Concerns over venezuelan debt. Stocks dropped around the world on concern that tighter lending roles rules and china will slow growth. The s p 500 is seeing a second day of losses and the stocks slid more than 2 . The shanghai composite index plunged more than 5 . Larry think remains optimistic. He says the equity markets are cheap and that corporate profits are keeping pace. Despite this dramatic increase in prices, we are fair value to modestly above fair value today. We are not at the levels we saw in 2000. We are not seeing the same pes where you had true bubbles. Boeing is cutting production , thes 747 eight jumbo jet third cut announcement in less than two years. More efficient models are eliminating the need or four engine aircraft. Abercrombie fitch ceo and founder Mike Jeffries is stepping down immediately. He has been under fire as abercrombie lost relevance with teenage shoppers and profit tumbled. The board is looking for a new chief executive. Investors shares were up more than 6 . Mcdonalds bets on custom food. The restaurant chain will be expanding its ilk your own Burger Concept in a bid to live were more millennials. The move is part of an effort to shake off its reputation for selling fast food. Mcdonalds is facing its worst slump in more than a decade. A scathing u. S. Senate report concludes the cias harsh interrogation of terror suspects after 9 11 was not effective and that the agency misled congress and the white house on key aspects of the program. Challengedsion by the cia. Members of the Bush Administration and republicans in congress. Peter cook is on capitol hill with more on the report. This report is very critical of the agency. It is a very harsh picture of the agency in those days right after 9 11. This program, the Detention Program was first put into place. Even though the practices 2007,bed ended in president obama put his own executive order in place in his first days after taking office. This report is renewing old questions, old debate about the agency itself and some of its actions. Even up to this day. The report was put together by the democratic staff and it took six years to produce. In thise key findings executive summary, the harsh techniques used by the cia including waterboarding were not an effective means for gaining information. The interrogations were brutal and far worse than the cia for us are presented. The cia repeatedly provided inaccurate information and impeded oversight. Graphic detail in the treatment. F some detainees it details the death of one detainee who died from hypothermia and another left in the dark for 17 days when the cia lost track of him. The person most responsible for releasing the report today, pushed for itsn release and spoke today on the senate floor. Seehere were those who will the report and see what the americans did and will try to use it to justify evil actions to incite more violence. We cannot prevent that. But, history will judge us by our commitment to a just society governed by law and the willingness to face an ugly truth and say never again. Responding in a statement from the current director who says he knowledge is the program had shortcomings in the agency made mistakes, but he defends the ultimate results from his program saying i review indicates that interrogations of detainees did intelligence that help us work attack plans, captured terrorist and save lives. The other big disagreement between the cia and members of the Bush Administration, the notion that the cia when rogan was operating on its own. The cia disputes that. It was acting with the authority from the white house. Republicans are not just criticizing the substance of the report. They are questioning the timing with politics being what it is. There is a politics to this report. Theyre questioning the timing sing that simply releasing this report will expose americans abroad, military folks, diplomats. Maybe they could be exposed to some sort of reprise. They encouraged the release of the report and there is one republican who is not backing that view, john mccain. A former prisoner of war took to the senate floor to defend feinstein. Sometimes is a hard pill to swallow. It sometimes causes us difficulties at home and abroad. It is sometimes used by our enemies in attempts to hurt us. The American People are entitled to it, nonetheless. Withhn mccain breaking several of his republican colleagues. Is anre suggesting this attempt by the Obama Administration to go after the Bush Administration one more time as well. Peter cook joining us on capitol hill. Thank you. We will have more on the cia report in just a few minutes. I will be speaking with john deutch. According to a Bloomberg Politics poll, the Republican Party is enjoying peak popularity. 45 of americans say they hold a favorable view of the gop. 47 say they dont. Margaret joined me to break down the numbers. The republicans are more popular than they have been in five years. Yet, they are still more unpopular than popular. Why is this good news . Depends on everything else. It is all relative. They are at 45 rate much higher than march when they were 37 . You have seen a comparable decline by the democrats were who are now around 41 . President obama is about the same level, 45 . He is on a downward trend. In terms of momentum, the republicans do have some momentum with them and that is something that they can relate. There is little good news for the president. What can he do to win back american confidence . It is a bleak report for the president. When you look across the board, his Approval Ratings are stuck at 39 now. Issue after issue, his handling of immigration, majority of americans dont like that. Third a the little more than a third of support for foreign policy. He is still under water on the economy, too. 42 of americans say they like the job he is doing. That is quite an uptick. Summer, it was 37 . Americans do think he is moving in the right direction on that. A little too late to help democrats in election. Margaret, thanks. Coming up, and outlook on emerging markets. We will beo right back. The emerging markets stocks headed to an eightmonth low today as chinese and shares doubled the most since 2009. Gerardo rodriguez is a Portfolio Manager and Senior Investment strategist for emerging markets at black rock he joins me here in studio. Welcome to bottom line. We were just talking about the index, data compiled by bloomberg shows the developing nations page has lost 3. 