>> the following is a paid presentation for the bye-bye foundation beautiful you foundation from its cosmetics and jamie. >> imagine having skin that looks this beautiful, this flawless, without having to watch -- where foundation. it covers everything, but looks and feels like you are wearing nothing. imagine one product that can make you look up to five years .ounger instantly
this life-changing product is bye-bye foundation. the first ever full coverage moisturizer from its cosmetics. it is sunscreen and makeup in one step. say bye-bye foundation and hello to a beautiful, flawless skin. it is your skin, but better. >> it gives you the coverage it gives you your most beautiful face. >> i look flawless, instead of like i have a lot of makeup on. it feels silky, light, like nothing is there. >> it feels like i'm not wearing anything on my face. it covers up everything, it engines -- even got my skin tone. next there is nothing i have found that gives me what it cosmetics does. people tell me i love your skin,
not i love your makeup. >> one step, one product. i get everything i need. and in seconds, i can have flawless, beautiful looking skin. and that is something i have never been able to do. announcer: it cosmetics made news on the today show. in the new york times, and the wall street journal. it has been featured in magazines. llure", "family circle" and "cosmopolitan." and "women's day." the bye-bye foundation beautiful you collection was developed by jaime kern lima. as a tv news anchor, she struggled for years with her skin issues. she was unable to find make up that gave her the natural coverage that she wanted. dedicated her life to finding a solution. she worked with plastic surgeons , and dermatologist and she , founded i.t. cosmetics which stands for innovative technology. she created products that give -- clinically shown, antiaging, and loving products that give you the power to look and feel your most beautiful. watch this. jamie: hi, i am jamie. when you see my skin right now, you might not know that i suffer from acne, redness, i have hyperpigmentation all across my
cheeks, which is so hard to cover. what is truly amazing is right now i don't have any foundation or concealer at all on my skin. i'm wearing one life-changing product unlike anything you have ever seen before. i am so excited to share it with you. this is my skin. i suffered from rosacea and really, really sensitive skin for more than a decade. i used to spend hours every day applying heavy foundation, hoping they would cover. i tried foundation after foundation, and they either would not cover, or they would be so thick they would crack and make me look older. it would irritate my skin. it would clog my pores so my skin would look worse. so then i would apply even more. i knew there had to be something better. i worked with plastic surgeons and dermatologists, and i created i.t. cosmetics. i wanted to create a superior product that does the work for you and is designed to give you your most beautiful skin.
this is bye bye foundation. it is our revolutionary full coverage moisturizer. it is not a foundation with a little bit of skincare thrown in, it is not skincare with a tint of color. it is something entirely new. it is a skin loving, anti-aging moisturizer that is clinically shown to make your skin look better even after you take it off. plus, it has your full coverage and your spf all in one simple step. it is truly unlike anything that is ever been done before. it can cover everything, but it looks and feels like you were wearing nothing. and it is so skin loving, you can even sleep in it. bye bye foundation will change your life. and can truly reveal your most beautiful skin. i am jamie kern lima and i believe great makeup can give you great skin. and this is it. announcer: bye bye foundation is a completely new concept in cosmetics. it takes the place of your moisturizer, your anti-aging
skincare, your spf, all in one. it is as easy as applying a moisturizer, and it is so skin loving you can sleep in it. the secret is the 3-d skin flex technology. it targets your skin issues on three levels to help correct, perfect, and protect your skin, all of the same time. on today's show, join "the biggest loser" actress alison sweeney to hear jamie's story of how she developed bye bye foundation. you will hear from women who had their lives changed. you will see amazing demonstrations that put it to the test. you will see a shocking revelation from our studio audience. jamie: we're going to do something that has never, ever been seen on television before. are you guys ready? announcer: stay tuned, to see how you can have flawless looking skin at any age without having to wear foundation. with the bye bye foundation beautiful you collection. alison: would you like to have skin that looks beautiful every day? i know i do.
i want beautiful, younger looking skin. and i want coverage that does not look or feel like makeup. now i can get perfect coverage that is actually good for my skin and just seconds. plus, i get my skincare and spf in one. bye bye foundation is the first ever full coverage moisturizer from i.t. cosmetics developed by jamie kern lima. and we will meet her and hear more about her inspirational story right now. [applause] jamie: hi. alison: i am so excited to be here with you. i can't even tell you -- this is so fun for me. jamie: i'm so excited about bye bye foundation. i'm so excited about this. alison: jamie, bye bye foundation is something that pretty much has never been done
before. you call it the world's first full coverage moisturizer. what does that mean? jamie: a lot of these products, they really are just makeup, and a couple of skincare ingredients thrown in there. a lot of times they can be drying on your skin. bye bye foundation is so different. teaming up with dermatologist and plastic surgeons, we literally threw everything out the window and started from scratch. bye bye foundation started its life as an antiaging moisturizer. it gives you your skincare, your spf, and your full coverage all in one. it is clinically shown to hydrate your skin by 79% in just 10 minutes. which is huge. just one step. there are peptides that reduce the look of wrinkles in just 10 days. bye-bye foundation is spf 50 plus. it protects you against the rays that age you and burn you. full coverage in that one step. you think full coverage, foundation. they crease, crack, they are heavy and pancake-y. they clog pores. alison: and you can see the person is wearing so much makeup.
jamie: bye bye foundation is not a foundation so it goes on. it looks and feels like a weightless hydrating moisturizer. you are getting that coverage if you need it. >> it is the quintessential beauty product. they did something that is natural, good for my skin, i absolutely love it. i no longer have to sacrifice great skincare or coverage. i can have them both in one simple step. it gives me the coverage that i need. but it still allows my face to be present. >> i am still there. when i walk into a room, i walk in first, not my makeup. announcer: unlike many foundations, bye bye foundation was developed to make your skin look younger. the innovation is the 3-d skin flex technology that targets your skin issues on three levels. within the skin surface, antiaging peptides, and hydrolyzed collagen infuse moisture and help correct the look of aging skin. at the surface, light diffusing figments cover and perfect the look of your skin and flex so they move with you. they are designed not to crack or crease.
and on top of your skin, broad-spectrum 50 plus spf helps to protect your skin from the sun. so bye bye foundation helps to correct, perfect, and protect your skin, all at the same time. jamie: are you tired of your foundation creasing and cracking? bye bye foundation has 3-d technology flexible pigments designed to never crease or crack. i will show you what that means for you right now. imagine this nylon band is your skin. on this nylon band i applied a typical liquid foundation. i applied bye bye foundation here. throughout the day, we do a lot of talking and smiling, so our faces are constantly moving and stretching like this. and look at what can happen to some foundation. we have all seen this creasing and cracking before. you don't have to settle for this anymore. bye bye foundation has 3-d skin flex technology so the pigments are designed to float above your skin and move with your skin and not crease or crack. so it stays fresh and radiant no -- radiant, and natural looking
no matter how much you talk or move throughout the day. >> the bye bye foundation beautiful you collection gives you everything you need to have beautiful, flawless looking skin every day. it is what i have on my face right now. alison: it has completely changed the way i do my skin routine in the morning and the way my skin looks and feels every day. you have to try it to believe it. announcer: discover it, love it, believe it. imagine looking up to five years younger instantly. bye bye foundation is proven to last all day. increase skin hydration by 79% in just 10 minutes. and improve the look of your skin in just 10 days. as easy as applying a moisturizer, it gives you the coverage you want. even camouflaging your most challenging imperfections. but it is so light you can't even feel it on your skin. and it protects your skin with spf 50 plus sunscreen.
