in dudley square, the bus station has received a facelift.he remodeled fairfield center has welcomed hundreds of government employees. nearby the square, these orchard park affordable housing units are scheled foan. nearby the square, these orchard parin adjacent grove hall,its a large chain constructs a new supermarket. the city offered them incentives to move into neighborhoods they had once ignored. the hope is to bring greater convenience and competitive prices, while anchoring this small shopping center. an intangible result of empowerment zone funding is more cultural and psychological. neighborhood and ethnic pride is part of the strategy to promote self-sufficiency and growth. it's a spirit you can feel in places like the popular la cocina restaurant at merengue. this project is like a dream come true. narrator: hector piña is part of the sizable latino community here, and with federal loans and grants, la cocina will expand from 22 seats into this adjacent space for 90. most of the contractors are local, so what we did was, we tried

bill dudley very much in line with the janet yellen. given the labor market and improvement, he noticed the economy is solidly improving and it appears an interest rate hike is likely but there's a lot to happen between now and next month so we will keep our eye on that. meantime, some unusual things going on in financial markets. things are running counter to long-standing financial logic. place.unusual and out of should traders be worried? joining us is tracy holloway who identified about these strange occurrences. sounds kind of spooky. bond inventories. what's going on? >> corporate bond inventories is one of the strange things. goldman sachs analysts this week pointed out the inventories of corporate followings have dipped into negative territory for the first time. you cannot really have negative inventory. the banks now have a net short position in corporate bonds, which is something they never have before. this feeds into all of these bond market liquidity worries we've been talking about. is negative inventories are something t

with dudley walker, they combined to be a deadly team. morton was an officer who tended to break the rules. demand theout and periscope. the skipper was the one that manned the periscope. cocaine finely tuned -- cocaine tuned thefinely machine, without a doubt, the greatest summering skipper. annually, he took command of the summary and and set sail in 1944. she went on five more patrols, her first was in the 20 -- her first was in january of 1944. on her first, she sank five merchant ships. that is pretty good. , they operate as a team and it took a little while, even though they were well trained, it took some time to get them oiled up. the second ending on the 15th of may, 1944, she was not assigned her normal duty. her normal duty was to find ships and sink them. it was the opposite on the second patrol. it was a lifesaving mission. she was set up as a lifeguard, if you will, during the american naval strike on track island. what her job was was to locate american pilots who were down and forced them to ditch and rescue them. the summ

submarine skipper like dudley, walker, they were nicknamed mush, and people of this john -- his genre developed tactics to where the submarines were no longer trying to say -- people of this genre are developing tactics to where the summaries -- submarines were no longer trying to stay visible. they would attack on the surface at night, getting the midst of a japanese convoys, create as much havoc as they could, sink as many ships as they could and escape unscathed. morton and guys like sam dealey and later richard o'kane really took those tactics and honed into the financial and made the submarine in the u.s. one of the finest fighting forces that ever went to war. richard o'kane was the first and only officer of the tang in he had served as executive officer under dudley walker. they combined to be a deadly team. morton was an officer who tend to break the rules and did things his own way. he drove the boat while richard o'kane manned the periscope. the skipper was the one that manned the periscope and did everything and morton did not believe that was the best way to get things don

evans, dudley, lacquer, yellen, they all spoke.one broke new ground, but none quelled worries that interest rates may rise at the central bank's next policy meeting in december. more on that in a moment. meantime, the dow jones industrial average fell 254 points to 17,448. nasdaq declined 61. the s&p 500 off 29 and is now negative for the year. >>> dow component cisco issues a disappointing outlook despite reporting a rise in profit. the network equipment maker earned 59 cents a share, 3 cents better than estimates. revenues were also better than expected, coming in at more than $12 billion, an increase of 3.5% from last year. but projected revenue and earnings growth were below estimates, and that initially pressured the stock in after-hours trading. jon fortt has the key takeaway from cisco's results. >> reporter: one takeaway from cisco's earnings is that the guidance is what matters. wall street was looking for year-over-year growth for q2, that's the upcoming quarter, of about 5%. it came in 0 to 2. and a big part of the reaso

tom: what will you listen for from bill dudley today?dependency -- ident think he will upset it. he will continue to hike rates. vonnie: we will talk to bobby fischer. how monetaryabout policy in fact inflation. -- policy affects inflation. ajay: he is more aggressive in terms of hiking. remain, that tone will but -- tom: what is the linkage of markets versus the fed? are they ahead or behind? ajay: at this point, the next few hikes will not surprised the markets. the key points, two or three down the road. markets are setting the pace. tom: thank you so much. the new mediocre -- an important report. guy, this was a great hour, a great perspective. guy: yeah, absolutely. you want to be figuring out exactly what makes the market -- if thek the dollar dollar strengthened significantly it will change the inflation for a lot of people. tom: we have another hour coming up. julian emmanuelle of ubs will join us. this is a great blending of equity and derivatives into the overarching view. this is good preparation for bill dudley. look to bloom

