health and more we are pleased to be joined by john gray's the founder and president of investors financial corp hey john welcome thank you so much for being here that going to be fun what's driving these global markets do you think. hey john can you hear me what's driving these global markets well interest rates for sure cheap credit for sure the quantitative easing has put us in the place where we are so those are the primary drivers and of course consumer spending that's seventy percent of spending of g.d.p. in the u.s. of a i know what it is elsewhere but that the consumer doesn't spend the markets can't go up because there will be no profits and john in the u.s. market we've seen some very positive earnings report among the program and those are reflected in the markets but you know what do you think is driving sort of these overall buoyant numbers other than the earnings reports what's the underlying line there is the economy just doing better is it tax cuts what do you think. people earning money and as you know it's expensive to live so people have to spend baby spend so that's good for

advice we hope you come back to talk that's john grace the founder and president of investors financial corp thanks john have a great weekend but it's part due to. and now manila chan looks at airports which were once used by a broad array of consumers now there are some select airports dividing lines and the so-called one percent is getting some super special treatment in places like los angeles london here's manila. the airport was once the great equalizer where the rich the famous the poor and the average all waited in the t.s.a. line to get patted down and have their personal effects rifled through. but now that's all about to change for the one percent luxury is back in a big way ten years after the financial crisis of two thousand and eight and americans are back at it what better way to return to the days of excess and convey your wealth than to bypass the ninety nine percent at the airport and be whisked away to a private suite as you await your commercial flight that's exactly what's happening at l.a.x. and other high profile travel hubs like london and dubai where the rich and famo

health and more we are pleased to be joined by john gray's the founder and president of investors financial corp hey john welcome thank you so much for being here they're going to be fun what's driving these global markets do you think. hey john can you hear me what's driving these global markets well interest rates for sure cheap credit for sure the quantitative easing is put.

progressive is down nearly a percent and flip it over to cna financial corp. we can see that cna is up 1.5% american international corp. and when you see some up some down we still don't know what the damage is going to be so american international group is catching a bit here up nearly 2%. well the wrath of florence is expected to last for days as the hurricane category 1 hurricane comes ashore creeping pace of just six miles an hour. it's not just the flooding that has residents concerned but the power outages for more than half a million residents in the carolinas, take a look at this transformer exploding. you can see it flashes a green light after the sparks come out, so we gave you the number 634,000, without power but remember, that duke energy which is based in north carolina had said to us with 4 million customers they do estimate one to 3 million people could lose power but they also said they've got 20,000 workers ready to move into fix this and restore power though it still could take weeks so while duke deployed more than 20,000 employees ready to

our financial correspondent daniel corps pass been following the story for us at the frankfurt stock exchange hi daniel it's good to see you know let's head back to the time when oprah was actually sold to post a trend there were many fears their factories or the factory in germany specifically would be closed isn't this what we're seeing right now a really bad sign. well hi there have you know what i can tell you that the open line is that's how they're called here and germany they have a job guarantee actually with p.s.a. until the year of twenty twenty three but still this new is not creating good spirit among the employees we are her hearing that their work or council now wants to have talks with the management and there could be even more problems for the employees from october on because we're hearing that in the factories of eisenach and also in one of the polish facilities there could be also forced reduced working hours so yeah this fear is there right now is not very good. for the employees but let's take a look at investors because the performance of the company has been b

corp. dead could trigger the next global financial crisis. all the money that was borrowed has to be paid back if interest rates go up repayment will be more expensive and may have to be countered financed with a new jet if that gets compounded by an economic downturn many companies could find themselves in a tight spot. consult my free face joins us now mark has the corporate world been lured into a false sense of security by a whole decade of low interest rates consumers as well or are they taking advantage and making the most of good times. both i guess but absolutely this is the financial bubble which is created in the last couple of years and it's a very dangerous course one day there will be a recession there will be a downturn and then the companies will have big big problems and this is in the horizon. what sort of horizon and you talking about i know you've you've written books about the next crisis being just around the corner what makes you say the next crisis could be coming very soon oh if you look at the financial interests see

visit ncicap.org] [captions copyright national cable satellite corp. 2018] >> 2018 marks the 10th anniversary of the financial crisis which saw the collapse of the u.s. housing market and brought the country close to a second great depression. tonight at 9:00 eastern, we will show you what government officials were saying during the month of september and october a recentollowed by event featuring some of the fit same officials. they include henry paulson, who is the treasury secretary under president bush. here is a preview. a recent event featuring some of the fit same officials. >> morgan stanley's liquidity had been bleeding away. john mack was on the phone with .e sunday night i was in my hotel room, got on the plane and flew back to washington and john was saying, i do not know how long will live. , you know, ik found myself standing up in the white house press -- pressroom. and i said, there is not a single power these united states of america has that will save the disintegrating investment bank. we did not have the authority to do it. i think morgan stanley would go immediately. i was my judgment. i

