in the subsequent decades there is a pendulum swing the transpires. somewhere along the line the four freedoms was co-opted to defend a capitalistic argument with which fdr did out of had may not have had sympathy. does he understand that this moment is not just going to shape the trajectory of the war but how we view progressivism going forward? >> let me come back to the idea of generations. let me go back to the idea of generations. i don't think roosevelt believed he was going to live very much beyond the war if that far. but he thought that in that generation, i like the way you rephrase it with a pendulum. pendulums operate apart from our actions. then you said there were those who co-opted it. the four freedoms were so powerful in the minds of that generation that those who opposed it because there were many who opposed it. northern industrialists and also the southern democrats. >> what were they opposing? >> democracy was ok to them. not more democracy. the 1930's were just about, historians say roosevelt saved capitalism. he didn't save capi

we tend to replace white house parties on a pretty, pendulum swings. - pendulum swings. - and so, it not only swung after eight years but it kept going, you know, against the grain for four more, and so, the pendulum swing was against him. he had passed a budget that people misunderstood, and so, there was an issue that he could be attacked on. ross perot gets in the race. - right. - gets 19 percent of the vote, two-thirds of which really belonged to george bush, and he would have won with that. - not surprisingly, everybody fights about whether that's true or not but i know that that's the conventional read. - well, perot was running. - it's really interesting, perot was running on, "i'll take care of the budget the right way." even though he was proposing more taxes than bush had ever thought about accepting. but the third, the last reason's a very interesting one and it's the one i call, the churchill effect. if you go back to world war ii, winston churchill was the heart and soul of inspiring england to stand up and defeat the nazis in germany. and he provided both the inspiratio

i like the way you rephrase it with a pendulum. pendulums operate apart from our actions. they are an inertia-kind of thing. and then they were co-opted. freedoms were so powerful in the minds of that generation that those who opposed it, because there were many who opposed it -- whether they were northern industrialists and also the southern democrats. >> what were they opposing? the rhetoric? >> democracy was ok to them. not more democracy. the 1930's were just about, historians say roosevelt saved capitalism. roosevelt did not save capitalism. he saved democracy by making the united states more democratic. that is what roosevelt understood. that is what great leaders understand. it is not about defending that which exists, it is about enhancing that which exists. in the 1930's, the idea of democracy in the minds of capitalists in southern democrats, we don't want more of this. we don't want to enhance democracy. the roosevelt administration was about enhancing democracy. not just civil liberties. not just political democracy the , right to vote. that needed to obviously

. >> yeah, it's like the pendulum has totally swung here. i know tyler and you remember the days back in '70, '80, early '90s when sometimes you didn't know for days whether the fed has eased or tightened. now we have gone, the pendulum swung the other way and seem like you can't shut the people up. the question is how do you deal with that. we advise really just try focus on the market. that gives you a much better sense of what's going to happen down the road. for instance, if you look at the front end of the u.s. yield curve, treasury bills, they never priced in all these tig tightens that fed was talking about. they priced in one or two tightens. in you focus on the market, i think you can block out a lot of noise and you're in much better shape. >> watch what the market does, not what the fed governor say. how much transparency do you think would be ideal? obviously, these folks get invited to go do conferences and get ind to come on television and talk. sometimes a stray comment can be kept to market. how much is the right sort of gold

if we had a fifth liberal the pendulum will swing pretty quickly. with the gun-control laws in another words the constitutional rights those guarantees without any practical limit the effect on the government's infringement of the constitutional right of an individual but once this happens in that first amendment right to the american people to make their voices heard would simply be curtailed if it overturn citizens united for :end of the chicago law professor. with the citizens united is on every list of opinion. and they would not be far behind. and other the growth justice -- liberal justice to hold their deeply held religious view. to provide that his hope to recognize the right of the odors as a corporation such as obamacare contraception mandate. but that free-speech protection and on college campuses across the country because of the speaker's view point to many people today want to shut down or anybody that disagrees. it is an incredibly important precedent to be at risk. we're looking forward to the supreme court cases of town hall meeting

