now earlier i spoke to host lusha a professor of economics at the frankfurt school of finance and management and i asked him whether the twenty eighteen could indeed kick start to close the economic and fiscal cooperation within the euro zone. i think so i think there's a good chance that this will develop in this direction because we have to see president mccall is very strong has a strong position in europe is also very well recognized in germany and let's see if we get again a great coalition here in germany probably that will be much more open for such kind of a move towards more integration in europe ok but it's obviously not just down to paris to berlin we have nineteen eurozone member states there's talk of a euro zone budget the eurozone finance minister banking union what's the likelihood that all nineteen member states will actually agree of course this is right i mean nineteen members are a good agreement between nineteen members is not so easy however we have to see if you put together to have been informed that we already have of the cheapie of the euro area so do opinion and di

of why the e.c.b. is not going to make a very clear decision as to when to and has been five programs that stefan finance analyst at the frank that school of finance and management thankee. well the meeting of the world trade organization in one insiders has ended in discord a three day summit of world trade ministers failed to solve any of the most pressing issues in light of the lack of progress the director general called on the body to do some quote soul searching no agreement on agricultural reforms no agreement on scrapping subsidies that supports illegal fishing no agreement even on a joint closing statement there was some lip service paid to the importance of the w t o but ultimately for director general roberto azevedo the words help little waste what is disappointing is that this support that's not translate into action if we really all support that that would show if we really do we have to bear in mind that multilateralism doesn't mean that we get what we want it means that we get what is possible it's not comparable to expect multilateralism to work and at the same time expect to walk out with everything you want. speaking

on to by a professor of economics at the frankfurt school of finance and management good to have you with us first of all let's say that chancellor angela merkel will still be in charge next year that we do have a government in place well twenty eighteen actually see the stotts off a common fiscal and economic european union i think so are saying does a good chance that this will develop in this direction because we have to see the president mccall is very strong has a strong position in europe is also very well recognised in germany and let's see if we get again a great coalition here in germany but probably there will be much more open for such kind of a move towards more integration in europe ok but is obviously not just down to paris and to berlin we have nineteen eurozone member states there's talk of a euro zone budget the eurozone finance minister banking union what's the likelihood that all nineteen member states will actually agree of course this is right i mean nineteen members are good agreement between nineteen members is not so easy however we have to see if you put toget

also one of the determinants of why these abuse naude going to make a very clear decision as to when to and it's been five programs. steffen finance analyst at the frankfurt school of finance and management thank you. the austrian and our nicky is insolvent and flights will cease today is a subsidiary the bankrupt german carrier named it was set to be sold off to do tonnes that but the german airlines withdrawn its bid off the e.u. competition authorities cited cartel concerns around one thousand employees are expected to lose their jobs and thousands of passengers might find themselves stranded meanwhile eben's bankruptcy administrators trying to find a new buy finnicky but so far no one else has come forward to operate a thomas cook and british airways own i agee had previously both shown interest. well the meeting of the world trade organization in one his ideas has ended in discord the three day summit of world trade ministers failed to solve any of the most pressing issues during a strong rebuke from chait trade treaty from europe and the us as well as south africa now in light of the lack of progress the w t o's director general called on the body to do so

and go back over there professor of economics at the frankfurt school of finance management horst lotion says it will be tricky to get all nineteen member states agreeing to create a yours a budget finance minister and banking union but he sees it happening because of germany and france has influence on the rest of the bloc. i think it makes sense because we have to see the euro is a kind of equalizers order to countries has to be more comparable and you do need a current over convergence in the economic terms in monetary terms and inflation terms in competitive news and so forth or for that monetary an economic union can make make much sense in the euro area the european union has launched an investigation into ikea's tax arrangements in the netherlands e.u. investigators want to find out if two deals between the furniture giant and dutch authorities give the swedish women a legal advantage over other companies ikea is the latest company to come monday e.u. scrutiny for tax regularities so far the focus has mainly been on u.s. multinationals like apple and stop at its. let's rope in dan

