payments here we allegedly have a great economy jobs are plentiful the unemployment rate is that all time low wages as the fed as even pointed out have not been rising so sharp but during these sort of times is when we see why the truth gets revealed is because if we're having a massive rise in inflation and of course for example rentals everybody knows that because of the disaster of 20082009 there's an all time low in terms of amount of americans who could afford their own homes so they rent blackstone and all these private equity own all the properties rental rates are up to 10 percent a year in some places and that is causing stress but the fed doesn't count that into c.p.i. the government doesn't count that into c.p.i. and said they do own or quibble interests and that's way too low or something like one percent or 2 percent a year rather than the double digits in many places and so you can see that for example wolf or to point out remember his background is in auto sales and stuff like that so he really focuses on that he said with used cars for example you can see that the most the fed

for gold prices get the same thing it's like actually a commodity prices there are all time lows as well so why sell off this precious resource of the amazon which you'll never be able to get back again but it is a sort of resource that you could extract. income for generations to come the current kind of mentality though of the ruling class seems not going down that they need i guess in the leadership circles here in brazil some body to come along and say hey you know you have a greater opportunity here in this rain forest and just chopping the trees down you can actually get involved in a much higher margin business and you can become a global leader and develop some global brands i mean there's not a lot of aside from the flip flops there are lots of flip flops there and i have like 5 care now that i'm given the sale of brazilian brand i'm not i've got to be honest yes there's only a nuts but ratings agency s. and p. by the way did recently upgrade brazil's sabra. credit to positive from neutral but the important thing to note here about this economy much like say france and s

brag that we have more jobs than ever employment is at an all time high unemployment is at an all time low we've been seeing that every single month but what we really dissect is the in the employment or unemployment job report that we get every single month we found that the quality is not there and exactly what you said is low pay wages and low folie jobs are predominately the $5.00 main factor the main driving force and that includes everything from everything the hospitality industry to the food and beverages to even some of them and the medical services industry as a big portion of that comes from the fact that america has lost a lot of manufacturing jobs americans have lost 5000000 manufacturing jobs that basically created the entire middle class and this was basically due to outsourcing infrastructure to cheaper labor over in asia a lot of it was due to that but then another significant portion was also due to education over 2 thirds of the working of the work american workforce do not have a college education and that prohibits them from attaining a higher managerial position that

the german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time low interest and starts december 19th d w d t you know that 77 percent. are younger than 65. that's me it's me and you. know what it's time all voices. all the 77 percent talk about the stuff. from politics to classes from housing to good stuff this is way up. welcome to the 77 percent. this weekend r t w. but dusty birds muddy tires and drums we deliver urgent lifesaving boxes we give our everything to reach those who need us the most every box feeding their futures. boxes full of our hope of lifesaving food and there's so much more down roads with no names we feel asleep to live a relentless in our promise to make every delivery special. not just next day but every day. thousands of children are still waiting for their delivery sponsor a box today so together we can deliver inches. above . the back. this is the news coming to you live from berlin germany's chancellor angela merkel remembers the victims of want the worst crimes against humanity she makes a 1st official visit to the ausch

for german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time low interest and. starts december 19th d.w. . griffith. on the syllabus cup with it after i escaped from africa i had to create a job for myself. a bit like a pioneer i guess. at the most she's proof that if there's a will there's a way to.

for german unity journalist peter lim bork was at the scene. 30 years later he looks back on the time low interest and starts to simmer 19 d w. this league of players like marcus or rom say anyone can beat anyone with sunday's action prove that to be true it's been nothing but a g. thing lately but could maintain their reign. be informed full travel towards burke needing a win to get back to number one in the standings but the home side was ready to put up a fight. and the royal blues of show were ready for a royal rumble as they hosted the frankfurt eagles would shock us crack their chances to climb but say. this is the biggest they go why did w i'm chris harrington joining me for sunday's shindig the chap at massey 15 and more our former professional german footballer and national team coach fred taken barbuda michelle didn't say welcome back michelle hi chris good to be back good to see you and we have our very own but as the expert if any how are our doing have any good and ready ready to go glad to hear that now before we get to them straight out of. the folds who haven't won the bon