bye bye foundation can cover dark spots, fine lines, or acne -- pores, acne, and imperfections from view instantly. bye bye foundation comes in your choice of four skin perfecting shades. light, medium, tan, or rich. the bye bye foundation also includes our super concentrated waterproof bye-bye concealer to cover dark eye circles. it can cover anything, even tattoos. then, for a perfectly airbrushed look, you will receive the finishing powder. infused with drops of light technology to optically blur away imperfections. you'll receive vitality of lip blush. this award-winning shade gives you your lips, but better. it is lipgloss, lip stain, and antiaging lip balm all-in-one. and get our hello lashes mascara, clinically shown to increase the look of your lash volume by over 400%. and the detailer tip allows for vertical application to separate
every last lash. you can easily spend hundreds of dollars on the products this replaces. call or go to tryitnow.com to get your bye bye foundation beautiful you collection for the unbelievable low introductory price of $39.95. that is an amazing value. plus, call in the next 18 minutes and today you will receive two free gifts. the vitality facelift, with everything you need to contour and enhance your beauty, all in one handy compact. and the most luxurious heavenly complexion brush for flawless airbrush application every time. that is a $48 value alone. if you don't look up to five years younger after your first use, just return it for a full refund. call the number on your screen, or go to our website and get the bye bye foundation beautiful you collection and your free gift, a total value of over $150 for
just $39.95. this offer is not available in stores and may not last long. so hurry. call or click now. alison: it cosmetics works to -- with the dermatologist and plastic surgeons to give you proven skincare with clinical results. we spoke to one of them, dr. dayan recently conducted a study where women were ranked on whether they looked better with no makeup, their regular makeup, or bye bye foundation. >> we had 27 women come into our office. between the ages of 29 and 69. we told these women to wear your own makeup. make it like you are going out on a saturday night. look as best as you can. they came into the office and we took photographs of the women. you have her take the makeup off. you take a picture with no makeup.
and then you take a picture with it cosmetics makeup. we asked over 300 reviewers how old they thought they were. it was surprising to find that when they wore their own makeup, they registered as 1.3 years older. with it cosmetics, they looks almost 2.5 years younger. patients 40 and above actually looked five years younger than their own makeup. or with no makeup at all. wearing makeup and if you add it cosmetics, chances are, you are going to look younger than your real age. >> i definitely got a lot of compliments since i started using this makeup. people think i am five years younger than i am. which is awesome and i will totally take it. diana: i am 38 years old and i have people saying, you look so good. and i am 38-years-old. asking what i am doing with my skin. >> i am confident again. i feel beautiful and young. people look at me and said -- say, wow, you look good. i do not tell them my age. when they guess, it is never 50. announcer: discover it, love it, believe it. [applause] alison: i am so inspired by your story and i think you should
share it with everyone. jamie: all right, the easiest way to share it is just to show you. i will take my bye bye foundation off. alison: i can't believe this is happening right now. jamie: we are all real gals. it looks like i have great skin, right? oh my gosh. i have hereditary rosacea. i have hyperpigmentation. i really believe that i've gone through all these skin issues to devote my life to develop a solution to them. i worked with plastic surgeons and dermatologists to create something i believed is an entirely new category.
this is it. we developed bye bye foundation. it is literally one step and you are done. it is as easy as putting on a moisturizer. alison: i can do that. jamie: and look, it is so light. it feels like nothing. and when you smooth it on your skin -- i am not even using a mirror. i am just smoothing it on. you're getting your anti-aging skin care. you are getting that full coverage, right, especially if you need it. you are getting the 3-d skin flex technology so it will never crease or crack. you are getting your spf. it is so simple. so easy and it is done. alison: that is it. ladies, look at her. [applause] alison: you can't do that with makeup. jamie: it is not makeup, it as a full coverage antiaging moisturizer. it is a product that does the work for you. it gives you your most beautiful skin. marivel: bye bye foundation has really been my holy grail ever since i started using it. it has changed my skincare routine, my makeup routine.
it is such an amazing product. >> bye bye foundation is my favorite because it is silky on my skin, you can feel the nutrients coming on, and it covers my hyperpigmentation. derri: i couldn't find anything that would cover like full coverage but feel light. bye bye foundation doesn't have that heaviness or thickness. it moves with your skin. jamie: let me show you how bye bye foundation compared to typical foundation. i'm using an orange because it is similar to your skin. i have applied these spots right here, representing different skin issues we have. so these blue spots show dark shadows or veins. let's say you have redness or rosacea. these red dots represent that. these brown dots represent dark spots or hyperpigmentation. here is what happens with other products you might use on your skin. first, i will apply a popular b.b. cream. you can see, as i start to
apply, i'm getting a little bit of coverage, but those spots are coming through. and as it ends up, it is really not covering much. and here is a very expensive, high end foundation. it costs more than our entire kit. you can see, as i start to apply, still the spots are coming through. now, bye bye foundation will cover it instantly. watch this. i am applying the exact same amount. you just need a little bit. bye bye foundation instantly covers. bye bye spots altogether. look at the pores of the orange, they look smaller. almost like they disappear. so bye bye imperfections. and hello, flawless looking skin. courtenay: i am the editor in chief of new york city's leading fashion magazine, "bella new york city." we try hundreds of products. we really want to tell our readers the best brands on the market place.
the only brand that ever made it onto the award list every year was i.t. cosmetics. i've never found a product that works as well. alison: now it is time to say bye bye to heavy foundation, and morning skincare, bye-bye to daily sunscreen, and bye-bye to dry skin. the look of blemishes, scars, dark spots, birthmarks, and redness. here is how you can say hello to beautiful looking skin with the "bye bye foundation beautiful you" collection right now. announcer: call or go to tryitnow.com to get everything you need to look up to five years younger. you will get bye bye foundation in your choice of four skin perfecting shades. light, medium, tan, or rich. with 3-d skin flex technology, to help correct, perfect, and protect your skin, it also includes our bye bye concealer. it can cover anything, even tattoos. and for that perfect airbrushed finish, you will receive the tinted skin finishing powder. and you will complete your look with award winning vitality lipgloss and hello lashes mascara.
you can easily spend hundreds of dollars on the expensive products that bye bye foundation replaces. so call, or go to tryitnow.com to get the bye bye foundation beautiful you collection for the low price of $39.95. that is an amazing value. plus, call in the next 12 minutes, and today you will receive free gifts. the vitality facelift, with everything you need to enhance and contour your beauty, and the most luxurious complexion perfection brush. if you don't look up to five years younger after your first use, just return your it cosmetics for a full refund.
