the fact remains, the rich pay too much in taxes. can see that wisdom in that argument but it suggests that whatever trump is for, they are against and that's not really a good way to chart your course as a political party. >> and, middle class and most wage owners, probably would either increase or kept current the rates for wealthy people. that's what democrats would have done. >> so trump rates taxes on the rich. i'm not criticizing you for that, i get it. you are just not acknowledging how we are at this moment is. >> overall, talk to your friends, you are in new york. go up and down wall street and asked them if they are paying higher or lower taxes. notwithstanding the local state deduction issue, most of them got a huge tax benefit. >> did you ever think you would see a moment or the democratic party defended the dignity of hard-core pornography? whenrd rudy rudy giuliani impud stormy daniels, the left side there's nothing wrong with that, but did you ever think that we would get to that point? is there a huge consistency of p

money by lending it to others who are using that to lend it to others as noble system that lets the rich become even richer savers on the other hand are losing billions every year thanks to no interest rates. and on if you just open a savings account it's almost like burning money. this deluge of money. he has created deals worth billions companies are bought and sold for vast sums because the lanza cheap the employee become the pawns of the speculators. is that the question is where's all this money going to go. ahead. where in bad borden doff in western germany this couple faces the same dial m.r. as many others what to do with their savings in this world of low interest rates karl-heinz a recently retired court bailiff knows all about money and debts his life insurance policy is due to payouts in how should he invest the money in a house they've already got one. there's a lot at stake for the cycling enthusiast he and his wife want security in old age as well as a good time. off i was hoping that off to the payout i'd be able to invest the money again and earn interest which could be

by lending it to others who are using that to lend it to others and snowball system that lets the rich become even richer savers on the other hand are losing billions every year thanks to lower interest rates. and if you just open a savings account it's almost like burning money. this deluge. of money has created deals worth billions companies are bought and sold for vast sums because the land's the cheap the employee become the pools of the speculators. i guess the question is where's all this money going to go. ahead. in. the end. we're in bad bowden doff in western germany this couple faces the same dial m.r. as many others want to deal with their savings in this world of low interest rates karl-heinz a recently retired court bailiff knows all about money and debts his life insurance policy is due to payouts in how should he invest the money in a house they've already got one. there's a lot at stake for the cycling enthusiast he and his wife want security in old age as well as a good time. off i was hoping that off to the payout i'd be able to invest the money again and earn interes

kind of ideology in france or with about assimilation and the rich and but this doesn't work because what is important in france it's to talk about differences because if france is strong today it's because of his difference is big because of firm the people who is coming who are coming from everywhere we cannot deny today that if there is there is a african black. african french or international team is because of france it's because the story in france france invaded africa years ago this is from go to the least we can talk about that but still we can say that yes they are french but we have to talk about their origin to it's very very important dutch foreign minister stuff bloc has faced a storm of criticism after saying that there is no such thing as a peaceful multicultural society and. it's a little good. for her. to. steal something. from her out of the stamps are. already being. held off. the shelf. or. the minister also dismissed the former dutch colony suriname as a failed state to due to ethnic divisions refugee groups and politicians alike have expressed dismay over block

of offices here this is where the money of the world's rich is invested. in this of it you know is the scene well there are neighborhoods where millionaires are being pushed out by billionaires but this of it is fighting against a sell off of the city of london to speculators together with colleagues he has researched the anonymous owners of several properties as a former banker he's familiar with price developments. will easily use houses and again the coming on the saw is it's difficult to say how deep they are but anywhere between three to five maybe five to seven million on this on this but in this particular area five to seven million pounds now you think about news houses this is a family place think about what kind of family can afford to buy a house for three to five even for five to serve seven million pounds. the expensive houses are all speculative objects and empty london belongs to investors who don't live in the city woman boris of age discovered that this town house was sold to a ukrainian billionaire for sixty six million pounds. on paper t

rich: they're here to get their royalty check. lemonis: do they stay for a day and work on your business and help you? rich: no. we put $175,000 of our own money into it. we just gutted this entire building. lemonis: so, you put in all this equipment, the floors, the ceilings, the whole thing. sasha: everything. lemonis: $175,000's a lot of money to invest without getting support. sasha: yeah. lemonis: after visiting a number of the locations, it's obvious to me that there's no system, there's no process, and there's no consistency. it's a bigger problem than i thought it was gonna be. you know, it's a lot to take in here. i'm a little disillusioned by what i thought i was coming to invest in. i thought there was a true franchisor/franchisee model with a parent company on top that had franchisees underneath them that were successful, and that i expected to find a lot more authenticity. and, really, what i feel like i've come to is a nice concept that feels a lot more like a startup to a franchise than it really is a well-oiled fra

