killed janet.he loved her. he wouldn't have done that. >> detectives had an equally difficult time convincing the district attorney, who after reviewing the evidence there wasn't nearly enough to get an indictment. >> they're the ones who make the decision if it goes in court. why they didn't do it, i don't know. >> with no other strong leads, the investigation into janet's homicide began to cool. raven had relocated to utah to be closer to his family. which is where, two years later, he met vanessa pond. >> he wanted to move things very, very, very quickly. >> with you. >> yes. >> despite all the things vanessa had learned about raven, she stood by him. in part because raven was very upfront about how police were investigating him. >> he said that they didn't have anybody else to look at, which is why he was the only person of interest. >> okay. wait a minute. you find out that a guy you're going out with was a suspect in a murder is still a suspect in a murder? >> yeah. >> and he gets another dat

janet yellen's pledge to continue to support the u.s.conomy sending the pound in opposite directions and we are joined by asset management global market strategist david lieberman. good morning. always good to see you. what yellen essentially said is what matters is how short the fed is of its goals of full employment and price stability. she pretty much gave the answer away. she said they are about two years from those goals. what are the implications of that? >> when yellen is asked questions about the direction of fed policy, she is trying to be a little more transparent. it's impossible to put an exact timeline on a how long this will take but in interest-rate rises not imminent. they will continue along the path of tapering but will not do anything unexpected. business as usual and effort to reassure markets that they will not be removing liquidity. >> our markets now more confident that rates will not go up six months after the tapering process ends which was what she said after the fed meeting? >> her comments need to be taken wit

we all thought that the meeting was janet yellen's first.urns out that was incorrect -- she presided over a march teleconference wherein they discussed getting rid of the 6.5% guidance. they agreed that the existing forward guidance with its reference to the .5% threshold -- reference to the 6.5% theshold was outdated for employment rate. they did continue that discussion when they met on which timed 19, at almost all members judged the new language should be qualitative in nature. that's what they ended up with, but not everyone agreed. one member wanted to keep the 6.5% threshold we know. ,ne wanted a new 5.5% threshold and a few wanted an inflation floor threshold, but they decided against it. assessing the economy, most participants noted that severe winter weather had held down activity during the early months of the year. they went with conventional wisdom. business contacts reporting a number of weather-induced disruptions, and the general feeling was as we get better once the weather improved. couple star reasons to believe that slac

fed chair janet yellen expected to speak to the economic club of new york.ter words mean for the bond market? futures now host jackie deangelis, and it's about to get under way and it's about yields. >> that's right. yields slightly higher, but under 2.7%. jim, i want to get your take on what yellen could say today. >> well, here's what they expect her to say. there was a couple of weeks ago where she made the unfortunate mistake of talking hawkish when she said six months till tightening after qe. i think the bond market expects her to be dovish. oddly, that could make yields go higher, because it supports the stock market and kind of causes more of a risk on trade. >> rich, what do you think? higher yields, also? >> well, listen, we're trapped in a range, jackie, 2.825 on the downside, well below the 50-day, 100-day, if we drop below, yields will fall. we're probably looking at a 2.50 yield if that happens. >> all right. for more on the 10-year note yield, futuresnow.cnbc.com. >> all right, jackie. >>> we've seen the fed chair deliver k er commentary in th

>>> hiring, china, federal chair janet yellen, the fed chair sends a message to wall street, don't worry about interest rates. >>> and slow moving sector, leading the way on wall street this year, all that and more tonight on "nightly business report" for wednesday. april 16th. >>> good evening, everyone, we begin tonight with ibm and google. they are two iconic tech companies, two big disappointments and two stocks that carry a lot of weight. one of them the dow, the other the nasdaq, big blue's quarterly report out after the market close was another in a long line of revenue misses, income continues to be hurt by sharp declines in hardware sales. ibm earned $2.54 a share, right along with predictions but revenue missed coming in at $22 and a half billion, less than expected. that sent shares initially lower in after-hours trading. morgan brenner has been looking through the report and has more on that. so morgan, as you look through the numbers what do you see as the key takeaway from ibm. >> well, ibm is one of the ones with the bigger numbers, but shares have continued to weigh on th

