mr. fisher, let me pick up precisely that point, that there are only two more meetings this year.was a tough squeeze to raise it in october and now just before holidays, you're going to have lick widuty concerns and next year, the business cycle in this country may be substantial. does that hold water in your view in. >> well, of course, had i been there, i would have artic ylula that it was a time to take advantage of. i think what they need to bear in mind and the equity markets and what they have infused with zero interest rate sasrates, i careful in december because you need to get them time to window dress their statements for year end and you could create volatility. therefore, ib can hear them say we want to be very careful because we don't want trip wires. so i can see having failed to move in semnptember. i wouldn'ted advocate that personally. but there will always be an excuse and a little less compelling than it was before but the real economy is in very good shape in the united states. >> if they can't go in october and december for the reasons you say, they can go in

mr. fisher, you're supposed to be the key adult in the room. how could you let that happen? that's a tremendous risk. even if they think there's a 90% chance that nothing is going to happen. that's got to intimidate them somewhat. >> you think there's no number that we could see on friday, no nonfarm payroll print that would change that risk? >> if you had a blockbuster number up above 300, you would certainly get the conversation started all over again. i think it was deutsche bank and a couple of others that said seasonality, this particular time of year, that number tends to be a little weaker. so i'm going to be on the far outside looking for a number under 200. so -- we'll see where we come in. >> guys, today i think the most important question we're getting other than the china and u.s. decoupling is how much real selling pressure is there left in the market? and when we got up this morning. when i got up at 5:30, i looked at the markets down 50 points on the s&p and i thought oh, my heches this isn't going to be like last monday. when we got here and came on the floor

mr. fisher, professor shiller and forward. treat dwroe, tthe trio. these guys would be fabulous if they took a vacation to machu picchu. we flew over denali. my doubt s >> tesla ceo tweeting a message being well-received on wall street. we'll find out why. we will keep our eye on the ecpb, which continues as we speak. my name is mark amann. i'm a gas service rep for pg&e in san jose. as a gas service rep we are basically the ambassador of the company. we make the most contact with the customers on a daily basis. i work hand-in-hand with crews to make sure our gas pipes are safe. my wife and i are both from san jose. my kids and their friends live in this community. every time i go to a customer's house, their children could be friends with my children so it's important to me. one of the most rewarding parts of this job is after you help a customer, seeing a smile on their face. together, we're building a better california. >>> shares of tesla rising in the premarket. the electric carmaker announcing plans to deliver the first model x crossover vehicl

mr. fisher has said what we heard from him when he spoke to steve liesman a couple weeks back.arry summers, you want to call him now, he'll come on and tell you exactly. he wants the world to know -- >> you're telling me that maybe he would be the co-host? >> you can add summers to raskoff. >> summers is basically saying that the scenario that i'm most fearful of -- summers has been there. summers has been seen -- seen what the dollar can do. summers wasn't born yesterday. >> no. >> my alma mater and summers didn't get along well. >> didn't work out well, but still there. >> it's not like, you know, the hall of fame. not an hof figure like julio jones is, obviously. >> we'll talk sports later, trust me. another day of declines in china's stock market. the shanghai down 3.6 on worries about slowing economic growth and despite chinese government efforts to stem the slide. the bank of japan saying it believes the japanese economy can weather a hit from the chinese slowdown. fiscal spending in china in august up 26%, accelerating from july. they'll start spending over there. >> one

mr. fisher, it's scott wapner. >> hey, scott. >> the words quantitative tightening have been mentioned bymart investors of late and it's the notion that we knee china is selling some of their reserves. and the concern there is that that, in and of itself, is going to force u.s. interest rates higher. how does that factor in, if at all, to the faed's thinking and the thought that the chinese, by virtue of doing that are doing some of the fed's work for it and maybe that that will ultimately impact the board's decision. >> they have $3.6 trillion in excess serves, whatever numbers being bandied about are small, relative to the total. a. b, if you look at the ten-year, still trading where is it today, 217 or so i don't have a screen in front of me. but -- >> yields haven't moved. the ten-year -- >> yields haven't moved. i would think yields would move if there was a genuine concern about this put into context of a huge pile of reserves. and i don't lose a lot of sleep over that. i don't think -- nice little handle. everybody is looking for an excuse does not have the fed move. why? because m

mr. c. fishery were hoping to one day sing for the president of the united states but the pope got there first, so then bobby walked up to the pope with the rock and the pope was like, bobby was like, the pope said in his little accent, oh, is this for me, thank you. in return he gave bobby a rosery. so we were looking at the rosery like oh my god, this is so amazing. >> we're so glad you got that experience and thank you for sharing with us because it's certainly something special. thank you, best of luck to you, as always. >> thank you. >>> top of the hour complete coverage of the pope's last day in the u.s. including a look what is ahead for this afternoon's mass in philadelphia. more than 1 million people expected to flood this area. we'll be back. people don't have to think about where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generati

