mr. fisher, thank you very much, as always, for being with us. great to see you again.ichard fisher. >> thank you. >> former head of the federal reserve bank of dallas. >> thanks so much. >>> well, financial stocks rose on the fed's statement, since banks tend to benefit from higher rates. bank of america rose more than 5% with citi, wells fargo, jpmorgan and goldman sachs all seeing gains as well. >>> and oil prices rose alongside stocks. crude posted its largest gain in nearly two months today, sparked by news of a u.s. export deal with mexico. this morning, that country's state-owned oil company said it received permission to import thousands of barrels a day. domestic crude prices rose more than 6%. >> but despite that rise in oil prices today, prices remain relatively low, and that's caused the energy sector to be the biggest market loser this year. but there has been a bright spot, and that's the refiners. late today, tesoro said it would buy back $1 billion in stock. and as morgan brennan tells us, other refiners are expected to have a solid quarter as well. >> o

mr. fisher was deeply committed to supporting the men and women of our armed forces and our veterans as well. in that light he founded the fisher house foundation which provides housing to the families of our veterans and our service men while a loved one receives medical treatment. additionally, mr. fisher found the intrepid sea, air, and space new seem in new york city. the cause for which i rise today is to urge my colleagues once again and urge the nation once again to focus on the profound need to increase alzheimer's research and to recognize the equally profound work that the fisher center has done to ultimately advance and find a cure. with 5.3 million americans suffering from alzheimer's, we must do more. left unchecked, alzheimer's will continue to dramatically i impact countless lives and families across the country and left unchecked alzheimer's could cost our nation $1.1 trillion annually by 2050. . i rise to thank the fisher center foundation for leading this charge by funding groundbreaking research to finally end this disease. thank you, mr. speaker. yield back. the speaker p

mr. fisher, welcome back to the program.ot of people will be surprised that mario draghi has made such a clear signal that when they get fresh data in december, they will look again at qe in europe and what does that mean to investors here and to those in the feds? >> this isn't new for mario draghi. he did it at his last press conference and the one before that. he is very market savvy. he is talking up the market, talking down rates. it doesn't necessarily mean they will do more q.e. he has a tremendous effect on the marketplace. if you look at the ten-year german bond, though, it is two basis points higher than the last time he made similar comments. the market is basically roughly the same in terms of the equity markets. i don't think it means a lot as far as the united states is concerned. the real issue is, what does the fed do if it does anything between now and year-end. we have received so many mixed signals on that front. >> they meet and conclude next wednesday. what is your judgment now. one of the reasons we are

mr. chairman. >> thank you, senator fisher. >> thank you, mr. chairman. it's good to see you here today, commissioner. and good to see your family here as well. caroline francis is one of my favorite's girl name. we have a girl named caroline as well, she's now a big girl. and emmet joseph, that's a sharp-looking tie as well. thanks for coming to montana last month to participate in the telehill workshop, where i'm sure you saw firsthand the opportunities that technology truly can bring to rural america. in your statement, the committee, you mentioned one of your top priorities is securing access to communication services for all people, no matter where you live. and i couldn't agree more. access to technology is allowing us to remove geography as a constraint and allows montanans and those who live in rural areas to start and grow world class companies, but we still have got a lot of work to do. a lot of issues to overcome and serve the underserved communities. the communications act tasks the fcc with providing services to rural consumers that are reaso

eeted out a fisher showing mrs.on talking to other members of the house. , who appeared to be sweating at the time, seemed to be happy to be leaving the room. i thought the most interesting thing was the conversation that did not get captured on camera. i mentioned chairman gowdy

fisher. >> thank you, mr. chairman. thank you, general, for being here today. to look further into the flow of the foreign fighters that are moving into afghanistan, in february, you mentioned a few talibans seemed to be reflagging their the isis banner there. are we seeing that regional draw, are are they drawing from outside the region, in north africa, say? how does that compare to the taliban? will we have local versus foreign fighters? is that going to grow. will it be similar to what we saw with with al nusra and isil that take place in syria? >> thank you, ma'am. i think particularly in the nanguhar. they want to rebrand. but reports of foreign fighters coming from outside afghanistan. i couldn't give you a good percentage with numbers. we have seen increased reporting to try and establish a base and bring in some sort of funding stream to build a place in andujar. if they have foreign fighter help, uzbekistan, khefp an, we have seen reports from the afghans. we have seen a lot more foreign fighters into the kunduz, into the sar poll area. i don't think

fisher? >> thank you, mr. chairman. welcome, administrator. i'd like to kind of drill down a little bit on some items that were brought up about cell phone coverage. in the omaha world herald there was an article on september 12th that stated there was no cell phone coverage at the gold mine the day of the spill and that was confirmed in an august 16th e-mail that was posted on your agency's website which also said, quote, no satellite phone was at the local, end quote. so, 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 really properly prepared to inform local communities if there was a spill that would happen and which did happen? >> senator, i cannot at this point confirm to you 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

fisher. >> thank you, mr. chairman. welcome, commissioner. you've talked about opening up more unlicensed spectrum for wi-fi, even highlighting your concerns with the way the cbo has scored the license spectrum over the unlicensed. so what are the potential implications of releasing more spectrum for that unlicensed use? >> thank you. unlicensed spectrum is incredibly important for our economy think of it like wi-fi. it demock ratizes internet access. it is the source of $140 billion of economic activity every year, and even our licensed carriers rely on it when they offload service onto it. it grinds it through an analysis that sometimes produces results that are at odds with some of the committee and the congress. and one of the channllenges is that the congressional budget office prefers licensed spectrum to unlicensed spectrum, and that's because licensed spectrum raises revenue when we auction it off to commercial carriers. but what it misses is that unlicensed spectrum is a source of so much economic activity as i mentioned, $140 billio

