bank i. thank you. i don't know what you want but. i know my uncle. the toys to hold the bamboo slowly loose and every time the raft hits some rocks. the raft risks breaking up. thank uncle. thank. you mobilized. you level old boy told me he would be on me helping all my own but i'm livid the would be island. and they can go they go. boarding with that detail the whole thing you ought to have. a go. you know. if we have. the men know well the dangers of the long run. up ahead the cave ghost passage will test. the legendary mekong river old mother of waters is vietnam's main waterway. it nourishes the six countries through which it flows including laos which borders vietnam. after travelling five thousand kilometers from its source in the himalayas this is where the river vents its rate. over time it's carved out the cone fulls one of the widest waterfalls in the world. yet allow fishermen jump into the water without fear. for me before they're right one mile walk. toward god with the rope out there care can't get you you are going to your didn't call

i would rather see fractional reserve lending authorities so they could compete head-to-head with large private banks. but i do support small community banks and community development banks as well as credit unions. >> thank you, next speaker, please. >> thank you. honorable supervisors, my brothers and sisters, i just want to adjust a few points to the vision part of this. while we have been very carefully looking at the mission nuts and bolts, i'm not hearing, for example, impact investing. i'm hearing about social responsible investing which is what we don't want to invest in. and impact, how could we make a positive impact with our money? which is a topic that's been very much seeded in san francisco, which is why i think a public bank of san francisco would be very apt. i'm referring to the past ten years where there's been an annual social capital conference at fort mason. internationally attended. we also have in the east bay, the community capital conference every year. this may we are having the regenerative economic sup mitt. we are very much thought leaders in new ways of doing economy and i just want to make a few more points about that and i'm done. i haven't heard anything about investing in

basically today it includes the fed, ecb, bank ofening glanld and japan and the swiss national bank. i thankd and cnbc pal jim bianco he helped me compile this chart. i guess it just speaks for itself the high water mark was beginning of february at16.4 trillion we have dropped a little bit as you see. hey, kind of look like a dow jones or nasdaq or s&p well, it should. the other thing that's fascinating is we've often talked about how u january was unbelievable that's because the amount of input was unbelievable listen, we have no idea how big the thumbs were of central banks on the scale of rates. we've talked a lot about it over the last six or seven years. and what many decided, it could be 50, 75, so 0 basis points remember, markets don't dillydally they move first, think later for the most part, we have no idea how much premium oned out but look at how steady rates are. one thing i can say the is you put innovation, a lot of fed treasuries, central bank capital in the equation and fully packed markets looking for great returns. that's the landscape this is what happens when it changes.

banking is just one of them. there's many, many reasons. i hope we could make this happen. thank you. >> thank you. next speaker, please. >> good afternoon, supervisors my name is curtis [inaudible] with [inaudible] public bank sf coalition. i think the main goal for the task force should be to get to a point where you can provide a blueprint to the treasurer and say this is how you create a public bank. that's the main goal. anything short of that is a failure. it's not going to be easy but it's absolutely doable. i think the task force needs to follow some key principles. such as factoring externalities and hidden costs. these are some things often never considered with wall street banks. short-term losses versus long-term gains and redefining what it means to have an economy, false narrative that you need to put profit over people. even the narrative you have to put people over profit, i don't think they are mutually exclusive, i think you could have both. i think the question is who gets that profit. most importantly, i think, for the force is to make sure the public input, that there's a proces

i thank the chairman for yielding and i thank the speaker. i rise today to express my support for h.r. 4771, the small bank holding company relief act. i also want to thank my colleague from utah, representative love, for her hard work on this important issue. we have extensively discussed the challenges that small banks face in the current regulatory environment, both on the house floor and in the financial services committee, including just yesterday with the debate on the mortgage choice act. these challenges contribute to the continued retreat of community banks from small towns and underserved communities across our country. including those that my district in the hills and valleys of western pennsylvania. this hurts families an main street businesses by depriving them of the access to financial services that they desperately need. the small bank holding company relief act will allow more institutions to operate under the small bank holding company policy statement, which will help them raise additional capital by issuing debt. it will also make it easier for covered institutions to form new holding companies, fund existing holdi

