pouches. >>> as soon as word spread the president trump was considering federal reserve critics steven moore some pretty harsh criticism started coming in, among those questioning moore's economic chops moore has debated many times live on cnn "the washington post" columnist and cnn political commentator katherine rample. she has written three opinion pieces just this week on why she thinks moore is unfit for the job. here is steven moore and katherine rample going at it. this is back in december over something referred to as the vocal rule. >> do you know what the voekcal rule was? you know how he killed inflation. every time commodity prices went up, he raised interest rates -- >> that's not what the vocal rule was. >> that's what he did. -- >> google the vocal rule, people. that's not what it is. the. >> the rule right now is we're out of time. >> katherine is with me now and the vocal rule is something that actually has to do with these two reasons why you're saying he could be getting the job and why you say they're flatout false so what are they? >> yeah. so moore was reportedly offere

president trump, sarah, is expected to nominate campaign adviser is steven moore for a seat on federalon for their nomination for a member, a key member of the federal reserve. why? because the fed is a sacred institution. it is famously independent. this is not like nominating a government agency position. steven moore, there's a lot of questions about whether the fed can stay interpret or whether it's going to be a trump loyalist servant in terms of policy. here's what he told "the new york times." he said do the president and i think a lot alike on a lot of things? absolutely. that's one of the reasons he picked me 0 to be on the fed because we share a lot of the same economic philosophy. he does say i don't think anybody can say i am a sick cofant for trump because i'm not. that is one of the key questions. he wrote a book called "trump nom micks." this is the first time we have seen president trump someone from the fed. he's made other fed picks before that is more of a politico type, known for some of his views on fiscal economics and doesn't have the monetary policy background s

president trump says he's nominating steven moore to the fed board. with him in just an hour. all that and plenty more to come. >> and we have some breaking news on the budget. monthly budget, the u.s. posting the largest monthly budget deficit on record in the month of february. the budget gap widening to $234 billion for the month. that's compared with a fiscal gap of $215 billion a year earlier. this comes as you have falling corporate and individual tax revenue. but increased spending at the same time. same story, different month. but it continues. >> year to date, more than half a trillion. >> big numbers. there's also some big numbers when you look at the declines. relative to what we had been seeing, you're looking at a 1.6% drop in the s&p and dow. we're no longer at our session los but clearly global slowdown concerns are rearing their head again. >> we haven't had this sort of selloff since the beginning of january, when you're looking at the old country. to me it was really europe that catalyzed the risk fear that went on today. this risk t

we'll talk to steven moore next. hey mercedes, how about letting your hair down a little?bout a car for people who don't play golf? hey mercedes! mix it up a little. how about something for a guy who doesn't want a corner office? hey mercedes, i don't even own a tie. do you think i need a mahogany dashboard? hey mercedes, can you make it a little cooler in here? [ a-class ] i am setting the temperature [ a-class ] to 68 degrees. we hear you. we made a car that does, too. the all-new a-class. all-new thinking starting at $32,500. so, recently my son's band was signed by a record label. while we're on the road, i can keep my parents in the loop with the whole facetime thing. i created a rockstar. (both laughing) (announcer) the best network is even better when you share it. buy the latest iphone and get iphone 10r on us. (woman) too late for lunch.o minutes. starkist saves the day. sweet and spicy tuna in a pouch! smart choice, charlie. (charlie) no drain, no pain. just tear, eat... and go! try all of my tuna, salmon and chicken pouches. >>> the department of housing and urb

back to you. >> josh, thank you up next, president trump presumed nominee for fed governor steven mooreut interest rates by half a percentage int. up next, a debate on whether he is a good choice for the job >>> welcome back another alert on pvh kate has the numbers. >> owns tommy hilfiger, calvin klein. $1.84 adjusted estimates of $1.76. revenues $2.4 billion compared to the street's estimate for $2.40 billion. the company also upping its current fiscal year outlook from $10.30 to $10.40 compared to about $10.31 they also called out strength in tommy hilfiger in particular and calvin klein but said some of that was offset by weaker trends in the company's heritage businesses that's what they sell at outlet and discounted retailers also a little more color on tommy hilfiger and the strength in that brand up five percent and 16%, both of those numbers far surpassing expectation the stock is up 7% right now back to you. >> thank you so much for that. don't miss jim cramer's interview with ceo manny chirico tonight on "mad money" at 6:00 p busy show, as always, coming up there. >> steven m

