remarkably stable -- jerome, remarkably stable. here we have inflation that we haven't seen literally in certain amounts since the '80s, and certain yairts areas since the '70s while that's going on, we are at 1.4 on ten-year. >> right. >> the curve flattened but long rates haven't responded. dent you think that is odd that's what the water cooler conversations are. why are the long term treasury rates moving down instead of up? >> foreign investors continue to buy treasuries because of a proxy which makes them more attractive as well as march at the earliest is when rates could rise and when you have growth in coming in at 3.9% which is what we project you will see the rates move higher. more importantly, the longer rates that you are so concerned about this moment, rick, are going to move higher the question is how quickly? will there be volatility we think this is exact purpose, while being focused on defensive mechanisms in 2022, invest oofrs should really be focused on these subtle changes it is going to create bouts of volati

i what jerome powell said? i think whatjerome powell said? i think the removal of the word transitory from his lexicon was probably correct. such is the elevated level of commodity prices around the world that inflation will be long lasting and for a lot of people, getting into a definition argument about whether it was time bound or whether it would have as a second order effect is probably not the place jerome powell wanted to be in but in terms of financial markets, they are pricing in this morning, the earlier end asjerome powell alluded to, the federal reserve asset programme but actually probably most relevant is what happens after that in terms of the first rate increase which financial markets are thinking may be one, two macro increases in the second half of the year but will not be drawn forward now? it makes the meeting in the middle of december white cake in terms of communications. ' ., communications. the 15th of december— communications. the 15th of december but _ communications. the 15th of december but what - communications

is that the kind of thing we will hear jerome powell talk about? katie: markets, analysts, economists would love if he talks about that today. consensus will tell you that we will probably see lift off before they start quantitative tightening and letting the balance sheet runoff. expect them to get maybe several questions on that, when we might see quantitative tightening actually start. but we have a lot to work through before then. the question on the front end on the center is whether they accelerate the pace of the taper . they are still buying bonds at this point. whether that increases or brings forward rate hikes and if we could see quantitative tightening, those are the questions markets have coming into the meeting. matt: we are also looking for changes in the dot plot on the terminal. do ts is the way to access that function. what is and how important is the terminal rate, katie? i know that right now economists are looking for two hikes. katie: yeah and i mean the dot plot is where you could see potential for a hawkish surprise. the bal

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless, to he's been the most successful. he started an oscar when he movie, no man's land about the bosnian war i know a surreal entry. i wouldn't expect, i think i saw junkie. nice to meet with the closure. my. how are you? i'm good. all the better for seeing you and this interesting a contraption. can i have a go? whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, huh. we do this a 2nd to pull from it. well, no more. there we go. yes, we're on a roll. let's go. so are you very nice to me too. what a pleasant day it is to come here. often. we must stop meeting like this one . so tell me jerome, how did you get involved and toughness to naturally stuff? oh i, i was actually, i was very hands. we were, i'm a 3rd. so we were younger and furious and relive really. how can i say fast lives? it was kind of magic. it was kind of chemistry in those times

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless, to he's been the most successful. he started an oscar winnie movie, no man's land about the policy in war. i, a surreal entry. i wouldn't expect, i think i, jackie, nice to meet with the closure. well, how are you? i'm good. all the better for seeing you on this interesting a contraption. can i have a go? whoa. whoa, whoa, whoa, whoa, whoa, no wife, where it is. huh. we do this a 2nd to pull from it will know more of that we go. yes, we're on a roll. let's go. so are you very nice to me too? what a pleasant it is to come here often. we must stop meeting like this one . so tell me jerome, how did you get involved in toughness to naturally stuff? oh i, i was actually, i was very hands. we were, i'm a 1st. we were younger and furious and real live really? how can i say fast lives? it was kind of magic, it was kind of kind of chemistry in those times because we wer

tom: jerome powell yesterday at the press conference. i'm sorry, lisa, the high point of the press conference yesterday was everybody has a last name except mike. lisa: there is that, right? you finally got something before the end, but he is only called mike from bloomberg. tom: you should have seen it, they are in the press conference, they are snoozing off asleep. mckee, mike mckee from bloomberg, he gets just mike. caroline: does that not sure intimacy? may be how close they really are. tom: i'll say. michelle smith. holding court at the fed. a very different press conference from what we will see from the ecb today. the fed yesterday, bank of england coming up at 7:00, and then onto the ecb. i can make it as clear as i can, there is not three central banks so tightly of interest. stay with us on radio and television through the morning. the politics of all this,? fitzpatrick joins us -- jack fitzpatrick joins us. i want to play off outline. the idea here -- off atlanta. the idea here is that the atlanta now gdp statistic is that 8%

the 1st and chair jerome how and now it's a new way forward for the central bank. we'll discuss what we can expect and the impact on the economy. and that point has a major milestone as most of the crypto has been issued. later on, we'll take a look at what's next to the world's largest crypto currency. we have a pack show today, so let's get started. really, the program with oil as the micron variant continues to create uncertainty in the market. opec and it's oil producing allies say they are expecting the impact on the demand for the latest strain to be mild and short lived in their latest monthly report. now the cartel is also projecting the world will consume more than $99000000.00 barrels per day for the 1st quarter of next year, an upward revision of more than $1000000.00 barrels per day from last month's forecast may well as opec plus is ramping up production in some nations or tapping strategic reserve, the international energy agency says oil supply is set to overtake demand starting this month on the news oil prices dropped tuesday with the international

