and jerome h. powell to serve as chairman of the federal reserve. today the senate is considering the nomination of mr. powell who brings with him degrees from princeton and georgetown and a record of high achievement in both the public and private sectors. since his nomination to the board of governors to the federal reserve system in 2011, which received strong bipartisan support, he has served as a steady voice and thoughtful leader. i very much look forward to supporting his confirmation as chairman. now on one final matter, when the press was focused on the unfortunate lapse in government funding, the good news about last month's historic tax reform law continues to pile up. the number of americans preparing to receive pay raises, special bonuses and other benefits thanks to the historic tax cuts passed last month continues to grow. these are just the first fruits of a law that also lays a long-term foundation for better job opportunities, higher waeublgs, and more -- higher waeublgs and more investment. on this subject here's something not man

alan greenspan, i want to end with jerome powell. the changing of the guard comes at midnight tonight when he takes over as fed chairman. what will be number one on his to do list. what does he need to do list -- to do first? alan: open his mail. figure out how to open his bloomberg terminal, that's what we would hope you would say. alan greenspan, thank you for your time today. hanging on every word at grant thornton. an interesting conversation with german greenspan and i think we go back to what you see in the midwest, which is a different america than the time of german greenspan. the technology overlay today is extraordinary. how do you interpret it at grant tic, day byck by day, technology in this american economy when you have no clue what productivity is that you have no clue where gdp is? diane: its complicated very as no question. and it makes it harder for the fiscal agencies to, believe it or not, to stay ahead of these measurements because they have to get funded to be able to get the improvements they need to measure wi

jerome powell has been approved by the senate banking committee. youtube and twitter executives testifying before the senate commerce committee. the hearing is about terrorism and social media. we will bring you any headlines as they come in. this is bloomberg. ♪ vonnie: this is "bloomberg markets." again on capitol hill as house republicans leaders are racing to come up with a stopgap spending plan that would prevent a government shutdown friday. the measure crafted by paul ryan and his leadership team would also delay some obamacare taxes and provide money for children's health insurance program. but, they will need bipartisan support in the senate to close any potential deal. kevin cirilli joins us with the latest. let's go back to the drawing board and get this done is a tweet just tweeted out by john cornyn. does it get done before friday? kevin: all indicators suggest that lawmakers will pass a short-term budget deal that would keep the government funded through february 16. several divisive issues, most notably immigration, have divided no

in strong bipartisan fashion we confirmed jerome powell to serve as chairman of the reserve by a vote of 84-13. he is a fine choice to lead the federal reserve system. he has received accolades from across the political spectrum. he joined the board of governors of the federal reserve in 2012 and he's demonstrated an expert grasp of monetary policy and a commitment to improve the fed's accountability to the public. i look forward to his service in this new position. the position of fed chairman is integral to the health of the u.s. economy. washington must empower the american people to create prosperity through sound policy that gets the government out of the way of workers and job creators. jay powell is up to the task. i was proud to confirm him yesterday. the senate advanced the nomination of another highly call fied nomee, alex -- qualified nominee, alex azar. mr. azar discussed his intention to confront head-on the opioid crisis that is hurting so many families across the country, including in my home state of kentucky. he made clear that he will place an important priority on e

trump nominated powell. he's a former private equity investor and treasury official. jerome powell. the next head of the fed. the nfl in the meantime rejecting a one-page ad for the 50-second super bowl program submitted by the veteran organization and vets. now, the ad simply stated please stand in reference to the national anthem. the nfl said "no." simply why? well, they said it's making a political statement when you say that. joining me now and vets national commander marianne. all right. let me start right there. is asking people to stand for the national anthem a political statement in your mind? >> absolutely not. . ashley: so what did the nfl actually say when you asked for an ad in the super bowl program? what was their reasoning? >> well, we actually -- they actually called us the publications department from the national football league that does their advertisements are the ones that contacted us about placing the ad in the super bowl. they had one spot available, and they asked if we would like to place an ad. our communications department got together with our executi

