and while the american economy is doing okay- it's not great.. hugh anderson/managing director for week's decline usually the market is concerned about what it doesn't know. that could mean anything from a a country loans.. but at this stage in the market volatility cycle- anderson says do not panic.. that won't serve you.. the best thing you can probably do is do nothing. if in fact you have high quality people with 401ks

he gave newfound strength to the economy, and as matthew will tell you, he rekindled the american spirit. we have never been so proud to oppose. thank you. [applause] nikhil: it seems the chief business of opposition is to confuse the man with the model when it comes to the presidency of ronald reagan. we agree that he was a great man, but we think his uniqueness is exactly the reason why he is so hard to emulate today area in this speech, i will be deconstructing the case made by the opposition and then introduce our third argument and son reinforce our first w, first, let's deconstruct what the opposition said in their first speech. the first was that reagan was able to emulate a strong immigration policy by granting amnesty to many illegal immigrants. we agree that during present reagan stein, amnesty might have seemed like a good prospect for handling the problem of illegal immigration. however, the issue is that republicans today do not support amnesty for illegal immigrants. in fact, 60 5% of republicans and 45% of american voters themselves oppose amnesty plans proposed by preside

economies in the world. that's about $15,000 per american household. it's about 29% of the average american family budget. hat's what we're doing to our families and our economy. so, mr. president, i believe a huge part of the problem of what's holding our economy back, opportunities for middle-class families is right here, right here in this town. the federal government with agencies in the alphabet soup, enumeration, the i.r.s., the b.l.m., the e.p.a., are constantly promulgating new regulations. and here's what they don't do. they never remove old regulations. so from across the country, whether it's alaska, whether it's maine, our businesses, our citizens, celtic the most vulnerable, our families are being impacted by the explosion of regulations from the federal government right here in washington, d.c. let me just give you a few examples, mr. president. on the north slope of alaska, they can't get small portable incinerators that comply with upcoming e.p.a. regulations. so the trash in these amazing communities in my state piles up until it's actually taken out by airplane. now this is polar bear cou

thomas three kumar, as we look at the american economy -- comb -- as we look at the american economy. do the rate increases damage, dampen, or slow american economic growth yet? are we there right now? -kumar: having done that, i look for a rate cut sometime during 2016. it is just a matter of whether they raise it one more time. but there is no room here for continued increases in interest rates when you have a problem with oil. the inflation rate is coming down. the imported prices for the united states are negative, and i do not see any prospect for continued increase in rates. tom: gary, when we look at the analysis of the american economy, and when i look at the atlanta fed, gdp analysis, can gary shilling separate domestic economic growth from net exports? if world trade is messed up, can we ignore that in our calculation of america? gary: to a large degree, our exports are only 13% of gdp. in canada it is 30%, in germany it is 50%. domesticsically a economy. most of the companies all of us think about in investments are global in nature, multinationals. but there is a lot of ac

they would always talk about the wonders of the american economy and the great entrepreneurs and innovatorsand how it was really a great free enterprise system which allowed them to develop in the way they developed that in fact what they had was the power of the cartel, not a monopoly that they controlled markets, they controlled product location and exposure through television. and of course they wanted nobody to touch the answer they describe the terms of the free enterprise but it was just a genius. he was an amazing figure. >> who was steve rosell? >> he came out of california in public relations he migrated down to la and got into the administrative staff with the rams and worked his way up that to finish as general manager and then after, they were looking for a replacement and they couldn't agree on anybody and they went on for several months having meetings, discussions and they couldn't come up with something everybody could agree on and finally they got together and said look, there's this guy that we all know and like committee was 35, 36-years-old and i think they would agree w

this comes back to the american economy. at the last half of 2015, we've seen evidence on how the manufacturing sector has gotten hit because of the global slowdown in trade and manufacturing. >> and the strong dollar has contributed to that. let's this is a much more globalized world. 2% 3% here. does not tell you what the full picture is and how this comes back to the american economy. >> bloomberg spoke to george soros and what he thought about china. >> the china -- the chinese theed too long to address growth model they have to adopt from. export led to domestic life. landing is practically unavoidable. kiss that mean we're looking at a global recession of in end of the day? >> not 2008 because that is very extreme scenario but a minor version. that means double growth slips below 2%. that has been the historical definition of a global recession. we got that in 2001 and 1991. a much minor version 2008. very significant spots of the are not growing at all or are contracting like russia and brazil. we are now in the eight

