united states and china, including cybernet. a report said theft prod chinese hackers cost the united states economy some $200 billion a year. the president also working on a major trade agreement. right? >> well, yes, but it's not the one the chinese are pushing. the deal is actually closest to becoming reality involves the u.s. and 11 other pacific rim nations whose leaders are also at the summit. calls the traps pacific partnership and at least part of its goal is to cut into the surplus that china maintains by exporting more than importing. the tpp group includes the u.s., japan, australia, canada, mexico, and other countries. mr. obama told their leaders more trade between their economies has the potential to create a lot of new jobs. >> the fastest growing, most dynamic region in the world economically, our teams have made good progress in resolving several outstanding issues. today is an opportunity at the political level for us to break some of the remaining logjams. >> despite the progress no final agreement is expected on the trip because of long-standing differences over how widely japan will open its doors to u.s

united states. it is actually good for our economy.ke me come to this great country and have six children. [laughter] >> you have more than your fair share, stuart. >> the average american couple is only having two kids. china also has a demographic problem. stuart: see what i am doing for you people? [laughter] >> that is why i love immigration. stuart: one quarter of americans prefer socialism to capitalism. i am not surprised. people like having stuff given to them. >> i am not surprised. that is what they learn in college. that is what they learn in high school. we may have to change the terminology. the free enterprise system. stuart: yes. control the language. free market enterprise. that is very american and very positive. >> there you go. the goose that lays the golden eggs. stuart: i like it. it has all been a failure, folks. stuart: we want to talk with professor gruber. thank you. a big headache for a cruise line. nicole: you talk about carnival today. you will be time it in with a gastrointestinal virus. carnival cruise lin

inequality in the united states can put a sustainable long-term prosperity, high wages, we can only solve the problem by creating more high skilled workers for a 21st century economy. we don't see ourselves in a lot of conversation, there are a lot of high achieving low-income students in the united states that don't have access to the four-year university college education. the students high school seniors in the united states who score in the top 10% of all students a standardized test, roughly one fifth of the students come from the lower court shallows of the income distribution. there's a lot of smart poor kids. the data also tells us you have only an 8% of going to college whereas if you're in the top quartile there's an 85% chance of college. so we lack the discipline breakdown to do with the long-term problem, lack of access to higher education for smart kids in the country to create a 21st century workforce that would draw fire which is prosperity for everybody. it is where we could be. that's the point. it's not as though the emerging markets take over the world are that's not the point of turnaround. we have the humility to learn from their success. eit

happens in congress now is an affirmative direct program to build up jobs and growth in the united states economywth policy has to be the republican program and it incorporates everybody including the groups you're talking about. >> governor, i am old enough to remember when you ran for president. as we come out of this election in 2014 and look forward to 2016, i wonder if you could tell me which republican potential candidate you think is in the best position today? >> i don't think that our field at this point has emerged and i don't think that the people who have been talked about are talking about the right things. and the right things are the growth of the american economy, jobs, growth, opportunity, a real forward motion for what this country really stands for. this is why i formed the growth pac and we bought television and radio tiesing in iowa and new hampshire and virginia and radio in north carolina because we want to inzwlekt idea of a growth and positive economy for the united states and that is what has to be done for '16. you can get into all kinds of personality contests and that

of potential sanctions and iran's reentry into energy markets, what will that mean for the united states economy? we know iran stands to benefit, but as you will see there is also significant benefits for the u.s. and the global economy. to discuss these issues, we have three of the best experts who can talk about these issues. far right we have dr. farsi. he is the author of two books. he will be discussing some of the political elements of these final negotiations. next we have suzanne imaggio. she has been involved in track two discussions involving iran re many years now. she has engage directly with he iranian side. suzanne is a senior fellow at the new america foundation. she recently authored a piece for foreign-policy discussing what the region looks like when your after a potential -- one year after a potential deal you'd we hope for her to expand n that in her remarks. next we have david hale. he is the chicago-based conomists. david recently wrote a piece in national interest discussing the potential economic benefits of a deal in which he detailed how iran's reentry into internationa