thank you all for being with us for our state of the union post game. i like to thank bankerica for making these conversations possible. staff, around-the-clock and my many other colleagues were here, margaret mitchell and neil rothschild, many others who are here, grateful to you all and all of you for coming out so early this morning and i look forward to seeing you on axios.com. thank you. [applause] president trump will be at the republican legislative retreat in west virginia today. he will talk to gop lawmakers. that is live on c-span. supreme court justice sits down for a discussion. life coverage begins at 7:00 p.m. eastern on c-span two. " washington journal," like every day with news and policy that impacts you. wasserman discusses his new project on gerrymandering. then the future of the daca program and trump administration immigration policy. with our life and montgomery, inbama -- we are live montgomery, alabama. ashingtono watch seven eastern.at about life conversations books. as a special project, we're featuring best-selling feature writers. join us live su

[applause] >> thank you all for being with us forour state of the union post game. i would like to think -- i would like to thank bank of america for making these conversations possible. staff, around-the-clock and my many other colleagues were here, margaret mitchell and neil rothschild, many others who are here, grateful to you all and all of you for coming out so early this morning and i look forward to seeing you on axios.com. thank you. [applause] announcer: c-span's washington journal, live every day with >> and we will get reaction from democrats to the state of the union. a train carrying republicans to a policy retreat struck a garbage truck will stop pence spoke at the retreat. we will have bad later. conversation. bill james talks about his book, the man from the train. happen within the thing thatack and a helps identify the crime is that it happens at the intersection of a couple of railroad track and it is at this intersection because he knew he had to get and theywn before dawn are waiting for a train he could we on and the road tracks give more opportunity. sunday. history series, landmark month and w

[applause] >> thank you all for being with us forour state of the union post game. i would like to think -- i would like to thank bank of america for making these conversations possible. staff, around-the-clock and my many other colleagues were here, margaret mitchell and neil rothschild, many others who are here, grateful to you all and all of you for coming out so early this morning and i look forward to seeing you on axios.com. thank you. [applause] announcer: c-span's washington journal, live every day with >> the deputy prime minister of qatar discusses the changing political landscape. a look at the upcoming russian elections. operations, john richardson, talks about the future of his service. the president addresses the republican caucus retreat in west virginia. mitch mcconnell and paul ryan will talk to reporters at a press conference after. d.c., the palestinian ambassador talks about relations with the u.s. downbader ginsburg sits for an interview. the evening, trump will speak at the republican national committee's annual winter meeting. we are lies in montgomery, alabama, for the next stop on the c-span

thanks the bank of america for that message. think you for making these conversations possible. thank you c-span for carrying this event today and i thank my colleagues for our and our cofounder. you for being here. i really appreciate it and look forward to seeing you on axios were we make you smarter and faster. om. on axios.c our next guest has been a congressman, house republican leader, governor of indiana, and is now vice president of the united states. he is always a hoosier. on behalf of my partners at axios we're happy to welcome vice president mike pence. [applause] mike: mr. vice president, welcome back. vice pres. pence: thank you. mike: you were just telling us that a given fix you realized wintere that it to sports, sweating and skiing. "big picture" if i i get off thece: slopes without anything more than sweat at the gold medal. mike: you used to call yourself rush limbaugh on decaf. [laughter] mike: do you ever think to yourself that this would be so awesome if you are still on radio? vice pres. pence: how do know that was where i started out? it was a little radio station in indiana. i did a washington update on w

allison is a bank teller one of the lowest paid in a small computer -- community bank and went to her supervisor and said i thank you made a mistake and he looked at the check and said no. she said that i get a bonus? he said i didn't. but in effect you got a bonus, you you got a raise because of republican tax cuts. and then there is karen serving me coffee every morning at the airport 5:20 a.m. in a hard-working person working the graveyard shift and wanted to know what the benefits of the tax cut word. we put her paycheck and her information through the calculator when they showed up on monday morning she had a smile on her face. she said congressman i will save $1410 every year because of the tax cuts. on behalf of karen and allison thank you and your administration. you are making life easier for working people in kentucky. without market volatility since election day the dow jones industrial average has soared a little over 24000 at one point he had an all time high of 26000. and in part with this administration's policies. but talking about those equity markets is monetary policy. in the federal reserve w