and the reason has been because the american economy is strengthening, that is a good thing. the more raise rates, if they have to raise because of stagflation would be terrible, reduce them again because economy is going back in some kind of recession would be terrible like i said the economy seems to be okay, the fed does forecast four rate raises look at their dots markets has two huge skrepgs in short periods of time of time non nose what is going to happen dependent they have to be data dependent i hope they raise rates i think normalization is a good thing not a bad thing. dagen: a lot of optimism from jaime dime hear more from maria's exclusive entrust neint next hour crude oil for direction after tumbling to levels not seen in more than 12 years, take a look where trading phil flynn at cme group with more phil it has been market oil down market down, oil stable market stable oil up market up. what does it decouple. >> well, i think when there is viewpoint the global economy is object oil prices selling off concerned the global economy is slowing concerned that we're go

many americans after seven years of president obama's veve intentional government takeover of t american economy. we caught up with the governor. >> talking about why an outsider is doing well. th is a time where a lot of americans are very frustrated. >> not endorsing any candidate at this time. >>> all the presidential candidates have their eye on jim defede is the only reporter there, candidates are gearing up for the polling in february. here's catching up with jeb bush who is making a positive prediction. >> a positive journey. no poor jeb. you can forget that. >> saying he's undaunted by the polls that show him trailing in new hampshire and the country. >> if this is the end, you're okay with it, you have put it all in. >> i have given my hea and soul. that's why i think i'm going to win. >> shaky performances in debates and on the campaign trail. >> has this process been humbling for you, given the expectations that were built in? >> i didn't like the expectations. also knew it was going to be always humbling to run for office if it's done the right way. >> humbling to put yourself out th

reiterated some of his points from the state of the union speech, and the strength he says of the american economy. and the president wept on to reminds people where the economy was 7 years ago. >>> the 27th annual human services network is to honor -- and $50 for non-members. those wishing to see some of the most helpful, local humanitarians, that's tomorrow around 89:00. right now, back to madison, to find out what's going on with the weather and what to expect tomorrow. >> we have some activity on live doppler, isolated showers tonight, but far western nevada looking clear and will remain that way, other than cloud cover moving in tomorrow morning, and eventually we will see snow hit the sierra, i'll show you that in a second. we're sitting at 36 degrees, winds from the north at 10 miles per hour, and relative humidity at 67% tonight. with partly cloudy skies. the almanac showing the daytime high reaching 50, and we are going to continue to see warmer daytime highs, with the next few winter storm systems so it's going to be rain on the valley we're watching first of many systems tonight, and to

who emphasized her plans to strengthen the american economy...and create more jobs. clinton told the crowd...they have too much to risk....not to caucus. "the stakes in this election, could not hear what the "the stakes in this election, could not rebuplicans, who iowa, as well, are saying, it is quite a disturbing process. to rip away the procress we've made, , turn the clock back on the lives, thehe opportunities, the hopes of so many with just 24 hours before iowans cast their votes in the first election of the nomination process... clinton is getting support from her entire family. both bill, and chelsea have been campaign across the state.... but here tonight..hillary will be addressing the crowd alone. shshis expected to arrive here in about minutes. so stay with us tonight....coming up at 10 i'll have more on what hillary had to say. reporting live from sioux city convention center, deborah souverain abc 9 news. jenna and following her event tonight, i will sit down for a one-on-one interview with hillary clinton. make sure to tune in tonight at ten to see the

but the american economy is slowing down. s tell us the most important economic statistic for predicting elections is not the growth of economy, it's personal income growth. if that is stagnant, that creates trouble for the incouple bant party. the united states is committed to a veseries of wars all aroun the planet. >> there's also, not only are waging stagnant, but behavior has shifted. if you look at where the personal savings rate is right now, it's much higher than where it should be. so something's changed, people feel uncertain. >> well, the state of the union, though, i thought it was a remarkable speech about politics. the political system. it wasn't so much about the wonderful things we've done, what the state of the economy is. it was there, but most of it was about almost reflections on the state of the political -- of our politics and a complaint about it. i took it to be -- now, i wrote a piece about the house divided, so maybe i was reading into that. he mentioned lincoln and he mentioned -- cited roosevelt spe

