or four hundred dollars over the course of the year on my spend you know seven hundred dollars on the year perhaps. spend a little money but this is set up to basically put. billions and billions into the pockets of the insurance companies and to make sure that virtually no one actually who is covered by this so-called policy is covered by this policy in other words there is no coverage of this policy it's a transfer mechanism from the taxpayer to the corporation therefore it's a tax it's an unconstitutional tax i'm not going representation for the tax isn't the boston tea party didn't happen right over here just like a mile that way. the grounds for revolution have been look this is taxation without health care representation no health care for the twenty two thousand next year will be twenty five twenty six thousand a year that we're paying so i want to put this into context because i feel like you know. obamacare did expand medicaid which is great because basically they pay nothing they get nothing and they get one hundred percent coverage in return that's what you expect when you'

dollar the u.s. dollar is being held up. narrowly with the pentagon's various actions around the world and a lot of market machinations from the central banks but want to see the cat's out of the bag you know look for the dollar to have a very significant crash. among among the countries you said might actually join china in this were saudi arabia he said that just a couple of minutes ago i mean that might surprise a lot of people that they would be willing to go ahead with this oh yeah. so how absolutely so how do you rate being be able to dig to do this and simply switch out of the u.s. dollar do you think it's that simple for them. well it's not going to be simple but there is definitely a motivation for the saudis to. you know they're very they want to float around for example because they need the money because they're deeply in debt big and they're running out of cash and they want to do an i.p.o. aramco on the either the london or the american exchange but they were prevented from doing so from the legal actions of th

the summer has been jury for the dollar. dreary for the dollar.d have a nice autumn for the dollar. the dollar can move up. if you think about we have this a lot of the weakness was concerned over any type of fiscal followthrough and was on tradeck of the cpi we had we saw that improve in september. we think that was temporary. that would give a bit more support to the dollar. you do not necessarily have a strong dollar run. manus: tom keene caught up with stanley fischer. not quite sure with the complexion of the federal reserve will be. stanley was convinced inflation is coming and the great debate is due the old models still work a genuflection to stanley fischer, he is a gentleman of an era which banked on those older models. guest: that remains a big question. if you look at the moment, clearly we think inflation picks up because they were transitory effect. there is a fundamental weston about how much deflation do we have given in the industry is now that are driven by disruption technology. we continue to think that is a big theme. even if

the senate has narrowly backed the four trillion dollar budget plan it sets the stage for the first major tax reform package in three decades the republican party vows to push through a bill before the end of the year and that message reverberated through wall street today the dow jones industrial average gained point seven one percent closing at twenty three thousand three hundred twenty eight the s. and p. five hundred index rose point five one percent to close it two thousand five hundred seventy five and forty nine cents. and strong reaction to a key piece of anticipated reform put forward by the white house a fifteen percent cut in corporate tax this takes it from thirty five percent all the way down to twenty percent. and it paves the way for the first overhaul in three decades as i mentioned come questions now whether the ruling party on the hell can get it done the devil is in the details here to answer that is conservative t.v. and radio host steve malzberg we've got to go to you and ask can the republicans actually pull this off. i love the numbers from wall street the trump bum

bailout for puerto rico later this year the white house is expected to require tens of billions of dollars more in the long term funds that will help puerto rico reconstitute its shattered electrical grid and help people build after the huge hurricanes battered b. islands now trump surveyed hurricane damage in puerto rico earlier this week praising his administration's response even as lawmakers returning from the island say the president is painting far too rosy a picture. and yahoo has an update on a disaster all its own and now possibly yours last december it made it more than one billion customer accounts were hacked in two thousand and thirteen that number has now jumped to three billion every one of its accounts following yahoo's acquisition by verizon in june yahoo has now obtained new intelligence while investigating the breach with the help from outside. experts it says the stolen customer information did not include passwords in clear tax payment card data or bank account information. russia and saudi arabia are looking to strengthen ties in what is the first visit to moscow by a