the economy in particular, they are getting zero credit for the state that the united states economyrebounding faster than any other major economy in the world right now. we're the world leader. the democrats haven't been able to make a note of that. this reminds me of al gore in 2000 when he could have run on the clinton economic record and he did not and he lost. and i just think they could have made a bigger effort to embrace that part of his -- of obama's record. >> are the republicans on capitol hill, dana, you've covered congress for us, are they already measuring the bigger office suites over there? do they already think they have it locked snup. >> mitch mcconnell's suite is pretty sweet already. locked up, no. but they are certainly feeling more bullish and confident. he got a call from a senior strategist over the weekend who was going through the numbers, the turnout, polling numbers and so part saying that any which way you slice it, it looks almost impossible, no impossible but almost impossible for democrats to hold on and he'd very much likely be the next majority lead

it's really remarkable how they're thriving the united states economy. 43% of shoppers plan to shop this saturday. those 73% will shop specifically to support small business saturday. small businesses provide 55% of all jobs and 66% of all net jobs since the 1970s. the 23 million small businesses account for 54% of all u.s. sales and it goes on. those are remarkable numbers. >> it's incredibly important. there are 3.2 million. 98% of them have 50 or fewer employees, so they truly are small businesses. 95% of them have sang sickle location and 50 or 60% of small business is responsible for all of the activity that takes place in the economy in many of those local communities. but the most important number we think is the fact that so much of that money is spent with a local business stays that that community and supports that community. helps entrepreneurs there. helps spur other business growth, other investment there, so it's so critical to support it. >> your admiration really has to go out to the person who decides to embark on a small business career. the amount of work involved in s

so as long as the united states economy is strong, it can help keep driving china's economic dro growths much better for china because they don't have to fear an economic slowdown and it can face the myriad of problems it faces domestically. >> i was struck by some analysts over in china who presented this trip through the prism of some of the worries of the chinese if this was a de facto american trip to try to neutralize china. how well received do you think the bz. >>. >> i think there's a surprising level of mistrust between china and the united states. i think generally america is viewed very, very well by the chinese people and i think through labor law and other forms of freer media in china they will be able to see what obama is saying. that said -- five years ago he gave an interview with a liberal paper in southern china -- this time . >> greater chance we will see it pass now that republicans are in charge. it was the democrats that had a lot of reticents that would entail in that trade agreement. >> they expect some sort of arrangement to come out of the meetings tomorrow wi

in fact, over recent decades, the united states has worked to help integrate china into the global economy. not only because it's in china's best interests, but in america's best interests and the world's best interests. if china and the united states can work together, the world benefits. >> reporter: well, certainly he went on to talk about human rights in china as well as freedom of the press saying these are important issues for the united states, not just boxes to check. that will certainly wrangle leaders. he will have meetings with president xi in the coming days. this is a rocky relationship in the recent years. obama will help through go the issues with chinese terms. a lot of issues. the president is trying to say that working together will help both countries economies. john. >> david, the president announced visa relaxation of the visa rules with the united states and china. anything else concrete we can expect to come out of the discussions other than that face-to-face meeting with the two leaders which i believe is wednesday. >> reporter: certainly the visa rules are interest

united states is full again. the whole industry runs on the gdp growth cycle. my concern is do europe and china bring down the united states? from our perspective the united states economyou see it? >> we are in 17 states area parts you never heard of like allentown, bethlehem which are doing great. you heard of them because they are a billy joel song. we are in alabama, west texas. , so 50% ofnd china the united states gdp is good sold overseas. if china crashes, you are seeing some cracks in china right now. europe is a real debacle. can they pull down the united states? >> i hope not. >> is that all we have to go on. great to have you here. tyler morris. i will be back with you in a couple of minutes. ♪ >> that is going to do it for "market makers." have a great weekend. on monday, taking the tv public. going to the digital stage. is it possible? we will speak to the ceo of pbs. hour,utes past the bloomberg television is only the markets. here is scarlet fu. >> thank you. i watched "downtown at bp bank is in the digital age. -- downtown abbey. they are set to close out a fifth straight week of gains. 0.5%.good for a gain of today's catalyst is china announcing a surp

