he is the new president of the minneapolis fed, the minneapolis fed have a long tradition of thinking about financial stability and banking. you'll meet later, gary stern, who is the president of the minneapolis fed for more than two decades. and in 2004, with ron feldman, wrote a book called "too big to fail." which looks pretty good at the time and looks even better from hindsight. i write is say that it was published by the brookings press. and also, i would like to welcome bruce mcclory, a former president of the minneapolis fed, and a former president of brookings. the gentleman will speak for a bit and then be joined by gary stern and don cohen, my colleague and the former vice chair of the fed. i am sorry that the weather has prevented both betsy duque and another person from getting here. it turns out is easier to get here for minneapolis than from points out. here he is. >> thank you, david, for the kind introduction. it is great to be here and thank you to the hutchinson center for hosting us here today. thank you all for coming out. i know that there is some tough weather,

turns out it's easier to get here from minneapolis man from the south. neel kashkari. >> thank you for the kind introduction. great to be back at the institution and i'd like to thank the center for hosting us here today. i want to thank you for coming out. we've got some tough weather. i appreciate you braving the elements for those of you here in the room and are distinguished fellow panelists, jerry stern, chairman bernanke and our long predecessor as well. thank you for being here. i want to remind everyone that the views expressed today are my own and i'm not speaking on behalf of the federal open market committee or the board of governors which sets regulatory supervision policy on the federal reserve system. today i will offer my assessment in the eye (-left-paren and the problem of too big to fail bank spirit i combat this problem from the perspective of a policymaker on the front on the frontline responded to the financial crisis in 2008. when congress moved quickly to pass the.frank asked in 2010, i strongly supported the need for financial ref

you end up in minneapolis is -- minneapolis, as head of the federal reserve in that city.id that happen? neel: there are 12 regional federal reserve banks around the country. they each have boards of directors. their board of director was looking for a new c.e.o. and they conducted a nationwide search. their search firm contacted me, said, would i be interested i , applied, went through the process, and was selected. charlie rose: what is your role there? neel: i lead an organization of about 1000 people at the minneapolis fed. there is a management element. i sit on the federal open market committee. i help discuss interest-rate policy for the country. i get involved in broader policy issues around the ninth district. it is not just minnesota. it is north and south dakota, montana, michigan. and wisconsin. charlie: you make a speech that is enormously controversial, especially in the city, but also washington. first, the question is what did you think of the regulations passed after the crash in 2007-2008? neel: i strongly supported the need for financial reform. when dod

there are a lot of experts in minneapolis. started talking to them on their ideas about too big to fail. i realized my concerns are still valid. at the these giant banks center of our financial system. if one of them collapses, there are all these linkages to the whole economy. it is like the heart, the arteries, and the veins. if you have a heart attack, it can kill the whole body. that is what we saw in 2008. when the biggest banks ran into trouble, they brought the whole economy down with them. in contrast, think about silicon valley. we had the tech boom. it crashed into thousand. devastating for silicon valley but it did not cause devastation for the whole american economy. thing aboutunique having these giant banks at the center of our financial system. they can do a lot of good. when they run into trouble, they can cause a lot of harm. that is why the federal reserve had to step in to use taxpayer money to stabilize them. charlie: you did not do a good job explaining why it was about rescuing the banks. neel: i agree. c

, nice time to look to the north and see what the folks are enjoying, 18 in detroit. 10 degrees minneapolis. cold front to the north is insignificant. could add clouds. when the boundary passes we could pick up clouds. low pressure to the east. high pressure to the west and southwest. clear skies not as cold for us. the front moving through the early part of the day tomorrow. a few clouds near the boundary itself, that's around 7:30. pushes to the south most of the day to our south. it's not cold air, recooling the air and brining in a wind shift. do is drive clouds across the

why is this your job at the minneapolis fed?inneapolis fed has a long history of thought on too big to fail. one of my colleagues and predecessors wrote the original book "too big to fail" in 2004 arguing that large banks were a problem. they were exactly right. the congress created federal reserve system, they created a central bank to have a diversity of opinions at the table. i'm speaking out on behalf of my colleagues in minneapolis. >> would goldman sachs benefit? that would affect bank of america and jpmorgan. goldman is already streamlined. they are one of the institutions that has been designated as systemically important. >> what about the banks you regulate? have you talked to the banks about this in advance? stephanie: they don't like it. david: there's some response ability to talk to the people being regulated. we don't preview policy announcements. unity banks are frustrated that they are being caught up in the regulations try to stabilize the biggest banks. imagine if we take transformational action to make sure t

