in fact, one of the genius things about this plan is that it raises money for the federal treasury. if you have a carbon tax or a cap and trade program, there is revenue involved when people by the allowances that is needed to emit urban dockside into the air -- emit carbon dioxide into the air. there is a lot of revenue. some of that we would say needs to be recycled back to people so that low income people who are hit hard by high energy costs would be made whole or better. even middle income, high income people who are low energy use rebaters would get a that is substantial relevant to how much the tax would hit them. you invest money in research and development so that you can develop the technology that is going to cheaply and efficiently hopefully d carbonized the economy -- d carbonized -- decarbonize the economy and get us there. you have a huge amount of money left over you can use for public transit or green infrastructure if you wanted to. there is going to be so much say,over that you could let's put that towards paying down the debt. let's put that towards reducing the

the obviously very greedy freddy our federal treasury video. released and when europe puts italy under pressure because of its national debt then this blustering former comedian turned political clown has plenty of poisoned arrows in his quiver. against germany for example. no doubt yet if you probably read out you don't have to be afraid any more. debt think of germany. and the german. language the word short has two meanings the words to the future are not only monitoring debt but also barrels are killed and things inside of your arms are going to the river i think but i'm not to blame for any of our debts you know if anyone is responsible for the debt then it's germany which was supposed to repay its war debts by nine hundred fifty three but it didn't and they come up only because they didn't repay them if they had been as poor as calabria is now thirty five yes you know senator. it's not immediately apparent why so many people worship this rabble rouser. reading order miami mario is a symbolic figure and the most important man in our moveme

can rest we have nothing to do with this remark or do you think i miss you we did it crazy our federal treasury video. released and when europe puts italy under pressure because of its national debt then this blustering former comedian turned political clown has plenty of poisoned arrows in his quiver. against germany for example. don't appear to be a problem where i don't have to be afraid anymore to be fair of debt think of germany. and the job. which the word short has two meanings the word city car not only monitoring debt but also barreled guilt and things inside your arms are going to make the river i hate it but i'm not to blame for any of that you know if anyone is responsible for the debt then it's germany which was supposed to repay its war debts by the one nine hundred fifty three but it didn't matter and they become not only because they didn't repay them if they had made of being as poorest calabria is now thirty four yes i know said it. it's not immediately apparent why so many people worship this rabble rouser. reading order my yearly mother in law is a symbolic figure and the mo

we saw in 2017 a bill that reached into the federal treasury, took $1.5 trillion, and gave almost all of it to that small group of people inside that circle of privilege and power, ignoring the rest of the country. you know, that's what happens in corrupt countries. the elite, the power elite reach in, take the treasury for themselves and ignore the will of the people. so every member of this body took a pledge to the constitution of the united states, a constitution not founded on we the powerful but on we the people. so are we going to honor that oath, i ask, because if we're going to honor it, it means we have to stand up and end this deep and vast corruption. yesterday senator udall and i and all of my colleagues on this side of the aisle introduced a bill that's designed to take on gerrymandering, take on voter suppression, and take on dark money. so let's talk about gerrymandering. the supreme court has never done a thing about it, even though it's clearly all about having the powerful choose their voters rather than the voters choose their representatives. complete shredding of

policy we set fiscal policy even in the constitution it says only that you know the federal government can the treasury can print money that that if a state chooses to it has to be in gold or silver because they can't bankrupt the federal government but now we have a situation whereby bankers can print as much money as they want and it doesn't have to be backed by anything and they thus bankrupt the central government our federal government us the taxpayers are on the hook for it don't look good point you know the banks can when they make a loan they print that money that's not from reserves they're not lending money out that's in the bank to a business that's come from deposits that they have no reserves they have negative reserves they just loan of when they loan out for a mortgage or a business they print money into existence that's why the debt goes to twenty two trillion dollars over time and you're right they are did steal savings alone trick old the old f.d.i.c trick is like you know the government's going to bail you out no matter how much of a serial fraudster you are and the federal governmen