another said this, if we get a 5th liberal on the court the pendulum and swing pretty quickly on gun control. pikes back through would see a major shift in aa kind of gun control laws i get approved by the court. the individual constitutional rights would be turned into a relic. it would be an ornament without any practical limiting effect and the government's infringement upon the constitutional right of an individual to have gun ownership. once this happens all bets are off on the right to keep and bear arms. next,. next, the first amendment right of the american people to make voices heard would be drastically curtailed if the court overturns citizens united. in fact, as university of chicago law professor said in the new york times citizens united is on every liberals list of opinions that ought to go. other liberal justice could allow them to force americans to comply with laws that violate the deeply held religious themes. for example, a new justice could provide the 5th vote to overturn the recent hobby lobby decision which recognize the right of owners to resist laws on relig

the pendulum sits on privacy and civil liberties and is a self-inflicted wound and they have to deal with it. dagen: we will reverse it with the fight between apple and the justice department? it is on ice at the moment but everyone is running scared because of ed snowden and risking security because of it. >> typically what happens is the pendulum dead horse analogy, it is always swinging. in the us in particular it is more sensitive than it is in the e.u.. things move slowly in the e.u. because of layers of bureaucracy that exists. when there is an attack as there has been in brussels the general public focuses on security and they go wait a minute, what do you mean we can't do the following? we have to to keep ourselves safe and when there is no attack, we are like raccoons after the next shiny object, it swings to privacy and we forget. in the e.u. what will happen, the interior justice ministers are going to resign, but if there is not a pragmatic step back and say we got to change our system or knockdown these firewalls, once prosecutors take a case they can't even share inform

jeffrey: i think it is a bit more of the pendulum has swung too far. when you look at the short positioning, maybe of the spec moments within the fx markets, they try to add on -- and that started to look a little bit unsustainable. if you look at the fundamental arguments, the current account deficits, going to have problems being financed. the key is especially for those of the bcc are they going to be a will to say let's grab this opportunity, use that to kickstart competitiveness? so, this is an opportunity with brexit.- or without guy: if you were advising high net worth individuals with that risk,- that have an fx right now, with where does that sit with the pound? jeffrey: if you are dollar-based, with some degree of u.k. cash flow needs, we would advise them these are attractive levels and start averaging in -- be it just a currency or for your cash flow needs or think about buying underlying assets as well. thereabouts of options in equity markets and corporate bond markets. now, for u.k.-based, for sternly to nominated -- that is a different

so it is not a state where you need to make the pendulum come back so you win 51-49.n rubio's case the pendulum has to swing further and he will have to win a significant amount of people who cast their ballot to offset the advantage trump has banked. >> fascinating. thank you. >> my pleasure. >>> joining me now our fox news digital politicsed dore and byron york, the chief political correspondent and fox news contributor. what is happening with the cruz camp in florida? >> well, what is the purpose of ted cruz in florida? there is a rallying around. we heard marco rubio say vote for kasich in ohio. he is the only one to beat trump. you have to deny him the delegates, deny, deny, deny, like the guy said. in florida does the cruz campaign really want to knock rubio out of the race and get it to a two-man race? he is not behind the idea of strategic voting. >> there was a report of the super pack backing cruz and standing down in florida when it comes to marco rubio. >> that's interesting between campaigns and super packs. the cruz campaign is of the mind they want to k

so it is not a state where you need to make the pendulum come back so you win 51-49.n rubio's case the pendulum has to swing further and he will have to win a significant amount of people who cast their ballot to offset the advantage trump has banked. >> fascinating. thank you. >> my pleasure. >>> joining me now our fox news digital politicsed dore and byron york, the chief political correspondent and fox news contributor. what is happening with the cruz camp in florida? >> well, what is the purpose of ted cruz in florida? there is a rallying around. we heard marco rubio say vote for kasich in ohio. he is the only one to beat trump. you have to deny him the delegates, deny, deny, deny, like the guy said. in florida does the cruz campaign really want to knock rubio out of the race and get it to a two-man race? he is not behind the idea of strategic voting. >> there was a report of the super pack backing cruz and standing down in florida when it comes to marco rubio. >> that's interesting between campaigns and super packs. the cruz campaign is of the mind they want to k

