of its former employees they're accused of diverting almost three billion dollars from the state investment fund known as one named d. the bank denies giving false and misleading advice to investors malaysia's former prime minister najib razak is facing thirty eight charges of corruption in connection with the scandal. the greek government is describing a bomb blast at a t.v. station as an attack of democracy sky's headquarters near athens is badly damaged but no injuries were reported and the terrorist police are looking for a motive sky is one of the largest privately run stations in greece and has been strongly critical of the government's policies. to government plans to send hungry have again been on the march to condemn what they call slave labor laws the new legislation allows companies to demand employees work up to four hundred hours of overtime and delay payments for three years protesters are furious with what they call increasingly authoritarian rule of right wing leader viktor orban those are the headlines here on al-jazeera back with more news in thirty minutes to stay with us. don

the government is accusingco th any of stealing billions of dollars from a state investment fund. the fund was supposed to accelerate the country's economic development. officials say the two fmer executives bribed officials and gave falsetements in order to raise the cash for the fund.a ier this year model kim kardashian west modelled president trump for the first step act. it would expd the judge's discretion to avoid mandatory sentencing and itould also reduce the three strike sentencing on drug and seriousv ent offense convictions from life to 25 years. for aning calls investigation into the death of a little girl at the border while in u.s. custody.e sh had a temperature above 105. they were picked up by border trol earlier this month after crossing illegally with a group mexico. it is unclear how much her father understood when he signed a form stating that his daughter was in goodhealth. meanwhile, about half of the active duty troops deployed to the southern border ahead of the midterm elections have now returned to their home bases. th ae's stillut 3,100 troops at the bor

goldman sachs is facing criminal charges in malaysia over the last of billions of dollars from a state investment fund now the firm say that the former government in kuala lumpur is to blame claiming at allied to the bank well daniel bushnell investigates now whether the company is going to face any real consequences the indictment states goldman sachs not only got ridiculously inflated fees of six hundred million dollars for helping start malaysia's corrupt national wealth fund were in coalition leader anwar abraham says the wall street bank must be complicit in the whole affair probably the most stunning financial scandal of the decade is the failure of governance and you allow this to go this one is much a bottom up and they were. complicit to the. international financial. sector course and instead of investing it in the nation prosecutors say the funds cash was blown on a five year spending spree from beverly hills mansions to a rare twenty two carat pink diamond seethrough grand piano gift to australian supermodel miranda kerr a quarter of a billion dollars on this three hundred foot mega yacht c

goldman sachs is facing criminal charges in malaysia over the loss of billions of dollars from a state investment fund while the financial services john says the former government in kuala lumpur is to blame claiming that it lied to the bank and i know bush will investigate whether the company will face any consequences. the indictment states goldman sachs not only ridiculously inflated fees of six hundred million dollars for helping stop malaysia's corrupt national wealth fund well in coalition leader and what abraham says the wall street bank must be complicit in the whole affair probably the most stunning financial scandal of the decade is the freedom governance and you allow us to believe this one is much above and. complicit to the. international financial institutions and bloom a six of course in the instead of investing it in the nation prosecutors say the funds cash was blown on a five year spending spree from beverly hills mentions to a writ twenty two carat pink diamond seat. through grand piano gift to australian supermodel miranda kerr quarter of a billion dollars on this three hundred foo

investigation over its role in the scandal involving charges of embezzlement and money laundering in a state investment fund atankfein stepping the end of september. he will retire at the end of the year and the controversy is casting a cloud over his legacy. >> i would not have thought we would be sitting at this table talking about this huge scandal that's dented his reputation on wall street. this is heavy stuff. it's a story about malaysia and investment banking and a legend bribery but also a story about the things we care about the most, which is money and power. it comes down to how wall street makes money and how to get into it. governments often raise investment funds. this is not unusual. tell us about this fund. >> we can go a step further back and talk about how goldman sachs, lloyd blankfein says we need to be goldman sachs -- beat goldman sachs in more places. and the former prime minister of malaysia was rising to power, tim weiser was this young, handsome german banker married to a former model, apparently quite likable. he apparently had a phd from a fly-by-night school, we think. he was ri

