secondly, the presidential system is not today's matter. writing of a new constitution is something all political parties in turkey have desired over the last 15 years. the presidential system is something that needs to be discussed within the framework of the debate on the new constitution. as the justice and davone a party, we do not have the majority to make a new constitution or change the system so we need to agree on this in parliament. we need at least 330 votes to bring the proposal to a referendum. currently, we don't have that majority. we are extending a call to all political parties. we are telling them we should act together to meet the needs of the entire population of 79 million of this country so everybody owns the constitution and it is presented for the approval of the nation. this is our position today and it was the same position yesterday. why do we need a presidential system? it is necessary for security and stability. under the system, there would be no one attempting such a venture because an absolute political will w

presidential system is necessary? which is necessary for stability and security. under theial system there would be no one attempting such an adventure because then it up to the political will would be in charge, a week government would encourage coup plotters. has been several such attempts during the reign -- we have only succeeded in thwarting them. how we succeeded because the nation was backing us. as gamersming up continue their hunt for pokemon nintendo investors need a search harder for value. ♪ ♪ welcome back. one of the big topics in asia, nintendoon go affect, shares plunging. you have been watching this, angie? angie: it is 80% down. -- 18% down. when pokemon go launched nintendo has almost doubled its share price to evaluation of $17.6 billion but it has given today.out $6.4 billion stocks sinking back down to earth and by now it is close to that limit, 18%. nintendo actually before it reports earnings on wednesday said today that all of this so,ctations for profit -- for all of those investors expecting an upside, do not expect it. you can get additional persp

andrew jackson is the beneficiary of that huge change in the american presidential in the american presidential political systemtac.com >>> welcome to our viewers in the united states and around the world. it's 8:00 in the morning. i'm max foster in nice. >> and i'm becky anderson in paris. and this is "cnn newsroom." we are following two major stories this hour. the attack in nice and the failed coup in turkey. and that is where we begin. turkey's president is blaming an islamic cleric in the u.s. for friday's coup attempt. he's asking the u.s. to arrest him or hand him over. meanwhile, s

the powers that traditionally used to be with our monarch. it sound quite an old system too many people. it's very different than the presidential system, but it's one that sort of evolved over many, many centuries and at the moment, it seems to have still been working. we've seen a lot of challenges to that system in the past few weeks. >> yes, and to be a fly on the wall to those conversations with the queen later today. of course, as many people particularly in the u.s. have seen. we're changing over the prime minster without animal electi e what are the chances we would see an election quite soon after wards. >> at the moment we're not doing a general election until 2020. we have an act that is much more difficult for a government to ask for a new election. they have to get the support of parliament to be able to do it. there's a few more hurdles to be able to get the general election. there are a lot of political pressures that mean she may want to go early, but a new prime minster coming in this way isn't unusual. half of our prime minsters have cone p come in a change of prime minster without a general election. it's not

to combat that concern, they created the original presidential election system and they gave each electorate to votes for president. but they required that one of those votes had to be cast for somebody who wasn't from the electors home state. what they hoped would happen is that the second vote, the vote that wasn't going to be home state favorite son would actually produce a national consensus of residence. in essence, they created the vice presidency to provide an incentive for electors to vote seriously so there would be a consequence to their vote, somebody who would be elected to the second office. hugh williamson from north carolina, delegate for the philadelphia convention, at the convention said the vice presidency wasn't wanted, it was created simply to facilitate a valuable mode of residential election. alexander hamilton, who recently has experienced a resurgence, wrote in federalist 1968 that the presidential electoral system including the vice presidency is if not perfect, at least excellent. i hesitate to take mr. hamilton on in his current standing, but i think history would

why a presidential system is necessary, it's necessary for stability and security. under thesident's -- presidential system, there would be no one attempting such an adventure because then an absolute political will would be in charge. a weak government would encourage coup plotters and there's been several such attempts. we have always succeeded in thwarting them. how we succeeded, because the nation was backing us. anna: alex from j.p. mor began asset management is still with us. the prime minister in turkey talking tough about the need for presidential system. evaluate for us the way they view turkey right now? >> i think most investors haven't felt the impact of the coup. they make up just 2% of the international market which is how a lot of investors gain exposure. turkey is a prime case study of the political risk. the political sectors on the ground can be plude an things can change quickly. i'd say look at the emerging new york city -- emerging market investment, so far we've seen a lot of inflows coming in. a stronger u.s. dollar and weaker commodity prices both of t

