to our committee to tell us that fed officials have regularly attended corporate board systemicallyhe important financial institutions under the fed's purview. is that true? chair yellen: i am not sure if that is true. >> you were unaware of any fed officials attending board meetings? chair yellen: it is conceivable that that might have occurred. i am not saying that it did not occur. >> is it did occur, what legal authority would you site for having employees of the fed invite themselves into corporate boardrooms? chair yellen: i don't know what the circumstances are in question, but i can for example tell give that when i was president of the san francisco fed that i occasionally would attend a portion of a board meeting of one of the firms we supervised to make a presentation to the board about our supervisory findings and the emphasis -- >> but you were unaware of any fed employees attending these board meetings? chair yellen: i really don't have the details about any officials. >> we would appreciate it if you could look into this and get back to the committee on this matter. we have also heard from

trillionll of $1.2 under the financial stability board failure. cameron's dilemma.the u.k. prime minister this hour as he tries to balance domestic and european demands to avoid a brexit. lonmin its shareholders for more than $400 million in a cash fall to stop rallies.

trillionll of $1.2 under the financial stability board failure. cameron's dilemma. we hear from the u.k. prime minister this hour as he tries to balance domestic and european demands to avoid a brexit. lonmin its shareholders for more than $400 million in a cash fall to stop rallies. of very warm welcome, this is "the pulse," live from london. i'm manus cranny. have a look at lonmin shares. they revealed they are hoping to tap up shareholders for $400 million in a rights issue. stocks are up as the south african miner sides value fall by more than 50% over the last month. let's go live to johannesburg. we have our bloomberg metal and michael reporter, -- metal an d miner reporter. this is a substantial cash ball to say at least. andre: good morning. yes. it is good news, and something that has been worrying the market for a while. basis?nmin find the good news as far as they are concerned is that they have found three parties to underwrite it. from that perspective they are safe for now. however for current shareholders, this rights issue will come at a 94% discount

estimates, say best you also said the prospect of banks inside china, financial stability board, how much do you worry about tom much bad stuff there is -- how much you worry about that stuff on the balance sheet? one can expect that some point there will be an uptick. we haven't yet seen it. credit,ease in private aggregate credit has doubled two times in the last five years. as the economy slows and as nominal growth slows, -- chinese nominal growth was about 20% in the immediate aftermath of the crisis. it has slow to just above 6% at present. that therexpect would be an increase in nonperforming loans and banks would have to adjust to that. >> are they measuring that correctly? >> they have to actually start not performing before you can measure it. i would underscore that chinese angst have a very strong capital -- chinese banks have a very strong capital system. it is a process of adjustment through the financial sector is one of the reasons that we feel like growth is going to slow. >> are there any other emerging countries that you are worried about? issuese are a series of -

that is the assessment of the financial stability board created by a group of 20 nations. they have published new rules to protect the global financial system from another clams. ññÑa ú] 11/09/15 11/09/15 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! a globala is now leader when it comes to taking serious action to fight climate change. frankly, approving this project would have undercut that global leadership. and that is the biggest risks we face, not acting. dead.he keystone xl is president obama has rejected the controversial pipeline. we will go to nebraska to speak with jane kleeb and across the bo

francine: we also have to talk about bangs after the financial stability board made it real. banks have to hold this amount of money. tom: isn't that a fact, francine, the swiss banks are ahead. everybody is chasing zurich, am i right on that? francine: you are right but they have much stringent rules and has been the last couple months. tom: do people know we're on speaking terms unlike me and vonny? francine: is that for real? tom: francine, how cool is that? francine: let's get the bloomberg first word news. >> good morning. there may an crackdown in the wake of the british plane crash in egypt. the officials say the crash was caused by a bomb. the u.k. secretary says higher levels of security may be needed and could be more delays in airports. in the u.k., government agencies say budget cuts. there is a plan today the treasury of the department that transports local governments and environments will have their budgets cut 8% over four years as part of an austerity drive, prime minister david cameron began in 2010. the world's biggest banks are avoiding a lehman brothers c

