what would a donald trump presidency mean for the united states economy? >> it scares me. don't know of a greater threat to our prosperity. i think policy would be extraordinarily erratic. i think there are great risks to the global economy. great risks even going to the government, credit. domestically i think it would put an uncertainty premium the like of which we haven't even before into the markets. anthony: do you think some of the kfg coming from the candidate is coming from the tactic and adaptability where sometime people in the political community are confusing as mixed principles? >> anything is possible. it's an experiment i don't want to run. i don't think the u. seattle government is meant -- i don't think the u.s. government is meant to be run like a questionable business deal. as things come out of his past, that's an experiment we don't want to run. the kind of volatility his investments have had is not the kind of volatility america need. anthony: trump has talked about renegotiating some of the national debt. >> this isn't the presidential election in ar

the deficit with the billions of dollars, so the united states economy works different. you have a deficit with every single economy in the world. and if not, i ask him, give me one nation where the united states has a soup, this means he will go into a trade war with every nation in the world that will asphyxiate the united states. and worst off, if he encloses the united states within four walls, that is terrible. when you abandon your position of leadership, where you cede the space, somebody else is going to fill it up. deirdre: well i think he has said he just wants to renegotiate, and that he does not intend on isolating u.s. i think he counts on having trading partners but feels the u.s. received bad end of the deal. but i'm losing quoting him. but president fox. you mentioned hillary clinton. you are clearly a supporter of hers. i will ask the control room to pull up something that she said about donald trump, about his tone. i'm going to play it for you and ask for your reaction. here it is. >> anybody who has listened to him and how he has talked certainly can d

saudi arabia has threatened to withdraw billions of dollars from the united states economy. the legislation now heads to the house. lauren: commuters may have robust dedicated into new york city this morning. a major disruption into and out of grand central rush hour last night when this fire broke out under a section of the elevated tracks. the chemicals that are stored that operates underneath the tracks. governor cuomo said safety is an issue here. it is a significant safety issue. the point now is to do an assessment of the integrity of the columns and the cross beams, the fire was so hot that they could hear the river. lauren: limited service has been restored this morning. commuter should expect delays however so we'll keep you up to date as we know more. nicole: let's get caught up on the global market action. looking at asia do not doubt there is across the board. the shanghai composite down one and a quarter%. 1.5%. japan's nikkei virtually flat in korea's coffee down half a percent. lauren: flip to europe. mostly to the downside we have the ftse abundant pound .1%.

economy avoiding fascism. he believes that depression gives rise to fascism and that movements would rise in the united states. of ating recovery prosperous economy around the world would be antifascist, as well as recovering. >> if world war ii had not come along, with the depression have lasted longer? eric: i think it is tablets at the mobilization for war and spending money the u.s. congress would not have approved of in peace time, it is worth piecing out. from the time he took office to wastime of the war, there recovery taking place. if you projected that, the united states would have recovered from the depression. perhaps not as rapidly. >> the critics argue that his policies were not really working towards getting the country passed the depression. >> certainly, people argue that. there are also people who argue that apples fly upwards from trees. it is not a thing that actually happens. there was rapid recovery during the first two terms. the united nations monetary conference takes place in june and it isong nations the culmination of currency policies going back to when he took office. the idea of

we have a moral imperative to grow our economy again and create economic opportunity for middle-class families. the united states of america. our economy and workers have been the envy of the world for decades. the economic future for our children can be limitless if we have a federal government that opportunity, not the obstacle it is today. to do all of this, we need a change in washington, a change that does not settle for the "new normal" economy. we can, we will, and we must use >> tomorrow, president obama gives the commencement speech to the graduating class at rutgers university. live coverage begins at 12:50 p.m. eastern on c-span. >> this week on "the communicators," a visit to a community -- a consumer electronics show on capitol hill. cta's biggest show is in las vegas in the winter. every spring, the association sponsors a show where vendors and technology companies come to capitol hill to

