tom: let's go to zero, switzerland, where the bowtie on zurich,et's go to switzerland, where the bowtiedifficult to export a lot of the stuff here. jeffrey, when you look at sweden, we are talking about the ecb, a little bit about switzerland, sweden also has negative rates. so does denmark, trying to protect its currency's. is there a way you can structure tierive rates, may be a system that japan tried out but the markets did not believe in. is there a way to structure it so it does not hurt the banks? jeff: that is exactly the right question, and that is why we have seen the impact from financial markets, whether or not negative interest rates are beneficial. your banking system is critical to getting credit going into your economy, so there has been a lot of unintended consequences . the tearing system that you talked about is about applying negative interest rates on differential levels, not necessarily having an impact on the banking system so negatively. it becomes clear that the direction to which negative interest rates is focused on is currency. there are limits to how well yo

, the vote will not pass, and switzerland will not be the testing ground for it.d that, there definitely triggered a discussion and switzerland is not known for doing this call it just things, and the vote being there and being discussed in a country like switzerland makes you wonder. mark: thank you for joining us. that is it for the european close. today,closed lower markets is next. ♪ >> welcome to bloomberg markets. ♪ im >> lung -- from bloomberg headquarters in new york, welcome to bloomberg markets. >> fed officials are promoting a case to raise interest rates as the markets await for the direction, crude falls for a fourth day. german pharma giant bayer looking at a huge cash offer for monsanto. >> fight for control of redstone's media empire heats up. we are halfway through the u.s. trading day, let's

and, counting hungry crows in switzerland.ere in europe the popularity of far right parties is on the rise. they have spread their xenophobic message on the back of fears about the arrival of hundred of thousands of migrants from the middle east and north africa during the refugee crisis. one country that has become unapologetically outspoken about its fear of refugees is slovakia. it has been heralded as an eu success story after breaking away from czechoslovakia and forming an independent democracy. but a worrying development today is a remarkable increase in the number of paramilitary groups in slovakia. our reporter visited its largest, called the branci. reporter: twice a month they go to war. at least, that's what it looks like at first glance. these paramilitaries say they want to protect slovakia as though the country wasn't part of a europe at peace, but instead surrounded by enemies. >> if a future enemy sees what's going on here in slovakia -- if he sees a country that is prepared to defend itself, and its democrati

we are concentrating on switzerland. always working toward the 11% to 12% target, barring any major litigation. what kind of litigation are you worried about? >> you saw in our report we were quite extensive on where we stand in terms of litigation. the main one is the case, that we cannot comment on. we think 11.4% is a comfortable position. we are the middle of the european peers, and that is where we want to be. sitting at the bottom is uncomfortable and we had to get out of there. francine: are you happy with your liquid assets? >> yes, and the team is very happy. 1.3 billion credit assests for a cost of $11 billion, that is good. francine: january and february, those were tough for you. >> yes, but i am pleased that things are progressing. people can see from those numbers, the quality of infos, the margins, the availability of the divisions, the strategy. we have very unfavorable circumstances. i think we have a great team. i am impressed every day by what they are doing and i think there is more to come. francine:

sharyl: as a manager at switzerland's largest bank, ubs, bradley birkenfeld found himself part of a massivelongstanding scheme to help wealthy americans evade taxes. mr. birkenfeld: there were 19,000 offshore, illegal accounts with $20 billion in assets. sharyl: of americans? mr. birkenfeld: only of americans. this was the america desk. sharyl: in 2007, he decided to blow the whistle -- the first banker ever to break open the legendary swiss bank secrecy. mr. birkenfeld: they didn't find me. i sought out the doj, the irs, the sec and the u.s. senate back in 2007. and the problem here is, is that when i gave them this information they were hostile towards me at the doj, from day one. sharyl: birkenfeld suspect's hostility from doj, the department of justice, had something to do with ubss powerful connections. the bank was a top donor to then-president george w. bush. mr. birkenfeld: they had over a trillion dollars in assets. so, you can imagine they had offices worldwide, they had a lot of political influence, and they hired politicians to help them, whether it was for marketing, or for rep

