reform is measured with industrial child labor. it is really predominantly white child labor. either it is northern immigrant of that are natives because of a segregation of the south, they would not hire any of the family. but the children of sharecroppers were the majority. you get this moment where at least half the children laboring during 1900 were doing agricultural work and we would assume that the majority of them were black children. stories they are telling about the dangers of child labor are all about southern white children. childrenrly the poor of farmers. and they become caught up in these narratives about race and suicide. black families in the south are campaigning for their children to be sent to public schools and my children are being sent to work in the field and said. they said, this will lead to suicide in the united states and become one of the key driving forces to end child labor. the reformwhen did movement get started and what precipitated it? julia: there were various factors that precipitated it. there was a lot of concern about the effects of ind

unfair labor practices. over the course of my service in the new hampshire state senate as governor and now here, i have spent considerable time learning about the issues that impact employers and their employees, and i'm really looking forward to continuing our discussion today. the national labor relations board general counsel's peter rob recently proposed a reorganization of region signal offices that would be supervised by agency officials who would directly report to the general counsel. right now, region nat directors who are career employees resolve roughly 85% of nlrb cases without bringing them to the general counsel level at all. these regional directors regularly work with local employers, employees and the unions, providing important perspective when deciding a case. the change that has been suggested by the general counsel would move the decision-making power from the regional offices to agency officials who may be politically appointed and are far-removed from the case and its stakeholders. in

the national labor relations board was created in 1935 by the national labor relations act in response to strife between employees and employers in the industrial workplace. the board has five members with five years staggered terms, and the general council with four-year terms. and this last year this committee approved kaplan and general rob as general council. you've been nominated to fill the vacancy created in d.c. mr. ring, you have varied experience. you work for the international brother hood while attending college. you earned your bachelors from catholic university and received your nomination on january 18th. the committee received your committee paperwork in office of government ethics paperwork on january 24th. based on these documents the office of government ethics has determined that you're in compliance with applicable laws and regulations governing conflict of interest. i'm looking forward to your testimony. under the previous administration the board too often acted as an advocate rather than an umpire. the additions of mr. kaplan and mr. manuel last year helped rest

we haven't changed our labor laws in decades. and so these are the individuals that don't have access to healthcare because healthcare doesn't think about them. these are the individuals that, you know, don't easily fall within the employer/employee structure. and so one of the reasons that i'm so excited about this healthcare proposal is not only that it's going to make healthcare more affordable and more accessible, but it's going to acknowledge that our economy's changing, that this nation is full of entrepreneurs with ideas. and we need to embrace those entrepreneurs and recognize that this small business woman or this small businessman needs to be treated on the same playing field as the big corporations. >> very good. we only have a few minutes remaining and i want the american people to know who you are. i want them to understand why someone would commit their lives to coming in, going through what you had to go through in the nomination process, high do you it? why did you commit your thrive publ -- life to public service

and these are child labor. and so, you know, it becomes the central imagery of capitalism in capital, you know? and i think, again, why that is owed to engels including, by the way, marx's ability to write the book because engels subsidized him, offered him the salary he got while he was writing capital. ironic, it dose the full circle -- it goes the full circle. >> it was really eye-opening to read about the early history of manufacturing in the united states. i was having dinner with someone from rhode island, and i said one of the very first factories was in porticket, and just as england stole technologies from italy, america stole technologies from england. .. >> can you talk about that? >> first francis who was in england came back to the united states to improve english technology. but they were aware that through that political life on lexicon but alexander hamilton had a lot of critics to feel that what distinguishes us with that autonomy that is undermined. so they want to avoid that to disassemble th

first, in the instance i just cited, as well as in the burgeoning labor movement, conservative labor movement, called the american federation of labor, the easiest to recruit were not the most oppressed. it was the skilled and semi-skilled laborers who were the easiest to organize, and of course the hardest to fire. if you have a guy whose job is just to carry bricks, you can replace him. but if you have somebody who is a plumber, you can't just pull somebody off the street. so it is the skilled laborers who are also organizing, but who are also a lot less radical. and something else going on -- a couple of other points i want to make -- is that these are workers, both skilled and the unskilled i am talking about, who are important for what they are not doing. they are not resisting technology and industrialization. they are not trying to fight a retrograde, let's go back to the old days, but they are trying to make the new world more egalitarian and something else going on with the working class in this time period was not just to be political, but to create a working class and revo

