deficit eight hundred ninety eight billion dollars topping forecasts the u.s. budget deficit widened to eight hundred ninety billion dollars in the eleven months through august succeeding the congressional budget office forecasts for the first full fiscal year under the trump presidency the budget deficit rose by one third in october to august period from six hundred seventy four billion in the same timeframe a year earlier the treasury department said spending rose by seven percent to three point eight trillion outpacing revenue gains of just one percent to two point nine nine trillion revenue from corporations fell to one hundred sixty three billion down by sea. seventy one billion from a year ago i want to point out that's close to how much jeff bezos is worth so that's all that is given by corporations to the u.s. government is just one hundred sixty three billion dollars annually i won't get into how much we the citizens have to pay but it's a lot more than that well it's apartheid it's american style apartheid this is a remake to that show love american style an

we learned yesterday the u.s. budget climbed to $779 billion in president trump's first full fiscal year in office. that is the highest in six years. welcome to marc goldwein, senior vice president to the committee for responsible budget. it is good to have you with us. it does not seem there is any end in sight. is it going to turn around? marc: it does not look that way. we are headed for a chilean dollar deficit. david: it is worse if you take into account we have had low interest rates. if those rates go up, it is going to be a huge burden for the u.s. budget. marc: our deficits are rising. that is driven by irresponsible policy. rising -- weby could be of $2 billion deficit in a decade. hawks either any deficit left on the democrat or republican side? marc: you are looking at them. sadly, congress spent the last year not only cutting taxes, which reduces revenue but increasing spending. you do not have to be an economist to know if you cut your revenue base and increase spending, you're going to result in more defic

defense u.s. budget with the russian one it's been more than ten times higher so. do not firm doesn't need to increase. doesn't need to increase the nuclear weapons as senator ron paul said i told you so you with. the poor of destroying ten times the planet so actually again i think we have to take in consideration so i do not like such declaration and that within three weeks there will be some election very important election for the republican party any to convince. his party that you need to. is not the progression president the supposed to be the pact was of course decades ago do you think it's still relevant in today's world given the advances in weapons technology. i think if it's relevant and maybe there isn't as a problem for the not for. the new russian weapons which represented by then to be put in six months ago. actually maybe there is some technological gap between this weapon and what the us can do so maybe it's a sign. it's a way to tell russia. that washington will continue to follow this so we're playing the race but not to. be. butting in question

shery: today, we heard the u.s. budgeteficit grew to $780 billion in president trump's first fiscal year, so the highest since 2012. we are now hearing from the treasury that he has to step up the pace of debt issuance. when you also have this playing and as a factor into the markets, what are the implications? quint: that is a very good question. again, we may see some inflationary issues come from that, and that may be why gold is catching a bid down here. it is obviously off significantly for the year, but it held the 1200 mark, and it is one of the few asset classes, if you have to put money to work, i think it is interesting and something that could go higher. but i think that headline creates, again, just some more pressure for the overall market, but it does bode well for us to continue on the sort of growth trajectory and trying to sort of grow our way out of these deficits and issues which have yet to be determined if that will work were not. -- will work or not. shery: there is a lot of competing stories that we

. >> the u.s. budget deficit grew $780 billion under in donald trump's full fiscal year as president. cuts and higher spending made it the biggest shortfall since 2012. gap for the 12 months through september, the 17% wider year he same period a earlier. spending rose more than 3% while revenue gained .4 of 1%. citigroup believes china no to the elieves the yuan dollar as a psychological red line that must be defended. accepted the currency may rise or fall and the longer aapplies. of pboc has set a series weaker fixes to allow the further. to supplied italy's coalition has pulled together a last-minute budget fulfill allow it to costly election pledges. it may threaten a confrontation union.he european tuesday is the deadline day to 2019 t budgets for fiscal and brussels had warned rome about raising the deficit beyond e.u. rules. that sparked a sellout in a at allan bonds. north and south korea continue their friendship, generating plans for railroad links. engagement between the two neighbors and the u

