and fanny-- fannie mae and freddie mac. it marks 11 years since the government bailed out and put those where they remain today. prior to 2008 the government- sponsored enterprises held $.45 in capital for every 100 in capital for every $100 in mortgages guaranteed. now they hold just $.19 after a $200 bailout from taxpayers. 11 years later these systemically important companies continue to be too big to fail and are more leverage than they were before the financial crisis. taxpayers inevitably remain on the hook for the next market downturn. in march pres. trump signed a memorandum directing the department of treasury and urban development to develop a plan for administrative and legislative perform of the housing finance system. many of the recommendations and the plans released on thursday are consistent with my outline to fix the finance housing system including attracting private-- protecting taxpayers against future bailout and promoting competition as well as preserving certain incremental reforms that have already t

housing market fannie mae and freddie mac. . sure let's start out by explaining who they are they're both government sponsored entities which means that they're somewhat private operating under the auspices of the federal housing finance agency and what they do simply is fannie mae buys mortgages from commercial banks pretty mad buys mortgages from thrifts they securitize them into mortgage backed securities and they sell them to the market and that's a wonderful thing it's quite profitable and the government has done quite well since 2008 with this model the situation is that if you privatized certain mortgages that would be available consumer to consumers may not be there and they may shift the landscape of the mortgage backed securities market but it may also do and this is what regulators and consumer advocates are very very concerned about we may revert back to a situation of 2008 where if there is a less government intervention and oversight we may have a situation where subprime were non-conforming loans are sold as part

freddie mac and fannie mae are allowed to hold $3 billion of capital apiece.agrees if they run into problems like 2008, that would be totally inadequate, wiped out almost immediately. are taking the steps of letting them retain quarterly earnings until anddie gets to $20 billion fannie mae gets to $25 billion. based on the current earnings profile, it will take the companies may be a little more than a year. then we will see what happens. still not enough capital for them to be private companies, so you are looking at something like an ipo, maybe some other form of raising money to boost capital buffers. but this is going to be a long and winding road. kevin: a month ago there was chatter in the wall street world about whether there would be a slowdown or recession. headwindsk at those about the future, next 15 months, what impact does that have on the trump administration from moving forward on fannie mae and freddie mac? jesse: the problem with fannie and freddie is that no one really quite knows what the impact would be on mortgage rates. shery: [laughter]

that fannie mae and freddie mac didn't have to go into receivership.l ackman owns both the common and preferred. i'm not saying hel's part of tht fannie-gate. liz: you can play these swings. that's what some investors have done. >> they made a few bucks. these shares traded as low as $1.50 not too long ago. they have been up all year. the notion they were going to go through the roof on this plan, it was going to be a massive recapitalization, that the government was going to forgive every debt of fannie mae, they were going to leave conservatorship like yesterday and start building up capital, this plan did not say that. we should point out that shares of fannie and freddie are off their lows today, so they are up a little bit today. liz: in the commercial break they were down 9% and change. now 8.5%. >> they were down 12% earlier in the day on the initial news. here's the thing. what i would say is this. it's now the ball's in mark calabria -- treasury laid out a bunch of sort of proposals to get them out of con servservatc. it's up to him to impleme

director of the federal housing finance agency who serves as the regulator and conservator of fannie mae and freddie mac. i want to thank each of you for coming to the committee this morning. last friday marked 11 since the government bailed out and put fannie mae and freddie mac into conservatorship, where they remain today. prior to 2008, the government-sponsored enterprises held a 45 cents in capital for every $100 in mortgages they guaranteed. now just 19 cents after a historic 200 billion-dollar bailout from taxpayers. 11 years later they continue to be too big to fail and are even more leverage than they were before the financial crisis and taxpayers inevitably remain on the hook to developing for administrative and legislative reform of the federal housing finance system many of the legislative recommendations in the plans that were released on thursday or consistent with my off-line in the system including attracting private capital back into the market as well as preserving certain incremental reforms that have already taken place during the conservatorship including a robust tr

