i was fairly consistent with why vanguard considered -- why vanguard customers come to our company, which is long-term perspective. olivia: why should they keep the space in u.s. equities? volatility in the past couple of days, but we have always suggested to investors to participate in equities market. over a longrkets time comes with the territory of higher volatility. byy times, almost definition, unexpected. we are trying to ensure investors to look through the headlines and emphasize that this is not easy. some investors cannot stomach the sort of volatility. being ablealk about to stomach this volatility, is there any products or services vanguard offers that allows investors to hedge their positions? joe: most important is having a broadly diversified portfolio. clearly, we saw the flight to quality in the last couple of days and high-quality fixed income assets in the u.s. market in particular. many of the arrows that were but not to screen, say equities broadly speaking did not underperform. the more narrow the asset class, the greater the volatility. groups that do a wonderful j

>> a woman called me in the spring and said i work at vanguard.whistleblower complaint and i have problems with their customer account security and i said tell me about it. it took a couple of months to get the whole thing down but there are some problems there. i wouldn't say pull your money out of the firm but there's problems there. >> it sounded like most of the problems were things where they were let too many people through and letting too many errors. if you type your password in, if you type it wrong it's forgiving and allows you in anyway. >> you know these personal security questions, what street did you grow up, what's the name of your cat? so you can, instead of fido for your dog you can write in fidal. so they worked in this -- they allow you two typo. >> forgiveness sort of. >> yeah. and online what the cyber security people tell me is that's a real problem. if you've got somebody using a computer program to try to hack your password it makes it much easier if you have that kind of flexibility. >> now the reason they would allow thes

kanye west promising to make a run for the white house in 2020 while accepting the vanguard award. and justin bieber showing off some dance moves. he had his share of problems. he broke down in tears. the drama continued. the real mic drop of the night in miley cyrus dancing with drag queens. >> these kids and their rock 'n' roll. >> i like the whole off stage drama. >> one of the benefits of waking up to "early start" is not watching those. >>> an urgent meeting happening in europe. leaders trying to solve a huge crisis. migrants and a death toll quickly rising. we're live right after the break. pwhat've we got? 5. bp 64/40 sterilize sites. multiple foreign objects in the body. tweezers. (buzz!) (buzz!) if you're the guy from the operation game, you get operated on. it's what you do. (buzz!) if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. >>> germany, france and britain calling for an urgent meeting of the eu interior ministers to discuss the struggling migrant crisis. the goal to establish welcome centers to house, feed and scr

we had to have a few people in the vanguard. by and large, most of the people hung in there and we won. >> so, we just have to figure out a way. when you get as old as i am, or even before that, that you don't have to live in those kinds of conditions. where you don't have to see the dope addicts and the dope in there. take a dude like this and make be athat he grows up to man. that he can stand tall and get the advantages and opportunities that other people get. trying to get some kind of control for amenities. i think i can do that, don't you think so? >> right on. >> next, a 1971 film the office ofy economic opportunity. the pilot district project, lease training, is a 20 minute documentary showing efforts to change the way the d.c. police officers approach their work area they are shown in a group openly discussing the difficulties confronting them in high crime areas and they then engage in role-play with community representatives to discuss the reactions to these various situations. >> if we cannot talk to the people, we c

let's get more from joe davis, vanguard's global chief economist.re talking about a couple of rules you have. deal with the fact that volatility happens, this is a market, after all and ignore the noise are one and two. number three is, i love it because it tells the average worker who is putting money away with every paycheck how he can make volatility, even days like this, work for him, right? joe: sticking to that investment portfolio. take time out of the equation. it is so difficult to do, even the best active performance managers don't do it consistently or accurately. putting that money to work on a deliberate basis that is consistent with your budget and your long-term goals. historically, that is -- that has outperformed the worst and best asset classes. it is a valid and very time-tested approach. matt: if you take a step back, we are all focused on thousand point drop and biggest absolute point drop ever. up there with the biggest point closes ever on the dow. if you take a look back, even though these markets are , they are still up year