(dudley taft jr. ): "we're really trying to learn from some of the mistakes that were made in washington and in colorado and the studies that were done suggest that it's a good place to start with 10 different farms." --butted to-- (woody taft) "under this new amendment you can grow four plants in your own home." if passed, the law would allow residents to possess eight ounces of marijuana for personal use, so long as they get a grow license. the law for non- growers would allow possession of up to an ounce. jenna: turning now to the presidential race ben carson continues to poll ahead of donald trump as he's been named the frontrunner in another national republican poll. a new national poll from n-b-c news and the wall street journal shows carson leading trump, 29 to 23 percent. there's a margin of error of plus or minus four- point-nine percentage points. tim: speaking of the republican campaigns they are continuing to talk about upcoming debate demands and even president obama getting in the conversation. abc's stephanie ramos more from washington. " ripping into his republican rivals

giving tuesday the dudley's women's club. >> it is very true. >> there you go. unfortunately we are about to doorstep. it has also been a cold end to the month of november. actually today was the coldest high temperature so far this month. and it is going to be a warmer start to the month of december. we hit a high of 38 degrees in boston, but still finished the month very warm. it looks like it may go down as one of the top 10 warmest novembers on record. now we are watching a couple areas of low pressure here. did you see them through the mid-atlantic and parts of the carolinas and then one back minnesota. all of this is headed in our direction. but it is slowly going to get here. we just have clouds around right now. that's where they are going to stay in the overnight hours into first thing tomorrow. tomorrow morning's commute is dry. it is once we get past say 12, 1:00 when the showers start to break out. they become more numerous and widespread as we head toward the ride home from work and then through the overnight hours they become pretty so very high ch

fisher,llen, dudley, all speaking within the next 24 hours.us cranny coming up on "the pulse," after the next break. a big day for fed watchers. if you want a clue to what is going on, these are the ones to watch. manus: the holy trinity. we know the ambition and we know the desire trying to get off the zero down level. we know more or less where yellen stands and we know they talked about december as being the meeting and that group referred to the next meeting in the discussion. we know the jumping off point is not what janet yellen says today she couldq&a because be asked absolutely anything. that is what will be important. and dudley, we know that is another interesting opportunity. fisher is possibly the man to watch because this is where the whole international aspect of the fed, that was the whole reasoning and dynamic white stanley fisher was brought into the fed. tamednce things have slightly in terms of the exterior story, there is a great story that all the world is easing while the fed is moving in a different direction. you can cu

will dudley says that we are ready to raise rates. mr.robably the most well advertise, discussed, mused over prospect of the giving a normalization of monetary policies in history. i think that when we do begin it won't be a huge surprise. i'm not looking for a big reaction. who knows, right? i want to bring in a former fed governor who is now a professor at the university of chicago school of business. dudley, saying we are ghana do it. we had advertised that we are going to do it. why would the markets react violently to it? do you think he is right? >> i'm hopeful that he's right. i think that this will be a bit like what happened a few years ago with the taper tantrum, when there was a suspicion that they would reduce the pace of increase, the markets became volatile, but then nothing happened. this is uncharted territory. betty: what has got you. -- doubting it? >> the challenge will be the communication around it. 25 basis points plus or minus a few months, the world cannot possibly rest on that. if the world collapses because of th

