chairman powell: over the past year, the economy has been growing at a strong pace. the unemployment rate has been near record lows and inflation has been low and stable. all of those things remain true today. since the september meeting, some cross current have emerged. i'll explain how my colleagues are incorporating about the outlook and the appropriate course of policy. since september, the u.s. economy has continuesed to perform well roughly in line with our expectations. the economy has been adding jobs at a pace that will bring the unemployment rate down overtime. wages have moved up for workers across a wide range of occupations, a welcomed development. inflation has remained low and stable and ending the year a bit more subdued than some expected. although some american families continue to struggle and longer economic problems remain, the strong economy is benefiting many americans. despite this robust economic backdrop and our expectation for healthy growth we may see some softening relative to what we were expecting a few months ago. economies around the

growth has been strong, job growth has been strong inflations move close to our 2% goal in the contextthose economic developments, having our rate hike decision was fully justified and completely made sense. nothing to do with outside commentary, whether we should or should not do that i assure you at the federal reserve we get a lot of opinions expressed from a lot of different groups about what we should be doing and we hear those opinions but honestly we're focused on how to best achieve our goal. >> would you prefer the president not be making comments on the fed and what it ought to do with interest rates >> i won't opine who should or should not speak about this because to me it's -- we're so focused on doing our jobs and doing what we think is best for the american people. >> you're in a very special position here at the new york federal reserve because one of the things you do is monitor markets and you have this critical markets desk there. walk me through how you react when you see things like the dow plunging 500 points in the wake of the federal reserve raising interest rat

over the past year, the economy has been growing at a strong pace. the unemployment rate has been near record lows and inflation has been low and stable. all of those things remain true today. since the september meeting, some cross current have emerged. good afternoon, everyone. over the past year, the economy has been growing at a strong pace. the unemployment rate has been near record lows and inflation has been low and stable. all of those things remain true today. since the september meeting, some cross current have emerged. i'll explain how my colleagues on incorporating things and the outlook for the pro pick course of policy. since september, the u.s. economy has been adding jobs. wages have moved up for workers across a wide range of occupations, a welcome development. inflation has remained low and stable and is ending the year a bit morsi subdued than most had expected. although some american families and community continue to struggle, and some longer-term economic problems remain, the strong economy is benefiting many americans. despite

we feel good about the economy predictions are slow underneath that is a strong growth rate we feel strongbout. unemployment, wage growth, all of the factors are strong, including small business enthusiasm >> you were in buenos aires last week was it better or worse than you hoped for in terms of a trade truce? >> i think expectation was building as i was there that you would hear announcement that the two largest economies in the world will work it out at the end of the day, you know there's a trade debate going on, argument about what's right. large economies ought to be resip pr reciprocal ought to be able to be competitive, see who wins. that's the debate that's going on how you do that, it is a lot of work you see ebbs and flows that's on people's minds the belief was you would hear a calming down, and last few days heard both sides of that that was the main theme in terms of global was trade and impacts of trade war on the economies, even though it might be a couple of economies involved. >> is that the biggest risk to 2019 or interest rates what level rate hike would you be fine wit

strong. indicators positive. another strong report today.are coming off the sugar high on tax cuts, which are not sustainable with the budget situation and the extra spending. the economy is returning close to trend growth. it will be difficult to adjust. alix: the uptick in claims over the last few weeks, how do you understand that? >> they are still low by historical standards. the adp jobs report was strong yesterday. alix: markets did not like that. >> it missed by a small amount. the market is jittery and will struggle to find direction with the report today. if we get a strong report, that will put to rest immediate recession fears, which are premature anyway, and at the same time, a strong number, the market may be concerned the fed will be on a path for three hikes next year. alix: if you put money to work, how do you deal with that? where should you be investing? >> i worry for u.s. equities going forward. equitiesties and globally, i like emerging asia. it may be just a weaker dollar we need. you need up quality for credit. for me,

