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Question, perhaps, but what is the reflection of janet yellen the public figure in this? such a hugely powerful job in american life. about which and about whom so little is heard during the year normally. absolutely. and the fed chief miss yellen has come under criticism because wall wl s been wastreet s been a rate increase for some time. you know, the market s kind of been on pins and needles and people trying to buy homes or finance cars, you know, they make the decisions based on how much they can pay per month and when the expectation was put out there six months ago, that they might raise rates and then they didn t, the fed lost a little credibility so if they had not moved on rates this time, i think they would have lost a lot of credibility. olivia, you concur with that? i do agree. the fed, of course, supposed to be independent and conservatives ....
Afford the things he said and then number two get the republican congress to vote for the things that are necessary to affect some of his things. hilla hillary s got to show she s the pragmatic realistic realist in the race and i think she can do that. i sort of disagree a little bit. i don t think you ll see charges thrown at hillary clinton f. you re a democrat and attack hillary clinton on the e-mails, you attack her at your own peril. well, but we may hear, steve, attacks on other issues. let s take a look at what bernie sanders said and may be previewing his line of attack might be. i believe that our trade policies going way back when and voted against it with china. i think they have been a disaster for the american worker, they shut down here, move abroad. so people will have to contrast my consistency and my willingness to stand up to wall wl and corporations, big corporations, with the secretary. my consistency. ....
When i look at today s report, when i was trying to say before is that if this kind of momentum comes up and moves the unemployment rate down, then you ll see more people with more bargaining power, perhaps claiming more of that growth but this is a symptom of a lot of factors that have been boosting inquality for a couple of decades. i would like to talk about the factors. for one is mismanagement of globalization. i got my tenure writing about how to make free trade agreements work but blue collar workers put at an unfair competitive disadvantage. i agree with that. dodd-frank creates disadvantage. the large banks handle regulations so we re seeing smaller banks putting themselves up for sale to bigger banks that tends to concentrate power, create big bonuses on wall wl and deny small businesses loans for jobs for kinds of people to benefit. not a matter of free trade or not. whether we regulate or not but ....
For a year now and lately getting reports showing that the broader economy is kind of slowing again and that s true today. the manufacturing report that you mentioned, kyra, missed wall wl s expectations. manufacturing in the north region is still expanding but t it s expanding at a slower pace than the month before. so, as a result, stocks are under some pressure right now. we are also watching for comments from former fed chairman greenspan speaking today in new york and when alan greenspan speaks, wall street listens. as for now, the dow industrials down 30 mints. nasdaq off about 8. and twitter is getting a major overhaul. if you like to tweet, you ll be able to post a lot more than just the 140 character tweets. soon you ll be able to attach photos and video clips, too. the co-founder said it s an opportunity for all sorts of content, everything from youtube videos, advertisementadvertisem ....
Finance event this afternoon. and we re into day four of deliberations in the rod blagojevich trial. the lawyers say they re just as nervous as their client is as the decision there looms in the former governor s trial. i tell you this. the white house hopes there is a verdict before he goes to chicago. that s right. the president is heading there wednesday. we ll be there. split show on thursday. see if we have a whole bunch of news. yep. later today treasury secretary geithner is expected to lay out the guidelines of financial reform. there was an echo of uncertainty asked how it will impact wall wl. 2,000-page bill that very few people ever read and basically turns over to the s.e.c. and the fed the right to write regulations. this is a dream piece of legislation for lobbyists and lawyers and nobody knows the answer to your question. ....