u.s. uniquely rather than other countries because of the share buyback, you are having a correction in equitieshinkng over but i to the extent of its expansion continues, they are likely to reemerge as a sweet spot. >> it would be disingenuous of meat is a credit has come out ok. we have seen some spread widening. the broader point is that leveraged loans remain pretty much resilient for all of this. if there are, people watching this program worried about the equity market volatility, is your message to them ultimately that the message in credit is not one of doom and gloom? >> leverage loan is the hot area. the value is not necessarily their and that's going to be the weak undervalue. in the meantime, the technicals are very strong. it has gone from a wholesale chief fixed income market a couple years ago to much more of a bond-pickers market. selective. be very the gems now are ig. the pointick up on that the leverage loan market is strong. why? >> the retail demand is very high and you have a fed rate hike environment. a bulletproofed technical for that market despite really high issuance.

u.s. uniquely, relative to other countries, you have steep correction in equities spilling over a bit.the extent that this recovery, this expansion, continues, they are likely to reemerge as a sweet spot. jon: it would be disingenuous of me to say credit has come out of this ok. we have seen spread widening in high-yield. the outperformance has been the worst part of high-yield. the broader point, leveraged loans have remained resilient. to your point, if there are people watching right now worried about the equity market volatility and downdraft, is the message that for credit, it is not that doom and gloom is not around the corner? i think leveraged is the hot area. that is the hot area where the value is not necessarily there. that is going to be the weak underbelly when we get to the next correction. in the meantime, technicals are strong there. it has gone from a wholesale cheap fixed income market in credit from a couple of years ago, it is more of a bond pickers market. you have to be very selective , whether it is peripherals, high-yield, emerging markets. the most difficult to

u.s. that's not unique to this situation i don't know of any well informed servers who have claimed that bush actually hacked the election there were certainly some some claims early on that perhaps certain servers have been hacked those claims were dismissed to my knowledge i think the key issue that's been concentrated on is what relationship to trump but ocracy has with the putin kleptocracy and beyond that what's certain groups some of these companies like a magenta leather gun palance or what role they may have had in what i think are not entirely new methods of disrupting elections or putting out its information they're sort of they're sort of taking advantage of the ability of the internet to mass to do on a large scale what used to be do it on a small scale and that's and that's not unique to the celeste election it's not unique to russian operations the u.s. a lot of the same knowledge of procedures that we've seen been used on twitter some of these were created and developed by the u.s. some of these companies including the ones that we exposed back in two thousand and eleven the th

u.s. being unique among the industrial nations for those high costs, all the while a rise in infant mortality and drop in life expectancy. the u.s., one of the few that has a private, for-profit insurance model. how do you propose fixing this system to bring u.s. health care more in line with the rest of the world? moderator: this goes to jay webber first. mr. webber: there are a few things we should do immediately. that is to allow people to buy health insurance across state lines. it would lower health costs for new jerseyans. they could purchase policies that fit their families needs and their budgets. we should aggressively attack chronic illnesses. treat them and prevent them. 75% of our health care spent in this country can the attributed -- be attributed to chronic illnesses like asthma and diabetes and later onsets. we should protect our doctors from jackpot lawsuit verdicts. tort reform can help doctors order fewer tests and practice less defensive medicine. but one thing we should do is to do something mikie sherrill is wide open to, a medicare for all plan that would not only blow

u.s. coast. , a very unique aspect of the campaign was cutting communications cables.back then, as today, the cable was running under the ocean, and the position of these were known, there were maps that will show you where those were at the time. they u-cruisers boat command itself and some of the actual u- boat commanders that knew what u-boat was about were against wasting time cutting communication cables, they saw this as timely could be sinking ships and they realized a lot of the cables would be cut in waters that were probably not very deep because a submarine cable cutter could not reach way down to the mid atlantic to cut the cable where it could not be fixed. they had to do a close to shore. whenever they were cut they were fixed within a month. the germans also tried to use the large guns in the azores and an attempt was made to bombard, most of the time it was close to shore within view and they would bombard with big guns. this was actually one of the ships mentioned before, u-154, bombarded the cable station in monrovia and liberia. it was fixed quickly

