prudential posting a 17% jump in the first half operating profit, this as prudential's asia boss says it sees strong growth in agency, banking distribution, strong sales also to mainland china. it also says that the china stock market volatility has not had much impact on its business. of course, that was one of the concerns for analysts out there ahead of prudential reporting results. prudential's ceo says it's confident of delivering strong and profitable growth and has put in a request for lifting of the trading halt. as you can see, it has been lifted. we're looking at prudential shares higher by around 0.3%. >>> the united states has led 29 air strikes in iraq and syria, targeting islamic state positions. the u.s. and its allies, including turkey, destroyed an explosives factory and other strategic isis operations in the mission, this after nine people were killed and numerous others injured in a wave of attacks across istanbul on monday. the leaders of turkey's ruling ak party in the main opposition republican peoples party will make a final decision this week on whether to form

tickets are available to seamany skate with 24 other pros at prudential on sunday. reporting from hoboken, i'm baruch shemtov, fox 5 news. steve: all right. how about this? fans of the fab 4 have a chance to buy many pieces of rock 'n roll history. heritage auction planning to sell more than 300 beatles items including their first signed recording contract. that auction is scheduled for september 19th here in new york city and online. the contract expected to sell for $150,000. dari: you won't see prices on a menu at one new jersey restaurant. steve: pretty amazing experiment. what happens when diners get to choose to pay what they want. dari: and i've been dying to see this sneak peek of a one of a kind carrousel in battery park before it opens to the public. since 1961, pearle vision has provided the neighborhood with expert eye care. that was dr. stanley pearle's vision and we still proudly carry on his legacy. today, doctors like lisa hamilton perform eye exams that can help detect diabetes. because we care for you... and your eyes. this is genuine eye care, in

antwan: so this weekend skateboarders are take over the prudential sen tern newark. christina: plenty of manuals and even some tail slides. about a rum shemtov caught off the stars with the skateboarding. reporter: pro skateboarder is gearing up to compete the scape boarding tour this sunday at newark's prudential center, but first we are catching up with the rock star sponsored skater as he rides the ramp at lo beaning skatepark. this is one of the most elite contest in skate boarding today. its the top 25 skateboarders in the world, so it is you against the idols if. >> what is a consequence the performance sunday into well, if i make the finals i get go to the super cron which is the world series of street come true. >> what does it tage to be a pro skateboarder. skill is a big part of it. also focus, sacrifice. >> speak of skill, i skateboard. do you think you could teach me in five minutes? >> i think i can. let's try. >> let's do it. >> first you put the front foot on the front so you can be able to maneuver of. you put it there. then what you want to do, you h

we will dive into the federal reserve from prudential financial. time for our twitter question of the day. can olivia sterns play hurt? no. what is your signal that oil has hit bottom? i will be honest. it is cathartic. and we are not there yet. what is your signal that oil has hit bottom. that is our twitter question. new york city. a beautiful friday. bloomberg "surveillance". ♪ tom: good morning. let's get to write top headlines with olivia sterns. are smoldering two days after two years at a warehouse. the disaster killed 50 people and injured 700. hazardous materials sparked the blast. equalrce of one explosion 21 tons of dynamite. shipping is crippled in the city of tianjin. things are going sour for the maker of candy crush saga. falling by 28%. the swedish company says revenues are still declining, but despite the slippage, king digital will keep investing in candy crush. hbo knows how to get to sesame street. the children show is now in a five-year partnership with the cable network best known for more adult programming. the next five seas

prudential, bring your challenges. jim: always a night of drama and suspense.th "ncis: los angeles, "criminal minds" and followed by 48 hours" only cbs. all 18 holes coming your way tomorrow at the pga championship at 2:00 eastern time right here on cbs. 15. frank: justin rose from close to 60 feet. a little mound in it. goes down into the hollow. it might look close but that's still about five feet. to 17. ian: jordan spieth on the tee here of the par 3. jordan: oh, you got to draw, don't you? you got to turn left. ian: it is now. and that's exactly what he was talking about. just come in a little bit and feeds down towards the hole. nick: i love the way he screamed at it. he was only four yard right of the flag. ian: exactly. 217 yards today but it's six yards downhill but then coming back into the slight breeze, maybe five to 10 yards of breeze into them. only five birdies and averaging well over par. one of the top five hardest holes. justin rose did make par. frank: and what's the plight of matt jones? david: from 230 yards, ripping a 3-iron at it. frank:

. >> corporate funding for "washington week" is provided by -- prudential.dditional funding is provided by newman's own foundation, donating all profits from newman's own food products to charity and nourishing the common good. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. ♪ >>> good evening. welcome to "kqed newsroom." what it really costs california to pay hoff a decade-old debt. >> i'm thuy vu. a convicted felon accused san francisco mayor ed lee of accepting bribes. such an ack accusation coming from a man behind bars awaiting trial on money laundering charges might be easy to dismiss but the felon in question is raymond shrimp boy chow. chow previously served time for armed robbery. he was indicted last year as part of a federal criminal investigation that ended the career of a prominent san francisco politician, storm state senator leland vee. in a bid to have

prudential bring your challenges. oh my gosh, it's the guy from last night. what?!wi-fi? yeah, you can try it. hey! i had a really good time last night. yeah, me too. the only thing is that... the only thing is what? what's the only thing? oh my gosh he's married. he's a kleptomaniac. he's a pyromaniac. he's a total maniac. hey! hey! go back to your wife you sociopath! leave slow internet behind. the 100% fiber optics network is here. get out of the past. get fios. now $79.99 a month. go online or call now. call the verizon center for customers with disabilities at 800.974.6006 tty/v captioning funded by cbs and ford >> pelley: two and a half years after the tragedy at sandy hook, are some seriously mentally ill patients being denied long-term care by their insurance providers? our investigation found parents and doctors who say so, and we've documented cases where patient care was cut short by insurance company doctors who never actually see the patient. >> some nameless, faceless doctor is making this decision. and i'm furious because basically, to me, he was play

prudential six income strategist robert. john ending of rbc. glenn, thank you for sticking with me. i do want to drill down a little bit more into what is going on with netflix specifically, because it has been one of the most volatile stocks this week. at one point sinking 18%. and then closing of near 5% today. what is going on? in the middle of yesterday's market meltdown netflix announced a deal with the japanese mobile network softbank. it is a local partnership to help netflix launch in japan. softbank users will be able to sign-up for the service at retail locations and pay for it in monthly mobile bills. still to come, my exclusive conversation with mark benioff. we discussed the global market selloff. that is next. ♪ emily: now to salesforce. ceo marc benioff says startups may struggle in these tougher market conditions. i sat down with him for an explicit interview. mark: the devaluation of the -- i sat down with him for an exclusive interview. mark: the devaluation of the yuan and the currency, you have a six year bull market. it has been an unbelievable market run. there

. >> corporate funding for "washington week" is provided by -- prudential, additional funding is provided by newman's own foundation donating all profits from newman's own to food charity, the corporation by public broadcasting and to donations from viewers like you. thank you. >>> good evening. welcome to kqed "newsroom." i'm thuy vu. tech companies are under increasing pressure to show progress. apple, intel and other firms will be meeting to press them to diverse their workforces. we're going to look at one aspect of this problem, the gender gap. yahoo!'s marisa and facebook's sheryl sandberg are the exception, not the rule in silicon valley. women are underrepresented.

gton >> corporate funding for provided byweek" is prudential. is providedunding by newman's own foundation. froming all profits newman's own food products to charity and nourishing the good, the corporation for public broadcasting, and by contributions to your pbs viewers like you. thank you. >>> hello, i'm scott shafer. welcome to kqed newsroom. >> i'm thuy vu. the waters off the monterey are home to otters, seals, sea lions and whales among other creatures. next week, they'll be featured in big blue live, a television special spanning three nights here on kqed. pbs and the bbc are producing the special airing live at 8:00 monday. big blue live will focus on the comeback of monterey bay where decades ago dozens of species of sea life were on the verge of extinction. >> although many of the species are thriving, ocean waters throughout the world are facing a new

. >> corporate funding for "washington week" is provided by -- prudential. additional funding is provided by newman's own foundation. donating all profits from newman's food products to charity and nourishing the common good. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. >>> hello and welcome to kqed newsroom. i'm thuy vu. it's back to school time. in a few minutes we'll talk with university of california president janet napolitano and california community college chancellor bryce harris about the challenges facing their students. first, scientists have uncovered new information on the impact of california's drought. scott shafer spoke with science editor craig miller about the findings. >> craig miller, welcome. >> thanks, scott. >> begin with the study from columbia university. scientists there saying climate change caused by us made our drought worse. how did that happen? what's that connection? >> california had kind of a double wham

