this is "bloomberg real yield." ♪ ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield."live from j.p. morgan asset management. over to china, chinese markets ended the week on stronger footing. the you on reversing a -- the yuan reversing an earlier slump. central banks moved to weaken daily currency fixing, the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager involved with emerging markets debt at jpmorgan, and still with me is bob michele. and thoughts on china, whether you have a handle on what is happening with the pboc and what is happening in recent months? diana: what the chinese are doing is the right response. what we have seen is they stepped back from the currency. they are willing to let the market determine where the trade -- the currency levels trade. they are willing to see where the market is pricing it. that is the right response, it could likely be a growth shock. for the pboc it is the right thing. today we saw announcements they will allow some banks to invest in loans again, and an easing of

markets, that is real. that is something the fed may not care about, but i think by 2019 will have no choice but to care about. and i think that is where the transition will take place. jonathan: so iain, that is what i really want to explore, whether the feedback loop is still sort of there, whether we can get a u.s. economy that responds to what is happening in european high-yield, in emerging market high-yield and asian high-yield and whether there is feedback into u.s. credit. right now, on the screen, equity bonds just completely rolling over. enthusiasm about the u.s. economy and u.s. high-yield is being kind of the most resilient place to be in fixed income through most of this year, does that change? iain: i think it does not. and i would sort of disagree on the investment grade side and the high-quality side. when we look at credit metrics in investment grade, there is a reason it has been selling off in the u.s. because we have seen leverage ratios picking up. it has been classic late cycle behavi

this is "bloomberg real yield." ♪ ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield."ve from jpmorgan asset management this week. it is time now for the final spread. coming up over the next week, a rate decision from the european central bank, plus you have a g20 weekend meeting of finance ministers. another round of earnings that includes big tech and european banks, and the latest reading on u.s. gdp. for some quick final thoughts, i am joined again by bob michele, global head of fixed income. bob, we want to go over your four conviction trades. the first one being you really believe the federal reserve will raise four more times and then pause. why? bob: absolutely, because that brings the fed funds rate to a range of 2.75% to 3% depending where inflation is. that is an all-star real yield of about 0.5% to 1%. that is still generous by historic fed terms, but not overly accommodative. they will have raised rates for 3.5 years, why not step back and see what the other central banks are doing and also see how the economy is doing a year on? jonathan: and to wait it o

this is bloomberg "real yield." ♪ jon: i am jonathan ferro. this is bloomberg "real yield."ant to head to the auction block where there was a condensed treasuries schedule due to the holiday shortened week. the weekly auction of four-week bills for investors paid bids, treasuries also sold -- the $48 billion and three-month bills with a 2.62 ratio. the bit to cover ratio was the lowest in a decade. $15 billion was priced in june and making it the slowest issuance for that month since 2013. high-yield also posted the slowest quarter in eight years. finally, in europe, corporate debt sales had the worst first cap in seven years. issuance of investment grade corporate bonds slumped 30%. this week, an interesting piece came highlighting the unfolding credit squeeze. in a note that his team roach, they said the following. over the last six months, we've compiled a long list of individual surprises to appear to be more than coincidental. when viewed alongside the decoupling of growth tightening half, u.s. financial conditions and repricing of risky assets, we have all the hallmark

this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield."are live from jp morgan asset management. time now for the final spread. we get a decision from european central bank. we have a g20 weekend meeting of finance ministers. another round of earnings that include tech and european banks and gdp in the u.s. here is quick final thoughts. i am joined by bob michele. want to go over your for convictions. do you believe the federal reserve will raise former times -- for more times and then close? bob: absolutely. that brings the fund rate to two and three quarters to 3% depending where inflation is. that is a real yield of about 0.5% to 1%. that is still generous by historic fed terms, but not overly accommodative. they will have raised rates for 3.5 years. why not step back and see what the other central banks are doing and also see how the economy is doing? jonathan: that takes me to the second conviction. short duration. yields.are bearish on as the fed raises rates and supply it's the market and quantitative eases the tightening yields wil

