loretta mester will be here to talk about the fed's thinking and the day after the selloff. >>> firsthe theme is confusion and anxiety. you can't tell that when you look at futures. we have seen futures move higher throughout the morning in the green across the board. s&p 500 off 20 points. again, looking at yesterday, we saw historic selloff on fed decision day the s&p coming off the biggest one day drop according to bespoke. the dow riding a ten-session losing streak. the biggest in 50 years. going back to 1974 the lone winner was united health, but it was down 17% since december 4th the s&p has lost $2 trillion of market value since 2:00 p.m. yesterday when we got the fed decision bond yields continue to move higher ten-year yield at 4.52 it moved ten basis points higher since the fed cut, it moved 75 or 80 basis points higher. right now at 4.52. we want to look at crypto. the selloff hitting that area as well bitcoin trades around the clock. it is well off the high it hit two days ago of $107,000 >>> that is the money set up we turn back to the fed. it's .25 point cut what turned

this program is stronger because of you, loretta. >> we will miss you so much. and retirement, relaxation, joy and lots of new adventures. thank you. thank you. [applause] >> and that is the "newshour" for tonight. >> on behalf of the entire "newshour" team, thank you for joining us. >> major funding for the pbs "newshour" has been provided by -- >> and with the ongoing support of these individuals and institutions and friends of the "newshour" including kathy and paul and dear and camilla george smith. working for solutions to during water change. for more than 50 years advancing ideas and supporting institutions to promote a better world. and with the ongoing support of these individuals and institutions. and friends of the "newshour". this program was made possible by the corporation for public broadcasting and by contributions from viewers like you. thank you. this is pbs "newshour" west from the studio at weta in washington and the walter krorchgite -- cronkite school of journalism. lisa: in just over one month, present elect donald trump will be sworn into

. >> all right for more, let's bring in loretta mester, cnbc contributor great to see you >> nice to see you >> what was your take of jay powell's press conference, his forward guidance, specifically >> yeah, i think it played out exactly as expected. i think coming into this, it was clear that the fed should be thinking about pausing, and i think he made it clear that that's what's on their mind. the dot plot showed half as much reductions next year as the former dot plot did, which is exactly right. i thought something significant he said was that they have reduced the degree of restrictiveness quite a bit, and i think that's important because that's kind of where their mind-set is. you think about what they were doing since september's recalibration, now going forward, this is really about balancing those risks, making sure that they keep the funds rate at an appropriate place so that no matter how those uncertainties that you've just been talking about play out, they're in a good position to address them, either by holding at that current rate for much longer than anticipated, or

here to make sense of it loretta mester.rofessor, governor, president, welcome and good to have you with us. >> thanks, and good to be with you, tyler. >> i will anticipate you expect the fed to go a quarter point on wednesday, and then what? >> i expect them to do it because they have not done anything to defer that view in the markets of the public, and i think they will follow-through. then i think they will have to pause. i mean, the data that has come in since they started moving rates down and removing some of the restrictiveness policy, they have said the economy is strong, the fears about the employment part of the mandate have sort of lessened, in fact, employment is holding up pretty well, and the inflation news hasn't been very pleasant in the holiday season. it's basically stalled out over the past three or four months any progress, so i think they will have to sort of stop, you know, beginning of the year is a good time to stop, reassess things, and then see what they learn about where the economy is headed. is

host: loretta in cleveland, ohio, democratic caller. caller: good morning, great tark haven't spoken to you in a long time. host: good morning. your question or comment for the congresswoman? caller: i want to tell the congresswoman, madam moore, i love your eyeglasses, they are absolutely fantastic. ms. moore: thank you. caller: i got three quick questions that i tried to cut them down so i'm going to try to just go through them. i want to know first of all, why can't a mother divorce on food stamps with a couple of kids get the assistance that she needs over the years? because they cut all of that, but someone who owns a company and not paying taxes can continue to get tax cuts, and they haven't paid any taxes. i would like to see the democrats come down on those republicans about where this money is going. host: loretta, i apologize, but we have to just take the one this morning, we're running out of time with the congresswoman. ms. moore: thank you for your question. that's what they're talking about. they're talking about cutting s

