neil: you were speaking with the president and mitch mcconnell and 7 out of 10 times we ve been in this situation, there s been budgetary adjustments, this is a rare occasion maybe by design, sir, where republicans in the house pushing this wants and immediate quid pro quo. we raise the debt ceiling, the cuts into into effect. that s never been done. that s getting the wrangling from the white house. where is the middle ground on this? there have been the budget control act in 2011 came out of conversations around this topic and ultimately led to spending reductions. what the house is trying to achieve here neil: didn t immediately, right? the only reason i getting a nuance like this, the democrats say they re trying to play a different game here. what is the procedure going forward that you think would work? i think that sitting down and actually negotiating out something that would represent
become increasingly a source of leverage, however i think in some ways because people have seen this movie before, to use an american expression, that folks really aren t taking it very seriously. you saw speaker mccarthy of course appear in new york at the new york stock exchange and the market didn t even really move, in fact it rallied a little bit so i think people will take this seriously, they will focus on this when we get closer to the x date and as you point out we don t know exactly what that date will be when congress really needs to raise that debt limit, it could be as early as june or as late as september but i do think the markets will start focusing on it when we get closer but as of now people are just sort of shaking this off because again, they have seen this movie before and they think they know how it ends. i think they know how it ends. i want to take you to india now because the state of rajasthan and its efforts to make healthcare a rate in india
some instances are 50% higher versus last year. they are putting more money on their credit cards, we re seeing credit card spending go higher meaning more americans are increasing the level of debt they have on their cards and it all feeds to 2023 if you want to see what the market is looking at a recession? recession, yes. does the market know that? yes. the fed told us this week rates will be going higher more. they were very aggressive in his testimony on wednesday. market didn t like it. this is why, because the story filters down to the american consumer and family that s telling you they are stressed, making less money, paying too much for butter. bill: you have the financial debate whether the fed is doing too much and not enough. here is steve forbes yesterday. you don t concur it by trashing the economy. it wasn t just the recession
turn yesterday, a lot is james boler, he said we are not done, the fed s work is not over. market didn t like that. the comments from john williams, new york-fed president, well made interesting comments about inflation, this is you can haish and not something the market wants to are had, listen to this. my baseline view, we need to raise rates further from where we are today. exactly how high the rates need to be will depend on the economy and how inflation evolve. we need to keep restricted policy in place for sometime. cheryl: in october, inflation numbers we have, what the fed, ppi, we have the number and consumer prices, cpi, 7.7% and the fed s target is 2%. go ahead, this is the most
shift into how the market didn t he left the industry in 2020, with a book titled, gunfight my battle against the industry the radicalized america, he joins me now. i ve read various accounts of the shift, i m curious about what you saw. what was the shift? when did it happen? why did it happen? chris, thanks for having me. so, much of the shift in the firearms industry predates the sort of radicalized political shift we saw in our country in the right, and trumpism. i grew up on a ranch as a gun owner, who valued responsible gun ownership, hunting and shooting with my father, those are things are still enjoy. but early on in the firearms industry, i think that cultural connection was being used and twisted to foment something that has become very nefarious. when the nra figured out that the use of hatred and fear and