the end of world war ii the united states economy accounted for half of world gdp. >> right. >> this is truly astounding number. it now accounts for about 23% of world gdp. i don't think the importance of united states economy in the world economy has declined as much as 50 to 23, and i think it's because of the role of the capital markets. there were no market flows of capital at the end of world war ii. it is massive now. what we do here affects the whole world. if we didn't know that before, wherever we go and meet with foreigners they tell me, and i've got a rellive in south africa -- relative in south africa who said can you please explain to me why you guys do sitting in an office in washington has such a big influence on us? well, i mean, i tried. i'm not sure i succeeded. it's -- that influence is very big now, but it depends on what's happening on the other side of our monetary policy. and so we take it and we think about it. in the end, we go back to the law, and the law is that we take into account -- our policy toes are aimed at the united states economy. >> right. >> some

at the end of world war to the united states economy accounted for half of the world gdp. this is truly astounding. and now accounts 23% i don't think importance of the united states economy or will the economy has declined because of the capital markets there werelo no market flows of capital in world war two it is massive know what we do hear a fax the whole world. we did not know that before. better relative in south africa who said please explain what you do sitting in office in washington has such a big influence on us? i tried. i am not sure i succeeded. that influence is very big now depends on the other side of the monetary policy. we think about it in the and , we go back to the law that we taking into account our policies are aimed at the united states.imes tha sometimes that means we have to take account what happens abroad as a result that a

the united states' economy seems to be going into a slowdown phase and china's high-growth era seems coming to an end. taking into account the global factors and the sluggish production in japan, we believe moves to boost capacity among manufacturers will remain weak for some time. >> that is the latest in business news for this hour. i'm going to leave you now with a check on markets. ♪ ♪ >>> on to other stories we're following this year. >>> two u.s.-based professors have shared this year's nobel prize in economic sciences. they're being honored for research that shows how contracts deal with conflicting interests. >> the royal swedish academy of sciences has decided to award the prize in economic sciences in memory of alfred noble for 2016 to oliver hart and bengt holmstrom for their contributions to contract theory. >> oliver hart was born in england and is now professor at harvard university. bengt holmstrom is from finland. he's a professor at massachusetts institute of technology. the royal swedish academy of sciences awarded the prize to the two professors for developing cont

the united states economy seems to be going into a slowdown phase. and china's high growth era seems to be coming to an end. taking into account the global factors and the sluggish production in japan, we believe moves to boost will remain weak for some time. >>> you can catch our report again online together with a full transcript. look for nhk world and business wrap. that's a look at business news. i'm going to leave you with the markets. >>> members of an international conservation body have been discussing ways to crack down on elephant poaching. it's nearly 30 years since they banned the international trading of ivory, but the poaching has only escalated. now they're looking to ban domestic trading as well. nhk world joined an anti-poaching patrol in kenya to see the problem first hand. >> reporter: this is tsavo national park. the largest national park in kenya. on this day, a fleet of suvs was racing through the savanna. they found the body of an elephant. its dusks had been removed. it seems to have been dead for about ten days. >> reporter:

it's very interesting historical fact, the end end of world war ii, the united states economy accountedw accounts for about 23% of world gdp. i don't think the importance of the united states economy and the world economy has declined as much as 50 - 23 and i think it's the role of the capital market. there were no market flows of capital at the end of world war ii. it is massive now. what we do affect the whole world. if we didn't know that before, whatever we do and meet with foreigners, they tell me i've got a relative in south africa that says can you explain to me what you guys do sitting in an office in washington and why it has such a big influence on us. i tried, i'm not sure i succeeded. that influence is very big and it depends on what's happening on the other side of our monetary policy. we take it only think about it. in the end, we go back to the law and the law is that we take into account, our policies are aimed at the united states economy. sometimes that means we have to take account of what happens abroad as a result of our policies because what happens abroad affects

