jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: have we seen the lowest unemployment curve of the cycle? ira: no. krishna: no. iain: no. jonathan: that was an easy one. can the fed hike five more times without the ecb hiking once? yes or no? ira jersey? ira: no. jonathan: krishna men money? krishna: absolutely not. jonathan: iain stealey. iain: i think they can. jonathan: raising some big questions. great to catch up with you. krishna men money from oppenheimer funds iain stealey , joining us from jpmorgan asset management. from new york city for audiences worldwide, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. from new york for our audience across the planet, this is "bloomberg real yield." ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every co

krishna: indeed, indeed. i think if iain likes the high-yield market, he must like the high-grade market. the contrast between the two markets in the u.s. is extraordinary. jonathan: what do you make of that right now? krishna: i think the investment grade market is driven by two things. rising rates and then a whole lot of issuance that basically killed that market. high-yield where issuance was relatively low and not as rate sensitive, defined more equities and equities are ok, and that is a good thing. but i think your point about emerging markets and tightening financial conditions and non-us markets, that is real. and that is something the fed may not care about, but i think by 2019, they will have no choice but to care about. and i think that is where the transition will take place. jonathan: and that is what i want to explore, whether the feedback loop is still sort of there, whether we can get a u.s. economy that responds to what is happening in european high-yield and an emerging market high-yield an

jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: have we seen the lowest unemployment curve of the cycle? ira: no. jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: that was an easy one. can the fed hike five more times without the ecb hiking once? yes or no? ira jersey? ira: no. jonathan: krishna memani? krishna: absolutely not. jonathan: iain stealey. iain: i think they can. jonathan: raising some big questions about guidance. great to catch up with you. ira jersey, krishna memani from oppenheimer funds, iain stealey joining us from jpmorgan asset management. from new york city for audiences worldwide, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. from new york for our audience across the planet, this is "bloomberg real yield." ♪

jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: have we seen the lowest unemployment curve of the cycle? ira: no. jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: that was an easy one. can the fed hike five more times without the ecb hiking once? yes or no? ira jersey? ira: no. jonathan: krishna memani? krishna: absolutely not. jonathan: iain stealey. iain: i think they can. jonathan: raising some big questions about guidance. great to catch up with you. ira jersey, krishna memani from oppenheimer funds, iain stealey joining us from jpmorgan asset management. from new york city for audiences worldwide, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. from new york for our audience across the planet, this is "bloomberg real yield." ♪ david: you get a call from a call from steve jobs. tim: there was a sparkle in his eyes that i'd never seen in a ceo before. david: did your friends tell you this was not a good idea? tim: it was not. david: warren buffett still

krishna: this is a new world. the fed was trying desperately to get real rates up and the markets want no part of it. and i the structural issues we want to sweep under the carpet. they are not going away. i think this is going to be with us for a long time, real rates are not rising meaningfully. if they rise meaningfully, we will have a recession. they do not want that at all. jon: is in a new world? ira: it absolutely is a new world. one of the things we have to ask ourselves is maybe we are not at neutral yet, maybe we are. there is no way to actually -- there are tons of different estimates, my estimate for the real rate might be 3%. two more hikes, we are there. that is not saying very much. but, other people might think it is 2%. which would mean they have already reached neutral and will be tightening. you look at things like the yield curve. one of the reasons term premium is so low is because we are nearing the real rate being met by the front end. as we do that, if the fed keeps on tightening effectivel

jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: have we seen the lowest unemployment curve of the cycle? ira: no. jonathan: krishna. krishna: no. jonathan: iain. iain: no. jonathan: that was an easy one. can the fed hike five more times without the ecb hiking once? yes or no? ira jersey? ira: no. jonathan: krishna memani? krishna: absolutely not. jonathan: iain stealey. iain: i think they can. jonathan: raising some big questions about guidance. great to catch up with you. ira jersey, krishna memani from oppenheimer funds, iain stealey joining us from jpmorgan asset management. from new york city for audiences worldwide, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. from new york for our audience across the planet, this is "bloomberg real yield." ♪ david: you get a call from a call from steve jobs. tim: there was a sparkle in his eyes that i'd never seen in a ceo before. david: did your friends tell you this was not a good idea? was nuts.thought i david: warren buffett stil

