when you look around here, you will find 10 rosettes.u look up to the wall behind us, you will see howard heil. on the very top, under the second division, that is howard, the same soldier we just visited out in the cemetery. a lot of the divisions, you will see similar dates. a lot of the divisions you will see from september 12-september 16. most of the soldiers went missing during that time. that is when they were fighting here. on another date when they were training on the front lines with the french. you will see different soldiers went missing during that time. a lot of them you will see them grouped together on a specific date. they were all lost at one time in one battlefield. we do have next of kin that come and visit the name on the wall. that is all the family has. that is the only thing we have to remember. the piece of artwork pershing was looking at at the time was this. this is what he was inspecting. that is an urn. pegasus is taking the souls to heaven. we are in the middle between the chapel and museum and this piece o

if you look at iran, just take a look at iran, and you look at what they are doing, they are a terrorist nation right now. although i must tell you, they are a lot better right now than they were when i took office. when i took office they were heading in a very, very bad direction. and at some point, things very positive, frankly, could happen with iran, but we also need a counterbalance. and israel needs help, also. if we abandon saudi arabia it would be a terrible mistake. >> [inaudible] pres. trump: i really can't understand a word you're saying, sorry. >> "the washington post" claim you are putting your personal interests -- pres. trump: i have nothing to -- just so you understand, i don't make deals with saudi arabia. i don't have money from saudi arabia. i have nothing to do with saudi arabia. i couldn't care less. and i will tell you, and as most of you know, being president has cost me a fortune, and that is ok with me. i knew that a long time ago. but being president has cost me a fortune, a tremendous fortune like you have never seen before. but someday, i will tell you what t

eric: you don't think the psychological changes happening now. we can look fed is going to do with interest rates and if you have a confidence in that, predict that 100 basis points, it may only be 12 months, may not even be 12 months away. >> i think it has started, but you need more issues, you need to have more problems. i think we will start seeing that. >> is a 100 racist white increase overnight lending target, enough to trigger the distract cycle? >> at her know if it is the beginning of the cycle. to use a baseball analogy, if a great now, we are in the second inning on the distress side. eric: very early. >> yes, you want to get to the middle innings but we will get there. the question is how long does it take. ♪ taylor: coming up on "bloomberg best," more of the week's business news from around the world including don down the economic data from china and the eurozone. could the global economy be heading toward a crisis? -- oure to what next guest subscribes weaponize crash could look like? >> the first casualty would probably be real estate. taylo

so when you look at short end -- breakevens, what the market is expecting, it is well below 2%. it was 2% only a couple of weeks ago. jonathan: underpinning this conversation is what the fed does next. you will listen to that. do he get three, more than 3, 4? will the fed change the pace of the journey in 2019? relative to 2018? noelle: going back to inflation, 2019 is going to be very much about inflation. we think it is going to be an interesting story, because in q1 you will have these tariffs hit, which we think will add 30-50 re -- points into the cour the core on a month over month basis. and then we also have wages that are finally showing signs of life. we watch a rate that has been at levels -- it has been, but it's an indicator that we will start to see employers leave the company and get paid more elsewhere. so these are persistent. you mentioned oil, but wages are persistent pressures. that will bring the fed into play. that said, we don't see a breakout inflation, breakout in wages, but it will make 2019 much trickier for the fed because growth will be moderating. in

at the asteroid with missiles on frontier only if you look if you look at the arriving make you should look at the arrivals in france for instance you software tools and welcome from straight out we we have in the second country to welcome those in ignorance so those are facts as well let's move on to the other contentious subject which of course is brecht's it seems have been the sense in france that this was really just a british problem and france could get perhaps some profit out of it but that's changing now isn't it. it's not just a question of wanting britain to suffer all the macro. suggested that he thought they should suffer didn't know he said i mean in fact it shows us one thing it's not easy to access the european union not without cost not without consequences is that force well he wanted the suggestion is that he want to blow to pay back a gesture that other suggestion the matter of fact meeting the e.u. is a complicated process i don't think that anybody on either side of the channel would deny that would you do you know do you know anybody who would actually say that t

