spence: to some extent, yes. i think there is a view in china, fairly widespread, or a suspicion, rather, that the united states is engaging in activities vis-a-vis trade, technology transfer, and investment. they are designed either to or limit its progress in those areas. another view of it is the decoupling view, that it is not really aimed at containing china. maintaining our sort of strength and position. that is the widespread view in asia. guy: it is interesting that you talk about the decoupling. there's an interesting piece in "the financial times" looking at this. basically, the united states is looking to maintain its geopolitical dominance, but looking to disrupt when it comes to the economic model we exist with now, but china has done very well from the global deletion model -- from the globalization model. therefore, you have to wonder whether china makes concessions to maintain the status quo on globalization, which would only improve its economic and geopolitical position. why doesn't china sibley

experimental psychologist charles spencer works with chef uses kitchen peering professor spence is head of a cross model lab at oxford university and researchers how effects can amplify influence and even deceive our sensory experiences too much testing in the science lab it's not like releasing sticking people in brain scott to see which part of the brain lights up you can find things out but it's nothing like a social dance. experience so we try to capture people in the wild as much as possible and here's who a perfect potential opportunity for that is a coming to a kind of intimate if unusual experimental almost dining experience does a mushroom dish taste more like it came from a forest when it's served on a wooden platter. getting out of the shell. do you only see the color red here because. back at the tasting menu. the main course squid resort. designs are projected onto the table does that impact its taste intensity. the fact that your brain can't quite make sense of. what's the food what's the and which was leading the other is kind of attention catching say more likely to pay

tom: you look at jonathan spence and the reach of china.k you are exactly right. if you look at jonathan spence's books, the 21st century is a battle between the reformers and status quo. somebody told me this week in china that there is an important client -- china, an important client, the first father of economic reform may turn out to be -- second father of economic reform may turn out to be donald trump. trump is not only forcing them into doing things they probably should have been done 20 years imf wasemember the always a fig leaf for governments to say, we are doing this because we are being forced. trump is putting that pressure on china and ultimately, i think china will be the biggest beneficiary of this deal with trump. francine: john? john: i agree. the idea of christine lagarde morphing into donald trump is an interesting thing. authoritarian regimes, if you look through history, have an interesting reaction with public opinion. public opinion does not matter a long time and suddenly it matters much more than democratic ones.

sylvia lennan—spence reports. this is the aeroflot flightjust moments after landing. black smoke rising into the sky. its fuselage engulfed in flames. sukhoi superjet—ioo the had just taken off from moscow going towards murmansk. the pilot attempted to make an emergency landing, but did not succeed the first time. by the time the plane landed, the entire tail section was on fire. emergency vehicles arrived immediately, trying to put out the flames. passengers escaped the burning aircraft on inflata ble escaped the burning aircraft on inflatable emergency chutes. initial reports suggest an electrical fault may have caused the fire when the plane within the air. aeroflot is russia's national carrier and this particular aircraft was reported to be relatively new, only two years old. a criminal investigation has been opened the incident. with me is aviation expert max kingsley—jones. when a fire breaks out on board an aeroplane like this, what safety features are there to try and put it out? if the fire involves the entrance, the crew would shut down the engine. they woul

up to understanding of the competitors mining but the same thing is that anybody man when michael spence broke up you know the many records of them began because that vantage he had no. and as i solicit you the original interview i conducted with you custis listen broken the world's identity to record what's happened to that lady that i may have just turned the blonde on that lady augustus didn't but they did so for me the place you'll certainly on the level. there was speaking with this earlier leonardo da vinci is probably best known for his paintings you see the most famous were right there the mona lisa but the italian artist was a true renaissance man with interests ranging from architecture mathematics to engineering to natural sciences and even music we're now with the five hundredth anniversary of the bench he's deaf this coming thursday a german scholar is challenging some aspects of the master's legacy. leonardo da vinci was not just an artist an architect but also a philosopher and engineer he's credited with some eighty inventions including submarines some fine machines but a

