Continuing a trend that shows so far, university of michigan sentiment, other surveys were doing okay and things are going okay. In the middle of all of that, you have a report out of fedex saying were not doing okay. Telegraphing problems because of the trade war. The trade war is one of the big reasons why the fed will supposedly move today. It is all in what the fed lays out after it makes its move. The consensus seems to coalesce out of quarterpoint cut to Interest Rates. Would bring overnight lending rate from 1. 75 rate to 2 , from around 2. 25 we are right now. That can jostle wildly. Lets get the read on all of that Charles Payne, thank you for helping out on your world yesterday on fox news. What do you expect first off . 25 basis point rate cut in part because the wall street expects it, to such a degree yeah it is. If you think a trump tweet is tough, wall street selloff of several hundred points. I mean they, they really have the market cornered when it comes to temper tant
The Company Stocks of prices at 39 and rose steadily. Even as we worry about the economy ahead. Silicon companies are marching towards this. The ceo of forge which allows employees to sell shares before the company goes public. Lets start with this idea of these companies that are not yet public, that are so big. Give me a list. Spacex would be one. What else is on this list of companies we are waiting for . There are 40 companies today that are the size of what used to be a large Cap Public Company that are still private and these companies are now staying private for an average of 12 years, 10 years ago or 6 years. We talked about why companies are staying private, whats your opinion on it . Companies are trying to change the world and building something new and global. In the case of spacex, the most Cost Effective way. It is taking longer for them to mature. Because they have such great access to capitol, internationally, they dont rely on previous systems of Venture Capital. There
Walk away from it, its a doubleedge sword for the democrats to go bonn this sword. Maria it sure on, we know the activity that went on in terms of hunter biden. Well, its crazy, to be honest, i dont understand why people arent saying why president made the phone call which was to congratulate the president of ukraine on his partys landslide wins in parliamentary elections the week before, i was actually in ukraine and people are acting as if the president called out of the blue to talk about biden, i wasnt that, a call made for purpose and this might have come up. Maria we will get the transcript soon. On deck this morning chairwoman of rnc, Ronnie Mcdaniel to talk about hearings, texas congressman and House Financial Services Committee Member lance on house leadership and Fox News Contributor karl rove on impeachment hearings, former ambassador to un, new mexico governor Bill Richardson on President Trumps un speech, we have a lot to talk about this morning, top story is the white hou
Wall street is set to join that Global Equity selloff at the open plus, th juan falling to a more than ten year low versus the dollar China Central bank denying it is devaluing its currency shares of apple, theyre down, like everything else, or more, ahead of the opening bell. Which trumps tariff threats could mean for that technology giant. And potentially for the costs of the iphone we start, though, with the Broader Market stocks under pressure around the globe as u. S. China trade tensions escalate. Chinas yuan, which has now breached the 7 level for First Time Since 2008 is certainly a focus this morning in response to that move, the president tweeted this morning, quote, china trdropped the pric of their currency, called currency manipulation, are you listening Federal Reserve, this is a major violation which will greatly weaken china over time so, jim, were back in the concerns about china, of course, this following the decision last week by the president to put 10 tariffs on th
Currency with benign neglect in order to function as the reserve currency properly. And this is something we really have to take seriously in this particular environment trump can say whatever he wants politically. Mnuchin can say whatever he wants politically, but getting into intervention has always been a failed tool its never worked. And the concept that the Federal Reserve would cause it not to work by sterilizing is probably incorrect. Its not going to work in and of itself because nobody is big enough in that market to really drive the size of that market enough to have a noticeable impact excellent steve, glad to get your thoughts on that. Well go back to jon fortt and the gang thank you, steve pleasure. Good monday morning welcome to squawk alley. Im jon fortt with Morgan Brennan and david faber live from post 9 live at the New York Stock Exchange carl has the morning off and we have to begin with this selloff stocks are falling across the globe, as china devalues its currency