janet.e convencerla de que no se saliera de este pacto. tambiÉn lo hicieron otros miembros del gabinete y otros secretarios que ha escogido el propio presidente trump. dentro de los republicanos, y tambiÉn mucho apoyo por este pacto. sin embargo, hoy pareciera que el presidente no le ha prestado atenciÓn a su cÍrculo mÁs cercano y se ha ido con aquellos grupos de intereses asÍ que pues nada, la misma hija del presidente que trato de torcerle, de poder poner su granito de arena en esta discusiÓn, hoy parece que no ha tenido gran ventaja y el presidente habrÍa tomado otra decisiÓn. carolina: janet, y hablando de grupos de intereses. por ejemplo, escuchÁbamos recientemente que compaÑÍas tan grandes como exxon mobile le habrÍan pedido al presidente donald trump que para ellos era mucho mejor a la hora de vender sus productos, tener esas regulaciones. ahora, esto cÓmo va a afectar a la economÍa de los estados unidos? janet: serÍa un impacto grandÍsimo. las grandes petroleras de este paÍs han pedi

for janet to bring their son on tour.begins in september in louisiana. but when it ends, janet will be calling london home so they can more easily co-parent their son. >> she has 64 shows coming up, but she will spend the holidays here with her baby. speaking of babies where in the world are beyonce's and twin. and did president obama just give away the twins' gender? >> jay and i are also fools for our daughters although he'll have me beat once those twins show up. >> it had the beyhive buzzing, since obama has two girls, and beyonce only has one, the only way they'll get beat is if there are two girls. >> he's going to have me beat once those two twins show up. but it may have just been a confusing word choice. a source says he simply meant that they'll have more children than he does pretty soon. and here's another clue that baby news could break at any moment. jay-z was scheduled to attend that induction ceremony last night but he speculation is that he was at her side in the hospital. >> we'll be all over baby watch

z2cufz z16fz y2cufy y16fy s ♪ >>> tonight, janet jackson's 50-pound weight loss. "e.t."as new photos. she faces her ex in court. >>> exclusive details about her single life in london. >>> plus, was the gender of beyonce's twins revealed by president obama? j and i are doubters. >> plus what the bachelor in paradise is telling us about the scandal. >>> then, orlando bloom's response to katy perry ranking him as her second best lover. >> ed sheeran on his gaim of thrones cameo >>> and the tough love of mark wahlberg. for his teenage daughter. >> will you yank the phone? >> absolutely. that phone will be bye-bye. now, for june 16th, 2017, this is "entertainment tonight." >> thanks so much for joining us. >> kevin frazier is in london and that's where we're headed right now. >> i hi kevin. >> it's a picture-perfect day for the stars of "transformers" to hit the city. i sat down with the cast. i'll get to that in a minute. but first, janet jackson now calls london home. she just faced off in court against her ex. ♪ ms. jackson if you're nasty >> janet was all smiles, beaming

stronger, yen stronger, then janet yellen started speaking.the gains for the commodities currencies soften a little bit. brazil was the strongest emerging-market gainer after that weaker than expected data. had lost some ground this afternoon as janet yellen was speaking. here.ities a story very good characterization of the action. let's have a look at commodities. the big mover had nothing to do with the fed. that was crude oil. down nearly 4%. brent crude in a death cross. increase gasoline andntories, gold down, silver gaining. those are today's market minutes. "what'd you miss?" as we have been discussing, the fed forged on with an interest 25 basis points and maintaining a forecast for one more hike this year. the fed laying out its balance sheet roll up plan. economists it did not know whether we would get details. stayed at three hikes this year. 2017 headline and core inflation estimates revised down a little the fed saying it is monitoring inflation developments closely. joining us now is a professor at princeton university. he was al

but first, janet jackson now calls london home. she just faced off in court against her ex. >> janet was all smiles, beaming after an appearance in court. she's lost more than 50 pounds since giving birth in january. she and her estranged husband both appeared. the reason for it is being kept quiet. and the look was quite a contrast to the heavy sweats she wore in april while out shopping for her baby. her husband appeared subdued, looking at his phone. it was randy who could be heard off camera last night, when janet talked about getting in shape for our upcoming tour. >> i have put on quite a few since having the baby. >> more than a few? >> please be quiet, randy. nobody is talking to you. >> her husband has agreed for janet to bring their son on tour. but when it ends, janet will be calling london home so they can more easily co-parent their son. >> she has 64 shows coming up, but she will spend the holidays here with her baby. and what is going on with beyonce and jay-z's twins? and did president obama just give away the twins

