>>a us senator and the treasury department are at odds over what to do with billion. he says the money should go back to its rightful owners which could >>most of us will never know what it's like to hit a million dollar jackpot but we might have a couple dollars with your name on it, sitting in the us treasury. but fortunately, most of us will know what it feels like. yeah, this louisiana senators working to pay out. $26 billion in unclaimed savings bonds to the people who actually owned them as jesse to know reports now his bill is advancing in congress. but the treasury's fighting back. >>you wonder why people hate government this is louisiana senator john kennedy is upset because he says the us treasury department is holding on to $26 billion that doesn't belong to them, you know if you don't pay your taxes on the right amount long time. a tray showing for making some take you first more. >>well, here's a case for government those people money. >>kennedy louisiana's for state treasurer is trying to bring what he did at the state level to the federal level payout mu

the us treasury has denied reports it is planning to block chinese companies from listing their stock on u.s. exchanges despite the denial asian markets went down on monday investors still fear that washington will restrict u.s. capital flows to china beijing had a warning for the u.s. . exerting maximum pressure and even seeking the force to coupling of china u.s. relations will harm the interests of chinese and american companies and people it will create turmoil in financial markets and then danger global trade and economic growth. would you feel with. beijing said it hoped washington would work to resolve their differences and deepen economic ties some market observers brushed off the rumors saying the news amounted to nothing more than posturing ahead of talks between beijing and washington next week. fox is in court in germany's very 1st class action lawsuit a civil compensation claims relate to the diesel scandal the court will have to consider if vehicle owners suffered damage from the emissions cheating software itself all from subsequent bads imposed on driving all the diese

the us treasury is enhancing our efforts to deny terrorists access to the us financial system. we will continue to make sure that security of the united states, and prevent citizens from becoming the victims of terror attacks. today's executive order mocks the most significant update to counter—terrorism sanctions since 2001. it significantly spans authorities to target terrorist and those who finance their activities, specifically today's action as clauses that allow those from state and treasury to target leaders of terrorist groups and their associated entities without tying leaders to specific acts. it more effectively target individuals and entities who participate in terrorist training and provides new authorities to impose sanctions on foreign institutions that knowingly do business with terrorists. the trump administration has a ready used existing sanctions more aggressively than any administration before, and we are now putting these authorities to good use. to date the department of state announces the designation of 12 terrorist leaders, including those in iraq who

didn't the us treasury or just a months ago say that now trying to manipulate we bring you the stories and developments the dramatically changing the world living what's behind the rise of piracy. counting the cost on al-jazeera to. have. a global youth protest against climate change and what may be the biggest demonstration of its kind ever. hello i'm daryn jordan this is al jazeera live from doha also coming up a political firestorm in the u.s. as a whistle blows complaint against president trump is reportedly kept quiet. iran's foreign minister heads to the u.n. general assembly a day after he threatens all out war if the u.s. attacks. and we'll tell you why billions of birds have vanished in north america in the past 4 decades. the largest climate change protest in history has begun protesters for more than 150 countries are joining a youth led global strike calling for an end. to fossil fuels and begins a weeklong worldwide campaign demanding greater action where protests began in sydney with thousands joining one of australia's biggest protests in a decade the country's the world

the us is treasury is enhancing our efforts to deny terrorists access the us financial system. we will continue to make sure that the security of the united states and to protect innocent people from becoming victims of terrorist attacks. [inaudible conversation] >> thank you stephen. today's executive order marxist most significant update to terrorists. since 2001. specifically, today's action amends executive order 1324, buy adding causes that allow the department state and treasury, to first directly target leaders of terrorist groups and to their associated entities while having to tag tears leaders to specific acts. second more effectively and efficiently targets entities who participated restraining, and provides new authorities to both sanctions of knowingly do business we put terrorists. the trump administration has already used existing sanctions authorities more aggressively. than any administration before us. now, we were immediately putting these new authorities to new use. today the department of state, announces the designation of 12 terrorist leaders. they includ

