You know, clinton has been pushing this thinking that the wealthy should pay for. Those are part of her proposals. Indeed with her tax returns it shows just that. Clinton paid an effective federal rate of 34. 2 . State, local income rate of 9 . Add up you get 43. 2. The clintons donated 9. 8 of their adjusted gross income to charity. Theyre trying to push this number, campaign, since 2007, the clintons have paid 44 million, 44 million in federal income taxes and also in that time frame, some 15 million that they have donated to charity. With it, Hillary Clinton has also put out a statement, which reads, and i am quoting here. Families like mine that reap rewards from our economy have a responsibility to pay our fair share. And it is not just the right thing to do. It is also good for growth. So we had Hillary Clinton yesterday, in the detroit area, once again lay out her tax plan which she talked about the wealthy need to pay their fair share, buffett rule. If you make million you need
Precisely two years ago today, february the 13th of 2014. Well let them play it out there at the end of the overture. The 10year hit 1. 53, up 11 basis points since that low and oil is coming back after these opec headlines that well talk about in just a moment. A wild last 30 minutes and weve had disappointing numbers out of europe. The banks over there are suffering. Well talk about that with some of our guests coming up here and the impact thats having on our markets as well. It started in the overnight session today and it looks like the worst of it happened just as markets were testing that 1812 level and falling through it and this news out of opec, the u. S. Benchmark has moved up more than 3 off the lows of 30 minutes ago. Well get more insight from former leaders in the financial space over the next two hours about whats happening across the Financial Complex here. Peter sands is joining us and citigroup vice chair bruce rhodes and former wells fargo ceo. Not just the banks. L
50s, 60s, 70s first, the positive spin is that it is out of recession. We did see some signs of life. It wasnt what economists were expecting. I think a big part of it was the big revision down, the thirdquarter gdp number. It was worse. Deeper than first thought. The initial read was negative one point nine. That brought they brought that down to 2. 3. We are looking at growth. The annualized figure is 2. 2 . The estimate was for 3. 7 . The Third Quarter revise number was down to 2. 3 . The recession was a bit deeper than expected. What was the reason for the weakness here . Lets talk about that a little bit. You had the export numbers were quite good for december. But the underlying demand spending, isnt quite where it should be. Lets listen in the hsbc japan economist was here. Listen in. Export is looking quite strong due to Strong Demand in the u. S. But Household Spending is still under pressure. I think that is going to be the case unless we get a big round of wage revisions sta
Excited to have me here. I responded. Was that you . Good to see you in the world. Just to tread lightly and question the status quo partly for me what i feel is a visible position i am a private person, and i use twitter more for professional services, so you will see me tweeting things like we issued our transparency report. That is the kind of thing i want people to know about. I know there are a lot of other people tweeting about seeing their daughters first steps. My daughters first steps were experienced by me in the comfort of my own home and were not disseminated in this way, but that is up to each on their own. Dean lyons i tend to use it professionally as well as well but occasionally i will tweet about my kids, and it sounds authentic to them. I think they respond favorably. Gabriel it is lovely. It is lovely. As a user, some of those moments where i get to see this unvarnished look at people ive never would have had access to i love those experiences. To be able to be expos
At the sec who have been very helpful. And rich cordray and his team that have been very helpful. And industry stake holders with whom weve met with regularity because theyve been very helpful in enable ling us to understand the Business Model and how you thread the needle. I think it is a false choice to suggest that the only way to continue the business of providing Financial Service advice to folks is the status quo. I categorically reject that. You know, i have heard from some, i dont understand the problem youre seeking to solve. And with all due respect, i dont i cant believe that you dont understand the problem that were seeking to resolve. I really dont. And i dont mean that disrespectfully. And fortunately, i have heard that less and less in recent months. I heard that at the outset. And i hear that less and less. And that is the good news. And so what are we trying to do with our proposed rule . Were trying to solve the problems that have afflicted so many people. You know, i