unemployment is an all-time low among those groups, in conjunction with congress back when republicansin the majority. i happen to be the ranking member, the lead republican on the house small business committee. i was the chairman of that committee for the last two years. small businesses all across america are doing very well right now. their confidence is at all-time highs. why is it so important that small businesses do well? about 70% of the new jobs created in the american economy are created by small business folks all across the country. they are the backbone of the american economy. the other thing other than being taxes reduced when you see the economy grow so well is because he has reduced the red take, the bureaucracy, the regulations that come out of washington. when he was running as a candidate he said his goal was to get rid of two existing regulations right now, and for every new regulation coming out of washington. that's a tough goal but we have exceeded that. that's one of the reasons this economy is growing so well. there are so many things that you could talk abou

unemployment, all-time low among those groups because of this president's policies. in conjunction with congress back when republicans were in the majority. i happen to be the ranking member, the lead republican on the house small business committee. i was the chairman of that committee for the last two years. small businesses all across america are doing very well right now. their confidence is at all-time highs. why is it so important that small businesses do well? well, about 70% of the new jobs created in the american economy are created by small business folks all across this country. they're the backbone of the american economy. and the other thing, the other reason i think other than taxes being reduced why you're seeing the economy grow so well. is because he has reduced the red tape. the bureaucracy. the regulations that come out of washington because when he was running as a candidate, he said his goal was to get rid of two existing regulations. right now, red tape. two existing regulations for every new regulation coming out of washington. that was a tough

the returns we saw this year frankly, will be difficult to follow, unless we see spreads go to all-time lowevels. our guidance for investors is to be very defensive, suggest underweight in high-yield bonds, especially the junkie is part, like ccc's. yourutlook is to earn coupon. coupon payments will make up most of the return in 2020. taylor: peter, your take on credit in 2020? into december looking for this squeeze across the board. the first step is figuring out which credits benefited unfairly by the squeeze, start selling those. there will be a return to weakness for those weaker credits. we like cyclicals, autos, commodities. certain names were beat up that are sent to come back. i think those can continue. it will be difficult for managers to figure that out, but that is what you're supposed to be doing with your portfolio now. figure out which of those weaker names have upside, adding to them, and then cutting losses on those that have a surprising rebound. taylor: the dallas fed president robert kaplan weighed in on the credit market, saying those tighter spreads might be cause for

for those who read the report, we have a cool chart that shows the earnings growth are at an all-time lowat does that mean? every analyst has the same estimate for every company. there is no differentiate shipping. there used to paying defense -- playing defense. analysts lack perspective. they do not want to put their neck out in terms of how they are doing work. earnings are too complacent. we could see a surprise as company management sees turnover. understand to compete they have to grow. to grow you have to spend. when you spend you are going to see growth rates go up faster. vonnie: freaky friday. everyone is lopping -- everyone is swapping places. that was brian belski. and this is bloomberg. ♪ vonnie: it is time for the latest bloomberg flash. we will look at the news retina. sunder pichai is getting a hefty raise. he will receive $240 million over the next three years. if he hit all of the performance targets. he will receive a $2 million annual salary beginning in 2020. the justice department and sec are supporting the sprint merger. it should not be blocked. the combination put

german unity journalist peter limbo or because of the same. 30 years later he looks back on the time low interest and starts december 19th d.w. . read the real trial it resides. i come from there lots of people in fact more than a 1000000000 if you but not just democracy that's one reason i'm passionate about people and aspirations and they can sense. the finish and the book is fried chicken learned after the 4th of the flood in one and i remember thinking at the time if the bulge in broken foot would happen if he could come together and unite for a pool. but i do the news i often confronted difficult situations more conflict between disaster i see despite my job to confront goodspeed as an policies and development to put the spotlight and issues that matter most congo to security question marshall nicely since. i'm not has been achieved with so much money steve johnson and i think people have to be at the heart of solutions my name is on the type she's on and i work at a definite. play . play. play play play last. this is e w news live from boeing suspends production all of its ill fate

