next on "gps," have we reached peak america?t is what one of the smartest economic thinkers i know believes. he will explain in a moment. -we're in a small room. what?! -welcome. -[ gasps ] a bigger room?! -how many of you use car insurance? -oh. -well, what if i showed you this? -[ laughing ] ho-ho-ho! -wow. -it's a computer. -we compare rates to help you get the price and coverage that's right for you. -that's amazing! the only thing that would make this better is if my mom were here. what?! an unexpected ending! >>> now for our what in the world segment. the american economy is doing very well, as president trump is happy to remind us all, unemployment is the lowest it's been in decades. consumer confidence is high. people from all income groups are spending, so why is the market up one minute, down the next? on wez, stocks rose as jerome powell calmed investors. there are usual explanations, the variations of investor nerves, optimism, the changing winds of tech, but the real reason for what we're seeing could be much bigger

as is pointed out, the economy is looking like peak america. u.s. stocks have outperformed the rest of the world this decade, and that sort of trend rarely lasts. the current recovery is now the second-longest in history, and it is due for a down turn. interest rates are rising. corporate profit growth is slowing. and budget deficits are surging. even president trump seems aware of the likelihood of a dip, which is why he has been preparing the ground for it by blaming the federal reserve for raising interest rates. but there are broader structural realities at work, as well. while the united states continues to outperform other advanced economies, the rise of the rest also continues, with china, the world's second-largest economy growing at three times the pace of america. a quarter century ago, china accounted for less than 2% of the global economy. today it is 15% and rising. china boasts nine of the world's 20 most valuable tech companies. this economic reality is having a geopolitical effect. china is the largest trading partner of major econom

peak. cctv is america to a strong degree. instituted in large cities such as new york, chicago, washington, and los angeles. in new york there is a cctv network hub this is called the domain awareness system the way it works is you have all cameras networked into a centralized hub that can be subject to realtime viewing analysis, and other tools facial recognition could become one of those in the future. oakland considered voting its own domain awareness hub this would link cameras all across the city used by government involving everything from port authority to police cars to cameras outside schools. smaller cities such as st. louis and new orleans have mass cctv networks and centralized hubs they used to watch. the city was largest by far with the largest is chicago. chicago is the closest to achieving big brother stats in america. right now chicago maintains a police surveillance network of cameras that is over 30,000 total cameras in the city. this in some ways surpasses the level of surveillance drag net that you'll see

america. at the peak, 5,800 troops were at the border or areas.eployment was to end on december 15th, but the pentagon extended to the january 31st. >>> now, to the growing outrage of what happened in a high school wrestling match as a wrestler had his dreadlocks were cut off told he had to do itt or for fit the match. zachary quiche has the update. >> this morning, the new jersey division of civil rights has launched an investigation into this incident. an 11th grader was give en an ultimatum before he competed. cut the locks or forfeit the match. the governor of new jersey said that no student should needlessly have to choose between his or her identity and playing sports. olympic gold medal champion weighed in to say that he had never seen anything like it. >> for he incident is striking because of how closely dreadlocks and culture are related. >> reporter: the league rules state that if a player's hair is too long they can choose to wear a cover near the ear guards, but it was not an option here. and now, many people, including the celebritie

america. at its peak, 5800 troops were at the border or in staging areas. was set to end on december 15th. but the pentagon extended it to january 21st. >>> new developments with the growing outrage over a high school wrestler in new jersey being told to cut his dreadlocks to finish a wrestling match. we're told the state launched an investigation now. >> new jersey's division of civil rights launching an investigation after growing outrage over this incident at a high school wrestling match. andrew johnson was given an ultimatum as he stood ready to compete. cut his dreadlocks or forfeit the match. >> i have not seen his problem with the referee or anything in a playated athletic regulat. hair is,y can attached to the ear guards. it's not known why a cap wasn't an option in this case. not wanting to hurt the team, andrew agreed to the cut wincing as a trainer chopped off his hair. the young man in all his humility pinned his opponent, dejected but undefeated. the governor of new jersey saying on twitter, no student should have to needlessly choose between

america. at its peak, 5800 troops were at the border or in staging areas.nd on december 15th. but the pentagon extended it to january 21st. >>> 6:33 is the time. new developments with the growing outrage over a high school wrestler in new jersey being told to cut his dreadlocks to finish a wrestling match. our reporter tells us the state has now launched an investigation. >> new jersey's division of civil rights launching an investigation after growing outrage over this incident at a high school wrestling match. andrew johnson was given an ultimatum as he stoo ready to compete. cut his dreadlocks or forfeit the match. >> from the matches i've seen, i have not seen his dress be a problem with the referee or anything like that. >> the ref said the hair violated athletic regulation. league rules state in a player's hair is too long, they can choose to wear a cap that's attached to the ear guards. it's not known why a cap wasn't an option in this case. not wanting to hurt the team, andrew agreed to the cut wincing as a trainer chopped off his hair. the young ma

