jay: we are studying it. marketvate investment has grown substantially in the last 20 years. year, more capital raised in the private markets than in the public markets. our retail investors are not having access to those investment opportunities. thoseome periods, performed better than the public capital markets. we are looking at this. we want to make sure retail is not left behind. david: in the investment world for the last four or five years, people have been worried another recession will come. no one is predicting recession tomorrow, but you said leverage loans are relatively high and it reminded you of 2008. what is your concerns about the market? jay: let me clarify. i'm not saying the leveraged loan market reminds me of 2008. there were mismatches in expectations and economic realities. all008, we thought not mortgages moving the same direction. they did. 25thought a guarantee fee of basis points was right for all mortgages. it wasn't. you look around and say where our expectations and realities out of whack? one place they may be is that leveraged loans don't settl

howell pushes back, stocks slide and the dollar dances as jay powell says the fomc has no bias toward a hike or cut. the fed leaves rates unchanged. deal in. theresa may angier be just jeremy corbyn hence we may be edging closer to a plan. the bank of england is expected to hold later amid ongoing uncertainty. and a bead on fixed income. announcing their bouncing back from a tricky fourth-quarter. the strong showing in a key business. fruitome is bearing the of changes. we have digitalized and created venture capital markets to help people. we brought investors together. breaking news from you from the banks. 1.5 8ying pretax profit billion, slightly lighter than the market had estimated at 1.6 billion. this is a bank that is investing heavily in terms of compliance, no compliance, these are the key issues around the bank. you are seeing a first quarter net interest income of 3.4 8 billion. the market had penciled in 3.4 seven. better than estimated gain for the bank. that is the set of numbers, we will dig deeper. there is a beautiful set of stories around ing. are they or aren't the

jay: that is a great question. that shows the line. where do we draw the fairness line? ♪ ♪ david: let's go through insider trading. the supreme court has against the sec, arguing you were too tough on enforcing the law. is that a fair reading? jay: we just won one the other day, which felt pretty good. david: you haven't lost in the supreme court? jay: there are a few we have lost. david: the sec's main argument is that the courts have misinterpreted the law when you lose? jay: look, insider trading is actually a very delicate enforcement issue. you could have a rule that said any time you have information that everyone else doesn't, you can't trade. any time you have information, you can't trade. well, that would discourage people from finding things out about companies. one of the policing mechanisms in our market is private investors looking at companies and whether they are telling the truth or not. we want to encourage that behavior, people to investigate companies. david: the theory is everyone should have access to the same information. if you are a corporate ceo and you tell me you are about to buy a company at a big premium, i

jay: it is a great question. that shows the line. where do we draw the fairness line? ♪ ♪ david: let's go through insider trading for a moment. the supreme court hasn a couple of cases against the sec, arguing you were too tough on enforcing the law. is that a fair reading? jay: we just won one the other day, which felt pretty good. david: ok, but have you not lost a few in the supreme court? jay: there are a few we have lost. david: the question is the courts have misinterpreted the law when you lose? or how do you -- jay: look, insider trading is actually a very delicate enforcement issue. because you could have a rule that said any time you have information that everyone else doesn't, you can't trade. you know, anytime you have material nonpublic information, you can trade. well, that would discourage people from finding things out about companies. and one of the policing mechanisms in our market is private investors go in and looking at companies and whether they are telling the truth or not. we want to encourage that behavior. we want to encourage people to investigate companies. david: the theory is everybody should have access to the same i

january that we would have a calendar of reports, and please see that here on page 3, in addition, jay has updated the forward calendar, in between those two items, we think this represents a complete listing of all of our reports, and so this really covers, you will see our entire portfolio from public markets to private markets, to risk management, to esg, and more are included on this list, last to know is the next investment -- investment committee that is a week from today, it is a small subject, but it is a super important subject, it is a long-term plan for managing the trust, we're looking at this from a ten year point of view, and the reason why we're looking at this is because spurious is fast evolving, we are now 25 million-dollar organization, we were a $10 billion just 15 years ago, so we have gone from a good-sized plan to a large plan, we are going to become a very large plan, our liabilities will grow to $40 billion, they will grow to $60 billion, a very large plan, in 2038, so we are thinking about the landscape of what is required as a 40 and as a 60 billion dollar pensio