high wage labor under sold low weights labor it was called proper labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as a result of this mechanization new labor increased as living standards in order to be able to perform the higher quality were just industrial work jobs but now under industrial technology it's like the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're terry you're turning labor into low quality repetitive sort of omega nism leaper rather than the highly skilled labor that people thought was going to lead from industrial capitalism in the socialism and better living standards fair enough now what's your latest book by the way and junk for jay for junk economics at the latest that's no my latest book i'll be coming out with another one and many are not all see it on the new york times bestseller list i see not seem to love this book up t

using the labor shortage that is tacked about. the fact there is a record low in unemployment as mayor farrell said today, going back to 10%. just eight years ago. but using that challenge as an opportunity to make sure no one is left behind when it comes to these opportunities. it's something all of us as city build -- raise your hand -- we have team city build here. the glue of glen eagles homes right here. glue of glen eagles. we were excited because we got 18-week academy, it works, thousand graduates over the past 12 years. we wanted to do something special to team up with the job training opportunities program with ycd, adult pro-brace. and -- probation and do something to stop bullets in our communities. using these jobs to advance public housing residents. who is coleen? who has a chance to work at sunnydale when the work is happening. that's what it's about. digging deep and moving that agenda. the thing is, graduates, when you graduate and get out there, you're going to have something so powerful. it does come easy. you'

unfair labor practices. as state governor and now here i have spent considerable time learning about the issues that impact employers and their employees, and i'm really suggested by the general counsel would move the decision making power from the regional offices to agency officials who may be politically appointed and are far removed from the case and its stakeholders. in addition, mr. robb has also promised changes to case processing procedures which would increase filing burdens on workers who file charges for violations of their rights, including a change to enable board staff to dismiss workers' charges without the approval of regional leadership. so mr. ring, given the significant implications of these changes as a board member would you acquire that general counsel robb seek the approval of the board and seek public comment before moving forward with implementing these plans? >> thank you for the question. i will just say i appreciated our conversation as well. it was interesting to hear about your

labor staffers, labor council leaders and moderate labor members of parliament. >> thank you, mr. speaker, and i can only assume that the leader of the opposition hasn't read the report about northampton shire council, i'll give it to him. worldwide, i want to focus on a different issue today. worldwide, every minute millions of throwaway paper kochy cups go away to landfill. in order to solve it, we need industry leaders and consumers to work together. in that spirit, a company in my constituency have developed a fully recyclable alternative cup that can be easily recycled unlike the current option. so will my right honorable friend join me in welcoming that innovation? and perhaps if she's around afterwards, i might be able to give one to her. >> well, i'm -- i'm very happy -- i'm very happy to say to my honorable friend, if he'd like to come along and see me affords, i'm very happy to take one. he has raised an important point. as he knows, we are committed to wanting to leave our environment in a better state than we found it. i would like to congratulate them and welcome the

high wage labor under sold low weights labor it was called proper labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as a result of this mechanization new labor increased as living standards in order to be able to perform the higher quality were just industrial work jobs but now under industrial technology it's like the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're carrying you're turning labor into low quality repetitive servo mechanism lever rather than the highly skilled labor that people thought was going to lead from industrial capitalism and the socialism and better living standards fair enough now what's your latest book by the way and junk for jay for junk economics at the latest that's no my latest book i'll be coming out with another one in may our no see it on the new york times best seller list i see not seem to love this book up there a

they are very, very cheap labor. there are a lot of differences between these factors and the ones i talked it up today. these are companies not making products for themselves. they're making under contract for other companies. they are not sources of national pride the way of the places were because they are mostly foreign owned. foxconn is taiwanese owned. the most make the stuff in export market, and unlike these of the factories, henry ford loved up people visit his factories. including his rivals. these places are hidden here they are not models of the new utopia. they are both very different and very similar. they're kind of culmination in an odd way. >> you just talking about flint and i sitdown strike and how can waste general motors was down to make all the chevy engines in one place because that made it very affordable if that one place was shut down. so we have big famous apple were virtually all the ipads and ipods and work are made at one or two foxconn factories. that's monumentally stupid for any numbe