mr. speaker, today i rise to honor a brave american hero, sergeant zachary f. fisher, from my hometown of ballwin, missouri. on july 14, 2010, missouri's second district lost a brave young man when united states army sergeant zach fisher was killed by an i.e.d. while serving during operation enduring freedom. sergeant fisher was designed to the 29th engineer battalion based out of fort bragg, north carolina. he was 24 years old when he ed at forward operating base lagman in afghanistan. zach graduated in 2004 from marquette high school in st. louis where his history teacher remembered him as a patriotic student with an interest in how the united states developed as a country. zach met his beautiful and loving wife jessica just before his earlier deployment in iraq. at a time of his death, they had been married for just two years. sergeant fisher is survived by his parents, sue and jim jacobs, and bob aand alicia fisher and three brothers, andrew, clayton and alexander, along with two sisters, emily and zoe. zach initially enlisted in the united states army reserves wh

mr. chairman. >> thank you, senator. senator fisher. and we have up next, he's ready, senator manchin. you want to go? okay, we'll go senator peters next. >> thank you. thank you, mr. chairman. miss feinberg, thank you for being willing to take on this job. obviously it's a very big job and i know you are putting a lot of good faith efforts and we appreciate your efforts and appreciate the opportunity to meet earlier and talk about some issues. before i get into the positive train control and i have some questions related to that, i would like to first mention a personal incident that i had with a good friend and an accident that you mentioned in some of the follow-up related to that accident. you mentioned in your opening testimony the amtrak accident out of philadelphia, 188. and i had some personal contact with that in the fact that i had some very good friends of mine who lost their daughter in that very tragic accident. and their first contact with amtrak was a very impersonal cold call from a claims adjuster of some sort who said that they would be willing to pay reasonable funera

mr. chairman. >> thank you, senator. senator fisher, and we have up next, he's ready. ou want to go -- okay. senator peters next. >> thank you, thank you, mr. chairman. you are putting a great deal of good effort putting in and working hard and i appreciate your effort and i appreciate the opportunity to meet earlier and talk about some issues. before i get into the freight control which i have questions relate today that, i would like to first mention a personal incident that i had with a good friend and an accident that you mentioned and some of the follow-up related to the accident. you mentioned the inceddent outside of philadelphia in 188. i have personal contact with that. i have very good friends that lost their daughter in the very tragic accident. the first contact with amtrack was a cold call from a claims adjustor of some sort who said that they would be willing to pay reasonable funeral costs, that was amtrack's response which did not suit well with the company, as you can imagine. amtrack is to have family assistance plans and i inserted an amendment, which

mrs. clinton by nine points, that's 41% to 32%. kristen fisher is live in washington with more on this story. hi, kristen. >> hey, good morning. so, you know, most of the republican presidential candidates are laying low this labor day weekend but not hillary clinton. today she starts a two-day swing through iowa where she is expected to focus on her plan to raise wages for middle class families and yesterday she was in new hampshire where she picked up an endorsement from the state's senior senator democrat jeanne shaheen but, you know, no matter where she goes, questions about her private e-mail server continue to follow her. yesterday we learned clinton personally paid a staffer to maintain staffer in her home, the staple staffer who invoked his fifth amendment rights before the house select committee on benghazi. >> with respect to personal services that he provided to me and my family, we obviously paid for those services and did so because during a period of time we continued to need his technical assistance, and i think that's in the publi

fisher. >> thank you, mr. chairman. welcome, administrator. i would like to kind of drill down a little bit on some items that were brought up about cell phone coverage. there was an early september 12th that stated there was no cell phone coverage at the gold mine the day of the spill. that was confirmed in an august 16th e-mail posted on your agency's website which also said, quote, no satellite phone was at the local." just to clarify, there wasn't a cell phone, there was no satellite phone. there was no way to immediately communicate to those downstream when the toxic water began rushing out. so my question is, was the epa properly prepared if there was a spill that could happen and which did happen? >> senator, i cannot confirm at this point about the cell coverage. i apologize. i will get back to you on that. but clearly better notification would have been beneficial to all of us. and that's one of the reasons why we have actually asked for a review of all of this internally and beefing up of our notification process. it is a very seclud

fisher. >> thank you mr. chairman and general for your service to this country but also for being here today so that you can provide us with i think some very important insights. our approach in syria and iraq seems to be that we're going to be relying on local partners to be the boots on the ground. just how far do you think these local partners are going to be able to take us? >> well, again, they'll go as far as is in their interest to do so which is why i mentioned earlier we have to be realistic about that. that is reality. that's why i mentioned earlier we should not think that the kurdish can be pushed much farther below where it is they are in iraq right now or frankly the syrian. again you might employee them for some specific operations, play a role in clearing parts in mosul. but they can't ultimately hold those areas. i think in that sense we have to be realistic. they have a stake however in doing what it is that we want done. which is to defeat the extreme -- the most extreme of extremists, the