. >>> and president trump said today that he plans to nominate economist steven moore to fill one of the two o vacancithe federal reserve's board. moore is currently a visiting fellow at the heritage foundation. he also served as an economic advisor to mr. trump during the 2016 presicantial aign. he is a defender of tax cuts and has been crical of policy moves made by fed chair jerome powell, just as he president has. >>> time to take a look at some of today's upgrades and downgrades. best buy was upgraded to outperform from perform. the an roois cites improved sales and earnings power. despite the heupgrade, stock fell a fraction to $70.11. >>> chipotle was upgraded to neutral from underperform at webb bush securities. the anast cites channel checks hat suggest a more than 6% increase insame-store sales in the first quarter. the price target is $640 which is below today's closing price of $671.46. >>> lululemon was downgraded to neutral from outperform also at webb bush securities. the analy cited a tougher economic environment for retail and the potential for lower margining as a r

concern about global growth as well as trump's nominee for the federal board, steven moore, saying theed should cut interest rates immediately. he thinks the fed should cut rates saying that the fed is sucking the oxygen out of the economy, and it's created an economically debilitating deflation, deflation shrinks the economy. the fed should reverse its disastrous rate hikes, writes steve moore. joining me now, rick reider: great to see you. >> thanks, maria. maria: i was trying to really make the case and explain to our audience how significant your portfolio is at 2 trillion in a firm that has almost clash 6 trillion in -- $6 trillion in assets under management. you watch this stuff really closely and come up with recommendations. what was your opinion of what steve moore said? >> i don't think we need to cut interest rates, but was also against last year that they didn't need to keep raising rates. we're at or about the neutral rate, and one of the things that has happened when you started to see thing it is like housing, auto sales bend down, they're intra-sensitive parts of the ec

. >>> steven moore may be elected to the federal reserve board. was also a previous contributor here at cnn. >>> the president is defending his attacks on the late senator john mccain despite requests from mccain's family to please stop. he said he would gladly avoid the topic, and the president says, and this is not true, that he keeps talking about it because reporters keep asking him. >> i didn't bring up john mccain until you asked me a question about john mccain. i could say no comment, but that's not me. you shouldn't bring it up. fake news every once in a while. >> it's not fake news. you just told me why you have an issue with him. >> i have a very serious issue. he handed something to the fbi on me. >> the fact is the president tweeted saturday about this after seeing some report probably on that network, and then the president brought it up at a rally at a tank factory in michigan. there was no reporter close to the president, he just brought it up. i took that as the president wants to stop talking about it. that that was the president

steven moore to the federal reserve and just last hour they are withdrawaling a traditional action is on north korea. but all of those have not changed the mood. let's start with jeff bennet. it seemed like the president is trying to keep the news cycle business on a friday afternoon. what is going on. >> it seems he is trying to flood the zone with distractions, but i asked president trump this morning i said do you expect the mueller report to be transmitted to the attorney general today and he said i have no idea. so president so this long politic tire is a waiting game still. they are staffed like the white house thinks something might happen. he also travelled with the white house council that could mean something or nothing. we'll have to see how the day plays out, but the president if you take into affect his public comments, he is trying to have it best way. on the other hand he is trying to under cut the investigation, trying to paint it as a ridiculous pursuit, trying to paint robert mueller as the leader of a soft coup triying t rise up against him. first with foxx news and

scarlet: president trump announcing plans earlier today to nominate former campaign advisor steven mooreo the federal reserve's board of governor. mr. moore is also a senior fellow at the heritage foundation and co-author of "trumponomics." michael: he suggested that chairman jay powell be fired and the rest of the federal reserve should be let go for monetary policy incompetence. you called the fed "the swamp in washington." are you going to be able to work with these people? mr. moore: you know, that was probably written in a time of anger. i think everyone would now acknowledge that what they did in december with the rate increase was a very substantial mistake, and the fed has, thank god, reversed that and changed directions with respect to the rate increases. so, look, no. i have never actually met chairman powell. i look forward to working with him. i know he wants high growth. he can be a hero if we get our monetary policy right. at the same time, we have these very strong, you know, pro-growth measures on the fiscal side of the equation. so you know, i don't want to be disruptor,

