that the whole telecom sector is involved in. i would say that we have given ourselves for our five years to go through that transformation. and we hopefully come out again as a service provider, and talking not about telecom anymore. telcos, regulation is key. and it is usually a hindrance when it comes to expansion beard are you facing that in markets in southeast asia? sigve brekke: two answers your question. first, i really hope that they can harmonize regulations in asia. now, they are very different from market to market. i think of some to learn from the european union, where they are harmonizing not only telecom relations but others. the second one, we need to legalize. we are still facing regulations. and i see no reason for doing that. thirdly, we also need new regulations and other types of services. like banking for example, we need regulation for others to come in and take a part of the financial inclusion. so, yes, we are having a major hurdle for regulation. that is ultimately what is the most concerning issue. it

you think there should be a rewrite of the current telecom law? mr. shelton: how much time do you have? [laughter] i think there should be a rewrite. there is a lot of stuff that was laws thatthe telecom have to be fixed. they just have to be fixed. broadband being a part of the universal service, helping people figure out how they are going to pay for broadband, people making less than $25,000 in this country. i think about 22% of them have the ability to get on the internet. you have kids going to mcdonald's doing their homework because they cannot get on the internet at home. that is a crime in the richest country in the world and we haven't figured out a way to fix it and i think we have got to change some of our telecom laws to make sure stuff like that gets fixed. mr. shepardson: a follow-up to what you said. -- it's not a lot of money. think so.n: i don't we have got to figure out other ways to make sure there is enough money. whenlike 100 years ago people had telephones for the first time, we figured out a way to do that. a way had to figure o

the clintons got their cash, the telecom company escaped all sanctions. hillary clinton's state department approved the transfer of 20% of america's uranium holdings to russia while nine investors in the deal funneled

the clinton's got their cash and the telecom company escaped all sanctions. hillary clinton's state department approved the transfer of 20% of america's uranium holders to russia while nine

telecom is a space interesting right now. we see telecom as being fairly cheap.ve price momentum. we have focused on. there are very few telecom companies, so only about five major telecom companies. it is a fairly concentrated industry. have reallyt mlp's hit their bottom in february and are participating in the rally we seeing in oil prices over all. it is down a little bit this morning. we think that is another interesting play. we think they're better than utilities on the downside. those are the sectors we would focus on. the williams transfer energy deal -- will that go forward? what do you think about those stocks? lee: no, we think both are good stocks. williams and energy transfer are good companies. will unlikely the merger go forward. we think that will be better for both companies. we expect some improvement in the overall prices that are available to both companies as the merger cools off. amanda: can you paint a picture for us? the risk of default, what are you seeing? is interesting. we thought that credit -- talking about high-yield in particular,

the telecom service sector is expecting the highest growth at 8%. that sector, at&t is driving growth and that company is benefitting from its acquisition of directv from last year. if we take at&t out of the sector that 8% growth drops to a decline of 4%. you can see at&t really the driver of growth in the telecom services sector. >> can we go through the laggards? >> and i was going to asking, what's tripping technology? >> if question look at the sectors expecting the lowest growth, again, energy sector, we've talked about that. a significant decline of 75%. although as i said the estimates have come up on a year over year basis, you're still looking at a significant decline. the sector expecting the second-highest decline is materials, down 11%. weakness in metals and mining there. the third is technology as you mentioned. that's expected to be down 7%. a lot of the weakness there can be attributed to apple and the reason for that is lower iphone sales. as we know, iphone is one of the main drivers of revenue growth for apple. iphone sales expec

and i think we've got to change some of our telecom laws to make sure stuff like that gets fixed. >> host: mr. shepardson, time for one more question. >> so the fcc has proposed expanding a lifeline program to allow people to use -- >> guest: right. >> but it's not a lot of money in some cases. will that be enough money for people to get on? >> guest: i don't think so. i think we've got to figure out other ways to make sure there's enough money to -- you know, just like a hundred years ago when people had telephones for the first time, we figured out a way to do that. we now have to figure out a way to make sure or that kids and old folks and people who can't afford it have an ability to get on the internet and to use the internet for all it's worth. i mean, the education that can be had on the internet is just so important to our children that, you know, how do we not figure out a way to let them do that? >> host: former new york telephone repairman and cwa president chris shelton has been our guest this week on "the communicators." >> today on c-span2 a look at how the army is deal

