we're live again waiting to hear from ben bernanke. speaking before the national economist's club in washington. the associated press has a bit of a preview of ben bernanke's speech. bernanke says the great recession made it essential for the economy to become transparent so it could explain why record low interest rates were needed to support the economy. in that story, he goes on to say the recession meant the fed's communications had to evolve in ways he didn't envision when he became chairman in 2006. so we'll hear from federal reserve chairman ben bernanke momentarily. the room has filled up. more about the health care law. >> joining us now is tom daschle former senate democratic leader from 1995 to 2005 and represented the state of south dakota. welcome. >> thank you. >> talk about what you brought to the table as far as the affordable care act. >> i had an advisory role. talked to my former colleagues and members of the administration, given my views. i had written a book called critical, that laid out a lot of the principals t

will she become the first female chair and how will her policy differ from ben bernankes. that and more tonight. >>> good evening everyone. the first score card on obama care is out and it's not good. just 106000 americans enrolled and went through their state, not healthcare.gov. the results are worst than expected and bertha coombs joins us with a break down of the numbers. bertha, i know you've been going through the information. who did succeed in signing up? >> we don't really know. they didn't really give us demographic information. they just basically gave us the numbers of what they saw. in terms of people that actually selected a plan at this point, we're talking about 106,000 and as you mentioned, the majority of those came through the state based exchanges that have been working fairly well, only 26,000, nearly 27,000 managed to select a plan. some of them paid, a lot of them haven't but haven't select add plan through the federal exchange healthcare.gov. as we know, they had a lot of troubles for a lot of people. it's been frustrating. what is interesting is to

with the national economy club and ben bernanke was the guest of honor he said at one point during the evening when pressed about whether his quantitative easing program was good for wall street at the expense of main street he being ben bernanke he flat out denied it saying that such a premise is simply not true he defended his printing eighty five billion dollars per month suggesting that fixing interest rates as zero is beneficial for society because among other things it allows people to buy cars right well and allows people to go into debt into ever deeper debt and it's funny because this idea of giving out all it's in amsterdam is beer to keep them docile to keep them cleaning up the park clean up their their open air prison it reminds me of wal-mart and mcdonald's it was reported this past week that they themselves are out there giving the equivalent of a couple of beers to their employees to have him come into the store and perform menial label labor and slave labor so this amsterdam model is being picked up by the likes of wal-mart amsterdam the people that work at those compa

with ben bernanke it keeps interest rates at zero percent he's helping to increase america's debt load it's all such time as the debt bubble pops everyone who issued the debt the bankers include bernanke you get to be on the size of debt issues they don't make money based on profits and losses they make money based on the size of the debt they issue so in a car is a debt issue a quantitative easing is debt issue getting a job of donald's put yourself into debt that gives fees to the bankers it destroys the economy it destroys society it destroys everything but the fees for the bankers . dramas to be ignored. stories others who refuse to notice. faces change the world. to picture. from a strictly. if you are just joining us welcome to the program here on r t i'm rory sushi in moscow several thousand people are expected on a march in berlin to remember an anti fascism activist murdered back in the early ninety's germany's still striving to ban far right parties you know political and social views the country's ultimately trying to forget. all of our reports the horrors of germany's histo

the best thing she can do is be righter than ben bernanke. the fed is not a great forecaster of the economy and yellen seems to be stronger on predicting where things are going to go. >> another debate right now is retail investor has been in this market, has not been in this market, what are you seeing? do you think retail investor is back in this market or are they basically on the sidelines? >> i think they're tiptoeing back into the market. fund flows started trending positive earlier this year into equities away from fixed income with the retail investor. not going gangbusters but a positive trend. my sense is you'll continue to see that trend first because they're not making money on their savings account and while they worry less about interest rates going higher and value of their bonds because they own these as interest bearing securities that they're not planning on turning over and going to hold until maturity, they're not even in a higher rate environment not making enough money on savings and feeling better about the economy. sta

with ben bernanke to keep interest rates at zero percent he's helping to increase america's debt load it's also time as the debt bubble pops everyone we should the debt the bankers include bernanke you get to be on the size of debt issues they don't make money based on profits and losses they make money based on the size of the debt they issue so in a car is a debt issue a quantitative easing is debt issue getting a job of the donalds put yourself into debt that gives fees to the bankers it destroys the economy it just roy society it destroys everything but the fees for the bankers. dramas that try to be of no origin. stories others refuse to notice. since it's changing the world right next. to pictures of today's. oldies from around the globe. looking. to. hello again this is our c welcome back thousands of people are preparing to march in searches across germany to commemorate an anti-fascist activist mattered in the early ninety's the government's on a crusade against abuse promoted by far right groups only one now reports the horrors of germany's history with the far right are per