this is "real yield." ♪ lisa: i am lisa abramowicz. this is bloomberg "real yield."for the final spread. coming up over the next week, we will get fresh readings on china's gdp and president trump and russian president vladimir putin will meet. fed chair jay powell testifies before congress. and we have a bunch of earnings, including goldman sachs. still with me is oksana aronov, joe higgins, and matt toms. i want to start out with china's gdp. we have seen a bit of deterioration in chinese corporate bonds, particularly denominated in dollars. i am wondering, joe, are you concerned at all about some of the weakness we have seen, or are you starting to see the time to buy? joe: certainly weakness in china has implications for em, and risk sentiment globally. it is very important. we remain generally somewhat concerned about the weakness in the renminbi. what happens with further dollar strength? it is something to incorporate in your asia play. lisa: matt, how much are you paying attention to chinese gdp and the efficacy of the controlled slow down in that country? ma

feels real, because if i show you it feels real and you are unwilling to take a step on the plank, as most people that come through are, once i've sold on you this idea that v.r. is so real that you're not even willing to stope a fake plank, then we can have a real conversation. can you use v.r. to change attitudes about racism, about climate change, about these really hard topics that you have to experience to really understand? host: so what was mark zuckerberg's reaction to walking the plank? jeremy: well, in general, when we bring people in, what i'll say is about mark is he was super high presence. he got v.r. he completely, you know, understood what was the benefits. you know, we call people high presence, which is some people, most people, they put it on, and they say wow, i didn't think it was going to be like this. and mark got it. he really got it. shoip you talked about climate change and empathy and virtual reality. let's walk through empathy. how do you see virtual reality making us more empathetic human beings? jeremy: so our research, since 2003, wee been melding two th

-- real creepy, real scary.there. fortunately he's doing great with the diving, so i'm not worried about managing him. what an adventure! we got a chance to really have about as up-close-and-personal of an experience with sharks as you can ever imagine. >> so you guys want to see one of these boys up close and personal? >> oh, my god, he's out of control! >> let's let this guy go. >> mark it off the bucket list. >> that wasn't even on the bucket list! catch a shark by a tail? you got to be kidding me. >> we know guy can survive one-on-one with sharks. what about the human claw? when we come back, yes, indeed, what about the human claw? when we come back, yes, indeed, now a foundation stick with full coverage. new super stay foundation stick from maybelline new york. cover, conceal, touch up. lasts up to 24 hours. maybelline's new super stay foundation stick. only from maybelline new york. travel consideration provided by -- >>> so a couple of days ago, kevin frazier accused me of saying yes to everything. >> tru

i will, let me finish real quickly. the book is called the right answer and it came from a speech john f. kennedy where he said we shouldn't see the republican answer, we shouldn't see the democratic answer, we should seek the right answer. the speech was given right after sputnik. and he was basically able to unify the country around the nation. that's what i think the opportunity is for our party. the ideas we discussed today are so central to the approach. >> two minutes and then we're going to break for lunch. >> so what to do with my two minutes, congressman delaney challenged us to think about the specific ideas we might have. what are we going to do to improve american lives and i like to ideas. also these issues with peter and others. so i brought an opportunity for lifelong access. heinz mentioned this as well but we need to decide the idea that college is something that needs to happen over four years in a residential setting. everyone should do it. i'll say it again, free college for all is not going to be th

we want to establish that vr feels real. if i show you that and you're unwilling to take a step of the plank as most people are, once i soldier on this idea that vr is so real that you're not even willing to step on a fake like, then we can have real conversation, can you use the energy change at about racism, climate change, visual art topics you have to experience to really understand. >> host: what was mark zuckerberg reaction to walking the plank? >> guest: in general, when we bring people in, what else have a park as he was to pry present. he got. he completely understood the benefits. we call people high presence which some people, most people put on and they say wow, i didn't think is going to be like this. mark got it. he really got it. >> host: you talked about climate change and empathy and virtual reality. let's walk through empathy. how do you see virtual reality making us more pathetic human beings? >> guest: so our research, since 2003 we had been melding two theories. one of them is a psychological social logi

this is bloomberg "real yield." ♪ jon: i am jonathan ferro. this is bloomberg "real yield."re was a condensed treasuries schedule due to the holiday shortemened week. ds,estors paid bi treasuries also sold -- the nd for both auctions at the lowest level for a decade. $15 billion was priced in june and making get the slowest issuance for that month since 2013. high-yield also posted the slowest quarter in eight years. issuance of investment grade corporate bonds slumped 30%. this week, an interesting piece came highlighting the unfolding credit -- they said the following, over the last six months, we've compiled a long list of individual surprises to appear to be more than coincidental. u.s. financial conditions and three pricing of risky assets, we have all the hallmarks of a slow motion credit crunch. stealey.emani and iain iain, what do you make of that? we are starting to see financial conditions tighten. crunch?o credit iain: he is completely correct. we have seen this idiosyncratic events that have built up and they have hurt risk assets. we are seeing significant under

