but i wouldn't ask a question of captain yellin.rldwide via facebook. it is being recorded by c-span. we have a very large audience. in a city suffered with ptsd for a number of years. what suggestion, what guidance might you give to somebody listening to this that would be in need of help? >> i was told that i had battle fatigue. the war was over. you can forget about it. the veterans today, 20 or 22 commit suicide every day. those who serve, they need something for themselves. we spend a lot for antidepressants and anti- psychotic drugs, which is addictive sometimes. and we can teach meditation for $700 to a veteran one time fee for a lifetime of help. tm.org is the website that they can find out about it. i still meditate twice a day, 20 minutes a day. i think it has kept me alive and is keeping me alive. i am an advocate of that. you cannot force anyone it is something that removes the stress of combat. and it can do it for others. >> center section, sir? >> hello. yes. my father-in-law in 94, world transport world war ii. he li

but i would like to ask a question of captain yellin.this is in broadcast really, worldwide via facebook. and it is being recorded by c-span. live a very large audience but i know you say something with ptsd for five years. but suggesting, what guidance might you give to somebody listening to this that would be in need of help enough. >> i was told i had battle fatigue. the war was over. you cannot forget about it. the veterans today, 20 22 commit suicide every day. those who served. they need something for themselves. and a lot for antidepressants and antipsychotic drugs which are sometimes addictive. and you can teach meditation for $700 to veteran. a one time for a lifetime of tm.org is a website that they can find out about it. i still meditate every day twice a day. it has kept me alive and is keeping me alive. i'm an advocate of that. not force it on anybody. it removes the stress from combat. and if it did it for me it can do it for others. center section, sir? next hello. thus, my father-in-law, 94 world war ii. he flew through t

welcome to platform, world war ii veteran and fighter pilot, captain jerry yellin. [applause] [applause] >> thank you, sir. i have to begin by saying, this is an unbelievable honor for me. throughout my air force career, i was constantly reminded that the air force i served in stood on the shoulder giants, and those giants were the men and no apologies to the women present but in world war ii, there were no women in combat. not that none served. but you and your generation properly referred to as the greatest generation, set the standard for what it means to fly, fight and win. which is the basis of what is today the world's greatest air force i proudly serve in. you gave us a warrior ethos who defines who we are. that same ethos, those same standards, are present across all of our military services and it's because of men like jerry yellin and your generation that gave that to us and i thank you, and so i'm so honored to be up here with you. we had talked about some questions we're going to go through. i have to start with one. talks in the bio about you flew p40,

i'd like to ask a question of captain yellin., worldwide via facebook, and it's being recorded by c-span so we've got a very large audience. i know you said you suffered from ptsd for a number of years. what suggestion, what guidance might you give to somebody listening to this that might be in need of help. >> i was told that i had battle fatigue. the war was over, and you can't forget about it. and the veterans today, 20, 22 commit suicide over d-- every day, those who serve. they need something for themselves. we spend a lot of anti-depressive and anti-psychotic drugs which are sometimes addictive. and we can teach to a veteran, one time fee, t mchm.org is a website they can find out about it. i still meditate 20 minutes a day, i think it kept me alive and it's keeping me alive. i'm an advocate of that. you can't force is on somebody, but something that's called remove the stress of combat. it did it for me and it can do it for others. >> center section, sir. >> hello, yes, my father-in-law, 94, world war ii flu c-47, through

current chair of the us federal reserve, janet yellin.decided not to renew herfor a second term. donald trump decided not to renew her for a second term. what happens now? janet yellin leaves and the central is trying to win the us of its really loose monetary policies and get the economy to stand on its own two feet. which means us markets may not always make the best rallying cry for donald trump. and as soon as we get an announcement, we will update you hear on the bbc. now let's brief you some other business stories. it's being reported in the financial times that walt disney is close to confirming a deal to buy 21st century fox's entertainment assets for about $60 billion. the sale would include the 20th century fox film studio and the sky and star satellite broadcasters in the uk, europe and asia. disney was left as the front runner after comcast, the nbc owner, dropped out of the race on monday. it's thought that there may be an announcement about the deal on thursday. the murdoch family was said to favour a deal with disney becaus