labor market. it's hard t to type those down from an empirical standpoint, but that may be having some kind of an effect. it is a global phenomenon so it isn't just tied to the domestic factors. >> friends on the other side tend to focus on the tax bill and others hope that growth is going to overcome any kind of deficits that may or may not occur but we are getting ready to spend $2 trillion more that we don't have by passing the bill we just passed in the omnibus coming up with for the next ten years with a minimum of $10 trillion in additional spending almost twice. how much does the deficit picture for our country come into play relative to the federal reserve, and held concerning is it that we continue to party like there is no time ending here in congress? >> we are not on a sustainable fiscal path. this is a good time to be doing that when the economy is strong but that is a longer run the problem. the problem becomes perpetual overtime we spend more and more of our expenditures on serving a

high wage labor under sold low weights labor it was called popper labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as a result of this mechanization new labor increased as living standards in order to be able to perform the higher quality were just industrial work jobs but now under industrial technology it's like the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're terry you're turning labor into low quality repetitive sort of a mechanism lever rather than the highly skilled labor that people thought was going to lead from industrial capitalism in the socialism and better living standards fair enough now what's your latest book by the way and chased junk from chafer junk economics at the latest that's no my latest book i'll be coming out with another one in may our no see it on the new york times bestseller list i see not seem to love this book up t

so we're we're basically talking about a change in the services industry not so much in the manual labor industry there will be certain change in the manufacturing sector as well as machines are going to be connected to the cloud and data is fueling artificial intelligence but there will be lots of shifts and changes in the service sector which we don't see yet but these are about to come. that was full of lawrence of the new responsibility foundation that wraps up our show if you want more do follow us on social media or check out our website that's t w dot com slash business for now thanks for watching see you back here tomorrow. i'm going to. try. to. birth to a home to means of species. a home worth saving and. those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. that protect the climate least green energy solutions and resource issue. was out of people you cannot predict the foreseeable create interactive content teaching the next generation about environmental touch it was. all channels availabl

high wage labor under sold low weights labor it was called proper labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as a result of this mechanization new labor increased as living standards in order to be able to perform the higher quality were just industrial work jobs but now under industrial technology it's like the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're terry you're turning labor into low quality repetitive servo mechanism lever rather than the highly skilled labor that people thought was going to lead from industrial capitalism in the socialism and better living standards fair enough now what's your latest book by the way and just junk from chafer junk economics at the latest that's no my latest book i'll be coming out with another one and may our no see it on the new york times bestseller list i see not seem to love this book up there

that's where wages are low, labor force participation is low. it's really hard thing to do but it comes down to education >> do you think we're doing enough in terms of education, in terms of federal, state, local investment we just saw west virginia shut down for two days because their teachers felt they weren't being compensated well enough. we have a situation in oklahoma where they're only going to school four days a week because of budget problems so i agree with you, education is a key it's just we don't seem to get that message >> there's nothing in the productivity data or the -- any other economic data that suggests we are handling this problem well all around the world, others are catching up and passing. >> and exceeding us. >> yes >> one other point, this is a sort of passionate issue with me, the military lending act the federal reserve has a responsibility among many agencies to enforce it the department of defense regulations essentially says you can't charge someone in uniform over 36% interest, that seems to me a pretty fair rul

in the labor force. we do not have the tools to really address that. labor force participation -- today it was 62%. that is not good for the economy, right? great to have labor force participation at a higher level, as most advanced economy countries do. our participation rate is now not even at the median of comparably wealthy countries. >> and why is that? is this trend of prime age workers leaving the labor force. and a lot of them -- that burden has been going as senator cotton was pointing out, to put high school educations and below, the less skilled and lower wage jobs. it has been going on for a long time, a 60 year decline. >> but why, in your opinion? with probably has to do the evolution of technology, it certainly has to do with the flattening of the u.s. educational attainment. u.s. educational attainment went up for many years and then flattened out in the 70's. right around that time, u.s. wages flattened and labor first participation starts to get week. we reached a point in the country w

of the last labor government was described -- >> order. i know you're asking about te tennis earlier but you are making an attempt at crochet. you shouldn't be making these -- they make you look even odder -- i thought you were behavior was a tad odd. i'm concerned about your well being. i think the members will look after you. the prime minister. >> the record of the last labor government on housing was described as in crisis on bringing misery and despair. who said the last labor government was bringing misery and despair. the right honorable gentleman. the leader of the opposition. he said labor didn't have a good record on housing. i agree. it's the conservatives that are dealing whag t ining with the c. >> 227 louses completed the last time labor were in government. will my right honorable friend use northwest as an example for the local authorities show them our unemployment rate at 1% and the fact we have no rough sleepers. >> what can i say to my honorable friend i'm pleased he's raise the example and we're very happy to join him i