u.s. budget deficit grew to a fraction under $780 billion in donald trump's first 4/5 -- full fiscal year as president. spending made it the biggest shortfall since 2012. the budget cap was 17% wider than the year earlier. spending rose more than 3% while government revenue gained .4%. italy's populist coalition has managed to pull together and last-minute budget that will allow it to fulfill costly election pledges. it may threaten a confrontation with the european union. tuesday is deadline day for eurozone nations to submit their budgets for fiscal 2019 and brussels it already warned rome about raising the debt beyond the eu rules. that sparked a selloff in italian bonds. the rupiah pared losses as indonesia posted a first trade surplus in months. reported $227 million in september. an estimate in bloomberg was for a shortfall of half a million. -- a widening current account deficit and stabilize currency. korea continue their burgeoning friendship, agreeing plans to connect and improve cross-

these are not huge line items in u.s. budget. a: they're tiny. >> but they are bigger for receiving countries. that is one move. the push to mexico stop the migrants before they enter mexico. they have to go 1800 miles to the u.s. border. you're right the president is getting on this early. finally of course, the president is the commander-in-chief. he can call out the national guard to supplement law enforcement at the border. there are a number things the president can do. if this caravan doesn't break apart or stop or just kind of peter out, all of which could happen, if it doesn't, the president actually can do some of those things. melissa: yeah. we'll see. i mean you think it is politically smart for him to send the national guard down there real quick or send armed forces down there? is that a bad visual? >> he sent the guard before to help the current law enforcement. he could do that again. this idea of sealing the boarder, this group is coming to confined part, small part of the 2,000-mile of the u.s. border. it would no

. >> the critical thing to view there is what will happen to the u.s. budget.following the cbo's analysis on this you're going to see deficit spending over the next 36 to 48 months it will be a wide deficit. that generally doesn't happen in an expansionary time >> politicians of both parties get elected by promising to give people things, not taking it away. >> no doubt. exactly right. >> deficit spending. chad morganlander, emerging markets your number one worry. >> let's find out what else is going to be on your talking radar today. time for this morning's top trending stories bertha combs back with us. what are we going to be talking about today? >> movies. >> wow, really >> yeah, good ones two good ones. we're only one week into october and box office revenues have already hit a record high for the month thanks to two big releases this weekend according to comscore sony's "venom" won with 80 million. warner brothers "a star is born" took second place with 42.5 milli million. i'm excited to see that. >> what can bradley cooper not do >> he's so talented. >>

third-place, the u.s. budget deficit reached a success in your high.place, trump floats the idea that rogue killers might be behind the disappearance of jamal khashoggi in turkey. chinese local governments could have 40 trillion in renminbi debt. we are also getting breaking news out of the u.k., so let's check in on pound. the u.k. june to august basic wage growth, this goes back to spending power, it goes back to inflation, it is coming in a little bit better than estimated. staying atyment rate 4% as forecast. on to france and emmanuel macron replacing his interior and agriculture ministers in a re-culture -- reshuffle of his government routine. the long expected french cabinet overhaul was set in motion by the resignation of the interior minister and had been postponed numerous times. joining us is our french correspondent. how significant are the changes and who are the new faces? that then argue changes are not that significant, given that we were expecting the interior minister to be replaced. it has been two weeks since he resigned. it has been

the u.s. budget deficit making 17% from 2017.is would happen after the tax cuts. getting the number down is one of the many things the president promised to do if he won the election. >> you put forward a balanced budget, your first budget or will it take a couple years? >> it will take fairly quickly and it can be done. >> fairly quickly, and it has been done. that's what candidate trump said. fiscal conservative is out the window where the white house is controlled by fiscal conservatives. we have a closer look at all the new red ink. >> do deficits matter in washington anymore? the federal government is racking up the bills spending so much more than it takes it. it's running the largest budget deficit in six years. up 17% this year to $779 billion. the highest since 2012. that's when the country was spending big to stimulate a struggling economy. john, 2018 is different. the economy is strong and growing. unemployment very low. typically deficits shrink during boom times as the government collects more taxes from taxpayers. b

in 2017, 50 4% of the u.s. budget. we spend three times more than the seven other highest spending nations combined. elected, would you continue to support a similar worldwide military presence, or do you see another role for the u.s. and our military? please elaborate. do you need it to repeated? ok. ms. kim: i don't think we can afford to be the world's police. that being said, i think it is still really important that we maintain our global relationships. freedomsupport economic in other countries that we work towards humanitarian rights and so forth. in terms of military spending, i think the most important thing is to make sure that every dollar that we spend actually goes to supporting our troops, and not to any other types of programs that might not be in essence, useful directly to the military in supporting our troops. moderator: thank you. ms. scanlon: certainly. you know, congress in recent years, in particular, has taken -- has taken the knives out for our domestic spending. workas really made people to get

