from 5% two weeks ago. pretty flat day in the early session. couriers had a good turn around. 3.2% on the year. new zealand pretty flat, holding on to those record highs. some stocks we have been watching, we have been looking at nintendo. china is looking quite good now. jpmorgan has said second-quarter than feared.etter investors are buying into that. that weaker oil pricing some selling coming through. scarlet: let's get back to our style -- our top story, verizon. let's talk about the stake in alibaba. what happens with the latter? what does it hold for this company? >> yahoo! japan is controlled by softbank. they have a controlling stake. yahoo! has a stake that is roughly the same size. the remainder of yahoo! will hang on to the stake. very valuable at this point but hard to see where it would come in. left withl also be this stub of alibaba shares. >> you will be very close with softbank if you are investing in the remainder company. >> they invested in sprint a few years back, which is a big deal for them. rishaad: bizarrely. >> they struck their biggest acquisition ever. i don't think they have spare casts -- cash around to take extra stakes and i don't think they want any more stock. rishaad: they said look out for some more crazy ideas. this may not be a crazy idea. taking of course verizon the core business. he doesn't necessarily create a success. >> you do give the two businesses a little more scale if you are able to integrate them together. tim armstrong is a former google executive who runs verizon right now. a lot of google talent in this industry and it will give them a little more scale to compete in online media. they will be able to compete a bit more effectively they hope against google and facebook in particular. rishaad: you can tell who is about to speak, michelle obama. afterly less than a week the front runner nominee of the republicans. there we go. this is the scene in philadelphia. [applause] obama: thank you all. thank you so much. believe it's hard to that it has been eight years since i first came to this convention to talk with you about why i thought my husband should be president. [cheers] abouter how i told you his character and conviction? his decency and his grace, the traits we have seen every day that he served our country in the white house. [applause] i also told you about our daughters, how they are the heart of our hearts, the center of our world, and during our time in the white house, we have had the joy of watching them grow from bubbly little girls and poised young women, a journey that started soon after we arrived in washington when they set off for their first day at their new schools. i will never forget that winter morning as i watched our girls, seven and 10 years old, pile into those black suvs with all those big men's with guns. and i saw their little faces pressed against the window and only thing i could think was "what have we done?" [laughter] at that moment, i realize our time in the white house with form the foundation for who they would become and how well you manage this experience could truly make or break them. that is what barack and i think about every day as we try to guide and protect our growth through the challenges of this ,nusual life in the spotlight how we urge them to ignore those who question their father's citizenship or faith. [cheers] that the hateful language they hear from public figures on tv does not represent the true spirit of this country. [cheers] how we explain that when someone is cruel or ask like a bully, you don't stoop to their level. our motto is when they go low, we go high. [cheers and applause] utter, withord we every action we take, we know our kids are watching us. we as parents are their most important role models and let me tell you, barack and i take that same approach to our job does president and first lady because we know our words and actions matter not just to our girls but to children across this country. kids who tell us "i saw you on tv, i wrote a report on you for school." 'tis like the little black boy who looked up at my husband, his eyes wide with hope and wonder "is my hair like yours?" ,nd make no mistake about it this november when we go to the polls, that is what we are not democrat or republican, not left or right, in this election and every election is about will have the power to shape our children for the next four or eight years of their lives. [cheers and applause] am here tonight because in this election, there is only one person who i trust without responsibility, only one person who i believe is truly qualified to be president of the united states, and that is our friend, hillary clinton. [cheers] [cheers] that's right. see, i trust hillary to lead this country because i have seen her lifelong devotion to our nation's children, not just her own daughter who she has raised to perfection, but every child who needs a champion, kids who take the long way to school to avoid the gangs, kids who wonder how they will ever afford college, kids whose parents don't speak a word of english but dream of a better life, kids who look to us to determine who and what they can be. hillary has spent decades doing the a lot less work to actually make a difference in their lives. [cheers] advocating for kids with disabilities as a young lawyer, fighting for children's health care as first lady, and for quality child care in the senate and when she didn't win the nomination eight years ago, she didn't get angry or disillusioned. [cheers] hillary did not pack up and go home. she knows this is so much bigger than her own desires and disappointments. she has probably stepped up to serve our country as secretary of state, traveling the globe to keep our city -- country safe. there are plenty of moments when hillary