he deserves>> tesidenso annou he is nomi one now working with mike pompeo and others at the state department. >> the former fox news anchor will replace nikki haley. >>> let's take you live to wall street where stocks are steeped in decline once again. the dow is down about 582 points. >>> opec agreed to cut oil production after u.s. gas prices reached their lowest level of the year. the national average for a gallon of gas is $2.44.is in a state. opec is still negotiating with russia to cut its output in a bid to boost pres. >>> new at noon world war ii veterans, u.s. and allied service members are gathering to commemorate pearl harbor day in hawaii. today marks 77 years since the attack on the naval air base . more than 2000 americans died in those bombings. >>> taking some of the guesswork out of breast cancer and how a new blood test could help patients learn when there co-disease will come back. >>> plus who is up for this year's grammys? the nominations were just announced and we will tell you who is leading the pack. >>> we are catching a break from the rain and we are tracking our ne

charles: nomi, the rates are not high, why is trump upset.the speed which these are hiked. potentially four hikes this year, three hikes last year, one after he was elected. that is a lot of rate hikes after we went almost a decade without any. is there some valid points he is making here? >> he is making the point from the standpoint of credit the market got used to having cheap money. even though we had the rate hikes last couple years, starting december 2015, slowing down december 2016 last year, three this year so far, his point the market kind of needs to know that liquidity is going to be there, maybe you can take the foot off the gas of hiking. and i think the fed is possibly going to not hike next week. i don't necessarily think -- charles: really? >> i know i'm alone on this, but i think the fed is actually more data driven than they have indicated. in the last week 1/2 there has been a lot of conversation from former fed chair janet yellen, from powell, from other people within the fed saying you know what? there is issues. this glo

con una gran quimica y la movida fue increible, colo colorido el mensaje >> asi es, llevas varias nomi si a simpatico y de pronto te encu encuentras un grupo de zumba qu estaba escuchando y bailando. te cachamos >> daba la clase y pasando y e llegaba. me meti a un bar con l ellos. ellos no esperaban eso o con la gente de zumba ha creido en mis canciones. ademas de p a pasarla bien son cancines que te motivan y te dan energi.a. >> ademas trae siempre fiestas. y las navidades como las pasa s pasaras? >> trabajando mucho y creo que hoy me voy de cvvacaciones. es manager, mi coach, asistente. todo >> me voy de vacaiconciones y qr que sepa que la amo y arranco el aÑo el 3 de enero estare en s santa cruz en un concierto. dia de mucha energia y el album nu g nuevo con muchas sorpresas >> te quedas con nosotros y a ahora vamos a ponernos al dia o con mas comentario >> era bailand >>e stastabas con todo >> bueno, mi gente. vamos a ver lo que esta mas trending en las redes sociales. >> bueno, les cuento que la c i camiseta urbana teb ote obote eo a este espectacular video. >> musica. >> musica >

this is from nomi prins of tom dispatch if you really want to grasp what's been happening consider that between two thousand and nine and twenty seventeen the number of billionaires whose combined wealth was greater than that of the world's poorest fifty percent fell from three hundred eighty to just eight and in the us it's even worse it's three three doods so do we have inequality we have more inequality than what bron james is high school basketball team all right. no no one is really passing the rock to poor danny live shits. with the rockets the rock. trough brags about how low the unemployment numbers are and they are indeed low however those numbers are filled with people who have stopped searching for work and people who have jobs remember when wal-mart would cost having a canned food drive for their own employees. if you work at wal mart and you can't afford thanksgiving dinner that doesn't mean we should all donate cans it means walmart socks. a really. amazon probably would have a food drive for their warehouse employees except those workers aren't allowed to stop to eat soli

this is from nomi prins of tom dispatch if you really want to grasp what's been happening consider that between two thousand and nine and twenty seventeen the number of billionaires whose combined wealth was greater than that of the world's poorest fifty percent fell from three hundred eighty to just eight and in the us it's even worse it's three three dude so do we have inequality we have more inequality than the bron james is high school basketball team all right. no no one is really passing the rock to poor danny live shits.

this is for nomi prins of tom despair.

. >> but eight years earlier tiring a failed run for the republican nomi. >> a voodoo economic policy. >>r. bush gaves the term voodoo economics believing the math behind reagan's proposed supply side i had tax cuts didn't add up. still he s two terms at reagan's vice president. and while change again in 1988 he defended the tax cuts wh a promise. >> read my lips. no new taxes. >> the reagan tax cs did leave president bush with growing budget deficits. and so in 1990 he famously his promise, signing a tax increase that some economists believe contributed to a recession. and even though it ended in 1991 it still helped bill clinton win the992 presidential race, depriving mr. bush of a second term. higher taxes and that recesomon ed conservatives to revolt and caused a lasting divide that the gop still copies with today. bush alsos faced a banking crisis. r badeal estate loans put savings a loans out of business. and the bush treasury department, including a younger jerome powell tightened regulations. those fixes and spending cuts aimed at reducing defends, while unpopular for many are