it is notjust limited to the rich and well travelled.of tip credits and as the governor of new york considers doing the same many restaurant workers have left the dining room and pulled out into the street. i never know how much money i go home with, no matter how hard i work top even some restau ra nt matter how hard i work top even some restaurant owners are backing the proposal. they will do better work when they are not worried about putting food on the table at home. but many believed tipping attitudes can change if they know waiters and getting paid more. this is how the market is fed across the world... are broadly lower close for the us market. friday's losses ought to be prompted bya friday's losses ought to be prompted by a disappointing round of earnings and also concern about us — china trade tension. that is it from me, thank you forjoining us. this is bbc news the top stories this hour: a relief operation is underway on the indonesian island of lombok, after a powerful earthquake killed at least 14 people and damaged thousa

continuing our conversation with nathaniel rich. you write at one point that the american petroleum institute, in the fifties and sixties, they were conducting their ow research and coming to the same conclusions that the scientists were and you also point out that even the a in 1974 had written chreport looking at climate ge basically as a national security threat or a global security threat. >> by the mid fifties, you had top government scienngsts speat the issue, you had major articles in life magazine and time, so it wasn't just industry that was followinthit. it was ahighest levels of government, lyndon johnson sent a special message to congress in 1965 that discussed the problem so the idea that we have only understood it in recent years is one of the worst examples we have of the cultural amnesia of this country and especially around this issue. >> sreenivasan: one of the meetings you describe in great detail starts t get to the same changes we, challenges we have, you see people trying to water down language, not wanting to

you don't get that tan by hanging out in the south of france my friends the rich and various backgrounds of these play is a reflection of france's diversity but cooling them an african team it seems you will do knowing that frenchness this even in just legitimizes the ideology which claims witness is the only definition of being fridge. trevon i have sought to clarify his earlier comments although he did not offer an apology you've seen or played i love them paul pogba. i watch all of them like i love those players and i love how african they are and how french they are don't take their french as a way but i also don't think any take an african as a way out human rights activist named video believes that it's important not to ignore people's origin what the french ambassador is saying you know he's starting about some kind of i delegate in france or with the about assimilation and the rich and but this doesn't work because what is important in france it's a talk about differences because if france is strong today it's because of his difference is big because of term the people who is com

the corporations and the rich. wow. i'm not describing the s soviet union or some fanty or some impossible dream. i'm just describing american histstory, and not soso long ago, either. wow. just to drive it home, roosevelt--how did he actually do this? he was very courageous and clever. in the midst of world war ii, to make this point really strong, he proposed a novel income tax. here's how it would work. above a certain levevel--and the levelel in thoe years was $25,000 a year-- the income tax rate that would have to be paid is----presiden's proposal--100%. that's right. $25,0,000 a year would become a maximum income. you know how we h have a mminimum wage? this would be the maximum income, the other end. the republicans, predictably, went crazy. and they fought and they yelled, and they reached a compromise. and the compromise was that above the top, the highest rate, the richest americans would henceforth have to pay 94%. the law signed by the president. if you were rich in the 1940s, every dollar over the top limit

this kind of extreme situation the only place you can get the money from to keep going is the very rich and that begins the kind of slide down towards becoming more normal and becoming more equal should say of course those. who disagree is going to make poorer you say there's a myth going around in british public life about who voted for breaks the myth is that it's a working class of dissipated working class votes up and voted leave but only about a quarter to leave out the social class d.n.a. the majority believe it was middle class a.b.c. won the majority was in the south of england working class people much more likely not to vote whereas middle class people particularly older middle class people voted and your typical a voter was a conservative told me he wasn't to h. but wasn't particularly poor living in the south of england who had watched as far as they're concerned and then write a country slowly fall apart and their own children and their grandchildren been unable to buy a home start a family they. everything they've been told to do and yet they were looking at the mostly fut