together, they're now going to use corporate dollars to create a fund that's flowing through the federal treasury that should be going to infrastructure, should be going to pediatric cancer research but instead it's going to flow into this new shell that's going to have corporate money go directly to congressional candidates which is illegal now. . that to me is the biggest problem with this bill and the problem with this amendment. with that, i yield back the balance of my time and look forward to -- i look forward to a discussion on many other amendments throughout this long evening, mr. chairman. the chair: the gentleman yields back the balance of his time. all time having expired, the question is on the amendment offered by the gentleman from maryland. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment -- mr. davis: i'd like to request a recorded vote. the chair: the gentleman requests a recorded vote. pursuant to clause 6 of rule 18 further proceedings on the amendment offered by the gentleman from illinois will be postponed. the chair: it

in fact, one of the genius things about this plan is that it raises money for the federal treasury.f you have a carbon tax or a cap and trade program, there is revenue involved when people by the allowances that is needed to emit urban dockside into the air -- emit carbon dioxide into the air. there is a lot of revenue. some of that we would say needs to be recycled back to people so that low income people who are hit hard by high energy costs would be made whole or better. even middle income, high income people who are low energy use rebaters would get a that is substantial relevant to how much the tax would hit them. you invest money in research and development so that you can develop the technology that is going to cheaply and efficiently hopefully d carbonized the economy -- d carbonized -- decarbonize the economy and get us there. you have a huge amount of money left over you can use for public transit or green infrastructure if you wanted to. there is going to be so much say,over that you could let's put that towards paying down the debt. let's put that towards reducing the ta

treasury secretary steven mnuchin said there was a productive working dinner last night. >>> a federal judge has rejected nestli's bid to throw out a lawsuit. the judge says it does not qualify as a genuine natural spring. >> the airline wow just a roughly shut down service. what do you do when that happens? >> reporter: travel experts say immediately get in touch with another airline flying out of the same airport and book a new flight. often, other carriers will help with lower fares. iceland air has made an offer with this respect. this happened before when another airline shutdown and several airlines stepped in to fill the gap, including delta. get and use travel insurance.

it will be a driver coming into the general federal treasury. >> it is a win/win across the board. you made a comment about user fees, those who use it should pay for it, but there is another aspect of that, those who benefit from it, they double combination there i'm not taken exception what you said, but i'm thinking, we look so much about what this burden would fall on cut we forget is, every single american, an incredible opportunity to do something about it, and looking the other day, talking with chairman brady, the number of electric cars, they are not going to pay gas tax, right? >> less than 0.5%.>> there is 1 million electorate -- electric cars up by 2030, 19 million cars, so if you don't have a user fee, and we've switch from gasoline powered to electric powered, the loss of revenue, because we won't have people buying gasoline and paying a guess on it, if it's not a user fee, how do you replace that loss of revenue?>> registration fees. >> find an alternative is the answer right? >> absolutely. >> i do believe that those who use it should pay for, and also those who ben

the information we're getting is that the federal government posted a $234 billion budget deficit in february. that's worst than expectations the treasurys saying that federal spending in february was $401 billion, that was up 8% from the same month in 2018. while receipts and this is why there is a deficit, receipts were just $167 billion, up 7% compared to february of 2018 the previous monthly high for the federal deficit was in february of 2012 $232 billion so, an all-time high monthly federal budget deficit of $234 billion in february of this year as compared to the previous all-time high which was in 2012. $232 billion at that time. >> back over to you. thanks, eamon javers. >>> new development s overnight on boeing and news on a new 737 max software upgrade let's get to phil labeau with details. >> the cancellation for the 737 max. the first order cancellation this comes to us from indonesia, the national airline of indonesia canceling an order with a book value of $4.9 billion for almost 50 737 maxes. meanwhile, boeing this weekend will host customer meetings. meeting with those airlines that have 737 maxes as they prepare for a

