Greater urgency to cut rates much more aggressively, but for now at least it seems the central bank is planning to take its own sweet time with only gentle rate cuts likely in the fall. The u. S. Economy, meanwhile, continues to perform well. With unemployment near a 50year low and wages rising. But theres a lot of uncertainty out there. The biggest source concerns the global economy. Now, when hes not picking on jay powell, the fed chair, the president s been going after china, raising tariffs on that countrys exports to the u. S. Beijing, of course, has retaliated. This weekend a new round of higher u. S. Tariffs is due to go into effect, although this week President Trump did say that the two sides were till talking, raising some hopes in Financial Markets that perhaps tariff increases by both sides might be averted. Now, this trade battle continues to keep businesses on edge, but the president says its essential to get china to change its unfair ways in the way it goes about doing
Payments received immunity, and now congress may investigate why more people werent charged. All right, paula reid, thank you. A former friend of the president lost a round in court today. Jeffrey epstein wont get to stay in his multimilliondollar new york home as he awaits trial for sex trafficking and conspiracy. Mola lenghi on why the judge denied bail. Reporter calling him a threat to the public, judge Richard Berman ordered Jeffrey Epstein, accused of sex trafficking young girls, held in jail until trial. Berman said part of the reason he denied bail was the testimony of two women who said epstein abused them and said they would be afraid if he was released. One, courtney wild said epstein abused her in florida when she was 16 years old. If you are a victim of Jeffrey Epstein, then you know what i know. He will never stop sexually abusing children until he is in jail. Reporter prosecutors argue if granted bail, the 66yearold was a significant flight risk, pointing to what they fou
And face app privacy warnings. Well look at concerns about the popular russian aging facing app with more than 30 million users. Heres todays eye opener, your world in 90 seconds. Im enjoying it because i have to get the word out to the american people. Youu have to enjoy what you do. I enjoy what i do. The president s crowd chants, send her back. Omar has a history of launching vicious, antisemitic screeds. [ chanting ] send her back. Send her back. Millions face a dangerous heat wave. Large parts of the country are experiencing highs between 90 to a hundred degrees. So hot. It turned into a war zone. Thousands of people taking to governor to steping for the the situation get viol 9 11 Victim Compensation fund bill was blocked by two republican senators. This is an outrageous place for them to cause pain and assi dozens of people at a famous Animation Studio in kyoto. Police say this is arson. Prosecutors dropped Sexual Assault charges against Actor Kevin Spacey because the accuser wi
that s troubling if that is indeed the case. neil: and we don t know whether that s the case, but what mark esper was telling us, there was an easy time you could have shot down the balloon, they call it a weather balloon, more than gathering temperatures for people, but this is a shot right now over the skies of north carolina, you guessed it, by the map and the map of the united states, that s the last stop before you get to the atlantic ocean and then, what happens is anyone s guess. a lot of people say we shoot it down to see what the technology because lost in the sauce is how big this thing is typically six times of a traditional weather balloon and that it s gone very, very far. some say propelled by wind, others say by things far more advanced which is why some want to take at that look at it. we ll be exploring that with among others, chuck hagel, the former secretary, and mark green, he ll weigh in and many, many more. we re not done with this issue. the impact what
options. neil: up, up and not going away. a suspected chinese spy balloon flying high above the continental u.s. and over several sensitive u.s. military sites. u.s. officials did consider shooting it down. no more. antony blinken cancelling his trip to china. china confirming, yeah, it s ours but blames high winds. some people don t believe that. we are all over it regardless with jennifer griffin at the pentagon on how the military is reresponding to this. griff jenkins with growing calls for investigations into this. senate armed services committee mike rounds on how long the administration may have known about this. general jack keane on the new tension with china because of this. i m neil cavuto. who saw this one coming? new signs that we might have seen it for quite a while. so why are we just finding out about it now and growing concerns about what we re going to do about it now to jennifer griffin at the pentagon. jennifer? neil, secretary state antony blinken is