well firstly because the americans have said that this is a sanctioned tanker the us treasury sanction to the green one if you're in their area one on friday because they said that what was on this vessel the funds would go to the revolutionary guards that they deem the terrorist organization in april the u.s. government has said that anybody that does the business with this vessel and what's on board this vessel will be facing heavy fines the americans have said that they are going to do everything they can to pressure the iranians to come back to the negotiating table since they withdrew from the 2015 nuclear agreement and we've heard just earlier today from iranian president hassan rouhani who was speaking of parliament who said that they were the number of opportunities presented to the iranian officials to hold dialogue with the american government but the refuse then the answer will continue to be negative because the iranians say since the u.s. withdrew from the agreement last year they've imposed a series of sanctions on iran to try and pressure the iranian officials to come ba

the bank daddy of all banks is supposedly independent but are they really the us treasury was supposed to be independent yet they got bullied into trump's agenda the fed is supposedly an independent government agency yet powell bowed to political pressure and now finds himself playing defense this is worrisome if there's supposedly independent bodies are so easily influenced. and one of the world's biggest credit rating agencies downgraded the hong kong sovereign rating on friday as protests and riots continue inflicting long lasting damage to international perceptions of the quality and such from this of of hong kong's rule of law and its business environment which unexpectedly dropped the bombshell grading the city's rating one notch from a double a plus to double a the city's outlook from stable to negative this could have serious. simple occasions for the borrowing cost of companies and the government this is hong kong's 1st downgrade by fitch since 1995 but leader kerry lamb hit back to defend hong kong she disputed the downgrade saying that nothing has undermined the one country

joining us, treasury secretary steusteve en mnuchin. >> thank you.: let's start with china and united states and where we are in negotiations, if they could still be called that. >> i think you know that ambassador lighthizer and i have been at this for a while. president has been clear, if we get the right deal we can do a deal, if we can't, she happy with th--he is happy with the t. lou: anything approaching to end of threat of of hundreds of billions of intellectual property and technology to balance trade is a present of any agreement? >> well from our first meeting with trump and president xi, president xi agreed that rebalancing the trade deficit was ary priority, we've been working two years oar that, the president is determined we have if have a fair and reciprocal relationship with trade, it has been a one way street. lou: it has been since the beginning of the chinese adventure, if you will, has it not? right now agriculture will be number one export of the united states it is extraordinary to me as an outsider looking in, that it would be

with a 2 year 10 year treasury yield spread and those are the charts like commerce bank which used to be a big bank in germany that's declined their share prices decline deutsche bank is down like 95 percent since the financial crisis even the landis bank and which are the foundation of the middle. middle corporations as the heart of german exports to me that those banks are starting to suffer as well. all the big banks will be on by amazon and we answer that because you know go like and when you make a purchase on amazon you either get a big shock or a little shock depending on your credit rating or you get shot to death up in life in the line anyway we're going to take a break and when we come back much more coming away don't go away. round up with a little out of. the set of one of my what i would. find i trim 88 to high is not the high i might. get this month when the sun shone. for the sum total of almost mimic the lock of the. theater someone who did the board. welcome back to the kaiser report i'm max keyser time now to turn to nick but to yeah open note and tantra labs welcome

treasury yield spread and those are the charts. commerce bank which used to be a big bank in germany that declined their share prices the prime deutsche bank is down like 95 percent since the financial crisis even the land bank and which are the foundation of the middle east middle corp says the heart of german exports economy that those banks are starting to suffer as well right now that way all the big banks and beyond. and we answer that. and when you make a purchase on amazon you either get a big shock or a little shock depending on your credit rating or you get shocked into population decline anyway we're going to take a break and when we come back much more coming away don't go away. through our new year to play just one game so i did this. and i didn't know what to do with it you know did a business use to temporize they could gin you on to the next american election. over at least because the democrats disposed towards the islamic republic so you know maybe you go back to the old james. quietly give you consistent as i quietly you believe the impre

the bond market and other markets they are paying interest rate and sceptic of the 10 year treasury bond is used as a benchmark to come up with packaging of securities and what the mortgage rate is going to be and what the matrix rates are from the longest to the shortest term the yield curve as it's called so now this can be introduced a big point with the lightning network because you're getting an income you're getting in revenue and so you can start to do some real applied mathematics as a financial analyst. at the same time we've got wall street kind of entering into the big point space with their products and futures products what do they use to establish the value of those products sure so the lighting network reference rate is something that is just conceptual at this point there's not actually a lot of return to be made and it's very difficult to allocate lightning network capital to in order to make money with it the way that the wall street types are valuing the time value of big coin are these lending contracts and these exchange lending sort of situations where in the traditional ma

