Events, you saw deflation numbers in u. K. Accident over the weekend that is a bad sign, that means our dollar will strengthen and british pound will strengthen that is not good for exporting side of our economy, i dont think that the fed the move any time soon. It seemed they were tell telegraphing atelegraphing mood. They cant move, paced on where data is, politically there is a will to move, they want tothe nations savers, right now you are saving at 0 , that is terrible. Neil are they worried about creating a bubble. That is interesting we never know there is a bubble until after the bubble has burst. You look at where rates are around the world not just where fed sets rate but where market is driving rates it does not look like were in a bubble right now. Bull markets do not end in a ex perkingexpiration of length they end in uphoria. Neil borrowing at 0 , and make money on that like shooting fish in a barrel. But you dont think that feds make a mistake keeping rates low. I dont. Neil you dont see inflation . In no, well look at this 40 years from now have have saying they were masterful at running this. Historically it looks like a over played hand by Federal Reserve. But looking at context of what is going on in world 2. 5 billion in western capitalistic experience they are not just in india and china but in east africa and southeast asia, that onboarding is creating this excess goods and services, factory capacity, and two weeks ago with chairman ben bern energy inbernankein the green room, he said listen in old world looking at way things work, we would be raising rates but not right now because of this dramatic change in what shaping what is happening in globalization. Neil is this music too the ears of Hillary Clinton . Yes, and no, likely Federal Reserve the start raising rates in 2016. You think that 2016 is going to happen . You will get a 50 base, 2 two 25 basis point moves anything into the election. I am prone to drama but feds may wait until after the election. I think that data is improving enough it will not happen. Neil thank you very much wall street week. Sunday 11 a. M. , i am glad for his success but i am recent full it has so just because he is italian im not saying he like a pal, but if is annoying. Just saying. Anthony thank you. Neil forget when rates go up but how with more liz an saunders saying they might be cautious, chief Investment Strategy at charles schwab. What happens . So, you know, i agree with anthony june is off of table fed minutes said that, but i do believe in 4 months between now and september. So i would not write is off as done deal. Neil you say possible . It is in data. I think there is a misper misperception by some that fed knows what theyre going to do. What i think is likely to happen i think that fed to would like to get off of zero bound, that is not going to look like what it did in last cycle in last cycle in mid 2000, federatefed raised rates every quarter circle. But that is not the case this time there is a perhaps a one temporarily done, they sit back and assess impact. Neil a quarter point move . Yes, i think a quarter point move, but then they pause. Neil what would that do . I am not sure it does a heck of a lot looking back at history of fast tightening cycles or slow tightening cycle we have mostly fast tightening cycles, you have to go to late 70s to see a cycle with fed moves slowly, market does better in that environment slow tightening cycle. The other issue if the fed moves for whatever reason market feets they are moving too slowly then you have to watch long end not just shortterm rates that are a factor in what the stock market is likely to do but also trajectory of lang term Interest Rates longterm Interest Rates. Neil all right to your point fed has no control over long rates. If they inch up it would be largely on fear they feel 23ed fed is not addressing potential signs inflation. I think it gets bad if we see upward pressure on wages and the notion of i inflation scare gains track, i dont see that, were seeing leading indicators of wage increases average Hourly Earnings is common metric but. Costin dex is a better measure employment cost index is a boatsbetter measure. If you start to get a little bit of a whiff. And fed opted to hold back that is maybe you could see issues on long end that could cause stock markets problem. We dont think that an inflation problem is in the cards. But a little bit of a pick up, you never know how bond market will pick up. Neil do they worry you about feeding or fostering a bubble . Do you agree . Im not so sure they worry. I think that fed has to concede we have seen inflation in asset prices no question that asset inflation is there. Neil thank you liz ann. Biggest wild card could be oil. To phil flynn. You dont agree with that forecast . I see prices going higher, what fed just did will guarantee that one major factor in price of oil is been value of dollar. One thing that drove oil prices down other than opec price war is when dollar was on fire. If you bridge bring in that divergence with u. S. Interest rates and european Interest Rates and we say on hold that will give oil a boost biggest factor that Goldman Sachs is missing they are underestimating global qe. You are a genius, a lot of countries are doing quantitative easing. If is inflationary down the road . It is. 63 of global banks have lower rates or are printing more money, when they do that, this is an attempt to stimulate the economy. What we have seen in past when United States did qe, third fourth and stimulated oil demand. Prices went up. Neil you dont see 45 dollar oil, what do you see . A quick view of gas prices. I think oil prices go to rate 080 by year end looking like 2008 2008. When we saw this price crash we saw billions of Capital Spending cuts which has an impact on output the low prices stimulate more demand, and the stimulus to the economy that is meaning more demand. Well get caught short. This surplus will probably begun by the end of the year. Neil all right phil flint thank you. Thank you. Neil look at this, you see this dude he is trying to rope then drag away a atm. There is an easier way to steal peoples money. A atm warning you need to know about. Congratulations. Youre down with crestor. 