mcmurdo. >> jim templeton i started ye

mcmurdo. >> jim templeton i started years old.will be 68 years old in november. you people can't run a bus company. real world? $15 an hour and no pension. you're paying your muni bus drivers three times what bus drivers in the real worlda"] mae and you're using us as a piggy bank. this is going to in the 25 years i waited to get a medallion, i waited 30 but most guys wait 25. in those 25 years they pay five to 600,000 in gates. and that money goes to buy taxicabs to pay for dispatch, to pay for the mortgage on the building. we created this industry. get your hands out of our pocket. medallions right now have put in $84 million into thisf⌞ójfp ind. and if you want to run a cab company, you run it. you can't take that 1900 a month we'll call it the milk an÷ heinicke industry. you run the damn thing. >> chairman nolan: next speaker. >> corey lamb, followed by carl mcmurdo and dan hines. >> good afternoon. sorry, i have 60 seconds for a lot of things. the one thing i want to say is this saturday, i wasixl1÷ approd by uber taxi lim ox

christopher,h[: followed by jim templeton. >> what you're doing is notxrmyq regulation.ulture. i haven't seen sh

christopher,h[: followed by jim templeton. >> what you're doing is notxrmyq regulation. culture. i haven't seen such bad driving since in the early 1990 when i first glimpsed the first garage scows and how they were handled. seeing a mustache -- it's a -- i think it is your duty to prevent the streets from having the cars also participate in halloween. it's obviously absurd to say that the effort is on a -- basis. the solution you are finding are in fact only those for the companies not for the 7,000 drivers. it's a clear conflict of interest for you to be

joining us from singapore is mark mobius, templeton emerging markets group executive chairman and thank you for being here. i know we'll be talking about the emerging markets, but before we get to that, i'd like you to weigh in on the story saying is to bes stocks are at great levels, could be soaring from here. do you buy into any of that? >> we're definitely in a bull market. not only in the uts, but also in emerging markets. and in emerging markets, the valuations are cheaper than what you have in the u.s. so putting this all together and of course looking at the way money supply has been increasing, i think the bull market will continue. and now we'll probably see emerging markets outperform the u.s. market. this last year, emerging markets have underperformed. now i think they'll outperform. >> it's interesting that you point to the money supply and what the fed has been doing with qe-3 as the reasoning. part of the barons story has to do with where price and earnings are, but you think this is more a story of what's been happening at the fed's level? >> yes. they're the leader glo