say the latest issue of that group's propaganda magazine calls for followers to target the united states' economy assassinate business leaders. this time the terrorists are calling for home assassinations. in their last edition, they called for workplace assassinations, now at home. and memri says they gave detailed instructions how to carry out attacks. catherine herridge is on it from washington. >> the main issue of inspire magazine does call on its al qaeda followers to carry out attacks on american business leaders. a similar threat was made a year ago for the anniversary of 9/11. the magazine provides instructions on parcel bombs, door trap bombs and devices for cars but that he attention of analysts this shift by al qaeda and assist to very personal attacks by formulating these kill lists. first it was military personnel and their families. more recently government and intelligence officials. and just this month, ordinary americans. one analyst noted that it may reflect the fact that neither group has pulled off a major u.s. attack in this country with a high casualty count, adding there's

john william saying the united states economy should be ready for a rate rise this year.ts pricing less than 30% next month. our next guest things the fed would be making a mistake by raising rates too soon. now from singapore. why would it be such a mistake? in junelihood of going is probably a red herring with the brexit vote. i suppose a brother take the wait and see attitude then. beit is wait and see may through june, but certainly they are penciling it in for july. my concern is while they keep talking about the headline rates of inflation approaching targets, i don't believe a psychology of inflation is embedded in the economy, so raising interest rates too soon could give an inflation rate falling in growth pulling back. rishaad: on some measures, inflation is going up. going to keepbly rising? that is the point, isn't it? >> very much so. if you look at the surveys of consumers or industrialists, some of those numbers would show the expectation of consumers and industrialists about inflation for the future, some of those have been sliding. not sostreet, people ar

it vietnam would really be willing to open the door to closed relationships with the united states, but their economys now booming and they do welcome foreign investments. that kind of marxist economic document has faded and they are open to foreign investment. to u.s. now has military military exchanges of vietnam. u.s. naval officers meet with and work with the enemies naval officers. there are some joint operations that the united states does, so it has come a long way and there is even speculation that cameron day, the major naval hub during the u.s. war there, could possibly be opened up to the united states military for use and to resupply, so that is something to look forward to in the future, but i think it is about strategic interest and the vietnam and u.s. now have shared interest in countering what they see as china's aggressive moves to sort of sense at the south china sea for its territorial claims. host: i will follow up with the next point, our line for .ndependents, (202)-748-8002 for those watching outside of the united states, on the web or on the bbc parliament channel, (202)-748-

. >> what would a donald trump presidency mean for the united states economy? >> it scares me.o not know a greater threat to our prosperity. policy would be extraordinarily erratic. great risks to the global economy. i think there are great risks even going to the government's credit. >> putting him down as a maybe on trump. you are in that position. you are raising money for donald trump. you are hearing this guy say this. >> the good news is nobody knows what the word means. maybe it is a positive thing for donald trump. i have no idea. larry is a partisan. i am a partisan. coming together to talk about what the issues are. this will be a battle about entrepreneurial avenue or clinton incorporated. that is the value that you will see manifested self over the next three or four months. mistaken principles or swerving principles. if this thing unfolds, neil, you will see a guy with a very sound economic plan. national security economic and otherwise. i am a republican. i have fully disclosed that. i want to look up trunk you -- truculent. i will take pictures with anybody. neil

united states. globally, they opposed collectivism of all times, so they were opposed to many manifestations of the welfare state. they opposed what they saw as excessive governmental appearance -- governmental interference in the economy. in foreign policy, they wanted the united states to take a more active role in trying to win the ind war, to defeat communism cuba, vietnam, those cons of places. >> who was john birch? prof. mulloy: he was an american missionary and a soldier who was killed at the end of the second world war in china. the president of the john birch society discovered his story and firstfied birch as the victim of this world war. >> does the party still exist? prof. mulloy: it does. it is much smaller now than it was in the late 1950's and early 1960's, but it revived itself as heart of the tea party movement. it actually moved in 1989 to appleton, wisconsin, the hometown and final resting place of joe mccarthy, who so many in ,he birch society revered continuing the work of joe mccarthy in some respect. about the original members of the john birch society. who did it attracted? welchmulloy: rep. personally founded it in 1958. he was a former board member of the national association of manufacturers

