mb, simmons and dario saritch. now to the third quarter, it was mb's turn to show off.e finished with just five points. 155-124. that means there was no defense played in that game last night. >>> now your nbc 10 first alert weather. >>> starting with a live camera look over center city over the delaware river. a perfect blue sky. you're looking at this thinking it's going to be a glorious day. the first half won't be bad, but then things start to change up as that system we've been talking about finallies its way in. here's a look at the temperatures currently. we're around freezing at the airport. elkins park at 31. west known area, 33. these are the philadelphia neighborhood temps. we're at our above freezing and going to make our way to nearly 40 over much of the region later today. that's helpful. our roads when the system starts to enter are going to start at an above freezing mark. that means the first few flakes can melt. that's helpful. radar and lite, this is the system we're tracking. the snow/rain mix is moving our way. a chance of heavy rain or heavy snow d

as of today, i don't think you sufficient treasuries and mbs redemptions to do that. chairman powell: with mortgage backed securities, roll up will depend on the level of interest rates and people refinancing their mortgages. as rates go up, refis will go down. >> should the public expect a $50 billion rolloff? chairman powell: i would say the public should expect a substantial rolloff this year or next year getting us back to a new normal. >> we don't know the exact pace. chairman powell: the caps on not going to be fi binding. >> i want to explore inflation targeting. the fed is keeping to their 2% inflation target. -- i struggleng with how this is commensurate with the mandate for achieving price stability. i saw from the fomc minutes, the most recent minutes, that there was discussion about moving from the 2% target to a target range. 2% is a linear function. a range is not. i'm really struggling with how is this commensurate with price stability. some commentators are calling for a 3%-4% target. >> do we have been expectation it will move from this 2% target, and

you are right, the caps are not binding for treasuries or mbs most months. treasury, only in the big treasury-financing months. seek and think a mother is not really restraining either. our projections don't say we are going to roll off exactly $50 billion per month. that's not the way works. that's not how it was intended. and of course we don't know how long mbs is going to roelofs because they roll off depending on where rates are. as far as treasuries, these are significant reductions this year and next year in terms of the size of the balance sheet. a couple of weeks ago the balance sheet was at $4 trillion. and that the current rate of role-off it should be a $4 trillion by year end. $3 if you kept to the pace, trillion, to a deal channel -- two additional years of role-offs, is that the expectation? that still leaves your balance sheet twice what it was precrisis area. you expected to stay there, and deal not expect the demand for cash to wayne as interest rates rise? wane asd for cash to interest rates rise? >> when we shrink the balance sheet what g

if i were a betting man, i would put my bets on the mbs -- fia m ia, a movie featuring three strongerrs with a -- female characters with a female director. maia: i love that we should not rule out "transit," dealing with refugees, and a born topic in europe. sarah: thank you so much. from the world of film to business, fanna facsar standing by for us. fanny: they're slapping and tariffs on products like whiskey. if donald trump plans to hit imported steel for units of measures. wilbur ross suggested the likelihood of putting a 24% terra on all steel -- terrorists on all -- tarriff on all steel imports. >> washington has considered imposing tariffs. the u.k. said it will not take that move lying down. >> we sound ready -- we stand ready to react appropriately is our allies are affected by swift trade measures from the united states. >> that could hit iconic brands like harley davidson. motorcycles are on a retaliatory list the eu has drawn up to punish as steel quotas are introduced as well as american-made bourbon whiskey. they are made in the home state of influential legislators. no