to get back above 60 will require something fairly strong.talk about fundamentals, we have to talk about the federal reserve. come over to this chart. i want to talk in my terminal here, gtv , about the goals and stocks and relationship to the federal reserve and rate hikes. we have the rate hikes. in decemberted back of 2015, making their first move. we are now looking for our ninth this cycle. walk me through how this is timing together. mike: the line in the middle is the key, the average price for gold and the s&p 500 since the tightening started. that is a key level. gold is almost near there now. it will probably breakthrough. you see the s&p 500 going, too. look in the far right at the top. this line is supposed to be tightening. this is supposed to jump higher. the stock market is telling us, we probably don't need that hike, and if we do hike and the stock market continues low, it is probably going to be the last. taylor: quickly, what is this white line? there is a white line and two bars on the right. what are those levels? mik

you remain strong she won't be seen how strong those should be seen as we did this one didn't see strong both together and therefore i would i would not be. so decided she has announced she will not run again that is an important step. to announce that i think she is a good turns and we will we will be agreeing in my party that we will not that we would do what we can to avoid brezhnev lame duck and therefore we would see what will happen it's not to some already calling her a lame duck the succession battle has begun as of course in any and it's going to be bloody after thirty years it will be bloody. i think most most competitors will survive. it will not be so bloody who are going to be the top candidates we will see i don't know i will not give i'm going to give an answer to you that's not my point it's not my role in politics to give in on the insults because to this very day to be very very from your point of view isn't the worst aspect of these elections the recently elections that the far right the now has seats in all sixteen regional parliaments and is the only other party apar

>> so first i which is reiterate that the economy is strong. we are actually in the vicinity of both of our dual mandate objectives we've . we've had a strong year and i anticipate growth next year will be solid. with regard to the monetary policy framework, obviously as we look out over the longer term, conditions have changed. it appears that the overall long run neutral right around the world has fallen somewhat relative to what it had average historically, that just naturally raises questions about, if you see the same frequency shock and same sort of shocks that we've seen historically, roughly speaking, it means that they can't with the experiencing more frequent and potentially more protracted effective lower bound episodes. what we saw in the last crisis is we have good toolkit. women also incorporate forward guidance and asset purchases, and my own anticipation would be that we would deploy the full toolkit and it continues to be effective going forward. but as you know there is, you probably know, we're going to spend some time as the

you know, he had strong opinions, strong views about how things should be done.rward and honest and people knew what they were taking on andi people knew what they were taking on and i think that inspire trust and affection in him. it was a very long career that he had. he started as leader of the liberal democrats effectively being the first leader of this new party, this merged party between the liberals and social democrats. a difficultjob at the time? it was difficult indeed. i think he described it, we were at that point and make * in the opinion polls and we didn't count —— we were an* polls and we didn't count —— we were an *. we progressed through by—elections, growing influence, and we had a very successful period in the late 90s when all of his hard work and leadership produced good results. i think actually you have to go back before his leadership of the party. he served an example about how politics is done. he started from virtually nothing in yeoville, where he was unemployed for a while, doing interesting jobs in the local community. a youth worke

only strong here. it is not strong in many other countries. china is having a lot of problems. germany. connell: which they talked about. they talked about the global slowdown. >> if they do one and be done, wall street would be comfortable with that, if they keep doing quarter points there will be problems. connell: looks like they will slow down a little bit next year. the point everybody is making they could be more explicit hey, we're done for now. we did not get that. >> absolutely. to the point of quantitative tightening shrinking of the balance sheet, there is built-in tightening. for every $50 billion of shrinkage of the fed's balance sheet, this is what the president tweeted about yesterday, every four months we get equivalent of another rate hike flowing into this economy. slowing the economy. people have to be cognizant. whispers on the street, trading desks they would cut quantitative tightening in half, cut 50 billion to 25 billion. markets were hoping for a christmas surprise from the fed. they didn't get it. connell: they didn't get it right, kristina? >> to the