with a 10 year treasury yield spread and those are the charts like commerce bank which used to be a big bank in germany that's declined their share prices decline deutsche bank is down like 95 percent since the financial crisis even the landis bank and which are the foundation of the middle. middle corporations as the heart of german exports to me that those banks are starting to suffer as well. all the big banks will be on by amazon and we answer that because you know go buying and when you make a purchase on amazon you either get a big shock or a little shock depending on your credit rating or you get shocked and the population declines anyway we're going to take a break and when we come back much more coming away don't go away. and the big pain years in the process started 10 years and i think it's time to shake things up maybe change the branding maybe the format here is what i've been thinking about next season related episodes filmed on an island 10 experts cited out for a trophy what do you think ok a more affordable option $25.00 text birds. and one red rose another suggestion.

with a 2 year 10 year treasury yield spread and those are the charts like commerce bank which used to be a big bank in germany that's declined their share prices decline deutsche bank is down like 95 percent since the financial crisis even the landis bank and which are the foundation of the middle. middle corporations as the heart of german exports. economy that those banks are starting to suffer as well right now that play all the big banks will be on by amazon and we enter the era of the casino go flying and when you make a purchase on amazon you either get a big shock or a little shock depending on your credit rating or you get shocked into the population decline anyway we're going to take a break and when we come back much more coming away don't go away. in 2040 you know bloody revolution to to correct the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still or here i mean you are liz put me in the new bill is that i'm new school in the middle of the former ukrainian president recalls the

with a 2 year 10 year treasury yield spread and those are the charts like commerce bank which used to be a big bank in germany that's declined their share prices decline deutsche bank is down like 95 percent since the financial crisis even the landis bank and which are the foundation of the middle east middle corporation says the heart of german exports to me that those banks are starting to suffer as well right now by the way all the big banks. and we answer that because. when you make a purchase on amazon you either get a big shock or a little shock depending on your credit rating or you get shocked and population declines anyway we're going to take a break and when we come back much more coming away don't go away. not at me. but if she warned you i do. wish that the. those jeans nudist beach and you see me. in the news i mean that is where that information ball. a lot of you will see sawing your info as if parts about to kids out the bulls are the most cool. doesn't need a list of. these. people . 5 days doing a sit. in english medium people who simply. include in. welcome back to

the operation allows banks to borrow cash using treasuries and other securities as capital. >> meanwhilee market squeeze makes it more likely the fed will expand. saying he expects the central bank to embark on qelite >> bold calls as usual let's bring in another voice qe, how bad does the situation need to be economically for the fed to restart a version called qe lite? >> i think we are in that situation from a global perspective. it's likely they'll restart it if you look at the rate cuts, i see the market pricing in here at 50 basis points we could go as far as 75 just trying to keep the fine line of doing what it wants but not overdoing. as long as the macroeconomic back drop remains weak and mixed. on the one hand. you have consumption doing well. you are starting to see other areas faulter. the fed will try to support the economy. certainly the out look for commercial outlook globally has deteriorated these trade wars are taking long tore solve the longer it takes, you see the impact on company earnings that is what really drive equity markets. from that point of view, it has dete

treasury data, china holds roughly $1 trillion in us -- u.s. dollar denominated treasuries and agency securities. a third of it we kind of know what it is except we don't know if they have used part of their holding and treasury is collateral to get loans. in which case they don't really hold it. some people suspect they've done this in 2015-16 when a huge amount of money was leaving china. that is a big question. as for the other parts, i would say at least $300 billion of that has been lent to projects, it is not exactly what you would want in foreign exchange reserve. from public records, you can see 50-$100 billion of that is holding chinese stocks. the foreign exchange reserve has several subsidiaries that most people know is part of the foreign exchange reserve. they have been buying stocks in chinese companies and banks on the open market and the attempt to prevent stock prices from changing during financial difficulties in the past couple years. it is not a huge amount but if you add it together, 50-$100 billion, a little less. and then

