when you get a mortgage, it is harder to know what to look for and how to get it. om changed that. we made our mortgages transparent, affordable, and fair. spend your time imagining, not stressing. find out how much house you can actually afford, in just three minutes, at better.com. >>> welcome back to "fast money. we all know the saying there is no place like home well, if you've been looking at how markets around the world have performed this year, those words may not be too far from the truth. breaking it down someone who is truly an international man of mystery, don chu, headquarters back at details. hi, dom. >> i may or may not be an international man of mystery, melissa, but there is a mystery around whether the u.s. is the market of choice when it comes to times of stress sure, we know that our stock markets fell yesterday but on a relative basis that >> did better than some other developed and developing markets out there. and while the broader sp 500, that pullback hasn't been as bad as some other parts. the nikkei 225 in japan has fallen by 9% since its m

>> yeah, you know, look. i think it's great news about the tariffs and not having a tariff war i think -- you know, i think trump did 100% the right thing in getting rid of these ridiculous regulations strangling companies, and he's done a damn good job on that the tax thing i really believe in tariffs is a very, very difficult thing. it's got so many variables, so many land mines. but on the one hand, you have to be tough not tough, but you can't let countries steal your intellectual properties. but being able to do a deal with china is great if it can happen. and i think this is why you have an up market and i'm very glad to have seen that and heard that. because i was concerned about this whole tariff situation. i think it turns out that if you can do that, it certainly helps our industry and our company. >> you have told me in the past that you are pretty well hedged. are you feeling like it's time to get less hedged, that we could actually go back to new highs if you get some of this trade stuff figured o

both of those have been dropped dramatically, my guess that -- is that when you look at this bill and look at one hundred percent expenses expensing of capital purchases, you will see an enormous amount of economic growt. we passed the tax bill in 1981 with a real president. you know who i mean, with ronnie, i remember when he won the nomination, the clouds parted of the the sun shown fourth on the planet. the fields turned green, the children danced in the streets and rayingon won the nomination and the election and came into office, if you look at the bill we made one mistake, we phased in the tax cuts. if you know they are going to cut tax rates next year, what do you do this year? you defer all of the income tax that you possibly can, when we cut the tax rate in 1981, they did not take effect until january 1, 1983, in 1981 and 1982, the united states went into a big spiral, straight do you know, regan's popularity, which was in the 45% range when he won the election, skyrocketed after he was shot, that's when we got the bill passed. then the popularity dropped like a stone, in 198

all you hear about are republicans what hot races there are and look. you can tell the intensity of an election season by whom the media is talking about they're talking about exciting republican races you don't really hear much about these contested democratic primaries the d. triple c. and the house majority pac have plenty of money so i think we'll we'll be ok and nancy pelosi has been raising money hand over fist i think we're well poised to have the fuel we need to get our message are we going to do something about the division in this country the obvious that both of you will agree there is. this division unlike any i've seen i've never seen politics like this lived in washington d.c. in the late ninety's i lived i was at the democratic national committee during impeachment i don't think if you get worse than it was then and that seems like the good old days i just don't see it happening with this president i think there was an opportunity he is not he did not start his political career as a as a dyed in the wool conservative per se and there there

if you look at it and say, ok, how would that work? xiteers saying no, no, no. it is hard to see how we will do this. the european union is also muddling through with no government in italy, very weak government in germany. both sides are muddling through. the difference is that the european union has a set of rules that work, and britain is trying to create another set of rules that cannot work. i think there will be a reality check and it will be very painful. we are just muddling through, through there. but one side knows what works, and the other one doesn't. there will be a very brutal awakening. how do you read theresa may's strength or otherwise? as you watch it from an italian perspective, what do you see as her situation here, in the wake of these results, in the wake of her standing in the party, the erg in the conservative party, does she go into this with any strengths? we have a summit injune, just a few weeks away. i don't think anybody in europe thinks theresa may has any strengths. she has shown time and time again that

