talking about world war ii a book i highly recommend for you is one by frank sharely. i don't know if you're heard of him in world war ii. but he wrote a book on what happened on the first of november when he had an attack by the japanese at pearl harbor. in that book he has a forward by somebody who you do know now. and that's general p.x. kelley. so i highly recommend it, of course. but not necessarily the forward but the book. but the forward is interesting because what he did first his son worked with me he asked me to give him my observations of a young 14-year-old boy when he heard that the japanese had attacked pearl harbor. so what it is, is the vent he used of the boy, a small boy and what he thought of world war ii. and what he saw of the things that happened. i became as an example an air raid boy, believe it or not, at 15 years old. i had to go around to all of the local houses in our area and have them pull down their shades at night so the japanese or germans couldn't see the views during afternoon or evening. these are the crazy things that we -- not cra

frank said would be fair. he was right. >> as americans, we don't mind paying our fair share of taxes as long as everybody else does too. encourage fair competition and make sure everyone gets a fair shot. to give working families a fair shot is not fair to them and sure not smart for our future.

dollars because the dollar is stronger than the swiss frank now so let's look at shares of novartis and roche as well as credit suisse bank that ended higher an a percentage basis today. >> and u.s. markets, stocks overall ended today with another triple digit loss for the dow after more disappointing bank earnings. we get to those in a minute and weaker than forecasted economic data. initial jobless claims last week rose by 19,000, the greatest number in 18 weeks. more seasonal workers than expected cut loose after the holiday season. and despite lofty inflation targets by the fed, wholesale prices in december fell by a third of 1% the largest amount in three years because of the tumble yes, in oil prices and with that the dow was off 106 points. nasdaq down 68. lower now for five days in a row. the s&p 500 down 18%, closing back below the 2,000 mark. now with all the upset in the currency market today, treasury prices climbed as investors clamored into safe haven. that pushed the yield on the benchmark ten year note lower to 1.72%. >>> and more now on those disappointing earnings from

in the spirit of billy frank junior and all those who share a common progress and common prosperity. may we work together to make progress together and build a bright future for all americans together. when we uphold this trust, we uphold the promise that our nations have always represented and the promise of brighter futures for generations to come. god bless the tribal nations and the national congress of american indians and god bless the united states of america and go seahawks! [ applause ] >> thank you, president for that powerful speech, and i guess you can recognize the lines that weren't prepared for the speech. as we do every year we invite a member of congress to do the congressional response. and this year we're really pleased to be able to be joined by senator john barrasso. he is the new chairman of the senate committee on indian affairs, a committee that we work very closely with. chairman barrasso has a long career in medicine and public service and has served the people of wyoming as senator since 2007 and is the fourth ranking republican membership. please help me w

plunged after it lost $200 million on the frank forcing it to seek a bailout loan just to stay in business. today, shares plunged even further down. another 87% after we all learned the terms of that loan it received from leucadia national corp. a staggering 17% annual rate on the $300 million loan. >>> a big win though for big credit card companies. the u.s. supreme court upheld a lower courts ruling regarding the so-called swipe fees every time a debit card is used at the checkout counter. the highest court declined an appeal on the national retail federation arguing a 71 cent per swipe cap set by the federal reserve years ago is still too high. that story may be finally over. >>> finally tonight, a heated public hearing in new york city over a company that has shaken up the hotel industry. officials are trying to decide whether air b&b's short-term rentals are legal and whether the popular service is taking some much needed apartments off the rental market. kate rogers has our story tonight. >> reporter: the sign of a truly disruptive kaine is ive company is railing with the establishment. ride sharin

now frank purdue's widow is sharing his wisdom and tough love management style to help bugged entrepreneurseurs. it is in her biography called "tough man tender chicken." good to have you with us. my wife cooks out of your cookbook the perdue chicken cookbook, particularly the chicken picatta. >> out of that entire cookbook that was frank's favorite. i made it loads of time. >> maybe because you say he was a simple guy. it's a simple recipe. >> straightforward. >> you loved his leadership. reading this book it is life lessons, it's list lessons. what was it like being married? the king of all chicken here. but his leadership had to be astounding. >> one of the greatest factors in frank's success even a big factor in his leadership was that he was a teacher. in fact, nigh personal opinion having interviewed 134 different people on this, his success in building the company from a father and son operation to 19,000 people by the time he died, that that was based on his being a teacher. he was able to inspire and teach people how to do it right. >> i tell you what let's glean some of the tips o