the financial stability board estimates that the world's biggest banks would need to raise $1.2 trillionevent another round of bailout. as a former director of the treasury department's office of financial institutions policy under president obama. so you are familiar with all these rules and regulations around this. why does rewriting the contracts make a difference? >> you have to go back and remember the dodd frank. there was a provision that gave them a one-day save on these type of contracts. bill, weinished up the recognize it does not always work for multinational corporations. in u.s. the provision law but it does not stop counterparties in the u.k. or asia from seizing collateral. and we saw this during the lehman brothers crisis. >> everybody started seizing collateral and it accelerates the demise of the entity. a variety of government start looking at how to solve the problem. they begin by looking at legislation is hard, but start with the biggest dealers and see if we can get an agreement to repapered the transactions with each other to agree that there will be a stay. the

announced they're going to spend hundreds of thousands of dollars to go after the new consumer financial protection board. >> they call it cfpb, washington's latest regulatory agency, designed to interfere with your personal financials. those who need help the most are denied. >> that's a board that exists only to protect americans from unfair and deceptive business deals. why would anyone have a problem with that? >> howard dean, did you see a winner last night's debate? >> i am a little bit of a believer in donald trump these days. so i think donald trump -- i mean, i am. i obviously don't support him, but he has defied every prediction that any of us have made. >> are you just -- now, are you just a democrat rooting for him to get the nomination because it will be so easy to beat him? >> i don't think it will be that easy to beat him. i think anybody thinking that is making a mistake. but we see these debates and we think trump didn't do that well. i don't think it means much. we'll see what the polls show monday and tuesday when they're all in. cruz and rubio are making a good show of it. >> michael

. >> collaboration of the financial plans association certified financial planner board of standards,sonal financial advisors. now, the coalition is trying to educate policy makers, and consumers, about the importance of advice that is in the best interest of the client. and i'll tell you these effort may soon pay off. the department of labor next on my list of thanks, it is expected to finalize rules that would require financial advisors of all retirement accounts, to put customers first, i think it will survive. to learn about the investment tools and the blogs i'm grateful for go to jill on money. com. how is that for thanksgiving tease? >> i adore it, won't see you on thanks giving so have a great holiday. >> thanks, and happy thanksgiving to you, too. >>> well, in a world where christmas ads start at halloween, no surprise to see cyber monday deals start sunday of course, right? that's when wal-mart says you can find sale prices hours before midnight monday. the retailer hopes to cash in on on line shoppers eager to get their holiday spending started. >> meantime, targets' rollin

and secondly, the consumer financial protection board is making some rules on this, and so is cms whichs overseeing medicare and medicaid, and they are doing it on the nursing homes. we are seen some terrible things where the people are dying in the nursing homes, and their children have to go to arbitration, and it is really not going to matter wa what the facts are, but they decide for the nursing home. so there are promulgations in the cme and the cmbf that are helpful. >> and let me ask you about the current state of presidential politics. >> sure. >> the great secret is out that at a democratic fund-raiser, because you are working hard to make sure that the senate turns over to the democrats next time the around. you did an impersonation of donald trump, and you wore the hat saying make minnesota great aga again, but you are not releasing the videotape. >> all right. you are conflating two things. this is not at a political event, but it is for the minnesota business partnership, and they do a once a year light-hearted dinner and i did a video for them, and that is, if you have a p

in april of this year the board asked him to resign from the board after it was alleged he may have been involved in financialies. the board in fact has stated that mallya has not heeded the board's request to step down as director and chairman and that they may be forced to ask shareholders to vote against him. -- oks like the board has mallya has refused to step down as chairman and we could hear more on that and he is continuing to maintain until he hears from the shareholders he is not likely to take that step. >> thank you very much indeed. a man under pressure at the moment. a few weeks to go before he finds out his fate. that's it for "talking business" and "asia edge" is coming up. we'll recap the big stories of he day so far. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: "our brand is crisis" is the new film from director david gorden green. sandra bullock plays jane bodine, a political strategist who comes out of retirement to help reelect an unpopular former bolivian president. "vanity fair" calls the movie "an arresting, quickly -- quirky film -- a character st