so call the number on your screen or go to tryitnow.com to get the bye bye foundation "beautiful you collection" and your free gift, a total value of over $150 for just $39.95. this offer is not available in stores. and may not last long. hurry, call or click now. discover it. love it, believe it. jackie: they're saying you have perfect skin. that is so nice to hear because i do think it is perfect skin but really i am hiding some blemishes. but no one knows. >> somebody complimented me on my skin. your skin looks great. i thought, that is what they said would happen. aylin: there is nothing out there i found that is give me what it cosmetics has. that is to say i love your skin, not your makeup. allison: we spoke recently with dr. elizabeth callahan, she is consistently ranked one of the top dermatologists in the nation. dr. callahan: not only are you
getting a full coverage product, but it will improve the tone and texture of your skin. the ingredients in bye bye foundation are quite significant. they help reduce pore size, and the appearance of fine lines, and discolorations. brown spots and red spots. it is a true protective physical based sunscreen. spf 50. those in my opinion are the best forms of sunscreen. as a clinical dermatologists and a surgeon, bye bye foundation is the first product i found that is truly a one step product. and when you apply this product, your skin looks lifted. it is luminous and fresh. this product is absolutely incredible. [applause] allison: i have a surprise for you. not a single woman in this entire audience is wearing foundation, but they're getting full coverage with bye bye foundation and confidence which is huge.
we are going to do something which has never been seen on television before. are you guys ready? they are going to show the world how bye bye foundation is giving them their most you beautiful skin ever. are you ready? they are removing their bye bye foundation and revealing their skin. you can see really does cover skin issues for all skin types. i want you to see that bye bye foundation will work for you. you can get the confidence that comes from your most beautiful you. alison: i can see how emaotional you are. jamie: everyone in the audience, we all have different issues. i'm watching your eyes and the confidence in your eyes. you would never know that you have redness like i do. how do you feel? >> beautiful. jamie: you are beautiful. it is so easy, right? also, the most amazing thing is, watch how quickly and easily they can reapply bye bye
foundation. you can apply it just like a moisturizer in under a minute. watch this. alison: everyone is doing it without a mirror. it is so easy. jamie: it is not makeup, it is a full coverage antiaging moisturizer. it is not foundation with a little bit of skincare thrown in, it is not skincare with a hint of color, it is something entirely new. for every woman out there like me, like all of us, with acne or redness, it is not about concealing, it is about revealing your most beautiful you. and your most beautiful skin ever. you deserve it. [applause] announcer: imagine looking up to five years younger instantly. bye bye foundation is proven to last all day. increase skin hydration by 79% in just 10 minutes, and improve
the look of your skin in just 10 days. as easy as applying a moisturizer, it gives you the coverage you want, even camouflaging your most challenging imperfections. it is so light, you cannot feel it on your skin. it protects your skin with spf 50 plus mineral-based sunscreen. bye bye foundation can cover dark spots, fine lines, pours, pores, acne, and imperfections instantly. the secret is 3-d skin flex technology. developed with plastic surgeons and dermatologists, it targets your skin issues on three levels. within the skin surface, antiaging peptides, acid, and hydrolyzed collagen infuse moisture and help correct the look of aging skin. at the surface, light diffusing pigments cover and works with you and are designed not to
crack or crease. on top of your skin, broad-spectrum mineral-based spf helps to protect your skin from the sun. so bye bye foundation helps to correct, perfect, and protect your skin all at the same time. bye bye foundation comes in your choice of four skin perfecting shades. light, medium, tan, or rich. the beautiful you collection also includes our super concentrated concealer to cover dark eye circles. it can cover everything. even tattoos. then, for a perfectly airbrushed look, you will receive the bye bye pores tinting skin blurring finishing powder. it optically blurs away imperfections. and you will receive vitality lipgloss. this makes your lips look better. it is your lipstick, lipgloss, lipstain, and antiaging lip balm all in one. and get our hello lashes mascara. it increases your lash volume by over 400%. and it allows for vertical
application to separate every last lash. you could easily spend hundreds of dollars on the products that the bye bye foundation replaces. but call or go to tryitnow.com right now to get your collection for the introductory price of only $39.95. that is an amazing value. plus, call in the next six minutes and today you will receive two gifts. the vitality facelift. it gives you lots of different looks in one compact. and the most luxurious brush for flawless airbrush application every time. that is a $48 alone. if you don't look up to five years younger after your first use, just return your it cosmetics for a full refund. call the number on your screen, or go to tryitnow.com to get the bye-bye foundation beautiful you collection and a free gift, a total value of over $150, for just $39.95.
this offer is not available in stores and may not last long. so hurry. call or click now. denisse: the bye bye foundation is my favorite product i've ever found in my life. it just feels like i'm not wearing anything on my face. it makes my skin look flawless. it covers up everything, and it evens out my skin tone. frances: i love it. it does not get into the creases in my skin or my wrinkles. it feels so light. mary: jamie makes ordinary women feel extraordinary. and i love that she created something for the ordinary woman to look and feel her very best. >> bye bye foundation. >> bye bye foundation. >> the preceding was a paid presentation for the bye bye foundation "beautiful you" collection from it cosmetics by jamie kern lima brought to you by guthy renker. ♪
>> on today's special paid presentation for cindy crawford's new meaningful beauty ultra you'll discover the secrets to not only aging gracefully, but beautifully while looking your absolute best every step of the way. my philosophy is to live well and take care of yourself. it is about celebrating who you are and being the best you you can be.
it is not aging, you're just living. >> in the next few minutes, some of the world most in -- inspiring women will share with you the secret of looking as good on the outside as he feel on the inside. old.am 54 years i feel like i have that extra something i need because my skin looks good. >> i love it. there is no question that my skin is better now. >> at 65 years old i feel absolutely fabulous. when i look in the mirror i feel beautiful. >> i am 51 years old and my skin has never looked better. valerie: hello, i'm valerie nalley -- bertinelli. let's face it, we are all getting older. what we could choose to look younger -- maybe we can. just look at cindy crawford. after three decades on the job, cindy crawford is quite possibly the most celebrated supermodel of all time. today, at age 48, cindy's skin looks as young and gorgeous as ever.
it is as if she has made time stand still. look at these pictures, from age 28 248, her skin has barely changed. "the new york daily news" said cindy crawford defies the laws of aging. "us weekly" says, cindy crawford has not aged a bit. what is cindy's secret? because whatever she is doing, it is obviously working. announcer: cindy's secret is specialist dr. jean-louis sebagh. known as the emperor of anti-aging. a miracle worker and the youth guru. >> his groundbreaking formula is based on a rare melon, that seems to defy the aging process. cindy: i was introduced to dr. sebagh when i was 28 years old. even after the first time i saw him, my skin was glowing. it was like it had come alive and it kept getting better. dr. sebagh: when cindy came to see me, i told her, you will look amazing at 35, 45 and 50 and so on. that was my promise to cindy. announcer: the results she got
were incredible. but she wanted to continue her treatment at home. >> so dr. sebagh created formulas just for cindy. it wasn't long before she started sharing these formula with family and friends. announcer: from there, it became meaningful beauty. the global skincare phenomenon that is loved by more than 2 million women around the world. cindy: it is so satisfying to know you created a product that people are loving and using and it is giving them confidence about their skin. i don't know a more satisfying feeling than that. valerie: cindy crawford's on a mission to take the kind of skincare that was only available to the rich and famous and make it accessible to everybody. lana: to use one of the same products as one of the biggest supermodels on the planet, that's amazing. it's like getting a super potion that everybody wants. announcer: a new system, meaningful beauty ultra. the next system from cindy and
sebagh with a new science and new ingredients for extraordinary youth enhancing results. cindy: i love using and sharing it with people, and i also love working on the next thing. come on, dr. sebagh, what is going to be next? how can we make it even better? dr. sebagh: we have created a new product. you can really access the most sophisticated skincare products that science can deliver. female announcer: it reduces fine lines and wrinkles and improves tone and texture to give you healthier looking skin. male announcer: and these dramatic before and after photos prove it. no make up and no photo shopping. female announcer: these are real women like you who used meaningful beauty and saw meaningful results. >> meaningful beauty has turned back the clock. my skin looks so much younger than it did two years ago.