the latest from the federal reserve, william dudley says the fed is prepared for the rate hike. >>> the jpmorgan chase's jamie dimon gave. >> we have exceptional universities. the best military on the planet. we have the best businesses, medium, large and small, with innovation. steve jobs on the factory floor. low corruption. we have the greatest military ever built in the atlantic and pacific. all of the food you ever want. >> we heard from treasury secretary up beat on the economy. jamie dimon is upbeat on the economy. to make america better, with he ne we need immigration and tax reform. he talks about a lot of things. talks about surviving cancer and run this bank and whether bankers need a better image in america. >>> racial tensions rising across the college campuses across the country. now the 2016 presidential candidates are weighing in next. >>> sad story here. the pregnant wife of a pastor shot and killed in a home invasion. 28-year-old amanda blackburn's body was found after dying from a single gunshot wound to the head. her 1-year-old son left unharmed in a crib. authoritie

betty: dudley and yelling, they are all on the same page?re committed to presenting a unified front. when you are already sitting on the fence, they're going to be pretty tightlipped and they will want to force the message in the october statement and say, we would like to raise rates and we expect to, but it depends on how the data turns out for us. there is always a risk something big could come out but that is not a guaranteed. one other thing tomorrow i want to pay attention to. frankfurt, which is pretty interesting because there is always talk of diversification of monitor policy. he has actually been very outspoken as being very dovish and not presenting a unified front that we have come to expect. she could have interesting things to say as well. unifiedpoil the whole front you talked about. you personally, what do you want to hear out from yellen tomorrow? >> the most we can realistically a stronger or weaker jobs report. give muchure she will more details must she takes december off the table. betty: thank you so much. good to see

bill dudley said, a vote for higher rates is good news. >> that is a good thing, not a bad thing. it is a sign the economy is returning to health and the federal reserve is getting closer to sustaining our move. >> the of session about when the fed is raising rates. staff presented evidence of a neutral rate that will encourage maximum job growth. it might be much lower than the past. a very different cycle this time around. let's find out how asia has been trading. reporter: good morning, guy. thoserkets in asia liked information from the october fed meeting. the bank of japan policy decision today. the monetary policy, i should say, unchanged. also japan comes through with a surprise trade surplus. positive news on that front of lifting japanese equities. three of has a strong session 1%.ing higher than 1/3 of banks ins from the hong kong. it was australia that took the cake today. rally coming big from australian equities today. australia closed over one hour ago. will it be paying out a dividend in the wake of the fallout of this mine disaster in brazil? it says it will not ri

we will probably hear from others including bill dudley who has to carry this out.are out and if we don't get a terrible jobs number, it will be liftoff or december? michael: it will unless we get a terrible jobs number on december 4. the good news is than the fed feels they get it over with in the minutes clearly show their frustration with investors focused on the idea of when we left off. what they really want to talk about is once we go, how far will we go and they want everybody to know not very far. tom: joseph knight is with us. josephye -- joseph nye is with us. ignore thetral bank international economy? >> absolutely not. as the fed tries to figure out what it's doing with this relatively modest increase in interest rates, you have to ask what the effect will be on brazil or what will be the effect on all commodity producers. how will it interact with china? in the sense of the interdependence of the global economy, they have to look at the american economy first. the american economy is affected by the rest of the world. the we did not see that in fmo see

unconventional policy tools and she would not be drawn in by talking about -- we heard from bill dudley and vice chair stanley fischer. we heard from jim bullard so a lot on tap. it is not just u.s. central bankers grabbing the mike. mario draghi also kind of spoiled the party. earlier, made the speech before lawmakers in brussels. equities briefly rebounded but resumed their slide. the message was clear, the ecb may be ready to boost stimulus in december. date, we havee had and still have a clear rule. we do not discuss market sensitive information in known public meetings. monetary policy to be effective, however, it is important to meet market participants and also to hear their views. remarks,emainder of my i will mainly talk about two issues. first, our current economic outlook and the upcoming reassessment of it at our december meeting. --ond, as requested mark: joining us now to decipher all of that central-bank top, james baffert. james: thank you. mark: why are european markets impervious to his message? stimulus could be coming in december, but is there something else? james:

in dudley, robert goldsston, fox 25. >>> an abused puppy found in revere is recovering tonight after undergoing extensive surgery. we told you earlier this week about diamond lily. she's a three month-old pit bull that was found near death on the side of the road in revere. but thanks in part to fox 25 viewers who saw that story and helped raise money surgery done today to help save her life. we'll be sure to let you know how it all went when we find out. >>> state senate seat to tackle social media privacy. the hearing on this bill set for next wednesday. it's already passed labor and workforce development committee. >>> a massachusetts teacher surprised with a prestigious award today. michelle ryan of randolph high school was awarded with the milken educator award this morning. the award is known as the oscars of teachings and recognizes teachers who are models for educators across the state and the country. look at how surprised he looked while offering ryan offered some words of encouragement to her students. >> because i would have never in a million years with two degrees, thre

