Transcripts For ALJAZAM Real Money With Ali Velshi 20141015

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has "real money" you are most important part of the show tell me what's on your minds by beating me at ali velshi or fates book d .com/alivelshi. oil prices are plummeting. it may not be a good news. don't tell me you haven't noticed it already. crude oil fell nearly four bucks a barrel today to set at 81.84. four bucks is the biggest one-day drop in nearly two years. oil is now about $25 a barrel cheaper than it was back in mid-june, and oils pain has been your gain. gas prices falling below $3 a gal none some parts of the country rich. now i want to you think beyond your gas tank and consider some of the worrisome reasons that oil bryces are falling today. the international energy agency, in global oil demand this year, by 22%, to the slowest pace in five years. it also cut the forecast for next year. now, listen, demand is still growing for oil. it just means it's growing at a much slower rate. the reason for the slow down is simple and serious. weaker global economic growth. we got another sign of that today when the german government cut its economic forecast for this year and 2015. remember, germany's important. germany is europe's biggest economy and its troubles have some people uses the dreaded red cross word, as in recession. weaker growth in china taking a toll a oil prices. fear about where the global economy is heading is one big reason the u.s. stock market has been so horribly volatile late 4reu6789 wiping out hundreds of billions of dollars in wealth. this is the 22% i was telling you about. this is the stock market. and how it's performed. just in this last month. this may reflect what's going on in your 401k or other retirement accounts. today investors got a bit of a break from the wild ride. the dow industrials lost about six points, less than 1/10 of a%. s & p actually rose .2% of a%. and nasdaq .3. oil's bu big plunge knocked the wind out of the sails of a rally today. that's a big reason to applaud the drop in price of oil. there is more at stake than just a price of a gallon of gas. one way to counter plunging oil price is his to cut production, as a told you last nice what's that venezuela wants opec to do. a member of opec, spring that way called for an emergency meter of cartel members to address the oil glut. but so far the demand is falling on deaf ears. saudi arabia and kuwait have refuse today cut production. >> the request he is how long willow peck remain at this impasse if oil prices keep falling to him answer that i am joined now from philadelphia guy a guy that knows a lot about oil prices and how opec works, stephen short is the founder of the smork report. he says despite the rhode island rift. opec is a dealt at managing the global market which makes me wonder how they let oil drop 25 bucks a barrel. we used to see relatively minute adjustments made by major exporters like venezuela and -- major producers to keep oil in a relatively narrow band. we have broken way out of that band right now. >> indeed we have. ali. let's just be came opec influences price, but doesn't have a control on price. so the great thing about commodities is you just have to understand two things, demand and supply. on the demand side you alluded to it earlier. i.e.a. forecast cutting demand to the lowest low since the great vision. that should give us all fear. also with regard to europe, we have had numerous downgrades to economic growth by the i.m.f. over the past two years, in return we have had a major rally in the u.s. dollar, the strong u.s. dollar is barish for crude oil prices. the and progressly the biggest black swan event for economic growth is the out break of the ebola virus. there is a direct correlation, we have precedence, we have the bird flu epidemic in the 1990s which slowed for two quarters asian growth. we had the sars out break earlier part of the last decade. now ebola. and that produces a tremendous threat to the demand side of the equations, so now -- >> tell me how that works. where do we see demand dropping off, is it because people travel less? >> indeed, yes. with regard to the avian bird flu and sars and now ebola, yes, we have had significant plunges in the price of jet fuel which has the knock-on effect of depressing oil price says. also now looking again if this turns in to this, you know, retards economic growth it will cut in to demands both on commercial side and on the retail side. so now we look at the supply situation. first and foremost the forward curve in prices really indicates that there is an existing glut of supply. now, let's go back to the summer, we were in a significant bull market in oil prices in january in to june. june prices peaked. right when the news with regard to iraq in isis and the fear of what that might do to iraqi oil production. and yet prices peaked at that point. we were also in a situation back in the beginning of the summer that libyan oil production was virtually nil because of ongoing civil strive there. so now we get through the summer, we are in the weakest demand portion of the year, the iraqi barrels never went missing. the libyan production is now back up to eight, 900,000-barrels a day. so we are getting the oil to the market at this point. now you throw in the situation with opec, the strive, hey, i get it. the venezuela wants to cut production, they want higher oil prices because they need higher oil prices. saudi arabia doesn't need the money right now. >> that country, venezuela has been so mismanaged their long bond right now is trading at 60 cents on the dollar. now, the question is, why is saudi arabia with legitimate concerns of demand and the potential of a recession, why is it going to sacrifice its market share like it's done in the past? but why is it going to do it at this point? when, by the way, there is still a growing rift between sunni saudi and shia iran so the a ryne vinnies are much more dependent on higher oil prices this is th the way of saudis trg to kill a two with one stone. >> is it because of the american oil production. there is talk that they are trying to drive prices solo so it's too experience for the shale oil and tight oil in north america. >> i appreciate that argument. i don't put a lot of weight in that to