what does jerome powell do if we see a cooling inflation? seth: the real answer, it depends on how much it is cooling. you will start to see it in q1 and more in q2, but just coming down is in going to be enough. when i took the change in paul's rhetoric to mean is that he still cares a lot about the trajectory of inflation, but he also cares about the level now and started talking about price stability being the past two full employment. he said they would hike even before they got to full employment if inflation was too high, so now we are looking at not just the need for inflation to come down, but also with that level is going to look like. lisa: i would love your sense of what happened yesterday from the federal reserve that may be unwarranted if you see a cooling off in inflation. we saw stocks rally, bonds rally, everything rally, and people said why. one theory is because jerome powell basically said they would not hold any purchases right away because they did not want to disrupt markets. it would be too difficult to observe area is

the 1st and chair jerome how and now it's a new way forward for the central bank. we'll discuss what we can expect and the impact on the economy at that point has steered a major milestone. as most of the current bill has been issued later on, we'll take a look at what's next for the world's largest crypto currency. we have a talk show today. so let's get started. really the program with oil as the on the kron variant continues to create uncertainty in the market. opec and it's oil producing allies say they are expecting the impact on the demand for the latest strain to be mild and short lived in their latest monthly report. now the cartel is also projecting the world will consume more than $99000000.00 barrels per day for the 1st quarter of next year. and upward or vision of more than $1000000.00 barrels per day from last month. forecast may well as opec plus is ramping up production in some nations or tapping strategic reserve. the international energy agency says oil supply is set to overtake demand starting this month on the news. oil prices dropped tuesday wit

i think elizabeth warren was not happy with the renomination of jerome powell. she made that clear. she said he is a dangerous man. i think there would probably be an effort on the part of the white house to appease her and senator sanders and others who wanted more dovish officials. i do think that would be a big part of their thinking. yes, i think it will be very political. >> if the administration opted the more dovish, progressive direction commodities see any confirmation battle? we are waiting for just the nominations but then you have to handle confirmation. greg: we have already seen some instance. the woman who was going to become shoulder of the currency -- going to be comptroller of the currency dropped out. some unlike cordray -- someone like cordray does a nominee, very close to elizabeth warren, i think that would be a tough confirmation fight as well. as we all know, there is a narrow margin in the senate. joe manchin has proved that. i think that a narrow margin in the senate may apply to fed nominations. taylor: if you understand the way d.c. dynamics work, a lot o

the 1st since jerome how announced a new way forward for the central bank will discuss what we can expect and the impact on the economy. and that client has cleared a major milestone as most of the crypto has been issued. later on, we'll take a look at what's next for the world's largest crypto currency. we have a talk show today. so let's get started. really the program with oil as the on the kron variant continues to create uncertainty in the market. opec and it's oil producing allies say they are expecting the impact on a demand for the latest strain to be mild and short lived in their latest monthly report. now the cartel is also projecting the world will consume more than $99000000.00 barrels per day for the 1st quarter of next year, and upward or vision of more than $1000000.00 barrels per day from last month's forecast. meanwhile, as opec plus is ramping up production, some nations are tapping strategic reserves. the international energy agency says oil supply is set to overtake demand starting this month on the news oil prices drop tuesday with the international benchmark. brent c

the furthest chair jerome how and now it's a new way forward for the central bank. we'll discuss what we can expect and the impact on the economy. and the client has steered a major milestone as most of the crypto has been issued. later on we'll take a look at what's next for the world's largest crypto currency. we have a taco today for, let's get started. really, the program with oil as the on the kron variant continues to create certainty in the market. opec and it's oil producing allies say they are expecting the impact on the demand for the latest strain to be mild and short lived in their latest monthly report. now the cartel is also projecting the world will consume more than $99000000.00 barrels per day for the 1st quarter of next year, an upward revision of more than $1000000.00 barrels per day from last month's forecast may well as opec plus is ramping up production in some nations or tapping strategic reserve, the international energy agency says oil supply is set to overtake demand starting this month on the news oil prices dropped tuesday with the intern

the 1st since chair jerome, how announced a new way forward for the central bank will discuss what we can expect and the impact on the economy. and that point has steered a major milestone as most of the crypto has been issued. later on, we'll take a look at what's next for the world's largest crypto currency. we have a taco today for let's get started. really the program with oil as the on the kron variant continues to create uncertainty in the market. opec and it's oil producing allies say they are expecting the impact on the demand for the latest strain to be mild and short lived in their latest monthly report. now the cartel is also projecting the world's will consume, more than $99000000.00 barrels per day for the 1st quarter of next year, and upward or vision of more than $1000000.00 barrels per day from last month's forecast. meanwhile, as opec plus is ramping up production in some nations or tapping strategic reserves, the internet, the energy agency says oil supply is set to overtake demand starting this month on the news, oil prices dropped tuesday with the international ben

