Here. Our next guest is very exciting to have him join us on the stage. Uri and i talked a little bit about a. I. Elons not a fan, uri is. Either way, the future is here. So please welcome to the stage dr. John kelly from ibm and our moderator, alex wilhelm. Okay. So were going to try to be different today. Were going to do a live demo which i props you works this morning promise you works this morning. Well see. What were about to see and why do we care . Well, alex, what youre about to see is something that no one else has ever seen other than people deep in my research labs. Many of you remember watson, the Artificial Intelligence machine, on the game of jeopardy. At the time it was an open domain, question and answer system at the forefront of Artificial Intelligence. Fast forward to today, what youre going to see is watson has ingested all of wikipedia and not only answers questions, but reasons over that and form opinions on any subject. Okay. Lets, so the tech guys can make it t
Deductibility of that Insurance Premium in calculating your federal income taxes. And it particularly helped low and middleincome people deduct the amount they pay for private mortgage insurance. And therefore, what does that do . That helps folks like that to buy a home. Is it home isnt homeowner ship something that is desirable in america . I think so. Well, we better pass this tax extenders bill. And ill give you another example. Excluding foreign excluding forgiven mortgage debt from income. It allows people to exclude forgiven morning debt from their income. Why am i raising this . Havent we just gone through the worst recession since the Great Depression . Didnt some people get so upside down in their mortgage with their mortgage being at this level but the value of their home dropping to this level, so that the mortgage that they owed was such greater amount than the value of their home, and so they try to work with the purchaser and the bank that has the mortgage so that, calle
We want to go outside of washington today to get your thoughts on your congressional partys leadership. The numbers are on the screen. You can also go to social media. The phone lines are open. We will get to your thoughts in a moment, but first we want to show you what the majority leader in the senate, Mitch Mcconnell, had to say on the floor yesterday about their new majorities majoritys legislative priorities. [video clip] this november people did not ask for a government that tried to do everything and sales and they didnt ask for government that aims to do nothing and succeed. They asked simply for a government that works. They want a government of the 21st century. One that functions with efficiency and accountability, competence and purpose. They want to washington that is more interested in modernizing and reminding government then adding more layers to it, and they want more jobs, more opportunity for the middle class, and more flexibility in a complex age with complex demand
Campaign on rebel held areas, civilians are under fire almost 400 rock newman show, and bangladeshi refugees have been brought ashore. The latest group is part of a problem with thousands fleeing myanmar and bangladesh. They make their way across the andaman sea hoping to find a better life in malaysia thailand and malaysia. An emergency meeting is being held with foreign ministers. Rob mcbride is in the capital. We are waiting for a joint statement from the meeting. What is the response likely to be . They have been meeting with ministers from the fully countries concerned. The statement is overdue. According to human rights groups, joint response a proper response is long overdue. There has been a lot of criticism which all three countries have felt about the way they have handled the developing crisis that is pushing the boats away from their own territorial waters into their neighbours is not good enough. We are expecting the statement to come any time now, and looking for a concer
And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe