Warm welcome to Worldwide Exchange this friday morning on cnbc im wilfred frost. Im seema mody in for sara eisen today. Good morning to you. Good morning to you lets check in on the Global Market peicture this morning. A day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. S p up 5 in premarket trade. Yesterday financials played catch up having lagged the market for most of the week. But for the week as a whole, energy the clear winner with oil prices rising. That sector up 4 in the s p tenyear treasury note for youful yieyou. We started the week in the low 2. 4s, ending at 2. 456. The 1,000point run weve seen in the dow is the fastest in history look at asian equities, japan seeing its biggest oneday gain in over a year you can see here on friday closing higher by nearly 1 . Softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better than 1 on the day. In europe, the
Attention to that and done a better job. And if we havent made real discernible progress in that the next several years thenly be disappointed in myself and in the bureau . Very short answer to this one, is there a political future for Richard Cordray . Which would consider running for an Elective Office in ohio . Its not a political job. I understand its a job done in a political con teblings but its a federal context, but its a federal job and thats how i see it. You can send more questions morningmoney if you have something in mind get it ready in the next few minutes. One good question that came in how does this cfpb choose the market and which authority . How do you pick in the nonbank area what you focus on and which tools you use . I think your question there just illustrated there are a lot of choices to be made in terms of how to prioritize our resources and our work. How do you pick in the nonbank area what you focus on and which tools you use . I think your question there ju
Coast is reborn. Battered but unbound. Wreckage cleared. Communities restored. The long journey back to the home almost lost in the storm. Good morning, david. We all remember what it was like, almost five years ago and i certainly remember being here the morning after and just the destruction, but today is a new day and with bob woodruff reporting live from new orleans, were going to talk about the renewal and the rebuilding of this beautiful region and then a little bit later, my conversation with former First Lady Laura Bush, her attachment to the children of this region as well. David . And i know i speak for everyone here on the floor, it is so great to see robin there, back in her hometown. And she has the story of an extraordinary comeback this morning. Aswe say good morning, america, from new york, as well. George is off this morning. Hell be back on monday. But theres breaking news to get to off the top. Stunning new video of those trapped miners in chile. Authorities dropped
This is 45 minutes. Gentlemen, please welcome politicos chief economic correspondent, ben white. [applause] i am the chief economic reporter for politico. Author of the Morning Money column. On my note, it says it is a must read for anyone who cares about wall street. I do not know if it is a must read, but we hope you read. We are honored to have the director of the Consumer Financial protection bureau. A few housekeeping notes. If you have cell phones, we would be happy to have you tweet the event. Just turn them on vibrate. I have a tab to get twitter questions if you have those for me. I would like to thank the foundation for their partnership. We are appreciative of their efforts. Here to say a few words is michael peterson, the president and chief operating officer. [applause] good morning. Welcome today. The nonpartisan mission is to increase awareness and accelerate action on americas longterm fiscal challenges. We just made it through a government shutdown. We just have a coup
Reviews were done in an adversarial basis and therefore had to be changed somewhat. If thats true you dont agree with it, why did you agree to stop sending enforcement lawyers . There was a certain message from that practice that was not the message that was intended. Weve been working hard to integrate our supervision and our enforcement elements of the bureau. Were a little different animal certainly a different animal from my experience. I had Enforcement Authority but i didnt have any sort of Examination Authority or supervisery authority. Its something i had to learn about when i came to the bureau. Most of our enforcement attorneys are in the same boat. They need to understand how the examination function works and how it is getting to a similar result. They have to understand how enforcement works when its an appropriate tool and when its not. In attempting to integrate this is one of the early judgment wes made two years early on. It seemed to me that this cost were outweighing