senior low the reason fewer people are taking the risk to report from war zones and 2019 for the 1st time not a single journalist died while working abroad tonight the growing dangers in our backyard myth that misinformation like never before political leaders openly attacking a free press and voters bombarded with the message don't trust the media i'm burnt off in berlin this is the day. the message that the government is sending is very clear beat style ain't what your next and i think it's a medium and extreme violence against journalists is all oh there's a lesson america system appears in the news the international community is sending just the smell sitch that steep sufficient power that can get to wheat we smell during a joint east we harshly condemn the murder of the journalist at the murder was an attack on free media. journalists must feel safe. in europe. also coming up at recruiting future neo nazis a report on the growing popularity of mixed martial arts here in germany and why it's attracting hooligans and far right extremists. but. full contact sport i think that's the thin

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attacking the few subsidies and funnel would if i could get from you on persil currencies in an all time low there what sort of what sort of future do you predict for the next 12 months look at the genres of brazil has had its. its load of. movements in this region so 11 of the person a region that was 2013 as a reactor action 2 to the issue seen at the time the corruption as a reaction to your demands for. better quality in public service and so one that the brazilian economy has been suffering from what i call a combination. and then mic productivity and public sector obesity. this is what lies behind the crisis the deep recession that happened in 28152016 why the recovery has been so slow it's gradually bumping up we might have in brazil a gross rage above 2 percent next year. but at the same time the unemployment remains very high and so. to some extent i don't expect a sort of a street movement a similar to the ones that have taken place in chile or ecuador or colonia right or or to some extent on athena before the elections and so on. because of some example asians a bit tired of it it

for german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time low interest in. stores december 19th d.w. . this is all wood beautiful landscapes forests and animals to think that all this is threatened by climate change is distressing we have to change our ways if we want.

for german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time low interest. starts december 19th d.w. . people it's serious. it's the 11th hour our planet is threatening to burn up. and yet a 100 years or gross gone except for decades scientists have been warning of the dangers of climate change with very little response to the worst case scenario has come to pass through we're burning fossil fuels at an alarming pace i think was how do you feel a scale of 0 to 1005 and we don't want to miss out on our holidays away either the filing to be honest i'm not ashamed i'm looking forward to my vacation. what's wrong with us why aren't we willing to protect our climate. if we can't keep on going to stop the flow. it's a friday afternoon and i've come to hamburg or climate activists are ramping up their protests. i want to know how far people will go in their fight to stop climate change. i've been invited by tino the guy writing a telephone number on his belly. it's the number of the legal advice center in case he gets arrested. do you accept you know what

all-time low unemployment. [cheers and applause] for everyone.african-americans, all-time highs start up businesses even his haters say i don't like that guy that he's doing all the things he said he was going to do. [cheers and applause] trevor know not exactly a fan says isn't that supposed to be what politicians do? want to be get to a place that is no longer the norm? how sad is it that it isn't? they don't talk about that at the last debate we saw how can we take his twitter account away. to know that was not mentioned? china. since we are at the reagan library china is the year 2000 version of than the soviet union. and then trying to limit free speech if that doesn't tell you all we need to know i don't know what does. i have to put it on paper because most are used to do the bomb on social media i have mastered that art i have learned from the best. [applause] and you put it in long form to take my experiences and it is much less political and that's what i believe is at stake there has never been a grea

