thank you so much for joining us here at the bush center on the beautiful smu campus.for most of you is welcome back. we are so thrilled to be here. i want to first recognize first lady laura bush and gail turner, the president of smu. thank you for being here. absolutely. we have been keeping a very busy calendar here this year with our engage at the bush center series. we're hosting former chairman of the federal reserve, ben bernanke on november 16th so be on the lookout for that, as well as karl recovery on december 14th who -- karl rove who has a fascinating book on mckinley. so please plan on joining us for both of those. we also want to call your attention to our holiday season special exhibit called a season of stories, christmas at the white house, 2003, opening on november 19th. the exhibit will feature a number after handcraft decorations depicting beloveds storybook characters displayed at the white house for christmas in 2003. we hope you'll come and experience that. also terrific for family is, of course. tonight, we are excited to present you with a conv

it countries the smu lead to 2. second half, mcclung, govan gets thefoul. the mustangs answer back. this is goodall movement here. jamal mcmurray hits a corner three. part of higame high 19 points. georgewn lose 81-73. >>> to the redskins, make that the reeling redskins. in jacksonville tomorrow they try to stop a four-game losing streak. the skins keep giving up over 400ards of offen like they did against the giants. moving forward, jay grun knows his team needs to have forward thinking. >> i think you have to learn from losses like that. and you haveo to everything you cannot to let that happen again. but you also have to forget about it as fast as you can and forward. we're in december. we're a half a game out of the ayoffs. at's t >>> tonight, the fight over health care is back on, after a federal judge declares obamacare unconstitutional. president trump claims victory. democrats promise actional l of this as the enrollment deadline is just hours away. what happens now? >>> state of emergency out west, a triple threat along the pacific coast as lifeguards on high alert, and sur

smu led by as much as 13. the second half, mcclug finishes. nsstangswer back.urray that's cornerthree, extends the lead to seven. georgetown loses -73. cu hosting college of charleston in richmond today. rams down two in the second half. jenkins hits the three that gives vcu the lead. that was the last one the rams would have. they couldn't slo down brantley. 26 points. vc ku falls 83-79. josh johnson is getting ready for his first sngrt at bei ready is what johnson's all about. before last week when he came nto the field in relief for sanchez, he played the madden video game. in ten years, jnnson has bee with a total ofms2 nfl tea and yet he looks forward because of his past growing up in oakland. >> everything i went through in oakland is real life. that's what all of a lot of people go through. when i had the opportunity to go out and play a game that only maybe 2,000 people get the opportunity to do,ing there ain't nothing t complain about. this is like going to disneyland every day for me for real. just a week ago i wasom at h in the hood, chilling with th

. >> i think the smu is the market wanted total capitulation from the federal reserve but got partial capitulation at best by that i mean the market may have wanted no hikes instead it has two forecast in by the consensus of the committee. the fed said that further gradual rate hikes are needed. some further hikes needed. the market wanted that phrase entirely removed here is powell now on the change in the rate outlook. >> many fomc participants expected the conditions would call for three more rate increases in 2019. we have brought that down a bit. and now think it's more likely the economy will grow for a rate calling for 2 interest rate increases over the course of the next year. we always emphasize that our policy decisions are not on a preset kour course appear will change if incoming data materially change the outlook. >> so here the story here is what the market probably wanted and here is what they got. one hike or none next year got two. at least that's the forecast wanted flexibility on the $600 billion balance sheet reduction. powell indicated there won't be much on that

the big smu is global growth slowing next year butow much. it's touch for experts to model earnings in 2019 without knowing the extent of the global but then you have president trump's potential legal problems. we saw the markets take a leg down on the reports that national eninquire err it helped facility hush payments to a playboy model amgd to have an affair with president trump in order to prevent her story from influencingleheion. today the european central bank made it clear it will begin to wind down the easy money policy next yyear, likfter the summer. but there is a lot of market positives that are out there. our own central bank, the federal reserv isignaling fewer rate hikes in the new year. i think that's important. then we have opec reaching a deal on production covets. finally tariff talks are ongoind e have seen real signs of china trade relief in the past we can. including the move to resume u.s. soyan purchases. the overall tone is a bit more positive than it's in a while. finally the latest investor sentiment out from the am

tiffany and best buy seeing double-digit declines in the last few weeks chart master says another retail smuou shoe could drop next week. >> nike, it's similar to costco. that, of course, wouldn't be good if nike does what costco did. a comparative chart, two lines, xrt versus nike, nike has been the big jout performer a third line just for comparative purposes look at that costco and nike have been the darlings trading at or near record valuations as most other retailers, including amazon, have finally come under pressure each being a different business. i know that. they have been treated the same in the market. that i think is one of the setups here for nike to the downside so nike itself how to draw the line, there are so many ways, this is one way. head and shoulders top this is another way. a breakin trend. let's put it all together. you have got both. neckline is here a break of the neckline would give you a costco type sell-off. earnings coming up i'm a seller. >> all right he is a seller mike, what's the trade >> this is a situation probably like a lot of others in a market like thi

