additionally on september tonight fsoc voted to descendents designation of aig. him and understand fsoc is given the ability to designate non-bank. >> translator: transit under sn 113 of the dodd-frank. given your comments on fsoc today, should the banking committee consider changes to section 113? and to the structure of the fsoc more broadly, you mentioned greater transparency is necessary to fsoc. would you recommend other changes as well specific with regard to this section? >> again, i do have specific recommendation to that section because i think there are things we can do at the committee level. as you mentioned in the case of aig they were de- designated because they significant reduce the risk and i was the decision the committee. in the case of metlife there was a legal view and a decision to drop the appeal, and so i don't think we need legislative changes at this point. >> i know senator scott had done a series with regard to the cost-benefit analysis that were being used. just curious, kind of like to follow a little bit with his questioning, do you

additionally, on september 29th, 2017, fsoc voted to rescind aig. these moves leave prudential as the lone nonbank designated sifi. i understand that fsoc is given the ability to designate nonbank sifis under section 113 of dodd/frank. given your comments on fsoc today, should the banking committee consider changes to section 113? and to the structure of the fsoc more broadly? you mentioned greater transparency is necessary to fsoc. would you recommend other changes as well, specifically with regard to this section? >> again, i don't have specific recommendation to that section because i think there are things that we can do at the committee level, as you've mentioned in the case of aig, they were dedesignated because they significantly reduced their risk. and that was the decision of the committee. in the case of metlife, there was a legal view and a decision to drop the appeal. and so i don't think we need legislative changes at this point. >> okay. i know that senator scott had done a series with regard to the cost benefit analysis that were bein

insurer, aig, metlife and prudential were globally systemic and important insurers, but at that time only aig had been designated by the fsoc as a systemically important institution in the united states. prudential wasn't designated as a cify and metlife not until december 2014. since the fsb operates by consensus, however, this means that for months before the fsoc designated prudential or metlife or a predecessor at treasury, and the chair of the fed, two of the most important members at fsoc had already determined as members of the fsb to designate prudential and metlife as globally systemically important and i would assume that on the global scale it must be systemically important in its own home country. i wonder how the fsoc designation process for prudential and metlife could be considered an objective. the treasury and the fed, after all, had already determined as members of the fsb that they were globally systemic. do you believe that this was simply a show trial by the fsoc in 2013 and 2014? >> senator, since i wasn't there i can't comment on it specifically although i unde

you are out of lifelines. a winet, but $30,000, which is aig it's a pivotal part of this game to getold of $50,000. that would guarantee you at least 50 grand to take home. you ready for this? >> yes. yes, i am. >> you've been on a good run.t'w >> let's play [dramatic musical flourish]ire." okay, here it is, $50,000 question. located at about 42 degrees north, the southernmost point iy

aig did not respond to our request for comment. they say they operated burn pits safely at the direction of the u.s. military. it's impacting veterans as well. they've created a burn pit regist registry. some veterans tell us it's too little, too late. >> bret: up next, we'll go back to south florida live and check on the conditions of some of the survivors of yesterday's school shooting, and bring you the latest. first, beyond our borders tonight, russia is acknowledging five of its citizens may have been killed in a u.s. strike against pro-syrian government forces. the february 7th barrage came in response to an attack on u.s.-backed syrian kurdish fighters. secretary of state rex tillerson said the u.s. has never given those fighters heavy weapons. tillerson made that comment in beirut, part of his visit with european allies. south africa has a new president. he was sworn in following the resignation of jacob zuma. the longtime president stepped down, after an ultimatum from lawmakers brought on by years of scandals. just some o

they buy aig and metlife in reducing -- they join aig and metlife.is buying brian creator of such hits as american horror story and glee. get $300 million over five years for leaving 21st century fox. shonda rimes, creator of gray's anatomy and scandal. netflix is pushing to develop its own content, while competitors such as disney and fox also -- spending more on love this year. retailng to the national federation, americans will spend an average of $145 for valentine's day. that is up from an average $136 average last year. the nrs estimates total spending will hit $19.5 million, the second highest in 16 years. jewelry will account for more than $4.5 billion, followed by an evening out, and then flowers. i am very happy it was diamonds versus electronics. getting back to our previous conversation. scarlet: trading rebounds with the return of volatility. julia: this is bloomberg markets. credit suisse is benefiting from the volatility raise. they reported a smaller fourth-quarter loss than expected and said trading revenues bounced back. shares rose

