see you around, giulia maria: the federal reserve raising interest rates for the third time last month. wall street had been expecting at least one more rate increase this year. we are expecting that to happen in september. but earlier this year federal reserve chairman janet yellen said the fed is ready to scale back on its rate increase if inflation is soft. why is this so important to janet yellen. and when i asked you during the commercial break, we are not sure. jim: pressed for it when she was president of the san francisco federal reserve bank. this number is tacked up on the wall as if it were handed down from on high. 1965, there was not one year in which the rate of inflation reached 2%. 70 basis points. .7%. so now days that would be the grounds for kinds of a panic, right? deflation, 1930s. so what is it that changed? for one thing we are more encumbered more debt. they think we need inflation to help us pay our debts. but we never say that. it's the intellectual dishonesty of this monetary policy that most rankles me. maria: we are out of the throes of the recession, the f

see you around, giulia maria: welcome back. the president is overseas and the house is on recess. massive promises from the trump administration that investors are counting on, tax reform and healthcare. mark mobius is with us. you said healthcare will be hard, but you expect some reform fun it's just tax cuts. mark: i believe that will boost the economy to a great extent. maria: mitch mcconnell wants to save money by doing healthcare first. but you think the tax reform package will be lower individual taxes and corporate. that spurs behavior? mark: exactly. in the long run it will bring more money into the economy and tax collection at the end of the day. maria: tell us how you invest in the u.s. you invest in companies that had significant exposure to emerging markets. >> a significant number of companies have exposure to emerging markets. over 50% of the earnings are in emerge knowledge markets. you are seeing the increasingly, this is the case. maria: should they be identifying those companies that have a significant amount of their earnings in the growth hotpots? >> this is s

see you around, giulia maria: let's look ahead at the big market events next week that could impact your. on the economic front we have economic reports coming out. existing home sales. all due out in the week ahead. the fomc statement is also out on wednesday as wall treat looks for any signs of when the next rate hike will come. we are probably expecting that in december. among the big names reporting. alphabet. at&t, caterpillar. coca-cola. facebook. it will be a big week. we'll talk about telling and why it's so hot right now. she'll tell us what public companies are doing and what she is seeing in the private market. join me for our special programming and have a great weekend. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to s

see you around, giulia ♪ maria: it was another big week for technology and am is reporting earnings as the largest technology companies and collectively they have a mart value of better than $3 trillion. they have been leading this market all year. ann winblad weighed in. ann winblad: these companies are quite large. we noticed a lot of big moves. microsoft bought linkedin. and i think we'll see more acquisitions from these companies at that scale. we noticed a big acquisition by amazon in process of whole foods. these companies in order to move their needles have to think big as well. they are also investing in small come any. google was one of the most of prolific investors in small come any making small bets on a distant future. microsoft last year created an investment arm. apple does not have an investment arm. amazon has an alexa fund where they are investing in internet companies to complement their amazon ecos. so that money is going multiple places by all of those companies. maria: we talk about these top technology companies a lot because they just won't quit wet were it's am