. >>> jack mcintyre joins to us talk more about household debt, the consumer, and the economy. he's the fixed income portfolio manager at brandy wine global. listening to steve liesman's report it appears we're doing better in managing our debt as consumers. why is that, and why are consumers doing a better jonathan before the financial ? >> you know, i think there's a couple of things. steve pointed out, i think first of all, i think lending standards have been ratcheted up since the global financial crisis. so it's a little more difficult to take on debt. but i think more importantly the debt is in the hands of the consumer that is in a better position to be able to service and pay back that debt. and the other part which i think is certainly as important, that debt, it's mortgage debt. it's going into housing. housing is an asset that should appreciate over time. so there will be some wealth created along with that. so i think the takeaway, it's gradual increase in debt and that it's not -- borrowing and people that are just overextended, the people that already have pretty

jack mcintyre with brandy wine globalstments, thank you. >>> the president of philadelphia federal reserve is ecing recent comments of other fed fi patrick harker said the central bank should raise interest rates at the next policy meeting in june. that is unless there's a shift the economic data between now and en. he added that hcan e see thr.to three more interest rat >> uate to a potential merger that wven reporting on. monsanaste behr's $6 billion offer, calling it "financially inadequate." monsanto's ceo said theni offer failed to address ncg andulory risks. however, the world's largest c isn to continuing talks. behr says it's looking forward to gaining in constructive discussion. shares of monsanto cedore than 3%. >>> the deal news hewlett-padil s off it with computer vices business scieescorporation. the combination crees a company with $26 billion in an revenue, expected to deliver $8.5 billion to hp enterprise shde separately, hewlett-packard enterprises which is itself a spinoff of hewlett-packard reedng in line with wall street ess. shares of sharply in after-hour trading on n