treasuries steadied ahead of this week's federal reserve policy meeting.e markets -- joining us is mark cudmore from the mliv blog team. what is behind the risk on feeling? we are seeing real, serious gains in chinese equities and gains in equity index futures here and in the u.s. >> i think there's a lot of positive news stories. most traders are taking their cue from the price action. still setting euro sentiment and there is in chinese stocks that has been incredible. chinesethe pullback -- stocks have continued back toward the highs and there's a lot of confidence that china has been successful in providing enough stimulus that it will turn the economy around. so i think that is providing good news, definitely they seem to think theresa may's deal will pass this week and that the worst-case brexit scenario will be averted with the agreement to seek a delay. i think overall there is a little bit of positive news at the margin, not necessarily one clerestory. anna: good morning. let me pick up on what you said about the pound. is it onwards and upwards f

treasury. overall economic growth slowed to a solid rate in q4, according to the federal reserve, job gains have been solid they're saying, not growing. seeing indicators that a slowing household and business investment spending in the first quarter of this year. the fed says again they will be patient with further rate hikes coming in overall inflation has declined because of energy prices the fed says. we saw fomc members on the dot plot, famous dot plot come down, looking for zero rate hikes. no more rate hikes this year, forecasted for the fed. they're leaving federal funds rate unchanged. charles? charles: edward lawrence, thank you very much. a couple bombshells in there, folks. here to help us break it all down, former federal reserve advisor, danielle dimartino booth, lindsey piegza, jonas max ferris and and let me start with you, danielle there was question marks with they go from two to one. wall street wanted zero. zero hikes rest of the year. >> more importantly, charles, only one for next year. this is more than the market anticipating by far. i think it is very pleasing. what inves

last month, due in part to falling corporate and individual tax revenue and increasing federal spending. the treasuryget gap widens its $234 billion in february, compared with a fiscal gap of $215.2 billion a year earlier. according to data compiled by bloomberg, the gap surpassed the previous monthly record set seven years ago. a federal judge in san francisco is scrutinizing the trump administration's policy of returning asylum seekers to mexico. civil rights groups have asked that the asylum policy be put on hold while their lawsuit moves forward. the policy began in january at a border crossing in san diego. marking an unprecedented change to the u.s. asylum system. families seeking asylum are typically released in the u.s. with notices to appear in immigration court. syria today condemned president trump's abrupt declaration yesterday that washington will recognize israel's sovereignty, but with the israeli occupied golan heights. speaking at the united nations, syrian ambassador called the president's statement irresponsible and said it, quote, reaffirms the united states' blind bias toward the

you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they will say that they're printing money exclusively for the top you know point one percent the bankers that is you know victimless crime this nothing bad that happens and but in fact that can tell and in fact happens and we see the likes of the l a vast movement we see that.

you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they were.

you know the masters of our financial universe whether they're in the treasury department's the presidential palace or the federal reserve white tower or the ivory tower you know they will say that they're printing money exclusively for the top you know point one percent the bankers that is you know victimless crime this nothing bad that happens then but in fact that can tell and in fact happens and we see the likes of the l a vast movement we see the consequences of the wealth and income gap and that is what this guy matt of dallas saying is when people are shocked to discover that the wealthy are buying their way into these universities the same thing is happening all around you is the wealthy are wealthy partly especially now and that stays aid is because of the assets that the federal reserve is pumping up well the cost of bribing your way into a college is something like five hundred thousand dollars now put that into context the central bank says that they reach they print money is to stimulate inflation that there's not enough aggregate demand and the prices aren't moving and yet the price of bribing your

treasury oleg deripaska says the russian or federal bank are willing to deal with him. 's why he's fighting against the u.s. treasury to get himself off that list. back to you. >> so, jeff, there are many things i want as well. i want more money, too i'm not suing the u.s. treasury, but what is the likelihood that he will succeed in this lawsuit? will he expect to see anything coming out of the treasury because of his lawsuit against them >> reporter: well, of course, the legal process will have to run its course here, but i know that already a number of learned lawyers have gone on record as saying that they don't think that this suit will prevail against the treasury they argue that the treasury and secretary mnuchin had good grounds to put him on that sanctions list but we will have to wait and see. oleg deripaska saying that he believes in the legal principle and the legal system in the united states and he believes it will prevail in his favor, but this may take a year or so before we ultimately find out whether he's been successful or not. >> so, jeff, also one oth