america. at its peak, there were over 400,000 members. if you had an honorable discharge, you could join. so there is a department of ohio, but in the south, they were smaller, so there was the department of virginia and north carolina. this is a picture of black g.a.r. men in norfolk. now, in turn, the states, and they may have been at a state meeting, met yearly. they called their conventions encampments. they elected the leadership, set its policy. during its heyday, the g.a.r. was the nation's largest social and charitable organization, with all the political power inherent in representing such a large membership. remarkably, the largest and most powerful social organization was an interracial group that welcomed black and white veterans. when i began studying this, i did not know it was an interracial organization, because people said it wasn't. i assumed my story would be on all-black organizations. some people said it was segregated because it was an all-black post. i thought, the u.s. had segregated everything, why not a veterans group? there was not any interracial organization.

criminal activity, people such as ivan boesky were being hailed as heroes at the peak of their careers. >> many of america's boesky affair. >> i think they should put them in jail. >> since 1984, there have been more than 48 cases of insider trading brought by new york's attorney rudolph giuliani. >> rudy had the aura of being the best man in law enforcement to do it. >> we may not catch all of them but we can deliver a message that is -- if you do get caught, you are going to lose your liberty and go to prison. >> today as the prospect of a much wider scandal seems certain, the market was off more than 40 points. this after it was learned that ivan boesky was talking, and then some. >> as one form eer s.e.c. officl put it, this is like arresting the madame of a brothel and finding her private book of clients. >> this guy, boesky, takes a fall and all over wall street, they're practically jumping out windows. it comes out he's been taping his phone calls and maybe private talks for three months. and wall street big shots begin wetting their -- well, you get the idea. >> of course, boesky was guilty. there w

america. it hit a peak in january it is down about 16% since then. the key to this month's december reading is the fact that from a november to december basis it was the biggest decline in ceo confidence so far this year. yes. it does represent the lowest level of ceo confidence since 2016 to balance it out we are at relatively high levels but still, that trend has been in place downward for quite some time now >>. >> thank you >> new comments out of washington not helping this market lawmakers talking about the shut down >> there has been a lot of confusion over where exactly we are. we appear to be heading away from a government shutdown he said she sure lawmakers will meet that friday deadline to fund government. it will likely happen through a short-term spending bill nbc news reporting that that continuing resolution could take us through february and chuck schumer saying it is a bill they would seriously consider he planned to speak to the white house about the path forward later on this afternoon. he will meet with democrats and see if they ca

peaking a foreign language] thank you, mr. speaker, may god bless nevada, and may god bless the united states of america. d majority leader. mr. curbelo: thank you, mr. speaker. my colleagues, politics is the art of what is possible. what is achieveable. not the measure of our differences. we come to this chamber, we should, to seek common ground, to solve problem, to address challenges. that's what i have done over the course of the last four years. work with my colleagues from both sides of the aisle to improve quality of life in our country and our communities and to show the american public that this institution is capable of responding to its concerns and its aspirations. in congress, progress is measured in small units. the way our founding fathers intended. on climate and the environment we broke the ice, bringing republicans and democrats together in the climate solutions caucus. the first meaningful bipartisan dialogue and collaboration on this subject in a generation. we also filed land mark legislation to make massive investments in american infrastructure while reducing carbon emissions and creating clean energ

historical works including historical fiction accounted for a quarter or more of america's best sellers climbing to a peak of more than 85% in the 1820's. 1820's is when you see the real true burst of interest in american history. in addition to that, you have these new state laws. so the state laws are not only that people have to go to school, but that when they go to school, they have to study american history, right. so there is already this kind of push on the state level to study history. because of the state laws, because of the burgeoning population, you have tons more students. a handy statistic, in new york alone, the number through from 176,000 in 1816 to 508,000 to 1833, that's 17 years later, yeah, 17. that's enormous growth of just pure number of students. and not surprisingly then, the market for new american history textbooks suddenly boomed. gross sales of american produced textbooks from 1820 to 1855 increased from $750,000 to $5.5 million outperforming the nearest genre of book from nearly 5-1. that is textbooks are what is selling in early america. of course, that includes more than ju

