an hour with christine legarde this year cost seventy thousand euros that's the most expensive i've heard i'd love to see the disco dance floor there because imagine the ring tones as soon as somebody is rincon goes up oh my god if any freddie are placing an order let's go from around them and it's a stampede to the cell phone tower and you know yeah this is the devil stance so you get the white man dance there trying to you know dance like a white man right like a farmer. and then the ring tone goes off like doing go boasting go bells then the dances are so bummed out i'm still gonna sell for the throat. froufrou for making money christine legarde is a crook and then the ring tone goes off and then it's back to the white man farmer day. there's you know there's a george soros you know. vomiting on somebody some triple martini kamikaze had was out sebastian is also investigating deutsche bank for rigging manipulating gold and silver prices and now this this regulator from baffin says that the issue is causing such a public reaction is understandable the financial sector is depe

christine christine legarde was just saying this week that we need to protect ourselves against the deflationary ogres ok once again accu in paul krugman says there's deflation we need to print christine lagarde saying oh the deflationary ogre's we need to print the e.c.b. there's deflation we need to print mark carney well there's not sure about inflation but got to be careful about deflation we've got to print doesn't give doesn't printing money. to feed the zombie banks in fact is that the number one. deflation it will it will exacerbate things much more than the thinking from that perspective because they're basically the way they're doing it is by buying exchanging cash for bombs so instead of the set of bankers that used to make money being the bankers of the government by basically giving a home for the government paper and now the state is basically saying to the people look we'll make you wealthy if you just hold on to government bonds interest rates will go to zero you'll have these huge profits and you know you'll you'll make a fortune like all of the bankers i was given example just

on january 15 we have christine legard, the head of the i.m.f. secondly, i'd like to present you with our traditional national press club coffee mug. >> thank you. >> you're welcome. thank you. >> you never have too many coffee mugs. thank you very much. >> thank you. and one last question. we try to end on a light-hearted note. so i am told that you are a big new york giants fan. and that you -- >> that's not light-hearted. [laughter] >> eli manning preceded you a couple years ago as a national press club speaker. i want to know if you have any lessons learned from your army service, strategy, drone strikes, anything that can help that you can use as advice for the giants? >> well, first off, i actually am very close friends with tom coughlin, who is the coach, and i also had the opportunity to know and get to know very well eli manning. they have some work to do. [laughter] the only thing i'm positive up is we did beat the redskins twice this year. i know that's not saying much but you got to live on whatever you got here. but what i'll say, i

but it is worth pointing out that those numbers are record lows and it is what has people like christine legarde talking about that being real deflation risks. >> the dow gained 0.7% in yesterday's trading session, indicating lower by around 25 points so far this morning. the nasdaq futures bucking that trend higher by around 5 points this morning on number three level high yesterday at the close. for the s&p 500, the first record close of the year there indicating lower today by just over 3.5 points. let me give you a look at the ftse cnbc global 300 stocks. taking back some of the gains that they've had over the past few sessions. the ftse, relatively unchanged in the session today. the german markets moving around 0.1 is%. the french market is lower by around 0.25%. and the italian market down 0.3%. ross. >> yeah. not far away, are we, from the all-time highs. those elevated levels, it follows a pretty good session on the euro. sort of a bond market today. treasury yields edge back up from the lows that we hit. the latest, these are doves saying maybe there's a case of tapering faster if we n

had fed officials today talking this economy may need more stimulus, that comes a day after christine legarde warned xerox about the possibility, heating up the market but what has been really heating up the market is the incredible physical demand in this market. shanghai gold delivery doubled from a year ago and up dramatically as demand in asia t in the united states. the gold supply hit a record low so somebody's buying gold, may not be the investors but the physical demand is going crazy. the other thing is other precious-metals, silver jumping up right now and platinum and palladium, possibility of another strike in south africa that could tighten supplies and we are already worried about a supply deficit in both of those commodities right now. ashley: oil prices rising after the highest level in a couple weeks. what is the main reason? phil: opec talking out of both sides of their mouth. on one and opec is saying we are pumping the lease will since 2011 and and the next day they come out with a report saying they think the demand for their oil is going up. that lack of production and t

on january 15 we have christine legard, the head of the i.m.f. secondly, i'd like to present you with our traditional national press club coffee mug. >> thank you. >> you're welcome. thank you. >> you never have too many coffee mugs. thank you very much. >> thank you. and one last question. we try to end on a light-hearted note. so i am told that you are a big new york giants fan. and that you -- >> that's not light-hearted. [laughter] >> eli manning preceded you a couple years ago as a national press club speaker. i want to know if you have any lessons learned from your army service, strategy, drone strikes, anything that can help -- that you can use as advice for the giants? >> well, first off, i actually am very close friends with tom coughlin who is the coach and i also had the opportunity to know and get to know very well eli manning. they have some work to do. [laughter] the only thing i'm positive up is we did beat the redskins twice this year. i know that's not saying much but you got to live on whatever you got here. but what i'll say, i