if he so sure how strong the economy is, i'm also secure the economy is quite strong and i'm sure therere very few signs of inflation. there is no rush in world of zero or close to negative interest rates, there is no rush for the fed to be too far out ahead of other central banks. charles: draghi said i'm keeping qe in the tool box. that was before last night, another wave of negative news and weak economic data in china. all eyes next week on the federal eserve. the q&a afterward, should be explosive. >> fed's powell is making volatility great again. the fed raises rates until they break something. october 3rd we're far away from neutral, sumwer we saw homebuilders roll over, real estate, things tied to interest rate sensitive sectors, rolling over until october 3rd when he saying far away from neutral. six weeks later we're close to neutral and here we are. charles: everyone agrees jay powell made a huge mistake. he maybe spoke off-the-cuff, rookie mistake, maybe. seems like he regrets that moment. he tried to walk it back in a way, not embarrassing. so we'll see. but, tim, to that p

but with the murder of very strong message. but with the murderofa very strong message.the murder of a journalist... very strong message. but with the murder of a journalist. .. which he denies anything to do with. the line has been accepted by trump and it shows in some respects the powerlessness of power. the united states condemned the murder but nothing much has happened. in britain, we were going to be really, really tough and the foreign secretary said, don't do this again, will you? this is not a coordinated, strategic response to this. it raises questions vividly. but not much has followed in practice. the problem with the middle east is it is dependent or has been on american leadership but it also highlights the problem. trump is going to withdraw from the middle east. the syria thing is typical, let's put america first in foreign policy. the border wall with mexico means more because it tells you about the mental perception of the outside world, that the outside world is hostile... he would rather redeploy the 2000 troops in syria on the border with mexico. th

and nike a closed $72.37, up 7%, very strong. >>> following the u.s. dieting a pair of chinese nationals for hacking american businesses, and engaging in economic espionage, china has fired back. strongly. eunice yoon has the reaction out of beijing. >> reporter: beijing came out rainging to fight the u.s. charges of cor espionage. the foreign ministry issued a statement saying the u.s. has made up facts and createdoise. and argued the cheyennes government has never participat or supported anyone in any way in corporate bertheft. the ministry counteredered the u.s. s largele cyberspying is open secret and china would never accept theat accusions. beijing sharper view comes after the u.s. justice department alleged that two chinese nationals conducted a global campaign o cybertheft against the u.s. and its allies. u.s.he prosecutors say t two are linked to the chinese government targeting 45 american t h companies, the u.s. military and agencies like nasa. sources told reuters the hackers used ibm and hp enterprise services to reach clients. they said t

message even if it's not binding a really strong message with some very very strong rip us language coming from the senators of both sides of the aisle a strong message to president trump in the white house will he listen sure so this is something that is very difficult for. any president to be in this is a position really between the morality of the united states and the realities of what the problems are currently in the middle east namely the threat and the violence of iran knowing that any type of destabilizing activity for example calling for regime change in the king of saudi arabia could lead to significant destabilisation which of course this is something that we are saying that is exactly when the senators though sorry to interrupt you chris but the senate is a not calling for regime change they seem to be making a clear distinction between the royal family and the existing thora he is in saudi arabia and the crown prince udo they accuse of having having carried out nefarious acts in the region which are not a tool stabilizing they are very destabilizing in fact i mean that

though it's not as strong as the seen it in the past couple of months we see a strong labor market we see strong consumer spending and therefore this rate increase and obviously wall street does not to happy with the decision right now and we know that the u.s. president donald trump he has broken with tradition here and he's openly opposed the fed policy that including the increase of any rates what's he going to make of what happened today well we can just wait for his next tweet and clearly he won't be too happy and maybe that the federal reserve keeps increasing interest rates might be one reason so just to give the impression that they're not backing down from the criticism of a u.s. president donald trump the main point is not so much that we saw an interest rate increase today but the federal reserve did hint at the two more rate increases next year and there we can argue if that was expected or not but i guess that is the main reason why wall street fell quite a bit before the rate decision got out blue chips were up by almost three hundred points now we just went into negativ