5 this year, trading at 11 times projected 12 month earnings. How should investors read these numbers e . We are at an inflection point. No longer is it monetized policy and a china driven growth. As the fed moves into monetary policy, we are going to see more volatility. And dispersion again the name of the game. Outlook, we are coming up with the usual comments that emerging markets there is a section called em emergency. It reads emergingmarket countries will likely compete for liquidity by raising rates. How is that competition going to impact economies and what will it mean for currencies . No longer the tide lifting all boats. The competition is in several different manners. One is for liquidity. The interest rates. Also will be a competition on making countries more attractive. We are seeing interesting cases mexicodia, indonesia, with Energy Reform and china. It is a beauty contest out there. It will promote more divergence. Hasow much of a challenge the stronger dollar and weaker oil into emerging markets . That is an issue that also contributes to the story of divergence. When you look back, a stronger dollar has not been good for emerging markets in general. However, this time around the Balance Sheet of emerging markets, a much stronger position. If the dollar keeps thengthening because underlying fundamentals of the u. S. Economy continue to improve, that is also positive to emerging markets. On the other side, lower oil world are better to the because they are creating a more dynamic environment for growth in general. However, at the margin, there are winners and losers especially on the accounts. There are ways in which oil affects emerging economies. There are some countries that have an important reliance on foreign oil like venezuela and others that have less room to accommodate policies. Which emerging markets are best positioned for growth Going Forward and which ones are not . In this context, we like reformers. Think about countries like mexico, india, indonesia. We like countries that are through the funding channel. We tend to like europe. We have one minute left. I would be remiss if we did not talk about greece. Bonds got hammered. Yield rose half a percent. The Prime Minister calling for snap elections. Are you concerned we are going to see a repeat of 2009 in greece . It is too early. There are three rounds in order for congress to elect a president. There is a lot of political uncertainty. Given that no single party has the votes to elect the president. Should mention that blackrock is not heavily invested in greek bonds but it is an area of concern because it could be a ripple effect. Absolutely. Greece is an interesting case because it is growing, the fastestgrowing european country. Introducing these elements of uncertainty is not a good thing for growth. Contaminates the vision. Joining usrodriguez in studio. Thanks for your time. We will have more on the senate cia report with former director john deutch. For more on the senate cia report, lets bring in john deutch, a former deputy secretary of defense. He joins me on the phone from houston. Welcome to bottom line. Thank you for your time today. Thank you, mark. Is chair ofinstein the Senate Intelligence committee. She said the report on the cias stands as an record of a stain on our values and on our history. What is your reaction to those comments . I think it is a very badly thought report. I very much think it contains incorrect allegations of what happened during this per. Iod i dont think it helps the country defend itself in the future. Incorrectu say allegations, can you be more specific . Sure. The report touts any of these cores of doubts any of these cores of interrogations were of value to the country. The record shows or has been plenty of evidence publicly given to the media and elsewhere about the value of those operations. People can differ about whether the value of that intelligence in coerciveprogram interrogation. Deny the fact to that intelligence to have value. John brennan said the interrogation techniques described in the report save lives. John mccain was tortured while being held prisoner in vietnam. He said we gave up much in the expectation that torture would make us safer. If torture is contrary to american values, is it justifiable in any circumstance . Does it save lives . First of all, my sympathies with both of those gentlemen. I say to you, it is not and was not intended to be torture. Clumsy there was a expression of coercive interrogation. Great attention was paid to not torture people. Not torturing people. The coercive interrogation that ,as done did indeed save lives as difficult as it is. Those tough judgments have to be made and people can say it is not worth the intelligence value and others can say it is as we try to protect america from attack. Denying the fact that it had value is what is the main failing of this senate report. Do you believe the release of the report cover mice as National Security and does it put our allies at risk . There was a great reason for the public and congress to want a fair and objective transparent accounting of what happened. There is no question about the fact that that release of that information influences other countries and their willingness. O cooperate on balance, i would have been in favor of a careful, transparent and objective and accurate report of what happened. I dont believe this report meets that standard. If cia officers are bound to of committed crimes, should they be charged and convicted should they be sent to prison . That matter has been settled and its an important