and two former employees they're accused of diverting almost three billion dollars from the state investment fund one m d b the bank denies giving false and misleading advice to investors malaysia's former prime minister najib razak is facing thirty eight charges of corruption in connection with the scandal. canada's ambassador to china has met a second citizen detained on suspicion of threatening national security business consultant michael sparboe was arrested just days after former canadian diplomat michael covert but canada's prime minister is pushing for their release and more details on why they're being held both were taken in following the detention of mung one jew in canada at the request of the us she is an executive with the chinese tech giant huawei and is accused of violating u.s. sanctions on iran. government leaders into the having a major hydroelectric project or busy economy in more ways than one providing power is one and so is providing jobs and charles stratford reports huge numbers of tragic workers travel from the former soviet states to find work in russia. construction of

malaysia is seeking $7.5 billion in reparations from goldman sachs over its dealings with the state investment fundg reported in the ft. earlier this week, malaysia filed criminal charges against the investment bank and two former employees. goldman sachs denies wrongdoing. india's drugs regulator has ordered johnson &johnson to stop manufacturing its baby powder using raw materials in two of its indian factories until test results prove they are free of asbestos. the us pharmaceutical giant said on wednesday that drug authorities visited some of its facilities and took "tests and samples" of its talcum powder. marlboro cigarette maker altria is buying a 35% stake in vaping companyjuul labs for almost $13 billion. the deal values san francisco—based juul at $38 billion — more than double its valuation when it raised money from investors injuly. gatwick‘s runway has reopened and the airport says a limited number of aircraft are scheduled for departure and arrival. however, the airport continues to advise passengers to check their flight status before turning up at the airport. chi chi izundu is at g

they're accusing the company of stealing billions of dollars om a state investment fund.he fund was supposed to accelerate they' countr economic development. officials say the two former ecutives bribed officials and gave false statements in order to raise cash for the funds. they then turned around and stole the money using it for personal expenses.ma gosachs denied any wrong doing. >> a major construction project is coming to union station. amtrak plans to install a new track and rebu pd atform on the lower level. amtrak will build a walk way to access the new platform. a federal grant will pay for the project and allow more people to travel through union station. it's set to open in 2022. >> good news for anyone that drives i-66 or wants to avoid driving it. a new commuter lot is located there. there's 230 parking spaces and the area supports car pooling and bus riding. buses make four trips each way each day. there's no charge for the bus des through february. >> as we inch closer to windowas, your shipping for packages is closing. today is the last day for gamazon's

government justice department goldman helped set up the state investment fund which the -- gon the "newit ends there it will be an issue for months, not weeks before we hear a cogent defense from the company. the stock's changing the discould wadi discount facebook, what took so long. the district of columbia attorney general is bringing suit for violations of d.c.'s consumer protection procedures act. i predict that many more of these suits will be filed, and there's some great reputation risk if the smoke clears i will doubt once you see this stuff all in print, i doubt the advertisers will stay away facebook is too valuable for them respect the outside law firm to investigate the situation means there will be many more suits, not good but while this will cost facebook money, i don't see it derailing the business value. can we stipulate that as smart as these people at this company are supposed to be i question how stupid they really are as the customer is, by the way, guys, always right many are panicking that all allergen the danger was well-known. the bad news you're going to read

filed ldiminal charges today against n sachs and two former executives f allegedly looting a state investment fundey are accused of helping former prime minister najib razak steal billions of dollars over several years. goldman chs denies the charges. back in this country, google cbs corporation announced les moonves will not receive a $120 million severance package. he resigned in september, over a multipegations of sexual misconduct. the company said that it found moonves breeched his contract and refused to cooperate with an investigation, but it also said the investigators found sexual harassment and retaliation are not pervasive at cbs. and back in this country, google says it will spend $1 n in new york city, and double the size of its work force there. the internet srch giant already employs about 7,000 people in the city. last month, amazon announced plans for a second headquarters in new york's long island city and arlington, virginia. and apple plans to build a billion-dollar campus in austin, texas. still to come on the "newshour," new details on how russia influenced the 2016 election;

three billion dollars from the state investment fund one. the bank denies giving false and misleading advice to investors malaysia's former prime minister najib razak is facing thirty eight charges of corruption in connection with the scandal. has made landfall in sofie sin india local media bringing the storm for the death of one man who was killed by a landslide the winds blew into the coast seoul in the coast of andhra pradesh around one hundred kilometers per hour they have been heavy rains as well thousands of people were moved to shelters this is a third cycle and to hit the area in three months. a french court has ruled against three former high school students of african descent to accuse the state of racial discrimination they said they were stopped and searched by police on a school trip because of a skin color but a judge in paris disagreed reports from the french capital. it was a visibly disappointing verdict for these french former students they had sued the state for racial discrimination for an unexplained police stop and sea