is this dollar -- does this dollar rally have legs?ejra: i think it definitely does at the moment. the market has shifted quite rapidly. the dollar component has been shifting from the fed chair side and the possibility of tax reform, which seems to become palpable by the day. suddenly, we have this euro component as well, which feeds into the dollar index. in europe, there was nothing new from the ecb. triedt his options open, to give the taper as dovish lee as possible, but the markets have gone, this is exciting. at a time when you have this narrative shift, it is not the time to worry about long-term fundamentals that have been driving -- drawing your dol lar higher. years, we haveo a proper correction in euro-dollar on our hands. bundswhere do you see the going? we are stuck in a range were even if we move down to four or up to 46, we still don't seem to be able to get out of it. what is going on with the incredibly low german bund? i'm going to disappoint you, matt. i'm not sure if we break out of that range soon either way. yiel

dollar a lift. our next guest next the ringback is not out of the woods just the greenback is not out of the woods. in.s bring him he joins us from singapore. i am curious. you think even though we have seen the dollar surge in recent days, that might not continue. where does ago? guest: basically, you have a very nice rebound on the dollar over the past week or so, but the underlying macro data out of u.s. is still a little bit uneven. last night, numbers were very good comments before that, the pc numbers across the weekend are not exactly inspiring. this friday, the very important payroll numbers, there is a huge dispersion in terms of the consensus forecast. anywhere from a very negative number. our number is plus 90,000 for the new september payroll but overall, you can look at the positioning indicators. i would say we have a good rebound but in the short term, the dollar is not at 14 yet against the majors. >> i want to talk about what that u.s. dollar has been doing to indonesian stocks. let

so if your family is going to get a 30 billion-dollar benefit, putting a few hundred million dollars into seeing that legislation passes not a difficult idea. mr. president, this fidget legit makes it clear to the republicans in congress are listening to and it is not the middle class and working families who do not want to see medicare medicaid cuts and certainly don't want to see a $1.9 trillion tax break for the top 1%. afraid my republican colleagues are listening to their top campaign contributors who told the republican party in no uncertain terms that if they don't get their tax cuts. it provided republicans with hundreds of millions of dollars in campaign contribution. how sad is that. think about the brave americans who have fought for democracy over the years, some never return from the battlefields to fight for an american democracy that makes us a country where people rule. word government of the people, for the people by the people not of the billionaires, and for the billionaires. the speaker about something else. the entire economic theory that senate republicans and p

the dollar went up a lot from 2011 to this year. the dollar isn't going up anymore.ext big move in the dollar is down aspect takes the fed is going to execute their plan diminish. that's all supportive of none performance of u.s. markets. maria: did you see what happened to bitcoin this week? jeffrey gundlach: over 5,000. it's speculation. bitcoin had a tremendous move and there is a lot of believers in it. i got an email from my 86-year-old mother when bitcoin was 4,500. her cousin's daughter said put all your money in bitcoin. and my mother said what do you think of that? i said these times of advertisements tend to come up after the big move has happened. bitcoin a month ago was at 3,500. it changed by 50% in a month. that's not a currency. i have seen it drop 10% in an hour. how do you buy a car with something that's changing value 10% while you are filling out the paperwork? maria: i'm feeling like your 86-year-old mom. where the shoe shine guy was back in the day. this is a teachable moment. jeffrey gundlach: i turned to bearish apple when it was $600 and chang

dollar general, there are more dollar general stores in america than starbucks. carol: crazy.lot of people do not realize that. it is a reality check for where we are in terms of the bifurcation of what we see and how these towns are coping and how residents are coping. it is a really important story to read. carol: i agree with you, megan. it is interesting to get your head around. dollar general, they are targeting was the u.s. government calls these food deserts. for the people living in these communities, they do not have other choices and they are paying more and the choices that they get at the dollar general are not the healthiest. megan: there is a really poignant part of the story were we talked about the customer at dollar general who is making a choice about whether to spend a dollar for a frozen entry versus $1.50. those of the decisions that occupy so many working-class families in terms of how to spend the food dollars and we should not forget how close the line is. that is what dollar general trades on for sure and it is what made their business so successful. t

