in two thousand for fcc chairman michael powell said inteternet users should have four main freedoms. freedom to access content use applications attack personal devices and obtain service plan information. in the early two thousands the fcc move to stop i has peace and phone companies from blocking popular as. that either use too much data or competed with their other businesses. but i. s. p.'s successfully argued in court that the fcc didn't have the authority to regulate them. in the early twenty ten the popularity of streaming video service netflix let isps like comcast demand payments to ensure the necessary bandwidth. net flix struck deals but public backlash with the fcc declare service providers common carriers. essentially privately held public utilities and net neutrality had its firm legal basis agit pie donald trump's pick to head the fc. says unnecessary regulation of i. s. p.'s has hampered investment they could bring faster better internet to more americans. ideas these are allowed to e pick which sites and apps load based on who can paid a most the internet as they know

fcc chairman michael powell said internet users should have four main freedoms.hesem to access content, applications, attach personal devices and obtain service plan information. in the early 2000 the fcc moved to stop isps and phone companies from blocking popular apps that either used to much these data or competed with their other businesses. successfully argued in court that the fcc didn't have the authority to regulate them. early 2010's the popularity of streaming video service netflix let isps like comcast to demand payments to ensure the necessary bandwidth. struck deals but public backlash led thehe sec to declae providers common carriers. essentially privately held public utilities and net neutrality had its firm legal basis. says unnecessaryi regulation of isps has hampered investment that could bring fafaster better internet tmomore americicans. many fear that if those isps are allowed to pick which sites and apps load taste on who can pay the most the internrnet as they know it could cease to exist. republicans have moved closer to passing an overhau

. > let me say what great esteem i have for michael powell. my brother that runs the cable association. and cable broadcast need each other. fight overviewership and content. it's decisions engaged in, and i of d note at a matter record, that the viewership for than for ng is higher cable. pay the cannes tent programming than for highly watch. watchers rs and cable have to come up with a right price that is fair and connected viewerership. looking ahead 5-10 years, how will be we watching tv. viewain, the future for my is very bright for broadcasting 3.0 receiveris new standard, because it - it will give - it's investing dramatically into our - the spectrum, and our it will wake up your phone. if there's an emergency in can be ghbourhood, you alerted through broadcast signal. the tremendous pictures and sounds capabilities augment. ive and and the internet. via broadcast signal. is a one way signal. to every one in the geographic area. in the future, internet inter operable, if a him. wants to talk to it will come back through signal. and ther

. >> let me say the freight esteem i have for michael powell. my brother runs the cable association and in the end broadcasting and cable meet each other. it is fight overvalue of viewership and value of our content and these are business decisions engaged in a fray market decision and i would note for the record, viewership for broadcasting is much higher than cable. yet they pay the content, producers and cable pay themselves a lot more less watched programing than they pay us for our very highly-watched programing in the end our broadcasters and cable friend have to come up with the right price that is fair and connected to viewership. cspan: when you look ahead five to 10 years, how are we going to be watching tv? will we still be calling it tv at that point? >> again, the future, to my view is very bright for broadcasting because of this new 3.0 receiver standard because it would give, it is investing dramatically into our, efficiency of our spectrum. it will wake up your phone so if there is emergency coming into your neighborhood, you can

michael: obviously, the news for the fed, jay powell."i think the case are raising rates at the next meeting is coming together." do you agree? ms. mester: i do agree with that. i have been on that case for a while that we really need to be moving interest rates up gradually given where the economy is. growth is at a sustainable pace. labor markets continue to improve. inflation is below target, no doubt, but it is on a path to moving up gradually at 2%. we have been at interest rates that are very low for quite a while. it just makes sense to start bringing it up gradually. of course, we respond to data as it comes in, and as the outlook changes, we would change off of that. but the strategy of moving interest rates up, relative to where economy is or where it has been or relative to our goals makes sense to me. remember, monetary policy has to be preemptive. i don't have concerns about moving interest rates up given how low it is, even though we have not hit 2% inflation yet. michael: but in the last two days, governor powell and chair

fcc chairman michael powell once said that the fcc is constitutionally bound to comply willingly or not with congress' direction as expressed by the text of the statute. maybe today will be the day the majority will heed those words and join me in opposing today's proposal, because if nothing else is clear when it comes to this item, it is that they, we, the fcc, has absolutely no authority to act. i dissent. >> thank you, commissioner. commissioner o'reilly. >> thank you, mr. chairman. i support today's item which initiates a fine process to review the commission's national television multiple ownership rule, commonly referred to as the national audience reach gap. this is a topic i've spent too much time on v over the years working on so i'd like to clear up misconceptions surrounding it. first, i want to be absolutely clear on my position on the matter. as i've stated previously, i do not believe commission has the authority to modify the national audience reach cap, which also extend to eliminating the uhf discount. the discount may no longer be justified, it is up to congress to ma