banks? >> i'm only invested in the uk i don't have a view on european banks, but i think the uk banks look undervalued compared to the rest of the world. >> simon, thank you for joining "street signs" today >>> for more on barclays latest results and how they're managing their legacy issues, go to cnbc.com if you want to get involved in the conversation, the address is streetsignseurope@cnbc, or you can tweet me at @streetsignscnbc. >>> coming up, we'll hear from the ceo of anglo after this break. it naturally begins to c, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. i love you, basement but sometimes you stink. febreze air effects doesn't just mask, it cleans away odors. because the things you love can stink. >>> welcome back to "street signs. let's check in on how markets are doing. we had a bit of a wild ride in u.s. equities around the fed minutes that came out last night. dow o

bank for a third of its value it was a good deal for the bank just as it had been when it was first launched. thanks to our now and don't have bank i know how come we came the captain of the new film ship that in one nine hundred fifty six once again for the big old name a ship meant to serve the german government and don't ship bank just like in the old days. to now opened new cinema and he moved further from barnhart's to distant off where he built up a new headquarters he distributed and produced movies. oh that's you should ask if i was there to go. after i can make them pick up till i think that's really good played the son of louisa all of us in his first post war film they were the new for dream team. he said. this to me the capable business woman widow and mother of three sons overcome. all the hardships. of this kind and it's demand on them thank you for you know why and then she even finds new love oh yeah. and you cannot. believe your house. could end up on i've got a son that he. did also for the city i just want to also probably be. at the top you guys. got me was. that the film was going to mother could have been made

thank you for having me here. i represent minority community banks, and also national community banks. we hope you will assist the guidelines including community banks that serve not only urban community bus also rural communities to allow them to be approved to receive capital investments. and in doing that, you are already leveraging a platform that has been providing mortgage, consumer loans and business loans for decades. so if the opportunity zone fund can support this initiative for community banks, it would be a tremendous victory. president trump: we're looking at that, as you know. that nk you for including in the legislation. [inaudible] last year, 75% of capital of the united states was pproved by the senate. going back to startups in silicon valley and new york, not detroit or charleston or other parts of the country, we shouldn't be surprised a lot of eople feel kind of left out. we want to make sure everybody feels included and we can only do that if we make sure capital lows everywhere. we can create more startups in more places. everybody in the administration makes sur

writes i've got to be honest i joined a bank just don't use my taxes to finance it be responsible for your banking financially and politically some wise words but i just have you thank you very much for being on the story thank you if you listen to a bit of sport not in champions nick soccer last time it was a big win for liverpool and they beat portugal five nil away in the last sixteen first leg the gabba clash between riyadh madrid and fire ascension mad or sad drama . over now do well on opposing sides again then it was a visit as p.s.g. who opened the scoring through. madrid managed to equalise to. the start for what netted again after the break and madrid went on to win. the second leg is on the sixth of moksha. time now for the winter olympics at pyong chang day six of the games and a little piece of history has been made jonathan crane. is here to tell us all about the action that welcomes elton. downhill skiing today i'm i still in the process what is that about yes the norwegian has become the oldest to ever win and the gold of mao prime events and the five years old age is no barrier and he didn't sound old which is the really long discourse high speed he

checking account there is money in the bank i could spend today and jeff that promissory note tomorrow so today is the day and i am just thrilled to be here. >> thanke to open up with any questions you may have for captain yellin if you have a question please raise your hand. >> we do have time for a couple of questions and come to the microphone but i have a question this is broadcast worldwide through facebook and recorded by c-span so we have a very large audience and you suffered for a number of years with ptsd so what suggestion or guidance would you give to somebody listening to this that is in need of help? >> i was told i had battle fatigue and the war was over so forget about it. to the veterans today 20 commit suicide every day. they need something for themselves. we spend a lot on antidepressant or antipsychotic drugs which is sometimes addictive or transcendental medication on -- meditation is a 700-dollar fee for a lifetime of health there is a website they can find out about it i still medicate twice a day 20 minutes a day i am alive and it is keeping me alive because you can't force it on anybody but it helps to remove the stress of