louis and just ahead of minneapolis there. >>> well, an alabama schoolteacher is happily engaged to his future wife after a huge helping hand from students. >> so cute. and thanks to him, his proposal was seasoned with flair. she saw him out with his when he told them he wanted to make it official, the awes transformed into helping hands. >> i cut the strips of paper that made the letters. >> why such a big banner? he is a pilot. he took his girlfriend up in the sky while the students layed out the banner down below. after the initial shock, his girlfriend said, yes! especially when she saw the ring. and now he is back in the classroom with the same thoughtful students who helped him reach out to his life love. that's so sweet. >> yeah. >>> this is time of the year in which many of us get the bills

sheree: i want to go to minneapolis. the minneapolis airport is now offering you a way to unwind if flying stresses you out. >> feel how soft he is. sheree: the airport brings in about 20 different pets on various shifts. to serve as therapy animals. they' re perfect for anyone who' s leaving a pet behind or who could use a snuggle. to lower blood pressure. >> one of our first customers stayed for about 15 minutes, sobbing crying. she had just buried somebody immediate family member. her knees had gotten weak, she didn' t think she could make it across the airport she saw my dog. and just hugged him and sobbed and cried. one dog' s handler says she' s volunteered at hospitals. sheree: but the airport was a surprise request. minneapolis says it won' t have pets on duty mike: hundreds of people are lining up in taiwan to walk on the ceiling of a topsy-turvy house. the fully upside-down house will be open until july in taipei. it features life-size chairs tables a toilet and even a car, stuck to the ceiling. it cost about $

we are not the only ones braving the cold this morning, minneapolis at six below. it is a little warmer to the west, in the 20's and 30's. warmer air to the south and west, and colder air ahead of the front that will be lifting through, starting to warm us up by tomorrow and will bring us a little bit of snow. the snow moves in tonight into tomorrow, 31 degrees on sunday. temperatures back in the 50's on the 8 day forecast. alyx: city leaders in clive are taking steps to respond to flooding faster. in june surprised them with how fast the water levels rose. thursday night, the city council adopted an updated flood

>> i just started at the minneapolis fed, so i'm moving as fast as i can. feel like what i bring to the table is a unique perspective as being one of the few people on the front line responding to the financial crisis and that colors my views on the various reforms that have then implemented. the minneapolis fed does have a lot of expertise and bringing these things together so that we can do more -- the last thing i will say is there are a lot of experts around the country who have strong opinions about this. we are trying to create a process to bring those together and say let's find a better solution. not'm surprised you aren't seeing the single point of entry approach. enoughs if you have total loss of capacity, it was hard for any bank to run through it. using the single point of entry, you are able to resolve them either through title i or title ii. why haven't we solved the problem? why are you wanting to do things that might come up the gears more. why not recognize the innovation for what it is? is --shkari: mike concern my concern is if it is real

in the first public speeches and new federal reserve bank of minneapolis, the brookings institution mightbe time to break up the biggest banks. >> the biggest banks are too big to fail to larger as. >> you can see more later this morning. he's a guest on mourning said maria. fed watchers as the new material to look over today. the federal open market committee this afternoon. there is no clear signal about what to expect in the coming months. investors with any indication about whether it will raise rates. jo: some disappointing news on the earnings front. according to bank of america, the fourth quarter earnings season is looking like the worst quarter for corporate earnings since the third quarter 2009. analysts say 87% of companies that reported results. overall earnings per share expected to show a drop of 4% from a year ago. analysts have lowered expectations due to tumbling oil prices, strong u.s. dollar and a slowing chinese economy. lauren: big media fortunes are wing myth the valuations of companies like viacom and disney under com and hold steady amid some cord cutting fears the

nariana who is a former minneapolis fed chair, outgoing president of the federal reserve bank of minneapolis. he made -- on martin luther king day, he wrote a blog and here is what he said there is one key source of economic difference in american life that is likely underemphasized in the fomc deliberations race. he went on to say that for the year -- he went on to say he searched through the transcripts of the fomc meetings the year 2010, first year on the committee, and a dire year for african-americans in our labor market and that year a total unemployment rating ceded 9.25% every quarter, but for african-americans, 15.5%. today, now, white unemployment in minnesota is 2.9% as of december 2015, black unemployment is 14.1%. and in minneapolis, white unemployment is 4%, but overall white unemployment is 4%, but black unemployment is a shocking 18.9%. so i say that because, i mean, this is something that i think needs the attention of the chair. and you may -- i don't know what constraints you believe are out there, but, you know, people -- race matters when it comes to how people experienc

