The clock is ticking and power lunch is taking the ball. Lace them up. Halftime is over. Second half of the trading day starts now. Big weekend of football ahead. Big day ahead here on power lunch. Jobs, economy, fed. Is this the year finally of Rising Interest Rates . St. Louis fed president will join us first on cnbc to give us his view. If rates do begin to rise sooner than you think, which stocks should you buy . We will show you some smart moves, some smart places to put your money to work. And it is the hottest segment of, yes, the Tobacco Industry. Could it be a gamechanger for the companies that do business in that field . We will tell what you that game changer is. My partner sue herera at new york stock exchange. Sue, happy new year. Yes, you too, ty. We are finally back together again. Im thrilled about that. The markets not so thrilled right now, though. Kind of stuck in a range of that jobs data. Lets look at numberes with the Dow Jones Industrial average trading up about
So im hopeful that the Budget Committee conference will revisit or at least come up with a product that has not been discussed which will accomplish the objective of putting this country on a fiscally sustainible path for the long term, coming up, treasury secretary jack lew on implementation of the doddfrank regulations. And president obama at the white house hanukkah reception. Later, the democratic steering expiring hearing on Unemployment Benefits. Span, washington journal looks at the mission and role of the National Institutes of health. Starting live at 7 30 eastern with director Francis Collins on the medical research priorities. Future projects and the impact of sequestration. At 8 00, allergy and Infectious Diseases director Anthony Fauci followed by derek green director of the National Human Genome Research institute gave at 9 00, harold varmus. At nine 30 come i look at the National Institute of Mental Health with director thomas in cell thomas insel. All with your comments
Nancy pelosi response to squeaker boehners remarks about House Republicans and women candidates. She is joined here by other democrats at this 40 minute briefing. Good afternoon. How are you all . Thank you for coming. Shelling to start telling grandchildren stories. He says greatgrandchildren. We all think our grandchildren are great. To believe. Good afternoon, everyone. Yesterday, as you know, president obama made a call to act regarding income inequality in our nation, increasing the minimum wage, equal pay for women, and in the workplace, earl Early Childhood education and prek have been part of his proposal all along. I was excited to hear what he said echoed. When women succeed, america succeeds, and this is our agenda. Income inequality, as he pointed eroding thely middle class, which is the backbone of our economy. Earlier, a representative from kentucky talked about how it is the right thing to do to improve the health of thousands of his citizens over the next decade. He als
Recent talks to the pope in rome. I think it should be discussed. It should be considered, especially since we know what happened in iraq with the christian community. Fiona . I would actually just want to say to fyodor that it actually is discussed here, but he gets back to what dr. Brzezinski was a saying about a nonsectarian tone to the debate. The u. S. Does not want to take sides in this conflict. As we look about in the balkans, if you think back to the 1990s, various European Countries in particular of standing with historic coreligion, the idea that catholic portions of europe were standing with the coops and others, the serbs because of old religious orders. I think we have all learned from that, so that was not completely accurate depiction of the 1990s that we have to be extraordinarily careful. We are all skirting around the proper ways or the ways of describing a very complex situation. The u. S. Does not want to be seen in the middle of a sectarian conflict. It gets to th
We strongly believe that if every member of congress would take even a few minutes to speak personally with unemployed workers, there would not be any question at all about the need to extend the federal ui program. More than anything else, they want a job. But finding work remains very difficult in an economy that still has one point 5 million fewer jobs than before the recession started six years ago. We have never had anything close to such a sustained job deficit after any recent downturn. It has been said in opposition to an extension that the federal Emergency Unemployment Compensation Program was adopted for extraordinary circumstances that are disappearing. No. No. These extraordinary circumstances continue, as indicated in the report issued just this morning by president obamas council of economic advisers. It highlights that the current longterm Unemployment Rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. The extraordi