i'm not going to pay $1.50 for the dollar general when i can get it for a dollar at walmart. of the decisions that we are talking about, the decisions that occupy so many working-class families in terms of where to spend those precious food dollars, and we should never forget how close the line is between $.50. tencent seer. $.10 here. that is what dollar general trades on for sure and it is what made their business so successful. they are filling a hugely important gap in the food chain for american families that are still struggling to get back in line in a disruptive situation where they do not have high-paying jobs and access is limited. in decatur, a lot of the population is latino immigrants who are working grueling poultry factory jobs. this is the reality for so many americans. it isn't written about enough. dollar general is filling a void politicals also a void, an economic void. it is a success story, but also a cautionary tale about what is happening to so many communities. julia: up next, cbs makes a big streaming bet on "star trek." and a soccer coaches may soon

over one hundred billion dollars two hundred fifty billion dollars up front instead of saying here's a section obeid here's a section of but he gave it all to them including a delivery on a truck filled with cash they have that money and he's propped up their economy so donald trump sees that says what the heck did we do this isn't in our interest and we don't trust you can't separated mine mine or the terrorist supporters the supporters of hezbollah what they've done in syria what they've done in yemen what they're doing doing all over the world and say we're not going to think about that yeah i'm just going to focus on rain here and i can see that separation ok real quick before we go passing this off to congress seems like political hot potato seems like he's coming in software he said he was going to come in strong what's your opinion congress is speaking out saying we'll read them minutes people don't have confidence in congress right now what do you think about that you know no confidence in congress whatsoever there are people on the republican side as you know who will thwart

or to take the first few hundred dollars. aside openly matches of generous donors with indebted students and so the controversy breaks out. you are a prostitute and you are a mit educated. on campus the pressure to succeed is so high that american students overindulge binge drinking to let their hair down. but also taking amphetamine derivatives to boost their academic results there's a real trafficking of substances going on. the fraternities are a symbol of prestige in american universities they attract students who want to be part of the elite. to join these influential and secret societies some are willing to be put through all sorts of humiliation we would get points for vomiting on each other. diving into the heart of american campuses where the obsession to success justifies all manner of extremes. lexington is the second largest city in the state of kentucky. over the last three years tom giambi has become one of the local tennis teams mainstays and thanks to this he lives in this residence with a swimming pool free o

significantrs of dollar strengthen euro-dollar takes that currency back.uesday. let's see some movement. here is abigail doolittle. abigail: good morning. we have shares of homebuilder trading higher as it beat third-quarter earnings estimates by about 6%. new orders were up 8%. that blogs were up -- backlogs were up 10%. they are on pace for their best year since 2012. during less welcome tesla, well as- fairing less shares go down when production figures for the model three do not meet forecasts. the forecasts have been for 1500 model three, so producing just 1/5 of the forecast. the stock is up 60% this year. whether or not this turns into anything bigger, probably not. we have elon musk fans very popular into the vision come into his vision, the art the company will succeed. perhaps just a speed bump. after that tragic shooting in las vegas yesterday, we had to casino and resort stocks trading lower. today basically flat. gun stocks continuing to gain since yesterday. resort'sthat wynn yesterday started beefing up security. visitors were forced to be c

dollar would of course take a direct hit if others follow suit and the dollar was abandoned as the world's world's reserve currency saudi arabia may have agreed to sell its exports in dollars as far back as the late seventy's but as china imports more and more oil it's become irritated at purchasing it in dollars from oil powerhouses like the saudis carl weinberg chief economist and managing director at high frequency economics says moving oil trade out of dollars into yuan will take right now between six hundred billion to eight hundred billion dollars of worth out of transactions from the dollar that means a stronger demand for things in china whether it's securities or whether it's good goods and services it is a growth plus for china and that's what they want to happen in september heading out u.s. economic and political sanctions against the government of president nicolas maduro venezuela publish the price of its oil and fuel in chinese currency. and california wildfires are raging and one of the worst fire disasters in the state's history and it's far from over and more than one hun

