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This market doesn t go sideways. we re buckling up. people are concerned the next swing could be down. what happened to your question about trump? the federal reserve almost caused a recession. he stopped rising rates and we ve recovered. the president was right and rates were too high. at this point, rates are where they should be. charles: you want to see them stop quantitative tightening, taking money out of the economy? that should have happened a long time ago. with the global economy weak, he needs to chill out with that. i need charles: i love when you use the wall street terms. fed, you need to chill out. thanks very much. the fence on capitol hill. ....
Important distinction. hick hick kept saying, hey, if states want to do that let them do it. that wasn t the question s. question is what will you do about banks and wall street. o malley was strong on that, does it matter to the voters at least right now? i think it might. it s almost a republican argument that she kept making that this will all come down to the state. it s an elegant dodge, but it certain live wasn t the way that some democrats would have wanted her to answer that question. i think bernie sanders was strong on that, he says congress does not regulate wall street. wall street regulates congress. so bernie sanders supporters loved that, they were cheering at home. john was making a point that some of hillary s wall street terms could ends up in an attack ad when she talked about having to rent wall street and tow that line or balance that line so it s interesting. thank you very much. great stuff. to be sure, the race changed last night. you go to the see the ....
They are saying this drop is pretty much expected, specially gichbt context of what s going on this week. there have been fears stemming from emergent markets. the fed s decision. they were wondering whether the fed would hold their decision. this he chose to taper. this is the end of the month. they are trying to reposition themselves and start february afresh. the big question, people are asking, are we seeing the beginning of a possible market correction. i want to make this clear. on wall street terms. market terms is defined as whether the market drops by 10%. when you take the s&p into context when they rose between 25 and 30%, we saw all the record highs. trade certificates were telling me, expect some volatility. ....
Markets were relieved that the cost of the settlement was $225 million. this in wall street terms is a slap on the wrist. you commit massive financial fraud and you get little slap on the wrist, okay, little penalty, you shouldn t have given aaa rating to those bonds. we understand, lots of people lost billions of dollars, you ll pay a little bit. and this goes on and on, and the other side of the story, which is linked is the other headline if i could say it in the financial times today, tax haven climbed down on data sharing. now tax havens, what are those? those are all the places where the hedge funds are operating, where the big money is kept. it s massive secrecy all over the world. 80% or 90% of our hedge funds are domiciled in the cayman islands where they have complete secrecy, no tax payments. this is such a rigged system on all sides. ....
i m not getting into that. i think what the real focus is here again is on religious tolerance. that s really what this is about. and i think again to make this a big issue is just ridiculous right now. we re covering all the angles for you. paul steinhauser is in washington. and shannon travis is in iowa. let s go ahead and start with you, paul. bachmann and cain ducking the debate shows. just how delicate the balancing act proves, i guess, how delicate that balancing act needs to be. so what do you think? is this the end of the topic, or are we going to hear a lot more? i don t know if we ll hear a lot more, but we ll hear more no doubt about it. there s a debate tomorrow night. it could come up there. you heard that sound bite there state of the union with candy crowley. bachmann and cain didn t want to touch this issue. what about romney and the controversy over his faith? he doesn t want to touch it that much either. it was kind of telling that saturday at ....