always shining, when we come back, federal reserve in focus, president trump expected nominee steven moore favor of central bank cutting rates at this point. we will get into that. colorado's governor unveiling new state logo but it's his look that's gone viral. we will be right back. termites. we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home. maria: welcome back headlines across america this morning, las vegas review journal says that giving nevada a raise, minimum wage $12 is possible by 2024, proposed legislation raising minimum wage to $12 an hour for workers not offered health insurance, $11 for those who are, increase will be gradual, 75 cents a year beginning in 2020. did you know empire reporting alaska moose hunter can have craft, national park service wrong to ban from using hovercraft, the panel decided that the agency does not have agency over that stretch of land. denver postthis morning governor unveils new colorado logo with tree and the sea from state flag, better reflects colorado and will not cost taxpayers any more money

ten-year treasury yield falling today and hitting a new 14-month low after expected fed board nominee steven moorerate cuts bob, does the drop continue in the ten-year yield >> in the short term, i don't think so i think we're a little out over our skis people forget we were close to 2% as recently as the middle of 2016 so it's not out of the realm of possibility, but i think we've got a little parabollic for yields the auctions went well in germany from a demand perspective. that's going to slow down. i see a pullback around 2.42 on the 10-year and probably a move lower in yields. >> the data from china not helping. antho anthony, what levels are you watching >> i've got 2.32 and 2.25 below that when you have negative yields in most of europe right now that the 2.35% looks very attractive to investors so i would continue to think that this yield is going to slide. >> all right anthony and bob, thank you for more futures now, check out futuresnow.cnbc.com. alime po" "hftrertwill return after this short break this is my headquarters. this is where i trade and manage my portfolio. since i added futu

it might have been offsetting steven moore's comments who said the fed should lower rates by 50 basiscertainly mr. moore got way out making a suggestion like that for an immediate rate cut. so maybe they are trying to alter expectations >> i own jpmorgan. if you tell me wells fargo is selling at a 10% to 15% discount on book value and a yield appreciably above 30 or treasury, all right. i'll stick around. i'll see if this company can fix itself that's not the case. buy back is not high enough. discount is non-existent berkshire hathaway owns almost all of the float and everyone knows it's not ever going to get cheaper unless hesells and he keeps telling people he's not going to >>> one big investor enjoying the big come back in stock market during the first quarter is bill ackman his fund pershing square is off to its best performance. we'll showyou the ten stocks that have made up the great performance. look at them right now fannie and freddie up 50%. chipotle up 63%. restaurant brands 25 adp 21 united tech 20 lowe's and hilton and starbucks, all of those names have beaten the s&p.

inverted yield curve, which bores the heck out of people, i'm going to -- i used to interview steven mooree been at cnbc as long as we have, it is inevitable you would have encounted mr. moore at some point. >> he's calling for a 50 basis point reduction. what would you do if he got his way? they would have nothing to say, just be blathered, mindless blather, because moore would have reduced -- >> would make the minutes more interesting, i guess i don't know >> he's very good. poised >> didn't work out that well in kansas, that whole plan. >> no. you remember when we used to be worried about the chinese owning our treasurys? >> yes >> that was another canard no one cared. >> no. >> just didn't matter. >> it didn't seem to matter. they would talk about the chinese -- and then just crush us never realizing, of course in doing so they would crush themselves too if they sold everything at once they keep coming down anyway. >> they have a good basis. i continue to believe we speak way too much about what the, we speak way too much i do think that we spend way too much time talking about treasur

steven moore to the federal reserve and just last hour they are withdrawaling a traditional action is

trump's steven moore said the central bank should cut interest rates.omments to the "new york times", moore add thad he does not see himself as a fan for trump or i adove on monetary policy big changes coming to the big board. dow will replace dow dupont on the dow jones industrial average. that change will take effect on april 2nd. a bit of a who's on first situation. >> say that again three times fast dow ink replaced dow dupont on the dow jones industrial average. zoo perfect. we got it. we'll see you in a few minutes thank you. >> thanks, brian >>> here's how your investments are looking. stocks gaining a little steam. no big gains on the futures. a lot of the global recession fears are still there, but you kind of have this fed put. one of trump's nominees stechk moore calling for an imminent rate cut you have the fed sort of thing under the market, which, by the way, look at the bond market the benchmark ten-year is back at 2.38% you remember about a year ago a lot of folks on this network saying we're going to see yields of three if not 3.5% the