united states." besides debt - the economy... and

trajectory policy >> you can say you have a model this is what is happening abroad affects the united states economy there are very crude ways to go into the equations with those countries to say what their reaction is to the united states. and more elegantly they're called special conditions. then you get to a precise idea but can you? know. you can take those into account. in which way they affect the decision you want to make. >> this is the last question for the last night there was a reception focused on we hficial intelligence. there were h. r. nine scientist who said me will be replaced by a robot soon. who said maybe monetary policy should be rolled. [laughter] but how do you think about going back to the rules based verses discretion? have begun to far but basically will computers run monetary policy by.>> >> you have no idea how much computer time we use that the average fomc meeting we have of book full of computer simulations if we do which option. as to the rules, i believe the taylor rule is a useful description of the average behavior of the central bank's. in redo look at the taylor

internet and in the last few years from energy, but energy costs are low right now and the united states economyfering as are other comparable economies so it's going slowly. donald trump said he wants it to grow at 5%, 6% last night because we're expected to grow at $ 1.25% and if they don't wo out the way he wants them to, our debt will grow quite tremendously but taxes will go down on most people including the very rich. hillary clinton's plan is not nearly as favorable if you're wealthy. if you earn over $133,000, you'll pay above $250,000 or in the millions, 4% or 5% more in taxes but a road map to getting more revenue without increasing the debt as much as would be the case under donald trump. >> 1% growth. why are we there? >> because the world is slow. energy is a big part of our economy and oil prices are very low. unless oil is at $55 or $60 a barrel, america can't get back in the business of producing it as much as we do. but europe is slow. china and indiana are struggling. they're a lot faster. he brought those up but those are different economies. as i said earlier, when you were l

. >> adult whose skip vaccines cost the united states economy nearly $9 billion a year. this demonstrations the response of personal responsibility in bringing down health care costs. the study found that most costly preventable disease was the flu which cost the country $5.75 billion last year. perhaps the biggest sign it is time to throw in the towel on the job, the pit in your stomach when the weekend closes, or the sunday night blues. they are common but if you spend every sunday feeling really anxious, depressed or fearful, it is probably time to move on. experts say the anxiety can spill into the weekend and steal your joy and compromise your health. stocks this morning are trade lower, but, sightly, and we do have earnings coming out and the big one is netflix after the closing bell. we will watch the presidential debate on wednesday and the dow is down by 30 points. just sight losses. back to you. >> jane, a solution to the sunday night blues is living in constant question myal. >> that is what this guy does. >> it works for me. >> mike nicco, good morning. >> go

ring after hurricane matthew could impact the buyer united states economy. southeast rebuilds we are adding value as we rebuild especially jobs, construction, buying the materials, and it could have a positive affect on the gross domestic product. the property data said that insured loss on residential and commercial properties will be between $4 billion and $6 billion less than projected last week. tesla does not need additional money to buy solar city, saying they will unveil a new product, as well, on the 17th but that is all they are say. elon musk said he will unveil a new solar city energy system called a solar roof with integrated energy storage battery produced by tesla. stocks are strong to kick off and don't know why we have earnings, maybe there is'ing ahead 1/2 and the dow is up 150 points and markets are closed for columbus day and twitter is down by 13% after being reported that there are no bids for twitter this week. i am jane king from times square. >> happening now, giant gourds are rolling into half moon bay, and the day kicks off the fest

poverties in the state of california is quite high and quite high in the bay area so this is something to wrestle with but not that our economy - no objective way of sayings the unitedtates economy is doing poorly in comparison to the international k350er9s not an objectively true analysis what is true the economy is not working for everyone in the united states that's what the data says we need to figure out that and i'm glad in california in san francisco specifically we spent a lot of time thinking about that i love what the mayor is doing on homelessness and other issues a critical issue for business and tourism and critical issue for people in the city the bay area our sale prices are higher than other states quite a bit to do with the slide in the actual travel presentation on supply and demand and an actual thing here in the bay area as with homes so as hotels with homes we have not been building they're much more expensive and you know as a side note it is interesting to see people in san francisco saying i know how we can fix this problem build less that will bring the cost of homes down that economic idiocy this is a supply and demand problem; right? you t

