on the saturday afternoon. i m yasmin vossoughian. boy, we have a lot to cover over the next couple of hours. spewing qanon conspiracies, the former president, once again, using these blatant lies at a political rally last night. plus, what his lawyers are doing to stop the federal grand jury that is investigating efforts to overturn the 2020 elections. plus, the fate of the former president and his organization. i m going to ask michael cohen, you see him right there, what he thinks is going to happen to his former boss after that fraud lawsuit was filed against him and his family by new york s attorney general. and then his reaction to laetitia james s shout out and the inside information he gave during a congressional hearing. tracking 20 storms, everybody. right now, more than half 1 million canadians without power, as the nation s east coast takes the brunt of what was hurricane fiona. the dangerous problems residents are facing their and separate from that, by the way,
caleb, worried about inflation, worried about the fear of recession on the quarry, and worried really just about any money they have invested in the market, and or in their 401k. thousands and thousands of dollars lost in a single day. right? so, what is to come? what s going on? yeah, over 25 trillion dollars in stock market wealth evaporated in just the last couple of months, in this extreme sell-off. so, i understand why people are worried. we should all be. we are entering this down period. the economy is slowing down, we saw that inflation at a four-year high, and the federal reserve, our central bank, is aggressively raising interest rates to try to bring down inflation. they say they re going to be added until the job is done. inflation at 8.3%, the federal shots we have a long way to go and a lot of great rises between now and 2%. in that process, covet profit margins are being squeezed because higher infant interest rates put a squeeze on companies profitability. that is
get outta here! whoa, i really felt that performance. it s just acting, i m really good at it. book at hilton.com and get the hilton price match guarantee. if you find a lower rate, we match it and give you 25% off that stay. (applause) now you remember that. that was on tv and the president, you know, using the value here. getting the europeans to agree to bi-more buy more beef from the united states. what was not shown on camera was the massive budget to add to the deficits as we approach 23 trillion dollars, all said and done, 25 trillion dollars. neither party, to be fair, has done much to address this issue and it doesn t look like it s going to be addressed any bit in the near future. back to charles payne, jonas max
get it out of my mouth. 25 trillion dollars public debt by 2017. so the sobering report comes as we get a brand new fox news poll showing a whopping 83% of americans believe right now that government spending is out of control. so, what policy changes do we need to make now to keep the nation from reaching a financial crisis? michael seymour, from private wealth strategy joins us now. michael, this astounding, it s staggering and it was predicted a couple of years ago, when we started getting into the financial mess. do you see any way of steering out of this? well, you know, kelly, it was predicted, it happened and it s getting worse and at the end of the day, you know, if this was anybody s household, if this was your small business, if this was a major corporation, you would be bankrupt by now. kelly: exactly. and saving the government is if they can print money. the answer is yes, we can get out of it and what it s going
america is about to be downgraded. sean: it already has been. to some degree. it is going to are formally downgraded soon. it is on the president s watch. and it is president s fault. the president s failed economic policies and his endless, mindless spending which has produced this downgrade. to sean s point then if that happens, and the only game in town is boehner s plan that is on tape, then what can people possibly support? you can t support air. sean: conservatives are saying, and i feel this way in my heart. i don t want any caving, at this point. because i fear we are on a path 25 trillion dollars. if we use baseline budgeting, all of these plans are stilloñ. projecting 7% increases in spending every year across the board. that s dangerous. add to that, rosey case growth