you founded the vanguard group back in 1974. you've been through a lot of white-nuk it will periods like '87, '97, '2008. there are others, of course. how does now compare? >> well, they're all different. let me slightly correct you while i started vanguard in 19. 4, i came into this business at wellington management company in 1951. i've only been around here about 64, 65 years. something like that. >> touche'. >> i've never like any of these big declines. i've gone through i think three 50% declines. this one is nowhere near that and i don't expect it to get that far, but i find them rather unpleasant. but what's happening now, i think, in this current market -- they're all different. one was greatly overpriced bubble back in 2000. then later on the big mortgage crisis, around 2007. this one is the biggest exercise in sheer unadulterated speculation that i ever have seen. it's just speculators not speculating on what they think is going to happen. but what they think other speculators think is going to happen. >> well, what do

to be there because it was just announced that he will receive the vma's highest honor, the video vanguard award. >>> meanwhile, new bachelor and the reaction. i like him but some find this look-alike kind of boring. is he the right choice? >> i think people like me don't get opportunities like this. >> nice guys do finish first. dumped by bachelorette kaitlyn. a huge fan with amy schumer, called to congratulate him. >> i am so excited for you. i hope you find love. do you want to have phone sex right now? >> you have my number. >> he's a gentleman and seems the franchise has been playing it safe. with juan pablo two seasons ago. >> a lot. >> next with prince, he was nice. some maybe but nice. ben on the other hand got the stamp of approval from one of his own competitors. >> he is one of the nicest human beings i've ever met in my entire life. i still wake up in the morning. i go to work. i go to church on sundays and go to lunch. >> some rooting for contestant nick to be the next bachelor. i asked him if he'd consider the job next month. >> it's an opportunity, but i think for me, i'd wa

taylor presenting kanye with the michael jackson video vanguard award.ma moment when kanye rushed onto the stage and protested her award when she got it over beyonce. >> kanye's rambling acceptance speech got a little weird, partly because he admitted he had smoked a little something something to "take the edge off." we'll take a listen to some excerpts. >> when i'm in the grocery store with my daughter and i have a really great conversation about fresh juice, sometimes i feel like i died for the artist's opinion. for artists to be able to have an opinion after they were successful. i don't understand when the biggest album or the biggest video, i still don't -- i've been conflicted, bro. i just wanted people to like me more, as you probably could have guessed by this moment. i have decided in 2020 to run for president. >> wow. that would be very interesting. >> yep. sounds like a rambling dude in the corner of the street. >>> what is up with justin bieber? he performed "where are you now," and his new single "what do you mean," the music and dance were

it came after he won vanguard award and taylor swift is the one who presented him with the award. >> >> so kind of flipping things around. >> did he let her finish, i will let you finish. >> he let her finish. >> they know how to produce a show, don't they. >> vanguard award already, kanye is at that level. >> well, when it comes to music, and then fashion, and did you know before you did his fashion line he learned how to so first. he taught himself. >> i think he can be presidential material. >>> woman says a shark swam right up, and chomped down on her surf board. she thought it was a dolphin. >> we will tell you how she managed to swim and save herself. >> dolphins don't do that. is there an elk in your bed? with sleep number, now there's an adjustment for that. only at a sleep number store. the time is now for the biggest sale of the year, where all beds are on sale! save 50% on the labor day limited edition bed. know better sleep with sleep number. we have two bird perched there do you see the tail of one. that bird has been hanging on for five minutes new in the wind. what a t

many fought for their freedoms, on the vanguard of what looked like a brand new way of journalism. those days are gone. >> the regime wants to control it and does not wants any dissent in the state narrative or political narrative or social narrative or a mistake that they blif hosni mubarak has done. he allowed a marginal freedom from media outlets, and did not appoint social media outlets like facebook and twitter. the reaction is to find a way to control the narrative and control dissent, so that something like january 2011 does not happen again. >> during hosni mubarak, we couldn't criticise the government, touch him or his family. we could criticize the government. right now, we can't criticise the government, or the minister of electricity for not, you know, providing the service. we have reached the point. we can't even. journalists can't bring the stuff up. we can't speck about thinks any more. not even the daily struggles of an average egyptian >>> on the download this week, our viewers on egypt's anti-terror law and the state of journalism there. >> the regime worked hard

therefore, you've got to have good, honest leadership that knows where it wants to go and is in the vanguard position and that's always been true in any revolution. whether it's social, economic, political or armed. >> this is a people's movement. old people. young people. poor people. all of whom live in the third district and it's thot fair for these citizens to have an idea today to deliver be left out. >> unfortunately, in northwest washington, you have some people who are committed to the community and we struggle and we were ek pressing the overwhelming sentiment of most of the people in the third district. >> there's a time that which is wrong for the black community is the most honorable thing to do. >> that's how it operates. ready for the community to get ready through any legitimate structure. the only time that i've seen the community really move and organize was in '68, when they would the orders without community leadership. they burned most of the town down, but through legitimate things, not that it was too diligent. we've got to have a few people, there were some people who

