. >> donald trump also publicly said that the about janet yellin. janet yellin. it was part of the federal reserve, when donald trump was criticizing her, he was criticizing her in a way that >> when it comes to your money what changes now? >> the first thing is make sure that you're not -- bonds or things like rooets and utilities and have high yields. >> and the thing more broadly, make sure you have enough international exposure. the trump presidency will be here. the u.s. is running out of room to grow and a more restrictive policy could make that problem worse. because of they think people need to have money not just in the united states, but in europe and emerging markets where there may be more room to grow in the long run. >> thank you for joining us. >> going from the front lines to the bottom line, how vets get help to start their own business. thanksgivingmenu, tips for budgets so it doesn't gobble up too much cash. but with added touches you can't get everywhere else, like claim free rewards... or safe driving bonus checks. even a claim satisfaction g

>> i think a lot of that depends on how janet yellin feels about things. first of all, donald trump cannot, even if he wished, fire janet yellen. that is not among the powers he will have. her term is up in 2018. the question is, will he reappoint her. she could, of course, resign, if she didn't want to be part of the federal reserve, if they had a big disagreement, but i don't think that's what she'll do. and besides, when donald trump was criticizing her, he was really criticizing her for keeping rates very low, in a way that might have helped his opponent. now, he may actually need her to keep rates low if he wants to cheaply finance all his rising deficits. >> david, if you have a plan already when it comes to your money, what changes now? >> i think, the first thing is make sure that you're not too overweight bonds or things like reits and utilities, which have high yields, but are quite sensitive to rising interest rates. and the other thing more broadly, make sure you have enough international exposure. i know the u.s. has benefitted this week from

. >> donald said that janet yellin should be ashamed of herself. to keep the rates low. do you agree with trump on that? who would you like to see follow janet yellen when her term ends? >> okay, a couple questions here. one, i'm not going to criticize janet yellin, but aagree generally. you can't keep 0% interest rates because it builds asset bubbles. you splus fiscal stimulus. most important stimlace them to invest. a lot of people after world war ii thought the economy would go into a depression and it did not. today it is perceived, and rightly in many respects, that the government is at war with business. when you have that business says okay, the hell with it. therefore, this is what must happen. and i don't blame janet yellen. >> you don't think the fed is being political like he said. >> i'm not criticizing, but i do agree with donald. >> we'll have more next hour, stay with us for that, coming up ahead, candidate donald trump said all along his path to victory was through the rust belt states. what do the voters in these states that suppor

i think janet yellin understands that better. the contrast with the uk where the participation rate is over 20% t. debate about wages should be more jermaine to the uk than the united states. >> in the u.s. we have seen pay come up 2.5%. those numbers are going to play into the inflation figure. i think although it's muted, it will be part of the equation they are looking at. >> i want to revisit the issue. mike man making a case here as one of our other guests has, th negative about the outlook into 2017 for corporate profits. what do you say? i get the sense from looking through your notes here that actually the down trend continues. >> yeah, we are concerned about the relatively slow growth of the economy. next year, looking at less than 2% growth for the u.s. economy. the revenue side, we get a lot. we see wages going up significantly. so, this profit figure will be a matter of concern. we have to look atmore than just profits, so, we don't think it's going to be a clear signal because consumer growth is strong. it's going to

janet yellin is set to testify there. at last year's hearing, yellin testified she expected the labor market and overall economy to continue to improve. the committee is made up of members of both parties from the house and senate. >>> now to a developing story on metro. the board senior meeting today and is expected to discuss a new transit administration. it shows the safetrack program will take longer than expected and cost tens of millions of dollars more. it was released yesterday. in it, the fta says it found numerous sections of track that should have been taken out of service but were not. it found large stretches of tunnel with broken emergency lighting. in addition, metro did not have a clear plan on how to finish incompleted safetrack work. the work could cost more than $100 million and wouldn't be >>> many rely on uber and lyft to get around. a meeting could alter their future in maryland. it could force the ride sharing services to pull out of the state. >>> maryland football players accused of attacking stud

i mean, he is a low rate kind of guy. >> why is he going to get rid of janet yellin? >> i certainly raised the issue. he has called her out on a couple of occasions. i'm sure you're aware of that. >> yeah, but -- >> do you think she should stay? >> i'm not going to get into that. it's not my job to decide, you know, who should be in the federal reserve. i will say you have to shake up a few of these -- there's some good regulatory agencies, but you still have to shake up a few of them, like the e.p.a. i don't always say that over and over because i'm involved. there are regulatory agencies that you must shake up. i'm not going to get into the others. the other ones -- i think the ftc has done a good job. that's the ftc. i am not sure where you would go with this. i would tell you that you can't have strangulation by regulatory agencies. you can't perceive the government is against you. you have to have a rule of law. wall street has taken advantage too much of a lot of the rules. i know a lot of my friends are going to be mad at me for saying this, but, come on. wall