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It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Neil im giving this guy credit if there is a will there is a way. Taiingtai tying a rope around a cash dispenser. It did not work now he is thinking about it in a jail cell. But, people are hacking debit card data, they are stealing card data from atms at the highest rate weve seen in decades, what are they doing . They are being is using skimmers they are old piece of technology, that steals card numbers off your debit card. They use the skimmer when we put our card into the atm machine. Neil what is a skimmer . Just a piece of technology that reads strip on the back of your card, it takes those numbers, therefore they can replicate your card, and set up a camera to capture your movement as you type in your pin code. Neil is that right. Yeah, they use them to clean you out. Neil what can you do to police or protect yourself. Here is the issue, the good guys are always a step behind bad guys with technology. As merchant switch over to computer chip cards atms have not switched to this technology, this last quarter nonbank property atms have a 300 increase in this fraud and bank owned attacks americas are up over 175 . So neil, you have to do is old school stuff coverup the old pad as you type in your pin code or go inside, maybe talk to someone. Get cash from the teller. Neil judge from an actual teller. Yeah, and you get a free sucker too its not that bad. Neil they get info from your card not the code, is that a problem for last person that used machine before bad guy does or does bad guy have all of the cards. Bad guy sets up a device on the atm itself, for next it is attached to the asm machine . In most cases it is a physical device that is developed what does it look like. To blend it, they are in different forms people had a clean your debit card scraper connected to the top of atm that looked like it was closing, but it was capturing that electronic data, that how people got their money stolen. Neil scary stuff peter thank you. He knows about this stuff. All right. For now. For now on calmer things, because they are calmer right now. Certainly more calmer than they were a couple of weeks ago in places like baltimore and ferguson riots have stopped. But this suspects that it remains. Bishop said time to take advantage of the calm. He has great ideas. Neil quit fanning the flames start providing some light. How preacher and politicians seize on racial tensions in basically baltimore and elsewhere to make things worse for Martin Luther kings niece it went back to both sides to trying to keep the peace. And bishop is with us now saying be patient. Easier said than done, right. Now how do we take advantage of that before the storm. I think patience is possible when we see progress. I think if we have incremental steps of progress that people can quantify well see greater patience the frustration is when people dont see progress or hope of coming to a resolution. Neil you say progress, you are talking young africanamerican male in particular, who feel that the chips are stacked again them . I think all, but particular the black and brown people are facing some disparities. It is an over simp weighing simplification to reduce it to race alone. Many people get in a quagmire of under employees or unemploymenty. If you serve a federal offense in your past it is forever on your record, you can tell people, this is america gets job, but they say are you antic fell exfelon something you did when you were 17, and now you are 43, you still cant get a job. Neil the president said, stop with militarytype weaponry. You dont need drones or this other stuff if it gets that level, leave it to military. As i understand, he was not saying they could have access to it but he wanted approval to get it done. That is appropriate every time we panic we should not come out with tanks in the streets and point it at our citizens. I understand that, i have a lot of Police Chiefs from these communities, they said he is assuming were all murderers and were going after kids, the message is, he has to rein us in he is doing nothing to rein as one said the thugs in. There has to be a comprehensive effort, not all fault is on one side to be sure. We have Serious Problems in the communities that have to be tackled with a multipronged approach. Until everyone owns it, and stops saying this is a black problem or a brown problem no this is san american is an american problem. I am wondering what do you tell young men it seems to be focused on young africanamerican males what do you tell if they are angry and feel victims. It is stacked again them, we have to move down from barriers that exist. Only thing left for you if you serve time in anyway, you will serve time if you