enough to reduce inflation, which they re feeling in so many ways across the country. we have a series of moves to slow down how much money the fed pumps in the economy. this fact chart was a shacker that came out yesterday. you can clearly see how much inflation has spiked in recent months. let s bring in sandra smith. great to have you here. thanks, martha. martha: let s break down what jay powell did. sandra: clearly for those looking to him to reign in the inflation problem, it wasn t enough. from a market standpoint, they get the idea that the ease money environment will continue. the dow up 231 points. i spoke to larry kudlow last hour. he said this is too little too late. the wall street journal writing that the price of the
warning. cheryl, your thoughts. on the fox business network throughout the morning talking about the money angle of all this and digging into the numbers here. sure, $8 billion. how that money will be spent is certainly something that investors will want to see. from a market standpoint a lot of this has been kind of noise. the good news is the shutdown was averted and the markets are celebrating that. we needed to get more news out of the u.s./china trade deal and it will pick up next week in washington at the end of the day is taxpayer money going to be spent correctly and go to border cities where you get the most inflow of immigrants? what does it mean for the healthcare system? e.r.s and hospitals overrun with illegal imgranlts in the rio grande valley, phoenix, tucson. the broader side bar issues, an $8 billion potential barrier being put up between the u.s. and mexico will it save us money long term.
don t know about this but every country is calling every day saying let s make a deal, let s make a deal. it s all going to work out. do we think every country is calling every day and saying we feel good about this too, this is all going to work out? well actions might indicate otherwise. here s the point. the point is they may not be formally through front channels calling every day and day in and day out, but you can be sure a lot of folks on the diplomatic side of things from all of these countries are all trying to work through back channels or otherwise to try to see if a deal can get done. whether the u.s. has the amount of leverage you think it has, that s a point of debate and contention. we do know that a lot of markets around the world are starting to fair a lot worse than we are. if you look at the market standpoint, maybe there are investors and traders around the world who think the u.s. is in a better state of strength i guess, if you will. our markets are no
to his candidacy from day one. he has passed throwing the gauntlet down. i think he regretted that. now he called it a beautiful shut down in september or october. complications of houston and the reactions there. shut the government down. shut it down if you can t get the central campaign promise done. from the view of the people who elected him they expect it to happen. how long with the established republicans and democrats obstruct what he wants to do. i know you re falling this from a market standpoint, trish. will we see a government shut down? there is a chance we will. i say that i think he s serious about his campaign promise for the wall. if he s not serious he will suffer. i think there are a lot of people who are looking forward to that, in his base. it became very symbolic for him and what he stands for.
any of these guys. but i want to make one other point. the deal that s being discussed does not include the debt limit. so regardless of whether we strike one or not, we re going to have a bigger showdown. from a market standpoint and economy standpoint, that s much, much scarier. so who gets us through that? anyone? is there anyone left? your guess is as good as mine. he thinks the public is behind them. as he s seen, that s not exactly a compelling argument. so i think that that s the huge danger nobody is focusing on right now because that s not part of the discussion and that means we re going to go through all of this again in 60 days, 90 days. thank you very much. that s all for now on hardball. coming up next, your business with j.j. ramberg. wants that p. and you really don t want to pay more than you have to.