and not just for all the political reasons, but, of course, we need the pizza pie of the united states' economy bigger, to feed more, and to be less surgical. federal reserve has tried. tomorrow is the day we can make a bigger difference. we will talk about that after the break. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so when a market move affects one of your positions, tdd# 1-800-345-2550 schwab can help you decide what to do. tdd# 1-800-345-2550 with tools like free live-streaming cnbc tv tdd# 1-800-345-2550 that give you the latest financial news and trends. tdd# 1-800-345-2550 and bubble charts and price charts that let you see exactly tdd# 1-800-345-2550 how market activity is affecting your positions. tdd# 1-800-345-2550 so when the time comes to decide whether to scale in tdd# 1-800-345-2550 or scale out you can make your move, tdd# 1-800-345-2550 wherever you are. tdd# 1-800-345-2550

lot of conversation how much it has cost the economy and also on the sanctions. the report shows united states has lost the trade 1305 and $175 billion very conservative estimates on the loss of export revenue. that number is likely a much higher with export revenue and it is a large amounts because that amounts to approximately 1 million lost job opportunities based on the government's calculations. i strongly encourage you to take a look. the consequences of the deal is very important at the end of the day it was never just about enrichment or a centrifuge. what this deal will do is define who will determine the policy of iran for the next decade to come? hard-liners which is of a deer died with his rhetoric for moderates? this deal will determine their political future for the next decade or two to have significant implications on the region and also implications what happens inside of iraq. as a result they recognize they cannot open the world without entering -- assuring the human-rights. we have not seen any noticeable change it remains negative but if you listen to the human rights defe

a destructive computer virus that could devastate the united states economy.ne of the good guys and he is not taking it lightly. he joins us, the founder of red tiger securitt. what about this is has most concerning? >> the thing that is devastating as this type of malware is affecting our nation's most critical networks. these systems are largely outdated, difficult to attach, -pand providing most critical functions to our national infrastructure. we have seen various attacks from china, now russia and the first there were starting to inveetory and our systems to learn abouttour critical networks but now it is getting more devious. they are planting route kits that allow them to remote control our software, hardware power plants and critical e infrastructure companies bite technology in them.ting in place charlee: that ould make it harder to retake control of our critical infrastructure. >> that is correct. the sad part is the asset owner, these are guys that trying to defend these networks and run the power plant and pipelines, their personnel are not equipp

speaker, americans are waking up to how much of the united states' economy is subject to the e.p.a. and its regulations, from carbon dioxide to owe zone, and people -- ozone, and people are anxious how these new and in some cases unprecedented rules will affect consumers' wall etc. it is reasonable and ex-- wallets. it is reasonable and expeditious that e.p.a., upon which it is relying to craft its regulations, will be transparent and available to all and not just the select few whom the e.p.a. deems worthy to see its work products. even the congressional committees who are charged with legitimate oversight of the e.p.a.'s actions have had difficulty in obtaining basic scene justifications for its actions over the last few years. the bill before us today will begin the process of making the e.p.a. accountable to the very constituency the agency claims to be protecting, the american people. i encourage all of my colleagues to vote yes on the rule and yes on the underlying bills and i will reserve the balance of my time. the speaker pro tempore: the gentleman from texas reserves. the

the united states economy is one of the greatest growth machines ever divide.appen. guess what, the next few years, nothing is changing. >> we have a shot at a tax deal to bring money back to the united states. we have a shot using that money revenue. that is big change. >> i would love to think so. right now this president will dig his heels in. i do not see an awful lot of policy changes. stuart: history is on your side. where are we going? >> stuart, this is by design. a lot of people are bashing the saudis. it is exactly the opposite. the saudis are doing our work for us. it sounds like people we want to hurt to me. number one, they benefit because i think they want to grab market share from asia. i think they want to get in the middle of that. we probably called them and asked them to do this. i believe that in my heart of hearts. let's get that to the midterm elections, directly. sarah palin is back with us. it is obviously a huge win for the gop. i want to bring up the war on women. possibly the worst political tact tick. it obviously did not work, did i