the monetary donations are really, really needed right now, www.saint jerome's fancy farm.com also a phone number for donations (270)623-8181, what is the need right now so people can help you guys out. >> we have many supplies but we can always use the monetary donations, gift cards that we can hand out to people that were responding to an many of our local people from surrounding areas that are just hearing of our willingness to help them. anything that you could do to help will be put to good use and make a difference. >> plus you and all the team members helping you. it is inspiring to see people helping their neighbor, thank you so much sister martha keller for joining us, good luck to you and god bless. coming up the world mourns the death of an iconic apartheid activist, don't go anywhere. ♪ ♪ ♪ ♪ ♪ ♪ hey, tam-tam! i was thinking maybe... your mom's car? you up for a little night work? ♪ ♪ ♪ ♪ ♪ ♪ thank you. merry christmas, dad. ♪ ♪ julie: former south african arch bishop desmond tutu died at the age of 90, he was an icon for speaking out against r

but that is what jerome powell did yesterday. lisa: how much does christine lagarde want to shake the complacency we are seeing in markets. what are we expecting in terms of a surprise from here in 30 minutes? caroline: certainly a focus on flexibility, trying to ensure that her arsenal remains as adept as possible to inflation or pressures we see in europe, and large part because of energy prices. earlier this week, showing that if you strip out the all-important energy prices, inflation running at about 2.5%. above the overall target, but not to the tune we have seen it running at 7%. how much we see madame lagarde, who is inherently more dovish than the rest of her peers in many ways, just trying to tilt a little bit hawkish. that is what the commentators have said. lisa: i am struck by what is going on in markets which is not a lot. you and ongoing lift towards new record highs in the united states, and seeing a feeling of this is good for central banks to start getting hawkish now. it is amazing to see the 10 year yield lowe

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless to he's been the most successful. he started an oscar winnie movie, no man's land about the bosnian war. i know a surreal entry. i wouldn't expect, i think i was wrong. junky nice to meet with the closure. how are you? i'm good. all the better for seeing you and this interesting a contraption. can i have a go? whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, we do this a 2nd to pull from? it will no more. there we go. yes, we're on a roll. let's go. so, are you very nice to me too. what a pleasant day it is to come here often. we must stop meeting like this one. so tell me jerome, how did you get involved and toughness to naturally stuff? oh i, i was actually, i was very when we were, i'm a tourist. we were younger and furious and relive really how can i say fast lives? it was kind of magic was kind of kind of chemistry in those times beca

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless, to he's been the most successful. he started an oscar winning movie, no man's land about the bosnian war. i know a surreal entry. i wouldn't expect, i think a junky nice to meet with the closure. my. how are you? i'm good. all the better for seeing you and this interesting a contraption. can i have a go? whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, we do this a 2nd to pull from? it will no more. there we go. yes, we're on a roll. let's go. so, are you very nice to me too. what a pleasant day it is to come here often. we must stop meeting like this one. so tell me jerome, how did you get involved and toughness to naturally stuff? oh i, i was actually, i was very home. we were, i'm a 1st we were younger and furious and relive really how can i say fast lives? it was kind of magic was kind of kind of chemistry in those times because

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless, to he's been the most successful. he started an oscar when he movie, no man's land about the bosnian war i know a surreal entry. i wouldn't expect, i think a junky nice to meet with the closure. how are you? i'm good. all the better for seeing you and this interesting a contraption. can i have a go? whoa. whoa, whoa, whoa, whoa, whoa, need my wife where it is. huh. we do this is thank older home for on it will no more. there we go. yes, we're on a roll. let's go. so are you very nice to me to was a pleasant say it is do come here. often. we must stop meeting like this one . so tell me jerome, how did you get involved and toughness to naturally stuff? oh i i was actually, i was very hands. we were, i'm a tourist. we were younger and furious and relive really. how can i say fast lives? it was kind of magic, so it's kind of kind of chemistry in those times because

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless, to he's been the most successful. he started an oscar when he movie, no man's land about the policy in war. i know a surreal entry. i wouldn't expect. i think i, jackie, nice to meet with the closure. how are you? i'm good. all the better for seeing you on this interesting contraption. can i have a go whoa, whoa, whoa, whoa, whoa, whoa, no wife, where it is. huh. we do this a 2nd to pull from. it will not know more of. there we go. yes, we're on a roll. let's go. so are you very nice to me too. what a pleasant it is to come here often we must stop meeting like this one . so tell me jerome, how did you get involved in top this to naturally stuff? oh i, i was actually, i was very hands. we were, i'm a 1st, we were younger and furious and real live really, how can i say fast lives? it was kind of magic was kind of kind of chemistry in those times because we were r

so tell me jerome, how did you get involved in top this to naturally stuff? oh i, i was actually, i was very hands. we were, i'm a 1st, we were younger and furious and real live really, how can i say fast lives? it was kind of magic. it was kind of kind of chemistry in those times because we were really group of young people who stick together and go over there. we just try to to make something. what you like to do, you know, it was so naive and, and so spontaneous, you know, when was it exactly that you left sarah ever left there in august 22. i was almost 6 months or so. what was it that prompted you to leave? until the most heavy question for me always, you know, i'm from mixed breeds. my mother's, she's a muslim my father. he was sort of, i was in the middle of something, you know, and i never divide people like, like serbs and muslims. my my grand father. he was, he died 2 months after that. but he, he gave me the most difficult question. when we were in cerebral, he asked me, who were those guys who bombed us? i said, i don't know, it's kind of bad guys