. >> he mentioned it when we did the show at smu.ternet because everybody was trying to order her desserts. >> that's going to happen. like kim kardashian's bottom. >> should i move on? >> yes. >> juan's all access look at this year's major league all-star game when we return. >> ♪ >> ♪ >> these are the latest headlines. president trump has been positive tweeting from the white house on christmas eve blaming democrats for the partial government shutdown claiming a story he lashed out about acting attorney general whitaker is fake news and stating the only problem our economy is the fed. that came on the worst christmas eve trading session ever. the dow industrial average sinking 653 points. the s&p 500 and the nasdaq were down. the partial government shutdown appears no closer to a shutdown. president trump tweeted he was all alone waiting for the democrats. the democrats claim he is plunging the country into chaos. jim mattis wishes a merry christmas to all of you holding the line in 2018 to the american troops. the president moved

the border skourt has been a smu reemtedly defaulted on pap and he ran on being the tipping. being the republican mo waive. there have been 17 previous shutdowns. i was deputy counsel of opm for a couple. any always end with compromise. and this time the compromise is defied by the senate. the the the president sent up the vice president minnesota minnesota and mick mulvaney. >> there is figures the white house wouldn't agree to. they had kpropzs on the table. the president got adamant when rush and others went after him. >> you're still in the first quarter. schumer got the wall. chuck schumer got the football at 2.5 billion offer. >> the leader of the senate when he was sitting in the oval office when the president had this televised showdown that he lot because he thought he could work the cameras, he said i own it give it to me he leaned to chuck schumer and said give it to me i own it. now he says it's chuck schumer. >> this is the first where quarter processes the second quarter chuck schumer has the ball. >> people can't get on the field to go to work if you want to us

jeffr jeffr jeffrey engle is founding director of smu center for presidential history. thank you for joining me this morning. i want to start with something that struck me in the book i talked about that you wrote about how president bush handled the end of the cold war. it is hard for people to wrap their minds around what he had in front of him, just in one term, even the beginning of one term. you talk about the berlin wall falling, democracy taking root behind the iron curtain, germany uniting which was divided since world war ii, the soviets surrendering. and it goes on and on and on. you note that what he had to deal with, the complexities of it was only par elderalleled by >> it was an astounding period. never seen such tectonic change in the international system over a short period. most of the things you mentioned happened in the first half of his first term. we think about donald trump's first term, he is about halfway through. that's the period we saw the berlin wall come down, communism begin to falter, and saddam hussein invade kuwait. it is remarkable how

no major traffic smus you a you make your way from marin over the bay bridge and into the city.will break down the forecast coming up. >>> in sports. tonight the oakland high school will battle garfield high in los angeles for the state championship. played at lany college kickoff at 6:00 p.m. good luck to mccliemds warriors. last night the warriors battled the in-state rival. the thrilling victory over the kings by the dubs in this morning's sports report. >>> the warriors fought to win of the first meeting against the king and did so by one point at oracle. friday night at golden one center the about that was tougher. the kings set the tone by trolling. moon landing. kevin durant pitched in 33. beautiful step back 3. on the fast break pap klay klay thompson and curry from the corner. wars years led by 12 petition half. here is something you don't see often. klay dunk. more used to this making threes missed that but get it back and lay it in. 27 for klay. steph, give and go with draymond green leads to another three. he had five from distance in this one. warriors led by as muc

bush always looked forward, my friend, jeff engle at smu makes a marvelous point about how bush was theirst figure in '89/90 was to japan where he had almost died in 1944 in the pacific to press forward. he wanted to move on beyond the past. he was historically minded, but he really was all about the next thing. its one of the reasons he was jumping out of airplanes when he was 90 years old. he really was about forward motion. to me what's so fascinating about it -- >> actually downward motion at one point, but -- >> right. thank you. >> i wouldn't jump out of an airplane. >> the last time he jumped, he landed at st. anne's church, and mrs. bush said in her way, well, at least if he dies we'll be able to just bury him right here. that marriage went on and on. one of the things that is to me so remarkable is he always wanted to press on. he seems conservative and he seems like a buttoned down wasp and he seemed out of touch, but when i asked him early, early on, a long time ago, what are you proudest of as president, he said the reunification of germany, which as john and you both know,