. >> if you put out an entire critique of the presidential debate, there's a tremendous amount of criticism of the way the presidential debate system works. it denounces the dates without consultation of the parties or the candidates. >> but there were no nominees at the time. >> fair enough. but my point is it doesn't mean it's a good system. i think the idea that the people make all these decisions and parties is it a problem? >> frankly, the entire system needs to be relooked at. the anniberg studies presents why the system is flawed. you look at the debates being on major nfl nights and you wonder why people are upset about that? this was a dumb idea and should be revisited. >> hillary clinton's campaign has a pretty tough ad out there featuring trump in his own voice. let's listen to it here. >> as you can still them to go [ bleep ] themselves. i could stand in the middle of fifth avenue and shoot somebody and i won't lose any voters. it's like incredible. >> sean, we talked about this a couple weeks ago. you're a dad and there is a certain respect that we all want to make sure we give the officer and go home to tell our kids

britain and women's access to party leadership and this has to do with the difference between parliamentary and presidential systems. think about sharing political power, the presidency in the united states is not a position that shares power. the presidency is elected from a specific electorate and is not the same electorate that uses congress. the president is elected by voters indirectly through the mechanism of the electoral college and is at least in theory accountable only to voters the president is not accountable to congress. if congress can't work with the president, doesn't like the president, want to remove him or her congress can't do that for political reasons. congress has to get along with the president, congress may not like. this is not the case in parliamentary systems. a prime minister is the first among equals in a cabinet government and is selected not by voters but his or her party that sits in the national legislature in the lower house. margaret thatcher was selected by the conservative party to be party leader and she led the party into elections in 1979 and having won that election she bec

pressure on the presidential election system. am i going too far? yeah, well, look, it's not just this meeting. the bigger problem is loretta lynch works for a man who desperately wants hillary clinton to be the next president of the united states and wants to do everything he can to hurt donald trump. so there's an inherent conflict whether she actually met with bill or not and some people are saying, oh, look, she couldn't have turned away bill clinton. she had to accept this meeting. come on, if he showed up with a-- envelope full of cash would she have to accept that, too, just to be polite? >> oh. >> the new york media says she was trapped by him. some other women perhaps have been in life, but not loretta lynch. i'm astonished that she would meet with him anyway. the fact that he's a former president of the united states makes no difference whatsoever. she's the attorney general of the united states in charge of the investigation of his wife. >> it's not just of his wife, it's potentially also the clinton foundation and therefore directly or i

they also don't like the fact that he is trying to turn it from a parliamentary system into a presidential one. that has been on -- at the forefront of his agenda recently. he doesn't want a presidential system like the united states, he said. he wants one more like, say, putin. he didn't mention russia's system. he would never accept what obama accepts with congress and the balance of powers there. he certainly has brought part of the judiciary under his thumb. certainly some of the private sector some are estimating 08% of thed me is under government's control not literal control. he is a highly controversial, divisive character. and the fact that a week ago he announced that the syrian refugees would get citizenship that's 3 million and across the political spectrum that was highly controversial and most people reacted negatively. >> of course as a nato ally, we use a base there to help in our war against isis. and you have got the situation where turkey borders syria and iraq. and there has been some thinking by assad in syria that erdogan was allowing foreign fighters to get into the

he changes the parliamentary system to a presidential system, where he holds the levers of power in histalk to me about the flow of money. nearly $16 billion came back into turkey in the first five months of this year. that is what is at risk here. >> that's exactly it. this year, the first five months have been especially strong. you had the return of foreign capital to turkey. as opposed to last year, when there was actually an outflow in the same months. the question is whether that will continue or not. it will certainly make a lot of investors nervous. >> is turkey investable right now? >> not at this time, given the level of uncertainty. >> how will this impact european investment? this is very near for europe. does it add a discount to the european investor story? >> it is still spillover of what happened in the city, it does play into the political risk. but maybe not at this stage. but if things were to get bad, then it would be something to take into account. >> a measure of turkish debt risk rose for a third day, and bonds fell after an investor service signaled it was consid

