yesterday, janet yellin gave me a little bit of good news. inflation and she had previously been, and suggested that maybe they may not therefore hike interest rates this year. good the stock markets, good for risk and that is what the market reacted to. it pushed the dow to a record high close. yes, and softened the dollar a little bit as well. you are quoted on this story in the ft this morning. canada, the canadian dollar, the looney, i love that term, rocketing for the first time in seven years. again, this israeli interesting, in the context of all the developed countries and missed the developed countries and missed the session of whether they will hike interest rates more generally. the market was anticipating this, they had a couple of comments from they had a couple of comments from the governor and the deputy governor suggesting that they might, but what surprised the market was the statement that accompanied that interest rate hike, because they seem to suggest they would do it again, even though their inflation target is roundabou

right now we'll go back to this morning's hearing with federal reserve chair janet yellin appearing for a second day on capitol hill. as she speaks to the senate banking committee about the country's economy. >> promoting economic growth remains a top priority for this committee and congress. i've been encouraged to see federal agencies and stakeholders evaluating current laws and regulations. since the last humphries hawkins hearing in february, there have been numerous developments that will impact economic growth legislation. senator brown and i have solicited the public for economic growth proposals and more than 100 submissions from stakeholders have come in. they are listed on the committee's website for those who may be interested and we're working together now to put together legislation dealing with it. the committee has held numerous hearings focused on economic growth with financial companies and regulators. federal financial regulators issued their second report and the treasury department issued it first report on core principles of financial regulation. in addition, member

investors are sifting through prepared remarks from fed chair janet yellin. coming up. == >>> happy wednesday, we are waking up to so sunshine. we look at fremont already busy. later on we'll be in the mid 50s by 10:00, to the upper 70s by 10:00. warming up very fast throughout the afternoon. i will look at another heat up for the weekend coming up at 6:49. >> westbound traffic is still moving well, we still have that report saying there is a crash on the high rez. we'll track that coming up. >> >>> live now to breaking news we have been following all morning long. this live picture is from newark. a row of scars caught fire. that is along central avid. fire officials say it only took about 15 minutes to put out the flames. in that time there was extensive damage. >> it looked to us like initially the vehicles were on fire. we have an investigator coming out to look at the cause and origin of the fire. >>> fire crews say the investigation will not impact travel. >> at quarter to seven, the fight continues across california westbound the fire fight, that is. f

fed chair janet yellin testified for second day on capitol hill. she said fed expects to keeping raising interest rates at a gradual pace it sparked a rally on wall street pushing dow jones to a new high gaining 123 points, nasdaq added 67. >>> cyber security experts suggest if you called verizon customer support in the last six months change your opinion opinion number even though verizon says there has been in loss or theft of customer information after security breach affected 6 million people. company says that customer names, phone numbers, home, e-mail addresses and account pins were exposed. >>> cashless society may be wave of the future and we are closer to it. visa giving away $10,000 to 50 business that is will force customers to use debit or credit card only. if you have ever thought you are spending too much time searching for a parking spot you are probably right. new study out that suggest the average driver in the u.s. spend 17 hours a year looking for parking at a cost of $345 in wasted time, fuel, and emissions. jim and rahel. >> r

one more interest rate rise in the coming year and it seems that we have already seen some of janet yellin'scan withstand another rate rise. another thing people will be looking at is more details and terms of what they are going to be doing in terms of reducing its portfolio. you will remember during the financial crisis, the federal reserve and to just a bunch of programmes to try to help stabilise the us economy and one of the things the dead was the bot massive amounts of bonds. it has been a few years since they stopped the bond buying programme but they still have all these bonds in their portfolios so janet yellin says they will start producing that portfolio so people and congress will be asking questions about how that is going to happen. what is the sense you get about her mission to bring the us economy off the bond buy—back programme and also increasing interest rates? so far, if you look at the us economy, the economy is doing well and there are concerns about inflation and it is nowhere near that 2% target rate by the federal reserve, but janet yellen has been doing a few thing

markets around the world all waiting to hear from janet yellin, the chair of the federal reserve of theng in the afternoon. any more tightening of monetary policy will see some sort of impact on market trade. let's get the inside track on what it takes to attract the brightest minds in the highly competitive tech industry. gordon & eden is a london—based recruitment firm, which was established in 2014. it works with some of the world's biggest companies, including hsbc, deloitte, facebook and betfair. the company is in hot demand, and notjust from clients. it's already rejected five takeover approaches from other recruitment firms. we'rejoined by sophie eden, co—founder of gordon & eden. good to have you with us, welcomed the business live. so you look for young, savvy tech start—up people, and match them to more established companies. what gave you that idea? we set up gordon & eden three and a half years ago, and we felt at the time there was no search firm that truly operated across post of those industries, in terms of the start—up space and the traditional corporate ‘s. we felt tha