you are looking at a live shot now of the senate floor as they vote on the nomination of jerome powell for federal reserve chair. president trump picks in november to replace current fed chair janet yellen when her term ends in early february. his nomination is expected to pass the senate. we will continue to monitor this vote. this is bloomberg. ♪ emily: texas instruments out with earnings, falling short of some estimates, declining as much as 6.7%. texas instruments is the largest analog chips in many devices. taiwanese electric scooter maker nigro wants to make sure it's vehicles don't add smog to the air. our chief north asia correspondent stephen engle take a look at how this tech upstart backed by former u.s. vice president al gore is disrupting a gas entrenched market. stephen: locals call this the school -- the scooter waterfall. noisy, obnoxious, albeit necessary mode of transport. here's the thing -- taiwan wants motors by 2021. this company is called by some the tesla scooters. for about 10 years, taiwan's government has been pushing for an electric scooter to turn this ve

finally, the fed is likely to hike interest rates three times as new chairman jerome powell takes the he steers a course along the lines of predecessor janet yellen. of the fed could consider a fourth hike if the economy really takes off. i'm steve liesman for "nightly busi" > ipos and women in leadership. three predictions for 2018. first, get ready for a much stronger ipo market. 2016 was a terrible year. 2017 was better. 2018 will be much better. big names will likely go public including sandwich shop pret a manger. finally there's a shot that saudi oil gian aramco may list in the u.s. as well. 2018 will see one or more major banks create a platform to use digital currencies to bring small companies to market. the bank would own the platform and provide advisory services. yes, there's oversight issues, but regulators are looking to work with the industry to put more oversight into this market. finally, expect investors to wake up to the fact that there's not enough women in leadership positions in corporate america. there's only 26 women ceos in the s&p 500, about 5% of the total.

jerome powell was approved in an 84-13 vote. powell will take over for janet yellen when her term ends february 3. powell who has served as a federal reserve governor since 2012 will inherit an economy on the upswing thanks to an increasing labor market and strong global growth. powell will also oversee a post recession economy with an ploumt rate at a 17 year low, limited wage gains and growing inequality. what can we expect from jerome powell in terms of his policy, how different is he going to be from janet yellen? >> good morning. solt expe so the expectation is that he won't rock the boat too much and will be seen as more of an extension of the status quo. there has been a little bit of criticism leveled against him because he is the first federal chair since the '70s who isn't an economist even though he does have a lot of experience at public policy and finance. he is inheriting a very strong economy. stock market at record highs, unemployment at multiyear lows. and his main concern really will be to stop the economy from

with jerome powell? >> i think he would do very good. tom: there you go. here's taylor in new york. influential koch network is asking president trump not to increase the gas tax. he says a gas tax would undermine the recent tax cuts. jerome powell will replace janet yellen next month. the senate overwhelmingly approved the nomination. he is currently a fed governor. republicans call it a step back in negotiations on immigration. chuck schumer has withdrawn the offer that he made last week to give president trump money to help build the wall on the mexican border. the president says that if there is no wall, there will be no daca deal. area economy opened 2018 with the best growth in almost 20 years. the gauge is now at a level that suggest orderly economic growth is close to 1%. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. nejra, back to you in london. european equities taking a little bit of a pause afte

liz: breaking news, the senate has begun a procedural vote on the nomination of jerome powell picked to replace janet yellen. he will decide how high interest rates will go. the body of the senate could confirm him later this evening. watching that. as powell is about to officially get the job, thousands of federal workers are back on the job, but the aftershocks from the three day government shutdown still dominating the halls of congress, moments ago, senate majority leader mitch mcconnell assuring democrats he'll keep his word to launch a fair and open process to bring daca or dreamer legislation to the floor by february 8th. but what does that mean for prospects of a real budget? do they go poof into the air? which one will be the focus of the white house press briefing or will it be the sucker punch president trump landed on foreign, solar and washing machine companies. sarah sanders expected to take the podium for the white house press briefing at any moment. we'll take it. prospects of a trade war are sure to come up. talk about a war between up and down. we're talking directi

senators will resume their consideration of jerome powell to be the chairman of the federal reserve. we will have it live for you on c-span2. show you now than area outside the senate meeting room where this is an area called the ohio clock near the clock on the top right of your picture. a lot of reporters waiting for senators to come out. they are currently having their weekly lunch meetings and often come out after the meeting and speak with reporters. if they do we will get that right here for you live on c-span2. as we wait for the senator or senate to gavel in we will show you some of this morning's washington journal. >> washington examiner is joining us, politics editor talking about the shutdown and the end of it. hello. >> how is it going to. >> loss from this process? >> is a setback for chuck schumer. i think the thought was republicans always lose government shutdown battles and that is how it has been for over 20 years now there has never been one of these stalemates that is ended well for the republicans. this one was a little different and i think there was no cleari

the senate is back at noon and they continue debate on jerome powell to be chairman of the federal reserve. c-span3, the senate energy and natural resources committee examines the impact of major weather events on the electric power grid at 10:00 a.m. eastern. thursday morning, we are live in columbia, south carolina for the next off -- stop on the c-span bus 50 capital store -- tour.

