charlie: evan, thank you so much. ece that evan wrote, making a killing, the business and politics of selling guns. and karl hosting, from the new york times covering this and , many other important issues. ♪ ♪ charlie: aluf benn is here, he is the editor in chief at haaretz. anplans to run, he wrote article against netanyahu against him last week. he was replaced by lieberman this year. he wrote the lead essay in foreign affairs magazine. in it, he called the end of the old israel, how netanyahu has has transformed the nation. i am always pleased to have him at this table. welcome. aluf: thank you, charlie. charlie: what has changed? what has benjamin netanyahu done israel?our -- to or for aluf: he has been around for many years in israeli politics. he is first elected 20 years ago. he returned to power seven years ago. it is kind of center-right, very low risk conservative. most of his energy was focused on lecturing the world against nuclear iran, and in the end, lecturing at just a deal that was reached with iran.

charlie evans, the strategy is set out a number that is clear. something super simple.tions aspect is a lot more straightforward. how do we communicate that even with inflation below our target, we are trying to reduce rates. tighteningpresents a bias and what he is proposing is maybe we shouldn't even have a tightening bias. that tong to be taking the fomc meeting with him and raising that is pretty significant. joe: thank you for joining us. we talked about the speech a lot of people miss. scarlet: what you need to know for tomorrow's trading day is next. ♪ scarlet: the final read tonight for the first quarter. alix: china imports and exports around 9 p.m.. joe: and jolt out mark: i mark halperin. john: i'm john heilemann. with all due respect to the find attached to the super tuesday from the past, sayonara. >> the final super tuesday. >> the last so-called super tuesday. like the last super tuesday of our lives. last superthe tuesday. it seems like it has been going on forever. part three.sday >> another super tuesday.

not get much attention, but it is an interesting call because, of course, of course, charlie evans isl member at the fed, the chicago fed, and basically what he is saying is we want to be confident that inflation is going to go towards 2%, why not wait and see if it actually happens? anchor: does that mean lower for longer? joe: whether it is the pace of hikes thereafter, presumably some sort of data dependent kind of thing, but going back to talking about evans influence long ago, long before the fed started hiking, he was the one who said, why don't we just say if we are not going to hike at all or talk about hiking until --her flechette is around inflation expectations are around 2.5% or unemployment drops to below six and a half and so he said set a level and make that clear, so it is a bit of a reprise of what we called the evans group back then, what he is suggesting now. anchor: so the kind of adopted that for a while. joe: yes, they did, and one of the measures of stimulus that they conducted, and there was qe2 andt qe and then then operation twist, and then they said here are

narayana: i actually think that wedding what i just said to what charlie evans said makes a lot of sense on it. you need to spell out your goals, be clear with what you are trying to achieve. but you want to take actions that are more aggressive than the ones he laid out. the interest treat rate increase in december as a given? i see no reason to do that. in fact, when you do that, you make it harder to raise rates ever. asyou start to treat those where you will set interest rates then you have to hesitate what -- hesitate when you have an interest rate hike again. so i would wed what charlie said with my proposal and it would be profitable. jonathan: when is this bias towards normalization, where does it come from? where did the bias emerge from? -- iana: you know, i think have been going back for some for some research from 2009-2010. it is a human instinct to try to get back to the way things used to be when they were easier. and i think the bias towards normalization is simply a human instinct to say economic they'rens look like back to normal. can't we make policy the way we used to

charlie evans was out there as well talking about the markets and down side risk and some of the concernshat exist right now. i think what joe's talking about is right. they are looking at the market. they might not say it. they say they are looking at all the various economic numbers. they are looking at the stock market. >> the whole problem with that is we have already discussed the fact that the market in many ways has been guiding the fed rather than the other way around. >> yeah. >> that's what the narrative has been. the market has been dictating to the fed this is what you are going to do rather than the fed dictating to the market. >> there are a lot of problems with that. >> the brexit, if the dollar moves up from the scenario laid out before, they can't cut numbers. they can't cut rates again. >> i would say the policy bears who think everything the fed does is wrong or going to fail, they point that out all the time. looking at the s&p is not the heartbeat of america. >> to steve liesman, with the very latest on what the fed chair will say today. >> janet yellen will say the f