betty: thank you so much, vonnie quinn at that is desperate today, the financial stability board, a group of finance ministers advice and backed by the g-20 released its plan to prevent bailouts of large international banks. that would include increasing the amount of money they would need to raise to avoid a lehman brothers-like failure. exactly the main point of this plan here. >> the main thing is if you plosser mind back to the lehman moment and the bailouts that followed, what was being bailed out with the bondholders. the guys who own the senior debt that funds the operations with international banks. if you make them lose money, you got a make depositors lose money. we will change that around. if bondholders can be forced to lose money without us having to bring in depositors, you guys can keep an eye on this. betty: ok, so they are basically asking is banks, what, to put bondsa certain amount of -- raises an amount of money to debt, putn that -- into equity, which can be used in a veiled stereo -- bailout scenario? john: you are funding the operations of this lender, you are a cre

officially, from the financial stability board this morning, defining total loss absorbing capital foris a whole now, depending on how you measure it. the whole could be enormous or it could be not so in august. either way, all of these banks, american, european, british, chinese are going to have to raise debt capital to meet the demands placed upon them by the fsd. how much of a weight will this be on the global economy? and foremost, i think regulators are still fighting yesterday's work. to be worrying about banks today at a time where they have delivered, and especially if you look at u.s. banks, have been very conservative with their lending policies, is not serving the public good to restrict banks further. i think it is a negative. i do think we have reached the , this is the absolute bottom in terms of why investment -- investors shouldn't like banks. from now on, we should be more optimistic. erik: i am impressed by what the fsb tried to do which is to answer the question i posed to you. how much is this going to cost? the fsb says able raise borrowing costs or everybody in .

board room. i'm going to read a quote from the "financial times" august 2014. that said, fed officials are also involving themselves in the kinds of decisions the company management or board of directors usually make. including whether employees should be fired or disciplined. which has been surprising. miss yellen, do you support this type of activity, notwithstanding that you said it's not the policy, but do you support this type of invasive participation by the fed? would you approve of it? >> well, when there is wrongdoing as we have seen, for example, in the liber fx scandals, it is appropriate for us in addition to leveling fines to try to identify individuals who are guilty of wrongdoing -- >> as an ongoing process, do you think it should be a matter that the fed, for example, should be opining on human resource decisions and so forth inside the board room as was quoted here in "the financial times"? >> so -- i'm sorry, what exactly did they quote? >> well, they just said that they were including whether employees should be fired or disciplined. that was

there's also financial help for room and board and books. the school's mission, to provide a top notch education for bright students from low income households. many, the first in their family to ever attend college. >> if it wasn't for barea, i wouldn't be able to afford college. >> i always thought hey, my parents don't make a lot of money, i won't be able to go. >> it's cool to do something and break that pattern for my family. >> i see more job opportunities, opportunities to get out of our social class. >> to understand how this is possible, let's go back to 1855 when the college was founded by a christian abolitionist. the first college in the south to welcome women and black students, diversity remains a cornerstone today, so does something else. every student must work, at least 10 hours a week at one of 130 different campus jobs, from high tech to low tech to everything in between. >> initially that was just to provide income to students and to lower the costs of running the school, and now we've realized it's a powerful learning op

financial improprieties. a whistleblower said the board chef had 500,000 or paid 500,000 to a former staffer whose health was failing. according to the "san francisco chronicle" they will look at financial statements from two years with complaints saying she ordered a check cut for the aide without the required approval. >> the warriors are off to the best start by a team since dallas won the 14 games in 2002. last night they wore the throw back uniform in a tight game against the raptors and steph curry got 37 points and the three-pointer with only five minutes gave them the lead for good. the raptors guard laurie was called for offensive foul with 15 seconds and green stopped toronto's final shot as the warriors defeat the raptors 115-110. the all-time best start of 15-0 set by washington in 1948 and matched by houston in 1993. the warriors will next take on clippers in los angeles tomorrow night. >> two good teams. quite the showdown. >> it will be a physical matchup. >> there is a battle brewing. we are warmer this morning than yesterday, oakland and the pent that, a little bit cooler in san francisco two