he's trying to amass power, trying to change the constitutional system, so it is presidential, as opposed to parliamentary. in march, you wrote an impression peace talking about the situation today, that there would be a coup. now that has come to pass. what surprised you on your own prediction? michael: turkey has had four coups before, 1960, 1971, 1980, and 1997, and each time the military worked like clockwise. this time, it didn't. but what also surprised me was the sheer depth of the crackdown afterwards. to arrest more than 50000 people, you had to have that list in advance. so turkey is very polarized, and he faced opposition. he has been very intolerant of that opposition, and he said it was like a gift from god when the coup fizzled and seems like he is willing to run as far as he can in trying to repress society even further. fernando: he has tried. he has made it a crime, or at least it's a project in the parliament to make it a crime to criticize him. how does that square with a democratic government that the united states can then support? michael: well, it doesn't, and this

the president doesn't have any party affiliations. they are preparing a law to allow him to be party chief. he is trying to change the system to become presidential. there is dissatisfaction. the country has dragged into serious civil war. it was brewing. there was something. anchor: we have been trying to measure the political impact, the political ramifications of the coup attempt. how he might proceed this way forward. he has reconciliation paths with political parties or another path where he brings in snap elections. , from hisd to see point of view, the end is the key. he needs enough majority to become presidential. whether that will be achieved by that is theon, if case, perhaps he can do that. if he's not able to get those the snapn't rule out election which will add uncertainty for investors. after winning a majority, people thought, no more votes for four years. is back in the balance. this affectdoes relations with neighboring countries in particular? >> it is a very troubled neighborhood. before that -- >> a nato member. with was already going russia and israel. not prove alicy did success. the downing of the russian aircraft last ye

the upcoming u.s. presidential election bring more uncertainty to the financial system and the industrials in particular? not necessarily. history shows us that in the five months leading up to election day execs concluding 2008 when the u.s. stock market was in turmoil, the s&p 500 was up 2.5%, but the industrial sector was up by over 6%, far outperforming the overall market. the top industrial stocks were kansas city rail, general dynamics, raytheon, union pacific, fedex and citi recommends sticking with larger cap companies. >> we like things like ge, honeywell, 3m, and we like these names because their diversification should help in a relatively slow-growth world with a good amount of uncertainty. >> reporte and with all this uncertainty, the federal reserve looks to be holding on interest rates for the rest of 2016 which, again, is a boost for industrial shares. for "nightly business report," i'm susan lee. >>> coming up, investing in the red hot rental market. there's a new way for some to do it regardless of your income. >>> here's a look at what the to watch for tomorrow. the big ault-makers wil

. >> many say this is the president's chance to galvanize power even more in a presidential system. rdogan wanted for a few years. he changes from a parliamentary system to a presidential system, where he is the dominant. >> talk to me about the flow of money. that is what we're looking at in terms of currency and the equity market. that is what is at risk, the flight of capital and the current deficit. >> this year, the first five months has been quite strong. you had a return of foreign capital to turkey. as opposed to last year when there was an outflow in the same first five months. the question now is will that continue? this will make a lot of investors nervous. investable right now? >> i would say no. >> how does this impact european investments? is it discounted to the european investment story? >> not necessarily. we have seen that in the whole crisis. spillover of what happened in syria a long time ago. it plays to the political risk in the market. maybe not at this stage, but if it gets bad. >> the measure of turkish debt risk rose and debt fell after moody's considered it

the party and presidential nominees. >> and we are silently protesting. >> the system is rigged and that's why we are walking out. >> hundredsd out after the roll call. >> we want a clean -- >> and when he switched votes to hillary anger erupted. >> and the dnc has always been hillary or bust. >> and chanting the world is watching. >> what we know is fact from the wikileak emails is that the dnc had a plan to disrupt bernie at every step. >> and that wasserman schultz stepped down that was a good first step. they need to be more forward and open and transparent. and i thought that i was fighting a fair fight in the field and it wasn't. >> right now we need to show our unity, republicans are looking at us. >> will you vote for hillary come november? >> it is too early. i am focused on tonight. >> i did speak with the rnc spokesperson saying the divisiveness in the democratic party gives them a lot of confidence heading into november. christie ileto for channel 6 "action news," jim? >> thank you, christie. >>> it was anything but a silent protest along broad street. hundreds of demonstrators rallied against what they describe