certainly relatively strong and even strong period i don't see a sign of recession.hen you have these exogenous things the uncertainty of trade for the president to say he'd be pleased to shut down the government these things aren't helpful. so people are cautious again, i think the fact that the market has fallen as much as it has is getting it to a floor i think you'll see more optimism in the market and more optimism as we get the numbers for christmas. which i think are going to be strong i think it's going to be one of the best christmases we've ever had. that's going to get some momentmoment momentum for the start of the year. >> we thank you, appreciate it >> thank you >>> all right. we're just a few minutes away from chairman powell's press conference following that rate hike the markets losing their gains following that decision. the dow briefly turned negative, we're positive by 80 the nasdaq is negative by .10%. the small caps barely positive we have nafil thoughts from our panel next as we await to hear from the fed chair himself we're back right after th

when people say how are they doing now, the jobs market is strong, wages are strong, they feel good about they are when you then start to say zooido you think things get better in six months, they say no, they're not going to get better because they're so good now. i think we're on a plateau economically and i think things are not expected to get a lot better, but not expected to get worse from here as well. >> david, do you agree with that in terms of where we are economically now in the u.s. >> not really. the stock market has been so erratic in the last couple of weeks. people say because the fed raised interest rates a quarter point. show me a ceo that says people don't want to buy the product. i don't think that's what's happening. i think what's happening is for the first time since world war ii, independence of the fed was called into question you have a treasury section that has to makeup a quote or tweet by the president to reassure markets the fed will remain independent, that's destabilizing, especially when we have a political environment where monitoring fiscal policy is used

by friday, strong wind, gay 01’ particularly by friday, strong wind, gay or all severe gales are possiblei'm sharanjit leyl in singapore. the headlines: a stark warning about climate change. as a key un summit opens, experts say the threat posed by rising temperatures has never been worse. destruction in so many places, and suffering, a lot is offering derived from the consequences of climate change. —— a lot of suffering. a ceasefire in the trade war between the us and china. donald trump and xijinping put punishing tariffs on hold — for now. i'm kasia madera in london. also in the programme: after some of the worst riots in paris for decades, president macron‘s government promises tough action against anyone who resorted to violence.

we are tracking a strong cold front that will bring increasing rain and strong winds. so hi-def doppler radar we've got it going for you this afternoon. and tracking some heavy rain up across the north bay right now. that's just the tail end of that cold front. and it will push across the rest of the we go through the afternoon and for this evening. so here's hi-def doppler radar and zooming in to the north bay you can see getting that heavy rain from againville down through santa rosa and rohnert park and dylan beach. moderate to heavy rainfall. some light rain down through mill valley and sausalito. over the golden gate. the richmond-san rafael bridge getting that wet weather and then heading across the san francisco right over chinatown, you can see that light rain there. as we head to the east bay, from burk lee down through -- berkeley down through oakland and alameda. getting the wet weather this afternoon. down across the peninsula, belmont as well as woodside and portola valley and palo alto and los altos you can see the light rain this afternoon. this is a liv

be strong, do your best, try hard, forgive, stay the course. and that was and is the most american of creeds. abraham lincoln and george h.w. bush thousands points of light our companion versus in america's national hymn. both called on us to choose the right over the convenient, the hope rather than the fear, and to heed not are worse impulses but our best instinct. in his work, he had the most wonderful of allies and barbara, his wife of 72 years -- 73 years. he called her barb, and when it called for it, the enforcer. he was the only boy she ever kissed. her children always wanted to throw up when they heard that. [laughter] in a letter to barbara and the war, young george w. bush said i love you with all my heart and to know you love me means my life. how lucky our children will be to have a mother like you. as they will tell you, they surely were. as vice president, bush once visited a children's leukemia ward. in krakow. 35 years before he and barbara had lost a daughter, robin to the disease. in krakow, a young boy wanted to meet the ame

low single digit in europe, and this strong u.s. earnings should go into next year, and kind of positioning, so you're obviously missing a good catalyst to grow and perform. >> would you do that as a relative value play, rather than an outright play on europe then? >> absolutely. we close two weeks ago we think it is a -- we are not adding risk. but we think positioning is already very varied. >> very consensual to be underweight europe, but you in your own forecast are above consensus, 5% higher, excuse me, you are below consensus, so consensus has to come down for 2019 we saw some of the earnings revision turn negative in q3 with more to come on the negative side, why should investors be investing in a time when we see a further derating. >> i think the earnings story will be very challenging for the market indeed. i believe that a lot of negativity on earnings and a lot of investors we speak to expect earnings to be revised on. we significant ratings, you see to some extent, the earnings are expected by the market we think they w

