From the role of the u. S. Dollar as the dominant reserve currency or from the role of the United States as a safe haven for capital. Theed we might say, one of key things that the United States produces is a social does serve so well as a safe haven for saving some capital. You could say that what john makin, liked to call the wealth Storage Service effectively is traded internationally for net imports. Have a truly distinguished panel to address the economic questions of trade deficits amidst the current Political Forces in play. Each member of the panel will speak for 13 to 15 minutes, opening comments after which, we will give the panelists a chance to react to ideas and clarify their points. After that we will open the floor to questions and will adjourn promptly at 00. At 12 00. L, thewill be jeff franke professor of Capital Formation and growth at harvard university. He is on the Business Cycle committee and previously served on the council of economic advisers Whose Research in
Credit reporting agency equifax. Last month the Company Revealed it had been hacked, potentially compromising the data of 145 million people. Since then, the ceo stepped down and apologized. Several other executives also left. There are investigations by federal and state agencies includg the department of justice. Now today the company said it was looking into a possible second breach but later in the day reversed course, kind of, instead of putting the issue on a Third Party Vendor. Andrea day explains. Reporter it comes just one month after the credit giant disclosed a hack that compromised Sensitive Information of more than 145 million people. Then today equifax, taking one of its consumer web pages offline, the same page people use to dispute issues in their Credit Report. This is all after an independent security analyst discovered that equifaxs Credit Report assistant link contained malware. According to the website, visitors were tricked into installing fake adobe flash updates
Becomes the first world leader to meet u. S. President elect donald trump since his election win. Back in japan the boj fires a warning shot at the bond market, announcing its first offer to buy an unlimited amount of securities to maintain its yield curve target. We also look to a Rate Decision from a country whose currency has been battered by trumps election. Will mexico hike rates . Anddoes president obama Germanys Angela Merkel meet for farewell talks, what will trumps policy mean for europe . Plus, trump versus trump. How Donald Trumps business interest could see the president elect face more conflicts of interest than any other administration in u. S. History. First lets get the bloomberg first word news. Heres nejra cehic. Nejra a key member of donald says the Incoming Administration is exploring ways to fund fixing roads and bridges , including an option proposed by hillary clinton. Steve talked to the socalled infrastructure bank, something trumps team had slated as being con
Asa assurance that is not the case. And this morning secretary kerry was on tv acting like that was the case. I felt reassured yesterday. This morning it was seen we were going to do that. So i would like your response. I think you know there is bipartisan support for new sanctions authority in response to irans repeated Ballistic Missile launches. I think the repeated ballisic it missile launches and the desire to purchase weapons from russia prove an increase push back if necessary. I hope you can help us answer these questions in a constructive manner so we know what the administration is thinking regarding these important matters. I want to thank you again for your service. I am glad you were confirmed in the timeframe you were. We appreciate you being here. I will turn it over to the distinguished Ranking Member ben cardin. Thank you, mr. Chairman, and thank you for convening this hearing. As we look at how we are going to look at the postjcpoa era. Ambassador shannon, it is a ple
Yes. Some parts also seeing rain. It will get better. We will get this rainout of here, we talk about it, and second half of the weekend for sure, that best time to be outdoors. Like i said, possible to see little sunshine, today specially later this afternoon, if you are lucky, really depend where you are. Check it out, what we are talking about. There go. Blue skies, live look from cape may township high school, enjoying brief break in the overcast skies. Right now, still threat, for some showers. You can check out the storm system over us right now producing some light rain, drizzle, across philadelphia, some steadier showers, parts of salem county new jersey, camden, gloucester, even toward wilmington, delaware, part of southern New Castle County delaware. So still, through the morning, few scattered showers, some light drizzle possible, it is chilly, 40s to about 50 degrees, what we will be dealing with for the next few hours, but if you can break out to little sun, temperatures w