u.s. centric or more on more looking out what white basically right what's interesting is that this week this last two weeks was really on us line came out ventana got a lot of praise simply for having a much wider range of darker colors which sold out very fast but also ended up showing that she she found a spot that no one thought really was needed and that was for people with albinism are people of very light skin as well who couldn't find not think how important is it with the beauty industry that there are products that speak to us. it's very important every woman should be able to walk into a sub four and also boys have a blue store and be able to find their fallen nation color in two thousand and seventeen there's absolutely zero ease and for us to be able to go as a store and say wow i really like these products but they don't have lie in tolls and the reason why that's happening is because a lot of companies frankly just don't care enough about black women. to want food. investors hiding and the lady in the research tools making these darker chill and realises a black woman she saw t

u.s. centric forms, feeling pressure -- firms feeling pressure from their own boards and investors to read how they pay for research. there is a lot of focus on payment and what things are worse. -- worth. we are -- have been having this conversation for nine years and think we have the value. at bear stearns i have 4000 clients come institutional investors and today we have fewer than 500 and each one of them is important and understand the value we bring. if somebody does not understand the value, we will do business with somebody else. it is very different for the larger banks and they will be to geta lot of pressure paid for analysts that have been stuffing inboxes but not adding value. julie: the people you have in hiring are experienced and top-notch analysts from other firms. what about the next crop of talent? they are coming into an environment where they will likely be potentially fewer jobs. -- there will likely be potentially fewer jobs. how do you then look to the next generation and make sure there will be that critical mass and you will get the top-notch talent of the next w

u.s. centric events, but they had cut way back on meetings. is it china leads the world or the united states leads the world? stephen: what you're seeing given increased uncertainty in the u.s. is other regions are finding ways to work together in ways they had not in the past. china taking over leadership in the asia area, and increased relationships between europe and japan and china. world markets and companies continue to adapt. uncertainty on the political side in the u.s. is certainly a headwind, but we are seeing other leaders stepping up. that is a good story. david: stephen parker of jpmorgan will stay with us. coming up, we have alan krueger of princeton university with a new study on the effects of opioids on the u.s. workforce. this is bloomberg. ♪ david: this is bloomberg. last week, u.s. consumer price index gave a stronger indication of inflation. this morning we got the final read for august cpi in europe confirming that 1.5% inflation rate in europe. joining me now is mike schumacher, wells fargo head of global rates security.

u.s. centric stocks >> so far, it's large into small today. growth into value. russell 2000 actually green on the day. maybe it's the start of something. paul, steve, rick, thank you very much. >>> we have 50 minutes to go until the close. as we mentioned the dow's down 67 it was down 130 at the lows there. the s&p down 9 the nasdaq down 70 the russell, mike, as you mentioned, positive,. >>> coming up next, the ratings are in for the nfl games did the president's harsh words toward the national anthem protests impact ratings? we'll have those numbers next. >>> later, qatar airways named the world's best airline for 20. 17 we'll talk to the ceo about trump's travel ban >>> and we want to hear from acoutoyo reh t the show on facebook, twitter, or send us an e-mail you're watching cnbc first in business worldwide. us. it's what this country is made of. but right now, our bond is fraying. how do we get back to "us"? the y fills the gaps. and bridges our divides. donate to your local y today. because where there's a y, there's an us. >>> we are watching the white hou

u.s. centric story. this year is about europe and japan to a certain extent.t quarters of growth in a row a positive gdp. markets are seeing higher export values as well as an uptick in investment. this is a really strong broad global recovery. jonathan: why can austria issue a century bond with the yield of 2.1%? we can go into the details that it's offering. and $11 billion auto book for $3.5 billion of century bonds. none of us will be around when this thing matures unless central banks get crazy with health care as well. i'm wondering what's going on here. terry: i think it's interesting, but it's companies being able to take advantage of the huge demand for yield as well as the duration and risk and portfolios. we can say rightfully or wrongfully that it's justified, but the reality is that there's supplyt a huge amount of and bond investors are stretching. that may be wrong and 100 years, but they are looking at what are the prospects and trajectory of interest rates and saying we will take the. that. jonathan: we will ask where the risk is right now --

u.s. centric company and not steer clear of any government?uldn't you always be sitting there with your phone on video record when i talk to you now off camera i don't -- do you notice i just try to confine it to small talk i don't say what i really say. >> you haven't said what you really think >> no. >> oh, boy >> sure. >> couldn't you do that? anywhere you are now, worry that everything is recorded. >> i think you should always think that you're being -- well, that's apparently the concern. that makes it hard to work. >> with the watch now, right >> yeah. well, it has a telephone on it, right? >> if it has a recording device. >> society needs to be -- different than five years ago. jokes. pictures selfies. got to watch the selfies poor giraldo >> watch the selfies as you know. >> we have to watch the selfies. some people that enters their mind. >> let's get back to the markets. >>> if you look at other asset classes, there was some risk in the marketplace especially the run up in gold and that manifested itself in a sentiment measure. >> we

moving to person centric vetting, a one-stop shop for all the information the u.s. has gathered on the person, they can make more easily accessible and shareable. and then resettlement, which we have already discussed here, but particularly emphasizing credibility in that process. i think what was perhaps most striking for us when we looked at the security -- the related security issues here was that those people who came to the united states as refugees who then later engaged in islamist terrorist activity or related activity, the great majority of them radicalized here in the united states. it was very rare for someone to be resettled and immediately turn around and engage in that sort of activity. many of them had been in the u.s. for decades even or longer. >> so i don't -- i don't want to try to sound arrogant or anything. i actually want mvp in that tournament, though. i'm just telling you. but it was -- it was -- i know that's terrible. that's just awful, but the beautiful part about that was, you know, some of the guys that were out there playing were people

moving to person centric vetting, a one-stop shop for all the information the u.s. has gathered on the person, they can make more easily accessible and shareable. and then resettlement, which we have already discussed here, but particularly emphasizing credibility in that process. i think what was perhaps most striking for us when we looked at the security -- the related security issues here was that those people who came to the united states as refugees who then later engaged in islamist terrorist activity or related activity, the great majority of them radicalized here in the united states. it was very rare radicalized he united states. it was very rare for someone to be resettled, then to immediately turn around and engage this this sort of activity. many of them had been in the u.s. for a decade or even longer before they started engaging in terrorist-related activity. and this -- this gets to what joe referenced, this 1.5 generation challenge. we think of 1.5 as children who were resettled to the united states or to any third country, really, as children, as yo