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
By president bush. Have a listen. Always prepared, never haas been a country more prepared. I spent, i spent 1 1 2 trillion dollars. Were spending another 738 billion now. I spent 1 1 2 trillion dollars rebuilding our military. Obviously china is a threat to the world in a sense because theyre building a military faster than anybody. And frankly theyre using u. S. Money. Neil all right. So the president linking these two developments. Keeping an eye on both, iran and china, two very Different Cases to say it mildly, the target of iran is its central bank. Iran is all about black markets. Doesnt deal traditional fashion shipping out money. The central bank, trying to freeze assets coming in and out of there, the flow of funds there, might do that in the sort of the official diplomatic way but the fact of the matter, iran is notorious for finding endruns around that, working with other countries that help them find endruns around that. Well get the sense what this means with former trump
Christmas. Meantime they get 8 billion of aid going to texas. That is why were hearing right now of vote could be very imminent in the United States senate. It is expected to pass, with a lot of shaked nerves and a lot of tickedoff people. The market nonplussed by all the developments as stuart points out. The read that this is president firing a warning shot to republicans, if you dont clear the decks to get this tax reform thing done i will work with anyone and anyone who can. What is the business fallout from this . Who better to ask another billionaire entrepreneur, not president , rumored to be considering the job, Dallas Mavericks owner mark cuban. Joins us on the phone. Thank you for joining us. What do you make of this arrangement the president just had with democrats . Pure classic donald trump. I thought it was really smart. The thing about being a seas american like President Trump is, you want to keep deals alive. The biggest fear a salesperson has a deal would die. Working
This is to mom nan we get used. Travelers with specialized insurance area, not necessarily subject to what is going on in this state. Dan leonard, senior meteorologist looking at what were looking at. Dan, the briefing, everything coming up, the president is alerted how prepared the state and States Affected will be. A lot depend how long irma sticks around, right . Obviously and exactly where the landfall is. We dont talk about the specific landfall point. We dont focus too much on that. In irmas case that is important, ill tell you why. If landfall is key largo or so, that drives a big storm surge up biscayne bay into the greater miami area. Miami is normally protected by the barrier island, miami beach, right . When symptoms come in the east like they typically do, you get a breakwater effect and cuts down on storm surge. With the storm coming from the south, you dont have that. It could be much worse situation in miami with a storm of this magnitude had it come into the east. That
Neil if you had to handicap the way it looks in the senate, how does it look . Well, out of ten, last week i gave it an eight, today im going to give it an 8. 5. Im feeling very confident that weve worked this for many, many years, and i feel that were on the same page here. Neil you know, there is speculation, senator, that theres a rush in the senate now like there is in the house to get a vote this week in the house, maybe even very soon with roy moore and could he lose, it is problematic, 5149, is any of that true, the rush to get done . Weve been on pace to finish this either next week or the week after, here in the senate. I dont see any changes according to when or how any election, we know we. We want to do it end of the year. I dont think well get diverted. Neil how do you feel about the whole moore situation . Half the republicans in the senate now say, he should step down. Well i think you know the the the allegations are stunning. He should rethink his candidacy and steppin