so, i cannot understand how switzerland, for instance, dispenses heroin to citizens and look in horror at uruguay, who seem to regulate their market a different way. >> it may be too commercial. it offers a chance to restrict the illegal trade in cannabis. >> marijuana is cultivated across the world and, extensively in afghanistan. raw opium cultivation is on the rise. opium poppies grow and they are not only produced for export. many afghans are heavily addicted and the government is starting to do something about it. >> a singular mission in life -- feeding the addiction. the effort to help begins with physical force. health ministry workers collect the addicts from the streets. abdul has come along peacefully. he is a longtime user. >> i do not do a job and that is why i do drugs. i have seven children. >> it is a dangerous undertaking that incurs the wrath of drug dealers who are hardened criminals. they are trying to give addicts a fighting chance to get clean. >> as more people become addicted throughout the country, we do the best we can to collect users and bringing them to the

could get it replicated in switzerland. make it swiss chocolate. can't get much finer than that.ight-time winner on the pga tour. 11 more victories in europe. now koepka just has to produce some magic. nick: wow. lost the plot amazing. bill: he'll be disappointed when he thinks back on this opportunity. at one point, a three-shot advantage. in control for most of the day here in the final round. sergio able to recover from two balls in the water in his final round. still shot 68. that was good enough to get into this playoff. nick: yeah, it really was the weekend of a lot of missed shots. koepka had that fabulous drive up 16 then carves the 3-wood, whatever, into the trees, into the bunker. then made a really good 5. one more great shot and he could have made a straightforward 4. bill: this to win it. nick: whoa. sergio does have the option to putt out but they rarely do in playoffs. so it's still alive. if brooks holes, sergio misses, it's two 5's. bill: this for bogey. needs it to have any chance. nick: sergio. bill: anti-climactic but sergio will get his ninth win on the pga t

we are closed in switzerland as well.toxx europe is down 1/10 of 1% and the ftse is down as well. the cac is down as well. taking a look at oil on the back of that goldman sachs call, we see supply and demand equal out pretty quickly with a huge jump in brent and the same thing in wti. it has been 3% so brent is trading at $49.07. take a look at gold and silver. john vail was talking about the bid in gold today with gold futures up more than half a percent and silver is up almost of 1% so the precious metals continue to rise on the concern about central-bank moves either too negative or holding 20 or not willing to increase rates as quickly as had been thought around the world. as far as stocks, the companies holding the ftse above water are the minors. they're the biggest percentage gainers. anglo is rising as well as the others. commodities on the back of what we see happening in golden oil and the news out of china that they will continue to support the economy there is really getting a big boost. charge that we put to

system under which the fraud took place allegedly, and what we know they have had a meeting in switzerlandg and will work together to try to normalize the operation, and recover this money. it is training that it has not happened before, and perhaps it has, but just now announcing it, but there is a meeting in basal, switzerland between the two cases to be working with one of the biggest fraud cases anybody around here can remember $81 million in cyber theft funds from the banks in switzerland. >> and now, of course sh, backey elon musk, they are looking at the q2 loss of $270 to $2080 and the expenses up 54%, and now arguing to maintain the cash flow instead of growing so a fast. >> makes you wonder if they are a part of the restrained housing market, and the restrained inventory, and if you are buying a house, and having a house built, maybe that upgrade burk with no inventory. >> and the commercial market has been hot, so that should counter that. >> and now, going above $27.22, which some argued would be above, but for right now, the ground is hold iing, and we arep a to 185, but for n

switzerland is weighing a measure to pay its residents nothing. under the proposal, every adult will get $2600 per month tax-free. yep, all 8 million people. is so wealthy. the issue was brought to referendum, but the latest polls show the measure will likely fail. why this willow fail come in switzerland of all places? alison: that is bizarre. leon: you would get paid to eat chocolate every day? steve: tax-free! alison: that is something else. i we going to see the sun? steve: we are, saturday afternoon. tomorrow, don't count on it. i'm sorry. , the treefferers pollen is up there in the mold is increasing because we have had 10 days of clouds and rain. 55 degrees at this hour at reagan national, the temperatures really have not moved a lot. the daytime high made it into the upper 50's earlier. 52 winchester and fredericksburg. just to the south, the low pressure is going to slowly slowly drift off to the north as we move through the overnight. the counterclockwise rotation around the system is what will bring the moisture in from the west -- or t