now cognitive labor cognitive routine tasks. automotive all through the use of artificial intelligence so cognitive skills competence within job profiles can be automated that is a new dimension ok and what does that mean as an impact on the labor market if you look to the future well there's still a strong risk discussion whether artificial intelligence will reduce the demand in labor or if it will enhance already existing to. profiles consider the fact that goldman sachs for instance is able to automate one hundred forty seven steps or tasks that are due to perform in before an i.p.o. so these are job profiles that already show vast amount of qualification but they are in the realm of artificial intelligence so we're we're basically talking about a change in the services industry not so much in the manual labor industry there will be certain changes in the manufacturing sector as well as machines are going to be connected to the cloud and data is fueling artificial intelligence but there will be lots of shifts and changes in t

so we continue to labor force, bringing people from the fringes into the labor force. th's going to also be another restraining factor for wages. >> on that note, anthony, thank you as always. anthony chan with chase. >> and that strong jobs report came on the nine year anniveary of the bull market, one of the longest you of all time. how much longer can this bull run? mike santoli tackles that one. >> there is a way to view the past nine years as three shorter bull eruns. thirst of the three phases wa the initial burst off the march 2009 lows as the global financ wl crisis ending and stocks were depressed. federal reserve support and a slowly rovery economy helped send the s&p 500 whistling higher about 100% over the nee two years. in mid 2011-the european debt crisis and fears of a u.s. government default send the s&p 500 down 19%. slightly short of the popul 20% threshold that defines a bear market. that fall, the next mini bulleg run as the economy survived and energy prices surned s drivingcks up another 80% until mid 2015 when the oil cras global profit downturn

high demand for sunday has meant involvement of child labor as is the bottom end of the structure an industry. so i and seven thousand shillings about two dollars a day that i share with my siblings we take the money to mom mostly for buying books. together with his fourteen year old brother. has worked at this center ugandan son to mine for about two yards. he often works more than eight hours a day alongside simmias under intense working conditions. sometimes i'm not say and sometimes i stay here hungry. when that happens i just go home to find food ate and sleep. at home so this mother struggles to feed her name children. and my mom was. poverty has forced the kids out of school i'm turned them into breadwinners for the large family. so now call it eleven hours and i'm a sole carer for all my children. their fathers neglected. than i will as a parent it's my responsibility to educate them but i can't afford it. like fletcher so instead of sitting around at home i told them to find employment to at least earn some money for us are valuable but so little. according to the un's educa

on the other hand as the market has tightened rks as labor markets have tight and we hear of labor shortages, we see that, you know, groups of unemployeed are diminishing, unemployment is going down, we haven't seen, you know, high wages. wages going up more. i would, i think, i've been surprised by that. i think others have as well. in terms of what's the right level, i don't think i have a view on what the right level of wages is. but i think we will know that the labor market is getting tight when we do see a more meaningful upward move in wages. >> if the economy behaves as the fed is predicting, by the time of the mid-term elections, the rates would be -- keep on rising and the prime rate will be well above 5% a level not reached in the 10 years for what is the base of consumer credit. we know that historically raising rates, especial willly in campaign times, never been very popular in the white house. you?this concern >> that doesn't keep me awake -- chair powell: that doesn't keep me awake at night. that.looking carefully at you can stay focused on jobs congress assigned us and count

males,re many prime age and women, out of the labor force, whose lives would be better in the labor force. these are not -- we don't have the tools to really address that. sen. kennedy: in 2008, the labor force participation rate was eight had over 66%. today it's it's had over 62%. that's not good for the economy, right? sen. kennedy: -- chairman powell: it would be great to have it at a higher level, as most advanced economies do. ours is not even at the median of a comparably wealthy continent -- country. sen. kennedy: why is that? chairman powell: it's the trend of prime age workers leaving the labor force. a lot of that word and has been born, as senator cotten pointed out, by people with high school educations and below the lower, less skilled, lower wage jobs. it has been going on a long, long time. sen. kennedy: but why, in your opinion? chairman powell: it probably has to do with technology. it certainly has to do with the flattening out of educational attainment. u.s. educational attainment went up for many years and it started flattening out in the 70's. right around that time,