- let's face it, it's never been back. 17 consecutive months of employment growth in the united states. an economyt's going to do 2, 2.5, perhaps 3% depending on how the second half goes. axel weber talking about watt impact of those interest rate moves could be. he also talked about the challenge of trading in europe right now. current market conditions are difficult as we know. the first quarter was weak for the banks in terms of their capital market aoperatioperatio. right now, second quarter also looking tough. let's just hear what he had to say about current conditions. >> markets are still good. you could really see the support that equity markets in particular had through very extensive monetary policy. but that's going out. and global liquidity still in a difficult place. given the uncertainty in markets many of our clients are actually stepping away from trading their sort of low activity levels, not just on the trading side, even in management. the uncertain environment basically means that a lot of the clients sit on cash. avoid long-term decisions and really are not very active. and th

economy have been used to zero percent interest rates since the end of 2008. we're in the middle of 2016. look at the most um poimportante in the world is the united statesst rate which the federal reserve controls. if that is tweaked too rapidly, what about weak players like brazil, china, are their economies going to crash? we've never been this interconnected. yet i don't envy her job because we're nowhere near a natural, normal interest rate. you're still seeing banks thinking you they're doing you a favor by giving you a checking account. >> thank you. >>> up next, donald trump's response to a leading conservative's comment that a new third part candidate will soon enter the race. eling, i was enjoying life, i was working... it was too long since my last pap. when i was finally tested, we thought i might have cervical cancer. after worrying - no cancer. i was lucky. women... please get a pap test to check for cervical cancer. and get the inside knowledge about gynecologic cancers. for you and the people who care about you. or if you're young or old.are if you run everyday, no matter who you are a heart attack can happen without warning. if you've ha

since obama took office, the united states economy saw the longest stretch of private-sector growth in history, and it's still on-going. now, there were some complaints last month, only 10,000 new -- 160,000 new jobs were created. we need to do more. there's no question about that. but we need some help. republicans are doing everything they can and they've proven that in the last seven and a half years to make it tough for obama. questiowe have a lot of people t aren't being paid enough. how about those people working on minimum wage trying to survive? republicans refuse to help us raise that. how about paycheck fairness, so that my daughter, my granddaughters will be paid the same amount of money for the same work that they do, that a man does? student debt is unbearable. i'm seeing it now with my grandchildren. incredible. they're going to have to go borrow money. the republican way to recovery in so many different ways. so let's talk about the real world, not a fictional world. mr. president, on another subject, last week the senator from iowa, the senior senator from iowa, confirm

and i actually think we encourage people every single person in the united states has participated in the fossil fuel economynd every single person in the united states including the chairman of exxon needs to make a decision that it's time to make a change. that's exactly what i did ten years ago. >> okay. tom steyer, a pleasure to have you on. thank you for joining us. >> my pleasure. ♪ >>> turning now to an environmental issue on the june ballot, rising sea levels brought about by climate change. the pacific ocean and san francisco bay are expected to rise up to two feet by 2050 according to a study. other studies indicate flooding would dwevastate local airports highways. it goes before voters in all nine bay area counties. joining me now to discuss the measure are david lewis, executive director of save the wa bay. and linda keling, former mayor of foster city. how much are sea levels expected to rise over the next two decades and what are the projected consequences? >> we don't know the rate of sea level rise over the next couple of dencades. you mentioned the projection. that's an official projection