they basically suggested that fed chair janet yellen and other officials wanted to make it

rich miller and julie bykowicz on janet yellen. julianna goldman on joe biden's trip. margaret carlson and ramesh ponnuru on gay marriage. and ted cruz vs. rand paul. we begin with former secretary of defense william cohen. thank you for being with us. there were some signs of easing. they signed the communiquÉ. the russians and ukranians and the e.u. are you optimistic? >> i would like to be but we need to look at what president putin has done and his declared intentions. he has been speaking as if the eastern part of ukraine is already part of russia. he has talked about the new russia. in his mind, there will be over time some federalization of ukraine which would mean the hollowing out of that government and reducing the ability of the government to really have a coherent state that they can control. i think that is his ultimate goal. he will continue to have his forces on the border and continue to agitate. the united states and the west really is at a disadvantage. >> not much we can do other than sending forces over. will sanctions have an impact? >> they are ha

that came after janet yellen made that six-month. so the long end will go up, he says, when the market thinks there would be more inflation, but not -- >> so that won't happen for a very long time? >> two years or that's a long time. >> if the market believes in janet yellen, it would -- >> i'm sorry. inflation exist foss real people who eat and send their kids to college and occasionally need medical care. >> is that all they do? this whole argument about there's inflation, if you ignore eggs, let's say. listen, if all you do is consume eggs and drive around in your car in circles, there's inflation. >> there's nothing wrong with that. it's normal behavior. it's a sunday and i had clothes on. >> we do need to point out for some people when those prices go up, it has a greater impacts that for others. what the fed needs to figure out is what's happening in the aggregate, and in the aggregate -- >> the fed needs to figure out who they're trying to help, all right? >> it's not just the fed. if you think about economies more generally.

. >> with those words from janet yellen, stocks took off with a triple digit gain on the dow. >> cutting cholesterol, a new and promising weapon against the fight of cardiovascular disease and the makers we bind it. >>> the devastating problems general motors has gotten worse. gm expects to take a massive 750 million dollars charge this quarter for the cost of recalling and repairing 1.5 million cars with faulty ignition switches. that's on top of a new recall for 1.3 million recalls that may see a sudden loss of power steering and another late recall friday of trucks and suvs for potential problems with transmission coolant lines. the cheer checktive mary barra will testify on capitol hill. late today's her repaired remarks were released and says the auto maker holds itself fully accountable but can't say why it took so long to identify them. with families of the victims expected at tuesday's hearing, look for tense and emotional testimony in the house. meanwhile, on wall street, gm stock fell nearly 1%. it's down almost 16% this year. here is eamon javers with a timeline of the trouble

fed chair janet yellen is getting ready to speak at the economic club of new york. we'll have live coverage with her remarks. in the interim, we want to take you back to the new york auto .how here is the vice president of u.s. operations with our very own car guy, matt miller. >> it's a global team set up in hong kong, and we are moving this way, chasing bmw, chasing mercedes, chasing audi. by 2020, we will be sitting at the table with these guys. >> full disclosure, i went to the grand prix with you in .ustin carstian helped develop the i drove there. had a lot of fun, and it's a great seller for you. is this the way forward to have these incredible technological advances? >> there are two things. first of all, you have to have the technology right. a luxury brand today as defined by technology, but advocacy, so you have to have all that right, but also really good brands have really great emotion. part of the automotive business is that on track performance. we are certainly targeting the young mindset, and that is very racing,racted to f1 anything where there is

did janet yellen repair the damage? >> we have seen a slight uptick in bond yields and a selloff in the stock market -- not a whole lot, but there may be a little bit of disappointment. there was a lot of confusion about when the fed dropped to 6.5% unemployment threshold, with?id they replace it and they have the whole controversy over the minutes last week. she tried to lay out a framework that said the fed's new policy is mind the gap, says our craig torres, watch inflation, watch unemployment, and how far away from what we think full employment might the, which is a little below 6%, perhaps, and that should give you guidance on when we will act. was that too complicated? did she try too hard to explain it? was it to academic? >> and the question about whether or not -- how she would avoid overshooting the goal and -- end up behind the goal behind the curve. what was your biggest take away? >> i think in washington, it to those comments that will get the most attention. as you know, there are a lot of republicans in