donald trump and janet yellen really did not become best friends.l street journal came up here today with a story that maybe gary cohen, the top economic advisor of donald trump, might be a candidate to fill in, but not right now. she will probably finish her term, then there is so much more time passing until february 2018, when he next chairman of the federal -- when the next chairman of the federal reserve will be nominated by the president. javier: it will sure to be one of his friends. thank you for the analysis. killing an elephant to get ivory does not sound like a sophisticated task. but the groups behind it are smarter than we may think. a study by interval -- interpol says smugglers are using the darknet as a platform for transactions, and it is paying off. trading with wildlife is the fourth most profitable illegal business after drugs, weapons, and people. reporter: four decades ago there was still an estimated 1.3 million l.a. -- elephants in africa. today that number is down to 350,000. poaching is to blame. elephant tusks fetch high p

jan janet los departamentos del --janet en nuevas reglas que buscan ir los negocios de norteamericanosnet: la administraciÓn busca empoderar al pueblo cubano. junto al congresista republicano de la florida, se impuso y cambiÓ la polÍtica. >> pensar que hay que financiar a lo que reprimen al vuelo, es algo absurdo. esto es una polÍtica lÓgico, positiva y mirando al futuro. janet: sin embargo los primeros cambios que se hicieron bajo la administraciÓn de obama, permanecen. tampoco habrÁ cambio las remesas y a los viajes de cubanos americanos. [cÁnticos] el anuncio del presidente, desatÓ reacciones encontradas. >> es algo para apaciguar a los mÁs radicales y reaccionarios. janet: la polÍtica migratoria con cuba, tampoco cambia y trump, continuarÁ deportando a cubanos interceptados en alta mar. la propia casa blanca, admite que pasarÁn meses antes de que estas leyes entren efecto. ilia: el gobierno cubano reaccionÓ esta noche con un comunicado publicado en un diario. dice entre otras cosas que los anuncios de presiente trump, contradicen la opiniÓn pÚblica estadounidense. blanca: el discur

janet yellen will have a news briefing at 2:30 p.m. i am joined by my cohost tom keene and michael mckee. gentlemen, my initial thoughts are the economic data we got this morning was interesting, critical data that moved in the wrong direction. bondl sales and court cba, debt and core cpi, does it give the fed reason to adjust its characterization of the economy? michael: i would say the same thing. based on the way the market is set up and the death and what the fed has said going to the meeting, you figure they will still go ahead with a rate move but it raises questions about their forward guidance. wouldonomic projections indicate one more rate increase but when you get to september, if we still see disinflation and weak consumer spending, do they really want to go ahead question mark they will have a debt limit debate underway in the possibility of a government shutdown. it may change what they say about what will happen going forward the rest of the year. what will they say about the balance sheet. tom: i agree with that. i agree

hola janet, adelante!!adelante!!hola janet, votacion!! hola janet, adelante!! Éstas mismas familias de vÍctimasde crímenes a manos de emirates indocumentados. sin embargo, por el otro bando, los demÓcratas. especialmente el grupo de demÓcratas latinos que representanaquÍ el congreso y una conferencia de prensa, condenaron estas propuestas de ley diciendo que Éstas sean antiinmigrantes, que culpan a justos por pecadores, a inmigrantes que no han cometido ningÚn crimen. quedarÍan dentro de unos proyectos de ley. asÍ que hoy en el congreso, en la cÁmara baja, queda un largo terreno a correr. recordemos que el aÑo pasado, dÉle que fallÓ en el senado de los estados unidos y al momento en el senado no parecerÍa ver el apetito polÍtico para retomar estos proyectos migratorios. asÍ que ahora tenemos que esperar a que pasen, pero se espera que dentro de unas horas, las dos sean concretadas aquÍ en la cÁmara baja el dÍa de hoy. regresÓ con ustedes. carolina: te agradecemos con esa reporte en vivo desde la capital del paÍs. javier: bueno, y estamos conversando. es un dÍa