which has also been -- 49 and change, almost all week. >>> in our headlines chicago fed president charlie evansaid a case can be made for deferring rate hikes until core inflation reaches the fed's 2% target. that would take until 2018 if the current fed forecast holds. evans emphasizes that his base case is still for two rate hikes before the end of the year. he did say it didn't really matter when the hikes came. more consolidation could be ahead in the airline industry. united, continental and delta are among suitors for avianco holdings. jpmorgan chase ceo jamie dimon says the brexit would be terrible for the u.k. economy and for the bank. it would mean fewer jobs. >> for today, we can service eu companies here, freely, with systems technology, research, investment banking, sales and trading. we can do it here. after a brexit we cannot do it all here, and we'll have to start planning for that. i don't know if it means a thousand jobs, two thousand jobs. could be as many as four thousand. jobs all around the u.k. the most important thing for me is we're going to take care of our people. we'l

charlie evans was telling anna edwards this earlier, they want to see wages rise and pull up inflationow line is wages and it is finally starting to happen. we are starting to see inflation rise as wages go up. tom: michael mckee getting you ready for the job report. this has been a brilliant our. jeremy stretch, brendan brown. greatly appreciate your appearance this morning. coming up in our next hour we will continue to look at the american job economy. holz will join us, and howard ward will join us. howard ward of gamco on your inner blue-chip. it is a dark and gloomy new york awaiting the jobs report. ♪ >> we have the best of both worlds. tom: this is remarkable. mr. diamond of jpmorgan. he has 16,000 employees in the united kingdom. of london, a jpmorgan meeting, which i would suggest is tinged with the backdrop of june 23. jamie dimon making comments this morning to his employees, of -- maybesupport this is a window of what is to come in the coming weeks. we say good morning to all of you worldwide. let's listen frame on it. well, there is the chancellor ending his comments. let

let's not forget charlie evans a few weeks ago put forth a very, very different view, saying it's wait until you see the whites of their eyes argument. it goes well beyond just the timing of the second rate hike. >> jason, do you think this gives them more credibility as jeff gundlach suggests? it's clearly admitting by the fed officials they've gotten the economy wrong at this point. >> i don't know if it's admission or credibility issue. i think the reality of the situation that they're facing is we're dealing with a very slow growth economy, border line on being able to absorb a lot of interest rate increases. on near term basis, we have a couple of things piling on in terms of risks, brexit obviously being one of them. but the primary real issue is growth has been slow since this recovery started. the expansion has been slow. even though we got hit really hard at the start, and that slow growth nature does not allow for rates to rise a lot. i still think they're going to be raising gradually. i don't know if i agree with the no interest rate increases whatsoever for three years tho

the fed president charlie evan said something similar about a week ago. should not move unless you see inflation hit 2%. that's a very specific target and the fed has been unwilling to underline something so concretely. >> i wrote a note about this yesterday. when i look at the eve illusion of -- at the evolution of inflation, the committee has not met its inflation objectives. they continue to signal they will tighten policy has left you a notable decline in inflation expectations and will make it more challenging for them to meet their inflation objectives. you ask if the fed has credibility in a couple of words from janet yellen and then they do. what is the significance of asset prices in your mind? >> i don't know if i fully agree with that. when you look at financial conditions in the u.s. in late 2014 when the fed started signaling rate increases, we saw a tightening in financial conditions. that tells me that the communication impacts asset classes. the: kill the dots, kill dots. good to see you, thank you for joining us. i would love to see the m

