banking veteran and former bb&t ceo john allison being mentioned.is cv includes -- resumÉ, really, being named for the harvard business review as one of the top 100 successful ceos in the world in the last decade. >> we're joined by john allison. in skooexecutive residence at t wake forest school of business. glad to have you today. >> thank you very much. good to be with you. >> is this a position you want and one you think you're likely to get? >> that's an interesting question. i spent three years in washington, d.c., running the libertarian think tank. it was an interesting environment. i am not so sure i want to go back into that environment with all that's going on. i know a lot of things i'd like to see the fed do. but how practically you could implement them is hard to know. i have mixed emotions. >> but you're not saying that you don't want the job as vice chair, or as a vice chair. you wouldn't turn it down if offered by the president, would you? >> i don't know. i don't know. since it hadn't -- nothing formal has been said, so i don't rea

>> ♪ >> reporter: if you guessed 1967 hit some kind of wonderful written by john allison, you would beind the big fine car and allowed 12 year-old singer guillen a caruso to take the riding wheel. >> ♪ everybody stand up, and feel like do i ♪ >> reporter: it was her idea to collaborate on a anti bullying anthem using his song >> no one should be bullied. no one should feel pain, and like feel like they shouldn't go to school. it just shows you thaw are some kind of wonderful. you should be confident with your self. >> reporter: inspired by gianni a's hope, john kept the chorus but. >> with that message, you know , listening to her and my mind just went back as opposed to being in love, it means, i'm in love with myself. >> ♪ >> reporter: gianni then turn the anthem into a music video on you tube. >> the good thing about the way she thinks, everything is positive. if they get that message, that she's putting out there, it will touch the world. >> i have been ignored, i have been excluded, but i just want to show people that they are some kind of wonderful. no matter what happens you wil

you've heard it in john allison's comments. there are many things he thinks the fed needs to do. it depends -- it's unclear whether or not they'll actually be able to do them. it's also important to know that there are other people who are in the mix and whose names have been floated to join the fed. among them are david nason and judy shelton who is someone who has worked at the atlas network. she is someone who has advocated for the role of gold in monetary standard. i know that i saw her at steven mnuchin's confirmation hearing, and when i talked to her she told me she is definitely interested in joining the fed. she's another person to keep an eye on. >> ylan, 30 seconds left, what's the latest you're hearing of the fiduciary role and whether that can be delayed in terms of its implementation? >> reporter: well, actually, the administration finally submitted a proposal to the omb in order to actually delay that ruling. it said they were going to go for a delay of 180 days. they didn't do that previously but now they submitted rule making, a draft proposal in order to do so. w

about would love to get rid of dodd-frank all together and has said in the past -- i think it's john allison, i think is his name -- said he can't work with the fed chair in this environment because i asked him about that earlier this week or last week. >> she had an interesting response about this new vice chair of supervision. she goes, it takes the full board to change a regulation. and that was a -- it's not going to be just one person coming in. now, they threw -- >> how has the regulation -- >> he stepped aside which i think was a sort of classy thing to do on his part, opening the y for president trump to do that. it will take a majority of the board, which president trump will have over time. but not as quick. >> do you buy stocks today? do you continue to buy banks? >> goldman sachs. regions. bank of america. >> not getting out of them. i believe they go higher. ultimately, it will matter. u.s. dollar moving higher matters to financials most. >> are you afraid ahead of a march move? >> no, i've been buying. i bought e-trade today. i bought cyclicals. i bought more caterpillar. my th

why don't we talk to john allison, possible replacement for daniel, the guy who wrote the bank regulationsme to the program, john, good to see you, sir. >> good morning. stuart: i'm saying that you may be on the federal reserve, you may be replacing daniel and i'm assuming that you would want to get rid of those banking regulations, is that accurate? >> it's certainly accurate that if i had the authority i would get rid of most regulations that have been imposed since dodd-frank and a lot that weren't specifically relate today dodd-frank that the regulators are simply arbitrarily tightening lending standards that have big impact on small business growth rates and job creation by small businesses. stuart: does that mean that it's pretty sure that we are going to get an end to those onerous regulations, can you say that? >> i think that's very probable. because the regulations have been destructive and, i think, president trump will recommend somebody that wants to roll back the extreme handedness from the fed that's been bad for the economy. stuart: i know a few community bankers. they tell

we've spoken to john allison who would like to do away with the fed and then we talked about if thereeeds to be more business people and practitioners which might imply nothing in terms of monetary theory and just bring a more pragmatic perspective. how do you think that might shake out here? >> trump has a dilemma on his hands, doesn't he? he really does need low interest rates to pass through a lot of the more aggressive legislation that he's got proposed. if the borrowing costs of the country skyrocket, that's not going to be good for his first two years in office, call it, but i do hope that given some of the appointments that we've seen, that he does put more pragmatists in. if you read the original 1913 federal reserve act, it actually mandates that the president appoint people from a diverse number of industries to the federal reserve board and it's clearly straight from that initial philosophy. >> as i understand it, the federal reserve act had 12 districts, 11 districts, because they wanted them to be within a train's journey over the course of a day to move checks around. th