she's someone who has been ben bernanke's right-hand woman for for now. she knows how she got into this stimulus. q.e., the third one mentioned to get us through could end up being the greatest one of all. >> she's willing to accept inflation also. she knows her way around washington. she obviously has her rapport with the senate. who knew we'd be talking about q.e. for so, so long. you guys are not party poopers. ring your bell. >> the first woman to serve as the fed chair, janet yellen, but apparently most would rather work for a man. the gap has closed significantly since the 1950s. there are stories for "your money," 60 minutes on the clock it's money time. one america, two economies. rich people get cheaper mortgages than average joes. some lenders are offering lower rates on jumbo mortgages to attract wealthy clients. a few lucky gamers getting a sneak peek. xbox one consoles accidently shipped earlier. but they locked it on the platform until the november 22nd launch date. >>> is this appropriately for a teenager? according to a new study gun viole

with ben bernanke to keep interest rates at zero percent so when to increase america's debt load it's all such time as the debt bubble pops everyone who issued the debt the bankers include bernanke get it on the size of debt issued they don't make money based on profits and losses they make money based on the size of the debt they issue so in a car is a debt issue a quantitative easing is debt issue getting a job of donald's put yourself into debt that gives fees to the bankers it destroys the economy it destroys society it destroys everything but the fees for the bankers . are in debt to be born to the united states when it takes its first first breath. is fifty thousand dollars in. debt is that ringing home we have no money to give anyone how can you call us the richest country in the world when we're trillions and trillions of dollars in debt. welcome back you're watching r t live from our moscow studio silence in france thanks for joining me from the greatest highs to extreme lows after heading into space as part of an historic journey to soften the olympic torch has now reached t

the headlines today, it's all about the reaction to fed chairman ben bernanke. the central bank can miss it? easing monetary policy as long as it's needed even after unemployment falls below the fed tloesh hold. this as investors wait for the latest fomc minutes. >>> from the bank of england, it is under no rush to raise rates in the uk despite a continued drop in its unemployment. >>> japanese car shipments speed up in october on the back of u.s. demand, helping overall exports roar by 19%. the biggest gain in thee years. >>> and france qualifies for the 2014 fifa world cup in brazil. that's sending shares in tf1 higher. the tv channel has the right for the tournament. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> mr. bernanke went out of his way to say rates are going to stay there way for quite some time. equities haven't done an awful lot in the wake of that. the dow yesterday was down nearly about 9 points. the s&p off 3 and a bit. right now, we are above fair value in the dow futures. not by much,

bernanke and his team a few years ago. i've got every bit of confidence she's going to realize that being chairman is, frankly, very different set of responsibilities than being a governor vice chairman where most of us get to chatter from the cheap seats, she's got to make the tough decisions. >> and yet, you've been concerned about qe and what the fed's doing. you've been concerned for some time. a lot of people think she is even more dovish than bernanke is. where does that get us? >> right. so it's easy to think on a hawkish dovish spectrum. and there's no question she believes in the efficacy of the fed's tools even more so than chairman bernanke. i don't think she's more dovish than ben. i think the biggest difference is in some sense that she really does believe very much in the models and in a model centric view of the economy. >> what does that mean? >> what it means is, when i look

with ben bernanke it keeps interest rates at zero percent is helping to increase america's debt it's also time. as the debt bubble pops everyone who should the dad the bankers include bernanke get a fee on the size of debt issued they don't make money based on profits and losses they make money based on the size of the debt big issue so when a car is a debt issue a quantitative easing is debt issue getting the job of the donald's put yourself into debt that gives fees to the bankers it destroys the economy it just roy society it destroys everything but the fees for the bankers. dramas that can be ignored. stories others refuse to see. faces changing the world. to picture. from around the globe. from the greatest highs to extreme lows off to being taken on an historic walk in space the sochi twenty fourteen olympic torch is now plunged into the depths of the deepest lake in the wild lake baikal in siberia aussie's james brown witnessed the dive. you're watching the climax of this very special torch relay out on lake baikal where the olympic flame is making history and once again it's