. >> tonight on c-span, next, treasury secretary janet yellen and federal reserve secretary jerome powell testify on oversight of the cares and rebuilding the economy. then, former solicitor general ted olson argues in favor of limited government and against biden administration policies. after that, president biden lights the national christmas tree and later, and sec nominee, gigi sloan, takes questions on the $1 trillion infrastructure bill and impact on broadband service across the country as part of her confirmation hearing. >> the house returns tuesday at 2:00 p.m. eastern time meant plants to take up legislation later in the week to raise the debt ceiling to avert a default. members will also debate a bill to prevent abuses of presidential power and protect against foreign interference and elections. the senate is back monday at 3:00 p.m. and will vote next week to confirm several of president biden's executive nominations including jessica rosenworcel to chair the federal communications commission. senators may also consider the president's climate and social spending plan. watch

federal reserve chair jerome has given a clear sign that this central bank -- chair jerome powell has given a clear sign that this central bank is moving to tighter monetary policy. powell acknowledged that the trend of rising prices is proving more powerful and persistent than expected. that could lead to interest rate hikes sooner than anticipated. u.s. and japan are amongst the countries ready to impose new travel restrictions to restrict the spread of the omicron variant. president biden is expected to require all air travelers to the u.s. to be tested within a day of their departure. meanwhile, japan will deny reentry to foreign nationals returning from 10 african nations. japanese airlines have halted new inbound bookings for this month. a u.s. advisory panel has narrowly recommended approval of merck's coronavirus pill after a lengthy debate about the safety of the potentially game changing treatment. the pill isn't in the do treat mild-to-moderate covid in adults at risk of developing severe illness. once again come of vladimir putin is accusing the u.s. and its allies of thre

my last hope of getting everyone together is jerome. he still lives in louisiana, the capital of slovenia, where he fled to during the war of all the original members of topless, to he's been the most successful. he started an oscar when he movie, no man's land about the bosnian war i know a surreal entry. i wouldn't expect, i think i, jackie, nice to meet with the closure. my. how are you? i'm good. all the better for seeing you and this interesting a contraption. can i have a go? whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, we do this a 2nd to pull from? it will not know more. there we go. yes, we're on a roll. let's go. so, are you very nice to me too. what a pleasant day it is to come here often. we must stop meeting like this one. so tell me jerome, how did you get involved and toughness to naturally stuff? oh i, i was actually, i was very hands. we were, i'm a 1st we were younger and furious and relive really how can i say fast lives? it was kind of magic was kind of kind of chemistry in those time

s. presidents love jerome strikes. it makes them appear in the words of the u. s . media as quote presidential. so in other words, when us presidents are acting in a heavy handed manner against pete, mainly people of color in foreign countries, they look good in the media and it looks much better. of course, when you have a high score of deaths like 980-0120 per strike rather than just 2 or 3. i. but i wonder, i wonder how americans would like it. if foreign countries were conducting extra legal assassinations by drone strikes inside the sovereign territory of the usa, are you surprised as well? there hasn't been more of a backlash around the world to the amount of casualties that but you know what? we're hearing ny from university sources of investigations, lasting years to the amount of casualties the u. s. has been responsible for. yes, it's been responsible for millions of civilian casualties in iraq and syria in afghanistan in libya, in many countries around the world since 1945. and the result has been slowed to take place. but finally, there are regional

that includes even the runup in rates we had early on in jerome powell's first term. continues as federal reserve chairman. it has been an uninterrupted wave of the federal reserve, keeping the party going. today they will take the punch bowl away. we'll see the impact of all of that, once we get the details. meanwhile, we are following on issues that are far more important to those in the south right now, particularly in kentucky. particularly in mayfield kentucky. the president seeing the area for damage from tornadoes, considered the most damage we've seen for december ever, not just in recent years, ever. grady trimble with more. reporter: neil, the president wrapped up his aerial tour on mayfield in marine one. he is meeting with low-cal leaders at the airport. he will come to mayfield and see the damage from this vantage point on the ground. it is absolutely horrific as you see the next several days. i'm with marti janes. he lives in this house. he and his wife were home at the time of the tornado friday night. first of all we're so sorry for all of the property

jerome is jamal problem. it's farthest and process. are used to premiere to thumb and cooper. come find yours, roberto, your argument plumber smith to suit you. his id room. you couple when thrown at some your pl. more used to put a mirror for beauty mental state id card mina. i put a petition of thunder. them young stress on lane for stroke. dora, yeah, theresa buckley like yours, my topic. i meant your barrier and shit as i became got off the comma by me. unfortunately, most of the insolence performed you put yourself back with you to one on your story or whether it's down from water coming through the city or electricity or power generation. all of those are now connected and they could be potentially disrupted or destroyed. so you have your sensor and the sensor is collecting data, maybe checking the temperature or checking the level of specific type of chemicals . maybe there's a platform sitting behind it. so what the hackers are doing is they're able to either access through the sensor into the backend or start from the back end because it's also exposed on the internet