reporter: what happened here at columbia road at dudley, there's an intersection that had been resurfaced here, that had some detail cops out here. one of those officers said, the kind word he offered that made a big difference. an mbta officer walks away with a small axe and a plastic evidence bag. minutes later police say this man on this bus put the axe to his neck and threatened to hurt himself. four passengers were on board when the passenger pulled out the axe. he spotted several boston officers working a detail. the bus driver jumped out and called for help. one or two officers got on the bus when the officers learned the troubled map was a veteran, one officer said thank you for your service. police say the simple words of appreciation calmed the man down. the membership agreed to put down the axe and come off the bus on his own. the driver and when i passengers okay. the man with the axe taken to the hospital for evaluation. the businessman to took the puck tour credits the officers for their quick and thoughtful action. >> it could have been worse. now it's safe, so the guy's al

are we going to get more clarification or obfuscation from fisher and dudley today?k we really did not learn much new from yellen's brief comments today in the answers.and we do know that the december meeting is a live meeting and a possible rate hike is on the table. i do not think that should prize -- surprise anybody. that was pretty clear from the word of the policy statement that we got last week. this has been a real soap opera for investors. remember back into late august and you had those that feist chairman fisher say a september rate hike was very, very likely? they backed off citing the downside risks to the global economy. between now and then, the downside risks are still there, but they really seem to be a lot less severe and a lot less worrisome than they appear to be a month or so ago. the fed is inching close to raising rates. i think the hawkish tone of last week statement suggests that they are really on the path where they are going to be raising rates in december. it is really up to the economic data between now and then to dispel them from that

bill dudley saying be cautious, be careful. janet yellen spores, she didn't touch rate hikes at the moment. what's the best guess when you see this fear in the markets. the dow down now 212 points? >> the market is scared because everybody is talking and nobody knows. what's the biggest fear of a market? uncertainty. mr. draghi is saying inflation or lack of it is very clear. we're sitting here at $41.5 in crude oil and fed thinks they're fighting inflation. little nutty if you ask me, there's no inflation, no wage price. how much of the labor was temporary people hired for the holidays and they'll be gone right after the second, third week of january. so i think we need this next four weeks to get a handle on things, and as we do, that pressure will come into the market, and it will flip-flop and somebody says we should weigh the market, will start the other way. back and forth, it's going to be a wild four weeks. >> okay, as people are sitting at home and looking at td ameritrade accounts or charles schwab, you look at what's

sky eye is on the way to the dudley street. the victim tells police a black male approached the toyota sienna, showed a gun and took off in the vehicle. the police are searching for that green toyota sienna. >>> a action was off of the field last night during monday night football as protestors rappeled down part of the stadium. and they unravelled a banner protesting bank of america's role in financing a liquefied natural gas export facility. the sign dangled there for a quarter of the game and if irhis to be called in to bring them down and four people were arrested. >> and this noon, a joint crew from egypt is any russia is beginning to examine the brack box in the deadly crash of a russian game and a u.s. satellite detected a heat splash or egypt, the same time the plane went down and it's unclear what caused the crash. it could have been an explosion in the fuel tank or engine, but investigators have not ruled out a bomb. the airline, metro jet, denies pilot error or technical problem and that crash killed 224 people on bo

later in the quarter, the fast break, gives it up to jared dudley against his former team, 14 points the bench. what doing what he does, blowing by everybody, an easy lineup right thelineup -- layup there. wizards start to run away with this thing and porter hurt his ankle but his team got the win, 115-86. 115-86. >> nothing soft about that. [ female announcer ] business travel isn't just about the going. it's also about the going home. and being connected all along the way. whether you're working or recharging, do business travel on your terms. acela. take off. >>> just one more chance to catch a unique display on the national mall's museum of african history and culture is being illuminated with a three-day display. see it tomorrow night between 6:30 and 9:00. the image commemorate the 160th anniversary of the end of the civil war and 50 anniversary of (man) hmm. what do you think? ♪ (stranger) good mornin'! ♪ (store p.a.) attention shoppers, there's a lost couple in the men's department. (vo) there's a great big un-khaki world out there. explore it in a subaru crosstrek. love. it'