. >> reporter: jay morris has been noticing the explosion of green out here along montgomery road and he is not the only one. the local fire district has placed the neighborhood at the top of their list for county funded inspections that begin next week. >> based on the local knowledge of the fire district officials, the understand what they see is most concerned of them. >> reporter: james williams the sonoma county fire marshal. >> looking for things grass should be less then 4 inches. looking at trees overhanging chimneys, roofline needs to be. >> things that can turn small neighborhood fires into disasters. >> the idea not to create a situation where fire can move from building to building. >> reporter: while some homeowners take the responsibility seriously, others apparently not. jay morris says he is happy to hear inspectors are coming this way. >> i lost three houses and it almost came out here it was that close. if the wind would have kept going. we got to be ready for the next one. >> reporter: says pose the inspectors come out and they find tall grass like this. the interes

a lot has been written about the fed already had what jay powell said yesterday and what he meant to communicate. wherer he's understood the market is positioned. it seemed the market was devilishly positioned and he came out less dovish than the market had anticipated. did he mean for that to happen? mark: absolutely. i think jerome powell has been consistent. he's stuck with the line of being patient on rates. thes the market that made mistake of thinking the word patient meant rapidly change course and policy. the fed never said that. they said they would be patient. it was right to price at the rate hikes that were priced in earlier and the markets said for some reason, started pricing cuts rapidly. the fed has been consistent and of the market has been whipsawed definition of words. now it seems more in line with what powell said all along, the fact the u.s. economy is clearly not going gangbusters but it is not collapsing, either. we have been saying this repeatedly, it is not clear at the moment which direction the next policy move will be and they should be patient. columnher

has been as low as it is with the unemployment rate being where it is. taylor: i assume manufacturing had a pretty steep drop. new orders were falling. jay powell has brush that off. is he counting on the end of a trade war and a trade deal being signed to get that export going again and getting manufacturing going? >> if he is, he is probably overstating that. we have seen this trap off globally. on the one hand, the consumer looks pretty good. but the industrial economy is starting to weekend. that does tend to be the sector that leads late in the cycle. and the one that turns over first. that really does bear watching. so where does this leave us for the rest of the year? do you expect the fed to use later? you hit the right point with that last remark about the data. of course they will be watching the data. we should all believe them. as long as the economy is going well and inflation is relatively well-behaved, they will stay where they are. market likes to see movement. they will speculate about the upside and downside in the next two months. there is no reason to expect that they will change in the next few months. unless you hav

ahead of that, kathleen hays has a roundup of remarks from boston fed so what is his view? kathleen: so many other fed officials. jayhis week. the new york fed president and now the president of the federal reserve of boston jumps in with the same message. the fed does not need to do anything on interest rates. >> there is no call for monetary policy to change. my own view is that i do view the inflation as predominantly being temporary. i think labor markets are tight and we are going to get much closer to 2%. if the tariffs go in effect, we will probably get to 2% little more quickly. kathleen: in that part of has prepared remarks today, he is referencing the fact that the fed's key measure inflation is far below 2%. one measure is 1.3%. there is a big gap. will tariffs boost it? he said it is not clear cut. if the tariffs do not last long, it is a temporary one-off thing on inflation but what if they do last? what if they get into pricing? they can have a lasting impact. the whole question of growth, he said the trade war could pivot and in the end, it sounds like he is keeping his fingers crossed on just what ha

has pushed me. >> reporter: governor jay inslee has made climate change a central part of his candidacy. >> there'sud over america. and that is the dark cloud of climate change. >> reporter: his announcement follows beto o'rourke's release of his own climate change plan earlier this week. his first major 2020 policy proposal. >> this country needs direction when it comes to meeting the single greatest threat that we've ever faced. >> reporter: polls support focusing on climate change as a good strategy. 82% of democrats say that issue is very important. and while each of those candidates mentioned in the story are doing what they can to stand out, they all continue to poll well behind bernie sanders and joe biden. jessica dean, cnn, washington. >>> coming up -- her drunk driving destroyed the life of a teenage girl. and now she's sitting down with the girl's family on "the redemption project" with van jones. >> you got a dad. you got a mom. you got a baby sister. you got a young woman in a wheelchair. why do you want to sit away from all that pain? [kno♪king] ♪ memories. what we deliver by deliveri

jay gray has mor >> reporter: a mssive funnel on the ground.a string of violence twisters that ripped across missouri overnight. >> wiows started shaking. felt the house rattling. heard the tree break and boom, hear all the cars crushed. >> reporter: daylight revealses intensity wood and metal scattered for miles. ca and buses rl olled, some buildings completely wiped awayf >> youl kind of dumb about the whole thing. it happened so quick. >> reporter: stunned anded batter survivors sifting through the rubbleashat w their home. searching for anything left of their lives before the storms. the biggest loss, near golden city. three people killed during a tornado strike there. for more tn a week, storms have ravavaged the nation's heartland. flooding rains, washing away neighborhood now crews begin the cleanup and recovery across the strike zone. >> when you have chaos, how do you organize chaos. that is what we're doing, ting to g people safe, still checking on people, still checking on property. >> reporter: and many stillng figuriut how to move