have apect that will negative on telecoms. interesting we are seeing a positive for at&t as well as verizon. at&t said rising looks forward to the supreme court appeal of today's decision for many shouted rules. investors are saying they will try to push back against this. google down by .5%. it would actually help google there. take a look at what is happening with financials. financials are the biggest laggard now. it is down 16% here. down 5%. what is going on in commodities and currencies? falling in and nymex tandem with equities. that is despite what is happening with the news coming up, the international energy association. disappearing faster than expected, they will see supply and demand almost balanced by this time next year. nymex crude is falling down 1% right now. this is up by .5%. i thought it would be falling. , riskier currencies. david: let's get a check of the headlines. mark crumpton. angle he rejecting insistence from republicans that the united states should describe terrorists who happen to be muslim as

the clintons got their cash, the telecom company escaped all sanctions. hillary clinton's state department approved the transfer of 20% of america's uranium holdings to russia while nine investors in the deal funneled $145 million to the clinton foundation. $145 million. hillary clinton appointed a top donor to a national security board with top secret access. even though he had no national security credentialing, though he did make a very large campaign contribution. hillary clinton accepted $58,000 in jewelry from the government of brunei when she was secretary of state, plus millions more for her foundation. the sultan of brunei has pushed oppressive sharia law, including the

energy, telecom, information technology of the most. materials down the most, only .2%, but that is on falling commodity prices. consumer discretionary and health care down similarly. take a look at what is happening with energy. the biggest energy risers. this is in large part because of what is happening with natural gas, rising because of record heat happening in the u.s. west and southwest. also, look at what is happening with airlines. airlines are getting a bump. united airlines corporation is why 3.6%. they unveiled a plan to save money and increase revenue. a change in its frequent-flier program as well. alaska, delta, and america also about 1% as well. david: how about some laggards? ramy: we were talking about biotech earlier. take a look at what is happening with currencies and commodities. nasdaq biotech down 1%. off of session lows. it is down 10 of the last 11 days. basically the biggest percent loser is impax. $500 billion about to buy 15 generic drugs from tivo and allergan, who are heading for their own merger. vonnie:

that's the telecom comes. telefonica in spain. telecom all theia.nd the insurers are following through from what we saw yesterday. insurers in a broad base rally and rising. meantime there are still parts of the uk market that have been pummelled and remain in very depressed state. so you may see house builder taylor wimpey up it's still down 30%. those property stores office stocks concern that big companies could leave, for example the financial center in london. today that stock up is 7%. after two days of rises still losses a fifth of its value. fascinating day. the message for a second day in europe is one of rebounding equities. guys, back to you. >> up next, a key player in the greek debt cries. we'll look at the global implications of britain leaving the eu. charles dallara will be with us. >>> good morning. i'm sue herrera. by a 68-32 vote puerto rico debt relief bill has cleared a critical hurdle in the senate. the vote comes 48 hours before the island is expected to default on a $2 billion debt payment. final passage is expected by tomorr

and the s&p 500 helped by gains in telecom and energy rose about 5 points. >>> presumptive democratic presidential nominee hillary clinton went after her republican rival donald trump, characterizing him today as dangerous on the economy. >> just like he shouldn't have his finger on the button, he shouldn't have his hands on our economy. so let's take a look at what he did for his business. he's written a lot of books about business. they all seem to end at chapter 11. >> by atacking his private sector record, clinton's goal was to demonstrate trump is unfit to manage the economy and it does follow a similar attack that she made on trump on national security. john harwood has been following the story for us. john, ms. clinton has been pretty adroit or adept at ridiculing mr. trump. what else did she say and did she get her message across? obviously it was a friendly audience. >> yes. we'll see what i mean pact it has. as she did in the national security speech, she spoke very deliberately, calmly. it was trying to portray a measured tone as compared to donald trump, who she's casting

