good evening, everyone, i m ayman hohyeldin, welcome to the coverage of the 2024 white house correspondents it is the night where washington, d.c. needs hollywood. you re looking at life pictures from inside the washington hilton hotel where hundreds of journalists, lawmakers, officials and celebrities are eagerly awaiting the introduction of the evening s most important guest, at any moment. post colin jost, vice president kamala harris and and of course president joe biden are all expected to make their way into that ballroom. the annual dinner began all the way back in 1921 as an effort to raise money to support the journalists who cover the white house. association provides scholarships for future reporters and works to educate the public about the value of free press. tonight s glitz and glamour provides at country contrast against the protests across the country continue to grow over the u.s. support for israel s war in gaza. demonstrators gathered in front of the hotel
could hurt economic progress. there was also some discussion of alternative framework on the committee. this is important because president john williams of san francisco has been pushing for consideration a price level targeting or an alternate inflation regime as the fed deals with zero lower bound policies going forward. there is some note they might drop balance sheet language in future statements. much,t: thank you so reporting from the federal reserve. joining us with more insight on austan policy is goolsbee, a hazard economics at the university of chicago business school. a former chairman of the u.s. council of economic advisers under president obama. great to speak with you again. you heard from jeanna about the highlights from the fed minutes. near-term rate hikes in december has warranted. they have reaffirmed the view a gradual approach to increasing the target range is likely to the dualbjectives, mandate of maximum employment and controlled inflation. price sta
mark: police say the driver is an australian citizen of afghan descent who has a known history of drug use and mental health issues. u.s. senate majority leader mitch mcconnell says he doesn t expect the chamber to take up changes on the welfare system in 2018. he addressed the issue at an axial s event in washington. i think the democrats are not going to be interested in reform, so i don t expect to see that on the agenda. what the democrats are willing to do is important, because in the senate, with rare sections with rare exceptions like the tax bill, we have democratic involvement. mark: he added infrastructure is a key objective or next year and at a minimum he expects technical corrections to the bill. all remaining significant evacuation orders in areas the smoldering remnants of southern california path huge wildfire have been canceled after a new round of winds cause activity. warnings of high fire risk were canceled for santa barbara county. in ventura county
the oil markets. first, stocks kicking off the first trading day of the new year on a high note. and if the january effect plays out, today s gains could be a positive sign for 2018 bob pisani here with the story bob? reporter: yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. lot of interest in that. we see retail stocks doing better we see energy doing better here s something curious, the banks are not participating in the rally. i find that interesting given that the ten year s been moving up utilities have have been a loser for a long time. that s no surprise here. look at some of the big banks. come over here citigroup here down 0.4% on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. we asked our friends to take a look at the last five or six years in january it tends to be a down month. nasdaq and the s&p and the dow industria
let s start in the business section. a story that is fascinating came out a couple of weeks ago. it is about a trifecta of well-known individuals, jeff bezos, warren buffett, and jamie dimon talking about fixing the health care system. the biggest guys around. the details on this story remain hazy. what will be the solution in health care? how are they going to try to fix this? they re trying to find a ceo who can spearhead this initiative in the three companies. what is interesting, and we pick up the narrative, the reaction within the industry. the health care industry, amazon is at the door, this is a big deal. that is where we picked up. julia: this is not what we were expecting. we should make the point that at the moment they are tackling the situation with their individual companies. what does this mean for the individual players, the insurers, the pharmacies, the middlemen? carol: pharma, right? right. all of this is a massive cocktail of what is happening in heal