if you look act words, the keith three revenue asked to be a little lighter than the market was looking for. became an up by .8 7 billion. the estimate was 5.9 one billion. a big focus will be on europe only look at what is going on with this company. august thatck in the company has suffered from complacency in europe. it has not launched the right products at the right time. we will see what he has to say about the resilience of the european business. we will drill down into that geography with the ceo as the company reported its quarter earnings today. we will get a look at where they are trying to guide the market. anna, it is a hill divided. red and blue between the house and the senate. the consequence of that can be interpreted in a variety of ways. the dollar is lower, treasuries are lower. you have the dollar a little bit of slippage there. j.p. morgan asset management is saying it is a very long and very crowded trait. robert saidfear -- there would be fear and chaos because of trump and those progrowth agenda is. that is very dramatic, but you know i love drama. dollar is dow

you look at europe. you have brexit bringing up a lot of uncertainty.urope is not as robust as many in of us thought. when you have yields globally coming down when we thought maybe they would be going up, the fact we don't have 1% yields in germany today, i don't think many people had that in their forecast. even if they were bullish on the u.s. market compared to consensus like i have been. i think that's an important thing we have to notice. german yields are going to be helping u.s. treasury yields for at least the next 18 months. jose: that is the curve flattener we have seen. we continue to see tremendous demand. you look at the spread between bonds and bunds, you could drive a truck through that. 270 basis points and we think that is persistent. because of the strength and consistency of demand here relative to the inconsistency. the other thing, globalization. global. let's talk about globalization. you have a lot of nationalistic policies going on in the political movements and the globalization story is taking a backseat the national issues. t

but when you look at china and you look at parts of asia and when you look at south america and in other places in this world, including russia, including just many other places the air is incredibly dirty. when you're talking about an atmosphere, oceans are very small and it blows over and it sails over. i mean, we take thousands of tons of garbage off our beaches all the time that comes over from asia. it just flows right down the pacific. it flows. and we say where does this come from? and it takes many people to start off with. number two, if you go back and look at articles they talked about global freezing. they talked about at some point the planets could have freeze to death, then it's going to die of heat exhaustion. there is movement in the atmosphere. there's no question. as to whether or not it's manmade and whether or not the effects that you're talking about are there, i don't see it, not nearly like it is. do we want clean water? absolutely. do we want clean air to breathe? absolutely. the fire in california where i was, if you looked at the floor of the fire, they have tr

caroline, what are you looking at?er.e: the dow jones what is leading a slower is the trade tensions between the u.s. and china after mike pence's speeches. with supplyg apple chain issues. there have been more reports that they are dialing back production on three iphone models. the dollar flat at the moment after housing sentiment came in worse than expected. the focus is on the fed. as the dollare, stays flat, the pound is creeping higher slightly. lisa: interesting to see tech is leading the way on the selloff. two-year yields are the haven. you are seeing the longest streak in two years since november of 2016. a huge rally after a lot of selling in this area. the euro is gaining against the dollar. bitcoin is getting demolished today as people get worried about regulation. caroline: first time below $5,000 since october of 2017. time for a look at the big movers on the back of analyst recommendations. with a $51g at ubs price target. the analyst says shares have become less attractive. target.ice the analyst expec

because i prefer to get them but if you. look at every rational people around us he showed a set of studied something that us question. you could end up with. the yeah but what if you don't know. now you will not be able to study. the thing cost of a design in the young mama. i was there it's. the picture of ma ma ma ma. do you. walk around you does all of that. i do. not. look well as. we showed he was. just a few. you know as the diode to quit goes to just. someone in their notion. of simplicity show me the not the most i could. do with those results. oh yeah ed you really. has not and still not. still in the school with a. little knowledge of the by you can. ask a monk about it could come up and instead here's the point. that i'm not with. you like most of the flights cost a multiplicity can you call up to push it up themselves to take you to. the scene yes pop and should established on was a bill for thousands of the somebody don't do you go up your way good job. good to me we're due for a big investment stillbirth to darken