didn't the us treasury report just a collapse go say that no child was simply let me bring you the stories and developments the dramatically changing the world we live in what's behind the lies of piracy. counting the cost on al-jazeera to. come back here watching al-jazeera time to recap our headlines now at least 46 people have been killed in 2 separate bombings in afghanistan just 11 days before the presidential election the taliban says it was. the attacks forces were the targets concerns about global oil supplies a growing following saturday's attacks on oil processing facilities in saudi arabia china has been told to expect supplies to be delayed by up to 10 days the u.s. and saudi arabia say early indications point to iran being behind the attacks. israelis are voting in a 2nd general election in less than 6 months prime minister benjamin netanyahu is seeking a 5th term he called a rerun after failing to achieve a majority all for okoya lucian in april's vote let's bring in sheindlin in tel aviv she's a columnist plus $972.00 magazine and the public opinion strategist good to have y

treasuries. what do they like? they are in brisbane and they have been using this selloff in the early part of september to get backng positions in treasuries and they favor the longer part of the curve said 10 and 30 year treasuries. the thesis is around the fact global growth continues to slow. they see expectations for complications coming from the trade situation to deteriorate even further. they say a lot of the damage has been done and has yet to feed through enter the data. they put the chance of global recession at around 40% in the base case. they didn't give a timeframe but clearly it is of significant importance for them. what they want to do is continue to find some of those safety in the market which treasuries can provide. they use that selloff in the early part of the month to get back into those positions. they are not in the crowd of people saying when we had those multiyear lows in august, that was as much as we thought. , expecting basis points to come off before the end of this year. , the marketsaigh editor. you can find his charts on the gtv library. stay tuned because we have the qic dir

first, he defends himself against charges of using treasury funds and an adulterous affair.that didn't do his reputation favors. then he writes of pamphlets attacking his own party's presidential candidate, john adams in the election of 1800. that really didn't do him favors. supporters were backing away with what they call an indiscreet politician. he does not have discretion or control over himself. and he's a danger, liability. his career is suffering. as a whole. the nation is moving in a more democratic direction. on that level too, he has much less power. in one way or another, i don't think he was going to gain political power again. the question is if the duel had happened, what would he have done. he left behind one-to clues about that. i think you might have become a political commentator. he was pondering another collection of essays along the lines of the federalist. he was the initiator of the federalist essays he broke with james madison, john j. in the later years, he was thinking about doing that again. he approached one friend and colleague and said, would y

as far as we can tell, according to us treasury data china holds roughly $1 trillion in us dollar denominated treasuries and agency securities. a third of it we kind of know what it is except we don't know if they have used part of their holding and treasury is collateral to get loans. in which case they don't really hold it. some people suspect they've done this in 2015-16 when a huge amount of money was leaving china. that is a big question. as for the other parts, i would say at least $300 billion of that has been lent to projects, it is not exactly what you would want in foreign exchange reserve. from public records, you can see 50-$100 billion of that is holding chinese stocks. the foreign exchange reserve has several subsidiaries that most people know is part of the foreign exchange reserve. they have been buying stocks in chinese companies and banks on the open market and the attempt to prevent stock prices from changing during financial difficulties in the past couple years. it is not a huge amount but if you add it together, 50-$100 billion, a little less. and then people believe gen

that the thug were logical but did nod do him favors he defends himself against charges of my using treasury fund bid admitting an affirm he then he writes a pamphlet attacking his own party's presidential candidate, john adams in 1800. didn't do him favorites to he people were -- his supporters are backing away from him as an indiscrete politics and does not have discretion, dot not have control over himself and he is a danger, liable. so, he -- his career is suffering. the federalist, his party, as whole, are now fading away. the nation is moving in a more democratic direction than the federalists preferred so on that level he has much less power. so one way or another, i don't he was going to gain political power. so if the question is what would he have done, heft behind one or two clues. i think he might have become kind of a political commentator. clearly was pondering another collection of essays along the lines of the federalist which he was the initiator of the federalist essays he wrote with james madison and john jay and he was thinking but doing that. had approached one friend an