now around 2.38% and comments from steven moore is sparking treasury moves he said the fed should cut rates by half a point. joining us to talk b about that, steve liesman and rick santelli. good to have you both here steve, well, actually sh, rick, i'm going to ask you this first. the bond market was reacting to the steve moore interview? >> it depends on how wide a definition of reacting you want to get traders down here really for the last week and a half have been quite trigger sensitive. so i can't tell you somebody did or didn't. you may be more aggressive of a buyer, but i think to attribute anything much more than that to those comments, i would find kind of crazy. >> steve, are people acting as if he's likely to be on the fed board and therefore have a voice in actually pushing for a rate cut? >> i think people are thinking about the possibility of it. i don't know how much it's priced in. i agree with rick. there's so much going on in terms of global rates, global economic issues. that it's hard to pick any one thing. it did seem that this announcement of this appointment wa

the president announced his plans to nominate steven moore stephen moore. moore says he is unfamiliar with monetary policy making. >> i'm kind of new to this game frankly, so i'm going to be on a steep learning curve myself about how the fed operates, you how the federal reserve makes its decisions. and this is a real exciting opportunity for me. so it is hard for me to say what even my role will be there assuming i get confirmed. >> moore's nomination has raised concerns given his previous comments about the fed. he has called it a swamp and the close relationship with the president, the fed is supposed to be an independent body. there are currently two vacancies on the seven member fed board. the president is are considering former pizza executive and republican presidential candidate herman cain for the second open seat. the nominations would have to be confirmed by the senate. >> so we have a former coal lobbyist running the epa and someone not familiar with fed po policy on the board of governors? >> some people think that he was being self-deprecating

the nomination of steven moore to the fed board. now the nomination hasn't been submitted officially yet but lovers of "new day" note you and steven have occasionally debated. >> very spirited. >> what do you make of the nomination? >> how much time do we have? look i think it's totally reasonable -- steve is a nice guy, amiable, whatever. i have no personal objections to him being, you know, being alive. whatever. being on tv. being a political pundit, a spin master for president trump. he does not have the skills to be on the fed. this is one of the most important economic position in the world and he can wreak a lot of damage to the fed because first of all he doesn't understand if prices are going up or down like if you're setting in rates. and he chronically fabricates stuff in our debates on tv and i think would politicalize the fed. >> you'll continue your reporting? >> he's welcome to spar with me on tv if he wants but i don't think he should be setting interest rates. >> okay, great to see all of you. up next, we have a bran

let's talk more about this with steven moore. former trump campaign economic advisor and distinguished fellow. -- former chairman of the kouns with economic advisor rsz under president obama. i want to give a chance to both of you to react. first stephen moore. 20,000 and i know there are other circumstances as allison explained there. does this give you any concern of a slowing economy. >> yeah it does. economy is slowing a little bit. no question about it. we have 4% growth in the summer and slowed to about 2.5% and now to a little less than 2%. so there is good news and bad news here. the bad news is this is way below the number of jobs we expected. the good news is, if you are a worker out there. allison put it very well. it is an extremely tight labor market. there are a lot of opportunities out there. i think wuch of the reasons jim we got this low number because literally employers are running out of workers to hire. one other quick statistic. there is a measure of unemployment that includes people that could be working or

if you're traveling from tracy, you will steven moore delays, upwards of two hours overall going throughrt in effect. we had an overturned vehicle that shut down westbound 80 connector over to the north 101 as you commute into san francisco. it is still closed. there is sand they have to clean up in the roadway. that will take a few minutes. we are seeing delays coming up the bay bridge this morning. you might want to use mass transit. ace does commute out of the central valley. that might be a good choice for those avoiding the altamont pass. bart is on time. that is a good choice coming out of the east bay into san francisco. caltrain and muni are also checking in with good times this morning. the metering lights are on that the bay bridge. we have a reports of a crash westbound just before the toll plaza blocking the number 13 lane. it looks like they managed to move it over to the shoulder. the damage is already done. all approaches are back will be on the and mays at this point. >>> it is dry today but it will rain tomorrow. >> today is just the start of the changes you can see. the

