And Russian collusion foxes Lauren Blanchard the clock ticking for the U.S. And Canada to come to terms on a new trade deal the deadline is midnight tonight to get the text in to Congress in order to make sure this goes forward so it's either going to be the text goes in with Mexico in the U.S. Or the text goes in with all three countries White House trade advisor Peter Navarro on Fox's Sunday morning futures if the deadline passes without a deal the U.S. Will move forward with a bilateral trade agreement with Mexico Fox News fair and balanced. But keep this documentary specials and will plus your favorite Fox News personalities this is now a time when this is going to be replayed months nation coming soon sign up for updates and be the first to know the Box Nation dot com No clocks news rundown is a weekly morning podcast that dives deep into the Major and controversial stories of the day mostly by the acres of Fox News Radio subscribe to here a perspective of news you won't find anywhere else on Fox News Punjabis. Tucker Carlson there's so much barking and noisy yelling our role is to take three steps back and just what really matters Sean Hannity the most important thing that we do we are looking out for the forgotten men and women in this country. They're going to get a straight shooter no holds barred I'm not going to cut people slack Fox is the one place for dissent is allowed we have voices we won't be signing controls my voice nobody Fox News Channel real news real honest opinion. Officials in Indonesia expecting the body count to rise after an earthquake and tsunami killed more than eight hundred people the country's vice president as to meeting now that thousands may have perished the tsunami waves reached twenty feet high in the island of Zilla Waze with most of those deaths recorded in the city of pallu a seven point five magnitude earthquake rocked that area on Friday ten triggering aftershocks and waves that put the coast under water the disaster affecting two point four million people boxes Jacki Heinrich authorities digging a mass grave in the city of pallu for hundreds of victims a big boost for women climbing the corporate ladder California becoming the first state to require publicly traded companies to include women on their boards of directors critics say the law doesn't include provisions for other aspects of diversity gas prices rising in most places it's that time of year again when winter blend gasoline is begin to make it to your local pump but even though it costs less to produce that blend because of a tighter global oil supply Don't go looking for the. Our prices when you fill up as of Friday the national average price per gallon of gas was two dollars and eighty cents that's up three cents from last week a year ago it was as low as two dollars and fifty eight cents However if you're looking to pay less at the pump go to New Jersey AAA Mid Atlantic says Garden State gas customers are paying an average of two eighty five per gallon that's two cents less than last week that he had lay Fox News Kevin Hart kills at the box office but I'm here now to give you would have to go to night school Q Are. You going to black to say no I don't hear color night school takes the top spot grossing an estimated twenty eight million dollars in its debut the animated film small foot opening in second place with twenty three million last week's number one eye house with a clock in its walls finishing third with twelve point five million I'm Steve Rapaport Fox News Radio. 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No holders have been receiving better returns even ten year note holders now are getting about three point zero six percent on their money amazing in the summer of two thousand and sixteen the ten year note was yielding one and three eighth's percent. And now it's a three point zero six in a matter of a little bit over two years for that to happen look at the Purchasing Managers Index manufacturing figure on Monday that's the mid fifty four and a half that's a good number because readings above fifty are favorable expansionary will get the I A semi new factoring index on Monday morning that estimate fifty nine point nine That index is flying high. And look at construction spending on Monday morning it's estimated that one half of one percent for the month but the year over year right now is close to six percent. The important stuff comes in starting Wednesday will get the A.D.P. Employment report this one is a national report from automatic data processing the payroll firm it's computed from records of the company have for about four hundred thousand U.S. Business clients and about twenty three million employees working in private industrial sectors so it's an important report the consensus one hundred seventy seven thousand new jobs. In that report based on the estimate of economists. Friday we will get the Labor Department report widely followed the non-farm payrolls is expected to grow one hundred eighty thousand pretty close to the A.D.P. Number one hundred eighty thousand the unemployment rate which is now three point nine could go down to three point eight might be very very close might be in the middle of those three point eight three point nine figures and private payrolls estimated to go up one hundred seventy one thousand with the rest coming from. Other jobs and that's the report there will be looking at from the Labor Department on Friday the average work week which is thirty four and a half hours as it estimated to remain unchanged. Average hourly earnings are. Two point nine percent unfortunately two point seven percent or almost all of that has been recaptured by inflation and the Consumer Price Index year over year energy prices have gone through the roof absolutely through the roof and so it's a shame because wage growth of two point nine is one thing but one two point seven goes out the when to do inflation Well there's not much left over at that point Also we'll have a number of the Federal Reserve members out speaking this week will have. A field Bostic on Monday Neel Kashkari from the Minneapolis Fed on Monday Randall quarrels on Tuesday Tom Barkan on Wednesday Patrick Harker on Wednesday Loretta Mester also on Wednesday so certainly be a busy week. For Fed members to be. Voting one way or the other about the economy and oh by the way we'll get jobless claims on Thursday they're estimated at two hundred ten thousand tiny up there as a result of the hurricane struck the Carolinas but not a giant not a giant upward move just a small one and that should pass as the calendar moves along because that weather event was localized as fears it was and it was very severe and the Carolinas it was localized and all of that will be coming out this coming week we'll return with our guest today with us Bob Brinker here it's money talk. Money Talk. 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The era of the electric vehicle has arrived with instant acceleration electric cars are more fun to drive and more affordable than ever electric cars are here plug into the present learn more and plug into the present dot com sponsored by boats like in group of America the national debt is now over twenty trillion dollars What happens next rising inflation drops in the dollar's value of some experts say another crash is coming you can fight this not with stocks or bonds but with gold and silver coins in an eye or a from Augusta precious metals coal a five five eight five eight five eight zero seven and learn how an IRA backed by physical gold and silver could hedge against inflation calling us to precious metals right now eighty five five eight five eight five eight zero seven and get a free gold IRA guide call a five five eight five eight five eight zero seven. 