she also says it is a proven fact that the american economy works better under democratic leadership. former president p bill clinton is also his wife. he spoke at a rally in pppph the swing state the fox 35 pump patrol-- regular gas is 1-65 at the speedway on turkey lake road and production plaza in orlando. you can also check out gas saving tips any time. just go to "fox 35 orlando dot com" and click on traffic. students in one central florida county will soon be taking less tests. which school districting is cutting testing by 50 hours... and when it goes into effect. plus-- the pastor protection law is moving forward in tallahassee. what hurdles it still needs to clear. now it is time for the "job of the day." it is brought to you by "career source central florida." today's opening is for a "payroll analyst." to view the requirements for this job--go to our e pepper discovers a wholesome breakfast with jimmy dean delights, made with real egg whites, lean cut meats, and whole grains. an excellent source of protein, it's a delicious way to fuel up on energy to help power through her

i don't think this is going to slow growth in the american economy. , the stock market's going down. remember, stock market isn't the only thing in the economy. there's a labor market, there are other forms of markets in the grander economy, and with all this extra money you'll be able to go to the movies, you'll be able to take your wife to go have a cocktail. people will spend those things, and that'll be good for the greater economy. not necessarily the stock market, but the greater economy. so i don't think we're going to have negative growth which would be what it would take to define a true recession. jon: it is nice not to spend $85 or $90 when i fill my tank. >> it is. and by the way, your heating bill this winter isn't going to be near as bad as the last four or five years. that's all good news. jon: eric bolling, thank you. heather: i always like some good news. well, some new developments in one city's water crisis with people desperately needing clean drinking water, the governor is turning to the white house for help. >>> plus, the u.s. na

because michelle would kill me. [ applause ] so -- but look, just as all this talk about how the american economy is terrible is just not true, it's also not true when you hear folks talking about how america's so weak. we aren't just the strongest economy in the world, we are far and away the most powerful nation on the planet. [ cheers and applause ] nobody can match our troops. nobody can match what we can do to mobilize, to solve problems around the world. and when i said that, by the way, last night, it was strange that some in the chamber didn't agree and applaud with that. i mean, you know, that's kind of a weird thing. i didn't say that it's the strongest in the world because of me. i mean, i understand why they wouldn't want to give me credit for it. which is true. it's because the united states of america for 250, you know, years has been -- has been working to make us the strongest. but that should not be a controversial statement. right? we can all clap about that. [ cheers and applause ] but that's how crazy our politics has gotten sometimes, right? that's how crazy our politics have

. >> it will grow the american economy at a level that it hasn't seen for decades. >> reporter: cruz voted to curb government collection of phone and computer records to fight terror. trump wants to reinstate the surveillance and told us u.s. security trumps privacy. >> i have always come down on the side of security. to me it's the most important. >> reporter: even if it means doing something to encroach on the bill of rights? >> i hate it. i hate the concept of it, but we're dealing with some very, very bad dudes. >> reporter: i'm nancy cordes. with bernie sanders gaining steam, hillary clinton's top supporters are fanning without this message: doesn't make it easier toin. >> reporter: connecticut governor, dan malloy, said a socialist nominee would hurt down the road. >> there's a place to carry the socialist banner. there's no question about it. i'm not so sure in swing congressional districts, the most competitive district in america, that's the banner you want to be parading. >> reporter: others brought up sanders' radical views from the 1970s when he pushed for public takeover

it's not an american economy. put it that way. >> it's a great economy. >> great economy. >> there you go. i can never figure you out ben. >> everyone has to show where you live. i don't know. i don't know why everyone does. >> we're going to explore how good this economy is or is not. because the first is doing it. fox business network. we're at it again in charleston, south carolina. coming up nor states are raising the minimum wage as the ball the minimum wage as the ball comes at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. >>> all right. ring in the new year by raising the minimum wage. more than a dozen cities and states will start with such hikes. ben stein says get ready for the jobs to take a hike. very few in the $15 neck of the wood but higher than the national average of $7.25. ben, yo

