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your from john williams and toers -- who echo it seems be the consensus which is toomer hikes this year. what do you see that they don't ? >> i think those inflation numbers have been a little bit surprising so far in 2017. >> forgone conclusion for the june meeting. >> well the last three fed hikes did result in treasuries actually rallying after the meeting, which is an impression that the market was going come is the fed owing to quickly? every time they hike, they worry it might be a mistake. we survived on the sites. we could see replay but we seem treasuries rally, a bit of a reaction come is this too much, then the economy were copes and will see yield stripped higher again. thehat do you think about inflation situation, dropping corp. et is the alarming. five-year/2%, where the fed wants to be. they do have it looks like mark sustainable -- closer to europe. >> there's no sign of runaway inflation, the most of her thing. inflation is unlike -- sustainably on the stop -- topside anytime soon. is there risk of us going back to a deflationary battle? probably unlikely, employment u

considering breaking up a wall street tax, reviving discussion of a depression era law separating can toomering -- separating consumer and investor banking. he also may raise the gas tax to fund highways. supportedstration has a 21st century version of the glass-steagall law, although it has offered few details. pres. trump: we are looking at that. some people want to go back to the old system. so we are looking at that as we speak. and dodd-frank is going to be very, very seriously changed so the banks can go back to loaning money. ramy: there seems to be like in the transpacific partnership after all, despite the withdrawal of the united states. trade officials of the remaining countries are in toronto this one for so-called tpp minus talks. a sign thatare also canada wants to move away from its biggest trading partner, the united hates best the united states. sydney airport will not take up the australian government offer to develop the city's long-awaited second airport. it's is considerable risk around the $3.8 billion project are not in the best interest of shareholders. the operator o