custody booked on weapons charges the home is owned by cynthia beck who has three children with gordon getty, the son of oil billionaire, jay paul getty. beck has not been charged. >> to see more than 1,000 guns and there is a school over there, that's scary. >> reporter: tonight police say why he had the arsenal and what he planned to do with it remains a history. miguel almaguer, nbc news los angeles. >>> up next for us tonight, inspiring america. twin versus twin who will win the battle for valedictorian? we )re following n san jose. a shootout at a cafe after three men in body armor tried to rob it. we )re live at the cafe. and is there light at the end of the transbay tunnel? what our investigative unit uncovered. next. right now at 6: opening a parking lot to people >>> in tonight's inspiring america, twin versus twin in a race to be head of the class here kerry sanders. >> reporter: sibling rivalry never paid such dividends, since the moment they were born, jimmy and tommy dilworth had been one-upping each other. >> i'm jimmy and i was born first. >> i'm tommy and i was born 12 minutes after jimmy. >> reporter: the t

jay ground den has to love seeing that.he also loves watching jimmy moreland, the rook has been turning heads. three interceptions today. the seventh round pick making an impact. the team back on the field tomorrow. >> thank you, georgat >>> doug, wh time are we looking for the storm to hit? >> they could be early in the afternoon, 1:00,2:00,3:00. the best chance tomorrow evening around 5:00, 6:00, 7:00. hot tomorrow, 90 degrees. and then som really nice weather. i like it -- i call them fantastic fridays. we haven't had many. >> we haven't. no. i can't even remember the last one. >> neither can i. >> all right. good news. thanks. >> thank you,tdoug. hat's going to do it for us. we thank y for staying up with we thank y for staying up with not all water is created equal. only 1 billionth of 1% is filtered turally. d emerges crisp and refreshing enough to be called deer park 100% natural spring water. born better® ♪ >> steve: welcome to "the tonight show!" and here's your hosty jimmfallon [ cheers and applause ♪

he echoed what jay powell has said recently. the economy is in a good place.s no need to move in either direction on rates anything's any change in inflation will prove to be temporary -- any reduction, that is. richard: inflation has been running on the soft side recently. we think there are some temporary factors to alleviate some of that. our baseline view is inflation will move up towards the 2% objective. we are certainly looking at the data closely. kathleen: into the bloomberg library to look at the chart. the fed main index. the core rate picking up food and energy. both of them moving far below 2%. that one is 1.5%. fed officials say it is not an issue because will eventually move higher. the big monetary policy review, he would not comment on any specifics, saying he does not want to opine had of that. randy coral op[iined. he said so what if it is running at low interest? that is almost 2%. if it is 1%, he would be concerned. he says the fed's content and not make any heroic moves to boost it higher. paul: ok, richard clarida saying things are in a

. >>> democratic presidential candidate and washington governor jay inslee has unveiled his clean energy plan. this is inslee's first major policy. electricity, new vehicles and new buildings. it's a ten-year plan and requires utilities to be carbon neutral by 2030. it includes tax incentives as well for companies using zero emission technologies. back to you. >> a bay area startup is selling something its founder wishes didn't have to exist, bulletproof clothing. wonder hoodie. the company sells bulletproof hoodies, denim jackets with sizes available for men, women and, sadly, children. the hoodie can protect people from weapons like a 44 magnum. >> i'm wearing it up right now. you can protect the sides of your face and back of your head. when you don't want to use it, close it up like so and then you can't even tell that it's there. >> tran says she wanted to create her own bulletproof clothing line after a neighbor in her hometown of seattle was killed in an armed robbery. it's a sad reminder of the reality we live in today but wants to protect her family and others. >>> it's 5:20 now

jay gray has more. >> the grieving family- now blamingr tiwoods, his girlfriend and other employees atda, lawyers say 24-year-old nicholas -- was a bartender at the woods in jupiter. after working a lunch shift, spent three hours drinking at the bar before dying in a car crash his way me. >> when he died, nick three times the legal limit of alcohol from the woods in his system. >> lawyers say everyone at the a restaur knew he was an alcoholic. instead of getting him help, woods and his girlfriend, the general manager, sat with him at the bar as he brank daysfore his death. they also accuse employees of destroying key evidence in the case. >> they knew about the cra that night. shortly thereafter, that video evidence was then destroyed and deleted off of the servers that they had at the woods. >> woods was asked about the situation while preparing for the weekend's pga cha ionship. >> we're all very sad that nick passed away. it was a terrerle,ble night. terrible ending. just feel bad for him and his entire family. >> a very different emotion than just a month ago when woods won the maste