if there is one sort of core idea in the democratic party, it is that the rich don't pay enough.he tax bill makes them pay more in certain places on the east coast and new york and new jersey. and they are suing him for it. how does that work exactly? >> i think the core economic value of social and economic justice. i think the feeling that most of these tax cuts went to corporations and, most people, the wages are flat. >> is not a minor keeper of te democratic party and that only affects rich people. they are angry that that the rich are getting soaked. >> the truth is, what the tax bill did was go after blue state's wealthy people. that's what i did and invariably it hit states like new york and new jersey. >> the fact remains that the democrats are arguing. but it is suggest that whatever trump is for, they are against. >> i think that's actually a distortion. had they been in charge of congress would have been legislation that would have indeed lower tax rates for middle-class and most wage earners and increased or kept current the rates for wealthy people >> i'm not critic

no it is a rich person it's like throwing gasoline on character problems and psychoses in the rosies of wealth just makes it worse so some people adapt to walls quite well many people don't and a wealth of self is not a panacea it doesn't cure stuff for people it can cause as many or more problems then not having wealth i mean that's something that is not well understood but nevertheless in the first article i was talking about there the united states of inequality what they found was that savings aren't isn't much help to the average american a third of americans have no savings at all and another third have less than one thousand dollars in the bank little wonder the family struggling to cover the cost of food alone increased from eleven percent in two thousand and seven to fourteen percent or forty eight million americans and twenty fourteen with that you see forty eight million americans. forty eight million have a problem putting food on the table this is a big headline i think will have an impact on twenty eighteen and certainly twenty twenty jeff bezos becomes the richest man

, when you tax the rich, what do they do? they sue to stop it. and a growing number of moderate democrats stepping up to oppose big government socialist ideas, now raining mainstream in the democrat party,a former democrat president joins that bandwagon, we have that debate. and top democrats boostin boost- blasting back saying these guys are going to hit you and your wallet really hard, thank you for watching. this is the "evening edit," i am elizabeth macdonald. we start right now. liz: fou dow finished higher. it is blue chip index's sixth day up in a row. a second round of fact cuts possibly coming in september from the republicans, we have a new line of attack from democrats. remember when they were ripping to tax cuts saying they would only help the rich. >> full of tricks for middle class, and treats for wealthy americans. >> devastating and immoral budget to fast track their moral tax plan to hand trillions to the wealthy while raising taxes on middle class. taxes will be raised on middle class families. >> wealth wea

mind for text but ignored for its rich and human historic meaning.ldren are not learning to think historically as part of their fundamental education. as a part of their way to see the world. the range of the history we teach in space and in time is narrowing. now, this is a profound loss to our students, our schools, our communities, our states and our nation. history teaches fundamental facts taught nowhere else. and by facts, i don't mean the list of presidents. the fact that people i meet on airplanes always think that history teaches. here are the facts that i mean. the world has not always been this way. and it will not stay the way it is now. people of all kinds move history in ways both terrifying and inspiring. true knowledge of history is based on evidence, not political convenience or wishful thinking or national vanity. there are no more important facts than these. no knowledge more important for all our students to share. so given this undeniable value of history, how did we lose it in the schools? how did we diminish something that ever

thank you, rich greenfield. both stocks lower, disney down by half a percent, fox down by 2/10 of 1%. private equity seeing evolution with record levels of fierce competition. zero-sum game for winners and losers, apparently. let's get to add hammond. he has a key voice on the current environment. ed: thank you. i am joined by allison from goldman sachs. thank you for joining us. here is where i want to start. the market we are in is a historic bull run. that presents different challenges for different industries. the one i see for private equity is you have record levels of -- capital and opportunities to employ capital are getting fewer and more expensive. where are we heading? allison: they get for having me, ed. you are right. you are correct, there are record amounts of dry powder into we estimate over $600 billion of dry powder for private equity firms alone, and it is not even count the emerging pools of capital, the infrastructure fund, family office. and those emerging pools of capital are becoming more

the gap between poor and rich is vast.he buffet david hertz and his crew prepared was for a meeting of the world economic forum on latin america earlier this year. 700 politicians and business leaders munched on finger food made of scraps and rejects, prepared by the young cooks from poor families. they made culinary treats fit for the rich and powerful. the message is, good food does not have to be expensive. david hertz also wants to provide direct aid to people in need, to the homeless. david: one of our dreams was to be able to send food to shelters. but because of allll e legislation, we are not able to do this. but we hope in the future we can also change the laws. reporter: these young people show that social gastronomy is a movement that is gaining momentum. host: and now we head from brazil to southeast asia. in 2016,6, myanmar's 5 50 yearf military d dictatorship officiay came to an end. the economy is now growing and foforeign investmement is on e risese. but t so far, mostst developmt effoforts have beeeen limi