bernanke is for instance. right she is a fiscal does she support. or it's this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month and bond purchases is very controversial even former fed officials have come out to our part of that came and said they were sorry that they were a part of q e so it looks like yellen is the same old song as ben bernanke she supports q.e. he supports q.e. so we're not really expecting to see a lot of changes in the fed anytime soon so what is the next step in this confirmation process. well now it's going to go to the full senate for a vote again with the nuclear option it looks like she's on the fast track to becoming the next fed chair woman can you go into a little bit more detail about the types of power that janet yellen will have being the first woman to hold this position. ratios the first woman so we saw these women senators of the senate banking

so it looks like yellen is the same old song as ben bernanke she supports q.e. he supports q.e. so we're not really expecting to see a lot of changes in the fed anytime soon so what is the next step in this confirmation process. well now it's going to go to the full senate for a vote again with the nuclear option and looks like she's on the fast track to becoming the next fed chair woman can you go into a little bit more detail about the type of power that janet yellen will have being the first woman to hold this position. frazier's the first woman so it's all these women senators of the senate banking committee were also very excited for her but again she's the same old song and as ben bernanke he they support the same policies and this is absolutely the most powerful entity on the face of the earth it controls monetary policy of the u.s. dollar the world reserve currency for the power that's being put in this woman hands are larger than anyone else that we're that we've seen now rand paul has said that janet yellen is the transparency advocate for the fed do you have any idea

. >> you are not saying ben bernanke is a drug pusher will -- drug pusher? >> not in the least.

peter's on the ben bernanke case. as soon as he starts speaking, peter will let us know what's being said. after that stronger than expected october jobs report, stocks immediately pushed forward and upward, but what do we need to do to maintain the market muscle that we see today? let's get right to the floor show. traders at the new york stock exchange, cme group and the nymex. okay, again we're asking the same question we've asked over the year, what do we need toodo to keep this going, and at what point do we see some of the pressure off these markets? >> yeah, i think it's going to be tough for us to push above 1800, actually, before the end of year. i don't see anything out there that that's compelling to make a nice move. every 100-point incent on the s&p -- increment on the s&p is psychological, so i think we'll probably trade in and out around 1773 on the s&p and back down to 1700, back and forth. i will make one note, and i think your viewers should understand, even though the jobs number was better than exp

ben bernanke he has become a god and instead of walking on water he's walking on paper. paper yeah. yeah yeah but i don't think we're going to have a lousy like moment you know where they put him in the crypt and then he goes up to heaven i think they're going to put this guy into the crypt and the economy is going to go go south though obliterate. technology innovation all the developments around russia. the future of. if you are just joining us welcome to the program here on r.t. international grain is trying to silence human rights activists not built about jobs by keeping him in prison it's according to amnesty international the campaign that has served most of his two year man is now legally eligible for release with already as there are in no rush to set him free now beal has been in jail since august last year for participating in anti-government protests critics say needs to be pressured by its allies over such cases like this. government will release him if and only if there is significant pressure from behind allies meaning the united states of the united kingdom. in absen

ben bernanke has become a god head and instead of walking on water he's walking on paper i walk in on paper yeah. i'm lookin for yeah yeah but i don't think we're going to last or is like moment you know where they put him in the crypt and then he goes up to heaven i think they're going to put this guy into the crypt and the economy is going to go stink go south though obliterate a. language. we could with oh if you're going to. choose to get consensus. choose the opinions that you'd be great to. choose to stories to. choose to to access. weeks between thanksgiving and christmas and. twenty percent of annual mall traffic during that period of time people are much less rational they. certainly in our modern era people are often spending money. and spending it on things they don't need to accomplish what they have only. one of. these. people. pleasure to have you with us here. from countries rich in natural resources are the poorest africa is a colony it's a colony of the big corporations it's a colony of someone's home leaders who are under the thumbs of the big corporations so they ha

stocks in europe are down, investors waiting for ben bernanke's speech at 7:00 p.m. eastern time tonight. billionaire investor carl icahn sounding alarm bells by saying the good times could soon be over. >>> still to come, home depot is set to report third quarter results in just around 10 minutes. the u.s. housing market has been reboundsing. but there's head winds there. so will that knot the sector? we'll get some insight, next. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. ♪ ♪ you get your coffee here. you get your hair cut here. you find that certain thing you were looking for here, but actually you get so much more. when you shop at th