home ownership to discuss that further we're joined now by dr clifford rossi professor of finance at the smith school of business at the university of maryland dr ossie what's your biggest takeaway from this report how significant is that well i think it's actually significant given given that this is some of the best numbers we've seen coming from the any peace index for some time and the idea that their optimism is picking up steam is consistent with that was the view that we need to get more construction activity going on into the building market here in order for it to see some some improvement in terms of the fate for borrowers basically well the current homeownership rate in the u.s. that's at sixty three point nine percent which is obviously below the two thousand and five peak of sixty nine point two percent so is this report reason to believe that we can actually see that rate jump up a little bit. i think it's possible that we could see that i think in addition there with millenniums of have been holding back their their home buying activity ever since the financial crisis so i think. the o

boostsity of chicago school of finance. back in 2017, some of them under the radar, maybe not in the headlines as much. donald trump did eliminate a lot of regulations, but many of them were actually initiated by the obama administration and are very donald trumpinconsequential, te designating the grizzly bear in yellowstone park, how that affects the way people conduct business is questionable. it is clear he has targeted regulation at the agency level, and to the extent that he can do that by executive action, he has been effective. carol: how do you reconcile that with them giving pushback on m&a deals? marty: it boils down to what happens at the agencies. the justice department has a new antitrust chief. the way they conduct business is supposed to be away from political influence. so far, there has not been any real significant pushback on some of these deals. have to wait and see just exactly what kind of policy they adopt. bill toarty, the senate , financialhreshold institution threshold, is that likely to be a highe

home ownership to discuss that further we're joined now by dr clifford rossi professor of finance at the smith school of business at the university of maryland dr ossie what's your biggest takeaway from this report how significant is it.

home ownership to discuss that further we're joined now by dr clifford ross a professor of finance at the smith school of business at the university of maryland dr ossie what's your biggest takeaway from this report how significant is that well i think it's actually significant given given that this is some of the best numbers we've seen telling from the n.a.s. peace index for some time and the idea that there.

home ownership to discuss that further we're joined now by dr clifford ross a professor of finance at the smith school of business at the university of maryland dr asa what's your biggest takeaway from this report how significant is that. well i think it's actually significant given given that this is some of the best numbers we've seen coming from the n.a.s. peace index for some time and the idea that home builder optimism is picking up steam is consistent with the with the view that we need to get more construction activity going on into the home building market here in order for it to see some some.

home ownership to discuss that further were joined now by dr clifford ross a professor of finance at the smith school of business at the university of maryland dr ossie what's your biggest takeaway from this report how significant is that. well i think it's actually significant given given that this is some of the best numbers we've seen coming from the n.a.s. peace index for some time and the idea that home builder optimism is picking up steam is consistent with that was the view that we need to get more construction activity going on into the home building market here in order for it to see some some improvement in terms of the fate for borrowers basically well the current homeownership rate in the u.s. that's at sixty three point nine percent which is obviously below the two thousand and five peak of sixty nine point two percent so is this report reason to believe that we can actually see that rate jammed up a little bit. i think it's possible that we could see that i think in addition there with millenniums of have been holding back their their home buying at.

all street try to spent years in school learning the minute finance ten years of one hundred hour workweeks super excited about your ten percent returns this year me a bit corinna read some books some stakes enjoying nine hundred percent returns this year clearly gloating there and to give you an idea about the scale a big charlie below tweets at two hundred four billion dollars because market cap is higher than ninety six percent of the companies in the s. and p. five hundred only twenty one. so it gives you an idea of the scaled there and also being powered by social media means means inevitable and investors feel vindicated this post by to coney i'm on reddit how people saw me when i talked about bitcoin at the start of the year clearly a crazy person and how people see me when it cost ten k. intelligent and sophisticated i think is the idea that trying to get across the way you can blame them they're very happy and gloating as you mentioned as well but i mean how exactly does bitcoin differ from. other commodities or currencies that are currently traded why is it successful commodities

she's a professor of real estate and finance at the university of pennsylvania's wharton school of business. welcome back, susan, nice to see you again. >> my pleasure. >> let me get you to react a little bit to what professor shiller said in diana olick's piece, because we're located in new jersey, and property taxes are high. and that's regardless of whether you buy a big home or not. they simply are higher than other parts of the country. what did you make of his take on how much the property tax deduction or the loss of that deduction would hurt home values? >> well, let me just generally say, not to differ with my friend bob too much, but i think there are enough rational people out there that all three of these potential changes will affect the housing market and not in a good way. there's no question that at the high end, high property tax states and high priced states will take a hit. >> that would be my impression, living in a high property tax state, such as i do, because it makes the relative ability, the cash flow equation changes. and similarly, when one looks at a mortgage wri

