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On the money starts right now. Announcer this is on the money. Your money, your life, your future. Now, becky quick. For the first time in nearly a decade, the Federal Reserve bank is raising Interest Rates. Its not a big move and it was widely telegraphed, but its important, nonetheless. Well get to what it means for your money in just a moment. First, economics reporter Steve Liesman explains just how a fed rate hike works. Reporter it was the predawn of the modern age. Twitter didnt exist. There was neither iphone nor ipad. The year, 2006. It was the last time the Federal Reserve raised Int...

Your money in just a moment. First, economics reporter Steve Liesman explains just how a fed rate hike works. Reporter it was the predawn of the modern age. Twitter didnt exist. There was neither iphone nor ipad. The year, 2006. It was the last time the Federal Reserve raised Interest Rates. So its not embarrassing to ask, what exactly is a fed rate hike . The Federal Reserve controls outright only one Interest Rate in the economy. The one banks use to lend to each other overnight, or the fed funds rate. The prime rate is tied to the fed funds rate and many consumer loans and credit cards are ...

Consequences, there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. Earlier today, leon panetta. Well have a report from the pentagon on syria in a moment. First, shock waves in washington. A powerful republican senator suddenly calling it quits. South carolina senator jim demint will step down december 31st to lead the heritage foundation. Its a powerful conservative think tank in washington. Demint says he can be more effective outside the senate. A lot of my role in the senate has been stopping bad things and saying no t...

Note. As for the european markets lets go to the map. There is more red than green on the screen today. Mirroring really what we saw in the United States post the yellen News Conference. Our roadmap today starts with the markets. Stocks under pressure again after sliding during janet yell yellens First Press Conference yesterday. Is it all about interpretation . Well explain. Plus, Goldman Sachs is the latest bank to go bearish on china slashing its Growth Outlook for the next couple of years well tell you why . And how about lennar and underarmor as well the Companies Making big moves thus fa...

Im really feeling for them. Raw and emotional. Two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. Good morning, to you. Welcome to early start. Welcome back, mr. Berman. It is great to be here. I was on vacation for a week. Now im back. Im john berman. It is 5 00 a. M. In the east. I am feeling that. But this, they are talking for the first time in over three weeks. President obama and House Speaker john boehner looked each other in the eye and actually had a conversation. Now thats a really big deal when it comes to the fiscal cli...