you. this looks solid. what do you see? noelle: it is solid. it is broad-based growth in the jobs report today. at invesco we tend to not look at anyone thing as a trend, and the trend is pointing to growth numbers around .8%, and that is why we are calling for moderating growth going into 2019. jonathan: does this publication for the fed, tom? tom: it is trying to get them on that path they defined as neutral, 2.75%. maybe it speeds them and they do it every quarter, but it appears that's where they want to get, and they are probably going to want to get there quicker. jonathan: that is just around the corner. chairman powell says we are a long way away. who is right and who is wrong? tom: i only look at what they define as neutral. it is a moving number. i am a simple guy, did some simple math, i came up with 75 basis points from where they are today. does that mean they may move it? i guess they have been known to move goalposts in their life, so that may not shock me. it might bother me when they do that, but if i i think about neutral in a

when you look at her networks on the ground, and it is striking. she does not have the well developed long-standing arizona network that you might see from some of the other candidates. that might have run for this position. when you look at what she's inherited. she got her start with military networks from jon kyl. she has worked very closely in the past with john mccain, stephen shattuck previously worked for john mccain. she has in her district office at least one staffer who works for gabby giffords. again, a little nascent network. in military defense, no surprise given decorated history as the first female combat pilot in the u.s. air force. a lot of interest in the national security space. inause of the role she had breaking barriers, this is where we see moderation in point of view and policy positions. famous for beyond serving in combat, for suing the department of defense of the requirement of wearing a headscarf and saudi arabia. put her in contact with people fighting for greater equality. she is an advocate for mental health. the mili

question with ohio, usually, when you have a statewide election, like florida , you see it trend the way florida is lookinglike it is trending. browno, you had sherrod who ran away with it. do you have any insights, especially given it being a purple state, a swing state, important to 2020? you can state rules and then you can start finding exceptions to the rule. we are seeing less ticket splitting than we have ever seen before. thate seeing more people are just going straight down the line, either republican, democrat, or staying home, then we ever saw before. that was a great statistic have been, there something like 73 u.s. senate elections before yesterday, and by theof 73 were won same party that carried the state in the most recent presidential. in 2016, every u.s. senate race went exactly the same way that state was going that night in the presidential. so we are seeing a lot less ticket's, but we are still betweenome, and the gap sherrod brown's victory and richard cordray's loss, that was a gap that was where. -- that was there. abbott, i doernor not know what his margin ended up being. it was a

but when you look at wal-mart and compare to target for instance and look at where pe levels, the pe levels of target is invitely lower than wal-mart and they have better margins you have to go throughout the space and tri to make your best picks in terms of the discount names that you prefer and what the makeup is of the various companies. i think you have to use that in your favor and because of that because the fact that target you've only got to% in grossry, that doesn't hurt the margins as much because of the better margin areas tj maxx, they continue to go higher and higher. the strength they have in the management team they've got and of course the home goods aspect of it as well has been something vrg. and they're slowly but surely trying to build that ecommerce end as well. that's something that has to be recognized and saluted in terms of tj maxx. >> tim you've been in and out of a few retail names, macy's l brands where are you right now. >> first of all- on wal-mart and target, i'm not in love with wal-mart to be clear ultimately this is a dynamic where i think the cost ba

if you look at it, the message is very clear. these are our doughboys. they were going over the top for victory. the message is nothing should stop you in your support of this country and in your support of the american troops and your support for freedom and what's right and just. that is the creed you have to carry with you. know the army we send in that the field -- into the field were all honorable men. course iound -- of studied art as a young boy. and was actually going to take a job with a brand-new company called hallmark back in 1960. they just opened up a great city out in kansas. then i got a better offer. i got an offer from uncle sam that said greetings. they invited me to join the army. i was going to be taken in the army. i remember my father said, why don't you get out and talk to them if you can do something that might be -- you might like. sure enough, i went down and i was accepted into the army photographic corps. i went to vietnam as an army photographer. and i spent my time over there. and i came back as the photographer on post. the