that would be steven moore, including from some republican very prominent economists like greg mankiwis there any chance it's not going to get confirmed in the senate >> there is a chance president trump put up two picks last year that did not get confirmed by the senate. that was marvin goodfriend, an economist who had a track record that was dubious in terms of his predictions and what they were the outcome. and nelly yang he had four other picks that were confirmed you look at the picks too date that were confirmed. those were all probably the businessman side of the trump. the populist pick like a marvin goodfriend, now with steven moore, those are now in question i look at the vast majority of his picks and s and say those picks much more down the middle, something that the federal reserve absolutely has a history of doing i'm not willing to say he's in or out just yet. i just look at the senate and they have had some discretion as it relates to his picks to the fed board of governors so far. >> ed mills, thank you >> thank you >>> still ahead here on the "closing bell," lyft dri

here to discuss katherine and steven moore. good evening to both of you.uchin said about releasing trump's tax returns. here it is. >> i'm happy to accept it. if i have a request, which i presume from what i've read in the press i will receive, i will consult with the legal department within treasury, and i will follow the law. >> do you think democrats are really going to see trump's tax returns? >> well, look, they should. the american public should at this point. trump has defied basely a half century of norms about the president releasing his tax returns. i think we have to assume he doesn't want us to see something quite badly, and maybe that something is that he's not paying very much in taxes or he's committing tax fraud or bank fraud, overstating the actual income he has coming in. that would be embarrassing, possibly criminal. i think what we actually want to know is who does he owe money to and who is he getting money from? that's what the american public needs to know at this point because you have to remember, like, this is guy who banks would

. >> "out front" now, columnist at "the washington post" and steven moore, informal white house advisereve, he loves the socialist line. he thinks it's working for him. >> well, look, i don't think that there is anything unusual about trump saying that there was a socialist danger in the united states, because there is. you got polls that show half of kids who graduate from college now think that socialism is spearioer to free market capitalism. you got a number of democratic candidates who embrace some elements of socialist policies. you got bernie sanders, who is one of the front runners, who refuses to, you know, condemn the leadership in venezuela, who's praised socialism and the tragedy of cubans, so i don't think trump is stretching here when he says that there is a real risk of socialism invading the united states. >> so, on that point, what the president is trying to seize on is have people think about are some of the comments coming out of the democratic roster. right? no question about it? comments like perhaps these. >> we will make public colleges and universities tuition fr

today he appoints steven moore to the fed he has been a trump supporter. helped architect, if i can use that as a verb, his tax proposal along with larry kudlow and others what to you think? >> you know, a lot of times we worry about the quantity and cost of money when it come ts to the federal reserve and worry about the cost of the board and if they're sufficiently skilled and i know they will get angry with me for saying this. i do not think he should be sitting on the board of the federal reserve. >> because >> i don't think he is a great economist and a point of view that may not blend well with others at the fed. >> is there a value as having somebody more of a rouser there to shake up the consensus? >> that's not the way one would hope yes, if they have, i think, the types of credentials that prove they have been right for the right reasons over time. i don't think that stephen necessarily meets those criteria >> gentlemen, thank you very much have a good weekend. >>> may all your brackets be number one >> i'm not even playing. >>> apple couldn't ho

your thoughts on steven moore at the federal reserve? >> i think it's a good choice.have to look very differently at monetary policy because traditional tools are more or less spent the next time we have a recession, and we need people like moore who are willing to think outside the box. charles: but bloomberg says he's the wrong person, he's not a trained academic economist and that his advocacy in supply side economics is not shared by any, any academic economist out there. >> i'm a professor emeritus at the university of maryland. i'm still in the catalog. i taught monetary policy, monetary theory, international finance, so forth. he is qualified. charles: what about the notion this is a form of interference, that by putting in an operative that somehow president trump is extending his criticism of the fed and now putting someone in the midst of the fed who could not only maybe sway opinion, but also intimidate? >> well, the fed historically has been in favor of a light hand when it comes to regulation. mr. obama sent over nominees that were in favor of very heavy-