hearings for fed chair powell many jerome powell and outgoing chair janet yellen giving what may well be her last testimony to congress on the economy. on thursday, michaelhe future of the fed in an exclusive conversation with federal reserve bank of cleveland president, loretta mester. >> obviously, the news for the fed, jay powell. i think the case are raising rates at the next meeting is coming together. do you agree? >> i do agree with that. i have been on that case for a while that we really need to be moving interest rates up gradually given where the economy is. growth is at a sustainable pace. labor markets continue to improve. inflation is below target, no doubt, but it is on a path to moving up gradually at 2%. we have been at interest rates that are very low for quite a while. it just makes sense to start bringing it up gradually. of course, we respond to data as it comes in and as the outlook changes we would change off of that. but the strategy of moving interest rates up, relative to where economy is or where it has been or relative to our goals makes sense to me. monetary policy has to be preemptive. i don't have concerns about moving inte

she has been hawkish in the past , but she steps down in washington with our own michael just like she said, jay powellincoming fed chair had a couple of days ago, she agrees the case is there for a december rate hike. let's see what she said. >> we really need to be moving interest rates up gradually given where the economy is pure growth is at a sustainable pace. labor markets continue to improve. kathleen: it is not just the labor market. the consumer is holding up reasonably well. in fact, we got consumer spending numbers for the month of november, and after surging in october, hurricane related purchases, you have got to get a other one.e the a. consumer spending back to more normal pace of 0.3%. a lot of focus on more on inflation, which did inch a little bit higher. 6897 tells a story simply and easily. you have the red line for the target and a turquoise mine for the headline -- livne for the headlines. a long you go to get to do percent. team.erg economics that is set to tighten policy. thekaplan, president of dallas fed. the fed is wise to take the step on tightening in the near future. i exp

conservation -- confirmation hearings for jerome powell and janet yellen giving what they will be her last testimony to congress on the economy. on thursday, michael the future of the fed in an exclusive conversation with federal reserve bank of cleveland president loretta mester. jayhe news for the fed, powell. the case are raising rates is coming together. do you agree? >> i do agree with that. i have been on that case for a while, we really need to be moving inches of gradually. growth is that is sustainable pace. labor markets continue to improve. inflation is below are target no doubt, but it is on a path to moving up gradually at 2%. we have been at interest rates that are very low for quite a while. it just makes sense to start up gradually. the strategy of moving inches rates up and where the economy is or where it has been or relative to our goals makes sense to me. monetary policy has to be preemptive. i don't have concerns about moving it straight up given how low it is, even though we had not hit 2% inflation yet. >> in the last two days governor powell and chair yellen both said there is a possibility our inflation models are wrong an

this hour we'll get his take on apping, tax reform, and jay powell joining me now michael santoli alongncy tangler and courtney gibson. welcome, everybody the big leader on the dow today by the way was boeing. and the laggard was 3m led the big day on deal news, macerich and while iron mountain was down what do you make of the fact we were -- it's a completely different story which market you look at. >> first of all, the dow 100 of the 120 points was boeing and goldman sachs. that was just two moving on their own. that is where that's an outlier. the average start in the market, kind of flat it was a mild rotation from the big growth into value. this market, what it does on any given single day tends not to be all that impressive. what's been impressive is over the course of a year, the ability to draw strength for more, it has to. and to kind of keep tilted in an upward direction >> nancy, what do you make of that we have the industrials and a lot of that was just boeing on some announcement we told you about last night but goes one way nasdaq goes the other. russell goes the other ho

senate confirmation hearings for jerome powell and outgoing chair janet yellen giving what may well be her last testimony to congress on the economy. on thursday, michael the future of the fed in an exclusive conversation with federal reserve bank of cleveland president, loretta mester. thebviously, the news for fed jay powell. the case for raising rates is coming together. do you agree? >> i do agree with that. i have been on that case for a while, we really need to be moving interest rates up gradually given where the economy is. growth is at a sustainable pace. labor markets continue to improve. inflation is below target, no doubt, but it is on a path to moving up gradually at 2%. we have been at interest rates that are very low for quite a while. it just makes sense to start bringing it up gradually. of course, we respond to data as it comes in and as the outlook changes we would change off of that. up,as interest rates move and where the economy is or where it has been or relative to our goals makes sense to me. monetary policy has to be preemptive. i don't have concerns about moving interest rates up given how low it is, even though we had not hi