david pelletier, was arrested on five counts of animal cruelty and will be arraigned tomorrow in dudley district court. >>> developing tonight an on-duty secret service agent is accused of sending obscene texts to someone he thought was a 14-year-old girl and did so from the white house. federal investigators say a little lee robert moore was actually talking to a police officer and moore allegedly admitted to the crime when questioned by police. >> a mother suspected of using heroin in the car, her child just feet away. it happened in an avington parking lot and as ted daniel found out, similar scenarios have played out there before. >> two moms who had their kids with them arrested for drugs in the same parking lot just weeks apart. tonight we took a closer look at this area of avington near the brockton line. >> no. 6 weeks, the number of drug arrests in the parking lot of this walmart on brockton avenue, six. it's also known as route 123. the most recent involved a young mother. avington police say a detective conducting surveillance of the parking lot found sarah injecting heroin i

reporter: there was some resurfacing work here at columbia road at dudley street. you might be able to see some of the orange cones there. the situation got dicey on a "t" bus coming through this situation. a dorchester business man snapped these pictures of the empty bus parked in the construction zone now surrounded by boston police and mbta officers. moments earlier at&t officials say a man pulled out a small axe and threated to hurt himself. police say the king-thinking bus driver pulled over in this construction zone where several boston officers were working a detail, jumped out and called for help. one or two officers got on the bus and when the officers learned the troubled man was a veteran, one officer said thank you for your service. police say the simple words of appreciation, calm the man down. they agreed to put down the axe and come off the bus on his own. the driver and when i passengers okay. the man with the axe taken to the hospital for evaluation. the businessman who took these pictures credits the detail officers for actions. >> it's because it

despite jared dudley former u-mass grad scoring 19 points the celtics win this thing big. the cs make it two wins at the garden today 111-78. northeastern college basketball taking on 15th ranked miami. going to the rack. get that out of here. onto our watch. no problem. trying to get the game winner yes, sir. and at the buzzer. north eastern takes out the 15th ranked team in the nation 78-77. so you are saying there's a chance? jamie collins finally on the practice field friday even if it was limited collins has been out with an undisclosed illness to are a week while danny amendola has been listed as questionable with a sprained knee. danny was limited in practice today as well. >>> some u-mass football taking on buffalo in this game. the minutemen yeah, having a pretty good game you see the store there. how about the run by the minutemen. all right this is our final game of the season. the seniors trying to end with a positive mark. 31 points for u-mass they're on defense you see that they get the interception that was still the game for u-mass over buffalo. final in th

jared dudley the kid from b.c. the former eag health 19 you but isiah thomas chips in with 21. the cs make it two wins in the garden today 111-78. >>> college basketball because i love it. northeastern taking on 15th 15th ranked miami. huskies down one. looking to get the go-ahead bucket. that's nice block. but northeastern ball still no problem, quincy ford q with the j. 78-77. northeastern knocks off the 15th ranked team in the country. so you're saying there's a chance. jamie collins finally on the practice fold friday even if it was limited collins has been out for an undisclosed illness for weeks. while danny amendola has been listed as questionable. time will tell if his knee will respond to the quick turnaround. tom brady knows the offense needs all they can get against denver's tough d. >> they put a lot of pressure on you in the pass rush then they because they don't give you anything. and that's where the real challenge is. they have limited teams to yards, points, turnovers, sacks, first down defense they're impressive in every stat call category. -- statistical cate

take a look what officers found inside a home on dudley street in roxbury. two guns along with 150 rounds of ammunition. police found the weapons while care caring out the search warrant. the people who live there are facing unlawful protection and other charges. >>> a star everett football players who was attacked trying to help his friends has a new lease on life. marvins fedna was leaving a party. he heard a friend call for help someone stabbed him in the back and hand. he said everyone's support has been crucial to his recovery. >> on an emotional level it is very important, because they helped me get through this. you never know when it is time, and thank god it wasn't my time and thank god it wasn't my time. and he gave me a second chance at life. >> fedna says he can't wait to get back on the field next season. yes the rehigh school has a game tonight. no update on the person who stabbed fedna. watch our fuller about rue with him on myfoxboston.com. >>> new allegations of a cop staged in an attack to cover up his own suicide. coming up this half hour,

