hello, everybody, welcome to inside politics, i m john king in washington. up first, some important breaking and exclusive new cnn reporting about the special counsel investigation, and that audio recording of the former president donald trump. sources now telling cnn that trump attorneys turned over material in mid-march, two and a half months ago, in mid-march, connected to a classified military document. the one prosecutors hear mr. trump describe on that audio recording now in their possession. that tape prompting a fresh subpoena from special counsel jack smith s investigators for any and all documents relate to general mark milley, the joint chiefs chair, or iran, sources telling cnn there s also a big unknown, whether that document in question, an iran attack plan, was ever actually returned to the government. let s break down this important reporting. it s beginning with the team behind it. cnn s kaitlan collins joins us from new york. paula reid is here with me in wa
to his senate committee assignment. without objection, it is so ordered. this hearing is entitled, monetary policy and the state of the economy. i now recognize myself for four minutes to give an opening statement. welcome back chair powell, congratulations on your confirmation as chair of the said. since you last came before the committee, americans continue to struggle to make ends meet as the price of housing, gas, and groceries have skyrocketed. while it is important for the fed to fight inflation, i would caution against any approach that ignores the fed maximum employment mandate and result in a recession, with millions of people losing their homes and jobs. i hope you also know, you should ve noted, last week the house passed my bill, hr 20 5:43 b financial service economic justice act which the federal reserve to acknowledge the impact of all of its decisions including setting interest rates of community of color and underserved communities. congress has a role in f
Period. Spending time back in our states with the folks we represent isnt just part of our job, more than anything else, it allows us to be effective here in washington. Now, one particular moment of my time back home has received its fair share of attention in the press over the past week, but i assure you, august was a busy and productive month for me and my staff back in the commonwealth. I kicked off the month in west kentucky and my hometown of louisville where i met with Small Businesses and community leaders. We had a candid conversation on the Critical Issues facing our state from relentless inflation, straining families and Business Owners to the challenge of finding workers in a lagging labor market. Also had a chance to travel to the eastern part of kentucky where i met with health care and recovery workers in manchester. Tragically, the Substance Abuse crisis has become Even Deadlier in recent years, especially in my home state. So we discussed what were doing to combat it
Ashley thank you very much, charles payne. Great stuff as always. Hi, everyone, im Ashley Webster in for liz claman. The dow is off 179 points and back blow that, i guess, psychological mark of 40,000. It breeched it in the final moments of trading friday but pulling back today. The s p 500 and back below 500 and so far so good and s p 500 will be a squeaker and needs five points for the 24th record finish of the year and tups 5. 87. Could be interesting. Reports from lowes target, tjx and big key events on wednesday, nvidia earning ands, yes, the fed minutes. Vice chair Phillip Jefferson saying cautiously optimistic about inflation fight but its still too early to tell if the slow down of inflation is long lasting. Very noncommittal. Itll take awhile to be confident on inflation. Take a look, 2year yield hit ago oneweek high in the session today. Two year at 4 hadnt 48 and 10 year up slightly at 4. 44 . By the way, the 10 year holding above that 4. 4 ever so slightly for the second da
You heard about all the crucial inflation data this week. We have two wall street legends say the s p is heading higher. They have the same target. Ed yardeni and sam stovall are both on deck. Lots of blowups on earning season. Before youre tempted to pick the bottom you must listen to erin gibbs. She has information you cannot afford to miss. She will be here at 2 15. You remember the song or movie, give them something to talk about . The fed is talking but here is the problem, is it communicating. Judy shelton on why the feds messaging is falling flat. I had the honor of giving my first commencement speech this weekend. I will give you my speech for the class of 2024. All that and so much more on making money. Charles so the market coming off really good week. This part right here is all of last week, doing pretty good, coming up pretty good for the year right now. Heres the thing. It needed to make a stand last week, right the 10year, the way the feeling of this market, the bounce,