at customer segments you look at geographies , you look at emerging countries this past quarter werend we also have the rising dollar which has impact on emerging countries and they tend to be more volatile but i think with the importance of technology, the increase in cyber spending and the current strength of the global economy it feels pretty good right now. maria: you repatriated money from overseas to the u.s.. >> we did. maria: tell us about that and what you're expecting to use this money for of course you've got to work out buybacks and stock dividend increases is that right? >> well so we repatriated $67 billion and we've now completed that so it's back in the u.s. and what we announced is is that our capital allocation strategy wouldn't change but we accelerated it so you saw us last quarter we announced a dividend increase now that happened to be the quarter where we typically do that on an annual basis but we had a pretty aggressive dividend increase and we la nounsed we're going to increase our share buybacks and obviously we continue our m & a strategy that we've deploy

what are you watching in fx this morning? francine: i am looking at yen. ts 10 major peers. i think it is a haven. you watch out for the currency markets exposure, the energy markets very weighted to oil. tom: i am watching swiss franc, which has been off the radar. i am watching dollars swiss franc. we say good morning to canada. we look at the loonie and the reciprocal as taylor riggs calls it. here she is. iranr: the fate of the nuclear deal is in president trump's hands. the president says he will announce whether the u.s. will stay in the agreement at 2:00 p.m. eastern time. he has called the agreement the worst deal ever. he says it does not do enough to address threats from iran's ballistic missile program. the u.s. and china will battle over trade today in geneva. they will be at the world trade organization, where china will criticize the trump administration's proposed tariffs on $150 billion of chinese goods. the u.s. will defend the tariffs and find fault with china's plans to retaliate. dimon says the federal reserve may raise interest rates fa

look at this 8500 people around me. this place is insane you want to see an emerging class look likes this is what it. this is the is where it's at you're not paying attention. i was on a panel today with some of the biggest traders of bitcoin in the world they're getting ready securities that's the new thing that's coming out custody. that's coming. they already talked about nyse and i.c.e. mora today announced that's coming out i think there will probably publicly be other announcements in the next few days there is a mix of hoodies, guys like me in sports jackets this is a fun asset collapsed. glad you guys could join me. talk to you later. >> thanks for that, bk. >> it would have been nice if people could have been quiet when bk was talking. >> 8,000 people there. >> excited he looked really excited. >> it is exciting. >> he is talking about custodians talking institutional. i don't know if you saw that coin base announcement basically prime brokerage services for institutional customers today. they're going after that in a big way. when yo

particularly when you look at the u.s. -year government bonds will yield over 2.5%. you can buy high quality investment credit yielding above 3%. in the first time in a decade, you're getting paid a positive return.er inflation investors do not need to go out and buy risk further out in the risk curve in places like italy because they can get paid to positive return in safe assets. the has implication and all assets and we think it implies lower returns across the spectrum. guy: where does the money go in the near term? this is spain-italy and we see that spread blowout. does money simply just go to the rest of the peripheral story or does it leave europe? it looked like yesterday, we saw a spike in the euro and it looks like hedges unwinding on european holdings. that fed back into the euro. richard: you have had a number of headwinds for investors in europe. the growth has slowed. we entered this year in an environment where european growth was the positive economic surprise around the world where we had a series of posit

when you look at customers -- we serve all customers. think it is important we look like our customers. david: there was a perception that it tended to be more male dominated. at ge. did you have to change the culture away from ge in that respect? margaret: it is interesting. i came into ge midcareer. i never felt like i was held back because i was a woman. i think one of the good things of ge was always driven by meritocracy. so i never felt like i was held back or my voice was not heard because i was a woman. i would say i mostly did work for men my entire career at ge. i think of one particular situation when i was fairly new to the company. it was a meeting with janet -- with jack welch, and it was my early days. just being in the room with jack welch, you are like, wow. my leader at the time, i would tend to sit in the back row. that is what people who are diverse do. maybe no one is going to notice me in the background. the person i work for said, margaret, you belong at this table. i use that example a lot because it is so importan

because, again, if you look at syria, that was total decimation. reporter: what security guarantees are you willing to -- pres. trump: we are willing to do a lot and he is willing to do a lot, i think, also. i think we will have a good relationship, assuming we have the meeting. he will get protections that will be strong. syria never had protections. if you look at iraq, libya. they did not have protection. they had the exact opposite. that was absolute decimation that is what we plan to do and that is what we did. i am not going to talk about that. he will have adequate protection and we will see how it turns out. the best thing he could do is to make a deal. i have a feeling, however, for various reasons, may be including trade, because they have never had this problem before, it could be that he is influencing kim jong-un. we will see what happens. meaning the president of china, president xi could be influencing kim jong-un. we will see. if you remember, a few weeks ago, out of nowhere, kim jong-un went to china to say hello, again, a second ti

