and try and manage things when we are the other there ends up being a negative externality, and something that you didn t anticipate ahead of time. i do think he is going to soften, jerome powell. i think he sees the writing on the wall with everything else that s going on outside of our own borders. i kind of think the president should stop tweeting about it. david: although he is right when he said a couple months ago, be careful, fed. don t raise rates too much. he was right. melissa: he s right, i agree with him, i just don t know about the tweeting. katie: the president has been very critical of the fed, saying they kept interest rates unnaturally low, which, in turn, created all these bubbles for president obama, to help him politically. is the president asking jerome powell to do the same thing for him? katie: that s why we should end the fed. david: are we all for that?
jerome powell is damned if he does, and damned if he doesn t. if he doesn t raise rates today, everybody will say he s a wimp because he caved into the president. if he does, he s the grinch who stole christmas because it s going to affect the markets. the markets are expecting them to raise rates even though they are up 300 points, just because they think his statement afterward will be very accommodating. the world is going through a delicate moment right now. the economy over the entire world is getting slow. if the u.s. raises the rate, that could really push over the edge. it s not a good time. kennedy: no, it s not a good time. how would we set rates if we didn t have the federal reserve? specie with the free market, perhaps! [laughs] david: the gold standard! i like it. melissa: oil the gold standard. i don t know, the constant tinkering, to me, is a disaster. there s always unintended consequences. it s the very principle upon which the free market is built, this idea tha
kennedy: all eyes on the fed today as we await remarks from chairman jerome powell. market watchers have seen a turbulent few weeks on wall street, fearing another rate hike could derail a strong economy. however, the federal reserve s signaling they will raise interest rates once again, which would be the fourth time since he took over in february. president trump suggesting that the fed s moves are here hurtie county. his tweet david? david: feel the market, i love it. directly relate to the fed, today is my wife s birthday. happy birthday! i had to throw that in.
day on the job, welcome. jerome powell, the new fed chairman may have to rethink the plans to raise rates aggressively. to see this instability in the stock market may make him go slower. that is probably a good story. it is difficult in this world to decouple what we are seeing in the markets with the man in the oval office. the president has cheered the dow day after day and it is still up 33% since election day. if you get the gains, do you get the losses as well? number one, you live by the sword, you die by the sword. if he claims credit for things, what happens when it goes down? number two, i never could figure this out. many, maybe most of trump supporters, youngstown, ohio and bethlehem hates wall street. for trump to champion the markets goes against the basic attitudes of his base sgrch. we heard him in ohio
half miles. authorities remain on the highest alert level possible. let s get a check on cnn money streams. stockmarkets mixed. yesterday was a good day for retail stocks. especially on line retailers. look at amazon, it crossed $1200 a share for the first time. close the just below that. it s up more than 60% this year. on line sales hit record highs on black friday and cyber monday. today wall street is watching jerome powell s nomination hearing. he is president trump s nominee. that senate vote is set to vote this week. the president encourage the republican senators in a tweet to give us the much need the tax cuts. president also cheered strong new home sales and more stock market gains. it is true, the economy is doing very well and it is on his watch.