nbc's janet shamlian has more from willows, california. janet, good evening. >> reporter: hi, carl. what's left of the bus and the truck have been moved here. investigators aren't close to being done with them, but they have learned more about this horrific accident. an important clue from the charred shell of the bus, investigators have found the black box-type device. but the more critical one from the fed ex truck was incinerated in the fire. >> we can look at aspects of steering and other pieces that did survive to possibly get a sense of the speed range and the revolutions of the wheels, to maybe even know the direction they were in. >> reporter: the ntsb says there were no skid marks from the fedex truck, indicating the driver never hit the brakes. did he fall asleep or suffer a health problem? investigators are looking at everything, including cell phone records and his schedule the 72 hours before the crash. blood samples were taken from both drivers, sent for alcohol and drug testing. >> i could hear screams of people who were trapped inside burning alive. they were screami

i will get to janet yellen in a moment. first let me talk about housing.ousing starts, now, these measure groundbreaking activity for new hose. they rose 2.8% in march to the fastest pace so far this year. >> that's a monthly number, monthly gain of 2.8. permits to build houses, a barometer for future construction activity fell 2.4%, dragged down by meulti-family homes. they are apartments, how you might think of them. industrial production, i want you to see this, messuring the output of industry, mines, factories, it was un7/10ths in march. the february number -- a lot of these numbers are revised when we get the next month's number. february was revised up to 1.2%. when you take the first quarter all together, industrial production grew 4.4% in the first three months of the year compared to the same period a year ago. it's pretty impressive number. one that supports federal reserve chair janet yellen's belief that the economy is making, in her words, very meaningful progress. i went to the economic club of new york this afternoon to here her talk about

michael mckee has highlights of fed chairman janet yellen's remarks. but begin with peter cook and the fed's latest take on the u.s. economy. good afternoon. >> the fed's beige book being released at this hour. the economy continued to expand and most of the country. businesses rebounded from the rough winter weather. some of the key highlights from within this book compiled by the richmond fed included economic activity through april severed overall economic activity increased in most regions. reporting moderate or modest expansion. cleveland and st. louis reported declines. i consumer spending providing some of the overall lift to economic activity, specifically consumer spending increased in most districts as weather conditions improved and foot traffic return. auto sales were up in new york, philadelphia, richmond, atlanta, chicago and minneapolis. we will change from a year earlier in kansas city and cleveland. tourism was generally positive in most districts. --s mixed in th manufacturing improved in most districts. it was mixed in richmond. how

quiet you haven't been janet yellen'sut dovish tendencies. "i just read janet's speech in chicago today. holy dovish pizza, batman." it can only get more hawkish from here. do you think today's jobs report proves that these problems are going to continue? >> i think today's jobs report phase right into the themes that janet highlighted in her last speech in chicago where i alluded to deep-ish pizza. there is a very large increase in the amount of people coming into the labor market and getting jobs and a lot of that all caps or the participation rate because the unemployment rate did not go up. there was somewhat disturbing news on the part-time workers versus full-time workers. it still proves this point that it is very debatable. i don't know the answer to it or anybody who knows the answer to it. there is a lot of slack. that's like is waiting to come back in. the fed believes that, if it runs a little healthier, you will bring in those people who have been hurt so dramatically. >> how can you get any more easy than the way we have been in