jack vogel founder of vanguard very strong supporter of this rule. we'll hear from a witness shortly who plays in this space every day as a fiduciary working with small investors who tells you when you put your customers' interests first it's great your fo your customers and it's great for business in addition. and a transcript from the house shows there is an interesting thing happening right now. the conversation is shifting from whether to have a best-interest standard to ensuring that a best interest standard can be effectively implemented. i'm heartened by that shift and we welcome any and all suggestions on how to improve le proposed rule to ensure it can be effectively implemented. we've heard and understand concerns that have been raised about issues such as point of sale disclosure, date of retention and mechanics of implementing the best interest standard. and as far as we don't lose sight of our north star we are very flexible on the question of how to get this work done. this is about providing guardrails not straitjackets. it's important

they built up an impressive portfolio with vanguard. and when he was stricken with alzheimer's and could no longer manage the finances, she made an appointment at the bank. they'd used this bank for years. they trusted them. the bank's investment broker told her to liquidate the vanguard portfolio and sold them a very complex, variable annuity to the tune of $650,000. merlin was something like 75 or 78 years old at the time of the sale of this variable annuity. elaine trusted this advice, thought it was in their best interest. the annual fee on that variable annuity. the annual fee was $26,000. and if needed to access the money right away, a 7% surrender charge would cost them more than $45,000. in the end, the broker's conflicted advice cost a hard working family more than $50 thourkds. $50,000. this story is tragic, but not unique. also not illegal because someone concluded that the advice was suitable. conservative estimates by the counsel of economic advisers placed the cost of conflicted advice at more than $17 billion annually. ar

>> he received the vanguard award which is the michael jackson vanguard award which is for a lifetime of work. you would think kanye who is always complaining about not winning anything that he would have an articulate nice speech thing. oh, my god. this was a rambling hot mess. who knows what he was talking about. he admitted to smoking weed before the show, during the speech saying if you guys thought i smoked something, i did. it was very evident. he ended with saying yes, i think in 2020 i'm going to run for president. there are all these kanye for president 2020. >> he kept going off on miley cyrus. what was that about? >> the night was a hot mess but this was the most authentic moment. nicki goes, and let me call out this b word talking about miley and saying don't talk about me in your interviews. she says what's good, like miley meet me in the parking lot basically. >> trending, hot mess. >> sounds like a legitimate beef. >> it was. it was kind of amazing. miley looked scared. she was like, um, next up. >> there's that. on that note, thanks so much. >> trending hot mess. thank

west received the video vanguard award at the award show. still ahead. bay area teenager accuses a modeling recruiter of sexually assaulting him. what his mother is saying about the alleged attack. plus. a dog is recovering after being attacked by a coyote. how his owner is raising money to keep the pup alive. >> brian :a nice weekend around the bay area with temperatures today i will have your forecast coming out >> vicki : a teenager eager to be a part of bay area fashion week is accusing a model recruiter of sexually assaulting him. that boy remains in the hospital tonight. kron 4's alecia reid spoke with the teen's mother, who believes there are more victims out there. >> alecia :directing a photo shoot as models prepare for bay area fashion week, roger francisco is accused of sexually assaulting a male model that showed up to his office on friday. he's donning shades with a busted lip, and bruises on his face. i sat down with the alleged victim's mother who didn't want to show her face on camera in order to protect her son's identityshe says after f

. >> kanye west was honored with this year's video vanguard award and made a surprising announcemente dropping the mic. >> and, yes. as you probably could have guessed by this moment, i have decided in 2020, to run for president. >>> kim sarafim joins me to talk about the mtv music awards. let's start with kanye west accepting his lifetime achievement award from taylor swift. >> you knew with miley hosting and kanye getting the video vanguard award that something was going to happen. he did not disappoint. his speech went on and on and on and we had a nice intro from staler swift to call back the moment we remember when kanye interrupted her accepting her award. she talked about his album being the first he ever bought and he went on from his daughter -- he doesn't like mtv. he called out award shows. and he was saying things about mtv and talked about his daughter. it was bizarre but we know he is running for president in 2020. get your campaign stickers and buttons ready. >> in case anyone missed it. miley cyrus hosted the awards in multiple jaw-dropping outfits and shocked everyon

