State bob joining us this morning along with tennessee senator Senate Armed Services Committee Marsha blackburn. 5 cohost Juan Williams, big 3 hours coming up right now. Fox Business Network dagen mcdowell, wall street journal assistant editorial James Freeman and former republican president ial candidate steve forbes, good to see everybody this morning. Good to be with you. Steve and i jumped into mcdonalds on fifth avenue, breakfast of champions. Make maria great again, even greater. Maria oh, my god. Thats right. Maria markets are higher, we had the powell conversation yesterday and, of course, testimony hit markets on the upside, we got that optimism once again this morning, the chairman jay powells comments about the rate cuts and and the backdrop for the economy, the central bank sounded doveish citing global and economic conditions, watch this. We look at a broad range of data, since the june meeting and for a period before that, the data have continued to disappoint. Lets go to
You know, forhe a while stock and bond markets have been focused on three things, trade,r the fed andrate earnings. Today all three issues collided. First, presieant trump rd that the u. S. And china still have a long way to go before the two countries rch a trade deal, and he warned once again that hes ready to slap tariffs on another 325 billion of chinese goods. , seconew report said that retail sales increased more than expected in june, an indication that the consumer is strong. That could change the calculus for the fed and the likelihood of rate cuts this year. Third, earnings reports released so far have shown that Consumer Spending i strong, but business spending is slowing down. New reports like thesean often change a longheld outlook for growth, so we asked Steve Liesman to put together a realtime assessment of the economy. Thats where we start tonight. Reporter well, everyone seems to be expecting the Economic Party to wind down or even end, no one seems to have the told th
In the markets its about fed and Jerome Powell saying you know what, rate cuts can wait, but it is appropriate to cut rates this year. Pal reiterating what hes said before, but consider whether its appropriate this year. We also heard from Neel Kashkari, weighing in and saying maybe he sees two or maybe just one rate cut this year. The msci asiapacific index up about 3 10 of 1 . We are keeping and i csi 300 index. It is about the mpc. It states and we heard from the pboc governor saying there is still room for rate cuts. At rrr that investors have a wedding four. We also heard that they will make those moves if they need support in the market and weve seen some support in the market already. In terms of the csi 300 index, in positive territory right now. The yen front and center in the fx space. This office port of government officials saying they support the move to hike rates this year. To our top story, markets focusing on possible dovish moves. Before we get to that, we have breaki
american woman and assaulting another at a world-famous castle. do you know how much you have paid in hidden fees? i have no idea. a growing list of companies are being more up front when it comes to all those hidden surveys fees. this is a win for consumers in my view, and proof that our crackdown on junk fees has real momentum. norah: the new president of the nation s largest association of doctors tells us why treating patients is getting harder. we have a health care system in crisis. a government report revealed arizona s booming population will outgrow its drought-stricken water supply if action is not taken. if we do not have the water, we cannot build the communities. [siren sounding] norah: and an inside look at the nypd s newest fleet of all-electric squad cars. did you ever think there would be a day where you would be plugging in your police car? no, not at all. norah: good evening to our viewers in the west, and thank you f
after allegedly killing an americ wom and assaulting another at a world-famous castle. do you know how much you have paid and hidden fees? i have no idea. reporter: neu a growing list of companies are being more up front when it comes to those hidden surveys fees. this is one for consumers in my view and a proof that our crackdown on fees have real momentum appeared to be when the new president of the nation s largest association of doctors tells us why treating patients is getting harder. we have a health care system in crisis. a government report revealed arizona s growing population will outgrow its drought-stricken water supply of action is not taken. if we do not have the water, we cannot build community spirit [siren sounded] norah: and an inside look at the nypd s newest fleet of all electric squad cars. did you ever think there would be a day where you would be putting in your police car? no, not at all. norah: good evening, and thank