jay gray, nbc news. >> and now at 5:00, justice for the families of twooung murder victims. >> this has two years in the making, the two fairfax county residents found murdered in december of 2016 just days before christmas. >> police say the suspect fled to ethiopia. he wasct indi for that crime three months later and now after more thantwo years on the run, he's behind bars on u.s. soil. >> after two years and nearly six months, justice day has arrived. >> our northern virginia bureau chief, julie ca

corrective surgery has helped jay to continue the sport she loves, and acts as a reminder to make the most of every opportunity. does she have her eyes on the world cup prize? there is a massive chance, but you have to bring yourself down to earth, anything can happen in football, you have to perform when it matters. england will look to start with a win against scotland on the 9th ofjune. nobody wants it more thanjade moore. meanwhile scotland women meet up for the first day of their world cup training camp tomorrow after their squad was announced last week. staying in scotland and dundee united host st mirren at tannadice tonight for the first let of their premiership play—off final. st mirren finished second bottom of the top flight while dundee united were championship runners—up. there's full coverage on bbc radio scotland. still to come on sportsday: the latest part of our change the game campaign, we speak to vicky thornley about women in sport and body image. i wanted to be thin and not have muscle, and the thigh gap. i am horrified now that i even thought about those things.

jay powell this week addressed critics who argue the fed is asleep at the wheel. this hasrn rises over the poses of leverage lending to the financial system. powell agreed it looks a lot like the mortgage industry in the run-up to the subprime crisis. .egulators are watching closer the financial system is in better shape. he pointed to mutual funds. investors have been whipped into a frenzy over eagerness for yield. cio of arena investors, a neat -- a new york-based firm. great to have you with us. is jaystion, simply put, it is not a crash threat. would you agree with that as a starting point to our conversation this morning? >> no. crisis,saw during the mortgages were obviously ahead of themselves. so were a variety of others within the yield universe. similarly, leverage funds are away beyond where they need to be from a credit perspective. there are several other areas where things have become overheated. where the fire starts, you never know. nejra: you are a chaser of liquidity. you are also unconstrained. around concerned leverage lending. where do you see the oppor

>>and so that has pushing governor jay inslee who has made combating climate change the central theme of his candidacy today unveiled his plan to implement 100% clean energy standards for key sectors of the us economy is a dark cloud. >>over america. and that is the dark cloud of climate change his announcement follows better or works release of his own climate change plan earlier this week. >>his first major 2020 policy proposals ts country. >>needs direction when it comes to meeting the single greatest threats that we've ever faced. >>jessica teen reporting for us tonight, the earlier comment was not president trump's first time calling senator harris nasty. last month, the president said that he did not see harris winning the democratic nomination and that she has quote got a little bit of a nasty wit. coming up the chilling night. >>here on the and the and on the and the fire camp this and you see him and yet we're in the cost living canadian building. >>911 calls are being released after the deadly shooting at unc charlotte details after the break. >>and another bay area city is

nbc's jay gra has n details about her sentencing today and the latest on lori loughlin's case. >> reporter: felicity huffman with her brother at her side back in court telling a judge what shesa first publicly in a written statement after her arrest. ility forfull respons my actions and will accept the consequences that stem from those actions. the tv starnd cried a at times struggled to speak as she admitted to paying $15,000 for someone to correct answers on her daughter's college entrance. ex part of a widespread admissions scandal targeted in an fbi stina called opertion varsity blues. sentencing will come later. prosecutors requesting she spend four months behind bars. >> she's like many white collar defendants when are in trouble for the first time. she's racing to court to plead guilty, cooperate with the government, get the lowest sentence possible and just move on with her life. >> she joins a list of prominent and wealthy parents pleading guilty in the scheme.st but that l does not include fellow actress lori loughlin or her husband fashionde gner. >> this is government prosecuti

. >> nbc's jay gray has new details about what happened inside a federal courtro today and why legalnalysts say that lori loughlin not guilty plea may have been a big mistake. felithty huffman her brother by her side back in court telling a judge what she 50 sa first said publicly in a written statement. i accept full responsibility for my actions and will accept the consequences that stem from those actions. the tv star cried and at times struggled to speak as she admitted to paying $50,000 to someone to correct answers on her daughter's college entrance exam. part of a widespread admission scandal targeted in an fbi sting dubbed operation varsity blues. sentencing will come later. prosecutors requesting she spent four months behind bars. >> she'sy like man white collar defendants who are in trouble for the first time. she's racing to court to plead guilty, cooperate with the governmentget the lowest sentence possible, and just move on with her life. >> reporter: she joins a list of prominent and wealthy parents pleading guilty in the scheme, but that list does not include fellow ac