economies. >> the united states welcomes the rise of a prosperous, peaceful, and stable china. >>> four months after malaysia airlines flight mh17 was brought down in ukraine, a memorial service is to be held in the netherlands. >>> and millions of dollars of prize money are handed out to top scientists at a glitzy awards ceremony in california. we hear more about the pioneering projects that won. >>> hello. we start with a developing story in nigeria, where an explosion has ripped through a school in the northeastern state. police say at least 47 people were killed and almost 80 injured when a suicide bomber disguised as a student attacked the school in potiskum. our correspondent will ross is in lagos. what do we know so far, will? >> reporter: the blom blast went off when all of the students were assembled before the lessons began. so obviously the intention was to kill and injure as many of the students as possible. there were scenes of absolute chaos at the school and obviously at the nearby hospital when parents heard about the news of the bombing and rushed there. but the doctors and ot

we will continue to do so because we think such an agreement will be beneficial to the united states economy and for creating jobs here. we look forward to consulting very closely with congress. both parties in congress on the importance of this agreement and will continue to do so. >> on the issue of the pro-democracy protesters, what is the message? >> we have been very clear about our views and concerns about hong kong and other aspects of human rights and civil liberties in china as we have been elsewhere. i fully expect that issue of human rights will be on the agenda. is the president doing any type of civil society or cultural events and if not, why not? >> this trip, unlike his previous trip to china, is centered around the apex summit. we have on the other end the east asia summit and the u.s. summit. we have a relatively constrained timeframe. we will not have the opportunity what we would do in and around the apex summit and in and around the bilateral state the state visit is constrained. it's not as long as it normally be. it won't have a state dinner. it will have a luncheon in

united states. tpp is just one part of our overall focus on growing the global economy. as with the g20 is all about. the united states has put more people back to work than all other advanced economies combined. america can't be expected to just carry the world economy on our back. , the g20 has ae responsibility to act to boost demand and invest more in infrastructure and create good jobs for the people of all of our nations. develop, as we focus on our economy, we cannot forget the need to lead on the global fight against climate change. [applause] i know there has been a healthy debate in this country about it. asia-pacific, nobody has more at stake when it comes thinking about and acting on climate change. here a climate that increases in temperature will mean more extreme and frequent storms, more flooding, rising seas that submerged islands. in australia, it means longer droughts, more wildfires. the incredible natural glory of the great barrier reef is threatened. worldwide, this past summer was the hottest on record. immune, and every nation has a responsibility

iplace, itt is put ll economically integrate the united states in a way that the totalll offset pendence -- or i shouldn't say dependentargegely economies of southeast asia on china. th will ve oth economi options. united states have to change its investment patterns? i mean, there is a constant view in washington, an incorre one, that we spend too mh money on chineseaid and the can't seem to spend enough on foreign aid, because ththey recogniz that the smiley face then important part of military face? >> i mean -- to be perfectly i'm not sure we can match the amount of money that around.omises to throw whether that actually comes through or not, the $40 bilillin that, what billion have you, i don't think we're in a position economically or politically either to d do thatr get it through the congress. the people of the united states, horriblyhink, are interested in underwriting a aid billomic foreign the way they may have been the c cold war. i think that would be a tough political sell. >> sir, thanks very much r s.ining >> it t was my flefer. pleasure. talk abouteasure to issues that are important to the country. in afghanistan is win