we're look aig head to yet another weekend that's mild with a very substantial trade off here as there'se wet weather in our forecast into the upcoming weekend i think the heaviest of the rain is likely to fall saturday night into the first half of sunday but we will be dodging wet weather in the meantime really almost at any time during the weekend and there's more rain in this forecast as well. i'll let you know when else you'll need the umbrella after the break. ♪ >>> back on "eyewitness news" this noon. flood waters are forcing people out of their home. rivers swollen by heavy rain and melting snow overflowing their banks in indiana, michigan and other parts of the midwest. american red cross says eight shelters now open in northern indiana where crews used boats to help residents evacuate their homes. in michigan state of emergency was declared in the lansing ar area. >>> katie joining us now. it seems like it was just yesterday it was so beautiful out. >> in fact it was. >> in fact it was. [ laughter ] >> yes. my gosh talk about what a difference even just 24 hours can make. we're

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities bama stake in aig or our by accident. several years ago there was a truck a surgeon here in memphis who did a study of murders in two different urban areas. seeing if the presence or absence of guards in our home was a trigger already protection order then his conclusion was that the presence of the gun was more likely to cause a murder or death by gun than the absence of a gun in a home. in this digital bundle of joy he would have no chance of surviving in the wild mother cat this can only win one cup at a time but usually give birth to. every year china puts a lot of effort into making up for this cruel mistake of nature. it was. china's panda breeding has become something of a production line. it's almost as though they've been copied three d. printed and put on show for the public. several cubs are born here each year. but only left work by dedicated scientists will be funded think if pendant of can't be encouraged in captivity it's not as though they don't practice a tool but in the same lazy way

look how many people you see walk aig cross the ben franklin bridge over to new jersey.ome decided to take that route because they just didn't feel like waiting for delays patco tains. they figure this was the best way to get in or out of the ci city. >> well, we tried to go to the patco but tickets sold out yesterday. so we decided the only way in was to walk the ben franklin. so we got here at 5:00 a.m. we walk the ben franklin and now we're walking back. >> it's a journey. it's a journey that -- lie the eagles it takes awhile but we made make it. >> they made it despite the freezing temperatures and long walk the spirits were high. it was clear today your birds had the time of their lives. just like did you out there. kristen rodgers was there in front of the art museum. kristen the mares seem almost excited to see the fans as the fans were to see them. >> really was a special moment, iain. the eagles, l we go. eagles players said they wanted to party with the city that has supported them for so long, and that definitely happened today. it was a chance to turn up a li

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities bama stake in aig or our by accident. several years ago there was a truck a surgeon here in memphis who did a study of murders in two different urban areas. sr if the presence or absence of guns in the home was a trigger already protection order and his conclusion was that the presence of the gun was more likely to cause a murder or death by gun then the absence of a good in a home. appetite i mean for conflict is very very low these days publics are much more eager to see economic improvement than they are to. actually get into a fight with a neighbor or or with other powers in the world. across europe municipalities are taking their water supply back from private companies to mean to people this is a simple song alone even some company else with they can find private companies to take over the utilities anybody tell us throw posts allowed for mr guess you got it well and the poor might be cool. been this is. just to quote them out. for you member of the list still brought up locals are ready to stand

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities bama stake in aig or our by accident. several years ago there was a truck a surgeon here in memphis who did a study of murders in two different urban areas. seeing if the presence or absence of guns in our home was a trigger or a protection order then his conclusion was that the presence of the gun was more likely to cause a murder or death by gun then the absence of a god in a whole. new criminalist released by the boy tells to and shaming into an institution those included on the list or accused simply by association. being from russia or is no one except of course for suspicion so doesn't criminalist really changes. the burst out of the jaws of. the concept of pain to perform i actually prepare myself to die. he'd want to say. as mr. q. . and a homo stuff. that was. squinty was. getting. what it was that he could with a westie it was just that yes get more education. education. at the plate for many clubs over the years so i know the game and so i guides. football isn't only about what happens on th