has pushed me. >> reporter: governor jay inslee who has made climate change his central theme unveiled his plan tofor key sectors of the u.s. economy. >> there is a dark cloud over america. and that is the dark cloud of climate change. >> reporter: his announcement follows beto o'rourke's release of his own climate change plan earlier this week, his first major 2020 proposal. >> this country needs direction when it comes to meetings single greatest threat that we've ever faced. >> reporter: poll support focusing on climate change is it a good strategy, 82% of democrats say that issue is very important. and while each of those candidates mentioned in the story are doing what they can to stand out, they all continue to pull well behind bernie sanders and joe biden. jessica teen, cdean, cnn, washi. >>> how one man is looking to break every "jeopardy" record in the books and become a true trivia superstar. we'll tell you about it. tremfya® can help adults with moderate to severe plaque psoriasis get clearer. and stay clearer. most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48

washington governor jay inslee has been a climate warrior for a long time. in 2007 he spoke at the commonwealth club about apollo's fire, book he authored about an ambitious plan to get off fossil fuels. he is now running for president as the climate candidate. let's welcome jay inslee to climate one at the commonwealth club. [applause] governor, welcome back. gov. inslee: you haven't aged at all. [laughter] greg: we talked in paris. happy to have you here today. washington voters twice rejected putting a price on carbon pollution at the polls. how does that record make your state and national model and you and national leader on climate? mostinslee: the single important fuel sources the tower of perseverance. we have that in the state of washington. we also have a sense of creativity and that can-do spirit. didn't work, we d, e,ight to plan b, c, and f. we have created the most aggressive, strongest, most environmentally just and 100% clean electrical grid in the united states. i'm proud of that achievement. that is just one thing we have passed. we also pa

jay street come on and explain it the other way, because have i been recommending cisco, but jay street has up terrific numbers over time. larry in florida, larry? >> caller: hey, jim. >> larry >> caller: yep. >> go ahead. >> caller: question for you. centurylink, ctl i've been scanning into it since they cut the dividend and they shut the new business plan. >> right >> caller: and i like the fact that they were cutting debt, being the largest offenfiberoptn the country. potentially a buyout since they cut the dividend and i'm scaled into it, so i'm not a bad number, but just wondering should i sell it >> larry, i can't recommend this stock. i've been hating it all the way down i've been saying that there is no room for these guys i don't think you should own it. they've done -- they're doing their best, but it just ain't good enough. such an ugly day, but cell towers are shining i'm a fan of crown castle and american tower much more "mad money" after this week's plunge in malinckrodt is there any hope for this stock? or is there a bottom in sight? not clear. i'm going to give my take. >>>

jay powell has disagreed with the president about interest rates.ted herman cane and stephen moore to the board. now powell is telling people we have no reason to reduce interest rates. markets like when interest rates are low, that's why why with you're seeing a bit of a selloff, half a precent, a mild reaction. that brings this hour to a close to me. look for me on social media. thanks for watching. "deadline: white house" with nicole wallace starts right now. >>> hi, everyone. it's 4:00 in the new york. it was only a matter of time before donald trump's total and complete exoneration tour turned into a campaign against special counsel robert mueller. the very man who a short time ago donald trump believed totally and completely exonerated him. and as jim comey former fbi director wrote yesterday, donald trump has a way of eating the souls of the people who worked for him. it looks like the soul on today's menu belongs to emmet flood. he has slammed

. >>> washington governor and democratic presidential candidate jay inslee has unveiled a sweeping plano fight climate change, an issue at the center of his campaign. it calls for the entire electric grid and all new buildings and vehicles to emit no carbon pollution by 2030. his plan would require utilities to achieve 100% carbon-neutral power by 2030 and all clean, renewable and all clean electric generation by 2035 and all coal-powered plants to be shut down by 2030 and would use refundable tax credits to clean up the deployment of clean energy technologies. he also wants to ensure that new zero of emission vehicles are made right here in the u.s. by union workers. it also calls for the creation of a clean car for clunkers program, which would essentially provide financial incentives for drivers to exchange their less fuel efficient vehicles for zero emission vehicles. this was like the program set up by president obama in 2009. he wants to create a national zero carbon building standard by 2023 and then work with states and cities to integrate it into their buildings. he also wants