i think they will continue to support that. i'm hoping they will. >> okay, thank you very much. i appreciate once again all you do. i yield back. >> thank you, mr. banks. and finally we now yield to mr. peters five minutes for questions. >> thank you, mr. chairman. i thank the leadership for holding this hearing. for allowing me to participate. even though this isn't my subcommittee. i represent san diego, the home of a tremendous veterans population. because of that the nature of our homeless population, it's heavy on veterans. we have a lot of programs in san diego that are community based. we think are doing well. but obviously they depend so heavily on the federal participation. so let me turn to a couple observations, and then ask a couple questions. first of all, we are all very supportive of the interests of the secretary in suicide -- veteran suicide. we don't want to come at the ex-tens of housing because the two are so related. we've heard from you all that suicide rates among the homeless veterans are much higher. so keeping them housed, and off the streets, is, nevin effect, t of the suicide battle as well. we urge the secretary to keep th

i think you're getting hosed... by your bank. no. yeah, you're definitely getting hosed. d app were set up before i left. they call it walk out working. oh, no, thank. we give you and your money respect. not surprises. >> eagle quarterback nick foles is trying to stay chill. let's go to ron eagle party. >> darby was able to practice. jernigan missed his second straight practice. we have been here surrounded dancing like that all day, ducis. look at this, at the media party today, they have to face the patriots. they have been here eight times. they won it five times. might the eagles be headed for the same thing? they have a stellar young quarterback in carson wentz. >> you can have a long career. >> i think the core players we have and coaching that we built can stand the test of time. you never know. >> we have a franchise quarterback in carson. i feel pretty good with what we have. >> that h that's good to hear. we have met a lot of former players tonight. they were talking about the birds. >> hall of famers, all pros. two guys we caught up with, two football legends liked the chances sunday. >> it only comes once in a while. the eagles god a gr

solution to be managed by authorities like the central bank whose policies helped create venezuela's woes in the first place. and that's your business i thank thank you so much for watching. earth. home is of species. a home worth saving and. those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. by deals to protect the climate boost green energy solutions and resource issues. result of people you can not predict the push to create interactive content teaching the next generation about environmental protection. using all channels available to inspire people to take action and we're determined to build something here for the next generation. global ideas multimedia environment series on d.w. . hijacking the new. more i go wrong the news is being hijacked journalism itself has become a scripted reality show it's not just good versus evil us versus them black and white. in countries like russia china church people are told it's that simple and if you're a journalist figure and you try to get beyond it you are facing scare tactics intimidation. and i wonder is

banks under $10 million from the complexity of the volcker rule. is that something that you still personally support and would advocate for? >> absolutely rngs thank you. >> i want to remind my colleagues that the federal register -- this is the volcker rule in the tiny print of the federal register, and all banks are trying to comply with this, mr. secretary, and it's just not doable and when you have federal reserve bank presidents in the country saying they can't administer a rule telling a bank whether they're in compliance or not, we've got a problem. i appreciate your leadership, but it's an fsoc matter that we get that harmonization. the other thing i want to mention, too, is on the subject that my colleagues on the other side of the aisle are talking about and give you a chance to respond, clearly you talked at length about sanctions on north korea, venezuela, and in iran. i want to compliment you again with treasury's work on both sides of the hill to impose and also working with the hill on legislative sanctions here under chairman barr's leadership. do you have a sense of timing on when you might follow through with proposed sanctions on the list