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities bomb a stake in aig or our by accident. several years ago there was a truck a surgeon here in memphis who did a study of murders in two different urban areas. seeing you know the pros will join an absence of guns in our home was a trigger already protection order and his conclusion was that the presence of the gun was more likely to cause a murder or death by gone than the absence of a good you know. when you don't. see. what they need more. space to. make. love to. said. you know somebody did that to. alex you speak french. about your sudden passing i've only just learnt you worry yourself and taken your last long term. we all knew it would i tell you i'm sorry. so i write these last words in hopes to put to rest that i never got off my chest. i remember when we first met my life turned on each. and my feelings to. change you talked about more like it was again still some are fond of you those that didn't like to question are are. they promised to never be like it said one does not leave a funeral in th

shares climbed t14% $19.96 after the bell the insurance giant aig missed expectations as tax changes and capacityurt results. shares rose slightly in the extended session but did end the regular day down 3% at $58.28 also aer the bell the chip maker nfd reported earnings and re that easily topped forecasts. they also gave salesorasts for fiscal 2019 that were more than expected. shares took off in after hours butinished the d regul down nearly 56 brz at $217.52. >> coming up, how to stay focused on your long term goals in a stomach-turni market. >>> there is a little bit of a n rundf some classic safe haven investment for a volatile market liks one. if you own stocks and your stress level is rising there are thinre to remember if you a long term investor. sharon eperron is here to help you navigate the ups and downs. >> reporter: it has been a ller coaster ride that maybe never expected. the recens swi in the stock market have been specially tough for long term investors who often buy and hold and now may have gotten a little ooked. re are tips on how to ride out the wild market. don

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities but i'm a stake in aig or our by accident. several years ago there was a trauma surgeon here in memphis who did a study of murders in two different urban areas. seeing if the presence or absence of guns in our home was a trigger already protection order then his conclusion was that the presence of the gun was more likely to cause a murder or death by gun then the absence of a good in a home. when you don't. see the. what did they could it. what did you. make. love to kill said. no. that's a. few speak french. yes. that's. good. that's. what politicians do something to. put themselves on the line to get accepted or rejected. so when you want to be president and should. somehow want to be rich. it's a joy to be cross that's what the before freedom or can people get. interested always in the water is a. question. the wall this getting away from us dollar as wall reserve currency a one road one bell policy linking up russia and china is out of the dollar every last trade oil away from the dollar and countries a

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities bama stake in aig or our by accident. several years ago there was a truck a surgeon here in memphis who did a study of murders in two different urban areas. seeing if the presence or absence of guns in a home was a trigger already protection order and his conclusion was that the presence of the gun was more likely to cause a murder or death by god then the absence of a god in a home. business is harder than kentucky. in this group the employees of the water industry families. a co money city with almost no coal mines left. the jobs are gone all the coal rises at. live to see these people the survivors of disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. this that will full of joy he would have no chance of surviving in the woods mother put this can only with one cup at a time but usually give birth to two. e

so-called law abiding citizens the law abiding citizen produces a lot of the fatalities bama stake in aig or our by accident. several years ago there was a truck a sergeant here in memphis who did a study of murders in two different urban areas seeing if the presence or absence of guards in a home was a trigger or a protection order and his conclusion was that the presence of the gun was more likely to cause a murder or death by a gun then the absence of a gun in a home. or not at. this little bundle of joy would have no chance of surviving in the wild mother plant as can only will one come at a time but usually give birth to. every year china puts a lot of effort into making up for this cruel mistake of nature. is just it was there any. china's panda breeding has become something of a.

insurers, aig, metlife, and credential, were globally systemic insurers. was aigtime, not only designated as a systemically important institution, credential wasn't designated until december 2013, not metlife until 2014. since the fsb operates by forensus, this means that months, your predecessor at treasury, the chair of the fed had already determined as members of the fsb to designate credential and metlife as globally systemically important. if a firm is systemically important globally, it must be systemically important in its own home country. i wonder how the app scott designation process in the last administration for credential and metlife could be considered fair and objective? the treasury and the fed had already determined as members of the fsb that they were globally systemic. the believe this decision was ocply a show trial by the fs in 2013-2014? can'tce i wasn't there, i comment on specifics. i understand your concerns. fundamentally, i believe there should be better transparency at f scott. companies should be designated, understand why they

still people out and about walk aig round but if you have plans to head out on the town tonight, be sureo pack along the umbrella because the rain is going to pick up in intensity become more widespread steady in nature it is going to be wet overnight period we'll take ugh over to the weather computer and show you doppler radar storm scan3 showing us light rain coming down across portions of berks county, lehigh valley and the poconos. philadelphia, south injuries scene the shore getting a dry spell but we are going to see the main energy and the main moisture from a secondary system that finally is going to unblock this pattern it's now up wind. you can see showers and thunderstorms across portions of the mid south snow coming down heavy in intensity across parts of the upper midwest and this low will pull in as way head throughout the overnight period there wasn't the half of the day tomorrow. for tonight pack along that slicker that umbrella because the rain will become widespread in nature. steady especially after midnight and heavy at times. this is going to be the heft yesterday of