you lived this. what went wrong? melinda: it looksike when the gaming industry turned, when the games became more male games, more shoot 'em up. if you think about the early games i played, pac-man, the adventure games, breakout, they were gender-neutral. when you got into these very combative games that were male centered, and more and more men got into the industry, women just started to feel unwelcome. when you get that flywheel going where it an industry becomes single-sex focused, it feels unwelcoming to women. they might join it but if they don't see other people around them, we know people look for role models. if they don't find it, they say, i want to get out. we think that is probably what went wrong in the computer industry. emily: how did you encounter bias throughout your career? melinda: i encountered it far more in industry than i did inside of microsoft. microsoft was growing by leaps and bounds when i got there. i felt like i had every opportunity opened to me if i did well, if i performed well as a female. in industr

if you can't, and you're looking at a trade to make money, you need to look for other oily basins in the u.s. that can grow production that make a lot of money at $65 oil. that is oklahoma, eagle ford in south texas, and north dakota. more importantly, to invest in companies that have a delaware position and a scoop sack position, like devon. or a position like continental, or a delaware position and an eagle ford position. you can allocate capital in an optimized way. alix: good stuff. thank you. before we say goodbye, i want to get to some of your takeaways. kate likes continental. and mike is looking at opec as well as the broad oil market. sentiment is the highest it has been in several years. the permian bottlenecks will continue to provided tailwind for the market. kate and mike, thank you both for being with me. as we head to break, we want to look at some of the other big commodity moves of the week. soft commodities moving higher on the hopes that china will buy more u.s. goods. some of the winners, soybeans, cotton. coming up, a truckers' strike against rising diesel prices

take a look at a few ads. you see a flavor of how they are looking. i wanted to play the ads from the montana senate race with the democrat and from the challenger . first and and from jon tester and issues he is focusing on paired let's take a listen. we'll come back and talk. [video clip] washington is a mess. one, reduce government waste fraud and abuse. to, reduce. three cut red tape at the eighth five, did right by our cops, firefighters. six: support for caregivers. eight, i am out of fingers. i am jon tester, and i approve this message. ad and froms his rickepublican challenger, rosen dale, challenging the senator appeared here it is. [video clip] >> nancy pelosi call it crumbs. >> they really stepped in. >> trumps tax-cut, you can't say that on tv. >> i met rosen dale, and i am running for senate. montana needs a conservative who is willing to bet the trump the gender and not kowtow to nancy pelosi. the trump tax-cut mean business. the focus on that race is on the tax cut that senator tester and many of the things he accomplished in his term.

own a long bond now, you get killed, the stock you bought now will not look attractive. it probably won't be attractive. i mean, interest rates are like gravity. if interest rates are 1%, and they're going to be that for 100 years, obviously, anything that yields you 2% or 3% is going to do way better. but i don't think they're going to be 1% for 100 years >> that's the oracle this morning with becky great three hours that they had. what's your take on that >> look, i think it's even simpler than looking at interest rates or looking at where the market multiple is you look at where the cash is, scott. the tech sector is where there's a heck of a lot of cash. we mentioned apple, intel, i could throw cisco in there as one of the quiet companies that has a ton of cash on the balance sheet, is buying back shares, and is almost at a new, i'm going to call it 18-year high. less than a percent away from that look at another sector, scott, the xle, the energy sector, is now starting to see cash again with oil well above $70. >> but part of our point, i'm sorry to int

have you ever been a part of anything like this before? >> look, i think there are times where, you know, analysts ask too many questions and so they're sort of there to die. and elon in the past has dismissed some questions, before i would say -- you know, what struck investors last night was the dismissiveness was heightened relative to what leln had done before and certainly what was commonplace in a call so this is was reactionary and i think it's a testament to at fact that it's viewed as an outlier. >> herb greenberg, look, you've been in on a lot of conference calls over the years i'm wondering what you take away from all of this >> well, first of all, scott, this was the most bizarre call since overstock ceo patrick burns conference call still has many people shaking their heads many years later i'm less a tesla critic than i am a management behavior observer and i can tell you, what's important about this, when you start to try to divert attention away from the quarters -- look, i think it's great not to look at quarters but all companies