those wells only last eighteen months so then they have to drill another one so it's based on ass spence based on last yeah but we have no political agenda here we just math if it if it costs more to get out than what you get when you get it out that's a called a loss it's a minus sign. as it if you can figure that out you think there's a political agenda and you're blinded by your bias when they always have guaranteed costs at least like a lot of these unicorns in the tech sector. you know they just have the cost of the platform yet another server yeah and your enterprise value goes up exponentially yet here it's linear it costs you have to drill and it costs real money got a guy's got to drive trucks and they got to drill on the ground they got to i am an arsehole and out in it and it doesn't scale and no matter how much debt you throw at it it never will scale it doesn't scale and therefore and also it doesn't stop profitable so it's a cash hole on the ground it's like owning a yacht connecticut that's like standing under a cold shower stuffing hundred dollar bills down the drain trus

spence of costly taxpayer tens of millions of dollars on wednesday as the government scrapped contracts with the very companies that were supposed to bring essential goods in the case of a disruptive brags that people weren't happy and even members of may's own party had urged her to step aside after she failed to deliver a deal twice so if there's a possibility and who would take her place well the suddenly possibility of course has been a lot of disunity within the party it's been very fractious mainly because a lot of the members of the party that she has she actually put in place were of course remain as and that's caused friction within the conservative party i would say that there's a number of people that have the current home secretary she's actually a possibility and then there's also those of which have been i would say sort of somewhat fractious nigel farrar she's a stablish the breck sit party and that's a definite possibility although it's predicted probably you would only get about ten percent of the national vote and many people of course look to door boris johnson boris

mobile and part is coming from spence and maybe another part from spectrum and it's going to be a quiteof a patchwork if you think about it and they're going to be investing money into basically what's going to become their future competitor so really when you think about it it doesn't really quite make sense because they want to be more efficient but right now they're going to be offloading assets to fund another competitor so from your perspective you think this will be a deal breaker will they still try to make this make this situation work i think they're going to try to offer a different solution because at this point this doesn't make sense it's not efficient it certainly creates another competitor but i don't think anyone want to invest in their competitor. in terms of 5 g. technology their merger would hasten the development and implementation of 5 technologies or something to that argument absolutely the 2 of them are 2 powerhouses and the between them they were absolutely improve 5 g. technology in fact that was actually the case before when i actually approached t. mobile yea

winners are the multinationals the big losers are the citizens and the environment steve is the spence's again think arbitration proceedings that allow investors to sue is a great risk. if they scared governments out of passing legislation in the public interest. let's say there are plans to pass you legislation banning into growing disrupt is. an investor could threaten estates out you're welcome to pass these laws but we will file a lawsuit against them because rust they'll result in a loss of profits because we use these substances in our products. such threats will be a deterrent to european law makers. and that will lead to an erosion of consumer protection in europe. any decision makers will take certain action out of fear of being sanction on balance is already skewed between very powerful corporations and weaken states and that asymmetry will only become more exacerbated . they're on the brink of a massive expansion of the war. so what happens when we introduce a couple of new treaties like c. and the other one is the trans-pacific. promoters are biased. like to say well we alrea

it was the worst spelloff spence jane. the dow lost $170. the dow lower by 30 points, nasdaq down 13. s&p 500 5 points. lift stock up 1 1/2%. >> jason, thank you. >> time for a look at what's coming up on "cbs this morning." gayle king. >> former fbi director james comey will join us at the table. this will be his first tv interview since the redacted mueller report and an olympic skier will be here. he will talk about keeping kids safe in the water. he and his wife lost their baby daughter. so he has a lot to be said about that. the newest royal maybe has made his first appearance. we're in windsor as prince harry and meghan markle show their son to the world. all i see is a baby hat. hopefully they'll release more pictures. >> the side of his cheek looks so cute. gayle, i have to say congratulations to everybody. this is the first time i've been able to talk to you since the chances. john dickerson will be great on 60 minutes. >> i'm staying and anthony and tony will join us at e tabl i'm de ld i change my name to antonia. we're going on t

