Good to be with you. Im katy tur. This is a monumental day, the Federal Reserve cut Interest Rates for the first time in four years. This was an aggressive 50 Basis Point Cut or half a Percentage Point that will move markets and Mortgage Rates. It might also move the tide of the election. Federal Reserve Chairman Jerome Powell followed the announcement with a speech of his own, appearing to signal more aggressive cuts to come, indicating that inflation is finally under control, all of this, just 48 days before the president ial election. Big day. Joining us now, nbc News Business and data reporter, brian cheung, national Affairs Correspondent with the nation John Nichols, and director of polling at the Harvard Kennedy Institute of politics and msnbc political contributor, John Della volpe. Nbc Business Correspondent Christine romans will be here in just a second. Brian, i shall begin with you, explain what We Saw, and also tell me what he said in his news conference. Yeah, and its stil
right wing talkers? you and i have had our challenges when it come to liberal talk. cumulus is never to my knowledge taken an hour of syndicated talk radio. we ve been told that it doesn t sell. it does sell. this is the free market at work. what is the future? the manage many sees that rush is angry, excitable, aging audience is rapidly disappearing. rush is experiencing exactly the same thing that the gop is experiencing with diminishing demographics. they re not tuning in to crazy uncle talk. they don t want to hear the big boys toxic messaging. you add to that the saturation problem where you have right wing hate talkers, flying monkeys everywhere trying to occupy that space. it become monotonous and boring. my bet is that you ll see cumulus replace these desperate wing nuts with more sports