Improve the quality of both monetary and fiscal policies and in particular the public understanding of them. Under the under the very able leadership of david wessel, weve worked to promote analytical rigor but also to make complex questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bott
In europe, also eagerly anticipating the jobs report fractional losses across the board with the dax down 0. 2 a check on treasury yields, we have yields, the tenyear specifically, the lowest level since november of 2016 1. 96 on the tenyear. The 30year at 2. 47. The countdown to the employment report is on. Forecasters polled say the u. S. Likely added 165,000 nonfarm jobs in june the Unemployment Rate is expected to hold steady at 3. 6 . If those predictions are right, it wont likely be enough to discourage the fed from cutting Interest Rates later this month. Well have a lot of predictions about all of this. A developing story off the coast of gibraltar British Royal marines interce interceptintercep intercepted a super tanker they believed the super tachktar was heading to a syrian oil rig. Iran has demanded the tankers release. U. S. National security adviser john bolton praised the move calling it excellent news. Wti is down a percent. And samsung saying its Second Quarter profit
candidates ready to take it on. we can t wait for that one. south carolina senator tim scott is here. former texas congressman will hurd is here. one is a lock for the debate. the other is getting close. guess who else is stopping by? none other than the chairman of the president s council of economic advisers. republicans might be pounding inflation these days, but jared burnstein has a question for them. what inflation? what a show. it begins right now. welcome, everybody. i m neil cavuto. so glad to have you. get ready for a lot of this. yeah, even in the case of iowa, we re still a half a year away from all of this, all of these boxes, so little time to get to that. to rich edson on why you would never know this thing is still half a year away. rich? neil, feels like caucus time. it s about 50 degrees warmer now. several of the republican presidential candidates are in iowa over the next few days. florida governor ron desantis is scheduled to campaign across seven iowa
reeling from the mass shooting in uvalde, texas, that killed 19 children and two adults, shaken by another mass shooting at a hospital complex in tulsa, oklahoma yesterday that left four people dead. they found the first victim, then the next victim. reporter: biden plans to call on congress to take action, as lawmakers try to hammer out gun reforms. so far, biden wary of giving too much optimism. are you confident congress will take action on gun legislation, sir? i served in congress for 36 years. i m never confident, totally. it depends. and i don t know, yi don t know about the negotiations going on. reporter: during his visit to uvalde, the president hearing pleas for change in washington. earlier in the month, he had traveled to buffalo, new york, the site of another mass shooting that left ten dead at a local supermarket. the shooter targeting the black community. i promise you, hate will not prevail and white supremacy will not have the last word. but evil
First, Special Counsel david weiss, much criticized for his handling of the Hunter Biden Case, now kind of slips in under the wire here before the time runs out accusing the president s Son Of Illegal Gun Procurement given that he was on drugs at the time. These charges could hold a hefty maximum jail time, a first time offender. The max would be 25 years in jail. Hunters lawyers claim the agreement that could have kept him out of prison, they say it should still stand and no doubt they will continue to argue that. Weve got all of this Breaking News ahead. Were going to take to bill mcgurn of the Wall Street Journal, Andy Mccarthy is here and clay travis and Matt Whitaker. First to david spunt who has been Breaking News on this all afternoon. Lets go back to him for the latest. Good afternoon, martha. We knew this indictment was coming soon because Special Counsel david weiss office said in a filing a couple weeks ago they intended to indict before september 29. We didnt know it would