and creating seven out of every 10 new jobs in the american economy. that's how many jobs are created by small businesses. mr. chairman, we also hear from small businesses from all over america, from our own congressional districts, that new and old regulatory burdens continue to make it more difficult for them to expand and grow and create more jobs. the constitution gives us the duty in the house of representatives to provide for the general welfare. if we allow the scheme of sue and settle litigation that continues suppressing economic and job growth, we are not doing our duty. what is this sue and settle that we are talking about? well, very quickly it refers to when a federal agency agrees to a settlement agreement and lawsuit pr special interest groups, groups on the left, to create priorities and rules outside of the normal rule making process. and the agency intentionally relinquishes statutory discretion by committing the timelines and priorities that often realign agency duties. now, when agencies enter into consent decrees or settlement agre

americans after seven years of president obama's very intentional government takeover of the american economy. " scott specifically writes he has no plan to endorsement any candidate before the primary. to add a fee into their budget, commissioners approved the extra cost, money will go to building new schools and school relate the expenses, the decision comes as construction lices in the area -- rices in the area -- rises in the area. >>> and that was the uncoupling of the whole ceremony at the newest fire station today, featuring three truck byes, full time staff and an advanced life support ambulance. now staff at the nathan bender son park station will handle thousands of calls a year as the area continues to grow. >>> eric didn't speak for the first three years of his life and already needed four open heart surgeries. >> the terminally ill boy is too sick to go to school, his mother decided to teach him letters and numbers using their favorite tv show. for, he plays board games and video games, he watches pat and vanna every night even when he was in the hospital. eric needs a lifesaving

it's not an american economy. put it that way. >> it's a great economy. >> great economy. >> there you go. i can never figure you out ben. >> everyone has to show where you live. i don't know. i don't know why everyone does. >> we're going to explore how good this economy is or is not. because the first is doing it. fox business network. we're at it again in charleston, south carolina. coming up nor states are raising the minimum wage as the ball the minimum wage as the ball comes at ally bank no branches equals great rates. the minimum wage as the ball comes it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. at ally bank no branches equals great rates. it's a fact. kind of like playing the boss equals the boss wins. wow! >>> all right. ring in the new year by raising the minimum wage. more than a dozen cities and states will start with such hikes. ben stein say

. >>> experts are saying do not panic, they say we are not heading for a recession, the american economy is expected to avoid serious damage, the job and housing markets remain strong and lower gas prices allow americans to spend more on cars and restaurants and shopping. glrntle -- apple's anticipated release of the apple watch is not going to be released until september. >>> what am i going to do all summer. >>> the mother of an nfl player sees her son for the first time ever. >>> democratic candidates square off before the iowa caucuses. more on that when "action news" continues. >> reporter: hey everyone, welcome back, you need to be careful on the roads after the dusting of snow that left puddles and slick stuff if they have refrozen. there's not widespread problems, but you want to be careful on the secondary roads. i-95 southbound at academy road. you can see the flurries that are blowing around because the winds are just so gusty out there. it's a nasty start to the day. warm up the car, scrape it off, we had an opening of the burlington bristol bridge. traffic is back moving fin

as he enters his final year in office many americans are still feeling the squeeze of the economy. we are feeling a crushing national debt. a healthcare plan that has made entrance was affordable and doctors less available. chaotic unrest in many of our cities. >> as far as the republican speaker of the house who was seated behind the president tonight. paul ryan tweeted i cannot say i was disappointed by the president's speech because i was not expecting much. >>> a develong story from the persian gulf and it is one that got no mention from the state of the union. iran has arrested crewmembers of us navy boats and they are still in iranian custody. the nine men and one women were on their way from kuwait to iranian waters. john kerry has already spoken with the foreign minister. the pentagon has been assured that the crew and vessels will be released safely and soon. >>> it's a chilly night across south florida. >> here's a live look outside from downtown fort lauderdale. if you think it is called now which we wake up tomorrow. craig setzer is here now. how cold are we talking? >>