that was largely due to comments from janet yellin.ke this year? i think at the moment december is just about on the cards. one of the problems at the moment is the complete lack of inflation. there is nothing wrong with the economy in itself. there is a global recovery. i think investors know they will not hike rates too quickly. they will not want to derail the economic recovery in the states but possibly be more in just in which then mentioned which is the rundown of the qbe programme and the bond buying they have been doing. they can either sell the bonds back in the market or they can let their mature. simply letting the mature would be a quieter way to do it and i think would be a quieter way to do it and ithink in would be a quieter way to do it and i think in terms of real investor interest, we will move down that road. qeis road. q e is quantity of easing. the reaction seems to be to push the dollar lower and push the markets higher? we had a very good set of first—quarter earnings in the united states and so far so good in te

you've got janet yellin in the states you've got my a dragon ball you mean you've got your old or your pant ok so you've got carson's here or the. car since augustine carson there shows about the crowd is the guy that came from my your math etc always and i have copped a crash not only that they use a macro economic model that is totally worthless you know it is so the problem is not who wrote this this thing is not an independent entity this is a crucial thing that because the central bank you know this idea became so popular in the eighty's and ninety's we need a low tone to me and independence for the central bank well from the government yes but he said when we look at the banks i see. ditto if you think posters everywhere get to spend ditto says carson's garson so it's a bandito that's right he's in bed with the global banditos course like all of these guys are is ok exactly so he goes to martin in the market says you're not given good price discovery because you're increasing debt using financial engineering destroying wages that's not good for the regulations and the laws of nat

type janet yellin in the search box. >>> want to let you know coming up later here on c-span 3 we'll have live coverage of president trump and french president emmanuel macron, they're holding a joint news conference as the president is visiting france during their celebration. we'll have that live at 12:30 eastern here on c-span 3. right now we'll go back to this morning's hearing with federal reserve chair janet yellin appearing for a second day on capitol hill. as she speaks to the senate banking committee about the country's economy. >> promoting economic growth remains a top priority for this committee and congress. i've been encouraged to see federal agencies and stakeholders evaluating current laws and regulations. since the last humphries hawkins hearing in february, there have been numerous developments that will impact economic growth legislation. senator brown and i have solicited the public for economic growth proposals and more than 100 submissions from stakeholders have come in. they are listed on the committee's website for those who may be interested and we're working

i guess donald trump get some of the credit for the market janet yellin gets most of it. the moment they worried is when it looks like a constitutional crisis. the jeff sessions stuff has become of concern. >> it's almost sort of a white house-free world, where the white house almost becomes irrelevant. that the president tweets about changing the policy on transservice members and the pentagon dismisses it. donald trump, appears to be melting down personally over russian-gate. he fired the chief of staff after 189 days the world goes chugging along, are we sort of reaching a point the white house is becoming irrelevant? >> certainly not on the legislative fund. he hamstrung through congress. i think it was chairman steele who mentioned the mean quote he had about the senate health care bill and him calling out republicans by name for not supporting the bill, that's sort of the opposite of what we have seen from white house being successful and that's what you are measured by, there are some things around the edges his administration can do that do have an impact. in fact

thing that all street is watch -- wall street is watching for with the testimony of the fed chief janet yellin is expected that president trump will not renew her appointment next year. >> oh. >> so the big question is who will be the next federal reserve chief. that is on the minds of a lot of people. so far so good for the stock market today. >> absolutely. thank you, pam. >> thank you, pam. >>> the time is 7:28. a fire at a scrap metal business in san leandro. we will tell you why a shelter in place was ordered and the investigation is underway. >>> hundreds of skateboarders face off against san francisco police, taking over delores and 19th streets. it happened yesterday evening. what we know about the confrontation that led to three people, including a police officer, being injured. being injured. >>> good morning. we can see that it is going to be a busy commute if you are driving in some areas, including the san mateo bridge heading out to the peninsula. >> welcome back to mornings on 2. i'm gasia mikaelian. >> and good morning. i'm dave clark. ready to talk about your weather. at least

and then janet yellin testifies for a second day on the hill. we are back in a moment. ♪ [brother] any last words? [boy] karma, danny... ...karma! [vo] progress is seizing the moment. your summer moment awaits you, now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. thithis is the new new york.e? think again. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov maria: welcome back. good friday morning thanks so much for joining us i am maria bartiromo it is friday july 14 your top stories right now 7:30 a.m. on the east coast. president trump closes out trypt to paris with a baning sitting on military parade to mark bastille day president leaving for home with renewed focus on domestic o agenda a flurry of tweets about health care the importance of repealing and replacing obamacare.

federal reserve chair janet yellen told congress the central bank expects to keep raising interest rates. she said it will happen at a gradual pace. yellin cited strong job gains and rising household incomes that should help fuel economic growth in the next few years. they raised interest rates three times since december. they will likely issue another hike at least once more time this year. back to you. >>> san francisco city officials plan to discuss imposing a tax on vacant properties. according to the san francisco examiner, supervisor aaron peskin requested the city attorney's office to explore legislation to do so. he says the number of vacancies contribute to the housing crisis and small business struggle. vancouver, canada, recently assessed a 1% tax on homes thereat not principle residences or rented out for at least six months of tyear. >> finding fresh seafood at fisherman's wharf could be ease. . >> remember the selfie a monkey took. the court hearing today that's putting it back in the headlines. >> here's a live look outside from mt. tam as the beautiful from mt. tam as the beautiful sunrise is ♪ ♪ isaac hou has mastered gr