we will talk about dodd-frank, and fossil fuels.hen it comes to trump's approach to regulation, good policy, good politics? john: it depends. this is one of those things widespread deregulation, radical deregulation, which is when a large number of people trump appointed are in favor of, people who want to dismantle federal agencies like the epa and the labor department, those things are not big popular things. there is a widespread perception that obama has overregulated the economy. if by deregulating it a smart way, you unleash growth, it will be popular. the country is in favor of safety regulations and keeping our rivers and streams safe. there are people who trump has appointed who would like to kill all those regulations. the question is, what does the regulation at up to? mark: in the short-term, it is good politics. business owners think they are overregulated. it will be in the implementation whether it is good policy. there is no doubt, part of why the markets reacted promise -- promisingly is that there will regulation.

dodd-frank, dodd-frank, and how he will strip key parts of that. conversations are already underway. i was speaking with a senior banking lobbyist and literally went through a checklist of the aspects of dodd-frank that they are bullish on repealing. when you take a look at the tea and howf the industry he responds to questions, it will be around which specific areas in the first 100 days he will get rid of. vonnie: let's bring in bill on how goldman sachs came to rule the world. sachsms the goldman dominance continues. yes, he is one of about five or six at the moment. howas everybody wondering this could happen because donald trump was so critical of goldman sachs throughout the campaign. repeal he will dodd-frank is if you look at what his list of things he is focused on for the first one hundred days, dodd-frank is not in that list. i am not sure he will immediately give a bone to wall street. that's not very popular and not very populist to reform some of the other things he talked about. i am not sure that will happen right away. vonnie: you

director dodd. >> thank you. in the interest of being brief, i will call your attention to the info graphic on page 4 but i will tell you a lot of work going into putting into the annual report each year and i used it for a presentation yesterday in the adaptive business and people were just in ah how much we do. if you look at page 4- >> sfgtv. >> if you look at page 4, you actually can see since just 2012 increase since member lives. it is steep curve. we are spending $11.1 million on administrative cost and that is to serve over-looking at medical plan enrollment. this is from january of 2016, those are the numbers, but it is to sunch over 114,000 people. there are a couple brokers and employers and they said you do all the benefits administration and that is your budget and i said yeah. most large employers and even small and mid-size contract out the administration of benefits and we do it internally and do it very well. this tells you how much the employer contributes, how much the difference employers cont

prior to dodd-frank the law was clear. if the commission wanted to impose position limits, it first had to make a determination that such limits would in fact diminish, eliminate, or prevent the burdens of excess speculation. post-dodd-frank the courts have ruled additions to the statute have rendered it ambiguous. we have disagreed how to read the statute. today my amendment fixes this by requiring the commission to determine the position limits will reduce the burdens of excessive speculation before they put them in place. the need for limits because limits are an unmistakable burden on market participants. this proposal would cause market participants time and money to comply. it fundamentally changes the way hedgers can seek relief from those rules. agriculture producers and processors, power companies, and other commercial herges may have fewer bona fide hedges. what's more, they might get to a hedge exemption only to get a call from washington telling their hedge is invalid and must liquidate that position. the propo

the reformation of dodd-frank is not that high on the list. also, there's a question of how much an appetite there is for this kind of bill right now. there's one prominent wall street analyst who says maybe the reform of dodd-frank belongs with the federal reserve and not with congress. realistically, how much of an appetite is there to reform dodd-frank. >> i know the president-elect has said he plans to dismantle dodd-frank and i plan to help him do that. there's a lot of dodd-frank that can be dismantled by the incoming administration. there's a fwar amount of dodd-frank which can be dismantled from the reconciliation process. that's inside baseball that can happen with 51 votes in the senate. >> are we talking about the first 100 days, talking months? years? >> not the first 100 days. the president-elect has already outlined the top three priorities having to do with rebuild and replace of obamacare, fundamental tax reform, strengthening and controlling our borders, but shortly thereafter comes relieving the american people of the sheer w