if republicans win the fall both of those happen and you can see the dynamism of the american economyxplode. it won't happen before them. liz: with 4% economic growth not out of the realm of possibility, since world war ii, 4% economic growth. it is not normal to see 1% or 2% is successful or the way it should be. >> i certainly hope we are not going into recession but a good point from all of you. you went to my high school. trish: different time of course. big gop debate and our own sister network fox news all starts at 7:00 p.m. eastern. you not want to miss it, we will see you back here after this. >> lots of green on the screen, up 111 points, off the highs we saw earlier in the session but nonetheless investors responding positively to the fact that opec is now talking about potentially cutting production. they like the sound of that. because less oil out there, it means the oil prices will go higher, which you saw in today's market trading up about 3%. that is lending a helping hand we've got one hour to go, everyone. liz claman is walking you through it. liz: thank you, trish,

and while the american economy is doing okay- it's not great.. hugh anderson/managing director for hightower the nature of last week's decline usually the market is concerned about what it doesn't know. anything from a bank going bad to a country defaulting on its loans.. but at this stage in the market volatility cycle- anderson says do not panic.. that won't serve you.. the best thing you can probably do is do nothing. if in fact you have high quality investments. most people with 401ks their firms have done a lot of due diligence on investment options they have those are high quality investments. he says expect the first half of this year to be more volatile.. and when the dust settles that's when you'll want to make adjustments.. then it's time to look at the potfolio they have whether it's their 401k or whatever and make any necessary adjustments that put them back in position for their long term plan. anderson says unlike your bank account don't check the market everyday.. leave that to the experts.. as an example- you don't look at your ho

the american economy in the 1870s, 80s and 90s were terribly dependent upon foreign sources of investment to build fact areas, and the open lines to operate, to build railroads, open up territory to the west. the series of international offense, failure of a crop in argentina, bank in london. this cost foreign investors to pull back and not accelerated what many blamed as the cause of the recession and the ultimate depression, which was the decline in america's old reserves. the government was rapidly getting to the point of $100 million in gold which was thought to be the minimum amount necessary to sustain the value of the american currency. it dipped below the $100 million level as they cashed in investments and took the gold home, there's a real concern the american dollar would become basically worthless to the american economy is held. the dollar then is backed by gold. now we have paper currency, but the paper current the was a matter of convenience rather than a pocket full of large gold coins you could carry around paper money or conduct your business in paper money, but you coul

economy headed in opposite directions that frankly have a lot of americans are scratching their heads -- scratching their heads. first the new jobs report shows a surge of 292,000 job added in december. capping off a strong year for hiring. but at the same time, the stock market continues to dive. the dow shedding 167 points today. the end of a rough week for the ages on wall street. nbc's olivia sterns breaks it all down. >> reporter: tonight, wall street ringing the closing bell after one of the worst opening weeks ever and yet the american economy is getting good news. last years month by month showing steady united states. in total, the u.s. adding 2.6 million jobs, but stocks continued their sell-off again today. >> a lot of concerns over how well will the stand a slowdown in china and will that and those unknowns have led to market >> reporter: while investors may be anxious, employers are still hiring. the job market saw the most both in business, construction, health care and restaurants. >> we've had two almost record years of job growth back to back. >> reporter: in washingt

. >>> a new report shows the american economy is growing at a solid pace. employers added 292,000 jobs last month. the unemployment rate stayed at 5% for the third month in a row. overall employers created 2.5 million jobs. that makes 2015 the second best year for hiring since 1999. >>> if you check your portfolio we do not have to remind you this was the worst opening week for u.s. stocks. investors are concerned over a slow down in china's economy and plunging oil prices. energy stocks were the biggest decliners as the price of oil sank. crude is trading $34 a barrel. its lowest price since 2004. >>> tonight the biggest lottery jackpot in u.s. history is up for grabs. the powerball prize $800 million. with ticket sales so strong that number will probably get bigger. you can see the frenzy here as hundreds waited in line in california. many are from nevada which does not participate in the powerball. if no one wins the jackpot will increase to a whopping billion dollars. >>> wow. >>> whoa. you can see the winning numbers right here on "action news" at 11:0