(dramatic music) - [radio host] a short time ago, an american airplane dropped one mb on hiroshima. that bomb has more power than 20,000 tons of tnt. - [narrator] the seeds of nuclear proliferation were sown when the us attacked hiroshima and nagasaki at the end of world war ii. it was mankind's first exposure to a weapon that would forever alter the calculus of war. - the introduction of then called atomic weapons in 1945 had a very significant impact on geopolitics. at the time, i think all leaders were aware that this was something qualitatively different, they weren't sure what it meant. when one plane can inflict the same level of damage that it previously took thousands of planes and maybe multiple raids by thousands of planes to inflict, i think everyone realized things would be different. - the ending of world war ii brought victory but it also brought a whole set of complicated issues, that is, what would war look like in the future when the very possibility of total annihilation was now on the table through the delivery of one bomb? - [narrator] like the us, the soviet uni

you're right the caps will not be binding for treasurys or mbs in most months. only for treasurys in the big treasury financing months. so you can think of them as not really restraining either. so we didn't, we weren't saying, our projections don't say we'll roll off exactly 50 billion per month. that is not how it works. that was never how it is intended. we don't know how fast mbs are going to run off, because they run off depending where interest rates are. we do know with treasurys, we're moving right along. these are significant reductions, this year and next year in the size of the balance sheet. >> so as of a couple of weeks ago, the balance sheet, if i saw it rise was at 4.4% trillion. and by year's end, at the current rate of rolloff, it ought to be at 4 trillion. and if you kept to the pace, 3trillion, two additional years of roleoffs, about 2 trillion, four years from now. does that sound about right? is that the current expectation? >>ing something like that, yeah. >> okay. but that still leaves your balance sheet roughly twice of what it was precri

mbs likes to work late through the night. case, another overhaul of the traditional power bases in saudi arabia. he likes to shake things up. the reasons were given for these changes. we have seen sweeping changes in the military, some changes in civilian postings. it could he part of his drive to make saudi arabia meritocracy and bring in young leadership and people close to him. it could because of the war in lemon -- yemen is not going well. ,hey are hitting a wall there facing a lot of heat come so maybe a reboot. it could be to bring in people he trusts them a people who are close to him as he tries to push through this vision 2030, or maybe a bit of all of those things, but once again he has come in and made sweeping changes across the board, rebooting saudi arabia. extent is thist a reflection of the failure or setbacks the kingdom has suffered in places like yemen, almost three years on the front lines, and in the region one could argue that the crown prince has not made that kind of progress he wants to be doing, and

know the exact pace. >> i don't think that the caps are not going to be binding in the case of the mbs. >> my time is starting to wind down. i'd like to explore inflation targeting. in your testimony, it appears the fed is keeping to their 2% inflation target. i'm still trying to -- i struggle with how this is commensurate with a statutory mandate for achieving price stability but i also saw from the fomc minutes the most recent minutes that there was at least discussion about moving from the 2% target too a target range and at least 2% is a linear function. a range, obviously, is not. and so i'm really struggling with how is this commensurate with price stability and also as you know some commentators are calling for a 3%, 4% target, so two questions. number one, do we have an expectation the fed will move from its 2% target, and at some point, at 3%, 4%, 5% inflation targeting, have you violated your price stability mandate? >> our current framework says that the committee would be concerned with sustained or persistent deviations above or below 2% so we understand that inflation is

chairman, i don't know, you don't seem to have sufficient mbs redemptions that allow you to reach your $20 billion runoff pace. so, as i read the chart, i think the expectation is, by the end of the year, we're looking at a $50 billion balance sheet rolloff, but as of today, i don't think you have sufficient treasuries and mbs to do that. so how do you achieve it? >> well, in the case of mortgage-backed securities, the rolloff is less predictable. of course with treasuries, you know when they're going to which you were and you know when that rolloff will be. with mortgage-backed securities, rolloff will depend on the level of interest rates and the level of people refinancing their mortgages. so as rates go up, refis will go down and you'll see slower rolloff. >> should the public expect a $50 billion rolloff? >> no, i would say that the public should expect there will be a consistent, substantial rolloff this year and the next year that over the period of maybe four years will get us back to something approaching a new normal. i don't know that you can say -- >> but we don't know the

and remember if you're heavy mb hit or miss tweet it to us.ou to my panel and to all of you thfor working. we hope to see right here next week. >> and a fox news alert.the president going on a twitter tirade today. he is taking that his predecessor in the oval office, president barack obama after the indictment rebuilding russia's election infiltration began during his second term. but the president was wide ranging sparing few targets? welcome to a brand-new hour of "americas news headquarters". >> the president also using some salty language tweeting quote - if it was the goal of russia to create discord, disruption and chaos within the us, then with all of the committee hearings and investigations and party hatred, they have