, that only works with things that affect spending and dodd-frank is huge.f financial legislation that only some of it can be done with that 51 majority that reconciliation nays. you will need 60 votes in the senate unless there is a huge change in how the majority runs things. look for maybe some red state democrats up for reelection in 2018, maybe they will go a long with some of this. you have heard chuck schumer, the incoming leader of senate democrats say they will fight tooth and now to stop dodd-frank changes and he's got the votes to stop it. that's the biggest hurdle. >> thank you both. mark helper in and john heilemann will look at key issues facing the incoming trump administration and tonight, they will break down the trump plan for the nation's economy. they will have special coverage of the trump administration. coming up, staying with the devils and energy -- davos and energy fame, the world economic forum is ahead of tomorrow's annual conference. ♪ anna: welcome back, this is bloomberg markets. the world economic forum kicks off in dallas in

this is what he said about dodd-frank. >> i'm not a fan of getting rid of dodd-frank. there are elements of dodd-frank that clearly need to be curtailed. parts of the vulcar rule are affecting the market's liquidity. the structure of at the front end making sure banks have enough capitol at the back end for those getting in trouble making sure there's a resolution process and in the middle having an annual health check is a great structure. the challenge is let's start moving the ball. let's absorb the regulation we have. let's accept the capital levels are sufficient. let's take away things that are causing liquidity to dry up in the markets. >> so that's one of the big guys. you know, the ceo of bb&t told us the same thing. tweaking at the -- >> at the margins. >> not an overall. >> this idea, dick, of moving the ball, does it add any sort of risk into trading the bank stocks, the uncertainty over what any change in dodd-frank is actually going to look like? >> no, because basically any change is going to be a change that would be preferable to what we have right now

director dodd. >> thank you. in the interest of being brief, i will call your attention to the info graphic on page 4 but i will tell you a lot of work going into putting into the annual report each year and i used it for a presentation yesterday in the adaptive business and people were just in ah how much we do. if you look at page 4- >> sfgtv. >> if you look at page 4, you actually can see since just 2012 increase since member lives. it is steep curve. we are spending $11.1 million on administrative cost and that is to serve over-looking at medical plan enrollment. this is from january of 2016, those are the numbers, but it is to sunch over 114,000 people. there are a couple brokers and employers and they said you do all the benefits administration and that is your budget and i said yeah. most large employers and even small and mid-size contract out the administration of benefits and we do it internally and do it very well. this tells you how much the employer contributes, how much the difference employers cont

dodd-frank was a disaster. we are doing a big number on dodd-frank.he repeal might actually help the financials, but interesting late -- interestingly, all bank stock fell. this is a not in effect from what is been happening in the markets because of the uncertainty in terms of president trump's policies moving ahead, as well as with the possible shipping a way of dodd-frank. we are not sure of the timeline. this is the first day he is talking about it. you can bet that democrats are trying to make sure that dodd-frank does stay alive. rishaad: thank you. we are expecting donald trump to announce his nominee for the supreme court tuesday evening in the u.s. it should be wednesday morning in hong kong. you can watch that live on bloomberg. , paying the price. mitsubishi aircraft and why japan is no closer to taking off. ♪ quick check of the business headlines. recorded a $6 billion loss and does nothing about it. fears about the company have been realized. he criticized toshibas september reports about improving its internal controls. the company is ex

i proudly supported the dodd-frank act and believe the s.e.c. has implemented many regulations that will guard against another financial crisis and help preserve the financial future of american families for generations to come. for these reasons, i am concerned the regulatory reviews required by the underlying bill do not properly account for investor protections. to that end, my amendment ensures the s.e.c. does more than just consider how a proposal or a proposed regulation will impact businesses. it expressly instructs the s.e.c. to waive the safeguards of investors when changing a rule or regulation. my amendment instructs the s.e.c. to continue focusing on investor protection, not only when drafting new rules, but also when reviewing existing regulations. let me be clear. it is vitally important that this language be included to ensure investors do not take a -- investors' needs do not take a back seat to industry concerns. we must never go back to the days leading up to the crisis, mr. chairman. by simply instructing the s.e.c. to take in