jerome, the 4th him here, 5 for now. ah ah. in 2002 coins and back loads mount the launch of the euro. today is the official currency of 19 of the 27 members states of the european union. on the 20th anniversary of the euro entering circulation, al jazeera investigates how the eurozone benefited from having unofficial currency alike. i've always been fascinated by space, but the story, the space race isn't just about the men who wish their lives to travel and see unknown. but the ones who held those lives in their hands. your grandfather and his colleagues worked on the space suits they design is faye suits. apollo. aladdin was his triumph or all around and the policy design space seats with his legacy putting man on the moon on al jazeera. we understand the differences and similarities have count chance across the lounge. so no matter how you take it out, you 0. we're bringing the news and current to fast cut matter to you. countess era. aah! had arman as a brought him in dire, harboured the top stories on al jazeera tributes

i'm how much am jerome, doctors, nurses, and other health care workers around the world have been working tirelessly to save lives since the pandemic began. but the world health organization says since january last year, up to $180000.00 of them have died from cove at 19. some believe the actual number may be much higher. many health care workers say they're overworked and under appreciated. some have opted to leave the profession, industry leaders or warning of widespread staff shortages if governments don't give medical workers more support will bring in our guests in a moment. first this report by homeric boundary health and care workers, ah, they protect us. when we meet at most, they're seen as the heroes of the pandemic. doctors and nurses around the world have been working nonstop for nearly 2 years to controlled this head of cove at 19, often without proper protective equipment. like many say there are breaking point like the workers in this hospital in russia. not only are they battling a surge of infections nationwide, they're dealing with misinformation about vaccines and peopl

it will fairy maze our way into space to the i assess from here at the by can or cosmo jerome. now it was built 4 to 6 months in spaceport was spend only a fraction by around 12 days and will differ from other flights. in a fact that it won't have emission of course, a whole point of the project is space tourism. it will be complete with an m said mays. i was signature on the nose. that's what a rumored $20.00 to $40000000.00 will get you a personalized rock here and ride into space. not bad if you can afford it. now it may have seemed on thinkable in gregory's day to literally pay your way into space . but maybe with every corner of the world already discovered the only logical, small step for man was to go out of this world. and with the m. s. 20 mesa, we're andros, cross mos opening avenues into orbit for the elite. now used to say in c, he has time, space tourism like this won't be available to the every man here in the museum and the bacon or cosmic jerome. that pride in space channel is most apparent here you'll find shrines to form a space conquest and their heroes, incl

it will fairy maze our way into space to the i assess from here at the by can or cosmo jerome. now it was built 4 to 6 months in spaceport was spend only a fraction back around 12 days and will differ from other flights. in a fact that it won't have emission of course, a whole point of the project is space tourism. it will be complete with an m said mays. i was signature on the nose. that's what a rumored $20.00 to $40000000.00 will get you a personalized rock here and ride into space. not bad if you can afford it. now it may have seemed on thinkable in gregory's day to literally pay your way into space . but maybe with every corner of the world already discovered the only logical, small step for man was to go out of this world. and with the m. s. 20 mesa, we're andros, cross mos opening avenues into orbit for the elite. now, who's to say in sick he is time space tourism like this won't be available to the every man here in the museum and the bacon or cosmic jerome. that pride in space channel is most apparent here you'll find shrines to form a space conquest and their heroes,

charles: jerome powell isn't too worried about getting to maximum employment. what he is worried about a cyberattack. he keeps talking about this. so why are these cyberattacks real? some are saying we could be on the cusp of a cyber pearl harbor. americans spend more than ever at the grocery store. they're walking out with less. while they are worried about president biden's massive spending plans. they only think it will headache it worse. wait for the details from a new fox poll. we have all the details coming right up. ♪ (jessica, melanie's mom) my daughter's name is melanie. she has a god-like spirit in her. she's beautiful. she's just a beautiful person. (melanie, st. jude patient) i'm at st. jude because i have a brain tumor called pineoblastoma. st. jude is important because they help us get better to get back to our normal lives. ♪♪ in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good m

jerome powell supposedly, becoming hawkish in terms of cutting back bond buying a bit. do you believe in? >> >> this comes after he used more freedom and it had indigestion, some of the volatility, variant news but didn't back down from that. not the crater but people pay attention to what he has to say, so four voting two weeks. dave: cleveland fed president loretta master is a pull back. more hawkish than powell did. a lot of appointments by the biden administration, a lot of doves, there is still sort of it seems there is a consensus for backing a tapering. >> the interesting thing is you go back to november a month ago and there was a fear, the repeat of what happened in october of 2018, what surprised me tuesday was powell was channeling autopilot bys and that threw me off, through markets off. to be more hawkish, or more division two weeks is a scenario that - interest around omicron can lead to a good tailwind in a seasonally bullish time of your. dave: market is 530 on the dow. i your stocking server stock picks. it is a solid stock. >> salesforce is down 12% ye

