especially for paul, said his friend. >> knowing paul the way i know paul and the way he could be interpreted incorrectly, i was very nervous about paul taking the stand. >> risky or not, paul was determined to tell the jury his side of the story. >> i thought, you know, if there was any way this jury thought this man was responsible for this, now they know for sure that he's not. what did the jury think? i've always looked forward to what's next. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while takin

paul: yeah. lemonis: i want to summarize the debt, as i understand it. it's made up of bank loans, legal bills, the build-out loan for this place, taxes, and payables. you said that you -- man: ah, farrell's crowd, look this way! 'cause i got something very important to say! lemonis: so, the total amount of debt... [ drums beating ] you want to hear something funny? that's the reason people don't come back here. shauna: i know it is. lemonis: it's actually annoying. it can be done in a more elegant way. i don't want to come here and enjoy a meal if it's not my birthday, 'cause i don't want to listen to that nine times. $1,940,000 is the total debt for this entire company, and you have no cash. i mean, it's just -- it's like a train wreck. paul: yeah. lemonis: out of their five locations, three are making money, generating profits of just over $600,000 last year. but when you look at the two remaining locations, their losses take that profit down to just about $250,000. and then you factor in serv

paul: welcome to the journal editorial report. i'm paul gigot. i was president trump at the g20 summit to gain a victory lap as united states, mexico and canada signed a new trade agreement known as the us mca president replace nafta a cornerstone of his first term touted the new pact is a big win for american workers but the fight is not over yet as the deal now makes its way through congress. editor pat toomey joined me now. welcome back to you for having me. paul: good to have you here. you looked at this new agreement and can you support it? >> not in its current form, paul. i think the problem is the net effect is it diminishes the opportunity for trade among the three countries and the whole idea is to maximize the freedom to trade. does that in a variety of ways that are problematic. one is expiration date. i don't know why in the world you put an extra state on a free trade agreement. paul: six years spent well, it is 16 that you review it after six with no assurance that it will be extended at that point. i really. >> i don't like what a

♪ ♪ ♪ paul: welcome to the journal editorial report, i'm paul gigot, two new court filings by special counsel robert mueller and another in southern district of new york giving a glimpse into the cases against former trump attorney michael cohen and former campaign chairman paul manafort, do they give us indication where the russia probe is headed and whether it spells trouble for president trump. welcome, kim, let's take this from the top in order and talk about russia memos first, any new information there that is of note? >> well, not really in terms of the russia probe as you mentioned, there were actually two court filings, paul, one from the southern district that largely dealt with the main crimes that cohen had agreed that he had done, tax evasion, misrepresentation to financial institutions, campaign finance violations, recommending a pretty harsh sentence for him. paul: right. >> a shorter memo to special counsel that goes to russia and we didn't learn anything, sought to details the ways in which he cooperated with the special counsel's office, the only thing new there is t

paul: why? >> because you need -- every country in the world has some kind of immigration procedures and we have immigration procedures. we have procedures for people claiming asylum. when there's this volume, it's not manageable and because of that, they had to basically enforce the law. >> it's something of a precedent for what happens when these protocols are ignored. we have the situation in europe orwhere germany dealing with -- and other western european nations dealing with people bum rushing the border and the rule of law being cast aside. paul: let's elaborate on that. a million migrants from the middle east in 2015 came into germany. angela merkel said out of compassion they will be allowed in. the political backlash has hurt the cause of immigration. >> it has hurt the cause of immigration and that -- the people who support immigration and a lot of us sitting at the table supreme court legal immigration, they're hurt most when protocols are ignored. there are legitimate ref knew feleg

paul: time for hits and misses of the week. kim, first you. >> paul, hit for speaker paul ryan. he gave his farewell address to congress peer this ends 23 years of service in the house where he will consistently nine would not always cheerfully push kids into more consistently principled positions. poverty programs entitlement taxes, he took on a speakership job he didn't want but because he was only want to unite the party he managed to get through the career ambition of tax reform, and a life of honor in service. >> is for the weekly standard haggling. this week they published the final issue of more than two decades. it was a reliable source of smart, intelligent, conservative commentary.for arts in politics and culture from great writers. the weekly reminder there is intelligent commentary from the right as an alternative to the mainstream media. i am one reader that will miss her greatly. paul: thank you. kate? >> one group of people who appear to be taking their time off for the holidays or regulators in the state of california. the utilities commission recently proposed a