shared fiscal concerns. they have been generous with their time, and frank with their advice. tomorrow, i will present this legislature a proposed two-year budget that will be in balance with revenues exceeding expenditures each of those fiscal years. and we will continue our march to zero income taxes. we will do this because the states with no income tax consistently grow faster than those with high income taxes. there may be some who consider this course to goal. while i am the sort of guy who would have sent alex gordon from third base. getting our income taxes 20 represents our best opportunity. they represent our best opportunity for long-term growth. i propose this budget as a starting point in your deliberations. i understand and appreciate fully that the power of the purse is yours, and does not belong to any other branch of government. you are good with that one. that is in the constitution. in my travels around kansas, i found what i expect most of you have with your visit with the people we serve. i love kansas and iowa kansas. they are thoughtful, decent. they pri

investors like the ebay move, its shares up 4% in the early going. frankk to you. >> thank you, jason brooks from kcbs news. >>> time now is 6:46. let's get a check on the roads with elizabeth. >> thanks, guys. it's been kind of quiet the past half-hour. we keep waiting for maybe a new accident or incident to come in but fortunately, we really haven't seen anything since about 6:15. so here you go. we have congestion on highway 4 bogged down from antioch past the pittsburg-bay point exits into concord. there is no reason for it. no accidents. just a lot of commuters. here's a live look at our sensors. a drive time for you coming through the altamont pass in livermore valley, just sluggish slow-and-go -- actually cleared out a little bit from the altamont pass to north livermore and now just all yellow sensors pretty much straight on out to the 205 split all the way out to the 680 dublin interchange. traffic westbound once you reach the dublin grade, it clears. we have been watching power outage at one point affected 4400 customers around san francisco. the

. >> we need to have a frank discussion in congress about what tools we're going to allow our intelligence to share around the world? what kind of information are you going to be able to share? that's the next step our congress is going to deal with. western european governments are frustrated and angry with the united states, same in brazil. we have an international problem when it comes to the tools that we're allowed to use to try to fight back and find these types of cells before they strike. >> we have two islamists on the run. clearly they're being helped. >> extremely good training. >> do we have the intelligence to kimberly, last word. >> it's a long time coming. this is isolating people. it's creating these hard lines between racist ethnicities and religious religions. it's not bringing us together and it brings fear and violence because the youths are being radicalized radicalized. they're not just talking about it. >> the muslim's reaction to the massacre in paris. next. what if one stalk of broccoli could protect you from cancer? what if one push up could prevent heart disease? one. wis

the result, the french -- the frank sort against the euro and the dollar. exports will cost more. sharesanies fell i double digits. the fourth-quarter profit fell 11% at bank of america. they have been hurt by a slump of fixed income trading. it happened over at citigroup. profits plunged 86% because of lower trading revenue. a proposal is out there to rein in high-frequency trading. the top democrat on house budget committee says the u.s. should work with europe to impose a fee on financial architect action. chris van hollen says a lot of money is skimmed out of the system. he wants a 1/10 of 1% charge on all transactions. we have to turn to hollywood. birdman and the grand budapest hotel have been nominated for nine academy awards. bird man is the story of a washed up star try to revive his career. it stars michael keaton who is the very famous mr. mom. grand budapest hotel is an oddball comedy by west and -- by wes anderson. the oscars will be handed out february twice i can. what do you think about that? >> i have not seen birdman. i love ran budapest hotel. i like rushmore. >> when

