breakfast at my apartment at the time in zÜrich, when the ceo and chairman came by, and basically told thomas jordanere at the time, myself, and the head regulator that they needed help. that was a clear, decisive moment. from then on, the plane went into action. and that was a tough moment, because knew we had to do it. would be thenew it -- thing to do in many ways. francine: talk to me about the capping of the franc to the euro. were there other possible scenarios? philipp: this has been building up for weeks if not months, so we have time to look at different scenarios. we also had a history. the snb and the country have faced similar circumstances in the past. we had a great team. we had not just a board, but quite a few experts economists work out everyo possible angle to every possible scenario. by the time we triggered it, i felt that we had done all the possible preparation we could. have done as an institution. francine: that at the time was a big risk. taker by nature? philipp: one of my mentors told me early on "sometimes not acting is the greatest risk." with the markets being what they

breakfast at my apartment at the time in zÜrich, when the ceo and chairman came by, and basically told thomas jordane at the time, myself, and the head regulator , and they told us that they now needed help. that was a clear, decisive moment. from then on, the plane went into action. and that was a tough moment, because knew we had to do it. but we also knew it would be the grave thing to do in many ways. francine: talk to me about the capping of the franc to the euro. were there other possible scenarios? and why did you go for that one in the end? philipp: this has been building up for weeks if not months, so we have time to look at many different scenarios. we also had a history. the snb and the country have faced similar circumstances in the past. we also had a great team. we brought in that just a board, but i brought in quite a few experts, economists, to work out every possible angle to every , through every possible scenario. by the time we triggered it, i felt that we had done all the possible preparation we could have done as an institution. francine: that at the time was a quite a big risk

breakfast at my apartment at the time in zürich, when the ceo and chairman came by, and basically told thomas jordanere at the time, myself, and the head regulator, and they told us that they now needed help. that was a clear, decisive moment. from then on, the plane went best plan when -- plan went into action. and that was a tough moment, because knew we had to do it. but we also knew it would be a grave thing to do in many ways. francine: talk to me about the capping of the franc to the euro. again, were there other possible scenarios, and why did you go for that one in the end? philipp: this has been building up for weeks if not months, so we had time to look at many different scenarios. we also had a history. the snb and the country have faced similar circumstances in the past. we also had a great team. we brought in that just a board, -- we brought in not just a board, but i brought in a few of the expert, the economists to work out every possible angle, every possible scenario. by the time we triggered it, i felt that we had done all the possible preparation we could have done as an instituti

bloomberg spoke with s&p president thomas jordan. >> not at this point.ressure and risk is very low at this moment. a little bit high in elation because the exchange rate depreciated. medium to long-term pressure is on change very low. corralledforecast, so conditional forecast unchanged inflation forecast. nejra: joining me now is deutsche bank's global desk and julia coronado, president and founder still with us as well. george, at what point does the frank become a problem for the s thesnb? george: we think the euro can appreciate more against it. nejra: we were talking to julia earlier and she says mario the easiestlly has job of all the european central bankers. george: he has been very successful so far. all the difficult decisions were taken last month. .his meeting will be easy but going into next year is going to have to manage that exit again and so far he's done that successfully. i think it will be a challenge to keep the euro down and the risks are that the euro depreciates as they managed the exit. nejra: when you look at the meeting today,

at my apartment at the time in zurich, when the ceo and chairman came by, and basically told, thomas jordane time, myself, and the head tor, and they told us that they needed help. that was a clear, decisive moment. from then on, the plan went into action. and that was a tough moment, because knew we had to do it. but we also knew it would be the thing to do in many ways. francine: talk to me about the capping of the franc to the euro. were there other possible scenarios? philipp: this had been building up for weeks if not months, so we had time to look at different scenarios. we also had a history. the snb and the country have faced similar circumstances in the past. we had a great team. we had not just a board, but i brought in quite a few experts, economists, to work out every possible angle to every possible scenario. by the time we triggered it, i felt that we had done all the possible preparation we could have done as an institution. francine: that at the time was a big risk. are you a risk taker by nature? philipp: i don't think it comes from there. one of my mentors told me early on