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we will talk about the future of fannie mae and freddie mac. good morning.est: thanks for having me. host: tell us what fannie mae and freddie mac are, and then tell us what the trump administration is proposing. guest: fannie mae and freddie mac are the biggest financial institutions there are. than j.p.bigger morgan and freddie is bigger than citibank. factors.the dominant one think the administration is doing is trying to figure out freddieet fannie and with her $5 trillion of risk better capitalized and in a more competitive state. host: for those of us who don't really follow this, when you say fannie and freddie have no capital but they have $5 trillion, what do you mean by this? guest: fannie and freddie guarantee mortgages. they are the biggest concentration of mortgage credit risk in the world. t dollarsn with a they are on the hook for. failed in 2008 and disastrously from guaranteeing and making bad loans they were taken over by the government. since then they have run 100% backed by the taxpayers. between the $5 trillion in risk and the taxpayers

meanwhile, jenny mae has over $2 trillion in mortgage backed securities. it's imperative they conduct their business in a manner that protects american taxpayers. fha must maintain an appropriate level of capital reserves. it's unacceptable for the agency to ever again require a draw upon taxpayers funds to sustain its business as it did in the previous administration. our plan strengthens fha governance and fills it well above the 2% minimum to sa safeguard against market decrease. to fulfill this duty to taxpayers and to insure it continues to provide affordable access to mortgage credit from mission focused borrowers, fha needs independence from broader hud protocols that govern staffing, procurement and technology. therefore, our plan is recommended that congress enact legislation that would restructure fha as an autonomous government owned corporation within hud. in conclusion, the presidential memorandum provides an opportunity for congress and administration to work together to insure fha and jenny mae serve their missions effectively and sustainabl

last friday marked 11 years since the government bailed out and put fannie mae and freddie mac in the conservatorship, where they remain today. prior to 2008, the two government-sponsored enterprises helped 45 cents in capital for every $100 in mortgages they guaranteed. now, they hold just 19 cents. after a historic 200 billion-dollar bailout from the taxpayers. 11 years later, the systemically important companies continue to be too big to fail and are even more leverage than they were before the financial crisis, and taxpayers inevitably remain on the hook in the event of a mixed market downturn. in march, president trump signed a presidential memorandum directing department of treasury and housing and urban development to develop a plan for administrative and legislative reform of the federal housing finance system. many of the legislative recommendations in the plans that were released on thursday are consistent with my outline to fix our housing finance system including attracted attracting capital, protecting against future bailouts and promoting competition. as well as preservi

. >>> the trump administration calling to privatize fannie mae and freddie mac, when we return, we'll wndo with the former head what does that mean for the housing market more power lunch after this. at fidelity, we believe your money should always be working harder. that's why, your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today. under way. major players went in front of a banking committee this week. di nachlt a olick has the next steps. diana? >> reporter: that's right. negotiations are now under way between fannie and freddie's to allow the two to retain earnings and release them from conservatorsh conservatorship. secretary mnuchin said to do that will require some kind of payment from fannie and freddie. it takes all but $3 billion from each's profit. >> i think they need a lot of capital. let me just say. you know, we're looking at $3 billion and each is irresponsible in the terms of capital and there's no way that they could operate if they couldn't draw on the trea

this is 11 year-old ellie mae the liver township to accuse to love being the center of attention whenellie mae this is what she looked like when she was brought to the nebraska humane society few weeks ago. >>her for severely matted and she was in poor health. >>it basically just looked like it was a container of mops dirty mobs and then we saw move a little they realized this blob of hair was actually a dog. >>veterinarians and rumors quickly attended daily may someone frantically waved me in here like we need you jenna bassler was one of those helping care for early may she just started here 3 weeks earlier. >>really just getting through adding um i thought the emotional part would be a challenge which i mean the emotions going to come after is you kind of just shut those emotions often use like i need to help the stock and the 3 of us all this shaving her down and finally found a diamond in there along with in tangled hair groomers found feces and other debris in the dog's coat. >>overall they remove almost 9 pounds of hair, her nails on her paws were around 6 inches long. unfortun