>> good afternoon president scott, commissioners, director dodd. [inaudible] president of the municipal executive association which is the bargaining unit representing a thousand managers throughout san francisco city government and part of mea's mission is promote professional excellence for city managers and it is in that context that i'm here today to speak on behalf of mea to commend director dodd for years of outstanding services to the health service system. in her work to design, negotiate and administer health benefits for over 113,000 employees for san francisco, san francisco unified school district, city college of san francisco, and superior court of san francisco director dodd has shown to be a brilliant professional who's accomplishments include professionalizing the customer interface and improving customer services such that hss is a fierce advocate for outcome frz the members. director dodd improved the sign up system and implemented wellness programs for employee squz retirees. established a data analytic section and established t

director dodd. >> thank you. in the interest of being brief, i will call your attention to the info graphic on page 4 but i will tell you a lot of work going into putting into the annual report each year and i used it for a presentation yesterday in the adaptive business and people were just in ah how much we do. if you look at page 4- >> sfgtv. >> if you look at page 4, you actually can see since just 2012 increase since member lives. it is steep curve. we are spending $11.1 million on administrative cost and that is to serve over-looking at medical plan enrollment. this is from january of 2016, those are the numbers, but it is to sunch over 114,000 people. there are a couple brokers and employers and they said you do all the benefits administration and that is your budget and i said yeah. most large employers and even small and mid-size contract out the administration of benefits and we do it internally and do it very well. this tells you how much the employer contributes, how much the difference employers cont

mike pence said they will relief the burden of dodd-frank. you at allianz, being at your financial operations dealt with some say onerous rules of dodd-frank that are big regulations. what does that mean somebody to you and financial world which by the way has led the rally since election day for the banks? >> the news will be welcome especially by big banks. they will see this yet another enabler for them. comes after two earth enablers. we are seeing possibility of deregulation but we're seeing interest rates going back up. that's good for banks and we're also seeing the economy growth perspective going back up. this is just going to reinforce the sense that financials are in a much better place than they have been for quite a long time. liz: it matters to me you're here especially on a day like this. in october we spoke, you were going more to cash. i believe you had 30% in cash which seemed a little high for a guy like you who likes to put your money to work. one month later after the election we see this incredible rally. we can show wha

. >> reporter: world war ii veteran edward dodds was honored in a most unexpected way. while in the south pacific he lost his 1938 audubon high school class ring. went missing 73 years until a poor farmer digging if his gander found it met an strawsian who convinced him to look for its rightful owner in an odd coincidence his niece lives in south jersey, it had 1938 on one side. >> her uncle from the other side of the world started research and and connected with the alumni association and determined the initials edd might belong to edward dodds. >> those people have the -- in my heart, those people sacrifice add lot, and if it weren't for them, we wouldn't be enjoying the freedoms that we have and the way of life. >> reporter: they found rich dodds, the son who died 20 years ago, his father is gone but in a special presentation, a ring that he barely remembers his father once mentioning is now back in the family. rich find the entire story hard to believe. >> why us? why were we chosen for this set of domnies to line up and create this story? that's what we take from t

dodd-frank is a disaster. bige're going to do a number on dodd-frank. should we interpret that and from your perspective what should be done here? >> the president has made a number of comments about dodd-frank but they have been general so we are not clear on what he means in general. the people have not been confirmed and are not in place. the details are important and yet to be determined. something they might look at our reasonable adjustments to dodd-frank. he still protect consumers and the economy but making sure he also do not suffocate and spiteful things needed in the economy like lending to small businesses and consumers. some tweaks might be in order to strike that balance. >> the sfr is more -- >> it might. if you have the consumer financial protection bureau, which is helpful to consumers in many respects, but it is run by one person without oversight from congress. many of these agencies have those sorts of due process components. we think that would be a good process reform. that was financial services roundtable ceo and former minnesota

chris dodd, barney frank. dodd-frank. >> i remain skeptical about that. >> still to come, want to latch -- what to watch in 2017. we will get our panelists predictions. >> >> what's the big thing to watch in 2017? >> the president to watch the common sense of the american people and how they go about their lives and livelihoods. >> i want to see how he backs down from his cyber hacking attribution and what president trump will do the first time vladimir putin crosses the united states as he surely will. gregg: thank you for being here. happy new year. "mediabuzz" with howard kurtz is up next. i'll see you at 12 eastern. happy new year. reporter: happy new year. i hope you enjoy this first edition of "mediabuzz" in the new year. confidence in the press plummeted. we'll look at how the media might repair their tattered credibility with molly hemingway. barack obama takes the stable insisting he could have won a third term.