. >> those three programs make up 70% of the u.s. budget. >> thank you. >>> a former u.s.ing out about why he quit the trump administration. he's with us next. >>> but first the truth about pumpkin spice in today's food as fuel. >> pumpkins are much more than just a seasonal favorite. they're also healthy if prepared the right way. it is naturally low in calories and sodium. the stuff that helps you feel full. a single cup has more than enough to meet most people's daily recommended amount, which is essential already healthy teeth, skin, bones and eyes. beyond pumpkin flush, pumpkin seeds are also good for you. some studies suggest they help control blood sugar. just because something is pumpkin flavored doesn't mean it has the same health benefits. canned pulmopin pie filling comes presweetened. that means extra sugar and calories. keep in mind many of the foods and drinks don't contain any pumpkin at all, so it is worth checking the label. >>> food as fuel, brought to you by pom wonderful 100% pure pomegranate juice, crazy healthy. (nicki palmer) being a verizon engineer

manus: yesterday, we had the u.s. budget deficit announced, $779 billion. do we begin to become more conscious -- moody's warned of a worsening u.s. fiscal path as the deficit rises. they are concerned about tax cuts, increased expenditure, liabilities, etc. do you think it is a deficit which will supersede anything else and take us upwards in terms of yields and 2019 --into 2019? mark: that is largely priced in -- john: that is largely priced in. we had the fiscal stimulus which was injected at an unusual time in the economic cycle. that is obviously why the fed has had to pick up the pace of hikes a little bit to offset the impact of that fiscal stimulus, and that is translating into more borrowing as we go forward, but you know, there is the bigger fundamental economic picture. it is more dependent on what the fed does, what level it goes too, and what impact that ultimately has next year end into 2020.- and if they managed to calibrate their cycle correctly, growth will start to come after this temporary blip, we think it will pick up next year but then

. >>> u.s. budgeticit is soaring under president trump, according to the treasury department, the federal budget deficit increased by $113 billion in fiscal year 2018. trump's first full year as president, first fiscal year as president. that's a 17% increase from 2017. it's the highest the deficit has been in six years. the deficit now stands at $779 billion, and the deficit, of course, is the difference between what the government takes in and what it spends. today senate majority leader mitch mcconnell tried to claim that this steep increase is due to the social safety net. >> it's very disturbing and it's driven by the three big entitlement programs that are very popular. medicare, social security and medicaid. >> but the data points elsewhere. one of the biggest contributing factors to this deficit spike, the gop tax cuts. according to treasury data, tax revenues from corporate returns dropped 31% in the fiscal year 2018, compared to the same period last year, which would be strange because compan

the u.s. budget deficit grew to a new high.cond place, the idea that rogue killers might behind the disappearance of journalists jamal khashoggi has been suggested by trump. as 40ld be as high , theion renminbi or more s&p global rating says in a report. as u.s. bank earnings get underway, who are the winners and losers of the last quarter and what can we expect from morgan stanley and goldman sachs? joining us is dani burger. what have been the positives and negatives? >> the economy is still strong in the u.s.. tax cuts still fresh for the banks, and raising interest than they helped more have hurt, so overall, we get a positive picture. hadou morgan, for example, a record net interesting, 14 billion. but when we go to individuals, there were differences. of course, even with this nice overall picture of a strong economy, good earnings, the question always becomes, is this as good as it gets? manus: is this as good as it gets? let's talk about some of the beasts of investment banking, goldman sachs, and morgan stanley. what c

forward when the dominant culture how do we put that foreign policy on something that happened to the u.s. budget goes out and interferes in that process there are consequences and collateral damage so if you can speak to that initiative. >> are you addressing the question to anybody specifically? >> we are not going to have anybody responded to that but it's a very important one and it's most often been expressed in the humanitarian stream. but how it is that the foreign policy is treated by the current administration and its thinking is also a shift. do you want to speak to that because you have been reporting on these issues. >> one of the interesting questions going into the next time we meet is that the treatment of venezuela is going to be because the administration while it is generally used for the foreign policy between central america the administration has veered drastically towards promising the government whatever they want so that they can address the causes him to say that they are doing something without having to accept people for threatening to cut off for a need for the same re