fisher? >> thank you, mr. chairman. thank you for your service is and being here today so you can provide us with very important in sights. our approach in syria and iraq seems to be that we're going to be relying on local partners to be the boots on the ground. just how far do you think these local partners are going to be able to take us? >> well, again, they will go as far as as in their interest to do so. we just have to be realistic about that. that is reality. that's why i mentioned earlier we should not think the kurdish peshmerga, for example, can be pushed much farther below where they are in iraq right now. or frankly, the syrian peshmerga. you might get a bit farther. employ them for specific operations. they can't ultimately hold the areas if they are predominantly sunni arab. so in that sense we have to be realize ig. they have a stake, however, in doing generally what it is that we want done, which is to defeat the extreme -- the most extreme of extremists, the islamic state. and ultimately to create a con

mr. brady's name make him up -- may come up. richard fisher ripping it up in the financial times. fed has waited for full employment to be achieved before starting to tighten policy, it has ended up having to tighten so much it has driven the economy in a recession. fisher really coming out in pushingof richmond, boston. many others saying wait. this is the debate as we go the next seven days. olivia: look at what happened in new zealand. they don't want to move to soon and have to reverse. and japan several years ago. tom: that was a huge moment for economic theory. there's two sides to this. this is economy that did grow in the second quarter -- the interest rates not align with the actual growth rate of the economy. the others and say they missed there with no -- there window. >> what does the market want? do they want symptom or 17 -- september 17? >> i think the volatility in markets does send a chill into september. i could see october. the market wants some sort -- tom: what do chief financial officers want the financiers doing deals? >> what they are looking for is finding

and provide a prescription which accounts for -- i'm referring to chair stan fisher which i suppose ties to the question to mrking at your paper which was presented last week. how dow reconcile the necessity on the part of policymakers to be somewhat, shall we say humble, but at the same time call for normalization? which framework are you looking at? and how could you explain the relation function of the fed is the fed was capturing development, i'm referring to global development in the framework. which program temperature do you look at? >> john, do you want tohg3óÑ tah that? >> sure. there is a lot of discussion aì% symposium about the relationship between the stateÑ of labor market and when that starts to provide upward pressure on inflation to get inflation back to target. but i think the basic story that the fomc will have to be grappling with is these issues out with that kicked off the session nicely with. we need to be looking one and two years down the road. do we believe that if the labor market continues to improve at the rate it's improved for several years that a year or two down the rooz that

mr. quatman: comstock ended up becoming ulysses s. grant's chief engineer on his staff, and comstock and weitzel ended up being paired together at the battle of port fisher. off the coast of wilmington, north carolina. there were two assault, christmas day of 1864 and january 15, 1865. weitzel led the first in december, with comstock as grant's eyes and ears to watch what was going on. the first assault was unsuccessful. the second assault was led by general terry. it was successful. comstock was promoted to brigadier general for that event. comstock married. he lost his wife. they ended up reconnecting at the great lakes where he was in charge of designing lighthouses and dams. today, there's a comstock prize in physics given out annually to budding young scientist. >> yes, ma'am. >> the relationship between the slaves or the troops that he led , the black troops, what was that relationship like? i've never seen anything written by the troops about him. he was a very benevolent commanding officer, and i have to think he was equally benevolent to the black troops. he did design a badge for the 25th corps. he wrote a letter to the troops about the badge.

mrs. clinton's e-mails that she says she deleted could possibly be recovered. the reason of course is deleting an e-mail is not the same as wiping a server of all of its contents. kristen fisher has more from washington on this new revelations. >> this is the strongest indication so that that the e-mails could be recovered. they have no knowledge of the server ever being wiped clean. but even if it was wiped clen, whoever did it did not do a good job. that's according to -- >> sheriff joe arpaio has taken the stage for a new conference. no one so far arrested for the shootings. authorities do have what they call a person of interest arrested on a marijuana charge over this weekend, a 19-year-old. but clearly the horrific and shocking shootings have continued without anyone in custody. let's listen to what sheriff joe arpaio who certainly has a nationwide reputation for getting tough on some of these news crimes has to say. >> this is a serious matter. i want to thank director millstead and the deputy chief for coming over. you guys both did a great job. actually, last night we received a phone call, man and wife in the vehicle, that the vehicle was -- the window was shattered

and provide a prescription which accounts for -- i'm referring to chair stan fisher which i suppose ties to the question to mring at your paper which was presented last week. how dow reconcile the necessity on the part of policymakers to be somewhat, shall we say humble, but at the same time call for normalization? which framework are you looking at? and how could you explain the relation function of the fed is the fed was capturing development, i'm referring to global development in the framework. which program temperature do you look at? >> john, do you want tohg3óÑ tah that? >> sure. there is a lot of discussion aì% symposium about the relationship between the stateÑ of labor market and when that starts to provide upward pressure on inflation to get inflation back to target. but i think the basic story that the fomc will have to be grappling with is these issues out with that kicked off the session nicely with. we need to be looking one and two years down the road. do we believe that if the labor market continues to improve at the rate it's improved for several years that a year or two down the rooz that d