bodies like sfb when it comes to promulgation of regulations that impact the united states institutions and united states economy. another international organization similar to the sfb is the basel committee on the bank supervision. european members of the basel committee are pushing back how they assess credit, market risks, with some european members reportedly threatening to reject the proposals. it seems the european regulators are willing to defend their rules, their institutions in such organizations. why are the united states regulators, by contrast, so willing to defer to the agenda of the fsb? >> i don't think that is an accurate description how u.s. regulators participate. we used our involvement in the fsb and all the international bodies to drive an agenda -- >> can you give me an example where your treasury colleagues rejected or resisted fsb initiative? >> fsb only makes decisions by consensus. it doesn't get to the decision ifitis noot consensus. we drive that process -- >> you never objected? >> no. i didn't say -- >> can you give me some example? >> i've got 10 seconds left. we are happy to get

are you saying that the economy, the united states economy is a mirage? extent to which things look good, markets look good? unemployment is down? >> of course it's artificial stimulation and an illusion. >> reporter: and it's going to end catastrophically? >> my belief is, unless something happens, it will end catastrophically, one way or the other. >> reporter: and so, the, something that would prevent it from happening would be? >> a disruption. >> reporter: like mr. trump's election. >> yes. >> reporter: and, is that what's fundamentally driving you economically? >> absolutely. absolutely. 100%. so i think, whoever the next president is, it's gonna be high on their list, and that congress will pay attention this time. and that they'll move it. it'll move 15 degrees with one, seven degrees with the other, but i think the debate will have done a good job of getting them to move period. >> reporter: tom barrack, thank you very much. >> it was great to be with you, thanks. and to the analysis of shields and brooks. that's syndicated columnist mark shields

is a result of bad democratic policies and that his policies immediately would propel the united states economy to 4% growth. 4% growth you can see is something we last saw back in the 1990s. the late 1990s. this number shows that the american consumer appears confident. we saw that in the consumer confidence number just last month. the american consumer is spending business spending is less drag on the economy. what is this number, carol? you know this is a number that measures just about everything. what we import. what we export. how much money workers are making. what they're spending. how much businesses are spending on factories and retooling. so this is the biggest most comprehensive piece of economic data before the election carol. >> all right, christine romans stay right there. because we're going to talk about this new. i want to bring in katrina pearson the national spokeswoman for the trump campaign and angela rye is a cnn political commentator and former executive director of the congressional black caucus. welcome to you both. katrina the economic numbers appear healthy. why do s

what we call crime and violence, it really stems from mass unemployment and the fact that the united states economy transitioned during the period where johnson's calling the war on crime from a vibrant industrial manufacturing sector to outsourcing much of this labor. so in the communities where police officers or the federal government begins investing in augmenting police force and simulating a new level of police patrols, these communities are placed ender surveillance when really, you know, this job creation program for mostly white police officers is created. we don't get a job creation program to give low income people new kinds of opportunities. so structural solutions in terms of job creation, in terms of rethinking education systems, in terms of really investing in education and going beyond remedial programs. the kind of the meat of the war on poverty focused on equal opportunity programs, self-help programs as johnson officials called them and were more about providing training to low income americans without necessarily thinking about whether that job training could lead them to get a

claimed that china has fixed exchange rates has started a virtual trade war with united states with a strong very economyunited states. can you comment on his claims quick. >> i don't know about mr. trump's claims. i am sorry about that but what i can tell you is currently the debates are complex. very rarely you can see one country trying to fix the exchange rates solely for the purpose of trade package it is of product of the economic policy or the goals that lead to a number of outcomes and that is a greater competitiveness. we are having a conversation about the exchange-rate fluctuations as members are examining data and discussing at it is extremely complex conversation. is this a complex conversation. what you win today you will lose tomorrow and you cannot take those measures only in the short term. if you wanted to be significant. >> use spoke about this did your address with critics of globalization blaming trade over the loss of their jobs. but that is the common thought it is trade and not manufacturing changes it is cheaper labor in other countries but talk some more about the actual reason