before the release of the author's book, i can't help but wonder if the timing has something to do with mae decision to run the story. maybe sell more books. they also lead out what commentators are now calling new allegations. let me be clear, this is not an allegation. it's barely a thirdhand rumor. these writers, can you believe this? these writers do not even speak to the man who they claim originally recounted this rumor. what is left is only layers and layers of decades old hearsay. no more cooperation, no more verification, not even anything from the accuser himself. nothing most importantly, nothing from the person who was allegedly involved. now the most shameful piece of this episode is that it took more than a full day after publication for the editors to intervenean and to provide critical context. the editor's note added to the story last night reads quote, the book reports that the female student declined to be interviewed and friends say that she does not recall does not recall the incident.le let me quote again. she does not recall the incident. that is the alleged victim. t

we'll talk about fannie mae and freddie mac.ounder of papa john's pizza speaking out this morning exclusively to me in his first interview since being pushed out of the company that he founded. john bar a aso is here talking about peace talks with afghanistan, niles gardner is here talking brexit and senior judicial analyst judge andrew napolitano on big tech's anti-trust suit and doug collins on the upcoming inspector general report as well as the new move out of the judiciary to try to define impeachment. all that coming up this morning right here. markets of course pointing to a gain at the start of trading. futures up 63 points on the dow, s&p is up 8 and nasdaq's up 21. we had new data about the chinese economy showing signs of weakness. august exports to the united states took a hit, down 16% to $44.4 billion. this is a clear sign that trade tensions with the united states are having an impact. yesterday, i spoke to peter navarro on sunday morning futures about upcoming negotiations with beijing. what can we expect from th

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steven mnuchin unveiling a plan that would re-privatize fannie mae and freddie mac. it was back during the bush administration that the republican part of that $190 billion bailout from taxpayers issued a conservatorship for fannie mae and freddie mac. as of now, they make up about half of the mortgages in the $11 trillion mortgage market. it is a long shot to get them privatized. even behind the scenes, talking to sources this morning, republican saying something they would like to see happen, but with the divided government and heading into an election year, the plausibility of this getting over the finish line remains a challenge to say the least. also presentrdles some opportunities for hedge funds. that would mean they would be able to invest in this type of market. the administration says they want to see more competition in the mortgage market as well. it is a benchmark, it is a long way to go, but a long-awaited unveiling from the treasury department. david: it is a process. you have to start somewhere. many thanks to kevin cirilli. let's go to detroit. i was

maybe notrnhisg, c m allanyy mae the beltway started in the 40's.of you the low 40's, i think we're at least 5 and around 60 overnight tonight. but then the warmup begins intol ytart to be pretty likel eor humidity. mht i think most of the weekend at least we're o the dry side but t or wchwiat will be hot, i9s washetaed at 45 tdegrees, so heand one of thosek smear hal se eper, fdayes and w down to texas, where's pillli din this iomeecomuin strp urs papss, humbertosystemncern.f ec tn north throula the atic. one place vulnerable is bermuda reeling fromet gtie fng effects. this lks l it comes close. someweek, heaupot rwise, the east coast looks like we'll get as o nhing rated to jerry. back to the end, high as the begupwa sprotecting us , guys.>> s mber isas child hood cancer awareness month. every wednesday, a couple t who lostir own son to cancer this is children had that national medical center with carts full of toys for childrene battlingr. >>> gary mcgrady was at children's national to see toys and treats delivered first hand. y i don't k know or

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$15000000.00 to settle claims that conspired to break the prices of bonds issued by mortgage lenders fannie mae and freddie mac. is the 1st of 16 financial institutions to reach a settlement in the u.s. which has known me to be wrong doing. and here is just weeks away from a presidential election and protesters are demanding the government declare a food emergency spiking inflation is leaving the nation's poorest struggling to feed themselves use a 100 holes a bosio reports. 60 year old housewife. lives in a hut without running water in the city of science pena in the northern argentinean province of choco she has 11 children to live with her and there's also her 4 year old grandson benjamin he is recovering from severe malnutrition. and he said often it is very difficult to buy the things you need. she needs between 4 and 5 euros for their daily food needs she says the money comes from her children's allowance her daughter's disability pension and the wages her son earns whenever he can pick up work but there is often not enough money. and yes my son does odd jobs and gets paid in the afternoo