for more on the ecb stay tuned because we'll be bringing you the board's financial stability review. that should be out at 10:00 a.m. this morning. so in just a couple of minutes. and the ride sharing giant uber has a valuation of more than $50 billion. can you believe it? net revenue expectations north of $2 billion and that's been achieved within six years. $50 billion valuation in six yea years. we spoke to the head of operations as part of our tech transformers series and asked them about our strategy. you can check out the interview if you head on to our website. they're doing all kinds of things. they're delivering puppies. i wouldn't mind puppies. strong words in the aftermath of the downing of a russian plane by turkey. we'll talk more about this. find us on e-mail worldwide@cnbc.com. see you after the break. >>> welcome back: president putin says that turkish leadership supports radical islam. but turkey's president denies that the downing of a russian fighter jet was a direct provocation as they scramble to deescalate the tension. >> we don't have any intention to escalate

board. financial institutions and insurers and consumers all over the world so i think the price rise reflects that positive market sentiment and it's good for our company. >> as in you benefit from the volatility. >> we don't benefit from the volatility. the volatility is a negative thing for us because people are using our platform to make payments so they don't want the underlying asset to be volatile but it's good in the sense that number one we need a higher market cap to facilitate more payments and it's a good positive overall sign for the ecosystem. >> there you have it. that's peter smith. the ceo of block chain. the largest wallet for bit coin but a lot of uses beyond the currency as well coming from block chain. back to you. >> thank you for that interview. still to come on the show, bill ackman's terrible year has just gotten even worse. details on his latest set back coming up. and we'll leave you with a look at how futures are trading ahead of the open on wall street and a softer start to the trading day. the dow jones off by 28 points. nasdaq off by 5. s&p 500 seen off by 4.5. >

john: when you say best estimate , the prospect of banks inside china, your head of the financial stability boardyou worry about how much bad stuff there is on the balance sheets of chinese banks? mark: anytime you have had a sharp increase in credit growth as you have in china and more broadly in non-japan asia, one can expect at some point there will be an uptick in nonperforming loans. we have not yet seen that. the increase in private credit -- aggregate credit in china has doubled to more than two times gdp in the last five years. --the economy slows in china chinese nominal growth was about 20% in the immediate aftermath of the crisis and has slowed to just above 6% at present. debt dynamics get more difficult so one would expect that there would be an increase in nonperforming loans and banks would have to adjust. john: do you think they are measuring correctly? mark: i think the issue with nonperforming loans is they have to start not performing before you actually measure. it is more perspectives than actual. chinese banks have a strong capital position. i think chinese authorities are a

financial outlook. the regional transportation planning board will hold the monthly meeting today. it expects to get an overview of the service and ridership and capital program. they will set up an independent metro safety commission. >>> another big day for metro tomorrow as it hopes to have a new leader in place. they will introduce paw wefeld as the new manager. all that's left is the final vote and final contract. he met with the virginia and d.c. officials. >>> today mayor bowser will celebrate the opening of engine company 22. the ground breaking begins at 11:00 a.m. >>> the 2015 wine tourism conference begins today in virginia. wine industry experts from around the world will be in l d loudoun county for the next two days. the conference shows virginia's important and growing role in the wine tourism industry. >>> chuck says the chances for rain could start in just a few hours. live look outside for you this morning. union station. you see there in the distance. right now the wind is whipping a bit on the flag in the foreground. chuck will let you know if you need an extra