the wind and snow will create difficult travel conditions from minneapolis to chicago. compare that to colorado and points west word, warm, dry and lots of sunshine -- westward, warm, dry and lots of sunshine. the cold air is following this system with highs in the 30s we will have highs in the 50s here and come close to 60 on friday and close to 70 on saturday. just a few high clouds around area tonight. the wind will diminish and then return tomorrow. there are no high wind watch or warning areas. 11 him for the low in frisco. 17 and rifle. the high -- in rifle. the high will be a little bit above average tomorrow and they will will shift -- then we will shift gears with a wind shift and we say goodbye to february with warm temperatures. tonight here in cold at 19. tomorrow at lunchtime, mid 40s. kids will be a -- will need a jacket at lunchtime. it will be cooler in the afternoon with the little bit of the breeze. then we jump to the 60s and possibly 70s as we head to the weekend. on the sunday forecast, i push the rain and snow into monday night and tuesday. we will

right off the north pole and through minneapolis and down into the ohio valley. so they're cold and stormy but for us, it's warm and dry -`coming in from the southwest united states. tonight, couple of cold pockets like in gunnison and 11at craig but 30 in denver. to tomorrow, not as warm but way above normal. in the mid to upper 60s and 40s in the mountains. and upper 50s to lower 60s. 30s to mid 40s in the %- mountains. low temperatures at 30. a high of 60 tomorrow under mostly sunny skies and the fun keeps on coming. we can throw a bright spot in there and no major storms, just a mild quiet, very pleasant time in february. >> our sunsets have been the bright spots. >> gorgeous. >> broncos colors, for sure. %- >>> right now, caught up nationally. now at least 66 confirmed zika cases here in the u.s. the virus thought to be responsible for birth defects was found in the brain of an aborted fetus. at this point, no treatment. >> and crrise ship passengers they were on the anthem of the sea when the ship encountered winds and they docked hours ago in new jersey. >

, outgoing president of federal reserve bank minneapolis. on martin luther king day, he wrote a blog and here's what he said in part. there's one key source of economic difference in american life that is likely underemphasized in the fomc deliberations, race. he went onto say that for the year -- he went on to say that he searched through the transcripts of the fomc meetings for the year 2010, his first year on the committee and a dire year for african-americans in our labor market, and in that year a total unemployment rate exceeded 9.25% every quarter, but for african-americans it exceeded 15.5%. today, now white unemployment in minnesota is 2.9% as of december 2015, but black unemployment is 14.1%. and in minneapolis, white unemployment is 4% but overall but black unemployment is a shocking 18.9%. so i say that because, i mean, this is something that i think needs the attention of the chair. and you may -- i don't know what constraints you believe are out there, but, you know, people -- race matters when it comes to how people experience

minneapolis is minus six. you factor in the winds. 17 below in minneapolis. and 12 below in chicago. our wind chills at r.d.u. currently at 20 degrees. state is in action today, they will be tipping off this particular game at midday. before and after the game, the same temperature so make sure, again, heavy winter jacket with you. clear skies around for now. i expect to be clear tonight and even colder tomorrow morning starting in the teens and then low 30's in the afternoon. high clouds moving in as well. and then on a monday, there you can see the winter precipitation starting to come in. when the warn front moves in the temperatures warms up. and a rain event on our tuesday. the 30's and then tonight cold, teens. some areas flirting with single digits. by a cold start to your valentine's day. 32 in the were afternoon. a mix to start on monday and turning to a cold day. tu now at havertys furniture, it's our annual presidents day sale. which means it's the perfect time to create the perfect home. now through february 15th, everything in our store is on sal

, outgoing president of federal reserve bank minneapolis. on martin luther king day he wrote a blog and here's what he said in part. there's one key source of economic difference in american life that is likely underemphasized in the fomc deliberations, race. he went onto say that for the year -- he went onto say that he searched through the transcripts of the fomc meetings for the year 2010, his first year on the committee. and a dire year for african-americans in our labor market. and in that year a total unemployment rate exceeded 9.25% every quarter, but for african-americans it exceeded 15.5%. today, now white unemployment in minnesota is 2.9% as of december 2015, but black unemployment is 14.1%. and in minneapolis white unemployment is 4% but overall but black unemployment is a shocking 18.9%. so i say that because, i mean, this is something that i think needs the attention of the chair. and you may -- i don't know what constraints you believe are out there, but, you know, people -- race matters when it comes to how people experience o

