Specifically about individual meetings, because thats why we have the meeting were all supposed to hold back on that final decision and then go in and listen carefully to each others views, all the reserve Bank President s, all the governors. Thats how we do it out of respect for each other i will say, senator, i think the case for, you know, for raising Interest Rates at our next meeting is coming together do you anticipate we will be raising rates in december . Well, to repeat myself, senator, i am not going to give you a really specific answer i dont know what coming together means thats why i asked the question again. I think the conditions are supportive of doing that, but we need to go ahead and have the meeting and listen to each other. Before the 2008 crisis, the fed had a lot of authority to regulate and supervise the biggest banks in the country, but failed to use that authority. When times were good, looked like maybe we didnt need strong rules to protect the Financial Syste
Dow tracking up nine months in a row. Unbelieveable First Time Since 1959 s p same, First Time Since 1983. Nasdaq tracking six months in a row. Is next year going to be anywhere near as good as this has been thats a really good question, and a think a real financial adviser, somebody thats serious about what they do, take a year like this talking to their clients around this time of the year, the whole job is expectations management thats really the big picture so were having this conversation and telling people that this was a year you could not have afforded to miss because there arent going to be a lot of them and its very rare you would get two or three of them back to back, an amazing year of no volatility, never got near the never got near the 200day moving market and now were thinking about next year and were seeing whats the appropriate Asset Allocation, and we came into this year overweight international stocks. Were going to do the same thing going into next year on fixed inc
Taking your calls, tweets, facebook posts for curators. Were joined inside with Robert Wilkins to talk about how this museum came about. He is the author of the book long road to hard truth. Thanks very much for being with us. Thank you. Its a pleasure to be here. So talk of this museum began back in 1916. It took a century to be built. Walk us through the process. Back in early 1916, in march or so, gentleman named ferdinand de soto lee, created a nonprofit called the National Memorial association, and its goal was to construct a physical memorial here in the Nations Capital to honor the contributions of negro soldiers and sailors who had fought in every war from the revolutionary war on up until that time. Within a couple years the organization broadened its mission to want to construct what they called a National Memorial building to negro achievement and contributions to america in all fields of endeavor from business to education to the arts, et cetera. Essentially a National Muse
The wind is at back of investors here in stocks. How much different that is since friday when everyone was talking about selling off shares of tech and 2018 was not going to be the year of technology, but yet we come in this morning and we seat flows which i think are very important to Pay Attention to in the first couple of weeks the flows are going into technology also, i would be watching as a early indicator of to 18 the u. S. Dollar and where that goes. We are challenging the 17 levels knows lows are the lowest level since 14 so i think thats going to be important early on. I meaning the setup, josh, would appear to be to be pretty darn good other than the fact that youve been up almost unabated for as long as we can remember whats the other risk thats out there to this story continuing the way that it ended. I think the most bullish thing that you can say the setup right now is when you actually look back at years where the s p has a phenomenal year, there is nothing in the data,
News of more pipeline and refinery disruptions are all in the aftermath of Hurricane Harvey now reports of more storms brewing. Well break down the impact on energy prices. And explosion and fire at a Chemical Plant in texas. Were live on the scene with the impact. Scary stuff trying to figure out if its toxic or not we bring with treasury secretary Steve Mnuchin picking up President Trumps baton who spoke to our Steve Liesman earlier with hoy lights of that conversation. Thank you very much u. S. Treasury secretary Steve Mnuchin sitting down exclusively with cnbc saying the detailed plan cometh despite criticism that President Trump was promoting a plan without detail. Mnuchin says there is a plan, and it will be released within the next few weeks. Originally our goal had been august unfortunately, things got delayed a bit, but were on a track to get this done by the end of the year, so youre going to see the details come out later this month its going to go through a committee proces