. >> the pendulum just keeps swinging. but at least it will be dry for the fanfest. >> it looks that way. >> good. >> thank you. i'd also like to, >>> welcome back. we want to introduce you to our pet of the day. >> from angels pet adoption. tell us more. >> this is lucky spencer. lucky is seven months old, his brother, luke, has already been adopted. no editors turn. he's neutered and up-to-date on vaccines, microchips and ready to go. you can come visit him at the facility, in north cary, 3:00 to 6:00 thursday and friday and >> is the always this chill? >> he is, unless you have a string for in front of him. we were playing pretty heavily for a few minutes. >> is really handsome. >> i will be doing that in about an hour. >> [ laughter ] >> what a great lap kitty, though. >> he is. he is really snugly. >> visit www.catangelsnc.org. >>> that's all for wral's noon news today. >> tune in right here this afternoon for wral news at fou with at&t the choice is yours. you only pay for the services you need to make your bundle wo

we are about to flip the pendulum around in the other direction. we will talk more about that coming up. let's take another look outside, it is beautiful. when i pulled this picture up there must have been 20 people standing around the steps on the wilson county courthouse looking like they were enjoying the beautiful day. they have dispersed at the moment but i know people all across the area are trying to get outside to enjoy the pretty weather. 80 in fayetteville, 76 raleigh, 82 in wilmington. notice 68 at hatteras, i've mentioned this before but sometimes when you see warm great day to be at the beach. you have to remember ocean temperatures are at about 60 degrees right now. especially if you have a south westerly air, it's coming across that julie ocean and is much cooler along the beaches. once the water temperatures warm up you don't have that problem but for the next two months it is a little bit chilly on the beach if the wind is blowing in the wrong direction. 68, 75 asheville. it has been warm everywhere for the last couple of weeks. to

it is a pendulum that sleepings and money just pushes its way into the system was so many private influences. it keeps pushing and the reformers pushed back but it has long as much as anybody wants. kid has hit to the boiling point. >> i agree. is giving 2.1 million dollars of the of watergate scandal began and ended two years later now we have those to control and influence the current election. if you adjust for inflation it is still astonishingly higher. >> than watergate was considered a scandal. and what is going on right now is the public is disgusted and that explains the popularity of bernie sanders handed donald trump. there is a public reaction against the idea that they are bought by private interest with huge money. so both sanders a and trump have denounced corruption and of money in politics a year and it shows to the public is listening in and day care -- a day care. >> we will stop because they know people want to purchase your book. >> it is cheap compared to buying and election. [laughter] [applause] [inaudible conversations] >> host: explain how this will work. >> guest: w

that pendulum is maybe 35 to 45 for wti.a lot of problems in the next month or so with crude oil builds. we saw 9.4 million today. we'll probably get to about 550 million barrels. >> a record stockpile. >> about twice what you need. at some point that oil has to be sold, but a couple months from now we'll start to use more than we're accruing, thanks mostly to what is an incredible driving season ahead of us. >> you think that one will break record, because the price of gasoline is already on the rebound. >> it's going to be a cheap year, kelly, maybe where we average 215 or something like that, but people are driving. i dispute some of the government data on it, but no question that in 2016 we're going to break the record. back in 2007, we thought that was it, 390 million gallons a day. we're going to be probably 410, 420, something like that, more drivers, people using bigger cards, suvs not so hot, but record gasoline demand. the bottom was put in on february 11th, i mentioned earlier on the day that opec started jawbonin

flight tomorrow in search of they believe 2016 is the rise of the politician and you were right the pendulum swing back i don't know how far as it is the greatest representation but ultimately but the president of the united states isn't just the president of america but the president of the entire world that is where everyone has a stake and when i go to new hampshire and south carolina because everybody knows this bill the white house will be important people in australia are not sleeping well because president bill bomb is not keeping the world safe. with this courage of radical islam. that is an example for you. i would love to see american unity but i don't believe that is a pop -- as possible from what constitutes the new american. but post world war ii into communism era when they would have meant to be an american but as they have spent democratized all the sudden now there is a debate clearly there are a lot of americans that is acceptable form of american is some bedtick my mind it is the most profoundly american and this is what we have to get back that increasingly it is unlikely

