Names mascots, redskins and indians feeing the heat. Is this moment of time being, i will ask former nfl star, Burgess Owens. All that and more on making money. Charles folks, really disturbing news over the weekend. We normally start with markets particularly when theyre up this big but we cant have prosperity without peace in the nation. That is the topic of the country right now. Cnn reporting that six people were killed by what they call gun violence t it was bedlam in American Cities this is before Police Departments are defunded. There are issues nobody is discussing. You have to ask yourself why. Why does the media insist blaming inanimate objects for the actions of human beings . I would like to bring in foxs liz peek with more. When i see the headlines gun violence may have killed five children it is heartbreaking. I dont know if we get to the root problem of this if were not honest. Other human beings are trying to harm other people, often people that look just like them for
You big bucks and more. All that on making money. Charles so the market has been seesawing all day long. Really all eyes on the Federal Reserve, chairman jay powell, what he will say tomorrow at the annual conference in wyoming. President trump tweeted about this today. The economy doing really well. The Federal Reserve can maybe it a recordsetting. The question being asked why are we paying much more in interest than germany and certain other countries . Be early, for a change, not late. Let america win big rather than just win. I want to bring in david dietze, moneymap press their chief investment strategist keith fitzgerald. Let me start with you. On one hand im sort of impressed with the market resolve. Yesterday we had slight inversion. We only lost 60 dow points. Today we had a slight inversion. We dipped little built. Last wednesday we lost 800 points. What is the message of the market right now . Historically, believe it or not, charles, this is actually a bullish indicator. Wh
Reading of the history of the fed. R more importantly is to look forward to what we presume chairman powell will do. Scarlet that enough it will come at around 3 00 p. M. Eastern time. He is set to make an announcement in the rose garden. Michael what do we really know about jay powell . A lot of people expressing ancerns about him not being economist. He went to princeton and georgetown law. He was a lawyer but went into investment trading and he worked a number of the biggest houses on wall street. Deals and then he went into government and worked for George H W Bush funding the government and supervising financial institutions. A lot of experience before joining the fed. What do we know about what he wants to do . Let us take a look at some of the things we know he has told us. He knows that economy is growing at about 2 , and we are close to full employment. Inflation is going to move up to 2 , according to mr. Powell. Low productivity is the biggest reason we seeing depressed wage
Billion compromise to address the Veterans Affairs scandal. Those involved in the intense negotiations say 5 billion is paid for with cuts elsewhere and the rest is labelled emergency spending. The veterans need Quick Response. And this is the way that we need to be able to make sure that veterans are not standing in line. Planes and tanks and guns are a cost of war. So taking care of men and women who use those weapons. Reporter the measure includes allowing veterans living more than 40 miles from a va facility to get outside treatment providing some choice and flexibility. I dont believe there will be a flight of all the veterans out of the system. But we dont know until we start this program. Reporter the scandal came to light in the spring when whistle blowers said they manipulated waiting lists to hide long delays and allegations that veterans died while waiting for treatment. It cost then secretary his job. The va is not sacred, the veteran is. Thats the most important thing for