the financial stability board. >> how would you measure success in this approach? do you think what you're doing is working now? because we haven't seen the measured success that we would participate like to see in terms of being able to attract companies. >> i think we have seen success. we have a much safer and sounder financial system and other countries are also raising the standards that they apply to their large banking. >> the time of the gentleman has expired. the chair recognizes the gentleman from minnesota. >> i thank the ranking member and the chairman. thank you for being here chairman yellen. i really appreciate it. we had this big debate yesterday and the votes today on whether or not the $50 billion designation is the right metric for the designation. i'm sympathetic to changing it but i didn't vote for either one of those proposals because i feel that after there's a big crash then we regulate and then before the ink is dry we are all trying to change it suddenly. and is it good or is it bad? so what i want to see when a proposal comes back to chan

i was chairman and ceo of a holding company, managing a fund, set on boards, and as a , financial risk, operational risk, credit risk -- i was always intrigued by the overall challenge of competing and managing risk better. i spun off on my own and looked at cyber as an investment theme. , and my own capital outside capital is still with me today. we set up a public and private investment vehicle and started investing in cyber security. early investments was in a company that had just come out of bankruptcy, bought the company for $10 out of bankruptcy, and they were the ground floor of this building. very disheartened faces. they had just gone to the ringer soecond grade management, after we continued to invest in the business. , symantec bought several companies. i thought we were in a great place and got more engaged. of idefense.ceo ,ery high level threat related so built that business and sold it in 2005, invested in other businesses, than when i took a step back and decided what i wanted to do, i realized threat intelligence was the least common denominator of the industry. natio

roberta johnson heads up isu's office of student financial aid...she's also on a national board that oversees one of the federal loans available to students. right now, there are several types of federal loans and repayment plans... she says streamlining all of them to one or two options could be untimately end in a more financially savvy decision. but for now, she says approach higher education like a 55:01 critically about their options making sure that its something that once you're committed follow through with." and that's something adam carroll echoes... (text over video.. "millenials 50%of workforce by 2020) according to pwc... millenials are poised to make-up over 50% of the workforce within 5 years...he says the country cannot afford to have an entire generation held prisoner by debt. 12:31 (adam carroll) "our goal is to have the college conversation at kitchen tables and high school classrooms and get students thinking about how much will i owe if i pursue this degree went to community college or chose an apprenticeship instead." he adds there is a silver lining...more and

auditing a museum and lie john of honor in san francisco because of possible financial improprieties a whistleblower said board paid nearly 500,000 to a former staffer whose health was failing. they will look at financial statements from two years. >> the aide was given a check without approval. >> and the warriors are off to the best start since dallas in 2002 and they wore the throw back uniform in a tight game against the raptors. steph curry had a game high of 37 points and three-pointer with five minutes gave them the lead, for good. the raptors guard was called with offensive foul with 15 seconds and the final shot was stopped, and no sir, the warriors defeat the raptors and the all time record of best start of 15-0 set by washington in 1948 and matched by houston in 1993. the warriors will take on clips if los angeles tomorrow night. >> it will an great game. >> great game. mike? >> good game because they are going to be battleing each other and going for the finals later. griffin is playing pretty good. 58 at novato and san rafael and look at mill valley at 53, tiburon is 52 and we have a cool spot, am

young professionals who may be interested many working for nonprofits or being on a board but they may not have financial means to do so or the time to commit, i think college bound champions is the right gown for them. so they get the learn, grow, >> all right. so let's let everybody know you week. so this is perfect timing. >> the event. >> thursday, december 3, in dorchester, so it's an opportunity for us to come out and meet these fun amazing people, but also get a chance the figure out what we're all about, what activities we'll be doing. everybody will get a chance to part of. >> so it's in thursday on dorchester avenue. and you're got to rsvp, so i'm hoping some folks will say hey, i saw you on urban update. before we move on, i want to talk about the impact this will organization has h. we have a couple photos that i think really capture the emotion of what happens during if whole thing. i love this photohere, because this is a mom and her son, and this is what it's all about. >> yes, this is generational impact. so this is not just about one life, this is clanging entire families and communities