you look at the first midterm o of a new presidency, and you are looking at a sea of losses. there's a reason all those bars on that bar graph go down. it would be normal, it would be business as usual to expect president trump's republican party to lose ground in congress this november. but, of course, nothing is normal anymore. how do we tell this year? how do we tell if the historic pattern is going to hold this year, this november, in a year when democrats taking control of congress would mean a completely different world in washington, both in terms of policy, but honestly, also in terms of the myriad scandals of this new administration. how do we tell what's going to happen? short answer, i don't know. the smart money these days tends to say that the generic ballot is the best metric to look at. just poll on this simple question. which party do you want to be in control in washington. that's called the generic ballot question. and a lot of experts say that's the best finger in the wind for predicting elections, like this year's midterms. the problem with that as a metri

well, you look like on vacation in... key west. ig. - seeing these walls up close and personal, i realized i was witnessing a piece of american history. these are only eight prototypes, and we have around... 3,000 miles to cover. but... this is a great start. there were even men testing them to make sure they were immigrant-proof, but they seemed to be struggling. you look a little stuck there! you want me to ask some of these mexicans if they can help? what if you made it out of ice so it's slippery? - at least trevor sent one competent person to talk to the locals about the walls. - [speaking spanish] - oh, okay. if no one's crossing, then why did we spend $4 million on these giant legos? - [speaking spanish] - tijuana... fiesta...tequila, huh? - shut up, shut up, shut up. - [speaking spanish] - oh! ah, sorprendoso. - [speaking spanish] - but more importantly, there's already a virtual wall of sensors, surveillance, and drones. - [speaking spanish] - [speaking spanish] - she was obviously talking about how much she likes my outfit

if you look at -- or look anywhere around the middle east. you look at iraq. you look at libya, with libya certainly they didn't have protection. they had the exact opposite. that was absolute decimation. that is what we planned to do. that is what we did. >> reduce u.s. troop levels in south korea possibly? >> i'm not going to talk about that. we are going to say he will have adequate protection. we'll see how it all turns out. i think this, the best thing he could ever do is make a deal. i have a feeling, however, that for various reasons maybe including trade, because maybe they never had this problem before, china had never had this problem with us it could very well be he is influencing kim jong-un. we'll see what happens. meaning, the president of china, president xi, could be influencing kim jong-un. but we'll see. that is -- just look, if you remember a few weeks ago all of a sudden out of nowhere kim jong-un went to china to say hello again a second time to president xi. i think they were dedicating an aircraft carrier paid for largely by the united s

do you look at that or do you look at itunes?you look at the most critical part of the growth story for some of the earnings we have written up today and this has not lived up to the hype. what are we really focused on? >> the story apple wants to tell facebook andf google and this quarter, the march quarter, it is big for services. this -- t >> does it come down to them saying they are making 50 billion here? do they need to confirm that? a hard numbergave and said that they want to triple what they had done and that equates to about 50 billion. how they are going to get there is not going to be told to us. there are a few things they can do to bring in the revenue for media and video and i can expect this.ze of ironic in themost software business at a time when lots of investors are nervous and confident around hardware. >> the question i have for you is, given the manufacturing base, to what extent are they upnerable and are they tied in this visit to beijing? andhis is a massive concern economic zones, they don't have anythin

whether you are looking at bunds or -- this is treasuries. u.s. ries really stand out on a global basis. you wonder how high rates can really go just in terms of relative value and flow of funds. we think there's an opportunity to own treasuries vs. bunds or btps. jonathan: do you agree with that trade, george? you have to fold in the idea that you have some pretty effective hedging costs there too. george: you do. those are coming down with the dollar strength here. i do think that right now you're going to see some more flows into the u.s. i think the risk is still with developed market debt. we still have not seen the ecb play out. they will probably get out of quantitative easing this year, start raising rates next year. we've seen that movie before and we know how that plays out. jonathan: you think the risk is in the risk-free asset? george: yes, right now we do. jonathan: we'll wrap up this program and the themes through this week and looking ahead to next week. would you short btp's or bunds into year-end? one or the other? what does the pe

