or we have to spend a lot more money catching up later on so we would rather be in the vanguard of what is happening understand the technology and be part of this momentum these are great words but i still don't understand how countries that are completely dependent economically on you know fossil fuels like the gulf states or norway or venezuela or nigeria they really do not going to give up their economic like livelihood right i mean based in abu dhabi headquarters. it's a very progressive oil based economy they have just launched their new energy strategy to twenty fifty. the objective of their energy strategy for twenty fifty seventy percent decoupling as nation of their economy and forty four percent renewable energy in their power generation by twenty fifty now currently it's you know over ninety percent hydrocarbons. what their strategy is talking about is that they see an economic advantage to investing in renewable power generation which is now by the way the cheapest source where you have good potential it's the cheapest source of power generation but they're looking at their

peter head of investment strategy europe vanguard management joining me now. is it too late to go into safe havens to protect yourself against this kind of geopolitical risk? >> i think it's very difficult to time this political risk at the moment especially because there's so much political risk out there at the moment investors over the last couple of years have been bombarded by a range of different political events brexit, trump, now north korea and being able to predict them in advance is difficult enough but even after the event knowing which way it's going to jump as a result has proved very difficult. so i'm very wary of investors dealing with the problems. >> is there a case for always having some proportion of your assets invested in gold and yen in the swiss and also equally in cash because you never know what might come up. >> i'm not a great fan of having that sort of big safe element of the portfolio. we think that for longer term investors, having a diversified portfolio, that we'll have a market share cap but we think trying to second guess the

guest: vanguard always looks at both sides of the trade.ma from vanguard says they will the looking in the months ahead if inflation starts to move, they may buy some tips. blackrock has said they like the value trade. they have said the market is too optimistic on -- and pessimistic on you take inflation outlook in europe. they think that breakevens will move higher. vonnie: what about looking at other markets? the cbs markets, we are at practically all-time lows. guest: it is a global market and all bleeds together, but we are seeing some growth improvement in europe, and inflations continue to be higher, the economy could pick up, that will leave to global growth for everyone. 70'sne is screaming 19 inflation here, but maybe the pendulum has swung too for the other way. vonnie: thank you to liz mccormick. let's take you to first word news. reporter: another blow to the u.k.'s economy. british consumers cut back on spending for the third month in a row. 0.1% from a year ago. inflation has been running faster than wage growth. -- this kore

we know he is part of a group called vanguard america, a group that espouses white supremacist views.'s unclear whether there is some conspiracy afoot, whether there are other acts that may be under way. we need the justice department in this case right now to send a strong signal to all of the alt-right and white supremacist organizers that were on the ground yesterday, that if you commit violence, if you commit a hate crime, the federal government will come down on you and investigate and prosecute to the fullest extent permissible under law. >> this group, vanguard america, said fields is not a member of the group. we reported that earlier today, but does that even matter? what do we know about whether or not he is a so-called terrorist, whether or not this is considered a lone wolf attack. we've heard so many times in past incidents, you know, where is that line when we call this domestic terrorism and truly a hate crime? >> if there is one word that doesn't matter right now, it's the word of people who are out marching violently yesterday. there are a lot of unanswered questions,

. -- th from: peter westaway is vanguard asset services. he is with us.raghi has a better scenario on his hand. has a strong european economy. he also has a strong euro. i want to talk about the american side. he think he will go to jackson hole and let it pass by as a damp squid. is this something to do with the euro? peter: i think the experience of his speech a couple months ago when the market got overexcited and probably overreacted, i think he has been twice shy and will be more careful. i don't think there is any doubt there won't toer be more color around what they are going to do. the ecb will announce eventually slowing down of rates and adding assets to their balance sheet. the u.s. is literally withdrawing stimulus. discussions like this equate the two as if they are the same. there is a big gap between what they are doing. anna: they are a long way behind in terms of unwinding the stimulus. talking about what happened. he is going to be mindful of what happened in june. maybe he stays away from that, but he will have to present some assessmen