united states globally is in a much weaker position than before. the united states through its conflict with russia, the chinese, and also the general decline in the economyrope and the united states makes it more difficult for the united states to sustain its power that it used to have before. so it needs a deal with iran, and especially with the crisis in the region and the rise of isil and other extremist groups, the iranians understand the americans need a deal, but they say the litmus test comes at the nuclear regul nuclear negotiations. if they about on that front then i think the iranians will think the americans are serious. >>> a local council in japan has voted to reopen a nuclear power plant. it was shout down in 2011. the prime minister wants to limit japan's reliance on expensive fossil fuel imports. >>> three transgender malaysians have won an appeal against the muslim law that bans men from wearing women's clothes. it say the law was degrading, oppressive, and inhumane. we spoke to the advocacy minister. she says it's an historic ruling. >> a landmark case in malaysia itself. no one has ever challenged the law, and therefore i see the rulin

and the united states economy is a plurality, 35% say it's getting better. 31 say it's getting worse.ay we are treading water. there's an even split about if the economy is getting better, worse, or just the same. national economic conditions not so good rapport. again, 30 something percent are saying that things are getting better and they are worried about the horizon. t if you're an incumbent, that's a bad number for you. we talked about the republican brand being established as well. and before they take it out across incumbents across the board. and this is the american dream question. life of americans will be -- and this is where the long-term anxiety kicks in. worse than today. 49% saying life in the future economically will be worse than today. only 22% are optimistic that the next generation will have it better. 27%, wolf, think it will be just about the same. you have this, even people who think the economy is going okay for them right now, they have long-term doubts, especially when they look over the job's horizon and their children. >> and these are national numbers, not

because the economy not just here in the united states but globally was in a free fall. have great confidence in the american people and this administration being able to work through and eventually solve problems. sometimes we don't do it at the speed that keeps up with the press cycle. so we've handled ebola well. but folks aren't talking about as much now but there was a period of time people were anxious. you'll recall just a year in office when there was big hole in the middle of the gulf spewing out oil. and we went through a month that was real tough. nobody talks about that because we actually had really effective response against the worst environmental disaster in american history. but when you solve the problem sometimes the cameras have gone away. when the problem comes um it's tough. but i tell you what keeps me going every day is to see how resilient the american people are. how hard they work. nothing i go through compares to the guy that lost his job or home or lost his retirement savings or trying to figure out how to send his kid to college. what i keep

and if we wait another year we are really risking the economy a united states come in my opinion. so i'm very hopeful that when we get back in a couple of weeks that senator reid is going to agree with us. we will have this bill on the floor. we will slug it out. dianne and i are joined at the hip on this. we are going to be together, and if somebody has an amendment that makes the bill better, we are okay. it's a bill that tries to send a political message of some sort, then we're going to work to beat it back. but i do hope we get the bill on the floor and we see the senate work in the way that the senate historical has worked, to provide good legislation. thank you. >> thank you, senator. i think you are saying all the right things we like to be. liability protection, flexibility. i will tell you admiral rogers was here. he's very big on the information sharing bill as will any said the same thing. he doesn't want personal identifiable information. he does want to get into the privacy issues. so i think that information sharing we talked to earlier, something we can talk about

united states? >> i think the people would say generally, and i would agree, that the united states economy is in goodpe. president u.s. will probably grow about 3% this year. unemployment is under control, i'd say, coming down. not quite as low as we'd like, but coming down. i think the best news we've seen recently is the congressional leaders and the president are saying maybe they'll work together. now, that would actually help the economy. i think if we had less dysfunction in washington, business people would invest more. and i think it would help the overall mood in the country. even if that doesn't happen, the economy is in reasonably good shape. >> jim cramer says he doesn't care if there's gridlock. he says there's less of an overhang. you'd like to see them get things done. >> if we could do things on trade legislation, tax reform, that would be helpful. over the last four or five years, the economy has basically figured out how to go forward without depending on action in washington. in other words, if you have a sore or a bad part of your body, you eventually figure out how to live with t