. >> paul, hit for speaker paul ryan. he gave his farewell address to congress peer this ends 23 years of service in the house where he will consistently nine would not always cheerfully push kids into more consistently principled positions. poverty programs entitlement taxes, he took on a speakership job he didn't want but because he was only want to unite the party he managed to get through the career ambition of tax reform, and a life of honor in service. >> is for the weekly standard haggling. this week they published the final issue of more than two decades. it was a reliable source of smart, intelligent, conservative commentary.for arts in politics and culture from great writers. the weekly reminder there is intelligent commentary from the right as an alternative to the mainstream media. i am one reader that will miss her greatly. paul: thank you. kate? >> one group of people who appear to be taking their time off for the holidays or regulators in the state of california. the utilities commission recently proposed a

paul: thanks a lot, steve. special counsel any closer to proving collusion between the trump campaign and russia and with democrats set to take control of the house, are congressional investigations about to heat up ♪ ♪ ♪ paul: it's the story president trump throughout office, charges of collusion, charges of collusion with the russians. probe set to continue in new year, what have we learned so far about the trump-russia connection? back with dan henninger, kim strassel,mary anastasi o'grady. have we learned any factual basis to prove or disprove that allegation? >> absolutely nothing. at least nothing that has been made public by the special counsel's office, we've learned that there were some russian efforts to try to influence the election, there's been indictments against russian individuals, troll farms, people who did very minor efforts playing with social media but to the core question of whether or not the trump campaign was in any way communicating with the russians in an active effort to try to

paul: dan. >> paul, this is a hit for the bush family. this week's funeral, one word that stands out is graciousness. they graciously invited president trump and melania to the funeral despite the clear rancor. president trump in turn sent the presidential plane to bring the casket from houston, spoke well of the trumps -- the bushes, excuse me. these are the gestures that add up to a civilized society, and we saw them on display this week in washington. paul: thank you all. and remember if you have your own hit or miss, be sure to tweet it to us at jer on fnc. thanks to all of you for watching. i'm paul gigot, hope to see you here next week. ♪

paul: dan. >> paul, this is a hit for the bush family. this week's funeral, one word that stands out is graciousness. they graciously invited president trump and melania to the funeral despite the clear rancor. president trump in turn sent the presidential plane to bring the casket from houston, spoke well of the trumps -- the bushes, excuse me. these are the gestures that add up to a civilized society, and we saw them on display this week in washington. paul: thank you all. and remember if you have your own hit or miss, be sure to tweet it to us at jer on fnc. thanks to all of you for watching. i'm paul gigot, hope to see you here next week. ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to th

i'm paul gigot. from the contentious confirmation of his second supreme court justice, to a trade war with china, that is set to continue into the new year, hered with a look at the administration's accomplishments and setbacks in 2018, columnist and deputy editor, kimberly strassel and editorial page writer, kate batchholder o'dell. let's start with what do you think were the big hits, big accomplishments for donald trump his second year. >> i guess the biggest one would have been getting brett kavanaugh confirmed to the supreme court. i mean, you know, in retrospect one almost forgets the extraordinary battle that took place over the kavanaugh confirmation. including clarence thomas. i don't think we have ever seen anything like it and the divisions created and the closes closeness of the vote, lindsey graham's oration at the end. the president stuck with him through the end and he got it through. i think kavanaugh nomination those be the highlight of this year. >> paul: marianne, talk about econom

paul: thanks a lot, steve. special counsel any closer to proving collusion between the trump campaign and russia and with democrats set to take control of the house, are congressional investigations about to heat up minimums and fees. they seem to be the very foundation of your typical bank. capital one is anything but typical. that's why we designed capital one cafes. you can get savings and checking accounts with no fees or minimums. and one of america's best savings rates. to top it off, you can open one from anywhere in 5 minutes. this isn't a typical bank. this is banking reimagined. what's in your wallet? if his denture can cope with... a steak. luckily for him, he uses super poligrip. it helps give him 65% more chewing power. leaving brad to dig in and enjoy. super poligrip. ♪ ♪ ♪ paul: it's the story president trump throughout office, charges of collusion, charges of collusion with the russians. probe set to continue in new year, what have we learned so far about the trump-russia connection? back