u.s. is 3.77 million. this is a win-win situation at its finest. i can for japan and used to continue this kind of relationship between us but this is hardly unique to our bilateral ties with the u.s. under the flag of free trade come japan has with any country and in the reason the relations in which we each can be of assistance to the other. we will continue to do this going forward. in order to expand free and fair economic rules, befitting to the 21st century into the vast region, extending out, the coaches occurred the system and reap the greatest benefits, that is to say countries like japan, must lead the effort. that's what i believe. just a few moments ago i stated that i will do everything in my power to clear the long-standing postwar structure from northeast asia. i am now, together with president vladimir putin, working to get the deadlock between our country's that have seen no movement for more than 70 years back into motion again. president putin and i met at the beginning of this month. this was our 22nd side meeting and i would meet him again in the near future. we must resolve territorial issue that lies between japan and russia,

u.s. sovereignty. that's a uniquely american burden. and as president trump said it's something we need to address inside our country to make sure we do this well. reporter: the countries in central america did what they could but it wasn't enough to stop the latest caravan. >> guatemala also postured to slow them down and only processed those with valid documents. but they pushed through the quad mallian bored with honduras. in mexico they are well repaired with hundreds of police officers at the southern border. reporter: mexico made it clear they will turn away anyone without legal permission. president trump: we give a lot of money to these countries if you look at el salvador, honduras and guatemala. tens of millions of dollars. in one case, $400 million. they do nothing for us. i called them and said very nicely, you are not going to get any money if you let this happen. reporter: the caravan has been stopped again at the mexico-central american border. liz: now to the crackdown by law enforcement at mexico's southern border with

louisianaake charles, to learn more about its unique history and literary life. traveled to u.s. cities, bringing the book seem to our viewers. you can watch more of our visits at c-span.org/citiestour . >> it's in the southwest corner of

that is where, domestically in the u.s., the majority of the unique household growth has been. market,he international it is not so much having to worry about the disney's or at&t's, it is the global tv's and brazil that owned all of the popular rights. netflix has had problems competing in these markets. my concern is, in order to compete on 100 different fronts at once and having original languages the native and different john rose, the amount of money netflix will have to spend on content over the next few years is so unprecedented that i would be concerned if i were netflix. emily: and international is where the growth is coming from, but can they keep it up? andre, and lucas shaw, thank you so much. staying with her earnings shares of ibm, they dropped it after hours trading and he missed expectations. and they missed expectations. its comes as ibm shifts focus to the cloud division where revenue rose by 10% to $4.5 billion. joining me now from new york is our next guest. why the miss? >> there are a couple of things we expected and some unexpected. through ceosoes and wi

tv or other, is hype -- is high quality content and that is where domestically in the u.s., the majority of the unique growth has been in the last 20 months. in international markets, it is not having to worry about the , it iss or the at&t's the global tv in brazil that owns all of the rights. and netflix has had problems competing in these markets. my concern is in order to compete on 100 different fronts at once and having original content in native languages and different genres, the amount of money that netflix will have to spend is so unprecedented that i would be concerned if i were netflix. still ahead, the problem of misinformation in elections. inundatedia remains by yet and facebook hopes it has a solution but is it too little, too late. and if you like bloomberg news, listen to us on the radio. you can listen to us in the u.s. on sirius xm. this is bloomberg. ♪ emily: facebook has been under intense scrutiny when it comes content on its platform. the company has been investing heavily in cybersecurity and ai to diffuse threats before they spiral out of control but is it too little too late

