message ahead of the midterms. meanwhile hours away from the release of the affidavit that led to the fbi search of mar-a-lago and the redacted document that tells us anything that we don t already know. the latest in an escalating situation in ukraine, the largest nuclear power plant goes offline after intensive fighting sparked fires in the russian-controlled silo. good morning, and welcome to way too early. on this friday, august 26th. i m in again for jonathan lemire, president biden stepped back on to the campaign trail yesterday, with a fundraiser and a rally in the dc suburbs of maryland. he railed against maga republicans at both events. told donors, quote, what we re seeing now is the beginning or the death knell of an extreme maga philosophy. it s not just trump, the entire philosophy, it is like semi-fascism. the rnc came back with this statement, despicable, biden forced americans out of their jobs, transferred money from working families to harvard lawyer
little flat this morning, investors looking to add to what fed chair jerome powell says in jackson hole, in wyoming, later today, what you are expecting? well, the event we ve all been i waiting for. it seems, judging by u.s. futures, investors are in a wait and see mood. we will look at the pace and strength of interest rate hikes from the federal reserve. and the big question is whether the fed goes for a 50 basis points or 75 basis points hike in september. as for the trait into today, we saw back-to-back gains on wall street, the dow jones, the s&p 500 and the tech-heavy nasdaq all rallied more than 1%. in addition to the jackson hole speech from the fed chair today, we will get presh personal consumption expenditure data. that is going to be interesting to watch given the fact that the fed has made clear that the most important thing that will determine the direction of travel for policy is the data. american consumers are now