joining us, michael klein, and greg, the "wall street journal's" chief economics commentator, also stevecnbc's senior economics reporter gentlemen, good to have you here greg, i'm going to start with you. monetary policy has become increasingly political many said the fed over the last eight years kept interest rates way too low, people got yield hungry, invested in things that were far too risky kept companies alive that shouldn't have been. jerome powell, he's a republican but also a centrist. how's he going to navigate that kind of political mine field >> in a sense, the decision has already been made by donald trump, he obviously heard those criticisms and gave a lot of thoughts to candidates who very much shared them, kevin warsh, former governor, john taylor, an economist an stat stan tordforsd i'd say that if you like the economy, and the policy that you got under janet yellen, but for political reasons just couldn't reappoint her, then you probably got the next closest thing in jay powell >> steve liesman, what do you think? you agree with that? >> i do. i think the decision is m

greg, and michael klein. >>> again, moments away from the president's announcement on the next fed chair let's bring in bill and kelly on "the closing bell," guys, this could be the most consequential decision of the trump administration for the global markets. >> certainly feels that way. there have been a number of them already. guys, thank you very much. we're moments away from president trump's fed decision i'm kellygriffeth. many expecting the president to nominate jerome powell to replace janet yellen as chair of the federal reserve. we have yet to hear the official word from the president. we're expecting that announcement from the rose garden any minute now. as you've heard. and we will likely hear the nominee speak as well. which is rather rare we have full team coverage right now. our senior economics reporter steve liesman is live there at the white house. you saw earlier. also with us here at the new york stock exchange, larry kudlow, senior contributor here at cnbc. andrew levin, who's professor of economics at dartmouth college and former adviser to former fed chair ben ber

amazon will sell exclusive calvin klein jeans because nothing comes between me and michael vin kleinsthey'll have both lines in pop up stores in new york and los angeles. the items will be available in other retail stores like and bloomingdales coming after the new year. ♪ >> brook shields like if there was twitter back in the day she would have been a twitter sensation. don't you think? >> who knows? social media. >> she's still a young woman. maybe she's on. >> i'm saying -- >> yes, she was. >> nothing came between her and her calvin kleins. >> right. she was teenager. taylor swift earned herself new bragging rights. album reputation is now the best selling record of the year. with more than a million copies sold in just four days. girl is a super star no doubt about it. >> making it happen if you want something to do coming you wanted it for free we have your fox beat free friday give away today. if you want spread your wings i fly indoor skydiving in loudoun one viewer could win a prize pack of five tickets to i fly loudoun that prize pack three to five people, training, flight ge

let's bring in our next guest, michael price is the executive director of klein investment at taurusealth advisement. out one was pointing trump's trip to asia, everyone is excited about him being there, but is there anything to be excited over with him coming to town? i think it is more a question of volatility. of things are priced for protection, and the room for error is rising, so maybe now is time to look at portfolio construction and how you price risks. the room for ever could rise. it is not just north korea. it is also saudi arabia for that matter. i know you are saying investors are wrongly position because everyone is overweight assets at the moment. what would you suggest we start reducing exposure to? questionthis is a good that his client and portfolio specific, but now is potentially the time to do the opposite of what is working. investmentnt pass it strategies work very well. have grossly underperformed in some cases. the time tois rebalance and embrace investment strategies that are active and can hold some cash. i suppose when you're investing in etf's, you are hu

and from boston, jeffrey klein drop. michael mckee still with us. let's start on taxes.g you are looking for? lisa: it is the question of whether we get a big enough drop to the bottom line for corporations for it to matter, number one. is it a one-time hit to wealth and the stock market, and is there anything linking any of the deductions to capital spending, or things that might actually help economic growth. one of our hypotheses has been that this will be a one time hit that helps the stock market that does not do a heck of a lot for the economy this late in the cycle. david: are you concerned about deficit spending and how they will pay for this? unemployment and a big fiscal stimulus is a bit odd. lisa: it is odd and somewhat unprecedented. one of the things we are looking for is the extent to which this will be deficit financed and if it is and will add to the supply of treasury issuance we will see next year and in years later putting pressure on the curve. 5% remych stocks have a and when it comes to repatriation of potential tax plans. what do you think is pric