dollar is on the march according to goldman sachs. the dollar is big. it is not necessarily in the positioning. manufacturing is the strongest since 2004. the hedge funds are not joining the bid. the hedge funds positions are dropping. they the most bearish -- are the most bearish since 2014. dollar itself is acceptable. .he yen is on the march too goldman sachs wants to buy the dollar against the euro. that is reflected in the risk rate. offered,e dollar is the euro dollar is offered in a sea of red. why? higher aussie dollar will weigh on the outlook. will the market believe you? 1.25%.llar down by the target is 115 by year end. down 0.3%. get update on bloomberg first word news. with juliette saly. fromtte: the death toll the las vegas shooting has raised to 59 while 500 others were injured for stop police found 23 firearms in the shooters hotel room. president trump will visit the city tomorrow. the white house has ruled out talks with north korea. -- now is the night not the time to talk. rex tillerson said the u.s. was talking directly to north ko

monuments of you and your royal penis everywhere you know nowadays you can use all the people's tax dollars to drop bombs on who even cares a stand doesn't matter as long as the football players run fast in the soup line isn't too long who's circus is are meaningless contrivances used as an opiate for the masses of course now the ruling elite also use opioids as an opiate for the masses metaphors are hard work so just go straight to the opioids else whack everybody out on oxy cotton one fan slurred speech and shivers they won't be complaining much about voter suppression or low wages as they're cleaning the poop from their pants. but here's the point the bread and circuses are incredibly important in keeping those dumb and to sleep so when even the bread and circus is start getting angry start standing up it could be catastrophic for the fraudulent waffles exploiting this nation all right when the tightrope walkers and the dancing elephants start to go and we're not ok with this completely corrupt system where when the when the side clouds raise a multicolored fist against imperialism and a

the dollar and the treasury markets -- the dollar has two free swing today. to do with the hurricanes. we can deal with hurricanes but we can really move on. the dollar incrementally keeps going. >> the market is pricing at last month, the bond markets say something to the fact that the underlying economy is better than people thought. the hurricane affect will provide a excuse depending which side of the aisle your cast. from our perspective what is we areting here is pma's -- the isn --the the pmi's are not following that trend. there is a large gap between the two. it is unreasonable. they say we are an expansionary territory and they should be raising rates faster. >> you have a 60 print on manufacturing. >> always this -- always with these things, we don't trade a single data point. you're looking at the underlying characteristics. has statedonomy stronger than anticipated. is how see through here quickly you remove this punchbowl and whether they are pricing under the rate rise this year. more important is what happens with the removal and how much of t

dollar board for you, essentially flat yesterday we have got a little bit of dollar weak tons taness to talkt today. the pound down 0.4%. more pressure on theresa may following a roller coaster speech yesterday >> yes >> whether you sort of give her sympathy for struggling through it or criticize her for failing to nail it, the main issue for her is her florence speech a week or so ago, her conference speech yesterday on domestic issues was supposed to be her relaunch, she didn't nail either the pound is off 0.4%. gold prices gained slightly yesterday. and doing the same again today, which yesterday ended a three-day losing streak, 1,281 the price of gold. >>> moving on to wall street's agenda for today weekly jobless claims and international trade data are out at 8:30 a.m. eastern factory orders at 10 jerome powell, john williams, esther george and patrick harker are all speaking today a programming note, steve liesman has an exclusive interview with patrick harker at 8:30 constellation brands reports before the opening bell. after the close we hear from costco and yum china, so a r