janet yellen made her position very, very clear.a lead time, approximately two years is what she said it is going to take to get employment back to where it was. janet yellen keeps her eye in terms of what is going on in the .s. economy. the c.e.o. of sat, he missed on all of his metrix. sales. a whole wave of them. down 3.29%. basically what he said is yeah, i can see correlations between what's happening now and what happened back in 2000. there are a number of companies, not all companies that, have top line growth but are not producing profit. if anybody is not familiar with what happened in 2000, have a look at a couple of charts. a little bit of a change in direction. u.s. equity futures, tom keene, royal watcher extraordinary on bloomberg keeps an eye on what's happening with baby george and the duke and duchess of cambridge. down .25%. those are the key issues, francine. back to you. >> with the royal correspondent appointment, we really have all of our goals covered on bloomberg tv. there you go. coming up, wu-tang's one co

we had janet yellen yesterday. we are watching a couple of corporate and we're watching ukraine and russia. >> you did not leave me much. go back and look at bloomberg.com and look at the bill mcdermott interview. -- thisd the similarity could be what the year 2000 was intact. -- in cap. -- tech. china might be reducing the reserve requirement. we will take a little bit of gas out of these markets. if you've are going to be out of action for four days, how much risk would you want to leave on the proverbial table? shift inof an historic .lobal geopolitical relations how much risk would you want to leave on the table if you are an active trader? the fed willsays stay fully engaged in lower rates potentially up to two years. inflation and jobs are nowhere near where i want them to be for the federal reserve targets. i call that the yellen express. bill mcdermott called this year not dissimilar to that of the year 2000. the s&p down three percent. rebalancing or cannibalizing? cannibalizing the current business, softw

janet, no slack in the american economy. paul krugman notes a need for immediate stimulus. forget drones any tools who wear cool glasses. google misses on mobile. good morning, everyone. this is "bloomberg surveillance." we're live from our world headquarters. i am tom. joining me adam johnson. olivia sterns event for scarlet fu this morning. very important, incredibly busy day. let's get right to the brave. >> the brief is brief because overnight we learn that japan's consumer confidence joined to drops to the lowest level. that is your only economic number overnight, but that is plenty inave america. 9:45, homework consumer comfort index, 10:00 the philadelphia fed business outlook. all that is coming up today. and we have a ton of earnings, morgan stanley, goldman sachs, pepsico, and the ge. >> let's do a data check. we look at stocks, bonds, currencies, a lot of these. 2.63,s -5, 10-year yield, euro does nothing, $1.3860. 2.mex, nothing, down to $103.9 there is the data check. let's go right to front page. it is an incredibly busy morning. we can go five hours for you t

. >> peter barnes is here for janet yellen. 4:00 o'clock show with liz claman. i thought i would be part of the company, but i am a company of one. stuart: back to lauren on yahoo!. digging into allie baba. yahoo! owns what? how are they doing? >> great. the issue is the numbers are a little bit late. this is for the end of last year. $3 billion. we are talking about what could be and probably will be the biggest ipo in the u.s. yahoo! has the option to sell a 10% stake in the ipo. that will be a huge windfall for the company. stuart: thank you very much, indeed. look at the big board. 16386. that is a nice rally. just .75%. we have another rags to riches story for you coming up. the man who runs a chain of gyms. it is called retro fitness. coming up next. ♪ we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink

as janet yellen toured the city colleges of chicago. she applauded the inexpensive... short-term program.. teaming up business professionals and academics to try to close the skills gap... but said such efforts aren't enough to lower nagging unemployment -- declaring the fed's 'job is not done.' "i think this extraordinary commitment is still needed and will be for some time." yellen "also" told more than a thousand community development professionals that the fed has its eyes on 'slack' in the labor market. that's when the pool of "skilled" workers seeking employment.. outweighs the jobs available. " no amount of training will be enough if there aren't enough jobs to fill." the fed head hints that interest rates will likely remain low until unemployment declines further... an attitude that turned into a market mover. "today's rally suggests that longer easy monetary policy is in store for the market, and that's why equities are going to outperform." yellen's comments contrasted those implying a tightening of stimulus a few weeks ago. "if we look at what we need to get

this is a ringing endorsement of janet yellen, no?> i mean, what more else can you hear from the woman? quite palace able the fed hits the jobs and inflation goals by the end of 2016. >> and she's worried about inflation running below 2%. >> she's holder her hand at this point. it doesn't get any better than this if you want to gauge the intention. >> if you believe the fed gives a push to the market and helps out stocks and assets. >> i couldn't think of a clearer statement. at any rate, fairly modest reaction, maybe that was the right thing. >> you can see down a bit, then back up. same with the ten-year yield. we haven't seen a big move in the ten-year so far this morning. that is a blank chart, a zen chart we call it. that's a multimonth chart. market leaders today, bifurcation, looks like january if you look like -- we're having some trouble with the charts. biotechs and airlines are leading, and we're seeing semiconductors and gold stocks to the down side. will the be -- i want to know, too, michelle, earnings haven't mattered t

are we supposed to listen to every word janet yellen says and assume that is where everyone stands?e just heard john explained there are a lot of different viewpoints out there. >> the key thing is that ben bernanke was communicating a simple message. we are not hiking. messages a more complex -- janet has a more complex message, that we may start hiking over the next few months. start focusing on the inflation numbers. that will be the key. >> unemployment is not dead. in the summary of economic projections, the expanded version that comes with these minutes, there was discussion about everyone but one member thought it appropriate to raise the fed funds if the unemployment rate went below 6.6%. so there is a soft numerical guidance in the economic projections it has those words were picked out for a reason. >> until we get to six new -- to 6% and the economy is not healthy and not growing at a clip that they would like to see -- >> it was interesting to see -- one of the interesting nuggets in the minutes is that there is a real debate about the unemployment rate and whether or no

thanks, janet.k me, send it my way on twitter or facebook. that's it for today. thanks for joining me. until next time, i hope you're learning to be more of "a healthy you." >>> fox news alert, one person in custody, a suspect taken into custody there at overland park. multiple shootings at a jewish community center in kansas. at least one person killed and a second in critical condition after a gunman opened fire outside the jewish community center of greater kansas city in overland park, which is near kansas city as children were auditioning for a talent competition. the shooter apparently moved to an assisted living center blocks away called village shalom. that facility has been taken off lockdown. wi

nbc's janet is in chico, california tonight with more, janet, good evening. >> reporter: carl, good evening to you. it is going to be a pain-staking process. the intensity of the fire, inferno has left investigators with little to examine. they are going to be doing mapping with 3d technology to recreate how it happened and whether it could have been prevented. it is true detective work for investigators who are still sifting through the accident scene. the inferno and tractor trailer leaving them little more than charred shells may have stolen vital clues, electronics that indicate speed, braking and overall performance. >> because of the post-crash fire, there is not much of anything left. we will be looking for an electronic control modular that might exist. for example, in the bus we have to look for that. >> reporter: an new eyewitness account could be significant. it comes from a couple who say they were sideswiped by the fedex truck before the accident. >> we were 150 yards down. >> reporter: they say they saw the truck on fire before it hit the bus, something investigators say could

all about janet yellen looking at the part-time issue. it does not matter.f you work part-time and you want a part job -- part-time job, good for you. if you work part-time and you wish you begin full-time job , but you can't commit that is where it matters. caress what janet yellen about. >> the fed's taper schedule, as far as that is concerned, anything in the march numbers that would alter that schedule l? >> not at all. and that is so locked in, even bill dudley says that gdp would have to be five percent are present for us to change our past. that is saying we are not going to alter, they want to be in the -- out of the business of qe. i think it is a done deal. us.hank you for joining next, bottom line continues. ♪ >> we're approaching 26 minutes past the hour, that means a bloomberg television is on the markets. our calling matt miller is standing by with the details. on a day where we got that jobs report with the mark critz -- that jobs report, the markets are lower right now. >> we have stocked down across the board of the nasdaq really taking a di

