Melissa mortgage giant freddie mac is heating ujust when the government wants to cool it down. Freddie mac is reporting its Second Quarter largest earnings ever today but is it the cash cow that it seems to be . Or is there a catch in there privatizing freddie and fannie mae may sound good to some but how hard would it hit and hurt the housing market. We have former senior visor to the treasury department. Great to have you back on the show. Great to be here. Melissa so the big question today, how do you reconcile the idea they come out and have this five billion dollars profit and looks ke they are on fire. Doing great with all their mortgages. They have their mojo back andt the me time the president comes out gives a speech saying we have to wind thhse guys down . How do you reconcile those two things. Dont get distracted by the shiny 5 billion. We have still 50 billion in the hole, in the red from the bailout. Melissa they have a lost quarters like this to pay us back. Exactly, exac
Markets in the Asia Pacific Region are well into a new day of trading, and investors are watching the numbers closely after mondays heavy selloff. Heres what it looks like so far. We bring them up. And there you see the shanghai composite down 4. 33 . The other markets in positive territory. Japans nikkei up, and seoul and hong kong up more than 1 there. A bruised wall street will open six hours later. The dow began with a 1,000point loss but managed to recover somewhat, ending down almost 600 points for the day. Now some of what happens in the markets ahead depends on how things play out in asia. Our will ripley joins us live from beijing. Will, markets across asia look better than they did 24 hours ago. How much comfort should we take from that, and how sustainable is it . Reporter well, even the number the here in china, as you mentioned, theyre not as drastically down as they were earlier in the day, the shanghai and shinjin. How much comfort we should take depends on who youre ask
Comment he is reported to have insulted haiti el salvador and several african countries. And thousands rally in pakistan to protest against the grain and murder of an eight Year Old Girl they demand to know why police force is so slow to react to the child abduction. Plus scaling new heights we need an incredible rock climber from hong kong who is determined to fulfill his dream despite losing the use of his legs. Im sorry kelly thanks so much for joining us german political leaders have been negotiating throughout the night here in berlin trying to see if there is enough Common Ground to enter formal Coalition Talks thursday was the last day of exploratory talks but no one. Has yet emerged from the chancellor Angela Merkel has been heading a caretaker government since the National Election more than one hundred days ago she and her conservatives are in talks with the social democrats led by Martin Schultz to form a new government as the talks began yesterday merkel was cautious about
I just spoke to. President bush. Hes very thankful for what weve done without our editor that would have never happened you know someone will call that a performance i consider it work. Here in the United States we must respond with birds of seats in this room mr putins design to try to compromise Democratic Institutions the republican controlled house continues to plot democrats efforts to investigate the attack the countries that have achieved a degree of success all have one thing in common. Political leadership who publicly said enough is enough never before has a u. S. President so clearly ignored such a grave threat and a growing threat to u. S. National security. Also coming up a new warning for our children and their Mental Health and the smartphones that seem to be addicted to. The once you miss periods of social development you cant come back and make them up and these phones are causing there to be a change in regards to social development of children. Oh we begin the day wi
Institutions the republican controlled house continues to plot democrats efforts to investigate the attack the countries that have achieved a degree of success all have one thing in common. Political leadership who publicly said an officer is a not never before has a u. S. President so clearly ignored such a grave threat and a growing threat to u. S. National security. Also coming up a new warning for our children and their Mental Health and the smartphones that seem to be addicted to. The once you miss periods of social development you cant come back and make them up and these phones are causing there to be a change in regards to social development of children. Oh we begin the day with plans to take America First to the swiss alps today the white house confirmed that u. S. President donald trump will attend the World Economic forum in davos later this month the conference is considered the the event for the worlds whos who of business in politics or will it be the next stop for what i