Walk away from it, its a doubleedge sword for the democrats to go bonn this sword. Maria it sure on, we know the activity that went on in terms of hunter biden. Well, its crazy, to be honest, i dont understand why people arent saying why president made the phone call which was to congratulate the president of ukraine on his partys landslide wins in parliamentary elections the week before, i was actually in ukraine and people are acting as if the president called out of the blue to talk about biden, i wasnt that, a call made for purpose and this might have come up. Maria we will get the transcript soon. On deck this morning chairwoman of rnc, Ronnie Mcdaniel to talk about hearings, texas congressman and House Financial Services Committee Member lance on house leadership and Fox News Contributor karl rove on impeachment hearings, former ambassador to un, new mexico governor Bill Richardson on President Trumps un speech, we have a lot to talk about this morning, top story is the white hou
Here. Good to see you. Payne Capital Management president , ryan payne and fox business deirdre bolton. Good morning. Happy monday. Here we are ready to go. Dagen ive got cooler head, what i wrote down on my folder as i watched comments about a Angela Merkel and President Trump about the trade situation. Last week we saw the dow sell off, more than 600 points as more and more investor were worried about the u. S. And china not to be able to be on the same page in some sort of way, create a framework. Now with these comments, seems like indicating a higher open, thats all that investors care about. Business owners are thinking how will i adjust to this, whats coming. Any bright spot, green on the screens, there we go. Dagen exactly. Also this morning, American Enterprise institute u. S. Research strategy in asia, he heads it, zach cooper on china trade. Roger williams is here to talk tariffs and trade. Former u. S. Secretary of commerce, former kellogg ceo, Carlos Gutierrez on the g7 su
Announcements, still a couple hours away. Edward lawrence where things stand. Reporter the Federal Reserve has not cutrate since december of 2018. Nowed administration would like to see 2008. The market is pricing in a 25 basis point rate cut at this point. If you look at the speeches over the past month or so, of the 10 voting members on the federal open Market Committee six of those, those six on the screen, have indicated they would favor a rate cut. Now this Federal Reserve chairman Jerome Powell says that the Federal Reserve will use its tools to keep the expansion going. This is important, his language is important, not to head off a downturn but keep the expansion going. That could signal the Federal Reserve could act before they saw any numbers that represent a downturn. They are slow and deliberate in the moves up. A Senior Administration official says the president will call for a more aggressive Monetary Policy. The official says the president want a 50 basis point cut today
The rug out from under them that isnt really too shocking coming from speakinger ryan. Simple majority votes in the house before taxes go to the senate. To make them permanent in the senate you need 60 votes or more. This would not be done if he had his druthers if he had budget being sill ages. Is he sending a signal in order for Lasting Impact and value, and if he truly wants them to be permanent, then going the budget reconciliation route, will only require simple majority in the United States will not be enough. You will have to go to get a 60vote win, a 6vote margin allows permanent tax reform. Aa to president bushs tax cuts. They sunsetted after about 10 years. Now the question is, is he sending a signal both to the administration and to his colleagues in the senate, we can not afford to do that. Tax cuts are one thing, we have to welcome them, but we have to go for something much bigger that would involve going past budget reconciliation to something getting 60 votes in the sena
Kicked it. An old lady walked up and called Law Enforcement because she said there was a strange package just how casually we still are not aware of how endangered our lives are. Then you take that and all of a sudden theres another Police Shooting ing charlotte, North Carolina, and oklahoma almost at the same time. Charlotte erupted. It was literally. I not believe my eyes. You know, i bring the terrorists in because listen, there are people who hate who we are, who look for opportunities to find a way to bring about further destruction on american soil. If you notice in charlotte the first day was peaceful, but on opportunest criminals who could care less about the situation, they want an opportunity to vandalized, they want an opportunity to loot. We saw it in l. A. Riots. E people are not even part of the community. What if these terrorists decide that this is an opportunity for us to go in and do what we have been trying to do for a long time. So i asked in this conversation today