will janet yellen remain the fed head? that is -- trish: that is a very good point because, steve cortes, donald trump wasn't necessarily a fan of janet yellen's on the campaign trail. >> right. trish: and if you couple that what he said about her in the past with the fact that she is not necessarily doing him any favors here by raising rates right now, he might really be looking to replace her. what are your thoughts on that? could gary cohn be in the mix? any other names that you can think of? >> i think potentially, i'd love to see somebody like cohn, somebody outside of academia. enough of mit economists because they created a world by the way harmful to regular working americans. they have created in a sense ironically, donald trump you should appreciate janet yellen, because she created the kind of economy that led to his election. that is economy only rewards owners of assets which is very small slice of people to the detriment of working masses. how do we break outside kel? we're normalizing rates albeit slowly. wh

i think it will take a while, as janet said.ellphone issue -- usage, temporary decline in prescription drug usage. it takes a step down, then takes up again. i would like to see stronger wage growth. it slowed down again. the fed is going to say, this is millennial's. i talked to a bunch of firms, they are saying that is not the case. i would like to see more wage acceleration before we get there. a heatedhere will be debate about tepid inflation numbers within the fed. assume that does not happen, which is the first ago -- another rate hike, or that unwinding of the balance sheet? diane: i think we will see another rate hike before the unwinding of a balance sheet. another reason we will not see it in september, we are set up for an epic showdown over the debt ceiling. both democrats and republicans positioning themselves to fight it out. , the did cut spending other to raise it. this is not what the debt ceiling should deal with. it creates policy uncertainty, along with other had noise -- headlines the noise we hear from wash

janet yellen has been clear on that.rspective a lot of that is dependent on policy certainty including what we saw with a health care will. as you see a bit more policies from the trump administration you will see that investment coming through. manus: with the faltering of health care, does that we can your belief in fiscal reform because it has utterly changed the imf's perspective on the ability of trumps administration . they have removed fiscal stimulus from their forecast and downgraded 2% -- 2.1% and next are they have downgraded the growth forecast as well. they are shaky, are they? richard: these things will take time as i said. what happened yesterday was a setback that question. a lot of what the administration announced is ambition -- ambitious especially when you think about the tax reforms. iny need the short support the republican party. we expect tax reform will come in at some way next year. that is dependent on the health care bill. we do think these reforms will happen. it will take time. manus: that i

janet yellen is a dove. she is doing what donald trump wants to do which is marginally raise rates now and essentially say i'm not going to do it unless i have to. >> don't you find it interesting that donald trump said we should be raising rate and as a real estate guy i love low rates because people sign on to margin mortgages but now he said he likes the low rate environment. >> donald trump set all sorts of stuff during the campaign. one time he said ted cruz is old man might have killed jfk. the prerogatives of the job are different once i get into office he needs lower interest rates until he gets his fiscal policy through. if he doesn't get this fiscal policy through, then he better hope someone he puts in a fed chair is a dove and wants to accommodate because he's not going to have a lot of tools at his disposal. the thing is, the market is really interesting because you had bond prices spiking again. that really was the action. the bottom market said, were probably not going to get tax cuts this yea

janet rodrÍguez, univisiÓn.na reuniÓn secreta entre sessions y el gobernador ruso. vladimir putin dijo que algunas rusas pudieran haber pirateado correos durante la campaÑa. >> vladimir putin admitiÓ que pueden haber patriotas rusos que piratear una informaciÓn cibernÉtica de estados unidos. >> los hackeadores son libres, si son patriotas, contribuyendo de la manera que consideran correcta para luchar contra quienes dicen cosas malas sobre rusia. >> se burlÓ de las acusaciones de que estos piratas influyeran en el resultado de las elecciones de estados unidos. hillary clinton era la enemiga de los rusos por sus crÍticas como secretaria de estado en la campaÑa 2016. >> vladimir putin sabe que la evidencia va a salir a la luz mÁs tarde que temprano. lo mismo estÁ diciendo si esta persona son patriotas, lo mejor para rusia es el presidente trump. reportera: senadores demÓcratas pidieron al fbi que investiguen si el fiscal general sessions tuvo una reuniÓn que no ha reportado con el embajador en washington. si se de