river systems is a critically important asset to the southeastern united states ecology, economy and heritage. unfortunately it's also become a point of intense political friction. lengthy and lengthy ongoing and extremely costly litigation. i strongly believe that if we could get away from the politics and the lawsuits, we'd have a much better chance of resolving this issue in a way that brings us together, rather than divides us. that's why i'm optimistic about the recent work of the appalachian, chat hoochie and flint stakeholders. a diverse group of private citizens who live and work in the a.c.f. basin. they represent the whole spectrum of stakeholders, public and private, from florida, georgia and alabama. they've been able to unite around the common mission of changing the management of the a.c.f. basin to create a healthier economy, and environment, which will benefit everyone. and they've made a number of recommendations to the corps of engineers to meet their goal of a sustainable a.c.f. basin. the a.c.f. stakeholder group has identified significant gaps in fundamental scie

i mean, try to imagine the united states in this economy without an interstate highway system. >> casey dinges is our guest, the american society of engineers is who he represents. the roads, brings and transit projects. other things as well. 284-788-8000. for democrats 8001. for republicans and 8002 for independents. there is someone here, george mason who writes on these topics of funding issues and here's what she said about projects, particularly infrastructure spending. she writes, this was back in december of 2015, she did for reason.com that research shows that the political process encourages a systematic tendency to overestimate the benefit and underestimate the cost of infrastructure projects. it is also a mistake to assume it's the role of the federal government to pay for roads and highway expansions. with very few exceptions most roads, bridges, and even highways are local projects. you mention the latter part but what about her former part as for part of the planning process? >> in terms of there being an overestimate, in terms of benefits, i haven't heard that critique be

united states. more broadly, they opposed collectivism of all times, so they were opposed to many manifestations of the welfare state. they opposed what they saw as excessive governmental interference in the economythey opposed the civil rights movement. in terms of foreign policy, they wanted the united states to take a more active role in trying to win the cold war, to defeat communism in cuba, vietnam, those cons of places. >> who was john birch? prof. mulloy: he was an american missionary and a soldier who was killed at the end of the second world war in china. the president of the john birch society discovered his story and identified birch as the first victim of this world war. >> does the party still exist? prof. mulloy: it does. it is much smaller now than it was in the late 1950's and early 1960's, but it revived itself as part of the tea party movement. it actually moved in 1989 to appleton, wisconsin, the hometown and final resting place of joe mccarthy, who so many in the birch society revered, continuing the work of joe mccarthy in some respect. so, yes, they still exist. >> tell me about the original members of the john birch society. who did it attract? prof. mulloy: rep. welch per

united states depend on the trade with mexico. mexico is the second largest buyer of american products. mexican people are the second group, largest, second largest group of tourists to the united states. so, our economiesboth economies depend on trade relations. liz: president calderon, takes money, effort, bridge building certainly. we appreciate you being here, thank you so much. ashley, back to you. ashley: liz, thank you very much. see more of liz's interview from the salt conference going to lizclaman.com. follow her on twitter @lizclaman and like her facebook page. look back at markets. what we've seen is a selloff this afternoon. dow industrial average is down. down 167 points. we were down more than 200 earlier in the session. we'll be keeping an eye on that. retail stocks have been hit hard. money coming out of equities as we head to the weekend on this friday the 13th. coming up next, hillary clinton fighting off both bernie sanders and donald trump as new controversy surfaced over the clinton foundation and well, accusations of favors for money. the latest details in a live report next on "countdown quote. you wouldn't order szechuan without checking the spice level. it really opens the pass

they're not focused on the innovative spirit of the united states, of the economy.g. it happened without washington. that was a good example through the gloom and doom that we can still and of eight, can begin changing. tom: you go right to manufacturing. the answer is, amid the gloom, we have new orders growing nicely on a nominal basis. we have recovered out of the crash. what is the "now what" for american any fracturing? >> there is jobs coming, but how much will they pay? there are some manufacturing jobs that pay minimum wage. i think we're going to have more factories working alongside of the robotics, but will they pay the average that we are accustomed 2, 30 five dollars to $40 is not going to work anymore in manufacturing -- that we are accustomed to? $35, $40 is not would work anymore in manufacturing. francine: it is possible in london the think about modeling a possible trump presidency, i don't know what that means for your spending, your governments, and also foreign relations. >> i totally agree with that in a sense that remember, we are a nation.or