we will do another on dodd-frank, that is what the president had to say today. lot about the financials as we work our way through the program. another thing we are about is the periphery of europe. yesterday was a really big day in europe. kind of got buried in the news flow is running what is happening with donald trump you portuguese market down hard yesterday. italy down hard, greece down hard. really a spike in yields for the personal area. we are coming down the this morning. -- other thing to mention the ecb program looking at the front end. currency market stories come down as well. the currency general here, the japanese yen is not doing much. -- clarity on that later on. trump haspresident hired the acting attorney general after she said she would not defend his controversial troubled man. sally yates was ousted hours -- it wassaid his inconsistent with the allegation to seek justice. tradeite house said she the department of justice by refusing to enforce a legal order to protect u.s. citizens. president trump also stepped up criticism relations, pled

. >> they looked through the local phone directory to see if there was someone named dodd in the areaked about the ring because the middle initial was wrong. >> we remember him saying, how the hell did it have the wrong initials anyone? he didn't dwell on the loss. >> it helped celebrate the family treasure home. >> we have no idea how it ended up in the dirt on the farm, but it's back now. >> the autobahn alumni association collected donations to help send his children to school. if you would like to contribute, contact the alumni association at the high school. jeff chirico, "action news." >> still to come on "action news" tonight, the doomsday clock moves closer to midnight. >> a sixer star is snubbed joelleejoelembiid bounced from . >> and scientists have success making a human animal hybrid. the explanation of why they are trying to do that when "action news" continues tonight. ♪ ♪ ♪ >> the men accused of killing five people inside the fort lauderdale airport is facing the death penalty. the grand jury returned the indictment against santiago. he aimed at his victim's heads and b

chris dodd, barney frank. about that. >> still to come, want to latch -- what to wwwww sometimes you just know when you hit a home run. that's how i feel about blue-emu pain relief spray. odorless and fast-acting. it soothes all my muscle aches and pains. and it's convenient for those hard to reach places. and if you're like me, you'll love blue-emu super strength cream. it's made with real emu oil, it's non greasy, it's a deep penetrating formula that works itself down into your joints. take it from me. it works fast and you won't stink. blue-emu, it works for me it'll work for you. >> what's the big thing to watch in 2017? >> the president to watch the common sense of the american people and how they go about their lives and livelihoods. >> i want to see how he backs down from his cyber hacking attribution and what president trump will do the first time vladimir putin crosses the united states as he surely will. gregg: thank you for being here. happy new year. "mediabuzz" with howard kurtz s carey. what's go

chris dodd, barney frank.frank. >> i remain skeptical abt that. >> still to come, want to >> still to come, want to latch -- what to wwwww when a cold calls... achoo! ...answer it. with zicam cold remedy. it shortens colds, so you get better, faster. colds are gonna call. answer them with zicam! zicam. get your better back. now in great tasting crystals. afoot and light-hearted i take to the open road. healthy, free, the world before me, the long brown path before me leading wherever i choose. the east and the west are mine. the north and the south are mine. all seems beautiful to me. justice is spelled b-o-x.hero, say hello to a powerful tool that gives you options to fit your budget. ♪ oh, i'm tied to this chair! ♪ dun-dun-daaaa! i don't know that an insurance-themed comic book is what we're looking for. did i mention he can save people nearly $600? you haven't even heard my catchphrase. i'm all done with this guy. box him up. that's terrible. >> what's the big thing to watch in 2017? >> the president to wat