. >> kanye west received michael jackson video vanguard award and you may call his acceptance speech a campaign speech of sorts. check out how he ended it. >> and yes, as you probably could have guessed by this moment, i have decided in 2020 to run for president. >> i think the people extremely excited for a kanye west presidency. i think, of course. cnbc's landen dowdy joins us on a monday. >> hey, how did you know? traders reacting to a drop in chi china's markets with today with shanghai sliding 3%. investors will be looking forward to friday. >>> netflix is out. hulu is in. "hunger games" and "transformers" will move to hulu after netflix decides not to renew its deal with the cable channel. apple will cost more. it will cost $149 or $199 more than double the price of the current version including siri and an app store. >> and fingers crossed for a less exciting week in wall street. >> you said it. >>> to lewisburg, pennsylvania, taking on tokyo in the championship. rips one to right field. that's a grand slam, folks. couple of batters later, jaden hinlein with a homer. pennsylva

she then presented west with the michael jackson video vanguard award. west gave a 10-minute speech and said he is running for president in 2020. >>> elise finch has a look at the forecast. >> i've got your forecast and it won't take me 10 minutes to give it to you. [ laughter ] temperatures and humidity both on the rise. if you stepped outside you know. let's take a look at our current. 75 degrees in central park, same for the hamptons and belmar. 70 for sparta. 77 in greenwich. take a look at the relative humidity. 90% for white plains and greenwich. 94% humidity in monticello. this is what you can expect. cloudy, mild, muggy tonight. we do have a steamy start to the work week. a second heat wave of the summer is possible this week and we really don't have much relief in sight by way of cooler temperatures. we have a couple chances for scattered showers, maybe a thunderstorm, but still doesn't manage to cool things down. here's your vortex satellite and radar, shows some of the cloud cover moving in. 92 degrees, the forecast high. we're expecting to hi

joe davis with vanguard. a $13 billion buyout in the energy central. the service think provider will buy cameron international amid the downturn of prices. the deal comes at a time of increased consolidation in the industry as companies cut back on spending and try to shield themselves from plummeting crude oil prices. speaker of which gasoline prices also dropping which would make it an odd time for an auto maker to run on a new car that doesn't run on gas. that's what toyota is doing. we'll bring that you story a little while in the program. >>> falling oil prices. the offshore rig operator plags to stop investors pay yous as the fall in crude prices weakens demand for drill bits. investors will be asked to approve the cancellation of the final two did i have denied payments of the year. shares fell almost 5%. >>> coming up, the affordable care act back lash. why a looming employer tax could be a big burden for companies and consumers. >>> as individual investors grow concern about their retirement accounts, boeing has reached a provisional settlemen

. >> kanye west received a michael jackson vanguard video award and might call his acceptance speech a campaign speech of sorts. check out how he ended it. >> yes. as you probably could of guessed by this moment, i have decided in 2020 to run for president! >> he is the only logical conclusion. >>> little league world series. pennsylvania taking on japan. bottom of the first this is ripped to right field for a grand slam. a couple of batters later, henline with a three-run home run and pennsylvania leads 10-2. game over, right? wrong! japan erases a deficit and pounding out 22 hits, including five homers, to beat pennsylvania. 18-11. the tenth title for japan. the fourth in the last six years. when you're up, you're up. >> i was rooting for those kids. they were great hitters. >> unfortunately, they didn't make it. >> they are still our national champs so good for them. >> fortunately for a large part of hawaii, they won't get as much as we thought but still have to be ready. >> large waves for the surfers. scary over the weekend. four major hurricanes at the same time. 15 years taki

groups are based -- it is a huge who to president al-sisi, has talked about being on the kind of vanguard of the region in terms of fighting extremism. it really does show that they .re setting up their activities before they had been largely confined to the sinai peninsula and attacking egyptian security forces. this is the first time they really targeted a foreign national. we did hear some rumblings in december where the isis twitter accounts claimed to have kidnapped william henderson, an american oil worker whose body was found in the desert in egypt but they only treated his photos -- tweeted photos of his passport and id so it was not actual confirmation that they were behind his death. this is quite a clear picture, gruesome image of the killing of the croatian national, kidnapped. trew, thank you very much and a good we seem to have lysed -- thank you very much. we seem to have lost contact at the end of the interview. houses have been locked in a foot -- thousands have been locked in a football stadium in a greek island. this is the situation of migrants in the middle east to ou