bodies like sfb when it comes to prom gulgs of regulations that impact the united states instant 0 tugss and united states economy. another international organization is the bass he'll committee on bank supervision. european members of the bastl committee are pushing back how they assess credit, market risks, with some european members reportedly threatening to reject the proposals. they are willing to defend their rulings and institutions in such organizations. why are the united states regulators so willing to defer to the agenda of the fsb? >> i don't think that is an accurate description how u.s. regulators participate we used our involvement in the sfb and all the international bodies to drive anagenda -- >> can you give me an example where your treasury colleagues rejected or resisted fsb initiative? >> fsb only makes decisions by con se consensus. >> you never objected? >> no. >> can you give me some example? >> i've got 10 seconds left. we are happy to get back to you in writing. >> i'd like to thank the secretary for his testimony today. all members will have five legislative days to submit additional wr

like the fsb when it comes to promulgation of regulations that impact the united states institutions and the united states economy. so another international organization similar to the fsb is the basul committee on bank super vision, they are currently consideration changes to the regulatory framework known as basu l3. as reported last month european members of the committee are apparently pushing back against the proposed changes to how the framework assesses credit, operational, market risks with some european members reportedly threatening to reject the proposals. it seems that the european regulators are willing to defend their roles, their institutions in such organizations. why are the united states regulators by contrast so willing to defer to the agenda of the fsb? >> i don't think that's an accurate description of how u.s. regulators participate. we have used our involvement in the fsb in the basul committee and all of the international bodies to drive an agenda of increasing -- >> can you give me a single example in which you or your treasury colleagues have objected to or resisted an fsb initiative? >>

poverties in the state of california is quite high and quite high in the bay area so this is something to wrestle with but not that our economy - no objective way of sayings the unitedtates economy is doing poorly in comparison to the international k350er9s not an objectively true analysis what is true the economy is not working for everyone in the united states that's what the data says we need to figure out that and i'm glad in california in san francisco specifically we spent a lot of time thinking about that i love what the mayor is doing on homelessness and other issues a critical issue for business and tourism and critical issue for people in the city the bay area our sale prices are higher than other states quite a bit to do with the slide in the actual travel presentation on supply and demand and an actual thing here in the bay area as with homes so as hotels with homes we have not been building they're much more expensive and you know as a side note it is interesting to see people in san francisco saying i know how we can fix this problem build less that will bring the cost of homes down that economic idiocy this is a supply and demand problem; right? you t

united states. so, this is about security and real choices but it's also about prosperity. we heard again tonight things have gotten better in the economyn this country. we are in the midst of the slowest economic recovery since the great depression. millions more are in poverty today than when barack obama became president of the united states. hillary clinton . plan is more of the same. more taxes. more regulation, more of the war that is stifling the american economy. it really is astonishing. a lot of talk about taxes last night. my counterpart sounded like a broken record over there and i said to him all you need to know is hillary clinton is going to raise your taxes and donald trump and i are going to cut taxes across-the-board from the working families, small businesses and family farms and we will end the taxes once and for all and lower business taxes for businesses in virginia can grow and keep jobs here in the united states and not see them go overseas. [cheering] donald trump has a plan to get the economy moving again. it is a time-honored principle that's always worked back in the 1980s when ronald reagan did it and in the

united states." besides debt - the economy... and immigration... they hit sensitive subjects - leaked emails: "the russian government has engaged in espionage against americans." and sexual assault allegations: "i didn't do anything." "i think they either want fame, or her campaign did it." trump claimed the latest offensive against isis... is political: "the only reason they're doing it is because she's running for president. they wanna look tough." clinton brought up trump's still unreleased taxes returns "we have undocumented immigrants in america paying ore federal income tax than a billionaire." final arguments... with less than three weeks left to win voters. today the running mates and the obamas are back in battleground states - and trump and clinton meet up again tonight. both are speaking at the same charity dinner in new york. i'm tracie potts - back to you. if you want a fact check from covered. go to our kwwl facebook page. you'll see claims from both candidates investigated... things like clinton saying she wouldn't add a penny to the

