crisis before becoming treasury secretary of two thousand and nine prior to that he led the federal reserve bank of new york for more than five years. and finally the world's largest futures exchange the c.m.e. group said that its clearing service for energy and other swaps was hacked back in july of this year sparking a federal criminal investigation now certain customers information relating to the chicago mercantile exchange as we report service that was compromised now clear

going to be a toxic waste risk dump and one of the primary beneficiary of that will be the federal reserve bank of america which if they have trouble getting through that debt ceiling there is going to dump the debt on the bank of england's balance sheet and of course the bank of england and the u.k. is the worst regulatory environment in the world where most of the financial fraud and financial terrorism takes place so they always see though an exact correlation between debt ceiling bank of england total collusion these bankers are completely working for themselves have nothing to do in generating g.d.p. it's a complete fraud your thoughts. i totally agree and that is there are colluding. if one central bank ever stops printing money and buying crappy bonds another wall will pick up the pace and right now of course the fed stopped buying and printing the bank of japan has jumped and big time. the e.c.b. has backed off just a little bit in the bank of anyone is no contemplating further expansion is there so yeah i mean it's. if one bank just one central bank just slows down a little bit the oth

going to be a toxic waste risk dump and one of the primary beneficiary of that will be the federal reserve bank of america which if they have trouble getting through that debt ceiling there is going to dump the debt on the bank of england's balance sheet and of course the bank of england and the u.k. is the worst regulatory environment in the world where most of the financial fraud and financial terrorism takes place so they always see though an exact correlation between debt ceiling bank of england total collusion these bankers are completely working for themselves have nothing to do it's generating g.d.p. it's a complete fraud your thoughts. i totally agree and that is there are colluding. if one central bank ever stops printing money and buying crappy bonds another wall will pick up the pace and right now of course the fed stopped buying and printing the bank of japan has jumped and big time. e.c.b. has backed off just a little bit in the bank of anyone is no contemplating further expansion is there so yeah i mean it's. if one bank just one central bank just slows down a little bit the other

going to be a toxic waste risk dump and one of the primary beneficiary of that will be the federal reserve bank of america which if they have trouble getting through that debt ceiling there is going to dump the debt on the bank of england's balance sheet and of course the bank of england and the u.k. is the worst regulatory environment in the world where most of the financial fraud and financial terrorism takes place so don't we see though an exact correlation between debt ceiling bank of england total collusion these bankers are completely working for themselves have nothing to do of generating g.d.p. it's a complete fraud your thoughts. i totally agree and that is there are colluding. if one central bank ever stops printing money and buying crappy bonds another wall will pick up the pace and right now of course the fed stopped buying and printing the bank of japan has jumped and big time. the e.c.b. has backed off just a little bit and the bank of and under is no contemplating further expansion is there so yeah i mean it's. if one bank just one central bank just slows down a little bit the ot

going to be a toxic waste risk dump and one of the primary beneficiary of that will be the federal reserve bank of america which if they have trouble getting through that debt ceiling there is going to dump the debt on the bank of england's balance sheet and of course the bank of england and the u.k. is the worst regulatory environment in the world where most of the financial fraud and financial terrorism takes place so they always see though an exact correlation between debt ceiling bank of england total collusion these bankers are completely working for themselves have nothing to do of generating g.d.p. it's a complete fraud your thoughts. i totally agree and that is a there are colluding. if one central bank ever stops printing money and buying crappy bonds another wall will pick up the pace and right now of course the fed stopped buying and printing the bank of japan has jumped and big time. e.c.b. has backed off just a little bit in the bank of anyone is no contemplating further expansion is there so yeah i mean it's. if one bank just one central bank just slows down a little bit the other