corp. 2018] [indistinct chatter] . [indistinct] 2018 marks the 10th anniversary of the financial crisis which saw the collapse of the u.s. housing market and brought the country close to a second great depression. tonight at 9:00 eastern, what government officials were saying in september and october 2008, following a recent event with so of those same officials. henry paulson, treasury secretary under president bush. here's a preview. liquiditystanley's had been bleeding away. john mack was on the phone with me sunday night. i was in my hotel room. i got off the plane and flew , and johnshington mack was saying, i don't know how long we are going to live. the shorts are going to be all around us. up inound myself standing the white house press room, and i felt like, if i said, guess what? there's not a single power that the united states of america has that will save a disintegrating investment bank. we did not have the authority to do it. i think morgan stanley would have gone down immediately, and that was my judgment. best so, i tried to put as good a fake -- so, i tried to put as good a face on it as i possibly cou

visit ncicap.org] [captions copyright national cable satellite corp. 2018] >> forum on the 2008 financial crisis taking a break now for lunch. the forum will pick up again at 1:00 p.m. eastern with a speech from congressman jeb hensarling. he chairs the house financial services committee. that will be live here on c-span starting at 1:00 p.m. eastern. earlier today, officials with fema and other federal agencies provided an update on hurricane florence. we'll show you as much of this briefing from fema headquarters as we can before the american enterprise institute forum re-resumes. >> good morning. i work with noaa's national weather service. at around 7:15 this morning, the center of hurricane florence made landfall at wrightsville

satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] watching a batch from 2008 financial crisis featuring treasury secretary henry paulson, the reserve care -- chair ben bernanke, and tim geithner. they sat down recently for a discussion with the new york times financial columnist. >> ladies and gentlemen, good morning and welcome to the brookings institution. i would like to welcome you to be here today for a very important event hosted by our hutchins center for fiscal and monetary policy. the hutchins center's mission is

financial -- >> [off mic] >> i want to thank everyone for their patience this evening. and i really want to thank dudley. we are extremely lucky to have a partnership with the corps of engineers. from washington to san francisco. it's because of dudley and all of his work and all his effort we were able to get where we were. especially with the meeting n.d.c. he got sick and couldn't join us with, but he had us well prepared. from that we got selected. we are so fortunate and so fortunate to work with such a wonderful team and i know this is just the start. i know there's more to come. so i am definitely looking forward to the study and our next steps to secure our seawall. >> all in favor? aye. >> resolution 18 46 has been approved. >> item 13 b request approval to amend contract number 2790 marine structural project iv with power engineering construction company to increase contract amount by $3,211,575 to include the pier 29 sub structure repair scope of work, resulting in an amended contract amount of $10,045,000 and authorize a contract contingency fund of 10% for total authorization of $11,049,500. >> commissioners, thank you for your time today. i hope i'm

corps station cherry point. a number of local officials were on hand to greet him along with fema administrator and others. in that particular briefing the president seemed focused on financial areas of things i in terms of the relief needed because of damage from florence. >> we're teeing up a lot of money to come down to the area. you will need it and we have it and we will be supplying it and there will be nothing left undone. you will have everything you need. reporter: so when that briefing wrapped up the president headed over to an area in north carolina, new bern, so hard hit by florence. we have had a lot of coverage from there the last week or so and he first stopped by a church and was handing out some meals. we were told 1200 meals handed out from that particular church. he took a neighborhood tour in new bern, stayed on the move, hopping on marine for a helicopter ride in south carolina, where you said he is now. he toured a flood-prone area there as well, conway, which was hard-hit by florence. it has been hard-hit by number of storms over the years. he received a second briefing. part of that he said to the people of south carolina, things may get worse next tw

financial counseling when they accept federal loans or pell grants. live coverage of the house. [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] the speaker: the house will be in order. the prayer will be offered by our chaplain, father conroy. chaplain conroy: let us pray, loving god, we give you thanks for giving us another day. send your spirit upon the members of this people's house the that they might balance different interests. help them to execute their conscience with clarity and purity of heart so all might stand before you honestly and trust that you can bring forthrightous fruits from their labors. we thank you in so many staff who have worked hard to assist the members in their work. may their efforts prove fruitful in the production of bills needed to fund the government and to a future to benefit our great nation. bless us this day and every day and may all that is done be for your greater honor and glory, amen. the speaker: the chair has examined the journal of the last