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>> that's right. >> 20,000 is in sight for the dow jones industrial average. the dow has gone from 19,000 to 20,000. it's just remarkable. the big story today, carol, the federal reserve. set to raise rates for the first time in a year and only the second time since 2006. that means you will be paying more to borrow money for a mortgage. to buy a house. for car loans. on credit cards. if you have debt that's sitting on credit cards, those interest rates are likely to rise. who will -- let's talk about what that looks like. if you have a mortgage of $250,000 mortgage this is -- this is how you'...

People who have money sitting in the bank. sitting in certificates of deposit. senior citizens who need the interest on their savings. plus those nearing retirement who have move a lot of money to cash. also banks can charge businesses more for take out loans that pumps up their margins. the biggest losers are perhaps home buyers. the average fixed rate mortgage in the u.s. is 4.2%. look at this for a $250,000 loan is monthly principal payment is $1,023. if rates go up the payment goes up to $1267. over the life of the loan, borrowers are paying $16,000 more. the question here, rates are likel...

Commitments based on their states is arcane. i'm not going to pretend to understand it, but there's obviously a better chance that something like that is going to happen this year because you need 1267 delegates, i think, to get the nomination. if you look at the map and go online and play and fiddle around with these things. you can get to scenarios easily where nobody gets to that. . >> james, a brokered convention? >> no, but goodness, wouldn't that be awesome as a political reporter? that would be awesome. >> mckay, please, hold out hope for a brokered convention for us? >> i think it's po...

Economy and helping middle class families get ahead. i got 1267 days left in my presidency. and i'm going to spend every minute, every second, as long as i have the privilege of being in this office making sure that i'm doing every single that i can so that middle class families, working families, people who are out there struggling every single day they know that work can lead them to a better place. hey, jim, i'm just a little confused here. what's the president trying to do? if he's trying to elect democrats in 2014 you can check that speech off that makes a lot of sense. if he's trying t...

I've got 1267 days left in my presidency. and i'm going to spend every minute, every second as long as i have the privilege of being in this office making sure that i'm doing every single thing that i can so that middle class families, working families, people who are out there struggling every single day, that they know that that work can lead them to a better place. >> as you heard the president say at the top of this hour we're less than three months from the official launch of the affordable care act and according to a new poll more americans than ever before 39% want that law repealed. ho...