for decades now as you see like it's lower highs it's going lower and lower so you know we talk to nomi prins and she points out in her book collusion that the central banks activities in the united states have been joined together with the european central bank famously they went from hawks you know from the old bundesbank that was really worried about what the conditions were pretty world war two where they wanted to hyperinflation they were very hawkish have been for years but they too under mario draggy have been massively printing money along with the federal reserve bank of course the kuroda over there in bank of japan is the most profit of them all and you put this all together the bank of england also money printing you have the global central bank globalist central bank just all this money printing but if it comes to an end then is should finally then you're going to have a day of reckoning and that could be upon us and again you have said for years that you can't taper a ponzi and this is this the me me here a little attempt for them to do so to try to normalize rates to try t

there‘s also a women‘s award for the first time, and amongst the nominess is chelsea‘s fran kirby.nce and to be in a room full of some amazing, amazing footballers, male and female. to be included in that group of players was really, really special and something i am never, ever going to ta ke something i am never, ever going to take lightly. i‘m more excited about being in paris in general than thinking about winning tonight, but anything can happen. you don‘t know how it has gone so i am not preparing for anything, if i am com pletely preparing for anything, if i am completely honest. we saw plenty of drama and emotion running high in the big premier league derbies yesterday, and now the fa have charged arsenal and tottenham with failing to control their players in the north london derby. the incident in question was this melee, following eric dier‘s equaliser for tottenham in the 32nd minute. spurs players and some of the arsenal substitutes got involved. they have until thursday evening to respond to the charges. jurgen klopp has got the same deadline to respond to the charge o

news abouthe nomy, news about the whether chairman powell, his job is secure in washington as chairmanthe federal reserve, trade ten with china. small news, news that's important, but doesn't seem to justify the big swings we've seen in the stock market, but the news cause selling andra computerizedding. today we get positive news turning into a big increase in the stock market largely driveny omputerized trading. computerized trading tends to take small delines, turns them into big declines, and advances, and creates a lot of volatility in the markets. >> seems like what we were talking about earlier last week, month, about what was driving the market down, cooling global economy, trade wars, thoc haven'anged. >> no. that's why we led to the conclusion that the declines before christmas overstate changes in the fundamentals.n so mentals haven't changed a lot. the outlook for the economy and earnings is the same, trade tension tweens the u.s. and china haven't changed much. the same thing true when we have a move to the upside as we saw today. things have not changed. an imptant thing

if we get to $50 and a chinese --nomy is weak and nonentity nonenergy commodity prices are declining,ern. if the rest of the global economy is doing relatively well and we have an increase in supply and oil prices go lower, cyclicals could catch a bid after having a very rough year in 2018. alix: he will be sticking with us. tune in later today for "commodities edge." hopefully we will be breaking down some kind of announcement from the delegates in vienna. adp mrs. estimates -- adp missed estimates. october the -- was revised slightly. there was a little bit of a safe haven play in the dollar earlier. dxy now lower. david: time for the bottom line or we look at three companies we are watching. held a big caring is being and the district of columbia -- a big hearing is being held this morning. a judge saying to please reinstate our challenge in the acquisition of time warner. they are saying, look, we told you prices would go up and that there would be blackouts, and it is happening. at the appellate level, you do not get to revisit the facts. law. just the even if some facts have com

we're just not seeing the signs rolling nomy that is over into recession yet.orate spreads have widened, but remember that they had they ed to a point where were almost at a record level earlier this year. widening up back out to normal. ou can be out at that 300, 350 and you would still be -- widening out in the face of 800 or on would be like 1,000 basis points widening, seeing that.t credit markets begin to break down and not work when you're to go in a y recession. we're not seeing that either. irms have access to funding at really reasonable level, reasonable pricing. sort ofcott, is there a psychological dimension for this as well? mentioning, too, these things tend to feed on themselves, this bull market is very, very old. there is a feeling we're past peak earnings and now yield inversion. there is a risk of a self-fulfilling prophesy in all of this? there can be, but generally, paul, stock prices ill follow earnings over the long term. now in the short term, if you're a mutual fund manager and you redemptions because the market dropped 800 points today

wants to be in terms of --nomies, there are planning the planning and their economies or lack thereofare lines in the sand that make it hard, even though the incentives are there for china to want to get beyond that area that is why you saw some of the coup by jacob in out of the g20, but the dissonance between the ayan -- between -- that kumby coming out of the g20, but the business between china and the u.s. is causing concerns about -- caroline: the huawei hearings are still proceeding. an element ofded concern to the market. i want to look at the united kingdom, because we have a vote potentially on december 11 when it comes to brexit. we might see the vote pushed back. how self-contained is the brexit issue or how many tentacles, as you say, does this have going into the rest of the global economy? diane: we know that the corrosive effects of uncertainty toll on the u.k. economy. we have seen investment move out of london and some investment firms hedge their bets, not knowing what is going to happen. there are some talks about whether the vote ales or getting pushed off, maybe a