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The new york stock exchange. >> as you know, wall street is not a big fan of surprises so if rates do rise today, the fed says okay, we will go ahead and raise rates, as they are expected to, its not going to be a big shocker to wall street because what the fed has done over the past several months is talk it up. detailing what rates -- that rates would rise and that the u.s. needs to get back on a path towards normalization because the thinking by most is that yeah, the economys not booming but...

Theyll raise rates at least three times next year that could be the reason youre seeing major indices tournesol it red. the fed has been hinting, so this is not a big surprise, that rates went higher. the fed has been dropping big hints since this summer that it would raise rates in december because they basically think the economy is ready for it although some people say the economy isnt booming. you look at the employment picture, unemployment -- the unemployment rate is at a nine-year low. we...

Doug, im going to start with you you. aside from making history as the first african-american president, what will president obama be most remembered for? >> getting america out of the great recession. i mean, we sometimes forget what it was like in october 2008 when everything crashed. he had to come in in an emergency situation and started working at ways to get the economy stimulated. i also think that killing of osama bin laden will be a major piece thats remembered, but in the end, it will ...

Most remembered for? >> getting america out of the great recession. we sometimes forget what it was like in october, 2008 when everything crashed. he had to come in in an emergency situation and started working ways to get the economy stimulated. i also think the killing of osama bin laden will be a major piece thats remembered. but in the end it will be the first line that he was americas first african-american president and was successful and had two terms. although he had a lot of headaches a...

Fdr knew from the day he got sworn into office, david ignatius, that actually thats a big part of being president of the united states. >> being able to have an impact. >> having an impact when you tell people we have nothing to fear but fear itself and delivering it like a shakespearean actor. elkhart, indiana, 19% unemployment in 2009. 3.2% unemployment today. >> donald trump gets the theater part. no question about that. there is a tradition that we havent seen much of over the last couple pr...

Of jobs in health care. manufacturing, this is the political story, right? this is why president-elect donald trumps message this week about bringing jobs back and keeping factory jobs here, thats why it resonated. 4,000 jobs lost in manufacturing. you have lost about 54,000 over the past year. thats been a spot, the factory jobs has been a weak spot here. let me put it in context. its not just one economic data point, right? we have had jobless rate of 4.6%, a really good number. auto sales thi...

Auto maker are says it could be a report year for sales. up 7.3% last month, so it looks like consumers are spender more. read estate surpassed their peak in 2006 before the financial crisis. so youre see housing prices up nationwide. finally theres the strongest overall growth in more than two years. gdp for the third quarter grew 3.2%. it is a remarkable run of economic data for one week. it certainly is an interesting comparison so what president obama walked into. when he was elected, you sa...

Committee issuing a statement saying these numbers, this 4,000 manufacturing job highlighting that and saying we have lost 300,000 manufacturing jobs under president barack obama. let me show you other strong information we have had this week on the economy. its not just this jobless number in a vacuum. the jobless rate 4.6%, we saw auto sales very strong, gm sales very strong. to buy a car you have to have a lot of confidence in the economy and your job. auto sales strong. home prices back abov...

3.2% unemployment today. >> well, donald trump gets the theater part. no question about that. there is a tradition that we havent seen much of in the last couple presidents of what was called jawboning, with the economy, where presidents would lean hard on corporations if they were thinking of raising steel prices. presidents would jawbone the steel companies into backing down. the problem is that kind of direct government intervention is a slippery slope. under president nixon, it ended up goin...

A iranian source said its higher than reached. closely watching the opec meeting in vienna. home prices, i told you theyve never been higher. the s&p case schiller home price index shows a 5.5% increase over the last year. the average price is $184,800. beating the level reached in the housing boom in july 2006. the hottest is seattle. prices jumped 11%. portland also up about 11%. denver and dallas posting big gains there. another sign of economic strength, gdp, now the strongest in two years. ...