u.s. military budget the united states have already budgeted in their withdrawal from the treaty by funding various research and everything that will allow them to increase their military might but still russia's president remains optimistic and he hopes to discuss this. with his american counterpart donald trump in november in paris indeed certainly a serious escalation at a time of already some tense relations goes down off there reporting from central moscow. that historic treaty as you go was just saying was signed back in one thousand nine hundred seventy between the then soviet union and the u.s. under the agreement all short and mid range nuclear and conventional missiles were eliminated that's apart from those launch that see we spoke earlier with the director of the stockholm international peace research into shoot down smith he warns that the foundations of international arms controls will now have to be rebuilt. i think that what we're seeing is that an architecture of arms control that was put together around the end of the cold war that consisted of the i.n.f. treaty the conven

u.s. is coming down to the rest of the world. a budget deficit doesn't help that.g to be higher interest payments on the that. when it gets up to 5%, it becomes crushing at some point. common up, ibm has revealed his latest crowd -- cloud strategy. that's coming up next. this is bloomberg. ♪ david: it's time for the bottom line, three companies worth watching. volvo trucks came out with an announcement. there is a problem with the missions devices. it will affect the results. it has to do with nitrous oxide. they don't keep it out of the atmosphere. that's the worst gas you can have. shares were down 3.3 quarters percent. that's not good. walmart,e good it is u.s. iscast for the going to be 3%. that's pretty solid. since the fastest pace 2008. they can benefit from the closing of sears stores. commerce sales could comment up 35%. these are some solid numbers coming out. david: that's interesting. ibmfor our third story, announces earnings today. they unveiled three new offerings to help companies unleash the full potential of data and artificial intelligence on the

u.s. regime that is long overdue and may alleviate any need for a budget gap. a just released gao study states 2017, about010 to 14% of our u.s. funding went directly to tribes and tribal providers. about 4.7% of the overall funding. this illustrates the need for dedicated funding for tribal entities. we went on record with rate ofal to adopt a return carrier. the proposal was straightforward and easily understood and was narrowly tailored to address the specific needs to promote broadband well using very little impact. the fcc did not adopt this proposal. tribale to push for a area-specific high-cost mechanism. we encourage congress and the fcc to address this much-needed reform. we also believe that an increase in lifeline credits for tribal areas is vital to adoption and affordability. mentioned, our communities have very high rates of low income consumers. the previously mentioned gao study addresses the need for better mapping mechanisms to measure the levels of access to broadband service in native communities. indian country with engagement between tribal

u.s. military pentagon budget administrator and authorizing tens of billions of dollars to imaginary forces to get that lithium because he's insane it's apocalypse now to the root of apocalypse now this makes me want to be in you know bad lieutenant. the flying nun well i mean i also want to point out in the last minute here that we also have the fact that pakistan has gone to the i.m.f. for some more money billions of dollars they mean pakistan and afghanistan but particularly pakistan are quite crucial to china's belt road policy and that is you know. you have to look at the long term we as a nation don't have economic policies beyond the next trading day but political and military policy they are looking at long term and long term they only see china so if they're you know if they're. why we might be there it might not be about saving taxpayers money like erik prince things as more about containing china containing china it all seems to come back to containing china well. well ok let's take a break and when we come back let's do more of good stuff. so you know what. i'm up. on the what a

u.s. risk assets >> it's not an argument for increasing overall risk. i like the idea of being reasonably balanced and somewhat defensive, but within the risk budget, i wouldike emerging markets, i love the u.s., i don't consider china an emerging market >> julian, watching the coverage last week, and not really cnbc so much, but other places, just talking about violent carnage is what they're talking about we have one day, it was 3% the other day it was 2%. those are significant percentage moves. but 800 points, then 600 points, that still sounds bigger to the investing public than it actually is. i think that is important to remember that we can instill a lot of fear with the garden variety correction >> totally agreed, we forget the dow is at 25,000 now to your point. the reality is if you look over the long-term, volatility averages to use the vix is at 19, which means 300 points day in and day out in the dow. we think the difference now between previous is that we've been wondering for about a year, year and a half what level of interest rates the market would start to care about. the market starts to care about these. >> we have not seen volatility i