were the technologies and you had to look to say to keep the costs down you have to keep the number of miracles you're requiring, the number of things you need to invent down. i don't worry so much about the money. i think there are ways to do it affordably. when you look back, obviously at the time of apollo, nasa was 4% of the u.s. budget, it's now about 0.4 to 0.5% of the federal budget. on the other hand look at what they had to do to make apollo happen. they had to figure new math. it was a huge infrastructure project. we have all that infrastructure. i think it gets back to the will, actually, technologically i think it's possible, there are no things that make it impossible. it really is a question of do we have the will to actually do it? it really did take president kennedy saying within a decade, we will set foot on the moon, and it happened. i think going to mars is actually way easier than that personally. >> of course president kennedy, you know, was in a space race. there was a competitor throughout and the u.s. likes nothing better than a competitor. do we have that c

want him looking into that. i think, you mandate to be as narrow as possible. but somebody ought to be looking into that because the potential that we got disinformation fed to us and that that information which came from a campaign was used to go to the fisa court to get warrants to spy on americans is really alarming. trish: yeah. i mean, very, very alarming. and i think that, you know, we all deserve answers to that stuff. when it's all said and done, you say the president's going to be exonerated. when is it going to be all said and done, ann true? >> well -- andrew? >> well, i don't think mueller's in as big a hurry as people seem to think to wrap this up. i know a lot of people think it's imminent. i don't think it's particularly imminent. and the important thing, trish, is what is the report going to say. i think mueller is just a prosecutor. he should just tell us whether there's enough evidence to file charges or not. that's what i did for 20 years as a prosecutor. he's not bob woodward, he's not here to write a nar

i do think you can limit how much you look at and you probably should limit how much you look at so thatthe sexes and misogyny that lies under the surface that people with the benefit of anonymity will put such disgusting things and often violent things to you and social media. buffeting. that is that something thatis buffeting. that is that something that is out of our control now? is something that we have to live within our daily lives and in leadership roles, so that is something that women have two deal with? i think frankly for a period of time, women in leadership roles, in publicly exposed roles, will be in that situation. —— have to. there is no thing that we can just a click, let's do. i do think there are some things for the major technology companies to think about, about what is allowed to be posted and left there. and over time, i think as we try and push forward and gender equality, the nature of the social media feed will almost be like a temperature take about how much of a difference have we made? how many hearts and minds have really been changed around gender equality

get like you know you look you but you would feel it. looks. like. it's just does not affect the struggle. if. you've. got mysterious. what was going on. in years ago for years and. we strip are there because there was. the. other group. that. was that was. like. this was a list was it in the bills for the just on the. roof for you. you were. the cord still exists and is not all the sums it up of the plates you know what was good good luck good little but it will still give more difficult simone's of what the its. motion is than was the chinook was that was just the whistle was the loop that was the. at the will of something that would get someplace in some states and the sea the ship. but at the moment it is sure you know that's what's this is this because that's not the focus. of the fugitive it should teach it just yet it looks like they. were not. quite you can i. was. that. the fact that. we are going to. hear that and. you know and you know if you. are going by your own vision or that of his own money or her yeah. you know there was a mere dist

if you look at the bloomberg, it is 19.9%. that all the optimism in the stocks is being drained out. we spoke with david kotok. the market is sensitive to this. are you buying this dip in tech? david: we started to. we took a position with an etf that has the group and tech. maybe we are early. i do not think we go into a recession. i'm an optimist. a truce happens. if i'm wrong, tech is going to be slaughtered along with markets worldwide. that is what is at stake in the trade war. estimateswngrading of , with apple, you have an issue about a high price, follow-up and sales. what are they going to do to keep growth rate? the group specific, slowing growth questions and integrated with that is the fed and what is the fed going to do? jason: i want to press you on that. i do feel like the faang stocks have gotten lumped together. there are specific issues related to each one, not only apple, certainly they spoke. do you start to -- certainly facebook. decouple?rt to faang andouple, de then put it together and say overthat cast a