. >>> the verdict is in on what may be the dumbest holiday turnovers in america and hopefully will mark the end of peake social media era. stick around >>> a december to forget one of the worst starts to decembers going back to the great depression. >>> crude oil falling today. wti, back below $49 a barrel right now. and some food for thought. olive garden parent darden is about to report results. we'll get a top analyst take on what to expect from the consumer as worldwide exchange rolls on right now. ♪ ♪ >>> welcome back, and good tuesday morning, and thank you for being with us here on cnbc i'm brian sullivan hope you're having a great start to your day. your executive recap, all the news you need to know in six seconds. >> here's what's leading cnbc.com right now johnson & johnson announcing a $5 billion share buyback, after it took hits that j and n knew for decades there was asbestos in its baby powder ceo denies those allegations in an interview with jim cramer on mad money. cbs announcing former ceoless moonves is not entitled to his $120 million severance package he was ousted from the media g

america's enthusiasm for buying a new car has not disappeared but it may have peaked.nvestors will look to a major monthly survey of manufacturers to check that they still think the economy is headed for more strong growth. michelle fleury, in new york, thank you. james hughes is chief market analyst at axitrader. james, look at that screen! yes, lovely booster this morning. let's talk about that us car industry, michelle fleury with saying that we have got this gloomy news following on from gm saying they were closing a factory and laying off thousands of people last week and yet donald trump today treating, china is going to drop those tariffs on us cars going into china...? yeah, and of course there is time input down to that, political timing, course there is time input down to that, politicaltiming, from donald trump. this news about the car industry is going to be particularly bad, cars used to be one of the bedrocks of the us economy. it hasn't been like that for a number of years now, hasn't been like that for a number of years now, ever hasn't been like that f

midterm election because of that huge caravan of migrants from central america that are heading towards the u.s. border. at its peak the operation included 5800 troops at the border or in staging areas. the appointment was initially set to end on december 15 but the pentagon extended it to january 31 at the request of the department of homeland security. >>> governor brown is setting a record before he leaves office, according to the chronicle during his past eight years in office governor brown has granted 1189 pardons and 152 commutations. that is far more than any other governor in california history. most of his pardons are convictions of drug crimes and nonviolent offenders. when he was first governor from 1975 through 1983, he pardoned 404 criminals. >>> helping unaccompanied minors seek asylum. at 1030, a high school in oakland that is helping young immigrants exceed after they moved here to escape to their home countries. >>> a little bit of green showing up on the radar tonight, that has a impact on tomorrow and beyond. snow in the mountains as well, i was see you back here after the break. >>> another dea

peaking a foreign language] thank you, mr. speaker, may god bless nevada, and may god bless he united states of america. the speaker pro tempore: the gentleman will provide a translation of his speech, please. pursuant to clause 12-a of rule 1, the house -- the chair declares the house in recess bills on the calendar today with votes happening after 6:30 eastern tonight. off the floor, it looks like they'll have a continuing resolution. the senate is introducing it. mitch mcconnell introducing to in the minute. likely the senate will pick up a continuing resolution, funding the federal government through february 8. one of "roll call" writing that the bill will be carried on the back of a leftover spending bill previously passed by the house during this congress. now things could move at warp speed with senators eager to get out of washington, d.c. follow the house here on c-span when they return and the senate live now over on c-span2. house speaker paul ryan delivers a farewell address today at the library of congress. our live coverage in about half an hour at 1:00 p.m. eastern and you can follow tha

peak some five years ago controlled about 40% of iraqi territory. >> when i became president, they were a very dominant group, they were very dominant. today, they're not so dominant anymore. >> reporter: america played a key role in helping the iraqi army expel isis from most of the country. >> great job. i looked at a map, and two years ago, it was a lot of red all over that map, and now you have a couple little spots, and that's happening very quickly. >> reporter: the president said he would keep u.s. troops in iraq, even as he defended his abrupt decision last week to withdraw all 2,000 american troops now deployed in neighboring syria. >> our presence in syria was not open-ended and was never intended to be permanent. >> reporter: for too long, he said, america has been bearing too much of the cost for leading the war on terror and defending our allies. >> so, we're not the suckers of the world. >> reporter: the surprise trip, which came in the middle of a government shutdown, was shrouded in secrecy. military jets escorted air force one on the 11-hour flight that left washington at midnight on christmas. >> i had concerned for the institution of the presidency -- not for myself personal

peak of the crisis that year. >> in the back? >> my name is martinez with the economic committee of the capital area. a question about private sector development in central americagetting into presidential elections. you have new thoughts on how the congress -- how to incorporate the private sector development. and things like lack of business opportunities, >> and guatemala and el salvador. the scenario is interesting. and the despair we were talking about, the erosion and lack of traditional political parties. and trying the civilization and el salvador with none of the traditional parties. and guatemala has week parties. it is very personal. and then they don't address the policy issues it becomes personal platforms, and in central america, mexico, there are opportunities for civil society, >> you raise an interesting point of the private sector and its goals. what they found, what they were looking at is remittances and high percentage of gdp, how to formalize those remittances so they don't become money that was spent but going to savings and the savings itself becomes the possibility for credit backed by international organizations to include the private i