dudley possibly will. he may be the wild card.teresting to see if congress decides to ask her would you like to comment on monetary policy. is it your view if they talk about december it's simple verbal intervention and it won't happen and the market is safe in its assumption that we won't get a rate rise until next year. >> it's my assumption that they won't be able to pull off a rate rise. that having been said, the yield on the two-year is up to the highest point it's been this year. it's returned to that point because they clearly assume that at least fisher will talk about a hike in december. >> the market is sort of deciding itself. not just the two-year, the 30 year, the dollar is charging forward against all other currencies. the message is raising the probability as long as economic data comes out strong, services, adp, december firmly on the table. >> you have three people speaking today with a high likelihood that one will reinforce it. if you're a short-term trader, you want to protect yourself from that. you pay up be

bob dudley announced plans to make the company work $60 in oil. we can defend our dividends, the key issue for him. >> the opposite view going forward, when you look at the earnings in the rest of the sector, a huge week for big oil. >> we have 50 to 60. if you cut the cost down to that level that will mean a lot of possibility in the years ahead. >> that is a subtle shift in there by someone widely respected. why are southside analysts finally getting optimistic? is about cost-cutting or some form of revenue stability? >> i think the cost-cutting is key. oil is not going to default but we will start to see those cost cuts take effect. some analysts are saying this is the bottom of the earning cycle. it may not be the bottom of the oil cycle. >> real simple here. this is inflation-adjusted commodities. down we go breaking through new commodity lows, getting near that multi-decade trend. >> oil has the ability to flow quickly. it is hard to store and the issue is that winter might be if you do see oil support -- it has the ability to crash quickly.

boy, i tell you, late in the game, it was all carmelo anthony who just rises up over jared dudley and scores. he had 37. wizards lose 117 to 110. >> when he got hot, he got hot. he gets hot, he makes those shots. it was just he made some tough shots. >> things felt good before the game. just one of those days trying to take it day bey day, and today was the day that i had that bounce. >> that bounce. he had that bounce. 37 points. halloween decorations in florida for the caps and panthers. i don't know what those costumes were right there, but i know jay beagle, barking like a dog, ties it late. caps in first place after winning 2-1. so some good stuff out there. again, navy winning 29-1. keenan reynolds now tied for the all-time ncaa rushing td mark. >> exciting stuff. >> good stuff all around the area. >> did you notice what kind of tie he has on? >> i don't even want to talk to that guy. >> i'd rather talk about kuznetsof. kuznetsof. the washington post endorses democrat jeremy mcpike for state senate. applauding mcpike's "ideas about getting traffic moving." the post warns republi

a suspect stealing from someone's front porch in the 2600 block of dudley street on october 30th.mply opens the screen door, swipes the delivery and runs off. if you have information about this man's identity contact philadelphia police. >> top lawmakers from harrisburg say the republican controlled legislature and governor wolf are moving closer to a budget deal for pennsylvania. one of the key elements would be an increase in the state sales tax. in philadelphia where the sales tax is already 8 percent, it would see anyone .25 percent as an increase. there would be no new fracking tax. wolf seems to be considering making concessions on privatization of wine and liquor sales and changes in pensions for future state and school employees. in return, wolf would get hundreds of millions of new dollars for public schools, possibly 750 million over two years. ly. >> 5:57 now. next and new this morning a donation jar at a grocery store gets into the wrong hands. >> after many apologies, volkswagen is finally putting its money where its mouth is. >> ♪ >> ♪ >> "action news." delaware vall

. >> it has but stocks seemed to hit the skids when we hear from bill dudley. and all of a sudden people were like, wait a minute, is this a repeat of september when we were positioning or anxious for the fed to raise they wind up giving us a little bit of a hold here. >> do you know what it is, kelly, i think it's, number one, oil, i think that still set the wheels in motion this morning and the fact that, you know, we're looking at a lot of these big cap stocks that are probably going to really feel the affects coming in the next couple of quarters with the higher dollar and i think that that's what the market is reacting to now. i think that if we do have a rate hike in december, which i'm still not going to say that i think that, i still think it's going to be sometime next year, if we do have one and it's very -- i think right now economists are saying it's a 75% chance that we will, the dollar is going to strengthen and these companies are going to get hit a little bit overseas. this is what you're seeing now, people are preparing for it. >> rick, as you