one of the big movers to the downside is aig. >> aig reporting adjusted earnings of 5 cents a share, compared to 75 cents a share consensus. adjusted accident year combined ratio is also 100.2. catastrophe losses, 162 million, 572 million were the southern and northern california wildfires. the company preannounced $305 million on the call. ceo saying despite full-year record catastrophe losses, we delivered $1.5 billion in tax income fourth quarter review with adverse and general insurance north america commercial business showed notable improvement and reserve stability. two things analysts were looking for. first, book eserve charge, it did, but it was very, very small. much smaller than expected of course, with the commercial businesses in north america, logging underwriting department. the company took charge of 6$6.7 billion tied to tax reform and build dsa reinsurance to insure legacy life and run-off lines. this is to consolidate that. the stock just turned positive in extended hours. it had been down about 5% a few minutes ago. we get more from the conference call at 8:00 a.

she said aig refused cover illnesses because she cannot definitively prove they were linked to the burn has been battling to be recovered for several years. she finally asked the department of labor to intervene. this january a judge ruled in her favor saying they have to foot the bills for past and future medical expenses. no one responded to a request for comment. they say they operated burn pit safely and effectively. >> it's like a full-time job keeping up with my health. >> this is impacting private contractors and veterans. they have created a burn pit registry but they said it's too little too late. >> last night we're telling you about a major storm heading to the northeast. now millions of people out west are embracing for another having moderate to severe plaque psoriasis is not always easy. it's a long-distance run and you have the determination to keep going. humira has a proven track record of being prescribed for over ten years. it's the #1 prescribed biologic by dermatologists. more than 250,000 patients have chosen humira to fight their psoriasis. and they're not backing

she said aig refused cover illnesses because she cannot definitively prove they were linked to the burning to be recovered for several years. she finally asked the department of labor to intervene. this january a judge ruled in her favor saying they have to foot the bills for past and future medical expenses. no one responded to a request for comment. they say they operated burn pit safely and effectively. >> it's like a full-time job keeping up with my health. >> this is impacting private contractors and veterans. they have created a burn pit registry but they said it's too little too late. >> last night we're telling you about a major storm heading to the northeast. now millions of people out west are embracing for another winter blast ahead of the warm-up that will make it feel like spring for the folks in some of the same areas. that straightahead helped put a roof over the heads : u. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your

and at the benefit of metlife because they have some internal execution issues i like aig it's like a hybrid of life and property wells fargo is trading at 12 times its other estimates. you can get other regionals like suntrust and pnc and you don't have the your hang that's why i think the stock is going to lay i don't think you need to be buying it, not yet. >> metlife down 9% in a month. >> they have their own execution issues for sure. >> lincoln financial to me is the best it's got momentum, strong fundamentals nothing do with the super bowl and eagles victory lincoln financial is the one to buy. >> they're all happy people i bet. >> sure. >>> all right. a lot more on "halftime report." don't move. >>> next up, see why this stock is getting a sudden upgrade. plus, what the charts are telling one top technician he has a market note out today that makes a very compelling case for investors to do something very specific. >>> before the break, our data partners on what happens after big s&p days like we saw friday. volatility stays out for a week. in the end, the index winds up posit

economy cvs health, t mobile, kellogg, twitter, viacom and yum brands reporting before the open bell aigexpedia, news corp. are out after the close. >>> double dose of deal news fox talking disney and sky in its latest earnings report details coming up. >>> and another check on futures. the dow is lower by 126 points in the premarket "worldwide exchange" will be right back what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> welcome back to "worldwide exchange." let's get you up to speed on the market action. here's the premarket set such. the dow is lower by 130 points s&p 500 down by 13 nasdaq lower by 21 this comes after yesterday we did see a big intraday reversal. the dow was up 230 points on the day but closed lower by 19 points wti crude down by half a percent. ice brent crude lower by a similar amount, trading at $65.20 yesterday we did see some data on production, a big ju

it said that ever since the deal he did with aig where he bought the long tail, the reinsurance firmor long-term care, he missed it. he actually used terms that i would on the board of ge i would be shaking he basically said -- >> you mean it will be more than $22 billion, jim, is that what you're saying? >> i think so easily how can warren buffett be so wrong and fast in the same year? >> they are hoping it is a contained number, 22 billion. >> he disparaged the deal to make a deal with kansas and the regulator there. it was devastating >> it says we got it wrong if we got it wrong, what else is there? i would not disagree with warren buffett's analysis >>> we'll talk about health care and a lot more we'll get to other news as well including qualm.comcomm's messa broadcom we're back in a minute where can investors seek predictable income in an uncertain world? pgim sees alpha in real assets. like agriculture to feed the world. and energy to fuel its growth. real estate such as e-commerce warehouses. and private debt to finance transportation and infrastructure. building blocks of st