financial improprieties. a whistle blower said the board chef and to a firm staffer whose health was failing. will look at financial statement from two areas. she ordered a check cut for the aide without required approval. >> the morning news continues at 6:30 with the top stories including break news from paris new details on the raids that have last two dead and seven people under arrest. >> workers refusing to work today in an east bay city and what it means for anyone trying to get business done. >> traffic and weather during the break and this is walnut creek traffic southbound 680 creek traffic southbound 680 with very ono off-days, or downtime.ason. opportunity is everything you make of it. this winter, take advantage of our season's best offers on the latest generation of cadillacs. the 2016 cadillac srx. get this low-mileage lease from around $339 per month, or purchase with 0% apr financing. announcer: if you'd give thanks for a bette[barks]'s sleep... sleep train has just the ticket. [train horn blares] during sleep train's "thanksgifting" sale save up to $300 on beautyrest, postur

roberta johnson heads up isu's office of student financial aid...she's also on a national board that oversees one of the federal loans available to students. right now, there are several types of federal loans and repayment plans... she says streamlining all of them to one or two options could be less confusing ...and untimately end in a more financially savvy decision. but for now, she says approach higher education like a business deal... 55:01 "so just think options making sure once you're committed to you can actually follow through with." and that's something adam carroll echoes... (text over video.. "millenials 50%of workforce by 2020) according to pwc... millenials are poised to make-up over 50% of the workforce within 5 years...he says the country cannot afford to have an prisoner by debt. "our goal is to have conversation at kitchen tables and high and get students thinking about how much will i owe if i pursue this degree went to community college or chose an apprenticeship instead." he adds there is a silver lining...more and more schools are recognizing this problem and w

financial outlook. the transportation planning board will hold its annual meeting today.the board also expects an update from v dot in establishing an independent metro safety commission. >>> another big day for metro tomorrow as it hopes to have a new leader in place. they will announce and introduce paul wedefeld as the new manager. all that's left is a final vote and contract approval. he met with them yesterday. they were impressed with his proven be ability to lead and his background in transit and aviation. >>> maryland is a step closer to building a new light rail. they have four proposals from private companies to build the pufrple lin purple line. mta would own the line but the company who builds it will be paid a monthly fee for operating and maintenance costs. state officials hope to make a final selection by february 2016. >>> the montgomery county council just passed a bill that protects anyone looking to buy a home. it requires homeowners to test the home foray done before it's sold. new rules take effect in october of next year. montgomery county is the fir

roberta johnson heads up isu's office of student financial aid...she's also on a national board that oversees one of the federal loans available to students. right now, there are several types of federal loans and repayment plans... she says streamlining all of them to one or two options could be less confusing ...and untimately end in a more financially savvy decision. but for now, she says approach higher education like a business deal... 55:01 "so just think critically about their options making sure that its something that once you're committed to you can actually follow through with." and that's something adam carroll echoes... (text over video.. "millenials 50%of workforce by 2020) according to pwc... millenials are poised to make-up over 50% of the workforce within 5 years...he says the country cannot afford to have an entire generation held "our goal is to have conversation at school classrooms thinking about how much will i owe if i pursue this degree went to community college or chose an apprenticeship instead." he adds there is a silver lining...more and more schools are r

largest financial institution in huge swaths of the financial sector of our economy, i mean, they essentially now can exercise de facto control in the boardnancial institutions in america. one of the fears we have is that they are trying to use their monetary policy independence to cloak their activities in the regulatory sector, and that's just unacceptable. these are two different, two completely different functions, and we are fearful, particularly, for what is known as the stress test in the living wills that these are just absolutely opaque processes that totally defie the rule of law. one of our foundational principles, and one of the foundations of economic growth in america. nobody even knows what the rules are. it's like going out and getting a speeding ticket and never being told before or after what the speeding limit was. and then being told by the police officer you have to buy another car, and here's the route you have to take in order to avoid the ticket. that's not -- that's not smart. that's not fair. i think, ultimately, it's a drag upon our economy. >> and it almost seems like there could be a conflict of interest betwe