mortgages out and not getting their money back and as financial troubles plagued boris while the federal reserve bank comes to rescue a program of massive bull and touch says printing more cash and buying the bond loans from the ailing banks that by pouring more money into the banks they intended to help the average joe driving down the cost of credit so that more americans could survive the financial meltdown but it turned out to be a big win for wall street and not the tocs pez with the boers increasingly missing their credit payments it means interest rates are about to go through the roof the publisher of trans channel challenge leonti owns a great consequences that the only reason there is any recovery going on in the united states or for that matter the european zone is that interest rates are at record lows so as i mentioned you could buy an automobile with zero percent and what there go it what's going to happen when interest rates go up the housing market again collapses the auto market collapses and worse than that the bond market collapses and so you're going to start seeing a decline agai

crisis before becoming treasury secretary of two thousand and nine prior to that he led the federal reserve bank of new york for more than five years. and finally the world's largest futures exchange the c.m.e. group said that its clearing service for energy and other swaps was hacked back in july of this year sparking a federal criminal investigation now certain customers information relating to the chicago mercantile exchange as we report service that was compromised now clear port that handles contracts mainly tied to energy however there is no evidence that trades on the mercs electronics system were adversely impacted or that any other clearance services were disrupted where port handles nearly half a million contract million not billion half a million contracts a day well there you have it we'll be tracking these stories and keeping you posted on all the latest. in the past few years the demand for corn and soybeans paired with historic droughts and bad weather drove crop prices to new highs and no surprise for land values they rose rapidly with them however this year due to expectations f

is this a fall in nearly forty percent and surveys from three of the federal reserve bank show expectations of an easing of farm land values for more on agriculture commodities and the overall markets we turn to jim rogers investor and author of the book street smarts jim thank you so much for joining us today. delighted to be here and now you're very bullish right now on agriculture what are you seeing in the markets today that lead you to this position. and the world has consumed more than its produce for the last decade which means of course that inventories are near historic lows where we have low inventories which is bad but then worse than that and we run out of farmers the average age of farmers in america is fifty eight in japan and sixty six in canada see oldest in recorded history i could go and no young people are going into agriculture there and more people in america study public relations than study agriculture so we have low inventories we're running out of farmers the world's facing a crisis and it sounds like america just doesn't need that many public relations experts from

crisis before becoming treasury secretary of two thousand and nine prior to that he led the federal reserve bank of new york for more than five years. and finally the world's largest futures exchange the c.m.e. group said that its clearing service for energy and other swaps was hacked back in july of this year sparking a federal criminal investigation now certain customers information relating to the chicago mercantile exchange is we are port service that was compromised now clear port that handles contracts mainly tied to energy however there is no evidence that trades on the mercs electronics system were adversely impacted or that any other clearance services were disrupted where port handles nearly half a million contracts million not billion half a million contracts a day well there you have it we'll be tracking these stories and keeping you posted on all the latest. in the past few years the demand for corn and soybeans paired with historic droughts and bad weather drove crop prices to new highs and no surprise for land values they rose rapidly with them however this year due to expectation

is this a fall in nearly forty percent and surveys from three of the federal reserve bank show expectations of an easing of farm land values for more on agriculture commodities and the overall markets we turn to jim rogers investor and author of the book street smarts jim thank you so much for joining us today. delighted to be here and now you're very bullish right now on agriculture what are you seeing in the markets today that lead you to this position. and the world has consumed more than its produce for the last decade which means of course that inventories are near historic lows where we have low inventories which is bad but then worse than that and we run out of farmers the average age of farmers in america is fifty eight in japan it's sixty six in ten it is the oldest in recorded history i could go and no young people are going into agriculture era and more people in america study public relations than study agriculture so we have low inventories we're running out of farmers the world's facing a crisis and it sounds like america just doesn't need that many public relations experts fr

banking committee and the hearing is on janet yellen nomination for the federal reserve bank and sheould become the most powerful woman. if confirmed she will replace benbeben bernanke. >> she is getting a little grilling how is she getting on? >> it was civil lieseized. there was no grandstanding by the runs and you appeal to the tea party base on the federal reserve abolished altogether. it was a civil question and answer session. much of it about the procedure and regulatory roll of the fed. and the main message from yellen was continuity. she is the vice chair of the fed research of. shresearch -- research reserve. >> if you can flood the financial market with $85 billion a month the banks will be happy and they will be happy to lend to main street and we'll have job creation. the banks are pocketing that money and that is why we have so much unploimen unemployment rat. the banks are doing well but people less so. >> allen gree greenspan was idiosincratic and strange. and ben bernanke his character was defined by the banking crisis. >> what about january oa janet e person. what i