and i want to quickly, and with you, rick klein here, on the russia investigation. michaelnald trump's lawyers anymore. and people have surmised that that's because he's cooperating. any sense of that? >> yeah, this is a very bad sign for the white house. michael flynn can take you from the inner circle of the campaign to the inner circle of the white house. if you're looking for cause and effect, he could be your guy. the pressure he could put on other members of the inner circle, like the trump family, that could be considerable. i think the fact that you have additional interviews coming up. with inner circle members. it points to mueller getting very serious very fast. >> thank you all for coming in. on this holiday weekend. we hope you had a great holiday. >>> that's all for us today. thank you for sharing part of on your sunday with us. check out "world news" tonight. and have a great day. >>> up next, a busy nights for oakland police with several side shows across the city. >>> good morning to you from san rafael. the rain has been coming down. it's been light. 61 de

and i want to quickly, and with you, rick klein here, on the russia investigation. michaele. people are surprised that's because he's cooperating. any sense of hat? >> yeah, this is a very bad sign for the white house. michael flynn can take you from the inner sickle in the campaign to the inherb circle of the white house. if you'ring looing for cause and effect, he could be your guy. the pressure he could put on other members of the irn circle, like the trump family, that could be considerable. you have additional interviews coming up. it points to mueller getting very serious very fast. >> thank you all for coming in. we hope you had great holiday. >>> that's all for us today. thank you for sharing part of on your sunday with us. check out "world news" tonight. and have great day. sharyl: we're invited to board military fast boats. it's the safest way to see the worst areas. was the fighting yesterday related to the kidnappings or something different? gen. sobejana: yes, it's part of our rescue effort. sharyl: fighting abu sayyaf? gen. sobejana: fighting abu sayyaf. shary

security and freedom, ambassador gold of the jerusalem center, mister morton klein, president of the zionist organization, doctor michael pablo, policy director at the policy forum, and the professor of law at northwestern university. welcome to you are pursuant to committee rules, all witnesses will be sworn in before they testify. if you would please rise, raise your right hand. do you solemnly swear the testimony you are about to give us the truth, the whole truth and nothing but the truth help you god? witnesses, in the affirmative, ambassador gold, as a friend he will tell the truth, you can be seated. in order to allow time please limit your testimony to five minutes. a written statement will be made part of the record. the clock in front of you shows remaining time, the light will turn yellow, 30 seconds left, please her member to press the button to turn your microphone on before speaking. with that i would like to recognize ambassador bolton for five minutes for his opening statement. >> thank you, members of the subcommittee, i appreciate the opportunity to appear before you to discuss the important subject of

morton klein president of the zionist organization of america, dr. michael koplow,, policy director at the israel policy forum, and mr. eugene kontorovich, professor of law at northwestern university. and i want to welcome to you all. pursuant to committee rules all witnesses will be sworn in before they testify so if you could please rise, please raise your right hands. [witnesses were sworn in] >> witnesses, all witnesses answered in the affirmative, and ambassador gold has a firm that he will tell the truth as well. you can be seated. i know, i know. in order to allow time for discussion please limit your testimony to five minutes. your entire written statement will be made a part of the record. as a reminder the clock infinity shows your many time. the light will turn yellow when you're 30 seconds left and read when your time is up. also remember to press the button to turn your microphone on before speaking, , and withot i'd like to recognize ambassador bolton for five minutes for opening statement. >> thank you very much, mr. cha, members of the subcom

morgan klein, president of the zionist organization of america. doctor michael o-uppercase-letter, policy director at the israeli policy forum and mr. eugene [inaudible], professor of law at northwestern university. i want to welcome you all for pursuant to committee rules all witnesses will be sworn in before they testify so if you could please rise, please raise your right hand. >> do you solemnly swear to the test when you are about to give is the whole truth and nothing but the truth, so hope you got witnesses all answered in the affirmative and investor gold has affirmed that he will tell the truth, as well. so, you can be seated. i know, i know. in order to allow time for discussion please limit your testimony to five minutes. your entire reinstatement will be made a part of the record and as a reminder the clock in front of you shows your remaining time. the light will turn yellow when you have 30 seconds left and read when your time is up. please remember to press the button to turn your microphone on before speaking. with that, i'd like to recognize amb