so it looks like yellen is the same old song as ben bernanke she supports q.e. he supports q.e. so we're not really expecting to see a lot of changes in the fed anytime soon so what is the next step in this confirmation process. well now it's going to go to the full senate for a vote again with the nuclear option and looks like she's on the fast track to becoming the next fed chair woman now you spoke with senator elizabeth warren right after that vote here's what she had to say. this is a moment in history. we just had the opportunity to vote for an extraordinarily well qualified woman to be the head of the federal reserve bank and we are delighted janet yellen is very well qualified her academic background her experience both in and out of government and her extraordinary good judgment so there you heard senator warren call for a vote today saying it was a historic moment but can you go into a little bit more detail about the types of power that janet yellen will have being the first woman to hold this position. very few of the first woman so it's all the women senators of the

bernanke what can we expect from janet yellen well ben bernanke here to lady gaga janet yellen. as to miley cyrus and others she said well it's always more she's a trash your version of the the original although actually gaga has a little talent and i'm sure bernanke and you know i do but but the point is she's more more hard shell more model based she's going to print more hard shell meaning that which the meaning i just mean a flexible ideologically driven ideologically driven model driven academically driven impervious to the real still look at our models no matter what the actual market tells are correct and it's not as much i love cheese like blinkers correct most keynesians to i mean the keynesian theory works fine in theory not the real world and neither does her brand of monetarism or her brand of monetary is but be that as it may she's a little let them eat cake like it is there out there with the torches in written places ranging societies collapsing but i'm sticking to my models that's right and you know doubly famously so let them eat i pads and i think janet yellen

bernanke what can we expect from janet yellen well ben bernanke here to lady gaga as janet yellen is to miley cyrus and others she said was always more she's a trash your version of the original although actually gaga has a little talent and i'm sure you're knocking yeah i do but but the point is she's more more hard show more model based she's going to print more women hard shell meaning that how it's little meaning i just mean a flexible ideologically driven ideologically driven model ger. in academically driven impervious to the real still look at our models no matter what the actual market tells are correct is not as much i love cheese like blinkers correct most keynesians do i mean the teams in theory works fine in theory not the real world and neither does her brother monetarism or her brand of terry's but be that as it may she's a little let them eat cake like it is there out there with a torch is written places ranging society is collapsing but i'm sticking to my models that's right and you know dudley famously said let them eat i pads and i think janet yellen this is now she

ben bernanke, janet jellen, et set ra. and then there are 12 radio serve bank presidents so there -- reserve bank presidents. so in california, kansas city, st. louis, dallas, all across the country. and the heads of those banks are chosen by a sort of complicated mix of a board of directors, which do i clude ceo's but also includes some input from the federal reserve board of governors as well. so the folks chosen sort of run the gamut. many are academics. janet yellen was the head of the federal reserve bank in san francisco. the head of the federal bank in minneapolis was sort of a wonder kid who finished college at 16 or something look those lines. but they also are taken from banks as well to ensure that there is a representation from the banking center. the federal reserve is also in charge of supervising banks, both community banks as well as some folks with a history of working at larger banks, such as geithner when he was head of the federal reserve and bank of new york. so there is a diverse group that includes a

it is dwt money time." >> ben bernanke gave a speech and ben bernanke is in no rush to cut back on that $85 million a month bond-buying spree. he went a step further signifying that the fed will keep rates low even after the job picture noticeably improves. >> even as unemployment drops below 6.5%, as long as inflation remains well behaved, the committee can be patient in seeking assurance that the labor market is significantly strong before considering any increase in the target for the federal funds. >> he's still as rousing as a speaker as ever. >> i know. i'm talking about well-behaved inflation like children. >> bringing the house down, ben bernanke right there. >> we love it. the dow is up 22%. the nasdaq 30%. s&p 500 up 25%. why are shoppers so cautious right before the retailers big shopping season. best buy sees an unusually competitive holiday season that could hurt profits. retailers have been battling even earlier for your shopping dollars. now they're making thanksgiving thursday nut black friday. all of the retailers scrambling, scrambling to try to get you to spend money

you met with ben bernanke and you had a plan in place. close to what came to be the plan. and givet you saw it you credit for seeing a problem think the horizon, do you if there was a lesson in this that you could have, should have gone to congress can? maybe not for tarp but for some ability to wind down and institutional stop you have to get there early. >> the problems as my colleagues are talking about is we knew -- go back to american history. look at one example when our democracy has prevented a bad outcome. it is great at cleaning up a mess after it has happened. about climate change. how hard it is to get you to agree if it exists. and who should pay for preventing it? account was for us is would you send the treasury secretary and the fed to the congress to cut they will have to raise their right hand and say if you do not give us the authority, we will be in the great depression. they go up and raise their right hand and say that, and the congress says no. that crisis of confidence triggered by the very act could precipitate the crisis we are trying to prevent.