driving mbs -- and csi agents. a couple of other interesting moves.a weaker dollar story. up 1/9 of 10%. the bloomberg dollar index almost flat as it stands. u.s. equity futures marginally higher. let's get you a check of the latest business flash headlines to christine harvey. christine: thanks. abu dhabi has awarded a second slice of its offshore oil area. for $1.5 to producer billion. the company which is owned by abu dhabi's investment will take a toy percent stake in development rights under a four-year contract. noble group says it is covenant every building its business in asia, despite a net loss of $1.93 billion. they have's told the singapore exchange that talks with stakeholders have been productive. some shareholders and bondholders have criticized the deal announced last month to restructure $3.5 billion worth of debt. the best set to announce plans for a public offering of its health care division as early as today. that is according to come -- two people familiar with the matter who say the ceo is likely to use the money generated to he

mbçw3=)ko end of themyy you can get downtown in 20 minutes. that is a tradeoff.susing the power to prioritize the needs of one group and penalize residents that need the same convenience for their stops. if you are els'tly andç have t walk two blocks, three blocks -- >> thank you, appreciate it. >> thank you for your time. >> next speaker. >> good afternoon. i believe i know almost all of you personally by now. i'm speaking as a citizen. g

southern filipino center, united local 2 as well as the building and construction trades council, the mb's hack. it's quite a diverse community we have in this small little 17-block area. but we all have a joyvoice her so my take on what's going on here, this is the most important comment here is that this is one of the only remaining areas in town that still allows office development. we are allowed to build as much residential in this -- in this plan, but also, right outside this plan, so according to me, i think the office development should be taking the lead in this plan. we are never trying to displace anybody. we hear about housing projects issues, community public input on these housing issues every thursday, so it is very on our radar, but this small area is one we need to take advantage of in regards to office production. this will, again, bring $2 billion in public benefits, and i'm looking at the list of developers: alexandria, kilroy, h and s, mnc, all have had a graed record of developing projects here in san francisco, and they do the things that we like to see. they don't l

i like our current plan of mbs and treasury securities to roloff passively -- to roll off passively. will be back to some kind of new normal within four years. i would let successfully announced and creative programs to just run their course. congresswoman: the chairman payments andoyr your answer was that there are constrained by commercial rates. so if things are available in i would notece, that an interest rate consists generally of two parts. one is time, value and money, and the others default risk. 's don'tumably, ioyr have a default risk. german powell: i think the law is that we shouldn't pay interest on reserves that is greater than the general level of short-term interest rates. thosessman: but short-term interest rate, i guess i see perhaps a need for clarification on the law because those short-term interest rates contained time value money risk but also default risk. a.l. why are -- the real alternative for a financial institution in the market isn't a one-for-one raid. its going to make loans in the marketplace and they inherently yrve default risk that the io does not

i know, the shooter, is going te home shooter was stayingty sheriff's department, the 911 mb >> he puthe gun -- he did that to his mom. >> chris: and repte but severale broward county sheriff's deputi school while the attack was going on. what are you going to do about that? e ing a parent that lost a loved one and know that all of these failures -- with got to have a the fbi, what happened? who was called? what was process? how is it broken? give us the facts. hold people's department, they've got to be completely transparent. we got to do a thorough investigation and whoever didn't do their job has to be held i talked to law enforcement around the state. there's none i talked to that is not disgusted that t was thee did not go in and kill that in the florida legislature passes your entire package, ift trump is tag about, what can you say studento are watching you right now? will they be saved? rything that i can. remember, the father, appened, i called each of my daughters and i said unfortunately in your to teach our children how to deal with an active shooter. that's unfortunate we