but london doesn't have a monopoly on real estate bubbles they now exist in cities around the world. and not if a real estate bubble were to burst sure it would get the wealthy or invest at this but they have a diverse investment portfolios they seize opportunities around the world if the real estate bubble in munich were to burst they'll be in real tokyo where they can act globally but the middle class can't discard the middle she's missed. as seen in the financial crisis of two thousand and eight the middle class is hit while the rich get richer in times of boom and bust not much has changed the minor regulations introduced into the financial sector on very tangible here in london the speculators are looking for new ways to make more money in the world's number one financial center many transactions are now taking place. in the shadows banking system the bonuses for lucrative deals are as plentiful as ever and frank said to see the regulations relaxed even further the show must go on. out townsend has lived through it all he's been driving a taxi for fifty four years chauffeuring b

historically real fur was a lwa ys want.h more expensive than fake fur so it wasn't really happening but now i rather fear it will carry on happening, and that is why we wa nt on happening, and that is why we want this action taken. london bbc, sky, the humane society, they have all brought information to us, so it has been a good inquiry but now we wa nt has been a good inquiry but now we want action. the government has said that as a member of the eu it is not possible to bring in extra restrictions to the fur trade but brexit is not the trinity —— brexit is an opportunity. now they have said they will closely looked at it. that is not the same! having chaired a select committee for lots of yea rs, a select committee for lots of years, you have got to keep going, and we want the government to have a consultation with the public to decide whether we want a complete ban on furas decide whether we want a complete ban on fur as well and we also want better labelling. products from an animal origin, that is what is talked about

this is "bloomberg real yield." jonathan: coming up, solid payrolls growth shows there is still more room to run for america's labor markets. shots fired in the u.s.-china trade standoff, newly implanted trade tariffs hanging over investor sentiment, and trade-off brings one more use to flatten the curve. the flattest since 2007. we begin with a big issue, another solid payrolls report. >> i think this is a very solid report. >> that was pretty encouraging. >> a great jobs report. >> certainly a very good jobs report, no doubt about that. >> it would look like it is bad news when the unemployment rate rose up. but if it goes up because people are quitting their jobs more and heading back into the labor force, which is really what we saw in the data, it is a really, really strong market. >> it is an all-around good news story, at least for the near term. >> this won't change the fed to change course by itself. a few more reports in this direction, if we do see a wave of people coming back to the labor force, i would

last of the real ones ♪ ♪ you're just the last of the real ones you're just the last of the real onesg star with tunnel vision but only for you but only for you ♪ ♪ my head is stripped just like a screw that's been tightened too many times ♪ ♪ when i think of you when i think of you ♪ ♪ i will shield you from the waves if they find you i will protect you i will protect you ♪ ♪ just tell me tell me tell me i i am the only one ♪ ♪ even if it's not true even if it's not true yeah ♪ ♪ 'cause you're the last of a dying breed write our names in the wet concrete ♪ ♪ i wonder if your therapist knows everything about me i'm here in search of your glory ♪ ♪ there's been a million before me that ultra kind of love you never walk away from ♪ ♪ you're just the last of the real ones you're just the last of the real ones ♪ ♪ you're just the last of the real ones you're just the last of the real ones ♪ ♪ you're just the last of the real ones you're just the last of the real ones ♪ ♪ you're just the last of the real ones ♪ ♪ i'm here at the beginning of the end oh the end of infinity with you ♪ ♪ i'm

real spring water, real fruit flavorshi and refres bubbles. just what's refreshingly real.ping, a running ahh.k,) the new deer park sparkling is made with real springater. ♪ it's so refreshing and delicious, you don't ne. slo-mo models to sel real spring water, real fruit flavors and refreshing bubbles. just what's refreshingly real. [captioning made possible by warner bros. domestic television distribution] today on tmz. >> happy fourth of julyeverybod. [laughter] [applaus >> here is what we are doing today. pantyhose. ok >> i theremoney at the bottom. it a head-to-head competition t where you have tthe money out but you can only use one hand. you can't use other parts of your body. the fipersget trso wonins. >> the person who gets the money i will read a clue and if you can tell me who the celebrity is at the basis of thetory - you in campana. ready? go! >> you are cheating. >> how is that cheating? >> oh my god.