>> my skin looks smoother, softer, firmer. i find i keep doing this. because my skin looks so good and feel so good. valerie: and it just keeps getting better. today, cindy is unveiling a groundbreaking innovation from dr. sebagh, a brand-new serum with an exclusive new ingredient you cannot get from anywhere else. it's called the ultra lifting and filling treatment. the results will amaze you. cindy: what i am so excited about is that it brings new benefits to beauty that we have not had before -- lifting and filling. >> who doesn't want those? cindy: exactly. debra: it fills in the little liness the imperfections. if you try this, you are going to be thrilled. announcer: join network host, cat deely, as she catches up with cindy on location around the world. >> and cindy shares how you can get access to the wonder doctor.
whose amazing formulas have worked their magic on cindy for over 20 years. then, here the story of one lucky customer who shared a meaningful moment with cindy. >> at that moment, she looked at me and said, you have amazing skin. male announcer: if you think it is makeup they give cindy's skin that flawless glow of youth, think again. female announcer: you will see what happens when she takes the makeup off to show you her bearskin up close. male announcer: imagine if you have cindy's secrets for yourself at more than half off. just watch for the special promo code when it shows up later in the show and get 50% in instant savings thanks to cindy. female announcer: if you would like to look years younger with skin that is radiant and wrinkle free, here's your chance. male announcer: as you discover the age-defying magic of new, meaningful beauty ultra. cat: i first met cindy crawford about four years ago. at that time, i was flying back
and forth to england all the time. and i went to the airport and i was in the lounge and in came what can only be described as a vision, a vision of loveliness. she is glowing, she looks vibrant. she is barefaced cindy crawford and she is gorgeous. and i knew there was something she was doing to make herself look the very best she can be. and it was only later that i discovered that her secret was meaningful beauty. anyway, a few weeks ago, cindy invites me to stop by the set of her latest photo shoot to learn more, and what more can i say? when cindy calls, a girl can't say no. hello. thank you for letting me come down today. cindy: thank you for coming. cat: you should never ask a woman her age, but i am going to. cindy: i have a feeling you know my age. [laughter] cat: i kind of do. i've done my research. cindy: 48. i cannot believe it when i say it.
when i was in the car driving here this morning, i was thinking, how in my 50? cat: you look incredible. i cannot believe it. what is the secret? cindy: meaningful beauty. that really is the secret. i cannot believe people are still asking me, come on, what do you really do? i have gotten such a great result, it is what i use everyday. i want to share that. cat: what inspired you to create meaningful beauty? cindy: i was first introduced to dr. sebagh by a makeup artist when i was 28 years old. i went to his office, which is on a residential street in paris. he came to the door himself. he just has this incredible
smile and great energy. he did a vitamin treatment on me. i was like -- wow. my skin woke up. i wouldn't have known my skin was dull until he brought it back to life. i was like, wow, i do not know what you did to me, but my skin looks amazing. i would check in with him whenever i was in paris and get a little treatment. and then i got married and had kids and stopped traveling as much. i kept calling him, can't you just bottle the stuff or send me stuff? we were joking about it in the beginning, but eventually it was like, no, really, why don't we bottle the stuff? that was the seed that started meaningful beauty. dr. sebagh: the idea was to create a skin care regime for cindy, definitely for her aging process, and then she wanted to share with everyone. that is the secret. she is the girl next door. it is all about giving back. she is amazing. melissa: everybody wants to look like cindy. she looks more radiant now than she ever has. it just really makes you want to buy it. i have to have this. i have to have what cindy is using. cat: i have seen your show on tv and i got completely hooked on
the demonstration of the melon. what is so special about the meaningful beauty melon? cindy: you see the melon we use side-by-side with a similar variety melon. one is rotting and decaying and the meaningful beauty melon stays fresher and firmer. cat: exactly what you want your skin to do. cindy: absolutely. male announcer: the secret that makes meaningful beauty so affected is a groundbreaking discovery from the south of france -- a rare melon that seems to halt the aging process. dominique: it produces a large quantity of an enzyme. the enzyme keeps the melon from decaying and helps prevent cells melon from decaying and helps prevent cells from aging as fast as they normally would. dr. sebagh: what is unique is we these very powerful super
antioxidants. we are the first one to use the melon extract in a high concentration, which is exclusive to meaningful beauty. debra: there's something in the extracts that turn back time. actually, my skin gets better and better. i want to be fresh and firm like dr. sebagh's melon. cat: cindy, every meaningful beauty campaign, we always do a comparison of then and now. do you want to do it? cindy: sure. cat: ok, so this is you age 28. cindy: this is when i started with dr. sebagh. i think that's a good marker. cat: good. 41. very little difference to me. again, 28 to 45. to me, it does not seem to be any difference at all. this is the full 20 years. age 28 and 48. cindy: these are from red carpet events, no special lighting or retouching. cat: that is a great comparison that anybody can see. cindy: what i see when i look at those pictures is that it was worth it. and at any age, you can have beautiful looking skin. we are all getting older every
day. but you want to look good doing it. that is what meaningful beauty is about. valerie: what happens when a world renowned skin doctor from france discovers an age defying secret and teams up with quite possibly the world's most beautiful supermodel? you get a skin care system like no other. now, wouldn't you want to try it? male announcer: call the number on your screen now and we will rush you meaningful beauty ultra, the only system in the world that contains dr. sebagh's groundbreaking melon discovery, the ingredient that can give you gorgeous, youthful looking skin at any age. female announcer: first, you get cindy's luxurious skin softening cleanser. use it with water or without to cleanse and remove makeup. leaving your skin soft, dewy, and refreshed. male announcer: next, you will get our antioxidant day cream.
for a rejuvenated books and a healthy all-day glow. female announcer: plus, vital spf 20 all in one light question arising cream. male announcer: you'll also receive the miracle lifting eye cream that can reduce dark circles and crows feet. female announcer: you will be amazed about how refreshed your eye area can look. garcelle: the lifting eye cream is amazing. the lines are smoother. your eye looks brighter. it just is magic. l-o-v-e. love it! male announcer: and here's what sets the new system apart. premium serums. serums give your skin a concentrated boost of ingredients to supercharge your results. and now, with new meaningful beauty ultra, you get not one, but two luxurious antiaging serums. female announcer: for day, you get dr. sebagh's latest breakthrough, the ultra-lifting and filling treatment. it helps to firm and tighten skin. male announcer: plus, it works
as a non-invasive line filler to plump up lines and wrinkles. female announcer: it is so effective that "in style" magazine compares it to a photoshop blur tool for real life. valerie: i really notice the difference. it's like, firmer and lifted. it is incredible. male announcer: for nighttime, you'll get dr. sebagh's creme de serum, with three powerful age-fighting nutrients swirled into one. female announcer: it fights aging while you sleep. you can wake up to skin that is visibly firmer, brighter, smoother, and younger looking. sara: it is my favorite part of the whole line. you use the rest of the products, and they work, and then you apply this stuff and you are like, boom. male announcer: in europe, women have lined up to buy meaningful beauty. they have paid more than $300 u.s.