table on looking really strong, nvidia posting amazing numbers and they expect much better guidance, aig missed. here is the thing though initial selling was curved by manage am 's comments and then acti vision which offered extraordinary guidance for the current quarter well above wall street estimates so this is developing into an amazing place where we are right now and it's an amazing chance to make money and i know you're afraid and i know many may become even more afraid but the more afraid you become the greater the opportunity. again make sure you get my commentary at wstreet.com where soon at a place where you should be buying and maybe come out of the foxhole. by the way all the market volatility leaving some to wonder where do we go from here so i'll bring in more experts and get their advice and their thoughts, right? and we'll discuss it right after the break. charles: another day on market turmoil the dow plummeting 1000 points, so how do we deal with the next several days in the market. i want to ask steve dudash, president of ihc wealth management and steve let me start w

intrudes upon their civil liberties and their privacy and i'm wondering are we really talking about aig that are neutral and if so do you have any idea how far away we are from having those check points? >> i think ms. mcmorris or ms. griggs. >> thank you ranking member. i would say right now as a result of the broad agency announcement we have several initiatives and we are currently demonstrating a solution that would eliminate any gender specific alarm and how to make that distinction and we are working with vendors that is gender agnostic. right now one of the -- certainly continue work to bring that together as quickly as he can. >> understand you are looking for gender-neutral technology. do you have any idea how far away we are from having someone employed in the airport? >> i do not at the time. >> that's something i really would like to know. something that's really an important issue in consideration that we need to look at and sort of an expedited way. you said the new hires are trained in the georgia facility. what do you do about the current hi dairy zoo haven't had the ben

. >> she has aig >> it is not easy. it is not easy. but you do in your life. you plan for it. you plan for it, how to meditation or how to be prepare. you dent wanting to in and in the prepared. you>> real quickly here is what your twitter handle because i will in the take these karen fo. >> we can have a discussion. >> everyone has. you never necessity what will happen. you need an emergency c-section, my ownadam a differet experience. >> only thing i can reference is in the movies. buke i hate you, don't you touch me again.k at i joy, i thought for sure after about 35 hearstheeaming at me. this is your fault. >> but, movies playing for laughs. you get through it. >> it is in the like that, honey, hold my hand. >> you think through. i didn't scream at all. >> you didn't even scream. >> wonder woman. wonder woman. >> we need another with man here. >> you don't need to be a hyperventilating, because that is in the a good way to deal with any crisisy thought breathing is key. >> mentally. >> lets get back to the original research. >> touch of the human being would help you throu

. >> so it will be slip slide aig way type of thing. >> that's wednesday and of course parade day isat's awesome. what great shot. >> isn't that great. >> i love it i can't get enough it perfect for the parade on thursday. 5 degrees rig in pottstown. 27 in philadelphia and 21 in millville. doppler so we have a few clouds that will be rolling in tomorrow. we have some sleet and freezing rain but it's all go to end as rain late wednesday it will bearade on thursday. windshield he speeds pretty quiet calm most the region we northwest. future cast shows when that precip will b c into early wednesday morning. so tomorrow a bit of a break g do. setting up big time on the parkway. and then by wednesday at 6:00 a.m. you can coming in. philadelphia we'll be seeing snow moving in very quickly mess on wednesday. then during the morning, right through 8:00 a.m.l in some snowy mix you see right here in the pink and then rain to the southk we have a little bit of a break. and then here comes the rain with warmer air from noon on wednesday we'll talk about moderate rain to heavy rain see that yello

fix out what went wrong with government before people start take aig way the rights of law abiding citizens. >> plenty of talk and proposals but as of now, there are no plans for congress to pass tighter gun laws. lucy. >> all right. thank you much, iain. your fox 29 weather authority right now. live look at wilmington where skies are, well, they're calm. skies usually are calm unless there's clouds involved. the ryan has moved out dental hers on the rise of course. kathy is is here with first look at your forecast. >> lucy, brightening up taking some time but it is happening. some peeks in the overcast in cape may. but just pretty decent day with temperatures in the 40s and 30s. the culprit a system to the south you can see the clouds slowly moving toward the southeast so we'll clear it out from the northwest to the southeast tonight that overcast will continue to thin this evening. it's 51 in philadelphia. northwesterly winds in reading and lancaster at 50. wilmington 50. dover 50 and with those northwesterly winds we'll get the drier air. overnight tonight clear skies. look what happens.