they are both competing to be the vanguard for that ideological movement. and it is the movement itself which is the enemy we must fight. now, that's challenging for policymakers. how do you fight a movement? there is nothing tangible about it except for its ideology. you can't hit a ideology with a kinetic action. they come back and say, there's nothing to strike. there's not a leadership cell. there is not a network to disrupt. there's not terrain to take back from a movement. and so i would say over the past 15, even longer, years, we have defined the enemy as groups, as networks, as individuals. we've confined ourselves by our policy definitions, such that we can actually go after an enemy that we've defined and use the policy tools that we've built to go after that enemy. when you think about that, then, we aren't actually fighting the salafi jihadi movement writ large. i would say it is much stronger today than it's ever been. it's escalated in strength over the past five years in an exponential fashion. it is not going to be set back by the defeat of

it's not passive in and of itself so is vanguard posing a threat to traditional asset managers? 100% but it's also posing a threat to other passives >> i read his comments just a little bit differently you're drawing a distinction between active management and passive management i look at eliot singer as an activist, who is a distinct subset of active managers. i mean, remember, this is the guy who went after argentina -- >> paul singer >> who'd i say >> eliot singer. >> excuse me >> the name of the firm's eliot. >> thank you very much but the point i read in his article is, look, it's harder for a guy like him to go in and actually activate on a board, because on the proxy list for just about every company, the top holder is vanguard it just makes it harder for him to get in there and do the activist thing >> there's one misconception, though, and that is that black rock, fidelity, vanguard, state street are doing nothing when they get proxies, they're throwing them in the garbage like most people >> they're following glass/steagall >> not to the letter anymore >> last few word

you 12 will be part of our vanguard. you are the heroes. you are the patriots, the trail blazers in the best american tradition and i know you are humbled to be among that group. to the 12 members of this class of american astronauts, i say congratulations. you have already captured the respect and admiration of your peers, and as you lift off the launchpad to boldly go, you will capture the imagination of your nation and the world. and i believe with all of my heart that when you go you will not go alone. for as the psalmist teaches us, if you rise on the wings of the dawn and go up to the heavens, even there his hand will guide you and his right hand will hold you fast. as you again this journey, know that you will be carried by grace and by the prayers of the american people. godspeed to the class of 2017. may god guide and bless you. may god bless nasa and the united states. [cheers and applause] [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for

blank rock and vanguard think the market -- black rock and vanguard think the architect it wrong.mark, donald trump's new chief of staff, john kelly. -- viva lafronts france. this is "bloomberg surveillance ." i am francine lacqua in london and david gura in new york. david: monday after monday, it is a regular thing it seems like. francine: we are looking at opec and crude oil and all the market inflation. and then the world of politics. it: the white house moving up to western new jersey. continues toe flow. francine: we will go through that. let's get to bloomberg first word news. taylor: north korea is vowing harsh retaliation over the united nations sanctions. kim jong-un plus regime "thousandfold revenge" attacks against the united states. down in venezuela, president nicolas maduro is claiming victory after what a -- he on ad a terrorist attack military base. the military says attackers confessed they were working on opposition -- backed by foreign governments. theresa may's office is dismissing a report that come -- the country will pay to leave the e.u. a government offic

another fly performance to expect, vanguard award recipient pink. >> her performance going to be epicnine other performances, including kendrick lamar, and d.n.c.e. with rod stewart. also expect big things from 30 seconds to mars. >> we're doing something that's never been done before. keep anything you can cross, cross them, because it's going to be difficult to pull off. >> i'm stephen colbert, and i'm hosting the 2017 emmy awards. >> we went behind the scenes as he prepped, and clearly, he's not afraid to go there. >> a little behind the scenes. hello. >> he's previously won nine e y emm emmys. >> we're all very happy, aren't we? we're happy. >> he's been shooting promos, and you know he'll bring his famous wit. >> there has been a lot of hacking, so i've had my assistant place all the envelopes in this giant safe. you okay in there? >> no. >> only a couple more weeks. >> we just hope he avoids a wardrobe malfunction. >> has anyone seen my tuxedo? i know where i left it. >>> up next, our exclusive with the property brothers. >> a 15-foot outdoor movie screen. >> only "e.t." can tak