we said you need to belong dollar-yen, long dollar-swiss.n, this is happening in an environment where we offer globally a tremendous amount of debt. what does this tell you? this tells you that you have a sensitivity of economies to rising funding. that means that some point this will be self-correcting. if this is going to be like 2.60, one thing is very clear. at one point, you will see the economy reacting negatively. the question is, where do you need to look? if it in the united states where you see the initial negative reaction? no, it will be the canary in the coal mine countries. where asset quality is weak and debt is weak. look at the recent numbers coming out of canada. they were weak. in australia they were weak francine: let's also look to the middle east. hans redeker stays with us. alloway joins us. reporter: good morning. we are here at the future investment initiative. it has been described as davos in the desert. and the coming out party for saudi arabia and the economic ambitions. am here with mohammed. we are talking abou

get twenty million dollars or thirty million dollars and they're treating the act of raising the money as the end not just the means to an end so i'm a bit critical of when these things occur and i would like for purchasers of i suppose to be a bit more careful and exercise better to do what you would there's a way to determine whether or not the token on offer is it would fall under the s.c.c.s. guidelines meaning it's a security or not and you spoke about this earlier but as of right suspect explanation can you review that again yes so basically the litmus test is if you can remove the entity raising the money and the ecosystem is still going to run for example if the assyrian foundation was going to go away and fatah like was to disappear if a syrian was to still operate then you probably don't have a security necessarily but if you remove the scented tea in the eco system falls apart then you have a quite a bit of centralization around it and maybe a security but these things are based on facts and circumstances and also the underlying utility and usefulness of the token and why pe

dollars a barrel though it cannot be said that all countries involved are sticking to their promises after an extension to that agreement we may see yet another. to dig deeper into the oil issue between saudi arabia and russia and how it affects the wider world as well as the future of the opec cut extension i'd like to bring in chris martenson the c.e.o. and co-founder of peak prosperity dot com chris thanks so much for joining me on this saudi arabia russia looking to sign a three billion dollar deal enjoying investments which include one point one billion dollars and an agreement for cyber and a russian petrochemical plant to build that plant in saudi arabia is this just the first of many new energy and petro deals between these two countries that is a a very big deal especially considering what the past relationship was between saudi arabia and russia this is a very very big deal the three billion dollars itself a kind of a notional amount given the size of these two countries and what they're up to but look at the realignment that had to happen saudi arabia and russia kind of on

dollar. now when i think about the crowding out, crowding in distinction, i'm reminded of that question that must have been in this room or its earlier counterpart in the early 1990s, when somebody said what would -- how would the u.s. treasury finance its fiscal deficit if the doj weren't willing to buy u.s. dollar securities. so let's go through that. if the bank of japan did not buy u.s. dollars, the price of the u.s. dollar would be lower. the price at the end would bhaier. -- bhabhae higher. if the price at the end were higher, there would be a smaller deficit. if our trade deficit had been smaller, our fiscal revenues would have been higher. so our savings investment balance in the united states is not independent of the foreign demand for u.s. dollar securities. now when i look at what i would call the cumulative u.s. trade deficit, since 1980, it's about 14,000 billion. it i then have tried to identify which countries have the counterpart trade surpluses. and i have sort of three broa

oh bob a silly half billion dollars big of is up late but what. maintenance man obama got on well i learned how to really build the american people to take a course at trump university. sure sure sure and went out of business for defrauding its tunes but doesn't that kind of count as a lesson in business because. it was always like mr miyagi telling daniel son you know wax the pants right he was on oh actually he was learning he knows learning while the students were being defrauded they should have been learning how trump was. i'm over. what it was but that was the beginning the trouble g.o.p. plan would also drastically cut corporate taxes. these are just talk images from. corporate taxes and the taxes of wealthy business owners such as wait for it donald trump on top of the ad he wants to get rid of because they say. the is state tax which means upon his death his family of children of the corn we are those who. would keep a billion dollars all told this is the largest one time proposed robbery of america ever from a sitting president don't get

