State bob joining us this morning along with tennessee senator Senate Armed Services Committee Marsha blackburn. 5 cohost Juan Williams, big 3 hours coming up right now. Fox Business Network dagen mcdowell, wall street journal assistant editorial James Freeman and former republican president ial candidate steve forbes, good to see everybody this morning. Good to be with you. Steve and i jumped into mcdonalds on fifth avenue, breakfast of champions. Make maria great again, even greater. Maria oh, my god. Thats right. Maria markets are higher, we had the powell conversation yesterday and, of course, testimony hit markets on the upside, we got that optimism once again this morning, the chairman jay powells comments about the rate cuts and and the backdrop for the economy, the central bank sounded doveish citing global and economic conditions, watch this. We look at a broad range of data, since the june meeting and for a period before that, the data have continued to disappoint. Lets go to
The close of the u. S. Trading. Lets get a check on where stocks are trading with julie hyman. Yellensjanet testimony gave the markets another rally. Julie and day how many of the Health Care Debate . Of ave not seen that much reaction yes, they have climbed from the lows of the session but almost a black line on health care today as the move appears to be incremental. Jason gorman, who covers health care for bloomberg intelligence, says maybe this gets closer in the senate, but still an uphill battle in the house. Health care not getting much of a reaction. We are seeing a rally, albeit a muted one, on day 2 of Janet Yellens testimony. Dow rising to a record again to. Ransports also rallying s p and nasdaq, not much changed, but something of an upward bias. On the bloomberg, you have a mixed picture. Financials are bouncing after yesterdays declines to technology continuing what has been an impressive rally. The fifth straight day we have seen the nasdaq higher. Have not seen a rally
The close of the u. S. Trading. Lets get a check on where stocks are trading with julie hyman. Yellensjanet testimony gave the markets another rally. Julie and day how many of the Health Care Debate . Of ave not seen that much reaction yes, they have climbed from the lows of the session but almost a black line on health care today as the move appears to be incremental. Jason gorman, who covers health care for bloomberg intelligence, says maybe this gets closer in the senate, but still an uphill battle in the house. Health care not getting much of a reaction. We are seeing a rally, albeit a muted one, on day 2 of Janet Yellens testimony. Dow rising to a record again to. Ransports also rallying s p and nasdaq, not much changed, but something of an upward bias. On the bloomberg, you have a mixed picture. Financials are bouncing after yesterdays declines to technology continuing what has been an impressive rally. The fifth straight day we have seen the nasdaq higher. Have not seen a rally
Alone. President obama will sit down with Texas Governor rick perry to discuss the emergency. He will not be at the border or the influx contact where the influx continues, but he will be in dallas. He will not visit the border at all. White house correspondent Phil Mattingly has been covering the story. The white house made the request for emergency funding yesterday. Will that be enough and how are the democrats and the republicans reacting to it . Administration officials willingly acknowledge it is a shortterm solution to what has become a major problem. The 3. 7 million breaks down into four tracks. The first is the capacity track. They need money to fund places to put these kids. Assistanceso foreign , where you see the state department trying to work with guatemala, el salvador, honduras, trying to work on deterrence on that front. You also see money going to the Justice Department. Youll also see money going to customs and Border Patrol. There is an enforcement aspect to this.