real spring water, real fruit flavors and refreshing bubbles.w justt's refreshingly real.cy y16fy >> ♪ >> two breaking newsri sto. stormy daniels arrested a strip club. what she's accused of and reaction from her lawyer. >>> the founderapfa johns pizza resigns overnight after admitting to using r aial slur. >>> rattling nato. president trump hasor harsh word one of our core allies as he wrap final day at the nato t summit. >>he hot seat.le embatt fbi agent peter strzok will be grilled on capitol hiller today. lawmak are investigating bias at the nation's to that agency. this as the president calls outzok's lover for dodging a subpoena to testify herself. >>> fox5 morning at 5:00 a.m. starts now. >> ♪>> good morning to you. thank you for joiningss. >> it' thursday. it'suly 12th. we're g you're with us on this penulmate day of theweek. how about that. mike andri e are with us thisle t's talk a little bit about this pretty great weather we're having. >> ladies good dorning. another gray here in d.c. honestly i don't have much to say. ow humid, temperatures in the upper 80's.

you would not do in the real world. experience that you did in the real world which was you did it and you went home could not and you look yourself in the mirror, and you were embarrassed to be in the same room with your kids, you did a thing that was so horrible in the real world, these are the things i think people should avoid in v.r. if there is a behavior you are not going to be prodded of yourself are doing because the rain treatsain, the b this activity in a similar manner to if it were real, these things stay with us. there is residual effects of these experiences. i do not tell them what those experiences are, we need to decide this for ourselves, but my advice to people is if there is something you would feel bad about yourself are doing, let's not do that in v.r., save that for the traditional 2d interface or reading a book or movie. but if you're going to be doing it with your body, let's keep things that are not going to keep us awake at night. experiencelso in on-demand talk about the effect that v.r. cou

the image where the video is real and the audio is real and it exposes something wrong and the person has the shamelessness to deny it. this already happened. how much more room is there to deny the evidence when people have been pounded with the message by us? beware of deep fakes because the picture and video can be manipulated. it is the cry of deep fake news. getting people to be on guard .>> we will push a little bit more and release. let's get this. >> how bad could this get as you have thought about this? >> i think you have got two sides. it is total opposite but it exists together. on the one hand, nothing is believable. the liars dividend and i believe on keeping it. is incredibly hangul -- humble but nothing is believable and everything we get to say. there is no truth. we have really done incredible description -- disruption to each other. deep fakes is damaging. that is the kind of thing that we say i believe that. gender stereotypes. for a woman you see the sex tape and you think she is available and i am not going to hire her. it is costly but at the same time culturall

last of the real ones ♪ ♪ you're just the last of the real ones u're just the last of the real onesthe thing that i believe ♪h, ♪ou drain all the fear from me ♪ ♪ i'm done with having dreams the thing that i bel the thing that i believe ♪ ♪ 'cause you're the last of a dying breed write our names in the wet concrete ♪ ♪ i wonr if your therapist knows everything about me i'm here in search of your glory ♪ ♪ there's been a million before me that ultra kind of love you never walk away from ♪ ♪ you're just the last of the real ones you're just the last of the rl ones ♪ ♪ you're just the last of the real on you're just the last of the real ones ♪ ♪ you're just the last of the real ones you're just the lastes of the real on ♪ ♪ you're just the last of the real ones ♪ [ cheers and applause ] >> seth: fall out boy, everyone! "mania" is out now. [ cheers and applause ] for dates, go to falloutboy.com. we'll be right back. [ chee and applause ] [ cheers and applause ] >> seth: my thanks to amy poehler.fa out boy! [ cheers and applause ] nate smith and of course the 8g band. stay tuned for cars

i didn't know anything about real estate. i always would see the shows on tv and i just never had anybody that was there to teach me or educate me. and there are so many components that i was nervous about or i was afraid about. i didn't know how to walk into a property and know how much it would cost to renovate it. all the tools, systems, resources, than provided me answer all those questions. they took all those insecurities and threw them out the door for me. i think back at my confidence level and being a single mom with a two-year-old little girl. i did things that i never thought were going to be possible. i wasn't just learning how to flip a house, i was learning how to have belief in myself when i didn't have it. - people often ask me, than, why real estate and why right now? well, you've probably already noticed what's currently going on in this country is very scary. most americans are living paycheck to paycheck. whhlthe old idea thatth on in thi you work hard andscary. people are frustrated out there working hard

