Schiff and other democrats say in his july conversation mr. Trump president under pressured joe biden. And his son hunter over hunters financial dealings in ukraine. They claim with improperly asking a foreign leader with help, he actually held up military aid to make it clear to president that he should comply. President trump is come out with guns blazing. As you would expect. Blasting the investigation with every opportunity even using a curse word on twitter to describe it he denied he did anything wrong and said it was biden who should be investigated adding along with ukraine, china should be looking into bidens actions as well. China should start an investigation into the bidens. Because what happened to china is just about as bad as will happen with ukraine. In addition he has been attacking congressma congressmaf saying he should resign or be charged with treason. Others have been drawn into the impeachment trap including secretary state mike pompeo and the personal attorney r
Of apple power lunch starts right now welcome to power lunch. The green bouncing back. The major averages on track to end the week down about a percentage point check out shares of apple jumps on that production report. The stock is up more than 3 climbing back for the all time high of 232. 35 which it exactly one year ago today well have much more on apple a little later on. Expectations for a rate cut or two this year are on the rise this week. Federal reserve chair Jerome Powell spoke at a fed listen event. Lets get to steve who joins us from boston with the headlines kelly, the fed chairman speaking right now at one of those events with the fed taking up public commentary he is noting that the Unemployment Rate is near a half a century low which is what i would have said if the chairman hadnt said it he said inflation is running below the 2 objective its caused the economy in a good place which is the praise a lot of fed folks have used it does face some risk including low growth a
Economic expansion going. He is speaking at a fed is listening event at the headquarters in washington d. C. Where they make the decision whether to cut Interest Rates or not. Powell says the inflation is running close to or just and 2 target range. Some members of the fomc that the inflation under that target is a big deal. More people are making more money, yes, but that is not enough money there to put inflation pressures in this economy. That is a signal that the fed may undershoot Inflation Expectations again. And the chairman believes that the tools that are being used right now are effective on the economy. Although he does worry that the u. S. Economy as well as world economies are facing challenges like low growth, low inflation low Interest Rates. The reason he says low Interest Rates because in this speech he is concerned that the lower federal funds rate does not leave a lot a lot of room if tht downturn comes to support the economy. Now the fed is getting input at these ev
Controversy and whether theres a chance for bipartisanship on legislative issues that matter to the American People. Also with us this morning, a former attorney general, Michael Mukasey is here. He will join us on Speaker Pelosis claims that attorney general barr has, quote, won rogue. Then gone rogue. Then a very rare and unique interview on the tensions between the u. S. And iran. Right now, right here, sunday morning futures. Maria as democrats accelerate their impeachment inquiry, we are getting new reaction this morning from the two people squaring off at the center of it all, President Trump and House Speaker nancy pelosi. The president put out a video message on twitter arguing that the whole thing is politically motivated. Watch. Greatest scam in the history of american politics. The democrats want to take away your guns, they want to take away your health care, they want to take away your vote, they want to take away your freedom, they want to take away your judges. They want
Maria big show this morning, joining the conversation Dagen Mcdowell, chief Market Strategist art hogan and president ial candidate arkansas governor Mike Huckabee. Good morning. A lot to talk about this morning especially on day 2 of Federal Reserve meeting, Delta Airlines coming. Ed is here, chairman and ceo of the black stone group, Steve Schwartzman talking about his book. Oklahoma senator James Lankford also joining us this morning, dont miss a moment of it, we have a big 3 hours, top story this hour is oil, once again dropping this morning on news that saudi arabia will restore normal output and production levels by the end of the month as secretary mike pompeo meets with saudi arabia king prince salman to twin attacks on saudi oil facilities, iran is denying any involvement in saturdays strike with president Hassan Rouhani blaming u. S. For disruption in the region. Its not exactly going well for them. I think this was their attempt to break out and sort of find way to put press