what do we know about jerome powell's views? >> he pointed out very well, he does not seem to differ very much from the chairman -- the current chairman for the next few hours, from her point of view. quite close,e different backgrounds but not a lot when you think about it. he is part of the system and has been part of the discussion. any change inpect view from him as opposed to janet. vonnie: the last time we spoke with you, and you moved a lot of your bond funds to cash, one third of it and said there were no bargains. have you found any since then? dan: a couple of things. tiny, bits and pieces, but not much. vonnie: where? dan: excuse me, where? i do not talk about that. vonnie: treasury market, corporate, high yield, can you give us anything? dan: strictly in high yield. nothing in treasuries. mark: you have been getting more defensive, cash and equivalents climbing to 21% of assets at the end of the year, one year ago it was 2.3%. do you see yourself becoming more defensive? that is the $64 question. at this point, proba

powell will succeed yellen and he's not expected to rock the boat too much with his views aligning closely with yemen's. well let's bring in our man on a wall street now yes quarter is standing by for us as ever and always nice gains we've also had that meeting all of the fed today what came out of it. the federal reserve knowledge that the u.s. economy is continuing the past of grows and they did change the tone slightly from moderates to solid solid growth when it comes to the job market when it comes to overall growth when it comes to consumer spending and old so business investment still no changes in interest rates but that was expected we might see the next interest rate increase at the next meeting march twentieth and twenty first so it was not that eventful the last meeting of janet yellen and the future is a bit uncertain because not just janet yellen but also two other senior members of the federal reserve will leave the fed and the new team actually will be the least experienced probably in decades so the next meeting the first time under might be a bit more exciting than what w

powell como prÓximo presidente de la reserva federal. powell nominado por trump en noviembre fue confirmado hoy con 85 votos a favor y 12 en contra. el nuevo secretario fue miembro de la junta de gobernadores del banco central estadounidense desde el 2012. y una nueva regla impuesta por bank of america estarÍa afectando a las personas de bajos ingresos, y es que ahora si el cliente no cumple con uno de dos requisitos la situaciÓn bancaria le cobrarÁ 12 dÓlares mensuales por el manejo de una cuenta de cheques online que anteriormente era gratuita. andrea linares nos expone las muestras de los afectados. andrea: las nuevas normas anunciadas por bank of america estÁn causando indignaciÓn de costa a costa. en zonas como raÚl carrillo denuncian que el banco estÁ castigando a las personas de bajos recursos todas las cuentas bancarias en lÍnea serÁn convertidas aa cuentas qque cuentan con un cargo mensual dde 12 dÓlares. para quedar exento del nuevo cargo mensual el cliente debe hacer un depÓsito directo mensual de 250 dolares o man

breaking news, the senate voted to confirm jerome powell as the fed chair. president trump picked him in november to replace janet yellen when her term as chair ends in early february. you are looking at a live shot of the lord there. this is bloomberg. ♪ ♪ emily: bitcoin saw a dip today, hitting below the $10,000 mark earlier. is on the as bitcoin rise. a spinoff in which development -- developers clone bitcoin software to capitalize on the public's familiarity with digital currencies. some 19 bitcoin forks came out last year, but as many as 50 could start up this year. joining us now to discuss, is joe. he is currently tracking 130 funds that invest in crypto. we are all talking about the plunge this year. what is your read on that? will we see a bounceback? is this a new reality? joe: we have seen the same depth the last few years. we come out with research selling there was a 30%-30 5% in 2016 and 2017. number one,s due to profit taking. many investors have been in the market since before bitcoin was at $1000. there is seasonality as well, which we h