. >> kanye west received a michael jackson vanguard video award and might call his acceptance speech a campaign speech of sorts. check out how he ended it. >> yes. as you probably could of guessed by this moment, i have decided in 2020 to run for president! >>> little league world series. pennsylvania taking on japan. bottom of the first bases loaded and ripped one to right field for a grand slam. a couple of batters later, henline with a three-run home run and pennsylvania leads 10-2. game over, right? seems like it. wrong! japan erases a deficit and pounding out 22 hits, including five homers, to beat pennsylvania. 18-11. the tenth title for japan. the fourth in the last six years. it's been a pretty wild scene in the pacific. here is nbc meteorologist bill karins. >> people in hawaii have been dodging one hurricane after another this weekend. we had three this weekend. we had three category four hurricanes all at the same time in the central and eastern basin. that's never happened before in the 50 years we've been recording the pictures from outer space. we have hurricane kilo no

okay >>> 70 years ago paul's grandfather dropped the atomic bond on hiroshima, today he is on the vanguard of the nuclear force. his unique perspective >>> climate change is melting glaciers faster than ever. >>> a new analysis of 5,000 records show glaciers melting at an unpress dinted rate accord -- unprecedented rate showing that they are losing 2-3 times more ice in this century. global temperatures are believed to have been prison by 1 degree celcius. japan will mark 70 years since the u.s. dropped an asymptomatic bomb on hiroshima. today the grandson of the pilot that bombed hiroshima is in charge of b 2 bombers. al jazeera's john hendren talked with brigadier paul tippets the fourth about his family legacy and the role of the american nuclear arsenal. >> brigadier general paul tippets went to the cockpit of a dangerous plane to the commander's office, it's a familiar path in his family. 70 years ago his graf paul tippets's junior unleashed the age of nuclear weapons when he opened the doors of a plane named for his mother. he dropped a pay load devastating hiroshima. >> there was no

swift presented him with the show's highest honor, the vanguard award.er a lengthy standing ovation, west made amends for the infamous mike grab moment and admitted, quote, he he rolled up a little something before the show. >> i think about when i'm in the grocery store with my daughter and i have a really great conversation about fresh juice at the -- you know? and at the end they say, oh, you're not that bad after all. i think if i had to do it all again, what would i have done? if i had a daughter at that time, would i have went on stage and grabbed the mike from someone else's? after that night, the stage was gone but the affect that it had on people remained. i don't know what's going to happen tonight. i don't know what's going to happen tomorrow, bro. but all i can say to my artists, my fellow artists, just worry how you feel at the time, man. this is a new mentality. we not gonna control our kids with brands. we not gonna teach low self esteem and hate to our kids. we're gonna teach our kids that they can be something. we're gonna teach our kids

. >> he received the coveted video vanguard award from one-time foe taylor swift.d die for what he believes in. and really didn't understand awards show. >> as you probably could have guessed by this moment, i have decided in 2020 to run for president. [ cheers and applause ] >> you know, it's never too early to start making plans, right? >> why wait. maybe he with get on the ticket with trump. >> there's a thought. west implied he got high before the show started. >> ah, blame it on that, huh? >> the night started out with a big surprise. taylor swift and nicki minaj were singing together. first, miniimagine the's "the night is still young." and then swift's song "bad blood." >> the two got into a highly publicized spat on twitter after nicki was snubbed after nominations came out. they ended the duet hugging. >> minaj started a new feud with miley cyrus. she called out host miley cyrus. >> apparently upset of an interview cyrus gave. cyrus tried to smooth things over. we're not sure if it worked. >> i don't know, it had the feel of wwe. >> totally. >> was this re

not just the day laborers initiative but, really, the entire last year and a half with this really vanguard of latino power. melissa mark-viverito, our speaker, julissa ferreras-copeland, our finance chair, me as immigration chair, and all the latino power has really kind of thought about how we're changing workforce standards. we just passed car wash accountability act that brings the levels of wages and environmental conditions. >> okay. >> so we're trying to create a way for more people to enter the job workforce. >> when we come back, i want to ask you about two initiatives -- idnyc, which is being mimicked by another big city in our neighborhood, and also pbnyc. so sit tight. we'll talk about that. we'll continue our discussion with council member carlos menchaca after the break. and our "tiempo" community calendar -- highlighting upcoming latino events in your area. grab your pencil and paper. when we come back. join the millions who have already switched. we switched. and now, we're streaming netflix. who knew time warner cable's internet was so fast! mom switched. and now, we can wa