and then later goldman sachs in hot water over that malaysian state investment fund.ng hit hard this year currently one of the worst performing financials. we're going to talk about the case and what it means for investors. you've got to stick around for both of those things ♪ there's no place like home ♪ argh! i'm trying... ♪ yippiekiyay. ♪ mom. ♪ >>> all right. president trump just tweeting. i hope the people over at the fed will read today's "wall street journal" editorial before they make yet another mistake. also, don't let the market become any more ill-liquid than it already is. stop with the 50 b's feel the market. don't just go by meaningless numbers. good luck. >>> all right. dan gallagher on the s.e.c.'s agenda coming up and then we'll talk about what to expect after this week's fed meeting. i think powell has a tough job to follow bernanke and yellen. "squawk box" will be right back. >>> welcome back, everybody. s.e.c. chairman jay clayton recently revealed his agenda for 2019 top priorities for the agency include pushing a standard of conduct for brokers

state investment funds that have a big stake in tesla demanded for that is lenient on elon musk and provision>> i love larry ellison but i'll tell you why i think he's a good fit here. he has a chip on his shoulder like elon muck an orphan you know, he's been divorced four or five times a tough buy to get along with but also determined he used to go through steve jobs as garbage he wants to win also he bucks the mainstream. he if you tell him it can't be done he believes it, done so he and elon musk i think are able to see eye to eye and he'll be able him navigate i have a chip on my shoulder too i know why you're upset let me usher you there so we don't make mistake anymore. >> and pay millions dollars in fine. >> thanks a lot. let's get to politic because it is day sen of that shutdown in a democrats now, of course, take control of the house in just a few days president trump mean while tweeting this morning, quote, we will be forced to close a southern border entirely if the democrats do not give us money to finish the wall and also change the ridiculous immigration laws that our country i

ntorelli explains. 1mdb is not a household name but the idea behind it is that this state fund would attract foreign investment malaysia in financial centres and the problem is, williams of dollars was siphoned off, basically stolen from the malaysia people. the allegations brought forward by malaysia was that goldman sachs misled investors during the bond sales, which are essentially raising money for the fun of government. goldman sachs‘s allegation is that these are misdirected and it was a couple of rogue employees are. these individuals already faced from charges in the us. —— criminal charges. william k black is a lawyer, former financial regulator and associate professor of economics and law at the university of missouri. he was a central figure in exposing and prosecuting corruption by members of congress in the savings and loan crisis in the us. i asked him how signifciant it was that goldman sachs itself, not just its employees, is being prosecuted. my my apologies, we don't seem to be able to get that connection up their to listen to that interview. as soon as we can, we will bring that to you. an i

state fund one m.g.b. continues to intensify malaysia said on monday it has filed criminal charges against us investment bank goldman sachs and to former employees goldman has been under scrutiny for its role in helping raise six point five billion dollars in three bond offerings for one malaysia development and giving kickbacks to malaysian officials in total almost half of the money is said to have been embezzled from the from. i'll talk into underwear hang in singapore our correspondent there malaysia see small than three billion dollars in criminal fines that's a loss even for a player like goldman sachs but how big is the reputational damage. well this damage is rather extensive this is going to hit capital markets and according to the attorney general if no action is taken against these culprits if the crime goes unpunished it will affect its credit integrity is well on malaysia's part so surprisingly unsurprisingly rather this isn't the first time that goldman sachs employees have been stuck on the wrist in malaysia former partner tim allies pled guilty to bribery charges and his deputy was also arres

their artificial intelligence strategy in 2017 and are detailing massive amounts of funding and investment with the statedl of being the world leader in ai by 2030. the united states, unless there is action, won't be able to compete with china. emily: at the same time, we're seeing tech lash coming from the president. he has been hard on google, amazon, facebook. how does that play out, given the need for progress on these broader issues? david: there are different parts of tech and google and facebook don't have much participation in the chinese market. a number of the companies in the white house today do have very deep business ties in china. emily: except google is considering going back in china. david: there were just reports of how well ads are selling in china soto. the president says one thing, does another often. i think that is worth keeping in mind. i also think this issue has to do -- this meeting has to do with trade, but goes beyond trade because there are genuine long-term issues of u.s. competitiveness that have to be addressed because not only is china moving forward with ai and other te