you would think dodd-frank would watch for the big tanks. why did he kill off small banks? >> is the same regulations across-the-board in banks of all sizes. john: your bank says we can afford to figure this out. >> absolutely one or two compliance officers can be the difference between profitability. john: a much more clear example is something called the export-import bank. >> the government take some of your dollars and most of the companies and government in other countries. it's called the export-import bank. it's a great way for washington to give out favors to companies. good old cronyism. john: a few companies is right. most of the money goes to just a few big companies boeing caterpillar in ge. some principled republicans move to kill this and almost did. >> they almost did. spin table. it's probably going to be rather rise. john: they can kill anything? >> here's the thing why should taxpayers be on the hook to help the state-owned airline in ethiopia by airplanes from boeing. who decides whether boeing gets a subsidy and who decides whether ge or caterpillar who

i would then generally on behalf of the board want to not only commend and thank director dodd for this outstanding report, but she continues to point back and put the finger behind her, it is sth staff, it is the staff and that is her coleaders are here today. deputy grigs and deputy leaven, but it is all of the staff that work very tirelessly through all the aspects och benefit amadministration and open enrollment and things that go on to make the system what it is on behalf of our members and to each of them individually and collectively i say thank you on behalf of the board for what you do, day in and out for our members. with that, is there any public comment on the annual report? sorry i'll ask for a motion to accept the annual report. >> move to accept. >> it is properly moved is there a second. there is a second. any comments or from the commissioners? any public comment? >> i just wanted to add to the commendation to staff director and department head cathlen dodd and staff for all the incredible work. this is i think the best annual report i have seen and i have seen many ove

you would think dodd-frank would watch for the big tanks. why did he kill off small banks? >> is the same regulations across-the-board in banks of all sizes. john: your bank says we can afford to figure this out. >> absolutely one or two compliance officers can be the difference between profitability. john: a much more clear example is something called the export-import bank. >> the government take some of your dollars and most of the companies and government in other countries. it's called the export-import bank. it's a great way for washington to give out favors to companies. good old cronyism. john: a few companies is right. most of the money goes to just a few big companies boeing caterpillar in ge. some principled republicans move to kill this and almost did. >> they almost did. spin table. it's probably going to be rather rise. john: they can kill anything? >> here's the thing why should taxpayers be on the hook to help the state-owned airline in ethiopia by airplanes from boeing. who decides whether boeing gets a subsidy and who decides whether ge or caterpillar who

>> they're not repelling dodd-frank. dodd-frank has really handcuffed the banks.at you've done with new administration, pro-friendly and banking administration, you will stop all the new regulation coming down. the problem with the banks, they really didn't know what the atmosphere or framework will be to operate in, because almost every regulatory body in washington, d.c. was coming up with more regulation. you can see new guys coming in on the trump administration right now. these guys will be deregulation or less regulation. i don't think you will get rid of stress tests. you won't get rid of a lot of stuff inside of dodd-frank. how it is administered or applied to the banks will be a lot friendlier going forward. that will help banks a lot. these banks have had big news since the trump administration but go ahead. liz: give me, you're the kind of guy who looks and sniffs and says i only like certain names. please share that news with our viewers. if some of them do want financials in their portfolios they say i don't want to dip into dangerous territory. wells

he is going to attack dodd/frank. >> i don't care if he attacks dodd/frank. >> are you sure? >> not with the stocks i own. i have citi and b of a. >> it doesn't matter? >> it is great. >> it will be a help but that's not part of my investment case. of course, i care. that's not why i own it. that's a bonus. >> quit arguing. i just tried to show you the promised land and you fight me. >> i own them. they are all discounts to book. if dodd/frank happens, great, it will increase my portfolio that much more. >> aren't the financials going up more because of the prospects of reflating the economy, inflation going up, interest rates? >> that's part of it. >> more a part than rolling back dodd/frank. >> there are three main things, exactly what you just said. and what steve said about book values. i was saying that yesterday. absolutely. if you roll back any part of dodd/frank, that's going to make it easier for banks to lend. that's where they make their money. >> i think that's the up side. since the election, the entire move has been driven by the yield curve. there is incrementa

chris dodd, barney frank.frank. >> i remain skeptical about that. >> still to come, want to >> still to come, want to latch -- what to wwwwwi use wh's already inside me to reach my goals. so i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. i take it once a week, and it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. trulicity is not insulin. it should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you or a family member has had medullary thyroid cancer, if you've had multiple endocrine neoplasia syndrome type 2, o