liesman to talk about the fed and the presumed appointment of steven moore who has called for a halfoint cut in interest rates. we'll look at that, and it will be a lively debate, i can promise. >> he's saying we should undo the last two rate hikes. >> yeah. >> and people say is that one of the reasons bond yields continue to plunge worldwide? >> worldwide and worries about the economy. we'll also explore the stocks versus bonds conundrum today yields coming down stocks coming down, which they have been doing for the past few days but for most of this year, stocks have been going up and yields have been falling down. we'll take a look at that and more on "power lunch." >> tyler, see you then >>> here's what's ahead on "the exchange." >> coming up -- home builders are giving buyers hope a shift to a casual corner office giving lulu a boost >>> is a mattress in a box worth a billion dollars? >>> and luxury has a new home. the airport. it's all ahead in "rapid fire. >>> women's amateur golf let's catch you up golf is not one of them. but it's time for rapid fire here with their takes ar

and steven moore, author of trump nomices. i don't need to explain who is what side. with you. the bloomberg said the big miss is a shock and the dawn of a long forecast slowdown. >> well, i think one month doesn't mean anything. they get revised all the time it's a lot of noise but i lack at the trend. trump has had 26 monthly record carts. average gain 199,000 jobs. the last 26 months of obama. average gain, 215,000 jobs. there's been no acceleration. there is no trump boom. the only thing that's happening is the business cycle is getting older and and we're near the end. in other words, we're month 116. the record is 119 in the 19990s when it was a better economic environment. we are heading for a recession. and we have had policies that are upside down in terms of where we should be going. trump inherited a $70 oh billion deficit for this year. that's bad ten years into a recovery. >> yes. >> he added $500 billion for the tax cut, $80 billion for defense. 60 billion in domestic. all the disaster aid that wasn't financed. so we're going to borrow 1.2 trillion this

. >> sunday on american history tv steven moore talks about the mportance of american diver bombers in the fight against japan between august of 1942 and february of 1943. here is a preview. guadalcanal for was the beginning of the ends the island.nese on as we celebrate today it didn't immediately. there were they are few months before the japanese did their withdrawal. a major victory for the u.s. as far as the first the island offensive in pacific war. dive bombers and cactus air played a huge rule. the months prior to november quadrons had participated in two carrier battles off guadalcanal and made attacks on war ships. from carriers and henderson field. the dive bomber pilot i mentioned reflected on what they helping to turn the tide at guadalcanal. was not the y turning point, nor did we have over the japanese after midway. superiority e air until november of 1942. agree, midway was a huge victory but this was a turner at guadalcanal. >> learn more about the u.s. in the battle of guadalcanal this sunday at 1:00 p.m. eastern on american history tv. > next on american history tv i

firing powell and putting in mr. 50 cent cut, whatever, steven moore. >> powell would say he doesn'tn have the power, the president, to remove him >> have you met him? hi, my name is cut taxes. >> you talked about the high multiple stocks yesterday getting a bit of a -- >> a tussle. >> yeah. what have you got today? >> they kind of did it they kind of got their wink and nod. but yes, i do think in the add workday is the key to this market that's the one that they sell first. don't ask why. it's a high multiple stock they sell workday and service now. those are your keys for this market, david. >> those have been extraordinarily strong stocks, as you say. >> lyft is so exciting so's the gdp, so's the ten, so's the twos german tenure, david i could talk all day about the german tenure. >> i wish you would. >> it requires no work and it's fun. >> i find myself at night hoping you'll spend time on the german tenure. >> it requires no work, which is what i love, as opposed to getting up at 3:30 to study. who was the new spokesperson for lululemon? >> i do not know. >> nick foles, for heav

yes, he has to tune out the white house and the political noise and the potential nomination of steven mooreling for a cut, but as mike referenced earlier, the market is starting to price in a cut in line with those views. that's something powell does pay attention to >> yeah. i do think powell runs the risk that if they were to suddenly ease 50 basis points immediately especially, they might as well move their offices into the west wing their independence and credibility would be out the window i think they'll be patient and look for data that is softer than 2% number or if the inflation data -- we've seen a decline in the pc to below the target fsh target f that starts to plummet and get down to 1.5%, you would see them trying to be saw shcaus and not risk the economy growing to 2%, rather than because they're responding to significant weakness that they see. >> and what we have obviously, just to tie it together, we have a patient fed that is insisting on being dependent on the data, an inpatient white house that wants to make sure that growth stays fired up those two things are probably