de dias luchando por su vida ,esta manana familiares confirmaron a medios locales la muerte de lily maeajo el tema es que dias despues, comenzo a experimentar fiebre y dolor de cabeza... al principio, su familia penso que era una infeccion viral, comenzÓ experimentar fiebre y dolor de cabeza al principio su familia creyÓ que era una infecciÓn viral hasta que una noche su madre escuchÓ ruidos extraÑos que venÍan del cuarto de la pequeÑa, al entrar se dieron cuenta de que no respondÍa y la llevaron al hospital. le hicieron una punciÓn lumbar en donde determinaron que habÍa adquirido una infecciÓn contraÍda por una ameba que viaja hasta el cerebro y destruye el cerebro. sÓlo cuatro habrÍan sobrevivido de los 145 casos conocidos en 1962 y el 2018. los sÍntomas mÁs comunes son dolor de cabeza intenso frontal, fiebre, nÁuseas, vÓmitos rigidez sies, mental alterado y alucinacioneÍ despuÉs de que comiencen a presentar los primeros sÍntomas. estas nuestras condolencias para toda la familia. carolina: gracias por tu informaciÓn. es una historia muy triste para la familia que ahora llora la pÉrdid

yes it is.yb you know, mae you'd worry less if you got teicolpo heit i didn't know wiomersue.geulo co you know, malpyod yep,rry less hethey've been doing it for yea. wh at a bianks se on homeowners and renters insurance. h vo: reacr more and spread you♪ wings. ♪ singer: spread my wings and let it ride. ♪ vo: elevate your taste. yuengling traditional lar. spread your wings. ♪ >> we're back with a look at more of tonit's t stories. a lou lun csceaveho after he wai identin anscduga iesdc act engl engagedid hgeigscf at the mor i administrator there from 1984 t teaching in police officers caframes.n be wearing body supervisors will vote on the ir proposal fafas amongunty pco ous. will beon dollars. >>> a bipartisan gro ofrs hav ie a tre slatn tio to t dartmt ofre commendationsco toun state and siowgnlsoofe so a ts possible. it would get inp 20 acts engineers and first tercrespond >> employers pple sed on age gender or race. a montgomery counncil member say they shouldn't b able to discriminate against hair styles ear so he's bill.enal explains tyof acolorg locks, afros, curlsr ee odts tt y

. >> it may be vanity rather nakul mamahendro: itit never mae sense t to me that,t, like, yoyou walk intnto this resestau, everything is s super formal, ad thehen you go and you sit d down and youou're,, like, oh, i'lll e the 10.99 buffet. okayay. 10.99 buffet, you know. sso we were e just like, you kn, let's just scrap everything. let's starart fresh. like, what do we want our restaurant to look like? arjujun mahendro: we wanant to change the perception of indian culture in america. so how do we pusush th n needl forward and how do we grorow? nakul: we're going to seserve, like,e, the most t bomb tradidil indian food. '

here at mae sonic and euclid, a two-story berm, we adjust a grade down to meet the sidewalk, creating an accessible connection all the way through to california. working from the beginning as part of the design team, we identified substantial opportunities to meet and exceed the guidelines for sustainability. the open spaces perform multiple functions. starting with wellness, getting people outdoors and walking, increasing the size permeability, decreasing storm water runoff. eric has been working with city planning to pilot the biodiversity guidelines for the city. beginning with looking out the pedestrian realm, within the site. we recognize opportunities around the perimeter of the site to improve and enhance the pedestrian experience. at pine and presidio, euclid and mae sonic, were fast moving traffic makes it an inhospitable place to be on foot. at these locations, we have increased the size of the sidewalk to make a more comfortable place to be a pedestrian. at the edges of the site, the buildings are designed to meet the sidewalk bringing people to the street, the site access