it's defense that's leading the way, like telecom and utilities and staples. they are trading like growth stocks, so what's with that, guy adalai lama, what do you think? >> first of all, sue, thanks for filling in, yeoman's work and great effort by you. i've got to tell you, that melissa lee, dove clock. >> i used to have to run for blocks to get down to the new york stock exchange when traffic is back and the poor thing has been sitting there like sweating. she will be here in a second. >> the irony, sue, is last night i slipped on to the set about 20 seconds late for the second time in the nine and a half years that i've actually pulled this stunt. melissa thought it was such a good move. >> she copied you. >> probably got me by more than 20 seconds. >> she will be along in just a little bit. >> thanks for being here, sue. steve grasso has been here for a while in terms of telecoms and utilities and why they have been going higher so steve can speak to that. i think one of the biggest problems with this market though is that those names are outperforming to

the clinton's got their cash and the telecom company escaped all sanctions. hillary clinton's state department approved the transfer of 20% of america's uranium holders to russia while nine investors in the deal funneled 145 million dollars to the clinton foundation. hillary clinton appointed a top donor to a national security board with top secret access even though he had no national security credentials although he did make a very large campaign contribution. hillary clinton accepted 58,000 dollars in jewelry from the government of brunigh when she was secretary of state. they are pushed oppressive laws including stoning if you happen to be gay. the government stands to be one of the biggest beneficiaries of the transpacific partnership. hillary clinton's book, hillary took 25 million from saudi arabia, and much more from others, where being gay is also punishable by death. hillary took millions from kuwait, qutar and countries that abuse women and the lgbt citizens. to cover up her corrupt dealings, hillary illegally stashed her state department e-mails o

on the flipside, some of the stocks going up 92 -- limited to utilities and telecom. it also has to do with gold rising. as people move into the more risk-averse trading today. scarlet: i like the way you put it, it could be worse. when you look at other asset, it stayed where it was. julie: interesting that we have seen this bounce off the lows with stocks but it has been stable in other assets. we saw-year yield, where the big drop after the job report came out, is now pretty much where it was after the report. the dollar, similarly, when down, and stayed down. looks like we have a glitch with that one. oil and gold, hopefully that one is working better. oil went down and stated down. so stocks are really the outlier in that respect today. scarlet: we will explore that further, thank you. let's check in on the first word news. mark crumpton has the latest. trump will continue his swing through california today with a rally in writing. last night, things got ugly in san jose, gallup on your. supporters were attacked by protesters as they left the event. at least a do

>> i think if i was an investor i would hold tight but would go overweight into health care, telecom, utilities, only because i think rates will be lower for a lot longer than most of us even have begun to guess. this is a political dumpster fire. that is all it is. it is not a lehman moment. it will be very complicated to figure out. it is going to take a long time to figure out. the fact other countries like france, italy, netherlands saying hey, me too. we want to get out of eu. what do we do? we have to wonder fear or it is fantasy. with that said i think it is good time to be overweight low beta stocks. consider that to be utilities and health care and telecom and leave everything else for everybody else right now. long time, in the long run it could be a great opportunity but i would hold off right now. liz: five minutes, folks. five minutes to go before closing bell rings. i know larry will run and trade, before i let you go, tell me right now what you see here. will we see more bargain hunting as we have few more minutes to go on very rough day. dow is down 530. arguably well

are higher, and telecoms are losing the lead.nd jim, what is the advice here after so much of the hunt of the yield for such a protract ared period of time? >> well, simon, it is looking to make sense for yield here, and we are in the third year of the s&p 500500 being in the range of 1,900 to 2100, and with today's news, there is little news to give us impetus to the far side, and as said, there is not a recession in the offing, and stuck here, and the yields matter, and having said that, i do believe that utilities are a little bit too defensive right now, and you can take some risk in some of the cyclical names and something like a general motors or the marathon petroleum where you will get 3% to 5% dividend yields and a little on the upside as the economy performing a little bit better than expected. >> well, you don't want to get too defensive here which is why i would say that i would not go into the you tutilities and the telecoms necessarily, but i would look at the u.s. high yields and if you do that you are looking at 6