michael singh. george w. bushe administration and as an aid to secretaries of state condoleezza rice and colin powell.s us today from washington. good to have you here. you have followed this closely. you just came back from the region. give us a sense of how important a step up this dispute is. michael: sure, david. this missile strike, or attempted strike, seemed to target the saudi leadership and the attempted strike a few weeks ago seemed to target the international airport. together these things mark a real escalation of this conflict and it represents the yemeni conflict spilling over the borders and potentially becoming much more dangerous for the entire region. shery: how well-positioned are the rebels to cause real damage to critical infrastructure? michael: they have these so-called work on missiles that have a 900 kilometer range that puts into range most of the gulf , including oil and nuclear energy infrastructure, civilian targets, and boards and so forth . more important they have now shown a willingness to target those kinds of targets area and david: when saudi arabia went into this c

individual named michael erickson, they do correct the trump campaign so some publicly available documents, hacked documents from wikileaks as well as from the former secretary of state colin powellying that those documents are, indeed, available. now our initial reporting on that september 4th date was based on two sources who had seen this e-mail but that information was incorrect now based on a copy of the e-mail that we have obtained this afternoon. so, brooke, it just shows that perhaps the initial understanding of what this e-mail was perhaps is not as significant as what we know now based on this e-mail. we do know that donald trump jr., when he testified before the house intelligence committee, was asked about this e-mail. he said he had no knowledge of it, which we reported earlier as well. and his attorney said he did not act on the offer to abtain these hacked e-mails. that's a statement they continue to say. but this e-mail came out september 14th, not september 4th as we said earlier. brooke we are. >> okay. manu raju, thank you. back in a moment. (hard exhalation) honey? can we do this tomorrow? (grunts of effort) can we do this tomorrow? if you have heart failure s

powell when he was considering him for the fed chair post. squelchlt not trumponomics with more aggressive fed rate policy and we are seeing the evolution of that. get finalet's thoughts from our michael mckee, who is in washington at the federal reserve. michael? the thing that strikes me is that legacies take time to be written and as janet yellen leaves the stage you have to give her credit for what she's accomplished. unemployment at 4.1% and the fed sees it going to the threes. steady growth in the 3% range with low and stable inflation that doesn't influence consumer decisions. all in all that is exactly what would have wanted to accomplish if you were a central banker. scarlet: and tom? i completely disagree with 2018, i think we will see some substantial surprises, like we saw a weaker dollar through the spring and summer. it's pretty clear that certitude doesn't get you anywhere in this environment. michael, thank you. for both tom and myself, that does it here. have a great day. "what did you miss" comes up next. this is bloomberg. ♪ ♪ [cheering] [closing bell] >> "what'd you miss?" the fed is maintaining its timetable for three rate hikes next year. joe: if you are term --

powell live from jerusalem. thank you. >> bill: president trump now en route to the state of utah. this as he responds to michaellty plea. what he is saying about that this morning. a whirlwind week at the hill. capitol hill republicans racing against the clock to get a tax bill done by christmas. mark short answers those questions next at the top of the hour live. my digestive system used to make me feel sluggish but now, i take metamucil every day. it traps and removes the waste that weighs me down, so i feel lighter. try metamucil, and begin to feel what lighter feels like. >> sandra: a whirlwind week ahead on capitol hill. republicans racing to get their tax bill on the president's desk by year's end as they face a possible government shutdown as soon as possible as friday. and new concerns with the russia investigation. a mouthful. welcome to a brand-new hour of "america's newsroom," i'm sandra smith. i had a great weekend. >> bill: my nephew won his football game. republican lawmakers will try to hammer out a final tax reform bill. with the finish line now in sight they say and argue it needs to get done n

powell will have to take into account now is tax legislation. they will have to take this into account. what will that do to their equation next year? michaelhe last meeting, they clearly revised up growth, revised down the path for unemployment. path forn unchanged policy, unchanged inflation outlook. the only way to reconcile that is to think perhaps they would have reduced inflation had we not had the tax cut. we will get another view on that in january. if the tax legislation spurs activity and continues to push the unemployment rate lower, my bet is they will continue to normalize. lisa: i'm struggling to make the connection between how the tax cut will lead to higher inflation. i can see how that kelly to possibly more share buybacks, capital expenditure. where does the inflation coming here? traditionalt to the view that if the economy is expanding, the output gap is getting positive, then there must be some resource scarcity somewhere. i don't think the tax package will put a tremendous amount of a party pressure on inflation but it should not nor it. -- lower it. and our forecast, a tax package of this magnitude only as about .1 on