we are not sure what the mb expected when it chose fergie to belt out the national anthem.at last nights all-star game, but it sure was red-hot and bluesy. the go ♪ >> john: the players seem to like it. fergie's rendition was widely panned on social media. where i originally hailed from, this is the way they sing the anthem. listen here. ♪ o canada close >> john: that's it for "special report." "the story with martha maccallum" is up next. >> martha: thank you very much. breaking tonight on "the story." president trump tonight wanted to know what was going on in. from an administration when russia supposedly began to metal way back in 2014, tweeting "obama was president up to and o why did he do something about russian meddling? what about those in charge who are now sure that the russian plot worked. they sounded very different back then." james clapper was a director of national intelligence from 2010 2010-2017, charged with bringing together all of

i'm glad to stand here and say we agree with the hac and the mbs and updating the format of data is a good thing. so this tells a number of stories in some respects, creates some clarity. a couple of highlights, you will notice we're seven quarters into a 28 quarter, or seven-year, period. we've reached 15% of the need, 34% across all those tranches, so we're halfway there on our low and middle income. market rate, we're 60% over the need. we have a housing imbalance of production. that's a major theme for us. it's about housing for all, but housing for all at a relatively even pace. it's not just housing at whatever level happens to come through. we have a real structural problem with that balance. it's also interesting, when you look at the entitlements separate from production, we have 6,700 units that are sitting. they haven't filed for permits. 5,600 of the units are doing nothing at this snapshot at a time. so that's a question from a policy standpoint. how do you get 5,600 units to move into building permit and construction. lastly, we want to emphasize to you folks, with all t

going to roll off $50 billion per month, that's not how it was intended and we don't know how fast mbs are going to run off because they run off depending on where interest rates are. we know with treasuries and we know we're moving right along. these are significant reductions this year and next year in the size of the balance sheet. >> so as of a couple of weeks ago, the balance sheet if i saw it right was at $4.4 trillion and by years end it ought to be at $4 trillion and if you don't the pace, $3 trillion, two additional years of rolloffs about two trillion four years from now, does that sound about right. is that a current expectation. >> that sounds about right. >> but do you expect it to stay there and do you not expect for cash to wayne as interest rates rise? >> right now we have $2.2 trillion in non-reserve liabilities. when we shrink the balance sheet, what goes away is the reserves. that's the liability that goes away. so that 2.2 trillion liabilities, you have to add on whether the equilibrium demands kwhaer t whatever if reserves it and it will be at least $700 billion no

elyse: this week on history detectives: what do these cng pages reveal mb about divided loyalties during american revolution? i'm just amazeng by the whole thi. tukufu: what role did these records play in the sculpting of america's fixation with fitness? man on record: ready, begin. gwendolyn: and, in an encore presentation, was work bclmajor artists, uding andy warhol, smuggled to the moon? man: "a.o.k., all systems are go." wvis costello: ♪atchin' the detectives ♪ i get so angry rt when the teardrops sta ♪ ♪ but he can't be wounded 'cause he's got no heart♪ ♪ watchin' the detective ♪ it's just like watchin' theetectives ♪ ♪ watchin' the detectives

this all part of what's called vision 2030 — it's the grand plan of prince mohammed bin salman or mbsbic‘s hadya al—alawi. he is trying to shepherd the businesses in his country from the oil to the entertainment to encourage little to spend more money on that sector. anyway, a lot of saudi arabians travel to nearby golf country such as emirates to buy or abu dhabi bahrain do—gooder concerts or have fun. they are trying to get money out of the entertainment business in a reserved way, keeping the balance between keeping saudi arabia as a reserved state, but at the same time giving people that kind of way of having fun in their own country without having to go across the borders are else to do it every weekend. how do you do it in a reserved way, though? i saw a report saying ricky martin might be coming, and openly gay man with a very sexualised routine when he performs, had that fit in with saudi arabia and its way of doing things? that will be the main challenge, because the problem is notjust that there are laws in the state that restrict people from going to concerts, there are no