aerospace has been one of the drivers of this united states economy, this makes me feel perhaps we've been too bullish on aerospace which means there are a lot of companies about to report that are not going to say good things about a line item very important for the u.s. economy. >> jim, i've talked to a couple investors who checked with the company as little as two weeks ago they tell me, maybe they're exaggerating a bit, who indicated no change in guidance at that point. which begs the question, i don't have the answer, what changed? >> no. look, you're spot-on. the reason why this stock is down so much is the reaffirmation was so positive, we thought there goes honeywell again this company is hitting on all cylinders, and it's not. don't forget dave coty retires next year. maybe it will be clarified by the end of the day, but people are shooting first and asking questions late sgler what other stocks should we keep an eye on as a result? clearly utx comes into focus, but there are other industrials as well. >> well, boeing started moving up after the initial article last week abou

starting a virtual trade war with the united states and has a stronger economy on the united states. can you comment on mr. trump's claims? >> oh, i don't know about mr. trump's claims. i'm sorry about that. what i can tell you is that currency debates are extremely complex. very rarely you can see one country trying to fix its exchange rate solely for the purpose of trade. it is usually a byproduct of a policy and others, and other goals and names-- aims that lead to a number of outcome and sometimes the outcome is greater competitiveness. we tried to have a conversation-- we try, no, we are having a conversation in the wto about exchange rate fluctuation. members are examining that, they are discussing that, but like i said, it's an extremely complex conversation. also, because almost mathematically have are over valued and half of undervalued, right? so it's a complex conversation. when you win today, you lose tomorrow. and you cannot take measures that work only in the short-term. if you really want to be significant, you have to be with the long-term perspective. >> you spoke ab

united states as world. in the by 1900, the united states had the largest economy in the world, but the consequences of that weren't fully appreciated until by the end of world war i, when america's role as a military power and diplomatic power were understood and acknowledged. it was woodrow wilson, who was our president during that entire time, who really brought that change in america's role to the four -- fore. wilson was in a month -- a remarkable person to execute this change. he was a deeply religious person. all of us up for work, but he felt he had a duty to do better than to collapse into war every generation. he was a political scientist, one of the founders of that discipline of thought. one of the first president of the american political science association. he thought that we could do better. he believed we could govern ourselves better as a world, and the combination of those two firmly held principles in his mind and heart led him to conclude, as world war i progressed, that there ought to be a better solution that would -- andnot only this war result not only this work, but wars in the fut

in the wake of a war in which most of its competitors literally burned economies to the ground, the united states dominated the world economy which for a while offered economic opportunities to all kinds of workers, with all kinds of skill levels. but almost immediately after the war, that consolidated nation started a long process of unwinding, of fragmenting. over the decades, culturalized and diversified as struggles against racism, coincided with the massive increase in immigration. it's important to recognize the latter, by the way, we don't think about the scale quite enough. because of immigration restrictio restrictions, mid century america had an incredibly low level of cultural diversity until those were lifted in the 1960's. in the 1970 census, those living abroad, and today all time high of 20%. that's part of what happened to to our country. >> a finalist for the national book award this year, by the way, just announced. congratulations. other books include working parents and the revolution at home, the time bind, when home becomes work and work becomes home, and the managed heart:

in the wake of a war in which most of its competitors literally burned economies to the ground, the united statesdominated the world economy which for a while offered economic opportunities to all kinds of workers, with all kinds of skill levels. but almost immediately after the war, that consolidated nation started a long process of unwinding, of fragmenting. over the decades, culturalized and diversified as struggles against racism, coincided with the massive increase in immigration. it's important to recognize the latter, by the way, we don't think about the scale quite enough. because of immigration restrictio restrictions, mid century america had an incredibly low level of cultural diversity until those were lifted in the 1960's.

we know know that one of the headwinds that we face for growth in the united states is actually from the weekend international economy. the united states benefits from being able to trade with the world. we won our trading partners have economies that are not performing at high levels it is going to have an impact on the number of goods and services they purchase from the united states. that is part of it. that is why much of the evidence for this piece is the international community and policy makers who can have an impact on some of these broader trends. i think what is also true is we have encountered opposition from those on the extreme right who wield inordinate influence in the united states congress. they have succeeded in blocking the kind of commonsense infrastructure and education that would have a material positive impact on economic growth. economic growth would be if republicans had about policies that contributed to economic growth. so i know that at the risk of offending my friends with years of technical education in the field of economics, it's not that complicated. his opposition to commonsense prop

