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Welcome to power lunch. Scott walker the dow off the lows of the day when it was down nearly 300 points on the trump comments we just mentioned the s p 500 coming back a bit. The nasdaq the big loser down more than a percent. Check out the small caps in the transports, goth groups rebounding yesterday, but sinking deeper into correction territory. More on those moves a little later. As scott mentioned, stocks in the red as President Trump told reporters no deal is coming with tauschh china. Reporter the comment by President Trump calling into question whether talks with china would even happen next month is what moved the market because it raised expectations those new tariffs september 1st could go into place. Listen were doing very well with china. Were talking to china were not ready to make a deal, but well see what happens we have an open dialogue well see whether or n ....
Ones Michael Beckel joins us now for a discussion on congressional leadership pacs and how congress uses the money that flows through the. Before we get to that report, remind viewers what issue one is. Guest issue one is a relatively based here in washington, d. C. Dedicated to political reform. That makes usngs unique as we are certainly bipartisan and our mission. We have put together coalition of former members of congress, former governors, more than 200 from all 50 states, both parties, almost a 50 50 split between democrats and republicans, all urging for more transparency in election, more government accountability, so we are very active on ethics issues and political reform issues. Host and how do you go about doing that . Guest we do a number of things. We have got a small policy team working here in washington at the capital, pushing for new legislation. And i am the head of our research program. I am a former reporter ....
Again, that wasnt the perceived goal here. That was the perception among his supporters that think its gone too far. Lets get more from Griff Jenkins. Thats right, neil. Fox news confirmed that former President Trump is indeed in the courtroom right now. He entered at about 3 52 p. M. So just under ten minutes ago. Hes wearing a blue suit, a red to you. Flanked by his two attorneys. Fox has confirmed that we expect him to plead not guilty to the four felony charges hes facing in this indictment. Three are conspiracy charges, one is obstruction. Before he entered that courtroom, a little less than an hour ago, his motorcade entered the garage here at the federal courthouse. He was processed and fingerprinted. Theres no mug shot taken because the court says theres plenty of pictures of him to provide. Hes not arrested. But he is obviously being processed. Now we wait for this < ....
Suits against and that happened time and time again. I asked the office how much has been spent and they wouldnt give me the figure. Anytime the any time the legislator asks for the figures on the Appropriations Committee thats wrong. We should receive those numbers so we can do a better job. But the point of the budget this year. We were given a 7. 2 billion budget bill at 10 a. M. In the morning on the last friday of the session and the first vote was that 12 32 and a half years later when the legislators dont have the proper time to review the budget we certainly cannot see the best type of budget for oklahoma. We must be responsible with those taxpayers dollar and make sure that the legislation that passes is constitutional and it goes back to the thorough review from one year and thats why we will see better legislation and opportunities. The money that is currently being wasted should quebec into the classrooms to ....
But all of us learned a great deal along the way about our profession, about the middle east, and about the promise of american leadership. Through sams remarkable journey and my own checkered thirtythree year career in the foreign service, i have learned that the middle east is a place where pessimists seldom lack for either company or validation, where skeptics hardly ever seem wrong. It is a place where american policymakers often learn humility the hard way, a place where you can most easily see the wisdom in Winston Churchills famous comment that what he liked most about americans was that they usually did the right thing in the end. They just liked to exhaust all the alternatives first. Ive learned that stability is not a static phenomenon, and that regimes which do not offer their citizens a sense of political dignity and economic possibility ultimately become brittle and break. Ive learned that change in the middle eas ....