Welcome to firing line. My pleasure. Id like to ask you aboutew reporting that has come on from bob woodward, that President Trump downplayed seriousness of covid19 d deliberately t misled American People back at the beginning of the winter. Sos noto t quote create panic. Your reaction, s. Theres nothing that anyone can tell me out donald trump frankly that would shock me. He lies all the time. And i want you to know, i dont say this about conservatives in general, weve got a lot of honest cove stivs out there trump is a pathological liar. Trump will say, in my view, say or do anything to get reelected. In terms of the pandemic, everybhay knowshe downplayed the danger to our y, counhat he has been at war with thecientific community, and that is one of a dozen reasons why he must beth defeat november. Every americans life has been altered by the pandemic, and you talk about your desire to build an economynd a government that will work for all of us, not just the 1 . Thats what said. How
This evening, nikki haley, jim jordan, steve scalise, and senator tim scott. Here is that session. A country where were judged by our character with dignity an respect for all. Belief that all are created equal, that lives matter irrespective of race, creed, or color. Committed to excelling beyond our dreams. Limited only by our imaginations where rugged individualism and american exceptionalism inspired the best in each of us. And when we see injustice to one, we act to fix it for all. This is our story. We journey together. We stand in the breach to preserve a way of life that while imperfect, has brought prosperity, honor, and dignity to generations past and will for generations to come. Four years ago, we faced a historic crossroad. Career politicians promising change every election. But delivering emptiness. We chose a different path. A man who was not a politician. A man who cares. A man who loves america. And all americans. A man who works works tirelessly for you. Even tonight
Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Lets see what happens when we get the feds announcement. The s p, thats coming off its 18th alltime high. Down a couple of points at the moment. The nasdaq is coming off its 38th alltime high. We did receive news of just over one million new jobless benefit claims last week, no noticeable impact on the market on that. That market, the investors, theyre really waiting for the fed. Five big tech stocks, theyre coming off record highs. Here they are this morning, premarket. Apple is up some more, but
Extremely that would send an already sagging market even lower to the weekend when President Trump spoke, he was so mad that the market was able to make a comeback, now ultimately dipping just 18 points the nasdaq surging 1. 29 lets understand our idea of measured response is not chinas idea of a measured response. I think theyre going to see this as a real provocation, and theyll feel compelled to respond, which brings us to the game plan for next week. Mondays all about retaliation from china at this point, we all know how this story goes, right it always is tit for tat every time President Trump lands a blow, its met with a counter blow we have to presume china escalates things, if only to show they understand the end game, which seems like containment or isolation except this time maybe were the ones being contained. For decades we refused to recognize the peoples republic of china and our government treated them like an outlaw or the outlaw that they were. Then president nixon in
Plus the billionaire tilman closing more than 70 restaurants that had just reopened because of the unrest in various urban areas. He will join us later and well tau talk to a ceo who just pulled the plug on a big money deal with facebook. This has Mark Zuckerberg starts an all hands meeting with his employees. Power lunch begins right now thanks. The s p 500 is on track for its third day in a row of gains despite everything going on in the country and the nasdaq is sitting 3 from record highs lets get to bob for more on those markets. Bob. For once, nasdaq is not necessarily the market leader. What were seeing today is energy, industrial stocks leading. Bank stocks leading. Its the reopening story and broadening story this is remarkable its been going on for three weeks. S p keeps going up but the leadership has been altered in the last few weeks in favor of those reopening names. I want to show you the megacaps because we start with them they have fwn driver of much of the rally in ab