mismanagement correction is now reached the point which something has to give there's the national treasury keeps telling us and the choices that we have to face of politically unpalatable and that's a big part for the political trouble that the ruling alliance finds itself in at the moment yeah i mean in this report we heard the public enterprises minister say that he thinks we are in for a shock pretty soon because there's no more money now if that is the case went to privatized. well that's one of the political problems that the ruling alliance faces the a.n.c. is no alliance with the trade union federation cosatu adds well as the south african communist party both of those organizations a militant leader opposed to any form of privatization and has previously over the decades managed to scott by any plans at privatization that notwithstanding things have gotten so bad now that the a.n.c. is pretty openly talking about defining those alliance partners and saying that there is no other routes there is no other way to to find the money and so the a.n.c. seems to be quite serious this time around talking ab

what the treasury market has gotten so used to is the predictability of size, a certain maturity, everyingle quarter. is that worth sacrificing, james? james: whether or not that is a good thing, i don't know. you are getting into different areas, experiences we have had in the past where predictability just lays down the foundation for shocks essentially. essentially, things cannot remain constant forever and a day. the idea of steepening for the sake of steepening i struggle with. if you go back far enough, the fed wanted to flatten the yield curve in order to stimulate the economy. what i care is what is going on underneath all of this. that is why i like to push back on the notion that we have not seen data to justify the bond rally. ism's in the u.s. have gone from 60 to 15. we have seen headline payrolls grow slow, -500,000 jobs revision to the reports from march to march. from insurance, we have seen the working week and manufacturing declining precipitously. if you look outside of the u.s. borders, china is no longer the supplier, the demander that it was, and that has brought t

treasuries edging lower as well as investors weigh the latest turns in the global economy. dennis us now is debusschere. have you been thinking about the impeachment process, what it may due to the stock market? dennis: we have certainly been thinking about it. at this point, it has not changed how we are recommending investors allocate their assets. as a victoryen's have gone up, some sensationalism as far as what be able to implement, but we are focused on the fundamentals now, which are improving. vonnie: the fundamentals are improving but there is a question over the economy. does it matter how the economy performs, if it stays at the 2% trend line, or slows from there, to your model? dennis: 2% is your baseline. then the question is, where are your risks relative to that 4%? 2%? we have been dealing with the trade war and that is now looking to be down. 's are the last holdout, but as the inventory overhang has worked down, you will see pmi's stabilize. around that 2% will be more favorable, that left tale of recession reduced, which means a cyclical multiple relative to defense

sound legal footing, we have the plan that has the most benefits of funds are going to the treasury to be used as congress directed, and fiber being expanded deeper into rural areas. none of that has changed by and it's the structure of the c-band alliance. >> i do have one or two more questions that i can add. >> are you will be building to the front fiber separate from each other between connections how does that work? >> yes, i mean particularly in discussions with programmers, we understand that it's really important that fiber we didn't. there's multiple paths that are geographically diverse. people don't want fiber on two sides of the same street because if you get if you have a problem on that street, it can knock out both lines. so in our discussions and what we plan on submitting later this month, is a plan that shows for true diversity that will be able to provide what's called five nights of reliability, which is equivalent to the reliability that a satellite industry provides. it's a very robust network that will ensure that customers don't lose access video programming they get to

kathy: we use a couple of fair value models for 10 year treasuries, and we have fair 2%-ishat the 1.85%yway, so we are getting back from oversold to what would be considered fair value. jonathan: that is the big debate for people watching the program. through the weekend, it will be the big debate, into next week. brian, we are back to the 1.90 percent on the 10 year. do you frame this as this is a correction in the context of a massive move in 2019, or the beginning of something else, a new trend. brian: we have seen this story a couple of times where you get risk-off, then risk-on, then risk-off. what is encouraging to me is the curve is steepening up a little bit. that is something we have not seen for a while. the past three months, 10's were inverted, but the rest of this the curve is back to positive slope. that is really encouraging but i don't buy this big selloff. i am not looking for any massive counter rally here, but i think we will talk about here pretty soon. jonathan: you think this is a short-term correction driven by technical factors, nothing fundamental about it? bria

