That makes some sense to me. They are not systemically important. I dont know what that would be. My strong preference would be we continue to add meaningful stress testing for them. Its a successful tool. Warren i want to followup on the question about full employment. Congress gave the Federal Reserve a dual mandate, to pursue maximum employment and keep prices stable. The Unemployment Rate is 4. 1 . 4 in thet will get near future. An Unemployment Rate this low would have been considered full employment. That would be good news for the workers. That should be accompanied by higher wages. Wages of barely budged. Let me start by asking, given that wage growth is so weak, is the labor market full employment . Jerome powell full Employment Concept sort of precise in our thinking. A number of indicators would suggest we are at around full employment. I will point to a couple that suggest there is more room for growth area that would be growth area did growth. There is no sense that the ec
San jose, very dramatic, matt. Reporter carolyn, this is the second time this has happened at booksin elementary here in san jose. The good news, this midday, police do have Surveillance Video of the shooter and theyre looking at that right now. A ride awakening on a Tuesday Morning in the willow glen neighborhood of san jose. We just heard the first shot and we both went outside to go see what it was. Reporter karen and her husband, bill, saw the man with a shotgun taking aim at Booksin Elementary School on booksin avenue and dry creek road. I saw the gunman shooting out the main camera underneath the library. You can see the camera is shot out. Reporter karen and bill both started cha eed chasing the gun against the advice of the police dispatcher. I started hyperventilating, said hes pointing at me, pointing at me. She said can you hide behind a tree, what can you . I hit the ground. Reporter the gunman escaped their grasp as police swooped into the area and set up a perimeter. They
Julie he downplayed the need of more regulation of the Banking Sector and was on the same page fed inet yellens terms of raising rates in december. Stocks take a leg lower on these headlines coming out of north korea, the north korea fired a Ballistic Missile. Stocks now paring some of their gains, the nasdaq just went negative in the past few moments after they had all been trading a record. The kbw tank index is up here, as that was my thing rising more. Banking stocks to continue to rise connected to those Powell Comments on regulation. You see a mixture of the large banks and more regional banks that are doing well in todays session. Retailers are also continuing their recent run. We have seen more consistent strength and retail going into the holiday season. We were supposed to flipflop these, as some of the signs are looking good for the Retail Industry. Speaking of december, december is the only month of the year where we have not seen a decline for the s p 500 historically. You
Committee democrats late into colleagues for forcing the bill through. The committee voted along party lines to advance the bill and gop leaders are hoping to take up later this week. A suspected libyan a militant was found not guilty of the most serious charges of the benghazi attack. He was convicted of terrorism charges but acquitted of murder. The attack killed a u. S. Ambassador and three other americans. Two more americans died in a mortar attack at a nearby cia complex. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, this is bloomberg and Bloomberg Technology is next. Emily i am emily chang and this is Bloomberg Technology. Softbank is hammering out details to grab a massive stake in uber and seeking a discount to invest in the startup. Plus, our exclusive conversation with with meg whitman, as she prepares to leave the company. Friday ofout a wide topics, including her political ambitions. 10itcoin a