is that a situation you think thomas jordan has a handle on?b also in a situation. we have also upgraded our forecast in growth and inflation and over the next couple of years. willar to the ecb, the snb face a tricky chat in the next few months because they cannot it is no longer overvalued -- the swiss franc is no longer overvalued. they believe there is a less and less overvaluation to address. that is something that will probably be done with the data once we see stronger growth in switzerland. it has been quite weak over the past year due to revisions. ,nce you get a weaker franc inflation will probably move will move the snb from communication to a decision by the end of next year. that is the earliest date possible for a rate hike in switzerland. matt: we want to get your 2018 -- you mentioned your outlook for switzerland. i want to get your gdp forecast for the euro area in 2018. we hear about global growth a lot lately, synchronized global growth and europe is a main contributor to that. we focus 2.3% gdp growth in the europe area next

thomas pickering, former u.s. ambassador to multiple countries including israel, jordan and the u.n.uclear crisis group. with us ambassador christopher hill, ambassador to south korea as well as a representative to nuclear talks with north korea. he's now chief adviser to the chancellor in global engagement, university of denver and author of "outpost, a diplomat at work." let's start with north korea. you know, i would call it a discrepancy between rex tillerson and the president. rex tillerson coming out saying we should talk without condition saying that multiple times. the president saying, no, there is a condition only if north korea agrees to talk about denuclearizing that country. is there or are we reading too much but from your position is there a disconnect from what we are hearing from rex tillerson and the white house? >> obviously very large. till tillerson tried to bridge that out of loyalty to the president. but rex tillerson has been saying that and months ago trump said don't listen to tillerson, we are going to take care of this. the important piece here is when is

speaking of the future of the middle east, thomas pickering, former undersecretary of state for political affairs, former u.s. ambassador to the united nations , jordan is our guest. he joins us from washington. you some amount of us -- you saw mahmoud abbas in paris with macron. many countries of the united nations condemning the u.s. for its position on jerusalem, notably asked -- abstentions from australia and canada. what is the future of u.s. middle east policy as you see it, ambassador? at the momentk worse than perhaps prefer the president's decision, which seemed to have no real u.s. interest in mind. let's be clear. i was also ambassador in israel israeliyears, with leaders in jerusalem. there was never any doubt as to where i had to go to deal with the leadership of the country. thathe important point is since 1948, the policy of most nations, if not all, has been that they would take no steps unilaterally to change the status of jerusalem, opening the door for a negotiated outcome. in policy ision still very important. there was not any effort here in any way to negate israeli aspirations, so much as not wanting to interfere in a delicate

> hello everybody i'm marcus jordan and i want to send holiday greetings to my family in aberdeen, maryland, hi mom, hi dad, merry christmas and happy new year. >> i'm thomas walker in okinawa japan. >> see more greetings from our troops on "fox5"facebook page. >> this time of year we see the best of america. and the soul of american people. >> the president and first lady offering christmas greetings to american people and spending holiday at the marriage alargo estate with son barron and other family members and friend. the first lady attented midnight mass and it's the same church. where trump celebrated his wedding. >> christians around the dwlob marked with christmas, food and polar bear plunge. >> nothing says christmas like polar bear plunge, here's katie logan. >> christmas celebrations in london and around the world additional church service to see prince harry fiancee meghan markle. it's a break with longstanding prots owe call royal partners must wait until married before attending services. elsewhere in europe more unusual christmas traditions included icy plunge in berlin. and at the vatican pope francis used his christmas message for resumpti

thomas calling for a day of rage on friday. u.s. allies like france, jordaneaders in the middle east yesterday in the white house dismissed the immediate defense. >> he spoke with five liters is hardly indicative of everybody across the globe, but certainly he's going to have conversations with different leaders from across the world. >> senior administration leaders argue the physical location of the u.s. embassy is not material to the peace process. they also say the president is prepared still to support a two state solution. maria: will be watching this. big story today. fox business take you live to the comment. live coverage of president trump today at 1:00 p.m. eastern right here. no signs of slowing down 15 minutes ago the november report shows the dreaded 190,000 jobs to the economy in the month of november. above expectations. right now markets are lower going into the number. listen to this headline earlier this week on the "washington post" editorial page issued this. an ominous warning, beware in economic boom be where. why would we beware of an