this is going to have a ramification on advanced economies not just the united states. cast was at 1.7%. down slightly. india has had an upgrade. their economy will grow at a rate of 7.5% annually. a lot of concerns not just about the emerging markets but also the g-20. rishaad: are studying the transfer of assets from a former malaysian officials. two official goldman sachs. company that he was backing. helping to raise more than $6 billion for the embattled fund. generating above average commissions. to support the retrained that is there. goldman has not been accused of wrongdoing. zuckerberg says he wants to build trust and ensure the integrity of facebook products. news report that facebook editors or deliberately downgrading conservative news articles. deutsche bank was above five big lenders pursuing that it was manipulated by the government. institutions such as the world bank. all named in the lawsuit. brought by pension fund. ♪ rishaad: a live view singapore. the market is down at the moment. ♪ opec has it right. the strategy to secure market share is working.

that's the thought process we need in a commander in chief and someone to oversee the united states economy of more entertaining and he's looking maybe at a bigger venue and all those kinds of things. how is that going? give us a little foreshadowing of what we'll see that's different than what's been seen before. >> well, i think this convention is going to be unconventional, just as the trump candidacy has been. because he does. he wants this to be exciting. he wants thus to be fun for the people. he wants to get his message out there. without the media filter. he wants it to be entertaining as well. we don't want some dry, boring convention with the same talking points we've had for decades. mr. trump is serious about leading this country. he wants to engage the people. he wants the delegates to be gmg engaged and a part of this process. we don't want to leave anybody out of this process. it's going to be a lot of fun. they are working on those plans. i don't have any specifics just yet but you'll be hearing some soon. >> katrina pierson, trump campaign national spokesperson. thanks for

things in advance that you don't know you're going to sell, and how critical that is to the united states economy. he recognized and made a case like no other person for how important small business was as the engine of our economy. yes, bob, you have been missed, and you are missed. your family is in our prayers and we grieve with them. i yield the floor and suggest -- oh, mr. president? the presiding officer: the senator from i wyoming. mr. enzi: i ask unanimous consent that the senate proceed to the immediate consideration of calendar number 155, s. 546. the presiding officer: the clerk will report. the clerk: calendar number 155, ^s*z 546, a bill to rebbe the railroad emergency services preparedness, operational neemeds and safety evaluation scheet and so forth and for other purposes. the presiding officer: is there objection to proceeding to the measure? without objection. mr. enzi: i further ask that the heitkamp substitute amendment which is at the desk be agreed to, the bill as amed be read a third time and passed, and the motions to reconsider be considered made and laid on the table, wi

on the other hand you slow down the checkpoints and in the united states the u.s. economy depends on the rapid movement of people across the country. it's a real, real tough situation for the tsa. >> yeah, and moving into the summer travel vacation season. tom costello, thank you so much. i want to play a little bit more of fbi director james comey who's obviously integral in all of this. he said investigators have been working with partners around the world to find out what happened to egyptair flight 804. >> we in the national security business and law enforcement business have tried to make the world very small so when something like this happens, we talk to each other and share information. that process is going on right now. >> i'm joined now by msnbc terrorism analyst malcolm nance. you heard what the fbi director said, no claim of responsibility, no evidence yet of who might be responsible if this does turn out to be terrorism. would you have expected that by now? what are kind of the things that are going through your head the biggest questions? >> well, first, it'

we at bnp pariba believe that we have seen strong economies developing in india and the united states. so we think the global economy will grow sufficiently in order for oil demand to increase on trend. >> gareth, thank you very much. senior strategist at bnp paribas and rob mccreery. >>> g4s shares are top of the stoxx 600 after positive quarter earnings. the security firm posted a rise in first quarter revenue and also outlined new contracts worth $450 million pounds per year. >>> let's also give you a view of easy jet shares among the top performers here in london. rbc raised the stock to outperform coming from the underperformance previously. they lifted the target by 50 pence citing the airline will move to tackle the cost inflation problems. now the report comes ahead of the first half results due tomorrow. >>> banco popolare shares are trading lower after a $1 billion cash call. popolare's ceo said he expects to see the lower cash call take place by june. >>> and shell evacuates niger delta's facility due to militants. there was also a recent bomb in there and the ceo says we c