noted "the incredible increase in corporate and government borrowing with federal deficit only expected to grow." the treasuryent says total debt has risen to a record above $22 trillion. australiaerve bank of is assessing the impact of climate change and the implications for the economy. the deputy governor says it is looking at the effects on inflation. politics have become polarizing in australia, propping the central bank to carry out its own research. australia is one of the leading per capita polluters and the world's driest inhabited continent. boeing slumped again as regulators around the world grounded the 737 max plan on safety concerns. the stock saw the biggest two-day decline in the decade is the european union and india suspended flight following the second fatal crash of the model in five months. growing doubts about the plane leaves the faa suddenly -- isolated. it says it remains airworthy and has no intention of rounding the jets. global news 24 hours a day on air and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloom

on march 2nd, we hit the $22 trillion debt ceiling or the federal borrowing limit that congress sets. the treasury department is actually in the middle of using what's known as extraordinary measures to continue to pay the country's bills. so get ready. come september, you are going to probably see the debate continue right up until the wire. i bet we have a countdown clock on cnn. this is as a debt ceiling crisis starts to bubble up because everybody, jim, is going to kick the can down the road. >> yep, that's the one consistency when those deadlines come. in the end, they agree, let's raise the debt ceiling. alison kosik, thanks. >>> this budget from the president setting the stage for another clash. what are lawmakers saying about it this morning? >>> plus othe same week republicans are set to rebuke the president's national emergency, a new poll of iowa republicans show that 3 -- 63% say it was the right thing to do. and this -- [ gunfire ] live on the ground there as u.s.-backed forces fight to take over the terror group's last stronghold. we'll take you there. ve to chooe between healthy gum

federal control. the white house will likely start the process by asking treasury and housing officials for a legislativend regulatory change to the housing and finance giants. congressional hearings begin today in to the federal aviation industries oversight of boeing before and after deadly crashes of it 747 max. the transportation department inspector general is scheduled to testify and is expected to reveal plans to significantly revamp the faa oversight of airplane construction. as health officials have feared, colorado has begot -- cholera has begun to spread in mozambique. hundreds of thousands of people have been displaced from their homes and are sheltering in squalid conditions. cholera is spread by contaminated food and water and can kill within hours if not treated. weeksone which struck two ago has left 800 people dead. vladimir putin once russian athletes to play by anti-doping rules ahead of next year's olympics. he says his country must prevent opponents from using sports for political ends. the use of substances could act against russia's interest. russia's team was barred from last year

he's been a professor at columbia business school, worked at the federal reserve board, he's been a consultant to the treasury department and advised numerous presidents and presidential campaigns on economic issues. we are fortunate to have him here today to give us his expert view on the economy and it's future. today, he will be joined by mr. byron brilliant who will lead the conversation and i tell you it will be good judging by the greenroom of what they've got planned for you. byron is the executive vice president and head of international, which means he leads a team of policy experts here at the chamber working on investment issues around the world. most importantly, he is my boss and we all will give him a good round of applause. please welcome chairman kevin hassett to the stage. ♪ >> good afternoon on a monday morning. as kevin was saying, and has he said before in his career, whether you have a full room or not, depending on the weather and the speakers and a variety of factors -- kevin, we've got a full room for you. it's less about me and more about you. i want to start with a few macro question

treasury markets when the federal reserve tickets to rate hikes off of the table for 2019 and said we were in a good place and we will wait and see? people started taking about, if they are not going to take--you hiking rates, the next move will be a cuts. that's the next move will be a cut. -- the next move will be a cuts. when you speak to charlie evans, a great way to kick off the week, you will ask him about the inverted yield curve, how strong of a signal it is to him, what would he to see to get in line with rate cuts in this group on 1c, there are af few numbers out of the u.s. these fed speakers are going to be sending a signal. they will talk up the economy and patience and struck off this move right now in the financial market volatility. we will see. rishaad: thank you to kathleen hays and wes goodman. to chicagotalking fed president charlie evans at quarter to four this afternoon, in hong kong time. still ahead, we're talking brexit. theresa may meets hardline eurosceptics as he tries to save for deal. there are reports that she is going to be forced out. still ahead, we'r