the command of the vanguard consisting of 50 men was given to captain washington. lieutenant monroe promptly offered services under him which promptly accepted. the 25th of december 1776 they passed the delaware in the dusk of the evening 10 miles above trenton. the road by which they descended intersected that which lead from trenton to princeton for obedience of orders of cutting off all communication between them and from the country to trenton. mr. monroe can be guilty of a run-on sentence every now and then. he noted that the night was come pech yous. describing the instant many years later at a white house dinner monroe recalled that the man whose name was john reicher was, quote, determined in this manner and very profane. he brought food from his house and said to monroe, i know something is to be done and i'm going with you. i'm a doctor and i may help some poor fellow. the main army's river crossing took longer than planned meaning that the attack would occur well after sun up. outside the town washington divided his force sending a division commanded by

the whole ceiling is built around a another fly performance to expect, vanguard award recipient pink. performance going to be epic. >> expect nine other performances, including kendrick lamar, and d.n.c.e. with rod stewart. they'll perform this classic ♪ if you want my body and you think i'm sexy ♪ also expect big things from 30 seconds to mars. the band's oscar winning front man jared leto gave "e.t." this tease. >> we're doing something that's never been done before. keep anything you can cross, cross them, because it's going to be difficult to pull off. >> i'm stephen colbert, and i'm hosting the 2017 emmy awards. >> that's right tv's biggest night the emmys is less than a month away. and you know steven colbert will have some tricks up his sleeve. >> we went behind the scenes as he prepped, and clearly, he's not afraid to go there. >> a little behind the scenes. hello. previously won nine emmys for his work on the daily show and the colbert report. >> we're all very happy, aren't we? we're happy. >> he's been shooting promos, and you know he'll bring his famous wit. >> there has b

vanguard is very easy to get to. i just want to go with warren buffett, the greatest investor why? well, warren buffett, what am i going to do, argue with him? that's never been a great call no more excuses. i'm helping you form the necessary investing stages you need tonight from young to old, i'm going to meet you where you are and take you where you need to be on "mad money" tonight, we're kicking things off by beginning in the crib. here are the two stocks you should be buying the teenagers typically have a lot to learn, but there's an important investing lesson everyone can get from this, as well plus, from your 20s to golden years, by guide to where your money should be sitting at any age. stay with cramer >> don't miss a second of "mad money. follow @jimcramer at twitter have a question? tweet cramer at #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.Ñ experience uncompromising performance at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo fo

blackrock, vanguard group, and t.ice have lowered their valuations of uber by as much as 15%. most of this year, the company has faced a persistent drumbeat of bad news including court battles. this on top of an ongoing c.e.o. search after travis kalanick was ousted in june. uber has held up its $69 billion valuation. they are a transformational, once in a generation company. making uber seem less viable -- valuable than it is may scare off future investors. newcomer joined us to talk about the newest development. >> the mutual funds marking down uber, 15% vanguard. by several percentage points, it is a useful sign. especially as this big softbank deal gets done, and we do not know what the valuation is of the secondary shares that are going to be bought. people doing the selling, having these professional assessments of valuation could give them a guidance. emily: you have been reporting about new investor interest. is it happening at that $69 billion valuation? is it significant that the evaluation would be flat and

