Of whats happening right now with the economy but matthew im concerned that if you notice that last democratic debate there was not one question asked about the economy which is always the paramount issue of importance to voters. Chris chris want to you talk a little bit inform our audience about the this level of drop in Interest Rates whats the context of this historically is this sort of unprecedented how low the rates are or is this kind of par for the course. Well i think. The fed doesnt see any looming size of inflation so you do get concerned about some level of potential downturn at that but the cup bottom line is the reason why you drop these rates is not for is not to bring on or to stop a recession its to continue the growth that is going on and right now weve had on personal growth going back to the end of the last administration i think thats what the fed would like to see continue weve got on president unemployment the lowest unemployment in history for overall the most i
Army ranger welcome to the program thank you matthew good to be with you ed thanks for having so lets jump right in 1st your reaction to this Federal Reserve cutting Interest Rates by a quarter percent does this lend credence to a coming recession lets start with you chris. Well i think the fed is clearly concerned about some type of downturn but lets face it recessions are notoriously hard to predict and if we tried to bet every time the Federal Reserve cut Interest Rates it was going to recession we have lost a lot of money im betting that way i think what is probably more correct to say is that the fed doesnt see any signs of looming inflation and they dont want they want the economy to continue to grow without it with this past off without inflation but what you will see if theres one assumption made from this is anyone who is not refinance their home in probably the last 18 months is going to get out and do it because youre not going to find much lower Interest Rates ever again ro
In the middle of one myself so this is good news for me not today but all joking aside i think this is a prudent move right now because there is somewhat of a slowdown when im not doing political punditry analyzing the economy and ive been seeing the prices of gold going up theres other telltale signs that theres some some confidence waning in the economy im a little bit concerned about my Party Just Getting ahead of the horse ahead of the game here and talking about recession we just need to be more careful and mindful of whats happening right now with the economy but matthew im concerned that if you notice that last democratic debate there was not one question asked about the economy which is always the paramount issue of importance to voters. Chris chris want to you talk to us a little bit inform our audience about the this level of drop in Interest Rates whats the context of this historically is this sort of unprecedented how low the rates are or is this kind of par for the course
Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. Now the market shrugs. The dow is going to be off 40, s p maybe four, nasdaq down 17. Marginal fractional losses. Weve got a lot more for you. Boris asks the queen to suspend parliament. And a new poll, how is joe biden doing now . Varney company is about to begin. Stuart all right. Here are the latest results from the quinnipiac latest poll. The democrat field, biden 32 . Warr
We are awaiting an update from the mayor of dayton, ohio, any minute plus doctors in el paso are briefing the media. They did so overnight. Watch. It was a long night. It was a long day. Large volumes of blood and blood products were used. I know that the Blood Centers here in town had a tremendous response from the community. People coming out to offer to donate blood. Extremely critical. Thats the Life Saving Force that we give to people. Maria President Trump tweeted condolences a couple of times this is the second and most recent he says god bless the people of el paso, texas and god bless the people of dayton, ohio ill be speaking exclusively to Kevin Mccarthy coming up and ohio congressman tim ryan, but we begin with fox team coverage, jeff paul is standing by with the very latest from el paso, but first we go to our Chicago Bureau for more on the situation in dayton, unraveling. Good morning. Reporter maria the latest update this morning nine people dead at least 26 People Injur