Jerome powells chairman testimony tomorrow what he will tell the House Financial Services committee. Just released a more upbeat tone than he was in his last appearance before congress. He is going to say the Second Quarter gdp is largest drop in history. The coronavirus was met with swift action, swift and Decisive Action by both congress and the Federal Reserve. He will say because of that action he believes longterm damage to the economy may have been limited. Now powell welcomes a bounceback in Economic Activity he has been seeing. He says though the path forward remains uncertainty and a full recovery will be unlikely until people feel confident that the coronavirus has been contained and it is safe to go outside. Now he says Interest Rates will remain near zero until they are confident the Federal Reserve is confident that the economy has recovered. He says, the Federal Reserve will use their full range of tools in order to support the economy. Were looking at low Interest Rates
Brief. Lou quickly. President s position before the election was, as remy said i will leave it to state it should be left to the state, this is not actual intervention but for him to gottenvolved is unusual, only because elect is over. He would not have done to before. Reporter were finding out a lot of things he would not have done before that he is doing now. Lou remy spencer, and michael goodwin, and joe trippi. Thank you. That is it for us, thank you for joining us, coming up tomorrow, ubs chief economist will join us about what is happening to the market, and former new york state Homeland Security czar, michael bal bony on drones and others, thank you for being with us, good night from new york. Neil linked in, face the music and pay up, anything but nothing, you are big money. You can can afford to fork over some cash. Im neil cavuto, true, likes of linkedin and facebook not paying a penny in taxes to the federal government. To me is makes no senate all. Exxonmobil still evil if
Enforcement situation. The to have radically different approaches. We killed tens of thousands of american citizens, maybe hundreds of thousands with no due process in the civil war, and it was the right thing to do. [applause] john on that note were out of time. You want to discredit a movement, defend the confederacy. Go ahead. John ambassador bolton. No more time left. Thank you for joining us and taking these difficult questions. Students, thank you for coming here from around the world to learn about liberty. In a few weeks it will do another show with college students, but thats all for this show. See you next week. Ve a great ni. [applause] icting disaster if the 85 billion in arbitrary spending cuts to is not prevented. Well respect this president does a man of intellect and immense political acumen, a man of many seasons and parts, but he is also a man of many threats. The president wants to raise more taxes just a weeks after congress agreed to a higher taxes in order to Reac
Brief. Lou quickly. President s position before the election was, as remy said i will leave it to state it should be left to the state, this is not actual intervention but for him to gottenvolved is unusual, only because elect is over. He would not he done to before. Reporter were finding out a lot of things he would not have done before that he is doing now. Lou remy spencer, and michael goodwin, and joe trippi. Thank you. That is it for us, thank you for joining us, coming up tomorrow, ubs chief economist will join us about what is happening to the market, and former new york state Homeland Security czar, michael bal bony on drones and others, thank you for being with us, good night from new york. Neil linked in, face the music and pay up, anything but nothing, you are big money. You can can afford to fork over some cash. Im neil cavuto, true, likes of linkedin and facebook not paying a penny in taxes to the federal government. To me is makes no senate all. Exxonmobil still evil if i
The two men i that seals a j. C. Penney and macys. This brawl started back in 2011 and Martha Stewart was paying a prepense at macys and seven pennies. She started talking with ron johnson and suddenly the store announced a 200 million licensing deal only to have macys combine the back binder back. If that wasnt enough, macy decided to sue pennis to stop them, never mentioning mark the stars sent to muscles promote the brand. Theyre in court battling over whether the contract has damaging emails should be allowed as evidence. He says it can have two guys fighting over you and your 71 . I like the sound of that. Thats my 2 cents more. Thats it for tonight on the willis report. Thank you for joining us. Have a great night. Lou good evening, everybody. Im lou dobbs. Thank you for being with us. And now just over one week from the obamas cluster taking effect or should i say the unleashing of the sequester. Seemingly has his entire administration of full force forecasting horrifying events