peter's square, pope john paul ii is shot. the shooter is immediately apprehended and arrested. >> the bullest misses the main artery by fractions of inches. he always credits the blessed mother with saving him. one hand fired, but another guided the bullet. and that other is the bless the mother. >> the would be assassin claims the order to kill the pope came down from the kgb, a bombshell accusation that italian police are never able to prove. >> whether there were orders from moscow, nobody has ever been able to find them. but the soviets, they understood what a threat he was. i think the most credible explanation is the would-be assassin undertook an opportunistic moment to carry out what the soviets wanted. >> eventually pope john paul ii visits his shooter in prison. >> he decides to meet with the man who tries to kill him. he's offering forgiveness to this person who has done this horrible thing to him. that's a profound moment. >> that's justice for an unjust act. he had the holy father shows him mercy by forgiving him

♪ paul: welcome to "the journal editorial report." i'm paul gigot. a partial shutdown of the government is underway, as midnight saturday deadline came and went without lawmakers reaching a deal without funding for a border wall. blamingt trump democrats for the standoff, despite vowing to take the man tell just last week. how long is a shutdown likely to last? are the two sides any closer to a compromise, ask "wall street journal"er columni, deputy editor, dan henninger, columnist kim strassel, editorial page writer, kate odell. talk about the stakes here. we had shutdowns over holidays before,sh gingrich, clinton, in '95 that was over a huge vision of government. what are stakes here? >> that is great question. one-fourth of federal government turned into a pumpkin. when i woke up next morning people were still out there doing their christmas shopping, getting ready to travel to see their families. as far as they are concerned i think life is going on as normal but down there in washington, they're fighting, i don't, not over the funding of the fed

paul: ok. view -- the closest i can come to that is it is actually a joint causation that deregulation and all those things that fostered inequality certainly toughened and helped set us up for the crisis. i don't know if you thought about that. i am probably going to for. chair yellen: the deregulation? paul: a lot of high incomes in america are connected to the financial industry, one way or the other. at the same time the deregulation or failure to expand regulation as a financial system changed -- chair yellen: i absolutely believe that was important in the crisis. there were huge failings in supervision and regulation. that was important to the crisis now. what is the link of that in the quality, -- inequality, there may be a link, but it was certainly important in causing the crisis. paul: ok. actually --this was i'm losing track of my shuffling have been talking very much in a u.s. centric view, but in a lot of ways, this crisis was a north atlantic crisis. lots of stuff happening in eur

paul: thanks a lot, steve. special counsel any closer to proving collusion between the trump campaign and russia and with democrats set to take control of the house, are congressional investigations expedia introduces add on advantage, a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can use up until your trip starts. so whether you want to go out, stay in, or be in the middle of it all... add the perfect hotel when you're ready, and save. add on advantage. only with expedia. ♪ ♪ ♪ paul: it's the story president trump throughout office, charges of collusion, charges of collusion with the russians. probe set to continue in new year, what have we learned so far about the trump-russia connection? back with dan henninger, kim strassel,mary anastasi o'grady. have we learned any factual basis to prove or disprove that allegation? >> absolutely nothing. at least nothing that has been made public by the special counsel's office, we've learned that there were s

paul: thanks a lot, steve. special counsel any closer to proving collusion between the trump campaign and russia and with democrats set to take control of the house, are congressional investigations about to heat up? capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should be. you can open one from right here or anywhere in 5 minutes. seriously, 5 minutes... this is banking reimagined. what's in your wallet? carla is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause s

paul: thanks a lot, steve. special counsel any closer to proving collusion between the trump campaign and russia and with democrats set to take control of the house, are congressional investigations about to heat up snacking can mean that pieces get stuck under mike's denture. but super poligrip gives him a tight seal. to help block out food particles. so he can enjoy the game. super poligrip. we distributeus, i'm the owner environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet? and all thro' the house. 'twas the night before christmas, not a creature was stirring, but everywhere else... there are performers, dancers, designers the dads and the drive

paul: thank you. [applause] are watching american history tv, 48 hours of programming on american history every weekend on c-span3. follow us on twitter at c-span history for information on our schedule and to keep up with the latest history news. >> tonight on lectures in history, the university of north florida professor, david corp. right, teaches us classes about changing immigration graphics and the rise of nativism in the early 20th century. the period of most intense nativism in american history was actually from world war i until the late 1930's. that leads us to ask another question, are we getting back into that mode of enhanced nativism? are we still in nativist country? the answer i'm going to give you was no, and yes. the primary reason i'm going to say no is one really big thing has changed since the early 20th century. intermarriage. i could put up a slide like this for virtually any group, i'm going to use american jews as an example. if you look at the history of intermarriage of amer

