out of certain names because they fear they can't get back in the there comes a point for that cracks nec liquidity story play out in a dramatic way. jonathan: what do you think about this bbb debate? there is a ticking time bomb about to go off. it is getting bigger. companies have loaded up on debt. it is a problem brewing and some people think it might be here. gershon: i think is an oversimplification and probably too dramatic. at the end of the credit cycle we start having situations where companies get in trouble because they put too much leverage and a top line gets impacted. is a very systemic? you shouldn't be fooled i would appears to be a rather tight spread to say that bbb's are cheap. i would like to add one thing. bonds don't have negative returns very often, but let's keep things in perspective. the s&p is still off by about 7% from its highs. 3%.ls are down 2% or investment great probably a little less. almost every time the credit sells off, equities selloff more and we expect it from things from bonds. kathleen: we can expect different things. what is interesting is the

have had people still drive do into it and meet me at the nec sink. indian land traffic anya yet and had also. had a comical if you're willing to diseases but if i just ask that you do not value. lately the your time and while i was not not [inaudible] remaining. and it makes me is way way to prepare. time time of the visit is nice necklace with kate kat. kate kate. thousands to make the points lead us around current give. people raise raise concerns and double. the different. sensitive critical and that'll work more easily see that is at issue. coming out from from the general madeline okay the changing his restaurant was a little man made my twenty thousand dollars kerr's british citizen hated. us we walk out out including looting raining raining. sister porting incidents and make. rather than a memory laurie that that door door tension also suits. protest has. even even nine nine billion dollars. judge who taught executive let's let's come. used to serve service on down ducked and that since other other i love i love living we still don't work ther

quoting tweets from other gone and glenn greenwald weekly itself r t also a crime and mouthpiece but nec and wiki leaks do you see a pattern here it's clear why there's some skepticism the story raises more questions than answers both we kill eeks and matter for strongly deny the meeting even threatening legal action ok perhaps they're both simply covering for each other you could say but assad is a man under close surveillance with police literally on his doorstep a few days pass yet no other source can confirm or show substantial evidence of manifolds alleged visit to the ecuadorian embassy or as a minister apparently the washington times says paul manifolds passports show he didn't even visit london in those years the guardian claim and r.t. are the only ones asking for evidence. who are the sources if you can say then doubt anonymous source and is dangerous at best striking catalogue of reflexive credulous acceptance of a story that looked shaky from the start and looks more so by the day maybe they've all been duped by russia but what does politico think this fake news operation by

rajini: dave, i see you have a breaing mask around your nec what are the air quality conditions like? dave: as you can probably imagine, the area is thick with smoke, and not just in paradise as well. we drove from san francisco and in the city there are schools and businesses closed. a very quietcene where the smoke has blown from the fire that started here,ight down south into the rest of california. of course, there is still the fires raging in southern california near los angeles. this is veryuch a state that is still fighting back the flames. while that happens, the recovero must continue. what many are wondering now is for those who were lucky enough to escape this incredible scene is what is going to happen nextl many are sn shelters, many are wondering what the long-term dx is going to be for them. president trump to arrive tomorrow. the question people are asking him is what is he go do about this to make sure people have somewhere to stay. rani: you mentioned those shelters that people who are displaced are going to. what more can you tell us about the conditions tre? dave:

fortunate enough to get a 2-years grant from the health trust, and we are--our goal is to open six neche food directly to the site, to the resident that live at affordable housing. so we found a lot of barriers, why client cannot be able to get food, especially transportation is the biggest issue. so if we bring the food directly to the site, that will eliminate a lot of barriers. robert: that is a big step, don't you think? i mean, that's like--there's always been outreach in terms of getting people to know about the programs and everything, but people to go to the people, that's a big step. thuy: yes, and is very brand new for us. so we're trying to test it out and so far, lot of successfulay thuy: that is correct. actually with the silicon valley boomin and put food on the table at the same time. so we're trying to run a holiday campaign just to raise enough money to feed anyone who needs. second harvest food bank is trying to raise $17.5 million to ensure that we can provide healthy meal for anyone who need it. robert: yeah, you know, at one time i remember thinking that there was