david: we want to bring in john allison now from his home in north carolina. the program. good to have you. >> good morning. great to be with you. david: you have not been shy about the fact that you think there has been too much regulation. if you had to write your check right now, where would you start in cutting it back? >> i would change the game in the sense of requiring banks to have a higher level of capital, and then essentially and most of the regulations. the possibility of the banks failing is very, very small. we have tried to dial -- to do is raise capital and regulatory calls which does not quite work. so, they really have not increased their capital the way they should have it they did not have the regulatory calls. i like the choice act that is being proposed in congress which is an opt out. if things do not want to raise the capital, they can be highly regulated. if they do not have the capital, then they do need to be highly regulated. but if they do have the capital, they need to serve their client base. cohn, we spoke with gary he was very s

tom: very good, john allison will join us this morning.and jim -- chief executive officer of principal group. i want to bring up the vanilla chart. the litmus paper we use. jordan, help me out with your view with a full faith and credit spread in the united states. the steepness of the yield curve. we've shown this chart too many times. the election the next day. we are in this massive trend. how do you break out of that? jordan: if donald trump keeps the market uncertain as to what he's doing with the national debt that you have that toxic steepening in the euro curve. i think that's a bit too far-fetched. what you could see is pickup in part to the growth -- in productivity growth. one thing with them been caught off guard is by -- tom: jump on this distribution. we do the single best chart twice on bloomberg surveillance. the idea of the fan distribution, the option analogy. is that good thing that we have some he choices of where we are going? jim: a good thing to keep the market on its toes because then it will be better price discove

onid: we had john allison and we talked about that.h different answers two different questions, but different questions. he said we have been paying too much attention to the big guys, and not enough to the small, regional people. will we have that shift in the fed's emphasis? jim: you could have a completely different shift in regulation. successful bankers will say that dodd-frank has been too much of a burden. the fed's regulatory powers have been too much of a burden. that is why financial stocks have done so well postelection. on the other side, they will ask hard questions about monetary policy. has qe worked? has it created jobs? do we need to continue with the large balance sheet and extreme policy? maybe we should be more aggressive in undoing it. those are the questions they will ask. whether they will have a quorum to vote that in is another thing, but they would ask different questions. alix: how do you build a portfolio to tie this in? utilities and yield sensitive stocks look more appealing. industrials and materials -- i

we had john allison on, and he said that is fine for big banks.re in a different position. will it benefit the smaller, regional banks more than the big banks if regulations come back? alan: it depends how they do it. if they do it in a smart way, they would maintain strict requirements on the systemically important institutions, maintain surveillance from the financial stability oversight council, and then these up on some of the unnecessary burdens on smaller banks. jonathan: that is what you think they should do. what will they do? a place tonot think start was with the fiduciary responsibility rule. who wants to be in a situation where financial advisors can be looking out for their own interest, and not that of their clients, and for the clients not to be aware of that? that does not seem to be in the interest of the vast majority of american workers. jonathan: another change we can see is where these discussions take place -- in international forms more specifically. play this week, a stunning letter sent by patrick mchenry read as follows -

paris, london, sydney, they're talking who will donald trump pick, could be john allison from bb & t.tuart: the banking rules without going through congress and changing the nature, the makeup of the federal reserve garns. liz: and janet yellen's term expires next year and he could change the look. stuart: without going to congress. got it. >> he could make ron paul the chair. [laughter] talking about live action president. well, listen to this, a rewrite of the president's executive order on immigration could be coming sometime today. the aforementioned, large voice that we heard from judge napolitano is here. >> couldn't help myself. stuart: is it possible to rewrite the executive order on temporary travel restrictions in a way that the courts would accept and the people would accept? >> okay, i think here is an interesting way to look at it. probably the most liberal, probably the most pro-rights of immigrants, probably the most anti-trump opinion he's ever going to get is the one he got last week on thursday night from the 9th circuit court of appeals. if he and his people take th

michael: john allison, we talked to him, former head of bb&t bank now teaching at wake forest. itself should be abolished. not a fan of a lot of thinking relation. ,om honig has been mentioned now with the fdic, though he may be a little bit more of the fed cheerleader, having worked in the system, then donald trump is looking for. a certainly gives trump chance to reach of the regulatory portion of the fed. he can put three governors on, he could start pushing the fed into different monetary policy directions of you wants to. year, he has next to decide on a new chair and by share, when he wants to keep them in their jobs. this is oftenvid: fraught with politics, the same true for the fed board. can we expect there will be politics interceding? michael: there will definitely be politics interceding. it has for years. haven't been able to fill out the full seven-member board for years. it's only been three years in the last 10 or 15 where they had a full comment of board members. >> is the process the same? do they have to be confirmed? michael: they are not rated by the presid