sheet remains and why are yields falling so much today when they're hiking we'll get answers during janet yellen's news conference, we hope, live melissa? >>> i'm melissa lee. let's take a look at the markets and how we're shaping up now ahead of the key fed decision. the dow hit an all-time high with the s&p just points away from its own as you see here hogging the flat line in that 2:00 decision dow is flat up by 6 1/2 points s&p down by two. take a look at rates this may be the headline of the markets here, the yield on the ten year sinking to the lowest level since november 10. as for equities, energy, the worst performing secotor as oil falls on bear supply data. chevron and exxon dragging on the dow. financials falling ahead of today's fed meeting. morgan stanley, bank of america and citi lagging today brian? >>> thank you. we are going to get the latest on the virginia shooting in one minute even on a day like today we cannot forget our core mission on cnbc which is your money and the financial markets. do not forget the federal reserve will make an interest rate call in under one

what did we learn from janet yellen? hanging on for hanging on to their credibility or they believe inflation will creep up? the most interesting th ing she said about the balance sheet was this year. 2017, a lotetime in of people think because of the timing of their plan, this could start as early as september. beliefey do this, their is they will not affect interest rates at all. like watching paint dry, she says. it could substitute for raising interest rates in september. goingre is something else on in washington like a debt ceiling crisis or government shutdown. francine: it is unusual to have falling and rate inflation also falling. is the u.s. creating good jobs? michael: we are creating a lot but we arege jobs, also creating high wage, high skill jobs. there are a lot of openings in those high skilled jobs. we are creating the jobs, but not finding the workers. janet yellen talked about the need for additional trading -- additional training, problems monetary policy cannot solve. tom: i thought you were great in

janet: el presidente exhortÓ al congreso a respaldar las medidas.iÓn de derechos civiles dijo que estas leyes estÁn plagadas de violaciones constitucionales que ignoran los derechos civiles y humanos de los inmigrantes. el director interino de ice dijo que los indocumentados cometen menos crÍmenes que las personas nacidas en este paÍs. republicanos exhortaron a sus colegas que consideren las medidas lo antes posible, pero la batalla serÁ mucho más difÍcil. el aÑo pasado la ley fracasÓ en el senado. fÉlix: la batalla legal por los derechos continÚa. sacramento es otra ciudad santuario. el concejo municipal o ratificÓ y al igual que lo hizo en los angeles aprobÓ fondos para ayudar a inmigrantes indocumentados, la suma es de $300,000, que serÁn distribuidos en programas de educaciÓn y ayuda legal. un inmigrante de origen salvadoreÑo ganÓ una demanda contra el gobierno de san francisco por arresto ilegal despuÉs de que las autoridades violaron una ordenanza y recibirÁs $190,000. pedro fue arrestado en 2015 cuando visitÓ una estación de policÍa por un tr

janet rodrÍguez nos habla de los momentos de terror que se vivieron durante el ataque.ste vÍdeo se escucha la lluvia de balas que azotaba sin piedad a congresistas y a sus asistentes. los disparos comenzaron a las 7:09 de la maÑana. [habla en inglÉs] " escuchamos una conmociÓn y busque refugio", dijo este senador. le preguntaran a un representante si habÍa republicanos o demÓcratas den el campo. cuando confirmÓ que todos en el republicano, el pistolero abriÓ fuego. otro congresista y otro policÍa del congreso, recibieron heridas leves. los agentes de capitolio, devolvieron el fuego y policÍas locales que respondieron a la escena de minutos, tambiÉn contrata tan un poto el agresor fue herido y muriÓ en el hospital. en estas imÁgenes se muestran al congresista cuando era trasladado al hospital. las autoridades dicen que se tratÓ de un incidente aislado y ahora averiguan si las motivaciones del asesino, fueron polÍticas. >> estoy sin palabras al respecto, cÓmo sabes cómo ha pasado esto? janet: el legislador herido, es el tercero en rango de la cÁmara de representantes y un