monson says the board was blindsided by city council and that may affect their decision for financial assistance. 3 "we've never had a discussion that's ever come close to two million. we haven't had a discussion about the amount we might give. i'm quite fearful that the mayor pushing the issue may have reduced that quite a bit, maybe to nothing. they need to communicate with us." 3 the board expects a presentation from the new ag expo building, but has not it. 3 3 <

financial group. public records show she also donated $500 to governor branstad's campaign in 2010. the final board member is nick wagner. he lives in marion. he is a republican who also served in the house of representatives, he represented part of linn county. wagner used to be the director of quality management for the esco group. he's an expert in diesel generator control, facility energy and efficiency audits, and building control. i asked the spokesperson for the iub board about how they would go about making their decision about the pipeline, this is what he said: "the board will make its decision based on the applicable state law and the evidence in the record of this case." that means they'll look at all the complaints against the pipeline, the support, and what people have to say at the hearing on thursday. but don't look for a quick decision, the board can take as long as they want to make up their mind. from the digital media center, amanda krenz, local 5 news, we are iowa. jack: this controversial topic has spread to the presidential controversial topic has spread to the presidential t

board with this deal. there is still discussion about financial incentives and recompense for poor countries and what theyuld have to do to get their carbon emissions down, but it seems like on the basis of our reporting, our reporters who are over there, who cover this issue, they are confident a deal is going to get done. the question about whether that will make a dent in the carbon emissions, i think, is way down the line. i think we will walk out with something obama can say, this matters to me a lot. this is part of my legacy. i got something my presidents could not. mark: too often, president obama is accused of not doing anything because he cares about his legacy. i think on this issue, as far as i understand it, this is an issue on which he has talked more personally to more world leaders the most other issues and that makes a difference. [bell rings] deep dive.xt, the what is going on in syria and what it means for the 2016 foreign policy primary. we will be right back. ♪ tonight, airst guest longtime advisor to republicans -- currently the advisor to speaker of the house paul ryan. he is also t

at the big board today, synchrony financial celebrating its separation from ge.e talk ed ed to keit sherin on the show yesterday. at the nasdaq, intuitive surgical, we'll talk to that company's ceo in less than an hour. >> had a nice comeback. you have to be impressed by that i'm impressed by intuitive surgical as i am valeant which has turned its around. >> turn itself around? what you are talking about? >> it is up. it was down earlier. if i go to valeant's headquarters, does it say hedge funds live here? >> i don't know that they own it anymore. >> no? >> i don't know who owns it. >> the stock wouldn't be at 70 if nobody owned it. >> value act owns a decent percentage, is percentage. >> anything can bounce. >> we didn't mention fairchild semi. 20 bucks a share for fairchild semi. a company with storied roots, gene kleiner, back in 1957. it was part of national semi, got spun off again. bought, 20 bucks a share. the transaction expected to be immediately on semi. >> leadership and power semid e semiconductors. top ten player, a lot of people think you need scal

there's also financial help for room and board and books.chool's mission, to provide a top notch education for bright students from low income households. many, the first in their family to ever attend college. >> if it wasn't for them, i wouldn't be able to afford college. >> i always thought hey, mike lie parents don't make a lot of money, i won't be able to go. >> it's cool to do something and break that pattern for my family. >> i see more job opportunities, opportunities to get out of our social class. >> to understand how this is possible, let's go back to 1855 when the college was founded by a christian abolitionist. the first college in the south to welcome women and black students, diversity remains a cornerstone today, so does something else. every student must work, at least 10 hours a week at one of 130 different campus jobs, from high tech to low tech to everything in between. >> initially that was just to provide income to students and to lower the costs of running the school, and now we've realized it's a powerful learning opp