mike du made over twenty million dollars less. here more than one thousand times the average wal-mart a says c.n.n. with all due respect i have to say i don't think that's right. it is not just you know a free market works. people went from pretty simple financial lives pre nine hundred eighty to the point now where people are. just totally submerged in their financial accounts and they're all in debt and what exactly divided society from the part of the government tried to do both nicely maybe. it might be making things worse. by saying this is not how capitalism works this is our carpet lism goes hopelessly disastrously wrong. thing on top of it. you've got it we've got you know if you let me out you know this evening you think you know. a little. bit of a. top story is independence pressure up launch a petition as they fear the region's officials once declare independence from spain off the last sunday's referendum to percent of those who turned out yes. it's exactly sixteen is since the u.s. entered afghanistan we look at what

cut to medicare.io so it's not only a trillion dollar cut to medicaid, it is a 473 million-dollar cut to medicare. now interestingly enough, i think many americans will recall that during his campaign for president, donald trump told the american people he wouldn't cut social security, medicare and medicaid. he said that over and over again. on april 18, 2015, and this is one quote out of many, said and i quote, every republican wants to do a big number on the social security. they want to do it on medicare, they want to do it on medicaid, and we can't do that. it's not fair to the people that have been paying in the years and now all of a sudden they want to o be cut. i would say that's what you told the american people during your campaign. now i hope you will tell your republican friends right heree n the senate that they should respect the campaign promises you ran on as if they pass a budget that cuts medicare or medicaid but he would veto that legislation. i hope the president has the integrity to do that. i don't think he will, but i would hope he does a. poll after poll tells

petro dollar with its own currency. in the latest shocking revelation from whistleblower edward snowden saudi arabia allegedly ordered rebels to quote like damascus in an attack during the syrian civil war supporting them with quite literally tons of weapons. the independence. division not only in spain but in neighboring fronts as well. every year tuning in from around the world are welcome to moscow and to r.t. international i mean o'neill good to up your company our top story this hour there are some changes at the top and the world's second largest the color me with china unveiling its leadership team for the next five years president xi announced the new line up to the politburo standing committee the party country's ruling body it is generally perceived that one of the members of the committee traditionally will take over the reins the next chinese leader but none of the new strong when appear as an obvious successor to she all of them are in their sixty's which means in five years they will be considered too old

>> why do you see a weaker dollar >> the u.s.the growth in the monetary policy cycle. the thing in 2017 has been that some of the other countries and central banks have come off the sideline, notably canada and then europe and also the bank of england. so there's movement happening here in the u.s., but just as much and maybe even more movement happening overseas. that's why we think the dollar can go down in the context of a gradually and steadily tightening fed policy. what about the yen >> probably going to lag behind. the bank of japan is not making much waves in terms of its policy the only topic discussed is pegging its yield at zero. all the moves shorter along the curve to the five-year maybe steady to slightly stronger against the dollar, but that's an underwhelming performance given how the dollar will be down against most currencies >> nick, thank you for joining us that's it. ten seconds left pepsi coming up? >> pepsi at the top of the hour. adp report on jobs we'll see if there's a hurricane imctn atpa oth one >> tha

dollar as potentially vulnerable in a scenario where printing printing printing printing but the dollar is not collapsing there is no hyper inflationary currency collapse in the last you were to look at the dollar versus bitcoin. everything very. well oh you'll have to hear what i do over there it would normally be the case if every other central bank on the planet was it more insane than our fed is currently oh we're going to continue this in part two we've got to say goodbye for now ok joe all right that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert want to thank our guest michael poto of pet o.-port dot com if you want to catch us on twitter it's kaiser report until i stop by all. about your sudden passing i phone lee just learned you were a south in taken your last to bang turn. your act caught up to us we all knew it would i tell you i'm sorry. so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each pair. but then my feeling started to change you tal