one of the factors that led to gold dropping so drastically was the speech federal reserve chair janet yellen gave tuesday while in london she said we may not see another economic crash like we saw in two thousand and eight in her lifetime and beyond check it out which i see you will never ever be in those or financial crisis you probably would be going to four but. i do think we're much safer and i hope to do it will not be in order i don't believe it will be. my guest says that is outrageous he says there is no excuse for janet yellen so-called complacency thieve head of economics history of politics that kingston university joins me now thieve good to see again what do you make of that statement. i just can't believe it i mean that is so delusional it is simply going back to saying before the cross as i said no crosses could have. the only explanation i have for across this was a huge exultation a shock something from outside the economy like thing struck by media from new york or really really bad luck and just bad sort of economic numbers absolutely and i'll explain and then also

lord stern's sitting down with janet yellen on stage. from what we should be looking at from michael mckee. she is overseas and the flavor of it different from what we might see from janet yellen in the u.s.? michael mckee: perhaps more focused on central banking in general than specific conditions in the united states that a local might ask about. there's enough to talk about that i think she will make a news. anna: it could be a wide ranging conversation. i understand from the british academy, could be asked about regulation, economic outlook, global monetary policy and all of this within an hour. michael: you know what the market's want to know, when is the next rate move coming

mario draghi and janet yellen all spoke.aking to the british economy in london, yellen spoke no change. our global central bank watchers today. >> who doesn't love central banks? what are you talking about? [laughter] let's go to the boe. we are talking about some concrete action. that is in terms of raising capital requirements. clearly governor mark carney saying there is a need for a diet in terms of the u.k. financial system because of a credit binge we have seen from brexit accommodation. pop into the bloomberg terminal. i want to show you the borrowing boom the u.k. has been seeing. 10.3% the annual gain. it has hit its fastest peak since september. they are going to take out about 11.4 billion pounds from the system. they will increase the capital requirement. they will raise the capital buffer to 0.5% from 0%. if all goes expected, they will raise that to 1% in november. carney is keeping an eye on brexit talks. president mario draghi of the ecb is stressing persistence as well as prudence. take a listen. ghi: we can

janet: el representante es uno de los defensores de portar armas.icÍa del capitolio, el incidente no se convirtiÓ en una masacre mayor. segÚn las autoridades, el sospechoso vivÍa en su carro desde el mes de marzo en esta vecindad y muriÓ de mÚltiples impactos de bala . ahora pidan la ayuda de la comunidad para obtener mÁs informaciÓn del hombre. enrique: steve scalise, tiene 51 aÑos de edad y es un acÉrrimo defensor de la ley que defiende poseer armas. reportera: el congresista necesitarÁ más operaciones y continÚa en condiciones crÍticas. la bala que recibiÓ viajÓ a travÉs de su pelvis, daÑando los Órganos internos y causando sangrado severo . otros cuatro heridos, se recuperan de las balas que recibieron. el fbi, dirige la investigaciÓn y dice que se tratÓ de unn incidente aislado. publicaciones en las redes sociales, dicen que el asesino escribiÓ que trump era un traidor. dijo que " trump ha destruido la democracia". las autoridades dice que sospechoso del tiroteo, se encontraba en el Área de virginia desde marzo. ahora el fbi le estÁ pidiendo ay

stocks fell after federal reserve chair janet yellen spoke.uations are somewhat rich if you use some traditional metrics like price-earnings ratios. onould not try to comment valuations and those ratios, what to depend on long-term interest-rate and there is uncertainty about that. valuations and those metrics, somerd asset valuations look high. there is no certainty about that. that is a really big chair. let's talk to mark cudmore. was that something of a coordinated shift from central banks yesterday? yellen, draghi, carney, etc. ink: we are considering that theory. that would be a scare for markets if there is this coordinated shift. theare seeing r.b.i., ecb, exception is yellen. she did make a warning about asset price valuations yesterday but she has not change the story. the fed has been more hawkish not the market that recently. i do not think you can get a coordinated pause unless the fed is involved. i do not -- the market is slightly scared about that today and that is affecting asset prices. guy: are we over reading what draghi sa