vonnie: who would be a good companion or seatmate to jerome powell? robert: in this particular case, you would like to have an economist in that position. he doesn't have that particular background. in this particular case, if larry lindsey were to be selected, he obviously knows the fed, he's been involved in the past, he understands how it operates, he would be someone who would be very well-equipped to be a complement to chairman powell. mark: phil dudley will have to be replaced. randy quarles is coming in. a couple moreair, dovish members won't be voting this year. what does that mean for policy in the year ahead? robert: this is the really interesting part about it. right now, we will end up with a situation after chair yellen leaves, there will only be three governors. as far as the fomc is concerned, the reserve bank presidents will dominate the voting. i can remember that's ever happened before -- i can't remember that's ever happened before. it depends on who gets dudley's position. the president of the federal reserve bank of new york is a

the us senate has confirmed federal reserve governor, jerome powell, as the next head of the central bank. he'll succeed the current chairjanet yellen. the confirmation is widely expected to provide continuity in us monetary policy. the 64—year—old former lawyer will hold the job for a four—year term. walt disney is giving employees a one—time cash bonus of $1,000, joining a growing list of companies handing out awards in the wake of federal tax reform in the us. disney also plans to put $50 million into a fund to help hourly employees with tuition costs. good news for them that is it for now. before we go, the markets. the markets are now. before we go, the markets. the markets a re pretty now. before we go, the markets. the markets are pretty flat. they have been catching their breath after rate next big. —— break—neck speed. that is it for now. the news briefing coming up. we will look at the global stories making news today. a new inquest opens today on private sean benton, who died at deepcut army barracks in surrey in 1995. private benton, who was 20, was the firs

powell, and the two day meeting will end on wednesday where it is expected to keep rates unchanged. other items on the calendar this week include the united states and south korea entering into their second round of talks to try to salvage their troubled bilateral trade agreement. that also happens on wednesday. and on thursday we will see the titans of the tech world, the likes of alibaba, of the tech world, the likes of aliba ba, alphabet, and of the tech world, the likes of alibaba, alphabet, and amazon, posting their earnings that day. i spoke earlier to the chief investment officer for the asia—pacific at deutsche bank. investment officer for the asia-pacific at deutsche bank. we don't really think there will be any material announcement, because as we said, it is the last meeting as chairwoman, so hence they will keep the interest rate unchanged until of course she hands over tojerome powell, and then we would expect the first rate hike to happen in march. and we know that in the interim we have the low interest rate environment. yes, there have been small hikes, but we have

el senado confir arantxa: el senado confirmÓ a jerome powell como prÓximo presidente de la reserva federal. powell nominado por trump en noviembre fue confirmado hoy con 85 votos a favor y 12 en contra. el nuevo secretario fue miembro de la junta de gobernadores del banco central estadounidense desde el 2012. y una nueva regla impuesta por bank of america estarÍa afectando a las personas de bajos ingresos, y es que ahora si el cliente no cumple con uno de dos requisitos la situaciÓn bancaria le cobrarÁ 12 dÓlares mensuales por el manejo de una cuenta de cheques online que anteriormente era gratuita. andrea linares nos expone las muestras de los afectados. andrea: las nuevas normas anunciadas por bank of america estÁn causando indignaciÓn de costa a costa. en zonas como raÚl carrillo denuncian que el banco estÁ castigando a las personas de bajos recursos todas las cuentas bancarias en lÍnea serÁn convertidas aa cuentas qque cuentan con un cargo mensual dde 12 dÓlares. para quedar exento del nuevo cargo mensual el cliente debe hacer un depÓsito directo mensual de 250 dolares o ma

jerome powell becoming the secretary of the federal reserve. president trump first nominated powell in early november. maria: i had the chance to speak with commerce secretary wilbur ross. he tells me his feedback from his international counterparts has been largely positive. >> surprisingly there is a growing recognition at the world trade system needs to be fixed. i had a big panel discuss yesterday including the head of the wto, head of cargo, and i asked them a simple question because they were all claiming we were protectionists. i said name me the country that is less protectionist than we are. they had no answer. and they ultimately agreed there are things that need to be fixed. there are abuses. wto needs to change some of its ways. it's the first time i have seen overt recognition of that. maria: with regard to nafta it was a welcome invitation for corporate america to say i'm going to build a factory in mexico then i will sell the products back to the u.s. but that payment template for all deals. after world war ii it was lib rat u.s.