. ♪ >> vma's vanguard winner, pink, unleashed a huge rebel yell with her 2006 grammy nominated hit, " >> she parodied both jessica mpsis son'se"thets boo m areade folkr wain'" video and paris hilton's sex tape. the message? well it's pretty straight forward. ♪ i dont want to be a stupid girl ♪ >> it's open for your own interpretation. that's what i like to do with songs. ♪ why you so obsessed me >> and in 2009, mariah denied rapper eminem's claims of a hookup in the most epic of ways. ♪ lyin' that you're sexin' me when everybody knows ♪ >> "obsessed" featured an eminem doppelganger, who is actually mariah, and mimi leaves him brokenhearted in front of her shrine. >> it could be about whoever whoever is obsessed with me. i don't know. >> those are all good, but i have to add a couple to the list. alanis morrisette, 'you ought to know," and they come from the >>> it's nothing but love between the backstreet boys and florida georgia line, and only we were backstage with the guys before their cmt cross roads special in nashville. ♪ ♪ oh, my god we're back again >> we are family now, you k

. >> pink took home tonight's highest honor, the michael jackson vanguard award.ut her speech was an ode to her daughter, willow. >> recently, i was driving my daughter to school, and she said to me, i'm the ugliest girl i know. yeah, i look like a boy with long hair, and my brain went to, oh, my god. you're 6. where is this coming from? sid, when people make fun of me, that's what they use. they say i look like a boy, and i said to her, do you see me growing my hair? she said, no, mama. do you see me changing my body? no, mama. do you see me selling out arenas all over the world? yes, mama. baby girl, we don't change. we take the gravel and the shell and we make a pearl and we help other people to change so they can see more kinds of beauty. >> what does it mean to have her here seeing you get this award? >> everything. having my girl in a three-piece suit. i'm happy. >> how proud of your mommy are you? >> very. >> very proud? >> awe. >> now that's a mommy-daughter duo. >>> now to the stuff you didn't see. there was plenty of star shade to go around, and even som

today the mom of 6-year-old willow and 7-month-old jameson will be receiving the michael jackson vanguard and she will be (pam) now at 8. we are tracking breaking news out of the south bay tonight(grant) three people are dead after a fire at a mobile home park. it happened at the golden wheel mobile home park in san jose. the fast-burning fire started this afternoon and was knocked down within a half hour. but again --- not before it turned deadly.(pam) kron-4's charles clifford joins us live from where it happened. charles a fire has killed three people including two children. it happened at the golden wheel mobile home park the fast- burning fire started this afternoon and was knocked down within a half hour. but again --- not before it turned deadly. fire officials say a grandfather

now we're going to look at was that precipitated by a feeling of prejudice, and such is this vanguard america group, that's a perfect example of evidence that shows this man had bias in his heart. >> joyce, let me go to you, because fields was charged with several things. one count of second-degree murder, three counts of malicious wounding, and one count of hit and run, intended failure to stop with injury. can james alex fields jr. legally be charged, given the evidence that we've seen so far with domestic terrorism? >> so, these charges, the state charges, were filed in order to hold field in custody for this period of time, to ensure that he couldn't get away from the scrutiny of law enforcement. now what we'll see will be a combined federal and state investigation into the facts and a determination into whether or not this is a state murder charge or whether we do have that additional increment of animus, racial or civil rights motivated animus that would put it in the category of a federal civil right civil rights crime. you asked an interesting question about domestic terrorism

face a threat and that's because these groups draw strongly on an and they are competing to be the vanguard for that ideological movement, and it is the movement itself which is the enemy we must fight. that's challenging for policy makers how do you fight a movement? there's nothing tangible except for an ideology can hit and you witht hit an ideology action. so they come back and say there's nothing to strike. there is not a leadership cell, there's not a network to disrupt, there's not to strain -- not terrain to take back from the movement. so i would say over the past 15 or even longer years, we have defined the enemy as groups, networks and individuals and we have confined ourselves by policy definitions such that we can go after an enemy we can find and use the policy tools to go after that enemy. when we think about that, we are not actually fighting the movement writ large. would say it's much stronger today than it has ever been and has escalated in strength in annex national fashion. it is not going to be set back by the feet of isis. it has the momentum and will continue to have