the company slipped into three and hancock says, no, it does not make financial sense. he and the boardt had considered this on a number of occasions. easily, they considered the but up that carl icahn proposed into property and casualty to life in shirt and a mortgage insurer. he says it does not make financial sense. he says we will meet with carl icahn and talk to him about what he has or what he thinks to further share our conclusions and give him an opportunity to elaborate on his views. pretty clear that aig is saying, we will not do this at this time. david: thank you. we will have more updates because it sounds like the battle is joined. julie: without a doubt. david: they will be going to shareholders. julie: good for peter for standing up. stephanie: they did not make him ceo for nothing. david: meantime, brendan greeley is with us. welcome. i was perplexed by this when they first phrased it, but explain it. i will walk you through it. i found a paper being presented at the european central bank this week. basically, it is once again shocking to discover how the economists kno

if fed is authorized to see a financial institution poses a threat, they have the ability to break up the firm. the fed can now occupy the board rooms of the largest financial institution in america. the monetary policy must be made clear and credible in its regulatory activities must comport with the rule of law and bear public scrutiny. to accomplish this the fed oversight reform, the form act should be enacted into law. reform accountability and transparency on the one hand and independence in the conduct of monetary policy on the other are not mutually exclusive concepts. the main reforms are as follows, the fed must publish and explain the strategy it is following. form act allows the fed to choose any monetary policy strategy or rule that it prefers and it has the power to amend or depart from that rule whenever the fed decides economic circumstances so warrant. whether the fed chooses to conduct monetary policy based upon the taylor ruled developed by john taylor or whether they choose to conduct monetary policy based on a rousing game of rock, paper and skisors, the fed will retain the unfeathered discretion to do it.

adam-will walk you through the financial discussion and then there will be the board action item. the structure of the project it's a 11 acre site surrounded by [inaudible]. the arena will be 18,000 seats. the leave 580,000 ft.2 of office. 125,000 ft.2 of retail. 950 parking stalls on second there's parking that were tapping into as part of a strategic strength rotation plan. then there's also 3.2 acres of open space this id. you could live in because it expends a lot of complexity of trying to scale a transportation plan for complicated enterprise like prn. which is er there's a lot of variety of frequency and volume in the arena. we talked and often about the warriors games which are big part of it. that's the highest glucometer acme 70,000 seats but it's important to understand that the scheduling of the year might be smaller that related to conferences disney on ice family events concerts. this would the arena is meant to be is a multipurpose entertainment and recreation destination for mission bay. now run you through a few visuals. you got the only major transportation to th

>> they protect perpetrators across the board because they have a financial incentive to do so.y to sue, and institutions want to avoid lawsuits. they pretty much do whatever they can to give them a slap on the wrist. >> what to expect if you are accused of a sexual assault. if you are found responsible, you may be suspended for one semester. suspended over a summer vacation. suspended for one day. given a $75 fine. given a $25 fine. given a warning. assigned a paper to reflect on your experience. required to construct a poster board listing ten ways to approach a girl you like. assign 50 hours of community service at a rape crisis center. >> any allegation of sexual assault is something that we at the university take very seriously. >> asu issued a statement saying in part arizona state university takes all complaints very seriously. >> the university says it's taking these allegations very seriously. >> we take these accusations very seriously. >> we take reports like this all seriously. >> they take all reports very seriously. >> james madison university takes the safety and

. >> the provost says it makes the most sense financially to focus on the program's most popular with students. the board of trustees will vote on the proposed changes and cut early next with -- next month. a lot of liberal arts degrees do not produce jobs. >> the hope is that if you get that job that you will be well rounded in a lot of areas for the rest of your life. you will have whole people and not just technocrats.>>> trying to being back the peace and quiet in a neighborhood. the problem is noisy planes. people have filed noise complaints. this is from years ago when the faa rolled out its nextgen program which allowed planes to fly with greater precision in and out of the airport.>> the nextgen program has certainly had an effect. i was say a negative one.>> congresswoman anne and shoots says that it has created a superhighway in the sky. she is created bills to address the noise concern. in the meantime, local government is trying to take care of the program itself. who is going to do that.>>> that's the same problem going on in san jose between the drivers and the rideshare services. >> driver