argument. united states right now for the first time, for this past year for the first time in 20 years we are now producing more oil than we are importing. the problem is here in the united states, and this is an argument for exports being allowed from the united states, is that we are producing so much oil it's great oil, low sulfur, very light, very easy to make gasoline, the problem the united states is we don't have the refinery to his maximize that output. so why don't we swap out these barrels, export the high end barrels, export caviar buy back the tun tuna fish the lower quay oil need it's a win-win on both sides of the equation association with regard to saudi no, i hear that argument being made by the u.s. oil patch. that is -- i will put that down in the third or fourth level. >> got it. >> as to the saudi's motives. >> you always make it much clearer for us. pleasure to talk to you as always. the founder of the schork report. >> thank you. all right, t -minus three weeks until election day and candidates on both sides of the aisle have been touting the state america's economy the good, bad, and ugly in order to earn your votes, kevin the director economic policy studies at conservative think tank american institute. he says lower oil prices could spell trouble for the democratic party. join joining me from washington the. typically if gas goes down 10 cents a gallon really cross the country and if it keeps going down, usually there is a bits of a lag between the price of oil and gasoline, isn't that good for the party running the white house? >> right, well these things can go both ways, so if we get a big increase in supply, then the price can go down if and that can lower gas prices and make people really happy. but what's going on right now is that the world economy is slowing if not sharply, then at least significantly. if you look at europe, for example, the german economy which has been holding europe together, it looks like it might be headed towards recession. asian economies aren't doing so well china certainly not growing as quickly. with all of that you have lower energy demands, lower demand for u.s. exports, a lot of things that could push the u.s. economy down as well. and so normally oil prices going down is a sign that something good is about to happen. but in this case it's not it's a sign of global weakness which is very concerning. >> i just got back from europe i was in poland where they are really suffering. they are feeling the impact of the sanctions on russia and the sanctions that russia has -- the counter sanctions russia has imposed. germany is a different situation. it's a stronger economy mirk it's an industrial economy, it's an exporting economy. but it relies on that natural gas, it rely on his energy prices to keep that engine going. and it's feeling this hit. but, again, how does the voter connect that to president obama and the democrats and republicans running in their district? >> oh, you know, i think that we could have a long debate and i know you and i have over the years about president obama's policies. the near term truth, though, is with equity markets dropping a lot, economies slowing, people feel more anxiety about the economy going in to the general election. and historically when that happens, the party, the president suffers -- party of the president suffers whether it's just or not. republicans are going momentum and the bad economic news sucks life out of democrats. >> if someone shows you can, a the example i use is a mar martian. i can parents a beautiful picture of america, 225,000 jobs created every month. unemployment dropping. the price of gasoline going, natural gas half of what the world pays for it. interest rates dropping and housing price going up. there is another sides to this, though? >> there sure s the jobs report, the last jobs report was fantastic. the thing, though, is that again, h equity markets are forward looking. if you look at the world economy and the destabilization from the radicals isis may be causing a real calamity in iraq, and fears over ebola having it start to affect air travel and so on, all of these hank sid anxieties pluk economic data will continue to affect economic markets negatively as we go towards elects and that will have a pressing effect on economic activity in the u.s. which we don't see in the data yet. i gotta say that the latest jobs report number is the thing if i remember a democrat that i would be talking the most about it was a solid report, you are exactly right. >> let's talk about this. we have talked about jobs for years, and now it seems like, and you predicted this, by wait, you said we create this many jobs, if mitt romney were president if obama were president. we are creating the right number of jobs, but what we didn't foresee back then, make you did, i didn't, is that we could still be creating all those jobs and wouldn't see wages moving higher for middle class americans. >> yeah, the wage data maybe they started to tick up, but if i am right about the outlook for the fall, then whatever progress we have been making on wages salt lakely to slow down a lot as well. i think that, again, wages are set both by the demand for workers here at home and, you know, that certainly has some effects, but also by the demand for products and whether they come from home aura broad, which will influence the demands for labor, of course, but one of the problems that we have is a lot of high-paying jobs, manufacturing jobs, have suffered a lot of stress raid and so that people in those sectors have seen their -- either their wages decline or lost the jobs. and then the jobs that they have gotten again have been in lower paying areas. >> let me ask you something. >> uh-huh. >> sorry we have seen manufacturing output increase in the last few years in america, we haven't seen a commensurate increase in manufacturing jobs and i think you and i would agree that the fact is we are more efficient, we don't actually need to see every manufacturing job come back, but right when we see this, this greater strength in manufacturing and exporting, we are saddled with the higher dollars, is there anything that we can do about this? american products are becoming more expensive in a world where the economy is slowing down . >> right, because especially in europe they are trying to get the euro to be weaker so they can increase demand for european products and stave off a european-wide recession that's looking more and more likely. absolutely the strong dollar will reduce the did he planned for our exports and that will put negative pressure on economic growth here. we have been stuck in the 2% growth rate and looks like we were getting ready to bust out but i am worried the forces we are seeing in the last month are pushing us back and back fast. you city already in equity markets and debt markets as well which have really, really rallied. so the fact that interest rates are going down so much means that people anticipate that central banks around the world will have to put their feet back on the gas. >> no kidding. all right. kevin always a pleasure to talk to you thank you no joining us. >> thanks, ali. >> director of economic policy studies at american policies institute. he teed up my next section very well that the american dollar is getting strong every day. sounds like good news but there is as kevin hint eight downsidal i will tell you more about that coming you feel plus the new rules forcing companies like apple and google to find another tax shelter, those stories and more as "real money" continues. keep it here. >> a firsthand look at the isil fight >> you can see where the bullets ripped right through... >> refugees struggling to survive >> the government, they don't help us... >> but who is fueling the violence? >> if they had the chance to kill each other, to make more territory, they would do it >> fault lines, al jazeera america's hard hitting... >> today they will be arrested... >> ground breaking... they're firing canisters of gas at us... emmy award winning investigative series... new episode iraq divided: the battle against isil only on al jazeera america it was a good summer for some of the nation's banks. let's tart with jp morgan chase, the largest bank by assets, it says it made $5.6 billion from july through september that's able incredible turn around from the $380 million it lost in the same period last year. the bank says legal costs continue to hurt the bottom line and it set aside another billion dollars to cover legal costs. both sit see group and wells fargo also reported summertime profits, citi earned $3.4 billion. the bank also announced it would dow out obow out of the retail banking in living markets mostly latin america as part of an effort to slim down since the financial crisis. wells fargo said it earned $5.7 billion thanks to gains in commercial and consumer lending. banks and other companies with global operations face a growing threat to their profit that his may surprise you. it's the u.s. dollar. it's been strengthening and for good reason. the u.s. economy is recovering while other countries in europe and asia are struggling. mary snow looks in at the potential downside of the strong dollar. >> reporter: after a long slump, the green back is showing some gusto. the u.s. dollar has been on a tear, rising 7 1/2% since july as other major currently like the euro and yen have weakened. it's a positive sign the u.s. is bucking the trend of slowing economies in europe, china and japan. but timing is everything. as the federal reserve gets ready to increase interest rates it's now worried about the stronger dollar. >> a stronger dollar tends to reduce import prices, and you know, what the fed is trying do right now is kind of try to lift inflation a little bit. so it makes their job a little more difficult, you know, if you have the dollar really strengthening here. >> reporter: americans can buy imported goods at cheaper prices. the downside is that companies exporting everything from food to engines to technology, can suffer. g.e. is one example of half of its receive revenue is from overseas. >> about 50% of the companies on s & p list of companies earn a very large share of their revenues overseas, they have huge exposing our overseas. >> reporter: economists points out ex-ports make up about 13% of gross national product. for now they see the impact on the economy limited. the wildcard is the dollar and how much it will rise. mary snow, al jazerra. >> so what does a stronger dollar mean for americans, there is only so much we can learn from the big numbers, i want to talk to a small business owner and get the real story of what t happens when u.s. goods get more expensive for customers in other countries. it's bad news for u.s. exporters like gotcha to get. the to get meat business run by david martin who is joining us now from atlanta. great to see you again, david. we have enjoyed following your story, the story of a business that started, you know, really here. it was a domestic business, you remember making male products for the domestic market, you started export, so a stronger dollar should help you at home. but it hurts you when you are trying to sale your goods overseas? >> actually, ali it also hurts us at home. gotta consider as someone indicated, when our dollar goes up, imported goods become cheer. one of the problems that we encounter is that 90% of the to get meat sold? the united states is imported from australia and new zealand. it's a cheer products, it's an inferior product generally what we refer to as a farrell animal that runs loose, the other part that have is that that meat may be frozen two years and customs will still allow it in. so the farmer has to compete with this item and we are trying to help the former build their existence as well as putting these products in to the marketplace. >> david, when we started talking about your business, the idea that you would be export to go country, people watching these segments find them fascinating, that you export goods to brazil, a place that, you know, is a meat producing country. this was a hedge against a slow down in north america, now you have the opposite problem, you are seeing slow downs in other markets compounded with a stronger dollar that makes it more expensive to buy your goods. >> this is very true. you know, one of the things that we also have to look at is we are running in to other problems, supply and demands as the other guest spoke about a few moments ago. just like in the products going to brazil and the pork business. we have a situation where you -- american pork is not owned by america anymore. you have to understand that china bought smithfield, which is the largest pork producer. so they are exporting a lot of our pork. plus we had a major disease last year, a diarrhea virus that killed a lot of -- off a lot of our pork product. >> so now tell me about how your business has evolved? when you started were you 100 percent american products for an american audience? and how has that evolved overtime? >> well, we are still working a lot in to domestic market. i would say probably 80% of everything that we are doing is still based on a domestic market. probably about 20% between all of the companies we are involved in are exporting. we find that there are some ups and downs, sometimes we are able to do real well in exporting exg some times we realize because of the dollar we are not selling as much because we are not as competitive in those markets as we once were. >> and how quickly do you see that happening? i mean, do you see that over a course of months or half a year or can you see it in a matter of weeks when the dollar strengthens versus somebody else's currency, or when the u.s. economy shows strength versus a slower brazilian economy? >> mine, it took several months, it's not immediate like right now, we are still waiting on the impact as to how it will really affect our business. we are looking at talking to our team and we are making some assumptions, based on where we see things going, where we see prices going, do we anticipate that the prices of imported product will be cheaper? yes, which we realize will hurt us a lot because the strong dollar the farmer wants more money for their product. which will hurt us when we try to sell that product in a grocery store. if i go to a grocery store and tell them i want $4 or $5 for a u.s. domestic to get product, he'll look at me and tell me that's not acceptable because he can get that same product for $2.50 coming in from australia. >> but this is the complexity of being a global businessman. now, are you rethinking your philosophy of hedging your bets about doing business in america and exporting or do you think it's the right thing for the long-term? >> no, i think it's the long right thing for the long-term. we wouldn't change. what we have to on is find economies like the united arab emirates which is not having the same impact and we can still sell u.s.d.a. products to those parts of the world. see, they want u.s.d.a. products. and they are willing to pay the cost. so a higher dollar won't impact their buying strategies. >> all right. good to talk to you as always, dave i would. we'll continue to follow your success and appreciate all of these risks that you are taking and sharing with our view, he david martin joining me from atlanta. vladimir putin is looking to the east to ride out the sanctions imposed by the west. that's coming u plus how mark zuckerberg is taking action in the fight against he bowl a isolated by the west over ukraine, russian president vladimir putin is pivoting to the east, he met today with chinese prime minister who is in moscow to sign a series of trade deals he worked out with russian prime minister med jeff. there are plenty of russian businesses eager to explore potentially a lucrative chinese markets. >> reporter: if only the technology could be applied to russia's economy. nano tech makes super thin to get cotings for industrial equipment. protecting it from abrasions and shocks. but unlike many russian businesses suffering the financial shocks and abrasions link today western sanctions, pavel is optimistic. he's looking east. >> translator: thanks to cooperation we are entering the chinese market. you can talk about the scale of the market by the fact that the capacity based on our technologies with our chinese partners is over 100,000-tons of production annually. and this is just with one company. with cooperation, we are trying to he enter the wider market. >> reporter: pavel is due to sign the big chinese deal this week. he says he prefers working with chinese companies that they are less conservative than europeans and it's easier to get stuff done. such sentiments are news together russian government's ears as it too tries to tourneys. prime minister dimitri is hosting chinese counterpart for an annual meeting of the two country's premiers. >> translator: i consider it important that in spite of the difficult situation and investment, we are opening up new possibilities. >> translator: this year when the situation of international trade is acute between january and talk the turnover between our two country is his growing dynamically, this fact shows by itself that we have huge potential for cooperation. >> reporter: so what kind of china, russia cooperation are we actually talking about? well, for one there is ideal to supply china with gas, for 30 years signed back in may and were something like $400 billion, then there are touted partnerships in high speed rail, space, finance, and infrastructure projects, all in all, russia says that its annual trade will double to $200 billion by 2020. but china knows russia's options are limited. moscow is unlikely to get from beijing the kind of human rights criticism it often receivers from the west, business will be business, but russia might not get as good ideal as it was hoping for either. rory chall challe's al jazerra, moscow. ireland is getting rid of a tax loop that multinational corporations have used to save money for years, they end to years, companies using them don't have to stop until the end of 2020. both the european and u.s. have criticized the loophole for allowing companies like google and apple to cut their overseas tax rates down to single digits. the swing tax changes were announced as part of ireland's budgets. it's first in seven years without new austerity measures. it's a stunning turn around for a country that was saved from bankruptcy by a bail out from the even u. and the international monetary fund just four years ago. coming up then, ther next theree what to put it. we are at what we are ebola. the government says it could cost tax bears more than a billion dollars to fight the disease and that doesn't count the price of treating patients, estimates for care go as high as $5,000 a day. that story when we come back. >> robert kennedy jr., >> american democracy is rooted in wilderness... >> his fathers lasting influence >> my father considered this part of our heritage... >> coping with tradgedy >> the enemy of any productive life is self pity... >> defending the environment >> global warming is gravest threat... >> every saturday, join us for exclusive... revealing... and surprising talks with the most interesting people of our time... talk to al jazeera, only on al jazeera america >> an american votes 2014 special report kansas >> in our state, government is broken >> a tea party governor has made drastic changes >> the highlight of this is... eventually doing away with income taxes... >> the democratic challenger says, these policies aren't working >> we are trailing the states in our region >> can governor brownback win again? >> i think you spend your money better than the government spends it.. >> america votes 2014 battle for kansas only on al jazeera america there are alarming new figures out today about the ebola virus. the world health organization says ebola has a 70% death rate and even as the campaign to combat ebola intensifies, world health organization says the number of new cases could reach 10,000 per week by december. now, these are worldwide numbers and mostly from west africa. but make no mistake we are at war with he bowl a here in the united states, health officials say that they are actively monitoring 76 hospital workers in dallas who may have had contact with thomas eric duncan or his blood when he was being treated for he bowl a the centers for disease control says that doesn't mean they were directly exposed to the virus, it says none have any signs of ebola and they now are two-thirds of the way through the incubation period, which is the riskiest time frame. the urgency behind the disease has motivated facebook founder mark zuckerberg to donate $25 million to the centers for decrease control to help fight the epidemic. one of the more difficult aspects involves handling the waste from patients with disease, that's a dangerous and expensive ordeal, jake ward is in dallas for us tonight. jake, the cleanup process is costly. >> reporter: well, ali, it's extremely costly. and it involves cost that his most hospitals haven't had to bare before now. when you look at the waste generated by each patient it involves an incredible amount of very expensive and disposable gear worn by all of the healthcare providers, each of whom has to switch up that stuff every time they see a patienter you don't get to wear it out to lunch and come back wearing it, you have to dispose it of every time. that's hundreds of dollars per healthcare provider per visit per patient. then all of that stuff has to be processed in a very special way. you are not allowed to simply put it in to red bags and carry it out in to the night. and ship it off to a landfill. you ha to do some very special stuff to it. you have to either incinerate it on site, many hospitals do not have that kind of capacity, or you have to sterile eyes it, using what's called an autoclave which everybody the small ones are 15 or $20,000. that terrell saying process is what it takes to then get the federal permit from the department of transportation that allows to you carry that stuff out. it's almost like carrying nuclear waste. if you just trying to carry it right out in to the night it's snag federal government does not want to you do. you need special rules and special investment to get it done. that's really just the beginning of what hospitals are going to have to spend on this. >> and what degree -- cost san issue and i will talk about that with a guest in a moment. but are these hospitals prepared, do they have what it takes setting aside the cost? >> reporter: certainly texas presbyterian hospital is not ready for anything more than it has seen. it does not have industrial sized autoclave on site to sterilize stuff it, has an incinerator and small autoclave but can't load two gown examines and three pairs of gloves and bonnet and, you know, everything else that goes in to each visits with a patient in to the autoclave that they have. so your average regional hospital is not ready to deal with the level of biohazard waste that an ebola victim generates. and that's not even getting in to the kinds of the costs that you look at when you talk about the need to isolate patients, you have to kick other patients out to make room for an isolated pay shefpblt you are not allowed to just put them two in a room. plus you are talking about just the almost uncountable damage to a hospital's reputation. in the time that we have been here at texas presbyterian, its emergency room has been a ghost town. nobody is coming in to this facility. and that obviously is, you know, has something to do with people's fear of ebola. and so ebola i think has almost uncount believe costs for the healthcare system in general here in the u.s. >> jake ward always a pleasure to talk to you, jake. even when it's a tough conversation like this, at least you help us by giving us a little bit of information about things that we are worried about. jake ward joining us from dallas. fighting ebola as jake said both abroad and at home could cost taxpayers a billion dollars without even including the cost of treating the virus in domestic hospitals. health experts estimate that treating an ebola victim could cost between $2,005,000 a day. and that may be a lowest mat. garrard anderson is a health policy professor at john's hopkins bloomberg school of tethers. he says thomas duncan's care probably cost 18 to $24,000 a day. he joined us now from baltimore. garrard, how did you come up with those numbers? those are a lot bigger than what you think the overage is going to be . is that because that was an emergency and we threw more dollars at it than we would if it was a regular emergency? >> yes, a typical hospital day is about $2,000. you expect it to be a lot more. so what you have to take a look at, is how much it costs to take care of an infected patient. an infected patients are a lot more expensive. so what we are looking at is somewhere around $15,000 in hospital costs, and then another three to $4,000 in physician and other expenditures. >> all right, now, most experts believe certainly in the rest of the world, that the number of cases of ebola could be under reported. just because of the mechanisms for reporting and where some of these cases are. what's your sense of it because this means if we don't really have a hand on how many people are getting ebola, how fast it's moving, and how many people are getting out of those ebola, you know, stricken areas, that means we could all be unsafe? >> well, we could be unsafe, i don't think we are unsafe. but where the concern is, is if you are in that part of africa, you don't want to tell anybody that you have got bola. you don't want anybody to know that. so you are not going to report that information. >> yep. >> and so it's going to be very hard to figure out exactly what is the number. and with the life expectancy being so short, it happens very quickly. so we just don't know what is going on in that part of africa. and probably won't know for a couple of weeks. whereas in the united states, we have very good information. in europe we have very good information. so i think we feel very safe in the united states, we just don't feel safe if we are in that part of africa. >> i guess this is a tricky situation for us, though, because you are absolutely right. if i were in that part of the world and i had it, i wouldn't be advertising it to people that i had it and he i would want to get out of dodge as fast as i could. how do we manage that? how do we not become people now paranoid about anybody who has been near africa? >> well, we have been -- actually, i was in africa less than a week ago in morocco, and i feel very safe. so i think that most of us should feel very safe of going even to parts of africa. so i wouldn't worry about that. but i think what we have to do is to make sure that, you know, we are not -- we we are taking all the precaution that his we normally would with any infectious disease whether it's aids or sars or any of the other infectious diseases that have affected us over the past, you know, 30, 40 years. it's the same kind thing. it's different, but it's the same thing and we need to take exactly the same kinds of precautions. >> you know, we have heard that healthcare workers have some of them have complained they are not well enough train today deal with this. we just saw what jake said had to be done, is that part of the answer, should we be giving them more training? obviously that adds to the cost we were discussing but it may reduce costs in the long run if everybody who encounters a potential ebola patient in the united states knows exactly how to deal with it. >> but, i mean, that's a nice idea but not very practical. and the reason why it's not very pack ticking, is that you've got 6,000 hospitals in the united states, you don't know who is walking in to any emergency room on any given day with bola. you can't train several hundred people in an emergency like johns hopkins completely for one case that may or may not occur: i mean, there is just so many emergencies that are coming in to an emergency room like johns hopkins, that you can't do it. yoyou've got to be prepared, you've got to be organized just like we were for aids and whatever. but to expect that we could turn it on a dime and be prepared because we have had three or four cases in the united states, is just sort of ridiculous to do it in that period of time. >> garrard, good to talk to you, thank you so much for being with us, garrard anderson a health policy professor at johns hopkins university. okay, coming up next, immigration reform died on the political vine this year but it's alive and well on the campaign trail. and could be a factor in key races across the country. i will look at what the midterm elections could mean for millions of immigrants seeking legal status. plus why wine lovers may toast the drought in california. those story when his "real money" continues. >> america votes 2014 go behind the scenes in the all important swing states >> this could switch from republican hands to democratic hands >> with the senate and congress up for grabs... >> it's gonna be close >> these candidates will stop at nothing to get elected. >> iowa was never sent a woman to congress... >> i wanna squeal! >> i approved this message >> i need your help >> midterms, the series begins only on al jazeera america ♪ ♪ midterm lexes are coming up. democratic control of the u.s. senate is in danger. even in the best of times the party in power in the white house loses ground in both houses of congress during midterms, even when the economy is doing well. sure, more jobs are being created, housing in most markets is doing well, but many americans are just feeling left behind. six years after the recession. starting today, i am going to take a look at economic issues and how they are playing in races leading up to next month's vote. here a look at the benefits and concerns that voters have about immigration reform and how the issue you is playing in some key races. hope of passing immigration reform in this congress is dead. but it's alive and well as a polar icing issue in the med term election. >> a pose amnesty. >> the problem has only gotten worth. >> vote with obama, for amnesty. >> america's foreign-born population reached 40 million people in 2011 or 13% of the total. but 11 million of them are believed to be undocumented. and more than half that number around 6 million are thought to come from mexico. the debate over u.s. immigration reform breaks down in to two camps. those who want to give the undocumented immigrants some sort osort of legal status and those that prefer to kick them out. >> the answer is crystal clear, secure our borders. >> forget amnesty. >> last year central passed a bill for comprehensive reform but it has gone nowhere in the recognize can controlled house of representatives. the budget office estimate that the legislation if passed in to law would increase employment by three and a half percent over the next two decades and grow the economy by 5.4% more than it otherwise would have grown over the same period. an estimated 9.6 million new workers joining the legal workforce would mean more tax revenue for the federal government. that plus shifting spending away from immigration enforcement and in to other priorities, would help lower budget deficits by $900 billion. but most republican lawmakers strongly object to one key components in the bill, giving an estimated 11 million undocumented workers legal status in the united states. or amnesty as the republicans phrase it. they say they don't want blanket citizenship for everyone. >> the republicans i think are more interested in maybe what the business community wants, which is basically access -- access to citizenship for sort of high-end, white collar workers and the democrats are taking a broader view in part because it helps them politically. >> polling shows immigration resonates to voters. 65% saying it's an important issue this election, but the issue is bigger to republicans. 75% of them say immigration is important while only 57% of democrats say it's important. that discrepancy means democrats who are fight to go keep control of the senate aren't likely to score points in traditionally red states by campaign on the ground immigration reform. >> where the senate is being contested, places like arkansas louisiana, alaska, north carolina, georgia, kentucky, et cetera, those are all states that mitt romney won and all states that generally speaking are -- don't have particularly big hispanic populations but are places where i think democrats would potentially face some backlash over action on immigration. >> i am mary lan drew and i approve this mess. >> with control of the senate in the balker that's why democrats in those key races are campaigning on almost anything exempt immigration reform? >> joining me now for more context on how the immigration debate is shaping key race is his jeannie a profession of science and ahead skwrufrbgs profess or at new york school of professional studies and a pollster by training following the midterm elections closely and looking ahead of course to the 2016 presidential election. i have to say, the narrative, particularly in the media is that republicans are blocking immigration reform. and that mess i've presidential primary they had in 2012, real made it seem like they couldn't get their act together. but we could get ideal on one part of immigration reform, the high-end, white collar, software engineers, who need h1bs and separate that from people come ago is contract mexican border. we don't have the sophistication to treat these as different i can is? >> no, we abb absolutely could t ideal on certain parts and that's what republicans have been pushing for in the house they want to separate the issues out and deal them in segments. yet the creme contracts have not wanted to do. the senate bill came through with a big push to do comprehensive immigration reform. and one of the questions i have to say, as a pollster, thank you for acknowledge that go is will the american people support something less than comprehensive immigration reform? >> yeah. >> because that's been a key issue. many americans want a comprehensive approach which deals with the border, issues of aamnesty and all these things. and that's hard do. >> why are with he so bad at this at americans. other countries have very sophisticated immigration policies. some have point systems and some are investment based some require the skills that you need. we seem to be stuck in this weird thing where we have had people in this country illegally for hundreds of years, we just havet figured it out. >> absolutely. i think we were moving towards it, exempt midterm election stopped all momentum. we saw president obama say you know, listen, i've got defer to the democrats who are running in these, as you just mentioned in in that piece these really tough red states. moving on immaterial greats reform will earn guys the republican base and democrats will be in worse shape than they will be by november 5th. the election stalled progress on this. but i think come inform seventh as we move in to the 2016 talk, democrats will talk very hard on immigration reform and republicans have to follow suit because they cannot fight these demographics. >> and because they won't get a presidential win if they don't figure this out. they can win the senate, they can keep the house not doing anything on immigration, but it's not clear that tell ever win a presidency again if they don't figure this out. >> you are absolutely right. i think it's clear they will not. by their own -- you know, look at what happened in 2012, republicans nationally came out and said we have to address this issue. but they have said we need to wait until after the midterm. so i think the one hope on comprehensive immigration reform is that in the interest of both parties to do it for a pragmatic reasons going in to 2016. now, you know, what kind of bill will get out of that is a big question. and you know, president obama has once again for the third time now promised unilateral executive action following the midterm. if he does that, it's going to be interesting to see how republicans respond because they will be in a heart position there. >> is it too big of an issue to use executive action? don't we really have to have a national agreement on how we deal with millions of illegal immigrants? hundreds of thousands of people who we need to come in to this country because of the skills they offer and we can't offer them ideal. i mean, it can't really be partisan, can it? >> it's going to be partisan politics, but i think you are right, i think executive action can only take you so far on an issue this big. it would be akin to doing executive action for healthcare reform. it's just not going to work. >> the issue is too big, too profound the impact is too great. that said, the president has said repeatedly if he can get republicans to work with him, he will make -- run this through congress. at this point he hasn't had a lot of hope on that. but, again, i think looking at 2016, if the recognize can national committee, if the people at the top of the party can convince some of the people in these districts that, you know, are behold en to these constituents that this is important for the party we may see some movement. i don't think anybody is holds getting their breath on congress doing a lot. >> it doesn't encourage that kind of behavior. >> it doesn't. it's very hard given the way we jury mannedder and run the elections. >> the position you are proposing is one that is nod rat and one that is held by a lot of republicans but not one that will be held by a republican who gets very far in the