Industry Study Suggests that trading in u. S. Asset backed securities will become uneconomical if the rule is not tailored to fit the u. S. Market place. If it is uneconomical to act as a marketmaker for commercial mortgagebacked securities or residential mortgagebacked securities, auto loans, credit cards, collateralized loan obligations, then banks will pull out of the abs market which represents a 1. 6 billion source of Consumer Lending or 30 of all lending to u. S. Consumers. So my question to you, chair yellen, is how will the fed ensure that the final rule will be tailored to fit the u. S. Market which is the most liquid abs market in the entire world . So i will have a careful look at that. Im not familiar with all of the details of the b asal proposal, but anything we implement in the United States, there is nothing automatic that is implemented in the United States. And we will have a careful look at what the impact would be. Well, i appreciate you doing that. And i continue t
Hearing from ibm among others. One economic report the october National Association of Home Builders survey this will give us a snapshot of construction heading into the winter after a strong summer for the industry. All the big stories were watching. A top u. S. Security firm reporting that china actually tried to hack at least seven American Companies in the three weeks since that key meeting youll remember between washington and beijing leaders from the two countries which it agreed not to spy on each other for commercial reasons. Security firm crowd strike said its software detected and rebuffed these attacks. Also, high profile of bribery allegations against walmarts mexican operation found little in the way of new major offenses. The wall street journal says the threeyear on u. S. Investigation likely to hand in a smaller case than expected. Investors did say they found evidence of bribery in india as part of that same program. The retailer is said to likely face u. S. Foreign br
I know its cold. Theres fog developing. It did yesterday. Well probably see more today. Looks good. System fell apart to the north. But theres a whopper of one heading to the Pacific Northwest. Sunny and warmer. And patchy fog. A little breeze up in the hills. But mid 60s here for many today. Each day a tiny bit warmer. What do you have for us, sir . We have a lot of slow traffic in areas all ready. People are up early and hitting the roads. Lets go to pictures i want to start off with. I can move it over to the east shore freeway. And a look at the mcarthur maize. 23 minutes. When you get to the bay bridge toll plaza youre waiting a little bit. Highway 4 also slow through antioch as you come over the hill. We heard about the signal light problem on vas co road. Vas co at camino diablo, those signals are not working properly. And this traffic is slower than normal. Ive heard from people who take vas co road on facebook and twitter. And lets say theyre not really fond of vas co road com
Celebrating in new jersey as ben carson backtracks, what hes saying about his own words right now. Rocket man and from amazon to outer space, the race to bring tourists to outer spac its heating up. Jeff Bezos Company doing something its never done before. The rocket man here live this morning with a big announcement. And good morning, america. Okay, who is ready to go to space . Not me. No. Maybe jeff bezos is. That rocket went up. It came down safely. And the video is just coming in this morning. That could be the future of space travel. Theyre boasting of big windows, room for six astronauts and already starting the process of taking reservations for those window seats. I nonormally le a window seat. I like the aisle. Just not on a rocket. How much for thoswindow seats . A lot. Jeff bezos has a lot. Hes going to be here live we begin with that breaking news in the war against isis and a russian warplane has been shot down by turkey near the Syrian Border. America and its allies call
Last couple of hours. Every morning for the last week weve been waking up to patchy dense fog. Thats the story this morning, it is dry and breezy and cooler. The temperatures are cooler than where they have been. 12 Miles Per Hour in philadelphia. 10 in millville. Sea isle city, 14 Miles Per Hour but you have gusts at 20 to 25. 55 in philadelphia. 54 in millville. Sea isle city 54. Allentown, 50. Trenton, 52. The poconos checking in at 41. Satellite and radar, cold front slipped through overnight that allowed the temperatures to drop off a little bit. Really when you look at the big picture, 56 degrees is still well above seasonal averages this time of the year. 42, 43, breezy with patchy drizzle today a lot of cloud cover, 56 degrees, that will be the forecasted high, look what happens for tomorrow. We get into the all time reblgd territory. The norm record territory. The normal is 62. The record is 64. Were forecasting 70 degrees. All time high was 73 on december 5th years and years