please to the show janet mock, everybody. [ cheers and applause ] ♪ >> seth: welcome, janet.id you bring a fidget spinner? that seems to be -- >> i did, yeah. i think i need to borrow that from brian really quick. [ light laughter ] >> seth: so congratulations on your second book. this is about your 20s. you are in your 30s now. does it seem like it hasn't been that long a time to reflect back on your 20s already? >> yeah, it's kind of funny, because so many of these books are often written by women who are in their 60s and are reflecting back on their good old days. and so for me i really was working on this book at largely 32-years-old. and i had kind of just left it. >> seth: but, i mean i guess that's nice that your memory is probably a lot sharper as to what your 20s were when you write it. >> but, yeah, right? there's that sense of -- there's that sense of, like, the closeness to it, which kind of brings, i think, a lot of more intimacy. >> seth: because i'm sure when i'm 60, my memories of my 20s will be, i will make myself far cooler than i actually was. [ laughter ]

what will we hear from janet yellen today?hael: i would guess that is going to be a similar message from her. they are ahead of the ecb because they have announced plans for dialing back the balance sheet and have raised rates three times since december. she is going to reiterate that the fed is on a steady but slow -- and use mario's words prudent course of raising rates and conditioning the market to the fed's timetable. she will make the same points that draghi made about inflation. you can look past it because most of the factors are temporary. some of it has to do with currency translations. some of it has to do with oil prices. some of it has to do with one-off factors with the drop in mobile phone prices here in the united states. vonnie: let me come back to you and ask what the main risks that the boe are considering. jill: in comparison to the report last year, it is much more skilled back. the boe says the risks are standard at this point, but they are still monitoring consumer credit growth, which is why they took t

janet mock, everybody.heers and applause ] so, i promise we'll talk to all of them, but before we get to that, attorney general jeff sessions testified in the senate today as several of president trump's allies called for firing the special counsel in charge of the russian investigation, robert mueller. for more on this, it's time for "a closer look." ♪ [ cheers and applause ] >> seth: today trump held a meeting at the white house on obamacare. senators worked secretly behind closed doors to write a bill that could take health insurance away from 23 million americans. but as usual, trump seemed less concerned with the substance of the bill and more concerned with himself. >> i've been talking about repealing and replacing obamacare now for almost two years. don't forget on june 16th -- june 14th is my birthday, but june 16th was the day i announced that i was running. some people said, really? that going to happen? and it happened. >> seth: we all said, "really? is that going to happen?" [ laughter ] in fac

quick growing internet retailer focused on southeast asia and my guest says federal reserve chair janet yellen is. key said another planet. to day one. on. the bus starts right now. georgia banks went out on an inflation limb which put it on track to lose up to sixty million dollars the issue at stake is whether traders went around the risk limits on derivatives trades which were tied to u.s. inflation this of course calls into question the quality of george's risk controls which have already drawn scorn worldwide let's go back to short months to with the federal reserve find out your bank for not keeping its traders in line with the volcker rule which restricts lenders from using their funds to make speculative trades those close to this matter say the sixty million in losses because of this that does not look like it's going to shrink the german lender which earned about two hundred seventy million dollars in the first quarter of this year it's now seeking to overall how it manages its risk. and gold jumped on wednesday gaining support due to a weakening dollar it rose point two perce

janet daley, where did it go wrong?t was the worst campaign that i have ever seen, having lived in this country for 50 years. absolutely appalling. the more interesting phenomenon, because that one has been discussed endlessly, is the consequences for the labour party, which at least three quarters of its mps detest jeremy corbyn or his policies at any rate and are stuck with him for the indefinite future as leader. country must be evette cooper, who really thought that her part of the party was going to reclaim its birth right —— yvette cooper. what happens now with the tories is almost impossible to call. there are a lot of rumours that theresa may is going to be removed over the summer. i think that is actually quite likely, even though most of my conservative contacts, senior tories that i have spoken to, do not think that would be a good deal idea. they think they need to get through with a pretence of stability and it would just cause more uncertainty and doubt if she was to be replaced. the trouble is, it is stab