and keeping it affordable and make sure there's more investments and looking to the state and hopefully the federal government one day but develop funding opportunities to get housing built. this is going to be a combination of things we'll need to do and work with regional partner in san josÉ and oakland for the purpose of approaching the situation on a regional level because here in california we know this problem is significant and if we don't continue to aggressively build more housing it's going to get worse. the key is housing production. the key is access for housing for different income levels not just extremely low or wealthy. the people in the middle are the ones being squeezed out and we have to do a better job at that. >> supervisor: madame mayor do you have questions or closing remarks. >> yes, closing remarks. great to be back in the chamber. thank you all for your questions. i look forward to continuing to work with every one of you on the many priority you all have as it relates to the challenges we face in san francisco as well as the challenges you have in each of our respective districts. feel free to reach out to my

stated even further back with the now german chancellor angela merkel he came back from pretty much political oblivion he went into big business he is heads in germany here the world's largest investment fund so he said he will bring a very different course to the party if he is elected he also sounds rather more populist than machall ever did but they go a long way back indeed and when they both started out they were kindred spirits in wanting to reform the c.d.u. but also germany to be more provocative and liberal and what about the other candidate michele. working you tell us about her. well i think they've come she is the heir apparent of course she's the woman i'm going to put forward herself as party secretary general in february and she's basically been on a listening tour of the entire cd you she was the state premier of zoolander state and she's proved that she can win elections and that's something that sets her apart from the others looks like it's going to be a tight race our chief political editor mr snow for us following the party conference in hamburg thank you very much. here watching the news still to come the price at the pump has been going down opec ministers meeting to

. >> the global fund is supporting the south african government by investing $369 million. >> today i'm pleased to announce that the united states will commit $1.2 billion over the next two years. >> we already at 79% of the way to our goal! 79%, people! >> we are going to contribute $3,500 million. >> we will never forget madiba's legacy. it was not about words, it was about action. the world is not in a good place. people are divided and violence and xenophobia are on the rise. >> the story of this country inspired me and gives me courage and gives free strength and the example you set of truth and reconciliation is desperately needed in america. >> you have inspired me. i enjoyed my time here in south africa. >> i have been to many events like this t but never have seen like what i am soing tonight in south africa. >> every single one of us has the ability to comfort and strengthen somebody through small acts of kindness. >> nelson mandela told us it is not the influential rich people of the world or the powerful who make history. it is all of us as ordinary people who do make history. today by your mere presence here, you ha

strategy in 2017 and are detailing massive amounts of funding and investment with the goal of being the world leader in ai by 2030. he united states will not be able to compete with china. emily: at the same time, we see techlash if you will coming from the president. e has been hard on google, amazon, facebook. how does that play out given the need for progress on some of these broader issues? david: there are different parts of tech. keep that in mind. google does not have much participation in the chinese market. a number of companies in the white house today do have very deep assets in china. i think the president says one thing and does the other often. that is worth keeping in mind. i also think this issue has to do with -- this meeting has to do a trade but goes beyond trade because there are genuine, long-term issues of u.s. competitiveness that have to be addressed. not only is china moving forward with ai and other technologies, we have led this historically. are literally the only major country that does not have an explicit government policy of supporting our ai and other echnology development. the trump administration

fund, technology we're willing to invest in. here are companies that were benefit from it in the united states. leapfrog us forward. building a wall puts as back with the era of castles, and seen anybody surviving in castles it's absolutely false and a giant waste of money. >> do you also thing in terms of rhetoric around the wall and who's supposed to be paying for it. we're having a battle about congress paying for it, but it was supposed to be mexico initially. where do those negotiations stand? >> yeah. well, we know motion coe repeatedly insisted -- i mean, the previous government, there's a new president since then, has said we are not paying for this wall. president trump has tried to sort of explain this away by things saying the new trade deal just passed, usmca yield savings. it doesn't work that way. if there are any, it won't pay for a wall but go back into the economy. looking for ways to justify the claim mexico will do this. nobody at this point believes that will ever happen. he's had to do a sales job, probably needs to, to explain why american tax dollars need to go for this when basically securit