. >> the government has been working hard towards these changes. a parliamentary system to a presidential holds the levers of power in his hand. >> the currency committee equity market, 50 billion dollars came back into turkey in the first five months of this year. that's exactly it. the first five months have been especially strong. you had the return of foreign capital to turkey. as opposed to last year when there was now flow in the same period. the question is whether that will continue or not. >> is turkey investable right now? >> not at this time, given the level of uncertainty. >> how will this impact european investment? does it at a discount to the european investor story? it is still spillover of what happened in the city it does play into the political risk. but maybe not at this stage. >> a measure of turkish debt signaled it was considering cutting the country's credit rating to junk. at thewatching the lira moment. cuttingsideration about turkey's credit rating, is that more about politics or economic fundamentals? >> very good question. there's two elements. which hasitical

>> president obama hitting the campaign trail today with the presidential candidate under investigation by the fbi. >> the system is totally rigged. >> why our next guest says those words you just heard could be trump's ticket in november. >> dramatic video showing how dangerous street racing can really be. the terrifying moments. your car insurance policy is 22 pages long. did you read every word? no, only lawyers do that. so when you got rear-ended and needed a tow, your insurance company told you to look at page five on your policy. did it say "great news. you're covered!" on page five? no. it said, "blah blah, blah blah blah blah blah..." the liberty mutual app with coverage compass™ makes it easy to know what you're covered for and what you're not. liberty stands with you. liberty mutual insurance. hei don't want one that's haded a big wreck just say, show me cars with no accidents reported find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing i like it start your used car search at carfax.com trust number one doctor recommended dulcolax constipated? use dulc

similar changes of their own, and historians say the increased reliance on the primary system changed the landscape of presidential the smoke-filled room has been aired out, and it's been replaced by a kind of silicon valley work space filled with very smart number crunchers. >> the last time the convention started without a clear nominee was 40 years ago at the republican convention in 1976. >> west virginia, eight votes for reagan, 20 votes for ford. >> ford for that lnarrow low de based on the primary results. conventions haven't been nearly as suspenseful over the past decades. but they still serve important functions. >> in addition to highlighting the presidential nominee, conventions provide a party for to showcase its up and coming rising stars. >> like the state senator who first walked on to the national stage at the democratic convention in 2004. >> there is not a black america, and a white america, and latino america, and asian america. there's the united states of america. >> clearly, the impact of the conventions can extend well beyond the selection of the presidential ticket. >> you know what the ou

capitalist system but an energetic government, because i'm a product of the public education in the k-12 school system. we do need government as a complement to the free market. >> we have got a presidential candidate who gets that and a presidential candidate who wouldn't on our best day understand half of that. anthony: ifer outside of the bubble of washington which you are, what would be one thing would you want to do on january 21, 2017 to improve the lot of the most amount of americans? >> we need to simplify the tax code. but you can't do that on day one. but what you can do on day one is say i want every head every agency to bring me a list of their regulations list them from the most important to the least important. the next 10% you have got to explain why you need them. anthony: next up bob murray from murray energy. mr. murray is making it no secret what he thinks about a donald trump presidency and how it will help his industry. we are here with bob murray, please tell us your thoughts on the coal industry under a trump administration. >> it will be a lot bert, d a lt better, anthony. barack obama has cut the coal industry in la half. of -- in half, coal prices are cut in half

the gop presidential nomination. the billionaire businessman laying out his core message. >> nobody knows the system better than me, whiche can fix it. >> his plan for america in one of the longest convention speeches ever, but the night not without controversy. we're live in cleveland. >>> breaking overnight a brush fire spreads to a poe tell creating a massive blaze. guests inside were forced to evacuate for their safety. we have new video just in. >>> and the heat dome dominating the country on the move scorching temperatures for most of the nation where triple-digit heat is expected this weekend.