krishna: it was across the krishna: it was across the board, reasonably good. good for risky assets, for sure. good growth in employment. telling us overall economic growth is even. -- is decent. wages are stable. everything is playing out according to plan from the fed perspective. everyone turned around and said they were solid. through the week, it was the least anticipated payrolls report i've seen so far in 2018. why do think that was? iain: when you look at the major issue, jobs in the u.s. are fine. everyone is focusing on tariffs, and that is what has been driving the market. i would agree with what was said on the payroll report here at it is all it. it had a little bit of everything, good job growth, but the wages did not tick up. that probably means the fed does not need to go any quicker than what they are doing at the moment caret what we are seeing is risk assets have done really well. if you look at the paycheck of the economy this is a chart i , look at. you can look at the hours worked, the amount of people working, how much they get paid per h

krishna: with respect to leverage, yes. is quitecoverage ratio reasonable because of the high level of profitability. i disagree the that reflects credit concerns in the market. it is a supply issue far more than anything else when you have a large m&a transactions coming into the system. the math is easy. jon: we are talking about a slow-motion credit crunch, the federal reserve -- let's assume they have. my question, how are we going to get an ecb that can get away from negative rates when we are having a conversation right now about whether they moved by 10 basis points in september or december of next year. first, they have to get rid of their quantitative easing program. slowly, they are reducing that. we wind up with a financial conditions continuing to tighten like they are, you wind up with a situation where the ecb cannot do anything except potentially reverse the quantitative easing program. how do you quantitatively tighten? how do you raise interest rates where you have it tightening so much? that has been a pro

beatles soon embarked on their hari krishna trip. and in the musical hair an acid trip inevitably leads to people singing ari krishna there's no escaping them. by the one nine hundred seventy s. orange was everywhere on face cream tubs in dishwashing liquid and soda pop. even eating at the cafeteria like here at the german publishing house was almost a psychedelic experience. each today it's hard to imagine enjoying your lunch with something like this hanging overhead. though it's decor by ground up on top like these plastic chairs are now in design classics. then in one nine hundred seventy one the release of the film a clockwork orange pushed the limits even further and not just in terms of design. i write stuff right. by the late one nine hundred seventy s. orange had been transformed into dog westerners seeking the meaning of life by the thousands to the point to us from india their guru rajneesh attracted followers with a mix of free love tantra and group therapy though eventually this collector's insanity did come to an end. so

fascinated by eastern spirituality the beatles soon embarked on their hari krishna trip. and in the musical hair and acid trip inevitably leads to people singing ari krishna there's no escaping them. by the one nine hundred seventy s. orange was everywhere on face cream tubs in dishwashing liquid and soda pop. even eating at the cafeteria like here at the german publishing house was almost a psychedelic experience. she today it's hard to imagine enjoying your lunch with something like this hanging overhead. though it's decorum are brought up on top like these plastic chairs are now in design classics. then in one nine hundred seventy one the release of the film a clockwork orange pushed the limits even further and not just in terms of design. rights right. by the late one nine hundred seventy s. orange had been transformed into dogma westerners seeking the meaning of life flocked by the thousands to the point to us from india their guru rajneesh attracted followers with a mix of free love tantra and group therapy though eventually this collector's insanity did come to an

fascinated by eastern spirituality the beatles soon embarked on their hari krishna trip. and in the musical hair an acid trip inevitably leads to people singing ari krishna there's no escaping them. by the one nine hundred seventy s. orange was everywhere on face cream tubs in dishwashing liquid and soda pop. even eating at the cafeteria like here at the german publishing house was almost a psychedelic experience for. she today it's hard to imagine enjoying your lunch with something like this hanging overhead. though it's decor by ground up on to on like these plastic chairs are now in design classics but then in one nine hundred seventy one the release of the film a clockwork orange pushed the limits even further and not just in terms of design. right right track. by the late one nine hundred seventy s. orange had been transformed into dog westerners seeking the meaning of life by the thousands to the point to us from india their guru rajneesh attracted followers with a mix of free love tantra and group therapy though eventually this collector's insanity did come to an e

