Before we get started, we have breaknews. Lets get to Steve Liesman back at hq. Steve . From a Trump Press Conference to liesman on big numbers on debt, huge numbers. The new york fed saying Household Debt rising by 226 billion in the Fourth Quarter of 2016. That is the biggest jump in Household Debt since the Fourth Quarter of 2013. It is now at 12. 58 trillion, the biggest number since the Fourth Quarter of 08, which youll remember is right around when it started to decline with the financial crisis. What led the way . Mortgages at auto loans were behind this rise in Household Debt. But interestingly, bankruptcies and foreclosures reached an 18year low, which is the history of this particular survey. So, those rates are really well down. Youre not seeing a rise in bankruptcies and foreclosures, even while youre seeing the rise in debt. Credit cards and student loan balances were also part of the increase. Carl, we dont know if this is part of the trump phenomenon, the post confidence
Couple of political blows to the donald trump administration, he revealed that the fbi is investigating whether any of the president s associates collaborated with the russian government during the election campaign. He said there is no evidence to back up the president claimed that he was wiretapped his predecessor. In europe, french president ial front runner Marine Le Pen and Emmanuel Macron went after each other in a televised debate, she attacked his record and call for a ban on all immigration and a 35 tariff on certain imports. Macron blasted her for her lack of ethics. A former Irish Republican Army commander who helped negotiate peace in Northern Ireland has died. He was 66. He denied allegations that he took part in terrorist activities during the time known as the trouble. He later became the chief anotiator negotiator for arm and eventually became a leader in the powersharing government. A former south Korean Leader has appeared for questioning for the First Time Since the
Classes for you. Futures in the United States, the s p 500 on a three day losing streak. Look at the euro. 1. 08. The politics, the risk diminishes a little bit. A confluence of different pressures taking us there. Alix part of that has to deal with the new pressures. The pound, look at that, 1. 24. That is up 0. 8 . Gold is going nowhere. It is treading water. Crude oil is up about 0. 6 . Jonathan we start with the French National debate last. Macron and le pen coming out on top. Our Deputy Europe chief covers french politics joining us now. Lets start with macron. Where did he strike his blows . I would caution you on saying this is an actual win for him. He went into this as a potential frontrunner, tied with le pen. What he needed to do was maintain that position. It is fair not to say that he maintained that position. Two polls since the debate last peoplehow that 29 of thought macron did best in the debate. That is better than anybody else. That is a good thing. He probably conso
I might have met one yesterday, patrick harker. The new philly fed president. Has a business background, academic background. Went to the university of delaware. Interesting guy. Has a Civil Engineering degree and a master in economics. He was trying to be a homer. I know. I got it. I was ignoring it. Thats your first meeting with this guy . Yeah, it was. Hes not as hawkish as charlie plosser. Much more down the middle. Love charlie. Hes on board with a few rate hikes, but not in a hurry to do more. Three more or three total . Three total. Two more. We had kashkari on yesterday. I know. I saw that. You did . I read the transcripts later. You did . Yeah. Some people with that viewpoint like the interview, my viewpoint. You heard, if you read you know what i was saying to him, i think hes crazy. Right. Because youre close enough to the statistical Inflation Numbers to where if youre at all forward thinking at all, now is the time. He just kept trying to defend that position. I thought wh
Honorable [reading names] mrs. Megan buyer and the honorable john mayer junior buyer junior. Mrs. Rew peterson and mr. Andrew peterson and mrs. Mr. Craig peterson. Montgomery and mrs. Pauline montgomery. Ms. Cynthia horne and ms. Cassidy horne. And mrs. Nd mrs pamela ehrlich. Mr. Mark alexander. The honorable jack reed, u. S. Senator of rhode island, and mrs. Julia reed. The honorable gerald connolly, u. S. Representative, virginia, and mrs. Catherine smith. I am honored to be at the last state dinner. Tonight only, i pronounce my name cannoli, not connelly. Connolly. E and mrs. Rence pag lesa page. [reading names] mr. John rogers junior and ms. Marion brooks. Mr. Stephen hightower. Mr. Allen cello and mrs. Andrea solow. Lo and mrs. Andrea solo. [reading names] mr. Joseph del rosso and mrs. Ann del rosso. [reading names] mr. Thomas shannon junior. [reading names] the honorable jane harman and mr. Robert dickey. [reading names] ms. Colleen Mccain Nelson and mr. John nelson. [reading nam