>> think performed a medley of her hits and gave a speech of accepting the michael jackson video vanguard award. >>> taylor swift video is breaking records. her lyric video smashed a youtube record with 19 million views on saturday alone. spotify said the song was streamed 8 million times setting a new same day record this is a single off the new album reputation out in november. >>> at the box office, hit man body guard tells the story how the world's top protection agency is called upon to guard his mortal enemy. >>> anabell creation was number two and leap came in third. we demand a lot from our eyes every day. i should know. i have chronic dry eye caused by reduced tear production due to inflammation. so i use restasis multidose. it helps me make more of my own tears, with continued use, twice a day, every day. restasis multidose helps increase your eyes' natural ability to produce tears, which may be reduced by inflammation due to chronic dry eye. restasis multidose did not increase tear production in patients using anti-inflammatory eye drops or tear duct plugs. to help avoid eye in

pink performed a medley of her hits and gave the speech after accepting the michael jackson video vanguardm kardashian joins rye i can't know sea crest on "live with kelly and ryan" today as the guest host you can watch it on 6abc at 9:00 a.m. >>> our coverage on the historic flooding in south texas continues. and local effort going there to help. those stories and moo when "action news" continues. fios is not cable. we're a 100% fiber optic network. and with the new fios gigabit connection... you get our fastest... internet ever. with download speeds up to 940 megs - 20 times faster than most people have. switch to fios gigabit connection with tv and phone for $79.99 a month online for the first year. plus hbo for one year and multi-room dvr service for two years, all with a two-year agreement. and switching has never been easier. get out of your contract with up to a $500 credit to help cover your early termination fee. go to fiosgigabit.com >> now on "action news" disaster in texas torrential rains continue at this moment as rescuers work around the clock. >> sending relief, response te

that's three times less than fidelity... ...and four times less than vanguard.xt, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. one laugh, and hello so i tried always discreet. i didn't think protection this thin could work. but the super absorbent core turns liquid to gel. snap! so it's out of sight... ...and out of mind. always discreet. for bladder leaks. maria: now a look at some of the big market event that could impact your money. housing data out next week. manufacturing pmi is typically a market mover. earnings season is wrapping up, but there are still a few to report. toll brothers and tiffany. coming up next week on "wall street week," some of the brightest mind in the startup world will sit down for the state of the technology industry, the state of entrepreneurialism and the startup area. is it better to stay private? we'll see you sunday morning for "sun

blackrock and vanguard said the market is underpricing the coming inflation impulse. markets european open. i'm matt miller in berlin alongside guy johnson at european headquarters in london. hard to get excited about whether markets are going. we have upped the ante a little bit. we are positive we are not up by much, a bite 3/10 of 1%. the market perform -- the cap performed well on monday. france is working with germany and others on the polls to allow come they giants to minimize taxes. that is the message from emmanuel macron's comedy minister. he gave the first international television interview since the election. >> it's always the same strategy based on a level playing field. based on civil's for everybody. when you are doing business in france or europe, he have to pay taxes. you cannot take the benefits of doing business in france or in europe without paying the taxes that other companies, french or european companies, are paying in europe or in france. the same rules for all the companies and for all the states. >> does that mean you want to lower it the c

according to portfolio holdings, vanguard, hartford and t.r. price have overcut their investment by as much as 50%. uber is currently looking for a new ceo. since uber is a private company, its formalization rate changes for investors. they are used as proxies in investment sentiment. >>> american eagle shares soar. the teen clothing retail reported higher revenue helped in part by the company's strong area brand. the sales also beats street estimates. shares rows nearly 8% to 1208. revenues at top expectations. suggested profit was better than expected as well. the company also said it's making efforts to drive more traffic to its stores. the shares soared 19% to $6.56. >>> the medical device striker cut its earnings for the full year after saying it was voluntarily recalling some of its oral care products due to cross-contamination concerns. striker says it has discontinued business with the third party seller that made those products. the company said it expects to resume shipment of the merchandise next month. shares fell nearly 5% to 138.3