tobias levkovich with us from citigroup., the imf's message on tepid global growth, a struggle for global animal spirit with all of that whethered, you invest it is a 401(k) or you are an institutional pile of cash, tobias knows. he knows the market is up 18% per year in the last half decade , and now we look to your investment future as well. it has been such a ride the just to begin the discussion, are we back in the markets now? >> we are, but we have got to temper our expectations. yield environments, don't expect to pick up 18% in stocks every single year. you have to moderate 7% a year for a number of years is a nice return, and nothing to sneeze at what they are fearf of is they have missed -- to sneeze at. what they are fearful of is they have missed the slow and eventually they will get dragon but they will probably get dragged in at higher levels. >> there is a psychology of nifty 50 long ago and far away. who are the nifty 50 today? >> it will be in the more exciting tech growth stories. >> johnson & johnson is no

and the one that gets me is market and tobias, and it slowly became a vision zero project, but i don't think it should count to the 24 to get done. i encourage you to stay on that and ask the city to go back and update what the new projects are that will get done. i think it will help them to figure out why the system isn't working. it's not working. is it money? staffing? we don't know, but i ask you to use your work to do that. [bell] last we don't want is vis -- vision zero to be a buzz word, we need to make change. >> thank you, we will miss you tremendously. >> good morning, supervisors, my name is mark fong, i am a partner at attorneys in san francisco, good morning, commissioner yee. i am here in sort of a crisis intervention mode to speak on behalf of the family of fong lee who was killed at the intersection of sacramento and stockton street on saturday, september 20. three days after she lost her life, while the tv cameras were there filming. there was another resident of the same senior housing project where mrs. yim lived, who was struck in the same intersection and cross wa

tobias left of it joins us tomorrow from citigroup. -- tobias lefkowitz joins us tomorrow. pullsle them out of earnings. share buybacks are almost a three percent effect on earnings. whoever won the elections yesterday in brazil is going to inherit a box of problems. some of those problems were created by herself. one of the biggest issues of the campaign was this social program. she said she was going to hold onto it and said nieves would get rid of it but why does it have such resonance in brazil? >> this program started about a decade ago and was reunifying a bunch of other programs to make it straightforward to other people to get cash transfers from the state to drag them out of extreme poverty. that was 36 million brazilians. all of those people felt politically -- felt politically disenfranchised. it was a relationship with apartheid of lula and now dilma. that was instrumental in her winning support in the impoverished neighborhoods in the north of the country. >> the traditional way to look at brazil is you have the industrial core and the south surrounded by india

tobia takes a look at those u.s. they are supposed to be helping. >> reporter: in central america, this is the front line of the obama administration's fight to keep children from joining gangs or making the dangerous journey to the united states. it's the opening of a new community center in a violent el salvador an city controlled by a gang. 140 of these u.s. government-funded centers are spread between honduras, guatemala, and elç salvador. there are plans to double that number. they offer sports, skills training, and computer literacy. it's a response to the flood of children trying to make their way to the u.s. border. oneç of them is 10-year-old brando. the ""newshour"" has agreed to conceal his and his grandmother's faces for their safety. brando's grandmother was desperate to get him out of the country after a violent drug gang tried to extort the family. >> ( translated ): things here are awful. they take kids and they return them in pieces. >> reporter: she sent brando north over land with an uncle. it wa

okay so maybe we're in the -- we have seen tobias, some bigger moves than we've been seeing.ing digits still don't even mean it's 1%. but we have seen some 2% moves sort of violently. one day one went way, one day went the other way. what does that indicate? >> we've been predicting volatility for awhile. you never know the trigger, but it is interesting to watch. i'm not a technician, so i'm not looking at support levels necessarily in the market, but i am looking at top 50 names in the s&p up to 50%. that's a selling herd. when you get that high you want to inch back into the market. that's a hard one for anyone to look at. what interesting is sentiment. about four or five weeks ago, we were right on the border of yew forya. we have fallen back pretty sharply. with the semiconductors, we downgraded a week ago. our concern was orders are up 26%. that's usually a bad signal for the stocks. i know that sound contrarian, but it does suggest there is excess capacity coming into the industry and it tends to be kind of a signal the stocks may weaken. it's not a bad sign for the ma

me start by introducing my fantastic foreign office minister obtained david livingstone hugos what tobiaslivingston. our indispensable pps david collins outlook show burke and david. please give them a big round of applause. [applause] i can tell you that i have inherited a foreign office in great shape with new missions flying the union flag across the world. ministers visiting countries from australia to somalia that labour had forgotten even existed, the language school that labor asked reopened and their invidious culture of mediocrity replaced once again by diplomatic excellence. [applause] all of that is due in no small part to the commitment and the determination of the man who will surely go down as one of the truly great british foreign secretary's, william hague. [applause] people rightly credit william with many exceptional qualities and i have to say looking back over what has happened this summer i'm beginning to wonder if he's clairvoyant too. [laughter] he is a very hard act to follow and i have to tell you i take some small comfort in the knowledge that there's just one th

. >> that is reporter adam tobias.g to get into a campaign event for mary burke, a campaign for governor. he said he put credentials in days before. another reporter said she was told at a similar event in milwaukee not to speak to people in the crowd. >>> here is a pop quiz. who is a greater threat to the world and world peace? america or isis? what students at harvard university said may surprise you. >> in many ways i think it is america because america is making decisions that are much more likely to affect the world. >> american imperialism and our protection of oil interests in the middle east are destabilizing the region. >> i don't think anyone would argue we didn't create the problem of isis ourselves. >> that video coming from the group campus reform. i wonder if they are coming up with that on their own. >> i would say take me to your professor. >> in which case they'll all get a's. >> princeton number one according to u.s. news. check this out, the second total lunar eclipse of the year is underway. maria,