shares are up 2.5%. investors like the move to get out of canada. michelle and frank, back to you. >> all right.rooks from kcbs news, thank you. >>> 6:46. a little boy who survived a 230- foot plunge off a cliff was reunited with his rescuers at children's hospital in oakland. 4-year-old sebastien johnson from santa rosa watching from the wheelchair got a big hug with some of the bodega bay firefighters who saved him after his near fatal fall back in november. >> i'm glad he is doing so weather. just didn't -- a lot of emotions. >> i'm glad he is doing so well. just didn't -- a lot of emotions. i'm glad i did. >> sebastien is the hero. to be able to survive and walk is amazing. >> sebastien's family thinks he will be able to leave the hospital in the next few weeks. >>> a demonstration planned for tomorrow will likely make a mess of the morning commute. kpix 5's anne makovec is live in san francisco to explain why protests may disrupt the commute for thousands of bart riders. >> reporter: this demonstration is planned for 7:00 tomorrow morning here at the montgomery bart station in san francisco

franks per euro and dramatically lowered interest rates. traders sent it shooting up by nearly 30% against the euro that dipped below the 1.6 level trading at 1.1678 roughly. investors reacted to the news by dumping shares and wiping out gains against benchmarks. they soon started buying again and we're seeing the situation is pretty volatile. markets are fluctuating and without the exception of frankfurt in the negative right now. frankfurt up about a tenth of a percent. we saw a rebound include oil prices. shanghai outperformed the pack ss. num by was 2.6% higher following a surprise rate cut and tokyo seeing a rebound of 1.9%. the dollar is losing a bit of ground against the yen. it fell below 117 during tokyo trading hours. official at the reserve bank of india have cut the key interest rate for the first time in a year and say inflation shows signs of slowing and global oil prices are plunging. the bank cut its main lending rate by.25 percentage points to 7.75%. officials kept the rate at 8% since last january. the india economy has been growing because price ss and spend ing are problems. bankers decided to cut the interest rate ahead of their policy meeting next month. the governor indicated more

frank sinatra. well, are you making a new year's resolution? send it to us on facebook twitter or e-mail and we will sharetesters in new york using the new year's celebration to have their voices heard. nearly 100 people marching from union square to midtown expecting to continue their demonstration in times square along with new year's revelers. but police not allowing them to enter. it was already packed with people. >>> embattled new york mayor bill de blasio trying to make good with the nypd. with the mayor announcing a proposal to name two streets in brooklyn after officers wenjian liu and rafael ramos who were shot to death in their police cruiser on december 20th. it may not be enough though. another banner look at that, bashing de blasio, flown above the hudson river urging him to apologize to the nypd. >>> extreme weather now, talk about a new year's surprise. it's a rare sight, real snow in southern california? more than 180 drivers had to be rescued after getting trapped on a highway. just look at these frozen palm trees near san diego. >> that's amazing. and the rare snow also causing problems

share your reflection. let me go back and thank you again and all those who worked on dodd-frank and continue to work on it the fact that an agency like this was created and established to look after the middle class in this country, the average consumer and to recognize that they make choices every day that affect their lives, some are difficult choices they don't fully understand some are choices they make all the time. they could be in a position to do that better and improve their lives financially, that is significant across the country and we recognize that as our mission and it is what motivates us and makes it a pleasure to go to work every day. thank you. >> thank you for the work and all your colleagues do. [applause] [inaudible conversations] .. >> on monday, martin luther king jr. day, cornel west profiles african-american

shared physical concerns. they have been generous with time and frank with advice. tomorrow i will present to the legislature a two-year budget that will be in budget with revenues exceeding expenditures each of those fiscal years. and we will continue our march 2 zero income taxes. [applause] -- to zero income taxes. [applause] we will do this because the states with no income tax consistently grow faster than those with high income taxes. maybe somebody consider this course -- v the sudden consider this course -- there may be some who consider this course too bold. but i of the kind of guy said alex gordon from first base. [applause] this represents the best opportunity for long-term growth. now i propose this budget as a starting point in your deliberations. i understand and appreciate fully the power of the purse is yours and does not belong to any other branch of government. [applause] did good with that one. that is in the constitution. [laughter] in my travels around kansas, i found what i expect most of you have during your visits with the people we serve. i