prudential, bring your challenges. every month, mr.ohnson goes to the drugstore and connects with a pharmacist to renew his arthritis medication. which means he can keep up with his granddaughter at her wedding. when older pennsylvanians make the most of programs supported by the pennsylvania lottery, like prescription drug programs, we all benefit. learn more at palottery.com. the pennsylvania lottery benefits older pennsylvanians every day. i was about to head to thecheck. bank, but out of nowhere it just started to rain. like really rain. [clap of thunder] i did not want to go out. [clap of thunder] but then i was like duh, just use your phone. mobile-deposit-techno-thingy to the rescue. i'm rayna. and i bank human at td bank. captioning funded by cbs and ford >> pelley: this berm marks the border between syria and jordan. the refugees that we ran into were coming across the top of the berm and turning themselves in to the safety of the jordanian border officers. more than a million have crossed into jordan so far during the four-ye

prudential, bring your challenges. >> tonight a southeast soaking, erika no longer a tropical storm but wide spread flash flood watches are up flew the morning. a wind storm in the northwest leaves two dead and hundreds of thousands without power. a 62-year-old woman who was hiking in a california forest is found alive nine days after she went missing. >> after rising for years, airfares are actually going down. and a man who explored the mind in magical ways, remember the life of oliver saches. >> this is captioning sponsored by cbs this is the "cbs evening news." >> glor: hi, everyone, i'm jeff glor. it never became a hurricane, it is still making for a messy weekend across much of florida. this is what is left of the disorganized storm that was known as erika. flash flood watches will stay in place through tomorrow morning. more on the forecast in a moment but we begin with david begnaud in miami, david? >> reporter: jeff, good evening from south florida. it may not look very ominous behind me but nearly the entire state of florida is under a flood watch. everyone from the northern p

. >> the prudential center was put in. the violence is still going on.: we will move on and talk about baby boomers because they claim life is so tough. they may have a point. young millennial's say that the boomers have set them up. maybe they are getting a raw deal. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? charles: i know we give him a hard time, but may be millennial's are getting a raw deal. maybe we had it easier. we will discuss it. ♪ charles: all right. are millennial's getting a raw deal? have older folks forgotten how hard it is to get started, and are they expecting too much? jillian is here, and joining me again is jessica. jillian, what do you think? more millennial's than any other age group expected to take the baton of america so entitled that they want to go on the 1st day of work. >> i think they have it incredibly tough. how can we sign up for debt like this? the truth is,

one quick question, the macro prudential focus of the fed, should they be worried about popping bubblesoint? >> probably. it is really hard to do that. even if you thought it was a bubble, what would you do. you certainly don't want to drive the economy down just because you want to pop a bubble. pimm: that was austen goolsbee, president obama's chief chiefist -- former economist. still ahead, hillary clinton lays out her plan to make college more affordable. will it make the grade with vote rs? details coming up. ♪ ♪ pimm: welcome back to the bloomberg "market day." we are looking at a live shot of the u.s. attorney's office in new jersey where we are awaiting the presence of security and exchange commission chair mary jo white and u.s. attorney or new jersey, as well as the acting attorney for new york. they will be coming on to talk about the most recent cybercrime. this is hacking into the prnewswire computer servers in order to gain inside information that was then traded on. the f dei, as well as that of have -- fbi and sec involved in this for the month -- for months and they ann

. -- atght look at micro macro prudential tools. might even think about posing regulation on big buyers in the bond market, such as the big asset managers and the mutual funds. and we have heard some romans of that. it suggests it will be a rocky road for at least a year or two years. betty: but interest rates are about to rise. couldn't we go back to a more normal stance? we are.d you are seeing some depreciation within the bond market. some bonds are doing well and some are not. look at the energy sector with some names falling out of bed and some really falling out of bed. but this is going to take a while to correct itself because the have been 70 many years of being funneled into the same position. unless there is a violent reversal. in which case, it could get really exciting. betty: what would trigger a violent reversal? part. that is the tricky we don't know when they will suddenly wake up one day, roll out a back and say, hey, it is time to take other side. i heard a really good analogy. qe and low interest rates have been