u.s. isn't inherently unique. just expense and devoid because institutions might function although differently. my question would be, what is the country who hasn't quite ended up with the u.s. has complained to restart to learn how to avoid this current situation? put lightly. >> so that's actually a very interesting question, canada and australia both have higher proportions of their population born outside of the country and the united states. the united states right now is about 50%. i think canada is like up to 22, 23%. australia is read 20 or so, and yet apart from that you have had a serious populist movement. there's no serious populist movement in canada right now. this could all change tomorrow. .. is not simply racism, xenophobia and the level of foreign-born people in the country it actually has to do with other things like for example the degree to which the company is control of its borders and the degree to which it can select the kinds of the people that legally allowed in. both canada and australia

u.s. economy powell told an audience that a unique combination of low unemployment and inflation in the u.sdicated the current economic period indicated extraordinary times. powell also said the fed does not expect trade tensions to have a long-term impact on inflation. instead he said forecasts indicate there will be an extension expansion. >> the medians of the most recent projections and the most recent cbo forecast all have the unemployment rate remaining below 4% through the end of 2020, with inflation staying near 2% over the same period from the standpoint of the dual mandate, this is a remarkably positive outlook i was asked at the press conference last week whether these forecasts are too good to be true, which i have to admit was a reasonable question. >>> the chicago fed president, charles evans, told cnbc this morning that he agreed with powell's positive view of the economy. he also repeated his belief that the fed will need to hike interest rates past the neutral rate >> the u.s. economy is doing extremely well fundamentals are strong. labor market is doing terrific unemployme

the idea that it doesn't happen and it's not going on in the thousands, the idea that it's not unique to the u.s., canada, the developer world? it's false. >> bret: what do you say to the people who look at this from a one week away from the election day, this is about stirring the pot, getting people fired up. >> the president is out there, he's in pittsburgh to express his condolences, for this violent, anti-semitic act, but on the other days can be he's out there campaigning for candidates who he says will help support his agenda. he talks about free-market health care. he talks about tax cuts. talks about the regulation. talk that he tried to meet with kim jong il and to get denuclearization of the korean peninsula which helps everyone. we have detainees and hostages that are coming back home. he talks about immigration -- he talks about immigration in many ways. border security, national security, talks about coming to this country legally through legal port of entry. there are 26 of them. last year we had 38,000 -- we processed 38,000 claims of critical fear? that's a record. dhs said over

this isn't happening, the idea this isn't going on in the thousands, the idea that it's not unique to the u.sd to canada and the developed world is just false. >> reporter: legal scholars say the president's proposal is unconstitutional, among them, george conway. er under president obama the conservative and liberal write this. "both proponents and opponents of the language of the 14th amendment at the time knew exactly what the meant. they um held that 14th amendment has the fundamental citizenship by birth in the territory, including all children born of resident alien. the exception children born in foreign enemies and hostile occupation and diplomats. neither of those narrow exceptions supports what tru proposes to do. the co author of that piece bill join "morning joe." >>> and watch this. >> you cannot end birthright citizenship with an executive order. we didn't like it when obama tried changing immigration laws via executive action. and obviously as conservatives we believe in the constitution. i think in this case the 14th amendment is pretty clear. >>> and tweeting in part a presid

clear multiyear period with unemployment below 4% and stable inflation would if realized, the unique in modern u.s. to understand the basis of these forecasts, it is useful to contrast very different periods included in figure one, first from 1960 through 1985 and the period from 1985 -- today. the first period includes the great inflation in the latter includes the great moderation and immoderate period of the global financial crisis and aftermath. unemployment in corporate other than headline inflation. with the great inflation period on the left and the recent period on the right. while our inflation objective is headline inflation's, switching to: inflation makes relationships clear by removing a good deal to do food and energy prices. an ability not driven by labor market conditions or monetary policy. there is a dramatic difference in the on employment inflation relationship across to periods. during great inflation, inflation moved over. and the more recent period, the on employment rate fluctuated between 4% and percent. inflation has been tame. averaging 1.7%, never declining below 1% are