united states is not going to be there to stay. this is part of what china wants to propagate. you look at the united states, with the recovery economy, it is not a country in decline. but may be a country in retreat. those may be two different things. >> relations in china, has china won that battle? they were worried that this kind of prodemocracy protesting in hong kong would spread to the maimainland, and that may have fizzled out too. >> basically, china has lost the argument in hong kong, can they clear the protesters? yes they can. but the issue is no longer the protest, but the underlying one which is democracy for hong kong, beijing has lost that argument. nobody want to be infantilized. and that's what china has said, you're too insecure and not knowledgeable enough to govern yourself. that doesn't sit well in a society like hong kong. people in taiwan have seen what is happening in hong kong. now you see more protesters in the mainland itself. they have detained more than 100 people for sympathy actions to hong kong. that doesn't set well for beijing right now. >>> nortnorth koreans had a minr charge offensive by releasing

monetary easing in the united states could harm emerging economies. the leaders are expected to raise overall output by 2% over five years. the japanese prime minister is expected to explain how he'll help achieve the goal. he'll likely say how he's easing regulations on electric power, agricultural and employment and medical services. he may outline how he's helping women play a bigger role in society and outline his plans for shrinking his country's fiscal deficit. prime minister abe took the opportunity to talk one on one with his indian counterpart modi, they agreed to work closely in more areas. he wants them to swiftly put their plans to meet into action. he and modi agreed to arrange talks between the vice ministers for defense and foreign affairs. they agreed to step up talks on india's possible purchase of japanese amphibious rescue aircraft. abe said he wants to make relations broader and deeper for stability and development in india and pacific. he said he also values three-way cooperation including the united states or australia. modi agre

the united states globally is in a much weaker position than before, the united states through its conflict with russia, the chinese over the south china sea, and also the general decline in the economyrope and the united states makes it more difficult for the united states to sustain its hed hedgeonmy that it had before. and now the iranians unz that the americans need a deal, but the iranians say that the litmus test comes at the nuclear negotiations. the united states has to recognize iran's sovereign rights if the americans act on that fact front then i think the iranians will believe the americans are serious and they can move gradually forward. >>> engineers are planning an upgrade of the biggest hydro electric plant in afghanistan. it was supposed to be a priority for nato and the u.s. government, but work stalled six years ago. now afghans are taking control as jennifer glasse reports. >> reporter: afghanistan's biggest hydro electric plant could soon be generating even more electricity. this man has kept the power plant running for the past 36 years. he knows every piece of equipment in this plant designed and built by american engineers in the 1970s. he is looking forward t

this isn't about the boston economy or the united states economy but a worldwide economy and young peopleprepared for that. >> on that note we say thank you to all our panelists for their time today. [applause] >> boston mayor martin walsh, daniel riviera, lisa wong and the author of if mayors ruled the world, dr. benjamin barber. thank you all for being here today, thank you for attending. ♪ >> coverage from the sixth annual boston book festival continues. .. >> and vikram as a fiction writer who stumbled into nonfiction. sitting right next to him i have howard gardner who is a professor of cognition and education at the harvard graduate school of education and the author of "the app generation." and then i have judith donath, who is the founder of the social miss machine group. i'm going to invite the audience to participate as soon as i can. and we will begin by sure presentations at each of the authors and after that i will ask if you rest in. so we are going to begin with judith, please. >> hello. what i wanted to do will start by telling you some beautiful organisms that look like s

united states. therefore, the number one economy and the number two economy have to cooperate together. the united states wants china's investment. china has money for infrastructure in the u.s. at the same time, u.s. companies cannot access china. that includes public health, education, green consumption, and particularly the pollution control. united states companies have leverage in this area. therefore, there is tremendous room for cooperation, environmental protection, energy, anti-terrorism. in all of these areas, there is tremendous room for development. obama just announced that the u.s. will offer chinese visitors 10-year and 15-year visas. also, beyond the economic front, and our values -- to a certain extent, there is a difference in values, but also the shared values coming universal values of rule block. at a time in china, there was no middle class. even in the 1990's, there was no middle class. now the middle class is changing china in a profound way. >> thank you very much. great to see you. thank you, chang lee. we will be right back. stay with us. tony vidal is here, th