what you start to see in this period is a reaction by the court that the pendulum has to swing back to the states. there cannot be quite this aggressive assertion of federal power. if i could just give you one statistic that really brings this home. in the entire period of our constitutional history, between the beginning of the constitution in 1789 and 1869, there were a total of four acts of congress that were struck down as unconstitutional. yet, between 1870 and 1875 there are six acts of congress that are struck down as unconstitutional. this slaughterhouse case, the cruickshank case, all of these can be understood as part of the supreme court sort of saying the pendulum really has to be swinging back. we cannot have quite this aggressive assertion of federal power. certainly critics are saying that the supreme court just lost their nerve. but i think that, you know, both sides, in a sense, can point to just the facts of what the court was confronting and how they resolve those cases and support their argument. host: to tie all of the cases together, if marbury-madison have not be

miners have been leading the story could the pendulum swung too far?ere: what we are seeing is reaction to the fact that the traditional growth driver, china, seems to be kind threatened somewhat. if you have got growth on the table, -- if markets fall nuc quality in the market and able to get it cheaper, that is when investors pile in -- and you see quality in the market. you want to be buying low and selling at the top. it makes it sound easy. when times are tough, a lot of companies have to streamline their operations. that will only be beneficial. if we look at glencore, they did within their organization and safe we cannot profit, if oil and commodity prices are falling, let's focus on the trading side. you're starting to see these restructuring, moving about being able to make the company more -- guy: should glencore be trading at a premium for the sector because of the fact it has these twin arms? in theory, the business model should be one or the other. >> there is no other business like it in the world. it is hard to know the current valuation

quickness with which the pendulum swings back and forth is astonishing.yield looks attractive to us now and high-yield had a pretty big selloff for the last 18 months. to us, from a valuation particularly against s&p 500, he looked very cheap. i am curious about the quickness. are there structural changes because either now we have funds that are in the trillions of dollars, large funds, or algorithmic training -- trading? what is called the rapid trade? classes dependent on the central bankers. the markets thought the fed would tighten. the market was scared about that. the market had essentially been shared. that created an environment of risk off particularly in high-yield. seen the fed become more dovish. the ecb increased their qe. the boj increased interest rates. there is a thrust of monetary help here the real question would be, are we going to go back to where this monetary thrust helps the real economies? so far it has not worked. >> investment in has gone down. >> that is exactly right. a lot of debt issuance. very shareholder -- increase their

so we'll swing the pendulum in the other direction for the weekend. we are ending up with a real pretty morning in some places. even over around the you're port, skies are beginning to cheer up nicely this morning. we'll see more and more sunshine this morning and a nice bright afternoon. our temperatures are mild in the though mid-50s. 46 in roxboro. 44 in south hill. 57 in fay theville and goldsboro. we are about to republican head long into some very cold temperatures in the morning. i'll talk about when those arrive coming up. but expect it to be quiet this morning with temperatures close to 50. at left hand. time, mid 106 and a high of 71 this afternoon. but with the sun, it will feel good. bryan mims in for brian schrader. >> this accident is off airport boulevard. not much to speak of and not causing any delays. as you see on the map, not much going on. it is rather quiet out there on this friday morning. that is a good thing. let's take a look at the durham freeway to i-42 downtown, this is alexander boulevard not sewing any issues there. here

. >> there was a sense that the pendulum was swinging away from terrorist efficacy.ords, if you hijacked a plane, you didn't necessarily get a free run to the press conference. >> once again, we see terrorism's evolution in the sense that the terrorists themselves often have to change up their tactics if they're going to stay one step ahead of the government. >> west german industrialist hans martin schrier, a key government adviser, was kidnapped in cologne today. >> the terrorists riddled the cars carrying schrier and his police bodyguards with machine gun fire. the bodyguards were killed. >> this is the third terrorist incident in germany in the past six months. all involve death, and all involve the badder mine off group. >> the red army faction in west germany was part of a 1970s trend marxist vanguard groups. the red brigade in the japanese red army, the weathermen in the united states. these were people who felt that the capitalist structures were unjust and needed to be destroyed and the only effective way of doing that was through violence. >> the german pol