fascinated by eastern spirituality the beatles soon embarked on their hari krishna trip. and in the musical hair and acid trip inevitably leads to people singing ari krishna there's no escaping them. by the one nine hundred seventy s. orange was everywhere on face cream tubs in dishwashing liquid and soda pop. even eating at the cafeteria like here at the german publishing house was almost a psychedelic experience. she today it's hard to imagine enjoying your lunch with something like this hanging overhead. though it's decor by ground up on top like these plastic chairs are now in design classics. then in one nine hundred seventy one the release of the film a clockwork orange pushed the limits even further and not just in terms of design. rights right. by the late one nine hundred seventy s. orange had been transformed into dog westerners seeking the meaning of life by the thousands to the point to us from india their guru rajneesh attracted followers with a mix of free love tantra and group therapy though eventually this collector's insanity did come to an end. so too do

krishna who's standing by for us with the c.s.u. in unix and melinda crane who's in berlin perhaps is there any update on whether these reports are in fact accurate is the who for resigning. well what i can firm up is that he definitely said he basically offered his resignation in the room with his delicates delegates in the german parliament of the c.s.u. party and also the leadership of the seuss you hear varia but we're still a step away from somebody stepping up to the microphones that are set up behind me in the meeting room so we don't really know what will be officially said on the wreck or it and there still seems to be quite a difference between. what he's said in the room and what might be on the record but there's a sense that there is no way back he's now said those words to people in the room who are clearly torn a work to be torn between loyalty to their party leader which is a very strongly held tradition in the c.s.u. was well more so than in the c.d.u. where the german chancellor saw quite a bit of criticism particu

the krishna saint george's park a few yea r5 the krishna saint george's park a few years ago several years ago seems to be paying dividends. they began last year and england the only second country ever to win both principal youth age groups. —— creation of saint george's park. now they have gone to the semi—final of they have gone to the semi—final of the senior men's world cup. they are doing well in win in of football. they want to take some of the lessons that were here and apply it to the women's him as well. the fa hope to make this breed as well —— hopes this will breed more participation. perhaps this will have the same effect as the... they also have good knowledge in a time of premier league club power and the fa ct of premier league club power and the fact that called tournaments in premier league and champions league, you get the feeling that the sense that it had damage in the national football. but this is a symbol of international football and england tea m international football and england team bouncing back. gareth southgate has proven that the manager p

the beatles soon embarked on their hari krishna trip. and in the musical hair an acid trip inevitably leads to people singing are a christian or there's no escaping them. by the one nine hundred seventy s. orange was everywhere on face cream tubs in dishwashing liquid and soda pop. even eating at the cafeteria like here at the german publishing house was almost a psychedelic experience for. kids today it's hard to imagine enjoying your lunch with something like this hanging overhead. though it's decor by brown up on top like these plastic chairs are now the design classics. then in one nine hundred seventy one the release of the film a clockwork orange pushed the limits even further and not just in terms of design. rights right. by the late one nine hundred seventy s. orange had been transformed into dog westerners seeking the meaning of life flanked by the thousands to the point to us from india their guru rajneesh attracted followers with a mix of free love tantra and group therapy though eventually this collector's insanity did come t

transactional sort of relationship more community based relationship krishna shandra and used to work for the bank of scotland now he works for a digital bank with a banking license a number of fin tech firms here in the harbor his clients today he's on his way to see a new business partner. the company is just forty eight steps away it's a new digital debt collection company that recently began working for. bank. it's manager denish lover says it's a mutually beneficial arrangement of course he could those are the sort of synergies that can form in the heart. of what is the biggest advantage is definitely the proximity and you can skip down the stairs and meet a business partner for a coffee that makes things very easy we are very busy days but can use those five minutes to swap notes at. the time with a man and. once a month there's a so-called lottery lunch to encourage networking lots are drawn to decide who eats with whom he likes to take part it's a good way of getting to know new people he only started work here six months ago as well as organizing the event the hub operators a