paul van dyke this is the story of the trance pioneer. we joined paul then died at a concert in the us where he's the festival headliner and will disclose why his career first took off after the fall of the berlin wall. a boy from the g.d.r. with big dreams goes on to become a globally recognized brand but he has power becomes paul van dyke he can now look back on more than twenty five successful years in the business area is on topic sports special. when cold players festivals he's usually the headline out of his name is synonymous with the transponder and his music and joins you know this like claim. for me to learn from music when i'm from the electronic music just brings people together from completely different cultural backgrounds it doesn't matter which god you believe in which religion you follow or what your nationality is it's all just about people getting together and celebrating this music has done for me and things are moving to me will you. call still flies around the globe more times a year than your average professional pi

paul: i am paul allen in sydney. the year ahead conference is underway in tokyo, bringing global ceo's. security will be a top discussion in the coming year. what is the mood by? upbeat evenis though it started to rain this morning. theill have an all day session. lawrence, thank you for joining us. >> thank you for having me. stephen: you said japan is a core interest and priority for melco. we know there will be three licenses issued. where are we in the process now as you are shaping up will be -- what will be a bid for one of those? important.l be very i think the national government plans on establishing the gaming control board in july, then i think after that, all of the cities in the prefectures will line up with operators and consortiums. 2019 will be a year where operators like us will be trying .o join consortiums by the end of 2019 there is a possibility the bidding will have started. stephen: what kind of partnerships do you need to fill out your bid? >> partnerships is everything. it is part of our dna,

paul: thank you. and to go to your point, i think fdr created the first presidential library, and not only did he want to bring his papers and make them available, he felt it was important for the transparency of the government. he wanted americans to understand how government actually works, how decisions are actually made up to that . up to that point, presidents took everything with them, their documents were considered their personal property. he donated all of his papers, his home on the hudson river, his collection, his paintings, books, he was so committed to sharing that with the american people. since then, every president has created a presidential library where you can going to read these letters. one of our great challenges is that we have a million letters to and from eleanor roosevelt that are not digitized, it is something we have to figure out a way to do in the future. we cannot live by the great system where we have great letters in a box, if you want to you,up, and we will show at s

on the paul manafort filing, it is very disturbing that paul manafort still had communication goes with trump administration officials as late as this year. we want to know what did he talk to trump administration officials about. i also want to know, was paul manafort's attorney complicit in these lies. that's why congresswoman kathleen rice and i sent a letter to new york state bar asking them to open an investigation into paul manafort's attorney to see if he should be disbarred or charged with other unethical conduct. second, under michael cohen filing from the special southern district of new york, what they say is michael cohen's two campaign finance felonies were directed by person named as individual one. that person is donald trump. that means that donald trump also committed two felonies. third, with the michael cohen filing from robert mueller, there's a very telling line in there where special counsel mueller says that essentially michael cohen should get some leniency because he gave russia-related information core to the special counsel's investigation. that means mueller'

paul: certainly 3%. our estimates at the real neutral rate have been drifting down, they are down by about 1.5 percentage points since 2% became orthodoxy. so if you raise the inflation -- caroline: but what is really -- orl: i am a core pce, something like that. you are overly sensitive to the data, dependent on use. joe: do you think the economy is rolling over at all? we see the yield curve flattening, how the data this year has been pretty mediocre in the u.s. how robust, forget the fed, how robust is the economy right now? paul: it is -- i am not good at this, but for what it is worth we had a tax cut, that gave us some fiscal stimulus, but it is no more after this. if anything, it will fade out. the crowding out effects from the higher interest-rate, those take time. you would expect the economy to slow down. i do not know about rolling over, i do not see that. romaine: from an economist perspective, when you think about the tax cuts, why didn't we see more of that money go from businesses and roll