. >> i'm darcyer spenc in prince r(t&háhp &hc% when you think about propane gas, you may thinkjfr aboutt i could save money? i'd be thrilled. this sounds like a whole business package, which would be incredible. so what are you guys waiting for? let's do it. (laughs) comcast business gives you more. switch now and get fast, reliable internet for a new low price of $39.95 a month. now and get fast, reliable internet plus, get free installation. better, faster? i mean sign me up. call today at 1-800-501-6000. comcast business. beyond fast. >>> check out this new video acoming in of the d from severe thunderstorms earlier this afte foon. sent srom a viewer who this in from fairfax county. doug and amelia are going to be wior you through the stm that hid all of this damage. they're back withat to expect for the rest of the evening as well. >>> the legal battle over abortion is intensifying across the country right now. >> thas@ right. the latest flash point they're going to close down the state's only remaininge1 clinic tomorrow. but as nbc's jay gray report, some are trying to keep the do

>>er darcy spenc for us on i-66. ank you. >>> 6:32. let's che in with storm team 4 meteorologist chuck bell. what a nice start to the day. >> absolutely. great weather has returned for the next few days after we made 90 yesterday. a comfortable northwesterly breeze today will keep temperatures in the located 70s. delightful weather through a chance of rain, a rumble or two of thunders. no thursday washout at all. fwak to sunshine, and the warm air is coming back before the holiday weekend gets here. we've continued to cool in the shenandoah valley, 55 in martinsburg, 53 in arlington. 62 in bowie, maryland. and the forecast, dry roads for the commute in and dry roads for the commute home. again, high temperatures today only in the low to mid 70s. ay forecast coming up in a bit. >> all right. thank you. >>> 6:33. developing this morning, tornado alley living up to its name, putting millions in the midwest at risk of tornadoes, hail, and flooding. his is showing tornadoes touching down in oklahoma yesterday. many homes and buildings have

but it wasn't enough because the bench that outplayed by 2 lotto spence the lawyers kept kawhi leonard in check but there supporting cast for the raptors they did so well that they ended up pulling away. the warriors never really close the distance and to make things a little bit worse. andre iguodala came up a little bit get the in the 4th quarter but i found out that after the game, he said he's okay he tha out today just to make sure in the meantime we have your coverage all over the place we even have a reporter up here's steph curry talking about game one. >>it's a toronto, they played a great game. they made a lot of shots a difficult hour. the transition defense and turnovers that that stuff it's really hard overcome especially on the road so we got to get better with that. >>he will not play games to we certainly needed in for game one but he will not play game. 2. there are reports that he could be back 3 or at the very latest again for but because is played he only played 8 fully all have more minutes and more impactful minutes but let's face it james terry everybody's talkin

sylvia lennan—spence reports. this is the aeroflot flightjust moments after landing.lack smoke rising into the sky. it spews engulfed in flames. sukhoi superjet—ioo the had just taken off from moscow heading towards murmansk, just moments after theyissued towards murmansk, just moments after they issued a distress single —— a signal. by the time the plane landed, the entire tail section was on fire. emergency vehicles arrived immediately to try to put out the flames. passengers escaped the burning aircraft on inflatable emergency chutes. initial reports suggest an electrical fault may have caused the flyer while the plane was in the air. aeroflot is russia's national carrier and this particular aircraft was reported to be relatively new, only two years old. a criminal investigation has been opened into the incident. our moscow correspondent, steve rosenberg, gave us this update. something happened shortly after take—off, we don't know what yet, but it forced the plane to turn around and make an emergency landing at sheremetyevo airport. there are reports that suggest

