President. That was then. A lot of people think it is fundamentally different this time. All of this is really catalyst, via a virus. But again, one of the interesting things im also following is that we still have negative Interest Rates at the very, very front of the socalled yield curve. One month and threemonth bills are still in negative territory right now with the one month bill at negative. 117 , the three month bill at negative 0. 348 . I hate to add that. That is actually good news. People dont look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. A lot of people look at that, say, what the i will take my chances in the stock market. At least with conservative investments and dividend yields north of 3 i could do better almost doing nothing. That is the view. It benefits stocks. The fact we think were over the worst of the potential Economic Impact of this. That might be premat
Announcer publishing great steve forbes at the detroit economic club. [applause] i have been asked today to make some observations about the economy and the elections. That is one reason why we did the documentary a little over a year ago. There is a feeling of the country even though we are doing well economically, things are still not quite right, and people cannot quite put their finger on it, but this year in the election, we will have one of those unusual elections in the United States, even though the campaign started in a rather uninspiring manner. No one would confuse it with greek philosophers debating life or the lincolndouglas debates or anything like that, but there are going to be very basic questions. The most basic one of all is what kind of country do we want for the future . We have had these debates before. We had them in the 1850s before the civil war. Which them in the 1890s, people do not recall today, but in the early 90s, people were in turmoil. There was great c
Republican Senate Finance committee chair, Chuck Grassley who joins us right now. Thank you for coming. Glad to be with you, neil. Neil what does your gut say how long it could last if it gets to the senate . Chuck schumer is demanding witnesses, wants to speak to mick mulvaney, chief of staff, john bolton, a host of others, where do you think this goes . I dont think there will be any decision on bringing people in for questioning until after we had the Opening Statements by the prosecutors coming from the house of representatives and by the president s response to that, his lawyers responding to that. And then at that point, there might be some debate of that. But i think that the idea is not to prolong this, to give a fair trial and reach a decision based upon well thoughtout testimony for and against the president but not to make it any longer than necessary because the senate has a lot of work to do and, and we want to get to that work. Neil as you know the president seems to be,
We begin with an unforeseen impact of the trade war. It is hitting home in places you may not expect colleges and universities. Many foreign students pay full freight for college tuition. Now there are fewer and fewer enrolling. How are colleges coping . One school came up with a new approach to ensure its future. Tuition 101 is our cover story robert frank has more. Reporter as colleges and universities brace for a decline in the number of Chinese Students one school has found a solution, insurance. There are more than 360,000 students from china who study in the u. S. Every year a number that is now under threat as the trade war makes visas and jobs for chinese nationals harder to get. University r the university of illinois is prepared two years ago, a school bought an insurance policy that would pay out if there is a substantial drop in revenues from Chinese Students. The insurance was the brainchild of jeff brown, an economist Whose Research focuses on insurance and on Risk Manage
Of Affordable Housing, a review of the Trump Administrations plan to change Housing Finance in america. Before i recognize myself members, today is [inaudible]s birthday come back if anyone wishes to sing happy birthday please save it until later. [laughter] we all thank you for that. Happy birthday. We now recognize myself performing its given soft Opening Statement. Good morning. Today we are here to discuss the impact of the Trump Administrations house and finance reform plan. We are joined by treasury secretary steve mnuchin, hud secretary ben carson and federal Housing Finance agency director. Welcome. Let me say that the Trump Administration Housing Finance reform plan would be a disastrous for our system. The trump demonstration is threatening to end the conservatorship of the government sponsored that is the gses. Would ask National Action to provide and expose the government guarantee. It is implement it in this way and is likely create turmoil in the Housing Market will preve