decided this work was too hard, that the price of public service was too high, she was tired of being picked apart for how she looked or spoke or laughed but here's the thing. what i admire most about hillary is that she never buckles under pressure. she never takes the easy way out. [applause] and hillary clinton has never quit on any a and in her life. [cheers] when i think about the kind of president i want for my girls and all of our children, that is what i want. i want someone with the proven , someone who knows their job and takes it seriously, someone who understands the issues of president faces is in black and white and cannot be boiled down to 140 characters. [cheers and applause] because when you have the nuclear codes at your fingertips and the military in your command, you can't make snap thinions, you can't have a skin or tendency to lash out, you need to be steady and measured and well-informed. [applause] i want a president with a record of public service, someone whose life work shows our children that we don't chase fame and fortune, we fight to give everyone a chance to succeed. back even when we are struggling ourselves because we know there's always one more and there but for the grace of god go i. i want a president who will teach our children that everyone in this country matters, a president who truly believes in the vision our founders put forth all those years ago, that , each all created equal part of the great american story. and when crisis hits, we don't turn against each other, we listen to each other, we lean on each other because we are always stronger together. [cheers and applause] and i am here tonight because i know that that is the kind of president that hillary clinton will be and that's why in this election, i'm with her. [cheers and applause] you see, hillary understands that the president is about one thing and one thing only, it's about leaving something better for our kids. that is how we have always moved this country forward, by all of us coming together on behalf of our children, full to volunteer teacher that team, sunday school class because they know it takes a village. heroes of every color and creed who wear the uniform and risk their lives to keep passing down those blessings of liberty, police officers and protesters in dallas who all desperately want to keep our children safe. people who lined up in orlando to donate blood because it could have been their son, their daughter in that club. [cheers and applause] leaders like tim kaine. [cheers] no-show our kids what decency .nd devotion look like leaders like hillary clinton who have the gets and grace to keep that inack and putting the highest and hardest glass ceiling until she finally breaks through, bringing all of us along with her. that is the story of this country. the story that has brought me to the story ofnight generations of people who felt the shame of servitude, the sting of segregation, but who kept striving and hoping and doing what needed to be done so that today, i wake up every morning in a house that was built by slaves. [cheers] daughters, two beautiful, intelligent, black young women playing with their dog on the white house lawn. and because of hillary clinton, my daughter and all our sons and daughters now take for granted that a woman can be president of the united states. [cheers and applause] ever telllet anyone you that this country isn't great, that somehow we need to make a great again, because this right now is the greatest country on earth. [cheers and applause] and as my daughters prepare to set out into the world, i want a leader who is worthy of that ofth, a leader who is worthy my girls promise and all our kids promise, a leader who will be guided every day by the love and hope and impossibly big dreams that we all have for our children. cannothis election, we sit back and hope that everything works out for the best. be tired orford to frustrated or cynical. the 20 now and november, we need to do but we did eight years ago and four years ago. [cheers] we need to knock on every door, we need to get out every vote, we need to pour every last ounce of our passion and our strength and our love for this country into electing hillary clinton as president of the united states of america. [cheers and applause] so let's get to work. thank you all and god bless. [cheers] four firmore than a endorsed -- firm endorsement. taking a few celebs at the republican nominee, donald trump there as well. that is the scene there in philadelphia. getting back to business, having a look at commodities and how they are driving age in stocks down. a lot going on. michelle obama has been speaking. >> i know my place. rishaad: let's talk about the big show in town, the bank of japan. many people think there will be a lot of money on the table. >> just to frame our expectations, we think they will offurther negative in terms rees and buying etf's to increase monetary accommodation. would implied and we agree it's questionable how much of a surprise out would be for the markets. going first to negative interest rates has not achieved the desired in terms of getting inflation up. here, the expectations are questionable and a fiscal package. the devil will lie in the details in terms of what timeframe that will take place, etc. the key for the japanese equity market it will of course be with the yen and whether they're a serious surprise in terms of policy, it may not weaken as much as the equity market needs. rishaad: when we saw negative rates, people had to search for yield somewhere. we haven't seen that happen. >> we see it around the world. or key issue is the tension the challenge, the drama between liquidity and fundamentals. we have seen record inflows into asia and emerging markets and $12 billion with net buying during this. , in the 98 percentile. >> this is equities is self. what is happening is we are seeing with rates being low globally and something well in the mid teens, what we are seeing is a search for yield. the point is that is the story that has been hammered out the past three years. you don't find that search for yield taking place. is it. we a story? -- is it a story? >> a lot of the money coming in chinasive and because creates the largest markets in the emerging market index, the money is naturally going that direction. korea and taiwan are classified as emerging markets. we are seeing money being crowded in from the sidelines. i think it's a combination of poor management performance to the middle of the year, money, cash balances. there is the desire to participate in the rally taking place. rishaad: let's move to the other event this week. much risk here. does the language become a little bit more hawkish given what some people are suggesting complete is kind of a neglect of a possible move higher in rates this year? that camp.otally in we do think there will be a move toward more hawkish language. it may not be as much in a statement in itself, it may be something. thecally what we think is current goldilocks scenario of growth being decent in the united states and the fed completely off the radar scope, that that cannot continue indefinitely. either it will be resolved by the fed coming back or growth disappointing but you cannot have this happy confluence of good growth and no fed. >> since the fed surprise the bond markets in 1994, ever since movementre has been no without a 70% probability of that moving priced in. the fed has done a good job of communicating the market. possibility of one fed hike by december. they have got to calibrate the market. rishaad: we will get back to this democrat convention in philadelphia. briefly, what kind of event risk is this presidential race? it's pretty close with the truck campaign getting that boost after his speech. >> there is uncertainty about trade policy for asia. as well as about fiscal policy. rishaad: that is elizabeth warren speaking there. let's take a listen. the other side, one of the smartest, toughest, most tenacious people on this planet, a woman who fights for children, women, health care, human rights, a woman who fights for all of us and is strong enough to win those fights. we are here today because our choice is hillary clinton. i'm with hillary. [cheers and applause] i'm with hillary. for me, this choice is personal. it is about who we are as a people, it's about what kind of a country we want to be. i grew up in oklahoma. my dad he ended up as a maintenance man and my mother worked a minimum wage job at sears. my three brothers served in the military. career, 280 eight combat missions in vietnam. the second, construction. the third started his own business. i got married at 19, graduated from a commuter college in texas .hat cost $50 a semester the way i see it, i'm a janitor's daughter who became a and a school teacher, united states senator. america is truly a country of opportunity. truly. [cheers. ] i am deeply grateful to that america. i believe in that america. is i'm worried that my story locked in the past, worried that opportunity is slipping away for people who work hard and play the rules. look around. americans bus their tails, some working two or three jobs that way just stay flat. the basic cost of making it from month to month keeps going up. housing, health care, child care, the costs are out of sight. young people crushed by student loans, working people in debt, seniors can stretch a social security check to cover the basics, and even families who are ok today worry it could all fall apart tomorrow. this is not a right. it is not. [applause] here is the thing, america isn't going rogue. the stock market is breaking records, corporate profits are at all-time highs, ceos make tens of millions of dollars, there is lots of wealth in america but it isn't trickling down to hard-working families like yours. does anyone here have a problem with that? [cheers] i do too. people get it. the system is rigged. [cheers] it's true. so-called experts claim america is in trouble because both political parties in washington refused to compromise. gridlock. that is just flat wrong. washington works great for those at the top. when giant companies wanted more tax loopholes, washington got it done. when huge energy companies wanted to tear our companies, washington got it done. when an enormous wall street banks wanted regulatory loopholes, washington got it done. no gridlock there. but try to do something, anything, for working people, and you will have a fight on your hands. democrats have taken on those fights. that's what we do. >> [cheers and applause] sen. warren: democrats want to get health insurance for more americans. democrats fought for a strong consumer agency so big banks can't cheat people. and weht, we won, improved the lives of millions of people. thank you, barack obama. >> [cheers and applause] sen. warren: we won, but republicans of lobbyists at us every step of the way. thatyears later, consumer agency has returned $11 billion to families who were cheated. >> [cheers and applause] sen. warren: and republicans are still trying to kill it. i am not someone who thinks that republicans are always wrong at the democrats are always right. there is enough blame to go around. but there is a huge difference between people fighting for a level playing field and the people fighting to keep the system rigged. >> [cheers and applause] sen. warren: look at congress since the republicans took over. democrats proposed refinancing student loans and republicans said no. democrats proposed ending tax breaks for corporations that ship to jobs overseas, and republicans said no. democrats proposed raising the minimum wage and republicans said no. so to every republican in congress who said no, this november, the american people are coming for you. >> [cheers and applause] sen. warren: and where was donald trump in all of these fights? not once did he lifted finger to help working people. and why would he? has been about taking advantage of that rate the system. -- rigged system. time after time, he prayed on working people, people in debt, people who had fallen on hard times. he's conned them, defrauded them and ripped them off,. look at his history. donald trump said he was excited crash that8 housing devastated millions of american families, because he thought it would help him scoop up more real estate on the cheap. donald trump set up a fake university to make money by cheating people and taking their life savings. donald trump goes on and on and on about being a successful he filed for but bankruptcy six times, always to protect his own money and lleave investors and contractors with the bill. donald trump hired plumbers and painters and construction workers to do hard labor for his es, been paid them only a fraction of what he owed, or fought them in court for years. >> [booing] sen. warren: what kind of a man act like this? routes for an man economic crash that costs millions of people their job, their homes, their life savings? what kind of a man cheats students, cheats investors, cheats workers? i will tell you what kind of a man. a man who must never be president of the united states. >> [cheers and applause] sen. warren: never. leaders toot the make it happen. hillary clinton and tim kaine -- >> [cheers and applause] sen. warren: donald trump knows that the american people are angry, a fact that is so obvious you can see it from the top of the trump tower. insisting that he and he alone can fix the rigged system. last week, donald trump spoke for more than an hour on the biggest stage he has ever had, but other than talking about building a stupid wall which will never get built -- >> [cheers and applause] sen. warren: other than that wall, did you hear any actual ideas? >> no! sen. warren: did you hear even one solid proposal from trump for increasing income or improving your kids' education, or creating even one single good paying job? >> no! sen. warren: let's face it. donald trump has no real plans for jobs or for college kids are for seniors, no plans to make anything great for anyone except rich guys like donald trump. just look at his ideas. donald trump wants to get rid of the federal minimum wage. donald trump wants to roll back financial regulations and turn wall street loose to wreck the economy again. planonald trump has a tax to give multimillionaires and billionaires like himself an $1.3 millionut of per year. you're struggling to put your kids through college and donald trump thinks he needs a million-dollar tax break? mp's entire campaign is one more late-night trump infomercial. hand over your money, your jobs, your children, and invest in the trunk hot air machine. >> [cheers and applause] sen. warren: and for one low, low price, he will even throw in a goofy hat. >> [laughter] sen. warren: and here's the really ugly underside to his pitch. trump thinks he can win votes by fanning the flames of fear and hatred, by turning neighbor against neighbor, by persuading you that the real problem in america is your fellow americans, people who don't look like you, don't talk like you, don't worship like you. he even takes the vice president famous for trying to make it legal to openly discriminate against gays and lesbians. >> [booing] sen. warren: that is donald trump's america, an america of fear and hate, an america where we all break apart, whites against blacks and latinos, christians against muslims and jews, straight against gay, everyone against immigrants, race, religion, heritage, gender, the more sections, the better. but ask yourself this. are white workers in ohio pitted against the black workers or latinoarolina workers in florida, who really benefits? divide and conquer is an old story in america. dr. martin luther king knew it. after his march from soma to montgomery, he spoke of how segregation was created to keep people divided. instead of higher wages for workers, dr. king described how poor whites in the south were that nocrow, told matter how bad off you was, at least he was a white man, better than a black man. racial hatred was part of keeping the powerful on top. >> [cheers and applause] sen. warren: when we turn on each other, bankers can run the economy for wall street. oil companies can fight off clean energy. giant corporations can ship the last good jobs overseas. other, rich on each guys like trump can push through more tax breaks for himself, and we will never have enough money to support our schools or rebuild our highways or invest in our kids futures. when we turn on each other, we can't unite to fight back against a rigged system. >> [cheers and applause] sen. warren: well, i've got news for donald trump. the american people are not falling for it. >> [cheers and applause] sen. warren: we have seen this ugliness before, and we are not going to be donald trump's hate filled america. not now, not ever. >> [cheers and applause] sen. warren: this is about our values, about our shared values hillary candidates, clinton and tim kaine. >> [cheers and applause] sen. warren: let's talk about those values. we believe that no matter who you are, no matter where you are from, no matter who you love, equal means equal. hillary will fight to make sure discrimination has no place in america, and we're with her. >> [cheers and applause] that noren: we believe one, no one who works full-time should live in poverty. hillary will fight for raising the minimum wage, fair scheduling, paid family and medical leave, and we are with her. >> [cheers and applause] we believe that free kid in america should have a chance for a great education without getting crushed by debt. hillary will fight for refinancing student loans and debt-free college. we are with her. >> [cheers and applause] believe thatand we after a lifetime of hard work, seniors should be able to retire with dignity. hillary will fight to expand social security, strengthen medicare, and protect our retirement accounts, and we are with her. >> [cheers and applause] we believe that oil companies shouldn't call the shots in washington, that science matters, that climate change is real. hillary will fight to preserve this earth for our children and grandchildren, and we are with her. >> [cheers and applause] and iarren: we believe, can't believe i have to say this in 2016, in equal pay for equal work and a woman's right to control her own body. hillary will fight for that, and we are with her. >> [cheers and applause] we don'ten: we believe need weaker rules on wall street; we need stronger rules, and win big banks get too risky, break them up. hillary will fight to hold big banks accountable, and we are with her. >> [cheers and applause] believe thatand we the united states should never, never sign trade deals that help giant corporations but leave workers in the dirt. hillary will fight for american workers, and we are with her. >> [cheers and applause] sen. warren: ok. and just one more, just one more. get bigve that we must money out of politics and root out corruption. hillary will i overturn citizens united and return the government to the people. >> [cheers and applause] sen. warren: if you believe that america must work for all of us, not just for the rich and powerful, if you believe that we must reject the politics of fear and division, if you believe that we are stronger together, then let's work our hearts out to make hillary clinton the next president of the united states. >> [cheers and applause] sen. warren: thank you. thank you. >> [cheers and applause] >> ♪ warren: elizabeth addressing the democrat national convention in philadelphia, taking the fight to donald trump, saying that he only cares for himself and he seeks to divide and conquer. let's get straight to philadelphia. today's theme and is united together. there were protesters, but i guess there's a sense of unity in the battle cries from michelle obama and elizabeth warren. >> both first lady michelle obama and senator elizabeth warren wanted this event, a unified democratic party, even as slight hints of boos came from a vocal minority. what we heard from elizabeth warren was a full pledged, full hearted endorsement for hillary clinton. she presented donald trump as a member of the 1%; she presented him as a businessman who uses divisive rhetoric and repeatedly said that hillary clinton is the best voice progressives. , however she made no specific mention of the transpacific partnership, though she did alluded to trade deals but did not mention tpp, which is a major policy division point for progressives and hillary clinton. rishaad: kevin, in the background, there is disunity, isn't there? dll caused by these e-mails, an debbie wasserman schultz's resignation taking place as the democratic national chair. her going has meant quite a bit, but she is still there at the convention. what's the feeling on the ground about all this? >> well, clinton allies are adamant that this party will be unified by the conclusion of the convention. obviously many progressives are still incredibly upset with the dnc leaked e-mails that point to the same argument that sanders supporters have said for a consistently long time, which is that this primary process was rigged. i covered senator elizabeth warren when she was a member of the senate banking committee, and to see a progressive base criticize her as a member of the "democratic establishment" goes to show you just how loud the progressive base has become. but clearly senator sanders is about to take the stage behind me tonight. he has his job cut out for him, to really unify this party, a lot of pressure on him tonight to deliver. rishaad: thanks for that. kevin joining us from the convention in philadelphia. rallying cry for unity from elizabeth warren as we have been wasing and before her it first lady michelle obama. back to the world of finance as we take a look at what's going on in japan. the lunchtime break upon us about 15 minutes ago. a slight fall back. >> yes. not a lot of conviction in the markets today. the regional indexes tracking lower. that was the sector we saw selling yesterday, when there was a lot more buying coming through. you can see basic materials leading the downturn, coming through in this space on weaker commodity prices. we are also seeing the oil and gas sector, quite significantly. the crude prices tumbling 2.4% in new york, nearing the three-month low. where we have seen some buying, particularly in the last hour, has been on the shanghai market, up 4/10 of 1%, and also here in hong kong, up by 7/10 of 1%. after that selling from yesterday, the hang seng index is in your market territory over the course of last week. south china is a standout, coming up by 6.4%. las vegas coming through with numbers overnight. jpmorgan coming out with the second-quarter numbers would put tuesday, andthan the parisi in macau is set to open next month. galaxy entertainment also moving higher, energy players coming up with pressure on the weaker crude price. we are also seeing material and energy price coming under pressure in australia, down by over 5%, even though gold snaps the two-day decline. it's a little weaker on the lunch break for japan, heading into the afternoon session for most of the other markets. having a look at the japanese yen. another reason we have seen significant selling in japan as the yen starts to strengthen against the dollar. it's up by about 1%, 104.81. everyone is waiting to see what the stimulus plan from the bank of japan is going to look like. rishaad: thank you very much. this movea look at to the upside, 6.3%. revenue rising for the first time in two years. does this mean that the market is finally bottoming, or does it mean that sands is bottoming when it comes to people going through their doors? >> absolutely right. when it comes to sands china, we are definitely seeing gaining revenue, and as you pointed out, june was up for the first time year on year in two years. not only that, you are looking at profitability for the company. it has been able to squeeze the market, 33%, given the fact that it is focused on cost savings and the market clientele. it will be interesting to see how the rest of the peers compare. rishaad: bernie sanders is in the nomination race against hillary, a lot of division among his supporters as the e-mail scandal continues. he will be giving an appeal for unity and talking to his supporters, to try and get a unified face of the democratic party. the nominee. this is the scene in philadelphia, bernie sanders about to greet everybody with how great it is to see them all. this is philadelphia. >> [cheers and applause] sen. sanders: thank you all very much. >> [cheers and applause] sen. sanders: thank you. >> [cheers and applause] sen. sanders: thank you. >> [cheers and applause] sen. sanders: thank you very much. [cheers and applause] sen. sanders: thank you. thank you. it is -- it is -- >> [cheers and applause] sen. sanders: [laughter] it is an honor. >> [cheers and applause] sen. sanders: thank you. applause] and sen. sanders: thank you very much. >> [cheers and applause] sen. sanders: it is -- honor to be here tonight. >> [cheers and applause] sen. sanders: thank you. >> [cheers and applause] sen. sanders: thank you very much. >> [cheers and applause] sen. sanders: thank you. thank you. >> [cheers and applause] sen. sanders: it is an honor to be here tonight. be following in the footsteps of my good friend, elizabeth warren. >> [cheers and applause] sen. sanders: and to be here tonight to thank michelle obama for her incredible service to our country. >> [cheers and applause] sen. sanders: she has made all of us proud. >> [cheers and applause] sen. sanders: let me begin by thanking the hundreds of thousands of americans who actively participated in our campaign as volunteers. thank you. >> [cheers and applause] let me thank the 2.5 million americans who helped fund our campaign with an unprecedented $8 million in individual campaign contributions. >> [cheers and applause] sen. sanders: anyone know what that average contribution was? >> $27! [cheers and applause] sen. sanders: right. $27. and let me thank the 13 million americans who voted for the political revolution. >> [cheers and applause] 1846 sanders: giving us the pledged delegates here tonight. >> [cheers and applause] sen. sanders: and delegates -- thank you for being here. workhank you for all the you have done. i look forward -- >> [cheers and applause] sen. sanders: i look forward to your votes during the roll call tomorrow night. >> [cheers and applause] sen. sanders: and let me offer a special thanks to the people of my own state of vermont -- >> [cheers and applause] who haveers: -- sustained me and supported me as the mayor, congressman, senator, and presidential candidate. >> [cheers and applause] sen. sanders: and to my family, my wife, jane, our four kids, and seven grandchildren, thank you very much. >> [cheers and applause] sen. sanders: i understand that many people here in this convention hall and around the country are disappointed about the final results of the nominating process. i think it's fair to say that no one is more disappointed than i am. >> [laughter] [cheers and applause] sen. sanders: but to all of our supporters here and around the country, i hope you take in norma's pride in the hiss -- pride in theiss pride in enorms historical accomplishment we have achieved. >> [cheers and applause] sen. sanders: together, together, my friends, we have begun a political revolution to transform america, and that revolution, our revolution, continues. >> [cheers and applause] s comeanders: election day and go, but the struggle of the governmentreate a which represents all of us and not just the 1% -- >> [cheers and applause] a government -- based on the principles of economic, social, racial, and environmental justice, that struggle continues. >> [cheers and applause] and i look forward to being part of that struggle with you. >> [cheers and applause] clearanders: let me be as as i can be. about andion is not has never been about hillary clinton or donald trump or bernie sanders or any of the other candidates who sought the presidency. this election is not about political gossip. it's not about polls. it's not about campaign strategy. it's not about fundraising. it's not about all the things that the media spends so much time discussing. >> [cheers and applause] sen. sanders: this election is about, and must be about, the needs of the american people. >> [cheers and applause] sen. sanders: and the kind of future we create for our children and our grandchildren. >> [cheers and applause] sen. sanders: this election is about ending the 40 year decline of our middle class. >> [cheers and applause] thatsanders: the reality 47 million men, women, and children today live in poverty. it's about understanding that if we do not transform our economy, our younger generation will likely have a lower standard of living than their parents.