ambassador bolton is the lead on that, nec, treasury, we are all working very hard, of course, ambassador lighthizer who has done a great job as our trade rep. i don't know. i don't know. the president says i don't know xi. when he came here i wasn't in the government so i've never met him. the president says they have good relations, okay. i hope so. i think, frankly, we've been to beijing, they've been to washingt washington. i think only they can break the log jam. >> what does it mean for a u.s. small business if the chinese economy continues to have a struggle and it's having its own is slide over there? >> you know, i'm not going to deny that there could be some very modest affect and i underscore very modest. >> on the u.s. economy? >> that's correct. i know small businesses, import, export, i love that, international trade, supply chains, but we can do it, we are doing it right now without china. right now we are doing it without china because we put up a lot of tariffs, i don't know, 250 billion. the 200 is 10%, the other 50 billion i think is 25%. i call it the technology tariff

we are struggling at six, seven, eight degrees for the start of the week and this nec said the wind droppingre is getting pushed away. for many eastern parts of the uk, we are in that cold air, a fair bit of cloud around. we start to see some weather fronts coming into cloud around. we start to see some weatherfronts coming into northern ireland and wales and the south—west. that means outbreaks of rain. the winds should be quite light and temperatures at six and seven. as we move into wednesday, the mild south—westerly winds sweeping across the whole of the country. moving quickly across the northern half of the uk. we change the wind direction this time. temperatures will be higher, widely into double figures so as we heading towards the later part of the week, we continue to see this succession of areas of low pressure coming in from the atlantic and it looks like they would fight their way to the north—west of the uk, pushing in these bands of rain followed by showers. the showers coming on this cooler air. the rain comes in on the milderair cooler air. the rain comes in on the milder ai

round the table at the nec meeting last sunday, eve ryo ne the nec meeting last sunday, everyone of theme may disagree on this issue but they know it is down to me this party has survived, not nigel farage, and they will want me to continue. thank you forjoining us on to continue. thank you forjoining us on bbc news. let's get some of the morning's other news now. two brothers wanted by police in merseyside over suspected drug trafficking offences have been arrested in thailand. joseph and gregory mulhare from wirral were detained on the 17th of november in pattaya by thai immigration police. they are suspected of trafficking cocaine, ecstasy and methamphetamine in the uk. junk food adverts are to be banned on the entire transport for london network, in a bid to reduce the childhood obesity. nearly 40% of 10 and 11—year—olds in the capital are overweight or obese. the scheme is backed by child health experts but the advertising association said it would have "little impact". if you think about the impact of this particular ban, it will have an impact on tube travellers, for example. this

that is what republicans should be talking about nec many republican leaders trying to talk about thating paul ryan. they are being drowned out by the president. this is the 97th month in a row we have seen strong numbers. that is historically very good. signs.re also warning if i'm looking at this strategically, the biggest warning is a president this volatile. he blows up a tariff war with china only to try to resolve it. he blows up these issues only to try to resolve them. e. o'brien: this brings you back to the issue of the elections. there is a message to turn people out. there is also the message locally on the economy. one of the thing tweeted out you had 9er obama million more people added to the population and only 7 million more jobs. under this president you have 4.6 million more population, 4.6 million jobs. under clinton that was about 83%. under this economy and president is gangbusters compared to previous presidents. you have to look back and give the other previous president credit. you don't need to do that at this point. and leadership will be very big on a local le

you the nec director on one side who want the president to compromise with china.on the other side you have peter from the white house trade office. not only does he not want him to compromise he wants them to go suffer on the tariffs. guess who will be sitting there? peter navaro. they won't predict what will happen because it is a president that will change his mind on a moment's notice. watch for him trying to say that he has a win here or he has secured another step in some game that he is playing with the trade war with china. >> all right. very good point. there is much more we are following as putin breaks bread with world leaders at a dinner here. one country is pointing the finger directly at him. an attempted assassination with a deadly poison. ♪ just look at those two. happy. in love. and saving so much money on their car insurance by switching to geico... well, just look at this setting. do you have the ring? oh, helzberg diamonds. another beautiful setting. i'm not crying. i've just got a bit of sand in my eyes, that's all. geico. fifteen minutes could

