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post office, is going to legislate the salvation of mankind. meanwhile, the democratic party can even be bothered to clean up mountains of festering effluvia ends in the cities that they run with the one party in control and for people who actually do care about the environment, they would be advised to think twice before they attack a party so strongly. just look at china. they are the world s biggest polluters by far. tucker: so we haven t had time to do this but i m pledging now we are going to do this. spend a day with the camera at alexandria ocasio cortez s congressional district. is it a green thriving, clean place? no. it s a filthy place. so would you preside over that, how dare you lecture me about te environment? exactly and look at the hypocrisy we can t even necessarily call it hypocrisy because president obama may have spent
soon, that he is getting more negative attention when things go badly. santa had a 401(k) that took a hit this year. and if you are someday looking at the fang stocks, facebook, apple, amazon, google, all of the tech companies, they have had a rough go as well. lisa: that is an important point, the treasury secretary called their stocks all down this year, and typically in a rising rate environment, much to the chagrin, it should be up. most of them are experiencing low stock. jessica: this is not a political point, we should all be able to agree that there is a competency issue that went on with what steve mnuchin did. from the vacation in mexico he released a statement saying that there was a liquidity crunch when nobody thought that there was a liquidity crunch and put everybody on high alert about something that we had not been talking about. so yes, santos 401(k), discussing the stock market.
why exactly this call was held on a sunday right before holiday break. the other big concern for the market is not only the recent turmoil but how investors and consumers are going to respond to the rising rate environment after the federal reserve raised rates last week. the other topic will drag onto at least thursday. last week was a wild week for wall street. the s&p 500 is down 17.8% and the nasdaq is lower than 25% of its perspective highs. the climb are significance as investors are trying to understand what the federal reserve will do next and what the call between mnuchin with the ceo banks mean. and discussing the future of jerome powell. mnuchin is saying that he had
[laughter] this has come up again and again that maybe the federal reserve is looking to get back to normal, whatever that is, and because rates even with the uptick we have seen we are still half where they should be, i m told. to double them where they are now i mean, that will not go down well. it seems to me the fed and jay powell is blindsided by trying to normalize rates and get back to the neutral rate environment so let s say we have a december rate hike and they move in this lockstep which could be dangerous for the economy and dangerous for companies and forward guidance which boost their stock prices that could be dangerous if they re committed to not keeping everything on the table looking at the data which is getting back to the normalization and that would be one critique. i do think there s a firewall the president is critical of the fed but has not spoken to jay powell which shows there is independence. neil: i will point a finger at
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