congressional democrats are now also pushing towards the epic fight to use a current federal law to demand those taxes from trump's treasury secretary. >> mr. trump claimed he would -- president trump, he would not personally benefit from the tax cuts in the tax bill of december of 2017. how can we know without seeing his tax returns? >> i'm not aware of the president's financial situation other than what i read in the -- >> apparently nobody is. >> have you received any instruction or guidance of any kind about how to handle congressional requests for president trump's tax returns? >> based upon the request, we will examine it and we will follow the law. we will protect the president, as we would protect any individual taxpayer. >> well, it's happening and it's coming, so be prepared. >> it's coming. meanwhile, when you think about all the shadow boxing going on, take a look at this evocative photograph of donald trump's shadow perched there behind speaker pelosi. it's going all over the internet and we wanted to show it to you. meanwhile, the house is following donald trump's every move and they're not legislate up on an

employers are offering them.and now the federal government is making it easier for companies to stop issuing those monthly pension checks.this month-- the treasury department issued a notice allowing employers to buy out current retirees from their pensions with a one-time lump sum payment--if the retiree agrees to it.that reverses obama-era guidance that banned the practice over fears that lump-sum payments often shortchange seniors.now advocates say the latest move is putting millions of people at risk.pensions provide a guaranteed monthly income for as long as an employee lives in retirement.they're insured by the federal goverment in case companies go bankrupt and cover more than 26-million people.however-- since the 80s-- that number has been getting smaller and smaller.... as employers move away from pensions-- and opt for 401(k) accounts instead.the reason? pensions are expensive to maintain and they're a big liability for companies.so, should you take a payout? experts say no-- because you don't have the advanced knowledge needed to evaluate your retirement needs.and you'll likely end up spending the lump sum while still in retirement.fo

treasury yields are falling. the federalerve at the same time is saying they are in no hurry to move rates. that is holding short rates in place. that is what caused the yield curve to invert in the last week or so. typically, a yield curve inversion means that the market is saying the fed is too tight and that is no different this time than any other time. the market is signaling to the fed, you should consider using. shery: two weeks ago on bloomberg tv, you said the german boom could go into negative territory. you thatchart showing really, we're there. we are subzero. we continue to see negative yields and that rising across the world. will this continue? are we headed lower and lower now? jim: i think for the next few months, the answer is yes. the reason we are seeing yields fall and zero is no longer a barrier, which is why we are negative, is because economies are slowing down. the german economy has printed negative gdp. there are other economies in the eurozone that are printing multiple negative gdp quarters, said

treasury secretary steve mnuchin and mark calabria, incoming federal housing finance agency directoreportedly at odds of the government revamp of freddie mac and fannie mae. reporting on this is coming from our own charlie gasparino, who joins us with more exclusive details. what is the deal, charlie? >> everybody was supposed to fix this one as well, fannie and freddie. right up there with health care particularly coming out of financial crisis. it by the way sounds mind-boggling, government agencies that support the mortgage market but they play a huge role. they basically supply liquidity for a 10 trillion-dollar mortgage market. whatever reform plans that comes out of this will be pretty big. president came out with a presidential order, fix the damn thing finally. mnuchin is there, and hud. one other player, the head of the faha. from what we understand he is at odds with steve mnuchin over the way to reform this thing. mnuchin wants fannie and freddie essentially to return to the old structure precrisis. essentially private companies that trade in the public markets, that have