neel kashkari gave his first speech as minneapolis fed president yesterday. he shocked fed watchers and the financial industry. kashkari called on lawmakers to take radical action to reign in banks and protect taxpayers, including breaking up the nation's largest banks to avoid bailouts if necessary. >> i believe we must begin this work now and give serious consideration to a range of options, including breaking up the large banks into smaller, less connected, less important entities, turning large banks into public utilities by forcing them to hold so much capital they virtually can't fail with regulation akin to that of a nuclear power plant. >> kashkari, of course, worked at the treasury department during the financial crisis where he was an architect of the bank bailouts. neel kashkari will join us at 6:30 a.m. eastern today. >> let's get a check on the markets this morning. take a look at the futures and remember you're looking at markets that are coming off two days of gains. if they put together a third day of gains, this will be the first time that's

flights have been n delayed through outthe day and those to minneapolis canceled. airline before you head out. the caucuses are over but there are several local elections going on right now. rridor residents in the college community district are braving the elements to cast their vote on a public measure dealing with millions of dollars.cbs 2 news reporter melley moore joins us live from one voting precinct-- the american egion in swisher. swisher.mellaney? the storm did have an impact on when voters came outtoday the linn county auditors office says ____ many people came hi, melanie. hours.voting was supposed to open at seven this morning until officials got wind of the forecast and moved it to noon.regardless ofwhen the doors opened, officials here said they weren't expecting many people to come.but they've been surprised.the legion has been busy with residents voicing their opinion on 49 and a half million dollars of potential college community school distriri.as cbs 2 newewhas previously reported, the school district says the money residents are voting on [ no

minneapolis, green bay, looking at snow. it is snowing hard in minneapolis, 20 -- 29 with a winter storm warning. they could see a foot of snow. lots of snow in denver. tomorrow morning, will the warm front lift? get heavy thunderstorms and not severewhat it looks like it will lift. -- but it looks like it will lift. the front bushes offense over the showers and thundersthursday, chillier temperatures but at least we will see sunshine. fog and drizzle, overnight low mild in the 50's. warming up towards daybreak, windy with showers and thunderstorms. hi, upper 60's to near 70 in the upstate, low 60's in the mountains. we dry out tomorrow night, thursday, friday, it did weekend and early next week. michael: it's always fun. prime time media night. ricardo: most of the players got weird, crazy questions. back to normalcy. we will have a live report from santa clara, and we will hear from cam newton. >> now, wyff news 4 sports. ricardo: three-time nascar chamipon tony stewart is in the hospital tonight, with a back injury. a ste

at one of the dispersed speeches -- or his first speech as the minneapolis fed president, something wee heard him speak about before, obviously, and other presidents have been talking about this -- what makes you think or well, if i can ask you the question, will his proposal coming out of the minneapolis fed be any more effective or any more chance of seeing the light of day than any of the others we have seen so far? guest: last week you had janet yellen speaking before congress, and she put a very positive spin on it. things are moving ahead, dodd-frank has required stress capital, all of the positive things happening, and neel kashkari says wait a minute. despite all of the progress we are still in the same place we were 10 years ago, too big to fail is still a problem in something has got to be done. tohink that view is going really resonate with a lot of people and it's not just the head of the minneapolis fed, as you point out -- the head of the banks city fed, a former regulator says, what is wrong with breaking up the banks? there is still a problem. fed.ead of the st. louis t

only 10 in minneapolis, and single digits across parts of utah.at's pushing into parts of the pacific northwest bringing heavy rain along lower elevations and amounts of snow. not only cascade but northern rockies, here is a look at the forecast temperatures, 29 for minneapolis, and across the east coast it's mild for now. temperatures in the 50's and 60's but this could be changing coming up as cooler air arrives. >> lauren: maria, your blue dress matches that map this morning. >> thankthank you. >> nicole: we have up arrows to commodities. s&p futures up 6. ♪ ♪ ♪ thank you, we'll call you. evening, film noir, smoke, atmosphere... bob... you're a young farmhand and e*trade is your cow. milk it. e*trade is all about seizing opportunity. child: ♪ i like to eat, eat, eat apples and bananas ♪ ♪ i want to eat, eat, eat apples and bananas ♪ ♪ i need to eat, eat, eat apples and bananas ♪ ♪ why can't i eat, eat, eat apples and bananas? ♪ scarlett johansson: one in 5 children struggles with hunger in america. support the feeding america nationwide network

that program is just starting at the minneapolis airport. there are not therapy dogs at the airport all the time. right now, about 20 different pets fill various shifts right all across america families are coming back to time warner cable for a whole new experience. that's because we've been working hard to give you better service, and it shows. we came back for internet speeds so fast even the kids are impressed. oh she's impressed. we're catching up on movies and shows on demand just as fast as we can watch them. for $89.99 a month you'll get 30 meg internet, hundreds of hd channels and unlimited calling. twc's home wifi is so strong we can use all our devices at the same time. so we can all watch whatever we want. and that's kinda cool. call now. for $89.99 a month you'll get internet, tv and phone. there's no contract, no risk come back today and we'll give you free installation with our exclusive one-hour arrival window. feels good to be back. come back today. you'll get free installation, tv equipment and epix included. and ask how yo

