We're all set to have a new chair woman and we tell you why treasuries are important.

You're in the right place folks because this is where the money is.

Welcome to the show folks. I am David Hanson normally joined by Matt

Kopinefer but he is in Senegal or some African coastal country.

Matt's somewhere in Africa. So I'm joined by Morgan Housle, a Fool 1 analyst now.

You are now in-house, no longer just a writer for us.

Got a busy day of headlines.

Let's throw up the first one.

Got to start with Janet Yellen, of course,

from the Wall Street Journal.

Yellen is Obama's choice as Fed Chief.

Not a huge surprise here, right?

Yeah, I mean this was already priced in by the market.

We've known it for several weeks since Larry Summers bowed out of the race about four or five weeks ago.

It was pretty much assured that Janet Yellen was going to get the nod.

And it's almost certain, I think, that she will be confirmed by Congress as well.

Although who knows what Congress is going to do.

Do you think, do you think that this was, I mean, Summers pulled his name out what, three weeks ago?

Some like that. Some like that. Some like that Do you think the administration was kind of

holding on to this? The market's been down a couple percentage points. Hey let's

let's give them something they like. Let's give them yelling. You know the

the consensus I remember several weeks ago before we were talking about the government shutdown when everyone was still focused on who was going to run the Fed.

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