transactional sort of relationship more community based relationship krishna shandra and used to work for the bank of scotland and now he works for a digital bank with a banking license a number of fin tech firms here in the harbor his clients today he's on his way to see a new business partner. the company is just forty eight steps away it's a new digital debt collection company that recently began working for a. bank. its manager. says it's a mutually beneficial arrangement of course those are the sort of synergies that can form in the heart. the biggest advantage is definitely the proximity and you can skip down the stairs and meet a business partner for a coffee that makes things very easy we are very busy days but can use those five minutes to swap notes the man side had. done with him on our side. once a month as the so-called luxury lunch to encourage networking lots are drawn to decide who eats with whom he likes to take part it's a good way of getting to know new people he only started work here six months ago as well as organizing the event the hub operators also pick up the

it'll soon embarked on their hari krishna trip. and in the musical hair an acid trip inevitably leads to people singing are a prisoner there's no escaping them. by the one nine hundred seventy s. orange was everywhere on face cream tubs in dishwashing liquid and soda pop. even eating at the cafeteria like here at the german publishing house was almost a psychedelic experience is. she today it's hard to imagine enjoying your lunch with something like this hanging overhead. though it's decorum are brought up on top like these plastic chairs are now in design classics. then in one nine hundred seventy one the release of the film a clockwork orange pushed the limits even further and not just in terms of design. rights right. by the late one nine hundred seventy s. orange had been transformed into dog westerners seeking the meaning of life by the thousands to the point to us from india their guru rajneesh attracted followers with a mix of free love tantra and group therapy though eventually this collector's insanity did come to an end.

emily: krishna, the cofounder of captivate and sarah frier, thank you. bloomberg operates a global news network on twitter called tictoc. to gounder the tesla tent under the full story on what elon musk has called production hell. this is bloomberg. ♪ emily: let's talk tesla. in "bloomberg businessweek," for news reporters took a deep, dive look at tesla's production of the model three in all of its grid and glory. elon musk has turned to robots and finery -- firing contractors and a big tent. our ceo reporter -- see you reporter joins us to talk about the different conditions faced with tesla workers. you spoke elon musk and he said he wore the same close five days in a row. what other insights did you hear from him? >> we've been watching tesla, and you know this is a company that is having a hard time, they tried to grow from making 100,000 cars he year to 500,000 cars year. elon told me this was an existential crisis point for the company. said he bet the company now three times with the roadster, then the model x. then, he bet the company with the

emily: krishna, the cofounder of captivate and sarah frier, thank you. bloomberg operates a global news network on twitter called tictoc. we go under the tesla tent to go under the full story on what elon musk has called production hell. this is bloomberg. ♪ ♪ emily: let's talk tesla. in "bloomberg businessweek," for news reporters took a deep, dive look at tesla's production of the model three in all of its grid and glory. elon musk has turned to robots and finery -- firing contractors and a big tent. our senior reporter joins us to talk about the different conditions faced with tesla workers. you spoke elon musk and he said he wore the same close five days in a row. what other insights did you hear from him? >> we've been watching tesla, and you know this is a company that is having a hard time, they tried to grow from making 100,000 cars he year to 500,000 cars year. elon told me this was an existential crisis point for the company. he said he bet the company now three times with the roadster, then the model x. then, he bet the company with the mo

is correspondent michelle the krishna who's in munich where the c.s.u. leadership has been meeting and joining me in the studio is usually a political correspondent you know has a you know a do stand by i want to go directly to michelle so we just heard that horse a hole for the interior minister made a very brief statement a short time ago what did he have to say. well basically he wouldn't talk about his offer of resignation that he clearly made behind closed doors this evening to see you so you don't see in the german parliament what he did say though is that the c.s.u. would launch another attempt of finding common ground with anglo machall c.d.u. party this of course being an attempt to save that union of these two parties that this decades old old political marriage and he also stressed that this was basically a courtesy on his side because otherwise he said everything would have been over well everything could mean anything from the his role as interior minister to the c.s.u. leaving its union with angela merkel c.d.u. party to potentially bringin