seeing more deal making in property and casualty and reinsurance right now as rates begin to tick up aigcent deal and reporting after the bell >> more deals. >> thank you for joining us. seema mody >>> we're down 337 points right now on the dow with that, we're going to get over to sue herrera for a quick news update. >>> good morning, everybody. here's what's happening at this hour president trump addressing the 66th annual national prayer breakfast this morning in washington stressing that faith is central to american life and liberty >> ourrights are not given to us by man. our rights come from our creator. no matter what, no earthly force can take those rights away >>> mcdonald's unveiling a contest to win that, that is an 18 karat gold ring valued at $12,000. looks like there are a few die plon -- diamonds in there too. fans can win the ring by creating a proposal of love to the big mac on twitter >>> and tens of thousands of eagles fans pouring into philadelphia this morning to take part in that city's first ever super bowl victory parade organizers say that they are preparing for

another one b, a financial aig.he march calls getting bought today aggressively i liked what we see here this is a stock you mentioned it on the tease it's come down dramatically so it makes sense that somebody is expecting a move to start moving back the march 60 calls getting bought aggressively here as well good numbers paying about 50 cents called on average for those calls. so it's an inexpensive i like the risk reward i'm in these march calls as well >> back to intel the new us you were alluding to just so viewers have aware it was citi that got even more bullish on intel yesterday right? they made it their top pick. already bullish, but had more conviction on it cramer yesterday called it a very inexpensive stock so it's well liked >> their financials are great. made two of their biggest ever in the last year and a half or there about. so very aggressively moving into the right areas. data center. they're doing everything right that's why i think the stock has responded so well. >> you know i like this stock

jet aig round the world helping give people the gift of sight. >> it's one of a kind. is there's roughly 253 million people in the world visually impaired. there's roughly 36 million that are blind. our deal is going after that 36 million the cataracts the glaucoma. >> we're in the cockpit this a plane that or business international flys and it's an amazing plane a wide body mcdonnell douglas dating back to 1973. >> this huge plane has everything. classroom up front to teach eye doctors. an ophthalmology lab with simulators to help medical students learn how to do eye surgery. and a state of the art operating room. >> here's the or. this is century located in the airplane because it's right over the mainlanding gear. being over the mainlanding gear gives it's most stable position. >> this main is a self-contained fully accredited hospital in the air. hopscotching across the globe training eye doctors and treating people who might otherwise go blind. >> i love work wig the people. i love going to different countries, and trying to make a difference in someone's life jus

lindsey vonn is going for aig one in the downhill. i think that's part of the problem. but i think it's the relity of the winter sports team and the world. the united states is good, but often not great. and that's certaly not satisfying to a lot of americans who are used to winning, sports fansho want to only see victory, but i also think there is something enticing about seeing it in this platform, seeing the world come together, the greatest and largest peacetime gathering of the world, and i think thacan be something in and of itself that you don't have to say, okay, the u.s. is t goi to win gold, silver or bronze, i don't want to watch, i don't know that americans feel thaway. >> brangham: as we speak, norway is leading every other country. >> well, forway is having the games of its life. i harkin all the way back to 1994 and the lillehammer olympics, and norway put on such a push there to have a great i game, ans i ski jumping and the cross country skiing and so many other things they are so good at. they were great then. then ty had a dip. i think you can see now

a mistake just last year missed pricing, the risk of long-term care policies that they insured for aig and i think what he basically said was, ge, no matter how good john flannerry is this is just an intractable issue. when i hear that i think, when will they ever get a dividend from ge capital? when were they able to put this area and whole issue behind them and i'm not satisfied that it's behind them yet. >> it's a value trap versus a value trade at this point. >> i think john's doing a terrific job. aero space is turning around. health care he already had turned around. but these liabilities, whether they be pension or in this case long-term care, particularly unfathomable. if warren buffett says that he is, his company the best insurer ever misjudged the risk, why should i think that john flannerry hasn't done the same even though he's got a better board and doing a lot of right things to make things more accountable, this issue it's befuddling everyone and that's negative. >> request quick question for you. flannerry talked about the potential of being three corps businesses is th