this is to and government control of fannie mae and freddie mac.een under government control for the last 11 years can basically since before the financial crisis and the billion dollar bailout. the treasure secondary in the second day of housing and develop it will both testify. basically saying that the companies have become profitable again, rather than the profits going to the treasury, they will instead go into an account for those companies to create a cushion in the event, perhaps, of future issues. >>> a woman is recovering in the north bay after getting hit by a car in a santa rosa neighborhood. it happened last night at west eighth streets and north dutton avenue. the woman was crossing the street when a driver may have been distracted by a phone hit her. the driver stopped and cooperated with investigators. the woman who was hit is in stable condition. >> a new lawsuit against san francisco. the national rifle association is accusing the city of violating its freedom of speech. the suit comes less than one week after the board of supervi

the trump administration unveiling its plan to privatize fannie mae and freddie mac.he two companies were bailed out by taxpayers after they nearly collapsed in the financial crisis. lauren: hillary vaughn is at the white house with the details. good morning, hillary. >> reporter: good morning, lauren and ashley. the treasury department along with the department of housing and urban development is recommending that the government release control of fannie mae and freddie mac after they turned into government sponsored enterprises following the housing crisis. right now, fannie and fed dry fe giving the government billions in revenue after the bailout. now the government has a plan to restrict future bailouts. there is no timetable for them to exit conservatorship. this official saying it could be through a public or private placement. treasury officials also say changes could be made to fannie and freddy's net worth sweep. right now, all their profits go to the federal government but that could change. however, there are no details yet on how much. treasury is submitt

so, we just saw two, mae 3 coyotes within this picnic area. so, they know that this resource is here on a regular coyotes are doing pretty well in this urbascape thanks to their adaptability, but the mountain lions are another story. they really need solp if they're going to have a populhere for multiple generations to come. i use camera traps, which are motion-activated cameras that have a sensor in front that's ggered by motion or heat that allows me to document wildlife that is using a particular area. and each photo or each image is time- and date-stamped to tell me activity levels of certain species. oh, there he is. walking right pastme on the rail. yeah,.he's looking healt he's walking really well, which is great to see. griffith park, and when i say "kind of adapted," i mean that he has retained the samef behaviors rural counterparts in patagonia and in the western santa monicas. but at its core, his story is aboutis survival. and a lot people can relate to a story where it's about an individual basically facing some very, seemingly in

scientists are warning that mae ive ice sheet covering greenland may have melted by a record amount this year. in the last 12 months, it could have lost enough ice to raise the average sea level by more than a millimeter. our science editor returns to one of greenland's fastest shrinking glaciers which they firs >> a barren and hostile landscape that is melting and breaking apart. the deep cracks or where future icebergs are born. soon, they will add to the level of the oan. we tried to get a closer look. >> [indiscernible] he surface looks like something from the moon with dust a poltion with microscopic w algae. i have seen that for myself. i came to this same spot. this massive wall of ice behind me. the effect on the glacier is startling. back in 2004, there would be 100 meters thick or that iis now. -- sick or tsin it is now -- or -- thicker than it is now. it is going at an incredible speed. the box tracks how the glacier has been shrinking. >> it is record belt at this -- melt at this location. >> it is at risk because of the way the temperature haen. >> is a death sentence for th

on the brief today, from capitol hill, kevin cirilli on treasury secretary mnuchin fannie mae and freddie mac testimony. emma chandra from london on the next brexit move, and michael mckee on new inflation data out of china and what it tells us about the state of the chinese economy let's start with kevin on capitol hill. let's first talk about this tweet that just came out from president trump. apparently john bolton is no longer there. kevin: president trump just tweeting "i informed john bolton last night that his services are no longer needed at the white house. i disagreed strongly with many of his suggestions, as did others in the administration. he goes on to tweet that i asked john for his resignation, which was given to me this morning. i thank you john very much for his service. i will be naming a new national security advisor next week." it comes following the developments over the weekend with the planned meeting president trump canceled with taliban leaders at camp david and comes at a crucial time with regards to the president's middle eastern policies. remember, jason green