what you need to do is look at ours as well. r you do that, you see production workers in particular, average weekly earnings was actually up a half percent. i need to be really clear on this point. this is just a reality. for the to get a sense economy wide paycheck. average weekly earnings is a better way to do that. when you look at those metrics, they were fine. i don't think much should be made of this decline on the soft outcome we saw in average hourly earnings. scarlet: does affect do anything with this data we got in today's report? or does the press what we saw from the eci more? tom: i think a lot of what i just said to you will be fully on the fed's radar screen. 80% ofion workers are the employment pie. they are an enormous number. that is the number that propels higher over the course of months. let's be clear. i don't think this number does anything to offend one way or the other. it does not force them to go left. williams, who was out a little earlier, he made a really great comment in this regard. he said that r

you know, political map. i mean, there's no doubt about that. i say, look, the good news is we have a lot of political energy and enthusiasm. the challenge is a political map, where you've got 26, you know, seats that are -- of the seats that are at 26 are democrats. and the good news is that every one of our incumbent members is number one, working hard for their states. and number two, working hard in their campaigns to go out and talk to people throughout their states. so obviously, we look most closely at the states that donald trump carried in the last presidential election. but we also look at states where we have pickup opportunities, including places like nevada and arizona. and there are some others. and, of course, nobody expected us to pick up alabama. and so that was a very important victory for the country, and for decency. if -- if i didn't answer your question -- but i think i tried. >> would you -- did you expect all of your senators to run again? is that any kind of mitigating factor to the significant challenges of having 26 seats to defen

you something. xfinity mobile: find my phone. [ phone rings ] look at you.s tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. morning. you are seeing the dollar rising. geopolitical tensions are on the rise. the are bennion accord, reintroducing sanctions. the dollar is at its highest level in four months. anna, you have a little bit of breaking news from headquarters. andhe german maker of lives shampoos posting numbers -- glues and shampoos pointing -- posting numbers. against 850 euros million. they delivered a positive organic sales growth. how theytalking about -- organic sales up 2-4% to up 2-4%. said their new north american logistic provider was hurting them in terms of sales. they are going into these numbers as a result. let's get the check on the markets. >> we saw u.s. stocks close flat. we see a mixed at session in asia. weakness in japan, south korea, trends in australia and hong ko

when you look at how the establishment candidates are not winning when you go to 2006 and look at whereuse it wasn't from emmanuel's top tier targets. it was those underneath those. the down from swell. >> two phenomenons involving women. i thought it's interesting in georgia it's not that stacey abrams won over stacey evans. african-american candidate over the white candidate. the number she won by means a lot of progressive voters voted for her, too. it was not as racially split as people thought it would be. what do you see down in georgia. >> i think you do see it. does that hold over to the general electorate where you do have republicans running ads about immigration buses? right. and when you look at how none who alot of democrats thought was a great candidate -- >> the perfect paper candidate. >> and she got her hat handed to her among suburban white women. if she can swing women at a bigger pace she has a chance. >> if republicans hold onto the senate it will be because they had women nominees in two of the most important races they are dealing with, arizona and test tennessee.

is also an awareness that there's two asian and russia is very difficult at the time and again if you look at the coalition agreement you will see exactly what i was talking about the human rights situation in russia whether we're talking about all the conflicts between russia and the west those are elements that the german government is very much aware of and in fact it says for example that the russian foreign policy requires from the german government both awareness and resilience so you can clearly see that that's obviously an interest on the one hand but many problems on the other hand as well when you just remind our viewers we are looking at live pictures of a lot of the uprooting coming from the kremlin he's being sworn in for a fourth term as president and we're seeing also cutaway shots to audience members in the audience there we just noticed a short while ago is for german chancellor schroeder who is a personal friend of a lot of mir who teen we're talking to our correspondent told a sparrow here in berlin thomas tell us more about putin's relationship with the current german c

when you look at the run and when you look at european efforts to keep up the j.c. peel away on agreements that usually are agreement which is on the the nuclear agreement i think that's just that's so much more than just putting our shoes on right the europeans really to try to to stand up to to to the americans to some extent although that's not a position that we want to be and i mean the we want to be and the working transatlantic partnership but here we are and we seem a greenie and we see the german the the french and the british foreign minister stand up together and and trying to work out how we can how we can salvage this deal that is in our own security interest by the way we have a very short report on where things stand with iran let's just take a look at the. germany britain and france are still committed to the iran nuclear deal. their foreign ministers will work with iran to try to keep it alive. three nights a wreck the in fact the security interests of europe. without this agreement there will be more insecurity and uncertain about development cente