this is a real challenge. one that at a minimum, facebook has identified as continuing, but this is the tip of the iceberg. this activity is continuing, if they're able to find a few scores of accounts to take them offline, on the one hand, means they're getting better in trying not to get caught flat footed. on the other, we don't know how deep this rabbit hole goes. facebook got caught before. they were only able to identify these sort of accounts after the fact. and it's undeniable these sorts of accounts, they're probably getting smarter. so while we know facebook is maybe able to find activity that looks like what they saw before, it's not clear they're able to find new activity. getting more sophisticated and using new tactics to get more followers. >> you said facebook is not linking this to russia. does that mean they're saying it's not russia or just not say ing it is? >> we asked the chief operating officer exactly that question. how what kind of influence are you seeing ahead of the midterms. is thi

this is "bloomberg real yield." ♪ ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield."to head to the auction block now, where more than $240 billion of treasuries were offered this week. i want to focus on the $30 billion sale of seven-year know it's can mother had the lowest yield in three months, when they beat the cover ratio of 2.3, weaker than the last seven-year note sale. meanwhile, in italy, the country had its first auction of five and 10 year debt since the new populist coalition took office. the sale posted a bid-cover ratio which was the lowest in almost a year. even with the yield on 5-year bond's, there are the highest in the eurozone. and russia, the country is on track for its biggest bond issuance in years. it sold half of the seven billion dollars it wanted to borrow this quarter. that is the worst result since still with me around the table, 2015. priya misra, bob miller, and joining us from dallas, texas, is mark okada. let's get to the story of treasuries so far this year. we have seen the call from goldman sachs, which is basically -- fold the big

we want to establish that it feels real. if you're unwilling to step on the plank as most of the people come to the lab are, once i've sold you on the idea that so real that you're not willing to step on a fake plank then we can have a real conversation. can it change attitudes about racism and climate change in these really hard topic that you have to experience to understand. >> what was mark zuckerberg's reaction to walking the point. >> generally only bring people in, he was super high present, he got it, he completely understood the benefits. most people put it on his a whilwow, i didn't think it was to be that way but he really got it. >> you talked about climate change and empathy and virtual reality. let's walk and see. how do you see it making us more empathetic human beings? our research since 2003 we been melding to theories, one is a theory called the contact hypothesis and the others called body transfer. what contact hypothesis says, if you take people from different groups, blacks and whites in the 60s and you

mark: it just got real for real major it.eir head coach last month, they were dealt another blow when cristiano ronaldo ended his nine-year legacy. bloomberg's maria -- not everyone in italy is clapping. not everyone within -- dark of we have to keep in mind that the family is one of the -- >> we have to keep in mind that the families one of the richest. now we know he is joining an italian club, 100 million euros. we do not know especially how much is going that he is going to be making, but we understand it is 30 million euros. it is more than what he was being paid by real madrid. he just wanted to leave real madrid. he was unhappy, and now there is a tax code -- tax probe coming up. a you are prepared to $100 million, you could pay more. i guess you are hoping that with run all the there, that's that roan although -- ronaldo there, sales will go through the roof. maria: exactly. he is one of the best players in modern history. real madrid is not, but he is a five-time player of the year. it also it is the fact that is a c

we're going to bring people together, and we have real solutions. and these solutions are responsive to what you're dealing with in your life. half the country that can't handle a $400 surprise expense. whenever we think of a policy we want to put forward, we should be saying to ourselves what does this policy do for those people. and that's the opportunity with the work that will and his team is doing and other democratic groups who are focused on the center intellectually, focused on the policies that are really responsive to what's actually happening in the world and where the future is going. and putting forth these policies in a way that can actually build a big coalition. because when i listen to what people who pride themselves as being strong progressives care about and i compare that to what i think people who consider themselves centrists focus on and when i compare that to what i think a lot of independents in this country talk to me about and when i listen to what people who are disaffected -- they're republicans, but they're disaffected

real spring water, real fruit flavors and refreshing bubbles. just what's refreshingly real.work. which means you get phenomenal capacity for your tech. we'll even help you get another device to put it to the test. right now, get $200 toward a range of google and nest smart home devices, plus the fastest internet available, plus up to 200 tv channels, plus phone, with a 2-year price guarantee all for $79.99 per month with a 2-year agreement. go to getfios.com to switch today. 100% fiber-optic network, 100% phenomenal. [ cheers and applause ] ♪ >> jimmy: our next guest stars in the acclaimed broadway play, he boys in the band" through august 11th. he also hosts a new teon series, "in search of," which airs friday nights at 10:00 p.m. on history. pleaseelcome, zachary quinto. [ cheers and applause ] ♪ >> it's always great to be here. jimmy: that we love having you on here. congrats. >> thanks. i'm sorry i beat you. i'm thrilled i beat you. >> jimmy: oh, my. yeah, you didn't even beat around the bush there. yeah. are you good at games like that? >> i love games like that. >> jim