share of victories. the names change but the circumstances done. once again, new england is the favorite. but that doesn't faze the ravens. frank has the pulse. >> reporter: this ravens team is loose but focused. they are up to it when they visit the new england patriots. >> we are focusing on executing at the highest level. we want to stack good days of preparation leading up to saturday's game. >> fresh off a road win over the steelers in pittsburgh. they have to do it again in foxborough. >> i like it. osteogens the world type mentality. >> the ravens defense will have to click again against the patriots. >> everyone knows if you don't win this one, there is always tomorrow. everybody is coming in prepared to work. >> and then there is the quarterback matchup. joe flacco. >> yep, and there is that guy named tom brady for the patriots. >> he is one of the best. i think joe, you know, i heard the stat after the pittsburgh game. all the touchdowns. wow. >> reporter: if you remember, they knocked them out in the afc title game. the ravens know this is doable. they just have to do it. wusa9 sports. >>> easier said than done frank

share. you heard yahoo! come out. they don't have impact. they have been leveraging our technology to be quite frankor years now, that is not the story there. they're not going to have impact. there are companies out there doing really well, that understand their exposures and know how to mitigate it, not simply hedging which is inexpensive. another good topic to talk about, just understanding what do they do intern thatly. -- internally. they figured out how to do loans against it, prologics. this is mind-boggling at times large corporations still have problems. this is complex, understood but at the end of the day there are platforms like fire apps out there who help these companies solve. that you and i talked about this. dave, we talked about this for what, three, four years, companies like google have this figured out, accenture, keep going down the line yet you still see some large companies like 3m taking these hits. david: wolfgang, let's pull back and look at economic policies, specifically fed policies. whenever the fed raises rates that will strengthen the dollar even more, now at 11-year

shared fiscal concerns. they have been generous with their time and frank with their advice. tomorrow i will present to this legislature a proposed two-year budget that will be in balance with revenues exceeding expenditures each of those fiscal years. and we will continue our march to zero income taxes. [applause] >> we will do this because the states with no income tax consistently grow faster than those with high income taxes. now, there may be some who consider this course too bold. well, i'm the sort of guy who would have sent alex gordon from third base. [applause] >> getting our income taxes to zero represents our best opportunity. it represents our best opportunity for long-term growth. i propose this budget as a starting point in your deliberations. i understand and appreciate fully that the power of the purse is yours and does not belong to any other branch of government. [applause] >> you're good with that one. [applause] >> that's in the constitution. in my travels around kansas i found what i expect most of you have during your visits with the people we serve. i

frank's red hot. the company posted weaker than expected first quarter results. the shares down by about 4%.ngs cited here weakness in sales in european markets and linked the decline to impact of foreign currency exchange rates and a things to see develop in the earnings season and foreign sy currency rates as a headwind of the company and they say, interesting here a global marketing organization for lasting memories of workshops and this is what they say. >> i love that. i love that. wd-40, a miracle product. >> it is. i use it on everything. >> truly, a gift. thank you. but again, the share's under a little bit of pressure there. goldman sachs chief economist with a note saying the first increases from the fed could be pushed back to 2016ment this morning goldman boss ceo of the firm had this to say about rates. >> a lot of the world structure has been built on assumptions and i'm afraid that one of the assumptions in the last go around was the assumption that houses prices can't do down by 40% all over the world at the same time. do you think there's an imbedded assumption that interest

shares of microsoft are down 10%. silicon valley firms that deal with pcs a lot, intel down 5%, hewlett-packard down 4.5%. frank and michelle. >> back to you. >> jason brooks from kcbs news, thank you. >>> new this morning, a state senate bill would ban so- called ecigarettes from the same places where traditional cigarettes are currently banned. the bill was introduced yesterday by mark leno out of san francisco. it would ban ecigarettes use in bars, restaurants, hospitals and other workplaces. they are touted as smoke-free alternative to regular cigarettes but critics say they are unregulated so no telling what's in them. >>> let's check the roads with elizabeth. >> thanks, guys. we go out to daly city. i mentioned that emergency crews were still out there and now they are blocking a lane trying to clear this over turn accident that has been on the shoulder. fortunately we are not seeing any delay on northbound 280 coming into daly city. so i guess just early enough that the backups really haven't begun but again one lane is blocked approaching john daly boulevard. westbound 580 slow through the altamont pass

