please welcome danica richardson richardson, looking at those photos, looking at where you are now, youbetter. your story went viral, people were so surprised, we know this happened but to see it in so many photos, really hit a nerve. >> we just thought it was normal, that's how we grew up, there was trash everywhere, drug needles, broken glass on the floor and that's just -- that was our normal, we walked around and it was every day that we will cut ourselves and that's just how it was. >> tamron: where were your parents. >> our mom was asleep a lot. >> our dad passed away while we were really young, her mom was sleeping really drowsy, she was always on something, she didn't really understand or fully listen to us. >> she always was asleep and not really present in the moment. >> tamron: were people in and around your neighborhood, or other family members aware that this was going on? >> there were a lot of reports to cps but we were in and out of foster care a lot but my mother was very smart, she knew what she needed to do in order to win us back. >> tamron: when that photo was taken

richardson, lieutenant colonel richardson was commanding. i heard here was to be relieved by the rangers in the afternoon. they were yelling over the radio , get into zert. i set the headquarters that evening with roberts. we use the whole map and decided we would play this is a map problem. we wanted to go around to the right we found out that it was dark and we did not have a guide and it was loaded with mines and we knew the big minefields of their and we are afraid to do directlyonly road was in. in but you cannot hold a hand in the afternoon on this were onause the germans the ridges on each side. so we could not figure on this road but all at once, it occurred to us that it was black and the germans could not see any bid on the road. so we decided we would send him down this road. richardson into the headquarters, we told him he was going in. he brought his young officers in. brief them. outfit, i he told one will take the bridge to the right and you take the bridge to the left. it happens that we knew these two bridges were still intact from airplane photographs that day. story short,g richardson got into the town and then once his bridge blew up in front of his face. he had not heard a boom. for the other bridge so he rambled down in his tank to the other bridge. found out that it had not blown. there was a little shooting from this end of the bridge. but it was sporadic and it was not organized. he organized a battalion or platoon, scented across the bridge. he had his tank and other stuff fire on the other end of the bridge and fortunately they got across. they captured the man, the officer who was supposed to blow it. to 11 otherthem officers who have told on him at that got away, they were in the back. .o he got the whole group mina missed john winter and i was a ta

richardson edward jones -- nela richardson of edward jones, and maneesh desphande of barclays are with me. any takeaways here? nela: the important thing to watch is december 15 because that is where the rubber meets the road. that is where we see if there is an onset of new tariffs. that is where we hope to have some resolution on an interim trade deal. we do not think there will be a cumbrian's of trade deal in 2020. there's way too much still on the table to be negotiated. a little peace and a little stability would be enough for the markets to keep climbing. alix: what i found interesting is the eu talked felt like it was like, we will talk, maybe things will get better. there is a narrative that after the china stuff goes away, all of a sudden, laser focused on europe, and it will not be pretty going into election. what do you think? nathan: i think president trump very much has his eyes focused on the european union and its trade policies. i don't think it is going to happen in 2020 before the election, but if he is reelected, i think his second term is going to be looking at german autos. he's going to use tariffs on german autos as a lever to pick t germans- to pi against the french to do something about agriculture. i think the eu's agricultural policies are pushed particularly hard by the french. i think that, for him, is what he's after. it would be a big score politically in the united states for the farm community. nela: we saw a similar strategy for brazil and argentina just this week, using tariffs as a backdoor method to help farmers with what trump has termed currency manipulation. alix: a stronger dollar, at the end of the day, is the complaint. maneesh: i think i agree. you shouldn't want to rock the boat too much going into an election year, but he does want some stability, so he will try to do that. if he gets reelected, i think he will then turn up the heat, to some extent. alix: what i guess i am confused about, is that good or bad? you had a 3300 target based more on china. you have debt issues in china stabilizing. but if you have this overhang, you're dealing with agriculture, auto tariffs. doesn't that they do not feel good about 2020? nathan: i think your takeaway is right, and that is what is happening. that's the conversation that is happening in boardrooms. that's why we are not seeing the investment, which goes back to a oneint that this is hinge expansion in the united states that is all about the consumer. it will keep this percolation of uncertainty continuing area but when you come back and say it is not as great as it could be, but it is still ok. it is 1.5% to 2% growth. people are going to look around and say, what do we do? equities look pretty good right now. maneesh: i think that's a fair statement. again, like i said, ernie's growth expectations are not very great. -- earnings growth expectations are not very great. when we say this is a direct impact on tariffs is not very of stancil. -- very substantial. but the way it is playing out in the c-suite is basically capex is very low. look at capex growth. a bit of a pickup in the first half of last year, but after that, capex has basically been zero. so this long-term planning is a big problem here. that is why earnings growth are limited, but the only reason to expect equities to go up is expansion. monetary policy is easy. the fed is excited to be on hold for the rest of the year, but if the data becomes worse, they will step in. if you look across the globe, 50% of banks are easing, the highest it has been since 2008. nela: trade uncertainty is for sure the overhang on business investment. it seems to be a catchall for everything that is wrong. what is wrong with manufacturing, what is wrong with. -- with capex. but we know these companies had a $1.5 trillion windfall, and didn't do much with it in terms of investment over the long term. we should watch this space, but be a little cautious blaming trade for every ill in the u.s. economy. there seems to be some weakness that goes just beyond trade headlines, trade uncertainty. alix: hang tight with me, guys. we will do a market check and then get to some 2020 risks. you do have the s&p off the highs of the session, although just barely. a weaker than expected adp report, but the market taking that with a grain of salt. in other asset classes, a huge rally in yields yesterday, the most since may 2018. now you're seeing yields up by about three basis points as you has some selling coming into the market. we wanted to dig a closer look at the 2020 election risk. mason sheets of pgim fixed income, nela richardsonmaneesh desphande of barclays are all still with me. with a biden coming out tax that will raise $3.2 trillion to fund all this stuff. how do you look at 2020 and the proposals we are seeing for the democrats? how does the market and a ceo take all that in? nathan: i think the markets, also the corporate sector, are going to be following what happens in this election very closely. i think as we move further into 2020, this question of what will democrats do with taxes if they are elected is one that will loom very large. we saw joe biden's proposals out today, which was something in $3.5 trillionn to range, pretty moderate compared to what elizabeth warren might be proposing. i think the markets would be able to absorb biden level kinds of proposals. if you go much beyond that, i think it could be an enormous ,ource of uncertainty especially if we are in a world where trump is struggling, elizabeth warren gets the nomination, and it looks like she might have some support in congress to