janet yellin is expected to announce her final interest rate hike, today, yellin's leaving fed in the next few weeks after four years leading central bank. fed governor jerome powell set to take over in february. fed is expected to raise rates a quarter percent, jim and rahel. >>> for years people have been saying malls are a dying business we need to write them off but you say not so fast. >> reporter: well, on line sales have eat's way at stores but traditional shopping centers aren't dead just yet. westfield corporation which owns high end malls in the u.s. and europe agreed to the take over for $15.7 billion. the buyer is unibell, real estate bell, they say the deal amounts to a luxury mega malls can compete with the likes of amazon and on line retailers: i would say they are not down for the count just yet. >> i don't know if you have ever been to king of prussia, have you ever been to kop. >> i have been to philly tons of time but never been to king of prussia. >> it is better than on line shopping. >> yes, luxury stuff people like to touch that stuff. >> yes. >> customer servic

he wanted yellin to drop the rape charges. and what would he give you i return?ve you a statement -- that you can use against me in this case." >> okay mr. gordon. >> reporter: and so on the eve of trial, detective trapp once again sat face-to-face with steven gordon. and he once again took her through each crime. >> fair to say that your intention was to pick up a prostitute and ultimately kill her? >> yes. >> okay. >> reporter: that was played for the jury. and then? how bizarre was this. gordon suddenly decided he wanted the jury to hear his first confession too. which meant that the mothers had to hear every graphic detail of their daughters murders. >> and then, i thought, "maybe i prayed that rosary a little too hard, because now we've got two statements in." >> reporter: the jury wasted no time convicting gordon of four counts of murder. they recommended the death penalty. for four mothers, a measure of the entire trial. as brutal as it was. what has it done to your understanding of human beings? >> they're evil. there's lots of evil in this world. lots of

powell and yellin are stimin their outlooks. they are monetary and worry about strengthening the economy and worry less about inflation. the hollywood reporter says netflix fired an executive out of the l.a. office after he told someone the company didn't take allegations of sexual harassment seriously. what they didn't realize is the woman he said that to was one of the women making allegations of sexual misconduct. he, himself, faces no allegations, but was fired for the statement. >>> keeping an eye on a strange situation involving cnn anchor, anderson cooper. there was a response to president trump that calls the president a pathetic loser. cnn, this morning, said someone gained ak ssz sesz -- access to account. we will continue to keep our eye on it. it seems strange a hacker would choose to reply as opposed to tweeting out things. we'll keep our eye on it. >> interesting. >> yeah, it is. >> thank you very much. >>> happening today, in a few weeks, we will all usher in a new year. today, the number 18 will arrive in times s

yellin will be replaced by jero jerome powell. powell and yellin are similar in their outlook. they are monetary doves. they worry about strengthening the economy and less about inflation. the hollywood reporter says n netflix fired an executive after he said the company didn't take allegations of sexual harassment seriously. what the man didn't realize is the woman he said that to was one of the women making allegations of sexual misconduct. he faces no allegations, but was fired for his statement. the fcc will vote tomorrow for net neutrality. we expect it will go along party lines, which mean the republicans in the majority will win. the fcc says millions wrote in supporting the change. there are allegations many of those people are fake. this person, donna duffy who wrote in from lake bluff, illinois is real. she wants them to repeal net neutrality and wrote in on june 2nd. you can see the comments. the problem is, she's been dead for 12 years. "the wall street journal" went through thousands of e-mails and found dozens of fakes. duffy is a real person, but not anymore and

messaging will get to that in a moment first let's talk about the communications revolution with york yellin it from a business disc who's also here to give us a glimpse into the future as far as communication goes york let me just put this further it's extremely heavy. how have text messages changed the world well text messages have saved people's lives they've ruined marriages they've helped organize demonstrations to topple dictators and they have made telecommunications companies really really rich they've also changed our language you know the first messages were limited to one hundred sixty characters only and in order to say a lot of people came up with new abbreviations a new slang and it was called text speak and i have a few examples for you we can bring them in and now one of you can actually tell me what they mean by best these ones are easy for later great see you. don't get me wrong and it's not easy on me you know it i mean it's something we all love it's yet another meeting oh yet another meeting another like them either you mentioned gold mines how much of a gold mine have t

quite a -- quite a good run economically, and thank goodness for the obama administration and janet yellin and everyone who worked so hard to make sure that the finances of the country were go good. but we can't -- excuse me. we can't continue this rate of growth, so there has to be some contraction in the market, and i'm concerned about there being the requisite contraction in the san francisco fire department and its budget. so here comes my familiar drum about the general fund. we cannot, as a department, continue to depend solely upon the general fund. everybody goes to the general fund. when you have a request for a 2.5% reduction in each year, a cumulative 5% in the second year of our budget, we need to tap into outside resources. any budget that comes to us, you know, presented by you, mr. corso -- i'm not frustrated with you in any way. i'm just frustrated with this coming up year after year, and we're doing the same thing. we're handling our business the exact same way. we need to be able to go to foundations and go to branchs of the federal government to tap into funds that are b