communication, the style of communication, intensity people say is a strong leader we have seen pendulumay bush and all of a sudden you throw your pendulum you see somebody now who is conducting himself completely differently, very elegant, can communicate people are tired of one going to look at monitor to scribe what they are going to do donald trump saying anything he wants off the top people throw pendulum i talked to george bush the other day george w., and he was saying tony, you know he hasn't attacked president any way i think very, very -- classy but shares feelings he said i see obviously concerns but i learned the office is bigger than occupant when nixon was in there i thought our country was going to disappear the office bigger than occupant i don't have worries long term whatever we will make decisions learn from them balance again. >> i want to hear about ordinary people folks because you have spoken to everybody from big hitters talking about to average people, how do you take your game to the next level how do you put your best foot forward think about that i want to ask

the weather pendulum swings. i'll tell you. all right, terminal tower looks great in green. 708 feet into the sky and just kind of shining over the city. i am amazed. i get a list of construction and accidents and disabled. there's nothing on the list. a little bit of construction, season. inbound traffic on 77, east 30th exit is looking good. let's look at some speeds across the region. east side up and down the shoreway, 60 miles per hour. look at the drive in to town in the green car, of course. a whole hot of green there. the back end of that is kind of missing. it is. somebody closed the trunk. and now we're talking about no accidents or broken-downs. the bus might be a good alternative if you head downtown for the parade. always a safe bet taking the bet. all right. brian, tia. >> tia: corned beef is a cleveland staple 365 days of the year. today on st. patrick's day it's a necessity for a lot of locals. >> brian: necessity, you're right. it's part of the traditions, right? work at slyman's have been there since 2:00 this

we are swinging the pendulum in the opposite direction and may also see rain saturday night into sunday. it's going to feel different over the weekend than it does right now. brian, i know you are following an accident on i-40 that is bound to be causing a huge backup. we have two lanes blocked on 40 westbound before you get to the bridge on crabtree creek. you can see traffic squeezing by on those two lanes. we have 40 westbound at this time today down to half of the usual capacity. you can imagine the kind of backups we are seeing. here is the camera at harrison avenue, traffic is coming along from wade avenue toward aviation parkway. here is a look at the live commute map. on 40 westbound, the backups begin the >> reporter: cary towne boulevard area all the way out toward that crabtree creek bridge. also starting to see some heavy delays on outbound wade avenue from edwards mill road toward the 40 westbound march. 37 minute drive between wade avenue and 540. consider using 54 to harrison or aviation and at this point those delays are significant enough that if you are on the west sid

where we've gone wrong unfortunately is we tend to -- especially in democracys the pendulum tends towing too far one way or the other. either we go too far militaristic, we know from the bush years that that involves invading countries and setting up detention camps such as guantanamo bay. or the pendulum swings too much the other kay way as it did under the urn president, obama, that we tend to neglect the isis stronghold in iraq and syria. and from custom, they are able to plot those sorts of attacks on the continent. we have to recognize that we are facing a global jihadist insurgency and that we need to deal with it as an ideological challenge before we deal with it as a military challenge. that requires generational struggle working grassroots in the communities to challenge the ideology and challenge it and debunk it. >> there were al qaeda leaders years ago writing books calling for war against europe and war against the west. what leadership glups groups do we need to fear most right now? is it isis? is it al qaeda? are even able to identify who those groups really are? >> yo

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>> i think it is just a pendulum swing away from obama and you see trump is about the farthest you can get. the two things that stand out for me, one, that is positive, more people are turning out than ever, saw that at bike week with thousands of people with trump t-shirts and stickers and the second thing, we learned from the exit holes, trump is tapped into the feeling that people in terms of excess spending and amnesty and are frustrated and trump read the tea leaves better than anybody on that. and has been connecting with folks. >> we had marco rubio yesterday, rick and we asked him, what happens if you don't win hear in florida? and he said he was not going to quit. here's what he say yesterday on "good day orlando." >> well, we're going to utah, either way, the difference of course is i'd much rather go to utah, the winner of the florida primary with this momentum an 99 dregs than someone who didn't win the florida primary but we're going to utah nonetheless. >> john: rick, some of the sights saying,somebody got a vp offer for him. i don't think so. he did it not long after the