janet yellin thrown down the gauntlet on donald trump. seems she's not going anyway. making money with charles payne is next. what do you make of it all. to the life kim. the or seen you are seen a cast of characters coming in at trump tower. he has a very high level folks coming through. over the weekend. we will see will see mitt romney and other people who are critical of that. coming together in at least kissing the ring or been considered seriously. i think it is encouraging to see that the breath of people that are showing up. on twitter i have it. if you think it's great. or he went too far. or it's okay. it's time to clear the air. people have very mixed emotions about that. seems like a circus but it is a betting process. when the clintons took office many years ago they didn't even have a transition team at the time. they were surprised by a victory. they didn't have a whole lot of people lined up. they are not an enormous number of people who worked on the campaign who have their hands out who are ready to move into the extended oval office. i like a lot of

the vicks is telling us the market might be going, i think five, six, seven percent would scare janet yellintill expecting a hike? >> for the moment. the markets are almost 75% probability. it's very, very high. all they wanted to see was something north of 50%. they are there. >> danielle, thank you so much for joining us. >> let's get the results of twitter/facebook question. will the jobs report have a bigger impact on, 28 said the fed, 29 the machts, 23% said the election. that does it for us. have a great weekend. you get used to sweaty odors in your car, you think it smells fine but your passengers smell this... eliminate odors you've gone noseblind to for up to 30 days with the febreze car vent clip break out the febreze, and [inhale/exhale mnemonic] breathe happy. >>> good morning. the countdown to the jobs report. the final piece of economic data ahead of the election and another report for the fed to consider before that big meeting again in december. the markets reacting to another batch of earnings. the s&p 500 looks to snap an eight-day losing streak. that's the worst since octo

that comes from chairperson janet yellin. this sets the stage for a hike in december, amid sign that the economy is picking up steam. >>> gas prices are not expected to spike following a fatal explosion that shut down the after an alabama construction crew hit it with a piece of heavy equipment. that pipeline runs from houston all the way the terminals in new jersey. >>> of central florida teacher is facing criminal charges today . >> she is accused of exchanging more than 100,000 an appropriate message -- messages with a 14-year-old student . >> police tell us 44-year-old alice in london was a pt chair. police discovered roughly the teacher and students since last year. >> now she is facing multiple charges including solicitation to commit sexual battery. >>> because of a lawsuit that took place in pinellas county, then i'll shut down gossip website gawker is settling with paul cogan. he sued the website over a sex tape and one a 140 million dollar verdict. now the wrestler in the media company have struck a confidential set

janet yellin testifies in d.c. this morning. she'll likely be asked about president elect donald trump and how his fiscal policies could effect the economy and weather it will derail the expected interest rate hike. >>> wallet hub surveyed the best deals topping the followed by j.c. penny. the afternoon discount for black friday is 39%. and americans are expected to buy a lot more of their gifts online. online sales will jump as much as 19%. spending on cyber monday is expected to be 3 1/2% higher than last year. i'm thinking not a lot of work gets done on cyber monday. >> probably right, thank you very much. get those lists ready. >> can you remember a time when and hold it. now, i do all of that online. >> you can literally order toilet paper. >> very helpful. it is true. >> coming up ranking the best and worst child booster seats. >> some with serious safety concerns, what parents need to know this morning. >> and a train slams into a car, the 2 people inside that car run away from the scene, we've got video you've got to see

janet yellin thrown down the gauntlet on donald trump. seems she's not going anyway.y with charles payne is next.

closing argument is, our movement is about replacing a corrupt establishment, and has pictures of janet yellinord dark fein and a dark and horrific and has been criticized as anti-semitic. that's where dana milbank thinks. that's how mr. trump wants to go out in this campaign. >> we'll take a quick break and continue with the panel. we'll be right back. about mak. i'm victoria alonso and i'm an executive producer at marvel studios. we are very much hands on producers. if my office becomes a plane or an airport the surface pro is perfect, fast and portable but also light. you don't do 14 hours a day 7 days a week for decades if you don't feel it in your heart. listen i know my super power is to not ever sleep. that's it, that's the only superpower i have. ♪ ♪ ♪ is it a force of nature? or a sales event? the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. (bing) [ cougshh. i have a cold with this annoying runny nose. better take something. dayquil liquid gels doesn't treat a runny nose. it doesn't? alka-