dodd frank is a disaster. we are going to be doing a big number on dodd frank. that is one big reason i'm taking this action and will be taking an action later this our effort toin dramatically reduce federal regulations. ly.will be reducing them big damagesbe reducing the on our economy. the american dream is back. we are going to create an environment for small business like we have not had in many decades. this is

dodd-frank is a disaster. we're going to be doing a big number on that.y: you can expect the democrats will try to filibuster to make sure that dodd-frank remains alive. next, reassessing the trump effect. this is bloomberg. ♪ yvonne: this is "daybreak: asia.." some have spoken out against president trump's executive order on immigration. martin, i know you have mentioned in your note that you have a theme here, a basket of assets or stocks, fortress america. is there anything that can steel investors from all the chaos that is going on politically? >> i think it's something to understand. if you are looking for themes around the change of the new administration, you would be looking for american companies with 90% to 95% of revenues that are domestically based. clearly there has been a huge outperformance by global companies, or companies that are globalized, obviously, such as the amazon's, apple's, via, -- visa, etc. maybe there is potentially a shift yet to come, a rotation into more domestic focused u.s. stocks, but i think it's a bit early just yet.

. >> reporter: they found six listings for dodds in the the phone book including rich dodds. >> he leftbrief message and thought holy cow are you kidding me. >> reporter: edward dodds is rich's fat shore died 20 years ago. today in a extended presentation and tamly presentation he was given his father's ring. the nine two-year old matilda canning is richard's aunt. did you ever necessity there was a ring, no, i didn't. >> reporter: she toss now her brother-in-law's ring is you this back with the family thanks to a small group of strangers determined to get it home. >> when people come together and they were able to make that connection, it is a miracle. >> reporter: brad sattan fox 29 news. >> i have to show you this, snow plow next time it snows, yeah teenagers are inventive, this is awesome. it the is the hoverboard. >>> welcome back at 4:56 on this there i our city looks pretty thighs, all lit up. >> ♪ >> also on our mind, we have some good news congratulation ness order for fox comedy actor zoe the new girl star is reportedly pregnant with her second child with her husband. they are

reporter: i'd like to ask you about dodd-frank. president trump said he's going to d a big number on dodd-frank. i want to know what the time frame for the big number, is this legislation that you're looking at teaming up with republican lawmakers on or do you think the big number can mostly be handled through execive? mr. spicer: i think today what you saw is the first step on the path of regulatory relief to our nation's small and large businesses as well. and i think he understands, especially as a businessman himself and someone who has been in involved in financing, the impact dodd-frank has had on lending in particular and the impact it has on small and large businesses. i think we're going to continue to work with congress on reform and -- we'll have more for you on that at some point in the future. you ter: i'm wondering, do h-1 comingee more on his ny time soon and spokesman has issued a statement. mr. spicer: h-1-b's and other visas, the president will continue to work on. seen a lot of action on n immigration. whether it

. >> a question about dodd frank. the president said he's going to do a big number on dodd-frank and i wanted to know the time frame for the big number. legislation that you're look agent with republican lawmakers on or do you think that the big number can be handled through an executive order. >> we're continuing to work with the team on that. today what's first step on the path of regular la relief to nation's small and large businesses and i think he understands especially as a businessman himself and being involved in financing the impact that dodd frank has had on ending and the impact on small and large businesses. so i think we'll continue to work with congress on reform -- >> the first 100 days -- >> more for you on that -- >> we're doing a two fer today. >> that's great. i wonder, you expect n1hs as part of this coming anytime soon and want you thank you be apair that president obama has now issued a statement on executive orders. >> thank you. i think with respect to h1vs and other other visas it's part of a

