President ial candidate steve forbes, great to see everybody this morning. Good to be with you. Maria a lot to talk about, dagen, missed you, wanted to get your take on complaints and whistleblower complaint that we will be declassified. Dagen right, acting in front of Congress Later this morning, declassified last night. Again. Let the American People see it in. I will leave it at this. Will democrats try to leave the. , the intent is to essentially destroy the economy and prevent everything from getting done that would benefit the American People like the canadamexico trade agreement. It looks like they are not maybe even impeach him but just destroy the economy because of it. Uncertainty they maria theres no u. S. Mca, nothing gets done legislatively and its amazing to me that they could stand there and pursue the moves when, in fact, at tend markets, investors, voters are going to blame them for that, steve forbes, what do you say . Its going to be a thin excuse when you have 6 or
New York Stock Exchange will start. Edward of course with you, youre the man of the hour. I guess jay powell is. Take us through the day. Reporter heard what he said there, 25 basis point cut to the federal fund rate. There was very divided fed we saw here. Very divided committee on the fed funds rate. There were three dissents. The last time there were three dissents in the opposite directions, december 2014, five years ago. We had st. Louis fed president jim bullard who believed there should be a 50 basis point cut today. There was esther george, kansas city Federal Reserve president and Federal Reserve president of boston Eric Rosengren believed there not be a cut at all. The Federal Reserve is not forecasting recession as we go forward. Theyre not forecast anymore rate cuts this year however chairman Jerome Powell pushed back on that a little bit, that theyre watching the data coming in. Things may shift related to that, looking at volatility and uncertainty out there. Listen. What
Nancy pelosi announced an impeachment inquiry on the part of the congress. The speaker and her radicals ignored a number of critically important but difficult facts for the radical dems including the socalled whistleblower who didnt have firsthand knowledge of the phone call, may not have a protected whistleblower status as all if working outside the intelligence community, and who still remains an unidentified person as of this hour. For the latest including the president s reaction, we turn to Edward Lawrence in washington. President trump taking to quit twitter to respond to the announcement. The president and the series of tweets calling this a witch hunt by saying president ialma harassment president ial harassment. Hes shocked this process is starting. This is why they say its good for the election. But you know what . Its bad for the country. How can you do this if you havent seen the phone calls. Reporter the House Speaker telling the American People the president violated the
House here. Now, bolton was very vocal about the president s policies specifically related to north korea. Hes concerned about that strategy there. He also according to sources had a phone call with the president about afghanistan, that became heated in that phone call last night. Regardless, bolton is out. The way it played out is kind of like a soap opera here. Now the president tweeting out this, saying i informed john bolton last night that his services are no longer needed at the white house. I disagree strongly with many of his suggestions as did others in the administration, and therefore, i asked him to resign. Now, minutes later, bolton tweeted a response saying that i offered to resign and the president says lets talk about it tomorrow. But no mention of being fired. Now, bolton was even scheduled to be at a briefing today. Instead, he offered a very frosty and direct resignation letter, just two sentences. Thanking the president. Now, in that briefing today, secretary of sta
Partsinevelos, Jonathan Hoenig and liz peek. After an attack on saudi oil facilities, will President Trump be able to drum up support for action against iran . What do you think, liz . I think it is very difficult, the european allies in particular want to preserve the so called jcpoa, the nuclear deal with iran. They have their own selfinterests and mercantile interests at heart. They want to do deals with iran. The minute the deal was concluded they were in iran negotiating all kinds of pretty large scale export projects and stuff like that. They want that to continue. There was a little bit of a breakthrough today when boris johnson, obviously the new head of the u. K. , said he was interested in possibly doing a deal, and irans foreign minister also talked about how maybe we could do a new deal with perpetuity of inspections and restraint on building a Nuclear Weapon in exchange for perpetuating the lifting of sanctions. So theres movement, but its a pretty tough sell. Thats the mo