or something i want to be rich. but you going to be for us this is what before three in the morning can't be good. i'm interested always in the waters in the. question. thirty two teams sixty four games of finally concluded the free for all cup huge congratulations to the french national team they get a second gold still on those famous blue shirts commiserations to croatia that i don't think i will be back soon a fine you see. this is the same in england football without fans is nothing and that's very true and coming here to russia there was a lot of trepidation particularly in a lot of the western media england germany france. about what was going to be a lawyer when they're going to be russians white scene for european football fans with really cold halts and called cold faces the opposite sap and russia has embraced this tournament quite incredibly it's people have the right in to now up watching us film this guy doing here they're just very polite into their football and from day one when we met at the club ju

this is rich shots on serena's neighbor who's just dropped in. you know let us work together go. forward we're looking for her divisive who woke up who. looked into our africa. when they're in a convertible there's. just going to see what you have to be like most time on women on serena is well a part of a which gives you to do the yes it's business yes in the future. because if you. never. knew that you are going to go. through. your business this is what an ordinary time on software engineer looks like rashad keeps chickens ducks and sheep and he's recently built a big house. his parents live with him it's in fact the only thing rashad doesn't have is a wife and when he finds one she must be from crimea. bishops' taken his aunts to crimea because the promise to set him up with a nice girl. if. that's not the time and it's about the must go with that what's not there's damage what about me and she was. up there such that is just not stuck . in what i know very well what's there a construction site. this might just look like a simple piece of metal but it really has an important

rich connection between each other even genetically if we be talking about the you know the genes then we can we cannot see how the queen because the other german d.n.a. rule in england for the last five hundred years this is the blood come from germany so the blood is not the issue the issue is how we accept each other and not to fear from each other so this is the issue we need to talk about why the dutch is fair from other multicultural society to get down and to understand is not the issue or if it is from africa is poverty is the issue of or for he doesn't understand the law or the rights of his his existence in europe what do you think of that luke is that all it is at the end of the day it's fear of a language you don't understand religion we don't understand is it is it just divisions. and fear. we import misery we have a social security system which is based on the contribution of everyone and the problem is that the millions that come to europe never participated they never contributed and they come with families look at the ship that the talents refused to welcome and that h

for is almost the new rich. and sad. when i was watching the television and seen that they could make my life better if i went to their school. soon as he has of the phone was hired how are you this is my name's terry winters i'm you know i'll be the one to answer any questions you have. so he basically asked me if i would be interested in coming out to the school and looking at the campus and seeing what programs i had to offer said that he was a graduate there that i should come check out the school when he walks through the school they have different things on the walls of jobs i could qualify for with the degree but they're not actually telling you the full details of everything and that they don't tell you that there's an arbitration clause that you can't sue the school whether individually or through a class action suit don't really know that you're getting into a predatory lending type of situation because they don't educate you to that they gloss over the financial aid it's very quick and you just initial and the

few places on earth offer the rich history and cultural diversity found in new mexico. native american culture has been present here for more than 2500 years and it is home to 22 native american tribes. their history iselle rated today as well as many other cultures in new mexico in our museums, in dances, music, our arts and crafts, the very many languages that are spoken here and our traditional villages. to 850 a.d. and it -- it is one the of 20 world heritage sites and is the best representation of the first ever created in new mexico. culture arrived in the state in the late 1500s contributing over 500 year hispanic influence to new mexico's way of life. the traditional spanish market .isplays this influence i hope you have had an opportunity to experience and something we are very proud of here. and we are home to the national institute of flamenco and many other things like the spanish market which displays this influence in our state. the strong culture is found in every aspect of the state from the food and -- to the architecture and art. new mexico is known as

in the oil rich city of basra like across the country security forces are on high alert they've used water cannon and tear gas blocking protesters from storming the main provincial government building. with growing protests people have recorded an internet shut down and disconnected telephone lines without going to see those who assault the institutions of the state and the security forces and its investments to disrupt the aspirations of the people here should be held to account. unrest has been simmering over the past week against a backdrop of political instability following maze contested an unresolved election results protesters have blocked roads and burned tires. and in the city of najaf they stormed the airport and the ruling party's headquarters security concerns led at least two major airlines to suspend all flights to that city. the acting government says violence will not be tolerated responding to the protests or acts prime minister hided all a body has promised to invest three billion dollars in jobs housing and services. but the people of iraq are whose impatience. but

