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Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Very good morning to you. It is the last week of 2016. So we are playing the top songs from the year. This was this year . Seems older. It does, indeed. But i trust our expert producer. Dj sophia nails it every day. Lets check in on the global markets. Day after a big selloff on wall street. Big relative to where weve been lately. Worst day for the s p since back in october. Interesting because this time yesterday, i think you and i had a bet. We did futures were up double digits. We thought yesterday was the day that would hit 20,000. Not so much. So so i owe you lunch. Nice. Arbitrary bet. Im never going to say dow 20,000. We already said it about four times. About a thousand times over the last week. No dow 20,000. We have pulled further and further away from that. We saw a triple digit decline for the dow. You mentioned the second one since the election. Rare ....
It has nice pretty mountains. Very strange place. Anyway, senator greg is here with us for the rest of the show. Were going to get caught up with him in a moment. Among our top stories this morning, fed chair janet yellen returning to capitol hill this time to return to the House Financial Services committee. She told the senate panel waiting too long to raise Interest Rates would be unwise. We have eight meetings a year and it means that at some meetings we would, if things remain on course, increase our target for the federal funds rate and not act at others. And precisely when we would take an action, whether its march or may or june right. I know people are focused on that. I cant tell you exactly. They are. They are. Just so you know, they are. I cant tell you which meeting it would be. I would say every meeting was live. That was their goal to make sure they k ....