morgan and aig. and then the big one came. and that is september 152008. you have the ramp-up of all of these problems coming. the supply-side economics side of the story. i will go if i can run this properly. .. .. the u.s. dollar against the euro in three short months it appreciated by over 20%, a fantastic price move in the most important pricing in the world. that important prize by the way was not on the dashboard of anyone at the fed in the higher ranks, meaning the chairman. it was not on the chairman enzi dashboard. but it's on the supply side dashboard. so we had the collapse of the euro. we had a sharp appreciation in the dollar, collapse and the price of gold. that's another price. the price of oil you can see we had a tremendous decline, almost 60%, and almost instantly the consumer price index it was 5.6% in july, and it went down to 1.1% of 4.5 percentage point drop, huge collapse. by the time we got into the summer of 2009, 2009, actuallye economy was registering negative on the cpi index. we were actually deflating. the point here is in the

when we had the financial crisis, you had companies that had $200 billion, i'm talking about aig and citigroup, to name a couple, that needed backstops from the government. we're not in the ballpark where this upsets the system it had to affect it in a short term way but my point is, and i think you're agreeing with it, that's done if we're going to worry about the ten-year rate, okay, fine. we're 2.85, i don't think we're going much past 3.0%, which means we're there, it's done, let's not overworry about it >> let's look at it as an opportunity. citi, which is a beneficiary of rising rates, that stock shouldn't be down. it's a buying opportunity. >> good point. let's get a check on rates quickly and some insight from certainly one of the best in the business, rick santelli, our own, in chicago at the cme rick, as i mentioned before, whatjeffrey gundblock has said the economy has reacted to that level of 2.85, watching rates closely, obviously, and reacting to their every tick. >> you know, i don't know. i just don't find that 2.85 is earth shattering i think what's earth shattering,

aig, expedia, news corp. are out after the close. dow looks like it would open down about 147 points off. the nasdaq off by 23 points. s&p 500 if it opened now would be off by 15.5 points. >>> senate leaders reached a long-term spending deal with hours to go before another government shutdown. kayla tausche has the latest this morning >> reporter: the senate and house are expected to vote today on the budget deal that was reached last night it has bipartisan support. it lifts 2011 spending levels by 3$300 billion it raises the debt limit until march 2019 and includes add-on funding for disaster relief, community health centers and children's health insurance but does not include protection for dreamers, leading nancy pelosi to make an eight-hour speech on the floor to force a vote on that topic pelosi threatened to remove her party's support. those votes may be needed if conservatives continue to balk at the price tag president trump called the deal so important for the military, but that's not enough for mark meadows whose group opp

they want to avoid an aig moment, the thing we saw here. that is the take away from this, if you want to buy yourself a hotel. alix: clearly. u.s., we are taking a look at steve mnuchin. you canin an interview, have wage inflation and not necessarily inflation concerns in general. how valid is this? you are laughing. michael: i am joining the rest of the economics world in laughing. lisa: and economist was on bloomberg television yesterday afternoon and he thought this was viable. michael: probably not. for a couple of reasons. we are probably going to get inflation anyway. finally, inflation is picking up around the world. it is a question of how fast it accelerates, and the problem for the administration's they talk about this being a supply-side problem and you increase the supply and they do not have a supply-side problem. it will not take that long for inflation to show up. how does the market react? the market will not wait around to see if in the long term this works out. investors,al view of kind of the obvious thing, you get wage i

during aig when you come to election day, there is oftentimes not much more that can be done. you've gotten your message out. you're just kind of waiting for people to vote. and so a tradition in our family is we go out for a nice lunch, and we always go to the lucky wish bone on election day. i think i'm going to continue that one. but this is a place where the coffee is warm, the food is hardy, a place where the smiles and the hugs have always been readily available. and as much as i have missed peggy since she has passed, i will certainly miss george. i will miss his smile. i will miss his conversation. but it's comforting to know that their legacy will continue. on february 11, so this weekend, george's friends and supporters and admirers will gather at the alaska aviation museum to celebrate his life. it's really an appropriate place for george because he, he was a pilot. once a pilot, always a pilot. he had 73 years experience at the cockpit at age 94, when he landed his last cessna on the lake to fish. i just spoke, had an opportunity to speak with pat before i came to

