret level clearance, so we have top secret clearances, so to get -- to try to figure out, okay, how do we get the private sector clearances enough to be able to share information, what i have, and just to say everything has to be an unclassified or fouo level but that's another significant challenge because you really can just share, you know, basic information. you can't go into details. you can't share sources and methods and all those things, but you can, you know, share indicators

they're after you get your nda, your drug approval. that's where the benefit comes in, not getting it to the people. i thank you and i'm -- again, the script will give you a lot more information than i've just given you. >> thank you, and thank you to the entire panel, and i'd like to recognize senator casey for any questions. >> i'll be very brief. you were all so compelling and your testimony was so captivating that i stayed longer than i had planned and i'm grateful i did that, grateful that you're here. i'll submit written questions, because they are written and with the aid of capable staff they will be much more articulate than i could muster today, but we're grateful for the work, and each one of you presented, i think, a challenge to us on these issues and we're grateful you took the time to be here and to provide both your experience, your scholarship, and your passion, and we heard that throughout the testimony. thanks very much. >> and senator casey, thank you and hopefully maybe we could talk some more about any updates to

modernize and i think there is some funding and the current appropriations, and authorization in the nda a bill that would allow us to look at some other modernization capabilities. but, they were also supposed to go hand in hand with continued efforts to reduce the number of nuclear weapons. can you talk about what's been done in the last 20 months of this administration that would point to efforts to further reduce nuclear weapons? >> i can tell you senator, that we have reduced to the point where we are in compliance with all of our arms-control obligations, in particular, the new start totals which have put of course limitations on three systems, the number of deployed strategic weapons and the number of deployed strategic nuclear delivery vehicles, as well as the total number of deployed and nondeployed systems. what we have taken is those obligations seriously. >> can you talk about how much of that has been done since the current administration took office? >> i don't have the figures in front of me. i would be happy to take this for the record and get back to you. >> that would b

she now wants that nda thrown out and has filed a civil complaint seeking over $200,000 in compensationttorney that she has retained has a totally different take on the nondisclosure agreement and they claim that she has an absolute right now to speak out against the rape. >> reporter: back in 2005, in a different case, ronaldo was arrested and questioned on suspicion of rape. he denied all claims and those charges against him were dropped a month later due to insufficient evidence. >> it's my name. they want to be famous to say my name. yeah, but it's part of the job. i'm a happy man and all good. >> reporter: now overnight, ronaldo's attorney tells abc news that they are pursuing legal action against that newsmagazine for their reporting on the allegation saying, quote, the reporting is blatantly illegal. as for the alleged victim she claims she went to the vegas police shortly after the incident. this is important because if she did, there is no statute of limitation in the state of nevada. as long as you have filed within four years, there are also medical reports corroborating an a

i had every councilmember do an nda. it is cyber, we cannot have everybody and anybody at the table. there has to be an element of trust from that perspective. is it going to be perfect? know, but due diligence has to happen first. >> and the clearance issue, not everybody at the table within the commission from the profit sector have the same level of clearance, even the state police only has a secret level clearance, so we have top-secret clearance. to get an figure out how do we get the private sector clearances and that to share information, and just to say everything has to be unclassified or a foe you -- or at the level, that is another significant challenge because you can really just share basic information and not go into details, share sources, methods and all those things, but you can share indicators of compromise, things that they can look at specifically with ip addresses and tackle that problem but that will be clear, the security aspect. >> good points. meg: let's open it up to the audience, questions, pl

requirements in order to get the information because you could have, you know, depending on what kind of nda've got you could have a witness, not even somebody who experienced harassing themselves maybe i'm not allowed to talk about that. i would love to hear first of all if there are employers that we should be aware of that are leading in this area, but also how it improved workplace morale and what effects you have seen. >> i think it's really part of broader topic, the topic of transparency and the ability for people to have discussions and wrestle with the tough issues and to be able to bring issues to conclusion and when we talk about some of the changes, there's a myriad of things employers are wrestling with. one of the aspects of metoo movement is suggestion that employers are sitting quietly and are hiding and are afraid, i think the truth is there's a series of milestones since 1964 that repeatedly bring to the attention employer's need to do the right thing. in 1998 and a series that of case that is have come out, but the metoo movement told us that we have on the better not beca

pressure on what is called deposit date generally still fine i think the big hiccup in fourth quarter mand ndairst half highest since 15 years third quarter a digestion berd concentrates from mega deals being 350% global m&a banks like jpmorgan and citi will benefit the other point because citi more of a global footprint was consumer bank but generally, for jpmorgan and citi, in the case of jpmorgan 75% revenue north america and europe iment not too concerned about china asia patching a little bit for citi. >> you talked consumer banks credit cards kind how far consumers drive it i think we're going to see probably auto loans get reduced probably going to see, home own citizenship with respect to lending be reduced 5% interest rates so really you are talking about credit card debt. and my concern even though leverage is up big into credit card debt aefbt you going to be concerned on did he faulty inspect if a slowdown. >> great question the last few quarters large banks unlike nonbank credit card issuers tightening standards so for the high fica scores, the nonperforming loans credit cards cas

nda is in california. good morning. caller: has the fed never been audited. -- audited?t, why not? and is there any gold left in fort knox? guest: i personally do not have any of the gold in fort knox -- from fort knox. there is still gold in fort knox. the government, for a few decades in the mid century, everyone toallow exchange dollars for gold. the system does not exist any longer, but the government does contain some gold as part of its reserve. that is a bit of a relic, but it is still there. host: earnings season is on its way. how often is there something called earnings season? guest: four times a year. host: what are you expecting and what does it mean for the stock market? guest: we expect continued strength. corporations have been doing really well in the economy. corporate earnings have been very good. one thing we are all watching with interest is any sign that trade is beginning to weigh -- not on the economy as a whole -- but some sectors of the economy are feeling the strain of these increased tensions with china. host: when we saw the big drop last wee