thank you so much for your reporting. the european central bank has remained silent i mean accusations of money laundering at lot vs a third biggest bank a.b.l. the now the latvian president beholden is has weighed in saying his country must improve its efforts to tackle money laundering and corruption bankers in the country are calling on the e.c.b. to step in and sort out the unfolding banking scandal. the european central bank governing council met today with a notable absentee. president bill maher's from savages still embroiled in a corruption scandal and pressure is mounting on the e.c.b. to formulate a response for his part has been tamed as innocence he's called allegations that he solicited one hundred thousand euros a month in bribes a smear campaign leveled against him by banks angered by tougher financial regulations he can't work while the probe is ongoing but he can't be fired either he's ignoring calls to resign. not to resign today because i'm not guilty because it's the aim of mud slingers remains to resign and to prevent me from being able to defend myself i'm afraid that the legal proceedings would last

thank you very much for coming out to the state of the union post again. i appreciate bank of america for making these conversations possible. we have a

i do so much for being with us. banks again. —— thank you.at bbc dot co uk forward slash papers — and if you miss the programme any evening you can watch it later on bbc iplayer. thank you, lisa and sarah. goodbye. it isa it is a much colder day to day compared with yesterday. a brisk north—westerly winds. after yesterday's drab wedderburn many of us, at least today there is some sunshine. we will all see that at some stage. it is only one part of the weather story. there are snow showers to be had coming in quite frequently towards the north—west. we have a north—westerly winds. this speckled cloud the atlantic is the showers moving in, producing some snow across western scotland, northern ireland, north—west england, the pennines. several centimetres of humility and drifting in the wings into western scotland. the further east you are, fewer showers and more sunshine. the showers and more sunshine. the showers dotted about at 3pm this afternoon. there are gaps between them. greenland indicating where it is clear. the odd shower as sleet or

thank. you because i will go looking for in the bill thank the fairies no longer being cold. and begins to drink. thanks dangerously close to the banks of the river. the steering cable is finally repaired and. at the last moment the pilot manages to safely guy the ferry across. it get you know the owner of the truck and once he's paid off the hire the fuel and the food this trip will hardly make enough to live i'm. not privy to most of them coming to the net of. doing a film. just history denied us what's going on down there. after three days and four hundred forty five kilometers eg it completes the first stage of his journey a river around town. isolated and near the brazilian border the small town grew as a result of the rubber gold and timber industry. today one hundred thousand people live in these muddy streets and depend on the not processing plants for their livelihood. in this warehouse tons of the precious nuts arrive every day. because of the dam many wrote even before they're open. to be dried they have to be ventilated but since there's no breeze the employees are continually moving the mountain from notes around. the op

i really think the current system has served us well. you have a great reserve bank president in texas. he is well heard. >> i yield my time back. thank you. >> yield to the chairman. following up on the gentleman from texas, mr. chairman, again, as we rely more on the ioer and less on the fomc to determine the fence fund rate -- feds fund rate, have we diminish the role of these regional presidents? i know the fomc is similar to the board of governors. chairman powell: as a legal matter, yes. it is always set with the broader decision -- >> perhaps that's one more reason we should attend to normalize monetary policy to ensure this diversity of view is represented at the table. view, a diversity of william dudley commented on the volcker rule and said "the line between market-making and proprietary trading is not always clear-cut. this makes regulation in this space difficult. may be worth considering giving discretion to client asks to ensure the markets are illiquid and volatile." we have seen historic volatility and a liquidity fixed income markets since the advent of the volcker rule. do you agree or disagree with president dudley

banks turkey and r. and b. so i think they've got to cut off their call thanks so much for being on the kaiser report thanks max well that's going to do it for this edition of the kaiser report with a mask as our states herbert well i thank our guest dan collins of the china money report the smartest guy over there the operators on twitter it's kaiser reports and . there is now three hundred trillion dollars of a little wealth in the world today but i look at how much money we spend in the world the military. we're just talking about a few more billion. save the lives of people around the world in doing such a way that does it create dependency of it without much wealth in the united states that much will. the rest of the world is there an excusable for any person in the world today to go to the. i played for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the superman each kill the narrowness and spending shouldn't twenty million on one player. it's an experience like nothin