rapper kanye west announced his presidential bid as he was honored with mtv's video vanguard award. the honor was presented by taylor swift. kanye, you remember infamously interrupted her when she beat out beyonce. it was a big night for swift. she took home the biggest honor, the award for best video. the host was miley cyrus. known for a few vma moments much her own. >> taylor did a duet with nicki minaj to put to rest -- we have to duet. >> we had a twitter beef, right? >> we'll do a duet in a bit. >> we do a duet every day. >> that's right. 4:51 right now. still to come, it may not occur to you, doctors recommend parents tell their kids before you even turn ten years old. >>> she's sort of a sanitation scientist. why one woman is spending her days going through our garbage. >>> hear what a surfer was thinking when a shark took a bite out of her surfboard. you're watching "today in new york." >>> welcome back. 4:54. 77 degrees. it's monday morning. last day of august. it was pointed out earlier. >> it doesn't feel like it. feels like july-ish today. >>> hot. >> hot stuff and mugg

years after kanye west interrupted her acceptance speech, taylor swift presented kanye with the vanguardas had one of the greatest carreers of all time. at the end after nearly ten minute except tan speech, kanye announced he has his eyes on the white house. >> i have decided in 2020 to run for president. >> ♪ >> and the win is her taylor swift. >> taylor swift was the big winner of the night. taking home four moon men including the most coveted prize, video of the year. >> while the vma's are about some incredible performances and of course wins, half of the magic happens before the show even starts. nick jonas crushed the carpet with his performance of levels, flanked by dancers and space helmets. space was theme on the carpet. >> we had a vision after seeing miley's commercials, seeing all of the social media element of the vma's this year, we wanted to be futuristic barbies. >> cheers with the fans, even little rapping. >> watch me. watch me. watch me whip whip. now watch me naenae. >> oh, okay, well, that was suzanne marquez reporting. i love space was the theme last night. of cours

therefore, you've got to have good, honest leadership that knows where it wants to go and is in the vanguard position and that's always been true in any revolution. whether it's social, economic, political or armed. >> this is a people's movement. old people. young people. poor people. all of whom live in the third district and it's thot fair for these citizens to have an idea today to deliver be left out. >> unfortunately, in northwest washington, you have some people who are committed to the community and we struggle and we were ek pressing the overwhelming sentiment of most of the people in the third district. >> there's a time that which is wrong for the black community is the most honorable thing to do. >> that's how it operates. ready for the community to get ready through any legitimate structure. the only time that i've seen the community really move and organize was in '68, when they would the orders without community leadership. they burned most of the town down, but through legitimate things, not that it was too diligent. we've got to have a few people, there were some people who

. >> when you get the vanguard award they give you ten minutes. it is a good use of the time. kanye didn't want to perform. he wanted to talk. interesting he threw justin timberlake under the bus a little bit. greg: all right, here sa is a little bit. >> you are probably wondering if i smoked anything before i came out here. yes, i knocked the edge off. and yes, as you probably could have guessed by this moment i have decided in 2020 to run for president. teresa: okay i didn't get that. >> that is making the headlines, but kim laughed when she said it. kris jenner thinking it is great. he showed what a super star. he stood and accepted the applause. greg: it was boring. anna: no, i was locked on the tv. i didn't know what he was going to say next. greg: were you on something, come on? anna: coffee. i loved it. teresa: talk about the whole nicki thing. >> about being not nominated for the big award of the night. greg: an it will m exchange, getting tense, watch. >> and now -- back to -- a lot to say about me in the press, miley's what's good? >> hey, we are all in the industry

and that is said by john bogle who founded vanguard funds. if the markets are in turmoil, you may do better to hold your fire and waiting until things calm down a bit. >> we'll see what happens. thank you. >>> the economy will be a key factor in the presidential race. 30 percent of the voters consider it the top issue in the country in the fox news poll and terrorism and health care tying for second place. we'll talk about it with david rucker. senior correspondent for the washington examiner. >> it is, jon, it is always this way and it is going to be this way, it will be interesting to see if the concern about u.s. markets and world markets gets the presidential race back to where it was always going to end up. >> i heard that, i am sorry that josh earnest, the president's spokesman is asked about the issue in the white house and kind of down played it that it was a china issue that our markets are being dragged down by president. and suggest that the president's economic policies have nothing to do with this. how right is he? >> i think the