why can't your car you know current surance is like a thousand dollars fifteen hundred dollars a year and that covers medical expenses up to like a million dollars if you hit somebody a car accident so i don't understand why health insurance can't be this sort of model especially if you're paying the same exact amount. of course in germany you get free health care. that's true because probably because there you get there cars are so expensive so you know i was saying the other day for the twenty five thousand dollars a year we pay in the insurance that we don't get any coverage for we can easily buy twenty five thousand dollars with a prepaid. place so why it's a commercial we could just take net jets a private jet wherever we go for approximately that amount of money per year no we have to give so taking the dose of the private jets the executives at the insurance companies i'm just telling is a writing a check different than a feudal lord at the end of the month as an indentured servant you're writing top tithing all of your income to the aristocrat to the monarch and that's the rel

dollars dominance in oil markets also the rich and poor in america saw their fortunes converge for a large amount of the twentieth century but now they're diverging my guest explains how this chap that stand by bus parked right now. to hold the birth of gold coin jack loud the c.e.o. of lightning a sick is behind the move and he created a code that creates a fork or split in the big block shape and tuesday his group pulled the trigger on that code the idea is to basically decentralized bitcoin and use moving it away. from a small group armed with powerful computers this allows more users with less powerful computers to opt into the encrypted digital ledger connecting big users on wednesday because i had a low of five thousand three hundred seventy four dollars sixty cents and recovered nearly three hundred dollars after that big coin gold prize plunged sixty two percent in the first twenty four hours of its existence trading at just over one hundred sixty one dollars per coin by the end of the day bit coin was forked back in july producing big cash. and china is making power moves ag

in 2015, a strong dollar weighing on commodity prices, but right now this weak dollar provides a floorrgy, and market as well. >> the best sector is technology. it as a high data sector. you are talking about other stocks as high data and you say it is only getting going. >> it is not just tech anymore. theake that case, look at s&p high beta index, an aggregate of the most cyclical stocks in the market. proxy for the reflationary trade. in the fourth quarter last year, it had a terrific run, but this index has been sideways for the last nine months. it has corrected through time, the moving averages have caught up to price, and now breaking out to the upside. we think this is a meaningful breakout. tough to make the case for a market top when you have this cyclical index breaking out to new highs. >> thank you for taking the time. scarlet: "what'd you miss?" online real estate listings got three dimensional. here to fill us in his emily chang with a special guest. who'm with spencer rascoff just got off stage. talk to us about these 3-d listings and what they bring to zillow. a home s

has more on that for the payday loan industry rakes in billions of dollars in the u.s. each year but if the consumer financial protection bureau can get newly proposed rules passed the industry will see a big drop in profits on thursday the bureau said in the statement that all lenders must now determine if borrowers are able to repay their loans and the number of loans they can offer to borrowers will be limited c.f.p. director richard cordray said the c f p b s new rules puts a stop to the payday debt trap. that have plagued communities across the country too often borrowers who need quick cash and up trapped in loans they can't afford the rules commonsense ability to pay protections prevent lenders from succeeding by setting up forwards to fail however the rules aren't set just yet in order to take effect in two thousand and nineteen the have to get the approval of congress and that could pose a problem when it comes to certain members many republican leaders on capitol hill have accused the bureau of being too burdensome and even suggest ousting cordray and on top o

i remain fundamentally bearish on the dollar largely because on various metrics i see the dollar beingd, but nowhere near it was at the beginning of the year. a u.s. see administration that remains in disarray and i still think there is a lot of repricing and flows that need to come back to the eurozone. having said all that, i go back to the previous point. we had a big run in the dollar downside in the might be an element of bearing that back in the next few months or so. fundamentally, i remain bearish on the dollar. guy: thank you very much indeed. he is coming back in a few minutes time. a couple things i want to show you. this is the ibex, the three-day chart. you can see it buying into the weekend. then we have this get down this morning. we have traced 50% of that gap. we were down well over 1% and now we are bouncing back. we have retraced a little bit. let's zoom in and we will see more of that. that is where we are at the moment. spanish banks seem to be under pressure this morning and that is where the market is pricing this story and. let's get more details on what is happ