the presidential race. >> trump's reaction was instant. saying quote the system was rigged. petraeus got in trouble for far less. very, very unfair. as usual bad judgment. he told bill o'reilly he can't believe there cont won't be cha. >> i have such respect for the fbi. everybody knows she is extremely guilty. they really said she was guilty today and then said they are not going to prosecute. hillary didn't talk about tit. the president telling the crowd there is no man or woman more qualified to do the job. >> i am ready to pass the baton. i know hillary clinton is going to take it. i know she can run that race. that's why i am fired up. that's why i am ready to go. that is why i am with her. >> trump rallied with tennessee senator bob corker. president obama should be in washington not on the campaign trail. >> we have a president who is out campaigning for crooked hillary clinton and he should be home working on isis where the threat is getting worse and worse. >> he will join trump at a rool lee in cincinnati. he will announce his running mate next week. >>> back to yo

look, to win the presidential election in our particularized system, you have to have near unanimous pport within your party. so it will be a contest of the two parties as we watch the campaign unfold to see who is going to do better, forget the luring people from the other party. that's a very small number of people who cross over, but when you look at how well you can do among your own paertd and independents usually align with their party, that's the test. >> john, thank you very much. great stuff from the democratic convention. looking forward to a president. >> yes, it was almost difficult for us in our early bedtimes to go to bed because these skon vengss have been so action packed. what happens on the floor and the part-time time speeches. no sleep for us. >> none for mr. harwood who is doing a great job. on the wall street agenda today, followed by new home sales at 10. both expected to show momentum building in the housing market. the fed kicks off a two-day policy meeting with the decision tomorrow 2:00 eastern time. in earnings we have lots of names. do ponte, mcdonald's, v

the power of one person, one vote. we need to make sure that our party reflects that. >> supporters of former democratic presidential candidate bernie sanders believe the super delegate systemamaged his candidacy. >>> stay with "eyewitness news" for continuing coverage of campaign 2016 on the road with can kyw news radio and 1210wpht, online with cbsphilly.com and on television with cbs news and of course your "eyewitness news" team right here on cbs3. >>> face the nation john dickerson will be live in philadelphia tomorrow. tune in at 10:30 a.m. for a special p one-on-one interview with president obama right here on cbs3. >>> also join us this monday night at 7 o'clock for a special coverage of the dnc. we will broadcast live from inside the wells fargo center as the national spotlight shines on the city of brotherly love. explore the rich history of conventions including the very first republican convention which was held right here in philadelphia. its, what did the delegates think about philly's food scene? all of that and a lot more. that's monday night at 7 o'clock. >>> republican nominee donald trump will head back on the campaign trail in pennsylvania next week. he

the u.s. national parks system will return to work after her presidential medal restored after a brutal assault in her home. today in the bay starts right now. >>> a very good morning to you. thanks for joining us. i'm laura garcia canon. >> i got in the door. i think i remember how to read. >> we have a nice day. >> a little warmer than the past couple of days. that will be the trend as we go into the middle of the week with highs reaching into the upper 80s for the north bay, south bay and trivalley. san francisco back to 68 degrees. it will be a touch warmer in the east bay and peninsula. we'll talk about how warm it gets coming up in a few minutes. mike is starting off with an early crash. >> it happened just after 4:00. here is a look at the map. we don't have a lot of slowing. eastbound 24 heading on your side oflt tunnel. it happened about 25 minutes ago. >>> thank you so much. happening today president obama is heading to dallas to mourn the death of five police officers that were gunned down last thursday. live pictures from the skyline of dallas. >>> president george w. bush is going