you can kind of look at how it might break down. oing to be seven board minuss voting today, those two that are in contention right now, including carlos ghosn. they will not be voting. that means you just need for positive votes to oust carlos gone. it looks like he has the votes, based on the breakdown and the alliances and allegiances among the board members. what about the local media, there has been quite a press and see. what are they saying about this from a? -- about this drama? stephen: saying the tokyo prosecutors have their hands on emails provided by i named executives within nissan and that the emails basically implicate carlos ghosn in authorizing the lowering of those statements to regulators on his remuneration. that would be key evidence if it is indeed true. the tokyoar from prosecutors office at 4:00 p.m. local time. they will have a news conference perhaps to tell us what kind of evidence they will start laying out if they do plan to indict. that is a big question, will they indict carlos ghosn? we are hearing he

we already are looking at an oversupply the environment among if you just look among the production, companies there. what has been interesting to us is the development of the u.s. market. you have a lot of companies that are raising a substantial amount axisney and rolling out across states. they are buying licenses to grow and licenses for dispensaries. they are rolling these up and raising money privately and then going public on the canadian exchange. in the past couple of weeks, we have seen three companies raise its combined billion dollars. one is going public tomorrow called acreage holdings. raised $300 billion in will start tomorrow. that is where all of the new investable names are coming on. scarlet: andrew kessner, thank you so much joining us by phone. coming up, the latest readings from filings revealing how hedge funds position themselves in the fourth quarter -- third quarter. we have all the analysis ahead. this is bloomberg. ♪ is bloomberg. ♪ scarlet: now for a brief on some of the stories trending across bloomberg platforms. terminal users are reading about pg&e do

when you look at what they were able to do, and not just because people are looking statewide 2020 forsidential, but the democrats ability to narrow the gap by six or seven seats is important. john, this one is for you because i know you were keen on this all night, connecticut is hanging out there wanting to know how it was ending up. hartford have reported and we are waiting for new haven to come in, and it looks like it's likely to stay in democratic hands but i will keep a close eye on it for you. >> important to note, we are still counting in some races and some very tight and big calls to come over the next few hours. joining us now, the former secretary of labor, tom perez. thank you for being with us. >> good to be with us. >> is it glass half full or half empty, or just half? >> we will evened up with 230 seats in the house, and i may be off or two, but i had seven flips in the governor's mansions. four women, again, yesterday was clearly the year of the woman. we saw that well. we flipped seven state legislative chambers and the mission of the dnc and democratic party. when y

a small way to make a big difference. ...you never got the brakes looked at? oh yeah. no. we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies lead with digital. starts with a december to remember at the lexus december to remember sales event. lease the 2018 ls 500 for $769 a month for 36 months. experience amazing at your lexus dealer. ♪ >>> welcome back to "squawk on the street," i'm carl quintinilla with sara eisen and david faber at the new york stock exchange stocks close at 1:00 eastern time for the time being. a little selling here. dow is down 96 as we talk all things retail and black friday today. >> with the children at the new york stock exchange, our road map for the hour will begin with a blockbuster black friday, one of the busiest shopping days of the holiday season and the year. we have live reports from all of the major outlets as retails biggest w