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Me. No matter how modern your family might be if you're peddling around bedrock in a gas engine vehicle you're living in the past. May just get some air out of the electric vehicle has arrived with instant acceleration electric cars are more fun to drive and more affordable than ever electric cars are here again to the president learn more and plug into the present dot com stance or buy votes like an group of. Is money. Coast to coast border to border and the islands of Hawaii and north to Alaska it's America's Money Program money talk Bob Brinker here and we thank you for joining us it's great to have you with us it's also great to have with us during this portion of our program the former vice chair of the Federal Reserve prison University economics professor research associate at the National Bureau of Economic Research and author of one of the truly fine books about the financial crisis after the music stopped book that is on our recommended reading lest in the book section of. I speak of course of Dr Alan Blinder of Princeton University Alan it is not here to have you back with us thanks for joining us you're more than welcome here. I have to ask you ounds been five years since you published after the music stopped and again congratulations on that magnificent tome it's a great one a lot has gone down the last five years anything that surprised you one way or the other. You know I think in a large said no they're always small surprise. All sorts in financial markets and legislation and regulation you know but I must say that one of the surprises oddly pleasant in that I was afraid that after Donald Trump got elected given what he had said there in the campaign there'd be a more full frontal attack on top Frank a law that is supposed to protect us from these kinds of things that were happening again and while there was some change in diet frank I don't think they were terrible and. You know I think the blood and guts of the law so to speak still stands. Now Alan of course this problem of back in two thousand and eight was precipitated by a lot of silly mortgage lending a lot of crazy mortgage lending and what went well that and a lot of things went with it including all of those mortgage derivative send the the chaos that was created in that marketplace. Do you believe changes have been made to prevent that from happening again or is that still a concern well prevent a little too strong but I think you made to make it a little more difficult. There are the skin in the game rules they were terribly watered down that's one of the things I would give a C. Minus to. At best but that's better than an F. So that helps a little bit I think there is still the once burned twice shy principle so we're not seeing these as you just put it these crazy mortgages at least very few of them now and we're not seeing the crazy the riveted that we're layered on top of them you know I always referred to this I did in the book you refer to and many other times as the inverted pyramid you may remember you probably do remember maybe you some of your listeners may remember that when this mortgage bubble burst both Hank Paulson who was then secretary of the Treasury and Ben Bernanke even chairman of the Fed said in various ways well it's only two hundred billion how bad could it be well that ignored all the crazy derivatives that was the bottom of the pyramid and then this inverted pyramid went to trillions I don't see that now. Alan I know you addressed this in your book but for our listeners when you look back it at the depth of what occurred in two thousand and eight in it was definitely a nightmare and it was definitely the worst thing since the Great Depression in terms of the U.S. Economy without question when you look back and well never forget the temper of two thousand and eight with the Lehman deal and everything else I mean that was a weekend to forget but unfortunately I think we're all going to remember that when forever. When I look back on that and I look back on their early warning signs the pair Stearns deal in March is the one that just jumps off the page I always ask a question I'm not suggesting you'll be able to put the rest but I have this nagging question. Why wasn't anybody at the end I know you weren't there this is not on you but why wasn't anybody at the thing why wasn't anybody in Washington not really mean the politicians because they're not economists for the most part but I guess really why wasn't anybody at the Fed able to see this coming well. I think what the Fed didn't see coming. Is not that Lehman Brothers and other broker dealers were in bad shape they saw that coming very much I think what they didn't realize was how big and thick this web of derivatives just was speaking about and you mentioned. Was and other entanglements first of all Bear Stearns where I think they did realize it but then of Lehman Brothers later I don't think they realized how many strings would get pulled if Lehman Brothers plunged to the bottom of the sea which it did they knew it was going to be bad I don't think they realized it was going to be as bad as it turned out to be. Allan just being from myself I think that Fed chair Ben Bernanke he did a really good job overall good grade the worst imaginable time to be fed chair I can't imagine a worse time other than the one nine hundred thirty S. To be fed they didn't do very good either back then or well that but but I can't imagine a worse time in the modern era to be fed chair than when Ben Bernanke he was fed chair I think he did a pretty good job I think most people would agree with that and yet after a relatively short tenure he decided you know when I'll do something else do you have any insight and insight into why that decision was made well I think first of all you know you I'm sure it didn't seem like a short time for Ben No it didn't. It was eight years OK Now there have been fed chairs that have served more than eight years prominently Alan Greenspan he comes to mine. More than eighteen years but yeah a lot of the Greenspan period with placid I think the biggest reason is that he was flat out tired. I don't want to be beaten down by price just that his performance after the Lehman Brothers catastrophe if you start dating time from that forward with you actually good. But he was he was he was tired very. Understandable understandable for sure moving to the present I want to make a comment and get your response to it I've been pressed in watching Jay Powell and his media conferences talking about monetary policy trying to communicate to the financial community and the country at large and he has I mean I did know him well I know you know him but I didn't know him at all and I think that he has been a really pleasant surprise in his communication skills at those media conferences What's your take I think that's exactly right you know you never know because he was there on the board of governors for I guess six years before he became chairman but if you're a member of the board you're not meeting the press the way the chairman of the board doesn't now by the way as you know he's going to start doing it in the next year every single Fed meeting every. Second So I think. If you knew him your best guess was that he would handle this well but you never know until you see it and as you say I think he's handled it spectacularly well it really he gets up there and he looks like he's been doing this for years. From your point of view Dr Blinder this change and I thank you for bringing it up this change that Jay pal announced recently that he's going to go to a media conference every meeting and to tell you he's really good at it and then I think it's a great idea what meaning does it have in terms of monetary policy i