could the sudden spike help the housing market i'm joined by doug duncan, chief economist at fannie mae. >> low rates and they dropped so quickly over the last six months or so or a year, have helped the finance market but not done a ton for the housing market overall. could this cause people i better jump in now before rates keep climbing. >> you're right to divide it between refinancing and purchasing refinance is an execution of an option on interest rate differentials. you can do that without moving your family. it's a bigger issue to buy a house because then you're going to move your family and your household, so that action tends to be slower if you were at the margin of making that decision, it's a good chance to jump now. so people who were -- who had gone through the process of finding a house, finding a mortgage that they like, a lot of them will have locked in an interest rate and jumped. >> so what do you see happening with the market as we get into the fall, because anecdotally, there's a lot of talk about inventory coming on the market, maybe a little bit of a delay, it wa

still investigating the case and has not yet determined at whr ethd oet ng ton, wrs will facee gas endo mae, an emp cuintenance worker smelled anedpr tophee building befere twshe had just o investigate the leak when the building blew. really pros what's wasndap hpe tngnihet ere. it was crazy.heger eve wryh as heardsses sul wlabest for miles away. lyho bused altple n with cni and intellectual disability, officials think a gas leak was the cause of the ew,losion. >> we want to take you to o maskhoyments, homeowner checkw no hla ars.ft terhe ere, the i suspects they knock on the door, nobody answers, then they continue to kick the guys.ret or >> wowgrtht that'ems ion aftermoments in phoenix, dring spo the highway in the middle of the day. the off duty tro immeop t of sd thtaopprut his carop h thpee d driver elderly and escortsodayfe. scary issa that? losnerdsne m onsp you and thinka of the take it like a kid challenge? hoodciously and messy way thild th deloped by actor and musician kevin bacon already taken thed challenge an today kids got chance to take pt in the cake smash national institut

the smart works capsuleon is mae pieces that average people can buy on the smart works website. and for every outfit purchased, a free one is donated to a woman in need who is joining the work force. >> you'll know when you put on that blazer or that shirt, that some other woman on the other side of this country is wearing that piece because you made that purchase. >> the tote is already sold out online. >> i went to see it. i touched it. i can report that the leather is butter soft. if you look at the pieces they're very meghan. the white misha nonoo shirt, well, very similar to the shirt she wore to the invictus games. >> topping's meghan's look today, princess diana's favorite gold and butterfly earrings. one of diana's favorites. >> perhaps she feels that they're her lucky earrings. >> they're not part of the collection. i looked. >> you tried to get a bag too, right? >> in both colors. out of stock. >> our crazy night out with the movie, music and daytime star. >> plus, what's the one thing brad pitt won't leave home without? >>> coming up on "e.t." we are kicking >>> look

joining mae on the phone republican texas state senator kel seliger.nk you so much for joining us. appreciate it. i first want you to react to what we just heard from that woman that was interviewed by my colleague alex witt. someone who was personally affected by this shooter, a gun was held up to her window while her husband was inside the car, while her 2-year-old grandson was inside the car. is this what it's going to take, to be personally affected by a shooter, by a mass shooting in order to want change, to try and change the gun legislation in this country? >> every one of those stories and personal experiences are very, very compelling. they're horrifying and scary. every one of us thinks, what if that were me in my car with my kids in the car? we've got a serious problem confronting this in this country. we have a serious problem confronting us in this country. every one of us have that problem -- in schools, churches, shopping malls. clearly, as governor abbott said yesterday, in odessa, when he said he's tired of mourning texas citizens kill

jessica simpson sharing that she has lost 100 pounds since giving birth to birdie mae six months ago.jess said she had gotten up to 240 pounds and, quote, so proud to feel like myself again. even when it felt impossible, i chose to work harder. >>> also looking amazing meghan markle, just four months after giving birth. why was she just spotted without her wedding ring? our royal expert katie nicholl has all the answers with the royals in south africa.reaced h turquoise ring and a plain gold band. the reason? >> she's made a deliberate choice not to wear the ring. it's because of the work the couple is doing. they'reeesouth africa. it's all part of meghan's drive to be more understated. she doesn't want to be seen as flashy. >> the duchess is also going low key with her fashion. this morning it was a denim jacket and skinny jeans. then she wore a head scarf and a belted olive green dress while visiting the mosque. and this evening meghan recycled, rewearing this striped dress she wore last year in australia, just after it was announced that she was pregnant. >> cape town, her first vi

