u.s. securities and exchange commission is investigating the error that leaves shareholders to fret even more about the massive corporation already facing severe challenges in its power capital and transportation divisions. wonder discuss these two topics with our financial correspondent on wall street yes good to see you going to start with general electric we know restructuring is always difficult but this sounds all really really bad does anyone still believe in the future of g.e. . it is incredible what happened to the former giant in the past couple of years the loss of the nine point six billion dollars just in the. water and the new c.e.o. john fletcher we he admitted that it will take time to fix a general electric they will for course a bit more on the health care industry on the aviation business but it is going to take time and if we saw what for example have been to the power business of g.e. a profit drop of eighty eight percent meant the stock once again was by far the biggest loser in the dull jones industrial average and also the question is what did the board members do all y

u.s. securities and exchange commission and the federal bureau of investigation although proving such cases is generally fairly difficult. what's in store for oil silver and other commodities going into the new year let's ask peter schiff the c.e.o. of euro pacific capital who joins us from connecticut peter happy new year and thanks for being with us again we've certainly had a crazy good equity markets in the last thirteen months or more what about commodity marker markets going on so far in the last year or so and going on in the future well i'm very bullish on commodities in fact more so than most stock markets particularly in the united states and commodities had been in bear markets up until i think just recently.

u.s. securities and exchange commission and the federal bureau of investigation although proving such cases is generally fairly difficult. what's in store for oil.

u.s. securities and exchange commission and the federal bureau of investigation although proving such cases is generally fairly difficult. what's in store for oil silver and other commodities going into the new year let's ask peter schiff the c.e.o. of euro pacific capital who joins us from connecticut peter happy new year and thanks for being with us again we've certainly had a crazy good equity markets in the last thirteen months or more what about commodity marker markets going on so far in the last year or so and going on in the future. well i'm very bullish on commodities in fact more so than on most stock markets particularly in the united states and of commodities had been in bear markets up until i think just recently we've broken out of some rather substantial down friends that have been in place not just for commodities in general but for commodity companies many of these companies have been heading down since two thousand and eleven when a lot of clout of these peaks and we've seen some down trends break there as well so as an investor in both commodities and commodity stocks i t

u.s. securities and exchange commission is investigating the error that leaves shareholders to fret even more about the massive corporation already facing severe challenges in its power capital and transportation divisions. and u.s. chip making giant qualcomm will have to pay close to a billion euros an anti-trust penalties to the european union they use competition commissioner my got into fest said qualcomm paid apple to use its chips exclusively in its i phones and i pads that means the company illegally excluded rivals from the market for l.t.e. baseband chipsets for at least five years ensuring its own market dominance. you know the old problem with big infrastructure projects like roads or train stations they're almost never finished on time here in berlin we've been waiting for an airport for twelve years well that doesn't happen in china apparently where a rail track was built overnight take a look at this. at six thirty pm construction began. fifteen hundred twelve because with twenty three dick is what nonstop throughout the night laying tracks and installing signals. clearly divide

u.s. securities and exchange commission according to the wall street journal they have a program they sent.s. visas. they're cooperating with investigators. >>> sticking with the u.s., the fed's sean williamy will push forward with the policy he says he thinks the u.s. economy will get a boost from trump's tax returns. williams added he was not concerned that inflation would suddenly go up if unemployment rates fell further steve leaseman spoke about the outlook of the policies. >> from the point of view of the policies, that doesn't mean it triggers unnecessary action. i think what we're trying to do with our monetary policies is to calibrate the economy and it's relative to our true goals, which is maximum employment and pricebility, which we are measuring by the inflation rate. as you know, we're not at our 2% goal yet on inflation. what we're trying to do is keep policy so that the expansion would be sustainable going forward. we're always doing a balancing act. >>> a host of relations that impact the financial sector came with the force in 2018 gdpr and open banking may see y with the

exchange cboe and c.m.e. the chicago mercantile exchange group started offering regulated bitcoin futures products. in a rare joint statement by my former agency the u.s. commodity futures trading commission and the securities and exchange commission and forstmann directors have put out a potentially statement that says potential bad actors should be on notice regarding digital currencies yesterday reported on digital currencies it would be a focus of financial regulators but today we have this joint statement and it says quote when market participants engage in fraud under the guise of offering digital instruments whether characterized as virtual currencies coins tokens or the like the f.c.c. and see if the city will look beyond form examine the substance of activity and prosecute violations of the federal securities and commodities laws and will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of. digital instrument reminds me of that scene in meet the parents with robert de niro and ben stiller. and now we go to miami where are two years nicholas o'donovan is at the north american bit coin confort nicolas what's going on there however miami has become groun

and c m e the chicago mercantile exchange group started offering regulated bitcoin futures products. in a rare joint statement by my former agency the u.s. commodity futures trading commission and the securities and exchange commission and forstmann directors have put out a potentially statement that says potential bad actors should be on notice regarding digital currency. yesterday we reported on digital currencies it would be a focus of financial regulators but today we have this joint statement and it says quote when market participants engage in fraud under the guise of offering digital instruments whether characterized as virtual currencies coins tokens or the like the f.c.c. and c f t c will look beyond form examine the substance of activity and prosecute violations of the federal securities and commodities laws and will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of digital instruments it reminds me of that scene in meet the parents with robert de niro and ben stiller watching you. and now we go to miami where r t is nicholas o'donovan is at the north american bitcoin comforts nicholas what's going on there how is it for miami has be

u.s. territories. another bill will change the way the securities and exchange commission regulates certain kinds of investment funds. later in the week, legislation to keep the government from shutting down this coming friday night. live coverage of the house continues again at 2:00 p.m. eastern on c-span. we will go back to the senate judiciary committee hearing ith secretary kristen nielsen. secretary nielsen: electricity will be restored. >> last week i wrote to fema, specifically the administrator brock long, because of reports and we verified them with people in connecticut that they have been told that the transitional shelter assistance program will be ended for them because their homes are now tatterable in puerto rico despite the absence of water, electricity and reliable structures. would you agr

and coming up what the u.s. securities exchange commission think about digital currencies we'll ask former f.c.c. official eric rohmer plus we'll get into crowdfunding with barron marble the c.e.o. of crowd fund x. and will ask rob breaux of the national farmer union to look at rural economy and farmers and ranchers and how it impacts us all and a touch of sweet reports on the investment in the rails and trains will do it all in a jam packed show but first let's get to the stories topping today's financial has lines. another day of challenging news from the digital currencies as reports came in thursday morning that south korea's justice matter once the ban digital currencies out south korea is the third largest market in the world for digital currencies where they typically trade at a premium it's called the kimchi premium and it trades above the global average of course the market website coined market cap remove some south korean exchanges from their formula for price reporting this week citing what they call quote extreme divergence this and quote from prices around the world prices for digita

u.s. and pack sta pakistan work togethero change the area. ... had taken securities and exchange commission apart. they all are situating themselves to benefit from what is about to come up. >> ambassador, just to show for this group, , what was the growh rate in 2017, at least the last couple of years? >> there continues improved from 3% or so in 2013 and now it is 6%. >> laster it was over 5%. >> 3% i think there. and now the prediction is 6%. it is been constant. these massive investments will now move on to make nine special economic zones all along the corridor from china to pakistan. and we think it would be very helpful if the united states engaged. regardless of what the u.s. government takes, corporate america's all remaking of its own mind. they are there and we want them there. simultaneously why we had these good relationships with china, all along it believed people like me have that our relations with china and with the united states are not a zero-sum game. that we had relations with china since 1979 when we gain independence and we've had relations with the united states sin

u.s. government is probing apple over updates that slowed older i phones now it's the justice department and the securities and exchange commission that are asking apple about how it disclosed some of those software updates, the u.s. has requested documents from apple in an early-phase probe, according to sources familiar from that bloomberg report we have reached out to apple, have not heard back yet. we have also reached out to the justice depended and s.e.c. foismt comment the s.e.c. has declined comment, but that's one of the reasons the stock is moving lower, but bouncing off the session lows, as we speak. >> thank you, dom. >>> the dow is still soaring since president trump was elected. we can expect to hear about that for sure during tonight's state of the union address what else will he say? should he say when he speaks to the nation tonight "power lunch" will be right back you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes

securities and exchange commission. are going to be continuing to try to make sure that we have the deepest most liquid markets here in the u.s. we have done some things of the last 10 years that have changed that. it is time to really open those backup. chairman clayton is very committed to do that. men and women who are investing in whether it is college funds or their retirement funds, but they are protected but getting the maximum return as well. >> how many terms? >> i am in my fourth term. >> how would you describe the mood after these days? >> challenging. the presidentat tonight who has been given a reputation as being partisan really try to reach out. you have the chairwoman of the hispanic caucus and also the secretary of dhs back to back here talking about immigration. there is desires, i have the largest hispanic population of all congressional districts in michigan and it is everything from construction to highly educated folks to agricultural workers and i think there is a lot of us in congress right left and center that no we need to tackle this and take it had on. >> the other question is how to tackle it. the