strong and you ve got a fed chair saying i may cut rates. the economy is strong, but it s slowing down. we re expecting growth in the second quarter of less than 2%. we re expecting growth in the low twos for calendar 2019, the national association of business economists say a 60% chance of a recession before the end of 2020. it is possible if we get into a trade war not only with mexico but with china, with europe, we ve got an autos decision that is also coming, that could become more powerful than a fed rate cut in derailing this ten-year economic expansion. certainly a rate cut is going to be good for the stock market in the short term, but the way expansions end as we ve discussed before is something bad happens to them. they get murdered. they don t die of old age. and a widespread trade war with multiple combatants, that could murder it. we ll find out.
Detailed text transcripts for TV channel - MSNBC - 20181021:15:35:15
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tower moscow. according to the washington post, one russian-born developer suggested trump visit russia, saying it would prompt vladimir putin to say good things about the u.s. presidential candidate, leaving many with uncertainty as we head into crucial midterm season. joining me now, reed stannish. reed, in your article you highlight the warning from the intelligence community report. and i want to share a quote. moscow will apply lessons learned from its putin-ordered campaign aimed at the u.s. presidential election to future influence efforts worldwide, including against u.s. allies and their election processes. we know we ve got elections college in november. why aren t we ready, the president could have won the election and still could have said, russia tried to interfere, let s take action. but he didn t. president trump has done nothing
next thing they know they re running mms, birnbaum. this is a classic example of both private industry screwing up and government screwing up. the people running the program for the government were not doing a sufficient enough job. did you like regulation when you were representing the oil companies? yes. some of it. did you think the government should have been in that business? the government should be in the business of protecting the safety. this is a federal land. this is government should we trust the oil industry now to make decisions about safety and drilling? should we trust the industry? i think we ll be a lot more careful than we ve ever been before. but should we trust them? yes. you say trust and verify. a reagan line. do we need regulation of these guys you represent? we may need more. let s see what happened. let s see how it s going to be fixed. let s take action. you say put a moratorium on deep water or not? i think you have a pause on d
and the characters they ve been putting in these offices. this person once worked for the house committee. next thing they re running mms. this is a classic example of both private industry screwing up and government screwing up. the people running the government were not doing a sufficient enough job. did you like regular lake? yes. did you think the government should have been in that business? the government should be in the business of protecting the safety. this is a federal land. the government should we trust the industry now to make decisions about safety and drilling? should we trust the industry? i think we ll be a lot more careful than we ve ever been before? but shoud we trust them? yes. you say trust and verify. so we need regulation of the guys you represent. let s see what happened. let s see how it s going to be fixed. let s take action. i think a pause on deep water.
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