. : one quick question before the break, macro prudential, should the fed worry about popping bubblespoint? is hardprobably, but it to do that, as you guys know. how do you figure out if something is a bubble? if you thought it was, what would you do? you don't want to drive the economy down just because you have a bubble. goolsbee served as the chief economist for president obama. they also asked him what he thought of the 17 member field of republican presidential candidates. austan: if you watched the debate, it was certainly entertaining. all of the controversy about megan kelly, fox news -- what about the whole part where he got up and said that he wanted hillary clinton to come to his wedding and she had to come because he gave her the money? it was a strange event. the polls that came up after the first debate show that the top four candidates are trump, ted cruz, beg -- ben carson and carly fiorina. the top four are not conventional candidates. it's pretty interesting. something is going on in the republican primary electorate. they really don't like conventional establishment

. >>> joining me prudential financial strategist quincy krosby. what crash? what plunge?u were rip van winkle for only two days, you wouldn't know what happened? >> i would think everything is great. the stocks must be underpinning the market. tom: which is the volatility over, then? let's get right to it? >> no, no, you can see that, this isn't scientific. you can see the volatility index, the vix on the screen all the time, that is above 2020, is the line of demarcation tipally, under 20, things are copacetic. it's elevated meaning that traders, investors aren't spending money for downside risk on the s&p 500. >> you've been through a number of these things, and they never settle down right away, the roller coaster isn't as steep, but the hills and valleys are still there, and it seems like for at least a couple of weeks, and then it still gets shaky for a couple of months, do you agree? >> yeah, absolutely. that's when things were normal, right? because we haven't had this since 2011. tom: yes. >> we've all gotten complacent. the market only goes one way, up. the volat

prudential, bring your challenges. get this. i was at my shop tied up with a customer when i realized the time. i had to get to the bank before it closed, so i made a break for it. when i got out it was almost closing time. traffic was bad. i knew i was cutting it close. but it was ok. i use td bank. it's got the longest hours and stays open an extra ten minutes every day. i'm sid. and i bank human at td bank. captioning funded by cbs and ford >> cooper: you want the company to remove all the flooring...? >> every single board, at their cost, and replace it with clean flooring. >> cooper: he's talking about lumber liquidators, america's largest retailer of hardwood flooring and the subject of a "60 minutes" investigation after we got a tip the company's chinese-made laminate flooring contained unsafe levels of a cancer causing chemical. >> it was so high, in fact, that one of our test labs thought their machine was broken. >> cooper: the lab itself? >> the upper limit of the radar gun and they thought it was broken. >> pelley: t

bound to find a few football connoisseurs to appreciate his skills and when he finally reveals his prudentyad, the speculators easily dismissed him for over an hour suddenly realized their big mistake. there is plenty of more sport on our website, check out our website at aljazeera.com/sport. and that's all the sport for now. more a little bit later. >> i wonder if that girl is kicking herself? >> i would be. >> stay with us here on al jazeera. we have another full bulletin of news coming up in just a couple of minutes, so don't go too far. grz >>> my grants keep arriving in italy as new figures reveal 2,000 have died this year trying to cross the mediterranean. ♪ >>> hello there i'm barbara sarah. you are watching al jazeera live from london. also coming up myanmar cries out for international help to deal with devastating floods caused by relentless rain. >>> a corruption case against south african poll -- politician is thrown out of court.

i like the lifeguard, met, prudential, poised well if and when rates go up.inly, they have been killed. i mean, in the last two weeks, they are down over 10, 15%. and they haven't had the run that a lot of the other financial stocks have. i like them because they have strong balance sheets and if rate does rise, they will be great plays because investors will -- their clients will have more money with them because that's when you get the annuities, the variables. >> as you start to see these storm paths move toward florida in particular, michelle, because of only 5% of the population there, but 50% of the hurricane insurance. as far as that goes, the losses that they don't take, in other words, if this is not a terrible hurricane, they book those back on to the balance sheet right away. so the selloffs that you've just spoken to, sarat, basically put that back to the balance sheet if they don't have to pay them off. on the other hand if they do like jim said, swimming without their underwear, in some case. >> all right, enough of storms. the market storms. th

we'll educate journalists on retirement issues in our 11th retirement program funded by prudential. in every program, we're adding an element of digital story telling or toolbox training to keep our journalists abreast of the digital wave. we have a slast webanars coming up to make use of our brand new studio. we'll look at the latest research on addiction, we'll bring in experts to explain the uproar over vaccinations and the measles outbreak thanks to bayer, we'll pri a full day of training on digital tools in our studio. now i'd like you to meet the hard-working npf staff. linda topfelt, programs director. [ applause ] >> studio and program manager. rei reina levine. and jessica jean francois. your diligent dpont on this year's dinner details. [ applause ] we're making great use of use of our studio which opened in october. you can use it, too. it's available for commercial rental. >> picture yourself here. we produce video content every week from this studio. thanks to a generous gift from evelyn y. davis. you can rent this state of the art video studio, produce your own high qu

