mrs. dudley: then why do you want to be president of the bird watchers club? mrs. elkins: for publicity, mabel. next year, i plan to run for the city council. the more offices i get elected to, the more times i get my name and picture in the paper, the better chance i'll have. mrs. dudley: oh. aren't you the smart one? mrs. elkins: smart enough to fool old timberlake. [laughs] well, we've got the microphone up. let's go. i think i've heard enough. i--i never said that. it must be some fake. yes. he did it. dennis turned on the machine when you were hanging up that microphone. you are caught in your own trap, mrs. elkins. i would suggest, mrs. elkins, that if anyone resigns from the club it should be you. all right. i will. come on, mabel. who needs you and your silly birds? boy, i never expected to make a record like that. as far as i'm concerned, it's tops on the hit parade. i never should have listened to that woman, wilson. you made an honest confession, but she tried to bamboozle me. then you don't want me to resign? of course, not. this lad has made me realize

mr. dudley, the heart might be in the right place, but they looked up in the eyes many times. and the data reflects that goodness. maybe -- but 2015 was not a good year. he says raised four times in 2014, and the market sells off big. so the market is reacted anytime one of the fed governors opens their mouth. >> i grau. >> you're making the sump if they pull back -- >> i think that's a mistake -- we don't normalize the market is going to be lost -- >> let me jump in the midding with a fine thought. >> sure. well, let's put this in the context, the fed's target based on the dual mandate, those number are basically sitting around that they raised rates in 2004. the thing that's different is the economy's growth rate is half of what it was running in 2004. there is no way that they're going to have the same quarter point of meeting or anything close to that sort of pace at raising rates. that's what the fed is finally starting to think. >> how much has that gone up in that time? dollar denominated too as well, right? so there's the quandary. >> that string is unraveling most of

mr. dudley. >> we will continue within the market, and we will continue taking debt for the time being. you see how much the debt ratio of bp is starting to move. a year ago, they were about 16.5% percentage points. now, 21% percentage points. bp has suffered over the last 12 months because of low oil prices. the guidance for first quarter is not pretty whatsoever. lower refining market and also in the short-term, bp thing they do not see any improvement in oil prices. the statement was negative in the guidance is -- we do not see the light at the end of the tunnel. nervousuld we be particularly if you are an income investor. you have got to worry about that -- whether or not you will get paid. >> the big story has been pressure on earnings in the energy commodity space. that leads one to suppose that dividends for the whole market, dividend growth or this year is not a foregone certainty. jonathon: how do you take this one forward? do you sell the stocks now? do you go early? >> there are other areas in the market that yield handsomely. moving outside the energy you will seece, anythin

mr. dudley highlighted last week? this tightening of financial conditions is weighing on the u.s. of the fallen equity markets and the flight to safety, is this something she is concerned about? order she remain up eat as she was in december? that is something we have to get some insight on. jonathan: the market moved to one side, the narrative hasn't change radically. -- changed radically. there, themuch market has turned the volume up on the debate that existed back in december. the ultimate question -- is she more concerned about the international bank dropped versus the labor market? ,ichard: i think the thing is the september statement had a bigger emphasis on these international headwinds. december, less so. we're seeing these things come to the fore. just look at equity chart and that flights to havens. it is plain to see. guy: the market has been a lot of tightening. if you look at what has happened, it has done some of the tightening. what i am seeing here is the equivalent of four fed rate h ikes. think aboute to that effect. richard: absolutely. but the market doing tha

you can look at the michigan survey nationally --survey -- brendan: william dudley prefers the new york fed survey. mrmer: we can look at the new york fed survey. they are all trending higher. we see have this discretion -- discrepancy, and appointed is much higher, but i do not think there is a less-anchored inflation application. brendan: it does kind of sounded like the two of you are a little more sanguine about what the fed is capable of copper should. -- the fed is capable of accomplishing. but i am not an economist, it does seem to me looking at the data is not that bad. they are hitting their goals on employment. ashley, employment has been coming in below their forecast. on the inflation data, it is not oil, andyou strip out the idea that survey measures of inflation are going down, they look at gas when oil is pledging, but is that bad? it is hard to understand why andne would get worried that will cause negative behavior in consumer spending. brendan: this is the great thing about me and joe weisenthal -- we both have to offered a disclaimer that we are not economists, but we have to play o

the current and form are students in dudley found out they set up a gofundme page and put out the word he needs a transplant to putting it on twitter and saying mr. r way. >>i don't know if i should have this much attention for this type of thing because i really don't have anything big or special planned. i just wanted to stay here. >> clearly what he is doing is lives. so far they have raised 15,000 dollars. he teaches history and psychology and has never taken >> very humble man too. >> students go above and beyond for him. >>> lots more coming up in the half-hour. making the streets safe. the new push targeting jaywalkers. >> and the big operation taking >>> right now at 6:30, the search for the driver accused hitting a man and taking off with that man hinging-- hanging on to the hood of the car. the victim is speaking out. >> the first thing you think about is you want to give them what they want so you don't get hurt. >> a local store clerk ignoring his instincts and fighting back against an armed robber. >> and take a live look at fenway park transformed into a winter wonderland. the skiers and snow borders taking flight today. >> from th