brian: so when i got out of wharton school, undergrad, i was like a finance major, and i said, let's deals. he said, no, move to trenton, new jersey. i never worked in cable. that was one of my later businesses in life. my dad was in his 40's when he started comcast, which is a great lesson for people. if you have not found your thing yet, and you are 40 years old, it is not too late. and many people think it is way too late. and he said, "i will never know this business, one that you -- why don't you learn the job from the bottom." so i moved to trenton and learned the billing system, worked the counters when customers paid their bill, and when the truck delivered the new cable boxes, a brand-new system, get out and everybody role up their sleeves and unloaded into the warehouse. so something just clicked for me, and i had the pleasure of doing all the jobs. i loved the business. i love being around people. i loved being in management at a young age. david: when you are in business with your father, do you call him in front of other people dad, or do you say ralph, or what you do? br

of oakland unified school district got a bit of of a shock. the school district had taken money out of their accounts. >> it has nothing to do with our finances. we have the money to pay our employees and we for the foreseeable future there's no reason why that would be the case. we are certain this had nothing to do with our funding. >> the district admitted it was an hr error. the good news, the process forgetting people's money back to them has begun. >>> new at 6:00 the santa fe business is getting ready for shut its doors for good after feeding customers for almost 3/4 of a century. the santa fe to fu company. that's where we finds lynn ramirez. >> few businesses in the bay area can say they have been continuously run by the same family since the end of world war ii. now the third generation of families that has run this business has finally said it's time to call it quits. >> after working 53 years in his family run shop making to fu. he has earned a little rest but first he and his wife amy will have to survive three more weeks. >> we are sold out. >> no more. >> i'm sold out. >> his grandfather started the business in japan town just a

st try to spend years in school learning the minute finance ten years of one hundred hour work weeks super excited about your ten percent returns this year me a bit read some books some stakes enjoying nine hundred percent returns this year clearly gloating there and to give you an idea about the scale a bit klein charlie below tweets at two hundred four billion dollars because market cap is higher than ninety six percent of the companies in the s. and p. five hundred only twenty one lancia so it gives you an idea of the scaled there and also being powered by social media means means inevitable and investors feel vindicated this post by to coney i'm on reddit how people saw me when i talked about bitcoin at the start of the year clearly a crazy person and how people see me when it cost ten k. intelligent and sophisticated i think is the idea that trying to get across the way you can blame them they're very happy and gloating as you mentioned as well but i mean how exactly does bitcoin differ from. other commodities or currencies that are currently traded why is it successful commodit

of 2018. a similar story is playing out across the country at harvard business school. finance, entrepreneurship, strategy, technology operations, all thinking about, you know, how do we think about the blockchain and the set of questions it raises in our disciplines and the demand from the students i think surpasses that. >> reporter: as students prepare to enter the corporate world, data shows that employers' interest in blockchain experience is rising. global freelancing firm upworks says blockchain was the second fastest growing skill in the third quarter out of 5,000 skills on the platform. in fact upworks saw a 26% jump in billings related to blockchain compared to this time last year. as demand grows, students are launching blockchain clubs to learn, collaborate, and connect with like minded individuals. students are now approaching the critical recruiting season which kicks off in early january. it will serve as a real world indicator as to whether students can land a job that utilizes blockchain technologies. some say this field offers more promise long term than a tra

of 2018. a similar story is playing out across the country at harvard business school. >> colleagues in financetrepreneurship, strategy, technology and operations all thinking about, you know, how do we think about the blockchain and the set of questions it raises in our disciplines and a demand from students. >>> as students prepare to enter the corporate world, data shows that employers' interest in blockchain experience is rising. upward said blockchain was the second largest skill in the quarter over 5,000 classes as demand grows, business school students across the nation are launching blockchain clubs to learn, collaborate and connect with like-minded individuals students are now approaching the critical recruiting season which kicks off in early january it will serve as a real world indicator as to whether students can land a job that utilizes blockchain technologies. some say this field offers more promise long term than a traditional role in finance. >> my immediate goal is to be a blockchain integrator or venture fund investing in blockchain companies. >> i'm looking at the technology