. >> rick, what did you think of janet yellin's comments to congress this morning? i mean, you could argue that she made it not perfectly clear, but she hinted pretty strongly that they're going to raise rates next month. but beyond that, what'd you think of what she had to say? >> very incongruent. it seems to me that after 7 1/2 years of trying to accomplish a couple of things, trying to, of course, get a lower unemployment rate, traction for growth and higher prices, that we're on the verge of all of that and she seemed rather nervous about it. as a matter of fact, nervous to the point of almost saying that the trump fiscal plan shouldn't develop the way the markets think and the way three chambers under the same banner should be able to push it through, that there might be bad things associated with that. i couldn't quite figure it out. i do know one thing, is that when you constantly move the goalposts and all of a sudden you have a burst of fiscal stimulus, virtually at zero rates, virtually at full employment, these are the issues, the unintended consequences

janet yellin testified before congress today. she says the gradual increase in interest rates could come relatively soon. yellin cites improving job and inflation figures as reasons why the u.s. economy is ready for longer could actually do more harm than good. >> moreover, holding the federal funds rate at its current level for too long could also encourage excessive risk taking and ultimately, undermine financial stability. >> vanessa: the announcement is not surprising, the federal reserve raised rates slightly last december, the first such hike in nearly a decade. >> mark: here's a look at what we're working on for fox 25 news at 6:00 p.m. dcf investigating a hingham day care. one father talks to fox 25 are accused of doing to little children in their care. plus -- >> the reporter: a federal judge release the former house speaker sal dimasi early after he was convicted of corruption charges. tonight, that judge's warning to other politics who might -- politicians who might follow in his criminal footsteps. >> mark: a young fa

but some columnists have noted that there are three other individuals in the ad, george soros, janet yellinoyd blankfein, and all three of them happen to be jewish. what was your take when you saw the ad? >> well, when i saw the ad i thought that this was something of a german shepherd whistle, a dog whistle to sort of the -- certain group in the united states. i'm jewish. maybe i'm sensitive to it. clearly had sort of elders of zion sort of feel to it, international banking crisis plot or conspiracy rather and then a number of jews. so i think that it does speak to a certain part of his alt-right base. bannon, head of breitbart, is his chairman. they traffic in that. trump has retweeted a lot of that sort of thing. and i think that it's an appeal to some of the worst elements in our country, as a closing argument. i think that people who aren't sensitive to that or don't know that history might not see that in that. i immediately saw. >> i want to ask you about this news broken by reuters that the clinton foundation confirmed that it did accept a $1 million dollar gift from cutter while hi

tom: david herro, is janet yellin m&a's best friend right now? david: i think partially.nly helps things. i do think monetary policy has failed to do a lot of its stated goals, but as a result of the low cost of finance, you are seeing more m&a. francine: what is it like in europe at the moment? i do not know if you look at m&a, but we talk a little bit of banks -- we talked a little bit about banks. david: we have seen a very bifurcated valuation scenario in europe where the industrials, financials, consumer ies are at low variables instability. pharmaceuticals are relatively rich. ork at the unilever -- 23 24. it does not grow all that much. it micro 4% or 5% if that. 7.5 or eight, times. i am not arguing that the pe should be at parity. we are seeing this huge discount on a lot of these industrials. we are starting to see a leveling out of this. as investors, you have to consider price. clearly today, in our view, investors are paying way too much for insurance. they are buying a $50,000 car and ensuring it for $500,000. that does not make sense. that is where the perc

today," says federal reserve chair, janet yellin warned congress on big government spending similar topresident-elect donald trump's proposals would fuel inflation and swell the national debt, trump's victory has not altered the fed's plan to raise interest rates next month. policies could force the central bank to reassess its outlook. yellen says the massive government outlays would drive inflation as employers bid up wages to attract limited pool of workers. yellen says the long-run deficit mind, the e kept in national debt, she noted, is 77% product , domestic adding "there is not a lot of fiscal space should a shock to occur," are you concerned about the price tag and what that might mean? concerned. it would be nicer if we heard yellen when president bama drove the deficit to $1.4 trillion. we cut it roughly in half the last five years with the republican congress. and i think the basic point is rue, we are live nothing low inflationary era and frankly president obama had the benefit compliant fed and keeping interest rates very low, masked the ly seriously of the deficit he was

that's what -- watching janet yellin, any way.nk you. >> thanks. >> thank you. >>> coming up -- thank you. >> thank you, bill. >> coming up, a famed value investor, ron baron, his thoughts on the market, the election and one of his favorite stoc stocks, tesla. will any work get done in chicago today? they are celebrating. "squawk box" will be right back. alpha seems more elusive today. is it because so many go after it the same way? chasing after short term returns. instead if getting caught up with the crowd, the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global opportunities. we manage over a trillion dollars this way, attracting many of the world's leading investors. partner with pgim. the global investment management businesses of prudential >>> welcome back to "squawk box." we are here at the 2016 baron investment conference with ron baron. over the course of the show, we are going to talk to ron about investing, his stake in tesla and the im