that is francine's vanguard of the day. if you could do one thing this weekend -- that stanley fischer speech, would that be at? manus: stanley fischer's role is to guide forward in terms of the perception of where we are with the fed. the window is closing. don't -- jonathan: manus cranny after the break -- don't miss it. that's it for me, wrapping up an incredibly volatile week. it's almost over. i'm on twitter. best of luck for the final trading day of this crazy, crazy trading week. ♪ francine: the rally continues. u.s.ean, and asian and markets. we discuss extreme market movements. manus: focus on france. exclusive interview the economy minister says he will keep an eye on china slowed down but insists it will not threaten his country's recovery. francine: let the good times roll. data shows consumer confidence at a 15 year high in the u.k.

. >> juliet: kanye west accepted the vanguard award which is the equivalent of a lifetime achievement award. >> ben: it was presented to him by that none other than taylor swift. >> and connie fashion he gave a rambling speech which by the way he never said thank you. he said he also smoked a little something before the show to take the edge off. and then he said this. >> yeah, as you probably couldn't guess by this moment, i have have decided, in 2022 run for president. >> he really announced in early. >> ben: yes and he never once said thank you for the award. >> juliet: okay, we'll take a quick break, at 6:26 am. got a run. >> ben: will check in on the market when we come back. if you struggle with type 2 diabetes, you're certainly not alone. fortunately, many have found a different kind of medicine that lowers blood sugar. rimagine what it would be like to love your numbers. discover once-daily invokana . it's the #1 prescribed in the newest class p of medicines that work with the kidneys to lower a1c. rinvokana is used along with diet and exercise tto significantly lower blood su

cory: is it all vanguard etf's? >> mostly. for every asset class, we pick multiple etf's.ok at the expense ratio, the tracking caret wrist x -- characteristics. cory: did you see a lot of inflows or outflows? >> we had a huge increase in sign-ups, so it has been phenomenal coming off an incredibly strong july. the more people see volatility in the market and the more they realize they should not be able to do this themselves and they should use an automated service. robo-advisors, we will be keeping track of them. olivia: thank you so much. that was cory johnson speaking with adam nash, the ceo of wealth front. pimm: coming up, you heard of china's fake rolexes? olivia: now, there is a fake goldman sachs. we are not making this up. that is after the break. ♪ olivia: china has been accused of producing plenty of knockoffs over the years. they can backs. also these fake watches. course, let's not forget the pirated movies. now, you can add goldman sachs to the list of things that have been ripped off in china. pimm: this has nothing to do with the goldman sachs in the united

therefore, you've got to have good, honest leadership that knows where it wants to go and is in the vanguard position and that's always been true in any revolution. whether it's social, economic, political or armed. >> this is a people's movement. old people. young people. poor people. all of whom live in the third district and it's thot fair for these citizens to have an idea today to deliver be left out. >> unfortunately, in northwest washington, you have some people who are committed to the community and we struggle and we were ek pressing the overwhelming sentiment of most of the people in the third district. >> there's a time that which is wrong for the black community is the most honorable thing to do. >> that's how it operates. ready for the community to get ready through any legitimate structure. the only time that i've seen the community really move and organize was in '68, when they would the orders without community leadership. they burned most of the town down, but through legitimate things, not that it was too diligent. we've got to have a few people, there were some people who

he was honored with the michael jackson video vanguard award. he admitted his rambles were high on marijuana. >> if he is 0 on a role why not run for president next year. >> meebltion karen rogers is preparing us for another heat wave. >> new this morning, police arrest a local man for posing as one of their own. ♪ hey! let me help with that. oh, thank you! ♪ introducing the one-and-only volkswagen golf sportwagen. the sportier utility vehicle. >> happening now on "action news," the humidity is back and so is the chance for another heat wave. >> a suspect is in custody awaiting a charges in a hit-and-run that killed an off-duty police officer. >>> terminal take down a man is arrested after sneaking by a security screening at newark liberty airport. >> good morning, 6:30, monday, august 31. david murphy is off, let's find out what's going on with accuweather and karen rogers. matt pellman is watching the roads good morning. >> reporter: good morning, we're starting with clouds up above, we have spotty showers let's look at storm tracker 6 live do