janet yellen with plans to normalize monetary policy. that is next.is bloomberg. ♪ manus: betting on inflation. the fed hydrates. yellen says do not dismiss future price growth. softeright of the inflation readings the committee is monitoring inflation developments closely. anna: details delivered. deutsche bank the lender said to announce a new structure for its corporate and banking division. manus: going soft. philip hammond is said to make the case for a brexit that protects jobs and economic growth. theresa may fights to stay in office. anna: turning to trump. the u.s. investigation into u.s. russian election meddling is whitening. looking at whether the president attempted to slow the flynn probe. tous: you're welcome "bloomberg daybreak: europe." anna: i am an edwards. it has gone 7:00 a.m. in london, 8:00 if you are in paris or berlin. weneed to be mindful of what see on the u.s. futures on the back of the story that the investors are probing if the president himself attempted to relation totice in the michael flynn story in that seems to capt

onare keeping an eye toshiba, looking ahead to reaction out of janet yellen what she has been sayingnd marriage draghi and that is how it is buying out when it comes to equities. looking at the markets themselves and etf's, i want to pull up a chart, #445, and this is the growth we have seen in the demand for these etf's, and now on pace to hit a record of $300 billion, topping 2015 and 2016 combined, growth driven by foreign buyers piling into these funds during the first half of seeking out u.s. stocks in this rising interest rate environment, all of this down to goldman sachs and saying it is only the second time during the past eight quarters that foreign investors have been net buyers of u.s. equities. there you go. all of this very interesting as we have had a slew of central banks be that take away from janet yellen, valuations and asset prices looking expensive, giving investors some food for thought. not much has changed in terms of whether we expect the fed to change or fear from its rate it down dayory, but in asia after the selloff on wall street overnight. we do have sou

janet yellen speaks at 6:00 this evening.n terms of what you can expect from janet yellen, issue going to give any clues or waiting for the data? simon: i would be surprised if she gives us too many more clues. problem,have a expectations surrounding 2018 because the market has a radically different view about what the fed will do next year. , startse starts to lead laying out a little bit more strongly her view but the reality is i suspect the market is probably right, that we actually are going to be talking about far less than three rate hikes next year. ed: it looks outwardly appalling . we have had a massive string of very poor economic outlook -- outcomes that tells you if they were data dependent they would never hike rates. francine: they are concerned they were never -- will not have enough ammunition in the next crisis hits. ed: if you raise rates you bring the risk of recession closer. over 80% of the time that fence hike rates they cause a recession so what they are preemptively raising rates they might -- it soun

rather eclectic in tols -- anna: let's go london where janet yellen is speaking. -- janet yellen rather eclectic, in total if something changes and the price of oil goes up or down or if there's under shock to the economy, what implications might it have for the economy's path relative to a baseline? and also models we would use to consider monetary policy strategy. the workforce model is called forb-us. of the large-scale model macro economy it is the intellectual descendent of the 1960's,ly model in the communists were very optimistic about their ability to model the economy. they began to develop large-scale models. this work was done at m.i.t. and brookings. ed, although use of these models in academia phil out of ther, -- fell out of favor, fed needed for these for the work we do and will continue developing these models. forb-us is the intellectual descendent of the early models. they have some of the characteristics that you described. first of all, they tend to have sticky wages and therefore, they and for deployment at a time and they do have a long-running growth path. it depe

the fed reserve, led by the chair, janet yellen, had plans to shrink the bond holdings and massive debtse built up during the financial crisis. our correspondent michelle fleury sent this report. it is steady as she goes at america's central bank. officials here are determined to stay the course of slowly but steadily raising interest rates. the fed chairjanet yellen explained that with the world's largest economy improving, this and further rate rises are needed to head off inflation. we continue to expect that the ongoing strength of the economy will warrant gradual increases in the federal funds rate to sustain healthy labour markets and stabilise inflation around the 296 and stabilise inflation around the 2% long run objective. and stabilise inflation around the 296 long run objective. and the head of the international monetary fund, speaking in germany, said that the hike was positive for america, long a driver of global growth. inflation is getting close to where it should be and notjust inflation but core inflation as well, so those are good indicators of an economy that is doing