. >> american economy, not national security will be the focus of the 2016 when we get to election day. >> november seems a long way off but right now predictions on how the changes will hit your wallet. joining us jared bernstein and the cato institute's peter butler. injure jared, do you think we'll see additional hikes in the months to come. >> the federal reserve rate hike schedule, which is for three to four hikes next year is almost solely predicated on inflation. steve talked about inflation, jobs and growth. they are all in the mix. but if you look at their inflation prediction that is for it to revert to form. to start rising much more close to their 2% target. and i think they are going to keep missing that in 2016. so i think there will probably be fewer hikes than most others predict. >> what does that mean for for most others who are sitting home with maybe credit card debt and mortgages. >> economic growth t employment picture, i'm expecting the economy to be a little lackluster. the labor market is not nearly as tight at the employment rate would suggest because we've ha

it's not an american economy. put it that way. >> it's a great economy. >> great economy. >> there you go. i can never figure you out ben. >> everyone has to show where you live. i don't know. i don't know why everyone does. >> we're going to explore how good this economy is or is not. because the first is doing it. fox business network. we're at it again in charleston, south carolina. coming up nor states are raising the minimum wage as the ball comes we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number, and the lowest prices of the season. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store, find the lowest prices of the season. save $600 on the #1 rated i8 bed, plus no interest until january 2018. know better sleep with sleep number. >>> all right. ring in the new year by raising the minimum wage. mor

. >> reporter: tonight, wall street ringing after one of the worst weeks ever and yet the american economy is getting good news. last years month by month showing steady job growth for the united states. in total, the u.s. adding 2.6 million jobs, but stocks continued their sell-off again today. >> a lot of concerns over how well will the global economy with stand a slowdown in china and will that affect the u.s. and those unknowns have led to market volatility. >> reporter: while investors may be anxious, employers are still hiring. the job market saw the most both in business, construction, health care and restaurants. >> we've had two almost record years of job growth back to back. >> reporter: in washington, d.c., at the hiring our heroes career fair, today's positive job report is relief to those looking for employment. >> we've added probably 100 new employees over the last three to six months. >> reporter: another business clamoring for new workers. zoc doc in new york city. the u.s. economy right now. >> from our perspective, it couldn't be stronger. >> with a staff of more than 60

economy rigged? well, the 15 richest americans than the bottom 100 million people combined. i'm bernie sanders, and i approve this message. my plan -- make wall street banks and the ultra-rich pay their fair share of taxes, provide living wages for working people, ensure equal pay for women. the middle class will continue to disappear unless we level the playing field. once again those winning powerball numbers for the record-breaking, 1- point-5 billion dollar powerball jackpot are: 4, 8, 19, 27, 34 and the powerball is 10. leaders of different faiths, from all around siouxland, came together today. not only did they have a dialogue about their differences, but they helped feed the hungry as well. ktiv's tommie clark has more. << the bible says faith is "the assurance of things hoped for, the conviction of things leaders share, and cherish. "faith is supposed to make you a better human and what is bebeer thananaving tolerance and accepting the other and living with the other and contributing to humanity? what's better then this?" said mosque of sioux city's imam eyad najdaw

as he enters his final year in office many americans are still feeling the squeeze of the economy. we are feeling a crushing national debt. a healthcare plan that has made entrance was affordable and doctors less available. chaotic unrest in many of our cities. >> as far as the republican speaker of the house who was seated behind the president tonight. paul ryan tweed i cannot say i was disappointed by the was not expecting much. >>> a developing story from the persian gulf and it is one that got no mention from the state of the union. iran has arrested crewmembers of us navy boats and they are still in iranian custody. the nine men and one women were their way from kuwait to bring in the ended up in iranian waters. john kerry has already spoken with the foreign minister. the pentagon has been assured that the crew and vessels will be released safely and soon. >>> it's a chilly night across south florida. >> here's a live look outside from downtown fort lauderdale. if you think it is called now which we wake up tomorrow. craig setzer is s here now. how cold are we talking? >> we a

and the answer for us is to keep the american economy as strong as possible. n a vulnerable position. i am reminded of bill clinton's former chief of staff described the economy as the prettiest horse in the glue factory. that is not a very good description. >> we are dependent on -- there are big trading partner. is there steps you think the country should take to make us less dependent on china? >> what we should be doing is following the policies we know work to produce jobs here. the key to job creation is small business. this is where washington gets it wrong. when washington thinks about business it thinks about big business, the giant corporations that have lobbiests. big business doesn't create the majority of jobs in the economy. the majority of new jobs come from small business. i think the focus needs to be very much on the small mom and pops and the people starting things in their garages. >> help us insulate from china. >> if our economy is booming here at home it gives us the domestic strength to stand strong and the most effective levers that gov