trump picked jerome powell to replace janet yellen one hurt term is over -- when here term is over. postding to the washington , robert mueller will likely seek to interview trump. the newspaper says that the special counsel will interview trump very soon, possibly within the next several weeks. the u.k. prime minister's attempt to give her government a as theye is ruined, refuse to follow orders. health secretary and education secretary were locked in discussions with her after rejecting proposed moves. her ability tor navigate the next stretch of brexit talks. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . now the positive session in asian equity markets come up for a sixth consecutive session. the nick a coming back -- the nickkei coming back online. we saw the kospi impacted by what you have seen in samsung. earningsissing its come off by 3.1% there. it is having an impact on the overall index and a lot of analysts have scrambled to readjust their forecast on samsu

the nomination will be part of the centralakeup at bank after jerome powell replaced janet yellen when her term ends early next month. italy's economic development minister has said britain should be canted the trade deal david davis has called for. a politically independent figure in the government made the comment in an exclusive interview with bloomberg. plus will benada what we need to achieve, but beyond that, there is a problem that we need to solve, which is the following. brexit, is another piece of the western world that is basically more and more fragmented. sebastian: south korea's coast guard has said the fire engulfing in iranian tanker off china is being fueled by oil on board. -- was ferrying a million barrels of hydrocarbon liquid used in petrol production when it collided with a chinese cargo carrier saturday, leaving the iranian vessel's 30 crew members missing or dead. particles takes effect today in an effort to protect marine life. the plastic beads are typically so small they float through treatment filters, polluting waterways with particles to be eaten or observ

.>>> a senate panel today approved jerome powell as the federal reserve chairman. powell will take over as chairman when janet yellen's turn ins. the president -- turn ins. the president decided not to keep her in the position despite her performance. >>> we have rain in the forecast. it should be a wet afternoon. wet afternoon commute. this is what they look like. if you're wondering, we haven't had any magnificent ones, but this is a good-looking winter storm. it has everything you need right there. cold air right there. the warm, moist tropical air. those ingredients come together, plus the upper level jetstream has some speed and it is going to bring rain, maybe an inch and a half. the mountains could see up to two feet of snow through friday morning. a little foggy out there tonight. you can see the valley fog in the morning, too. then you see conflicting systems, because here comes the low. scatters the fog out, essentially. by noontime it is raining. about 3 pm, the afternoon commute time, the early afternoon commute, scattered showers all over the place. as

. >>> the senate easily confirms jerome powell as the next chairman of the federal reserve. powell begins serving next month replacing fed chair janet yellen. he has 5 1/2 years on the fed's board, is viewed as a centrist and is favored by both democrats and republicans. >>> the just enacted tax reform legislation is a boon for some disney employees. 125,000 disney workers will get a $1,000 bonus due to the new law. disney is making a $50 million investment into education programs for employees. the bonus applies to any full or part-time employees who have been working for disney before january 1st. >>> uber hires its first chief diversity officer. her hiring is the latest outgrowth following an inquiry into uber culture by former attorney general geoffrey holder. >>> move over. google is selling audio books. they're available in 45 countries and nine languages. no subscription is required. audio books can be purchased individually and can be shared with family members for no extra fee. >> i'm all about the audio books. a, i have a long commute, b, on this schedule i pretty

powell takes the helm. and here's a course for the fed along the lines of his predecessor janet yellen. if growth really takes off the fed coul >>> 2017 saw a big slowdown in the housing market. not in prices but in home sales because there was nothing to buy. sales slow more. sales could become even more sluggish as the supply situation warsens. yes, home builders will continue to increase production. but slowly and mostly in the move-up market, not the entry level where millennial demand is highest. that could squeeze would-be buyers back onto the sidelines. prices pushed higher. all that demand without much supply will keep the heat on home prices and affordability will become a much bigger issue. especially now that the republican tax plan wipes out valuable deductions for property taxes, and mortgag mortgage reform. the biggest move in 2018 could be in the mortgage market. and the elephants in it, namely fannie mae and freddie mac. talk is finally heating up in congress to reform the system and private