would you be able to get the young you mom on the back she sure you did you. look out with no doubt it was do you have to do. you show that it was never have been there are studies that show you out there in the area. that. it's where you live i hear you point. don't know which twentieth century said bin that i knew. but that. day on the website of. the yeah you knew when you quit and what kind of show you're good at the guy more we can buy the notion we should be. the missed in. the mummy of what you could live with. imo sure you want conflict when you. consider that the day you can be nice to you if you have a gym would have been much to cut off. if the first bit of this was when you cassettes it was about as this vast amount you go. national doing the convergence of those who. jump before she really could kill you for your book your child for over for the store. and all muscle starts to put in west. virginia with a disability and he will move. for the present system than you. would believe. but despite what you must be smug bloke has had. and they. too had to yi

to get a seat at the table ok so let's now go flip to the side of donald trump now obviously when you look at the cost collision course there it's great for click bait it's great for everyone to have opinion upon and i mean it again it's very exhausting but you know. in a way you know c.n.n. and trump they feed off of each other instead of confrontation it's it's. it's advantageous for both of them because there is a good number of viewers out there that just have complete contempt for trump and on the other hand complete contempt for c.n.n. so it's almost like playing a game in. i mean trump really gets it's really out of saying that about c.n.n. and acosta because he knows his base loves it and it will be played over and over and over again everywhere including fox so i mean there is a very symbiotic relationship here go ahead joe the oldest game in washington is to attack unpopular institutions right a republican used to attack the i.r.s. you're a democrat you would attack a republican congress and so on it's a mutually beneficial thing with the president and with c.n.n. for instance or

it is not a shock if you track this stuff, because you always see this. let's lookack at the price of oil and the flows into these etf's. you will see the inverse correlation i am talking about. the price of oil goes down. people pile in to try to play the rebound. you see it happen over time. here is the next 1 -- the price of oil dropped. here come the flows. but has been burned because it has not rebounded, minus today, a little bit today -- it has not really rebounded. one quick note. if you look at uso versus spot oil, to retail investors, be cautious trying to play this. the last time oil had a bigger rebound was in 2016. look, uso only went up 6%, even though spot oil was up 45%. because rolling the futures is a brutal cost. and so i think for a lot of retail investors, they need to know this. scarlet, for now, it does appear, traders are using this. hopefully, it stays that way. scarlet: yeah, there is a lot of things to be weary of if you're looking at uso's. when you have the big swings and cocktail of market concerns we have seen since the start of octobe

you look at the business. aks down revenues. >> when you look at the valuations at 30 times now, when you get towards the high teens, the low 20's, that might be something a bit more interesting. you have to look at comparables. you have to look at whether it is here. it is much cheaper. well, their suppliers, a lot of these hardware guys will do well. again, that is where you look at. similar to apple, the thing is that apple does well and it allows apple suppliers do well as well. you don't have to buy something that expensive. earningsd 30 times where a lot of suppliers. you get something at half the price. supplieslt, a letter will do well. david: we were talking about tencent during the break. the stocks actually trading at 20 type -- 28 times forward. it is actually cheaper than mccormick. rishaad: at least mccormick makes something. david: the they against mccormick, obviously, but these are two companies that we should not be looking at on the same scale. >> correct. as a whole, i think people are looki

ok see that look i know it didn't but you also look at the model you funniest are flowing most of it's home from the show such as the flu it's almost a. new flu and you must. move. dollars. dollars. dollars i mean a dollar a dollar is what i believe. we got carried away here we care the music with us. we are here with a drag here. by good luck going to get rid of those who are not go away who will not die quietly. real hard but what we do is the truth. you know world of big partisan movie lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. it's hard to imagine the decades after the war a nazi don't tell was still active and rich in the nineteen seventies critelli head as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company develops in the denied a drug t

you are not looking at necessarily is significant repricing. risk is you continue to have more m&a deals or debt financing. balance sheets are more levered today than they were five or six years ago. that risk is rising but it is not at a tipping point quite yet. that is probably not a 2019 story. jonathan: a lot of people are concerned about the bbb component. some would say they are idiosyncratic risks. exploring the idea of at what point does a surgeon idiosyncratic risk become systemic? then he quickly becomes widespread and systemic. are we going to see that in investment-grade? jose: we see the dispersion in terms of cash versus debt. s&p 500, caches more's view towards the top end of the scale and debt is more evenly disturbing. you could see some more repricing of credit as we go to next year, no question. ira: one interesting thing is during the recent movement in credit spreads and interest yield, corporate deals have not moved very much. you have corporate yields basically staying flat, treasury market rallying. lower yields for treas