switzerland has always had a slightly digit view of the world.y contention is this is not something that britain is joining come lately to and somehow countries have a plan against us. we're part of it. the trade aspect of the urieuron union moved directly -- i don't see why now we got a situation of a europe that actually serves our purposes. we simply walk away from it. >> thank you very much. very grateful for your time and asking all those questions. and i'm sure we'll be seeing you much in the korcourse of the ne few weeks. >> i'm afraid so. >> thank you. >> welcome to the committee. it's very good to see you once again. i think you know quite a few people around the table here. and we'd normally ask you for an opening statement. probably include what you'd like to see. as long as you want. why scotland should want to leave the european union. >> i think for many of the same reasons that the uk should leave, but there are specific scottish reasons. some of which may appeal to individual members of the committee and others which may not. for

migratory flows are affecting switzerland, too.but not everyone is willing to welcome these newcomers. sometimes there are protests. we explore what's behind them. maria widmer: my name is maria. i come from switzerland. hello. what's your name? mohammed: hello. my name is mohammed. karin sallmann: where are you from? mohamed abdrahman: i come from syria. reporter: they are trying really hard to learn german. refugees from places like syria, tibet, iran, somalia, and eritrea, they have little in common, but are making new lives far from home, a new country with the new culture and a new language. they are here, small village near bern. population 125. it is the stuff of fermented dreams, but it is also traditional and very conservative. almost half of voters here support the right-wing populist svp party. regional authorities decided to host refugees here in a former schoolhouse on the edge of the village. the decision in autumn 2014 was not a popular one. the villagers marched in protest each night. they try to force a referendum

after the war, it traveled from france to switzerland, the netherlands and new york, where a gallery sold it to the oklahoma family in 1956. just four year ago, the heir of a jewish couple whose collection was looted during the nazi occupation of france, said the pissarro was hers. then, she sued the university in federal court to get it back. >> so, we were confronted with a very difficult situation. a very generous donor who in good faith gave us this art, and another family that clearly had this art stolen from them by the nazis. >> reporter: last month, the university settled the case, ceding title, or ownership, to the french claimant and agreeing to share its public display-- a few years in paris, then a few years in oklahoma and back again. >> it's an ethical and moral issue, not just a legal issue. we weren't about to try to compromise our ethics in order to continue to build collections. >> reporter: claudia shaum's family never had a big collection, but her grandparents bought some paintings in the 1920s and '30s. decades later, her parents inherited them, including this sm

denmark, switzerland, germany and norway are the markets closed today. the s&p is 3 points higher, 8 points higher for the dow jones and the nasdaq higher by about 2 points. we saw softness despite strong numbers on friday. but investors are keeping an eye to the oil price as well. we did see strong gains in the u.s. on a weekly basis on friday. and then today getting the bullish call from goldman sachs talking about finally we are seeing the wti crude up 1.9% and brent higher in the neighborhood of 2%. the big question remains l the gains hold? on that we want to bring in rita from energy aspects, do you think this holds? >> i do think it holds. we have been saying for a few weeks, in fact months now, the rebalancing product has started. goldman came out today, better late than never. the rebalancing started in february. on top of that you have algeria and the canadian wildfires. record amounts of 3.2 million barrels per day. yes, there's some volatility along the way. you can always get the week-long exits, but the secular trend is definitely higher. >

what about switzerland? norway and switzerland are very successful, very prosperous trading nations within the eu. wouldn't that work for us? mr. cameron: i think they both have the same problem. in the case of norway, if you take that as an example, they pay into the eu. they accept people. they are objectives of the lead campaign. -- leave. campaign for a country like britain, the fifth biggest economy in the world, do we really want our trading relationship with this very important -- the most important trading partner we have on the basis of a rule taken? yet is paying into the system, as norway does and accepting the , freedom -- free movement of people. why would we want that? i think that argument by the leave campaign has dropped to that now. and they are talking about canada. canada is a good trade deal for canada, thousands of miles away from europe. it's not a good deal for britain because it doesn't have full access to services. it doesn't have full access for ffswithout terrorists --tari for far

david: i don't think there is lot of political correctness in switzerland. just a guess.ow. "risk & reward" starts right now. >> press should be ashamed of themselves and on behalf of the vets the press should be ashamed of themselves. they are calling me and furious because i sent people checks of a lot of money. we'll give you the names right now which is what you want, and instead of thank you very much, mr. trump or trump did a good job, everyone said, who got it, who got it, who got it? and you make me look very bad. i have never received such bad publicity for doing such a good job. deirdre: donald trump speaking from trump tower about his donations to veterans charities. this is "risk & reward." i'm deirdre bolton. donald trump raised close to $6 million to veterans