minneapolis 10 degrees right now. we talk about things that will get back to normal relatively speaking in terms of temperature next week. what will happen the last 2/3 of this weekend is not normal. 21 degrees below zero. we take a trip up there. what will happen with all that air is getting ready to take a trip down here. it' s not all that unreasonable winter. that is about the time the arctic front will be coming through and once it does, in spite of the time of day, the direction after that. in one direction after that, and that is that way. by saturday at 1:00, now we have jock into the teens in boston. 10 or so in worcester. estimates, obviously. 7:00, boston is in single 7:00 at night and the winds could still be gusting to 30 to 40 miles per hour. boston will probably dip below zero before midnight. worcester headed into double digits below zero and boston looks to be significantly below zero. a member struggle for the temperature recovery, in spite of a full sun for most of us on sunday. only going to see it

heavy snow in minneapolis, 28 degrees.i head of ththfront, mild. 57 in cincinnati. showers developing tonight across the area. fog, drizzle, low 56 in the upstate, low 50's in the mountains. front comes in tomorrow from the west, windy. showers, very miles -- mild springlike weather. possibly a couple's broadband or storm's. 100% chance of getting wet the four-day plus, the front slides east tomorrow night, bringing in dry air. partly sunny and breezy and colder, especially in the modownsloping winds will offset the cold air on thursday. sunny and chilly friday, and into the weekend and into early next week, for that matter.michael: there he is. do you believe groundhogs can predict the weather? get ready to grab your flip-flops, t-shirts, and shor. an early spring is on the way. punxsutawney phil made his prediction this morning in western pennsylvania. his handlers told a crowd of thousands, there will be early spring-like weather this year. since there is no shadow to be cast, an early spring is his forecast. carol: now to our ulocal shots of the day, john, you a

is the president of the minneapolis said. -- minneapolis fed.t two big to fail new york city. london, i am tom keene in new york. the markets are churning, that is a good time to speak to erik nielsen of unicredit. he was in that they can and then of the crisis, saying forget about it, they will do better. the green is the regression of the good times in europe. there is banking, deutsche bank, and a bank in italy that is struggling. gdp is not all that bad in europe. why are you guys feeling miserable? erik: i wonder myself. on a serious note, i think a lot because ofimism is the politics of europe. we have the refugee crisis, and there is no clear solution. there are some countries on the onepheral of europe, but if had a sober look at the data, the gdp numbers, the per capita gdp numbers, which is what matters for the individuals, and that europe has less skewed income distribution than in america, there are not so big reasons to be lies the federal k talking about more policy? erik: inflation is too low. mario draghi has a clear mandate, und

high temperatures are forecast to stay well above average for the teens in minneapolis and the city of cleveland. take a look at what happens on sunday. it will be another cold one out there. the morning low temperatures, and you will see the drastic difference and how much colder it will get out there from parts of the midwest all along the east coast. raleigh north carolina 33 degrees for the high temperature today. >> maria thank you so much. >> it is 11 minutes after the hour. frightening moment as someone waves a gun behind a reporter during a life broadcast. the search for that man is happening right now. >> hacked again thousands of tax returns. >> half of the state of new hampshire declared officially they want the host of celebrity apprentice to run america. they weren't joking. they were not joking. donald trump and bernie sanders won the primaries. it was a great night for loud men with crazy hair. your path to retirement may not always be clear. but at t. rowe price, we can help guide your retirement savings. so wherever your retirement journey takes you, we can help you re

there were a lot of experts in minneapolis. i sort of talking to them about ideas on too big to fail. my concerns are valid. we have these giant banks at the system.f our financial one of them collapses, there are linkages to their economy. it's like the heart and arteries in our vains. attack, it a heart can kill the whole body. that's what we saw in 2008. when the biggest banks ran into trouble, they brought the whole economy down with them. in contrast, think about silicon valley. we -- the tech boom in the crashed in 2000. it didn't cause devastation for the whole american economy. thing aboutnique having these giant banks a the center of our financial system. lot of good. if they run into trouble, they can cause real harm. policymakers like me and former boss secretary paulson and the step -- federal reserve had to step in. didn't do a good job explaining why it was about notuing big banks and taking care of main street. >> communication was something we struggled with. projecttrying to confidence to the markets. we were t