give the impression we are all hands on deck including the president of the united states, came out to talk about the economy the other day and couldn't resist and was grateful for a question about you know who. >> i want to emphasize the degree we are in serious times and this is a really serious job. this is not entertainment. this is not a reality show. this is a contest for the presidency of the united states. and what that means is that every candidate, every nominee needs to be subject to exacting standards and genuine scrutiny. >> a lot of conservatives out there saying easy for him to say. they think obama got a pass from the press in '08. that is the president getting involved. elizabeth warren who has been quiet for most of the primaries got involved in a heavy way, tweeting against donald trump, speaking out against donald trump and donald trump took notice. >> i've just learned that crooked hillary, along with her friend, you know, she's got t s goofy friend named elizabeth warren. she say goofus. ever see her? she's a basket case. by the way she's done nothing in the united states senate. she's

economy. yvonne: the united states has shed some light on a 41 year secret. how much of its debt is held by saudi arabia? not as much as many thought. $116.8 billion that is how much saudi arabia owns in u.s. government debt. like a small number for the world's biggest exporter of oil. holds fewer u.s. treasuries that at least 10 other countries and territories. japan arechina and the largest treasury bond holders. countries hold bigger debt and saudi arabia. hong kong, taiwan, belgium, luxembourg. raiseakes you want to your eyebrows. another angle from the imf point of view. the imf rules on this for a country that two thirds of its reserves in dollars denominated assets. saudi arabia actually has about 20%. that begs the question where is the rest of it? if there is more than it could be another assets. it could be futures. it could be in belgium. it could be in corporate debt. saudi arabia case, would need to hold more than $450 billion elsewhere. final question. whether saudi arabia actually has as much in foreign reserves as it is telling the world. manu

mapkey thing is to try to whatever seems to be developing back to the real economy in the united states and ultimately back to our objectives. betty: but, simon, it seems like so far, though, if you judge the comments made here, is that there isn't going to be a huge impact on the real economy in the u.s. simon: that remains to be seen. bluebird intelligence is out with analysis -- bloomberg intelligences out with analysis that suggests the drag from the u.k. and the potential spillover into financial markets could push the fed's hiking cycle back another three months. you might want to see what happens in the brexit referendum first and adjusted that -- and adjust to that. mark : why are the superforecasters and political forecaster, which we've incorporated into our brex func tion, polling average? leave, 40%, remain, 44%. he's near the superforecasters. some of the banks are 35%, 40%. why is there a disparity between this superforecaster, him, the banks? simon: they all have their different strategies. they are not just looking at polls, but who does the polls. they are looking at ho

it vietnam would really be willing to open the door to closed relationships with the united states, but their economy is now booming and they do welcome foreign investments. that kind of marxist economic document has faded and they are open to foreign investment. to u.s. now has military military exchanges of vietnam. u.s. naval officers meet with and work with the enemies naval officers. there are some joint operations that the united states does, so it has come a long way and there is even speculation that cameron day, the major naval hub during the u.s. war there, could possibly be opened up to the united states military for use and to resupply, so that is something to look forward to in the future, but i think it is about strategic interest and the vietnam and u.s. now have shared interest in countering what they see as china's aggressive moves to sort of sense at the south china sea for its territorial claims. host: i will follow up with the next point, our line for .ndependents, (202)-748-8002 for those watching outside of the united states, on the web or on the bbc parliament channel, (202)-74