shared performance. it's up 24% but it is trading higher by around 5% in frank fort and will be the out performer today. >> indeed. part of that is because china was the bright spot in it's earnings where revenue grew 70% over the last year. let's get more on that particular part of the apple story from eunice. >> thanks so much wilfred. it was an all around good day for apple today. tim cook actually described the excitement in china as phenomenal and a lot of that is because consumers took to the big screen iphone 6s. that was a main driver today. the revenue numbers came in very impressive for the quarter at 74.6 billion in terms of the iphone sales numbers, 74.5 million but at the same time we were hoping to see a little bit of a break down of the iphone sales figures for china. no much luck. however the revenue figure was also a big number. $16 billion and that was a 70% jump from the previous quarter. now there were people here that were hoping to hear that china had overtaken the united states as apple's biggest market. at least for the iphone. that didn't happen. however there's still many peopl

frank and akmad died so we could live free. this is what hundreds of thousands of our fellow citizens have wanted to express by demonstrating, by standing up on mats to share your sorrow. >> akmad was 40 years old. he had been a policeman for 8 years, and he was working hard for promotion. when the shooting started he rushed to the offices of "charlie hebdo." but the kouachi brothers shot him, first in the leg and then he lay injured and pleaded for mercy, in the head. mourners gathered at a muslim cemetery on the edge of paris near where akmad grew up. >> akhmad didn't deserve this. i'm speaking as a friend of his, he didn't deserve it. and i want people to remember, never again never again never again. >> this funeral has taken on enormous significance in france for one obvious reason. because akmad was muslim, and so were the people who killed them. but their interpretations of islam were very different. to akmad there's no contradiction between his french country and his islamic faith. when the police arrived at this funeral, they will warmly be applauded. and members of the french jewish community were also here. they talked about the recent attacks o

frank, you're on the "washington journal." what do you want top share? quhoip i was in vietnam -- caller: when i was in vietnam on this one particular assignment that we had, i was taken back to the area and i had to qualify with a sniper rifle, and i carried it for three weeks on this one mission up in the valley. when i did finally get the open shot, you know, i just didn't want to take the shot, because i know how it feels when you're looking through a sandope you realize that the person at the other end just has -- can't defend themself, and then this thought runs through your head, man, i'm just killing this person and sometimes you just have to come to grips with it. i'm sure that this guy, kyle he had a lot of demons that he had to face every time he killed somebody and knew that there was no defense for them. there was things that happened in vietnam that when you kill somebody, even if it's a good kill, and they're trying to kill you it's kind of hard to deal with. every time that they send these kids to war you know, they're destroying thousand

share with you which day has the best chance. >> good morning, everyone. it's friday, january 16. i'm michelle griego. >> happy friday, everyone. i'm frank mallicoat.5:30 now. >>> and we begin with some new developments in the fight against terrorism. in europe. there are arrests this morning in germany and france and a raid in belgium in which two suspected terrorists were killed, it preempted a plot. britain's prime minister meets today with president obama in the white house. he says europe and the u.s. face a major threat from islamic extremists. >> we have to remain vigilant and we have to take all the steps we can to beat this evil. >> this morning the u.s. secretary of state john kerry met with the president of france. then placed wreaths at the sites of last week's deadly attacks in paris. >>> bart has a warning for its riders, there could be delays caused by protestors this morning. kpix 5's anne makovec is at the montgomery street bart station in san francisco where the protest is expected to begin at 7:00. anne. >> reporter: yeah. this is a very popular bart station. so a protest here could actually stop trains does have the potential to

frank soaring against the euro. deutsche bank and berkeley suffered $4 million in losses according to people with knowledge of the matter. and shares down after the producers said it needed significant funding for day to day operations to expand the slump. the stock has been following in its longest losing streak since 2011. >> what are the impacts on the euro? i am looking at my euro-dollar page. since the greek election, the euro is actually up. is the bad news priced in already or not? >> i don't quite agree. i don't know what people expected. it was suspected nothing spectacular would happen right away. greece seems to be in a collision course rain now. >> potentially reacting to the scale. >> the debt relief and the restructuring. >> it's ironic. we thought the whole hub part of greece was going to be on the debt restructuring. what is the big issue? wouldn't europe and the euro be stronger if they just let go? >> in the long-term. we would have to get through the short term, which would be catastrophic for many things including the euro. you cannot do this in any smooth way. theoretically you can argue any union would be stro