the nec of the party voted overwhelmingly last week not to have a ballot of members, to let the man perceptuallyjoinort of taxation with tommy robinson and discussing islam and dragging ukip into a direction of effectively being sort of street activist party, right at the moment when we have a betrayal of brexit going on by both the conservative and labour parties where ukip's potential reach out amongst the electorate is the highest it's ever been. this narrows it down, it goes against all the things i did as leader, to say we will talk about immigration, we will talk about the extreme forms of islam, we will do it as a non—racist, nonsectarian party. this blows a hole in all of that. well our political correspondent, jonathan blake, has been speaking to mr batten who's defending his decision to appoint tommy robinson. i'm surprised nigel has such an interest in ukip seeing as he walked away two years ago and hasn't showed any interest since and recently said he would give 100% of his efforts to leave means leave which means 0% to ukip. i have had thejob of saving the party from disappearing into o

now, the director sang that even though they were treating this like they would a, ey dntsi p iadel nec s ballots. she says they'llh change the m on how they do this to eure that this never happens again. reporting live in largo, back to you in the studio. >> thank you. >>> doreen? >> to the direct now, the mayor bowser hopes democrats' newon power iness leads to a sange in d.c.'s marijuana laws. this is ary that's all new at 6:00. >> reporter: recreational marijuana has been legal in the dieerict for more than thr years now.'s itnly legal to have it, smoke it, grow it, and give it away. it's illegal to sell >> we have an unattainable situation in the district that i believe makes us unsafe. >> reporter: when district voters approved initiative 71 in 2014 legalizing pot, district leaders hoped for millions in tax revenues, but congress d blocke. from regulating marijuana sales. with democrats taking back the house in the election, bowser sees that astunity to change the law. >> we will prepa a tax and regulation scheme to present to the council in the beginning of the year. >> reporter:

the two teams were neck and necs for m of the game. must have been so exciti. fourth-ranked cavaliers were hot all night and gave the terps their oirst lossthe season. maryland's next game is this saturday at home against penn state. hoo get back to the winning ways right away. >>> right now it's 6:36. molette freen is working you this morning, spreading holiday cheer with the help of a million lights. and a bike apparently. >> reporter: yeah, i'm biking for loue. can't y tell? look at this. my peddling- pedaling lights up this big, beautiful park. i'm working out, getting awa up. more coming up from the light up festival in loudoun coun. ty the holidays make me look forward to chick-fil-a honestly. every year we have an ugly sweater party. i like the manatee. that one is cute. i love this. we cater it with chick-fil-a. the crowd pleaser. scott's always so helpful. while the food's coming out as quickly as we can, since she usually has a small child with her,su we want to mak we help them to their car. it takes the stress out of the holidays.oi we're to help no

that is sort of like when i catch charles payne nec's name.s here right now. >> i do understand the chinese did give one concession. they won't give navarro a fork or knife. they hate them, right? >> are rumbling this whole thing started. the south china post, one of those newspapers called at the iron triangle appeared only three people in america were for tara spirit trump, and lighthizer and navarro. if anyone gets a chance, look at all the books peter navarro is written. he cited these issues a long time ago. neil: but if you say are, these folks are talking about the likelihood of a deal that would make it a little tougher. >> it makes it tougher. by the same token it saying i've got my team here. you know, let's try to hash this out. you have to worry about president trump walking away thinking they got one deal in finding out later and you don't. maybe peter talked him out of it. trained to do you will happen? >> i do. xi jinping just spent two days. he pushed the idea that there's a battle of the world right now. globalization of free