so the price of $145 is a fantastic bargain. female announcer: but because cindy is bringing the elite formulas directly to you within no retail markups, you save even more. male announcer: call the number on your screen, mention the promo code, and get 50% in instant savings. female announcer: that's right. all you will pay is it just $59.95 for five premier products. they can deliver such age defying results. april: meaningful beauty has transformed my skin. it's a complete line. they are great products and they all go together for beautiful results. male announcer: now is the best time to buy. the first 500 callers right now who mention today's promo code get free gifts from cindy worth $45. female announcer: you will get the amazing the wrinkle smoothing capsules.
allure magazine says they help deliver maximum wrinkle fighting results. male announcer: use this targeted, intensive treatment to smooth away crows feet, laugh lines, and even expression lines. female announcer: you will also receive dr. sebagh's model secret, sensational glowing serum, a favorite of hollywood insiders. dr. sebagh: this is my red carpet secret for all my celebrities. it will refirm, hydrate, and will give you an instant glow to your face. male announcer: you get all of this, seven age-defying super treatments for just $59.95. female announcer: but what if we could go even lower? male announcer: call in the next 14 minutes, use today's special promo code, mb15, and you will not pay $59.95. female announcer: not $49.95. male announcer: but just $39.95 for everything you see here. female announcer: but you must act quickly. valerie: maybe you are hesitant to buy something off tv, but don't be. you can try meaningful beauty free for 60 days. if it doesn't completely transform your skin, just return it and get your money back. male announcer: even if you decide to return it, you can keep the free gifts as our special thank you for giving it a try.
what have you got to lose? >> i cannot tell you how much better i think my skin looks. my skin looks smoother, softer, firmer. with meaningful beauty, you will see results. male announcer: call now and mention today's special promo code to unlock all your discounts and free gifts. female announcer: hurry and we will fast-track with a free upgrade to priority shipping. male announcer: it's not available anywhere else and supplies are limited. female announcer: call now and get beautiful, youthful-looking skin with meaningful beauty ultra system. cindy: there is not a day that goes by that a woman does not approach me and say, i love meaningful beauty. i've been using it for a year, or two years, three years. that is so satisfying. because that is who we created it for. kitty: my name is kitty. i am 49 going on 50. i saw cindy at the airport and i walked over to her and said, hi, my name is kitty and i have been using your product for the last three years.
i absolutely love it. cindy: she said, i'm the biggest fan. i tell all the girls about it. she had beautiful skin and a beautiful smile and not a stitch of makeup. kitty: at that moment, she looked at me and said, you have amazing skin. i said that the first product i have seen results so quickly and i'm so pleased with and everyone else can see. cindy: the beauty of taking care of your skin goes so far been -- in giving you confidence and self-esteem in your day. i see it on kitty's face. i do not know a more satisfying feeling on that. it makes my day. sounds cheesy, but it really does. cat: bonjour. cat deeley here. imagine my surprise when cindy crawford called and asked me to join her here in paris. apparently she has big news to share and we are about to find out what it is. i cannot believe i'm in paris. it is so exciting.
thank you for inviting me. cindy: it is great. every time i come back, i feel so lucky. this time i brought my daughter. so we are getting to see the city in a different way. cat: what a lovely trip. cindy: this is the birthplace of meaningful beauty. so it is the perfect place to talk about what we have coming next. cat: yes. i understand you and dr. sebagh are working on a brand-new special serum. tell me a bit about it. cindy: yes, here it is. this is the new ultra lifting and filling treatment. it brings two new advanced benefits to meaningful beauty, lifting and filling. those are two things that we have not addressed previously. cat: it visibly lifts your skin and also fills in the lines and wrinkles. how does it do it? cindy: it has ingredients that doctors commonly use in injectable fillers. it is topical, but it is able to get in the skin and fill in those fine lines and wrinkles. it helps you get the firm, smooth look that we all want.
cat: and no risk or pain of injection? brilliant! jeannine: meaningful beauty keeps revolutionizing skincare. it is like a multitasking powerhouse that helps wrinkles and fine lines appear minimized. bridget: i have seen all the rage of botox and all the things you can do that are really invasive, and i just did not want to do that to myself. i wanted something topical that showed results. i love the way i can look to the mirror and see my skin is so much more smooth. it has gotten better every single day. i love it. valerie: so far, i have gone 54 years without putting a needle in my face and i do not want to. so if i can get a line filling effect without actually putting needles in my face, goodness, sign me up. male announcer: this is the latest innovation from meaningful beauty. female announcer: the incredible anti-aging skin care has earned rave reviews from top beauty editors. male announcer: and it is transforming women's skin around
the world. cat: i have definitely seen differences in my skin. my skin springs back and looks more youthful. but more than that, it feels as though it is actually nourishing the skin and changing it. debra: my skin has been a problem my whole life. my skin is sensitive. so i have lots of patches and pigmentation issues. nothing i tried would take care of all of it. since i started meaningful beauty, my skin is completely transformed. my pores look smaller. the little lines started to disappear. i look younger now than i did five years ago. i know when i use meaningful beauty now, i am doing the best i could possibly do for my skin. cindy: one of the best things about meaningful beauty is that it is a complete system. what that means for me is that i do not have to think about anything else. i know these products will give me everything i need for my skin. male announcer: with one phone call, cindy's complete system can be yours. female announcer: first, you get
cindy's luxurious skin softening cleanser to remove makeup and even eye make up, leaving your skin soft, dewey, and refreshed. male announcer: next, you will get antioxidant day cream loaded with powerful age fighters for rejuvenated look in an all-day glow. female announcer: plus, vital spf 20 all in one of light moisturizing cream. male announcer: plus, the cream that will reduce dark circles and crows feet. announcer: you will get the miracle lifting eye cream. it can reduce dark circles and crow's feet. you will be amazed at how bright, lifted, and refreshed your eye area can look. lana: it is my favorite product. i feel like my eyes are much more brighter. i can feel it working. male announcer: here is what sets it apart -- premium serums. serums give your skin a concentrated boost of ingredients to supercharge your results. and now, with meaningful beauty
ultra, you get two anti-aging serums. female announcer: for day, you get the latest breakthrough, all new lifting and filling treatment. it helps visibly firm and tighten and lift skin. male announcer: plus, it works as a noninvasive line filler to plump up lines and wrinkles. garcelle: this multitasks. it lifts and fills. woohoo! yes. it is awesome. male announcer: for nighttime, you will get groundbreaking creme de serum with three powerful, age-fighting formulas swirled into one. female announcer: it nourishes and helps fight aging while you sleep so you can wake up to skin that is visibly firmer, brighter, smoother, and younger looking. debra: i cannot live without the creme de serum. this stuff is magic. male announcer: in europe, women have lined up to buy meaningful beauty and have paid 275 euros for a kit. that's more than $300 usd.