. >>> a federal reserve bank official, richard fisher of the dallas fed said an irresponsible government is hurting the recovery. he adds, the government's inability to get its act together is hampering the stimulus program. >>> a big role in building 777x jet, advance talks to build wings for the plane and have it built in seattle. the location of the jet has been open for grabs, boeing moves some of its work to south carolina. they build the sphaif 787 dream. >>> the film about nelson mandela and the family' family's reaction. >> long walk to freedom. nelson's struggle for racial equality, spares no details about his 27 years behind bars, only made the man and his cause stronger. >> your struggle, your commitment and your discipline has released me to stand before you today. >> we should remember where we come from and that this freedom was hard-earned, and it was won at a very, very heavy price. >> the $35 million film also bears the inner workings of the mandela family and attempts to show some of their private struggles. >> when i watched the movie it was a very emotional time for m

i have experience with the federal reserve bank of san francisco. when i look around my neighborhood and see the changes that are happening, i so there is no neighborhood grocery store. i see that small businesses in particular are coming and going, and they haven't been able to really sustain themselves. from my work experience in working for the city in the mayor's office as well as in the non-profit, i had a good sense as to what some of the challenges were. when i look in the future, i could see more challenges coming. i thought i had a set of experiences and more importantly a passion and desire to serve. >> i understand that no one wants to have their programs cut. of course not. i also want everyone here to understand that no one up here wants to cut programs because they don't care about the population being served. there are no value ains here. we are all on the same team. it is a tough situation, as we are here so that we can begin the work together. >> i am actually more forward thinking. for me it is less about being left or right, or in

. >>> the confi confirmation hearr janet yellen a nomination for the federal reserve bank. >>> and hundreds are buried today in mass graves in the bill philippines. philippines. >>> we are following breaking news coming out of wisconsin. there are reports tha that a childrens' hospital there is in lockdown. it's in the city of wauwatosa. it follows the shooting and when we get more details we'll bring those to you. >>> this are stunning numbers coming out of the philippines. 4460 people dead. those numbers are just coming in. the philippine government is saying the death toll is lower 4357. we'll have more on the death toll of typhoon haiyan in a moment. >>> if you like your plan you can keep your plan. president obama is admitting the white house fumbledded the ball twice. but the president said the game is not yet over. mike viqueira is standing by at the white house. a contrite president it seems with a solution to those that their insurance companies have dropped their plans. >> the president came out and faced the music. he was retenant. last week in a one-on-one interview he apologize

we have the former president of the federal reserve bank of st. louis, william poole, his successor saving very interesting things about tapering. we'll get both guy's reaction to the fed tapering coming up. liz: groupon making a big change in order to get deals into your hands literally. we'll tell you exactly how. publicly-traded stock. pretty volatile. stay tuned. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms

yellin is the former head of the san francisco federal reserve bank, and she taught at cal berkeley as well. it she's approved by the full senate, she will become the first woman to head the central bank. a stanford engineer who wants to teach girls engineering has gotten more than ix is million hits on youtube advertising her story. take a look. ♪ ♪ >> actually built by the same guy who did the okay go video. pretty cool. it's for a fwam called goldie blocks, invented by this woman, a stanford engineering grad, debbie sterling, who says that already too many princess toys in the aisle of your local toy store. in america, she says, we're not suffering a shortage of princesses. we're suffering a shortage of women engineers. we wish them the absolute best. six million hits on youtube, that's a darn good start. back to you. >> absolutely. scott, thanks so much. happening right now, we want to give you a live look at this boeing 747. it got stuck in a small kansas airport, and it's now going to be back in the air. the plane mistakenly landed on a small kansas airport and then got stuck. th