they made cullen a retreat fit for the rich and powerful. both of whom are. heard . the message is good food doesn't have to be expensive. david heads also wants to provide direct aid to people in need to the homeless. one of four dreams off to be able to stand for the shelters but because of all the legislation we were not able to do before but we hope in the future we can also change the laws . these young people show that social gastronomy is a movement that's gaining momentum i thought. here it was. yellow. here. and now we head from brazil to southeast asia in two thousand and sixteen million miles fifteen years of military dictatorship officially came to an end the economy is now growing and foreign investment is on the rise but so far most development efforts have been limited to urban areas like the country's largest city young gone. in rural areas meanwhile people live in extreme poverty and many a willing to pin their hopes on anything that might offer them a way out of it could kids early. morning in mid lock. the smell of the oil and diesel hangs in the a

i'm here to get rich at some point i want to live a happy life without any worries. said men who crossed the oil from a depth of around four hundred meters. no one thinks about workplace safety standards here this is a world living by its own rules. the authorities just turn a blind eye and have done so for decades. the problem is the oil is getting harder and harder to find. i can only work for a few hours a day because after a while we only get water out of the ground then we have to wait until the oil draws in again. works for another oil farmer who sells the black gold to refineries nearby. but the twenty one year old would like to be his own boss one day. and oil drill is really expensive even a used one costs about a thousand u.s. dollars i'll probably have to say for a while but the job here is ok it's much easier than field work. life here is a rustic bit like living in the wild west during the gold rush. makes do cooking for her small family on a wood burning stove. although a proper kitchen would be nice she says like the ones on t.v. . but that's a dream s

i've been saying the numbers mean something they matter to us as a rich one trillion dollars in debt more than ten thousand colored timestamping each day. eighty five percent of global wealth he longs to be ultra rich eight point six percent market saw thirty percent rise last year some with four hundred to five hundred trade per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one business shows you can't afford to miss the one and only. back facebook has blocked the accounts of hundreds of rightwing activists in brazil it's part of their campaign to tackle fake news the move those caused outrage in the country many are claiming facebook is clearly interfering in the upcoming presidential elections for later this year the head of the rightwing free brazil movement says the tech giant's decision to block the accounts came as a surprise is our facebook justified its decision these pages and profiles were part of a coordinat

the growing poverty united states and what seemed to many people some obscene numbers separating the rich and the poor the have that has not said as we say with all of this information and data being delivered revealing the staggering level of poverty in the country we may need some help to break it all down and put it into the proper perspective and in that regard we are fortunate and honored to have just such a person joining us now is a presser economics america's at the university of massachusetts and her father richard will professor we're very pleased to have you join us again thank you bob glad to be here so let's start with a benchmark i mean you teach classes and look at these sorts of things all the time has come in the quality always existed in the u.s. . the answer is simply is yes it has our economic system and there's no nice way to say this our economic system capitalism is at least as efficient in reproducing poverty as it is in reproducing wealth it has tried over and over again to say that it is confronting the problem of poverty but if it's true that it did so it failed

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rich boyfriend nick.s from this world that rachel isn't -- and that's hardly nick's fault. >> that's ridiculous. much more of a harry. >> keep your eyes on aqua feena. we're calling her one of the stars of the summer. she's also one of sandra bullock's criminal crew in "ocean's 8." >> can i get my watch back, please? >> sorry. >> aquafina and all the cast are embracing "crazy rich asians'" diversity. it's been a decade since a predominantly issuesn cast has headlined a big hollywood movie. >> you think about 25 years, that's an entire adult life that i grew up seeing representation, and it's about time i think. >> yellow on the outside, white on the inside. >> you so crazy! >>> coming up, tom cruise on the "top gun" sequel set as we uncover a blast from the past. tom's a-list premiere date. >> you'll have to see it, won't you? >> then we are on the set of "bumblebee" with john cena. how his transformers movie is completely different than the rest sxwlp dined kind of hit the reset button. >> jennifer garne

the players are too rich and the owners are too rich. i think my source from the nfl said.ine the owners are scared of the players and media branding them as old, rich, racist white guys. >> juan: was your source donald trump? >> jesse: no. >> greg: mascot for the red skins? >> juan: no. that's the washington football team. >> jesse: that's right. >> katie: nfl preseason starts august 2nd and regular season starts september 6th. they don't have long to figure it out. moving along to a different sports arena. now you can cry foul and unruly parents who go bonkers at their kids' sporting event. find out how next ♪ ♪ we can dance ♪ everything's under control ♪ we can dance ♪ we can dance ♪ ♪motorcycle revving ♪ motorcycle revving ♪motorcycle revving ♪ motorcycle revving ♪ no matter who rides point, ♪ there are over 10,000 allstate agents riding sweep. ♪♪ and just like tyrone taylor, they know what it takes to help keep you protected. are you in good hands? a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we crea