in the meantime jerome powell, price hikes are here to stay months after the president promised they were temporary. todd: consumer confidence plunges to a 9 year low. >> reporter: i hate delivering the bad news but that's what chairman powell did yesterday, pushing inflation higher. powell says they didn't use the preferred term. to describe it. >> short-lived, a permanent mark, it is a good time to retire. >> a far cry from the president's much rosier assessment this past summer. >> some folks raised worries this could be a sign of persistent inflation. experts believe, the data shows most of the price increases we have seen were expected and expected to be temporary. >> reporter: since then inflation has soared 6% on the supply chain remained bottleneck, the white house maintains inflation will eventually fall. >> private-sector forecasts, inflation will ease over time, rooted in the pandemic which will subside. >> reporter: republicans taking a harsher view. >> the experts who have been advising you have the same credibility as those late night psychic hotlines. we've got to get

if you are to that as well the testimony from jerome powell earlier this week in the us, that's the us federal reserve chief, that has added, really, hasn't it, to the fear factor and the worry that if governments worldwide have to reconsider partial lockdowns, further restrictions, the impact that will have. yes. i think lockdowns _ impact that will have. yes. i think lockdowns will - impact that will have. yes. i think lockdowns will get - impact that will have. yes. i i think lockdowns will get better managed and the gdp impact should be less damaging. now people are really concerned about inflation. we have seen that supply chains get really easilyjammed up. that leads to shortages and price squeezes. the labour market, particularly in the us, where they had so much covid support programme, they are really struggling to hire and if there is another wave of coronavirus but doesn't encourage people back into the workforce. so if we're going to see interest rates have to go to limit inflation, that also, that spreads out all over the dust at all of the world, emerging markets are ofte

a confirmed case here, guy, it makes it all the more real, and then you add to that, of course, the jerome powell factor. >> yeah, it's interesting. i think it was a forgone conclusion -- i'm not trying to be glib. everybody realized at? point -- i was surprised the anowment did what it did this reversal is meaningful. you can't discount it when this magnitude, they will take note you talked about it. 1,000-point swing in the dow, and the iwm is something i've tried to get focused on. tim's talked about this correctly. i think everybody will talk about it now two ten spreads meaningfully below 100 basis points is something market participants talk about dan talks about this as well, these big valuation names are giving it up in a major way. when you start to see things like that. it's just a matter of time. >> zoom out, dan, for us, take us back to the day after thanksgiving right now we're at lower lows. when you look at the pattern of the markets, not just today, not just yesterday, what do you make of this action >> yeah, well, the market crashed, mel if you think about the participatio

the federal reserve, jerome powell, leading the charge being definitive, saying the u. s. will end all of its bond buying by march, accelerate. the time table for interest rate increases. inflation may be at a 31 year high, but the us heading towards strong growth and full employment. and now who's with me? it's so different in terms of their approach total opposites. and the truth is what these different approaches are doing. they're setting the stage for a very choppy 2022 with the fed determine the end as the purchase of dispatch, as possible hike rates as soon as possible. well, the e. c, b is more hesitant to ship. so decisively, in that direction, step by step, not a full on rush. all right, james sweeney calling him out from new york. thank you very much. and let's go to some of the other global business stories making headlines. ikea is hiking prices by 9 per cent due to ongoing global constraints on transport. raw materials. the swedish flat pack furniture giant said it tried to avoid the hike by leasing more ships and optimizing logistics. but as supply chain tur

with jerome powell, to latin america come to the pacific rim. jonathan: you have been all over it all year. think central bank rate hikes from around the world, brazil, turkey the exception as they are going the other way. but the slowdown that people expect next year, does that become more evident in the middle of '22? can they wait? the consensus view right now, fully wind down bond purchasing by q1, then have a conversation about rate hikes. that could kick off in may, june, july. if you see the data going the way the lisa is discussing, can they do that? that is where morgan stanley differs. they think the federal reserve can wait. tom: td securities with an outlier call. we will get to that in a moment. i'm going to look at the vix. in the last couple days, is solid -- a solid .0930 this morning. jonathan: the nasdaq advancing 1.8%. we have talked about the front end, approaching 67 right now. unchanged. some stability here. and anybody whipsawed by crude, we're back to the 70's, to $71.25. tom: right now, ashleigh oakes hart is joining us

jerome powell told congress it is a good time to retire the word and suggested the fed could end its asset purchases earlier than planned. >> the threat of persistently higher inflation has ground. the task that we have articulated has been met now. inflation has run well above 2% for lung of. the were transitory has different meanings to different people. it's probably a good time to retire that word and try to explain more clearly what we mean. you have seen our policy adapt and you will see it continue to adapt. we will use our tools to make sure that higher inflation does not become entrenched. the economy is very strong and inflationary pressures are height, and it is therefore appropriate, in my view, to consider wrapping up the taper of our asset purchases, which we actually announced at the november meeting, perhaps if you much sooner. dani: let's get into the impact of those comments. joining us is justina lee. good morning to you. i do wonder to what extent that this is causing it re-think across markets and market positioning. >> exactly. his comments were pretty significa