aig wright said he created bit coin and a new lawsuit that he uses phony contracts to lay a m to bitague in 2013. the german government says it hopes to avoid -- a court ruling that paychecks the way to improve air quality. the environment ministry says the ruling doesn't enforce cities to impose diesel bans but admits it confirms the right to clean air. it also blamed automakers for causing the problem by selling diesel cars that emit more harmful substances than advertised. global news 24 hours a day, wered by more than 2,700 journal scompifts analysts in -- i'm jessica summers. betty: the ministry of commerce in china responding to these latest slap tariffs when it came to aluminum foil from the u.s. and heard that overnight. the u.s. imposing duties from 49% to 106% on chinese lume nim fo. we are hearing from the ministry of commerce that china is dissatisfied with u.s. duties on aluminum foil and they will take necessary measures to protect legal rights. so certainly going to be a big topic potentially when -- the economic advisor arrives in d.c. to meet with trump administratio

is the gao done in assessment or aig done weather will increase the efficiencies of these programs and better ally them to national priorities. >> we have not initiated a review in that era. we have been looking at some of the preparedness grants we do a lot of work on the disaster assistance grants and we've identified a number of challenges that exist and chairman johnson and senator mccaskill a letter in june making suggestions on how fema can improve their structure and oversight of the disaster assistance grants and there are a number of legislative proposals and a mention of changes. >> okay. mr. scott. >> to the extent that across various programs there are opportunities to harmonize instream lies requirements and there's always opportunity to bring out additional efficiencies both in the grantmaking process but also in the grant and ministration process. so in practice, actions can be taken to streamline grantmaking i think that's generally a positive thing. as long as that goes with the necessary oversight of the grants it's important not just for the money at the door but get

"reagan aig shirley, rising" author and founder and c.e.o. of shirley and >> the sender's president and ceo jeffrey rosen, yellow law , review theil raid 12 historic cases featured in the series. c-span.org oron listen live on the three c-span radio app. >> c-span's history series landmark cases beginning at 9:00 eastern with a look at the call of the maryland. us, mark the case with oflam back, and author securing a nation. watch landmark cases monday on c-span, c-span.org or listen with the three c-span radio app. the companionf book available for $8.95. for an additional resource there .s a link on our website >> tonight unveiling the joined by the artist, the national portrait gallery, home to the only complete collection of presidential portraits outside the white house. here is a preview. >> each of these artists had to walk into the oval office, yikes. i almost wanted to start off each conversation by apologizing for putting them through this process. just to get this job, they had to come to the white house, and to get derailed by the

as we know, one institution, aig nearly brought down the economy in 2008 and had to be bailed out to the tune of $182 billion. they play key role in the stability of the economy. it cannot be weekend by doing with threats of risky financial institutions. it's also important that the secretary address several outstanding inquiries on vital matters with national security implications. as a general matter, secretary mnuchin's handling of inquiries from democrats have been unacceptable. serious questions have been raised about the finances of president trump his family members and associates and their involvement with russian officials financial crimes enforcement network's i and other democrats on the committee have requested information from the secretary several times. at the last appearance i asked about a letter that we wrote regarding president trumps financial ties to russia as well as those of his family members and associates. he did not answer the letter nor was he forthcoming in his testimony. since then we've sent to follow-up letters pertaining to the finances of president t

"reagan aig shirley, rising" author and founder and bannister shirley and public affairs, thank you foroining us today. press pool that travels with the president is reporting this morning the spoken to cornyn and chris murphy about when it comes to guns. compliance with criminal background check legislation, the ding to reports, president is supporting efforts checks.ackground that story will play out over the next day or so as we go on this week. tomorrow's program on "washington journal," two guests issue lanny davis, special clinton o administration, authoritarianor a adequate making of president 2016," and joined by kirk.d all those programs, plus your papers d a look at the on "washington journal" 7:00 a.m. tomorrow. see you then. >> washington journal live every day with policy issues that impact you. ,uesday morning, lanny davis former bill clinton special counsel discusses his book about the role of former fbi director james comey in the 2016 election. fox news channel media buzz talks about his book about president trump's relationship with the news media. watch "washington jo

as we all know, one such financial institution aig, nearly brought down the economy in 2008 and had to be bailed out to the tune of $182 billion. fsoc plays a key role in ensuring the continuing stability of the united states economy. and it must not be weakened or side lined from dealing with the threats posed by risky financial institutions. in addition to testimony on fsoc, it is also important today that the secretary are a dress several inquiries on vital matters with national security implications. mr. chairman, as a general matter, the secretary's hand willing of inquires from committee democrats has been completely unacceptable. as you know, serious questions have been raised about the finances of president trump, his family members, and his associates and their involvement with russian government officials and ole i gashgs. as a ranking member of the committee with jurisdiction over the treasury department, financial crimes and enforcement network, i and other democrats on the committee requested information from the secretary on these matters several times. as the secretary's