Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad economy right now in. Well, certainly expect that. Theres just no inflation, and they dont really know how much more they can cut it and still not have inflation. Maybe its the trade war, maybe its a global recession going on outside the United States, but whatever. I think the u. S. Economy is Pretty Healthy except the trade wars absolutely weighing on cap x. Its hurting china a lot more than its hurting the United States, but chinas important. China hurting, hurting germany and europe, so the
Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad economy right now in. Well, certainly expect that. Theres just no inflation, and they dont really know how much more they can cut it and still not have inflation. Maybe its the trade war, maybe its a global recession going on outside the United States, but whatever. I think the u. S. Economy is Pretty Healthy except the trade wars absolutely weighing on cap x. Its hurting china a lot more than its hurting the United States, but chinas important. China hurting, hurting germany and europe, so the
[drums playing] attack. Children, youngest who please be seated. My name is chris and i will be your master of ceremonies this morning. Please allow me to introduce pastor phil. Pastor phil and his wife tammy, are the senior pastors at influence church in anaheim hills. Theyre special mentors to many , including myself. They are my pastors. Pastor phil and tammy were aboard aircraft over new york city when the terror attacks september 11, 2001 took place and had family on the ground below. Pastor phil will be leading us in prayer in ceremony invocation this morning. Pastor . Thank you, chris. Theres nothing sweeter than could be able to talk to god. Commune with him and he oversees all that we do and say. Lets pray. Heavenly father, in that great name of jesus, we thank you for this day that we can remember, we remember those who we lost. We remember how our nation changed, and resolve that we all gathered together in that day, and the days that led forward to be better, stronger and m
Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad economy right now in. Well, certainly expect that. Theres just no inflation, and they dont really know how much more they can cut it and still not have inflation. Maybe its the trade war, maybe its a global recession going on outside the United States, but whatever. I think the u. S. Economy is Pretty Healthy except the trade wars absolutely weighing on cap x. Its hurting china a lot more than its hurting the United States, but chinas important. China hurting, hurting germany and europe, so the
57 newsroom at cbs headquarters here in new york. Good to be with you. Im annemarie green. Well, its the latest setback in a bid to end americas longest war. President trump abruptly called off peace talks with the taliban and afghan leaders at camp david. Mr. Trump says the talks w woul have taken place this past weekend but were canceled after a taliban bombing killed an american soldier last week in kabul. Laura podesta is here in new york. What is the status of the talks now then . Reporter well, at this point its not clear when negotiations with the taliban might resume. And democrats and republicans say thats a good thing. They dont think leaders of the taliban can come to be trusted to a Peace Agreement anyway. President trump took to twitter to reveal that Senior Leaders of the taliban had been invited to camp david along with the president of afghanistan. The summit was aimed at fulfilling one of mr. Trumps key Campaign Promises ending the nearly 18year war against the taliban