banking industry? >> thank you very much. iger that has happened between the national bank of abu dhabi is very positive for the uae. it has been done on the basis that you have two strong institutions being combined to make them a better institution in one. manus: we have the deputy ceo talking about interest rates and what it means for the bottom line. i think you have got more than 40 banks in the uae. n your view, do we need cross-border consolidation within the banking industry? : i think it is going to happen regardless. and that is due to technological changes. which will drive efficiencies in these banks. i might differ a little bit with others who say, because technology could foster consolidation it might help the smaller players because it is now becoming more attainable in terms of technology and they are starting from a very low base to obtain this technology in a more onlyeffective way where the big players could afford to get into these technologies. manus: so, you welcome healthy competition? mubarak: definitely

bank of -- and thank you so much for being with us. we appreciate bank of america making these conversations possible and now we will see a quick video from bank of america and i will be back. ♪ >> you look at the kind of things in the world that we can use, the people we know the , contacts we've made, to hopefully make a better world with respect to some of the issues of today of climate change and we should be able to do it by being smart. >> we start to brainstorm how could we bring financial instruments to the table that would enable us to scale. ♪ >> we partner with them to create a subsidiary that can own assets in concert with them and help drive down the cost of capital so that they can sell more at a more competitive price. ♪ >> because of how low-risk these investments are, the pension funds, insurance companies, sophisticated money managers, all clients of bank of america , they are now investing directly. ♪ >> i love it when i go meet with the ceo or cfo and i find the common link in how we can connect our firm to them. the causes that we believe in. ♪ >> thank you very much to bank of america for that message and now it's our honor to have with u

thank you. the european central bank has remained silent i mean accusations of money laundering at lot vs a third biggest bank now it left and president for your niece has weighed in saying his country must improve its efforts to tackle money laundering and corruption bankers in the country are calling on the e.c.b. to step in and sort out the unfolding banking scandal. the european central bank governing council met today with a new double absentees central bank president bill maher's from savages still embroiled in a corruption scandal and pressure is mounting on the e.c.b. to formulate a response for his part rimshot has maintained his innocence he's called allegations that he solicited one hundred thousand euros a month in bribes a smear campaign leveled against him by banks angered by tougher financial regulations he can't work while the probe is ongoing but he can't be fired either he's ignoring calls to resign. surely this isn't president decision not to resign today because i'm not guilty because it's the aim of mud slingers for me to resign and to prevent me from being able to defend mys

direct if not even a direct attack on the european central bank as well that's why they might be trying to do this in his paper at a technical cup i thank you very much for your analysis. can i blues in is in frankfurt following these forests the home of the e.c.b. i should point out conrad way of talking about one of the top officials of the e.c.b. and the top council has been meeting today was this discussed by any chance. well the e.c.v. doesn't talk about what was discussed at this meeting all we know is that in a muslim show vigil was not taking part in this meeting the anti corruption of or a tease in latvia prohibits him from doing his job at the moment so as deputy governor came to frankfurt but i think the fact that the european central bank does not talk that it remains so quiet is very telling as well quite obviously the e.c.b. once to keep this a domestic affair something that has to be solved on the national level and not on the european level which is if i may say so a shame because not only the reputation of the national reserve bank of latvia is at stake here but the reputation of the whole euro system and the e.c.b. its

bank. way to go. she's out of a job, but now she has $20,000. i love this job. thanks for watching today.en a part of this one, i'm chris harrison. we'll see you next time. [cheers and applause] [dramatic music] ♪ closed captioning sponsored by: t anreige ustof. akortrorulnceas.ve d what no more re-applying. we listened. new gold bond radiance renewal exfoliates then our triple blend of moisturizers helps prevent dry skin. gold bond. >> "action news," delaware valley's leading news program, with jim gardner. ♪ ♪ >> in only one country have scenes like this become painfully common. in only one country have there been 48 shootings in or near schools since the beginning of 2018. around the world these horrific images of boys and girls trying to escape gunman invading their school are sews with one country -- ours. today the scene was in parkland high school north of miami. the gunman is behind bars. he killed 17 people today. it's the latest mass murder tragedy. it is a horrific situation. it is a horrible day for us. said the broward county sheriff, there are no wor this as police apprehend