well while this is a unique case in england since twenty sixteen the u.s. state of california has given parents the choice to pick between mother or father or simply person to according to personal preference well as i say of this house caused a lot of debate we got the views of a l g b t campaigner peter tatchell political commentator david toms. the question this case raises is who should be on the birth certificate shouldn't necessarily be mother or father or could it just be parent i would think that it's not really important for legal reasons or any other practical reason why has to be a mother peter just said this let's remove mother from the birth certificate and replace it with something more more nonspecific such as parent but mothers give birth the kids sorry spoiler alert that's how it's been that's how it was always going to be and no one minds of debate are going to change that biological fact why why not just be make a reasonable accommodation in the small number of cases to acknowledge this person of the parents of the child will know that th

u.s. it makes us unique. we are the only truly global wealth manager in the world. eans we have leadership positions in all main markets, not only in the u.s. europe and asia and switzerland. we can bring the expertise of investing globally which is very complementary to some of our competitors. nejra: in global wealth management, a lot of focus has been on the cost cuts. there was some tweaking around the cost targets today. first of all, how should we interpret them? how are those costs targets going to come about? sergio: it is a function of becoming more efficient. when you look at our cost base, one thing that will stay stable is investment in technology. that is 11 just to get around the rest of the costs front to back. around 2% to 3% per year. what do we do with those costs savings? we reinvest for future growth. that's an important element. our story is not about cost-cutting. efficiencyination of in how we manage our resources and how we manage our balance sheet. the trade-off is the frontier of efficiency between capital returns and cost to income ratio. w

u.s. >> we have a unique relationship with u.s.sted in one another's kinds, and americans put to work for uk countries vice versa every day it is important we look at future of global markets see where we have restrictions what we can do one another had we helped sme's protect areas like cybersecurity issues today. >> what would you like to see in a bilateral deal with u.s. i know issues in terms of europe and uk specifically uk and u.s. what might that look like. >> we want to see where there are restrictions in terms of goods if you look at real opportunity, it is for us to move forward, the u.s. is biggest globally service exporter we are he second if we can get liberalization there fantastic if modify towards a single market for example financial services that would be ground breaking globally. >> how does that jive with what is happening for financial services companies you know businesses need serendipity, over this last year, businesses weren't sure how this would play out so they've tried to hedge bets putting some of their

uniquely chinese flavor. users more than double the entire u.s. population. successful that some u.s.nies are taking note. >> i think a lot of people would point to facebook trying to copy the we chat model where they are allowing third parties to open e-commerce stores, third-party games introduced on the platform. >> there is increasing pushback. president trump: china. they are draining us, taking your money and rebuilding themselves. >> president trump says china is stealing u.s. know-how and is imposing tariffs. bloomberg reports that they even planted chips. >> we were seeing a lot of investment in technology in silicon valley from chinese companies. brakes sincethe the trade war. they areecently becoming increasingly familiar. every synthetical in 2018. for chinese tech counties to be expanding video to convince other nations they need -- me no .arm rashaad: that was one of the many quick takes you can find of the bloomberg. you can also find them at bloomberg.com, along with the latest business news and analysis 24 hours a day. that will be all for bloomberg best. thanks for w

u.s. it would effect los angeles, seattle, oakland. it's not unique to san francisco.t would have occurred in all of these cities. i think this is kind of one of the first efforts i think to really look back and start to address and be proactive about starting to look more carefully at assessing those buildings. i would emphasize, you hear in the news and l.a. has an ordinance on the book for non ductal concrete buildings the level of risk in those is much, much higher than what we expect in the welded steel moment frames. it's reasonable that it wasn't on the top of the list but now, because of the large inventory of them here to be proactive looking at them is why now? >> is there a priority? how do you prioritize it? there were 15 major recommendations. what are the priorities with the top? are you going to enact them all at once? >> let me turn it back to naomi. in our report that you have there, we listed the end, out of those 16 recommendations, short, medium and long-term. we didn't feel we could prioritize them. they're all important. the short, medium and long