they have added $75 billion of equipment and services to the u.s. budget.resident trump signaled potential across-the-board spending cuts next year after midterms.uing of midterms. a new congress could reverse those new spending increases. you can comment on open phones, (202) 748-8001 republicans, (202) 748-8000 democrats. anyou are in independent, -- independent, (202) 748-8001. when it comes to campaign 2018, richard falsetto talks about the candidates in the georgia governors race that took place yesterday. ,tacey abrams and brian camp brian falsetto writing -- ms. abrams faced an early question about an up the suit from a 19 -- at the from a 19 time the state flag included the confederate battle flag design that was approved by segregation list state legislators in the 1950's. though mr. camp, a white conservative who opposes the destruction of confederate symbols, did not address the asked her.anelists took the action is peaceful protest and i said that it was , and 10 years later my opponent brian camp voted to remove that symbol." a little bit more

u.s. >> we just had the record budget numbers come out of the u.s. as well north of 7$700 million worth of deficit which has put a lot of strain on treasury issuance, budget issuance, it will continue for the foreseeable future does that not get factored into your assessment of where interest rates should end up >> it does we have to see the macro story about the increased supply so it's a demand story, and that more than accounts for what's going on in the supply side. >> when you hear the likes of thu.s. president constantly criticizing the fed for whatever they're doing at this point in time they're doing the -- they're in the midst of a hiking cycle. the president has said he disagrees with that policy he doesn't think they should be hiking this much do you think at any point the fomc might take that into consideration? >> for the time being or for the foreseeable future, no plenty of people have talked about the need for independence. it's not the house view, even though it's what the president is saying. i tonight see the fed being impacted by w

inside the dceperate journey ral americans undertake for a better life in the u.s the federal budget defspit swells as ending increases and revenues fall, plus much more. >> nawaz: th"washington post" published a new column today, the final column, from jamal khashoggi, the prominent saudi journalist who turkish officialu say waered and dismembered by a saudi hit squad. the column was written earlier this month, and the post's editor said she was hoping to edit it with khashoggi, but that she "has to accept, that is not going to happen." here's nick schifrin. >> schifrin: jamal khashoggi's editor wrote today that "his final column ctures his ssion for freedom in the arab world-- a freedom he apparently gave his life for."as hoggi writes that because of ment repression, arabs a "either uninformed or misinformed... a statemiun narrative tes the public psyche, and while many do not eve it, a majority of th population falls victim to this false narrative." his solution? a middle east version of radio free trope. "throu creation of an independent international forum, isolat from the influ

u.s. voting on the federal budget or efense spending or money for health care or, you know, affordable care act. o the reason we do the redistricting is to make sure it is one person, one vote. apportionment is another matter. seats each state get. a number of states in the south west will gain states and other states will lose seats in house.s. >> 31 state legislatures across the united states are controlled by republican hands. you take a look at the elections coming up in november, and senate, house 42 in the house only and four elections.h no 2018 in arizona, steve, hello. go ahead. c-span.go morning, i want to give praises to the show c-span. have been watching for years. it gives americans the pportunity to go right inside our law-making process although we're not able to vote. redistricting has a lot to do with money. who they find are more valuable cater to, and they are breaking up districts. democrats, i'm not sure, we know that the democrats to -- they got their hands in a lot of shady hings these days, you know, going back to the bret kavanaugh hearings and all of that other stu

the president has tried to cut the budget of u.s. aid. congress has stopped that. there is a sense that melania is using the distance from washington to chart her course through africa. dave. >> stepping out on her own. david mckenzie in johannesburg. thanks. >>> the white house says the fbi report on brett kavanaugh's conduct and the senate gets to start reading at 8:00 a.m. now maybe a final vote by saturday. today is the day you're going to get motivated... get stronger... get closer. start listening today to the world's largest selection of audiobooks on audible. and now, get more. for just $14.95 a month, you'll get a credit a month good for any audiobook, plus two audible originals exclusive titles you can't find anywhere else. if you don't like a book, you can exchange it any time, no questions asked. automatically roll your credits over to the next month if you don't use them. with the free audible app, you can listen anytime, and anywhere. plus for the first time ever, you'll get access to exclusive fitness programs a $95 value free with membership. start

