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Detailed text transcripts for TV channel - MSNBC - 20190730:17:48:00

ii, the 80s, the 90s, stock market in the dot com days. but yes. in part trump is directly responsible for the fed having to cut interest rates because as jay powell has said multiple times on capitol hill and elsewhere, it is the trade war that is slowing things down. business investment down 0.6% in the second quarter. exports down. the corporate tax cut, the entire argument was with that big tax cut we re going to see a boom, a boost in business investment and it s down. it is down. it was good in the first quarter and dropped off in the second. it was pretty good in 2017. but i think everybody, we on this show talked about it multiple times, this would give us a short sugar high from this tax cut. we would get a little bit of business investment, a lot of stock buybacks, a lot of dividends. not a lot of buying new equipment, not a huge amount of investment. that is exactly what we re seeing. ben white, thank you so much. this week one of america s oldest automobile factorie

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