normally you don't have jerome powell talking so hawkish we. katie: the fact that we did get this hawkish pivot from jerome powell is the big difference here. a lot of signs that the by the dip strategy is starting to crash. but you look at the etf flows. last week was their biggest week of flows since june. people are still trying to buy the dip, but it is just not working this time around. what this means for the retail trader, i'm interested to see. they became such a force in market because they were winning hand over fist. if some of these favors continue to lag, whether that leads to retail receding from the market, that will be the story over the next couple months. matt: even smart money looks a little bit concerned here. we saw hyg selloff, corporate credit. a huge short interest in corporate credit etf. we saw bond traders pile into 20-year plus rates, which is counterintuitive if you think the fed will raise rates. why would you buy treasuries if the fed is going to raise rates within a year? normally you would sell them in that case

the federal reserve, jerome power, leading the charge being definitive, saying the u. s. will end all of its bond buying by march, accelerate. the time table for interest rate increases. inflation may be at a 31 year high, but the us is heading towards strong growth and full employment. and now who's with me? it's so different in terms of their approach total opposites. and the truth is what these different approaches are doing. they're setting the stage for a very choppy 2022 with the fed determine the end as the purchase of dispatch as possible hydrates as soon as possible. well, the e, c, b is more hesitant to ship. so decisively, in that direction, step by step, not a full on rush. all right, james sweeney calling him out from new york. thank you very much. and let's go to some of the other global business stories making headlines. ikea is hiking prices by 9 per cent due to ongoing global constraints on transport. raw materials. the swedish flat pack furniture giant said it tried to avoid the hike by leasing more ships and optimizing logistics. but as supply chain tur

the federal reserve, jerome power, leading the charge being definitive, saying the u. s. will end all of its bond buying by march, accelerate. the time table for interest rate increases. inflation may be at a 31 year high, but the us is heading towards strong growth and full employment. and now who's with me? it's so different in terms of their approach total opposites. and the truth is what these different approaches are doing. they're setting the stage for a very choppy 2022 with the fed determine the end as the purchase of dispatch, as possible hike rates as soon as possible, while the e. c. b is more hesitant to ship. so decisively, in that direction, step by step, not a full on rush. all right, james sweeney calling him out from new york. thank you very much. and let's go to some of the other global business stories making headlines. ikea is hiking prices by 9 per cent due to ongoing global constraints on transport. raw materials. the swedish flat pack furniture giant said it tried to avoid the height by leasing more ships and optimizing logistics. but as supply chai

the federal reserve, jerome power, leading the charge being definitive, saying the u. s. will end all of its bond buying by march, accelerate. the time table for interest rate increases. inflation may be at a 31 year high, but the us is heading towards strong growth and full employment. and now who's with me? it's so different in terms of their approach total opposites. and the truth is what these different approaches are doing. they're setting the stage for a very choppy 2022 with the fed determine the end as the purchase of dispensed as possible hydrates as soon as possible. well, the e, c, b is more hesitant to ship. so decisively, in that direction, step by step, not a full on rush. all right, james sweeney calling him out from new york. thank you very much. and let's go to some of the other global business stories making headlines. ikea is hiking prices by 9 per cent due to ongoing global constraints on transport. raw materials. the swedish flat pack furniture giant said it tried to avoid the hype by leasing more ships and optimizing logistics. but as supply chain tu

his name is jerome powell, the chairman of the federal reserve. he has now updated his assessment, transitory, after weeks of being laughed at. he no longer uses that word, transitory, to describe. "it's probably a good time to retire that word." too late, no one believes you anymore. no one who was paying attention. there was only one accurate way to measure inflation and some they haven't figured it out. ask yourself, what does it cost you to live in this country compared to what it cost you a year ago? it's not complicated. do the math and you will see that the actual number, the rise in inflation, is not even close to the 7% that washington is claiming. in the last year, the price of used car for example has gone up by more than 30%. beef prices have risen by 21%. crude oil up 55%. wheat 37%. sugar, 33%. palm oil, 43%. do you drink coffee in the morning? too bad, the price of coffee has risen 108% in the last year. deal at breakfast cereal? oats are up 114%. those are the numbers you see on the label at the grocery store. in addition to conven

todd: jerome powell admitting price hikes are here to stay after the president promised they were temporary. carley: consumer confidence plunges to a 9-year low. griff jenkins joins us with more. >> reporter: chairman powell delivered a reality check on inflation saying it is going higher and willing or into next year and says it is time to stop using the administration's preferred term to stop describing it. >> the word transitory carried a sense of short-lived. we use it to meet it won't leave a permanent mark in the form of higher inflation. it is probably a good time to retire that word. >> reporter: that is a far cry from the president's rosier assessment of things this past summer. >> president biden: some folks worried this could be a sign of insistent inflation. our experts believe in the data shows most of the price increases we have seen were expected to be temporary. >> reporter: since then inflation has soared, the supply chain bottlenecked and americans are feeling pain in the gas pump to the grocery store as the white house maintains inflation will eventually fall. >> our view

