State bob joining us this morning along with tennessee senator Senate Armed Services Committee Marsha blackburn. 5 cohost Juan Williams, big 3 hours coming up right now. Fox Business Network dagen mcdowell, wall street journal assistant editorial James Freeman and former republican president ial candidate steve forbes, good to see everybody this morning. Good to be with you. Steve and i jumped into mcdonalds on fifth avenue, breakfast of champions. Make maria great again, even greater. Maria oh, my god. Thats right. Maria markets are higher, we had the powell conversation yesterday and, of course, testimony hit markets on the upside, we got that optimism once again this morning, the chairman jay powells comments about the rate cuts and and the backdrop for the economy, the central bank sounded doveish citing global and economic conditions, watch this. We look at a broad range of data, since the june meeting and for a period before that, the data have continued to disappoint. Lets go to
Iranian house has increased to half a billion tomans. And the second meeting of the Supreme Energy council was held with the presence of the president. Improving fuel consumption in the country is one of the axes of this sector. Energy and optimization of fuel consumption are the main agenda of the Supreme Energy council , an issue that, according to the president , is talked about a lot. Practical action in this regard. Less context it has been done. This is the second meeting of the Supreme Energy council , which is held with the presence of the president. On this day , we can explain about one billion cubic meters of gas, we can distribute more than one billion kilowatthours of electricity , we can distribute more than, for example, 200 million liters of diesel and gasoline. Let us explain that this is really honorable, but unfortunately, in terms of absolute Energy Consumption, the performance is not good and rather very bad, unless the institutions and the use of incentive policie
Disagreements and optimizing fuel consumption. A five year plan will be drawn up. Research and investigation of the performance of stateowned Petrochemical Companies will soon examine the sales and export assistant representatives of petrochemical products. The foreigner owes millions of dollars and the floods in germany are flooded, subway stations and Frankfurt Airport are flooded in germany, and planes are grounded in france. The government is forming a crisis to face the heat wave. Dear mohammad, welcome to the news section at 8 00 am. The second meeting of the Supreme Energy council was held with the presence of the president. Optimizing fuel consumption in the country was one of the main topics of this meeting. Energy and optimizing fuel consumption are the main agenda of the Supreme Energy council, a topic that according to the president there is a lot of talk about it, but little Practical Action has been taken in this field. This is the second meeting of the Supreme Energy cou
To buying and selling friends across the country. We begin with dom chu with the latest numbers. Its green across the screen, but the tech trade, which has been the leader for the last several days, and even months and quarters and years at this point, is the underperformer in todds trade. Well go through that in a moment. Its the dow up nearly 300 points, three quarters of a 1 gain there. So a laggard is the leader in todays trade. The s p 500, the broader measure, 5170 the last trade there, up about 20 points. At the highs, we were up 23. So near session highs. We were down 18 points at the lows of the session. Up one half of 1 there. And the nasdaq composite up 16,151, up 48 points, roughly 1 3 of 1 . So its the laggard in todays trade. I mentioned the technology trade. Crypto is part of that narrative right now. Bitcoin prices, currently down about 3. 5 , 64,800 and change. Remember, just in the last several days, bitcoin prices were above 73,000. Eit ether prices were above 4,000.
We are down on the hang seng index, jakartas coming online. We are also seeing u. S. Futures starting to also point lower. We have a series of data points, we should be watching out for trade numbers, inflation is out tomorrow. Im wondering if the market is starting to sniff out a soft inflation number. What is top of mind for you . Yvonne yeah. You mentioned what is going on when it comes to the macro picture. The whole recession debate in the u. S. Is lingering in the bond market. You have the likes of goldman, Morgan Stanley saying, save the move we saw last week that was a bit overdone and by treasuries, its a sign that that may be what we saw was a bit too far. They are talking about going bullish when it comes to the fiveyear for jp morgan, going along when it comes to 30 year tips. They are seeing signs that maybe we are not really the news did not really drive it. The boj was tweaking, the downgrade on u. S. Debt also all of which is what goldman is saying is not showing meanin