budget. i. just mentioned the u.s. is seeking to compete with chinese influence in the developing world and it's like washington is already attacking beijing on several fronts and along with washington imposing hefty tariffs the u.s. vice president mike pence now claims that china's actual gold in this trade war is to oust donald trump china has initiated an unprecedented effort to influence american public opinion the two thousand and eighteen elections and the environment leading into the twenty twenty for his eventual elections china wants a different. one else seems wrong. to me. to see. the answer. and in the game. trail. when something find themselves worlds apart we choose to look for common ground. friday stories here on out hundreds have been arrested during a certain protest the u.s. senate offices against supreme court nominee brett kavanaugh. crowds march to two senate office buildings with banners and signs protesters said one of the buildings filled the atrium when they refused to leave police made nearly

budget. as mentioned earlier the u.s. is seeking to compete with chinese influence in the developing world and it looks like washington is already attacking beijing on several fronts first there's america's trade war with china and now vice president mike pence is accusing beijing of trying to remove trump from the white house and china has responded strongly accusing washington of interfering and other country's affairs china has initiated an unprecedented effort to influence american public opinion the two thousand and eighteen elections and the environment leading into the twenty twenty presidential elections china wants a different american president it is ridiculous for the u.s. side to stigmatise its normally exchanges and cooperation with china as china interfering in its internal affairs and elections the international community already knows full well who wants an early infringes upon others sovereignty interferes in others internal affairs and undermines others' interests. after a term brought in the first wave

u.s. and across europe. budget airline primera air shut down after going bankrupt leaving more than 1,000 passengers stranded at airports. at dulles in virginia the ticket counter was empty. luggage was abandoned and a note explained that all future flights were canceled. >> i never heard in my lifetime a company last minute going bankrupt and people being stranded like that. >> the european-based company posted a statement saying in part, kindly understand that the usual options for contact cannot be loer. >>lta is partnering with petravel startup to help make traveling safer for pets. details are still unclear, but delta says the singapore company will help monitor pets better and give realtime updates to customers. >> we put them under the seat in a carrier. >> they didn't lose him. >> no, he was with us. >> i don't think "lady bleah bleah" could fit under the seat! ha ha! >>> here's the traffic report with jaclyn dunn. >> we have slick wet conditions especially in the south bay. we have been tracking this crash

u.s. and saudi arabia and concerns about the chinese economy and antaan budget crisis. all of it had investors wondering if the u.s. economy could stay as strong as it loo now. >> the market struggled all day moving between gains and loss. >> on monday, the dow ended down 89 points. then strong earnings from a broad swath of tech, health care and financial companies set the stage for a relf rally on tuesday and the week's biggest move, a o gain 547 points. but the relief was brief. >> the federal reserve hints at more r >> on wednesday, minutes from a recent fed meeting confirmed beliefs that another interest rate hike is coming in december. the dow dropped more than 300 points early on before finishing down 91. adding t the global plate of worries on thursday, china's economic slowdown and european central bank leader mario draghi who worried out loud about eu members spending beyond means. the dow dropped 327 points. and today another bumpy ride. gain of more than 200 points disappeared. buthe dow bounced back again and finished up 64. in man ways the wild ride traces

budget. as kelly just mentioned the u.s. is seeking to compete with chinese influence in the developing world and it looks like washington is already attacking beijing on several fronts firstly as america's trade war with china now vice president mike pence is claiming beijing is trying to remove him from the white house and china as responded strongly accusing washington of interfering in other countries if as china has initiated an unprecedented effort to influence american public opinion the two thousand and eighteen elections and the environment leading into the twenty twenty presidential elections china wants a different american president after term brought in a first wave of tariffs on chinese goods spacing and said with restrictions on u.s. imports it also filed an official complaint with the. washington followed that with more than two hundred billion dollars worth of tariffs against china it would tell eighty by imposing sixty billion in levies will say china announced this stopping all u.s. oil imports on the coun

u.s. . armed forces are under pressure they're battling recruiting. and broken down equipment and limited budgets. well the challenge is a huge lesson there is not enough planes or not enough transport helicopters or notion of tanks we have ten divisions that don't have tanks up place so don't sourcing and tribe it is ation are the order of the day in all areas but not composed dangers. to everybody that along comes all the private sector businesses make no money which is everything from reconnaissance drones to laundry facilities firms archangel treatment forces heat transfer and german. military industrial complex starts october twentieth on g.w. . player played . this is g.w. news live from berlin free at last from detention in turkey baster andrew bronson heads home of the united states after turkish border and says house arrest his detention was a major cause of tension between the two countries also coming up baseless allegations that's how saudi arabia is describing claims that it killed the dissidents who turn.