so meaningful beauty's everyday value of $145 is already a fantastic bargain. female announcer: because cindy is bringing the elite formulas directly to you with no retail markups, you save even more. male announcer: call the toll-free number on your screen now, mention promo code mb15, and get 50% in instant savings. female announcer: all you will pay is $59.95 for products that can deliver such dramatic, visible, age-defying results. april: since using meaningful beauty, my skin looks radiant, the lines have filled in and -- oh my goodness, my skin smiles every day because of meaningful beauty. male announcer: and now is the time to buy, because the first 500 callers right now who mention today's promo code get free gifts from cindy worth $45. female announcer: you will get the amazing wrinkle smoothing capsules. "allure" magazine said they help deliver maximum wrinkle fighting
results. male announcer: use this targeted intensive treatment to smooth the way the look of crows feet, laugh lines, and expression lines. female announcer: you will also receive dr. sebagh's model secret. his sensational global serum. a favorite of hollywood insiders. dr. sebagh: this is my red carpet secret for all my celebrities. it will firm and hydrate and will give you an instant glow to your face. male announcer: you get all of this, seven age-defying super treatments for just $59.95. female announcer: but, what if we could go even lower? male announcer: call in the next six minutes, use today's special promo code mb15, and you will not pay $59.95. female announcer: not just $49.95. male announcer: just $39.95 for everything you see here. female announcer: but you must act quickly. garcelle: meaningful beauty really works. try it. you will love your skin.
you will see results. male announcer: in fact, your results are guaranteed or your money back. if you decide to return it, you can keep the free gifts as a special thank you. valerie: come on. money back guarantee? $39.95? is there any reason not to try? male announcer: call now and be sure to mention the special promo code to unlock all your discounts and free gifts. female announcer: hurry and we will fast-track with an upgrade to priority shipping. male announcer: this special offer is not available anywhere. supplies are limited. female announcer: call now and get beautiful, youthful skin with the new meaningful beauty ultra system. now, let's join cindy as she takes the makeup off to show you how she uses the brand-new ultra lifting and filling treatment. cindy: after my skin is clean in the morning, my next step is my favorite new product, which is the ultra lifting and filling treatment. as i get older -- i'm 48 now, my needs have changed.
dr. sebagh is always looking for new breakthroughs to help me keep ahead of my changing skin. this super serum helps visibly lift sagging skin, making it look firmer and smoother. and it helps fill in and plump up lines and wrinkles. your skin is going to look so good after using the treatments. it is really something special. it is cutting edge, and i cannot wait for you to try it. debra: it is great to be a woman who can say, i look at the mirror and i like what i see. that is what i found with meaningful beauty. my skin pigment issues have gone away. it is much more even. it has a glow to it that it did not have before. i am thrilled that the skeptic in me has been put to the side and now i can say, you really can buy something off of television that is going to make your life better. try it for yourself and i promise you you will see a difference. i promise you. valerie: i have been using meaningful beauty for seven
years now and it makes me feel more beautiful. that is hard for me to say. that has not been the case my entire life. so to feel more beautiful in your own skin because your skin looks good, that is what meaningful beauty has done for me. bridget: i love the way my skin feels, i love the way my skin looks. it is all a direct result of using meaningful beauty. antoinette: cindy, thank you. your product has totally changed my skin and i love what i see. female announcer: time is running out to use today's special promo code. male announcer: you get $165 worth of products for $39.95. >> do not let this pass you by. if you want beautiful, youthful-looking skin, here is your chance. >> call right now. >> this has been a paid program for meaningful beauty, brought to you by guthy renker. ♪
interest rates. now we are getting some further targets.heir inflation isches a bit off my -- which a bit off my screen. they are pushing back their forecast time. let me quickly show you what the reaction has been to the news we have had. this is what has been going on with the dollar yen. we did see a little bit of ,eaction to the announcement which may be more muted than we would have
some are worried that we may see contraction for the third quarter. and next bag of japanese data recently. not to mention the inflation numbers earlier this morning before the boj decision. falling core inflation .1% down. second straight month we have seen the numbers in negative territory. energy, we did see a bit of a boost, but still far from the 2% goldie -- the 2% goal.
i want to show you how things looked during the course of the day. , equitiesboj decision performing down. after the lunch break, we saw that boost again. this is for the day, up .8%. scrapping thena one-child policy? this is pretty big news. some say it is too little, too late to buck the trend we have seen in the asian population in china. the initial reaction we have seen from the baby infant products, anything with diapers, formula all surging here. 10%, as much as 11% earlier in the day. i want to end with this one. group,% the its parent the biggest retail giant in south korea, announced that they
would be buying chemical businesses for $2.6 billion, the biggest deal since its founding. some analysts say this deal is a little bit too overpriced. shares under pressure this morning. back to you. anna: thank you very much. guy: busy day for the boj. policy unchanged as governor thinks it will be hit in the second half of 2016. say japan hass entered another recession already. some people scratching their heads and wondering why the boj's that on its hands once again. >> i can imagine they are. there are at least three good reasons why the boj stood pat today. one would be tiny. we have had officials telling us for a while that they are concerned that if the boj expands stimulus, the central
bank -- there is a sense that there is not much demand for funds. another factor was china. you think about one of the big factors that is waiting on their economy right now. it is china's economic slowdown. stimulusa sense that in japan might not be able to solve that problem. maybe better to relate -- to wait. the third thing is politics, both mastic and international. the mastic league, households are struggling with higher food prices. i think mr. abe has made it clear to the central bank that he is a little bit concerned that the yen has probably gone far enough. internationally, you have the tpp hanging in the balance, waiting to be ratified. japan does not want to be seen ende engineering a weak
while congress is still weighing whether to go on with this deal. anna: tell us what this means for inflation. at the same time the boj does policy, they are hitting the inflation target. there could have been a trigger, a reason to have a change in policy. thinkingr. kuroda about inflation right now? >> it definitely could have been a pretty good rationale to take more action today. , weink the first thing is saw a month ago, we had the first fall since 2013. we had a second month in a row of that. one thing that is different now is that japan is no longer an outlier in this regard. it has the eurozone inflation trend pretty much in line with 's.an japanave managed to put
in line with other developed economies. the pushing back of the target, the >> none of them have says september was doable for 2% inflation. i would reckon none of them would agree that december next year is feasible as well. >> thank you very much. credit squeeze has received information, inquiries relating to relationships with individuals. relateddo see fifa inquiries. confirmation of that.
billion euros. and the world's biggest deal this year, 9.6%. that comes as u.k. regulators gave the company until 5:00 wednesday to have a takeover. anna: guy: the bank of -- anna: the bank of japan has kept its plan the same. speak to our guests from japan, an economist, thank you for joining us. they ask you about why pushed up its target for
inflation. do you think those things together made sense? sense for bojs obviously. there was a clear timeline to win he would achieve it. he was fond of it. 2% in two years time. having missed that deadline, i itnk the bank will not feel easy they can basically postpone the timing of that inflation target to any time they prefer. much his politics playing a part in all of this? how much is the relationship with the minister of finance and the boj, the boj deciding to delay? guest: well, i do not see much politics in it. at least not with the
government. if there is politics it is with boj policy members who are against it on the effectiveness of securities. they are pure grants who have been doubting the effectiveness. there are certain politics within the boj but not the government. anna: what about the international political dimension? pacific,e conversations are going on around trade and the weakness of the yen is something that comes up in conversation. is that playing into this? guest: to some extent. the yen is a historical week part -- weak point. japanese ian is as weak as it was in the 1970's. only slightly a
part of the developed economy. the weakness is an issue and i don't think bank of japan want to appear to being trying to depreciate further down. >> how much more could monetary policy do for the japanese t this stage? good: i think that is a point. a cost andways benefit to anything. monetary policy is no exception. you could argue the effectiveness of additional easing is starting to decline. naturally japanese government including the central should look elsewhere. that are other tools monetary policy could use. they could start buying equities.