it's a very small portion of audio from the pilot to air traffic control out of zurich, switzerland.sounds relatively routine. these transmissions happened between a pilot and air traffic control regularly. listen. >> all right. experts i've been talking to say that this kind of transmission simply acknowledges there was a frequency change and that perhaps there was an acknowledgement from air traffic control that the pilot and that plane were now moving to a new air traffic control conversation. but, also, let's note that this is not the last transmission from the cockpit. this new audio comes as we're also getting the first pictures of the debris from the airplane. seats, life vests, and suitcases have been found in the mediterranean sea. things you're seeing right there on your screen. so while clues are continuing to emerge, the biggest questions remain, what exactly happened to egypt air flight 804. this morning, the foreign minister to have france says all scenarios are still a possibility. take a listen. >> at this time, when i'm speaking to you, all hypotheses are being consi

switzerland is cracking down on a bank over a scandal in malaysia. bsi tols have ordered shut down operations over money laundering. executive wants ab inbev beerll off most european brands. ññ1111@1@1@1@1púúa xx 05/24/16 05/24/16 [captioning made possible by democracy now!] amy: from new york, this is democracy now! >> he is dead. if something happened of my son, myself andt mine -- that families shoes. that verdict is s not correct. somebody got to be responsible for that murder. amy: a baltimore police officer is acquitted of all charges in the 15 death o of freddie gray who didied of spinalal injuriest

the investigations and the arrest were made in switzerland last spring. a year ago. they want to make sure this practice won't recur in the future. and that needs to change. belle: also mentioned in conjunction with the panama papers, will be -- will we be hearing more about him in the future. david: i think this is only the tip of the iceberg. he is fairly confident that he can get that over still. he left his position. whether or not it takes place, it quite clearly will be with more and more coming out about his financial affairs. belle: a change in the weather has taught -- brought a bit of hope. they are optimistic they can get a handle on the massive wildfire that devastated home neighborhoods after cooler temperatures and even some rain. the next phase can now begin. 34 people are now said to have been killed in a landslide in china's southeastern province. triggered ie was heavy rain and became deadly when it hit a construction site. they have raised questions over china's industrial safety. korea, speaking ill of the leadership. more than 100 foreign journal

challenge of sequence learn because of the where that may or may not be a priority in terms of switzerland and in those same schools we've offered one of the challenges the fang limits the access for some of the students in particular the english language learners and received special education services we've also realized that we really have potential to maximize how to integrate arts into the other areas it is inconsistent across the district like some schools they're doing that well the program diversities the fact we've been able to capitalized with the arts coerce that say, oh to our children we also have a challenge to adopt the curriculum so address some the challenges we identified those are the recommendations as a group that came up with we visit creative switzerland models how to address this period to considering the 7th day period and how we create that assess for all particularly the arts industry to receiving special education 2030 don't have access we need to insure the standards are driven driving the subsequently learn for the future we recommend that the special developm

challenge of sequence learn because of the where that may or may not be a priority in terms of switzerland and in those same schools we've offered one of the challenges the fang limits the access for some of the students in particular the english language learners and received special education services we've also realized that we really have potential to maximize how to integrate arts into the other areas it is inconsistent across the district like some schools they're doing that well the program diversities the fact we've been able to capitalized with the arts coerce that say, oh to our children we also have a challenge to adopt the curriculum so address some the challenges we identified those are the recommendations as a group that came up with we visit creative switzerland models how to address this period to considering the 7th day period and how we create that assess for all particularly the arts industry to receiving special education 2030 don't have access we need to insure the standards are driven driving the subsequently learn for the future we recommend that the special developm

the oppressors of belgium, nicaragua, croatia, switzerland, and lithuania. this discussion comes at a time of uncertainty in european history, to the very least. or than a quarter of a century after the fall of the berlin wall, the strategic question that emerge in the immediate postwar era. looking back, sometimes, where we are now, we forget the huge importance of getting through the cold war and getting out the other side in at good of shape as we had been. a lot of people are kicked around the idea of whether some of those lessons can be applied other parts of the world including the middle east. turning back to europe and ukraine, instability persists as a separate 2015. minsky's fire agreement has failed to halt the conflict. recentlence has seen a spike with 20 ukrainian soldiers killed in april alone, up from five in january. at the same kind, europe's self is inundated by the humanitarian and security concerns of mass migration, the overflow of civil wars, and it is unclear whether europe will be able to deliver order, security, and the protection o