we assume in revisionism that the pendulum swings the other way. oh, thomas jefferson, man of the millennium. owned slaves. worst of the millennium. in fact it's neither and it's both. you have to do that. in the case of jackie robinson, making him more complex made him much more interesting and permits us not to focus safely in that narrow year of 1947 when he came up but to do his birth in 1919 and jim crow, georgia, and his death in 1972 as a 53-year-old man feeling that he didn't have it made, that he still didn't have it made. he was a black man in a white country. so what happens to him before baseball? how did he get there? what happens during baseball when he no longer has to turn the other cheek? what happens after baseball as a republican and african-american republican, all of these things disrupt the familiar convenient story that we want to have. michael: but this is a story that you would have heard. henry: remember, i was born in 1950. every two weeks i'd go to the barbershop, right, and listen to the men, as we call it. black barber

the pendulum is swinging back the other direction. >> thanks to you we will be prepared. >> thank you. >>> it is getting easier and easier to use your phone to make purchases but if you're not careful, using your smart phone can make it easy for hackers to steal your personal information. mary maloney explains how to keep private information safe. using your phone to buy things, you need to use an app from a credit card, or third-party like paypal. according to the consumer confederation of america, some app store more information about you than you realize, like your name, home address and email address. they may also keep record of your photos, texts, contacts on your phone, the calendar and sites that you visit. apps can track what you shop and buy, and may share your info with other companies. there are simple steps to keep your private information safe. walk your phone when you're not using it. read the privacy policy. be careful when using public wi- fi, because hackers and scammers can access your sensitive baking information. next time you think about paying by phone, also rem

and his policy turning a blind eye or turning the other way to the problem in syria the way the pendulum has turned so far toward isolationism. that is no longer sustainable. ignoring this you have the migration that you just referred to. primarily that causes instability within europe. we have a vote to choose whether they died s decide to leave. all of this could impact the unity of europe and stability therefore of the european union. if the european union breaks up it effects the interests of the united states. i would say america can't afford to ignore the problem in syria with isis in iraq and syria. i would say the president has been ignoring this at his peril. >> in terms of refugees coming here to the united states do you think we need to rethink that policy? do you think that some current political candidates have suggested that should be frozen and should not happen right now? >> of course everyone should redouble the checks on the borders but i don't think the united states has the sheer number of refugees. that indicates an acute level of concern. those checks need to be red

is it sort of a pendulum? does it sw inc.hat way or are there things happening between these horrible attacks we don't hear that much about? >> yes, there are a lot of things happening between the attack, but how much is being done and how many people are working on this? i mean, the resources of the belgians and the french are stressed. it takes a lot of people and a lot of resources and time to put together a robust and intelligence gathering network. what you will see after the attacks is you will get a lot of information quickly. because there is physical evidence. there is witnesses. there is cameras. there is a lot of information and data points that can be checked and then from there, you will go out and execute on these various safe houses and interview people. so you will see a lot of activity immediately in the after math. then it will show down a bit. because you got to take that information and start analyzing it and bestoke it into what's important and what's not. you may see a second wave then of raids and arres

smaller phone, and you know, screen clarity amazing, they were thin models now making bigger iphone pendulum has gone back is it worth it? >> i will tell you we used to do phone review as this iphone killer or o not to your point, i want to tell you if you're android person you won't find a better phone. the edge has kinds of amazing things including this phone looks like it is off but it available amazing display. galaxy edge has tools that allow you to quickly finding things that you need all of the time they've done such a beautiful job with this screen. with the low light camera which by the way may be the best low light camera period. so they have taken the phone and to a new level. question is is it better than, wrong, if you're android person and you want android it is a great android. apple person an thinking should i switch this is one have a quick look. right, but usually apple people are religiously apple and religiously android this is a good phone for you. don't forget the orb. not priced yet but it will be consumer priced. >> good to know. don't understand what it does. i want

what we are seeing is the rise of that anti- pc politician and i think that you are correct, the pendulumis swinging back. i don't know how far it's going to swing back. i don't know who the greatest representation of that is going to be. ultimately that's a decision for voting americans to make, but i do want to tell you that the president of the united states is not just the president of america. he or she is the president of the entire world and that's why everyone has a stake in this and when i go to new hampshire and south carolina there is not only american media there, there is media from all around the world because everyone knows that the fellow occupant-- the next occupant of the white house will be important. right now people in australia are not sleeping well because president obama is not keeping the world safe. he is not adequately fighting the scourge of radical islam. so, that's an example for you. i would love to see american unity, but i do not believe that will be possible unless a consensus is reached on what constitutes being un-american. bc, post-world war ii and the