whip soaring a one-way bond market, driving treasuries lower and yields much higher. let usegin with the big issues, shall we? things looking better than you thought they were. >> what if the market has been acting like early cycle? >> and love the theory. >> there is no question you are seeing the dynamics shifting. >> what you are seeing is the pricing out of recession risk. >> we don't see recession coming right away. >> maybe august was that peak fear. >> the fear trade peaking. >> chomped a lot of wood in august, sentiment horrible. >> investor sentiment is incredibly bearish. >> maybe we are coming out of it. i think the fed needs to confirm that, but maybe we have had a mini cycle. >> we are set up perfectly for a rally in risk assets into the fall. >> if we could just hold earnings here, we get a revaluation story in equities. i think that is the next trade up, and that is the pain trade. if you want the bull market to die, show me a recession. until you can produce it, you have to take me over. >> no recession, central banks in play, markets outside, going into the

. >> also with us, former treasury official. >> the mets have had their run. the mets have had their run. >> my son thinks they still have a shot at the second wild card spot, but it is not going to happen. >> how do you recover from that last night. >> that was rough last night. >> former treasury official, steve rattner and washington bureau chief and author of the matriarch, susan page. great to have you all this morning. we're going to start with news and politics. we're going to start with the hurricane, a little bit of music, that's fine, we can do that, but everything in its proper context and place. hurricane dorian. >> baseball, cooking. >> lashed parts of florida's east coast overnight with storm surge and hurricane warnings, extending up the eastern sea board as far as the carolinas. we're also following the humanitarian disaster that is unfolding in the bahamas, look at the aerial pictures. >> the images are unbelievable. just absolutely unbelievable and for anybody that's ever been through any hurricane at all, a cat 5 is everybody's worst nightma

us talk about this, the latest in the u.s./china trade negotiations and much more, treasury secretary steven mnuchin. with you. >> mr. secretary, earlier we heard from china, chinese ministry saying they are considering some moves, too, such as resuming purchases of u.s. pork. how would you describe the state of trade talks between the two countries right now? >> well, i think you know we've had a series of principal level conversations. we have a deputies meeting planned in the next two weeks where the chinese will be coming here and they'll be working on material and advance, the vice premiere coming here beginning of october to meet with the ambassador lighthizer and my several. we look forward to making progress the next few weeks. >> what happened the last time you went to china? seemed like that was a very brief trip >> well, i think as you know, we went to shanghai there was a real significance to them of us being in shanghai, and the shanghai agreement with kissinger. we clearly didn't make the progress we wanted to, and we look forward to when they're coming here that there is real negotiati

us. the issue about treasuries, for example.that something we might see retaliation on, that we might see some sort of clampdown? how much more painful would that be? ofd: i think the issue whether china sells its treasuries is almost completely independent of the question of whether americans can buy chinese bonds. the most draconian option might reduce u.s. inflows into china by $25 billion a year. put is not enough to material pressure on chinese reserves or force a change in china's exchange rate management. what i think people should be a little bit more focused on is not the bond selling but the possibility that the end of the day, we might be triggering a stocksn who owns china's in the following sense. right now, americans own, let's say, $200,000,000,000 of chinese stocks, and the china investment corporation, state investment, foreign-exchange owns about $200 billion in u.s. stocks. i think what china would be more likely to do is not sell bonds but u.s. equities, and then would basically use the money that he got from

states, another big story is what happens to the yields some of that movement started after treasury secretary told us that treasury department is looking seriously at the idea of a 50-year bond for some time next year. right now, the 30 year is yielding 2.28% >> i saw him later in washington and he started talking about 100-year bond for the next consideration. >> did you prepare for seeing him by watching the interview we conducted? >> i did that's why i decided to take the 50 and up theante and ask him about 100. >> to beat the record, he would have to serve 13 years see, i knew it >> were you talking about the president or the dynasty >> he could work for president ivanka >> let's talk about the campaign the front running democratic candidates lined upsi side by sd in houston we'll go to kayla for an update. >> reporter: good morning. it was three hours of wide ranging discussion on education, immigration and more the discussion on health care. the cost, the customers and the role of the private sector this moderate divide was on full display. senator warren was asked whether taxes would go up to