they are having bad press in the united states overstating fuel economy and figures with the e.p.a.ve had that setback and there have been issues of recalls as well in the u.s. and on the back of that, they are competing against japanese makers. car makers in the u.s. producing cars in japan and selling them in the u.s. as a consequence, they are being hit hard way in pressure. that is another effect that they are having. all in all not a good time. >> here in europe, as ever, it pessimism swinging into optimism. is that going hold up? >> again, yes. right now, it is positive. we have seen car sales grow across all the leading european car countries. but what we have also seen? s a drop in manufacturing. a shrink in manufacturing in the largest country of automakers which is germany. b.m.w. downgraded their growth from significant to strong. there is somefect they are feeling. volings wagen is -- they have had record growth as well. they are growing in china and the u.s. a lot of growth outside. to be more cautious. businesses seem to be buying more cars than personal use. a lot of

united states. the american economy was imploding, russia and georgia were on the verge of war, the united states was engaged in direct talks with north korea on the subject of nuclear disarmament. a busy time in america, a busy time in the world. a very busy time in the news business. and in the middle of all this, with all of this more swirling in the air, there was actually a moment in the middle of all this that it seemed that all anyone wanted to ask barack obama about was a cartoon. cartoon that was on the cover of a magazine called "the new yorker yorker." >> so the title of that "new yorker" cover was the politics of fear. and that came out shortly after a fox news commentator had wondered alloud on television i they had given each other a terrorist fist jab. that "new yorkyorker" cover capd that moment in political and media life, the conversation that was happening in our country right then, not just in politics but the culture at large. this is something that the cover of the "new yorker" is good for. this was the cover of "the new yorker" after osama bin laden was killed. even if you neve

the economy of the united states has gone into a new downturn. e pull for people to come to the united states will not be there. >> it is the economy going into a downturn after the same time he went into office. >> what about the number of deportations? you also need to take a look at those numbers. >> charles krauthammer hit it directly on the head. the way the president counts deportation is streetly different than all of the other predecessors. there are thousands of people who aren't formally deported from the united states. re didn't count those in the numbers we reported each year. the number of people deported from the interior of the united states has gone down tremendously over the last six years but the number of people who were turned around at the boater and sent back to mexico has remained the same. >> anything you heard last night do you think this will assist or help keep these numbers down in any way? will it help stem the flow? >> everything yhe gave us last night it incentivize individuals to come over from the united states. ji

and october when they are trying to gut the first amendment of the united states, to create trying jobs, instead of fixing the economy, you know their priorities are in the wrong place. citizens united, our supreme court leveled the playing field. we are proud of the impact that had in last night elections. conversation, which is what a level playing field allows, really creates an opportunity for the american people to get information and make decisions. we focus on doing the things we are promised in the election cycle. amnesty andping , decreasing the size and scope of government. one of the republican leaders on areaid i don't know if we going to be able to repeal obama care because we need to first and foremost fix the economy. i message to republicans in the house is repealing obama care is fixing the economy. small businesses that are not able to hire, big businesses that are impacted by the sheer cost of obama care. health care premiums are going that is this month area affecting every business in america. that and create jobs and atmosphere of growth and opportunity. it is the promises that the candidates ma

if one looks at the rest of the world, what is striking is how well the united states is doing relative to other major economies. president obama says the united states has produced more jobs in its recovery than the rest of the industrialized world put together. why is this? many believe the american economy has some inherent advantages over its major competitors, a more flexible structure, stronger entrepreneurial traditions, a more demographically dynamic society. well, along comes a fascinating new book that says you ain't seen nothing yet. peter zeihan's the accidental super power begins with geography. pointing out that america is the world's largest consumer market for a reason, rivers. transporting goods by water, he points out, is 12 times cheaper than by land which is why civilizations have always flourished around rivers. and america he calculates has more navigable waterways, 17,600 miles worth, than the rest of the world put together. by comparison, he notes, china and germany have about 2,000 miles each, and all of the arab world has just 120 miles of river. but that's just the beginning. the worl

