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Tie, liz peek. And medicare for all President Trump could not resist, he weighed in. What do you think of the stock market react today, almost a sigh of relief. I said from the beginning, partially this, a big part of this, but also the fact that they didnt like seeing what they dont like joe either. Joe has become, you know a lot of people are with joe, you look at those people they are worse than bernie in terms of being radical left. Liz, are markets reacting to less likelihood of bernie socialist policies coming to fruition . Or do they like trumps odds again joe biden. They are reacting to the berb bernie slide, we know that because the healthcare stocks went crazy today on the upside. The diminished prospect of healthcare for all is good news for those companies, the more you see joe biden, the more i think he is incredibly beatable by donald trump. Markets were pleased either one could happen, other factors weighed in such ....
As appropriate to sustain the expansion of the fed sees longer run federal funds rate dropping from 2. 8 to 2. 5 . On inflation the fed closely monitoring inflation at it point. The forecast is for headline inflation to fall 1. 5 this year. The fed sees core inflation slipping to 1. 8 . Then in 2021 the fed sees a reversal, inflation rising back to 2 . On gdp the fed forecast as 2. 1 in 2019. The fed lowered outlook for unemployment this year to 3. 6 . The fed sees the labor market as strong right now but they say the rising economy at a moderate rate. Now the data shows that Consumer Spending picked up but Business Investment softened. Fed sees uncertain forecast of economy, jobs, ininflation. Very interesting statement but no rate cut today. Looking at one fed president or one fed vote away from a rate cut this year. Two fed votes away from two rate cuts this year. ....
Year . Plus shockwaves from d. C. To hollywood. The latest details on disturbing allegations of Sexual Misconduct made by a Republican Senate candidate, coming a month before election day. And Comedian Louis c. K. Responding to his accusers saying their stories are true. More on the reaction and the fallout. Among our guests this hour, tmzs harvey levin, North Carolina congressman, robert pittenger. Dr. Devi, from the nyu medical school. Steve forbes with us as well. Melissa the dow continues to sink, ending longest weekly winning streak in four years. Nicole petallides, on floor of new york stock exchange. And nicole, been a wild week for markets. I cant believe theyre loving the tax plans down there . That is exactly right. That really brought a little bit o ....
Stuart making people pay estate tax. He wants higher Capital Gains taxes to match rate of tack on income. I totally disagree with that, but that is the mans point of view. Neil bridging a gap, billionaire and on his Investment Income he is paying stuart varneyare, does that throwing it out there . Stuart no. Are we done . Neil lets see. Embarass him. Is he still a u. S. Citizen . Is he, i think we got everything covered. Youre joining me tomorrow. Stuart am i working with you tomorrow . Neil you are indeed. Very happy to hear that. Stuart im glad your happy. Neil irs provided all your documents so we should be ready to go, my friend. Stuart thank you. Neil as he paves way now to me, economy appears to be fading in First Quarter. You probably heard from stuart we grew all of. 7 of a percent here. Well flip this around, i ....
The academy, your coast guard commanders will explain their vision, and then they will trust you to get the job done. Just like i as your president will also trust you toc get the job done. Its amazing to think of the adventures that are about to begin for you. Across the country this month millions of other students are graduating high school, college. Many others are wondering, just what am i going to do . Theyre saying to themselves, what are they going to do. You know what youre going to do many, many students graduating from college right now saying what am i going to do . Where am i going to work you . Know it. You picked a food one by the way. You picked a beautiful one, a good one. Were really proud to have you, i can tell you. [applause] years from now some of them may look back and ask themselves whether they have made the right choice, whether they made the most of the opportunities they have been given. In the coast guard you will face many challenges and many threats but ....