austerity policies and that's a helps as well to explain the populations it's not by chance time of jay johnny has any facts question at the top of their there is like a lot of things i say and they're tried by christian into europe. to address this problem since by solidarity it's through you know you're inspired by asking for all our fundamental rights is lying respect of the right wing is a mind that you have to go for a so it was iraq it was one thousand and ten pensions are going to before we need to and i share one last call that we want to fight to the last few years and as we hear it here we're not supportable as. good as the people we should give them protection europe has been a near liberal project much too long and far away from the citizens it's good for the companies in the multinationals we need to give it back to the people and give them social interaction and say we are a little engine of a society was don't need all your blood it's lamb you're qualified and i'm so thrilled by your live i. the unit of the they are in. the mind of nations not because the gentleman is the light of m

has not ruled out taking action in venezuela if necessary. john bolton called a meeting of the national security council yesterday to consider the u.s. response. >>> washington state governor, jaytudio in the last hour. he has made climate change the main focus of his campaign and he told us, it is not just a single issue. >> this is all of the issues, it is an economy where we have had $1 billion of loss and utilities going bankrupt because of the fires. it is a health issue, i met a couple in new hampshire whose daughter missed 2 years in college because she got lyme disease. >> jay inslee entered the presidential race two months ago, since then, he has been campaigning around the country. you are going to meet one of the more unknown presidential candidates this weekend on our political show, the issue is. marianne williamson will be the guest saturday morning, 6:30, followed by mornings on 2 from 7 am until 10 am. >>> this morning, another democrat has just joined the race for president in 2020, the colorado senator, michael bennet made the announcement this morning. he used to work at the denver school district, and he is 54 years old, he is a survivor of prostate cancer.

jay powell has talked about, edward lawrence our colleague asked him about it, a healthy outlook for growth what he talked about. maybe market and investors ahead of themselves, expecting a rate cut. how do you see it? >> i think that is ridiculous which is why the fed should be abolished anyway. if you have 3.2% gdp growth, 280,000 print in adp jobs this morning, struggle for jobs, struggle for everything else, input cost of farmers and cost of services are boeing higher yet we've got a problem. you tell me why this economy is if it is so good why can't they hike rates? why are we talking about cutting rates? i understand the political side of it, but from a straight monetary standpoint the fed should be ended because they can't make a decision. let the free market decide because there are higher interest rates everywhere but the federal reserve. melissa: the pictures on the side of your screen there. these are violent clashes escalating in venezuela. we've been watching this as opposition leader juan guaido is calling for the largest march in the country's history against disputed

>> this is a delicate press conference for jay powell. he haskeep the neutral stance and being open to anything while there's going to be a constant force of getting him to say the fed is going to cut. there will be a focus on the interest paid on excess reserves as a result. that's something they thid dud cut. >> i wonder how he's -- if they say well, we have growth, you have markets you all have these things -- let's listen in. >> good afternoon. welcome. at the fomc meeting that concluded today we reviewed economic and financial developments in the united states and around the world. and decided to leave our policy interest rate unchanged. my colleagues and i have one overarching goal, to use our monetary policy tools to sustain the economic expansion with a strong job market and stable prices for the benefit of the american people. incoming data since our last meeting in march have been broadly in line with our expectations economic growth and job creation have both been a bit stronger than we anticipated while inflation has been weaker. ove

. >> jay my hunt has an unintend the consequence in the gulf region he told reporters in brussels thet an escalati escalation mike pompeo held talks with his european counter parts in brussels he reaffirmed the support from 2015 noourk deal and said it's in europe's security interest to hold on to it. sticking with brussels, several top e.u. jobs will become vacant after the european election, including the presidencies of the european commission and the yourp even council our colleague can give us a few more details >> that's right. up for grabs look forward to the yen e end of the year. woel see the european commission, european parliament, european council as well as the european central bank. the way that the year was going to decide who gets which job is by getting together by putting together the 28 heads of state, and they will try to strike a balance between nationality, political affiliation, and gender let's look at european commission in more detail because there's a lot of talk about who might become the next president of the commission context of the upcoming europea elec

owned by cynthia beck who hasen three childr with gordon getty, the son of oil billiaire, jay paul getty, becken hasot be charged >> to 1,e more than 0 guns and there is a school over there, that's scary. >> reporter: tonight they had the arsenal and what he planned to do with it remains a history. miguel almaguer, nbc news los angeles. >>> up next for us tonight, inspiring america. twin versus twin who will win the battle for valedictorian? go t. rowe price experts beyoi investment opportuni firsthand, like biotech. be cause your investments deserve the full story. t. rowe price invest with confidence. cake in the conference room! showing 'em you're ready to be ur own boss. that's the beauty of your smile. bring out the best in it with crest 3d white. t cresmoves 95% of surface stains... in just three days. and relief from symptoms caused feel the clarity of non-drowsy claritin by over 200 indoor and outdoor alrgens. like those from buddy. because stuffed animals are clearly no substitute for real ones. feel the clarity. and live claritin clear. (burke) at fso we know how ton almost evercover almos