rhyme are you. >> absolutely. we are looking at midterm turn out that is extremely low. interesting is very low and turn out will be incredibly low that means it's the most active, interesting and extreme getting out and that's who the politicians will appeal to. >> jeannie, what a pleasure to talk to you. >> thank you for having me. keeping it mirra on al jazerra america for more coverage of the midterm elects tonight, an america vote special focused on immigration reform and how it could affect the races that's 8:30 eastern, and again at 11:30 eastern right here on al jazerra. up next, i'll tell you why a devastating draught in california is lead to go celebratory toasts from wine drinkers. a surprising report from the ground in napa valley is just two minutes away. >>on tech know, the agricultural community is in crisis. >> more prolonged drought could become the new normal >> desperate for solutions >> we can make clean drinking water just using the sun >> conservation, science and hope... >> the snow is really a critical resource... >> tech know's team of experts show you how the miracles of science... >> this is my selfie, what can you tell me about my future? >> can effect and surprise us... >> sharks like affection >> tech know, where technology meets humanity only on al jazeera america >> protestors are gathering... >> there's an air of tension right now... >> the crowd chanting for democracy... >> this is another significant development... >> we have an exclusive story tonight, and we go live... california's draught hats been absolutely devastating to crops this year and wine grapes are no exception the vines are producer fewer grapes. but here is the thing the smaller grapes that are growing pack a lot of flavor which could make this year's vintage one to remember. here is melissa chan with a look. >> reporter: california's historic draught has been a disaster for most of the state's farmers. but not, it turns out, for ghraib growers . >> mmm. so when i taste this very young wine, i am seeing a lot of really good potential. >> reporter: for them, it's time to celebrate. with harvest done, grapes pressed and wine in barrels, vineyards across napa valley have discovered the same dry conditions from the draught have produced an incredible vintage this year. it's very refreshing on the palate. it has nicely ripe flavors but not over ripe flavors, a lot of kind of black cherry, little surprise almost like five spice character in there. >> reporter: grape growers need less water than other farmers. at st. barry winery they produce piano know or, chardonnay and row say. and co hono co-owner david couls is very excited about what they have for 2014. >> we didn't have rain during the growing season which promotes rot. and mildew. >> reporter: you know, our team has covered this story the drought story all year, there has been so much bad news, but at least here, we finally come across one happy outcome. they call it water stress. when vines receive less water it produces a smaller yield, jerk but that also means a higher concentration of sugar in grapes. >> when it does struggle, when a vine does struggle it tends to lead to grater concentration in the berries, greater flavor. we like to think of more complexity. >> reporter: something for consumers to look forward to. the unexpected consequences of the drought proving that in wine country, the glass is indeed half full and never half empty. melissa chan, al jazerra, napa valley, valencia. all right, if you are in the market for a new morgu mortgage right now. lucky you i will tell you tomorrow why rates are sliding i will tell i if this is still time get there to it. now for the weather. sort sorsort of it may seem likm clouds are gathering around the u.s. economy. it's certainly gray skies everywhere you look these days and that is the point. it's unclear whether the stock slide we have been watching means that something bad is happening here, so it's more of a gray area. it's the absence of a nice sunny spot to park your money that remains the main reason to worry. you look to europe where a dispute between russia and ukraine has slowed down the region's even strongest economics germany. middle east nothing settling about what going on there right now. bola has the entire world on edge, evening countries with recently growing economies, most popular places like brazil, china, and india, are all slowing down, they are under a cloud themselves. india might be on the right track, but china's powerful economy is slowing and brazil's economy is struggling. and uncertain election result is not helping there. there are a couple of shivers of sunshine, for one, the dramatic drop in oil prices might be a sign of a struggle economy as we discussed, but you are benefiting from cheaper energy prices. especially important for americans in parts of the country that require a lot of driving since wages aren't improving for low and middle income workers. ten cents a gallon, which is what you have seen can make a big difference. and the combination of lohausing prices and low mortgage rates continues to make this the best time buy a home that you will probably ever see in your life time. the trouble is, to buy a home, you need to have the cash and you need the access to credit, mortgages are harder to come by than they were five years ago and that's in short supply for many americans, we profile so many of them on this show. so what's my economic forecast? keep watching and i'll let you know the moment i see something really bad happening. but for now, let's call it cloudy with a chance of rain. in other words, i wouldn't be afraid to walk outside in this economy, but i would start carrying an umbrella just in case. that's our show for today. i am ali velshi thank you for joining us. is the u.s. president warns there will be setbacks in the fight againstize ill as he meets commanders from the international coalition. ♪ ♪ this is al jazerra live from our headquarters in doha. also ahead. >> ebola got a head start on us. it is far ahead of us, it is running faster than us. and it is winning the race. >> a warning to the world that the ebola out break is in danger of getting out of control. police in hong kong fight with demonstrators as they clear another protest

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