the corresponding entering krishna's in harare and sent this update as campaigning wraps up. without a doubt that we could see the freest and fairest elections in the history of the country for the first time since two thousand and two the european union was allowed to send election up service also the opposition was allowed to campaign even in rural areas that's despite all these signs of optimism there's also reason for concern will the opposition really accept the results in case the president wins and how will the powerful military react if there indeed will be a change of power. and people in mali go to the polls to elect a president on sunday while the midst of a security crisis voters in the west african country have been badly hit by violence from islamist militants to our accept protests drug traffickers and ethnic major land president abraham. is seeking a second five year term and seems likely to get it the former finance minister some say is challenging him and could push the president to a runoff extreme summer temperatures in many parts of the northern hemispher

motivation is and that looks like it's going to be happening on monday well nina stand by we have now to krishna who is and at the c.s.u. party headquarters in munich for the latest on that what are you hearing from the c.s.u. headquarters. divisional members are beginning to deve basically after eleven hours of deliberations which they then came to head when the upper echelons of the seas you party and the parliamentary group in the. parliament got together here they separated into small groups after the war offered his resignation to his own party members both as head of the party but also as interior minister we heard that from people who were actually in the room and there was a sense that there is no way back from that point but he did not make that official he didn't go on the record because the next question of course would be who would be his successor and this use you party may have soon a united front was the chance of but there certainly is quite a bit of infighting going on here as well so eleven hours and saying absolutely nothing basically canceling a press conference that clearly

is melinda crane reporting from berlin and the krishna in munich many thanks indeed to both of you. turning now to mexico where voters are going to the polls in a presidential election that's been overshadowed by violence at least one hundred forty five politicians and activists have been killed since campaigning began last year twenty seventeen it was the most violent here in mexico's recent history the fragmented criminal landscape has enabled powerful drug cartels to tighten their grip and create a culture of fear presidential candidates and former mexico city mayor has manuel lopez obrador has vowed to end violence stamp out corruption and transform the country he was among the first to cast his vote. well for the very latest we're joined now by our correspondent a few harms our o.t. who is in mexico city so if you're the frontrunner lopez obrador has already run twice for the presidency so how good are his chances this time around becoming the next mexican president. while he has a lead of twenty five points on top of his nearest challenger which is we got on my left from a cal

to tell the corresponding adrian krishna's in harare and sent us this update. without a doubt. the freest and fairest elections in the history of the country for the first time since two thousand and two the european union was allowed to send election observers also the opposition was allowed to complain even in rural areas but despite all these signs of optimism there's also a reason for concern will be opposition really accept the results in case the president wins and how will the powerful military react if there will be a change of power. now to some of the other stories making news around the world voters in mali go to the polls on sunday to elect a president incumbent leader abraham. is favored to secure a second term in office his closeness challenger is former finance minister so my last few say five years after an international military intervention to restore peace mali is still facing an ethnic violence. militants in afghanistan have killed at least two people and injured five others in assault on a training center for midwives nearly seventy people were inside the c

melanie core of the bollen adrian krishna sent us this report from harare. and tending our granny with. her effigy that is something quite extraordinary campaign events like this one organized by the opposition m.d.c. party used to be extremely dangerous brutal crackdowns by the government was commonplace that was would you know. i was beaten up and had to spend three months in hospital i was bedridden and could only eat porridge my back was badly injured and i thought i would never be able to become a father but by god's grace i recovered. because i know. now many are hoping for a fresh start with a new president the preacher and lawyer nelson chamisa. i was there. was what it was there like this is no woman who did what they got. to the past is never far behind in zimbabwe the country's economy has collapsed way down by high unemployment high fence nation and binion's and foreign that is the legacy of that eighteen years of rule by the party. now is to have them in the tree having our president open. and i am not some man on god why then take over and now