i think by then, maybe bank of japan still hasn't achieved the inflation target and raising sales tax, dumping the demand would be a bad policy. even now i think the japanese government should add the fiscal stimulus by deleting the scheduled tax hike in 2017. anna: thank you for joining us from japan macro advisors where he is chief economist. to bank central policy and the drugmakers. they have entered into preliminary friendly discussions, whatever that means
following an approach by rival pfizer. the deal could be the biggest we have ever seen. morning.d what does friendly mean? guest: we have not seen the breakdown that we saw when pfizer came after astrazeneca. has done a trend is amount of deals in his time. we have not seen a number on price. we don't know what the initial opening offer is. i'm sure there will be a lot of back-and-forth. shot, this size by a long a company that has a history of these type of megamergers. anna: that is just a grain price and then there is the politics. why does this make sense? is it about tax? guest: tax is a primary driver.
he wants three things out of the deal. he is looking for new drugs and new products, for synergies, and then for financial advantages. that is where the tax component comes in. didn't have this irish tax domicile i don't know if pfizer will be going after them. the u.s. has the highest tax rate in the world. they also have billions of dollars trapped overseas that if they try to bring back to use for mna, for share purposes, they have to get taxed at a higher rate. they need access to the money. it is a big issue. guy: given the politics and what is happening in the u.s., -- guest: we're in the middle of a residential election print it is a primary process. before we going to the general section of the election next
year, the primary process positions are further to the right and further to the left. hillary clinton said you can't believe these companies are deserting america, fleeing overseas. how dare they? donald trump having comments a few days before that with bloomberg news indicating companies aren't loyal and his goal is to lower taxes. they are risking making .hemselves the poster child you don't want to be a play toil for the u.s. political system in the middle of a primary. it will add difficulty to deals that are already difficult to execute. anna: thank you pretty great to have you on the program. news, out withng
it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. ♪ guy: here are the stories you need to know this morning. anna: the bank of japan is kept at monetary policy unchanged. it now sees the inflation target being hit run the second half of the 16th. guy: there's a profit rising helping. that beat 1.7 billion estimate of the analysts we survey put into their numbers. anna: third-quarter profit rose 12%. lower research costs also helped.
exceptional roads to 920 one million euros. the biggest rainmaker also a share buyer announced plan to increase production of its workforce. they also just announced they have a helicopter deal with china, which is good news for airbus. the governor of the bank of japan just started a press conference. we will monitor that as we start to get more news we will bring it to you. the bank of japan is no change other quantitative easing policy, but pushing back saying he will meet that inflation target. in the quite heavily the first half hour of the program. top divides the u.s., russia, and saudi arabia are meeting again in vienna today for talks about how to resolve the syrian civil war. elliott, good morning. no breakthrough expected at this
stage, but's talks are already really significant. elliott: that's right. one reason is the fact that iran has a rising influence and is being recognized as such not just within the region, its have it rival, but you being recognized as a regional player by the united states whose relationship does not extend much beyond those nuclear negotiations they have been having. there are significant talks never have these rivals, not as enemies and rivals, sitting on the table trying to work out some kind of compromise over the syrian civil war. little love lost within the saudi's and the iranians. america also against russia's recent intervention. minister isrmer
hosting these talks they summed up the significant of the iranian presence. >> simply the presence of iran shows that the goal really is to include everyone. this is one result the last week's negotiations. this brings us closer to a chance for a solution. elliott: it is worth noting place, thetook americans, saudi's, russians and turks for their and the iranians were not. now, they have a seat at the table. me through what is going to be talked about. don't get your hopes up, that is the first thing to say. the french foreign minister summit up saying this is the best thing to get some type of method for resolving the syrian complex. is still too, it
early for an agreement of substance. the biggest obstacle is the presence of basha as leader of syria. he has the backing of the russians who see him as playing a role in some transitional government and staying in power and maybe being able to contest any future elections. that is not something the americans want although they seem to step back from insisting he must go. stay in power, the americans would only want that to be for a very short time before having some kind of fresh election in which he would not be able to stand. there are other players in this, turkey is adamant that assad must go. it is quite difficult to see how they can resolve their varying issues. the people fighting on the ground have an important role, but they're not taking part in
these talks anyway. the french foreign minister sums it up, don't expect any major breakthrough this time around. hopefully at some point down the line, however. anna: elliott, thank you. guy: now, turkey is heading back for the polls for the second time in five months. >> there is tension and division in turkey as people headed back to the ballot box. june so the ruling party lose it parliamentary majority for the first time in 13 years. it lost to support to the pro-kurdish hdp. rival parties failed to form a coalition, triggering the rerun on sunday. the political deadlock is
followed by an increasing security situation. bombings, they have killed over 140 people. accusedident has been of fueling the divisions and stoking nationalism to win votes. divided,ry is bitterly and investors are taking note. sold off, andra bond yields are up. there could be a repeat of the result in june with no party winning a majority. the party says it is open to forming a coalition, but as talks fail again, another election could loom for turkey. more in instead bowl. what are the possible outcomes -- istanbul. what are the possible outcomes? >> the president has an working
overtime to clawback the parliamentary majority. if we look at opinion polls, it may not be that easy. they may need to form a coalition. the most possible possible -- party possible could be chp. the prime minister said this time around he may be more willing to form a coalition. let me just remind you, they eats to have a single majority, but there was one other party standing in their way, that is the pro-kurdish party. they managed to pass the 10% fresh old -- threshold. there is a lot of players in this game. anna: thank you. let's carry on the
conversation with one of our guests. , turkey's election, walk us through what you think the implications of this are. >> is it does manage to find a coalition, i think the market would result is a net positive. they have been worried about its dominating politics. in a way that is not great for turkey's democracy. if you do get checks and balances, if you from the coalition which was difficult, if it is easier, i think that is the case. the markets should rally. that politics will help turkey. the economic situation is not getting much better. i think that will be a rally that a lot of people worried -- might come around. is there a need for structural reform? bhanu: turkey's own
idiosyncratic problems are enough to have problems even if emerging markets are strong. negative within turkey. the reason for that is that turkey have external deficits that are extremely high. local demand for turkish products are weak. they are still pumping the credit pedal. they are still increasing, turkish banks have borrowed quite a bit. to unlistedas gone companies in the construction sector which makes you think about 1990's asia. the only differences, turkey does not affect currency. i'm afraid, i think there are a few imbalances in this economy. politics is one problem, but not the main problem. politics, youot are saying you don't like a number of indicators. should turkey be in my portfolio? if it iswould say no,
a six month or one year portfolio. this is not a time were i would be going to turkey at all. think this will salt issues for turkey, politics is the sideshow. the economy is getting much worse. about what shes referred to, the emerging markets story. things seem to have calmed down a bit after top summer. bhanu: things have calmed down after a very crazy summer when people went insane just buying hedges for everything. people worried about emerging markets. that has been pulled back a little bit. fundamentals are still slowly deteriorating. there is no inflection point yet in terms of growth and improving markets. we are not out of the woods. shownct that the fed has
that it is quite ready to go in december, i think that is problematic. i'm impressed with how will the nikkei is taking it in japan. i think they could have a bigger issue. chart, this is over the last year. a big down drop, this year, what do you make of this. is a short rally. if you look at what rallied, it is energy, materials, financials, all the things massively under weighted at that time. not a lot of new money has been allocated. interesting, this happened despite commodity prices coming down through this time. this is nothing to do with fundamentals, which is why they think it will go the other way. anna: do you think we have seen the big dollar rally, i guess but that it is,
already done and has priced in as we look at what might move. bhanu: the dollar has been strengthening against emerging markets in 2011. the problem this time, unlike the 1990's, or 2002, there is not a balance sheet globally that will expand to bail them out. hashe problem is, yes ems devalued its currency, but there is not much demand for its product. all fair value models of history are not working out because the relationship between global trade and global growth is loosening. i'm afraid it was more to come in the currency as a result of that. you have seen four years of depreciation, if you just look for the proof in the pudding, you're not seeing major gains for emerging markets globally. that's is because global trade itself is very weak.