you in california. [inaudible] we'ree --president trump: going to be looking at everything, thank you. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org]

and then promoting you to look at the problem was today something upon the. you think you can sing a little. you know. the things you should watch it with us of so no clue to me she had one hundred she. tell you. one day you could choke on a stick that on one dollar ticket how. we all could as all. get him all she could take it. into the negative chris hall to found the time gone by then i'm going you know where you can get it because they couldn't get back it cannot honestly got me hooked up. with. him so. you don't know where your so-called local offices hello the world where they're going to go out to your outfit and then i guess i just had a look or you gonna go see where you going to go and if they want to. go to the roof was because it. would up one of the posters hundred lugovoy they're going to do you know i'm going to put it on i'm there without reserve but in a vehicle. oh. i love it because it was you know when i got up i was there and i was just like. you don't. know how good it was for you look at it i think. that's what. you don't know. how do yo

looks. this is new with. a lot of snow on the front of us now because i am. gone. this is kind of doing that but you also look at them what are you putting extra close to the show such as the sort of. you would do when you want. to. welcome back the troubles of jet airways who are in the news yet again today as a corporate suit or as it merged to with a troubled carrier into a merger tatto sons ltd is reportedly pitching a two step plan which would give the tad a controlling stake in jet and effectively merged with a airlines which operates from their hub in delhi under the name the stare a tad a son's limited as a joint venture between tatar and singapore airlines the acquisition of jets reported fleet of one hundred twenty four aircraft would greatly increase tad as current fleet of just twenty two planes and immediately position the new corporate entity as a major indian carrier jet currently is india's second largest airline. and the world's largest shipping company is warning that the trumpet ministrations trade crusade against china could harm the industry for years the chief executive of maer

erik: you don't think that psychological change is happening now? we can lookat the fed is going to do with interest rates and if you have any confidence in that, predict that 100 basis points, it may only be 12 months, may not even be 12 months away. mark: i think it is starting. i think it has started, but you need more issues, you need to have more problems. i think we will start seeing that. erik: is a 100 basis point increase overnight lending target enough to trigger the distress cycle? mark: i do not know if it is enough. it is the beginning of the cycle. to use a baseball analogy, we are in the second inning on the distress side. erik: very early. mark: yeah, very early. you want to get to the middle innings but we will get there. the question is how long does it take? taylor: coming up on "bloomberg best," more of the week's business news from around the world, including downbeat economic data from china and the eurozone. and as signs point to a slowdown, could the global economy be heading towards another crisis? our guest says yes and describes what

i had that terrible cold anyway, i miss you guys. and i lookseeing our viewers today on air we're dipping into so many of these conversations. we have a huge lineup. let me tell you what's on tap today because we've really assembled some of the biggest business leaders and names around larry fink is joining us later this morning steve ballmer is going to be here arguably, the most powerful woman in business, mary barra is going to spend sometime with us. and a conversation with nancy dd debuick. and loughlin murdoch ken frazier from merck and pat mulachy, an important conversation about the me too movement and mark raber is going to be here and showing off robots and the conversation that we're looking forward to, sanhar pichai, the ceo of google. we will have a conversation. and then the final two conversations, the one with lloyd blankfein, the outgoing ceo and now chairman of goldman sachs. and one of the most interesting people i think in the world peter thiel, talking about silicon valley and, yes, his support for donald trump all of that