and liz says: max, speaking about what tony just said, should the united states play an aggressive role in helping the european economy now especially the industrial jump in germany and the u.k. >> there is always going to be a place for the united states. however, they have to be careful here, in part because we have had a very ambivalent relationship of righting our own ship, which has its own problems. we have been taxing as opposed to going straight towards the recovery of the economy as well. and political constituencies in each country as well across countries aren't quite so sure they want to help people within their own country, let alone help people across international boundaries. it has been a problem for the u.s., parts of germany, and europe, and i think just out for yourself type of policy logic is part of the reason we're still having debates about recovery, four and five years in. >> what do you think the next global financial crisis is going to look like? >> gosh, you know, that kind of keeps me up at night when i think about it. in 2006, i remember we were sitting at magazine meetings looking around

united states. is it having the same impact in europe? no. the transmission belts between financial markets in the real economy is stronger in the united states of savings than it is in europe and certainly japan. europe,tive easing in in japan, is not the same kind of tool it is in the united states. >> or does it just not work as well? >> that's what i'm saying. >> you have used [indiscernible] the word to describe approach to investing. why shouldn't a pension plan be more radical? you don't need liquidity like many other investors do. why not match all of your long-term liabilities to long-lived assets? some of the stuff you are already investing in. >> we are doing a lot of that. of we thinkg some the best parts of that kind of strategy and putting it together with other elements. if we put them together properly, we will be able to perform better. by way of example. around the world today we are looking for great infrastructure, we are looking for great real estate. today we are investing -- we have $50 billion in canadian public equities. it is all invested today in the highest quality platinum grade global companies. that is the kind

. >> the good news though, for the united states is russia's economy is in bad shape. the rublliterally is falling apart. oil prices are training the budget. we have a dance, three major powers, trying to outdo each other. and i think president obama is handling it well, trying to go inside in the middle of both, and protect our interests. >> i want to get to the relationship between russia and china in a minute. one more question on iran. do you think the november 24th deadline is the last shot for a long-term nuclear deal. next year there'll be an incoming senate that will be dominated by republicans, and there are a lot of people on both sides of the aisle making noise about being tougher on iran, and increasing the sanctions, rather than getting in a deal. >> yes, it's probably the last shot. i want be surprised if they extend the deadline for two weeks before the end of the year. i'm concerned about the deal with iran. i supported the administration through thick and thin. i want this to be a verifiable deal. i'm worried about the little intrigu intrigues, iran's

the economy in the united states in 1950 was worth less than apple was today.hat's the united states. the stock market, the dow jones was 600 and now 17300. 6.4% a year. at 6.4% a year, that's depression, inflation, recession, terror attacks, wars, 6.8% for the economy, 6.4% for the stock market. it is not every year, not like this, it is like this. >> right. >> so what i think is -- when you add in dividends it is 8% a year. what that means is the stock market doubles every ten years and it has since 1960. i don't see any reason why it is not going to keep doubling every ten years because i think the economy will build every ten years. think of what was different now than i was before. telephones, i can't believe i missed apple with my kids, the iphone comes out and all of a sudden all my kids do is spend time there with the stupid iphone by the swimming pool and learning how to do it. trying to beat each other with it so the changes that have taken place in our country in such a short period of time and this is not, you know, continuous growth. this is expone

no inflation here in the united states and it rescued the economy and financial markets. rates, what will the next chapter mean in the united states and abroad? as you look into the economy, what do you see. >> the fed is contemplating a change with respect to monetary policy. most particularly, in fixed income, we have seen it in the corporate bond market. >> when that happens, how are the last few chapters going to read? >> if you view quantitative easing as a success -- >> do you? >> we do not. we think it was necessary in 2008 and 2009. last several years, this idea that you can live with an artificially low rate structure and this is going read the conditions for enduring growth does not make a whole lot of sense. you have a business and it owns a bunch of factories. it is all good if the business determines that it can repurchase shares. if you are a household, it is a nice thing to live in a larger and more comfortable surrounding. labor ornot make your your salary or your wages go any higher. essentially, the thrust of what the fed has been doing has been encourag