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where are we now in terms of where the pendulum is?atility -- there is a huge a rain of outcomes. it is harder because we have had his move where it is declining. that is really unusual. obviously going into an election year as you well. -- election year as well. there are so many moving variables, that swing suggests investors don't have a clue. they really do not know. the ability for that outcome to be swayed, depending on what happens in the u.s., it is going to be a very volatile time to be investing. guy: let's talk about what is happening elsewhere we have ecb coming up. whatve seen the impact of the japanese have done to the yield curve over in japan. 3-d charts here. you can see the sharp rolloff on the bloomberg as rates go negative in japan. they follow off a cliff here as we go into negative territory for the japanese curve. we still do not understand the impact of what this is doing to the global economy yet, do we? matthew: this is why bankshares have been successful this year did -- this year. very challenging. the margi

the pendulum swung maybe a little too far and that it will swing back. if you think about why this story is happening, specifically in brazil, it's because we think that she will get impeached. it'll become a big story for the rest of the year and already are. if you think about it, is the economy turning, is this the reason there is a trigger point. you can put those two things together for me. hans, you flagged this momentum move across emerging market assets. you want to see substance in terms of what happens in brazil convinced ofou are doubling down on this trade. >> that is absolutely right. i wanted to see better economic stability. concerning the political think aity in brazil, i lot of that has been already priced in. it will have the setback back into the marketplace but we are dealing with this political for quite a while. we are seeing the situation especially in asia. in the year 2013 or 2014, each time something went wrong you are turning to mexico or brazil selling at first another market is turning around and saying, where is the weak spo

there are some areas the pendulum may have swung too far like not involving the service chiefs enough in acquisition, decisionmaking and accountability. and there are areas as you've noted where subsequent world events suggest nudging the pendulum further hike taking more steps to strengthen the capability of the chairman and the joint chiefs of staff to help address transregional threats, threats in multiple domains and multiple threat within overlapping time frames. as you know, last fall we began a comprehensive department-wide review of organizational issues like these to identify any potential redundancies, inefficiencies, or other areas of improvement to help formulate d.o.d.'s recommendations to you. i expect its internal findings by the end of march. this work is important, though much is within our existing authority to do so, we look forward to working closely with congress to implement needed reforms. as we discussed over breakfast last week, chairman, and senator reed, i look forward to working with you on this important matter. let me close on the broader shift reflected

now the pendulum has swung the other way. >>> now as bryce harper declared already this spring, the mets team to beat. well, it appears that mets are already winning in spring training, with perhaps the most outrageous player. keiona ses pitpides -- sessionpides. this time, he's literally sporting horsepower. sespedis arrived on horse this morning. seems to be a ranchhand is the theme this week. because on saturday, sespedis went to the st. louis fair and paid $7,000 for a prize-winning pig. >> to do what with? >> there's a lot of speculation about that. >> will the pig survive -- >> that's what everybody is asking. >> end up on a plate? >> the money goes to help the 4h club in the area. going to a good cause. but some people aren't sure what will happen to the pig! and the horse, where ar >> looks like there was a spot for him. how outrageous can you really get? >> doesn't sound like he's done. >> no. >> thanks, kristen. >>> the polls are set to start closing in about an hour. can anyone knock off hillary clinton and 61ald trump, in -- donald trump, in tonight's super tuesday primary. >

and it's not a swinging pendulum between left and right. the united states political scene is never entirely one nor the other and to say that, ah, we are in large now so we have a mandate, that's dangerous territory. instead, let's think about a shifting center. things that richard nixon did as president would be classified as unbearably liberal today. environmental protection. one point he supported a minimum guaranteed income for poor families. this is stuff, you know -- this is bernie sanders' territory, folks. but it was in the world of the late '60s and early '70s, the realm of political possibility with a few steps to the left. now it's moved a few more steps to the right. so understanding where that center is and composed of members of both parties and both parties are actors in the movement between left and right is what we need to think about. so, thank you so much for listening to me. i'd be really happy to field your questions and all that i ask since this is being taped is that if you have a question, come to one of the two mic