allison feldman's murder two years ago. >> i've lost sleep over, sure. >> reporter: defective john heinzelman has been investigating allison's the very beginning. a case with no arrests and no suspects. but one key piece of evidence. the killer's dna. >> this person could be incarcerated in another state that we just haven't figured that out yet. it could be somebody that's never been arrested. it could be somebody that's only arrested for a misdemeanor. >> reporter: with no dna match in the database, scottsdale police are asking members of the community to voluntarily submit a sample of their dna. >> at this point, it's used as a rule-out method as well as this could be our person. >> reporter: the request raising legal concerns by some. >> this, to me, is a textbook random and arbitrary search that is unconstitutional and unlawful. >> reporter: for feldman's loved ones, it's a welcome sign that police are not letting her case go cold. >> they've been true workers in trying to find her killer. >> reporter: the family gathering at a vigil friday to mark the two-year anniversary of the 31-year-old's slaying. >> it's been two

joe johns live at the white house with more. >> good morning, allison. lies about ties to russia now part of the shockwaves here at the white house quite frankly as the administration tries to deal with what is next. >> it's what lead the president to ask for his resignation. >> we have no idea why flynn was doing all of this and why he was trying desperately to help we need answers to a lot of questions. >> the white house reveals the president knew for weeks about the calls with russia. the justice department first warning that intercepted calls showed that flynn mislead them. lying about discussing sanctions with a russian ambassador making him vulnerable to blackmail. that same day the white house says the president was briefed. >> the president from day one from minute one was unbelievably decisive in asking for and demanding that his white house council and their team review the situation. >> but he waited 18 days to demand flynn's resignation and kept vice president pence in the dark the entire time. flynn's call to the russian ambassador happened

john greenburg thank you very much. appreciate the help as always. allison as you like to point out this president met with more business leaders than we have seen early on. he has an ambitious tax agenda to make up the gap for a lot of people that haven't shared in the economic prosperity that's come along with the stock market but all the fighting about what is fake and distractions kept his agenda on hold. >> we'll get into all of that because president trump at his explosive news conference is what we'll be talking about next. our media experts are going to take us through the most remarkable moments. for great skin, you don't have to go to a spa... ...just go to bed. new aveeno®... ...positively radiant® overnight facial. get the benefits of a spa facial... ...overnight. aveeno® naturally beautiful results® hashtag stuffy nose. hashtag no sleep. hashtag mouthbreather. just put on a breathe right strip. it instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right. abdominayou may ha

johns live at the white house. good morning, joe. >> good morning, allison. the trump administration guidance on transgender bathrooms this morning is for schools to ignore what the obama administration said about this issue but they really don't give any new guidance other than that to the schools on what they're supposed to do next. >> the federal departments of justice and education issuing a letter to public schools saying they no longer need to allow transgender students to use the bathroom of their gender identity rather than the gender they were assigned at birth. the white house arguing this week that this isn't an issue for the federal government to decide. >> the president as i said yesterday as a firm believer in state's rights. >> the move in stark contrast to candidate trump's position last april. >> they use the bathroom that they feel is appropriate. there's been so little trouble. >> so if she were to walk in to trump tower and use the bathroom you would be fine with her using any bathroom she chooses. >> that is correct. >> sources tell cnn t

johns. he is live at the white house. good morning, joe. >> good morning, allison. so much has happened. they're looking for a new labor secretary this morning as well as looking to settle on the name of a new national security adviser. it's been a brutal week for this new administration and it's not over yet. >> general flynn is a wonderful man. i think he has been very, very unfairly by the media, as i call it the fake media in many cases. >> president trump defending the man he just fired. national security adviser michael flynn and slamming the intelligence leaks that exposed flynn's lies about his communication with a russian ambassador. >> it's very, very unfair what happened to general flynn the way he was treated and the documents and papers that were illegally, i stress that, illegally leaked is. >> reporter: now threatening to effect their agenda. >> of course i'm concerned. >> reporter: but some republicans are towing the president's line showing more interest in the legality rather than flynns ties to russia. >> we need to find out who the leaking moles are. >> reporter: the

it is day 25 of the trump presidency and joe johns is live at the white house with the latest. good morning. >> good morning allison. unsure footing here at the white house as this administration tries to move it's way through multiple controversies including questions of confidence and trust involving one of the president's personal advisors who hahnels some of the most sensitive national information. president trump's national security advisor under fire. the white house side stepping questions about flynn's future. >> does the president still have confidence in his national security advisor? >> that's a question that i think you should ask the president. >> u.s. official confirming that general flynn did discuss u.s. sanctions with a russian ambassador before he was sworn in. contradicting denials. >> they did not discuss anything having to do with the united states decision to expel diplomats or impose it against russia. >> on thin ice despite the refusal to address the fire storm. >> i don't know about it. you i haven't seen it. what report is that? >> a senior administration official telling cnn flynn has no