u.s. must take full advantage of the unique opportunity to have the world's fifth largest economy and second biggest export of services push hard for competition-based regulatory and trade policy alongside you. together, we can turn back the tide of anti-competitive regulation around the world and we can create wealth where it has previously been destroyed. thank you very much. [ applause ] >> thank you very much. that was terrific and very informative speech. now i'd like to invite questions from the audience for you. i am going to actually kick off with the opening question and just a few days ago, the governor of the bank of england, mark carney issued dire warnings about the consequences of a no-deal brexit he said there would be a collapse of the housing market, a surge in unemployment. similar things to i think what he was saying before the brexit referendum and we seem to be sort of going through another project fear from those who initially opposed brexit in the first place. can you talk about the resurgence of project fear and if there is a no deal for brexit, what would that look l

unique history and leav literary culture. ♪ reel america, from 1952, hawaii delegate to the u.s.gress talks with journalist william bradford hughley and author james hr cromwell about statehood legislation, hawaiian industries in tourism, organized labor, race relations, and communism. the interview is from across the scope, a news program that aired on cbs until 1955. it was recorded seven years before hawaii became the 50th state, in 1959. the televisionr journal of the important news of the hour, brought to you every monday, wednesday, and friday, longines.ntation of >> good evening. guest foroduce our this edition, mr. william bradford hughley, editor of the american rectory, and mr. james h r cromwell, former united states minister to canada. star distinct guest for this evening if the honorable joseph r carrington, delegate to congress from the territory of hawaii. mr. farrington, about 2 million americans traveled through hawaii during the second war and met most of our viewers tonight who hope to go to hawaii at some time. it's a great pleasure to have you with us tonight

u.s. treats from prior agreements. challenge has unique strengths. president trump has criticized globalism and questioned americans -- america's participation in multilateral agreements. that the house says third woman who accused judge kavanaugh of sexual misconduct won't be included in the fbi inquiry. the president tweeted that he was investigators to talk to anyone. the democrats are calling on the white house and fbi to publicly release the scope of the investigation. as long as it is conducted in a professional manner and we give the fbi the ability to do their jobs instead of having it be micromanaged by the white house, we can at least get to the bottom of the evidence. is notwhite house getting involved in the fbi investigation in that way. the president respects the independence of the fbi. they should be looking at anything they feel is credible within this limited scope. the death toll from the 7.5 magnitude earthquake in indonesia has dropped 800 with casualties expected to reach into the thousands. the government has declared a state o

is a former advisor to iran's nuclear negotiating team so you have some unique experience with this topic. so both russia and the u.s. have accused each other of failing to uphold the i.n.f. treaty. so does this move from trump actually change anything. yes of course it sends a very significant negative signal diminishes the relations between washington and moscow at a very perilous time and potentially also damages us is relations with europe because if president trump acts on this threat and they go ahead and develop the new intermediate missiles the only place to put them of course is in the nato countries in proximity to to russia which will be a very destabilizing factor and we just heard from president putin promising response is the danger of action reaction dynamic that will be a giant leap backwards to the cold war era and in my opinion is really unnecessary to correct what your reporter said there and have treaty that is not touched. and see launched missiles intermediate missiles and is limited to only ground launched missiles and that's one of its basic limitations and of limitation of course is that u.s

christine lagarde has some interesting comments, she saw it as a unique combination of u.s. netary tightening at the same time the trade war is unfolding. that is a unique situation for markets to grapple with. as for the fed, this has been telegraphed. the verdict here is jay powell and the board there a file the same. -- verifiably sane. francine: thank you very much. decisionsid the fed play into the selloffs? maya bhandari, executive director, columbia threadneedle and pau morilla-giner, cio, london & capital group are still with us. when you look at what president trump is saying, doesn't hurt the fed's independence or change the way look at things? does it make them hike more because they want to make sure the signal is we are independent? pau: doesn't hurt the fed's independence, we will see? whatever it does, we will see their credibility or not. comments are not directed at the markets or fed, they are directed towards his base which will go to the voting booths in less than a month time. tries to put blame on him gets diverted. the fed has to follow through, and it