so this is a new version, obviously was filmed in the �*60s by robert wise and jerome robbins. so this is a new version by steven spielberg, which on the one hand, it's a reimagining. there is centrally, in terms of the casting, it does away with a lot of the colour casting issues it does away with a lot of the casting issues of the originalfilm. it has a couple of terrific performances. rachel zegler�*s terrific, ariana debose is really, really good. i'm not entirely convinced by ansel elgort, who i think is a kind of slightly weak male lead, but it doesn't matter because the film itself, and i don't mean this as a criticism, the film is really technically skilful, and when you are talking about a dance movie, technically skilful is a really important thing. it's ultra—widescreen, it's 239. the look of the film, you know, it is a period of peace, and the look of the film is very much in keeping with the time of the film. they have made alterations and updates. there is a lovely role for rita moreno that provides the genetic link between the old version that everybody loves

mike: such an important question and i am not sure that jerome powell could answer that because he has all of these tools which he employed it brilliantly 15, 18, and 20 months ago, and timed it out as one of the epic salvage of the u.s. economy missions and one of the best pricing that it has ever done. right now they are in a period where they are losing a little bit of confidence in addition to their persistence with their word -- with the word transitory and a couple of regional presidents has have to resign because of claims of insider whatever. it is a little bit off the fed, and i think it has shown that it has done what does she has done well and trying circumstances. i think it is pretty well inbred in the population as kaylee was just saying -- kailey that we have the wage price spiral inflation which is so difficult, so it is not cut out for him and i do not think he will be advancing the questions. kailey: well, depending on what tools they use, how high would you put the odds of a policy mistake? mike: i do not even want to talk about it. it is at historic levels, and hist

chair jerome powell says price pressures are on the rise. janet yellen discuss what we learned with neil dutta. oil is paring gains and opec kicks off the first day of two days of debate, a planned output increase. we will discuss what we learned that they are and what to expect ahead. the who's chief scientist says the vaccines will likely protect against severe cases of the new omicron variant. we will discuss the commentary that is bringing some calm back to markets. a quick check of what is going on in terms of the numbers. we are in rally mode with the s&p 500 up 1.1%. still not making back what we lost yesterday friday -- yesterday and friday. it looks like the market is better prepared for jerome powell's hawkish tidbit. market shares at 144.94. the u.s. dollar index is unchanged at a relatively high level of 1182. only $.57 to 6675 a barrel -- 66.75 a barrel. something that caught my eye is the turkish lira, the central bank intervening in foreign exchange markets. the lira initially strengthened on the news but has given back some o

it seems on wednesday we were happy with the tough medicine that jerome powell gave us. we are more worried about inflation than we are about the pandemic or omicron variant. we think the economy can get through this challenge. there are concerns from that point. we know some of the biggest cities in the world, the broader read of the american market, down almost 0.5%. tech stocks not getting hit as hard today. for what it is worth, some of this volatility, maybe it's a rebalancing of the s&p 500, the expiration of derivatives. that is a lot for us to digest. romaine: you are old enough to remember when there were four which is back there. this is the last day of the year that you can rebalance, at least if you have large positions to do it. this is a liquidity event. it creates a lot of volatility. it creates a drag down in equity prices. greg: let's bring in julie beale at kane, anderson and rudnick. we were going into today knowing everything was happening out there. longer-term, how are we set up for 2022? inflation is the primary focus. >> i think that is a positive

he's jerome powell, the chairman of the federal reserve. powell has updated his assessment, transitory, after weeks of being laughed at. no longer uses the word to describe inflation. says, i think it's a good time to retire that word, powell said. too late! no one believes you. in fact, there is only one accurate way to measure inflation and somehow he has not figured it out. what does it cost you to live in this country compared to what it cost you a year ago. it is not complicated. do the math and you'll see that the actual numbers, the rise in inflation is not even close to the 7% that washington is claiming. in the last year, the price of a used car has gone up by more than 30%. beef prices have risen by 50%. conventional lumber 30%, wheat 37%. sugar 37%. core and 9%. palm oil 49%. do you drink coffee question what the price of coffee has risen 108% in the last year. do you like breakfast cereal? codes are up 114% oats are up 114%. that's the numbers you see in the grocery store. an informal term that economists use for the stealth shr

jerome viviÓ varios sin hogar, y dijo que hubo un incremento de muertes para darle una residencia permanente a quienes no tienen un techo. la semana pasada 5 personas mÁs murieron por las bajas temperaturas, y dÍas despuÉs de lo ocurrido abrieron dos centros de calentamiento para los habitantes de la calle, se debe llamar al nÚmero 4087600. son cerca de 7 mil personas sin hogar en san josÉ y estos centros tienen 60 camas. libertad pedraza, telemundo 48. >>> nos vamos a una pausa. nesta lancha viajaba un grupo de indocumentados que logrÓ llegar a las costas de california. >>> quÉ tal. sistema del pacÍfico sisgue dejando lluvia en la regiÓn, se quedan con nosotros. vamos a hablar del pronÓstico al regresar. (comerciales) ♪(mÚsica)♪ >>> le quiero contarque un grupo de inmigrantes arriesgo su vida en una lancha para llegar a california. norma riveira nos cuenta que todos terminaron arrestadoeo pero lograron sobrevivir. este bote llevaba a 18 indocumentados, 11 hombres y 7 mujeres. testigos presenciaron el momento de su detenciÓn. >>> llegaron la policÍa, eran como 18, los arrest