leon: people wor that that more directed, more planned economy was going to overtake the united states. is that what's that about? david: sure, yes. i mean there was a very famous book that came out about japan in 1979 called japan as number one by ezra vogel at harvard university. the prediction was by the year 2000 japan would have long since surpassed the united states in economic terms. there was books coming out that every american was going to be working for a japanese and that the japanese we're going to controlled so much us debt, the japanese were a threat, the trade deficit was a huge problem. all of these fears of japan, or some of the things that you hear about china today, people were saying about japan back them. very few of them, if any, have come to pass. leon: i was moved to propose this discussion to our producer, because my perception is there is more conversation this year and not only in the united states, but in europe and elsewhere about immigration, about trade, abou anxiety not just in our own country. i worry that we're not learning as much as we could from th

last month the united states and china -- the world's two largest economies and largest emitters -- formallyd that agreement together. and today the world has officially crossed the threshold for the paris agreement to take effect. today, the world meets the moment and if we follow through on the commitments that this paris agreement embodies, history may well judge it as a turning point for our planet. of course it took a long time to reach this day. one of the reasons i ran for this office was to make america a leader in this mission and over the past eight years we've done just that. in 2009, we salvaged a chaotic climate summit in copenhagen, establishing the principle that all nations have a role to play in combatting climate change and at home we led by example with historic investments in growing industries like wind and solar that create add steady stream of new jobs. we set the first-ever nationwide standards to element the amount of carbon pollution power plants can dump into the air our children breathe. from the cars and truck wes drive to the homes and businesses in which we liv

united states. the new september jobs report came out the most powerful economy in the history of the world only produced 156,000 jobs last month and unemployment picked up. their answer, more of the same. more taxes, more regulation, more of the same on american energy that is stifling american growth. i like to tell us that the best we can do. just be patient it will eventually work its way out. but we all know it is nowhere near the best that we can do. it's just the best that they can do and when he becomes president of the united states of america, we are going to get this economy moving again and put north carolina back to work and people all across the country by putting commonsense conservative principles into practice. donald trump has a plan. when we arrived in washington, d.c. we are going to do what ronald reagan did back in the 80s and was president john f. kennedy did in the 60s we are going to cut taxes across-the-board for working families, small businesses and family farms and get rid of the state of texaestate taxes once l and lower business taxes so companies in this state can create t

those commonsense conservative principles into practice and we are going to get the economy of virginia and the united states of america on the move. [applause] gov. pence: lastly, before i get to a close and i have to say thank you for coming out today. this is such a blessing. i know i am not the main event. i am the other picture on the bus. so give yourselves a round of applause for coming out today. it is very humbling to me. i hope you leave here today and i hope you tell someone, you know, folks, this is really about our country. we need you to leave here today not just having heard a speech hay bales in with a great virginia setting. i hope you find neighbors and friends and say "i saw mike, he looked a little tired, but he reminded me this is -- despite all of the distractions in this campaign it is about big issues , and security. a stronger america standing tall on the world stage again. right? it is about a more prosperous america that gets this economy moving again for all of our people. i also want you to tell them that while we are electing a president for the next four years, that president i

japan is the third largest economy in the world and the united states is the largest. in the u.s. in the silicon valley area in particular are three titans of i.t. apple, google and facebook. and thanks to that dominance, america's economy has been robust and dynamic. in japan, japan has traditionally had an excellence in manufacturing and hardware and you see that in the automobile sector, for example, with toyota and nissan. so, we're trying to connect the sort of software excellence of silicon valley and the hardware excellence of japan because we're in an age now where technology is booming. an era of inoovation and disruption and now with artphyllous intelligence and big data analytics and machine learning, automobiles are going to be self-driving. automobiles, in fact, will be almost like robots. and robots in the home for, say, senior living, will be important. it's critical, at this point, to deepen the ties of silicon valley and japan. >> what have you found to be most effective in the conferences? >> well, it brings together people across all sectors. so, your viewers who