here is what we learned from the book in addition to what we have n telecom giant faced state department sanctions for providing technology to iran and other oppressive regimes. what did this country do? for the first time ever they decided today bill clinton, $750,000 on a single speech but clinton have their cash, the telecom company escaped all sanctions. hillary clinton's state department approved the transfer of 20% of america's uranium holdings to russia, 9 investors funneled $145 million through the clinton foundation. $345 million. hillary clinton appointed a top donor to a national security with top-secret assets. even though he had no national security credentials, made a large campaign. hillary clinton accepted $58,000 in jewelry from the government of brunei. plus millions from the foundation. would push oppressive sharia law, including the punishment i death and stoning if you happen to be gay. the government of brunei stands to be one of the biggest beneficiaries of hillary's transpacific partnership which would absolutely approve if given the chance. hillary clinton's book

. >> the most outrageous is the swedish telecom case?ericsson is having big problems with the state department under hillary clinton because they have this habit of selling telecom equipment to repressive regimes in places like iran. ericsson decides in the midst of this, this would be a great time to sponsor a speech by bill clinton, never done so before. decided to go in big, $750,000 for a 20 minute speech. bill gives a speech and literally seven days later, the state department says we're not going to take further action against ericsson, we're going to ask them to police themselves. john: most of your film is about the clinton foundation, employees lots of friends of the clintons and raised $2 billion. the money is supposed to help people in need. >> after the earthquake in haiti, the clintons said our foundation will help. >> the aid is coming in, we're getting it out, just not enough of it, yet. >> hillary clinton's state department would oversee the reconstruction effort. the interest of major donees who are had invested interest

david: some have characterize your competition with telecom italia as a war.ould you characterize it? we are not fighting against them. i can understand that maybe this is perhaps seem like an invasion or some kind of occupation. at the end of the day, we are laying down an infrastructure that they can use. in fact, we think they should come to terms with it. if these guys are doing it and they are not getting to the competition with the customers, we are not looking at that. let's use them. i think they will finally see that we are not a threat but actually an enabler for them to reach customers more efficiently. david: last question, as you a how closely are you watching the referendum in the u.k. this week, how would this affect your business? to there not exposed u.k., we don't have operations. i could say it is not really my business, but in the end, i think it is going to be extremely critical for the business we are in, because we have a sizable position in happens.f brexit investors from outside the world will look at europe as a troubled area. somethi

this deal, what does it mean for san miguel's plan to break into the telecom?> what you have as a sellout of $1.15 billion. what is does mean is they have been precluded themselves by selling this to get into the telco market. that money as the chairman talked about earlier in an interview was going to be focused on other infrastructure plays. as you know, san miguel is aggressively expanding. from roadway, tollways, ports and even power. that money may be used to pare down their debt or or expand their warchest into their sectors. >> billionaire investor carl icahn has taken a large position in drugmaker allergan. he's very supportive of the ceo. icahn helped place him there. he of course has bet on a lot of big companies, whether it is apple or other names. and he pushes the one he thinks will raise shareholder value what does he have in store for allergan? >> i think we may have to wait and see. he put out a statement and he does take pains to say that brett saunders is a great guy. these guys go way back. a bunch of years of icahn believing in this guy. tak

there but bonds from telecom italia. -- there bought bonds from telecom italia. >> what is the impact>> it tells us investors are in a lot of corporate debt right now and they're reaching down the high yields. >> the has been a plan to approve public-sector wages as part of the post-oil future. the kingdom sees the debt searching to 30% from less than 8% now. you read through the announcement. what was most significant? >> it is the debt portion of the announcement. it's a grand bargain with the saudi people, which is taking a nation with nearly 80% of people working for the government and increasing the debt load from 7% to 30%. it will create a hugely liquid market. the other big piece is of this jigsaw were of the nonoil revenue. they tried to break saudi arabia's linked to oil, but they are talking about nonoil revenue billion reality to 530 billion. this is reform for the nuts and bolts of this come to two numbers. the debt load that you mentioned and the other is going from 45% of the nation employed by the government to 40% employed by the nation. cutting subsidies and boosting