this point.c at charlie: thank you so much. the piece that evanrote, and carl fromng, the new york times covering this and many other important issues. ♪ benn is here, he he announced he plans to run against him. liebermanlaced by this year. he wrote the lead essay in foreign affairs magazine. he called the end of the old israel, netanyahu has transform the nation. i have pleased to have him at this table. welcome. aluf: thank you, charlie. charlie: what has changed? what has benjamin netanyahu done for israel? aluf: he has been around for many years in israeli politics. it is kind of center-right, conservative. most of his energy was focused on lecturing the world against that -- he wonal the election and an uphill battle. he won a decisive victory. charlie: a surprising victory. aluf: according to those working the campaign to that extent. the base of the smaller far right wing parties and convince them to vote for him. he won decisively. then he had to choose, building a centrist coalition with the labour party. more homogenous right wing coali

a lot of people were speculating it was charlie evans or one of the more dovish officials. >> i thought there is more support on the fed for the low funds rate and keeping it low. he says we've shifted to a new regime. the old forecast model we had worked okay for a couple of years, there was a little bit better growth, north of 2.5%. now that we've settled on the 2% growth, it's time to let the model fit the reality of what's going on. he says under the current regime this is the best guess for where the economy will be going. goes along with what yellen said when i asked her how have you brought down rates in the future. she said some of the head winds that we thought were temporary look like they'll be permanent. >> the headwinds are the fed itself. >> yellen didn't mention that, joe, as one of them, joe. i can see how you think that. >> there will continue to be headwinds to economic growth. >> low productivity in the u.s. weak global growth. >> chicken and egg. >> we didn't mention the fiscal regime but that's something other fed officials have talked about, sort of the lack of fis

guest: i think wedding what i said to what charlie said makes a lot of sense. i think president evans is right on it. you need to spell out your goals and be clear about what you are trying to achieve, but i think you want to take actions that are more aggressive in terms of what he laid out to achieve those goals. why should we treat the interest rate increase as a given? i see no reason to do that and, when you do that, you make it harder to raise rates ever. you start to treat them as floors for where you are going to sit said -- set interest rates. i would wed what charlie said to cutat my proposal rates and i think the two together would be very powerful. where did this bias toward normalization come from? back been going through some research and reading transcripts from 2009 and 2010. tos a very human instinct try to get back to the way things used to be when they were easier. bias toward normalization is a very human instinct to say economic conditions look like they are back to normal. can we make policy the way we used to when it was easy to make policy? unfortunately, i thi

evans axle bank has more. >> reporter: deputes say that the men were on the dating website plenty of fish when they met supposed woman with a profile name of curvy cameron. the suspects charlieron davis and rachel brown, allegedly convinced at least three men to show up to the $60 a night crash pad. deputes believe they didn't use their own pictures to show the men. while at least three people have been robbed over the last week, deputes say there could be more. >> people are victimized and many times they are not comfortable calling and reporting it. they feel guilty, embarrassment, a number every things of reasons why they may not call. >> i have met people online before, but i always make sure to meet them out in a public area, not just one-on-one kind of thing. because like i said, you don't know what that person could be capable of of the. >> reporter: plenty of fishery lease add statement to us saying that users should be aware of the risks associated with all online exchanges. the two men have been charged with two counts of armed robbery. the woman charged with helping them. >> thankfully the three men who have been beaten are expected to be okay. >>> so maybe you're

can begin to come to a close, but evan perez, thank you so much for that really significant nugget of news and, again, we're watching and waiting to hear from charlie is the lapd chief to get confirmation on that officially from him. stephanie elam, as i mentioned ago, is our correspondent. she and her crew have been different locations on campus there. describing the scene. it's quiet. go ahead, stephanie. >> reporter: you can see right now we were just told by these officers who were here that you see in the shot right now to get back. that is still an active scene, but i have to tell you that the energy on campus is -- has changed since i first got here. they are still saying, look is this is an active scene. get back. if you're too close you could be part of the problem but i've seen more people coming on campus and even the energy around some. buildings seems to have changed a bit. this idea obviously being tweeted out that you just heard evan talking about is something other people are talking about as well, and so it's still very scary for these people that are held up in these buildings, holed up, looking out the window and you can still se