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American hostages in iran failed. The Winter Olympics were held in lake placid, new york and Mount Saint Helens a ruptured. This was the backdrop for the political that conventions that year and speeches made by Ronald Reagan and jimmy carter. By the time Ronald Reagan ran for president , he had served two terms as governor of california in had an early career entertainment and became the president of the screen actors guild. Ronald reagan ended his expectancies acceptance speech with a moment of silent prayer. Pres. Reagan thank you very much. Thank you. [chanting] youre singing our song. Def...

Better. Im tom kean in new york and joining me is taylor rigs this morning. I love the chart you put out on high yield this morning. What else do you see in the markets . Taylor what does it mean when the fed comes in and buys junk bonds, tom . Weve never seen it before, supporting the fallen angels. Massive rally in the high yield market not to mention a bit of the equity markets, coming off the best week since 1974. Some of that seems to be reversing this morning. Tom im really thrilled with the conversation were going to have with the vice chairman and we look for that at 6 30 this morning....

[inaudible [inaudible conversations] the hearing will i welcome you all. [inaudible] we have a profound responsibility to do all that we can do. [inaudible] that could be trouble. All right. Can we get the rest on record as i get started here quick servicemembers put their lives and their health on the line when they put on theirand in return they have a profound responsibility to make sure that the nation is doing all that it can to keep us safe, to training casualties and provide the best possible care for those who are injured. We are holding this hearing because dod is not meeting its resp...

1401, demarcation in connection with the control of the Balance Sheet last year, in addition to the things i mentioned, we made a few changes regarding the introduction , one of the components of the legal deposit ratio of banks was set in the range of 1013 , and we increased the number of banks registered according to the approval of the money and Credit Council to 15 . We have made a decision in 1401 to increase the percentage of banks legal deposits again in relation to the completion of policies and in the field of controlling the growth of liquidity. It was that the ratio of effective leg...

Rishaad going to bring you up some history. Another record for the s p 500 recordht good 2017s year does not necessarily mean that 2018 is going to be a bad one. Lets bring up for two to three. Ityou have a great year, means quite often that you will get not a good year the following. Thats the synopsis we have going back to 1938 todays game, not tomorrow spain. The s p 500 on track for a 20 increase last year. It was matched 20 times in the last 80 years. Higherck market was three quarters of the time averaging 89 return here in averaging a 9 return. Haidi what is incredible is that we are no...