where you have to go to 12% interest rates to do it so again on the kudlow side the problem with steven moorecism of him about his taxes and about one political hack, it is his belief that there's a better way that the fed does it. the fed way is flawed but he believes in tying it to commodities i believe and that would have raised rates and if you remember there was a commodities boom in 08 after the real estate market started to collapse where oil was at 150, you'd have to raise short-term rates by that philosophy in a time where the fed correctly if not too late lowered rates so much, that would have caused a depression of epic proportion so that is the worst philosophy. neil: we don't know that for sure, but could i step back and just get the mueller imprint on all of this? i did notice obviously the market ended the quarter on a high note and i think it was a strong quarter the best for the s&p in a decade and this notion of the success that we'll get into a little bit later initial public offerings look favorable i did notice when we got word that barr was going to release what he could

documents filed in court said the government won a judgment against steven moore for unpaid taxes. wife says they can settle the dispute as quickly as possible. it isn't their attempt to defraud the government but was a mistake in the reduction of al moany and childcare payments. powering more than 2700 journalists. this is bloomberg. anna? anna: thank you, annabelle. let's get more on the china story she was bringing us. our correspondent is tracking the latest for us. what exactly is said about the economy today at the forum? drawing a distinction, we've seen the international economy nd domestic chinese economy. >> that's very clear, they came out and said there were clear challenges in regards to the global outlook and markets are concerned, he pointed to that. as you rightly say, domestically the economy was showing signs of stabilization with a result he said of the targeted stimulus measures the policymakers have put in place, underlying those tax cuts and social security cuts. he also said the debt or deficit target, i should say, would be around 3% but they would help fund

wall street journal" reports that president trump has offered a post at the federal reserve to steven moorectly the headline i just got. you just read it. interesting, steve moore was a friend of this show, we have had him on, he's a well-known economist. he founded the club for growth back in 1999. he was a part of the trump campaign. i think this is an interesting tidbit that he was actually offered a spot at the fed. stuart: he was the guy on this program frequently when we were talking about upcoming tax cuts, he was saying you'll get 4% growth, 5% growth. ashley: i remember that very well. stuart: now we have had president trump this morning actually saying we would have had 4% growth if it wasn't for the federal reserve. now he talks about maybe put stephen moore in the fed. interesting. >>> the big day, not quite the low of the day at the moment. ashley: we were down 300 just a few minutes ago. we have had a very disappointing manufacturing number, 21-month low. we had a decent, okay housing number but we also heard early in the day that europe is really starting to go backwards. ger

steven spielberg is resurrecting the amazing stories franchise. jennifer aniston and oprah mack are among the big names joining the streaming service. >>> mandy moore is the latest star to join the hollywood walk of fame. >> if i have learned anything, you must be grateful for where you have been in order to keep moving forward. >> reporter: she currently stars as rebecca pearson in the nbc drama, "this is us". that is your eye on entertainment. chris martinez, cbs news, los the game, i guarantee they got home late. we will tell you why. how many >>> one thing is guaranteed every year this time of year, the sanford women making the sweet 16. they try to make it 12 last night with byu standing in their way. byu brought out a secret weapon was steve young. the first half was close tied at 29. they hit the jump shot and stanford had the halftime lead. the cardinals went on a 16-0 run. they win 72-63 advancing to the sweet 16 for the 12th state year. >> there was a show at the all american don't contest. haley jones, who is also going to stanford, on the final she gets the second one and believe he became the second woman to ever win the contest and sh

from wisconsin, miss moore, she represents a congressional district roughly five square miles in milwaukee. my rural western wisconsin district is little over four hours from stevens point down to the border of illinois. and i'm going to have to be able to go home and convince my farmers and convince my families living in rural communities that whatever revenue source we come up with is going to be fair and it's going to make sense to them. and i would submit that all this talk about maybe transitioning to other revenue sources and that, we're only going to get one kick at this can for quite some time. look how long it's taken us just to tee up this hearing. and so if we're going to move forward on something, this is something we have to lock into, with the exception it's going to be with us for a very long time. and that's why i'm concerned about how committed you all are on the user fee model. and whether we're on a collision course with technology and whether it's going to make sense for that low-income family in my rural western wisconsin district on a fixed income -- having to drive great distances, who cannot afford the electric or hybrid vehicle, and who fe