. >> metro hopes regular riders will telecom mute and the retest will come on monday. >> discombobulate 60,000 people but if it saves lives it is it is good. >> it is complicated work. july 3rd. near stadium armory. pete muntean. >>> a mammoth task and we will get through this together. on the blue line shut down between armory and rosslin and it will force the commuters to use the yellow line to get in and out of dc. we have the list of closure our wusa9 app. >>> he wasn't campaigning but donald trump in washington today to testify in the ten million dollar breach of contract lawsuit, presumptive presidential candidate was met by latino activities. trump is suing over the restaurant and stemming from denigrating remarks and people urged donald trump. >> after doing with donald trump, that means you are standing with his agenda and we will not tolerate remarks like that and i speak on behalf of immigrants in this country. >> >> protestors say the chefs that t for millions did not want to tarnish their brand by association with trump. >> in fairfax county, a sentence in a big court case.

also in the telecom industry, t-mobile has a new offer for customers. >> for more on that we turn tolandon dowdy live at cnbc world headquarters. good morning. >> good morning. wall street looks to add to monday which saw the s&p close at its highest level of the year. janet yellen says an interest rate hike is still possible. most people think the fed will hold off till this fall. look for data on productivity and labor costs and consumer credit. the dow closing 130 points to 17,920. nasdaq 4968. verizon could make a play for yahoo. they plan to make a $3 billion offer for yahoo's internet business. verizon said it's not interested in buying yahoo's other assets including real estate. yahoo is expected to hold one more round of biddings. >> t-mobile wants you to be interested in the company literally. its latest promotion, the wireless carrier will give one share of stock to customers with a post paid or monthly account. t-mobile is launching a t-mobile tuesday's app giving all customers weekly perks such as free food, movie tickets and ride shares through lyft. >> thank you very mu

the telecom giant vodafone has been the latest to it could move abroad over the brexit decision. it says the free movement of and goodspital provided by the e.u. was to itself operations, currently in london. firm on seventh largest the ftse 100 stock exit. other companies try to come to terms with what brexit will mean for them. about a quarter of the firms are as theyfreeze hiring wait for more clarity on the circumstances. >> there needs to be clarity, about e.u. citizens already here. employ0% of our members non-u.k. e.u. nationals and we that theiritment rights to reside here will be protected because the last thing makeess wants is to retrospective changes to its work force, getting visas for already here. also, they want to have try to have as much unrestricted access the single market as possible. >> tuesday's deadly attack at istanbul's airport was the latest in a spate of violence that has swept across turkey in recent months, a further blow to the already struggling tourist industry. reporter: the terrorist attacks an adverseaving effect on the tourism industry's botto

vo >> reporter: a manager at the telecom company that started this wants it to spread nationwide. >> as i said, it's an holistic marketing solution, not just an internet solution. streaming the olympics is a good target for us. >> reporter: at japan's 2020 olympics approach, the future looks bright. >>> that's a look at business news. i'm going to leave you with the markets. >>> the u.n. security council is condemning north korea's recent missile activities. it said in a statement that the north's repeated launch attempts are in grave violation of the country's international obligations under the council resolutions. the u.n. body also says the country is diverting resources towards ballistic missiles, even though citizens there are in great need. north korea is believed to have fired a missile tuesday that failed. south korean officials say it was a new type of medium range missile. the council is also urging all member states to fully implement tough sanctions against the country. in washington, u.s. treasury officials are moving to step them up to block pyongyang's funding for its

attracted tore telecoms because of the u.s. exposure.ed about multinationals in europe getting a benefit from a weak currency. multinationals in the u.s. would get a headwind from the strong currency. we also like the biotech. guy: do you want to get more specialized? ubs has a high net worth individual fund. this is becoming more interesting. patrick: it is. there will be so many breakthroughs. over the long-term, they will grow at a faster rate. trading -- they are trading at a market multiple right now. patrick, what about the political risk in the united states? you have it clear and present in europe. what about trump versus clinton? on theas much pressure back of what might happen. patrick: i think the biotech companies may be held hostage to around notve allowing price gouging for these companies. however get in power, the lobby will be strong. they will not kill off the biotech sector. that is a growth area for the united states. that is a area where they want to foster growth. in the near term you make it better at keeping price