share your reflections. >> i want to thank you again and all those who work on. frank continue to think about it -- on dodd-frank and continue to think about it. recognize that they make choices everyday in their lives. some of them are typical choices they don't fully understand. others are choices they make overtime. we can help them gain a position to do that better. we recognize that as our mission. that is what motivates us and makes it a pleasure to go to work every day. >> thank you. thank you for the work you and your colleagues do. [applause] [captions copyright national cable satellite corp. 2015] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> ahead of next week's state of the union address and present obama's expected announcement of new home ownership initiatives hud secretary julian castro was at the national press club to discuss challenges to home ownership based by many americans. his marks are about and hour -- an hour. >> good afternoon and welcome. before we

frank dell rio new ceo. the stock is trading down 4 and a half percent. >> thanks megan. sharess we did expect late yesterday. trian a holder of about $1.8 billion worth of their stock is nominating four directors for its board at dupont. a proxy fight not often entered into. known for oftentimes getting its way at least to the extent of getting a board seat. and in case after having owned the stock for 18 months and trying to get one board seat they have been montitor theing the situation and have decided to move forward with a significant fight for a significant company. saying, you know what it's our strategy that is the best for dupont that. strategy dupont will tell you has included any number of divestitures. a has included a significant repurchase of shares. has included finding ways to cut costs at the company. that is all not enough for trian which arguing essentially dupont in its current structure is still a holding company with disparate units that don't allocateal allocate costs properly that would be better off if they were split. in the latest letter talking about

share that next. >>> plus, what do americans want from washington in 2015? frankrs. what you really want and whether the politicians will follow through. that's frank shopping online is as easy as it gets. wouldn't it be great if hiring plumbers, carpenters and even piano tuners were just as simple? thanks to angie's list now it is. start shopping online from a list of top-rated providers. visit angieslist.com today. of >>> fox news alert. there is new information this morning on the muslim killers who murdered 12 people at a paris newspaper office. information that only an expert would spot by taking a very close look at this limited tape. this is the managing director of the world's first counter extremist organization. he was on the u.k.'s task force in the wake of the 2005 london bombing and know what is to look for and joins us from london. let's start with there have been a lot of observations here. the killers seemed calm, cool and collected. you looked at the tape and some of the things you saw, first off, gloves. those gloves in particular tell what you t

frank is trading at close to parity with the euro. >> the country's government warned about the impact of the s&p decision on exports and tourism. shares in swiss exporters went down. the swatch ceo describes the action as a tsunami about to hit the swiss economy. for more on the ramifications and the impact we go live to hans nichols. we are hearing many industry voices talking about this. analysts and the markets were blindsided. >> that was the whole point. the swiss national bank president said that surprise was a key element but it is not playing out well in switzerland. this has a picture of thomas jordan and it says, on his knees before the speculators. that captures the mood here not just in switzerland but also for holidaymakers. about half of the conversations were about how the vacation just got 20% more expensive. you look at what the frank appreciated against the euro. it ended up 23 percent after jumping 41%. it was up 21%. this handled some 1.4 trillion dollars in trades. they said individual clients have lost $225 million and they need to pay back back. yes, you saw action on euro-dollar, on swiss euro. take a look at f

invite you back to come and talk to us again and share your reflections and let me go back and thank you again and all of those who worked on dod frankhe fact that an agency like this was established to look after the middle class in this country, the average consumer and to recognize they make choices every day that affect their lives. some are difficult choices they don't understand and some are choices they make all of the time but to the extent we can be in a position to help them do that better, that is significant across the whole country and we recognize that as our mission and motivates us and makes it a pleasure to go to work every day. >> thank you. thank you for the work that you and all of your colleagues do. [ applause ] >>> tonight join cspan for the president's state of the union address starting at 8:00 eastern and then the speech at 9:00 and the republican response by joni ernst immediately after the speech. >>> and a look at the allentown stage for governor wolf taking over with a budget of $2 billion. the swearing in taking place outside of the pennsylvania state house in harrisberg. state lawmakers and the singers