you've got a strong record of economic performance in colorado, strong job growth.e pitch there? what's the la nation as to why -- explanation as to why colorado has farewell in the haas six, seven years? >> when i first came in eight years agoing we were definitely struggling -- 40th in job creation, as you mentioned -- we asked each county what's your vision of your future? you know, 20 years, 40 years from now what kind of businesses, what kind of jobs do you want in your community? and we've brought all that together into one, we called it the bottom-up economic development plan with the colorado blueprint, and we heard the same thing all over. people want less red tape and bureaucracy, they want a state that is pro-business but with the highest environmental standards, the highest ethical standards, but they want it to be a place where small business and entrepreneurs are celebrated. but that -- >> sorry to interrupt, but that doesn't sound like a very, if i may say so, a message that may work well with the democratic party, less red tape, that means less regul

the flipside, we have strong gdp numbers coming out.hey will probably come down a little bit, but they are still strong. we have a tight labor market and the consumer has been strong. mastercard came out and said the best retail sales for christmas in six years. fundamentals are not driving the down move but more technicals and sentiment. taylor: so if it is not fundamentals and we are still positive, where is this market selloff providing opportunities for you to get in? victoria: when we looked, we came back after christmas. there was a lot of superlatives being thrown around earlier in the week. christmas eve, the worst christmas eve we had seen three of the day after christmas, the largest move that we saw on the dow. and we the opportunity took a little bit off the table with some of our names. we sold ulta that had a good run and butthead -- but had given bad guidance going forward. just because a stock is cheap does not mean it is a good value. we were looking for stocks that had a good value and actually added to our out of that

really strong. i can't remember a year where there was such good economic numbers that created an and ended the year with incredible pessimism about the next one. >> and language mattered muchs more tear than it has in the past. it seems as though investors were parsing the fed statements much mor they used to. >> i think that's right. t and i thiy're especiallily, sue, parsing the words of the new fedir cn. it's well to remember jay powell mo has bee a governor for a lot of years only took over at the chairmanmanship in 2018 in october he stumbled and made a mistake i think. he said we areay long from neutral. this was jay powell trying to talk to the lay audience, not financial markets. and markets pretty much freaked out about that when he said a long way from neutral. he had to come back a month later with his vice chairman as well and say no, ono, we are just below the broad range of neutral rates. and that kind of calmed the markets down. llt as happened last week the idea the fed s wants to r

the most who directed the lobster and it's got three incredibly strong women emma stone rachel weiszolivia colman and it's a real i don't bizarre love triangle set in eighteenth century england so it's a period movie and i hate period movies usually but this turns the whole concept of the pier in the movie on its head and olivia colman is the real standout here i mean she steals the show as the apparently frail queen and who is actually a lot tougher than she looks. of things i'm not sure that that we can break the many only there korman was a real discovery for me and she's my pick to win the oscar next year i think it's my favorite movie in two thousand and eighteen. which i can't get out of the head. when completely against the me to trend it's called the house that jack built from last from tria a director who often pushes the limits of art and sometimes of good taste matt dillon stars as jack a brutal sorority killer is often hard to watch but this isn't a horror movie last frontier uses the joys of a serial killer film to talk about the destruction and the brutality of the crea

. >>> i would be strong. >> i would be strong.here is much to suffer. >> he made some big decisions. and it was not easy. but it was not me, me, me. he did it because he was brave and he had the strength to do it. >> let me tell you, george bush took some real shots, many of them totally uncalled for, and all of that to those of us who knew him as the most decent man that i've ever known in or out of politics know that he was strong. he was herculean the way he handled things. >> strong. >> strong. >> strong. >> he left me this wonderful note in the desk in the oval office telling me not to get discouraged when times got tough and telling me that in the end the only thing i would remember when it was over is whether i did what i thought was best for the country. >> the 1990 budget deal was probably one of the most difficult moments in the presidency of george bush. >> the deficit was so high that the president was reminded of it every day because it was given as a reason why we weren't getting a recovery in the recession. and the