separately, e sen banking committee voted a send time to appre jerome powell to be the next chair of the central bank. the revote was necessary because the full senate did not take up powell's nomination last year. >>> with the deadline to reach a budget deal and keep the government open past friday the white house today threw its support behind a short-term funding bill. mitch mcconnell said the senate would take up such a measure as ed by the house. by now it's clear we are not ready to move ahead with a major agreement on long term funding for our armed forces nor on our immigration policy. compromise solutions are not out of reach. but for now, congress needs to keep the government running. >> the republican senator lindsey graham said he would not vote for another stopgap little. graham helped craft a bipartisan immigration deal that was rejected last week. >>> still ahead, a bitcoin blood bath. coy the once hot crypto currency >>> it wasn't a pretty day for some of the country's biggest bank. goldman sks reported a 50% drop this bond trading revenue. that's what investors focus

. >>> the senate easily confirms jerome powell as the next chairman of the federal reserve. powell begins serving next month replacing current chair janet yellen. powell has served 5 1/2 years on the fed's board, is viewed as a centrist, and is favored by both democrats and republicans. he favors easing bank regulations, especially for smaller banks. >>> the just enacted tax reform legislation is a boon for some disney employees. 125,000 disney workers will get a $1,000 bonus due to the new law. disney is making a $50 million investment into education programs for employees. the bonus applies to any full- or part-time employees who have been working for disney before january 1st. >>> uber hires its first chief diversity officer. bo young lee was the inclusion officer hired in march. her hiring is the latest outgrowth following an inquiry into uber culture by former attorney general eric holder. >>> move over. google is selling audio books. they're available on google play store in 45 countries and nine languages. no subscription is required. audio books can be purchased indi

all this means that the job of incoming fed chairman jerome powell will be tougher when he takes over from janet yellen in early february. he'll have to negotiate the uncertain effects of tax cuts and low inflation and work to find a consensus between the two groups that increasingly look to be on different sides of the debate. for "nightly business ror >>> still ahead, a new medicine, a steep cost, and some new ideas >>> pfizer will partner with a biotech company to develop a gene therapy to treat als, a disease that affects nerve cell cord. the gene therapy will also treat a related neurodegenerative disorder. the partnership with sangamo therapeutics deepens pfizer's investment in dna-based treatments. > the food and drug last month approved a treatment for a rare form of blindness marking the first approval of a gene therapy for an inherited disease. the cost of this one-time treatment is $850,000. but along with the high cost comes new potential payment >> reporter: medicin has bee pursuing the promise of gene therapy for decades. the goal, to deliver healthy copies of genes to m

powell. and the fed will announce its beige book, an anecdotal look at economic conditions across t country. th what the watch for on the price of bitcoin fell below $12,000 for the first time in more than month. that drop came atmosphere south korea's finance minister said the shutdown of virtual currency exchange is still an option. south korea is one of the largest markets for digital currency trading. there are repor of a crackdown on the crypto currency market in china. gl car makers are pouring money into electric vehicles. togeth investm total $90 billion. according to analysis by reuter's, that number is expected t grow. the world's top automakers are expected t introduce new types of battery powered vehicles as well as hybrid cars over the next few years, many of them in china. general motors, meanwhile, expects profit growth to stall this year following five years of increased earnings. th said results in 2018 will be in-line with last year's. gm says pricing pressure in the u.s. an

senator jerome powell a multimillionaire was backed by a large majority as chair of the federal reserve with support from republicans and also many democrats the appointment marks the end of a decades long tradition that has seen presidents stick with the federal reserve chair was in charge when they took office power is expected to take over when janet yellen leaves her post on the third of february. all right and that is pretty soon two weeks from now when he bought this stunning buy for us at the front that stock exchange i'm sure that people there will have observed that choice what can we expect from powell. continuity that's what everybody agrees on that's what your own pall has to offer and that's a good thing because the fed is doing the right thing at the moment people believe by gradually tightening monetary policy raising interest rates at a careful and measured rate and slowly reducing the balance sheet also of the fed and that's returning to normal normalcy but without upsetting the markets and drone policy has voted with john a gel in these past years and people believe th

jerome powell will begin in his term at chairman next month. that will do it for "nightly business report" tonight. i'm sue herera. thank you for joining us. >> i'm bill griffith. have a great evening, everybody. we'll see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm, sunny days, cooling trade winds, and the crystal blue caribbean sea. nonstop flights are available

