First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. We have tom thibodeau, the ceo and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. If you look back to the g20 meeting last month, there seems to be, if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalate things with fu catching people offg
The door. Doordash. Survey hear from the monkey ceo. First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. , the ceoom thibodeau and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. G20f you look back to the meeting last month, there seems , if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalat
Do little by comparison. He followed that up with another tweet saying the fed has made all of the wrong moves, a small rate cut is not enough but we will win anyway. The fed raised way too early, way too much. The fed is likely to cut rates but if it is only 25 basis be, as it is likely to the president said, too small for him but enough to satisfy the markets. Sheryl the president continues to attack Central Banks in europe, talking about the weakness of the euro. Its putting at the same results as the europeans would want. Michael its not working the way the president said it would. Interest rates are low across the world. As you can see, as the euro went down, so do european export order so they are not getting a boost from a weaker euro. Ourn thank you and now politics editor joins us to talk more about president s trumps tweets and not about the fed but Elijah Cummings in baltimore. Why is President Trump going after baltimore . Two reasons why he could be a target. Its because h
lord, inspire them to make a commitment to always do what is right as you give them the wisdom to discern it. open your hands to bless their work, supplying their needs out of the bounty of your celestial riches. mighty god, may your glory continue forever. and, lord, thank you for the commitment and competence of the great spring 2022 senate page class. bless them as they prepare to leave us tomorrow. we pray in your loving name. amen. the presiding officer: please join me in reciting the pledge of allegiance to the flag. i pledge allegiance to the flag of the united states of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the clerk will read a communication to the senate. the clerk: washington, d.c., june 9, 2022. to the senate: under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable jacky sheryl rosen, a senator from the state of nevada, to perfo
Down, the Eisenhower Administration release add cia cover story. It was supposedly a weather surveillance plane straight off course. On may 5th, it was announced that the russians shot down a spy plane. Aware of this, realizes we had just given him a golden opportunity to lay a trap. Because what he hadnt bothered to tell us yet is its a spy. And they had most of the wreckage of the plane and whatever else could be said about it, it was not a research plane, spy plane. Announces to the world not only did they shootdown the plane but they also had the pilot who is alive and ticking and can contest to spying. Now the cia cover story would no longer be believed. President eisenhower had to tell the world the truth. I want to talk to you about this u 2 incident. He also assured the nation that the u. S. Would still work toward peace with the soviet union in an upcoming paris summit scheduled for may 16th. All agree the long awaited meeting of the big four has gotten off to a bad start and