investors may be listening to comments from janet yellen.o clarify remarks she made last month about when u.s. rates might start to rise. >> more welcome to you. welcome to the trading day here on cnbc. after the gains we saw yesterday, the nasdaq and s & p are briefly negative. to date, futures indicating pretty flat start. undecided is really where it's gone. that vigt on fair value. s&p 500 is now two points below and the dow at the moment is also 26 points below fair value. dax is off 1%. down off the lows of the session. we did see the expectations index about half an hour or so ago. it is below expectations. current conditions are very strong. inflation in the uk is down at the lowest levels since october 2009. the annual rate of inflation 1.6%. we should see average earnings tomorrow coming in above that rate for the first time in a long while. average earnings above inflation in the uk. paris is down .5%. in italy, down 1.5% as well. quick recap of asian markets. a little bit nervous ahead of the gdp number we're going to get out tom

gillian, you saw janet yellen speak this week. she said interest rates would continue to stay low for a long time. the market took that as good news. was there any real new news here? >> it was a speech that was really designed to reassure. aimed at the american people as much as the investment community. because she went out of her way to show that she really cares about unemployment. and the key takeaways were firstly that she does not expect an imminent further tightening of monetary policy. she did mention they would carry on with the taper but there was a strong sense that she's not that concerned about inflation. she wants to provide support to the economy. and the second key takeaway was that she really is not in the camp of people who think that the rise in employment, the fact that unemployment is coming down, is going to put any upward pressure on prices soon. >> we can imagine that the fed is there for a long time, the market maybe this week started to look at that as like go goldilocks. we can have our cake and eat it,

could go either direction, and what we've had rather positive news today, janet yellen's rather dovish speech earlier and the beige book was rather constructive as well. >> a huge day for earnings after the bell. google, ibm, american express all reporting, and all could be big market-moving events. information first. top analysis. stay tuned because when the bell rings then the real action may just be starting >> exactly. more after the bell news today called babe weibo. will weibo disappoint? we'll take a closer look. this is the canary in the coal mine stock to see how that sector is doing in the market. >> absolutely. here ewhere we stand. dow up 140 point to about 16,400. meanwhile, the nasdaq, up almost 1% or 38 points to 4072. pretty big pop off of the lows of the session. the s&p 500 broad market index adding 15 points, .8 of 1%, if 1858 is level this hour. >> all right. let's talk about today's markets, where we're going from here in our "closing bell" exchange with abigail doolittle and jack bouroudjian from index financial partners in chicago and peter anderson from congress

there is information that it's data -- >> janet yellin was painfully even ha evened. she wanted to convey the message lower for longer. she's had an easy entry to the job in the since that the payrolls data haven't been so strong to worry people nor so weak to worry us. >> so your point is she's still untested to this point. haven't seen any significant hardships to get through. >> in our economic forecast we think last quarter was tracking at 1% annual rate and we'll be closer to 3.5%s in the second quarter. when we start getting those monthly numbers consistent with 3.5% expansion in the economy and the headlines start with the 2 or 3 on nonfirm payrolls that will be associated with testing of the fed. >> jillian, let's talk about earnings season. i've been pleasantly surprised, not everybody but a lot of the companies have been coming in with numbers that are better than expected. what do you think is happening here? >> well, it's very interesting indeed because as far as earnings are concerned you're basically looking at the same big question that you're looking a

janet yellen talking about a stronger economy.rack record in terms of predicting economic future and outcome in the u.s. so if we get a stronger economy, the industrial uses increases. then a fault in unison with gold a little bit. struggles at that point. >> joining us of the cme. thank you to ken hoffman joining us from bloomberg industries. on the markets again in 30 minutes. coming upakers" next. stay tuned. ♪ >> live from bloomberg thisuarters in new york, is "market makers" with erik schatzker and stephanie ruhle. >> recall debacle. gm recalls more than one million more cars. heading to the hilt to explain why the company ignored a this is "market makers" with erik schatzker and stephanie ruhle. defect that killed 13 people. you will hear for live from the chairman of the committee holding today's hearing. defense. a high-frequency trader is here to tell us why the system is not rate and why he says michael lewis's new book is dead wrong. >> cautious proposals. if you thought ballpark hotdogs were expensive, you will not bel

