Washington. That would be Federal Reserve chairman Jerome Powell and his Interest Rate policies. The president tweeted the only problem our economy has is the fed. They dont have a feel for the market and they dont understand necessary trade wars or strong dollars or even democrat shutdowns over borders. The fed is like a powerful golfer who cant score because he has no touch. Powell has continued to unwind at the feds historic intervention and exceptionally low Interest Rate policies that confronted the 2008 financial crisis. Bloomberg reports the president has discussed firing powell as a fed chair forecast more Interest Rate increases next year. In a statement, Top Democrats in the house and senate say its Christmas Eve and President Trump is plunging the country into chaos. The stock market is tanking and the president is waging a personal war on the Federal Reserve. The Treasury Department said other top regulators joined a Steven Mnuchin on a call today to convene the president S
Election for the speakership. She is now in that unfortunate position of being beholden to the left wing where she cannot be seen as agreeing with the president on anything until after she is speaker. If that is the case, we go into the next congress. Julie the camp firing back, her spokesperson saying House Democrats are united in opposition to the president s and moral expensive and ineffective wall. Allison barber picks a story from the white house, joining a slide with the latest. So the white house says that they are not going to back away from their demands for some sort of physical barrier at the southern border. President trump essentially says that democrats do not want to get on board with this because they do not like him. This was a big Campaign Promise that he had. Tweeting just a little while ago i am all alone, poor me in the white house waiting for the democrats to come back and make a deal on desperately needed Border Security at some point the democrats not wanting to
Guys nuts, he doesnt have a grasp of the issues, hes making brash decisions, hes not listening to the people who know the subject matter. But in public, if they go after him, they know they get a primary. This is a completely different Republican Party. Now, i think history will judge some of my colleagues harshly, that they didnt stand up to this president. But we start with another market cliff dive. The dow is down big, again, after a weekend that left investors scratching their heads and riddled with new concern over a coming financial crisis. Treasury secretary Steven Mnuchin today is convening the president S Working Group on financial markets, sometimes referred to as the plunge protection team. Word of that meeting follows news from unanimous in a future mnuchin that caught everyone off guard. Were told secretary mnuchin is now in the president s crosshairs for how things are going on wall street, the president , they say, blames mnuchin for the state of the stock market. Here
New year. Kevin spacey facing charges in the Sexual Assault of a massachusetts teenager. This comes as spacey published a bizarre video. You wouldnt rush to judgment without facts, would you . Search teams are now scouring wreckage looking for survivors in indonesia of tsunami, already killed hundreds. The tsunami is believed to have been caused by eruption of a nearby volcano. Meanwhile, mt. Etna is erupting in italy, forcing the closure of the airport on sicilys eastern coast. Worshippers and tourists alike visited Bethlehem Church of the nativity. Pope francis residing over Christmas Eve mass in st. Peters basilica. A 60year tradition that not even the partial Government Shutdown is able to stop. Santa is on the move this is hccording to the Santa Tracker. Hes got a long, long day. Quijano jeff glor is off tonight. Im elaine quijano. This is our western edition. The selloff accelerated today on wall street. The dow plunged more than 650 points, continuing on the road to its worst de
Five months apart killing 346 people. What does this mean now this morning . What it means from boeing is that the software fix is number one priority absolutely. To make sure it is clear to everyone, what we are talking about here, this is software that is supposed to keep the plane level when the nose starts going up. It is supposed to automatically bring it back down. In the lion air crash what happened was the software got a false reading from a censor and kept pushing the nose down and they fought back and forth until the plane crashed. In both instances if this is all correct. It is all tracks that way. It does look that way and that makes the steps by boeing even more important. Thank you so much. Joining me now mary is also an attorney who represents victims. You were flagging the similarities in these crashes from the very beginning. What do you make then of this preliminary finding as is being reported in the journal . First and foremost, its very important that they have thi