gates: legend has it that jay edgar hoover had a rule that all fbi memorandum must have large margins to allow room for notations. after reading the document, he wrote "watch the borders." he later learned his subordinates sent several agents to the direction of mexico and canada when he had simply been referring to the margins. bob's staff would not be intimidated into not asking for clarification. i have known and worked with bob mueller for more than a decade. i was at texas a&m when in the wake of the september 11 attacked, he reached out to find more effective ways to conduct investigations while respecting privacy and principles of academic freedom. under president obama, we shared the experience of being holdovers from the previous administration that kept being asked to stay on, on, and on, and on some more. ler's life hass willingness time and again to a constant theme of bob mueller's life has been his willingness to forgo comfortable and lucrative avenues in order to serve his country. as a graduate of princeton, nyu, and the university of virginia, bob did something quite

has been owning j. powell. are we seeing an eroding of that? is that potentially deleterious? >> if somehow jayff his plan to normalize interest rates after nine or ten years of a zero interest rate policy, which needs to happen, is desperate to need to happen, if somehow jay powell is moved off of that through the president's job owning and is now talking about lowering interest rates, yes, wall street begins to notice that. >> great to speak with you, as always. bill cohen, thanks for joining us this morning and my thanks to all of you for joining me at the table here this morning. stay with us today and tomorrow when elie mystal joins us. "up" sunday starts right here at 8:00 eastern. >>> up next here, constitutional crisis, officials held in contempt of congress as those contempt c contempt citations are expected to pile up. are expected to pile up (music throughout) so... your student loans are holding you back... from buying a house, investing for retirement, and living your best life? it's time to refinance your student loans with sofi. you could get a lower monthly payment, amazing cust

shery: health care has been another sector that has been really underperforming here in the u.s. are regulatory concerns valid at the moment? jayabsolutely. culture has had some of the best earnings yet has been one of the worst performers. the market is saying we care much more about what congress is what the data is showing in the financials. sort of policy decisions of congress, that could really big a big -- really be a big impact. paul: what are your thoughts on apple right now? that is something we were discussing in the last hour. applerse, there could -- could because will tee in the trade war. if huawei funds become unappealing, is there an opportunity for apple? jay: they are at the crosswords of this u.s. china trade war. this is the second biggest company in the u.s.. it is probably one of the best well-known brands in the world. if china were to retaliate, it would be against apple. however, you are starting to see this market of the smartphone arrow starting to really be trade iszed, where less and less likely. it could be an opportunity for apple. it is a threat right now. very of 2:10's. do you have any contrari

powell talked about over and over, even though their policy statement did acknowledge inflation has weakened. jayowell seemed to express confidence that this would be transitory. let's listen to what he said at the press conference following the fed's meeting. --ir powell: kathleen: what he said is that inflation has fallen to 1.5% year-over-year. let's look at one of our bloom -- our bloomberg charts. it tells the story well, one picture is worth 1000 words. you can see on the right-hand side of your screen, the headline number fell to 1.3%. you can dismiss that as oil prices, they go up, down. the fact that the core is down to 1.5% year-over-year that got people thinking the fed could be getting ready to at least open the door to the possibility of a rate cut. said thatd president recently. jay powell said these are temporary factors. portfolio management services, the prices of those have fallen, that could be temporary. think of the shoes, clothing, how temporary cannot be if online shopping continues to keep prices low? he talked about airfares. autumn line, current policy stance is appropri

jay inslee is running for president. he has called for end to coal fired power plants by 2030 in the past you suggested that's not possible. is that possible by 2030? or what is the future of coal in your mind. >> i think first we have to address climate change. and you can look in montana -- i mean, in the time i've been here, solar power, 400% increase. wind power 200% increase. we would do that much better if -- the most ant kuwaited piece of equipment we have is the grid. we have the best wind in the country if we could get it beyond the state's bordering. i think coal for the foreseeable future is going to have a place in our country. but let's actually -- if we can put somebody on the moon why can't we invest in technologies to decarbonize totally. we do enhanced oil recovery in montana, one example. we pipe the co2 up from wyoming, not here. we need to fundamentally address climate change. i see it here. i said the second worst fire season of our state's history. 1.3 million acres burned. while you're here visit glacier