the amount of data and the economy of the united states and all the issues are remarkable. >> they botht of experience in government so they're able to have very lengthy detailed intelligent discussions about these issues. how does that go over with the american voter? >> hopefully the american voter looked at them as the potential stand in if anything were to go wrong with the president or even leading up to the president, the presidential candidate. that's the whole point of these vice presidents and to be able to step into the job. what we saw is either one of these individuals is qualified in terms of the knowledge of the world and the economy to step in. i think it should have given all voters comfort whether you're a republican or democrat that these two are great under studies. >> going into this, the whole idea the plan of attack is to defend your candidate and attack the others. either one of them do better than the other at that aspect? >> it depends on how you look at it. i think tim kaine was more vociferous about trump. so they both followed a very choreographe d script on

united states government should be stepping in. >> there were moments of confusion and contention on russia's president. >> because he'd rather have a puppet as president of the united states. >> you're the puppet. >> debt, the economy, immigration leaked emails. >> the russian government has engaged in espionage against americans. >> and sexual assault allegations. >> i didn't do anything. they want either fame or her campaign did it. >> trump claims the latest campaign against isis is political. >> because she's running for the office of president and they want to look tough. >> clinton brought up trump's unreleased tax returns. >> we have undocumented than a billionaire. >> less than three weeks left to win voters. >> looking ahead, today we've got clinton and trump, vice presidential candidates all of them out in swing states. but donald trump and hillary clinton are meeting up again. they are at the same event in new york, a dinner >> kim: we're going to see tracy again in about a half an hour from now. she's talking about the al smith dinner. it's supposed to be a light heart add fair. it's supposed to be a lot of fun and point fun at each other. >> dana: it's kind of a roast. they hold it every four years in

and when donald trump becomes president of the united states of america will get this economy moving again by putting congress -- common sense conservative principles into practice. campaigning in north carolina in the meantime his home state possible voter fraud is being uncovered. it will get to that in just about 10 minutes. >> and, lighting it up a little bit. >> let's call the whole thing off. >> however you say it, don't put it in the fridge. if you don't want to lose the flavor. >> okay. you know -- you never know. if you are one of them, you're listen it has to do with science. and science is true. it is slowing down this process. so even though you shouldn't put it in the fridge taste you can save money by doing so because they don't go bad so just be prepared it will lose its labor. >> i will be prepared. but look at this. but the pilot shortages we have been telling you about could this be our future yes that a robot moving the controls of a plane robotic -- a robotic -- copilot just took this while the human pilot gave the commands on a tablet. defense leaders as in the pe

. >> okay, what i think is at stake, is the future of the economy of the united states of america. we are taking i in 3-1 trillion, spending 3- 7 trillion, we're destroying paychecks of every american and reducing the living standard of every american, if we do not understand that we have failed to recognize the issue of our time, we cannot continue this way, as everyone else this the world, we're seeing today, when things go wrong they are going wrong fast. and shockingly, fast. the way we lost the way the soviet union dissolved, amaze ly fast. lou: which candidate do you think, gives the country the best odds of meeting challenges that you describe? >> i think that is the right question for all of us to ask. what do we have to go on? wwe have a campaign that has been vicious, that degraded level of conversation, that i think should be associated with the presidency of the unite states, i don't think that the campaigns have addressed these issues, very well. national security -- lou: steve, can i give you a counter view to that. >> sure. lou: that conven conventional thought of th

it is very important for the economy of the united states to twratd other countries. isolationism will not be the right answer for this country. so we have to be smart. i think hillary is for smart trade deals. >> that doesn't say whether she is a free trader or a protectionist. which is he? which do you like? >> usually these things aren't black and white. you're a free trader if the deal is smart. you're against trade if the deals are not smart. >> meg whitman work all due respect. you have to be for tpp or against it. are you for tpp? >> i am for tpp. yes, i am. >> where is hillary on tpp? >> so she is against it. and not that i agree with every single thing. >> tumd most important thing is the economy. you said the most important issue is the economy and you disagree with our role in the world economically. so where do you agree with her on economics? >> so first of all, i agree on her infrastructure program. we need to rebuild the infrastructure in this country. not only it provides jobs -- >> trump is for that, too. >> for people and services to move around this