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involved, that makes us somewhat vulnerable to what the bond market does going forward at the same time, low yields are supported multiples. joe: one of the big debates i see happening among analysts on the sell side, is this now the time we get a major turn in the relative performance of global stocks? in the u.s., people have debated it. context, people talking about europe. are the conditions in place where u.s.-based investors may want to put more money abroad? david: if i had a blank piece of papal, what -- piece of paper for $100 and had to allocate capital efficiently. orwould probably be about 80 $85 in the u.s. and the remainder in emerging markets. i don't see much opportunity in developed international markets. it has underperformed two thirds or more of the time. the growth rates are not there. the regulations are high, the taxes are high. i want developed international markets versus heavy tilted domestics with some em kicker in their where the growth rates are taking place. scarlet: are you going to get the em kicker if the president continues to use tariffs as his blunt tool a

if you look back six years, it was actually at an all-time low since the time of the anti-defamationgan. 750 or so incidences and none of them were life-threatening. fast-forward to today and it was nearly 2,000 last year and it's higher this year and as your graphic just showed, the number that's life-threatening is terrifying. i think there's a number of things going on, one is an increase in hate in the internet which is an issue that needs to be confronted and another is a whole sense of vocabulary in our public life of making people feel different. we are americans and they are not which has never been the american way. we see ourselves as one united community because what starts with the language of authoring turns into a violence of eight. >> i like that you said the language of other ring, stop? we have heard several of these community leaders and state leaders now come out and say we are going to have stronger root laws, will that be a deterrent? >> we have laws for this, and there are federal hate crime laws as well. it's very important that the prosecutors use these laws a

because in this michigan sentiment read, five-year outlook for inflation, all time low, and i hear j powell always talk about well consumers expect as they set policy, and their policies can't upset the consumer. if the consumer is looking to low inflation, he has to make sure there's low inflation. >> he does, but i also caution the fed to be too bent on keeping inflation so low, because inflation is not a bad thing necessarily, if it's the right kind of inflation, if it's demand-driven inflation, if it comes from a strong economy, from a strong jobs market, that's something too that i think we will have to start to expect in 2020. i think that's really the next phase of things. everyone is looking for the next area of growth. i think it is general kind of uplifting of inflation that tends to bring up asset prices in risk assets something we will see next year as inflation kicks in. charles: the usmca will kick in. steve mnuchin saying it would be anywhere from 1/2 to full percentage point in gdp. how do we benefit from that? any particular investment stocks on that? >> done a lot of

unemployment at all-time lows for women, minorities and economy is thriving. sed off their pocketbooks. we see that time and time again. susan: those called for recession, probably wrong on the year, wrong for the decade according to a lot of analysis as we head into year's end. talk about chris wallace interview of james comey on "fox news sunday." he was pressing the former fbi director on the i.g. report's findings. >> he is right. i was wrong. i was overconfident in the procedures that the fbi and justice had built over 20 years. i thought they were robust enough. it is coreign bled hard to get a fisa. i was overconfident in those. he was right. there was real sloppiness. 17 things that should have been in the applications or at least discussed or characterized differently. it was not acceptable. so he's right. susan: sloppiness the right word here, marianne. >> i think it's a little more than that first of all jim comey, i'm no fan. he made a lot of mistakes during 2016, having not one but two press conferences about hillary clinton. the fact that there wa

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public trust, political trust in the sector is pretty much at an all-time low. al will come along he has this long road ahead of him. at the same time, he has to keep investors happy. earnings are under pressure at all of the australian banks. they will have to do something to turn that around. ♪ >> another ceo out the door. executiver's co-chief is stepping down next quarter after eight 10 year at the firm. five people have held the title. >> irene has been there since 2014. she shared the title was dave mccormack for the past 2.5 years. he will remain as ceo as the company. it was a remarkable scoop. eileen murray was considered to be the wells fargo ceo at one point. this woman has a lot of options moving forward. ♪ >> the new ceo of nissan beginning his first week at the wheel. he faces a number of challenges. what can we expect to hear from him? >> we can expect that his main goal will be to set out a plan and to calm concerns about leadership at the top of this company which is under pressure from all sorts of different directions. they have are ready set o