a separate survey from the federal reserve bank of new york show factories in new york state slowingown this month for the first time since last spring. let's turn to a family-owned american manufacturer rebound in basin production after going through the recession. in the last six months head count at the 128-year-old company has gone from 75 to 95 employees, and business has been so good that kreeders is moving from chicago to a nearby suburb where it will have more space. charlie, first of all, the price of corn went up last year because of the drought. there was a recession. all the things that made business more difficult. how did you thrive and survive? >> well, i actually the price of corn went up but it's available from southern hemisphere, so they get another crop down there, and the machinery that we make uses popcorn that is grown--it's a smaller portion of the crop, so the manufacturers that use that kind of popcorn had plenty of supplies. >> we see some of the machinery behind you, how important is modernizing the machinery to keep manufacturing like yours going? >> we'r

as you point out recently one of your writings you've got all this money printing and the federal reserve bank and other banks a sigh causing inflation however we see huge inflation almost hyperinflation in a market that they don't necessarily care about that's the art market talking about what was the first one there are markets not going up the dollar is going down another is when people pay higher and higher dollar prices for art the art has intrinsic value it doesn't really change is the art it's the dollar that's going down so i pay more dollars for my art but you know in the u.s. one hundred year old family money is the old money you come here to europe these dynastic fortunes are two or three or four hundred years old when you talk to people have that kind of well the say well how did you survive you know the thirty years war in the polina louis the fourteenth and all that and they say a third a third a third one third gold one third lamb one third fine art you know so when the wild birds burning down the village ten miles away you take your order of the wall you put your golden bag you

hours or even days before stampeding into stores to snag door buster deals oddly enough the federal reserve bank has also used this pseudo holiday to launch its own on precedented spending spree otherwise known as want to teach it easy two thousand the financial crisis the fed began buying up massive bonds to drive down the cost of credit and experiment pitched at helping main street as the program marks its five year anniversary the former fed official who helped spearhead the quantitative easing is publicly apologizing to all americans for the role he played his name is andrew use are and he joins me now andrew what is so bad about quantitative easing that you felt you had to publicly apologize to the entire country i believe we have a very big wake up call with the financial crisis five years ago we had a we realize we have this economy that was over we were lying on wall street where the banks have become too big and too too concentrated for the larger economy and what i feel quality quantitative easing all to me has done is to reinforce. that structure in the u.s. economy and a lot of the b

as you point out recently one of your writings you've got all this money printing and the federal reserve bank and other banks a sigh causing inflation however we see huge inflation almost hyperinflation in a market that they don't necessarily care about that's the art market talking about well it's the first of all there are markets not going up the dollar is going down another is when people pay higher and higher dollar prices for are the or has intrinsic value it doesn't really change is the art is the dollar that's going down so i pay more dollars for my art but you know in the u.s. one hundred year old family money is the old money you come here to europe these dynastic fortunes of two or three or four hundred years old when you talk to people have that kind of well the say well how did you survive you know the thirty years war in the polina louis the fourteenth and all that and they say a third a third a third one third gold one third lamb one third fine art you know so when the wild birds burning down the village ten miles away you take your order of the wall you put your golden bag you

janet yellen, president obama's choice to head the federal reserve bank made it through the senate hearingithout a scratch this week. dr. yellen who would be the first woman to head the fed, faced questions on bond buying programs and bank regulation among other things. the markets continued to set records all week. by thursday the dow hitting the third all-time high of the week as did the s&p 500. nasdaq also hitting a 13-year high. markets continued to climb on friday. two dow components reporting profit this week. cisco had poor guidance. walmart beat and revenue missed estimates. the 23-year-old founder of snapchat, a smartphone application that makes pictures disappear after they were sent turned down an offer to be purchased by facebook for $3 billion. the company has an estimated 26 million users in the u.s. and revenues of zero. zero dollars in revenue and they turned down a $3 billion offer. the company apparently hopeful of an even bigger offer at some point down the road. >>> the markets keep setting records. the nominee to head the fed faces tough questions on capitol hill. and