america and so feature appeared to be target the targets of the campaign says the israeli company spence near the a $1000000.00 on and for its. well condition karen is a researcher at the digital friends and research lab at the atlantic council and joins us now on skype from new delhi kennie's you've been looking into this what does your initial analysis of these accounts tellers. yeah so my colleagues and i have been looking into these accounts the top line assessment we've been able to make so far is that the pages misrepresented themselves using fake identities and different identities by acting as local news organizations hauling websites and support me just for local politicians. there was also an instance of a troll page. that was aiming to push campaign against the who who booker who is a former vice president of nigeria and. a presidential candidate for the general elections in nigeria 21000. now in terms of the senses here and with india specifically does it suggest a widespread school ordinated attempt to influence the elections and have a large an operation is this. if you loo

these are all quotes from the report, substantial evidence indicates that urging mcgahn to have the spence counsel terminated the president acted for the purpose of influencing mcgahn's account to deflect or prevent further scrutiny of the president's conduct towards the investigation. substantial evidence indicates that the president's efforts to have sessions limit the scope of the special counsel's investigation to future interference was intended to prevent further scrutiny of the president and his campaign's conduct. closed quote. those are all quotes from the special counsel's report. i believe that each of these incidents documented in detail in the mueller report constitutes a crime. but for the department of justice's policy of refusing to indict any sitting president, i believe the president would have been indicted and charged with these crimes. i am not alone in this belief. over 900 former federal prosecutors from across the political spectrum whose job was to determine when the elements of the crime had been satisfied have stated, have agreed that the president committed crim

we are seeing some pressure on it now and also do the downside, marks & spence. -- spencer the marketso be moving on the anything sieve side for marks & spencer. anna: let's talk about fed policy. the dollar has advanced for the second day. st. louis fed president james bullard said policy makers may have slightly overdone it by raising interest rates in december. he said it is too early to talk about a rate cut. >> for this to actually affect fed policy, these tariffs would have to stay on for quite a while, something like six months and at the end of six months if there was still no prospect pect of a resolution that is the point at which it would start to really weigh on fed policy. at this point, we're too early in the process. it is premature. >> tell me about where rates are. >> rates are at a good place in the u.s. right now. if anything, we're a little bit restrictive, i would say. i'm concerned that we are -- we may have slightly overdone it with our december rate hike but i was pleased that the committee -- the current projections from the committee are for the policy rate to

perhaps that he failed eed abi the spence counsel regulation? no he went above and beyond by transmitting the report to congress with limited redactions. could it be the attorney general, no, he offered to let the chairman and five other leaders at the department of justice including a 99.9% unredacted volume. in an odd move for anyone demanding access to information, the chairman and other elected democrats give an access of decline to review that report. the attorney general also volunteered to testify before this committee about the conlution aco conclusion. on monday, the justice department offered to meet to discuss accommodations. yesterday they made a reasonable offer and, once again, they were rebuffed and the chairman declined. perhaps then the democrats believe that there have been an unreasonable delay in the justice department response to their subpoena. no, that's not true either. the chairman is moving to this resolution at lightning speed. it's been less than 20 days since chairman nadler subpoenaed documents. when the oversight d

bloomberglater on markets, michael spence, nyu stern school professor of economics. the big moves within bonds. if you look at the u.k. to germany to italy, the risk off fell across the board. yields up five basis points in italy yet down seven in the u k and down six in germany with the 10 year yield in germany and -13 basis points. joining us is ira jersey, bloomberg intelligence chief interest-rate strategist. what are you making of this move? ira: continued risk off. stock futures down. bit intoeen a slight government assets. that is why you see europe rallying and why you see u.s. treasuries rallying to the lowest they have been in every year in terms of yield. how much more downside in what on to we see the most? how much more investors -- ira: in u.s. treasuries, which is what i cover, 2.30% on the 10 year is an important level. below that, you are probably looking at 2%. to get there, you need to have some confirmation that the global economy and the u.s. economy were slowing to an even greater degree than we've been projecting with some of the data. with at

