Army ranger welcome to the program thank you matthew good to be with you ed thanks for having so lets jump right in 1st your reaction to this Federal Reserve cutting Interest Rates by a quarter percent does this lend credence to a coming recession lets start with you chris. Well i think the fed is clearly concerned about some type of downturn but lets face it recessions are notoriously hard to predict and if we tried to bet every time the Federal Reserve cut Interest Rates it was going to recession we have lost a lot of money im betting that way i think what is probably more correct to say is that the fed doesnt see any signs of looming inflation and they dont want they want the economy to continue to grow without it with this past off without inflation but what you will see if theres one assumption made from this is anyone who is not refinance their home in probably the last 18 months is going to get out and do it because youre not going to find much lower Interest Rates ever again ro
Call for president of ukraine to investigate joe biden. First expressing disbelief and calling it witch hunt and president ial harassment. House minority leader later at the capital. This election is over, i realize 2016 did not turn out way Speaker Pelosi wanted it to happen. She cannot change the laws of this congress, unilaterally decide for impeachment inquiry. Should mention 2 3 of House Democrats say its time to impeach and President Trump says he will release the transcript of the phone call with ukraines president. More on the response tonight on abc7 news at 6 00. Dion lim, abc7 news. Within the last hour the White House Press Office Issued a statement slamming House Democrats. Reads in part attacks are partisan and pathetic and dereliction of constitutional duty. Also says the Trump Administration will be vigorous with the facts and standing up for the men and women who elected him. Sent out alert of this breaking news at 2 14 on the mobile app this afternoon. One way to stay
Good morning. Whether this will really make a difference for passengers bus. A new british record and a silver medal for Dina Asher Smith you may not bejumping at the world athletics you may not be jumping forjoy when championship in doha. A brilliant performance but not many you hear the weather today because we have more heavy rain coming in people there in the stadium to watch it. From the south west which will good morning. After such a wet and exacerbate the situation we had at the weekend but before that, a lot windy weekend for part of the uk, of dry weather, some sunshine and some fog patches in the west. I will today, we are off to a dry and have more later on. Bright start before many more heavy rain sweeps in from the its monday the 30th september. Our top story south west later. I will have more the conservatives are aiming inis south west later. I will have more to get their Party Conference back in 15 minutes. On track following allegations about its monday the 30th septe
In the middle of one myself so this is good news for me not today but all joking aside i think this is a prudent move right now because there is somewhat of a slowdown when im not doing political punditry analyzing the economy and ive been seeing the prices of gold going up theres other telltale signs that theres some some confidence waning in the economy im a little bit concerned about my Party Just Getting ahead of the horse ahead of the game here and talking about recession we just need to be more careful and mindful of whats happening right now with the economy but matthew im concerned that if you notice that last democratic debate there was not one question asked about the economy which is always the paramount issue of importance to voters. Chris chris want to you talk to us a little bit inform our audience about the this level of drop in Interest Rates whats the context of this historically is this sort of unprecedented how low the rates are or is this kind of par for the course
Both sides did hold phone talks adding recent contexts dont have the significance that the president suggested. President trump and treasury secretary mnuchin were asked about that report and here is how they responded. I dont know what you mean by that low level, the vice premier is low level, i dont think so. What is the position of the gentleman who was quoted in the newspaper today . Came out with a very significant and we communicated the vice premier of china thats not low level. I agree the statement that was spoken before me was are you ware of the calls happening . President trump and his french counterpart Emmanuel Macron will hold a joint News Conference, perhaps as soon as half hour from now well see. When it is held, of course, we will go live to it a lot to digest this morning i guess first thing i would share to you to bring it back to the markets, making my usual calls this morning of a number of asset managers, you get a resounding theme, which is this is an untradable