Network Dagen Mcdowell as always, pwc partner and cfr Mitch Roschelle and lindsey bell maria markets this morning, quiet situation going do what could be fireworks in next 2 days, dow industrials down 71 points, nasdaq down 27, Federal Reserve jay powell testifying before the House Financial Services Committee Later this morning, markets are watching specifically to see if powells comments indicate signs of a future rate cut, a lot of people yesterday, Jon Hilsenrath said, well, if its not july, itll be september, lindsey, you have a lot of thoughts on this. Yeah from the testimony today and tomorrow, im not speaking anything new out of fed chairman, he will stick to the language that we heard in june that hes here to support the Economic Growth that weve seen so far, i dont think we will hear anything about the change of Monetary Policy or any type of rate cut, how much it will be if there is one to come, and the thing i think that the investors in the market are really going to look
State bob joining us this morning along with tennessee senator Senate Armed Services Committee Marsha blackburn. 5 cohost Juan Williams, big 3 hours coming up right now. Fox Business Network dagen mcdowell, wall street journal assistant editorial James Freeman and former republican president ial candidate steve forbes, good to see everybody this morning. Good to be with you. Steve and i jumped into mcdonalds on fifth avenue, breakfast of champions. Make maria great again, even greater. Maria oh, my god. Thats right. Maria markets are higher, we had the powell conversation yesterday and, of course, testimony hit markets on the upside, we got that optimism once again this morning, the chairman jay powells comments about the rate cuts and and the backdrop for the economy, the central bank sounded doveish citing global and economic conditions, watch this. We look at a broad range of data, since the june meeting and for a period before that, the data have continued to disappoint. Lets go to
Ukrainian border. And first elements of a 3,000strong deployment sent to support nato allies, poland and romania. This afternoon President Biden was asked if war troops could soon be on the way. Not yet im not going to speculate on that. In particular thing that Vladimir Putin is looking for, sir in order to make i think thing hs he cannot g. U. S. Intelligence estimates paint a bleak picture of what could happen if russia invades. One estimate says ukraines capital city of kyiv might fall in 48 hours if poutin were to unleash his full Military Power and tens of millions of casualties and up to 500,000 refugees. Dont believe the apocalyptic predictions theyre called. Putin could conduct the Largest Military operation on land in europe since world war ii. Cnns senior Internationaliley Ukraine and also joining us from fort bragg, north carolina. Sam, ukraine doesnt seen worried. Rye not . Reporter two reasons, jim. First, as they regularly point out government level, countrys already bee
Ukrainian border. And first elements of a 3,000strong deployment sent to support nato allies, poland and romania. This afternoon President Biden was asked if war troops could soon be on the way. Not yet im not going to speculate on that. In particular thing that Vladimir Putin is looking for, sir in order to make i think thing hs he cannot g. U. S. Intelligence estimates paint a bleak picture of what could happen if russia invades. One estimate says ukraines capital city of kyiv might fall in 48 hours if poutin were to unleash his full Military Power and tens of millions of casualties and up to 500,000 refugees. Dont believe the apocalyptic predictions theyre called. Putin could conduct the Largest Military operation on land in europe since world war ii. Cnns senior Internationaliley Ukraine and also joining us from fort bragg, north carolina. Sam, ukraine doesnt seen worried. Rye not . Reporter two reasons, jim. First, as they regularly point out government level, countrys already bee
Ukrainian border. And first elements of a 3,000strong deployment sent to support nato allies, poland and romania. This afternoon President Biden was asked if war troops could soon be on the way. Not yet im not going to speculate on that. In particular thing that Vladimir Putin is looking for, sir in order to make i think thing hs he cannot g. U. S. Intelligence estimates paint a bleak picture of what could happen if russia invades. One estimate says ukraines capital city of kyiv might fall in 48 hours if poutin were to unleash his full Military Power and tens of millions of casualties and up to 500,000 refugees. Dont believe the apocalyptic predictions theyre called. Putin could conduct the Largest Military operation on land in europe since world war ii. Cnns senior Internationaliley Ukraine and also joining us from fort bragg, north carolina. Sam, ukraine doesnt seen worried. Rye not . Reporter two reasons, jim. First, as they regularly point out government level, countrys already bee