dudley mccalla/neighbor obviously gunshots... rapid succession, no pause. a few short moments later, i heard one siren. at first, officers thought she'd been shot.. was even listed in critical condition.. but this morning, police tell our austin station kvue.. the gunman missed. the judge has wounds from shrapnel and broken glass--but will make a full recovery. the lead investor says that doesn't diminish the crime---telling kvue: ffgrfx1 are the result of a firearm being deployed in an attempt to murder her." commander mark spangler/austin police dept.pio at this point we don't have a lot of information about the suspect. ffgrfx2 http: the austin american statesman reports the judge was coming home from a high school football game with others in her suv late friday night. the paper says as she pulled up, a bag of trash or a garbage can had been placed in front of her security gate. as she got out to move it, the judge was ambushed. commander mark dept.pio we are working witnesses that will help us track down this person or persons. this morning, police are

this surveillance video was taken along the 2600 block of dudley street back on october 30th. >>> thect walked up, swiped the package from the front door and then ran off. again, if you think you know who this is, please contact police. >> time for your first look at business here at the big board. new jersey governor chris christie vetoed a number of bills that would help atlantic city stay afloat financially. christie says the proposed legislation would not have put ac in and its struggling casino industry on a true path to a sustainable recovery. >>> the governor and the senate president plan to meet to come up with another solution. >>> target will open its doors to black friday shoppers at 6 o'clock on thanksgiving night just like last year. but this year shoppers don't have to go all the way to the store to get good deals. the same deals will be available online. >>> all three major stock indices fell yesterday with the dow losing 179 points and this morning futures are mixed. >>> starbucks is expanding its free tuition program for some employees. the company will now offer the

tom: derek, i listen carefully to build dudley. once but twice, the arch cannon that monetary policy works with one in variable lags. that means to me instability. can the other cast of thousands -- can they get this done over the next couple years with stability and less variability? derek: it's going to be a very, very tough job. what i noticed from yesterday is that there is already of very focused emphasis -- already a very focused emphasis in regards to what happens after december. dudley was talking about the fact that the current level of interest rates, although at zero, may be more restrictive than the markets currently think, in other words implying that the key grace will be much, much lower. tom: and that was the first half of his speech. i was thunderstruck when he mentioned forward guidance of less value away from the zero bound. with you translate that for me? is that mean michael mckee doesn't get to go to anymore press conferences? [laughter] derek: given that the fed hasn't raised rates since 2006, the forward gui

we have dudley speaking and fisher as well later tonight. do we have any other further clues about what the fed is thinking? mike: they need a lot more further clues about what the fed is thinking. they are talking about economics, but dudley's about economic indicators and looking at those. it is not at this point likely that he is going to make any remarks to suggest where policy is going. reporters will be there and it's possible that he could be asked. stanley fischer is more looking at central banking and it's evolution. it's an awards ceremony speech and not likely to make any comments there. that a speech at like that alan greenspan introduced evolutionary terms. betty: you know economist so well and there was a story that showed how wrong economic forecasters have gotten it when it comes to predicting what the central banks will do. 20 out of 28 have gotten it wrong. the have underestimated how low rates would go this year. why is that? mike: it is because nobody can forecast what has happened to the economy. there is always somethin

scarlet: william dudley says that the need for higher interest rates is "quite possible." >> that isth we saw in the first half of the year. we are much closer to our goal of maximum sustainable employment. st. louis fed president james bullard says that now is the time to raise rates. what does this mean? brendan greeley. we are having headlines across from that q&a with dudley, and he says if you wait for lift up, that could boost a hard landing scenario. he said yeah, but something interesting. he's sort of punk'd us. atsays we are looking inflation. we are going to lose control of inflation. this is a familiar story for him. he looks at the dallas trend mean -- i will not go into the details of how it is cultivated, but it happens to be showing much higher inflation than core pce, which is what janet yellen looks at. measure,your inflation you are closer to the target all of a sudden. here is how bullard kind of pun k'd us. he made another case, an academic case for why we might be stuck as zero for a while, why interest rates are going down. let me walk you over to the board and

bill dudley holding a press briefing in half an hour and sam fisher speaks in washington later tonight joining me is the ceo of one of the world's largest global asset managers, joe sullivan of legg mason. use at a rate hike will not be the main event. just you said a rate hike will not be the main event. e: we look forward to a rate hike, look forward to getting back to normalized rates. it will be good for our business come introduce some risk back into the market and allow more are managers who tend to be active and high active share managers to be able to differentiate. when you have this extended peri od of low rates, everything is correlated. it is hard to this thing with between asset classes. we look forward to rates moving toward a more normalized state. david: how difficult has it in and how long do you see this persisting? >> it has been challenging for the last couple of orders. i'm speaking to the retail investor. the volatility has them a bit. -- spooked them a bit. there has been questions around valuations and equities, questions around economic growth globally, differe