surprisingly, utilities gained telecom -- joined telecoms with upside guidance.n u.s. treasuries which saw yields on the ten-year, check that 1.63 number, that massive february low, that was the bottom. but since then stocks, oil, almost every asset class has come back significantly from those february bottoms. so why have yields come back down? joining me, steve cortes. steve, i know typically for a while you've been somewhat in the bearish camp. for me it looks like this inability to break out sparked some fear, but these days fear begets fear pretty quick. >> right. >> you know, charles, i remain bearish, but the good news is we're very, very close to all-time highs. the bad news is we've also been at these prices for about a year and a half now. we were here in the dow jones industrial average in late 2014. so while it's terrific to be at elevated levels, are we, are we plateauing? i would argue we are, and i think the main reason, by the way, look, we talk a lot about politics these days, as much as we do about markets on this show. i look forward to the day

telecoms are not a huge sector compared to energy. reason there, we see drops in crude oil and many commodities. so, you will be miners and energy companies down today. let's look at the individual stocks that are moving. very weak last month, down 21%. hemont.is down .8%, ric axa has come out with bank estimates that were in line with the estimate. for example, 2.1 billion euros in savings by 2020 and investing one billion euros in savings. and there you see glencore, as i said. energyand companies are down across the board today. a stronger performance yesterday. this is after the remain rally really kicked in. today we are softening up a bit. that is the financials of the week. let's let this reset. on the banking sector, we are down by 0.5%. let's bring out guest back into the conversation. is there -- i in trying to understand magnitude here. so, you downgrade the u.k. as a sovereign -- walk me through the read into the financial sector. >> we have been clear on the sovereign. the financial sector, look at the banks in the u.k.,

the clintons got their cash, the telecom company escaped all sanctions. hillary clinton's state department approved the transfer of 20% of america's uranium holdings to russia while nine investors in the deal funneled $145 million to the clinton foundation. $145 million. hillary clinton appointed a top donor to a national security board with top secret access, even though he had no national security credentials, although he did make a very large campaign contribution. hillary clinton accepted $58,000 in jewelry from the government of brunai when she was secretary of state plus millions more from her foundation. the sultan of brunai has pushed impressive sharia law including the punishment by death and stoning if you happen to be gay. the government of brunai also stands to be one of the biggest beneficiaries of hillary's transpacific partnership, which she would absolutely approve if given the chance. hillary clinton's book, and just think of this, the book talks about it but hillary took $25 million from saudi arabia and much more from others, where bein

the telecom sector, the health insurance sector. look at food as a giant agriculture companies. all these areas you have these giant businesses that need to be broken. that ceos of those companies would not like it. i think the enemies come it's a great question, are those who currently hold power. richard reeves. you have to speak in an american accent. >> i can't do that. talk a bit about how this all happened physically. the famous british philosopher said everybody is in favor of the decentralization power down to approximate the level which they currently sit. [laughter] >> steve and i worked together in government, editing out experience board that out is whether governments tend to be hugely in favor of states getting power and county is in favor of councils and power. the trouble is could you want to give power to are in the structure moment don't have a -- all the people who are currently in positions of power will want it to go down as for you wanted to. so talk about the politics of bringing about this change. >> such a great question. i don't want to give a flippant

the clintons got their cash, the telecom company escaped all sanctions. hillary clinton state department approved the transfer of 20% of america's uranium holdings to russia while nine investors in the deal funneled $145 million to the clinton foundation. $145 million. appointed a top donor to a national security board with top secret access. even though he had no national security credentials although he did make a very large campaign contribution. hillary clinton accepted $58,000 in jewelry from the government of brunei when she was secretary of state and millions more for her donation. the sultan of brunie has push e sharia law including death by stoning if you happen to be gay. the government of brunei stands to be one of the biggest beneficiary of hillary's transpacific partnership which she would absolutely approve if given the chance. hillary clinton's book and just think of this, the book talks about it but hillary took $25 million from saudi arabia and much more from others, where being gay is also punishable by death. hillary took millions from

