if we think that the market is , thaten for issuers becomes a problem.e saw the first new issue come into the market yesterday. but as we look at investment-grade spreads, there is a lot of debt out there. probably to agree that only think about the fed, we think the market is probably at risk of underpricing them a bit and that could lead to continued volatility for spread product. inwe talk about credit later the program, i want to focus on the idea that the balance sheet matters. what is it about the balance sheet that will matters, is it just a psychological issue or some kind of direct channel that we worry about? >> the fact that we've had so much liquidity chasing few assets. we know that there have been tremendous amounts of issuance but if you look at the aggregate amount of debt outstanding last decade, it was contracting. that's because the fed and other central banks were taking debt out of the market. now, there's less need for that. the other thing that's happening is that front end rates in the u.s. are now compelling for the first time in

they compute that to give you a number with thaten adjustment. >> but how many year what is the payment schedule? my understanding is they were tellingy you this but not when the final bill comes in. >> so just to clarify, this is in the context of a final payment determination this happens once a year at the end of the year the hospital will file the cost report in the agency will use that data along with the medicare fraction and give them a final total for that year so as a payment total for the end of the year than that medicare fraction is used to compute the interim for the next year for the next fraction so all of that is binding however that word iso used that the hospital is stuck with that they're only recourse is to file the administrative appeal or sue in court. here is what the agency's own board said we are bound by the agency's action we lack the legal authority to look behind the policy to adjudicate this their own board said they cannoty do that. >> but they are wrong because they are telling us they do have that right so your complaint is to go to a court to do what th

now we still have a big delay, though, because of this three-vehicle crash thaten ha just a little whiler problem, 123 near the c.i.a.t a repe're getting at this point. we have much more on this problem and the closure top of the beltway outer loop at old georgetown coming up. eun? >>> still aheafl n is raising its prices. >>> plus, allison janney plays games on "ellen" show. >> tivte it and a clue. >> i don't know how far away can i -- how far? give me -- >> yep. allison janney putting her taste buds to the test there. >> ellen, watch that and more when you shop with us, you know how to score. but did you know you could be saving even more? with the tjx rewards credit card - every time you shop at our stores, you earn 5% back in rewards. tjx rewards credit card. an even better value every day. n> we are staying on top of breaking news rig on the beltway. take a look right here. chopper 4 is live over therash on the outer loop of the beltway at old georgetown road in bethesda. we'll check back in with melissa. a lot of backups there. now, it's 6:26. a tractor trailer on display on the na

youth thaten the were done with the march, the protest they were at, started coming through to go meet their bus, encountered the same black israelites and took a different route. responding to hate with love, they responded to hate with hate. we thought they're at the march the best thing to do was to ignore the black israelites the best we could come and to pray for them and for their actions there on the mall. we did not realize their presence there in harassing us, but we just went ahead with our rally. then things started escalating between the black israelites and the youth. cap. encountering them, going away, coming back and touting them again. and each time they came back, they came back with larger numbers until -- it shows in the video where it is close to 200 of those young youths out there. they got into a mob mentality. that is what a lot of other people have described it as. phillips, the black israelites, you're saying at some point there were as many as 200 of the youths from kentucky, the size of the group of the black israelites that you saw and also what you decided

i think the senate should have voted, and the 115th congress, on the bill thaten was passed up by the house. tom, i want to get to the situation of the border. you have border patrol agents, not very well compensated, they put all the weight on their shoulders. but the border patrol agents, they do want a wall, don't they? and how are they dealing -- how do you instruct and teach people and tell people to deal with people who supposedly are coming to claim asylum but they are throwing rocks at you and tryint to sneak in the border over a wall? >> look, these border patrol t agents, they are well-trained. first first of all, you said they are not be compensated very much, they are not being completed at all right now. these men and women are not getting paid and they are putting their lives on the line for this country and i saw it happen on the border. look, they are doing the best job they can. >> jason: amen. >> to protect this border, and using tear gas was the minimum use necessary to protect themselves. they can't be hit with rocks. >> jason: they do what they got to do. >> we ou