Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The
In the year 1929, just before the crash, volatility was pretty low. Not as low as it is now, but actually volatility was pretty low. And then it just exploded after 1929 the crash kind of triggered itself well, shiller went on to wonder whether howard marks memo was a sign that the top of the market was, in fact, deer. Josh, if nothing else, the marks memo, the shiller comments and some other factors have rekindled the debate over where this market is, whether stocks are too expensive, and whether we should be paying much more attention to the fact that volatility is nowhere to be found. I mean, no offense to howard marks, who i think is a genius and bob shiller, obviously, i think is a genius. But bob shiller has been making cautious comments pretty much his entire career. And then hell, you know, say, oh, by the way, im just into it anyway im just owning the market anyway so put that aside. Number two on the volatility commentary, understand, we had low volatility through the 1990s,
Bigger bonuses at his office. But there is a catch. Well tell you what it is. Its a great story. A new battle between apple and google and this time google is beating on the latest back to school shipments and the impact its having on the tech giants and their laptop offerings. First lets have reaction to the feds minutes that were released about an hour ago. There, weve done it. No, lets have bob posani tell us about it. Hes tracking the movement on the floor. Not much different, right . The headlines look pretty normal, the case for rate hike as strengthened. That was the headline. The fed risked credibility by not acting, she said that before, so it all sounds fairly hawkish but the market did not react much, even though most people, 70 or so of traders believe the odds of a rate hike are 70 going into december. Mr. Dudley said i think we can be quite gentle as we go in terms of gradually removing Monetary Policy accommodation. In other words, the glide path is going to be very shal
Interstate 380 cameras work a little differently. Youll get the ticket, but you wont be penalized if you dont pay. Pay. Fox 28 News Reporter dora miller explains how some people are not dishing out the money. But theyre still feeling the pressure. Fox 28 News Reporter dora miller explains how some people are not dishing out the money but they are feeling the pressure. Unpaid citations from the i have a job to do. Do. The last thing Donald Lehner wanted was a citation for speeding. But he says it was the phone calls from the Collection Agency that made it. Worse. They contacted me by phone, telling me that i have a delinquency for the city of cr and that i need to schedule payments immediately. But theres one problem. He thought they werent supposed to do that thatthey gave me the runaround and they would outright lie to me telling me they would attack my credit and telling me that these fines are viable, even though i know from the news media that theyre not. Mayor ron corbett says unf
Act. Welcome to cbs 2 this morning. I am jenee ryan. Thank you for waking up with us. We will start off with checking in on your weather, would Justin Roberts that if youre with us a few minutes ago, we were talking about the shaved ice . There is an Ice Cream Truck with a dog. That there is a truck that does through my neighborhood. He is not lying. Listen. You can barely see it. It will come through. Just wait there it is. Baroness. I was not lying. You were not lying. Youre a trust worthy neighborhood that day. People think they can turn around my house in front of my house. Look at what is happening weatherwise. We have the 40s this morning as we start the day. As we look live downtown, we have clouds, and 44 degrees. We have a beautiful skyline shot this point. It is 44 in waterloo and 37 purchasing. Southeast as we head through the afternoon, in an it is going back to the east overnight. The satellite radar is featuring cloud cover this morning. It is 52 degrees at noon and 55 an