we will have loretta mester on. we will ask her what she thinks. >> i think that's -- what's more important than what they are doing next week -- it's likely they will cut. should they be cutting while we are at full employment? prices are stable. that's the question is what do they need to do going forward? we are not getting down to 2% that they want to hit. we see inflation is still sticky here. the question is, what is that tone going forward? are they more hawkish? that's more important of where rates are early next year. >> the tone? >> exactly. we want to know, are they going to pause next year? can we expect rates to come down further? there are going to be some of the inflationary pressures which jordan points out. that's one of the bigger risks. are they going to cut next week? probably. >> what happens if courtney and jordan are connect? maybe the fed cuts less -- even less than people think now and rates remain sticky higher than people want them to be? is the market going to have a problem with that, ev

host: loretta, cleveland, ohio, democratic caller. caller: good morning. i haven't spoke to you in a long time. host: good morning. caller: i want to tell the congresswoman, i love your eyeglasses. they are fantastic. guest: thank you. caller: i have three quick questions that i try to cut them down. i want to know first of all, why can't a mother, divorced on food stamps with a couple of kids get the assistance that she needs over the years because they cuts all of that, but someone who owned a company and not paying taxes continues to get tax cuts and they haven't paid any taxes. i would like to see the democrats come down on those republicans about where this money is going. host: i apologize to you. we just have to take the one because we are running out of time with the congresswoman. guest: basically that is what they are talking about, talking about cutting snap or medicane, block granting it so that there is not enough money to meet the need in order to provide the tax cuts because that is where their priorities are. there are some people who perha

on your, your dresser, which will to set you on the so to understand what the server and february loretta cause will be relatively assessed on our machine model. shasta open to note that to you through the thrust of a server into struggle 3 here just to show this or sort of the software the to especially for 3rd party at the level of which you and use that are in the open to do new user you know, and it goes out and if we do need to share it, send me feel bush and your coffee support your community to. yes to me on that, that was the wish of the will bloodsaw prosthesis. the issue of voice name is to do one out of the little village is scale business most and will be you know, every 2 on us it would be an orthodontics holiday. people gather no thought from so, but i need to remember those who died in 1992 long before general rudco and related to his campaign for you to name a cisco select quine and up. i know your cleanings and then these i don't see for some given them use but i purchase this a this or an app or the vehicle? no. such course i'm used to of course, at the turn of the machi

encuentran el lanzador yu darvish, los exjugadores archie, gianfranco, mark grant, carlos hernández, mark lorettaiversas organizaciones y participarán en varios eventos comunitarios en las regiones de san diego y baja california, con el objetivo de compartir el espíritu navideño y retribuir a la comunidad. claudia simone telemundo. muy buenas noticias para esta familia. gracias claudia. y bueno, aquí en el área de la bahía hemos tenido días con lluvia esporádica y temperaturas bajas, un frío que se siente por la noche. sí, la verdad es que sí. para que no lo sorprenda ella. está gabriela, precisamente con detalles de lo que podría pasar. gabriela, por favor. así es claudio y dayanna definitivamente. pues hay que estar preparados, como usted dice, no solo con los abrigos, sino también con esos paraguas. pero fíjense, durante las próximas horas estamos viendo todavía más actividad de lluvia. adicionalmente, si usted se dispone a viajar, tenemos ya, observando el aeropuerto de san francisco, demoras de más de una hora. así que si está quizás esperando familiares, tenga eso en cuenta. revise el estat