the opportunity to vote for an extraordinarily well qualified woman to be the head of the federal reserve bank and we are delighted janet yellen is very well qualified her academic background her experience both in and out of government and her extraordinary good judgment so there you heard senator warren call for a vote today saying it was a historic moment but can you go into a little bit more detail about the types of power that janet yellen will have being the first woman to hold this position. very few of the first woman so it's all the women senators of the senate banking committee were also very excited for her but again she's the same old song and as ben bernanke the they support the same policies and this is absolutely the most powerful entity on the face of the earth it controls monetary policy of the u.s. dollar the world reserve currency so the power that's being put in this woman hands are larger than anyone out that we're that we've seen now rand paul has said that janet yellen is the transparency advocate for the fed do you have any idea if that would change the way that the fed

he was head of the federal reserve bank of new york when president obama asked him to be treasury secretaryelping chart a course through the financial crisis. >>> new york is ready for a new mayor, bill deblasio is getting attention. the mayor-elect and his wife have shattered a barrier for politicians, a white man married to an african-american woman. it caused some tabloid attacks. one theme was to end new york's stop and fisk policy. >>> federal health officials gave the go-ahead to a vaccine for meningitis. the latest case on the campus was confirmed last week. that student is still in the hospital. >> i remember it was instant. she went from feeling almost fine to 103 fever. >> meningitis is rare in the u.s. and can be deadly. a vaccine is used in other parts of the world but has not been approved for widespread use in the u.s. a supply is being imported for use in princeton. >>> a southern california high school is considering a face lift for the mascot. the coachella arab drew a formal complaint. the district refuses to give up the name which dates from the 1920s but is gathering ide

federal reserve began its own unprecedented shopping spree back in two thousand and eight it unveiled the largest stimulus package in u.s. history let's just see how it all panned out where banks were handing out just too many mortgages in this financial troubles plagued borrowers people couldn't simply repay the debt the u.s. federal reserve launched a massive program of bond purchases printing more cash and buying loans by pouring more money into the banks intended to help the average american by driving down the cost of credit so that more people could survive the financial meltdown but it turned out to be a bigger win for wall street than for the taxpayer of his murder one of those behind the fed's experiment to now sees it as a big mistake. black friday the day after thanksgiving is america's busiest shopping day of the year millions standing in lines for hours or even days before stampeding into stores to snag door buster deals oddly enough the federal reserve bank has also used this pseudo holiday to launch its own on precedented spending spree otherwise known as want to t. that easy two thousand and eight presidential crisis the fed began buying up massive bonds to dri

dollars world reserve currency the federal reserve bank running the world's economy there's very little recourse and you've got extrajudicial killing actually visual law making you know it's the americans become a red state america has become an outlaw state and these countries have to wake up we're going to find themselves as american casino goo lag state where they're just being thrown down into a dungeon and forced to trade online virtual games to make virtual gold for their masters at facebook or some other virtual corporation or gaming entity or casino operator it's devastating bell as usual giving it to us very straight next live in london clubs a few thousand miles between us because that was quite something thank you very much indeed max for joining us you know on a sports thank you jim bell. well this free trade agreement suggests europe is not letting the revelations that u.s. intelligence targeted its leaders and citizens get in the way of business on the heels of the spying revelations that you complained about lack of trust so i asked economic analyst michael ross whether t

yellen is a former uc berkeley economist and former president of the san francisco federal reserve bank. assuming the senate approves she'll replace ben bernancke. >> the city of oakland just won a civil judgment against a group of fake immigration lawyers the city sued american legal services calling employees conartists. saying they just gave bad legal advice >> they charged high fees. they had the money they acted against the interests of the theys they had been asked to help. >> the bad advice tore apart families. so far, the city only recovered 200,000 of $15 million judgment. >> thousands of people heading to dallas to mark 50th anniversary of the death of president kennedy. a special commemoration will take place tomorrow near where he was killed. today, hundreds of people are already there, staking out their spot. visitors say it's a tragic moment in american history. >> i remember that dachl my generation is getting older there are going to be fewer of us that remember that. they won't estimate how many people are expected but did say he can security will be out in force. john