. >> there is no likelihood dodd/frank will be repealed.he stocks are moving on incorrect theories of interest rates, incorrect views about what's going to happen with dodd/frank ask thnd that makes vulnerable. >> let's trade the banks. insider selling out tool. dick warning. what do you think? >> banks are great on economic growth recovering. we'll look at loan growth, which will probably surprise on the upside for the next two years because people are looking at the lackluster environment we've had the last five. it'll pick up as economic growth impro improves. the expense lines will be flat or go down. everything else, you're getting a free option on regulatory changes, et cetera. >> from a stock perspective, i'm focused on the stocks that sell below book value. it excludes some like jpmorgan. but includes citi group and bank of america. those are the only two that i see below book value now. they could have another 25% price rise to get to 2.5 times multiple. the rest of the sector looks fairly valued to me. >> i don't know. the commerc

who are emboldened by dodd-fraverng.re's a great piece of legislation, i hope that through the president-elect he's encouraged to take it as far as he can. it doesn't repeal dodd-frank completely but targets what you are talking about, those small banks, how much capital they have to have on hand, and how they have to comply with that behemoth bill we don't understand, hasn't been fully implemented, it's so massive and confusing and it is killing things. >> one can make the argument this conversation alone and the fact are you looking at regulations like that has been boosting the stock market. >> exactly. >> what that being said there is a lot of focus that could be on immigration, energy regulation, what do you expect the first few weeks of trump's presidency? >> energy regulation, i think a lot of those will go quick. he's been open with that. rick perry nomination, as a libertarian it's a great idea to dominate to people to head things they think should be e. eliminated. xwralt way to keep the government under contro

>> let's talk about dodd-frank. chris dodd was a democrat. bernie frank was a democrat.resident was a democrat. how many republicans did they ask? none. how many democrats are they going to ask when i they rip it up? none. so the volcker rule says the the bank can't trade unless you have a client on the other side pup let the banks go back to doing what they go back, they will just make more money. and last thing, the controller of the currency under obama would say you can't lend to energy companies because i rate them high risk. they made all energy companies in america high risk so the big money center banks koopts lend to energy. you let though banks go back to lending, they will have deep rich earning. dodd-frank is going away. >> but with the changes, withal mo the banks will go back to what they had done before the regulations took place. the banks will go back to what they had done before the regulations took place. to assume that they can close the gap in valuation is a tall order. so is your expectation that the banks will actually embrace some of the riskier b

and it means dismantling dodd-frank's laws, mandates well apitalized, well-regulated banks can meet the need of small business, the engine of american job creation and prosperity. i was in a meeting just the other day, president trump was a guy that owns a pizza parlors in nevada, very successful pizza parlors. he stopped the president on campaign trail and told him he was trying to get a loan to open but largely because of heavy mandates following dodd-frank, the local bank said, we don't make loans like that anymore. promise you, we will work with each of you to make it be ible for resources to available so small business can thrive in america once again. [applause] also resident pence: america's lding infrastructure through better roads, sturdier bridges, airports and investments in the future. yet, haven't noticed america elected a builder to be the 45th president of the united we look forward to working with each one of you to find ways to meet the needs and ture challenges of this still new century. point is by going, the president's agenda we'll kick the economy spo overdrive, un

he inherited. >> dodd/frank is a disaster. we're going to be doing a big number on dodd/frank. >> all right. that doesn't necessarily mean you should go buy a bank stock especially on a day when trump's business agenda was being challenged by other issues. it does show you how important smashing dodd/frank remains to this president and that's great news for everyone who owns shares it banks. president trump makes business news pretty much every minute of the day. yeah, president obama, when he first got into office, he did too. i'm not talking about the stuff related to the bailout or the financial crisis. when obama called bankers fat cats, the stock got rattled. make no mistake about it, what we're seeing now is very different from obama, who talked about a gazillion things that never had anything to do with the stock market at all. the casino fat cat stuff, frankly it was never repeated. here i'm referencing one little snippet, and it mattered to your portfolio. this president attacks and surges and negotiates in the open i

dodd-frank is not the bible. ok?matter of fact, even chuck schumer said to me, when we look at it, recalibrated, synchronize it reduce the , negative parts, while still accomplishing the ultimate goal, so it's perfectly reasonable to look at these things and think about what you can do better. as opposed to the knee-jerk reaction. everything put in place was good. megan: do you think the days where the industry essentially has a scarlet letter on its back from the crisis are over or at least fading? jamie: the industry got a bad scarlet letter. the second tarp happened, and that was a scarlet letter. not every bank needeit, but the rhetoric was theanks were all bailed out. they were not l bailed o. that part was not true. no one ever asked that question, but that became a scarlet letter, and i don't think that will go away anytime soon. i think you have to earn your stripes every single day with every single client in every single city around the world, and that is my job. i am very proud of j.p. morgan chase. i am a