of the massachusetts governor's task force on public integrity. a bipartisan committee that led to landmark registration overhauling the state ethics and campaign finance laws. he is a graduate of cornell law school. he will discuss the following legal ground for impeachment investigation. obstruction of justice and conspiracy with a foreign government to commit crimes against the united states including violations to campaign finance laws. he will also address why impeachment hearings should begin now. our final speaker will be tom. mr. stier is a progressive activist, philanthropist and environmentalist who believes we have a moral responsibility to ensure that all americans have equal access to economic opportunity, education and healthy environment. he is the president and founder of nexgen america which asked politically to prevent climate disaster, criminal prosperity and protect the fundamental rights of every american. earlier this year he started the need to impeach campaign which has garnered more than 3 million signatures on a petition calling for present trumps and impeachment. it's backed by 20 million-dollar ad by which includes two television advertisements and time square billboar

jeremy siegel is joining us, professor of finance at the wharton school. he joined us a month ago and he correctly predicted the dow topping 24,000 by the end of the year. now that we have reached that milestone, what about 25,000? what do you think. how long to get the 25,000? percentsnly a couple away. we could get there. i think we probably will get there, we are very close, but after that i think that the market will struggle for the next year. we have had a superb market this year. we have had the bull market all the way since 2009. i think we are due for a pause. i think we are fully valued. i think the fed will be raising interest rates. i think political winds are drifting that will be more worrisome for the republicans. so i think the market deserves a breather and i think that is what it will get. scarlet: you point out these good reasons, you could say they are applicable right now, but to what extent do you think what we are seeing at the moment is window dressing of some sort? how do year-end adjustments typically look like a when we have a yea

of production and consumption. we live on credit our homes cars schools and government expenditures are financed by borrowing. data has become the engine of our growth the lifeblood of our global economy. it's an economic machine impacting the global economy with more and more date being produced day in and day out. this debt machine has grown to epic proportions and now seems to have spiraled out of control public debt the debt held by governments is soaring. the eurozone is having a much harder time than other economies emerging from the crisis of spiraling debt why and what are the solutions. to debt machine once you're on it very hard to feel like that fifty i must use them to look good on song. but on that let's start over and create a system of credit which would actually be sustainable which wouldn't destroy the planet as the current machine has to a. diminishing up of my desk and that creaks is one of them to me based on duty do tests on come on that do not cross off economy. check any opus paramedics on it to produce a. sick. what would that somebody to say that. then who. is a pow and i deny me. said

who your contacts are the state of your finances us alice all the data are just gathered and stored somewhere the information is integrated to create a profile of high school not a profile is sold and traded on this is proof you can make money out of your one hundred minute you have a leave to go for it and jesus paul feed us for that kind of profile doesn't capture your entire life that i was a person of us last year so what does it do is the profile is rather like forensic filings in the search for a perpetrator list expenses of the night and a profile is generated by ted up. in all the things you click on your life even if you don't actually post or write anything yourself on the internet you'll still be profiled on for example a facebook or twitter. profile in facebook off twitter. this with a half. what are you going to inferences are made about whether you're a good citizen or about run by a good taxpayer credit worthy or not and so on and so forth. and if the information end up in the hands of your employer or health insurer or the state it could mean massive problems for you down the road and took off massive knock to ten dense gates and the trend

the student who obtained the information accused the school of offering scholarships to women, international students and those with financeare resuming at san francisco state university after a power outage at 1:00 yesterday afternoon which was caused by an equipment failure. officials canceled class and other activities. the science building had to be evacuated over concerns of fumes . power was restored at 4:30 in the afternoon. >>> part of the la honda preserve is now open to the public in san mateo. six miles of trail will be opened to hikers from skyline boulevard to la honda. people can access the trail using a gait near sears ranch road. >>> a new study shows what smart phones are doing to your brain. researchers from south korea used brain imaging to study the minds of 19 teenage boys diagnosed with smart phone addictions. they found a connection between cell phone dependency and a lack of neurochemicals affecting the ability to focus. heavy reliance on your smart phone damages your ability to be attentive and increases levels of anxiety and depression. >>> a ruling in southern california could affect the bay area