transactional sort of relationship more community based relationship krishna shandra used to work for the bank of scotland now he works for a digital bank with a banking license a number of fin tech firms here in the harbor his clients today he's on his way to see a new business partner. the company is just forty eight steps away it's a new digital debt collection company that recently began working for. bank. it's manager. says it's a mutually beneficial arrangement of course he could those are the sort of synergies that can form in the heart. of. the biggest advantage is definitely the proximity you can skip down the stairs and meet a business partner for a coffee that makes things very easy we are very busy days but can use those five minutes to swap notes had. done with them on our side. once a month as the so-called lottery lunch to encourage networking lots are drawn to decide who each with whom. lover likes to take part it's a good way of getting to know new people he only started work here six months ago as well as organizing the event the hope operators also pick up the tab.

krishna shandra and believes the hub concept has many benefits even competitors what notes but there are unspoken rules . as long as these competence don't try to head over employers. the hub opened a year ago and now some one thousand people. work here all eight floors are almost completely occupied but will global leaders necessarily follow. as most of them and we need more courage if we're going to catch up here in germany we need to be more ambitious but most of all we need more capital. several million euros were invested in the hub and it's already turning a profit but it hasn't yet made headlines with a big shift in tech idea. the financial crisis of two thousand and eight had another side effect the bankers uniform the suit and tie combination has fallen into disrepute that's why startup entrepreneurs the whole tech world actually has given up on it it seems that jeans and t. shirts have become a cold for modesty and morals but as our following example shows dropping the classic business dress code is not a guarantee that bad things won't. far too many young men these days by

krishna carrot. they were not that. when i told that off time. that the game should be over but was not over i knew it's what i was i was saying when i predict a goal. i knew it. could be an england wall to kill the game but for sure creation would have a reaction and they could also score which happened. so i think basically was on the fact that when the game was easy for england. the second of all didn't come. and then croatia when they scored the first score by the psychological point of view they had like. like over those of confidence and they changed completely the game and then in the end i think they. i think they deserve because you could even see by the number of shots in them had one shot on target they had seven or eight you could see by the way the ball possession and the control of the game changed dramatically they went over england also at that at that level and then. the mistake arrived. and and and months of kids was was having a game and the results this level he was. very very tired but the chance appears and. he put the ball

new york since krishna into the final of the world cup no eastern european team has ever won the world cup. from what you've seen i know you've watched a lot of creations games do they have enough to to to challenge at least france because i still say we're seeing it's one less day of rest of play one hundred twenty minutes three times in a row it's going to take a herculean effort. well first of all the same thing was said about croatia coming into this game although you know the extra time that they played was going to tie them out so it's the same argument now they bore pretty well didn't they against england they got stronger as the game went on you would've expected it might have been the other way round instead they were better in the second half of the stronger team in the extra thirty minutes so i think this is only peter schmeichel said. don't worry about the fatigue when you talking about that he said for the world cup semifinal and even more so for world cup final if you can get it for a game like this you know you won't find the energy for anything in this plenty of time af

some may say only belgians or swiss can master the art of chocolate making but krishna from poland is determined to prove them wrong he's been dreaming of being a chocolate tears since childhood. but. what i was eight i told my mom that i wanted to have a chocolate factory she couldn't understand why after all people who like cars don't automatically want a car factory. for years kashaf worked as an i.t. specialist for a big company he completely changed his life to make chocolate which as we know makes people happy. because of us of our i was getting promoted but felt as if someone was putting me in a gilded cage so i thought it's been five years but i've learnt enough. now i can do my old thing with us for you go. there's no mass production here to stop imports the cocoa beans directly from organic farmers in ghana and ecuador the chocolate is made in the middle of the shop a dream job but we seem in sniping is basically part of our job to me and calling quality control. it's good to. hear chocolate is made step by step and customers are allowed to join in to get out of there as you