what maes this whistleblower different? >> it's very interesting.a whistleblower, what he did was what edward snowden's critics said that he should have done. the whistleblower went through official channels and used the chain of commands to file his complaint. he did not leak anything to the press. he did not steal any documents. we have too have a look at what happened in the last two weeks. after the complaint was filed, the cia and the acting director of national intelligence went to talk to the white house, to those people who may be a brocaded in the complaint. that is telling. it shows us that the authorities still have too much power to decide the fate of whistleblowers. >> that's a very good point. it will probably about more as the proceedings move forward. thank you. you're watching dw news from berlin. still to come, the opening weekend of the world i thought escaping ships in qatar. we will tell you why it has people hot under the collar. that's coming up in a moment. here in germany, volkswagen was in court today. the multinational ger

to the feds to stay afloat president bush today defended the decision to bail out citigroup fannie mae and freddie macin asked for a total at green $1000000000.00 more to sail out could get much bigger than billing even in troubles for the u.s. economy. and they're building up the next term. b. each time the taxpayer is called on to bail out of those who created the crisis increasingly the major financial institutions. in a capitalist economy you would do that in a capitalist system that would worry about the investors who made risky investments but the rich and powerful they don't want a capitalist system they want to be able to run to the nanny state as soon as they're in trouble and get billed a taxpayer it's called the too big to fail. i mean there are no bill or it's an economics who significantly disagree with the course that we're following people like just stiglitz paul krugman others none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before

available or oncece they'veve taken on cecern obligagations can startrt asking ththselves whihich are could maesense for me -- which card could make sense for me. reporter: maybe i will get to that stagege one day, but for te moment i will remain carless, and maybe that is for the best. brent: well, they were part of the most influential school of art and design in the 20th century. bauhaus brought together architecture, design, and art with the idea that form should follow function. it was conceived 100 years ago. in the anniversary year, a brand-new bauhaus museum is open in gmamany. porterer: it is not just there to livee in of the town center. it is dedesigned to provovide a bridge between the city and its bauhaus architecture. it was created by the spanish architects office and its stringent functionality only becomes apparent on the inside -- twowo pylons on the frontnt d back allllow a 50-meteter bridge without further r support. 1500 square meters of museum above. below, there is plenty of room for a range of activities. for example, this mobile color artwork by lucy raven. it'll lose t

. >> only secondse thought was mae he shod raise them many >> he said on twitter he'd be muchougher on china after the re-election. chamber of commercet saidng back to the negotiating table would be thr effective. >> i think it would have bn much better doing that than continue tog ratchet up ofet whs got the bigge available at the time. all going to be paid by american companies andsumerican crs between now and the enof f tof year. we should do better! a cndl between u.s. chinese officials slaed thursday did not produce any relief. the two sides had been discussing in person negotiations, b no date has been set. >> by the way,ater in the program, we're going to take you roughly half the world's makes christmas lights and ornaments. we're going to see how things have been charged there by the trade war. >>> when investors are not concerned about trade, they are worried about the federal forwr interest r res and that concyn will likuild ahead of its policyng mee later this month. steve liesman takes a look at what might lie ahead for the fed. >> the breeze investors feel is a global dow

this is the possibility of a mae deal for him. here is reaction from attorneys for the two defendants gym a pained, i'm anguished. i'm trust raid but we will win next time. >> i was always under the belief that max harris was innocent anti-did what i had to do to get him home. our hearts are with those families and everybody who has been victimized by the tragedy. >> after yes' court proceeding, attorney for harris shifted the blame to the city of oakland and its fire department. curtis brig said not enforcing veilations in the warehouse contributed to the fire. >> i lost my son and this is what happens. you am not happy about this. >> absolutely. i'm disappointed there is a pan walking out there that should be in jail right now. he was willing to take a plea deal for six years, okay? you tell me that is a not guilty person. come on. >> some victims' relatives said they simply wanted someone to be held responsible. >> having machine else suffer is not going to make me happy. i just wanted some accountability. >> all 36 victims die