increased much more in the united states than almost any other advanced economy. u asked what make us different from the other economies, mass incarceration of in the united states you don't see in any other oecd countries that appears to have played a role in the fact that a large fraction of the people who could be contributing productively to our economy are not doing so today. >> then on competition, there is also proposal for the fcc by broadcasters to open up some spectrum for them to do 4-dtv and interactive those kind of things. sounds like what you're trying to accomplish for the set-top box proposal. would the administration weigh in on? i guess the broader question would, in adopting these pro-competitive policies do you risk picking winners and losers in picking one industry or technology over another? >> so, that is not something we've weighed in on although we have played a role in spectrum policy, including championing legislation that created two-sided spectrum auctions that is going to happen this year, which is going to buy up spectrum from broadc

united states. it won't boost our economy andec it won't enhance our security isolating or disparaging muslims, suggesting that they th should be treated differently or on their attempt to entering this country. that is not just a pretrail of our values, that is a pretrailrr of who we are. ar it would alienate the veryhe v communities at home and abroad who are our most important partners in the fight against violent extremists. > this by the way, one of three commencement addresses who also urged people to believe in demsy saying the system works and that's how the world was made.as vice-president biden and house speaker bob barnard each spoke at commencement talkingali with politics. governing in my view is the art of the possible. politicians in these days are constantly being pushed tod to promise the impossible.ossi this being a presidential pr election year you've been y hearing a lot of impossible promises. politic is a full contact sport. i agree. father, to the detriment of thef nation in my view and i think john would agree with me, it hs become a blood sport.spor the vice-president had to rushu

united states. given that thery japanese economy is just 25% as .arge as the u.s. apan's monetary base relative to the united states. we're looking at the highest relativity in a decade. we have had this relentless strength in the yen. the chief investment officer says it is very difficult to imagine that we are not going to see this sort of expansion start to fall apart. also the chief fx strategist at mitsubishi is saying they are doing everything they can to bring the yen down. is crucial to get inflation under control and get economic growth back on track. i suppose the u.s. dollar is really the unknown factor in all of this. we need that divergence between fed policy and bank of japan policy. angie: some who is that millions on copper in mongolia. ♪ week it suffered its worst five-day loss in 2016. weak demand in china. copper is betting on a key growth area in the midst of the commodities slumped. there was a time not too long ago when until this moment it seemed it might never happen. memories of the delays and disagreements have been put aside. ofocking the

united states have is when you have a rules base system only engagement. - of engagement. not with china because they do not obey the rules but for example, developping economies for philippines and vietnam and the united states can offer something to those people that is tangible and real. we get protections in terms of law. so the trading relationships are more about where the chinese can come in, pick winners and losers and leave the people to rot. and the chinese don't care about hat. clarence: i've seen a couple of those projects in africa. they not only bring their own material and their own people, they build their own compound there. they so they don't even mingle with the local population. it's a very contained economic environment. a lot of this may just be a public relations, really, sign of ventures into the third world to a new empire. pat: when you look at what's happening in china, they are tremendously overextended at home. they've started all these things that they can't follow through on. they've got a real crisis in that economy. and i think projects like building the nicaraguan canal are well down at the bottom. i think they're going to hav

that the economy of the united states will be dramatically stronger over the next 10 years than most the sheer number of people between 25 and 35 that will automatically get 10 years older in the next 10 years which will move them away from renters into home buyers and begin the normal part of an economic recovery which would include housing but we are still coming out of a housing depression in the united states. >> talking about the demographics there and will look at something like the results asm amazon, record riches the stock surpasses 700. this is one of those stocks, isn't it? it has to be said that amazon is winning the trophies at the moment. does it win for you? >> we want a business to receive the free cashd flow that does not have to be reinvested back into the business. therefore, amazon's business model is not the kind of business model we seek. we would be of the theory right now that investors in the united states stock market are infatuated with revenue growth due to the fact that the economy has been anemic. we would argue that there is a bit of arrogance surroundi

