[applause] President Trump thats a nice group behind me. The seats are no good but youll become very famous tomorrow. [applause] President Trump well make their seat very good. Theyre happy. Theyre happy because of what weve donald because of how well our country is doing and our economy is doing. As a result of our action, e15 sales are projected to more than double this year. Think of that. More than double. Do you agree with that . More than double. [applause] President Trump more american ethanol production also means less dependence on foreign suppliers, by fully embracing e 15, we will reduce dependence on foreign oil by up to 250 million additional barrels every single year. I mean, quite simply, it means more energy and what can be wrong with that and its very good energy. That means our farmers are not only promoting our prosperity, you are protecting our security as a nation. [applause] President Trump america must never again be held hostage to foreign suppliers of energy, a
Record highs, unemployment for africanamericans are at record lows. Companies giving bonuses to employees over and over again, they keep telling us, the republican tax law. You know what . The Mainstream Media are barely noticing any of this good news, any of it because ill tell you why. It makes him look good. They cant allow him to look good because it doesnt fit on their narrative. Well have more. Showdown on capitol hill, that the democrats are willing to put our National Security at risk and cut funding for our military all over daca. The president is willing to work on a solution for dreamers while securing the border but the dems are not budging. Well have live report from washington. Nicole at the on the floor of te as we get near a new record. What do you hear about 26k, nicole . I have to tell you, when we crossed 26,000 at opening bell the hats came out. Everyone thousand point milestone is still a big deal. We have seen seven, today would be the 8thth 1,000mile stone since
Somewhat below 2 . The fed does maintain gradually rising rates. This should be anywhere between the 2 that, two rate increases that some fed Bank President s have been calling for like harker out of philadelphia to as many as four this year which some economists are saying could happen. The dot plot in december said we would have three. The fed also reaffirmed its 2 target rate knits annual statement. Jay powell will become the new chairman effective february 3, sworn in monday at 9 00 a. M. , trish. Trish thank you, adam. Joining me for reaction barrons Senior Reporter and gary kaltbaum, kaltbaum capital management. Gary, people were concerned Interest Rates move higher but shouldnt they . If youre in a better economy shouldnt we have threat of higher Interest Rates some point on the horizon . Isnt that normal . I have been saying for years the fed is insane the we have 4 unemployment. Gdp in the threes. Economy that is strong and fed fund should be in the 3s if not now, not higher.
Inflation market based measures of inflation compensation remain low. This was a unanimous decision not to change Interest Rates, but the key headline is that the fed is going to begin unwinding Balance Sheet, quote, relatively soon. Back to you. Adam, thank you very much. Okay, so if youre just joining us, the fed out with decision on Interest Rates and leaving them as they were, unchanged, but, of course, theyve got a lot of work to do in front of them to work off the 4. 5 trillion Balance Sheet. Joining me with thoughts on all of it as we watch a market higher. 97 points, bgc senior partner steve cortes along with our own nicole petallides. Were waiting on the white house, everyone, theyre going to have a press conference here. Youre looking at the live feet to us, at 2 00, with Sarah Huckabee sanders, dont forget Anthony Scaramucci saying the cameras are back on as long as he has hair and makeup. So well be watching for all of this. Big news day out of the white house as well, with
Thinks of these latest possible picks. Speaking of china, the communist country showing a stark warning today after the president elect speaks to the president of taiwan. Trump firing back saying he doesnt need their permission. After all, china doesnt play by the rules, so why should he . Why should we . Weve got the intel. But first, to blake burman outside of trump tower where just a short time ago the president elect met with al gore. Blake, we thought he was just going to meet with ivanka. What happened . Reporter thats right. We were told earlier today, trish, that this would just be a meeting between the former Vice President , al gore, and ivanka trump, the daughter to donald trump and of the trump organization, ivanka trump also an adviser no now to the president elect. We were told the topic would be climate issues. However, as we now know, the former Vice President spoke with the current president elect, al gore afterwards came down the elevators here at trump tower, spoke w