you go to the midwest, minneapolis at 6 below. this afternoon, temperatures will sink into the single digits and teens. that is running 20 to 25 degrees below average. tomorrow morning is the coldest we'll feel. we are looking for boston to start off in the morning at 4 below. the record is 3 below. that was set back in 1954. we are looking at perhaps record-breaking temperatures sunday morning. as we go into sunday afternoon, temperatures will be in the teens. it is still about 20 to almost this time of year. we will see temperatures warming up on monday. weekend. as we go into tuesday, we will see temperatures above average. it is just the weekend. it is valentine's day. we should snuggle up anyway. >> good reason to stay inside. dylan, thank you. >>> turning to politics where fireworks are expected on the south carolina stage. that is the site of the next republican debate. with the attacks getting more heated on the campaign trail, anything can happen. we have coverage for you with nbc's hallie jackson covering the republicans

louis, chicago, omaha and minneapolis. now other than a few high clouds around the area, tonight is turning out to be a beautiful evening, another nice day tomorrow but less wind in the foothills and a few high clouds around. that may keep us from looking at high temperatures in the low to mid-60s. so the cloud cover will definitely be a factor for us tomorrow. tonight 14 in aspen, 10 in dinosaur, 28 the low in greeley, 27 in pueblo. still very warm in southeastern colorado, but the clouds and winds take temperatures down a bit, still way above average for this time of year and a weather trend that looks to in the denver metro area tonight we're calling for partly cloudy skies, breezy and cool, the low 30. sun-up tomorrow about 7:00 and we have high clouds around, a little less wind west of town and temperatures way above average again. there is a dry front that rolls in friday. we'll be cooler but dry. we start to warm up on saturday and then we have another stronger front sunday that may bring a few flurries northeast of

five degrees in northern minnesota. 25 in minneapolis. kansas city, 70 degrees. think there might be a front right about their? yeah. clear skies, chilly, clouds late tonight, overnight low 44. cloudiness late tonight in the mountains as the cold front it's closer. still mild on tuesday, scattered afternoon showers, maybe thunder late in the day. high 66. upper 50's to low 60's in the mountains with afternoon showers scattered around, maybe thunder late as the cold front gets closer. the for-day plus, thundershowers making their way across the area tomorrow night. even the computer doesn't like mondays. it is slow. it is having to work on a monday, too. wednesday, cooler temperatures, sunshine, maybe leftover rain and snow showers mixed in the mountains wednesday morning and also friday morning. cooler weather for the remainder of the week. into the weekend, looking nice. congratulations nancy mcconnell, our umbrella winner. carol: west pelzer officials say the town is currently without water after a water main break. they have no estimated time of restoration. c

you can see on the backside of the system that we have a huge snowstorm from minneapolis in two denver colorado . just ahead of that front it is pretty warm . the first of the showers indicatedof heavy rainfall, with lightning tracker . it is headed for just west of toledo and bowling green and findlay . it is all part of a cold front that brings ino the head of ahead of the system some toasty air it is 8 degrees warmer than yesterday, close to 50, downstate and cincinnati it is 57 anda huntington south point in kentucky and west virginia, it isis 70 degrees . and it is in the 20s in minnesota . this will be the last of the milder air, have it for about 12 hours and with your normal near normal than a couple of chunks in the next week will probably put us below normalk . so get ready for some. normal regular february weather of the good news is we will see an uptick of the normal high temperatures in february at the end of the month .l delivery drivers are cautioned to stay alert after a man was shot twice tried to deliver a pizza, surviving but there's plenty for the police to be conc

the senator wrapping up a rally here in minneapolis just hours ago.e was here over the weekend in rochester minnesota as well. that tells you how big of a state this is for him. sanders spoke a short time ago about what's at stake here. >> the truth is, tomorrow is important and key to super tuesday. what happens here in minnesota. we can win. no question, here in minnesota, if we have a turnout. >> reporter: part of his message here in minneapolis was about climate change, about being against fracking, clearly thinking that an environmental message will be troo key to turning out minnesota democrats. >> any sign of sanders and his supporters losing their hope with some tough races ahead for tomorrow? >> reporter: no. in fact his campaign set a goal of raising $40 million by the end of the month later today. rallies over the weekend and here today have been very large and very enthusiathuenthusiasts. and sanders told voters they shouldn't settle for hillary clinton. >> if you start your campaign talking about the need for a half a loaf, you are going