it is the owner switzerland's biggest pharmacy network.t says it will split into separate companies by the end of 2017. in march, its back said the division would probably occur sometime this year. 11 analysts cover the stock. none have a buy rating and seven have a hold and four have a sell. the average from the analyst is 1.230.30 -- shares are down by 1.83% today. capital partners are selling its remaining stake in the company after helping to transform the german chemical company to a more profitable business focus on animal nutritional ingredients. the private equity firm sold 19.8 million shares priced at a discount. 25.5 euros apiece. quite anbeen investment for the company, but the shares today are down by 3.8%. on the macro level, we had some data from germany. german investor confidence dropping for the first time in three months. it is a sign that growth momentum is stalling amid concerns about a u.k. exit from the eu. and index of investor and analyst expectations fell 6.4 from 11.2. separately we had some strong gdp data from

or the carbon tax side and how much of that should we be -- i was in europe and shocked to hear switzerland has a progressive fine if you get into auto accident. you may more the wealthier you are. wealth taxes you see around the world. so what are the roles with this being part of the debate. >> we keep talk about corporations like they pay tax. we don't pay tax. i learned that from you a long time ago. not only do we not pay it but if we do it is born by people. we want to tax what is not mobile. people are not mobile. our top rates are getting to be as high as they can get and the rest of the worlds are not any higher. it is where they take it in. the middle class in this country is getting a free ride. the top rates in foreign countries kick in around $120-$150,000. that is where the money is. it isn't capital gains really. if you raise the rate on capital gains we have to tax them at best. otherwise the walk-in will be terrible and over the bases and go on for a while. the answer is yes, if we cannot what is not mobile. i am not against taxing consumption. i am not sure it is pro-growt

it's a catholic holiday called pentecost and the same is true in switzerland.king at the oil story, that has been off the hook today. at was rising as much as 3% one point. brent was right up there with it on the back of the goldman sachs call. you can see nymex was closing at $47.42 or i should say heading there. and 5:30 p.m. in germany 11:30 a.m. in the u.s.. stay with us. ♪ show me top new artist. ah, ha ha. show me top male artist. my whole belieber fan group. it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments, simply by using your voice. the billboard music awards, live sunday may 22nd, 8/5 pacific, only on abc. ♪ live from germany's capital, berlin, and new york city, i am matt miller. betty: this is the european close, looking at how we are building on this rally we saw earlier this morning. points. the dow up 126 abigail doolittle has more from nasdaq, including tech movers like apple. apple has the biggest boost, really driving most of the rally. warren buffets in berkshire ad

the audio shows that all was routine as he checked in with air traffic controllers in switzerland. >> thank you so much, good night. >> they have now joined in on the recovery mission. they hope the plane's black boxes will explain why the plane plunked into the sea with 66 people on board. >>> president obama is expected to arrive in vietnam in the next few hours. he left washington yesterday with a trip halfway around the world. they have hung up posters to welcome him. and he said it's the world's -- >>> good morning, i'm karen thomas and you're waking up with us. we're looking at cloudy skies for sure and lickers showers right now. beautiful philly skyline despite the cloudy skyline around it. the sun officially up. a nice picture but we have plenty of thick cloud cover around and umbrellas needed if you will take an early sunday morning stroll on the boardwalk this morning. the showers will hang around today, but not looking for it to be a washout. spotty showers today, may even get peeks of sunshine for a portion of the day there. and looking to midweek for a summer-like warm up

and, counting hungry crows in switzerland.ere in europe the popularity of far right parties is on the rise. they have spread their xenophobic message on the back of fears about the arrival of hundred of thousands of migrants from the middle east and north africa during the refugee crisis.

it has an extensive research operation in switzerland that has a genome sequencing machine, brain labs with laser powered microscopes, very sophisticated research being done by people far, far more intelligent than i am. they are looking into the gastrointestinal system, metabolic health, and the idea is to develop medicines and therapies that are derived from food and delivered by food, so it is a revolutionary way of looking at medicine and food. carol: so some may potentially come with a prescription required from a doctor, some over-the-counter and some on sale already. matt: that is right. there is a slate of these products available from nestle already. they have invested in the company in colorado which makes something called excona, a powdered milk shake, that they say can benefit people with alzheimer's disease. the fda had some things to say about that a couple appears ago and they were not thrilled about some of those claims. there are lots of questions about the efficacy of other products nestle might introduce in the future, but there is an existing stable of these product