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has made as rich this country. just after eight am here in moscow. just as the dust settles. in helsinki the white house dropped a bombshell inviting the russian president over to washington. and reports on the latest from the white house. in helsinki president of the united states agreed to ongoing working level dialogue between the two security council staffs president trump asked john bolton to invite president putin to washington in the fall and those discussions over ready on the way we have the announcement from sarah huckabee sanders the white house press secretary this comes in the aftermath of quite a bit of media hysteria in response to donald trump's a meeting in helsinki with the russian president if you look at time magazine or the new yorker there's been quite a bit of hysteria in u.s. media now in recent comments the russian president has actually warned the world about the hysteria in the us media and about you know forces that would push false narratives about the meeting in helsinki to advance their own political gain. there are forces in the us ready to eas

and really rich people in russia. the world that i come from, nicole, it's about the nexus to the intelligence services and the government. you're allowed to become rich in russia. you are inexorably linked to the hierarchy of government. if you look at the people charged in the first russian indictments mueller issued in the social media propaganda initiative, you can see the connections directly to putin through the oligarchs and the money being used to stage and set up the operation and deny plausibility to exist to allow putin say those are rich people doing some things. that's not our intelligence service. that's horse ma nur. the linkage is well established between the oligarchs and the government and intelligence services. that is important for us to remember. >> and we came in this way, jennifer, today because there is always a cause and effect. as unhinged and deranged as the twitter feed of the president of the united states now appears, there may be a link between what we've been talking about and the tweet

rich: at this point it is mostly questions from our customers.ey think about doing something slightly different, we make sure that the solutions we create will help them be more efficient in their supply chain will work when they make adjustments to their plans. the actual numbers, if you look at the international business, exports group is -- exports grew in this quarter. seeing direct impact. but it doesn't mean that we don't need to monitor and understand trading. if something is going to change that we need to make an adjustment, that is our responsibility. you are investing $7 billion, that is the amount you want to spend so you can sure you have more capacity. could that number go up if we start to see averages pulling towards its own delivery service? when we talked about the capital expenses, it was a three-year peak time of increased. many of these take a few years to build. we'll take the fruits of that labor and the next few weeks as we open a building in atlanta that will be the largest -- the second largest building in the --. and it

this is not the identity of a country where how the rich people live for the identity is that how do the poor people live their lives and no country can make. progress. where there are only very few people a very few island of rich people but don't all that the population is s'pore that country board never make progress we have seen china in china in putty years they have taken out says seventy dollars of people out of poverty. and also as a muslim what we see them again as a city all of the in and we follow the prophets. that was that was one of those bills he had said the principles for that state was on the subject so invention everybody was the same in sunday. this very day was humanity never met it was just just there and that's where our people used to get money from that rich and then give it to the poor. he taught us how what are the principles of this is stations and that's was the greatest civilization of the world and did and did those principles i will try my best. to focus on those principles. i want on this occasion today to tell you that the whole of pakistan should ge

rich templeton is stepping back in. rich templeton has spent his career at texas instruments.to brian kutcher -- crutcher. permanentking it on a basis. they are not looking for another ceo. scarlet: he is resuming presidency on an ongoing indefinite basis as chairman. -- as well as chairman. they chose someone least disruptive to the business looking for continuity over everything else. in contrast to what has been going on in intel where they are looking for a replacement. julie: we will keep you posted on this story. texas instruments shares falling on these headlines of it. this is bloomberg. ♪ julie: the texas instruments ceo has resigned due to code of conduct violations. this news coming out in the past few moments. rich templeton, the longtime ceo will reassume his duties. anon inined by bloomberg technologies. what kind of disruption will this cause? if templeton is stepping back in, maybe that will minimize this? knows thempleton business inside and out. his retirement is going to be a tad bit delayed. to compare and contrast this to the intel situation. in this case,