your report talks about the costs, which it notes will peak at about 6.4% of the department's budget and states that, quote, america can surely afford to pay this price to preserve such critical element of its national defense, end quote. it goes on to argue that, we cannot hollow out nuclear capabilities to pay for conventional capabilities and vice versa. so, is it fair to say that this notion of funding one or the other is a false choice and that the risks going down that path are unacceptable? ambassador? >> senator fisher, i agree with that. one of our concerns was that in talking to, in particular, the service chiefs of the air force and the navy, which are facing major recapitalization of their respective parts of the nuclear triad are also under pressure as part of the strategy to develop lethal, agile conventional force. this is one of the reasons why we find the resource constrantsz very troubling because the danger, i fear anyway personally, is that we will do a very bad job of both if we don't adequately resource the strategy and we need to have both a strong conventional and strong nuclear deterrent. >

[laughter] obviously, america loves these movies, but are we going to hit peak superhero at some pointth something new? >> obviously, one of the founders just passed away, and everyone loves the movies. maybe because that's the only reason to go to a big theater. come on, movies from the '60s and '70s compared to now, it's like a joke. charles: i don't know. they have lost their capabilityability to tell ad good story. when i was in high school, we cut school, we went to marvel. a security guard was walking us out, stan lee saw us, he said, let 'em in. >> my grandfather worked for him beginning of his career. charles: he's always had a special place in my heart. coming up, more christmas tricks. well, certainly, up the sleeve of elon musk. the tesla ceo is revealing a brand new spacex spaceship that he says could be ready to go by march. ♪ ♪ my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it w

peak of the crisis that year. >> question in the back? >> my name is sergio martinez and i'm a cochair of the united nations commission -- development in central america and some are getting into presidential elections here and so initially you have new talks on the way the congress can revamp the plan and what kind of new directions incorporating to the private sector and especially i would say developing small too medium enterprises, the root causes of migration in terms of education and employmenten opportunities. >> do you want to take that? >> yeah, i think -- all i can say, the two countries with an election next year with guatemala and el salvador, i think in both cases the scenario is interesting. i think one of the manifestations of the governance problems and despair that we were talking about is the erosion and lack of -- you know, just the decline of that. we could end up in a situation in el salvador that none of the traditional -- certainly guatemala has very weak political parties, so what you have is candidacies that are personalistic, very pop ewe list, nationalist, but very personalistic. but i worry that then, you know, they don't a

peak of the s&p. it is one of the signals. we do not call recession for 2019, but goes -- but it goes higher 2021. you, pedronk martins, chief strategist and head of latin americargan. rishaad: if you're a bloomberg subscriber, use our interactive function, tv . chat during live shows. ♪ rishaad: the latest business flash headlines. unilever acquiring an indian consumer business. they will be paying $3.8 billion. it should help boost its presence in emerging markets. that accounts for about 2/3 of the company's overall revenue. in london andies amsterdam. almost $4oan of billion based on leverage of international cooperation, a bridge loan to buy a london-listed shire. it produce commitments in the bridging facility takeda enters into and may. stanley's $11n billion restructuring plan. ford has yet to detail the extent of job cuts. they expect much of the company's plan to focus on europe. morgan stanley values that -$7 billion. david: quite a number. speaking of negative, dollar china. here is a one-day price move look to the inception of dollar china. the move we saw yesterday was quite something. we are also seeing more downside to this. strength coming

peak some five years ago controlled about 40% of iraqi territory. >> when i became president, they were a very dominant group. they were very dominant. today they're not so dominant anymore. >> reporter: americalping the iraqi army to expel isis from most of the country. >> great job. i looked at a map and two years ago it was a lot of red all over that map, and now you have a couple little spots, and that's happening very quickly. >> reporter: the president said he would keep u.s. troops in iraq, even as he defended his bankrupt decision last week to withdraw all 2,000 american troops now deployed in neighboring syria. >> our presence in syria was not open-ended and was never intended to be permanent. >> reporter: for too long he said america has been bearing too much of the cost for leading the war on terror and defending our allies. >> so we're not the suckers of the world. >> reporter: the surprise trip, which came in the middle of a government shutdown, was shrouded in secrecy. military jets escorted air force one on the 11-hour flight that left washington at midnight on christmas. >> i had concerns for the institution of the presidency. because -- not for myself personally. i have conce

peaking a foreign language] thank you, mr. speaker, may god bless nevada, and may god bless the united states of america. d majority leader. mr. curbelo: thank you, mr. ser