. >> even wherere millions still struggling, president obama says american's economy is strong. 14 million new jobs and the auto industry's best year. commitment or mine to see justice is done, just ask osama bin laden. >> he doubted the iran nuclear deal as a success but did not mention u.s. captured sailors just released this morning and slammed donald trump's idea on ban on muslims but not by name. >> we need to reject any policy, any policy that taets people because of race or religion. it's just wrong. >> south carolina governrn nikki haley's response criticized responses but admits her party contributes to washington's dysfunction. >> there's more than enough blame to go around. we as republicans need to own that. >> democrats saw the president'ss speech inspiring. republicans say it fell short. >> i heard the president's words. i wish we would convert to action that the president said. >> god bless the united states >> today the president leaves washington to spread his optimism to a divided nation. >> today in omaha president obama speaks at the university of nebraska before headin

and while the american economy is doing okay- it's not great.. hugh anderson/managing director for week's decline usually the market is concerned about what it doesn't know. that could mean anything from a a country loans.. but at this stage in the market volatility cycle- anderson says do not panic.. that won't serve you.. the best thing you can probably do is do nothing. if in fact you have high quality people with 401ks their firms have done a lot of due diligence on investment options they have those are high quality investments. he says expect the first half of this year to be more volatile.. and when the dust settles that's when you'll he says expect the first half of this year to be more volatile.. and when the dust settles that's when you'll want to make adjustments.. then it's time to look at the potfolio they have whether it's their 401k or whatever and make any necessary adjustments that put them back in position for their long term plan. anderson says unlike your bank account don't check the market everyday.. leave that to the experts

and the american economy, middle class wages, not national security, will be the focus of the 2016 campaign by the time we get to election day. >>> november seems a long way off but right now we will get predictions on how these changes will hit your wallet. joining us jared bernstein of the center on budget and policy priorities and the cato institute's president and ceo peter goettler. gentlemen, welcome. jared, i want to start off talking about the federal reserve. we did see the first rate hike. do you think we will see additional hikes in the months to come? >> the federal reserve's rate hike schedule, which is for three to four hikes next year, is almost solely predicated on inflation. i know steve talked about inflation, jobs and growth, they look at inflation prediction, that's for inflation to revert to form, to start rising much more close to their 2% target and they've consistently missed that. i think they are going to keep missing that in 2016 so i think there will probably be fewer hikes than most others predict. >> peter, what does that mean for consumers who are sitting home

. >> anyone claiming that american's economy is in dechien cline is pedalling fiction. >> reporter: priority number one is protecting the american people and going after terrorists. this war and send a message to our troops and the world, authorize the use of military force against isis. >> reporter: again tonight's address by the president is more of a legacy speech for president obama. we took a look at some of his claims tonight in the speech and according to washington post sack check, the the -- 9.3 million jobs were added not the 14 million he stated. fact checkers shows he did cut the deficit. south carolina governor hailey delivering the republican response after the president's address. >> the president's record has often fallen far short of his words. as he enters his final year in office, many americans are still feeling the squeeze of an economy too weak to raise income levels. we're feeling a crushing national debt, a health care let affordable and doctors less available and chaotic unrest in many of our cities. >> reporter: hailey is the first female and first minority governor

the white house says the people in the guesthouse -- viewing box signal the progress in the american economy. >>> a new poll shows hillary in a very tight race. clinton leads him 40 a percent to 45% while in new hampshire sanders is ahead 50% to 46%. clinton is attacking sanders for voting for a bill a decade ago. sanders says he's willing to take another look . >> senator sanders voted with them and through this morning has been unwilling to join the president and me in saying that this should be repealed. >> when gun manufacturers for example are selling guns into an area and know that those guns are going into the hands of criminals, absolutely those gun accountable. >> litton is also dismissing donald trump office latest family attack. he released photos of former monica lewinsky on his instagram page and he is still bringing up clinton's past . >> she is married to an abuser, a woman who has claimed rape and all sorts of things, all -- horrible things. >> trump leads crews by four points in iowa -- ted cruz leads trump in iowa but trump is way ahead everywhere else -- in new hampshire.