as part of the curriculum there's no personal finance. if we cut schooludgets, if we cut programs that help america's poorest, specifically kids, we're going to only continue and support a welfare state which is the opposite of what republicans want to do. >>> all right. we'll stay on this topic. as we get more information we'll get it to you. just in, the president's one and only african-american cabinet member spoke out on adversity. this nbc news exclusive is next. president trump's controversial judicial nominees and the consequence that is will last generations. >> to get an idea of the quality of some of these nominees take a look at this from a hearing earlier this week. >> have you ever tried a jury trial? >> i have not. >> civil? >> no. >> criminal? >> no. >> bench? >> no. >> state or federal court? >> i have not. [lance] monica, it is absolute chaos out here! gale force winds, accumulations up to 8 inches... ...don't know if you can hear me, but [monica] what's he doing? [lance] can we get a shot of this cold front, right here. winter has arrive

of the world exists. schools,k at public yes, public schools are failing because they have been choked because the funding to them has been choked. there is stealth privatization of public education because of linear financed. furtherlt is not to advertisements of the poor get trapped in these apartheid the neighborhoods of theirs, these are increasingly balanced schools with kids with michael get to lead, the option is to genuinely fund them and get the money the way there given money and other advanced industrial countries. privatizing is a kind of extortion. public support is on the table so either you stay in the crack houses we are giving you and that is not fair to me. >> think the socialists should be reminded that denmark exists. >> let me answer your observation that the abuses that are going on in the workplace of the united states are something that occurs in poor countries so let's talk about these poor countries. why do they occur in poor countries? poor countries is what victorian england was in the 19th century, the reason you don't see these abuses occurring in europe right now is not because there's something magical about rich countries. in all these countries, their trade unions and poli

of law school, great lawyer. in terms of dealing with personal finance, i don't know he's well prepared as a young lawyer doing mergersas i was as a young phd. by virtue of her childhood and adolescent experiences. very appropriate for parents to help as long as they are not trained relive their lives through their children and undo their mistakes because that's a mistake. stuart: times have changed, peter kiernan. >> they always change. >> i want to come back in my next life as my kid. >> i want to be your kids, too, peter. >> i sense a real opportunity here. 25 years ago you could make it as a high school graduate. you cannot today. the kids have to go to college and many to graduate school and those costs are accelerating fire faster than the rate of inflation and therein lies the essence of debt. stuart: i want to say thank you to peter kiernan and morici. i do have another millennial story for you. more bad spelling their blood just to pay for bills. struggling millennial certain anywhere from 25 to $150 a week doing this. the fda considers it safe to donate plasma twice a week or month at the red cross recommend

burying perspectives on this.the socialists argue that programs of public works, schools, highways, ridges should be built with public financing. middle-class progressives who , it's very complicated in striations in the various political economic forces in era but the progressive movement argues as they have with a variety of reforms that the united states and new york in particular should follow the european movements for social insurance. >> and then in the case of the recession, there shouldbe unemployment insurance . this seems to the powers that be the most outrageous thing they've ever heard of. these people are lazy, they don't want to work . either that or let them market, it will be for everybody's good, particularly ours. then there's the anarchists and the wobblies. the industrial workers of the world. and frank tenenbaum was going to go on to become a columbia university anthropologist. at that point is a busboy working in the hotels. largely unemployed. in march, hundreds strong from one church to another. asking sort of demanding shelter for the night. and food for the hungry. so it's a vast canvas. if you shift

school something means something for france we've also signed the number of commercial agreements reflects the density of economic relations with the industry to finance important contracts. with regards to armament was. faulty. the exploitation operation of the underground metro system into ha. we're talking about twelve billion euros which was signed today and reflects the intensity of our relations and for that i thank you your highness for the talks that we've had since i was elected in may last year and i hope that we can pursue our relations if they happen not of importance on the bilateral level and very structuring internationally and regionally. thank you very much for your welcome thank you. just. for the always i have a question is for his highness about terrorism you've signed an agreement on the fight against terrorism and radicalization. what. is just. what does this agreement mean for you. mr michael after your talks why are you now convinced that. lies. are you reassured today. the. question. is quite committed to fight terrorism and some information here are not proper correct mentioned in some newspapers and we have a certain procedu