. >>> the treasury department says the federal deficit is 77% higher now than it was in the same. one year ago. the deficit started october 1 totaled $310 billion. it's up from a deficit of 175 billion in the same period one year ago. the higher devs that reflected more spending in areas such as social security, defense, and interest payments on a national debt. the government collected lower taxes for people and corporations due to the impact of the tax cut president passed through congress in 2017. >>> patrolling the streets using a car without gas. the bay area is adding a tesla to its fleet today. >> reporter: hundreds of workers are prepared to be out on the picket line today. you could see some of them setting up behind us. this will be day two of a strike. what they are calling for and why they say the demands are about more than just money. >>> (music throughout) reliable wifi with coverage what'sthroughout your home?ast, how about having internet that can help you save on wireless phone service? xfinity gives you the fastest speeds for all your devices. plus, now that xfi

treasury department sitting on the books of the federal reserve not going into our economy.o the money is borrowed and not even going to be deployed with infrastructure spending or anything that can actually grow the economy. with that respect it is important to look at balance sheet. with that respect it is important to look at the deficit. it is important to know what is coming in and what we need to spend to actually create growth and not just to stay where we are. charles: let me ask, i could have saw on twitter that you had positive comment about bernie sanders. i'm curious, he is doing extraordinarily well early on. he raised a ton of money already. how does a fed exist with a president bernie sanders? would even want to have a federal reserve? >> well it is interesting because years ago i was actually on a federal reserve advisory committee that was created by bernie sanders in the wake of the financial crisis and senator ron paul. so the bipartisan committee. the idea was to take a look not just what the fed is doing but where the money is going. what happened was th

he noticed the incredible increase in corporate and federal borrowing with federal deficits on the expected to grow. the treasuryent said total u.s. public debt had risen to a record. as the reserve bank of australia is assessing the impact of climate change and its implications for the economy deputy governor, -- says the bank is looking at the effects on production and inflation. politics have become increasingly polarized in australia, prompting the central bank to carry out its own research. australia is one of the leading per capita polluters and the world's driest inhabited continent. parents, university coaches, and a college admissions counselor are among dozens of people charged in a criminal conspiracy that sought to help applicants get admissions to delete u.s. -- elite u.s. schools. they were having their kids cheat on entrance exams. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. shery: thank you. china's biggest insurer, ping an, is planning to buy back as much as $1.

federal control. the white house will likely spur the process by asking housing and treasury officials to present ideases to the finance giants. china says it has expelled the former interpol president from public office in the communist party. he is currently awaiting trial on corruption charges. he was detained without notice by chinese authorities last october during a visit to china from interpol headquarters in france. his wife has made a public appeal to the french government to step in. u.s. regulators plan to tighten rules that govern how medicines are many factored. the fda wants to ensure the safety of the nation's drug supply with recalls of contaminated exports from abroad -- contaminated imports from abroad on the rise. vladimir putin once russian athletes and officials to play by anti-doping rules ahead of next year's olympics. theyussian president said must prevent opponents from using it for political ends. lasta was banned from winter games for repeated doping violations. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in

>> that is the case for a while. 10-year treasury yield is approaching the federal funds rate.this time around the fed will pull the trigger cutting interest rates once we begin to see an inverted yield curve. in the past they waited too long. now i hope they're not shy about moving quickly. neil: thank you, my friend. thank you, susan, very much. federal funds rate he alluded, overnight rate whoever verying 2 1/2%. with susan and john pointed out, 2.60, as close as you can get without being dead-even. for the market mark and economy a real problem. >>> one democrat right now, not joe biden is attracting hollywood types in record numbers. does that mean anything? we think so. after this. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. frstill, we never stoppedss. wamaking it stronger.. faster. smarter. because to

federal government gone dark. - here are those departments: agriculture, commerce, justice, homeland security, housing and urban development, interior, state, transportation, treasurymany judges are furloughed, creating a backlog in the immigration court system. - then there are the farmers already under duress from the president's trade war with china. the shutdown means they're not getting those stimulus payments promised by their government. - the ripple effects extending to the national parks piling up with garbage, even human waste, turning them into health hazards. - park visitors in some places are taking care of business, shall we say, along pathways or in the woods. - that's right. the shutdown has gotten so bad that at national parks, americans are pooping on the ground. [scattered laughter] who's the shithole country now? [laughter] [cheers and applause] [stirring orchestral music] - it's day 20 of the second longest government shutdown in history. 1995, we're coming for ya! whoo! with no end in sight, civil servants are marching on washington, d.c., and the president knows why. - people that won't get next week's pay or the following week's pay, i think