paul: not really. no. lemonis: how come, paul? paul: all the tension and stress of locations and closing, and that all fell apart. lemonis: it didn't fall apart on my end. my money got spent. i haven't gotten one license fee of any kind, not a penny, not a nickel, not a dime. paul: we're trying to hold this together. lemonis: what do you want me to do? i need you to give me some direction. paul: work with craig on a temporary lease agreement. lemonis: you want me to work a deal out with the landlord so it lets parlour off the hook? yes or no? paul: yeah. lemonis: great. no. paul: what you brought up a couple of days ago was not true. i didn't have the proof. and you do this to me time and time again. mike: paul, i'm not going to go back 6 months and try to remember. i don't know. paul: that's a lie. lemonis: i'm here today at t-mobile get the unlimited plan with the latest phones included for $40 dollars! we're included? included! ♪ ♪ at t-mobile get the unlimited plan and the latest phones included for $40 dollars. feels so g

paul: i'm paul allen. on the sidelines of the g20, russian and saudi arabian leaders spoke about the future of oil. he agreed to extend production cuts into 2019, providing optimism for higher prices. ramy inocencio has the details. with oil falling 30% since -- the opec member nations and russia are trying to get a floor, and they could be on the way to the spirit you could see the happiness there between mohammad bin salman of saudi arabia and vladimir putin. they were fist bumping each other. other delegates also gave their blessing. there is no formal declaration, but we are awaiting that to happen in vienna. the opec president, the uae energy minister, said technical teams are working on some level of cuts. mr. putin came out with a statement and said there is no final decision on volumes, but with saudi arabia, we will do it . he said it will be data dependent, they will monitor the market situation and react to it quickly. a lot of this has to do with crude. go into the bloomberg terminal. we can se

paul krugman: wow. so people did actually -- they didn't just say nothing will ever happen, but, all right. boy. janet yellen: this is material in the public domain so the fed was contemplating that house prices could fall and this could have a serious negative impact on the economy, but didn't see a financial crisis or what happened. paul krugman: okay. interesting. i want to pursue that but i think i want to ask a few other things. i want to talk a little bit later about what it was like being fed chair. i guess you would still have been at the san francisco fed when all hell broke loose at lehman. janet yellen: yes. paul krugman: but you were in the fed system. what was the state of mind, the central bankers in general, during the really extreme crisis? were you -- were people sort of saying, oh, my god, this is the end of the world, or were people fairly confident that they could get through it? janet yellen: well, i was certainly saying it was the end of the world. and most of the people that i dea

paul: how did that work out? in 2016.i finished it it was fun because as joe said her vision was profound. it turns out not only was her vision profound, her writing is profound. she wrote 27 books. manyss articles in different venues. column from 1936 until the end of her life. we was very blunt and now have more and more of her letters which is a most incredible story. everywhere she went, literally, around the country and the world, she loved meeting people and she only had one introductory presentation. tell me, what do you want? what do you need? vision was dedicated to changing the world. people needed and wanted food, --s, economics appear ready economic superiority, justice, freedom, security, peace, education. some of her most powerful articles are about the failure of education. not just education in the three arts. she was insistent in sports and music. loved music.velt later years she waited for her grandchildren to come , she loved jazz, she loved folk music. she took her grandchildren to hear floren

paul: i am paul allen in sydney. we are waiting for new numbers on the australian real estate market later monday morning. we will have october building approvals, and they are expected to show a contraction from the previous month. aussie property has been attracting bears likely -- lately. we have this man among those. he is warning about what used to be the hottest of hottest housing markets. thank you. to paraphrase, when you talked about the australian recession, the housing correction -- >> in some ways it is, and the timing is quite helpful because the rest of the economy is doing well. the unemployment rate is at a 6.5 year low. gdp at a high. a correction, now is really the time for that to happen. because the labor market is holding up well, people have jobs, interest rates are low, you are seeing the correction happening in a fairly orderly fashion. it is not distressed sales driving the decline. it is not that interest rates have risen. there is a correction going on. and it is when the economy is doing w

paul: and i'm a paul allen. you are watching "bloomberg daybreak: asia." >> iran has threatened to close a strait if the u.s. shuts off oil exports. the president says no crude will leave if washington goes through with sanctions. almost a third of all oil passes through this strait. president trump said he is willing to negotiate, but iran make use -- rejected the offer of talks. the latest investigation into struggling investment funds is so many more witnesses, including the former president. the former government to secretary and auditor will also be questioned. publicirman of the accounts committee refused to roll out the possibility of the former prime minister being called in. and the french government bl inks first in the battle on fuel hikes and price of living. macron has long prided himself on sticking to his guns, but he has now reversed course and is suspended a rise in fuel taxes for six months. the decision raises new questions about the president's list of reforms and plans for next year. >> we w