jay powell has talked about that. that the -- the oecd saying that that constrains the ability to raise rates. thati think it is correct we are in a presidential election. the likelihood of a crisis i think is less than you would peacewhen you watch the parts. but i do think we will find our way through this before there is a crisis in trade to come but there is, of course. alix: this is a conversation we would have a year ago and say do you think the u.s. economy can tintin you -- economy can continue to be good. do you believe that is the case? inst: the corporate sector the u.s. continues to surprise us in a very positive and popular way. we have to watch these other issues play out. the impact of trade wars on imports in the u.s. will be quite dramatic. david: what is the effect on capital investment? bob: if you think about any country where manufacturing is at the heart -- germany is a good example -- they took a big hit in the fourth quarter. people haven't talked about it taylor: germany has -- about it. germa

jay powell has a new word, transitory.hair powell: we expect some transitory factors may be at work. we have reason to think that some of the next but you decrease appears to be transient. there's good reason to think these readings are particularly influenced by some transitory factors. there's reason to think those would be transient and turnaround. are baseline view remains that with a strong job market and continued growth, inflation will return to 2% over time. david: for those of us old to remember groucho marx, a new magic word. [laughter] david: now it is transitory. what he is saying is don't worry about inflation going south of 2%. it is going to come back again. hasn't he said this before? stephanie: i think this is one of those times where he was, on purpose, was an element of strategy here. the markets are firmly expecting a rate cut before the end of the year, which went quite far beyond anything the fed has talked about and what we were seeing in the data. i think you see a bit of a push back their. it did p

rates very, very closely and at a time when president donald trump has been very vocal about the fact that he doesn't like how fed chief jaysing rates, now of course they're in a pause mode. what does he think about the great rate debate? >> donald trump just recently urged the fed last week to cut rates by around 1% saying the economy would go off like a rocketship. >> the presidents had always wanted particularly with the election year coming up and that's not unusual. >> warren buffett telling me, quote, jay powell is the best person for the job of the federal reserve. neil, we're going to go back upstairs and continue to listen to this, lots of breaking news out of the berkshire hathaway and shareholder meeting. we caught up with charlie munger, and 95 years old yesterday. he and warren were sitting in a golf cart and drinking coca-cola. these guys and their energy level is unbelievable. they'll go another five hours or so through the weekend. i'll send it back to you. it's incredible. i'll save you a dilly bar if it holds. neil: outstanding. you go, girl. lizzie clayman gets access to everyone. and two very big cheese

this general licence that allows the shooting of 16 species of birds, including crows, jays and wood pigeons. this hasthis latest controversy, some farmers are really cross because they say it is playing havoc with their farming calendar and they cannot protect some of their own species. that is what is behind these threats? unfortunately lots of fake news has been generated off the back of this. our purpose was to question the validity of the implementation of these licenses, there is no doubt that in the way they currently stand and operate, huge numbers of birds are killed not because they are pests or damaging anyone‘s interests, simply because it is legal to kill them. people will go out with the sole purpose of killing something for pleasure. at no stage have we ever striven to make it any more difficult for farmers or anyone with a vested interest in whatever they are doing to control animals they might consider pests. but in order to do that they had to show they have explored every other means of control — scaring them, netting, so on. as the licences stood, but was not being satisfied. what

climate change ranks number one among issues for the party, and just this morning, governor jay inslee of washington has% clean energy for america plan. >> we must recognize that there is a dark cloud over america and that is the dark cloud of climate change caused by carbon pollution that is a threat to the people of the united states. >> inslee's plan is based on a 10-year plan that starts with executive action on day one and it focuses on three main ideas. number one, 100% clean energy by 2035. he says this, quote, we'll be the backbone of our economy, powering our homes, vehicles and industry. number two, 100% clean vehicles by 2030. this includes zero emissions in all new light-duty passenger vehicles, medium duty trucks and buses and number three, 100% clean buildings by 2030. the plan notes that climate pollution from buildings increased by 10% just last year. joining me now vaughn hillyard. this is his first major policy rollout. help me understand this. while this new cnn poll says this is a top priority for democrats, jay inslee wants to get the democratic nomination, but he wants the country

the problem in san antonio, one of the communities that i represent, has been so extensive that jay avola has initiated an entire television series called "show me your bill." and i think a quick video clip from that adequately demonstrates the problem. i'll ask that it be shown at this point. >> two-thirds of americans say they worry about receiving an unexpected medical bill. a surprise bill you thought your insurance would cover. tonight news 4 troubleshooter jay alvarez launching a way to fight back. show me your bill. >> there are two main types of surprise bills. when you go to an emergency room that's not in your insurance network and they charge you for the portion your plan won't pay, or one of the doctors isn't in network. so you get a big bill from them. then you get the runaround trying to straighten it all out. but starting tonight, show me your bill and we'll go to bat for you. lavera vincent is a good example. she paid $750 a month for insurance coverage. one day she began suffering chest pain and says she actually called ahead to make sure the emergency room took her insur