>> dodd-frank, too, said they are going to stop choosing to bill. all we know is ever since it passed those banks are even bigger. lies, more lies. >> i would also add that congressman waters had her own ethics problems when it comes to banking issues and sitting on the board of a bank that got quite a lot of money, 12 million, i believe. >> i'm not sure -- wasn't her husband involved in some issues as well? >> he had shares in the bank. but i would also add that in point of fact, republicans did work with democrats on that first stimulus bill when president obama was elected. donald trump, of course, is proposing a 1 trillion dollar infrastructure bill. it would be behoove congressman waters if she got a little piece of that pie and brought some of that bacon home to california. >> look, i think it's outrageous to say that republicans, you know, bent over backwards to work with obama. look, obamacare in particular was based on what we can call romney care, as you guys know, pretty much every provision of obamacare was based on a republican idea. >>

they found six listings. >> he left me a brief message and i thought holly cow >> edward dodds, he wasiven his farther's rink 92 matilda is his aunt >> did you ever know there was a ring >> no, i didn't. >> she does now. her brother in law's ring is back with the family thanks to a small group of strangers determining to get it home. >> some people got together and they were just able to make that connection is, the a miracle. >> reporter: it is a miracle. especially considering the ring was initially made with the wrong middle initial. that was the strike against them. other thing is the first time it was mailed back to the united states in new jersey, it somehow ended up in colorado because of the wrong zip code. the postal got it right because the world war ii veteran had a long history. he worked for many years for the post office. >> isn't that a coincidence. thank you very much. >>> montgomery county workers back out at a huge sinkhole in cheltenham. workers aqua installed a temporary service line. it opened up yesterday along brook road. nearly swallowed a pickup hole whole if y

good game for demonte dodd. plus one, 15 points for dodd. terps are in control. michigan trying to keep it close. melo to jerod in the corner. as for melo, relatively quiet game for him. but he does it a couple of big threes late. and maryland wins on the road in big 10 play. 77-70. >>> bob huggens and west virginia hosting tcu. second half mount near ins transition. javaughn carter. three names, three points. mount nears, 82-70. >>> number three maryland women hosting north western. they play despit terps off to a hot start. rianna jones is there for the putback. 15 for jones. maryland is just cruising along. walker-kimbra with three of her 1518. okay, one more game in college football. that's right. there is still one more game decided on monday night in tampa. it is alabama, the defending champion facing off against clemson. they are a five over the tigers who would love nothing more than to pull off the upset. watson leads the tigers. >> whatever i can do to get the win and get the w, that's all i'm focused on. you know, i can talk the numbers, you know, i di

financials fared and what could a repeal or partial repeal of dodd-frank mean for their balance sheets? matt: i'm taking a look at futures. right after yesterday, when we saw losses across the board, we are seeing indications of a positive open. the ftse in the dax indicated to open up 0.3%. the cac about 0.5%. looks like we could have a reversal of yesterday's trade. i think there are probably more exciting assets to watch than equities. guy: i think there's a few things to pay attention to. one is the dollar. a week week for the dollar. this morning, the swiss franc is trading higher. kiwi is trading higher. euro is trading higher. we are in the mid-sixes now. that dollars story continues to be front and center. out of't get the news the trump press conference that some had hoped for to keep that reflationary trade on the road. then we get janet yellen. what is going on with the u.s. economy? no clear obstacles at this point in time. so the dollar absolutely front and center, impacting commodity markets. equities negative yesterday. a positive start could the on the cards today. here

and realized it was dodds. they joked because the middle initial was wrong. >> i vaguely remember him saying it had the wrong initials any way. it wasn't something he didn't dwell on the loss. the ceremony honored don's service and those that helped to bring the family treasure home. >>> all eyes are watching as the williams sisters serena and venus square off for the women's championship in australia. >> and a local business that is still family run and offering up delicious and homemade hand crafted products. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could s