The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene
The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene
Also weighing on investors, continued protests in hong kong. All remaining flights today out of hong kong have been canceled, as demonstrators are occupying the airport there. It follows a violent weekend of protests, including clashes between demonstrators and police, beijing officials condemn the violence and linked violent protesters to terrorism. A bad sign. Also, low Interest Rates affecting the market. Check the tenyear yield. Its 1. 69 now. The other big story of the day, the death of Jeffrey Epstein. Were learning that epstein was not checked on for several hours leading up to his apparent suicide in his prison cell. Attorney general william barr is furious and says there will be a federal investigation. Theres a lot of news to go at today. You dont want to miss a moment of it. Varney company starting right now. David a quick look at stock futures and they have improved a little bit from where they were. Lets go right to susan li at the stock exchange. Whats the buzz, susan . S
Well as socalled red nag laws flag laws to keep guns out of the hands of the mentally ill. But the shootings have also renewed attacks over President Trumps rhetoric with 2020 hopeful and former Vice President joe biden accusing him of stoking hate with his words. Listen. This president has fanned the flames of White Supremacy in the this nation. Hes poured fuel on the fire. We have a president with a fox fox toxic tongue who has publicly and unapologetically embraced the political strategy of hate, racism and division. David lets bring in wall street journal columnist and deputy Editorial Page Editor Dan Henninger and columnists kim strassel and bill mcgurn. Dan, americans, folks in real america outside the beltway, what do you think their reaction is to politicians trying to score political points on the basis of these shootings . Well, i dont think theyre shocked, david, but i certainly think theyre depressed by it. It was extraordinary even to me, im in the business, im paid to wat
Expanded background checks as well as socalled red nag laws flag laws to keep guns out of the hands of the mentally ill. But the shootings have also renewed attacks over President Trumps rhetoric with 2020 hopeful and former Vice President joe biden accusing him of stoking hate with his words. Listen. This president has fanned the flames of White Supremacy in the this nation. Hes poured fuel on the fire. We have a president with a fox fox toxic tongue who has publicly and unapologetically embraced the political strategy of hate, racism and division. David lets bring in wall street journal columnist and deputy Editorial Page Editor Dan Henninger and columnists kim strassel and bill mcgurn. Dan, americans, folks in real america outside the beltway, what do you think their reaction is to politicians trying to score political points on the basis of these shootings . Well, i dont think theyre shocked, david, but i certainly think theyre depressed by it. It was extraordinary even to me, im i