u.s. interest rates and the worry is that they're going to go higher the crisis around saudi arabia worries about the italian budget and now. we've got in the u.s. earnings that are disappointing and also pointing to maybe china and the us trouble finally coming to help businesses but people have it seems walking up to it now. over to the thing. hasn't cathay pacific come under massive pressure today as well but for different reasons the home base has reported a massive data breach he says good access to information on more than nine million passages which expose personal information of cost of us including passport and telephone them just happened earlier this year but was made public only yesterday however the carriers says there has been no evidence of misuse of the information so far pacific is the major airline to report today to breach this you know the british airways and delta airlines admit it's similar incidents. says lies back on the block for the first time in two years the production run for the mobile three so the. electric comic opposed to net income or three hundred and eleven million dollars in the

we will see risks emanating from this when it comes to budget deficit and debt within the u.s.? carl: i think their risk is there. so far, investors don't seem to be that alarmed, even our long-term interest rates have gone up, somewhat. the demand for treasuries internationally is still very strong. . perhaps that is only by comparison with other fixed world.markets around the nevertheless, long-term projections for the united states and other countries are affected by the them a graphics developed markets are facing. pensions and medical care will put this stress on the markets in the next two years unless markets are put in their rightful place. haidi: the popular narrative spews isident trump that this is hurting china more than it is hurting the u.s.. we are looking at this indication suggesting that exports are down, whether it is due to the trade war or whether it is structural factors of what the economy is doing, it is due to slow. 10 has been the factory of the world for a long time, but it is also the end consumer of the world in a lot of ways. will this be bad for g

u.s. interest rates and a fading of course of those tax hike, tax cut. and i think that in addition to that the market could be more affected by the budget deficit in the u.sch is not looking pretty, but it is an area for the market is concentrated on softer growth. i do think that will change by the middle of next year. guy: the fed is definitely on a gradual glide path to higher rate. looking at it from the european perspective, you have got a whole series of issues lined up. may of next year, the german political situation developing. italy developing. there's a whole bunch of factors coming together. do anything ini that kind of scenario? would the european economy take higher rates at this point? jane: i tend to agree with you. the summer ofd of next year, 2019, 82, they could be hiking, but given the scenario that you have just laid could either that does ,ot happen and there are we do potentially, we could be looking potentially at a weaker scenario in 2019 as well. two it's difficult to the firm on that, but with respect to the italian budget and european elections, it's difficult to predict what would happen, but there is a scenario where it could

european equities underlining investor concerns around the threats of brexit an those italian budget woes. u.sstors according to the survey have now been selling out of european equities for eight months in a row, more than fully wiping out 2017's buying pspree. >>> let's get over to bertha coombs for a look at tech stocks at the nasdaq. bertha. >> yeah, morgan, seema talked about sd micro, and then you get texas instrument disappointing outlook as well. that is casting a lot of collateral damage in the chip sector and underscoring the recent pessimism that we've seen about sector demand. the semi conductor index is down 20% and is on pace for its worst monthly decline since the 2008 financial crisis t.i.'s analog chip shipments were one of the real weak spots in the sector and they see slowing demands in markets like autos, raising uncertainty about how much of this is a sector-specific issue or a reflection of bigger economic problems remember last month we had micron warning about clients' bloated chip inventory so that was going to reduce demand both texas instruments and amd among nearly

we agree with him on, european allies are not contributing as much as they should to the nato budget. the u.s. is spending far more as proportioned to its gdp. he left the nato summit a very cause he secured some ed to nato commitment for extra funding from the european side. so i think it's important to understand his method, which is the method to start by making people sweat and think about the possibility of american withdrawal but fundamentally in the end i think he does understand the importance of some of the really important alliances that underpin the international order. >> i wonder what you make about his speech at the united nations. he was very clear that this is about a sovereign america and that he rejected the idea, as he said, of globalism and embraced the idea of a national doctrine of patriotism and he urged that on everybody. as if they were mutually exclusive. i couldn't be patriotic if you were globalist or whatever. and europe's sovereignty is being breached if he says he's going to threaten you with secondary sanctions for doing business under an internationally recogn