in 2015, we had some turbulence in the global economy but our american economy was able to whether itthe best year we had since the end of the recession was 2014, and the second-best was 2015. it is a resilient economy. people increasingly have more money in their pockets because they are back in their job. the depths of the recession, we were looking at 10% unemployment, and now we are at 5% in the united states. many economists predicted we would not get to 5% until 2020, but here we are at the end of 2015 at 5%. there is still slack in the labor market. we can still do better. the unfinished business for us will be to make sure that this wind at our back does indeed bring shared prosperity for everyone. anchor: thanks very much. scretary perez: my pleasure. anchor: next friday, oscar nominations will be revealed, but today the british equivalent of the award, the baftas, financed contenders. leading the group is steven spielberg's "bridge of sighs," and the 1950's love story "carol." two blockbusters were overlooked. "spectre" was entirely ignored, and "star wars" was only nominate

. >> it will grow the american economy at a level that it hasn't seen for decades. >> reporter: cruz voted to curb government collection of phone and computer records to fight terror. trump wants to reinstate the surveillance, and told us u.s. security trumps privacy. >> i have always come down on the side of security. to me, it's the most important. >> reporter: even if it means doing something to encroach on the bill of rights? >> i hate it. i hate the concept of it, but we're dealing with some very, very bad dudes. >> reporter: i'm nancy cordes. with bernie sanders gaining steam, hillary clinton's top supporters are fanning out with this message: >> i think the term "socialist" doesn't make it easier to win. >> reporter: connecticut governor, dan malloy, argued a socialist nominee would hurt democrats down the ballot in a general election. new york congressman steve israel agreed. >> there's a place to carry the socialist banner. there's no question about it. i'm not so sure that, particularly in swing congressional districts, the most competitive districts in america, that's the

. >> for years texas has been a shining star of the american economy. nearly 2 million people have moved to the state in the past five years. houston's oil-fueled job boom is one reason why, as the new reality sinks in, that growth, at least in houston may be at risk. >> this will make like 5 1/2 couplings. >> max runs a company, and he's had to lay off half of his workers over the past year. >> we've had to go over 1100 employees to less than 530 now? >> houston, though, is much more than just the old oil town it used to be. the city is diversified with medical, technology and manufacturing all helping to power the economy, with more than 3 million workers last year. but make no mistake, oil is still the blood that flows thus houston's economic veins, and it's felt through many parts of the economy especially housing. >> we sold 25 homes in 2015, down about 8% from 2014, which was a record year for us. >> if housing slows, many other construction jobs that come with it could also be impacted, which is also hurt consumer spending as jobs are lotion. nob

. >> whenever the american economy does good, the rich get richer.so that's fundamentally what we're looking for, getting people to work so they're all playing on the same field. >> larry: a lot of the problems have been going on a very long time. a lot of the poor have not been doing well, and a lot of the 1% is making a majority of the profits here. that's why people like bernie are really making a difference. ( cheers and applause ) so there's a lot of angst in there. even though obama did a good job, there's a lot of work to be done. >> it's way better than eight years ago. >> it's much better. eight years ago i didn't have this fantastic job, so it's working great for me. >> larry: we gotta go. we'll be right back. ( cheers and applause ) so you can't post pictures. [screams] how does it feel to not be connected? my chest hurts. let me show you a better way to keep connected. the 2016 chevy cruze offers built in 4g lte wi-fi ® that connects up to 7 devices. current qualified gm lessees can get a sign and drive lease on this well-equipped cruze l

. >>> a new report shows the american economy is growing at a solid pace, according to the labor department292000 jobs and remains strong at 5% for two months in a row. that makes 2015 the second best year for hiring since 1999. >>> in flight entertainment could be getting better for passengers, panasonic is building an ultra thin touch display for setbacks, the guts of the machine fits into the chair legs and you can charge your mobile devices on the go and the company built a larger version for business class seats. >> turning to health check, cancer deaths have continued to drop steadily over the past few decades. in large part because of falling smoking rates, it replaced heart disease as the number one heart disease in 21 states, more than half a million people will be killed by cancer this year alone. better screening and treatment has also saved lives. >>> new dietary guidelines say that added sugar be no more than 10% of added calories. the same amount as a sugary driven, and other recommends cut down on the salt as well. >>> all right the "action news" team is out working on news s