glenn: there is a long lag time from when they pump the oil in the ground and ends up in the gas tank. the oil price went down again. as long as we have the easy money policy, ben bernanke is responsible as barack obama for the bad economy. absolutely. charlie gasparino, steve moore, pleasure. thank you very much for joining us, guys. great to be with you. always terrific. today in washington, tim geithner, treasury of the secretary is giving advice to the chinese on what they should do with their currency. what a laugh. shouldn t the chinese be giving us advice on the borrow of hard work and savings? with me is the perfect person to talk about it, global investor and legend in the commodities game, jim rogers, chair of rogers holding. he has spent time in the far east and is raising his children to be fluent in mandarin chinese. pleasure. welcome. deliberated to be delighted to be here, judge. what do the chinese know that we don t do? they work hard and save their m
glenn: there is a long lag time from when they pump the oil in the ground and ends up in the gas tank. the oil price went down again. as long as we have the easy money policy, ben bernanke is responsible as barack obama for the bad economy. absolutely. charlie gasparino, steve moore, pleasure. thank you very much for joining us, guys. great to be with you. always terrific. today in washington, tim geithner, treasury of the secretary is giving advice to the chinese on what they should do with their currency. what a laugh. shouldn t the chinese be giving us advice on the borrow of hard work and savings? with me is the perfect person to talk about it, global investor and legend in the commodities game, jim rogers, chair of rogers holding. he has spent time in the far east and is raising his children to be fluent in mandarin chinese. pleasure. welcome. deliberated to be delighted to be here, judge. what do the chinese know that we don t do? they work hard and save their m
he said the fed kept short term rates low, not long-material rates like 30-year mortgages. he says the long-term rates in part unflatted the housing bubble, though there are prominent analysts say that s wrong, that the fed s easy money policy flooded the market with cash and they say it made that cash made it easy to get a mortgage or invest in the housing market. megyn: i understand as you ve been watching this thing, something bizarre happened during his testimony. they are supposed to have a report on all this and the panel has been going through all its investigations. meanwhile, congress has been writing new rules for months for wall street, so there are reports this commission is understunnedded underfunded, they had to borrow another committee room and making it worse, the lights went out in the middle of today s hearing, they had to open up the windows, continue with sunlight, megyn, they had trouble getting the lights and microphones to work, and all this among reports
an early look at how wall street will kick off the day after the long holiday weekend. the dow opens at 12,505 after climbing 52 points on thursday. the s&p added seven and the nasdaq rose 17. taking a look at overseas trading this morning. in tokyo, the nikkei lost ten points, but in hong kong, the hang seng gained 242. is the fed ready to end the easy money policy? that s the big question on the minds of investors this week as the federal reserve begins a two-day policy meeting tomorrow. policymakers will discuss interest rates and the fate of the recent $600 billion bond-buying plan to boost the economy. then following that meeting on wednesday, fed chairman ben bernanke will make history at the central bank s first ever press briefing. the new media friendly policy is the fed s attempt to be more clear about what s on its mind. the average price of regular gas is now up to $3.88 a gallon. this week we ll find out if the rising fuel costs are draining