frank said would be fair. he was right. >> as americans, we don't mind paying our fair share of taxes as long as everybody else does too.make sure everyone gets a fair shot. to give working families a fair shot is not fair to them and sure not smart for our future. aren't just free but are also fair. >> so if you played the i'll have a shot every time he says fair, you're waking up with a headache today frank. >> the problem is, i was on fox last night and that's exactly what i did with my focus group and by the time we were done, i didn't know there were underage people there. but the problem is it should not be that predictable. what we're looking for in the last two years of this administration is someone who understands not ideology, but practical politics and knows how to get things done. and what we heard last night was that a number -- a number of dials showed, ideological politics not practical get it done policy. >> your people said when you brought up the term fair share. was it resonating? let's listen. >> that's what middle class economics is. the idea that this country does best when everyone gets their fai

shared values strengthen the special relationship that binds our countries. britain and america. president obama does as well, as has every president in my lifetime going back to frank roosevelt. obama was observed in 2001 in a speech to the british parliament that are speech of -- that our process stems from our british forefathers. the president went on to say that our relationship is special because of the values and beliefs that have united our people throughout the ages. centuries ago when kings, emperors, and warlords reigned over the world, the english first spell out the rights and liberties of man in magna carta. i thank you. [applause] >> well, it is a great village to be part of this 800th anniversary celebration and enjoy the wonderful hospitality of the law library. thank you to you all for your hospitality. over the past three decades scholars have taught us a great deal about the history of bright stock in the history of the western tradition prior to the enlightenment's. we now know a great deal more about rights, liberties, capacities, and powers. we know cooler over intricate latticework of liberties with the ample expansion handing over the work f

share your reflections. >> and let me just go back. i want to thank you again and all those who worked on dodd-frank and continue to work on it and thinkut it. the fact that an agency like this was created, established, to look after the middle class in this country, the average consumer and to recognize they make choices every day that affects their lives. some are difficult choices they don't fully understand. some are choices they make all the time. to the extent we can help them to be in a position to do that better and improve their lives] financially. that is significant across this whole country. and we recognize that oz our mission and it motivates and makes it a pleasure to go to work every day. >> thank you. thank youtñ for the work that you all your colleagues do. [ applause ] >> legislative work is under way this hour in the house and senate. the house wrapping up the building over haul for the federal process for regulations. still to come the spending bill. the current measure expires in february. that may include language that would reverse president obama's executive action on immigration. over in the senate they have g

share your reflections. >> and let me just go back. i want to thank you again and all those who worked on dodd-frank and continue to work on it and think about it. the fact that an agency like this was created, established, to look after the middle class in this country, the average consumer and to recognize they make choices every day that affects their lives. some are difficult choices they don't fully understand. some are choices they make all the time. to the extent we can help them to be in a position to do that better and improve their lives financially. that is significant across this whole country. and we recognize that as our mission and it motivates and makes it a pleasure to go to work every day. >> thank you. thank you for the work that you all your colleagues do. [applause] >> next, julian castro talks about the challenges to homeownership. and then debate on the house floor about the homeland security departments spending bill. live at 7 a.m. eastern washington journal is live. >> coming up today, the national coalition on health care host a discussion on the pain and sunshine act -- a requirement that drug companies disp

share of the business. and i have been fighting to get the -- i had actually a bipartisan piece in the senate side of what's now called dodd-frank to fix and it's not totally fixed, but the department of justice has a big lawsuit against s and p and i think it's for about $5 billion or $6 billion and it's my understanding it may be settled. i don't want it to stop with s and p, with the one agency. so what i'm -- i'm concerned and s.e.c. did a settlement with s and p on the same practice that still exists. will you take an aggressive approach to holding these rating agencies, inclooded but not limit todd s and p accountable for their role in the financial crisis from before and in their current role what they are doing? >> with respect to the financial institutions including the rating agencies, if i'm fortunate enough to be confirmed, i look forward taking a very aggressive stance in reviewing their conduct not just past conduct but current and prospective so we can prevent these types of harms from occurring again. >> people in minnesota lost their homes, their savings and jobs and millions of americans because of these guys.

