Measurable in philadelphia. We have not started our snowfall total. You remember what we got last year. Second most snowy record in the history. 68 inches. Yes. It was an appetizer. Here we go. It looks great new. It looks great but do you you see win blowing the trees a little bit. Yes. It will feel kohler then it is. What is the number. Here we go, i forgot. Oh, yeah, six. No, seven. Seven out of ten. Plenty of sunshine. It looks good. There is no more snow in the forecast today but with those wind gusting to 30 miles an hour it will feel colder then it actually is. Your pal bus stop budd haze a good idea. Wore mittens at the bus stop today, standing outside for a while, it will chill you down, at least you dont have to worry about anymore snow at least in the for to day. Buddy is in his eagles gear and snow which was a mix of rain and snow in many places has moved off shore. That is it for that. It is 35 degrees in philadelphia with wind out of the northwest at 10 miles an hour, gus
From our studios in new york city, this is charlie rose. Charlie Michael Lewis is here. He wrote to prop close to prominince more than 25 years ago with liars poker. Last spring, he published flash boys. One year later, a new afterward assesses the challenges that remain for highfrequency trading. I am seized to have Michael Lewis back at this table. What is it that you are saying in the afterward that has happened since the publication of the book . Michael the Public Relations firm hired by highfrequency traders has gotten better at attacking me. Charlie a few of them came to see me after we did the long interview. Hear us out, that is all they said. Michael it is an organized political campaign. What am i saying . There are two ways of looking at the world. One is as a problem the regulators need to solve. You have a stock market that is screwed up. Screwy incentives at the heart of it. It may lead to ruin and if nothing else, it leads to a tax on investors. I never held out much ho
From our studios in new york city, this is charlie rose. Charlie Michael Lewis is here. He rose to prominence more than 25 years ago with liars poker. Last spring, he published flash boys. One year later, a new afterward assesses the challenges that remain for highfrequency trading. I am pleased to have Michael Lewis back at this table. What is it that you are saying in the afterward that has happened since the publication of the book . Michael the Public Relations firm hired by highfrequency traders has gotten better at attacking me. Charlie a few of them came to see me after we did the long interview. Hear us out, that is all they said. Michael it is an organized political campaign. What am i saying . There are two ways of looking at the world. One is as a problem the regulators need to solve. You have a stock market that is screwed up. Screwy incentives at the heart of it. It may lead to ruin, and if nothing else, it leads to a tax on investors. I never held out much hope there woul
Session. And the s p 500 down 6. 70 points at 1409. December a historically good month for the markets. The s p has risen 8 of the past 1 years in the final month of yeert. With fears of the looming fiscal cliff, can the trend continue . Were bringing in mike from Yahoo Finance and cnbc and yahoo have a Business Alliance to share and coproduce editorial content and gordon along with bob pisani. Gordon will be along momentarily. Michael, let me start with you. You say this markets preoccupation with the fiscal cliff is overdone. Do you think we go back to the trend and that is that december is a good month on the upside for stocks . Definitely one of the tail winds. All else being equal, probably definitely a strong point for the market. I think this market is laboring to look through the interim noise. You had decent pmi numbers, with the ism disappointing and i think the market is trying to assimilate all this. One thing i take encouragement from, things like junk bonds, small caps ha
Manufacturing, access to capital for Small Businesses, making investments in infrastructure, utilizing Domestic Energy resources, Stem Education and implementing smarter regulations. I believe, mr. Speaker, that this remains the best recipe for getting our country back to work. Beyond our job creation efforts, im proud of our leadership on confronting the nations debt crisis. Though not always popular, i refuse to accept the status quo of no budgeting, skyrocketing debt and ignoring the problem which only makes it worse. With over 40 cents now borrowed on every dollar spent by the federal government, this is both a Current Crisis and a future one as well. Last year alone, we spent more paying the interest on the debt than we spent on domestic priorities of education, transportation and Natural Resource protection combined. This is unsustainable. This is why i have dedicated much of my time and effort of reining in spending and in washington. Im proud of our efforts to introduce the fir