when we look at the data, all-time low unemployment. we look at consumer sentiment that has been so strong. we are optimistic going into 2020, especially on the tail end of the phase one deal. we have yet to see the terms, but what we gather from it looks quite good. i'm out here in san francisco, and all they can talk about is the massive tech outperformance relative to the s&p 500. take a look at the chart i'm showing in the bloomberg, massive outperformance. does the tech sector feel overvalued to you? katerina: the tech sector is certainly exciting, we love owning, following those stocks. it brings tremendous emotional value to investors, but we cannot discount the fact that we are going into an election year and we have to face potential tougher regulatory environments. we have to watch more cautiously. also,ays tell investors if they realize gains, which they have at the end of the year, to take some risk off the table. it is certainly an exciting sector. scarlet: it has caught the attention of investors the last two weeks as well

those are at all-time lows that print yesterday had some volatility to it nevertheless, even excludeingjobless claims it in to drive home that we are anything but stressed from a labor back drop mess your perspective. there has been data over the past several months that has suggested more softness in manufacturing. not just here in the united states but abroad as well. so is it fair to say the jobs market is healthy but because of concerns, places like manufacturing are showing signs of weakness here >> yes, that is completely fair. we've covered that story so well, i think all of us in this industry manufacturing is a point of softness but why is there something going on under the fundamental surface where demand is drying up. i think we know the answer to that is, no. instead, what has happened is there is a narrative problem that really stems from this trade rhetoric in the past year and a half you think about the things like isp, they've been squishiy because of trade not necessarily because of the demand >> just a few moments left here. if hypothetically, there were a phase one tr

even, now the city of akron uses so much water that in times of low flow, the stream almost stops running,, and there are those who feel that the dam would kill the yoga. now, the river runs somewhat cleaner, there is still not pure by any means. it is clean enough to support fish, and several taken from the spot below the can't, falls right in the heart of town. there is even talk here in kent of making the area into a park available to all and we are told the plans for it have been completed. it was a different story five years ago. on the outskirts of canned, where the river had to cut hugger false, is the new can't waste water treatment plant, which was under construction five years ago. it can provide secondary treatment of some 4 million gallons of waste each day and it is no mistake requirement for discharges into the yoga. in 19, 60 can't face the situation in which prevented finds itself today, but even the new plan at kent is finding it difficult to do his job properly, because of the kinds of waste it must treat, anything from slaughterhouse remains to industrial oil or flushed

that system has a lot of moisture, again, it's taking a really long time to develop because that lowens it is showdown. mostly cloudy, some sun breaks to the south, means low to mid 60's, our system will arrive late saturday, maybe early sunday. rainfall looks to be about .5 to 2 plus, 22 plus would be russian river area, marin county, marin county canfield, 50s to low 60's here, terra linda, cloudy, windy, rain overnight into sunday. cooler with outbound. >> steve, thank you. >>> 5:54, a snag in the request for more information about police shootings in california, coming up at 6:00 why the state says it's having problems complying with a new law on police transparency. >>> also ahead, illegal marijuana dispensaries popping up around california, how consumers make sure they are shopping at a place. >>> we want to take a look outside, can you see through the fog? golden gate bridge. there is fog out there. you are watching mornings on 2 from ktvu fox 2 news. you know when you're at ross and you realize it's time your sister stopped borrowing your sweaters? yeah! that's yes for less.

but even now the city of akron uses so much water from the river that in times of low flow, the streamho feel another dam would kill if cuyahoga. that sludge once flowed through the city of kent, but the river runs somewhat cleaner, though it is still not pure by any means. it's clean enough to support fish and several have been taken from this spot below the kent falls, right in the heart of town. there is even talk here in kent of making the river into a park, available to all, and we are told the plans for it have been completed. it was a different story five years ago. ♪ >> on the outskirts of kent where the river heads for cuyahoga falls, is the new waste water treatment plant which was under construction five years. it can provide secondary treatment of some 4 million gallons of waste each day and it is now meeting the state requirements for discharges into the cuyahoga. in 1960, kent faced the situation in which another city finds itself today. but the new plant is finding it difficult to do its job properly because of the kinds of waste it must treat, everything from slaughter