today less than three hours away from the job's data report, janet yellen and william dudley said thatif the economic data justifies them. expected to rice by 180,000 compared to 142,000. unemployment rate expected to remain unchange 5.1%. jobs in america, a special report. >> nicole: let's get you caught up in the global market. in asia somewhat of a mix bag. that's been under some pressure. shanghai and nikkei winners. almost 2%. hang say -- hang seng down 1%. >> cheryl: dax in germany down 21. >> nicole: it is all about the important job report that we are waiting for. s&p futures juries over 1 and nasdaq with a gain of one and a half. >> cheryl: coming up talk about anticipation. then there is this. look at the video, see that cool rolex watch, you can buy it today. that watch, but you're not going believe how much it's going to cost you. we will tell you. in thursday night football a dominant second half cincinnati defeated. we will haveatatat coming up. investors are waiting for the key october job's report. check out the index futures. a mix movement. you're watching fbn:am, fir

secondly if these statements by bullard, dudley, lacquer and those at the fed talking about projected increases are playing into this thing? >> they sure are. i know rich kinder is the chairman, he's been buys stock, but the last quarter was not that good. and they're all part of etfs and they're e l going down. onil reason why you own the stocks typically are for the distributions. kinder morgan, it's wait and see. luis in north carolina? >> caller: yes. thanks for taking the call. >> how are you? >> caller: good. people remodel and buying their homes need to put furniture in it. i'm looking it the -- a little worrisome, but interest rates are probably going up. i know you like this company, were your favorites, the ceo has been on the show. the chart is showing. the conference call right in the middle othe holiday season. tell us what we need to see going into it. >> you're not going to like what i'm about to say, but i'm a devotee, and he's urged people that think short term, they should go. multiple years. those who are along for the ride i think will win, but those who are buying

francine: that was bill dudley and dennis lockhart talking yesterday. let's talk about the market. give me something. -- mark, give me something you'd marco -- give me something. mark: emerging-market investors today seem to be taking that view. also liking the gradualist approach. the fed seems to be telephoning that when the rates to rise, they will rise at a shallow pace. mci -- it is up by 1.4%. swing been the mercy of u.s. rate expectations. it has risen from its low in august from 8% through today. it is down by 20% in the first eight months of the year. the other big central-bank came from the boj. no surprises. the monetary stimulus unchanged. how all to see this currency. rising against the dollar among the japanese yen. up by .3%. after the boj kept rates unchanged. it was not a surprise. all economists predicted it. there isn't any inflation in japan. it has been falling. the economy is in a recession. confident that inflation will pick up. the boj will increase stimulus. won'ts think the boj reach its new timeframe of reaching its goal through march 2017. very quickly,

new york fed president william dudley also holds a briefing in new york and fed vice chair stanley fischer speak in d.c. let's get thoughts from manish singh, head of investments at cross bridge capital. to said that you will like see them defend the fed. why do you think they need to defend things? manish: there has been a lot of criticism about whether qe was the right thing to do. keep people into jobs and to keep prices stable. i think they have succeeded in a big way. if you expect 5.1% is the employment rate where they should start raising things, if unemployment is falling, what does it tell you? there's more slack in the economy. . think they've made a mistake they have given too much guidance. that part i think things have gone wrong. now, i would say they are truly data-dependent. there are signs of inflation, they are going to raise rates. the fed has done its job. it is debatable whether qe benefited. perhaps it has. that is debatable. manus: there is this debate that janet yellen has 6 million reasons not to raise rates, the people who dropped out of the employment race, those

all the majors, yellen, dudley, bullar -- they're all talking tomorrow.hat because it is the only game in town. alix: that's all for "what'd you miss?" think you for watching. ♪ mark: i'm mark halperin. john: and i john heilemann. and with all due respect to monopoly, that's not how the real world works. mark: but it is how presidential politics work which is why sometimes you have to take a chance. happy veterans day, sports fans. tonight, rubio passes go, cruz collects $200. but firth