. >> the pendulum swings. we've seen that in life. we've gotten microaggression. we've gotten to the point where on universities, the word coddled has been used. the latest incident down at emory, where the president is really worried. someone wrote trump 2016 somewhere. some of the students unfortunately saw it. they're in pain. they're frightened. he's tried to help the situation by being very -- i'm going to have trouble getting through this myself because i can't imagine what those young students are feeling right now. you can go too far. on the other hand, i have called twitter. harvinger of the end of days. it is just a cesspool. anonymously you can say whatever you want, and lots of people will see it and retweet it. it's just a race to the bottom. >> not to mention the role in global terrorism. >> it reminds me of the end of days. also, wilfred, you say it's not a surprise to me when you say it's happening in europe too. don't get high and mighty. i've seen what happens in the house of commons over there. it's usually not words. it's usually fists flying.

>> it is a pendulum swing. here's the thing.his is less about establishment versus outsider politics on the right, and much more about the ways in which donald trump, because of his media presence, because of the simplicity of his message, and because of his rejection of what folks think of as being politically correct, he has tapped into those broad swath of americans who are rejecting the first black presidency. i know for a lot of folks, it is hard to think about this all being about race, and maybe it is not simply about race, but there are many americans who honestly feel as if barack obama and the current demographic shift, some of the shift you talk about in your piece, are in some ways taking the country away from them. there are folks who feel as if this is a nativist impulse on the right, that america needs to go back to some point in time where white folks were dominant and predominant. so the demographic shifts to terms of the first black presidency has created a groundswell of folks on the right who are rejecting th

heavily weighted on privacy and civil liberties that at some point they're going to need to move that pendulum to the center and take into account things they -- look, the belgian government in the wake of the paris attacks, they came up with 24 plus recommendations for the protocols and procedures. they haven't acted on any of them. because they have to work through this enormous bureaucracy. >> mike baker, formerly with the cia, now a diligent, thank you, mike. >> thank you. >>> fox alert now. the islamic state claims responsibility for a deadly suicide bombing at a soccer game today. iraqi security officials say at least 29 people died, 60 others are hurt. they say it happened at a stadium about 30 miles south of the capital. more details as we get them. >>> and more ahead this hour on the fight against terror including what else we have learned about a possible target, a possible effort to target nuclear power plants. but next, the state of the race for the white house. we'll speak with the rnc national spokeswoman about where the party stands and where it is headed. hey! this is lloyd. to

as with all things, the pendulum swings aggressively and goes too far.t is one of those cases. hans, we will take our next guest. by one ofoined europe's biggest banks. we are going to be talking about what is happening in banking. mr. treichl is coming up next. ♪ guy: 20 minutes past the hour. let me update you on a couple of key stocks. barclays and going for -- and glencore turning positive. commodities he thinks have bottomed out. glencore turning around on that story. 134. peter go-round who is our chairman also sits on the board glencore. barclays going in the opposite direction. park -- markets not impressed with what jes staley has said this morning. the stock continues to drop. it is the leader loser on the ftse 100 this morning it let's carry on talking about what is happening within the banking sector. 17% year tog down date. what is it like, a business and the banking sector with negative rates? threatening to -- andreas treichl joins us now for an exclusive conversation. very nice to see you. andreas: i love it. it is the worst. us, because

latest poll shows nearly 3 in 4 women have a negative view of him and it could help swing the pendulumz in tuesday's crucial primary in wisconsin. >> do you believe in punishment for abortions? yes or no, as a principle. >> the answer is that there has to be some form of punishment. >> for the women? >> yeah. some form. >> ten cents, ten years? >> i don't know. that i don't know. >> why? >> i don't know. >> you take isspositions on everything else. >> it's a complicated position. >> trump quickly tried to clarify those comments saying any punishment left up to the states and hours later he said it's the doctors who perform the procedure to be punished and not the women. the critics aren't buying it. painting him as a flip flopper. trump taking meet from republicans and democrats as well as groups on both sides of the abortion debate. >> should women who get abortions be punished? >> of course not. donald's comments today are just the latest demonstrations that he hasn't thought seriously about the problems facing this country. willing to say anything to try to get elected. >> absolutel