joining us on powell's comments is former cleveland fed president loretta mester.ool. what did you think of the comments yesterday? maybe we have a little more room, maneuverability and not necessarily have to be in any rush on this? >> i mean, becky, first, andrew, congratulations on the interview. it was nice to see you got some of jay's personality coming out in a way that we don't usually see in interviews. >> thanks. >> what i heard, becky, is basically the basic narrative that the fed wants to as the economy is normalized bring interest rates to a normal level is still intact. i think he's right. if you look back when they started to reduce rates in september, right, they were clear that they had had more confidence now that ichb flags is going back to 2% and they did -- that was why they cut rates and began the cutting cycle, but they did 50 because i think they were worried about the down side risks to the employment part of the mandate. and what's happened since september is the data has come in, some of that concern about the labor market went away with t

loretta in connecticut.on facebook page, this is janet saying, i am not a trump supporter but my opinion is we need better border control and illegal should be deported on a case-by-case basis and we should not give them a handout for coming here illegally. andrea on facebook saying she opposes the effort, adding it is expensive and will go against a right to privacy for citizens and will have to ask every person for identification. i want my privacy from being searched. this goes against my constitutional rights. facebook is an outlet if you want to post your thoughts and also on x. online for immigrants in texas, this is wilbert. caller: people have to understand is this, immigration is hurting the school system. when you have a school system where you have four or five different languages in the school system and classrooms, how can the teacher teach our kids when she has four or five other kids at speak for five different languages that she doesn't understand. and the school systems for the can't learn b

amna: loretta, we at the news hour are who we are in large part because of who you are.rk and the team and your legacy will live on long after the lights dim tonight. geoff: on behalf of us at the news hour and the millions of viewers that have benefited from your professionalism and dedication, thank you. this program is stronger because of you. amna: we wish you a retirement filled with relaxation, joy and lots of new adventures. thank you, thank you. [applause] geoff: and that is the news hour for tonight. amna: on behalf of the entire news hour team, thank you for joining us. >> major funding for the pbs news hour has been provided by -- ♪ and with the ongoing support of these individuals and institutions and friends of the news hour including kathy and paul anderson and millie and george smith. the walton family foundation working for solutions to protect water during climate change so people and nature can thrive together. the william and flora hewlett foundation. for more than 50 years advancing ideas and supporting institutions to promote a better world. at hewle

. >>> don't miss loretta mester joining us on "power lunch" today, it is interesting to get her thoughts ahead of the hawkish cut. we'll check in with her just past 2:00 p.m. eastern. >>> four of the mag seven stocks are hitting record highs. but nvidia is noticeably absent from the recent rally and more than 10% below the record high. our next guest said the clock is ticketing on motetizing. >>> and netflix getting a downgrade while another firm hikes its price market. we'll have a bull bear debate as we look to close out the best year in a decade. up 90% since january 1. we're back after this. >> announcer: this is "the exchange" on cnbc. y bed. in the past, he would not have been able to do any of those things. where can nfl fans get a great deal that turns christmas day in the past, he woul into game day? able x marks the spot. the nfl is streaming christmas day games exclusively on netflix, and you don't want to miss a moment. gather round the game because nothing says holidays like family and football. now xfinity customers can add streamsaver including netflix, peacock, and apple

. >> lawrence: thomas, was there any talk about loretta lynch les he considered that kid?> that was never something i heard about, but i can tell you that they are very proud of the accomplishment from everything i saw of members of their family. i know that luigi was valedictorian at his high school. my high school is a competing high school with his. but, in baltimore, it's very interesting because people ask you what school you went to. and they don't mean college. they mean what high school you went to. >> steve: that's right. >> so for him to give the valedictorian speech was just a tremendous accomplishment. that's something that they look very highly upon as they did when nino, his cousin became the state delegate. >> steve: thomas, i got two parts to this question. first up, you know, he now famously apparently had chronic back pain he was in pain a lot we have been reading. were there any family members who had a medical problem where they might be angry at an insurance company for denial of anything? >> i didn't hear about any of that. but it would really surpris