state wasn't a victim and wasn't affected directly. to introduce wants the sale of public housing to investment funds. >> reports from germany's deutsche on shares they did not own. an internal review found more than 5% of banks released theings were prone to abuse cash credit. the potentially suspicious moves account for about 25 million euros. ♪ group aims to push through its debt restructuring by an alternative process, signaling that it will be likely to file for insolvency. says it ficklin provides a cautionary lesson for singapore. he is live for us. why do you say that? noble, the company headquartered in hong kong since a97, i think it provides cautionary tale because if you look back at the history of it in what seems to be behind this investigation by the singapore authorities, it's things a lot of people have known about for a while, they talked about currency issues the two in 2012 group had released a short report about noble several years ago essentially talking about the same issues around the use of the valuation and value assets. is that we are in this very late stage, where for a year noble has been working at this re

investment. we were probably aided in louisiana because i inherited the largest budget deficit in the history of our state. it exceeded $2 billion state general fund and one of the things we paid for 100% state general fund is our department of corrections, so when we started talking about getting a better return on what we were doing on our third largest expenditure item, we got people's attention. so we were in a better place today. we are serving the state in a lot of ways. the fiscal management with respect to corrections is better, but also, our crime rate is getting better, recidivism rates are falling. nou abo you know about the incarceration rate falling. what this means is we are keeping families together and communities are stronger, and that's the biggest return on investment. it's not the dollars. it's what we are doing inside people's families and inside the communities across the state of louisiana. >> governor fallin, you know pretty well that working with legislatures isn't always the easiest thing in the world. a part of why i think it's been so fun to hear about your stories, and how relentless you have been in pursuing reforms o

states mainland. you see in world parts of the population, lower income, less of an incentive to invest in communication infrastructure. that's part of the reason why it's important for me to start the puerto rico fund, which allocates a substantial amount of money, almost $1 billion, to rebuilding and improving the infrastructure. we want to make sure the networks are as resilient as possible so when disaster strikes, and god for bid it does, people will not be cut off from civilization as they were in the wake of hurricanes irma and maria. margaret: ok, well there's been a lot of speculation about your future. recently you said you intend to serve for the next few years. ajit: cheers all around. margaret: but i'm curious, have you considered a run for political office? [laughter] ajit: i'm very focused on doing the best job i can. it's been the privilege of a lifetime to serve in the fcc. if you went back to me 30 years ago and said, the president of the united states will talk you -- cap you to lead this federal agency, he would've been thrilled that the possibility this could happen. to be able to visit different parts of the country, to be able to serve the american people, i'm going to give it

entitlements rising as you know a rapidly pace but gross about domestic savings is key funding for capital investment in the united statestor which is determining 2 1/2 gdp growth rate. >> a good point another guest from merry christmas looking for capex spending up 7% next year with all worry signs in terms of this slowdown, dr. greenspan do you think a recession is on the horizon? >> i don't think so i think what we have is stagflation a slow economy but one in which inflationary pressures are building modestly but it is not -- the type of economic system -- situation i should say -- which we should try to avoid, and unfortunately we're not in the process of being very successful. maria: how do we avoid it. >> you take the -- you avoid it by resolving the entitlements problem. we're not funding our entitlements and as a result we have huge deficit trillion-dollar budget deficit, it can't exist with that sort of phenomena without inflation remerging itself, so in the context of a slow economy if you are getting inflation being driven by monetary fochs, basically the large deficit, you eventually are going to come out we

united states and rural parts of the country sparks of population with lower incomes less of an incentive to invest in medications and part of the reason why it's for to me and the puerto rico fund which allocates substantial $1 billion to rebuilding and improving that in for structure. we want to make sure whether it's fiber in the ground or wireless networks those networks are as resilient as possible so when the next disaster strikes and government it does people will not be cut off from civilization as they were in the wake of the hurricanes. >> well, dispensed by commission about a future and recently he said he would send to serve as fcc chairman for the next two years but i'm curious beyond that have you rolled out a run for political office? [laughter] and focused on doing the best job i can in this position. it's been privileged a lifetime to serve as the fcc and you were to go back and tell the dorky, awkward, shy 15 -year-old sitting in parsons high school room with 30 years from now the president of the united states will have you leave this in federal agency he would've been throats. he never would have believed you but thrilled with the possibility this could happe