maybe it's telecom because why do i need to be an overlevered telecom player when netflix, amazon and google can come in with all the cash available to them and price me out of the market. i think it could be six, nine, 12 months. >> one of the things we've seen is a lot of the resource companies, the em, the worst credits out there have not only been coming to market, but able to refi debt at significantly lower rates. that's what this is supposed to do. >> sure. >> the rolling blackout period means a lot of these industries have gone through painful restructuring, no bad projects, and forces them ultimately to be better stewards of capital. i'm not saying this is ultimately good. but i look at resources, and again, okay, big move down, okay. the reality is, what's the trade for tomorrow? a lot of these guys have balance sheets where there's a significant environment for them to refi debt at rates they could only dream about last year. >> i think that's a hundred percent right. that's still very rare cases. look at high yield, only 11% have tapped capital market in the last 12 months

the clintons got their cash, and the telecom company escaped all sanctions. and hillary clinton's state department approved the transfer of 20% of america's uranium hold ings to russia, and while nine investors in the deal funneled $145 million to the clinton foundation. $145 million. hillary clinton appointed a top donor to a national security board with top secret access, and even though he had no national security kre den is shalls, although he did make a very large campaign contribution. hillary clinton accepted $58,000 in jewelry from the government of brunei when she was secretary of state, plus millions more from her foundation, and the sultan of brunei has pushed oppressive shariah law, including the punishment by death and stoning if you happy to be gay. the government of brunei also stands to be one of the biggest beneficiary of hillary's trans-pacific partnerships which she would absolutelyp approve if given the chance. hillary clinton's book and just think of this, the book talks about it, but hillary took $25 million from saudi arabia and much mo

in terms of the winners and the losers, i don't know if you have the full screen ready, but the telecoms and the reits are continuinging to do well today on the prospects of the lower rates and continuing to see the banks on the prospect of lower rates to perform poorly, and defensive sectors outperform like the consumer staples for example, but it is a complicated situation, because many of the consumer staples have exposure to europe like procter & gamble so we can't say buy consumers or defensive stocks on that point. and with material, the key point is that the dollar strength impacting the commodities overall is weighing on the energy and materials and weighing on the industrials and many of whom of course export rather dramatically and remember, they have significant exposure over in europe, and is so it is is complicate and john, you and i were talk about the fact that many of the technology stocks have exposure to europe as well. >> indeed. priceline which is one of the stocks with the biggest expose su -- exposure to some of the stocks such as ebay down 6%, and some of the ads p

is going, and whether this hunt for yield which is the lead of our show means that the utilities, telecomsnd other bond-like proxies are going to continue to work. >> yeah, let me draw a distinction here, because some of the tocks that we should be in are cash-rich, and the dividend-paying stocks, but it is not because i want the yield in a low yield environment, but because i want the defense in the environment where the fed is driving a car with the front windshield fogged over and they don't know what is ahead on the road, and you have the brexit vote, and the tea leaves are pointing to the exit, and that not an end of the days type of event, but it is going to royal the market, and joe, you made a good point that if we get the end of the earnings recession, you can see a breakout, but here's the thing, the market is in a show-me state, and it is not going to be anticipating the end of the earnings recession, but wait and see the earnings which are at least three weeks off, and really four weeks until it is going. and so i don't see us going anywhere and a lot of risk to the downside an

the manager at the telecom giant that installed this wi-fi infrastructure wants the business to spread nationwide. >> wi-fi is just a holistic marketing solution not just internet access technology. it's a good target for us. not only are you in japan. >> reporter: as tokyo's 2020 olympic games approach, the flood of tourists is expected to grow. the future for wi-fi business looks bright. >> that's the latest in business. >>> now it's time for eye on asia. 15 ethnic uygurs have become begun a hunger strike calling on the country's government not to deport them back to china. the congress says around 70 people are now in thai detention facilities. more and more are leaving the region aiming to head through thailand and reach turkey where they have ethnic ties. they're fleeing what they call beijing's oppressive ethnic policy. hundreds of them have been detained in thailand since 2014 on suspicion of illegally entering the country. more than 100 have been deported to china. a military court in thailand indicted two last august on charges including murder in connection with a bombing in