you look at the economy, the dow jones posting up of 178 points and that was at 5:30 eastern time. overall which is fantastic. people are looking at the economic indicators and seeing how it impacts them in their personal lives of their families able to buy gas to put in the car. books for school, food on the table. those are the things that matter. so if that is the case, usually when the economy is doing well, it bodes well for the administration, the president, and then the thinking is for the election, the midterm election. >> juan: jesse, the energy in are you planning to vote still resides with the democrats, so what would the president have to say about that? >> jesse: slight edge with democratic enthusiasm, but in ohio they had a governor's race, and 150,000 voters more. if you look at that, it is ominous. foreign policy and epic policy the country feel safe and more prosperous. and all of the things that they said we're going to happen, that the gays would be put in internment camps, and women were not going to be able to have abortions, gay marriage, all of this stuff, the

you look at the first midterm o of a new presidency, and you are looking at a sea of losses. there's a reason all those bars on that bar graph go down. it would be normal, it would be business as usual to expect president trump's republican party to lose ground in congress this november. but, of course, nothing is normal anymore. how do we tell this year? how do we tell if the historic pattern is going to hold this year, this november, in a year when democrats taking control of congress would mean a completely different world in washington, both in terms of policy, but honestly, also in terms of the myriad scandals of this new administration. how do we tell what's going to happen? short answer, i don't know. the smart money these days tends to say that the generic ballot is the best metric to look at. just poll on this simple question. which party do you want to be in control in washington. that's called the generic ballot question. and a lot of experts say that's the best finger in the wind for predicting elections, like this year's midterms. the problem with that as a metri

and you look at whether it has credibility and then you back away? >> yeah, i mean, there's no doubt central bank credibility and policy play as key part in emerging markets you look at brazil. lisa mentioned brazil. but we also like it. you have a reform mined central banks. the paths for rates have been lower. they've gotten to inflation that it's the lowest that they witnessed for at least 20, 25 years. entral bank policy is crucial. depends where you are. again, i think the case for local currency is from our standpoint right now, the most compelling because we think that the real yieldses when compared to real yieldses and developed markets really stands out. . that's where most of our incremental money is going right now. >> our bench is dollar days. but absolutely agree with that. is that the local is where the opportunities are for better returns. >> a long side mieke buchan nan -- buchanan. they yield by four basis points with 253. i've got to say the tenure despite all the dramatic headlines. it's been really remarkably stable in and around

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and so if you only look at the headlines you get a different view than if you look at the totality of the evidence and the consensus that there is or the strength, which are the good studies versus bad. big enough to pick up a statistically significant effect. in nutrition our science plays out for all to see. and it's messy. pulling back on information is not an option. it's not this this digital age. and so we really need to think about how to help people navigate this information environment. the other part of it is is we have to recognize the information alone is not enough. education alone is not enough. in this food environment at a we live in it is just so hard for people to eat well that we also need to make changes to the food system that support their intentions and make it more possible for them to eat well. >> well, i can't thank you all enough. i think that this was a very well discussed issue amongst all of you. you all gave some really great information. and please join me in thanking charlie and taylor and margot for joining us today. [ applause ] >> tonight american h

if you look at that, you can see in the upper center, there is a hand extended and it looks like a ghost. what puck is wanting is that if we don't do something , the tide will eventually result in the deforestation of our forests and destruction of our resources. host: puck magazine came out in 1876 and ended when? michael: 1918. newspapers started publishing cartoons. photography got much more available and cheaper. a lot of different photographs with these wonderful pictures of cartoons of politicians. now you can see all of their faces in magazines and newspapers. the cartoons have less of a bang because there are other mediums that became more influential. host: do you think this to matter today? michael: that is a great question. think any normal citizen can open up a magazine or a book for the internet and look at a cartoon. internet, somey of this has the cartoon around to friends. the impact of cartoons is that you look at it and you immediately get the point and it resonates. a cartoon speaks truth, a cartoon speaks truth in the satirical and important way. i think that when tru