i hope we can move ahead here at home in the united states, i'm confident we can do a far better job of mobilizing our economy and resources in the united states. and i merely say that they -- if they elect me president, i will do my best to carry the united states through a difficult period, but i would not want people to elect me because i promised them the easy, soft life. i think it's going to be difficult, but i'm confident that this country can meet its responsibilities. mr. mcgee: mr. vice president. mr. nixon: well, i think we should be no -- under no illusions whatever about what the responsibilities of the american people will be in the 1960's. our expenditures for defense, our expenditures for mutual security, our expenditures for economic assistance and technical assistance, are not going to get less. in my opinion they're going to be de-- be greater. i think it may be necessary that we have more taxes. i hope not. i hope we can economize elsewhere so that we don't have to. but i would have no hesitation to ask the american people to pay the taxes even in l961 -- if necessary -- to maintain a soun

you do those four, you will be able to grow the economy and the united states of america will be competitive on the global market again. we will bemr. owens, cutting back to you for rebuttal. you have the opportunity to respond to either mailing or the economy question. mr. owens: there is no issue with someone sending a mailer that announces a town meeting. those were self emotional campaign pieces that were paid for by the taxpayers. myotonic just try to excuse that by saying both the republicans -- my opponent just tried to excuse that by saying both republicans and democrats do it. i would never do something just because everybody does it. moderator: representative, you have an additional 30 seconds. rep. love: there is no response, this is just something he is using to his own benefit to complain because he has got nothing else. i understand that he is got a problem, so it's ok, let it go. moderator: let's see how you respond to this question. weekly, our headlines -- you technically cannot because she waived her rebuttal time. you do not get a claimant. i regret that but your time will

international sphere; i hope we can move ahead here at home in the united states; i'm confident we can do a far better job of mobilizing our economy and resources in the united states. and i merely say that if they elect me president, i will do my best to carry the united states through a difficult period, but i would not want people to elect me because i promised them the easy, soft life. i think it's going to be difficult, but i'm confident that this country can meet its responsibilities. mr. mcgee: mr. vice president. mr. nixon: i think we should be no under no illusions whatever about what the responsibilities of the american people will be in the 1960s. our expenditures for defense, our expenditures for mutual security, our expenditures for economic assistance and technical assistance are not going to get less. in my opinion they're going to be greater. i think it may be necessary that we have more taxes. i hope not. i hope we can economize elsewhere so that we don't have to. but i would have no hesitation to ask the american people to pay the taxes even in 1961 if necessary to maintain a sound economy and also to maintain a

. >> reporter: what would happen to the united states' economic and sr's economy, in particular, if donaldmp would become president, in your view. >> i think the randomness of his governing, tweeting, slogan sloganeering, attacking, will create great chaos in the market. i think people will have difficulty predicting the fiewvment we've made huge progress by enabling trade and collaboration and learning. when you look at your average 30-year-old today, they're much better off than a 30-year-old 20 or 30 years ago because of progress in technology and healthcare and all the rest of this. >> reporter: but what about all the people who are demonstrably left behind, who are hurt by trade, hurt by globalization, hurt by the progress of technology? >> so i should think we need to put our energies as entrepreneurs, technology inventors and government to being much more inclusive. i think the key thing is working together. >> reporter: but the argument is we can't go on as we are, and there seem to be a lot of people who think that, right? >> yep. >> reporter: and, so, we have with to blow it up o

economy. the united states still wants to push for more and it's clear, i would just love to get along. i think to compromise and get something done. we want a level playing field but it's a little bit different. we will survive with that but i do think getting it done is really important. it's just another thing. again i believe out of sympathy for the european banks that for seven years they have been deleveraging and catching up for seven years. let them stop and digest. it's important in europe where 70% of the capitalist by banks of my capital markets. i would ask the key motive effect of these things in their hundreds of things. of course no one really knows. i view it the other way around now. i would pick up capital and reserves and operational risk capital. both -- why do you have reserves and capital in central bank's? i believe interest rate swaps are going negative and you have repo problems. one thing that is a necessary but it's so high and you can't remove it in summer is going to look at that one day and say i think the u.s. is bordered million in capital. and there are