mr. biden is close to a decision if he will also run. we have team fox coverage of all of this from washington. kristin fisher on the latest from the democratic race but first to elizabeth with more on the gop showdown. hi, elizabeth. >> hi, eric. jeb bush continues to be a front-runner about his 9/11 comments. billionaire trump doubles down saying the towers came down on george w. bush's watch. >> i don't want jeb bush to say my brother kept us safe because september 11th was one of the worst days in the history of this country. i'm not thin-skinned when something is -- if i did something wrong and you did something wrong, i can handle that. and if the press is bad. it is when people hit me when i didn't do anything wrong. it is like, then it is not a question of thin skin, i will fight back. >> the bush campaign releasing just hours ago a two-minute ad on social media blasting his ability to be commander-in-chief and international heavyweight. blushing that politicians pointing to trump's knowledge of foreign affairs. >> it looks as though he is not taking the responsibility, possibility of being president

fisher: thank you very much. >> thank you mr. chairman. good to see you here today commissioner. good to see your family here as well. caroline frances, one of my favorite girls name. joseph, that is a sharp looking type you are wearing as well. [laughter] thanks for coming to montana last month to dissipate in the telehealth workshop, where i'm sure you saw firsthand the opportunities that technology truly can bring to rural america. in your statement to the committee, you mentioned one of your top priorities is securing access to medication services -- to communication services for all people, no matter where they live. i cannot agree more. access to technology is allowing us to remove geography as a constraint, and allows montanans to start and grow world-class companies. we still have a lot of work to do, a lot of issues to overcome's to connect our unserved communities. the ffc plays a big role in that. the medications act tasks the fcc with providing services to rural consumers that are comparable to services in urban areas. some areas of the country are about to get 5g ser

fisher was seeing his estranged wife. i think hands and reused and we have more details about the son coming in, mr. barnes's son coming in and breaking up the fight. greg: there is the third. the playoffs, the mets are finished and they will be in los angeles, they are very right now facing off with the dodgers. okay, what is going on? rosanna: a big dinner i was involved with. lime disease awareness. gigi is the blonde, that is their mom, that is their son. the daughter, they were all there. to support lime awareness. it was an amazing -- me? rosanna: she didn't but what a nice young lady she is. she made a beautiful speech about her mom, started crying how difficult it was to see her mom been written for a few d written for a few years with lyme disease. jonas was there. greg: what is the claim to fame? rosanna: windier endy also has lime disease. i thought i should get tested, i get a little paranoid. it doesn't end bqe you finish the antibiotic course of treatment. greg: meantime we could stay out of the woods. rosanna: you will hear more from people coming that. you don't like that? i invite y

fisher, it is back to neutrality. we are getting perspective from the royal bank of scotland head of microcredit research, alberto gallo, in london. ecb, the acclaimed french economist, mre it clear that are worries of deflation and disinflation. here is janet yellen, more on the yellen banking curve. is where that she has to be on the is to real economy curve? mr. gallo: obviously, the fed does not have the deflation problem. you have a lot of imbalances. the job market is polarized. you have a few people with high paying jobs, a lot of people with low wages. china is deflating the global economy. inember, the fed decision december is adjusting the ecb. if the ecb does a lot, the fed will be constrained. tom: the headline that jon ferro pointed out of negative interest year yieldegative 2- in italy. this is the italian two-year down. to see the negative interest ites we saw the other day, has to spill into a u.s. analysis? mr. gallo: the biggest beneficiary of the deflationary story in china and the spillover to quantitative easing is europe. that is where the central bank will go forward. they have not done much before. we are still long on italy and spain. italy is u

mr. obama has done a pretty darn good job on this economy, i think it is, i trust him to make the right decision. neil: talking about fishert? >> phisher and the president. fischer and the president. on economy. neil: on economy fine. one thing i read into that adam, you help me with this, if housing is not overheating not much of a reason to hike rates that would address something like that. i don't want to put words in mr. fischer's mouth. there is building sentiment what is the rush, this might have given the fed cover what do you think? >> well i agree but he was just looking, commenting on one data point today, neil we've seen heard about so far, housing. that said, the overall fed has been signaling for white a while they do intend to raise rates. were the unemployment rate did not tick up, it did not tick down, which means still near full employment which means -- neil: still should be on the path to hike rates? >> i think they are still on trajectory to hike rates. maybe as ben says maybe it happens next month, maybe not. it will happen you. >> it has to happen. neil: ben, you say it has to happen. look at labor pa

mr. chairman, you and your staff have been terrific. i want to single a couple of them out, if i might. in particular, chris joiner, michael jeffroy, janet fisher and walter weiss. i also want to speak about tom carper who has been working to get this bill passed as much as anyone. he wrote one of the key changes in the managers' package to improve privacy as information moves through the d.h. portal. and he was supported by his chairman, senator johnson. he has been a close partner through the process, and i want to say "thank you." i had also like to thank gabby bapkin and the other members of senator carper's staff. i want to also say that we had incredible support from our committee, a committee of 15, eight republicans, seven democrats. i want to thank senator collins, who was particularly concerned about the critical infrastructure of this country. senator mikulski, whitehouse, king, warner, heinrich, blunt, nelson, and coats, and i know they'll help us push this bill forward as we go to conference with the house. i'm looking for the list of my staff. oh, my staff. i'll get down to my staff, who's been with me particularly david granis, o