Good to be with you. Im katy tur. This is a monumental day, the Federal Reserve cut Interest Rates for the first time in four years. This was an aggressive 50 Basis Point Cut or half a Percentage Point that will move markets and Mortgage Rates. It might also move the tide of the election. Federal Reserve Chairman Jerome Powell followed the announcement with a speech of his own, appearing to signal more aggressive cuts to come, indicating that inflation is finally under control, all of this, just 48 days before the president ial election. Big day. Joining us now, nbc News Business and data reporter, brian cheung, national Affairs Correspondent with the nation John Nichols, and director of polling at the Harvard Kennedy Institute of politics and msnbc political contributor, John Della volpe. Nbc Business Correspondent Christine romans will be here in just a second. Brian, i shall begin with you, explain what We Saw, and also tell me what he said in his news conference. Yeah, and its stil
Mine. Get your solar generator and free panel at for patriots. Com. Im Katie Bo lillis in washington and vin is cnn closed captioning is broughT To you by Sokoloff Law Mesothelioma victims call now 30 Billion in Trust Money has been set aside. You may be entitled to a portion of that money all when 8085920400. Thats when 800 8085920400 so a good number one President Biden, returning to the campaign, Campaign Trail this holiday to stump for Vice President Kamala Harris, the two appearing and together in the key Battleground State of pennsylvania for the firsT Time since harris took over the top of the ticket and israeli prime Minister Benjamin Netanyahu says hamas will pay the heavy price for the killing of six hostages. As pressure grows in and outside israel to reach a Hostage And Ceasefire deal were alive from tel aviv. Plus why the u. S. Just sees venezuelan president Nicolas Maduros airplane. We are following these major developing stories and many more all coming in right here. Su
Top of the hour, im alisyn camerota. Im victor blackwell. Good to be with you. The Vice President and democrats have a message for the gop, the fight is not over. Senate republicans blocked a vote, even a debate, on a sweeping election reforms bill. And progressives are calling out what they say is President Bidens lack of intervention. And some say that if he does not take a stronger hand on Voting Rights, they could block his infrastructure plan. Manu raju joins us. Reporter we know that there is a negotiation happening right now with bipartisan, a group of senators, as well as Senior Administration officials in the senate to try to figure out if there is a bipartisan path forward. The next 24 hours is pivotal. Democrats are trying to pass a smaller bill with about 1. 2 trillion over eight years, and a more massive bill along Straight Party lines. Theres talk of up to 6 trillion, but theres also pressure among liberals who say the bipartisan talks are chewing up too much time. They m
Dom . It looks like well try that recovery trade from yesterdays late day selloff here. Stocks are broadly higher and to a decent degree. 250point gain for the dow about 1 upside. The s p 500 still very much above that 3,400 area. Thats an area that a lot of traders are looking at as a pattern of support there possibly for the markets up 1 , and the nasdaq, believe it or not, is underperforming, only up threequarters of 1 as well so the nasdaq a key focus there. If you take a look at some of the things that traders are watching from a more macro perspective. Interest rates, especially longer term ones are a very key focus here we dont show the 30year long bond very often. We focus on the tenyear more but that move to the upside has taken that 30year long bond beeld 1. 592 above its longer term trend line or the 200day average yield for that particular Interest Rate 1. 52 is the level to watch there. That could have reverberations on the financial side of the market also then check out
A day. Yesterday that was a big head wind as the market did get up the s p just to the cusp of those old highs. We did it without the help of technology, of the big Growth Stocks everyone is talking about this rotation the nasdaq has had yet another of its fairly routine pullbacks so far it has bounced to maintain this up trend today yes, tesla helping it, but really it is the old favorites as well, just picking up the slack and the s p is right back to yesterdays afternoon highs before we had that shake out going into the close. Julia, david faber mentioning last hour the passing of Sumner Redstone, a legend in the content world. Coin that phrase content is king. Has a bit of feeling the end of an era, of course, he lived well into his 90s but what are your thoughts on what a figure like Sumner Redstone meant in his prime and who is defining this era right now. Well, certainly, jon. He was the ultimate media mobile of that raera. He was responsible for the consolidation of so much con