maybe you have not been at the london school of economics and taken the course on corporate finance, to legislation and economics. here is the complexity and distinction of the debate. with full expensing of investment, a cut in the corporate profit tax rate has no impact on the incentive to invest. this implies a zero impact on capital intensity of production, a zero impact on real wages. the president does not want to read that, does he? willem: i do not know what a person wants to read, but it is elementary economics. when you can deduct the capital expenditure from the corporate tax case, it changes the corporate tax and does not incentivize your investment. it is already deducted in full. you would get the usual effects collectively of capital deepening and rising if you had partial or no expensing of investment, but that is not where the u.s. is. there is a high degree of expensing and it will be a full expensing world. tom: what you do within your heritage of cambridge, the word important. is all what positive incentives do you clean from the senate and house legend -- gleam fr

that's what they want to do, they kind of want to use coinbase and digital money to reinvent finance. >> they have an vicious schoole an ambitious goal. they want to reinvent the global financial system. what they see in five to 10 years is a world where maybe you don't have to go to a bank to get a loan. you could do it online through a company like theirs using digital currency. there are all the steps they have taken to get there. the first up was creating an exchange and targeting retail investors, the everyday person. the next step is targeting the big wall street money. carol: let's talk about the wall street money. i feel like we get mixed messages from wall street, folks say bitcoin makes no sense, and yet they certainly are spending r&d time and money on bitcoin and its uses. does coinbase need these big financial firms on board? >> it would certainly help. have people like jamie dimon who say we will fire anyone who trades bitcoin. but they cannot really ignore it. all their clients are asking for it. but they have to worry about reputational risk or customer rules. coinbase realizes that and they are off

of the things we do is we go look at skill training programs. to trucking schools to nursing schools and we go and do due diligence of the quality of outcomes and finance the students and provide loans for the students to go and if we get it wrong if it's a high-quality boot camp and is not we will lose money because we're lending to the student so attract the outcomes over time, over the lifetime of the loan to make sure students are getting jobs, income and can track that back pretty granular only to the outcome of specific skill building, so i believe it's aligning incentives and who's paying, whose financing, whose underwriting programs so employers and ultimately the federal government spending a lot of money and higher ed, but it's not really using the data from student while-- loan defaults to say these institutions are doing their job >> i would like to piggyback off of them for a seconds. surgical training platform that is growing into a technical skills -based platform and in terms of current paradigm no longer working her medical education system is sort of loss the goal of its purpose, so you complete four years of medical school and we are

private person is a substantial beneficiary of the benefit of ax exempt finance. >> so originally it was used for public infrastructure, schools, hospitals. mr. barthold: the general exemption under section 103 of the code on state and local government debt is for governmental bonds. o schools, roads, public hospitals, town hall and the like. mrs. black: thank you, i yield ack. mr. brady: you're recognized to question mr. bart hold. -- cornyn: are you aware the of the growth. mr. barthold: that's the baseline on which we base our estimates. mr. cornyn: are you aware since world war ii the u.s. economy has grown roughly an average of 3.2%? mr. barthold: i'm not positive on the 3.2% but it has grown closer to 3%. mr. cornyn: what do you think the effect of the senate bill will be on stimulating growth in the american economy above the 1.9% anemic economic projection by the c.b.o.? bip as required under the concurrent budget resolution, my colleagues prepared a macroeconomic analysis of the bill as reported by the finance committee. that's not -- there were some substantial changes made by amendment on the senate floor but we rep

person is a substantial beneficiary of the benefit of tax-exempt finance. >> originally it was used for public purposes, public infrastructure, schools, hospitals? >> the general exemption under section 103 of the code for interest on state and local government debt is for governmental bonds. schools, roads, public hospitals, townhall, and the like. >> thank you, i yield back. >> senator, you are recognized. >> thank you, mr. chairman. are you aware that the congressional budget office's is that theognition american economy will grow at 1.9% annually over the next 10 year budget window. are you aware of that? >> that is part of the economic baseline against which we base all of our conventional revenue estimates and from which we base our -- >> are you aware that since world war ii the u.s. economy has grown roughly an average of 3.2%? >> i'm not positive on the .2, but it has grown closer to 3%. >> what do you think the effect of the senate bill will be on stimulating growth in the american economy above the 1.9% anemic economic projection by the cbo? >> as required under the concurrent budget resolution, my prepared a macroeconomic