paul: welcome to daybreak australia. i'm paul allen in sydney. kathleen: and i'm kathleen hays. ♪ paul: here are the top stories we are covering in the next hour. moving the markets? that jay convince powell is safe at the fed, but general mattis is moving out early, and the trade war may see a christmas breakthrough. kathleen: paul, we opened the show with breaking news. the bloomberg news team in washington reporting a couple things. steve mnuchin talking to representatives from the biggest banks, wanting to calm them before the open. he is telling them that trump fed chairested firing jay powell. that story -- broken by bloomberg news, i might add -- on friday afternoon. this is important for the here as they are getting ready to open. let's get to a quick reminder of how the markets did. let's start the bottom. entered into a bear market. sincenow down about 21% its peak in august, august 29. down 16%o the doubt, since its peak in early october, 17%.&p losing 2%, now down the nasdaq in a bear market, the dow and the s&p 500 flirting with a

this is bloomberg. ♪ paul: i am paul allen in sydney. shery: i am shery ahn in new york and you're watching "bloomberg daybreak: australia." to cut or not to cut, saudi arabia's energy minister says it is too early to see -- say whether opec and partners will reduce output indiana despite seeing an oversupply -- output in yen a despite seeing an oversupply. >> saudi arabia is an advocate for stable, global oil markets. we need to get together and listen to our colleagues, here about their views on supply and demand, the projections of their production.s shery: joining us now is tamron esther. when you hear all of these comments coming out of the policymakers, what you understand -- what do you expect to come out of the meeting indiana? in the agreement is not back right now. saudi arabia has to convince russia to get on board. russia has been flexing their muscle and they are in a better fiscal position today than they were in 2016. his aboveil prices $40. they really need to get the deal done, russia does not need to get the deal done q

paul van dyke this is the story of the trance pioneer. we joined paul van dyke at a concert in the us where he's the festival headliner. and will disclose why his career first took off after the fall of the berlin wall. boys from the g.d.r. with big dreams goes on to become a globally recognized brand but he has held becomes paul van dyke he could not look back on what in twenty five successful years in the business area is on topic sports special. when cold plays festivals he's usually the headliner his name is synonymous with the transfer and his music and joins you know like playing. a new tone for music when going from no electronic music just brings people together from completely different cultural backgrounds it doesn't matter which god you believe in which religion you follow or what your nationality and if it's all just about people getting together and celebrating this music or. moving to me we. still flies around the globe more times a year than your average professional pilot music magazines have voted him the world's best. ti

i don't say that as an outside opinion, i'm judging paul ryan tonight through the facts and on the paul ryan standard. ♪ the united states postal service makes more holiday deliveries to homes than anyone else in the country. ♪ with one notable exception. ♪ who doesni do.ve a deal? check out the united explorer card. savin' on this! savin' on this! savin' in here. rewarded! learn more at the explorer card dot com. let's do the thing that you do. let's clear a path. let's put down roots. let's build something. let's do the thing that you do. let's do the thing that changes the shape of everything... that pushes us forward and keeps us going. let's do the work. ♪ applebee's bigger, bolder grill combos are back. now that's eatin good in the neighborhood. constipation until my doctor direcommended miralax.my stimulant laxatives forcefully stimulate the nerves in your colon. miralax works with the water in your body, unblocking your system naturally. miralax. now available in single serve mix-in pax. but he has plans today.ain. hey dad. so he took aleve. if he'd taken tylenol, he'd b

and to paul, it is never personal. it is always policy. saw paul mosti often in the gym. how you lift weights for eight years and still have such little muscles is amazing to me. [laughter] if you thinkt about it, kevin mccarthy has worked out for eight years and then cardio. [laughter] if you're looking for paul ryan in the morning between 6:00 and 7:00 a.m., you'll find him in the gym, leading republicans and democrats in a workout. one morning in 2012, i stopped him, and i said "paul, do you think you ever would consider running for speaker of the house? you ever think you would be our speaker of the house?" he put his hands on my shoulders and he said, "i love you guys, but i don't love you enough to be the speaker." and he was right. 2012 had something else in store for him. mitt romney picked one of us, anouse die -- a house guy, ideas guy, to be his vice presidential candidate. picking him to be a heartbeat away from the leader of the free world can change people. it could. 'but for those of you who remember paul tripps -- who ip, he had nots tr changed one bit. sa