tom: we all read our spence from yale university. example, rare earths. their number one thing is just to wait for a moment, right? i think the chinese must realize this is going to be a future source of tension if they cannot figure out how to resolve it. i think it was in their interest . a lot of what is being asked is helpful for them. i thought a couple weeks ago we were close to a deal. what was the problem? i think we need to make some concession too. we need some face-saving way out of here. i don't think this is a move into isolationism, tearing up the global script. we are trying to get everyone on the same page and it is creating uncertainty because of the way it is being done. i don't think it changes the fundamental path, and we are so fortunate because most of us have gotten back to low levels of unemployment. inflation is not the issue that everybody thought it would be. that gives central banks the ability to be easing if they need to be, to be careful. inflation problems usually trigger new downturns, and that is not

what does the president need to understand culture you -- culturally about spence's china now?, written 20 years ago, is a we have repeatedly, for hundreds of years, made a mistake in looking at china the way we see ourselves. we look at china through the western lands, because the u.s. had a debt crisis, china must have a debt crisis -- tom: what is the beijing lens you have observed in the last few weeks? stephen: they are focused on rebalancing the economy, from exports to consumption, from manufacturing to services, from imported to business innovation, from surplus saving to saving absorption. they are changing their model. for some reason, we are uncomfortable with that. because we like the old model better. it provided us with cheap goods and they bought a lot of treasuries, and that is what we want china to be. china is saying, look, what was then is not now. we are changing because it is in our best interest to change. the u.s., by the way, is not deficit its model in saving, budget deficits, large current accounts, and a multilateral trade deficit last year that inclu

all jonathan spence on me, but there are stereotypes of asian and chinese saving face.quely american. how do the chinese culturally and socially adapt as they react to these tweets? from their own self-interest, of course. they don't want to be seen as humiliated by president trump and having to bow down to his demands. say face.to they will argue they made concessions on the goods side. xi making--president concessions recently. in their own self-interest. nonetheless, there is a case for china to make concessions in the broader trade negotiations. i think that there is a group probably pushing inside and outside of china for them to come to the party and head off these complaints. a cuthe pboc delivering this morning to try to stabilize the situation. what does that tell us about the policy response were these talks to go south? >> again, it wasn't exquisitely linked to trade developments. -- explicitly linked to trade developments. authorities will be there to back the economy if the trade had ado fall through and rocky patch. china's economy has been stabilizing but

they are spencing less wealth, less property, lower marriage rates and less children.illenials, 92,000 in 2016. compare that to 40% less than gen-x at same time. 20% less than baby boomers in 1989. wages lower as well for men and women. millenials earn 18% less than gen-xers, less than baby boomers at the same time adjusted for inflation, age, socioeconomic variables as well. stuart: i didn't know that. ashley: they are suffering. we make fun of them. stuart: maybe we should stop that. be nice to millenials. we'll be nice to you, susan. susan: let's try. stuart: now an 8-year-old girl impersonates congresswoman alexandria ocasio-cortez. she has made a big slash online. watch this. >> i can't wait to my plan after the election the most important documentary on climate change. it is called, ice age 2, the melt down. that's not me saying it. that is science. my "green new deal" costs like, $93 trillion. do you know how much that is? me neither because it is totally worth it as sea levels keep rising we won't be able to go to hawaii anymore. stuart: let's bring in the real

that is attracting a level of clientele that simply doesn't have the spence to navigate the steep slopes problem that we're seeing there. this year was really combination of multiple factors. you had limited number of days, record number of permits and too many inexperienced people on the mountain. stuart: alan, let me get this right, if i front up 60,000 bucks to a tour operator, i get to the top of everest or get my shot at going to the top, 60,000 bucks. >> you get a shot. not a guarranty. stuart: what do you think, if you made it $200,000, would that improve things? >> you know, i don't know, i don't think so, because then it would become simply a rich person's marketplace. i would strongly believe that mountains are for everybody. you have to earn the right to get to the top of the world. you have to qualify for the boston marathon but there is sear re requirements to get a permit to climb mount everest. there in lies the problem. stuart: that is a interesting idea, you have to qualify to get on to that line. interesting, alan arnette. thanks for joining us. it is short notice. we a