treasury secretary steve mnuchin, hud secretary ben carson, fhfa director mark calabria, even under government control, even under taxpayer paid bailout they are not able to stand on their own. they have to usereasury as a capital backstop. mnuchin said 6 or $7 billion, they would need to raise $100 billion through private entities or possible ipo in order to essentially be successful on their own. >> what is the capitalization today compared to where we were before the crisis of 2007-8? >> it is minuscule today? >> we're in worse shape going into any major economic downturn -- >> the gses could not operate today if it were not for the treasury lines. reporter: they're still working finding ways to make housing more affordable even though calabria, no american that can't afford a home has the right to own a home, utilize taxpayer subsidies to get a home. senator kennedy asked if they have done anything to reform underwriting standards to avoid a crisis occurring again. calabria said they haven't. they have gotten worse. >> we're the ones holding the bag after everyone else in the process made money, walked away, taxpayer is holding the bag. >> have underwriting standards gotten more realisti

david: one of the things president trump has emphasized is the use of -- by the treasury department.egree comfortable the to which we have modernized them in been more aggressive as it concerns chinese ownership and it could apply to the situation with the hong kong exchange buying the london exchange? rep. rogers: i do think so, and responsible path for us to take. we have to be monitoring these things. they do have national security implications. david: let me come back to the final question for homeland security. what is the one thing you would like to see us do we are not doing yet? rep. rogers: we have to do a better job of policing social media and finding ways to make sure these terrorist groups are not able to radicalize through social media. that is an area we saw in our hearing yesterday that is of great concern. not just here, but around the world. we have to deal with it and is it a tough issue to get your arms around. these social media platforms are enormously powerful. it is also a relatively new technology and we will be dealing with it. we will be talking about it a

joining us as a former treasury official. still with us is michael antonelli. will esg etf's and solar companies. what is the most profitable way to invest in climate change? jessica: we recognize that climate change is a crosscutting issue that affects many sectors of the economy from the emitters like energy, transportation, food and agriculture production to sectors that will impacted by the effects of global warming and changing weather patterns, whether that be health care, real estate. what we try to do is approach this at a company level through differentiated esg research and try to understand how companies are preparing to manage and adapt to these changing climate risks. is sort of one way to disseminate. do, avoidhat do you big oil? how do you look at it? alix: two ways to engage -- michael: two ways to engage with a client is stay away from poorly constructed hyphae products. -- hi-fee products. we want them to take out the stocks we don't like. we like to think about it as a value based investing, where instead of just wearing about where we invest

us check in on the fx market. the yen has dropped to a five-week low against the dollar. this comes as their are higher treasurys now to assess the state of the fx market more broadly is neil jones, from mizuho bank. great to speak with you today. let us talk about what is going on in japan. we have seen weakness in the and maybeen of late the more positive trends around trade has tiptoed into other situations. generatek on tends to yen weakness. anything that moves us towards a ould tendolution w to see a yen selloff. is a more, when there risk on type of environment, other currencies start to appreciate such as the dollar. what is the market positioning around the yen? looking at this chart about havens. despite some of the more recent weakness, traders do seem to be preparing or strength in the currency. -- in partarket based on an expectation of a no resumption of a trade deal. positioning for downside. toot of strong reference investors hedging overseas exposure which would mean a higher demand for the yen. and a good prognosis for the yen. right here, right now, i think there is more pressure on the upsid

does the fed have concerns over the impact for the us debt is that conversation you have with the treasury secretary and the proper way to address those challenges down the road? >> not really. that is treasury and congresses job. how they spend are the deficits, none of that calls for that we take the school policy now that doesn't stop us to say that it's important that us fiscal picture returned to a sustainable footing and right now it's not. that's been the case for a long time and something we have to address and a good time to do it is when the economy is strong. and with a high level statements. >> in your view is there any risk to the united states having a much higher interest rates of japan or any risks to the us economy or the global economy? >> the global capital markets are highly integrated. and the rates are definitely pulled down abroad. and the low rates abroad are a sign of weak global growth and a lack of policy space or ideas how to break out and that has implications for us in a world where economies and financial markets are integrated that will pull down us rates in