the federal government recorded a budget surplus in january, but according to the latest treasury figuresfar this budget year the deficit is 77% higher than last year. sources tell fox news the president's latest budget proposal aims to balance the budget in 15 years, by 2034. i'm told it will also include an ask for defense spending of roughly $750 billion in defense spending, and it will not include a cap deal. jon? jon: ellison barber in west palm beach, thank you. democrat-led house committees are moving forward with multiple investigations into president trump and his administration. they appear to be ramping up those inquiries as the mueller probe into russian election interference reportedly nears its end. this amid concerns that the president's former lawyer, michael cohen, might have once again lied to congress as several key points in the investigation boil down to a war of words between the president and cohen. >> in terms of who's telling the truth between michael cohen and the president, we know that the president has made probably over a thousand false statements about the r

the federal reserve has changed its policy tactics completely. and will in fact buy u.s. treasuries to replace mortgage bonds for a portion of their portfolio. >> just to hold the balance sheet steady >> to do that and exchange one asset from another >> i said to a lot of people, never ignore the yield curve i do want everyone to just take note that if you've marginally improved, we've seen a rally in the u.s. treasury market the fed has taken the warning signs and changed course i don't think that's really added significantly to recession risks from where we were before. >> it's an interesting point if you go back to the '06-'07 example, when there were all these different theories about why the yield curve was changing then shouldthe fed have stopped hiking sooner? >> it's hard to say, when you go back to '06-'07, there was a fridge ility in the financial system that we didn't know about until the financial crisis was underway knock on wood, i don't think that exists today. it's not like we're sleepwalking into a cat alcoholism like that. i know you can make a case, why it shouldn

treasuries market, it kind of feels like this rally might be heading or running out of steam in some senses. before the last federal reserve meeting, 10 year yields were up 2.6%, and we went as low as 2.33% yesterday. i am seeing more calls that we should maybe take a break here and assess where we are, because it has been a massive move. i am curious that what you are hearing is a sense that the fed goofed up a little bit, in terms of what the jobs report effect was on the market. what i am that is hearing as well, you know? innking about where we were december and the commentary we were getting in december versus last week's meeting, where the dot plot was revised down to know hikes for the rest of 2019. it has been a massive turnaround, so definitely we have seen that whiplash play out in markets. so what are investors looking at to see the staying power of these movements? katherine: it will be really important to watch the data in the days and weeks ahead. it was interesting to see treasury yields, a little bit today, even though we had some --fter than anticipated -- come up a little bit today, even though we

that's where cbo and the treasury department more or less estimate that will probably run out of the money available you mentioned the extraordinary measures these are the federal government equivalent of looking for, you know, nickels and quarters under your couch, your sofa mattress or your mattress, and then we have tax revenues coming in in april, and, you know, by the time they exhaust those probably be at the end of summer. we also have the end -- that's the end of the fiscal year, and then we're going to have the end of some other gimmicks in government that could lead to some automatic spending cuts that could put some pressure on spending as well >> no need to look more money on the sofa for those watching who don't understand the minuta of how this works, where does the u.s. treasury go looking for these and where do they scavenge for the money behind the back of the couch? >> these are funds like trust funds and retirement funds that the government has been putting money into as they've been required to do throughout the year for, you know, regular spending programs. they're required to put money in those accounts the law allows them to shift that mo

treasury secretary elaine chao hinted they could be mandating things from the federal post certainlyith safety features. the stock started to swoon. the buy and dip mentality began since this. what do you say about this? >> i will say a definitive no clue at this juncture. you're dealing with so much uncertainty when it comes to time, when it comes to costs, when it comes to lawsuits and now you've got investigations, i just don't know. let me just say this, if they get past this, i'm sure they will in time, i think the stock will be higher as long as the market doesn't go into a bear market i think they will probably be right but right now in the short run we could be down 10 bucks by the close or up another 10 bucks by the close. just too much uncertainty for me. charles: for a long-term investor looking at sort of proposition they have got one rival. right now their products are superior to the rival. they don't have capacity even if they were able to take advantage of it. they have 15, to 20 year, they can see out that far, planes are being ordered at a rapid pace, a lot of inves