but that cash burn, that is impressive >> for investors, do quarterly mbs matter more or the productionpany or a computer company sought wear. >> you are supposed to give answers not the question. >> they have a pass as long as they are producing cars. >> interesting stuff all right. it's time now for -- hard to believe, already time for the final trade. let's go around the horn pete najarian. >> gilead. last night earnings the stock as down then moved up huge options today i think it's guying higher. >> karen. >> big rotation out of fang today. i think it's time for apple. right here. >> time for apple. >> i like that >> good stuff today. >> letter x, starting to move again. >> u.s. steel? >> yes >> binary. cme, with volatility, about, the chicago mercantile exchange llould do we >> 23 degree >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i

you have to appreciate the cross marketing, tesla, his company,mb and two, just the good, plain fun of it. >> yang:bsolutely. you covered the space program for a long, long time. what was it like for you t watch this today? >> it caught me by surprise. i wasn't. there i couldn't geret. but just watching it, i really got emotional. i miss that event, seeing the shut lts lach from those launchpads. that launchpad was where apollo 1 launcd from. lots of history there. and there's something very moving and emotional about it i got into covering space becae it's one of the few events that binds us altogether in an uplifting way. a lot of things bring us together and bring our focus together in a negative way, but space has a way of literally and figuratively taking us abe the horizon. >> yang: and the beaches and the stands at kennedy space center full of people. >> it was reminiscent of the moon shots or theore celebrated shuttle launcheswe where ther a huge amount of people on the beaches an the hotels sold out and the enthusiasm, and the enthusi tasm se young people. we have mission cont

we don't know how fast mbs is going to run off we know with treasuries and we know we're moving right along. these are significant reductions this year and next year in the size of the balance sheet. >> so as of a couple of weeks ago, the balance sheet if i saw it right was at 4.4 trillion and by year's end and the current rate of roll off it ought to be at 4 trillion. and if you kept to the pace, 3 trillion, two additional years of roll offs about 2 trillion four years from now. does that sound right? is is that the current expectation? >> something like that yeah >> okay, but that still leaves your balance sheet roughly twice of what it was previce is ecrisa do you expect it again to stay there and not expect the demand for kacash to wane as interest rates rise >> so right now, we have $2.2 trillion in non reserve liabilities. so that's to say and when we shrink the balance sheet, what goes away is the refefrs that's the liability that goes away so that 2.2 trillion in liabilities you have to add on whatever the demand for reserves is and it's probably going to be at least several h

chairman, i don't know, you don't seem to have sufficient mbs redemptions that allow you to reach your0 billion-dollar runoff pace. as i read the charts i think the expectation is by the end of the year we're looking at a 50 billion-dollar balance sheet roleoff but as of today i don't think you have sufficient treasurys and mbs to do that so how do you achieve it? >> in the case of mortgage-backed securities the roleoff is less predictable. with treasurys you know when they mature, you will see the when the roleoff will be. with mortgage-backed securities will depend on level of interest rates and level of people refinancing mortgages. as rates go up, refi's go down. you will see slower roleoff. >> should the public expect by year's end a 50 billion-dollar roleoff? >> i would say that the public should expect there will be a consistent, substantial roleoff this year and next year. over the period of maybe four years will get us back to something approaching a new normal. i don't know that you -- >> we don't know the exact pace? >> i don't think the caps are binding in the case of the m

for centuries the angelo american sheriff association has pros two american cleveland and mb teddy roosevelt. he has long been an advocate cl teddy roosevelt. he has long been an advocate for the rule of law and benefit as he rises to his position to fight to uphold the noble tradition of keeping the peace. my deepest congratulations to heriff judd and his family and the major county sheriffs of america who do such important work to keep us safe. with that, mr. speaker, i yield back. the major county the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? mr. kildee: i seek unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. kildee cloon -- mr. kildee: thank you, mr. speaker. this week the long awaited trump infrastructure plan was finally released. what a disappointment. after coming here a year ago and promising a $1 trillion plan. in his state of the union saying it's going to be even bigger, huge, $1.5 trillion. in the fine print, however, $1.3 trillion of t