federal reserve system jerome h. powell of maryland to be chairman. liz: i'm liz macdonald this is risk & reward that was senate majority leader mitch mcconnell saying this is a manufactured crisis, the vote basically in the senate now done. the bill on keeping the government open, heads to the house right now and let's get right to adam shapiro he's live with the very latest. adam? adam: the latest is that as you said this goes to the house. the only difference is you heard the leader of the senate mitch mcconnell say is that this is essentially a week shorter than what the continuing resolution which was passed in the house, but there it is. now, the new clock february 8 in which the leader has promised to allow a bill to come to the floor of the senate on immigration, open amendments. there's no guarantee it would pass and even if it did pass in the senate there's no guarantee the house would pass. here is what jeff flake, an advocate for immigration reform as well as a daca deal, a republican had to say about where we're headed. >> what has been d

the senate banking committee will vote on the nomination of jerome powell as the next fed chair next wednesday. just crossing the bloomberg terminal. the first of a few hurdles mr. powell will have to overcome to become the next fed chair. botc, taking a look the most telling and compelling charts of the day and what they mean for investors. today, things off christine. christine: my chart is all about shoturies, japan, and a at rekindling a fitting romance. japan's purchase of treasuries after china made waves this week with speculation over its treasury holdings. recent history shows that they have sold -- they sold ¥2.1 trillion in october. not quite a repeat of the record we saw in march of 2016. take a look at the market conditions back then. the yen was just as strong in march of putting 16 as it is now -- march of 2016 as it is now. the yields are much higher. that's why you see the cross here. narrowed worr treasury yields moving higher in 2018. we might see a rekindling of this love. mark: always topical. you know i like my topicality. vonnie: should i even bother presentin

the first is to confirm jerome powell as the next fed chair. once that vote wraps up, the senate will vote on whether to begin debate on the nomination of alex azar to be secretary of health and human services. this is one of the key roles in our entire federal government in caring for america's sick and vulnerable. let me begin by saying that had mr. azar does not come with the staggering ethical challenges of his predecessor, the first trump h.h.s. nominee tom price. here is my concern. mr. azar's nomination is a clear symbol of the president's broken promises on prescription drugs and pledge to secure better and more affordable health care for all americans. at the outset of my remarks, i'm going to start with the issue of skyrocketing prescription drug prices that now clobber millions of americans at pharmacy windows across america. it is one thing for a presidential candidate to have claimed that he would just be too busy, too busy working to have time to golf and then spend almost one out of three days in office golfing. it's another thin

senate has approved president donald trump's nominee jerome powell to be the next chairman of the federal reserve all had support from republicans and democrats to lead the central bank a lawyer and former investment banker will start next month he succeeds janet yellen who was the first woman to lead the federal reserve is. china and south korea have condemned the u.s. decision to impose steep tariffs on imported solar panels and washing machines the move but the trump administration is to protect u.s. manufacturers against foreign competition europe says it regrets the move which could see goods taxed up to fifty percent mexico which will be directly affected says it will use all available legal resources in response this may fund says the team called the fact that the u.s. launched investigations into the safeguard measures on imported solar panels and washing machines and adopted state tariffs on the its products is an abuse of tried measures china is strongly dissatisfied with it. the mayor of paris has called an emergency meeting to deal with serious flooding in the french capital b

the senate is back at noon at the continue debate on jerome powell to be chairman of the federal reserve. on c-span3 the senate energy and natural resources committee examines the impact of major weather events on the electric power grid. that's at 10 a.m. eastern. >> american history tv on c-span3. c-span3. this week in prime time.