the fed needs to learn what the word macro means and i don't mean macro prudential.step back. i'm sorry, but if you think about who the markets represent today, who the biggest players are, who is profited the most from many of the policies of the fed like zero interest rates, their heart was in the right place, i think they should let the market breathe. don't worry about knee-jerk, and even if, after normalization, we see big movements and directions that investors aren't happy with the market has to survive without training wheels. if you have a patient on morphine and take it out, what happens happens. are we going to be on a ventilator or move higher? i don't know the answer but they can't keep it interest coming out at some point. carl, back to you. >> all right. rick santelli in chicago, thank you for that. >>> when we come back, several dow stocks in correction territory. some present some decent buying opportunities. we'll talk about which ones in just a moment. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster th

it apparently has affected several fund firms including freighted and prudential financial. i spoke with some representatives of the mutual fund industry who emphasized it did not affect today's big market springs. it wasn't a part of that. this was a straight ahead hardware failure that could have happened any day, anytime. i was able to ascertain less than two dozen fund complexes were affected. it wasn it wasn't an industrywide thing. p. it affected part of the bny system. the question is whether they can accurately calculate the asset values. first trust which manages several exchange traded funds said on wednesday in a statement that the net asset value of some of its funds contain errors greater than 1%. that's not good. bny mellon was reportedly able to construct monday the net asset values for all their funds, but there's likely a big backlog of these net asset values that need to be calculated for tuesday and today. federated still has a statement on its home page that there is still a delay in providing net asset values. what does all this mean, melissa? it highlig

from the perspective of some of the macro prudential policies put in place by the bank of england, thatmuch more at the middle level of the property market and where you have leverage. a lot of places we are talking about in london, there's not a lot of leverage in the system. do you expect that volatility to continue? are we in the foothills of a really big emerging markets story or are we already understanding the full extent of it? >> it is difficult to say at this point. there's too really big things going on. one is the fed and the other is china. i think the challenge is clearly the uncertainty around what does the fed hike actually mean for a georgian -- for emerging markets. the bill that has been negative from the perspective of uncertainty. nowle are talking about it because the story has been running for quite a long time. then you have the china story. their ability to control the transition is the big question. at what point do they get to the stage where they feel they have to resort back to the old policies, which is what last week was about. this uncertainty around, are

it has macro prudential tools. so the arsenal is significant, but again, it is more about -- theys it's less about what are doing to actually ease policy and more about what they are doing on the pace of reform. ultimately, that will dictate flows into and out of the renminbi over the coming year. francine: what is your favorite place? fx volatility is not really out of control. stephen: our favorite play in fx. in the next three months, we like your ohio and sterling lo-- euro-sterling lower. manus: the jpmorgan volatility index -- i think it puts it in perspective. are 11.9%. 2813 .4%. so we are nowhere near as volatile -- 3.4%.3, is aroundolatility its 10 year average. that is a good thing for policymakers. the volatility we have seen this week and aggregate in fx has been nowhere near what you would classify is extreme levels. and that is a good thing for policymakers to have some volatility but not extreme volatility, because when volatility is excessively low, imbalances are created. and that makes it harder

prudential. the global life insurance business.t has first half total operating profit 1.88 billion pounds. that is actually up on last year's numbers. we're looking at the stock. it just spiked higher. dividend remains the same. if you are a shareholder, the dividend is just over 12 pence. the asia operating profit comes in at 632 million pounds. francine: this is a company that is seen a change at the top. an american is in charge and these numbers are of the former ceo who is now a credit suisse. we will not see for a couple of months with the new ceo will do. manus: let's move on a little bit. bring back in, actually you know what? tech wrap. francine: a tweet sent out by twitters ceo helped the company stock jumped. jack dorsey was publicizing him purchase of $870,000 of shares in the company. it comes as the company struggles to boost user numbers and find a permanent chief executive. .anus: the american i.p security company is set to announces sale tof its data storage. the deal would be the largest private equity takeover o