investments we have to think about as well. >> we've seen that at the state level where we have restricted federal funding for infrastructure, roads and bridges and things like that and then i go to my town meeting and i see the local communities in the state and cities are increasing their taxes because they've got to pick up more of the load. i think ten years ago the contributions oforcontributionsl for infrastructure was around 67%. ten years later it's almost 72%, so by our willingness here at the federal level to raise taxes and provide revenue for infrastructure, we are just pushing that responsibility onto the states so the taxpayer is paying at the end of the day anyway. >> it is like a balloon we are pushing in one part and it's in another part of the bottom line we are all taxpayers whether federal or state or local level we have to come to terms with what we want to spend, how much and how we are going to raise the revenue to cover the cost and we are always looking for a free one way out of it. >> thank you for your testimony and i will yield back the balance of my time. >> the gentleman from california. >> than

you see states across the country saying hey we see this as a solution and we are willing to take our funds that pay for care and coverage and invest in direct primary care for our state employ yes, sir. >> okay. well, all i can say is you think you might have a criminal in your gene sequence? you probable pea don't want to do it unless you really don't like the guy. yes? wait for the microphone. >> katie caps with health share resource. i have a question as relates to what the market did maybe 20 years ago. and particularly from an employer standpoint. you know, there was the development of all sorts of commercial health management and disease management type firms because the primary care system was not satisfactory to many employers as it relates to managing chronic conditions and multiple chronic conditions. so employers started hiring commercial disease management firms, and then it led into health management firms, and then population health management firms. so i am interested if your perspective of what you are seeing the market do today in terms -- limitation of that of course was it did not integrate into the medical mode

funds directly to investors. because when you invest with fidelity, all those zeros really add up. ♪ so maybe i'll win ♪ saved by zero the united statesservice makes more holiday deliveries to homes than anyone else in the country. ♪ with one notable exception. ♪ i felt i couldn't be at my best for my family., in only 8 weeks with mavyret, i was cured and left those doubts behind. i faced reminders of my hep c every day. but in only 8 weeks with mavyret, i was cured. even hanging with friends i worried about my hep c. but in only 8 weeks with mavyret, i was cured. mavyret is the only 8-week cure for all common types of hep c. before starting mavyret your doctor will test if you've had hepatitis b which may flare up and cause serious liver problems during and after treatment. tell your doctor if you've had hepatitis b, a liver or kidney transplant, other liver problems, hiv-1, or other medical conditions, and all medicines you take including herbal supplements. don't take mavyret with atazanavir or rifampin, or if you've had certain liver problems. common side effects include headache and tiredness. with hep c behind me, i feel free...

countries they have every right to invest wherever they want, and the west does the same thing with the imf and the world bank, but there's no reason for the united states to fundid for superfund status remember mike pence's speech i always talk about in october, where he argued trading with the chinese may not be in our national interest. that was an extreme tone to some of this, but that speech lays out the brief against the huaweis of china pence's point, the chinese communist party needs to be held accountable for its actions. we can't keep letting them get away with this honestly, the united states would never tolerate this kind of bad behavior from any other country. their companies completely violated the iranian sanctions, but we tolerate it from china. why, because doing business there is so lucrative and we like it when our companies do well and their stocks go higher. now, when you talk to the hard-line policy makes around the white house, as i do, they make it clear that fighting back against china is going to hurt the earnings of publicly traded companies. it is, the ones that are there will get hurt. look at apple, who knows what is going on, but

invest in an etf or invest in one of these passively managed funds and expect to come out on top in 2019 >> yeah, so our long-term expectations for individual equities here in the united statesroughly about 5% to 6%, well below the historic average of 10% with that said in mind, we do see seams of opportunity within various sectors. for example, we still like consumer staple companies as well as health care companies. we believe those could do very well in 2019 into 2020 also we would allocate some assets towards utilities at this inflection point so although we are optimistic in the long run for financial perspective for an individual investor to beat the rate of inflation, we would continue to be somewhat more pragmatic and balanced within one's portfolio. >> bob, i think you could find a lot of agreement on people who look at fundamentals and say stocks are at a discount, things aren't so terrible, but not a lot of motivation to act quickly on that. >> no. >> it seems like earnings estimates might have to come down and it's all this tactical technical noise whipping the market around. >> the funny thing is the comment that the economy is doing well is not very helpful to