wall street s nervous response. once the tweets started, the markets said oh, no. exactly. i think it s that tweet storm that really has put the markets on edge, because we have seen the numbers fall with each tweet that president trump has put out, especially the one where he s threatening to respond to china s latest retaliatory tariffs, promising that he s going to have a response later on this afternoon. so you ve got that uncertainty stirring the market up, making investors very nervous, which is why they are selling. one thing i have to say about one of those tweets that the president made, the one where he said once again the fed does nothing, at this meeting in jackson hole, wyoming, the fed isn t expected to take any monetary policy action. in fact historically it hasn t. it has to wait until usually its meeting that happens in september. the next meeting is september 17th and 18th. so if the president was expecting fed chief jay powell to take action, i think that s really
i hope that doesn t happen obviously but all of economic history since we first started selling rocks to each other outside the caves tells us the price of rocks will go down and what happens then to me, to my mind, is will people who have decided that calling people stone cold losers, that treating immigrants both rhetorically and in reality the way he has, the people who have let that go because i sometimes think of them at 401(k) trump supporters, that number is up so let people like me complain about it an go with it anyway. if that number goes down, what happens? and that s the great question. great question. and the president is focused on that answer. we re going to get into that on the other side of the break. if he can push the fed to drop rates and the keep the market up, the president keeps those
themselves so we have got to demand more from the turks and we have got to get the full picture of it from them and the collection capabilities. ambassador robert jordan, good to speak to you. thank you. complicated because it s not like we don t have somewhat of a complicated relationship with turkey. next, president trump complaining of rising interest rates again and so far to say the united states federal reserve was, quote, my biggest threat. markets improved in the last few hours. the dow down 40 points. here s the thing. the market up over 500. correct. the president saying this is great. why isn t the news talking about it? we talk about it all the time. market shot up in and sure jay powell didn t lower rates yesterday. exactly right. you are watching velshi & ruhle. e.
economy, then i think he may results, a market up 400 points and the biggest job number in two years. i think donald trump feels good right now. voters did elect him after the access hollywood tape. they knew what they were getting. there you go. exactly. stick around. up ahead, could there be another high-profile trump administration exit. not kelly or mcmaster. but shulkin. the head of the v.a. is raising new questions about his future. .it starts a chain reaction. .that s heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that s the power of and.
one with regard to small small businesses and their ability to come together and get insurance as a group, and the second one are these short-term duration plans, and i will expand on that. so the short-term duration plans these were plans primarily set in place where somebody lost a job or was between companies and they needed insurance for three, four, five months but they were limited to a maximum of 12 months. those plans don t have to comply with every little detail in the original obama plan. when president obama was in place, that 12 month restriction was brought down to three months. so basically it was really a short-term solution. what president trump did is soap that back up to the what president trump did is open that back up to the original 12 months which basically opens a market up for people to go and buy a plan that doesn t comply with all the rules that obama