financials got really strong tech stocks got strong in the 90s. you have that away from those names and not just stay with the runners. they are going to falter now we are starting to see problems with the ceos, questions of trade i think those are work at home the entire u.s. equity market and not just the big flames. balance our portfolio into small caps >> thanks for joining us today on what has been a very tur turbulent market day >> and she was behead bid henry xiii >> thank you for clearing that up >> a little history right there. >>> speaking at a wall street journal event earlier this afternoon. he gave us his take on the market action. here is what he had to say >> i think the market is now in a wait and see the market is trying to figure out is there going to be a real deal at the end of 90 days or not. and i will tell you there are very very specific issues that the president agreed on but now have to be dealt with on specific wording for the first time china agreed to a specific time frame, specific deliverables and penalties if they d

germany was strong. spain was strong.see strength in all the core markets largely across europe. again i understand the uncertainty of talking about in the economy, there has been a little pressure in the economy in germany and some other places. but it has yet to come through in the real estate market. part of the reason is there just is not much vacancy over there. and again, the tech economy, like the case in the u.s., is driving occupancy and not much new space being built. vonnie: i want to come back on something you said. a lot of volume out there. what is cbre itself looking to buy? we have a real estate investment management business in a real estate development business. our focus is largely on the investment management business and properties were we think we can add value. we can do something to take a property, lease it up, change the property a little. we continue to see opportunities around the world. we are nine years into an economic expansion so some of the bigger opportunities that we saw a early on are

and the domestic side is strong. uthe greatertainty is tariffs because they could turn the story upside down if in 90 days times the tariffs on chines imports to 25% as the administration threatens tn we have a more serious slowdown. absolutely chaotic. my guesss is t a big bluff and we'll pull back from the brink and extend that negotiating period further. i don't think china or the u.s. really want to go down the rabbit hole of huge tariffs on everything. it's just too dangerous. th economies are suffering. but equally if we take away the threat both economies do better. >> if he we eye see a slowdown here, peter which sectors lead theslowdown? >> i think capital spending is at risk because of the uncertainty with respect to tariffs. and the growth slowdown we see overseas. i think another k thing is is, do?t coast the stock market the consumer has been the driving force. we are an asset depend economy. ifck the s market goes through the turbulence if this continues that could affect consumer spending behavior. we

this is a moderately strong storm by december standards. heavy rain at times, isolated thunderstorms, wind. but what's unusual are breakers probably above 40 feet arriving on the coast. there's a view of it on the satellite view. 40-foot wave heights offshore. as it approaches the coast, the bands you of red and purple especially out by pillar point late tomorrow could see wave heights of 30 to 40 feet. some localized coastal flooding could happen there especially in some of those entryways out to the beaches. you want to stay away from the coast with that high surf warning in effect. coming up the timeline and our full forecast in 15 minutes. >>> what's expects to be dangerous surf and big waves have prompted the national weather service to issue a high surf warning from sunday through monday. chris christy smith is in ocean beach where the warning was put out to steer clear of that beach zplrchl. >> reporter: the city is trying to make it very clear what's expected as these waves move in with signs like this one. people have heard the war

friends, to build a strong national defense and military commence or ate with the china international standing and consistent with the security and development interests and deliver national prosperity and a military strength at the same time is a strategic mission in china's socialist modernization. we will comprehensively follow through on the party's goal of building a strong military in the new era, uphold absolute party leadership over the armed forces, adapt to the trend of a new military revolution, follow the path of building a strong military with chinese characteristics and a comprehensively deepened national defense and military reform. we must continue to enhance the political loyalty of the armed forces and strengthen them through technology and around them with accordance with law we must build the people's forces into world class forces that can fight and maintain excellent combat as to firmly safeguard china's sovereignty and security and development interests and ensure the great reuniversitienation of the chinese chinese [ applause ] >> the great addition of one coun

