Wednesday october 12, twonet 2016 and the time is 901. Roll call. Cuv covington, here. Cleveland rkts here. Nakajo, here. Hardeman, here. Joanne hayeswhite, here. Public comment. Speakers address the remark tooz the commission as a whole and not individual xhirgzs or personnel. Commissioners dont into debate with a speaker, the lack of response by commissioner or Department Personnel does not constitute agrumentd with or support statements made during Public Comment. Thank you, madam secretary. Excuse me. Is there any member of the public that would like to address the commission at this time . Welcome. My name is catherine [inaudible] as members of this department there are additional allegations regarding the station two situation that hasnt been addressed or investigated. I respectfully request the administration the elephant in the room and Management Practices which are the bigger picture. For the record, i worked and been in dangerous situations with the accused and never felt ha
Price hike spreads but thats not the whole story. Mylan raised prices more than 100 for 7 products over the last 6 months. Those details also coming up. Cash burn isnt always a bad thing. Well talk to the man known as the dean of valuation about which stocks with negative cash flow he says could be good investment opportunities. Aswath damodaran coming up. Nasdaq and s p could be in record territory dow. Bertha coombs, whens happening . You know, kelly, this is like the Rodney Dangerfield market. Nobody gives it much respect yet the nasdaq continues to grind to new highs and seeing some of the small caps catching up to the big cap indices. Russell 2000 within 3 5 of the alltime high set 13 months ago and this is a big laggard and momentum continues to be in big tech. Chips seeing a new 16year high. Dating back to october 2000. Broadcom among the chip stocks today at record highs. The sector up 16 since the start of july and a big comeback before brexit. Big cap seeing more momentum. So
Charters biggest shareholder is billionaire john malone. Charter tried last year to buy Time Warner Cable, but that offer was rejected. Once again greece is trying to resolve its differences with europe, so yet more bailout money. Talks resumed today between greece and the imf. Greece is running out of money but european lenders will not release the bailout funds unless the greeks promise reforms on labor and rules. The biggest political up saint a decade. Polish bond yields rose after andres bruno was elected president. He also said said vice chairman sally fisher says the central bank is playing a waiting game when it comes to Interest Rates. Says of the fed raises rates too quickly, it will be difficult if the fed if the economy does not take off. We have another phrase. Our processes are not date determined, they are data determined. Wait and see what happens. We do not have to announce we are going to do it in september. If the economy is growing slowly, we will wait. Vonnie Stanl
Service, im sorry, fidelity, but 50,000 which is i believe relatively small balance all in concert twice and product under 50 basis points. Can i jump in wax i think the best interest contract is simple. Its just a thing make promise to clients youre putting their best interest first, develop policies to make sure your monitor your employees and be accountable if you did not do that. This 400 pages of proposed regulation are proposed regulation. The department did not comport think this is the point and this is what we are doing. They invited extensive on every piece of the regulation and the exemption in the best interest contract. It was remarkable to me when working on this to see a much they dont have in common. Everyone is trying to get people to save more for retirement. The decisions are complicated. Its on us to manage our Retirement Savings. The goal here is for people to come forward from all sides all perspectives until the department how do you make this more workable . How
Major talk of parents, to respect policemen when Police Stopped them. I think it is very necessary for us to talk about parents while we talk about police. [indiscernible] host willy bringing up what we heard from the last couple of viewers, that there is a societal role here as well. If you want to look at more at the Marshall Projects work, you can go to the marshallproject. Org. You can follow them on twitter. Simone weichselbaum is a staff writer for them. Thank you for talking to the viewers about your work. Appreciate your time this morning. Guest thanks for having me. Host that does it for todays washington journal. We are going to bring you now to the Labor Department. They have recently called for new Consumer Protections. Jeffrey science is a keynote speaker today Jeffrey Zients is a keynote speaker today. He will be talking about regulation of retirement Financial Advisors. Live coverage here on cspan. [captions Copyright National cable satellite corp. 2015] [captioning perf