Been exposed that the problem can be dealt with. The regulatory process can do the things it needs to do which isnt necessarily introduce one new regulation. You see what happens with a very wellmeaning regulation. I think the two things that people in congress who are concerned with this issue and regulators should always keep in mind is that everything should be in the direction of increasing transparency, genuine transparency not the radical transparency where people will know what is happening rather than digging through 800 documents. Actual transparency and two being very sensitive to the incentive system they are creating in the financial markets. People respond to incentives. That is the story of wall street and the various crises we have had. People are just answering the call of incentives and when the incentives are bad the behavior is bad. Host finally Michael Lewis i was a little confused by the last chapter. We need to tell everybody what it is and they can pick up the bo
This runs about one hour 20 minutes. This country has not done enough to produce the housing we need from 20002015, about half the country well 7. 3 million homes short on housing production. The shortage, of course, makes housing more expensive and congress has not done his job for years and it was just last year that we hosted in this committee the first hearing on the state of housing in america in nearly a decade. One of the first things we did after he took the chairmanship was talk about housing because the foundation of everything in our lives and it determines so much about your life. It eats up the biggest chunk of most peoples paychecks. One eviction says the rent eats first. For a lot of families, it means crippling stress at the end of each month, how do i pay my rent and then can i pay my electric or water bill or internet or credit card . For years, the market is not produced enough housing that working people can afford. Home health aides and nursing assistants in restau
Objective. Cutting back Financial Aid to the troubled nation. Adam we want to check in with Nicole Petallides. Nicole so far, so good. Here we are sitting at 15,307. We are looking out five of the six trading days. It shows you that the run has been a good one. The tech heavy nasdaq, the tech really glad yesterday. A couple of pieces of news that we did get, talking about customers being a little more scarce than they had hoped, we saw the imf cut its global gdp forecast. They are saddling it. Whether or not they may be looking at fedex. Adam thank you very much. See you in 15 minutes. The fdic is proposing a raise to the Bank Leverage ratio to 5 . That is higher than that 3 level required. They all have a 6 leverage ratio. These rules go into a fact in 18. Lauren let talk about Small Business. A couple surveys to talk about today. The semi annual bank of America Business report is a little upbeat. Welcome, robb. Great to see you. Great to be here. Lauren more than half expect revenue
She loves to go shop shes all out of control she cant stop designer clothes, jewels, hair shes throwing money everywhere my head is spinning head is spinning oh, oh, oh, oh shes a princess shes a princess shes a princess shes a princess modernday princess in perhaps the most unique super bowl matchup ever, brother against brother. Add to that, the pending retirement of ray lewis has set the stage for emotion and drama in new orleans at super bowl xlvii. And we are officially under way with super bowl coverage for new orleans, with the niners and the baltimore ravens. Welcome in to super bowl live, delivered by papa johns, for the next three hours. I have super bowl champions to my left, darren sharper, and heath evans. The 49ers at last check are in the air. They are about 20 minutes away from landing in new orleans. When they do land where does that put them, over arkansas . Roughly arkansas. We should get a flight map up there. Were not known for geography. When they get to louisiana
The nasdaq is back at levels weve not seen since 2000. Gold was unchanged. Oil dripped down a 1. 55. Bloomberg news reports. Bank of america is cutting 21hundred jobs and closing mortgage offices as Rising Interest Rates slow the demand for home loans. And Top Economists predict Economic Growth of 3 in u. S. By the second half of next year. Matt shapiro, president of nws capital, joins us now to take a closer look at todays market action. Good morning matt. Good morning angie. Well the president makes his big speech tonight, but will it be a market mover . Well, you know, a lot of people are going to talk about it, but talking to me i think too many people are making too much about syria and i dont think it has anything to do with the level of this market. What do you think is moving the market . We had some great data coming in from china already this week. Well i think that helped, but really that was a technical bounce from last weeks really goldy locks employment report and had a f