banksend to flippers and fannie mae,ac freddie m pan the fha back a limited number of inveor lone loanshe says big banks ban are t. >> any will are roooo being fog are the two wage earn are or income from a easily sourced job for example. they can verif income. they know you are good for the loan. >> he goesom tonity banks which b can interview him personally and better understand the rwriting on investor lone loans is general is stricter n than it was during the last housing boom. there is no such thi as no dock no down payment loan banks have been burned. >> lenders are clearly aware they want return on the mortgaga lendin well. given the price ireases with less chance of price decline, given the h singshortage, i think it's a little safer environment. but foreche market toe and both lenders and friendshipers apparently with working it out. >> the housing market is stronger today wit with low mortgage rates and rising home prices. if the economy turns weaker and no longer be aafe bet. for 9mmusiness report, diana olick in maryland. >> coming up, the fight for streaming dominance heats

fannie mae and freddiedd mac introducing more competition.th dropped more than8%. >> alibaba isg buy chinese business from t gaming company net ease for about $2 billion. th sell imported products in china including clothing, consumer electronics and luxury goods. they slipped more than 1% to 176.69. >>> symantec has repordly ceived a buyout offer from two private equity firms. quoted inhe "wall street journal", they would take control of the security business while preserving broadcom previously announced acqcqsition of symantec's enterprise security assets. the deal could be valued at about $16 billion. shares rose to 24.52. >>> which brings us to our weekly market monitor with a list of companies she says will nefit from the services sector investment in the cloud and network security. joinin us onc again is nancy pengler chief investment officer of the tangl management group. welcome back. nice to see you as always. >> you too. thanks for having me. hello, bill. >> bill just talked about. broadc it is one of your picks. >> yes. >> why do

zone consumer sentiment in housing did improve in august according to a monthly survey from fannie mae, but mainly because a lot more people think mortgage rates will keep falling. but other components were not the so he rosie. fewer people think now is a good time to buy or sell a home and more are worried about losing their job in the next year that really takes sellers out of the driver's seat. back to you. >> would you say it is a buyer's market or are we in the no man's land >> reporter: if you are in the middle to upper end, it really is a buyer's market because there is a lot of supply it is that entry level part of the market where there is very lean supply that it is probably still a seller's market. >> diana, thank you. >>> ryan is a top selling real east state broker and star of the show million dollar listing new york and also the author of the book called sell it like serhant. ryan, thanks for being here. you were on the front lines of all of this action how would you describe the market right now >> the market is very much a buyer's market and it has been a buyer's market

reporter: consu sentiment in housing improved in august, according to a monthly survey from fannie mae, mainly because a lot more people think mortgagl rates weep falling. but other components of the survey or not so rosy. fewer think now is a good time to buy or sell a home and more job in the next year.ing dustin collins and his wife have buthey're not willing to rush into a new house. >> knowing the frenzy is overll and w be able to find -- it's more about finding the right house for us than paying a little too much for us maybe. feel now that houses are sittsg a littllonger, it gives us more of an opportutyd to fe house we want. >> reporter: a house they want with a price that fits well in their comfort zone. i'm dna olick in washington. >>> let turn to skyler olson, seor economist at zillow. welcome back, good to see you again. >> thanks for having me >> the one group that you're most concern about are those first-time buyers. why? what do you think is going on ere? >> yeah. the entry level housing market is where weaw kind of the most abrupt slowdown through this past home shoppi

housing trumpe system by the administration, including an overhaul of mortgage finance and freddiee mae mac. and then author and surgeon his new book the price we pay. what broke american healthcare it.how to fix the discussion. >> neil gorsich discusses his book, a republic if you can keep it. >> madison knew this when he wrote the constitution that promises.just he didn't even think we should have a bill of rights if we got the constitution and structure and separation of powers right. angels that men are not and that the key to your liberty is keeping power separated. >> and then on sunday at 9:00 eastern, on afterwards, in his inc., book fentanyl, journalists report on how labs in china manufacture the drug. he's interviewed by new hampshire democratic congresswoman anne mcclain founding cochair of the bipartisan opioid task force. days, if youold were a scientist at the university and you published your paper and it went into some, you know, university pretty obscure, hard to find but in the internet age, of these papers were published online. >> and publicly available, around the