you are. that s why i said what i said to chris. this is an issue democrats are supposed to be working on together. instead, two senators holding their own party hostage. all this as congress has to act before midnight tomorrow to avert a government shutdown. chuck schumer says he s got an agreement with republicans for a stopgap funding bill and they will vote on that in the morning. and no pressure but they ve also got until october 18th to suspend the debt ceiling so the u.s. can pay its bills. the house voted to do just that tonight but the bill is all but certain to fail in the senate and let s remember what s at stake here. if congress doesn t act to raise the debt ceiling, social security payments get hit. the stock market tanks, plummets. mortgage rates rise. and we could lose millions of jobs, millions of jobs. all that and the gop is willing
we have the prognostications for the last few days and weeks a recession could be looming. if that happens, people around the president feel like that would undermine his case for reelection, and send him into a real political problem. finally, and this obviously seems obvious, there s a suggestion here that the current strategy isn t working. he s in a lose-lose situation because either he goes through with his bluster about china and the stock market tanks or he doesn t, and he is a big loser because he can t get a deal with china. he really is in a box canyon here. he can t get out, and what s fascinating to me, i would go further than you went. i mean, he acknowledged yesterday the first time that he is consistently and constantly lied about tariffs. he acknowledged that the american consumer pays the costs of tariffs. what does christmas have to do with it if china is paying for
days of the stock market and as i said, when the fed cut the interest rates back last wednesday the stock market began to crack and, first of all it s important to note that the stock market that the fed only cut interest rates because of the trade war. the trade war is weakening the any, the fed had to cut interest rates, the stock market cracks, kind of recovered from that. but then on thursday, the president walked out and announced he was going to apply tariffs to another $300 billion of chinese goods on september 1. the stock market tanks as you can see here. even then, the stock market kind of bottomed out but then sunday the chinese as you said in the intro weakened the currency and that was the scariest thing of all to the market. because trump previously comes out all the time and says i m going to put tariffs on this or and that. sometimes he does, sometimes he doesn t. it s a negotiating tool. but once the chinese retaliated like that and then last night sorry, yes, yest
only have to work one job to have a roof over your head and food on the table. ainsley: here to react is host of making money on the fox business network charles payne. what do you think about those comments. listen exaggeration and old talking points. i will say friday the jobs numbers come out and people more people are working two jobs. we don t know why. sometimes it s because of opportunity. one of the things that s ironic for democrats because they talk about life work balance and the ability if you want to go in at noon and work until midnight, businesses should be accommodating. that s what people are doing too. people work fog uber and lift. th lyft. women working total amount of women in the workforce is 5.6%. numbers going up but not anywhere near the catastrophe that democrats are talking about it being. pete: she sort of mocks the stock market. it s not just about your 401(k). if the stock market tanks
this guy is a completely irrational person. here s the fascinating thing about this, because trump put his finger on it when the government shut down before, before he was in office. the president always gets the blame. if the stock market tanks, which it will at some point if this goes on for any length of time, trump is going to get the blame, whether it s his fault or not. that s what happens in politics. the top guy always gets the blame. he s going to have to figure out a way out of this. the longer it goes on, the more problems for donald trump. all right. howard, susan and charlie, as always, thanks so much. happy new year. happy new year. the search for answers surrounding the deaths of those two migrant children in u.s. custody. a former official with immigration and customs tells me what he thinks is most critical. ! (girl) nooooo.