are we overoptimistic? pessimistic? china is doing fine.p to a newing stage of development and adjustment. this could be called a transition. -- a transition period. china should move away from the former paradigm to a new system, instead of putting money into fixed asset investments. export of promoting which are not of the high-end kind of things. i think china should do a lot of things to deal with the challenges after 35 years of faster growth. yearng down to 6.9% last is not that bad. if in 2016, china's economy could achieve 6.5%, it might still be very good people could -- we should keep in mind when percentage of growth in today's asna is not the same thing 30 years ago. francine: we worry about market volatility. out of china, and we worry about something bigger. because of leveraged, we -- because of leverage, we worry about a debt crisis. jin: the volatility is due to a couple of matters. he chinese on market is still in the nascent. -- is still in the nascent period. we need to have better educated investors. we need a deeper eq

the fed is criticized for being overoptimistic. there are being pessimistic on the jobs front.ket volatility where it .s, a lot is riding on it the fed decision to raise rates come will people even do more second-guessing about what it was. if it is good, i think people say, it is not that bad. betty: despite the sentiment being poor, we are still creating jobs. wages are the big question. why haven't we seen them move? >> economists are looking for a year over year gain. that would be the highest number since 2009. the last few months of last year, there started to be an .ptick if we do get a strong number, we might be looking at something that looks like a breakout. that would give people a confidence we are at full employment and the inflation targets, once oil -- >> thank you. so good to see you. coming up in the next hour as they close the markets for us. much more is ahead. the close of trading is on its way. something liket 5% this week so far. over 900 points have been lost on the dow. we are down 2% now. ♪ betty: what a day in the markets so far. we are 10 minutes away

he did qualify that two years might be overoptimistic. >> the only person you're putting at risk if youide to do that is yourself. it comes as the company is now restricting autopilot away from residential streets. so you can only use autopilot in a road with a center median and certain other qualifications because there are questions about whether this technology is advanced enough to actually put others in danger or whether it's something that's safe to use. >> the beauty is the autopilot. >> i didn't mean to say the autopilot. the software update. just the fact your car is like your phone. i guess your wifi at home is good enough. i'm kidding. the fact that cars can be updated with software features this way without having to take them into the deal, it is certainly the future, it is amazing. >> the problem with elan musk is you don't know what to believe. half the time he says crazy things he's actually able to achieve. the other half of the time, he makes overly rosy predictions about how quickly he can do something. and it's a bit of a strategy. so when he writes in a press releas

the fed has been wildly overoptimistic about rates and where they will be in the last several years.ss you agree with larry. steve: on some things. stephanie: speaking of the fed policy meetingnt out later today. we will preview that next right here. ♪ wants: activist investor major changes at yahoo!. in a letter to the directors, star board asked for changes in yahoo! passes leadership strategy and execution. they lost all confidence in yahoo!'s management and board. marissa mayer has been under has not because she been able to turn yahoo! around so far. according to people with knowledge of a deal, there is a deal that would value legendary entertainment close to $4 billion. ago wanda acquired amc. , one of rate is 4.4% the lowest rates in more than a decade. demand for older apartments in the suburbs is keeping bank rates down. minutes do from the federal reserve passes historic december policy meeting come out today at 2:00 p.m. eastern. mike mckee joins us now. what are you looking for? the number one point you are looking out for in those minutes? mike: the fed forecast implies