if you get this trade right, you get it right look what happened on tuesday, we had what looked like a capitulation i wouldn't be surprised to see cuts back on the table this has been a supply so far. you have a really gl risk reward of buying oil. >> what do you anticipate will happen with opec >> that is definitely true, the point dan made is not a bad one. if one was so infliened and you were ready to manage a claim like this. the reason we are looking at a spread is because we have that upcoming catalyst that will elevate options premiums in energy stocks and commodity. that is the reason we are looking to make a spread the other reason we are making a point. that 10% pop, that is looking at a bear market. i'm not necessarily looking for a bottom >> looking for actions and while you are there sign up for our news letter. if you dorks i'll be your best friend really so what are you waiting for. this is coming up next >> nvidia struck investors today. >> ever see something like that? >> one of the traders says, a similar storm could be brewing for another tech stock he'll give us a

there's a personal connection that you can understand if you take the time to look at it. how many of you have been to the battlefields? good numbers. if you go over, you probably had experiences i was talking to a young man looking at a nice german potato master grenade and i was remembering what it looks like when you find these things when the handle has rotted off. this one has only partially rotted off and you can still tell it's a grenade but i was there eight years ago with my son and i was leading a tour group and i told everybody don't touch anything in my son is like hey look at this tin cup i found and i went over and he immediately put it in my hand and it was, this isn't a picture of it but it was the top of a potato master grenade with the explosive in it. you can see, and i put it gingerly down, but not until everyone else in the tour group came up and took a picture of me holding it. you can certainly find, gas canisters, 75 ska 155 shelves, everywhere grenades, boxes of grenades buried under the ground and just coming up, spent cartridges , everything imagi

. >> you look at what's marching up, that's an invasion. that's an invasion. >> he said you simply weren't qualified to be governor. he didn't say why. how did you take that assessment? >> i find his assessments to be vapid and shallow. >> don't let them give some excuse that you can't vote. don't let them tell you you have to have a photo i.d. >> when i become governor, i'm going to go to don junior and eric, and i'm going to try to bring the trump organization to palm beach. >> all right. this is where the race stands right now. in the senate republicans have a slim majority. democrats need a net gain of two seats to take control. they are defending 26 of the 35 seats that are up for grabs. meanwhile in the house the lower chamber, that terrain more favorable to democrats. republicans currently have 235 seats. democrats need to flip 23 of those seats to take control in the house. let's not forget about the governor's races. 36 of them in total. republicans currently control 26 of those flips in georgia, florida and elsewhere could mean an

when you look at brexit, how do you do it? volatile >> you have to look at what's going on politically. what's amazing is the way that all these u.k. assets are really keying off the pound and that is really the shock is over for what's happening. we have surveyed many asset managers around the world. if you don't have to be actively involved in u.k. assets, many are on the sidelines -- unless we get a huge move in the pound versus the dollar, we will probably wait and see a little more. >> do you stay on the sidelines, or do you find a good deal? >> i think we can find a good deal. the pound is undervalued in our view, and it has been a slide that has been painful but we have a long-term forecast of the pound. fainthearted, why not at your way into the pound and look for u.k. assets, for windows political situation clears up? >> let me get over to our sterling volatility chart. you are very optimistic about the kind of deal the u.k. will get. think the pound has been substantially beaten down by the political uncertainty, unj

when you look at the oil price, you need to go to the bloomberg and look at it in different currencies because you get a very different picture emerging. >> that was one of the points we were making on the blog. there is no one way to discern in oil impact on the broader asset class. depending on your currency, your perspective, whether you are an energy importer, exporter, whether you are leveraged to the oil price or short on the oil price, it can have such a varied affect. as far as the dollar is concerned, we know the factors fed, and we, the didn't get too much in terms of a different message yesterday. it looks like they are still steady as she goes. i think more detail will come out in the next few weeks when we get the minutes of the meeting, where we will get more of a look at their actual discussions, what is worrying them at the moment, and therefore, what will likely happen to the dollar. taylor: let's tie that into emerging markets. our emerging markets still under pressure from a stronger dollar we have seen recent? >> it is funny because emerging markets have had such a