defense secretary would send a letter indicating he disagrees with the president of the united states on smuschina and u.s. alliances around the world. >> eamon thank you eamon javers at the white house for us. >> well, i think we -- you know, this makes sense and again, series, a big deal we threw putin two christmas presents in syria and r. us l.a..ic soo that's an issue. >> the nike on fire all year plus christmas came early your cryptoinvestors as bitcoin soars 20% this week and the coin base ntesident says key developmes could send the space booming in 2019 he will be here to explain >>> welcome back to "fast money. as you know the santa rally never came for the markets but you know who did make the nice list this year bitcoin if you can believe it in the last week the cryptocurrency surged about $1,000 a rally sending it over $4,000 after a terrible year. bitcoin has down a whopping 80% from the highs a year ago. let's bring in a man at the center of the cryptocraze. president of the largest cryptoexchange asef great to see sfwlu good to see you too. >> i'm not sure the last time we spo

my friend jeff engel at smu makes a marvelous point about how bush was the first figure in '89, '90,e of his first trips, i think his first trip overseas was to japan where he had almost died in 1944 in the pacific, to press forward. he wanted to move on, beyond the past. he was historically mind, but he really was all about the next thing. it's one of the reasons he was jumping out of airplanes when he was 90 years old. he really was about forward motion. >> actually downward motion at one point. >> remember, the last time he jumped, he landed in st. ann's church, their parish there in maine, and mrs. bush said in her inimitable way, at least if he dies, we can bury him right here. so the marriage went on and on. one of the things that's so remarkable is, he always wanted to press on. he seems like a conservative, a buttoned-down wasp, all the cliches. when i asked him what are you proudest of as president, he said the reunification of germany, which as jon and you know, when you're a biographer, you don't want to hear that's the sexiest thing you have to deal with. >> it probably m

plane obviously there is energy transition but that's not the issue the next couple of years the big smuaybe couple of decades, no photographs. >> i disagree. >> it's growing spoengsly but the amount of cars that are electric is nothing. >> small percentage. >> almost nothing. >> but the thing it's about the future, the intent to buy it's about where the market share goes i was recently in the uae, the sovereign funds are talking about in trends trend. >> and saudis are talking about solar panels because it sounds good. >> i think their sovereign funds they invest in evs, the ertz batteries but also make big investments in conventional places as well i like about the uae it's more did diversefy cakes but the big story is what happens with the u.s. that's the shuffling story. the morrow peck cuts and see a life line to u.s. shale that's a key story this year is what do shale producers do. >> that's the big problem. i mean, right now capital -- can you hear that signed that's capital spending plans cut left and right for next year maybe bull zbliesh maybe bullish but right now you still ha

rooted by everything the told me hes a seen the viet cong, special vietnamese fluently and spoke with smu fair mindedness and even handed necessary, not for a minute was he communist simple simple sympathizer and he send a huge loose leaf folder. spend most of the years since he came back, writing, a memoir of his experiences which he said will never get published and it's true. it's too incoherent and too huge and everything but you get so cared away by these people. and i think one thing that shocked me was this guy had very poor medical care still out there in nevada, and he -- because he -- he was a -- he want qualified for veteran benefits. ... i still find it so gripping and fascinating to be allowed a window into other peoples lives, japanese and american. and i love telling stories and i hope i've done justice to some of them. anyway, thank you all very much indeed. [applause] [inaudible conversations] you are watching booktv on c-span2. every weekend we bring you author talks and interviews from around the country. for complete television schedule, visit booktv.org. >> your good.

the way i see it, the main problem is first rate some smu had a problem where they can vote, things like that. i agree with the government's solution. second wave seems to say i don't like what women are doing based on what the culture doesn't like women to do. not necessarily with the government is doing to women, or restricting them, but then they want a government solution to that problem through legislation. things i don't believe really work should be done. i think as long as the government is treating men and women equally, you know jail time, things like that, how they are viewed in the courts, things of that nature, you can do a legislation solution for that. when i hear from second wave feminism i don't like the culture i don't like how the tv portrays women, they should be in the home, so let's have a government solution. let's use the government to enforce what i think women should be at age 20, 30, 40 because i don't like what they are. i just don't agree with that usage of government. as long as the government is treating everyone equally, that's what the government needs to

if it falls below that then they're out cash this weekend on sunday, elon smu musk is profiled by 60es here a clip of the exchange between him and leslie staal talking about his social media habits. >> you tweet a lot. >> i use my tweets to express myself some people use their hair i use twitter. >> well, but you use your tweeting to kind of get back at critics. >> rarely. >> you kind of have little wars with the press. >> twitter's a war zone. if somebody's going jump in the war zone, it's like, okay, you're in the arena. let's go >> quote of the day, twitter's a war zone look at shares of tesla again, and, again, it has moved higher above $360 jeffrey's out this morning upgrading it to a buy, raising the price target to $450 tyler, we are looking at a stock that at one point people were saying, wow, is it ever going to get back up close to 350, 355, now it's above 360. >> phil, thank you very much >>> and technology tumbling again taking the markets down with it. 2:00 p.m. hour has turned into a volatile hour of trading you waon't want to miss what's coming up. don't go anywhere. w