when you look at what richard haass was talking about, the political turmoil and low growth, are the ? richard: i actually am more -- moret: i am actually sympathetic with the idea of low growth going forward. it is astonishing to see how not only corporations but also governments are unwilling to find investment projects that are worth doing at these low interest rates. you would think they would snap them up and jump into new government expenditures, and corporate investment. a slow that there is growth period that we can expect, and i really do not think the u.s. is likely to grow faster than its trading partners for any substantial period of time. but i would be happy if i am wrong. tom: robert engle, thank you so much, with no you're -- with new york university. really with the distinction of a debate with larry summers leaving the secular stagnation charge. ambassador haass, thank you so much. we will continue the dialogue forward. join me anden will michael mckee. we will talk to him about the mystery of our productivity. tomorrow in the new york 5:00 a.m. hour, don't forget my

realize i'm asking you both to deal with some very big questions in a short period of time, but richard haass, what about, and i don't want to lump them together, but what about russia and china? these are two big countries, very different challenges they pose to the united states. but where do you see the u.s. headed with these two? >> difficult relationships with both, judy. in some ways we're seeing the revival of great power politics. and in both cases you have leaders, which worries me, who are quite unconstrained by bureaucratic or organizational factors. they each have tremendous freedom of action. russia has seemed to have moved somewhat its focus from playing around in ukraine to the middle east, and we'll just have to see whether over time they're willing to play a responsible role of taking on isis. so far we have not seen much of any of that. china continues to try to become more of a regional power, and i think there the administration is right to do the overflights, to do the freedom of navigation cruises, to push back against china and to reassure our allies, in particular japa

they've got to do that themselves. >> richard haass, thank you.idn't mean to rush you there at the end. to it's almost time for me rush you. when we come back, our interview with ben carson, after this. >> yesterday in the great state of ila we sat down with ben carson. there's one topic that's been at the top of a lot of voters minds in iowa. experience. of them?ou state by people like -- are rightly concerned about our protection. when we going to do overseas were going to do in the middle east? they listen to people and say you obviously don't know how to provide any kind of leadership. what people forget is that it's not the loudest voice that is always the wisest voice. we need to start looking for wisdom. what is doing surgery at johns hopkins, it was not even on the map. and eight it was number one in the country. -- theg of a big company ceo of a big company does not know everything. i.t. mergers and acquisitions finance or smell hr, the whole gamut of different things. it's very much the same. people who expect the president you needveryt

(sot richard haass / council on foreign relations :54-1:02) "terrorism is not the sort of thing that can be eliminated or eradicated. it's always going to be present, whether it's outside our borders or inside our borders." a war with the united states in (two second pause) audio outcue: "brian mooar, nbc news, washington." >> if you get a drone under the tree this christmas, you will need to register it with the government. the federal aviation administration is now requiring all drone owners to register their device on an f-a-a website. the new law is expected to take effect on december 21- st. owners must be 13 years or older to sign up on the website. registration will only cost five dollars, but the fee will be waived for t te first 30 days until january 20-th. one of the hottest gifts this holiday season is too hot to handle. as two major retailers put the brakes on hoverboards amid safety concerns. hoverboards hover atop many holiday wish lists, but t cent reports of fires associated with the boards prompted amazon to pull most of them from its website. the online giant is ask

we have the president of the council on foreign relations, richard haass, with us.ublican national committee michael steele. he is wearing a poinsettia. >> wow! >> it's christmas. >> it's a poinsettia! [ laughter ] >> fantastic! all right. >> thanks, mika. >> you're welcome. all right. can we get to the news? are you done? >> i -- i -- i wanted to look at his sweater. >> let's start with politics. michael. we love michael. the hillary clinton-donald trump feud continued yesterday on multiple fronts. let's start with clinton's claim at saturday's democratic presidential candidate debate that isis is, showing videos of donald trump insulting islam and muslims to recruit radical jihadis jihadists. >> people around the world pay attention to our elections. if you go to arab television and look at what is being blasted out, with video of mr. trump being translated into arabic, no muslims coming to the united states, other kinds of derogatory, defamatory statements, it is playing into the hands of the violent jawedisjawed jihadists. >> i think that's a viable argument. >>

i'm richard haass and i want to welcome everybody to the council on foreign relations. for those of you either in the room or watching who may not know us, we're an independent nonpartisan membership organization, think tank and publisher. we're dedicated to being a resource for our nearly 5,000 members, for government officials, business executives, journalists, he had creatkaet indicators and students and others to help them better understand the world and the foreign policy choices facing this and other countries. consistent with this mission, we are making ourselves a resource, veil as a resource for presidential candidates and their staffs as well as for the american people in the run up to the 2016 election. toward that he said, i've written to the democratic and republican candidates offering briefings from our experts as well as the opportunity for them to come here and speak and take questions from our members. and so far in either new york or washington we have heard from marco rubio, the senator from florida, jim webb the former senator from virginia, hillary

surveillance," on monday we will look at the world of international relations and update with richard haassn the council of foreign relations. futures -13, dow futures -128. ♪ francine: this is "bloomberg surveillance." we have no decision on heathrow. that would be critical to the city's expansion, but also pollution control. let's first of all get to the bloomberg business flash. >> dow and dupont are expected to announce a merger today, the biggest ever seen in the chemicals industry. sources say the combined company would be split into three units. activist investors are pressuring dow and dupont to break up. ford will invest 400 billion dollars into electric vehicles, adding 13 electric models to its lineup by 2020. low gas prices are hurting sales of hybrid cars. is the 290 mm. it was auctioned off last night for 28 million dollars. that is the bloomberg business flash. tom: we have breaking news on dow or this is not about dupont and it is confusing because everybody is waiting for those headlines. to dow an interior deal chemical with glassworks. the symbol is glw of elmira, new yor

i think richard haass' rough approximation that this is islam's equivalent of the 17th century and the 30 years' war and all of that has a lot of elements of truth in it. i was heartened to listen to the emirates ambassador to the united states who talked about mode modern, moderate islam that is not about beating these guys down but creating a different vision for the islamic world. that's something, again, we can't control or determine but to the degree we can support and influence, i think that's the winning hand. >> nina, back to you. >> in the back there, with the blue shirt. there you go, that gentleman there. >> greg chernny from cherny research. general hayden stated we needed to go on the offensive. i'm wondering what that actually entails. we had 100,000 troops in iraq that was too many. that implies some kind of military commitment in between. in addition there's the old powell rule, the pottery barn rule, if you break it, you own it, and we've discovered there's a fair amount of reconstruction in the societies. are we really prepared to make the kind of commitments that are

richard haass.aid the only thing diplomats want to talk to him about. not global warming, not the iran deal, it's trump and what it means to u.s. leadership in the world. >> i don't dispute the amazing change in political discourse that we have had in this country since this summer and the number of times i have lost count of how many times trump has said something that everyone has considered disqualifying. and yet he comes back. so, you know, my -- what i am curious about is, if it is possible to continually break all the rules and live to play another day, does that mean you rewrite the rules? we don't know whether this campaign is going to be played by trump's rules or not. can anyone else play the game that he is playing? and is he going to be winning votes the same way he has obviously been winning news cycles? i think the next 12 months are going to tell us an enormous amount about whether or not what he has changed, which i don't dispute, is lasting. we will be here a year from now and have