He was looking at a way to demote jay powell so he wouldnt be chair anymore, not fire him. I think a lot of people think it would be against the law. I asked senator tillis from north carolina, who is on the finance committee. He thought maybe it was possible. President , ithe is his administration. He should look at everything he can do within his legal authority. I havent reviewed the legal analysis, but theyve got a lot of smart people in the white house. It probably is within his authority not to remove him, but potentially consider another chair. David it sums like if you were to do that, the Republican Senate wouldnt stop him. Alix well no, of course not. Someone, who would he pick . Of uld be the perfect the perfect dove . David i think you will come out for blood if he doesnt get his rate cuts. Stay with bloomberg as we bring you live coverage of the latest decision, followed by jay powells news conference, starting at two is like this afternoon. Alix from one politician to ano
Underway. Today well consider the nomination of feinberg. Efficient movement of people and goods throughout our nations rail network. That rail network is vital to the nations economy so its important that those who directly oversee the safety and efficiency of this network have the skills and experience. Miss feinberg has been serving since january prior to her current assignment she served as chief of staff to transportation secretary from 2013 to 2014. From 2011 to 2013 j she was the policy and crisis communication director of facebook. Before that, she served as a Communications Director for the House Democratic caucus. She has an admirable commitment to Public Service, are concerned about the lack of experience in Railroad Safety. Its noted, former facebook executive and white house advisor whose resume is long on communications and policy posts and short on railroad experience, end quote. So in addition to asking miss feinberg to respond to the concerns, ill be asking her about t
Greece. Our road map begins with retailers hoping that online holiday sales click on this sibler monday. Will they make up for the thanksgiving weekend seeing shoppers spend less than a year ago. Lots of business around amazons Package Delivery via drones. Another month in the books. Well explore whether the trend is likely to continue in december. A number of wall street firms initiate cover of twitter. Well have details on the caller later in the program. First up, welcome to cyber monday, the day that online sales surge following the thanksgiving weekend. Retailers hope that makes up for the Holiday Weekend. The National Retail federation says total spending fell 2. 9 compared to a year ago, the first decline, guys, in seven years. How concerning is it . Well, look. I think that this omnichannel has taken off. I dont classic example. I dont know a lot of people went to the mall. You can say its A Groucho Marx thing. Everyone is there so they dont want to go. I went to amazon. I orde