and expectation of a fiscal stimulus under the trump administrati administration. loui louisa, i m thinking to myself drop everything and head to london because i m going to get a great deal right now. hey, we re happy to take you, happy to take your money, especially with brexit around the corner. you never know what s to come from this end. but it is the perfect dollar soup that we have at the moment. we ve seen this massive run up in the u.s. currency here over the last couple weeks, especially after the trump win. we ve seen this continuing. some people had repositioned themselves a bit to be a bit more dollar neutral heading into the actual election. afterwards, the feeling is that inflation is going to continue to drive higher, and that is really helping the dollar along as well. it has fallen back a little bit in early trade today. i have to say we have two whole months to go before the actual inauguration. so can we continue to push higher for the next two months? some are sa
this price, taking advantage of millisecond price differences. if you have a tiny little 1/100 percent, talking a dime on a thousand dollar trade literally, on these high frequency trades you can raise almost $190 billion over ten years. that helps finance, as you suggested, universal pre-k for 3 and 4-year-olds, some left over to replace cuts for college assistance. it s a nice way of shaving some of the excess trading off of our markets and taking advantage of the revenue that raises to help do something about the inequality, immobility problem at the low end. you re saying this could significantly reduce the amount of high frequency trading? correct. in order for all that trading to be profitable we re talking about these millisecond trades where the troft motive might be something like a penny or something on a lot of trades. if you have such a small even
his spokesman points out, however, that cohen has never been charged with anything and insists that he has not done anything wrong. mike? lisa, thank you very much. hedge fund money is an entirely different universe, andrew. here is the thing. i know steve. the thing i can t figure out about this is i m not sure that this is some kind of public defiance. i think he loves to trade the stuff. i think he loves big toys. but not necessarily just to show off but it s like he just likes big numbers. it s a very strange thing. but like when i have talked to him over the years, if he has a billion dollar trade or dollar trade to him it s basically the same thing if he thinks he can make more money. my understanding with the house, for example the $60 million house or whatever it is in the hamptons he was buying it with given. it s a game for him in terms i
good evening, i m erin burnett. former egyptian president hosni mubarak has been declared clinically dead. his lawyer and military contradict the reports saying he s in a coma. ivan watson is in cairo want to. ivan, what a day it has been. what are your sources telling you? reporter: good evening, erin. again, these conflicting reports, where we have state media on the one hand saying that hosni mubarak is clinically dead, the 84-year-old president who ruled this country for nearly 30 years. and then we have the supreme council of the armed forces which took over after he was ousted a year-and-a-half ago saying he s not dead, in critical condition, suffered a heart attack and a stroke and has been choppered to a hospital from the prison where he has been held since he was convicted of being an accomplice to deaths of hundreds of protesters here in tahrir square and in other egyptian cities a year-and-a-half ago. and ivan, tahrir square obviously tonight people are still t
wow. well, there s a surprising fact about the artist, carly ray jepson. outfront, next. i m erin burnett. welcome to outfront. outfront tonight, jamie dime on opens his kimono. the ceo of jpmorgan chase gave us all quite a mental image when he testified in front of the senate banking committee in washington about whether the largest bank in the united states has been open about its multi billion dollar trade losses. we generally are open kimono with the regulators and tell them what they want to know. open kimono. sure, that sure sexes up that testimony in washington but maybe he was open kimono about the things he knew about but not about things he didn t, like how the trade in question had morphed out of control. so this transaction that you said morphed, what did it morph into, russian roulette? it morphed into something i can t justify, that was just too risky for our company. he couldn t justify it. it was too risky. it s almost like he s talking about a