loretta preska. artemis moshtaghian ni. okaasan to issho. ni ni ken gray to mo elleithee. hannah kobayashi. this. >> dexcom g7 is one of the easiest ways to take better control of your diabetes. this small wearable replaces fingersticks, lowers anc and it's covered by medicare. >> not managing your diabetes really affects your health for the future. >> the older you get, the more complications you're going to see. >> i knew i couldn't ignore my diabetes anymore because it was causing my eyesight to go bad for my patients. >> getting on dexcom g7 is the biggest eye opener they've ever had. >> i couldn't believe how easy it was. this small wearable sends my glucose numbers right to my phone or my receiver. with just a glance, i can see if i'm going high, low or steady so i can make quick decisions in the moment. >> now i'm a superstar. my anc is 5.7. >> my anc has never been lower. >> no other cgm system is more affordable for medicare patients than dexcom g7. don't wait. >> call now and talk to a real person you don't stop being you just because you turn 65. >> but you do f

host: loretta, cleveland, ohio, democratic caller. caller: good morning. haven't spoke to you in a long time. host: good morning. caller: i want to tell the congresswoman, i love your eyeglasses. they are fantastic. guest: thank you. caller: i have three quick questions that i try to cut them down. i want to know first of all, why can't a mother, divorced on food stamps with a couple of kids get the assistance that she needs over the years because they cuts all of that, but someone who owned a company and not paying taxes continues to get tax cuts and they haven't paid any taxes. i would like to see the democrats come down on those republicans about where this money is going. host: i apologize to you. we just have to take the one because we are running out of time with the congresswoman. guest: basically that is what they are talking about, talking about cutting snap or medicane, block granting it so that there is not enough money to meet the need in order to provide the tax cuts because that is where their priorities are. there are some people who perhaps

hilary clinton -- i mean bill clinton on the tarmac with lore loretta lynch was a massive inappropriatenessthe department of justice and law enforcement. >> how do you think we got here? >> i think we got here by the american people, or 49% of them, embracing a campaign for whatever reasons, and the autopsy on that will be done for generations, but i'm not really sure that people know what it is that they really asked for when they were in that 49%. >> i read a lot of things, but this is something he ran on. let me show you donald trump talking about retribution. >> i was going to fire comey, knowing there was no good time to do it. in fact, when i decided to just do it, i said to myself, i said, you know, this russia thing with trump and russia is a made-up story, it is an excuse by the democrats for having lost an election that they should have won. >> that was him talking about what we talked about earlier in the hour, about firing comey. here he is talking about revenge. >> well, revenge does take time, i will say that. >> it does. >> and sometimes revenge can be justified. the bigger p

and then loretta saying also on the support, deportation of the illegal and we should all support whatsident trump promised to do. facebook, facebook.com/c-span, x is^ and text -- is @cspanwj and text is available, too, at (202)-748-8003. ej, opposed line, virginia. caller: good morning. best of the holidays. the reason why i opposed this, i found out interesting information over the holidays, someone in my huge family dated 23 and me on our very own family, so it turns out that we are all immigrants. forget about the humanitarian part of this, that's pretend nobody is a real question -- real christian in this community. think about four examples. i know your audience is mostly older than me, so you have a cultural memory. how much money did it take to get one very rich alleged murder, probably murder, to go from pennsylvania to new york state? there were 785 federal, local and state people to get that luigi mangione or whatever his name is, to go from one state to one state. you could put him in a volkswagen and had one cup do the whole thing. but, no, that is not the way the country

i was taught by the sisters of loretta, whose motto is going where the need is the greatest. and whose work, they acknowledge this forever, since they have been founded, their work for peace and justice, that has informed me since my childhood. and so i must tonight as i give my last speech on this floor, after over 25 years of service, i'm reminded of a scripture, galatians 6:9, which says, let us not grow weary of doing good, for in due season, we will reap if we do not give up. and so i just want to thank all of my colleagues who are with me tonight, to really say to them that i love them. i appreciate their support. and that i could not do anything without the support of democrats and republicans, friends and colleagues, and now i'd like to yield to the. the chaplain: of the congressional black caucus, from nevada, someone who is my sister's congressional member, someone who has done a phenomenal job as our chair in leading to us new height, chairman steven horsford. mr. horsford: i thank the speak eric thank you for this time and i want to first give honor and to acknowl