under chairman yellin's leadership the chair has adocumented a number of rules. and you have supported those rules and helped implement them. i understand that now if you are confirmed you intend to take another look at those rules. in your written testimony you say that you will, and i'll quote you, continue to consider appropriate ways to ease regulatory burdens. so let me ask this. you specifically say that you'll look for ways to roll the rules back. are there any rules you believe should be made stronger? >> well, i do, yes -- if you think of the four principle pillars of reform, i think they can all be made stronger and more transparent, clearer and efficient. i've also said there are a number of things i wouldn't roll back. >> so what are the rules you said you would make stronger? >> well, i think with resolution. on stress testing -- >> so you would want to see rules that more aggressive on living wills, for example. >> yes, and not so much thinking about rules as our expectation. >> well, that's the question i'm asking about. if you're going to revisit

it would be awful some of it almost says yellin day after day. it was mccain. probably the first time they ever clean it or this but it would be clean. if the been proud to be as i am now no i'm saying how great these guys are. yes. i am. just to tell you that. the concert. guys underground my so do i think once this is a good for them and super easy react with you know that move in with you and do whatever you want them to do to you says something really to be important not like you really tell us what. it's like i told everybody love them but. we decided to make plans to join the guys you know i mean would simple things what do you have this only. computer software and you know and not only me there is a book for guys upstairs they make some metal music and everybody there they singing live that i mean. you know the big deal with little guy. and he. the. look here. i tell. them. that. the only way to start there was the sea all the cities around misrata is full of duffy's soldiers. the cities was destroyed and the one where it was illegal to grease streets an

and also marks the last meeting for that woman, janet yellin. her term ends in january.in hit its own record high closing in on 20 grand for one of these little internet coins. the director is urging extreme caution with virtual currencies. if a promoter cairnties returns, if an opportunity sounds too good to be true, if you're pressured to act quickly, the bitcoin is not registered with the sec because virtual coins aren't tied to a central bank. >>> ticket sales are strong with the last star wars last jedi. it's already become the top advanced ticket seller of the year. that's according to fandango. it's on track for an opening weekend in the $200 million range. a huge number. the force awakens had the biggest box office opening in movie history. are your kids star wars fans? >> they are. but i think this is little beyond them. they're more into whatever is coming out for christmas. rotten tomatoes is into it, though, 92%. >> cocoa is another one making tons of money. >> early start continues right now with this massive political earthquake in alabama. >>> i have been

vonnie: are chairman wrote a wonderful op-ed saying this isn't a trump bomb, it is thank you janet yelline are seeing these highs. i wanted to bring that point up because we just had a new member of the fed board, thomas barkin. mckinsey.t why is he important to the overall matrix? jim: -- gary: the richmond fed president does vote. there are five the district bank presidents vote, the new york one votes and then the other is in rotation. it does give him some influence. i'm not aware he is in a dramatic different views than the rest of the board. they've been fairly uniform. the idea they want to raise rates, they want to do it slowly , they want to reduce their portfolio slowly. they don't want a tantrum like in 2014 when bernanke hinted at the idea of tapering, not actually selling off. just reducing the additions in the portfolio. they are always a very careful and i think they realize that in the past when the fed gets on a rate racing binge, buy my account, 11 out of 12 times they have overdone it and gotten a recession. they are aware of this and now not only raising rates, but the

janet yellin backed them up. there is argument with that there. this thing can be painted as a give away to corporations and the rich. as they put that up there, there are tax cuts for the middle class and it can be pointed as the biggest cuts for corporations. long-term benefits from corporations. the same groups that trump explained about repeatedly from the campaign trail about having outside influence. it's a big cut to the corporate tax rate that trump can and will claim as a victory. it will be a tough sell out in america. >> does the president want it if you go through the blue states turned red in wisconsin and pennsylvania, that is i am your voice. if a lot of the people thought he was their voice don't get a tax cut, what is he going do? >> you see the process where he is not involved in writing the bill. he has been a capitol hill person during the process. that's about job creation and those may be a long way up and they may not colorize. this bill may not help americans and some credit for that. >> the president doesn't want to get to

you've heard from yellin and rivlin. is hard toflation come by that they're going to hike anyway. realize bute are structural issues they see growth is very strong and they see financial stability is an issue. they want to hike regardless of the inflation. mandatethe central bank is not as tight inflation as it was five years ago. manus: they want to do three hikes. our guests you yesterday was that they can get away with three hikes and it won't unseat the economy. can they? , not unsinkable bond market. let's pull the bottom curve up again. what does three hikes due to the bond curve? what does it do to the curve? is the flattest and 10 years. factor but i is a think of almost equal importance is what happens to the bank of japan of the european central bank. what we are seeing this year is a huge amount of printing from the ucb -- ecb and becky japan. curve.s compressed me a -- compressed that yield curve. the ecb is more confident they can take away the stimulus. bank of japan may be turning towards yield curve control. up and moneygo will be repatriated back and what takes on

they will quote janet yellin. they'll quote mr. curry. all said the $50 billion threshold is essentially arbitrary and doesn't work and so at the end of the day what it's doing, mr. speaker, is putting in an additional regulatory burden on banks that pose no systemic risk to our economy, making it more difficult to extend credit to hardworking americans who need it. but for people who just voted against tax relief for hardworking americans, i guess that's what i would expect. so now they want to make sure they don't have tax relief, they don't have mortgages, they don't have credit cards. and so that's what they're defending, mr. speaker. it's wrong. and so on a bipartisan cistoday i believe we will vote for h.r. 3312 and make some sense out of this sifi rule and we'll have a better america tomorrow and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. all time for debate has expired. pursuant to house resolution 667, the previous question is ordered on the bill as amended. the question is on engross

in addition to that, the term premium, which chair yellin referenced in the press conference, probablylso has room to normalize. i think you will see somewhat higher yields across the yield curve. lisa: do you think there is going to be any problem with short-term rates rising with consumer debt? apart from mortgages has reached all-time highs and is more pegged to the short and rates. jan: of course there will be some impact. the point of raising rates is to have an impact on financial conditions and slow growth if you look at the labor market from the near 200 -- the near 2000 two 100,000. some thing has to happen to bring that about. i think there will be pressure on the consumer. i don't think the consumer is overleveraged overall. in particular, mortgagors tended to be more important from a macroeconomic perspective than other consumer debt. alix: they wound up a lower short to medium-term unemployment rate but inflation projection stay the same. do you think that implies the don't see the phillips curve working and they need a different model? jan: the phillips curve is one thing

this hearing will review the development the crisis and special sense doctor yellin -- director yellen became the chair of the fed in terms of the dual mandate of maximum employment and price stability. by the standard measure of unemployment, which is 4.1% last week, and by the standard measure of inflation, which most recently stood at 1.6%, both the first and second goals have been achieved. although the standard metrics of unemployment and inflation are very good, all is not well in our economy. economic growth has been slow to the point that some economists have advised that we should try to lower our expectations for future growth by about one-third from the average postwar growth rate. wage growth has been surprisingly low, as has been in business investments. labor force has remained low and economiceasures of dynamism, such as new business formations, are way down from previous before the previous recession. various explanations have been offered, including an aging population and decreased international competitiveness of u.s. businesses that are impaired by taxes and regulat

hair final moment at the press --ference of 15 cost chair with the honor of final question to chair yellingo last? , whatit coin questions was it like to go last? mike: i was glad to get called on. it was an honor to ask the chair her final question as the news conference. a very interesting performance by janet yellen because she explained in depth what the fed is thinking and what they don't know at this point. tom: it's a joke and she laughed but unfortunately it is not a joke to serious economist. your are the dots. -- here are the dots. we don't know who's this one or this one. you've got to presume the chair is the center. -- hethe bottom. is refuses to put in dots. probably somewhere in the middle is janet yellen. the people -- the reason people want to know is because the committee generally follows the chair. the chair follows the committee. she talks to everybody in between meaning she knows where they are. she can position herself so that the majority kind of comes together. tom: we were all scrambling on the president cost 4% comment. ut that up dutifully. what was the common k

a fact has been recognized by d chair yellin, former treasury secretary lew. even barney frank, author of dodd-frank, has said the $50 billion threshold is completely arbitrary and has had negative implications on our economy. this legislation closely ties the safeguards intended in the designation of a bank holding company with the risk to the system. my legislation will require the federal reserve to examine not just size but also interconnectedness, the extent of readily available substitutes, global cross-jurisdictional criteria, criteria they use in their own risk calculation analysis. an inefficient regulatory structure can have real economic consequences. we should no longer let the sifi process lead to marketplace disruption or penalize companies based on size alone. it's time to take a more pragmatic approach to this process and more generally the punitive regulatory regime hitting financial institutions and their customers. it's time to actually manage risk and limit real threats to our financial system. this legislation received broad bipartisan sup