i want to thank you and the administration for the tax cuts and jobs act in the kentucky congressional district. alison is a bank teller at one of the lowest-paid bank tellers of a community community bank in barea, kentucky. she went to the supervisor after they adjusted her tax withholding. she said, i think you made a mistake. and he looked at the check, and he said to alison, no, i didn't make a mistake. she said, did i get a bonus? and he said, actually, i didn't give you a bonus, the bank, the vice-president said this to the teller. we didn't give you a bonus but in effect you got a bonus, you got a raise because of republican tax cuts. and then there is karen. karen has been serving me coffee at 5:20 a.m. every morning when i go to the airport to get on the 6:00 a.m. flight to washington, d.c. she's a hard working person. and she is working the graveyard shift. she wanted to know what the benefits of the tax cut were. we put her paycheck and all of her information through the tax calculator and when i showed up on monday morning, yesterday morning she had a big smile on her face. and she said, congressman

i think for events have started thanks to his face transplant if i could go on for hours with this new challenge about to use a bank check it out yourself you only. get. to. the end. job because he is from afghanistan he's on his way to his first job interview he's one of a round one point three million asylum seekers who've come to germany over the past couple of years bill we work from seven in the morning to quarter to four is eight hours for voting action and. those that a lot of them are before i began working back at home i learned the.

again, i would just say i really think the current system has served us well you have a great reserve bank president in texas and his voice is well heard. >> i yield my time back. thank you. >> thank you >> yield to the chairman >> yield to the chairman >> following up on the gentleman from texas, again, as we rely more on the ioer and less on the fomc to determine the fed fund's rate, then haven't we diminished the role of these regional fed presidents i know that the fomc is similar to the board of governors, but it's the board of governors that said ioer, correct >> it's a legal matter, but set consistent with the broader decision >> i would just say mr. chairman, perhaps that's one more reason we should attempt to normalize monetary policy to ensure this diversity of view is represented at the table speaking of diversity of view, last year in a speech, new york fed reserve bank president william dudley said the line people market making and trading is not always cloer cut, which makes regulation in this space difficult. maybe worth greater consideration giving client business to intervene when markets are liquid and volatile. we have seen historic volatility and

. >> joining us now is david woo from bank of america merrill lynch. thanks for joining us. i guess let's start with the rates story. clearly a spark for some equity investors as rates have risen in the u.s., people have decided to sell off equities. we crossed up to 2.88, 2.89 yesterday in terms of the ten-year what's your expectation of where that goes from here? have we broken through new levels that the yield will rise well beyond that i called this optimism selloff to the extent higher rates right now is a delayed reaction to tax reform having been passed. investors started to realize this will be much more bullish for growth outlook, this will lead to a high potent initial growth rate. this is why i call this an optimism selloff not about monetary tightening. this is the reason why the dollar has been strengthening based in the last couple of sessions >> this is important to go into that point versus the financial crisis as we learned from reporters around the world that the percentage selloff in equities is the biggest since weeks back. you don't think it's comparative

i want to finish this work with the successful nafta update an estimated tens of billions of dollars of deals for u.s. companies are waiting in the banks pipeline. >> thank you mr. chairman. mr. secretary i agree with mr. neil. the budget is a reflection of our values and our priority. is there any money in the budget to deal with the proliferation? >> i'm not aware of that level of detail for me to be the expert. >> in light of what happened yesterday i think the gun violence is a tragedy what we have seen. i urge congress to look at these issues. >> do you propose to do something? >> i have best responsibilities but this is out of my lane. >> your part of this administration. were losing hundreds of thousands of people, young children, in school trying to get an education, they're murdered. teachers a football coach, and you're saying to me who represent the people in georgia and the city of atlanta that we have the cdc and someone in this government told the cdc we can do better. we must do better. we have to save our children, our citizens, our teachers. so do you have anything? >> i appreciate the severity of the tragedy and i will speak to the pres