you know. economic analysis what the cost of child abuse is to san francisco alone. we have not looked at domestic violence or elder abuse, but one year of reported cases costs our city at a very conservative number, over $226 million every year. and when you multiply that and if you really think about what we think is the prevalence rate, it's in the billions of dollars. took that and put it into prevention for domestic violence, prevention for elder abuse, prevention for child abuse, we would reap much more benefit in the community than i think we would at that other end in the criminal justice end. >> that's helpful, thank you. that is the last question i have. i just want to thank you for this amazing presentation. and for the incredible work that you are doing. >> thank you for giving us this time. appreciate it and thank you to colten for helping schedule this, a labor of love. >> thank you, thank you. so any members of the public that wish to speak? people will have one minute. >> good morning. good morning, chair. sheehy, supervisor ronen, and supervisor safai. karen roy, direc

if you are looking at -- here is an example. dge, etf has 0% management fees, like you mentioned, and has a 30 basis point ratio. one of the cheapest allocation funds in existence. there is about 4 billion in these asset allocation etf's that charge about less than 30 basis points. inre is almost $1 trillion asset allocation mutual funds that charge more than 30 basis points per we are talking 1, 1 point five, 2% points per year. if you look at what is better than -- for the investor, there are still all the high fees and taxes -- tax inefficiencies in these expensive mutual funds. hopefully the assets will transition. right now it is a story with little credibility as how etf made this -- made the markets. with the exception of these tiny markets in places where the market cap is tiny. scarlet: great talking to you. meb faber, joining us from los angeles. coming up, we will be looking at the downturn in emerging-market assets of the plunge of the lira. there is some technical analysis. this is bloomberg. ♪ ♪ ♪ it is time for sma

let's look at the map and show you what is happening. and the picture around bloomberg. -- europe. discretionary bid, health care off, but astrazeneca out with numbers. that sector weakening up a little. in terms of other factors, let's look at movers. let me show you what is going on. net, telephonic and deutsche, i think bmw has gone did -- ex-dividend, there are ex-dividends. those are a bit of a factor. vivendi is weakening up on the back of its numbers. higher, i am not sure we can really take away much from this. i am interested to see how luxury stocks trade. the downside is being affected by ex-dividends. going exg names dividend this morning. we are bearing that in mind. european trading under. it has been an interesting week. already comingrs into the story this week. maybe from the macro side of the story. a mixed session in asia, the dollar is studying -- steadying. our guest is the ceo and global cohead of fixed income at goldman sachs asset management international. it has published its midyear outlook. good morning. do you

got that mean this inspectorate and what's really interesting about it too is it's like when you really look at like why it's failing it's because there it's because it's ballooned at the top you only have a few big wigs at the top and then everybody else is like you're one or two maybe businesses you know i mean you have a brief you know when you look at just the manufacturers you're if you're an unlucky they account for ninety seven percent of the d.o.d.'s munitions and missile procurement funding while that's not a company that's not a private company that's a part of the united states government and we're paying for it which means it shouldn't be on the stock exchange it shouldn't be on a free market and the fact that you have this we're ninety eight percent of the suppliers are one source it's not just in china and belgium you're talking about all these pieces that you can only get from one place and there are smaller companies and when they go under you're done and then you're going to go well what are we going to drop out o. food maybe we can all hope because there are some pretty con

hiding in tech, absolutely not you look at the fundamentals look at the balance sheets in tech look at the balance sheets and the growth you see in the chips. go to some of those names, whether it's an apple, whether it's micron, whether it's intel, you look across, and yes, but it's not for hiding reasons. it's because these guys are growing and they produce every quarter and the cash flows and the balance sheets for the most part are absolutely pristine >> why haven't investors stepped out anywhere else? i agree with you tech is fundamentally sound. >> they have rotated, but the rotations have been light. when they have gone to health care, they go for a period of time and come back but they have not really left tech they have not left chips >> that was my point >> doc, how do you see it? >> well, i don't think it's the same as the temper tantrum of 2013 i don't think you're seeing the same group of investors that fled the market in droves at that time, steve liesman, when we saw that, when we saw people worried that all of a sudden they were misreading what the fed was saying, i thi