switzerland, per capita, sells more to the eu than we do.ven when you look at services, the intra-trade in services within the eu's growing less quickly than eu growth of services to the rest of the world. withgel said, our trade the eu has dropped by 10 percentage points from 54 to 44%. that's a dramatic drop. it illustrates that the eu is a declining product, a slow growth region. some said it like a walled garden. it's like a walled garden in which the trees and plants desperately need some water. carolyn: most businesses are saying they really do value the fact that they have no tariff barriers within europe. and can trade very freely. it enables them to trade more effectively with the rest of the world. to, some of our most important industries, like the car industry which has 10% tariffs. you really believe that germany is going to allow a 10% tariff to be imposed on british cars? carolyn: we need to be incredibly clear and understandable through the process of leaving looks like. norman: you think germany would allow that? carolyn: it

switzerland's biggest posted a loss in zurich insurance -- posted a gain.ali reported a larger than estimated drop in profit on low income from its life insurance business and after record capital gains from last year, shares are down by 4%. aegon is down by 11% in the the owner of is transamerica and reported a 50% drop in profit with alternative assets and hedging backfired on volatility. what a day for the bank of england. his colleagues warned about the risks if britain votes to leave the eu. the bank of england cut its growth forecast for this year and next year and the year after with an inflation forecast in place. he gave a detailed assessment of the risks that could emanate from a rex it -- briggs it -- xit saying itre could cause lower growth and hurt capital inflows and may result in higher funding costs. rateis our lovely interest probability function for december. we will come back to this because paul ryan is just about to speak. >> every year from drug overdoses than car accidents. we have got more of our fellow citizens dying every year from

captures a standard check-in between the pilot and air traffic control over zblirk -- juric in switzerland. . >> reporter: around 2 1/2 hours later the plane begin to move erratically. losing altitude and then plunging into the water. egypt's president, abdel al-sisi said the country is sending a submarine in the same area where they found debris from the crash including human remains. retrieving the black boxes in water up to 10,000 feet deep could prove difficult. a u.s. intelligence source told us that the flight recorders have been approximately located via the electronic pings they emit. but so far there has been no official confirmation. data published by av herald, an aviation industry website appears to show there was smoke on board just before the plane crashed. though experts say the smoke alarms could also have been triggered by a sudden loss in pressure. allistair rosenshine is a former pilot with british airways. >> we can rule out say, pilot error, human error as we call it, because there is no human error that would have triggered smoke alarms. >> reporter: officially though

fair to say that about a millionaire village in switzerland. melissa: there is that. i would like to see how they phrased the question, won't quote, fit in. david: i don't think there is lot of political correctness in switzerland. just a guess. melissa: i don't know. "risk & reward" starts right now. >> press should be ashamed of themselves and on behalf of the vets the press should be ashamed of themselves. they are calling me and furious because i sent people checks of a lot of money. we'll give you the names right now which is what you want, and instead of thank you very much, mr. trump or trump did a good job, everyone said, who got it, who got it, who got it? and you make me look very bad. i have never received such bad publicity for doing such a good job. deirdre: donald trump speaking from trump tower about his donations to veterans charities. this is "risk & reward." i'm deirdre bolton. donald trump raised close to $6 million to veterans organizations and named ones that received money. he says if he is president he will hit back at the press if they write fa

that they are looking at it is awesome. >> so to look at those results finland is another place switzerland will lose that referendum the first and it is proposed they will always lose. baby the netherlands we will have data in a couple of years and canada is still trying to figure out how to figure out their experiment. they don't have data yet the we're still talking about it but will provide interesting data also if we're just putting more benefits in the pile but replacing the existing welfare system and the swiss we have no idea they love to the to the federalist to develop a that is why it will probably lose. so let's finish up with the last question of the afternoon. >> i have two questions. [laughter] i was monitoring twitter and supposed a question asking was there any sibling to the interviews that you did and are you presenting them as representatives? my own question would be if labor person who knows a fair amount about welfare and has read a book or two or a study or to what is the most original thing and would get out of this book? it may be related. >> this was rand and ther

phil: the game took a turn in switzerland. >> it's not that i think no one will know with me. i know they won't. phil: and reach new height in the swiss alps. >> in is so beautiful. phil: first-ever visits to armena and georgia. >> so hot. phil: ended with the closest finish of the season. >> go, go, go! >> they're right behind us, oh, my god. as fast as you can. oh, i see it.