richardson, the senate judiciary demanded the appointment. now, nixon had offered, when he announced richardson as his nominee, that he could appoint a special supervising prosecutor. he was picturing one guy to make the decisions on what the department of justice recommended and to give richardson some help, because there were going to be republicans going to jail. richardson didn't want to be attorney general and wanted to run for president, happily abandoned all responsibility, and the original budget for the special prosecutor was a hundred people. the powers that be thought it was so much fun to have special prosecutors that wanted the watergate reform as the ethics in government act that set up the independent prosecutor, which, adler was talking about, absolute aberration, that mixes up the judiciary with the congress with the executive. and it was in effect for 25 years. that was how they prosecuted the iran contra affair against reagan. and it was jolly fun until it was used against democrats with bill clinton, and then they decided this isn't fun at all. let's let the thing lapse. so what it lapsed to was the ability within the department of justice to appoint a prosecutor who would report to the deputy or to the attorney general, so you can have a degree of independen

a guest on that program was elliot richardson, who was the attorney general appointed by nixon who refused fire archibald cox, the special prosecutor. richardsonwas a guest onhis program a few months after he resigned, and he suggested that non made a mistake in exerting executive privilege as much as he did. let's take a look. >> he started out with a very firm, stubborn, determination th he was not going to breach the principle of confintiality for the sake not simply of his own presidency but for the sake of the office. and he dug himself in on that. where he made a coon,t he thought that it was a more adequate concession to public opinion than it proved tbe. he was really feeding yie appetite for more rather than sati it. and, of course, it's obvus, at least now, that what he needed to do was to sate the appetite for disclosure and,ne, put the wholmess out there and and say in effect "eat all you want." >> both president nixon and president trp have exerted executive privilege as a way of covering up what manbelieve to be improper behavior. have president trump and presidennixon undermined the legitimate exercise of executive privilegew in

richardson as his nominee, he could appoint a supervising prosecutor. make the decision on what the department of justice recommended and to give .ichardson some help there were going to be some republicans going to jail. richardson wanted to run for president and happily abandoned all responsibility. and the original budget was 100 people. the powers that be what it was so much fun to have special that sets up the itependent prosecutor, which is an absolute aberration that mixes up the judiciary with the congress, with the executive. effect 25 years is how they prosecuted the affair against reagan. it was fun until it was used against democrats with bill clinton. then they decided, this is not fun at all. , it was theed ability within the department of prosecutorappoint a who would report to the deputy -- to the attorney general. you can have a degree of independent but the overall supervision of the attorney general. fitzgeraldtrick two. against bush to -- .eff sessions recused himself that we could come up with a better answer than that. there are going to be situations where you need and deserve a special prosecutor. i am not sure this was one of them because you get such abuse. abilityrrupts and the to prose