jerome powell going to take the homes in february. did the minutes from yesterday tell us anything about that transition period and what he might be like as head of the fed? a i think it is going to be fascinating time. on the one hand, the minutes did not tell us much news. that would put a lot of focus and emphasis on watching mr. powell's remarks over coming weeks and months as he digests the impact of what the tax policy means for the u.s. economy in the world economy. thehigh -- and what dollar's doing. in one respect, we are in a transition phase. from here, the narrative will be reset. it is not that mr. powell is expected to be different to miss given the backdrop of what is happening on tax policies and the economy, it will be interesting to see if he turns out to be more hawkish than anticipated. theyll get indications are coming weeks as he starts speaking more publicly. so much for you joining us. let's bring in ray ferriss, head of asia-pacific fixed income research and economics. he joins us from singapore. good morning

jerome powell going to take the helm in february. did the minutes from yesterday tell us anything about that transition period and what he might be like as head of the reporter: -- like as head of the fed? reporter: >> i think it is going to be a fascinating time. on the one hand, the minutes did not tell us much news. that would put a lot of focus and emphasis on watching mr. powell's remarks over coming weeks and months as he digests the impact of what the tax policy means for the u.s. economy in the world economy. of course, how inflation is playing out, how the dollar's doing. in one respect, we are in a transition phase. from here, the narrative will be reset to some extent. it is not that mr. powell is expected to be drastically different to miss yellen, but given the backdrop of what is happening on tax policies and the strength of the economy, it will be interesting to see if he turns out to be more hawkish than anticipated. we will get indications are they coming weeks as he starts speaking more publicly. tracy: thank you so

. >>> any moment now the senate is expected to confirm jerome powell as the next chair of the federal reserve. he will replace janet yellin at the central bank. we'll be back with the backlash following the government shut down. whatever type of weekender you are, don't let another weekend pass you by. get the lowest price when you book at hilton.com but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>> welcome back, they're slamming him as a bad lawmaker. folks, those are not progressive attacks of president trump, it is for senator schumer for reopening it. red state democrats reportedly started getting boupounded by t base. either way groups are not happy that schumer reopened the government without a daca deal or anything other than a mcconnell progress. one group is slamming democratic leadership for making a "bod, outrageous deal." they say it is why people don't believe the democratic party stands for anything. one is saying that chuck

lauren: jerome powell takes over as head of the federal reserve. >> i think he saw. i don't think anybody has doubts about his capability. lauren: a lot of people were concerned the fed were to quickly hike interest rates. he think he would go down that path or keep a relatively steady. >> it as stable as is. i don't see any radical changes whatsoever. a great addition. >> earnings season is against us. how are you feeling about her names? >> banks to dwell under the tax law. earnings will reflect at a minimum of the tax bill is doing for us and the prospects of the american economy. i saw the other day for example a commentary in germany that indicated america's tax reform is germany's loss. we've got the largest market. we've got a situation where we've got the lowest corporate tax rate. we've got more flexible working conditions and all of this i think is what earnings are about as far as looking in the future and right now the path is certainly solid. tranter as january goes, so goes the start to the year. you're feeling really good on 2018? >> yeah, absent those

the meetings will show the debate over qe3. 2012 was the year jerome powell governor.s role as we will scan the documents and bring you relevant headlines or comments that he might have made. back to the december jobs report. added 148,000my jobs in december. the unemployment rate steady at 4.1%. wage growth up by 1.3%. it was a mixed report considering the prior month. joining us is michelle meyer, head of u.s. economics at bank of america merrill lynch. first, your reaction to the jobs data. a little miss on the headline but we did get some wage growth and at least it held steady, if not through. leaning: i think i was toward slightly disappointing. you had next negative revisions but even with a three-month moving average, perils were up 200,000 so we are seeing expansion in the labor markets. the unemployment rate held, but that u6 measure did tick up to 8.1%. numberough we got the anticipated, the rearview number is at 2.5%, where we started 2017. we ended the year pretty much where we started when it comes to wage growth, so not much acceleration. fact is going to be the big ques

jerome powell going to take the helm in february. do the fomc minutes from yesterday tell us anything about that transition period and what he might be like as head of the fed? enda: i think it is going to be a fascinating time. on the one hand, the minutes did not tell us very much new. that would put a lot of focus and emphasis on watching mr. powell's remarks over coming weeks and coming months as he digests the impact of what the tax policy would mean for the u.s. economy and, indeed the , world economy. of course, how inflation is playing out, how the dollar's doing. in one respect, we are kind of in an "as you are" transition phase. from here, the narrative will be reset, to some extent. it is not that mr. powell is expected to be drastically different to miss yellen, but given the backdrop of what is happening on tax policies and the strength of the economy, it will be interesting to see if he turns out to be more hawkish than anticipated. we will get other indications over the coming weeks as he starts speaking more publicly.