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Reporter chuck, ramsey in his eighth year as Police Commissioner announced he will be stepping down in early january. He tells us this decision was entirely personal, not political, related to the upcoming election for the mayor this coming november. He was flanked by the mayor and a number of other city officials who credited him with the historic drop in the citys crime rate over the past eight years. Now, ramsey has worked in Law Enforcement for 47 years with stops in chicago and washington. During his tenure here in philadelphia. Officials say the homicide rate dropped by more than 30 . Ra...

Gap between chinas onshore and offshore currency has widened to a record after they cut again rates for a seventh straight day. The offshore saying thats going to a fiveyear low. That is the weakest level since april 2011. Lets take look at the markets. Closed for the lunch break, here is how they were trading in the morning session. The hang seng down close to 1 . Afternoon they say this is the picture in singapore, tokyo, red. Ubai all seeing some north korea confirming this nuclear test. Emily im emily chang and this is bloomberg west. Coming up, we will look at the big news coming out of t...

Active in Spectrum Management, in fact, serves on two Advisory Committees, one for the fcc and one for the Commerce Department. What is your role on the Spectrum Management Advisory Committee, sir . Guest well, both of these committees advise their respective organizations on what to do about spectrum in the future. They have, each of them have subcommittees, the subcommittees face very specific problems, things like receiver specs the internet of things. But various issues on which these fcc and department of commerce are looking for input. Host whats your reaction to the 40 billion or so tha...

Representatives made because i do think we have got to reform immigration. I believe we need to reform it on a stepbystep bases. I know that we have disagreements about how we do that but i think you will see that things will start to happen on that with regard to Border Security and we passed a bill in this house last year with i think, 350 votes, that dealt with legal immigration. And we have got we didnt do everything but it did a bunch of things to get it started. And i know the member from utah is going to reintroduce that and expand and do things on that. I appreciate all of the witnesse...

They each have subcommittees that they specific problems. Like receivers, the internet of things, various issues which these groups are looking for input. What is your reaction to the 40 billion that is auctioned on the ews three auction spectrum. I have strong opinions. I think people that buy it are getting a bargain. The spectrum will be so valuable for these longterm. The auctions are the wrong way to do it. The auctions dont really reflect the fact that we, the public, own the spectrum. When we auction it off people that buy it really just got a license to use it. They are supposed to use...