investors really liked what they heard from the federal reserve chair jerome powell. a 900 point relief rally on wall street. the market s best day in two years. it followed word of another half point short term interest rate hike, interest rates are rising, mark me words here, they will keep rising. the central bank is attempting to rein in inflation. and more half rate hikes are coming. right now, a check on s&p 500 futures, we showed you that before, they are leaning down a little bit after that big rally in the morning. or yesterday, rather. president biden says his administration s efforts to reduce the deficit appear to be working. speaking in the roosevelt room at the white house, he anticipates a $1.5 trillion cut in the federal deficit by the end of the year. i don t want to hear republicans talk about deficits and their ultra maga agenda.
right wing extremist i.d. card they encourage people to carry in their wallet. i m proud to be a right wing extremist. this group is hosting an event at liberty university tonight and tomorrow called the freedom federation. a number of speeches at that event have a revolution theme. among the speakers, the faith healer who we introduced you to on monday s show. i won t play sound of her, because we heard from a lot of people who found her too upsetting to hear. another is lou engel who we have covered at some length on this show. here s mr. engel waxing poetic about martyrdom at an event, that was just last november. even under martyrdom, god give me the grace, fasting, 12 hours of prayer. these are days of martyrdom. days are coming when we re going to have to risk our lives to stand for truth in this society. say, lift your voices, say, mark me now. mark me as a man and woman of the cross of jesus christ. say, mark me.
this i don t think is necessarily to come up at today s hearing. you think about the very powerful people in washington, the president, who uses twitter. this doubles his ability to get something out. tribute foreign policy related, a nod to a senator, who is not helping him. twice as many letters or numbers to phrase, go after them, needle somebody. dana: i am okay with the president, although i like the rhythm with 140 characters, because we got used to it and to make sense to me. i think there s so much nonsense on twitter that we do not need more. the whole thing about twitter, it was a microblog. dana: it was fun to figure out how to use language to get it into that 140 characters. i do not know what i will be doing. i will never go over 140 characters. mark me. self policing, dana perino. dana: the president pushing against the charges in the m