connell: federal reserve chairman ben bernanke is still very insuring investors' interest rates will mean lower after the unemployment rate drops below 6.5%, the benchmark to begin sailing back on the stimulus program. dagen: the chief economist at our dq economics, shocker. >> some people would think a pox on the fed meets in december, lower the threshold from 6.5% to 5.5%, keeping interest rates at zero until the economy essentials we hit full employment. by reiterating 6% number, ben bernanke defused expectations and also addressed the issue of scaling back on bond purchases a couple times, december open for a decision by the fed to modestly cut back on its rate of purchases of government bond. connell: nothing new year. will there be anything new ones janet yellen take over the federal reserve and what would it look like? >> there was a hook at the end of his speech, continuity sentence in the last paragraph that he agreed with what janet yellen said in her confirmation hearings last week, looks like she is going to ease through the confirmation process going forward. there's a l

ben bernanke struggled with the problem for months and there doesn't seem to be easy answers. we learned the special emergency october 16th meeting the day before the government was supposed to default to discuss what to do if that default happened. it's suggested it could take access in the event of a default. economic effects are temporary and limited. for "nightly business report", i'm steve liesman. >>> well, joining us now to talk more about the fed, bruce, chief economist at jp morgan chase. thanks for being here. >> good to be here. >> based on the data you see, the fed seems really divided about when to start the tapering. when do you think it would be appropriate? >> well, i would say conditional on the economic news continues to play out in a solid fashion, we think the fed will taper in the first quarter. we think the most likely outcome would be a january move. >> you know, bruce, they have said in the past, fed officials that they were going to have it dependent on when they were going to taper on the unemployment rate, where it would be standing, 6.5% and other n

as ben bernanke winds down his term as fed chair. he's making it clear the fed has power as a "crisis fighter." bernanke addressed the banking topic of "too big to fail" friday at a conference sponsored by the international monetary fund. bernanke says the federal reserve is drafting rules to close large insolvent banks "without" destroying the entire u.s. financial system. bernanke believes that "not" having a systematic process in 2008 left the regulators with the "terrible choices of a bailout or allowing a potentially destablizing collapse. on the heels of a strong jobs report for the month of october. president obama "questioned" whether the hiring spree "could" have been stronger. "there is no question that the shutdown harmed our jobs market. the unemployment rate still ticked up. and we don't yet know all of the data for this final quarter of the year, but it could be down because of what happened in washington. now that makes no sense." the president spoke friday in new orleans where he admitted the launch of healthcare.gov

bernanke, ben summer and others about what lessons can be learned from the 2008 financial crisis. this is an hour and a half. [inaudible conversations] >> so this is the session of the -- [inaudible] >> the final discussion. this is a case in which absolutely no need to introduce the speakers. i shall not do this. this is also a case in which the chair can think of questions that should be answered by the panel. at least -- [inaudible] so i decided i would ask questions. the first is the lesson that one should draw from the crisis or the crises. i suggested three -- the number can be negotiated. and then the second question is are we ready for the next one? and with this in mind, we'll proceed in order. i think about the first round 15 minute each or something like this. and the first is ben bernanke, please. >> thank you. i'm very pleased to participate in this event. in the honor of stanley fisher. stan was my teacher and graduate school and both a role model and frequent adviser ever since. an expert on financial crises he's written prolifically on the subject and served on the

one trader says ben bernanke and janet yellen are looking alot alike these days.... and.... the breakfast club. trades that could brighten up your day. first business starts now! good morning! it's friday, november 15th. i'm angela miles. in today's first look: no bubble trouble in stocks. that comment from janet yellen during her nomination hearing on the hill.... triggered fresh highs for the dow and the s&p. gold and oil ended the day nearly the flatline. rofits dip 6.2% at nordstrom. the stock dropped after the close on the earnings. and, under the golden arches, mcdonald's plans to spending nearly $3 billion dollars nextg year opening up to 1,600 new restaurants and remodling 1,000 others. mcd is also backing its sales growth forecast of 3 to 5%. a chevron gas pipeline explodes in texas outside of dallas. reports say a construction crew accidentally drilled into the line. no one was hurt. but residents in the area were evacuated doug rothschild of performance trust is here to get the ball rolling us this morning. good morning to you. > good morning angie. as investors a