at the same time with the labor supply you should see labor supply over time change from the tax rate that tickly the supply-side effect should take longer to appear and would be less certain so really that is as good we have looked at the literature discuss it with you but i would say that a about where the views are. >> with cnn just to go back to trade policy generally today feel that is the current economic outlook if there are fears about stationary effect of the v trade barriers imposed? we currently on the verge of a trade war with china and wondering what your thoughts are with the economic outlook going. >> that this is a new with as a risk to the outlook whether inflation or growth so that isn't something that could come up. and that is china. >> back in the event they are in a trade for to propose elsewhere for the global economic outlook what are you worried about? >> we don't do trade policy here. from any particular situation. >> do you think americans are being paid enough with the rage growth right now? that unemployment decline peaking at 10% now we see only modest in

there is still a strong risk discussion whether artificial intelligence will reduce the demand in labor or if it will enhance already existing. profiles consider the fact that goldman sachs for instance is able to automate one hundred forty seven steps or tasks that are due to perform in before an i.p.o. so these are job profiles that already show vast amount of qualification but they are in the realm of artificial intelligence so we're we're basically talking about a change in the services industry not so much in the manual labor industry there will be certain change in the manufacturing sector as well as machines are going to be connected to the cloud and data is fueling artificial intelligence but there will be lots of shifts and changes in the service sector which we don't see yet but these are about to come. that was followed lawrence of the new responsibility foundation and that wraps up our show if you want more do follow us on social media or check out our website that's. it for now thanks for watching see you back here tomorrow. we've. got. we've. got. some. news program guide.

we also work closely with city departments in labor negotiations. those departments typically serve on the city's negotiating committees. in this instance, it is one city department that is impacted, the police department, and we work very closely with the executive leadership team in that department to work our way through the various issues that are in the contract. we do hope and our intention is to reach a negotiationed agreement and present this to the board of supervisors for consideration. but if we do not achieve that, and we deadlock and we cannot reach agreement, then the matter is submitted to a tripart item arbitration panel, and the factors that that panel must consider are enumerated in the charter and i just want to make sure everybody's aware of what they are. they're very common. they can essentially be describeds described as the conditions dealing with out in the community versus what the department can pay for awards. the amount paid for goods and services, the wages paid to employees performing services compared to other departm

they have done so much for the labor movement. paul passed away in january. fighting the fight to the very end. i'm quite confident that there is an organizing campaign going on in heaven right now. and they needed him. because that's the only reason i could think of as to why the lord took him. but i know that heather's going to keep the fight up. heather has been working with the dnc, helping us build the democratic party that works for everyone. we also lost another remarkable colleague, janice endright. who was not only a longtime ally and partner with our friends, with our friend harold hickey, she worked in the white house. she did so much. she spent her career on the front lines of democratic politics. working to elect the likes of david dinkins as the first african-american mayor of new york city. and on hillary clinton's historic senate campaign. they were both trail blazers. in their absence, we will have to work twice as hard to organize for democrats. you know what, i wanted to take that moment. because it is so important. and i can't help but not

and the government purpose here is labor relations and labor peace. why isn't -- you still haven't told me why that's not a compelling state interest. mr. messenger: well, irrespective of whether -- justice sotomayor: or -- i shouldn't say state. a compelling federal -- government interest. mr. messenger: yes, your honor. the court doesn't need to reach whether or not labor peace into that -- such interests are compelling because agency fees are not a least restrictive means to satisfy any labor peace interest the government may have in listening to one union. so the labor peace interest, as this court has explained in abood, is the government's interest in listening only to one union so it doesn't have to listen to multiple unions. justice sotomayor: well, there's another way of doing student fees. you can have students who don't pay not participate in any student activity because the price of -- of being permitted to participate. you can have bar associations that the state runs. you can have alternatives of all kinds, but the question is, is the al

this measure admitted california to the union as a free labor state and required slave labor state texas to give up its claim to eastern new mexico. otherwise, the compromise favored the south. it gave slavery a chance to expand into new mexico and utah territories. it kept slavery but not the slave trade legal in the district of columbia. and with a fugitive slave act of 1850, it instituted united states government support for recapturing fugitive slaves. abolitionists opposed all the pro-slavery measures. lincoln supported all the measures, including the fugitive slave law, and this was despite the fact that lincoln often expressed sympathy for escaping slaves. during the early 1850s, lincoln described abolitionists as those who would into fragments the union of these states and even burn the last copy of the bible rather than slavery should continue a single hour. lincoln also denounced slavery's strongest defenders. he followed henry clay in embracing the ultimate emancipati emancipation. and like clay he linked that ultimate emancipation with sending black people out of the country