cannot afford a good lawyer. Neil lets say you are just judged by your skin. Before you became a famous man were you ever pulled over because of your skin color. Absolutely, that is a reality. Neil what did you do . You be careful as a minority, not only me but my children. I sat to the floor and cried with my own sons as little boys, they were introduced to racism by the time they were 6 or 7. Neil what do you tell them. Strong families to tell you who you are. You cant depend on your neighbors, and if you have a Strong Family you get it at home. Neil what about that mom. She looked like my mom. She would have grabbed me byny nose we need those family strengths. But hard to have a Strong Family if dad is in jail, and when you have we know the stats but we have not done anything about them weakerwehave to do something with what we know. Neil do you think al sharpton over hypes these events. He has a role to play, and plays it. Neil that does not answer my question. No, i did. I didnt say what you wanted my to say. I think we we have a tendency to demonize people. I have no problem with a Community Going to al sharpton, that is fine, but i think they should go to someone like you who is fair. I think it is a tragedy that a black Community Still has to get to a pastor to getting any done. But you know, white and black, you are religious. That whole issue that we have to go and contort a clergyman to a civil right leader to get something done, you have without a fight is the problem. No matter where they go to al, me or they should not have to go to anyone. But are you worried that fewer people go to church, they profess belief in god. People report say fewer people go to denominations, but not less faith. I think that world has changed. And if you look closely at people pew report suggested that nondenomming deflational churns are growing. Neil have you always had this deep voice. Al my life, my daddy gave it to me. Neil when you are three. I sound like isaac hayes. Thank you. Neil millennials responding to Charlie Gasparino who is not near god. Good. Very good. You see something moving off the shelves and your first thought is to investigate the company. You are type e. Yes, Investment Opportunities can be anywhere. Or not. But you know the difference. E trades bar code scanner. Shorten the distance between intuition and action. E trade opportunity is everywhere. I probably have 5 times twitter followers than the girl with the glasses. Really . Those comments, did not endure Charlie Gasparino to those millennials, in particular one smart lady, did not do much to win him any fans of national review. And other sites, you know charlie surprise is not apologizing. Now some news that could have him reloading. Half of College Graduate fully expect their family to support them money home or anything else even if mom and dad go to the poor house. Some millennials have no problem with that no, some insists that does not make them moochers. Katherine, you were the one he was talking about. Yeah. I liked about your her verge you took your revenge you took pen to paper keyboard to the internet. And just answered back. Right. Well he claims he has nothing to learn from millennials i teach him phrase is hold my jock strap not wear my jock strap. A wired thing to say. I never claimed to be better than him. Do you use that language. Generations learn from each other, and maybe, lets say you know millennials are horrible. Moron or not i could think of a better youth out reach strategy. Neil you know that is what i told him. He does not listen to me. What did you think of his language. I think some of those amateur boxers from his youth might have knocked fun out of him. Neil or brain. But what he is saying, is that when he hears news like this, he starts to say your generation those kids. You know sponging off their parents, they cant handle it. We have to admit the economy is different from 10 or 20 years ago, things have changed college has gone up, but as a millennial, i think millennials need to get out get a job make their own way in the world. That is how you develop independence that work ethic that will keep you above competition in your field. Neil can i introduce you to my daughter. I am note sure my girlfriend would like that. Neil all right many millennials dis agree. I am not saying you cant live at home for a while take baby stipes, but this is huge mistake for millennials to rely on their parents for 2 to 4 years, they will never beat competition. I disagree. It is nice to have your Family Support you while you safe money, for example they dont really want to do it. My parents are happy. Neil you seem like a nice young lady. They dont want to do it because they are squandering their Retirement Savings because they love you to death. I dont think squandering anything. I think it important i want to save for a house, i am 26, i just graduated from law school, i want to put 20 down on a house. Neil are you living at home now . I am. I have not lived at home since i was 17. Neil did they kick you out . No, they did not. Bottom line is whatever it is, that can advance your career, if staying at home will help you get further along that is good. Neil you dont judge your pellowpehlfellow millennials. If depends why you do it if you are comfortable and you are stuck there this is one thing i slept on a yoga ma in long beach to get a inturn tern ship internship. There is a difference between living at home for a year or 2 and being supported by parents i hear support you are get