janet yellen pressed ahead with plans to normalize monetary policy.he ongoing strength of the liver market will prevail over the recent weakness of inflation. the bullish curve is going to work. she spoke following the decision. >> with employment near its maximum sustainable level and the labor market strengthening, the committee expects inflation to move up and stabilize around 2% in the next couple of years. in line with our longer run objective. nonetheless, in light of this softer recent inflation reading, the committee is monitoring inflation developments closely. provided the economy evolves broadly as the committee anticipates, we currently expect to begin incrementing a balance sheet normalization program this year. is plan is one that consciously intended to avoid creating market strains. and to allow the market to adjust to a gradual and predictable plan. i fully intend to serve out my term as chair which ends in early february. i have not had conversations with the president about future plans. guy: let's get more details on what was said,

that would be the way that janet yellen is putting it.ion going into the economy, and the balance sheet has not been drained. they are not starting that yet. they are buying treasury securities. david: they have raised rates several times, and yet financial conditions overall have become looser, not tighter. what accounts for that? does that at carriage them -- does that encourage them to keep going? mike: it does not encourage them to keep going, but it may give them some impetus to go farther and faster if inflation picks up. other central banks around the world are continuing to dump the -- to dump liquidity into the global economy. with u.s. rates higher than other countries, and the movement of global capital being so easy these days, the fed is having a harder time transferring monetary policy into the economy. that does not bother them yet. they are trying to get rates up to a more normal level for this level of economic activity. david: mike mckee, thank you for joining us from washington. the ecb is driving the bus, it appears. j

the dollar then recovered once we got the rate hike and janet yellen's comments.nded the day broadly flat this morning dollar strength by a third of a percent against the british pound and euro fractionally higher against the yen. gold prices, down around 0. -- up 0.6%. yesterday breaking a five-day losing streak. >> to today's top story, the "washington post" reporting the special counsel is starting to investigate president trump for possible obstruction of justice. eamon javers joins us from washington with the latest good morning to you. >> good morning. >> what can you tell us? >> the "washington post" story last night got all attention in washington, d.c., all of official washington focusing on the issue of whether or not the president is under investigation personally and directly for obstruction of justice that's what the "washington post" reported last night. let me run you through some highlights of their report with the caveat that i can't independently confirm this reporting. but it is not being denied by the president's personal lawyer or the white ho

the announcement from fed chairman janet yellen will come on at 2:00 p.m. today.xpectations are for a quarter point rate hike. we'll see if we get it the ten-year note holding on to 2.2% look at the dollar ahead of that fed announcement we will get data on inflation, retail sales and business inventory. a lot of economic data for investors to digest before that announcement the u.s. dollar 1.10 against the yen. we've seen some weakness against gold of late up week to date. right now at $1,270. >> i think the bond market and currency markets so calm ahead of this fed meeting. i would say if we didn't get that 25 point hike, it would be a surprise, but the hike very much priced in all eyes on janet yellen's testimony on the level of tightening to come, and the route they will do that, whether it's balance sheet reduction or interest rates 2.2% for the ten-year note >> as we said, the fed will be front and center today there's also a trio of economic reports before that decision may retail sales and cpi released at 8:30 a.m. eastern, followed by april dizziness buss

. >> janet, estÁ en el lugar, precisamente en alejandrÍa virginia, lo Último que se sabe, buenas tardestros. jannet: gracias chicos, estamos esperando que las autoridades podrÍan darnos una actualizaciÓn, una tercera actualizaciÓn en cualquier momento. asÍ que estamos en espera de lo que pudiera pasar aquÍ. pero lo Último que sabemos, que nos dijeron a las 11:00 de la maÑana, que fue un incidente aislado. ahora el fbi se estÁ encargando de la investigaciÓn principal. a las 7:09 de la maÑana un hombre con arma larga se encontraba en el campo de pelota donde se encontraban practicando los miembros del congreso y abriÓ fuego a quemarropa. los congresistas dijeron que les preguntÓ si en ese campo habÍa demÓcratas o solamente republicanos. cuando le dijeron que eran sÓlo republicanos, el hombre abriÓ fuego. el ex alcalde de la ciudad dijo que este hombre vivÍa muy cerca con una mochila cerca de este lugar. sabemos que el hombre es originario de illinois. 5 personas fueron trasladadas al hospital, cuatro de ellos, oficiales de la policÍa que estaban acompaÑando al congresista. el congresista