economy. but the united states and in its ability is in decline. with the national balance sheet a strategic strength no nation can match our comprehension of the enduring strength in resilience of our economy economy, the resources, a global network, the culture of entrepreneurship and a long recognition of leadership. and a leads to poor policy choices of the rise but i will list for five challenges for the next president. first economic growth. there is not a lot of laws by one of those certainly no nation can maintain the diplomatic privacy without the vitality. since the 2008 crash where the economic insecurity calls for retrench bit of global leadership to weaken our economy. there are a number of things that we can do it in national labor structure to support the long term demographics but the bottom line is the most important national security challenge for the next president is to maintain the growth and prosperity in the united states. second. terrorism we have significantly reduced and are pressuring isis in syria and iraq. but overall th

the united states is the only developed economy in the world that does not provide paid maternity leave. almost a third of working mothers don't have any access of paid leave to care for themselves or others if they get sick. we all too often leave the family horse struggling the most to fend for themselves. the odds are stacked against single mothers in this country. yet so many give everything they have to go on and raise incredible children. the family medical leave act protects a parent's job for 12 weeks but unpaid. >> there's so much to appreciate about this facebook post. in lean in, she talks about those in positions of power can make change. she has to park across the parking lot and said we need parking for pregnant women. and the guys say, okay, but no one ever asked. i appreciate she's acknowledging -- she got a lot of heat of you're sheryl sandberg. she always had sympathy but now she has empathy, to highlight the issues of poverty associated without paid leave. >> not a company you want to be in when it comes to maternity leave. the rest of the western world gives women th

that said, the fastest growing emerging markets in the world and the sharing economy are not in the united states. ispecifically for us london our fastest growing market. there are different dynamics, whether it be around taxes or nuancesare, that create as to how companies go to market. and how do they work with taskers to create new opportunities for companies like taskrabbit. that said, expansion is one very interesting and i think new opportunity for us, that will be done by us very carefully. because we understand the marketplace dynamic. >> where is the cutting edge around the world? is there one company particularly ahead? >> i think when you look at population density, you have to very clearly see that those markets have obvious opportunities, simile based on the fact that sharing economy meets supply and demand. and ideally, very high population cities. india,e cities, china, are areas where i think the cutting edge of the sharing economy is clearly looking to grow. that said, those nuances for those cities and countries are very different than the u.s. >> ranking member is recognized. >

united states. this is an election year. what effect, what impact that will have on the economy? because there was quite a lot of economics in the presentation. i understood most of it but, i mean, part of it -- not most of it. i'm not an economist. but i wanted to understand the impact of the politics on the economy. >> so i'm now in my fifth year. i'm one day, frankly, into my fifth day at the fed. so this will be my third election cycle and i can say that politics plays absolutely no role whatsoever in our deliberations or in our decision. so we -- you know, the focus inside the fed is very much not partisan politics or elections. it's very much economic fundamentals, so it can be very jarring to emerge from the fed and talk to people who think of politics -- think of economics in political terms, which i referred to earlier. honestly, it has no effect. you know, we announced a quantitative use program in 2012. we just don't think about it, and i can say empirically, i find that to be the indication, not just the rhetoric. >> please. >> my name is joe marie greasegrabber. i'm

united states. actually, everything which is leading the economy into the economic data is on the weakish side on politics. although the most important labor market is holding out pretty well. so we expect the momentum which the fed crowds for a reason for further rate hikes is actually not in favor of a much stronger economy, which in turn then is a very good thing for some of the after markets because basically higher rates would kill the equity bowl. >> can i just ask you about a brexit possibility, that's coming up in less than a month now, the referendum, what happens if brexit becomes a reality? will it be a short-term positive, do you think? because you'll see this drop in the pound, which could be good for the uk in the longer term? >> at this point i think it would be taken as a shock. basically, in the investors perception this is off the table. if you look at the mix approach of 80% staying in, all the more, if a brexit happens, i think we should see major shock, especially by a currency market. and the british pound usually goes up when the risk is up. really, this will probably give quite a h