. >> thank you, lou: joining us tonight, we're pleased to say the treasury secretary the, stephen my chip. great to have you with us. >> great to be here with you, thank you. lou: let's start with china and the united states and where we are in the negotiations, if they can still be called that that. >> well, i think, you know, ambassador lighthizer and i have been at this now for a while under the president's direction, and the president has been very clear. if we can get the right deal, he wants to do a deal. if we can't get the right deal, he's happy with the tariffs. lou: and the chinese position does not seem to have migrated toward anything approaching an end to the theft of hundreds of billions with of dollars in intellectual property and technology, to balance trade as a precept of any agreement. >> well, from our first meeting with president trump and president xi, president xi agreed that rebalancing the trade deficit was a priority. we've been working two years for that and, you're right, it's gone in the other direction. so the president determined that we have to have a

it's not a good use of the u.s. treasury.e is part of why donald trump could be steering all of this money so desperately, so brazenly, so publicly. . some of trump's properties are bleedsing profits. we have seen the names come down in hotels. at the doral resort, heavy knew h -- revenue has fallen by 69%. 24 trump cabinet officials have spent time or money there. it goes back to donald trump. he runs the newsletter tracking these statistics. we're also joined by david corn. good to have you both here. why does this matter. . >> the president is profiting from the presidency. we don't know where his interests lie. he's given up his salary. at the same point he's reported $81 million in income from the trump hotel d.c. in the past two years. that's money that's come from foreign governments, special interests, lobbyists, supporters, from congressmen. all sorts of interests in d.c. >> you mention all those people. we'll put up some of the republican senators. they can go where they want. it shows how business is done. 26, acco

us. didn't the u.s. treasury or just a few months ago say that no china was there to manipulate so we bring you the stories and developments that are rapidly changing the world we live in what's behind the rise of piracy. counting the cost move on al-jazeera. rice that terrifying speeds leap off sky scrapers and jump through 5. stop before most of the unsung heroes of indian cinema for a meager wage they put their bodies on the line for the country's biggest stars. not everyone can be a troll improve stunt man off on river and save his life i'm carrier they make them look good while during your absence but accidents on film sets a comedy something even in didn't do. what i wanted east meets the indian stunt for its risking it all for the brought lots of balls. in. java gallery believes the danger from acrobatics to be leaks. in feet he was born on a bike the bollywood stuntman. the tricks of the trite throng the internet has given applies to all of this and i think a lot of. the money freedom and. for tonight's g

can you tell us how the new executive order we have announced earlier this week impacts the treasury'sbility to target hezbollah in regards to the measures you talked about? thanksec. billingslea: for that. that release of the executive order was a big deal. it was their first time we have been able to modernize the cornerstone of our financial counterterrorism authorities since right after 9/11. and what the expanded executive order does for the treasury department is it smooths the way, gives us new authorities, but also smooths the way to allow us to target terrorist leadership more without having to specifically associate a given leader of a terrorist organization with a given terrorist attack. it allows us to also go after those who engage in training overseas for terrorist activities, or even just conspiring to do so, and very crucially what it does is it applies or gives the treasury the ability to impose secondary sanctions on financial institutions, who continue to transact with terrorist organizations notwithstanding the sanctions designations. missy: basically what you said

>> thanks, melissa and thank you, director calabria for joining us you are on the other side of that negotiating table from the treasury secretary do you agree with him on the time line for ending that treasury sweep will you get it done by the end of the month >> more color to what the secretary said we're hoping to increase the current number in the letter agreement. you may remember in december 2017 fannie and freddie were allowed to retain 3 billion in capital each we want to raise that significantly and then after that we want to agree to make a change to the underlying share agreement that would hold a whole other host of issues and that would set us on the path of ending conservatorship which we talked about in the past process driven, not calendar driven. >> but the treasury secretary did say that he wants to see taxpayers compensated for this government backstop. that would mean an additional payment to the treasury. fannie and freddie have already paid over $110 billion more than they initially drew. do you feel they need to pay more to treasury >> you may recall under the december 2017 letter agreement that