the gop presidential nomination. the billionaire businessman laying out his core message. >> nobody knows the system better than me, which is why i alone can fix it. >> his plan for america in one of the longest convention speeches ever, but the night not without controversy. we're live in cleveland. >>> breaking overnight a brush fire spreads to a poe tell creating a massive blaze. guests inside were forced to evacuate for their safety. we have new video just in. >>> and the heat dome dominating the country on the move scorching temperatures for most of the nation where triple-digit heat is expected this weekend. >>> and we do say good friday morning, everyone. we'll begin with the grand finale to the grand ole party convention. donald trump now the nominee. >> trump painted a bleak portrait of the country and the world placing the blame on hillary clinton and president obama, but he declared he's the one who can fix it. >> right after the speech, trump and running mate mike pence signed the official papers formally accepting their nominations in writing. abc's stephanie ramos is live in cleveland for us this morning. s

the u.s. national parks system will return to work after her presidential medal restored after a brutal assaulttoday in the bay starts right now. >>> a very good morning to you. thanks for joining us.

morning vice-president joe biden delivered the presidential weekly address calling on people to speak out against disparities in the the criminal justice system and also telling folks that there is a need to stand up for police who protect and serve. president obama will end his overseas trip a day early to visit this city next week. the reporting live from dallas this morning kenneth moton for abc news, back to you. >>> thank you this morning. >> the nation is grieving, thank you so much. >>> it is 7:03. we will have more on the shootings in dallas in a moment but first we will turn our attention to the the weather. intense heat loosened its grip on the delaware valley but any we have to deal with stormy weather. sky 6hd giving us a live look right here from the, platt bridge near philadelphia international airport. it is looking dreary looking towards delaware county, stormy start to the weekend but do you need to make any changes to your outdoor plans? lets get you outside to meteorologist chris sowers fresh off his honeymoon, is there rain drops, chris. >> the trees are dripping. >> yes. >> it is not raining, you don't need an umbrella ou

it may well have been the russians making a play within the dnc computer system to try and upset the system to influence the presidential election. now, all of this front and center. the second question, however, is once they got their hands on these e-mails from the dnc, how was it leaked out into the public? wikileaks, the organization that put them out there, still not saying where it got them. not admitting. not acknowledging that, oh, that they got them from the russians. and the trump organization saying it had nothing to do with any of this. so the mystery continues. but the implications only seem to grow. wolf. >> and i know for a fact that u.s. officials, especially democrats here, are bracing for a lot more leaks in the coming day, and weeks. we'll see if in fact that happens. barbara, thank you. >>> donald trump is responsing to the accusations that russia is behind the hacking and releasing the e-mails to help the republicans. here's what trump said, just a little while ago. >> why do i have to get involved with putin? i have nothing to do with putin, i've never spoken to him, i don't know anything about him

the dnc. last years sanders has been claiming the system was rigged against him. not the only one making that claim that the system was rigged here is former 2016 presidential candidate governor martin o'malley in september of 2015. >> do you believe the process has been rigged? >> i do. >> by the party leaders for hillary clinton? >> i think it's -- i think you are sore press to do say leaders. i'm told that this is the prerogative of the chair. and there is always an inclination, i think, for old relationships to kind of circle the wagons and protected one another. that's not what our party is about. tell the viewers hot chair is? >> the chair is debbie wasserman-schultz. >> governor o'malley is here to go "on the record." nice to see you, governor. >> good to be with you, greta. >> i know you are a loyal democrat. you have endorsed secretary hillary clinton. going back to that september sound bite. you had a lot of hope at the time those debates, for instance, if they had been scheduled on different nights and different maybe more of them might have had a little bit of an impact on you. >> might have had. i made that objection at the time. as a challenger who was

trump actually telling a foreign actor to come into the united states and use their sophisticated hacking tools and hack into our presidential system. that is just plain wrong. it goes contrary to everything. we need to make america stronger. russia may have been behind the dnc attacks. we know other countries like china and others are trying to constantly infiltrate. we have to protect our utilities, water. here is donald trump telling russia, come in and hack away. let me be clear. you might want to start with the dnc. the next step, russia would not stop there. they could affect your water supply. the electric grid. they could steal tax information. they could get critical health care information. it was outrageous and he should come out today and totally disavow. if you are russia you are saying, the presidential nominee is inviting me to come in and have fun -- i don't know if he can stop them now. hopefully homeland security and those who work on cyber security -- it was not a good day for them. >> what is your take on the reaction to the content of the e-mails? given that you have been atop that group what would you recommen