(siren blaring) >> smith: violence followed bremer's orders. iarst a car mb detonated outside the jordanembassy 18 people. 12 days later, a second attack. (debris falling, shog) this one was on the unad quarters. >> the attack was similar to last week's bombing of the jordanian embassy in baghdad. >> smith: the attas had been planned by radical sunni extremists. their leader was a jordanianho had been trained in the mujahedeen camps of afghanistan-- abu musab al zarqawi.el later he wouldosama bin laden that he aimed to begin ar. sectarian (people shouting) ten days after the un attack, a massive bomb exploded outside the holy shia shrine of imam ali in najaf just after friday prayers. more than a hundred people we killed. embitteredunnis and officers once part of saddam's regime now joined zarqawi's cause. >> we saw abu musab alqawi, and we are seeing a proliferation of these groups, like-minded onesging up and joining the cause. >> for the officers who served during saddam regimei cut his salary and i put him in e street. ilat do you expect from him? of course, he-hefight. he will join all the

i've got a question about mbs. three quick question. admiral tidd, to finish up on what senator schumer thought about it before i do that, i would be remiss not to apologize to both of you combatant commanders on behalf of united states senate. today we're officially sitting in a continuing resolution again, and you have my personal commitment and resolve before i leave this it will do everything we can to get away from the budget process that puts us in this detrimental high risk situation we doing more to harm the security of our country than any of these people we're talking about today outside. sorry. admiral, real quick. general kelly talked about this but you talked about, there is an asset you could use in your aor to interdict morbid wood of what percentage we can take to come understand that but you can close a gap assessment a lot of money, true? >> i think there's some platforms after that would be enormously helpful to us. >> what would one of those look like? >> littoral combat ship would fit perfectly into the mission spac

chairman, i don't know -- you don't seem to have sufficient mbs redemptions that allow you to reach yourlion runoff pace. so as i read the charts, the expectation is by the end of the year, we're looking at a $50 billion balancesheet roll-off. but as of today, i don't think you have enough in the treasuries, so how do you expect to do that >> with treasuries, you know when they are going to mature and can see what the roll-off is going to be. with roll-back securities, that depends on the interest rate and the level of people refinancing their mortgages. so as rates go up, refis go down and you see slower roll-off. >> should the public expect a $50 billion roll-off >> i would say the public should see a up substantial roll-off this year and next year. over the next four years, we will approach the new normal. >> but we don't know the exact pace >> no, and i don't think the caps are going to be binding in the case >> my time is winding down, and i would like to explore that the fed is keeping to the 2% inflation target i struggle with how this is with the statutory mandate for achieving p

. >> and our team of reporters and analysts are standing by to bring you the mbs u ed kw.nueryone [ clickyboard clacking ] [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] ♪ good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. talk to one today and see why we're bullish on the future. where can investors seek pin an uncertain world? pgim sees alpha in real assets. like agriculture to feed the world. and energy to fuel its growth. real estate such as e-commerce warehouses. and private debt to finance transportation and infrastructure. building blocks of strategies to pursue consistent returns over time from over one hundred fifty billion dollars in real assets. partner with pgim. the global investment management businesses of prudential. >>> it's been a very volatile session. dow was up 175 points at the peaking and we've been in negative territory, back out of negative and now back into negative territory in the last couple of hours. the dow is down 31 points. the s&p is d

he went over and spent an entire weekend there with mbs and that guy's not going to sit down and talk ch talk. >> jeremy is absolutely right in a normal world, in a normal white house, that jared's diplomatic career would be effectively ended in terms of what he is cut off from unless his father in law, the president of the united states decides to show him each day the presidential daily brief. >> which he has the authority to do. >> he has the authority although he has said publicly that it was kelly's decision as to what was going to happen. >> i'm just saying, he has said that kelly was going to make this decision and he presumably would respect it. >> but from your frame of reference, steve, just in terms of whatever it was that jared has been doing, whatever he might be able to do going forward, the lack -- the failure to follow established protocols, when you were working in the obama administration, no matter what you were doing, you would have to go through a chain, an informational chain to -- so people would know what you were doing. >> look, whatever you want to say about