joining us with her view of the world, quincy crosby from prudential financial.g oil. >> absolutely. >> as a proxy for what? >> the market believes it's a proxy are for growth, we have to see it as a proxy for growth. supply is up dramatically. that's something the market doesn't seem to grasp. maybe it's not so much a proxy. it's not dr. copper all over again. >> except it is. copper is at six-year lose. >> the thing is supply has gone up exponentially. if the market sees it that way, we've got to look at it that way, too. >> do you agree with the call from citi they would buy energy stocks right now? >> given that citi was one of the very first -- people thought he was crazy to say oil's coming down, i have to watch that. it carries a lot of weight. dividends are nice in the big integrateds. the one you don't have to worry about in terms of cutting the dividend. that's the fear. they have been spot on. >> if it's a supply story, do you like the cyclical names, consumer discretionary names? are we setting up for a boon in this country? >> we are growing. regardl

sentencing statutes enacted over the past four decades failed to have the longstanding democratic juris prudential principles. the principle of citizenship that requires humane treatment of those in prison and has been embraced by the international community and federal courts in numerous places that we have abandoned and indeed how these principles have been strained by the current corrections policies and practices. and finally our committee that is based in science and the literature came up with the overwhelming principle of social justice which would require that prisons should be viewed as social institutions that must not undermine the well-being of members of society. indeed, pursuing this principle were to require greater attention, oversight, transparency and more regarding the role of prisons and society. >> so again, these guiding principles and imperical findings and the overriding recommendation that we must reverse course and reduce the levels of incarceration and then we had actual sentence -- i'm sorry, policy recommendations, overhauls the sentencing policy and recommending that

it is an environment where there is a recognition that what you do need prudential regulations in place to safeguard customer funds and it's your -- ensure protection of customers, you differentiate between mobile money and banking because the risks are different. and it is an environment in which interoperability, well very important, is not mandated at an inappropriate time or using a model that is not commercially viable. it is around the world, not just in sub-saharan africa, if you look at all the countries with an enabling regulatory environment, and all the countries with a non-enabling regulatory environment, active customer usage with respect to usage of an account within 90 days is over three times higher in environments that we consider to be enabling versus non-enabling. as i said, the top 10 countries with respect to active accounts as a percentage of the adult population are all countries which have an enabling regulatory approach, and all those countries mobile operators are leading in driving financial inclusion with respect to mobile money. i think that is very importan

there are currently 7 under lying wrap providers so there are different neshated fees, prudential andthe view is the 20 basis points is a legitimate, fair fee to pay and necessary for the participants? >> yes, to have the book value protection >> we look at this with a critical eye, any managers we should be aware of in terms of underperforming or consider to replacing in the future? that can incompass performs and key people leaving. which ones would you like- >> of course part of the watch list is highlight from a qualitative and quantitative perspective where we focus and have a higher alert. rustle investment is managing the glide path, they had a ownership announcement so that is on page 5. the other ones

there are currently 7 under lying wrap providers so there are different neshated fees, prudential and new york life >> the view is the 20 basis points is a legitimate, fair fee to pay and necessary for the participants? >> yes, to have the book value protection >> we look at this with a critical eye, any managers we should be aware of in terms of underperforming or consider to replacing in the future? that can incompass performs and key people leaving. which ones would you like- >> of course part of the watch list is highlight from a qualitative and quantitative perspective where we focus and have a higher alert. rustle investment is managing the glide path, they had a ownership announcement so that is on page 5. the other ones we don't have concerns from the qualitative perspective thrmpt are a couple that are flagged for performance and that is low price stock funds and that has a underperformed the last 3 years relative to peers. that fund is unique with 35 percent outside the u.s. but the benchmark is 100 percent oaf the u.s. there is also about 9 percent in cash and in the rising

there are currently 7 under lying wrap providers so there are different neshated fees, prudential and new york life >> the view is the 20 basis points is a legitimate, fair fee to pay and necessary for the participants? >> yes, to have the book value protection >> we look at this with a critical eye, any managers we should be aware of in terms of underperforming or consider to replacing in the future? that can incompass performs and key people leaving. which ones would you like- >> of course part of the watch list is highlight from a qualitative and quantitative perspective where we focus and have a higher alert. rustle investment is managing the glide path, they had a ownership announcement so that is on page 5. the other ones we don't have concerns from the qualitative perspective thrmpt are a couple that are flagged for performance and that is low price stock funds and that has a underperformed the last 3 years relative to peers. that fund is unique with 35 percent outside the u.s. but the benchmark is 100 percent oaf the u.s. there is also about 9 percent in cash and in the rising