daybreak:europe. ? are you a believer? ? do you believe in the great global equity market rally? the all world index hits a new record, the first in 18 months. driving theses markets. the s&p has had the longest winning streak in 18 months. run since donald trump was elected president. in terms of the voices from executives around the world, a record 51% are optimistic on the course. world, and msci small businesses are the most optimistic since 2004. investors inspect 23% of infliction inflation at a four-year high. janet yellen told the market that she faces the risk of not being fast enough, the market added 380 points. it carries through across the complex. even those the stock markets vix, i yesterday, the want to draw your attention to this, a real volume trend in the market. the volatility index is rising by 11% yesterday. 11.97, that s a move you want to keep in ion. down .25%.is yields are negative for the first time since 2013. one commentator saying we ve passed
of the series. cbs 2 s otis livingston is reporter: this is the first- ever playoff game here at citi field and as if this place need any extra juice, chase utley s hearing for the two game suspension after taking a tonight s game, so while he s not in the starting lineup, public enemy number one could injure the game as a defensive replacement or pinch-hitter, that has mets fans fired up. shock, despair and pure anger. i want chase utley s blood. boiling. how can i say this nicely? i don t want him to be breathing anymore. chase utley going hard in second. reporter: clean or dirty, everyone has an opinion but major-league baseball admitted the mets last game 2 on a dirty play. the question now, will the mets retaliate? their game three starter is matt harvey who has a history of plucking utley. as far as to the former teammates, being out there is what i m going to do. all i know is four years and years and years as long as the game is played and we know there
thank you, mr. chairman. to other members of the committee, i appreciate the opportunity to be heard today to discuss the cbs outlook for the budget and economy over the next 10 years. our analysis shows the country continues to face very large, economic and budget challenges. let me discuss the economy first and then i ll turn to the budget. we anticipate economic growth will remain slow this year because the gradual improvement we see an underlying economic factors will be offset by tightening the federal fiscal policies scheduled under current law. .. the cuts in federal spending scheduled to take effect next month lemine reduce spending by households in the government. we protect inflation-adjusted gdp will increase by about 1.5% in 2013 but it would increase roughly 1.5 percentage points faster were it not for the fiscal tightening. under current law then, we expect the unemployment rate will stay above 7.5% through next year. that would make 2014 the sixth consecutive