ben bernanke has become a god and instead of walking on water he's walking on paper. paper yeah. yeah yeah but i don't think we're going to have a lousy like moment you know where they put him in the crypt and then he goes up to heaven i think they're going to put this guy into the crypt and the economy is going to go go south so obliterate a. lot for most of this is international. amnesty. international believes that bahrain has more interest in science and dissent than seeking justice after authorities refused to release opposition leader from jail the rights group said there was no reason to keep him locked up as he is most of his two year terms for release but from bahrain watched as only international pressure can force bahrain to change course the government will release him if and only if there is significant pressure from behind allies meaning the united states of the united kingdom. in absence of that pressure i think the government will still trying to come in prison in line with their campaign of you know trying to prevent any sort of dissent or create any sort of safe

up next, chairman ben bernanke saying rates staying low. the chief officer is weighing in on what that means. check it out. michael dell joins us to talk about the pc market and his company's future now that it's come back. "squawk box" comes back in just a moment. >>> fed chairman ben bernanke saying central bank remains committed to stimulus program for as long as needed. the fed funds rate will likely remain zero for a considerable time after it ends. how you will markets react to this? we're going to ask the chief officer for division of barkley and minutes that we have today. we've been talk act the fed for so long. i'd like to talk about business and whether ceos are spending and things like that. you really can't. it's so important and such an underpinning of what we're seeing day in and day out isn't it? >> this market can be described in three words. ly driven market. all were voicing similar concerns that the relationship between prices and fundamentals get stretched. the market is not seeming expensive, it's underlyingme fundamen

bernanke the list weeks a year that people could buy automobiles there's like a car dealer now and i love it listen you want is zero percent interest rate to buy a car tell you why you don't even need any income verification you having trouble getting one answer one of those ads on t.v. that tell you they'll get you one even if you don't have a job it's another version of that housing bubble to thank cannot get out of this the economy should have declined back in two thousand and nine and two thousand and ten but they've been pumping tens of trillions of dollars into the system to keep it up and by the way this is not capitalism in capitalism they don't have four words too big to fail that doesn't exist in capitalism you know bodies too big to fail actually it's the merger of state and corporate power is better defined by someone who knew the term really well mussolini it's called fascism and that's what's going on it's a corporate takeover of the government it's in front of everyone's lives they cannot get out of this they're going to have to keep interest rates low they'll come up

then we have ben bernanke. janet yellen said she will have more transparency in the decision making, in the projections, where the federal reserve will go, so there's not too much turmoil. people are looking to see how she community indicates with congress, because frankly, people don't know her very well at all. >> thanks very much indeed for that. >> there's a lot more to come here on the news hour, including how survivors are typhoon haiyan need precious commodities and the wait for much needed aid. >> a primitive existence, the families taking desperate measures to survive the war. >> to sport, the san antonio spurs continue their nba streak. that's after the break. >> every morning from 5 to 9am al jazeera america brings you more us and global news than any other american news channel. find out what happened and what to expect. >> start every morning, every day, 5am to 9 eastern with al jazeera america. >> from our headquarters in new york, here are the headlines this hour. >> al jazeera america is the onl

because we've got ben bernanke printing money forever, or so it seems. why do we not have a huge rally on wall street when that kind of news comes out? because we don't have a big rally. we'll detail it for you in just a moment. kind of a yawn, actually. @?? >> when the president had that heart scan, how scary was that? >> it was scary, very scary, but-- >> i wasn't that scared. was it on obamacare? >> that was good. that was george w. bush and laura on the tonight show last night and leno made the obamacare crack and the president laughed. more from the interview today. and before the opening bell on wall street is tres knippa. ben said we're basically going to keep printing forever. so where is the rally this morning? why isn't going to happen? >> stuart, the market knows that ben and the fed are going to print forever. if you look back at history, once the countries start monetizing the debt, how many stop doing it, zero. look what happened when ben suggested he might slow the growth of purchases? next thing you know, bonds drop, yields go up and the

it they don't mind being treated like a drunk in the park they love it so there we have it is that ben bernanke he confessed that what he wants was there are races to encourage the addicts to buy a car with using debt remember the car loans in america they're stretching out up to ten years now it's like longer longer used to be like two or three years the mortgage on your car would be now it's like five six seven years so it's a rapidly depreciating assets not even something that would is a wise investment but there's also on the high end we're seeing record amounts of margin debt on the new york stock exchange and this is a chart from bloomberg and it's the margin debt for a new york stock exchange member firms and you see the three peaks there this is an image that tells a thousand words two thousand two thousand and seven and today as you see record margin debt right when you buy a car america you are it's just like money printing in america you increase america's debt load when you're buying stocks in america you increase america's debt load when ben bernanke you keep interest rate