shares of home depot on that news. he just became the ceo november 1st. he's also adding the chairman title to his role. >> going to have a frankn the front door of every home depot you walk into. it's kind of the end of an era. he doesn't look as homey and nice. >> he did manage -- if you look at that stock over his term of being there, it was an unbelievable time. >> i know. the previous guy bought the supply chain. do we have his picture? because he was like howdy, come on in. can i help you with something? i don't know. maybe we don't have it. but he was like the barney five. you got me and i'm barney fife. no that's not it. the one in the orange apron where he's smiling. >> yeah. >> maybe reretired it. i want to get chanos in one of those. but only an apron. >> i know who barney fife is. mayberry. >> he was also ralph farley. >> moving on. oh! no wonder we're just stuck here in the mud. the squawk platinum portfolio is back. and now you can go online to cnbc pro on cnbc.com and track the portfolio managers' picks in realtime and read their exclusive analysis and their rationale rationale. you brought us three, jason? >> th

share your reflections. >> and let me just go back, i want to thank you again and all those who worked on dodd-frank and continue to work on it and think about it. the fact that an agency like this was created and established to look after the middle class in this country, the average consumer, and to recognize that they make choices every day that affect their lives, some of them are difficult choices that they don't fully understand, some of them are choices that they make all the time. to the extent we can help them be in a position to do that better and improve their lives financially that's significant across the whole country. we recognize that as our mission and it's what motivates us and makes it a pleasure to go to work every day. >> thank you. thank you for the work that you and all your colleagues do. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2015] >> shortly we'll go live to the national press club here in washington to bring you remarks from the new chair of the national endowment for the humanities who will talk about the e

sharing arrangements with foreign regulators unworkable. h.r. 37 mitigates this problem by removing the indemnification provisions of dodd-frank while maintaining the written requirement and agreement that certain confidentiality obligations will be met. so rather than stripping down dodd-frank as we are so often accused of doing, this change would actually serve to enhance market transparency and risk mitigation by ensuring that regulators and market participants have access to a global set of swap data information. swap market data. as chairman of the house committee on agriculture and co-sponsor of each of these three bills in the 113th congress, i appreciate mr. fitzpatrick's work in bringing these provisions together in a package that reduces regulatory burdens and promotes economic growth. i strongly urge my colleagues to support the legislation and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from pennsylvania reserves. and the gentleman from minnesota is recognized. mr. ellison: mr. speaker at this time i yield to mr. kildee who is a member of th

frank act. report to repairing its ineffectiveness. >> mr. chairman, this bill does not attempt to address those problems at all but target and extreme wind that the subcommittee has identified that can be easily identified. >> i share your concern with your expression of the president saying he we will veto. it has been heard in a bipartisan a bipartisan manner, and we hope that he would hear that. >> thank you very much. i appreciate your testimony. i want to welcome ms. waters. ms. waters, i'm glad your here. well, i assure mr. stivers will understand that. >> thank you for letting me speak on hr 37. mr. chairman, following last week's unsuccessful attempt to slip this nation -- this through the house i am hopeful it has been made clear that such bills should be brought up only after being given an opportunity to robustly debate them which is why i am i am disappointed this legislation is being rushed to the house floor. our committee has nine members that have the opportunity to consider the impact. impact, we have not even had our 1st organizing meeting we are rushing this through the floor without the opportunity to here expert testimony or offer amendments. i sincerely hope their will be an open world where a

share of the business. and i have been fighting to get the -- i had actually a bipartisan piece in the senate side of what's now called dodd-frank to fix and it's not totally fixed, but the department of justice has a big lawsuit against s and p and i think it's for about $5 billion or $6 billion and it's my understanding it may be settled. i don't want it to stop with s and p, with the one agency. so what i'm -- i'm concerned and s.e.c. did a settlement with s and p on the same practice that still exists. will you take an aggressive approach to holding these rating agencies, inclooded but not limit todd s and p accountable for their role in the financial crisis from before and in their current role what they are doing? >> with respect to the financial institutions including the rating agencies, if i'm fortunate enough to be confirmed, i look forward taking a very aggressive stance in reviewing their conduct not just past conduct but current and prospective so we can prevent these types of harms from occurring again. >> people in minnesota lost their homes, their savings and jobs and millions of americans because of these guys.