♪ here are the back, stories you need to know. guy: unchanged, that is with the central bank of japan says. bigoted their inflation markham on the second half of 2016. anna: sales of more than 14 billion euros. it also improved to one billion euros and could increase production. they saw third-quarter
profits rise 14%. one of the world's largest bank beat the estimates we got from five analysts that we surveyed. anna: let's get more now on those bnp earnings. earlier, the banks cfo spoke to us but the company's results by speaking about his optimism for europe. >> if you look at the market in europe, what you do see is a progressive return to growth. in other areas, if you look in the u.s., you see that growth deposits are growing 6%. when it comes to markets, it is true there has been more volatility, more uncertainty about monetary policies. nonetheless, we have been to be well positioned to
capture several clients and market share. that is basically what we have been doing. global markets are up 6%, a strong performance in equities and in credit in this environment. >> how was capital impacting this? lars: it is true that already sent a wild regulations are quite harsh on those markets in particular. i will remind you that we fronted this movement already in 2012. the basically adapted the bank, in order to be ready. the regulation is not only harsh, it is almost a barrier to entry and it pushes towards exits. we see several people getting out of the business. prepared,r ourselves we can take over market share of those that are retracting.
that is what we have seen in our results. >> are you going to announce any , arecutting measures soon you concerned that these measures? it isno, the way we see that we have intrinsically changed. we regrouped some activities, all of our global market activities. we also added security services which has a strong past waiting for those activities. that is what he wants to accelerate. what you need to do now is if the teams are not looking bottom-up and what that means, that is what they are doing. we give them the time to do so. , honestly,e you more i think this will be early next year that anything else. >> are you excluding anything else? lars: we are looking up bringing
together some activities to accelerate, and at businesses and how we can do this bottom-up. i will be happy to give a lot of that back after the start of the year when a sort it out. talking to us post the numbers. anna: the maker of household goods increasing, it sees nigeria as a potential high-growth market to rival brazil in the long term. that even it's africa's biggest economy struggles against the sliding oil price. the ceo spoke to bloomberg. >> my outlook for nigeria and africa is one which is of long-term growth. if you want to invest in nigeria, we do that with the promise of return to the next quarter or 12 months, business that investment for month will not be successful. but if they have a long-term outlook, they become very
successful in nigeria. staying in nigeria, africa's largest operator has until november 16 to pay a fine for failing to disconnect customers with unregistered sim cards. they cut the biggest four-day plunge since 2008. a reporter in johannesburg has more. dois, what did mtn actually here? basically, they have not disconnected about 5.1 million people from their network in nigeria. it roughly equates to $1000 per customer. that sounds like a boring story until he realized that number is about $5.3 billion. anna: what threat does this posed to the company's future? you put it out, the magnitude of the numbers involved? chris: the main issue is
in nigeria is up for renewal. they will have to negotiate this, get the new license, then rush to pay the fine as is clear as possible. the main issue is that it is double their net profits at the moment. you have a new government in place at the moment which wants philosophy at the moment. ,nna: thank you for the update joining us there from johannesburg. sticking with his nigeria story, there's this tell you anything what the nigerian government in terms of business attitude? >> it does you they're a quite as open as they seem. it is not the only company that
has leveraged into nigeria. general, i think this will be a tough operating environment in nigeria. i think it will be tough and africa in general. i think that is priced into nigerian assets. what is not prices the african proxies like south africa. south africa is trading at an expensive multiple. it will be difficult to do well in the next 12 or 15 months with commodity prices where they are at the moment. more mines are likely to be shut down. that will mean the operating environment becomes more and more difficult. this is a telecoms operator, but it speaks to the situation in general where demographics are a huge long-term positive. in the near term, the south african bet was a commodity bet over the last 10 years. africa that will hurt
for some time. economies, you will find many of these are credit plays rather than equity plays. in credit terms, this will be an area that will hurt emerging markets. guy: how is the current downturn testing the. but frontier markets and the volatility, and how they fit into a portfolio? if you years ago there were various big houses saying -- how does that now stand out? bhanu: it cuts both ways right now. they are on fire, then they need to go get front tier because it is such a good place. but if you look at credit, that have been some frontier markets the done quite well from very poor starting point. argentina, ukraine, bolivia, they have done well and that is why they have underperformed. as a whole, should we go into
frontier or emerging markets, and it's always a commodity call. if they are week it will be difficult for frontiers to hold. yes of course, there will be some banks that are not commodity plays, but that is her a specific. you do that when you think commodity prices -- it is a high play. talking but emerging markets, use it to bring interesting about the relationship between global trade and global growth. you thought that really broken down. that is something that would really way on emerging markets. you look at how global trade has responded to global growth since the 1960's, you of 1.3.ad a beat a lot that is where we are today. the problem is, having grown up in the financial markets in the 1990's and 2000, all of us expected global trade to go
three times, that will not happen forever. then you run into diminishing returns. goes through a construction boom, then you have diminishing returns. that is what you are experiencing right now. it has been compounded that in value terms commodity prices are also dropping. in value terms, -- i'm sorry, i mean volume terms, you are seeing that change. it means a few things, one of the effects can continue to go much more because the currency depreciation is not leading to healing. number two, earnings will be trending lower. number three, there will be greater pressure credit wise. anna: thank you, joining us there. just getting news out of kuroda, any do not see there being limits to any further action. guy: we also the u.s. senate giving final approval to the
♪ moves it bank of japan to goals as a keep to its monetary policy unchanged. s third-quarter estimates beat projections. they announce a share buyback. credit sweeps this evening from authorities over the relationship with people named in the fifa corruption scandal. guy: welcome, i'm guy johnson. anna: welcome to the program, the second hour of the program. let's get to breaking