this is bloomberg real yield. ♪ >> this is bloomberg real yield. want to head to the auction block where more than $240 billion of treasury were offered this week. i want to focus on the $30 billion sale, the lowest yield in three months. a ratio of 2.53 which is weaker than the last 70. in italy, the country had its first auction of five and 10 year debt. the sale posted a bid to cover ratio, the lowest anomalous the year. their five-year bonds are the highest in the eurozone. after greece syria russia is on track for its biggest bond issuance miss, they sold half of the money that wanted to borrow. that is the worst result since 2050. priya, bob miller, and mark okada. priya, i want to begin with you. basically just -- book your trade, book your products. i'm cynical for -- book your profits. i'm cynical for morgan stanley. whether you think we have seen the high of the u.s. 10 year? >> high for the next few months probably. not high for a while. we are in a to 6310 type range. at 285i think the pricing is in some of the wrist. the u.s. economy i

this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield."ive from j.p. morgan asset management. chinese assets ended on good footing. central banks moved to weaken daily currency fixing, the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager at j.p. morgan and still with me michael -- -- bob bob michele. with what is happening with the currency policy, things have changed. what the chinese are doing is the right response. what we have seen is they stepped back from the currency. they are willing to let the trade determine where the is. -- they areg to willing to see where the market is pricing it. that is a good response. for the pboc it is the right thing. they will allow some banks to invest again and ease regulations. liquidityo redo track -- they are trying to redirect liquidity. the chinese are having the right response. jonathan: there are many ways to look at the giants -- chinese currency. when you look at it, what story do you see? lisa: i think the dollar and the currency is

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real economy it's not making the you a current u.s. economy at all so my question is when you talk about real economy how about wages we don't see much improvement on wages despite the good economy and workers' shares of income are getting smaller over the years what about that all of that that's a direct extension really of of this phenomenon that that capital is going into the financial markets whether it's coming from domestically or whether it's coming from internationally. and that capital is being is to elevate a certain perception of the books of corporations but it's not being used to give to the employees and therefore the wages are not increasing excellent nomi prins author of collusion how central banks rigged the world thanks for joining us appreciate it no me. thank you. time now for a quick break but stay with us because when we get back to holland cook and steve walz help us sort out what all the media merger madness means and we have to the question is local media on its deathbed danielle be more to you know to the c.e.

you're a real pal. - butters, it was my pleasure. [humming "night show" theme] ♪ - hi, mom and dad. - don't you "hi, mom and dad" us, you little punk! thwack! - oh, dad! - you don't even know the trouble you're in, mister! - what i do? what i do? - do you think you're tough now? answer me! - oh, man, if i was older, i would totally start jacking off right now. captioning by captionmax www.captionmax.com >> from comedy central's world news headquarters in new york, this is "the daily show" with trevor noah. ( cheers and applause ) >> trevor: welcome to "the daily show"! thank you so much for tuning in! i'm trevor noah! it's going to be great! our guest tonight is msnbc anchor and enemy of the people, andrea mitchell is here, everybody! ( applause ) we will be chatting with her about why she chooses to be an enemy of the people. first, catching up on today's headlines. every day we hear another story about someone calling the cops on random black people. turns out it happens to famous black people, too. >> actor ving rhames is in the n

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real economy it's not making the you a current u.s. economy at all so my question is when you talk about real economy how about wages we don't see much improvement on wages despite the good economy and workers shares of income are getting smaller over the years what about that all of that that's a direct extension really of of this phenomenon that capital is going into the financial markets whether it's coming from domestically or whether it's coming from internationally. and that capital is being is to elevate a certain perception of the books of corporations but it's not being used to give to the employees and therefore the wages are not increasing excellent nomi prins author of collusion how central banks rigged the world thanks for joining us appreciate it no me. thank you. break but stay with us because when we get back to holland cook and steve walz help us sort out what all the media merger madness means and we answer the question is local media on its deathbed plus danielle de martino who the c.e.o. of will intelligence help us