from high unemployment and an echo economy in meltdown correspondents melanie coredump bol and adrian krishna sent us this report from harare. and tending our granny with the effort that is something quite extraordinary campaign events like this one organized by the opposition m.d.c. party used to be extremely dangerous brutal crackdowns by the government commonplace that was would you know. i was beaten up and had to spend three months in hospital i was bedridden and could only eat porridge my back was badly injured and i thought i would never be able to become a father but by god's grace i recovered. but i did because i know. now many are hoping for a fresh start with a new president the preacher and lawyer nelson chamisa. i was there. was what it was there like this is no wonder you don't know what they're going. to the past is never far behind in zimbabwe the country's economy has collapsed down by high unemployment hype and nation and binion's and foreign that is the legacy of thirty eight years of rule by the party. now is to have the military having our president up at home. and i and

which is suffering from high unemployment and an economy in meltdown melanie cora deval and adrian krishna sent us this report from harare. that tending our granny with the effigy that is something quite extraordinary campaign events like this one organized by the opposition m.d.c. party used to be extremely dangerous brutal crackdowns by the government was commonplace that was would you know. i was beaten up and had to spend three months in hospital i was bedridden and could only eat porridge my back was badly injured and i thought i would never be able to become a father but by god's grace i recovered. because i know. now many are hoping for a fresh start with a new president the preacher and lawyer nelson chamisa. i was there. was there what it was there like this is no woman who died that one day. but the past is never far behind in zimbabwe the country's economy has collapsed down by high unemployment high fence nation and billions in foreign debt the legacy of thirty eight years of rule by the party. now cheer the military having our president robert mugabe. and i am not some man and

party headquarters in berlin and krishna at the c.s.u. headquarters in new nick many thanks to both of you. on german interior minister horace a who for who is also the leader of the bavarian c.s.u. party has reportedly offered his resignation to his party who for it wants germany to turn away some asylum seekers at the country's borders by german chancellor angela merkel has insisted on europe wide solutions let's now take a look at the crack that has become a chatham for the counselor. it seems like ages ago but not even one year has passed since our give a miracle and her party won the last german elections for the fourth time in a row. but since then it has become lonely in the berlin chancellery americal could be undermined not by the opposition but by her closest allies because they simply cannot stand medical's liberal refugee policy the impetus came from this man horsey hoffa head of the small bavarian c.s.u. party the sister party to on the americans can survive c.d.u. medical made him interior minister in march but then he used

press in connection with the migration crisis let's go now to our correspondents we have michelle a krishna standing by at the c.s.u. headquarters in munich and i'm linda crane here in berlin and i'd like to begin with you what everyone was waiting for interior minister jose hope for the c.s.u. to speak first and now the c.d.u. has spoken first what was it that if general secretary i think had come current had to tell us. she basically gave a very very short statement and took no questions from the media and what she said essentially reinforces the position that the chancellor has been taking all along in this conflict with her interior minister about how to handle what is called secondary migration meaning migration by refugees who have entered the european union through another european country one of the ones mostly on the southern perimeter of europe and then seek to move on to countries like germany the interior minister has been saying he wants to move unilaterally to return those refugees to the countries where they were first registered and the chancellor has said for some weeks now

adrian krishna standing by for us in the zimbabwean capital harare this is a historic day for zimbabweans what's the mood in the capital today. well the mood is very good stereo and it is indeed as you say a very special day for the country the first post-election the first post mugabe election and that is of course for many people something special the young generation has never voted for for anybody else they've never seen the fresh faces on the ballot sheets and let's bring in one guy mr joseph who is one of the people who are waiting to vote right now just if you came here long time ago you just showed up to vote. with that even as a whole all rights and is it a special day for the country and why is that so there it is for should be for the mob well. if one is to vote so we're very excited. to vote today of course i will not ask you who you're voting for but i want to ask you what is your vision for for zimbabwe for the future what are you hoping for all we just want in life which is stable in the in a country with the economy growing was right now people are suffering do much additi

