in the area of our grand city of commerce and as a result of pirates neuberger and some of your yes we have to meet who can sometimes and pretend that area a 1st name can that we may have a fight is 2 variables and piano playing tennis i used to call themselves. the national group of friends and you see the person who was just recently did walk over through what i should read and find. that one is paying 10 times more towards sports as a man or a still might find itself tommy has known ties to nat has not supported things that's a plus sign be a means to life here or. there on the water this one for teens who are going to be more at ease and. or the police are soon just reality and was bigger. reason only for the 1st hole. and he hated. you for a changers horrible. most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand out on the lose business you just need to ask the right questions and demand the right answer. questions. wow. wow wow. wow wow. wow. wow i feel. like fan

in the area bar grand city of commerce and as a result of pirates neuberger and some of your yes we have to meet who can fix things and pretend that area a 1st name can that we may have a fight is 2 variables and piano playing tennis i used to call themselves. the next to one group of friends and you see the person who was just recently did walk over through why should. find. that one as being 10 times more influence in sports as a memory i'm still nice to my self tommy as my mind tends to let pass on this morning's text a pastime be the means to life here or. there on the water this one for teens who are going to be more at ease and. who are the police are soon just reality and was bigger correct. form originally when you 1st told him and he hated. you for a change your story. in the big 10 years. across america started 10 years i think it's time to shake things up maybe change the branding maybe the format here is what i've been thinking about next season related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option 25 text for.

know.tical one, i don't nejra: neuberger berman brought another perspective to wall street, like manys cc a global slowdow he discussed his outlook on "bloomberg surveillance." francine: does a recession happen even if the u.s.-china trade concern is dealt with? if we have a deal, could we still look at a possible recession? >> the industrial slowdown was taking place before the trade war really heated up. there are two major issues. one, will there be a deal between china and the u.s.? doubts, but i don't have any more insight than anybody else the more interesting thing to talk about is what the global central banks are doing, and how long that will take to work and whether it will work. the fed started lowering rates in june. any economist will tell you that the transmission mechanism takes at least a year. the earliest that the u.s. economy should start to pick up is next summer. that seems to be missing from people's analysis. they seem to think the fed lowers rate everything gets , better all of a sudden but it doesn't work that way. the more interesting thing to ask is does the

to hash it all out, dan fleck, neuberger berman senior research analyst. on apple, what is your rating on this stock? >> charles, we can't give specific ratings. what i say we like the stock. we continue this think it is attractive as an investment over the next few years. we're positive on apple shares, what the company is doing. charles: now nitpicking to a degree. but as susan was talking this news came out, we saw the stock dip a little bit, 40, 50 cents, really nuanced moves. wall street grappling how to understand this. earlier we talked about the iphone at 69. we should have talked about the pro. is this price point you're anticipating, 999, 1099 number? >> the price points on the pro are in line what we're expecting. the fact they took the base version of the 11 down will drive incremental volume over the next year. they do pen fit as we talked about from some of the components coming down in cost. they're passing that along. i think ultimately what will matter for the company and the stock price beyond today over the coming weeks is whether these

we can do this with steven eisman, steve eisman of neuberger berman.rt. private money comes in, extrapolate out value, and then not. lyft upt lyft in pink, big, then down, down we go. on the daily close. uber pretty much the same the parallelism is something as well. company an uber list bank -- lyft, or is it something more than that? steve: the savings and loan industry had a business model of borrowing short and lending long, and that worked for decades until there was inflation. and then there was bankruptcy. i did read the prospectus there there is some analogy to be drawn because what they do is, they go to landlords and a takeout very long-term leases, 10 years or so, and then they go out and they release those those -- they re--lease leases on a short-term basis. what happens if we go into recession and they call members -- their members go bankrupt? have long-term leases with no short-term clients. i did a lot of word searches. you and i read a million perspectives. we can all agree it is a different prospectus. what is the word that we use? m