chairman powell: we have a strong forecast generally for next year. that forecast involves growth between 2% and 2.5% and involves growth at a strong enough level to continue driving unemployment down and inflation near 2%. so that's a pretty positive forecast. so to make further moves, i will be looking at data that suggests that is, in fact the path we are , on. once you are broadly speaking in the range of neutral, i think it's appropriate to be putting aside individual estimates of that and be looking at what is -- what the incoming data are telling you about the outlook, updating your estimates of what neutral might be or the natural rate of employment might be in the state of the economy and letting that lead you to adjusting your outlook and therefore your appropriate path for policy, that's what we mean when we say we are data dependent. of course, we are always data dependent, but i think it has particular meaning in this context. reporter: hi, mr. chairman. i wanted to ask, first of all, whether you are worried that president trump's tweetin

for a strong and proud people saturday but i did see do i'm fucking our. so that was an exit ramp cut in by let me add join like a correspondent colleague peter craven in the studio to talk about it peter tell us what do we know about it she took this post of body genocide could only describe the way. it was viewed as quite a bit of a surprise because she had prior to that been been the senior minister of the small state of stalin and before that she believed here in this you've been involved in real everyday politics with great success you've actually won an election with the c.d.u. policy in the salon getting over forty percent of the vote which was viewed as quite a considerable achievements of the time when she was brought to berlin to become party secretary general just like an effective sort of political manager of the party she not she was i think what she was there she was clearly being sort of put in position to take up. this about toll from hunger for my grandmother when she finally steps down in three years' time is under the microscope say she'

, strong bipartisan vote

the wind continues to be strong tonight, central parts of scotla nd be strong tonight, central partsstrengthen again. 50, 60, 72 mph glass could lead to sleepless nights for some. 7—9d here, getting colder with a touch of frost and in the morning. and get used to the colderfail the morning. and get used to the colder fail because it will take all of us through sunday afternoon, this is the weather front separating the less cold air with the even cold air, it will push southwards during the first age of monday, opening the door to northerly winds. we will see cloud and a few showers across central and southern england and while, they fade away and showers return to northern ireland and wales later on. he went wintry showers in scotla nd later on. he went wintry showers in scotland but we have plenty of sunshine from most of you through sunday afternoon, temperatures will fall back into single figures for the vast majority. the southern counties of england avoid that. winds tomorrow will be lighter than today's values and with a lighter winds to take us into sunday night it is in your

. >> a strong storm, too. we are dealing with the rain and the wind later on today. it is quiet for the moment, things will be changing for us. let's head outside and show you a live look out there. we are tracking areas of fog and also drizzle. this is a live look, trans america cam, you can see the wet camera due to a little bit of drizzle out there. with that moisture, catching a little bit of that temperatures around 49 concord and santa rosa, 53 land, vedon fr . quiet now, hi-def doppler, again, we are going to see things change quickly with that storm system. it's a strong cold front that will bring the rain and the wind and we have a coastal flood advisory from 10:00 a.m. until 2:00 p.m., due to minor coastal flooding. high tide, plenty of storm. a winter storm warning from 10:00 a.m. to 7:00 p.m. tomorrow. he y peaved travel delays likely, chain controls, the higher peaks up to 2 feet of snow. we will timeitwhat t you can expect when the rain will arrive where you are coming up. >>> if you are headed out, screening trucks, near truckee, chain requirements on

we support the need for strong provisions. as the enterprises continue into their second decade of governor -- government conservatorship, it is more critical than other that we tackle the remaining work of finance reform. housing is a necessity for all americans. it needs a system of financing that is robust. legislative reforms offer the best path to this desired end state. for your thoughtful contributions to this effort into the opportunity to testify. -- >> mr. howard, you are now recognized. to have thisud opportunity to appear here today. thepplaud you for advancing debate on housing finance reform. ofremain a staunch supporter housing finance reform. copperheads of reform must come through congress and focus on finishing the structural flaws that still persist after the great recession. comprehensive legislation is the only way to ensure a stable housing finance system. not guaranteed the taxpayers right now are at a risk of loss due to the failure of underlying mortgage loans. has taken steps to reduce taxpayer risk o