Which is a good thing for all parties concerned, and a very good thing for the world. As we continue to evaluate options and in response to iranian aggression, the United States will immediately impose additional punishing economic sanctions on the Iranian Regime. Neil we have not heard a response as yet from the Iranian Regime in response to the president s remarks. Earlier this morning the response to the attacks that were leveled at this american facility in iraq was that there would be more to come. We go to the cow guy, scott shellady, on the impact of all of that. How do you think this is sorting out thus far . Always risky to come to any conclusions before we know what happened, but what do you think . There still could be, well probably still have some scares. Who is kidding who. I was up every two hours last night checking markets to try to build a picture for myself coming in today. This is dramatic turn around from last night at 10 00 a. M. Central. Its a pressure cooker. We
Ive been saying this openly. And they have lowered too slow. He took 25. Some people were hoping for 50. He did 25. Im not thrilled with the fed, despite that we have an incredible economy and no inflation. Chairman powells job is safe . Yeah it is safe. Sure, why not . You paused . I dont pause. He has a job, im disappointed in it. Im very disappointed in him. Neil the job is safe because the president cant fire him. Once appointed unless serious malfeasance or crime he is there, he is there for another couple years. Of course the president is free not to reappoint him. That is assuming the president is still in office to decide that. Former Treasury Department economist under president bush 43 David Beckworth with us. Obviously he is not satisfied with the quarterpoint move. He wanted more. We got data today to indicate maybe the fed was wise to make the quarter point and add to that the caveat it is watching other developments. What do you think of the data and confluence and . We s
Manufacturing was steady with 8,000 jobs added there. Adp numbers coming out at a time where some people are worried about recession. It Shows Confidence businesses continue to higher despite those recession fears. It was the best month for private sector hiring since april. It is interesting, because yesterdays ism manufacturing number was a little weak. It showed some contraction. People were worried about that. This counters it a little bit. I want to look at Mortgage Rates as well. According to freddie mac the fixedrate for a 30 year down to 3. 49 . That is the lowest level in almost three years. What this is telling us, refinancing activity that weve seen will probably continue and low Mortgage Rates like this should stimulate the housing markets. Take a look at the top three dow component today. Intel, caterpillar, 3m, showing some significant strength there. So its a broadbased rally but you have got technology and industrials leading the way. Tomorrow of course, weve got nonfar
Market but bond market and this inversion of the yield curve. We can talk about what youre seeing, what people are telling you. The bottom line, if history is a judge this could mean recession is on the way. Reporter makes people so anxious, connell. Yields on two year treasurys rising above the yield on a 10year. First time since 2007. That date alone spook as lot of investors. The yield curve on shorter end, now as people call it inverted. The reason it makes so many people anxious, that means investors have less confident in the near term economy versus the long term economy. Normally if you loan money in this case to the government for a short period of time, you expect your principle plus a small payment, youre not loaning money for that long. If you lend money longer you expect a bigger pay back. That is the normal logic of the bond market. You get paid more for lending longer. When this pattern reverses like now, it signals a shift in the pattern, signals a problem for a lot of
border measure, blasted by trump. new york governor kathy hochul joins me live, to talk about what that means for the migrant crisis in her state. and, about the special election to replace disgraced ex congressman george santos. and, dynamic duo. my conversation with the actors who betrayed dr. martin luther king junior and malcolm x, in a new series that gives fresh insight into the civil rights icons, and their lives. i am jonathan capehart, this is the saturday show. we begin tonight with the tale of two candidates and the court system. president biden was dealt both a legal win, and a political blow by the special counsel s classified documents investigation. special counsel robert hur, a republican, declined to file charges against biden, but accused him of memory lapses and, quote, willful willfully disclosing government secrets. top democrats have slammed special counsel hers report, especially his description of biden as a, quote, elderly man with a poor memory. vi