. >>> a man in minneapolis had a simple request for his 90 yet birthday. he wanted to take a -- 90th birthday. he wanted to take a big vacation. >> next why this u.s. born >>> imagine being told at age 90 that you can't take your dream vacation because you can't prove you were born in >> a man in minneapolis in a mitch police suburb is struggling to get -- minneapolis suburb is struggling to get a passport because of where in american he was born. >> just haven't paid too much attention to the candle. >> reporter: ray morgan will soon celebrate a new decade. >> 90 years, scares me. >> reporter: he and his wife sandy are having some serious trouble planning one last big vacation to mark the monumental birthday. >> this is the canadian rockies and that's what we're hoping to see again. >> reporter: they were last there in 1982. >> we thought oh, heck, why not? >> reporter: but in 2016 crossing the canadian border requires a passport and that's where the morgans' vacation plans hit a snag. >> my family was born at home. >> reporter: born in his family's iowa

severe weather, heavy weather all the way back into minneapolis. they have had heavy snow. minneapolis may edge -- and up with 5-12 inches of snow. 26 degrees with snow there. denver. tomorrow morning, there is the warm front lifting. there is the band of showers with heavy thunderstorms moving through th it moves east around the midlands and heads to the coast at 6:00 tomorrow evening.quiet weather tomorrow night continuing through thursday. another storm system coming out of the gulf may affect us in the latter part of the weekend and early next week. we will keep you updated. hattie fog and drizzle, showers likely. temper slowly overnight. tomorrow, rain and springlike weather. heavy thunderstorms. 1-3 inches of rain. to-four plus inches possible in the mountains. watches right now, the weather service is monitoring there is the potential for flash flooding with the rain coming down quickly. we will keep you updated overnight entered through morn, dry, not too bad. chilly in the mountains. seasonably chilly over the weekend. sunday and monday, a little iffy of the storm

of federal reserve bank minneapolis is launching a major initiative to develop an actionable plan tond "too big to fail," and we don't -- we will deliver the plan to the public by the end of the year. congress must decide whether such a transformational restructuring of our financial system is justified, in order to mitigate the ongoing risks posed by large banks. although to big to fail banks were not the sole cause of the financial crisis and the recession, there is no quiz and -- question that their presence at the center of the financial system contributed to the magnitude of the crisis and the extent of the damage. even the scale of -- given the scale of foreclosures, job losses, and costs to taxpayers, regulate -- regulators agree with must solve the problem. we know market make mistakes. that is unavoidable. but these mistakes, endanger the rest of the country. when roughly 1000 savings and loans failed in the late 1980's, there was no risk of an economic collapse. technology bubble burst into thousand, it was painful for silicon valley and technology investors, but it did not

into minneapolis is miller time -- this is going on in time. we are on the warmer side of it, so no snow for us with this one. we will eventually get some rain. right now, blizzard warnings and winter storm warnings for a big chunk of that part of the country. that is where the weather is impactful. we will have some clouds moved in during early tomorrow. it should be drive for the morning commute. during lunch time, the wet weather could be arriving. the evening commute has moved over much of the region to about boston. southeastern massachusetts may have to wait until the nighttime but it will be moving across during the course of tomorrow night. it will linger into thursday, especially around the cape. after that, it will turn low pressure me while for some precipitation to hang around. it may get chilly enough to see some wet snow start to mix in. then we should clear out all areas as we get to friday afternoon. days, we tomorrow, it is the afternoon at the night that we get the rain. it will become quite windy tomorrow night. strong wind g

we are not the only ones braving the cold this morning, minneapolis at six below. it is a little warmer to the west, in the 20's and 30's. warmer air to the south and west, and colder air ahead of the front that will be lifting through, starting to warm us up by tomorrow and will bring us a little bit of snow. the snow moves in tonight into tomorrow, 31 degrees on sunday. temperatures back in the 50's on the 8 day forecast. alyx: city leaders in clive are taking steps to respond to flooding faster. in june surprised them with how fast the water levels rose. thursday night, the city council adopted an updated flood response plan. they want crews to set up road blocks sooner. >> what we're trying to do is take into account those faster rising events and make sure that if we're three stages or three levels away from that event, that we are already starting to think about prepping and staging. alyx: the city plans to hold a public meeting on march 21st about the changes, as well as proposed updates to the fema flood plain map. it's an issue affecting more than a half m

. >>> this is medicine lake near minneapolis. a brisk 22 degrees. but perfect for this.he winter winds, parasailing across the frozen lake. skis, snowboards. i have seen it in the ocean before. why not do it on the lakes? if you fall, nice and cushiony too. we got soaked yesterday. still raining in a few spots here, especially from outer banks down to coastal south carolina. charleston, myrtle beach is wet for you. then in north florida you get the storms today. eventually, these storms will pass down through north florida. tampa area. jacksonville, melbourne, daytona beach. a few strong storms. then down to ft. meyers this evening. we have to watch closely, that storm system will clip areas. we have winter storm areas for cape cod. cold air filters in at the same time that it brushes us along the coast and areas like cape cod could get four to six inches of snow. boston four to six. and it will be a heavy, wet snow. we will push some of that all the way back almost to new york city. so all of long island getting some snow and coastal jersey could pick up maybe a slushy