johns live at the white house. good morning, joe. >> reporter: good morning, allison, it was bob harward who was that top pick to replace michael flynn as national security adviser, he said he didn't want the job and administration insisting it was about spending more time with his family but friends of harward said he didn't want to get involved in the white house swirl, a swirl that reached a peak just yet with the president's news conference. >> the press honestly is out of control. the level of dishonesty is out of control. >> reporter: president trump unloading on his critics. >> i turn on tv and open the newspapers and see stories of cha o chaos. it's the complete opposite. this administration is running like a fine tuned machine. >> to be honest, i inherited a mess. it's a mess. >> reporter: holding court for more than an hour, the president defending former national security adviser michael flynn, fired this week for lying about discussing sanctions with a rush ambassador. >> i fired him because of what he said to mike pence, very simple. mike was doing his job. he was calling countries and counterparts. so it c

allison? >> hello good to see you this morning thanks for having me on. >> lots of films in threaters today. amazing film. johnick and lego if you have not seen though do a double feature don't take kid to john wick ii not a good kids film. director of this movie is phenomenal movie hero in early 2000 incredible movie. i had a lot of high hopes for this i love matt day monday and good will hunting and borne series. matt damon's character helps defend wall of china from mystical creatures. it's fantasy. the visuals are awesome. the idea they actually built one kilometer role to recreate the set a bit it's a huge massive hope to or epic deal was amazing. matt day monday by the way, accent changes, tear im. i thought every time he spoke in the film he had a different accept echt and also the script is painfully bad. and the problem with this is audience -- the script treats audience like we're idiots. >> they built a film around effects. >> the problem with the movie it keeps over explaining things to you that you're watching on screen. so for example -- it doesn't say this in movie it would explain to you what y

johns just brought us that children are afraid that their mothers are going to be deported under these newer, broader standards. do you worry about that? >> absolutely. these are human beings, allison. my heart goes out to people in an uncertain state. that being said the last time the country handled immigration in 1986 donald reagan was president. somebody that's a hero will be coming together and is a big part of that and unfortunately there was a moral hazard associated with that where it almost encouraged more people to come over illegally instead of less and i think one of the things that donald trump is trying to do is send the message very clearly that you shouldn't try to cross the border illegally. you should only try to come legally and that helped solve the problem for the future. and you have to distance a breitbart -- now do you understand why college campuses didn't think he should address the student body. >> i do think the tapes i was made aware of over the weekend that talk about criminal sexual contact with children is beyond any barrier. that being said is its mostly run by people that don't have politics obviously. try to shutdown voices on the right. there's d

traffic clara barton,, cabin john and mc arthurc a boulevard and you're also to the inner loop from 270.70 take a look at metro with yourou next look at traffic.ff allisonnational security adviser could be in trblble. mike flynn's job could be in jeopardy after reports he spoke to russian ambassador before the president took office. >> it's not clear if thef t president has confidence in onen of his top advisers. ais doug luzader joins us with thewt latest.late. doug, what are you hearing? arei >> reporter: allison andis a steve, good morning. well, kind of on the bubblehe here, right? you see in b this picture flynn right at trump'sap side where he has been manyn man times in the past. pas will he remain there? it's tha' the big question now.ow it's tough to see in the dark, but reports say it looks likekse national security adviser mike flynn was trailing the presidenh after air force onee landed bac at andrews last night. night flynn is still part of the sll administration, but are his days now numbered? top white househu yesterday.stery. >> it's a sensitive matter.r general flynn has served hisrveh country admirablely he served se his country with d

, cabin john andnd river road inbound also dealing with some pretty heavy traffic.f 66 inbound also remains heavy metro on time except fort for safetrack surge 12 impacting tht blue line. allisond for the future of soccer for professionally here inonally h washington, d.c. this will be their new home. the official audi field ground n breaking ceremony takes placetap 3:00 o'clock this afternoon inct southwest d.c. down by nats by n park. the stadium will seat 20,000 200 people and look beautiful fitutf looks anything like theythingike renditions set to open next year buzzer point should be great. bg basketball now local mascot look at everybody town g turning out test tide dough and abe and slap shot cass soles mascot is out ot there celebrating the birthday of wizard mascot g whiz.hi wizards ha the court hosting the cats.s he blows it down.own. 23 points but wizards were downn by 24. tough win when you fall back fab that much. they closed it win ten but theyy lose 102-92. >>> women's hoops maryland finish themen' regular season i great note.gr it was senior day.enioray. final home game for the inside outside tandem of jones and kimd bro. two seniors did not disappointpo lookin