krishna, thank you tom, thank you did you guys see this latest trump tweet? that's a lot of alliteration thank you to all my great supporters really big progress being made other countries wanting to fix crazy trade deals. economy is roaring all capital letters for roaring. supreme court pick getting great reviews. capital letters there. a new poll says trumptalking about himself i like when he does that. trump at over 90% is the most popular republican in the history of the party ending with a wow. w-o-w, exclamation point >> all caps. >> no. great reviews was all caps, roaring was all caps >>> coming up, the street takes on pepsico shares are rising. we'll talk to an analyst next. at 7:30 a.m. we'll talk media and the battle for fox with ken auletta. then 7:40, the moment of the morning. scott cohn reveals the top state for business >> cohn will be here unveiling the top -- the runners up. five, four, three, and two we rank all 50 states. and these states are the elite, not quite the top state, but they are among them. we will have that coming up as we begi

version of the legislation, republican congressman leonard lance of new jersey and democratic congressman krishna. thank you for spending time with us. today is the last day or day out from your one-month recess. let's get right into this. congressman lance, why is your resolution necessary? >> i think we have to reaffirm here on capitol hill that we support our intelligence agencies. dan coats is doing a terrific job. also, i think that it's important that the russian sanctions be fully implemented. our resolution is identical with the resolution in the senate sponsored by senators flake and coons. >> are you saying the administration isn't doing enough? >> i think the sanctions should be fully enforced. i hope the administration does that. certainly, we on capitol hill in a bipartisan capacity believe that the intelligence agencies are doing a terrific job. >> did you learn anything valuable from secretary pompeo about what happened at that trump/putin summit? >> unfortunately no. it was a highly disturbing meeting that they did it in private. we don't know what was discussed. the press confere

well let's cross over live now to harare were krishna standing by adrian this is a historic day for zimbabweans how are things gone so far. indeed terry it's a very special day for zimbabwe right now you can see behind me it doesn't look that full anymore at the polling station where i am at the moment but the reason is not because no people came to vote and the reason is because almost everybody came out very early in the morning that with a massive turnout in the early mornings that most polling stations i visited some people told me they went out as early as three am four am to be one of the first people to really cast their vote and those ones i talked to many of them are really happy looking forward to this election because for the first time many told me it's an election where nobody really interfered in their vote they were not intimidated everybody is free to go to him ever they want to and this is indeed a new development here what about robert mugabe adrian the former leader who was just a year ago he has come out speaking in favor of the opposition in this election what's the reason

krishna moor thi this egentleman from pennsylvania, mr. thompson, for their bipartisan leadership and of course the chair of the committee on education and work force, dr. foxx. because of their work, the house was able to produce a comprehensive re-authorization of perkins c.t.e. which will improve program quality and services for students and support educational programming that engages all students by linking core academic content with real world work-based skill development. thank you, mr. speaker and i yield back the balance of my time. the speaker pro tempore: the gentleman from virginia yields back. the gentleman from illinois reserves. the gentleman from pennsylvania is recognized. mr. thompson: thank you, mr. speaker. i'd also like to say thank you to the ranking member for his help in leadership in getting this through the process. i'm pleased to recognize a colleague and classmate of mine from the state of tennessee, mr. phil roe, i yield one minute to the gentleman. the speaker pro tempore: the gentleman from tennessee is rk ni

coming up, claim -- glenn talk written and russia krishna bores be with the -- peace sure to watch washington journal at 7:00 a.m. eastern. washingtonwatch journal at 7:00 a.m. eastern. house night, former white press secretary sean spicer discuss the politics, the press and the president. e is interviewed by michael steel. >> ronald reagan and donald trump are 180 degrees apart from each other. and yet here we are. we are both reagan conservatives. of a dancettle bit every once and a while. how did you do it? there is no question, the president is not traditional in how he speaks. he connects the people in a way that most politicians never have. he talks bluntly, in his own style. --o not think he would've keyword have -- he would have won the election if he did not say it in his style. there is a lot of things in the election where you get politicians saying stuff and not getting stuff done. things. trump is getting done. i am a result oriented person. i think most people would agree that, if we can get the right things done for the country, that is a better place than just talking about th