bottom line is when you have 80 percent of the money being created staying inside of federal reserve banksat's not going to create a lot of inflation, the massive inflation. it's when it gets out into circulation, and that might happen sometime next year. >> we'll see, because -- but what you're implying is those deposits get converted into loans, and it goes into the natural economy. keeping the rates at zero has proven in the past four years to be incapable. it's a terrible transition mechanism. you can't create loans if nobody wants them, so this policy might not be working, and it's broken, and it has worked for four years. i don't know it's imminent just because that pool is so big. liz: listen, we can't ignore bob's picks. the last time you were on the show you picked certainer corporation. it did extraordinarily well. up nearly 20 %. you're back with three more plays. okay. let's start with one that is widely held, very popular, and that's disney. why now at a time where people are a little concerned about say, for example, espn revenues that are coming in or not as quickly? >> well

federal reserve should worry about jobs at all. from democrats on the committee, they might be more interested in asking about regulation of banks, another role of the federal reserve. overall, she is expected to be confirmed. the main question is she's going to continue this policy, is it actually working? unemployment remains very high. there is a great amount of evidence the banks aren't using this money to lend, they are pocketing the money and making huge profits. that's why the markets went crazy when janet yellen's prepared statement was released, talking about continuity. she doesn't have the boldness some think to really deal with the unemployment emergency in the united states. >> tell us more about the woman. she obviously has a profile in the sufficient. she's probably clearly less well known outside the sufficient. she is ben bernankes deputy. how is she perceived in the u.s.? >> i don't think she i see received at all, really. sort of an incognito perception, i suppose. she is sort of invisible. she's been more of an academic expert in economics. she's held senior positions in the u.s., most currently the vice chair of the

yellen is a former uc berkeley economist and former president of the san francisco federal reserve bankssuming the senate approves she'll replace ben bernancke. >> the city of oakland just won a civil judgment against a group of fake immigration lawyers the city sued american legal services calling employees conartists. saying they just gave bad legal advice >> they charged high fees. they had the money they acted against the interests of the theys they had been asked to help. >> the bad advice tore apart families. so far, the city only recovered 200,000 of $15 million judgment. >> thousands of people heading to dallas to mark 50th anniversary of the death of president kennedy. a special commemoration will take place tomorrow near where he was killed. today, hundreds of people are already there, staking out their spot. visitors say it's a tragic moment in american history. >> i remember that dachl my generation is getting older there are going to be fewer of us that remember that. they won't estimate how many people are expected but did say he can security will be out in force. john f k

former president bill clinton's council of economic advise discoers, president and cee of the federal reserve bank, and most recently as the feds vice chair. too understand the future direction of policy making for the country, how does it go to that? >> well, janet's qualifications the ones that you mentioned really went unquestioned. the focus was on the federal reserve, and what a chairman would look like. democrats brought up concerns about main street, they don't want to be wall street getting the attention of the federal reserve, and republicans talked about this long term stimulus. they have concerned that it will run away from run away bubbles. >> wouldn't somewhere the courage to actually prick those bubbles and make sure that we didn't create another crisis. know one that lived through that financial crisis would never want to subject another one to what the economy -- to what we're painly going through in the we covering from. and we have a variety of different tools that we could use if we saw something like that occur. that include tools of supervision. [and you would have the courage

bank. and the more recent crisis the federal reserve fulfilled the role of liquidity provider consistent with the classic discrepancies of walter. the fed not only to bank but seeking to stem the panic and whole sell funding marketer last resort facility to support nonbank institutions such as investment banks and money market funds and key financial markets such of those for financial paper and asset-backed security. in both open -- full stablization required the restoration of public confidence. three basic tools for rear restoring confidence are temporary, public, or private guarantee. at least to some extent morgan and the new york clearing house used these tools giving assistance to trouble firm and providing assurance to the public about the condition of individual banks. all of these were used in the recent crisis. the united states guarantees included fdic guarantee of bank debt, the treasury department of money market funds, and the private guarantees offered by stronger firms that acquired weaker ones. public and private captain injections strength, the balance sheet. finally the st