. >> thank you >>> when we return, nec director 've y kudlow joins us.on the street" after the break. >> chip stocks have gotten beaten up over the last few months and an analyst says a perfect storm is brewing for the group. find out why on tradingnation.com. >>> stocks are near session lows, extending that selloff from yesterday president trump yesterday, as well, blaming the sharp downturn on the, quote, prospect of presidential harassment, by the incoming democratically control ed house of representatives. joining us now, national economic council director larry kudlow larry, always good to see you. i have to admit, i miss not having you to my right here on set. >> thank you. >> i can at least try to reach out and touch you. stop you, sometimes, from talking. >> i appreciate it very much. >> larry, trade continues to be one of the big issues and certainly one we discuss with you. a strategic piece out, is the kudlow trade framework crumbling? maybe you've seen it. >> i saw that. >> give me your take. >> i saw the headline from my pal, dan clifton i d

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nec and treasury and we're all working hard on that, the ambassador. i just don't know, i don't know. the president says i don't know xi. i wasn't-- when he came here, i wasn't in the government. so i've never met him. the president says they have good relations, okay? i hope so. i think, frankly, you know, we've been to bee ji-- beijing and they've been to washington. >> what does it mean for u.s. small business if the chinese economy continues to have struggle and their own slide there? >> i'm not going to deny there could be some very modest effect, i underscore very modest. >> on the u.s. economy? >> i know a lot of small businesses, import and export, i love that, international trading and supply chains. we can do it, we are doing it right now without china, right now. we're doing it without china because we've put up a lot of tarif tariffs, 250 billion-- 210% and the other 50 billion was the 25% though i call it the technology tariffs which is very important. no, i think, you know, we're growing 3.5%, 4.2% in q2, the fourth quarter change is now

. >>> to the white house press briefing room right now, nec director larry kudlow is taking the podium >> thank you, sara thanks, everybody. let me just walk through some quick themes and then i want to mention some things the president talked to us just a little while ago as sara said, g20 -- funny, it's not actually the g20 when we count it up properly as ambassador bolton points out, it's much more than the g20. in terms of the u.s.'s positions we will use this as an opportunity to talk about our measures of tax cuts and deregulations and reskilling and job training and so forth that have generated significant economic growth and prosperity, and that includes women's economic empowerment as sara mentioned, free, fair and reciprocal trade and trade reform there will be discussions of infrastructure, finance and also the u.s. emergence as the dominant energy power in the world today, actually. in terms of the much discussed meeting that's going to be a dinner meeting between president trump and president xi and representatives from both sides, it will be bilateral, i want to just ment

. >> launch next superchargers to expand charging nec for tesla cars so this is about tesla battery operationwell that gig ga factory. >> stock there at 350 been there for styming. retailerses boy did they tick a hit yesterday their sales are increasing but they still took big hits. j.c. penney this morning is down buck 26. best buy is up a fraction -- i mean bed bath and yongd 13 cents wal-mart what five cents that's not a rebounding is there any retailer that you would buy shah gilani as we heads towards holiday retail season? >> if market hasn't trounced them yesterday and past week or two i would have been looking at both wal-mart and best buy. and possibly target too. now the way to market i think is gong to depress these stocks through first quarter and then become a buy. i think everybody understands and believes that this sales for the fourth quarter are going to be tremendous i think they have absolutely fabulous holiday season, and stocks will probably rise on those projected earnings. xepght the market may weigh them down as market brings them down those good urgings will gore for

they know it can get you hooked on nick teen and still nec teen nirk teen and the jewel e-cigs has about% of the market they look like a usb flash drive and flavors with a bunch of kids on street vaping here in new york city. they are definitely hip and cool and problem is that can lead to full-time use down the road we don't know full-time health impact. >> 10 billion dollars. >> really -- okay. president trump by the way still speaking to the press. before he heads off to france, we've got a tape of this when we get the tape, you'll see what he's being commentingen what he's been saying. we're a few minutes away from open of the market. we're going to open lower down 100 for the the dow. nearly 60 for the nasdaq. back in a moment. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. these are affordable, all-in-one plans that help pay for doctor visits, hospital stays and emergency care. but they also include prescription drug