point. When president obama came into office, he asked the attorney general to establish a special prosecutor to review the entire matter of these interrogation operations. The special prosecutor came back with a finding that there were no weapons his that required offensesprosecution that required criminal prosecution. The president accepted those findings and said it was time to move forward. I stand with president obama on saying that that should be the bottom line of these efforts. We relive the past and the men and women of the Central Intelligence agency deserve to know they are not under continuous potential risk of investigation and litigation. I might sum up what you are saying, the report should have been released but with limits . No. I would say the report should have been released but it should have been much more accurate. John deutch, former director of the Central Intelligence agency joining us on the phone from houston, texas. Thank you so much for your time and perspective. Thank you. The hour. Tes past time for a Market Update you have a mixed drawn wall street on this tuesday. Losses and a with global selloff spurred by concerns over growth in china and potential political turmoil in greece. The Prime Minister calling for snap elections to be held on december 17. 4 . Ndustrials down s p 500 down. 3 . 3 . Q in the green come up welcome back to the second halfhour of bottom line. Im Mark Crumpton in new york. Amazon workers will not be paid for all of their time at work. U. S. Supreme court has ruled that the house workers do not have a federal right to be paid for the time they spend standing in line after their shift while security guards search to make sure they dont steal anything. The Supreme Court ruling was unanimous. Greg, can we expect other retailers who may be battling similar cases to get the same ruling . We can. There were a number of cases out there, many against the amazon directly and other retailers. Ike cbs, ross stores those retailers probably will win their cases as well. Tell us about the allegations. What did the workers say and what is amazon say in response . Dispute that they had to go through a security line, a metal detector and have their bags searched on the way out of the facility. The question is how long they have to stand up. Sometimess say they have to wait as much as 25 minutes. Amazon denies that and says they are averages 90 seconds to get through. Was a case about federal wage law. Is there a chance that workers can press their suits under the wage law . Yes and that is what i meant that they said the federal claim. The lawyer for the plaintiff says there are some states that have their own laws including california, pennsylvania where workers might be able to sue. A lawyer i talked to on the other side of the case representing the Retail Industry mirrorny of those laws the federal statutes. What was the Supreme Courts reasoning and to what extent . Anthis has to do with amendment to the fair labor standards act called the portal to portal act passed back in 1947. Preliminary and post luminary activities, you dont get compensated for those. Thatupreme court has said you still get compensated for parts of the job, things you have to do that are integral to the job itself. This iseme court said actually a post luminary activity. Therefore, you are not entitled to federal competition. Thank you. We turn our focus to the next step in the evolution of motorcycles. Largest manufacturer of fullsize electric motorcycles and has been in the business since 2006. The ceo joins me now from mountain view, california. Welcome to bottom line. Thank you. Pleasure to be here. What is the appeal of an electric motorcycle . How do you convince old who crave the roar of their writing that going to electric and give them the same type of thrill . Friday of the month, we hold an open day at our facility and one of the pleasurable things for me is to go down and watch people who become intrigued by electric take one of our bikes for a ride and come back and i watch them take the helmets off and all i see is this great grain. With our technology, you get no noise, no heat, no vibration, no gears, no clutch. It is all about the purity of the ride. Providese electric puts it straight to the back wheel come a phenomenal experience. Who is your target consumer and what does the man look like demand look like . We have three groups of people buying our vehicles today. Is the motorcycle enthusiast who already has a number of bikes. We have a second group that is returning riders, people who wrote when they were young and stopped for a period of their life and want to get back into this or the sport. The third group is the Younger Generation of people who are coming into the sport for the first time but are not intrigued by gas bikes. That is exciting because we need new people. What are the challenges of manufacturing your products in the United States . How much is assembled here . Ineverything is done california. We do the research, the designs, the development. We have a supply chain with parts from different parts of the globe. They all come into california. We are proud to say that our view colts are crafted in california our vehicles are crafted in california. Has it become more costeffective for you to keep most of that here in the u. S. . At this point, when you look at the amount of overhead, it absolutely makes sense. We can see ourselves continuing to employ people in california or a significant for a significant period ahead of us. We dont feel the need to do any outsourcing. Strong employment report surprise a lot of analysts. Are you hiring more people . We are hiring. We are still a small company. We certainly higher. We just started our 15 model production. We are bringing in workers who will work on the production lines. They will do so during production. We do have some temporary labor. We have a small group of fulltime people. Burbankmonth, the Police Department went electric and became the latest lawenforcement agency to drive e