paul: and i'm paul allen in sydney. s&p 500 futures started training a short while ago, currently a lower, as you might expect. there is the trump versus paul dispute, the government shutdown, the early departure of defense secretary mattis. typically this time of year is quiet. but we are entering a bear market. let's look at what 2019 may hold in the face of all this upheaval. steveg us from singapore, n. thanks for joining us. there is a laundry list of inks for people to be bearish about. which of those are top of your mind? debate -- ihe fed cannot remember a fed rate hike lasting this long, and we continue to hear a vocal minorities suggesting the fed has made a policy error. that certainly does not rate for investor sentiment. do you think that the fed has made a policy mistake? we've been talking about that rate hike for what feels like forever. the markets knew it was coming. did this twitter were the president trump has been raging on jay powell -- didn't just make it a lot worse? yes, it just adds to the moun

and to paul, it is never personal. it is always policy. saw paul mosti often in the gym. how you lift weights for eight years and still have such little muscles is amazing to me. [laughter] if you thinkt about it, kevin mccarthy has worked out for eight years and then cardio. [laughter] if you're looking for paul ryan in the morning between 6:00 and 7:00 a.m., you'll find him in the gym, leading republicans and democrats in a workout. one morning in 2012, i stopped him, and i said "paul, do you think you ever would consider running for speaker of the house? you ever think you would be our speaker of the house?" he put his hands on my shoulders and he said, "i love you guys, but i don't love you enough to be the speaker." and he was right. 2012 had something else in store for him. mitt romney picked one of us, anouse die -- a house guy, ideas guy, to be his vice presidential candidate. picking him to be a heartbeat away from the leader of the free world can change people. it could. 'but for those of you who remember paul tripps -- who ip, he had nots tr changed one bit. sa

remember that paul manafort, if we back up to who paul manafort is, michael flynn is someone who is having lots of relationships with russians at the time that he became the adviser to donald trump. we know that manafort actively sought out a role with the campaign because of his financial problems including his financial trouble with putin oligarch, very close to the russian government and to putin, and that he was -- there was a communication early in his involvement as adviser with the campaign around -- with konstantin kilimnik if i call correctly that was remind me where i am and will this help me fix things? >> will this make me whole? >> exactly. so this notion that there's nothing embedded in this that suggests a connection to trump is false. the fact it's not stated there explicitly doesn't change thing. >> maybe he came to the campaign to try to make money or maybe the russians wanted him to come to the campaign. >> and roger stone is the one who connected him, that's the next shoe to drop, i think. >> paul butler, i know you're there. i want to bring you in. >> yeah, because i w

paul: welcome to "bloomberg daybreak: australia." i am paul allen in sydney. shery: i'm shery ahn and bloomberg's headquarters in new york. >> we are counting down to the major market open. paul: here the top stories we are covering. oil slips after opec and allies --er plans to president trump is saying china is sending strong signals about a trade deal but it is unclear on what was agreed last week. -- r.b.i. shery: your stock and bond markets were closed today. this national day of mourning and remembrance for former president george h.w. bush. we got u.s. equities trading higher in the morning session. we will get them again trading in about an hour. energy futures were trading 1%.wti slipped to 6/10 of we have become a terry coming out of the opec plus meeting. not the concrete deal on more production cuts, really no specific numbers out of that. we did get the british pound trading and fluctuating between gains and losses. we have seen more concerns over the brexit deal, prime minister may really having to be forced to publish their secret legal advice o

paul: and i am paul allen in sydney. i believe we are getting a check of the latest business flash headlines. morgan stanley says forbes $11 billion restructuring plan could cost 25,000 staff their job. d has yet to delay job cuts. they expect much of the turnaround plan to focus on an operation morgan stanley value that -$7 billion. they have firmed up the stock return goals. hiscompany must raise possible jackpot. eiger -- iger could receive --ey if the stock return over the four years, ending on december 31, 2021. assetchicago-based management is cutting at least 125 people as losses and client withdrawals erased $4 billion. the hedge fund eliminated 40 people and plans to lay off more back office staff before the year is out. 2018es say they started with 11 point $3 billion in assets and expects to enter next year with $7.3 billion. shery: that's get a check on what's going up. yvonne, what are you watching? yvonne: autos in china. after that, the vague tweet we got on the president talking about how china has agreed