when janet yellen spoke about it, there was a market panic to some degree. but i think that raising of fed funds rate is quite a ways off in the future, maybe a year off. that's going to be just fine. but when we get to the end of easing, the end of tapering, there's going to be questions about what happens with the interest rates and that's going to be your best opportunity to get into the stock market, to make your plans, to be opportunistic, to get involved with the companies like industrials, technology, financials, that's your best play in this market. >> all right, thank you so much, bob. chief market strategist of danny and partners. >>> if jobs are one of the economic engines, housing and the consumers are the other two. how they are holding up as the weather heats up, that's next. >>> lingering winter weather means that the market hasn't gotten off to a running start. first it was the weather. now though increasingly the blame is going to a tight mortgage market. so tight that it's keeping many potential buyers locked out of homeownership. our real

here on wall street, investigators as liked what janet yellen said. the dow rose 134 points.daq added 43 points. >>> the fbi has begun a criminal investigation into high-speed trading here on wall street. we told you about this yesterday. "60 minutes" first broke the story during an interview with author michael lewis on sunday. he made the bombshell claim the u.s. market is rigged to benefit a few insiders. the fbi now says they're looking into when these high frequency traders manipulate stock prices. >>> for the 17th time since 1977, the senate passed another medicare doc fix. it blames a 24% cut to medicare for doctors for one more year. it also extends other health care provisions. the house passed a similar measure last week. president obama is expected to quickly sign the bill. >>> and soon you'll be able to see much better when you back up. the government said yesterday by 2018, all new cars and many light trucks will have to have a rear view camera. 210 people die each year from backup accidents. another 15,000 are injured. the new rear view system will cost about 14

it is not like janik yellen. -- janet yellen. mr. does not think the federal reserve chairman go out with workers and people who are less than multimillionaires. he'd think she should eat caviar with his wall street pals. that is an offensive view. means isaul singer that this is not the kind of thing the federal reserve chair does. she is making a political tour. she is doing a little pr. >> i'm sorry, he's wrong. >> she doesn't need to be doing this for the cameras. >> that is historically wrong. some of thatn did and paul volcker did some of that and ben bernanke did some of that. the federal mandate has a dual mandate unemployment and inflation. there is nothing in the statute that says the federal reserve should only spend time with wealthy market investors. it's important the federal reserve spends time with real workers. >> this brings us to the larger issue of income inequality. this resonates with a lot of people. are you hearing people in d.c. talk about income inequality? >> it is and i feel guilty. this book is clearly a

major janet nieves ayala. when i first met janet at walter reed when she was recovering from an injury she received in iraq. as some of you know, when i visit the troops i often mark the event with handing out coins with the seal of the president. all men think your coins are the best. i don't. i made a bet with them that there was a coin that can trump yours. i said what are you talking about? she said, i want the first lady's coin. the first lady's coin would be yours. it is true that the first lady trumps me, but janet says her proudest accomplishment is being appear mentor to other wounded warriors. she says that during her recovery i was definitely being carried. now i feel like i'm helping to carry others. i want to thank you, janet. this ride is first and foremost for these incredible riders, but it's men and women like john and luis, and cedric and janet and all of you who make the the ride so special for all of us because you inspire us, you inspire the country some of whom will be out cheering along

janet yellen using language like , it is aboutflak on picking your way that.rise six months after we finish tapering. she will never make that mistake again, will she? >> maybe it was intentional. very much indeed. we have already indicated it is jobs day. withouriel roubini will be us. he has given us an exclusive. we will get his take on what is happening in the united states and the story in europe. >> it is time for another bloomberg exclusive. we have been speaking to u.s. defense secretary chuck hagel about the crisis in ukraine. either cook asked him if he thinks russia will back down. >> did the obama administration misjudge vladimir putin and the challenge posed by russia going forward? >> i do not think anyone misjudged vladimir putin. let's go back to 2008, when president putin invaded georgia. this is not a particularly new approach that he is taking. what you always have to do is you have to always be prepared for any contingencies, any possibilities. i do not think it is a matter of misjudging putin. what is and tensions were, why he did what he