, not border in winnipeg, but below zero in minneapolis, single digit in chicago and in the teens in cincinnatti. with that arctic high moving all that cold air in this direction, south and east, it will continue to spread our way over the upcoming week edge. for today, highs this afternoon will hold in the 30s. we'll have a lot of sun but yes, it will be cold, 37 for the afternoon high. tonight we get down to 15, so this is going to be the coldest night that we will have, and just for reference the record is 5 below set back in 1899, not only is that the record low for tonight but also an all-time record low temperature in charlotte. so since records have been kept, 5 below is the coldest we have ever gotten so yes, that record looks like it will be safe even though we're down in the teens tonight and first thing tomorrow morning. more on the cold and winter storm that will follow it for monday. the complete first alert forecast coming up in a few. >>> there is still much more to morning. new developments from state officials in north carolina dealing with coal ash stored near charl

the coldest spot, minneapolis with 31 . they usually have a much that much colder than that, it increasing winds and accompanied by the heaviest downpours tuesday and early wednesday . it is worse in iowa and southern minnesota, and denver colorado with winter storm warnings and blizzard warnings in place . we will be on in the water sector . so for us it will be the rainfall, a front comes in wednesday morning the last amateurs to tumble wednesday night . the area with a blizzard and storm warnings,w with amounts of 6 inches -- 18 inches, on groundhog day . and showers after sunset it will it'll be heavy at times tuesday into ww,sa tomas motz sometime this morning ,mo to be more precise in every day is in the right direction so far. >> on saturday, the second straight game that that lebron james, kyrie irving and kevin love all topped theatat 20-point tonight, they play the indiana pacers team that will try to play more small ball . see if they can adjust. full of the pink pink ladies and t. bird in t. bird, grease live wa

look at it right now with boston in the 50s and only in the stwents -- 20s in minneapolis. your daughter wants to stay organic. your husband wants to stay free from artificial ingredients. you want to stay free from artificial preservatives. and your debit card wants to stay on a diet. fill your cart with small victories like stop & shop's nature's promise brand. great prices on over 800 items. r pbuilding a better bank starts with looking at something old, like this... and saying, "really?" pso capital one built something new - caf\s. pwhere you can unwind with free wi-fi and banking advice, without all the mumbo jumbo. pfree checking accounts. no minimums, fees or gimmicks. pand a top-rated banking app that lets you handle pyour financial needs... right here. that's banking reimagined. >> you're watching newscenter 5 at 4:30. ed: just about a quarter of 5 right now. you are looking at the bunker hill bridge and isn't the sun angle delightful this time of year? traffic going through town is moving well. just hit the update button and not too bad. 25 minutes mass ave to route 3 and slow

dewyze is your job at the minneapolis fed --why is this your job at the minneapolis head? -- said?e of my predecessors wrote the original book to be to fail in 2000 or, arguing large banks were a problem and they were exactly right. congress, when they created the federal reserve system, they created the central bank. the purpose was to have a diversity of opinions at the table. i'm speaking out on behalf of my colleagues in minneapolis. stephanie: when goldman sachs love this? if you wanted to break up the banks, that would affect bank of america, jp morgan. goldman a streamlined -- is remind. mr. kashkari: really? they have been designated as historically important. david: have you coordinated with venture will -- dan to allow? mr. kashkari: i am talking to him. i've not heard back. we do not preview policy pronouncements with regulated institutions. i hear from a lot of smaller community banks that are frustrated that they are being caught up in regulations trying to stabilize the biggest next. imagine this -- imagine if we take transformational action to make sure the biggest b

feels like 7 below in minneapolis.is is saturday morning now, cleveland feeling like 13 degrees below zero. washington, d.c. on saturday morning feeling like zero with temperatures in the teens. then saturday evening, yeah, valentine's weekend, a lot of folks heading out around big apple, 10 and 15 below zero. the coldest is sunday morning, it could be the coldest valentine's day in a hundred years in new york, two degrees. look at boston, 4 below zero. windchills much colder than that, that would be the coldest valentine's day on record. now we're getting started with the cold today. a little preview. 20s in new york city. 21 in chicago. again, tracking some light snow in the midwest. look at the southwest, so jealous of los angeles. 86 degrees there. 87 in phoenix. it stays that way for friday. 80s in the southwest and then the arctic invasion begins in the midwest. 10 in minneapolis. watch as that sweeps into the northeast. we are stuck in the teens, new york city and boston thought the weekend. windchills near or b