ok all right message tight because we have more to cover speaking of labor couzin labor coups his defeat gave dortmund a chance to get a tight hold on the champions league place just days after they crashed out of europe with a dire performance against rb sol spurs at least is unbeaten in the league is dortmund coach and he continued that run at home to hand over ricci batu i scored the only goal of the game in the twenty fourth minute batsmen converted a corner his sixth goal in seven matches giving them a one nil win and being sure go a little really. goal of the bet me now germany's two remaining european contenders powerhouse byron munich and young and hungry rb leipzig faced off the sides have only played each other a total of three times in the league barn clipped their wings every time rb need some points right now if they want to get back in the champions league and we all know biron had to put their celebrations on hold due to the shall kill result on saturday one thing in this match up is certain goals let's see if history repeats itself. the start of this match was more notice

with the highest number wealth over fifteen one million child labor has. finally retake a look at shopping habits in china where internet companies are working on a fully digital lines to experience many markets without any stop. this in conspicuous structure is actually a mini market located in a commercial district outside beijing it's fully automatic there's no staff. it's a market of the future. here customers use an app to access the store locate products and pay for them so much a venture. there are five security cameras watching the store if a customer shoplifter or tries to leave without paying the customer service center reminds them to pay. the store contains typical many market items snacks drinks and hygiene products customers come from nearby offices during their lunch break. each item is priced electronically purchases are completed with the payment app. yes you're gonna go i like shopping this way with no one watching when you find what you need then pay and go oh. j.d. one of china's largest online retailers also runs supermarkets without e

labor market is starting to get quite tight. 2% of the participants are saying labor shortages are theiggest constraint to their business right now. when you look at the jobs data, it paints a very similar picture. ultimately, we have not seen this wholesale tightening the labor market in the u.s. we're seeing right now. secondly is the fiscal stimulus. you get this at a point where the u.s. is in the late cycle. one has to assume that when you combine these things, the risks are to the upside when looking at u.s. inflation. jonathan: what are the risks for treasuries? we caught up with bill gross. >> i think we will see fed funds somewhere around 2% or 2.25% as opposed to 2.5% or 3%, which is what the market expected a tenure at 2.87 is probably perfectly positioned, not well-positioned for 2.5 percent. jonathan: how does that resonate with you? r.j.: we are more on the bearish side. the fed is an upward trajectory, the inflation risks are fueled by weaker dollar and rising commodity prices. i think we are heading higher than what he suggested. would not be shocked if we break free on

drawing people back into the labor force.ually think some of those bonuses, some of the things we're seeing companies do, people are finally looking up, saying you know, i'm working out on this. if i'm accepting unemployment insurance, if i'm on disability or all kind of things are disincentives to get back to work i'm missing out on this that is significant. we have to fight against this that was a new normal. that is a very dangerous idea. trish: that is real opportunity for this country right now, we should embrace that. so let me get to specifics here, some business news that we've been following today. heather, goldman sachs, looking like it is going to tap two of its people had been positioning for -- >> place a wager gary cohn stepping in? trish: do you think that is possible? i was wonder about that. he timed it rather poorly, looked like lloyd wasn't going anywhere for years. gary heads to the white house, lloyd said i'll -- >> i highly doubt that because it looks like he has two, goldman has two coceos or successors

[laughter] the labor market has grown a lot since then. this is remarkable, showing you how tight the labor markets are, raising that russian about what we haven't seen wage increases moving faster, but if that continues, powell on tuesday thinks we will see that going forward. i sm numbers came in strong, suggesting the manufacturing is going well. big gains in export orders, something that should make the president happy, increased manufacturing. the dollar has been weaker. it had been getting stronger, don't know if that will continue. vonnie: it was a good year. let me ask you, ira, about how tariffs will impact of this at all. we are expecting an announcement today and we kind of know that there will be tariffs imposed. ira: that could affect, obviously, the global economy and the trade figures. we have obviously had a more open, global environment since seo, all of, the w that from the 90's. the pullback on that, it's unclear what kind of economic impact that will have. the united states is overwhelmingly a service economy as opposed