treasury secretary steven mnuchin said there was a productive working dinner last night. >>> a federal judge has rejected nestli's bid to throw out a lawsuit. the judge says it does not qualify as a genuine natural spring. >> the airline wow just a roughly shut down service. what do you do when that happens? >> reporter: travel experts say immediately get in touch with another airline flying out of the same airport and book a new flight. often, other carriers will help with lower fares. iceland air has made an offer with this respect. this happened before when another airline shutdown and several airlines stepped in to fill the gap, including delta. get and use travel insurance. sometimes you sit on the fence on it. in this instance, it is worth the headache. >>> new video this morning for minnesota shows the destruction of several soccer fields just outside minneapolis. police believe the two suspects drove into the fields overnight and spun donuts. some of the tire ruts are between 6 inches and 8 inches deep. the soccer club had 125 games scheduled at the field. now they are looking

the ten-year treasuries for the first time since 2007 that so-called inverted yield curve. according to the federalk of cleveland that inverted yield curve has preceded each of the last seven recessions. but others say the recession signals means that the fed needs to cut rates. if the fed moves and cut rates, that would be good news for stocks. in either case, means things are getting better for investors. perhaps president trump is looking for scapegoats if there is a slowing economy into spring and summer. >>> "the washington post" editorial board is coming down hard on the crisis in puerto rico. the headline, the trump administration has turned bigotry into policy. president trump once again criticized the physical management and size in the devastating storm. >> people in the room said he even broke out a chart and compared what the states have received. puerto rico reacting forcefully, calling president trump's remarking below the dignity of a sitting president of the united states. he says his comments lack empathy, are irresponsible and regrettable and above all unjustified. >>> trump's eme

treasury. we saw the yield fall below 2.4% since december 2017 at one point. investors betting the federal reserve will need to cut rates and factoring in recession fears. futures for s&p, upside at the moment. let's see how we are setting up. sophie: equity futures are signaling gains after the worst day for asian stocks since december. you had japan buried losses, tokyo stocks fell 3%. we saw chinese and hong kong shares flag -- lagging 2%. looking at 1.1% at the start of cash trade. bonds remain in focus after 10 year treasuries broke 2.4% and the stockpile in global bonds where negative yields hit $10 trillion. and seeing kiwi and aussie bond yields continuing to drop at all-time lows. a quick check on the pound as theresa may faces a key vote in the house of commons. looking stable overnight, below the 132 level against the greenback. some strategists say the pound will rally if lawmakers give themselves a say on what happens with brexit. haidi: we should know what the next step is as lawmakers have gone in to commence the vote. let's get to jessica summers. reporter: president trump

treasury department just last year. and finally, a new report from a watchdog group details excessive spending at federal agencies in september spending of taxpayer dollars certainly ramped up. this is where your money is going, folks. just in september, the fed spent $2.3 million on lobster tails and crabs. more than $240,000 on pianos. in the last four weeks of fiscal 2018 orders for golf carts were up to 672,000. paint brushes, $163,000. and a single leather chair, $9,241. i actually do need that in my family room. ashley: i'll go for a golf cart too. they're fun to ride around in. had a lousy session in asia today, the worst in over five months. u.s. futures you can see following that trend, the dow now off 100 points, the s&p and nasdaq also down about half a percent. well, coming up next, jeff bezos may be coming to new york after all. kind of. amazon and the yankees teaming up for a major deal. and oklahoma city thunders' russell westbrook surprises a fan with an interesting souvenir. you're watching "fbn: a.m." ♪ welcome to the working week. ♪ ashley: welcome back. breaking news in the sports broadcasting business. th