but there s also the strong data coming out of the labor market. neil: jerome powell said this even after he and his fellow fed members unanimously hiked the interest interest rates .5%. so does jerome powell know something we don t know? the official number that might prove we re in a recession doesn t come out till tomorrow morning. here s powell sounding like the president showing no such concern today. so what to make of it? we re all over it with connell mcshane on how americans don t care what they re calling it, this recession is real and they re having a devil of a time dealing with it. edward lawrence on how the fed plans to handle it. and michael moore on how if a hard landing can be avoided. welcome. i m neil cavuto. first to lawrence on the move that a lot of people expected but the reaction that many did not. edward? it s very interesting that the federal chairman saying that we re not in a recession and we can avoid a recession and taking the same talking po
great to be here with you. zuckerberg is struggling right now. all of the tech titans are. focusing in on meta, facebook, these companies, they gave a lot of perks during the pandemic. they got time off, wellness, laundry work, more meals. zuckerberg doesn t want to hear questions about vacation right now. the stock is not doing well. he s pouring billions in the meta verse. he s pouring money into his vision of what he thinks the meta verse is. at the same time, they re raising the cost of the occulus headset and he s struggling with more investigations from the ftc. they re looking at on going antitrust issues. now he s facing an injunction. so it s coming from all angles. neil: i m not an expert on
the entity. like on an island somewhere last i heard. yeah, something like that but with many billions of dollars. and so and so, they so they are going to create this entity. and it s a question about what it s going be called and one of the rumors was meta. and then, someone else will be ceo of facebook and that that moves him out of the out of the line of fire, essentially. and takes the pressure off of him. and he still controls the company because he has pretty much complete control of the company including the board. so it s not like he is going anywhere. so the the meta thing that the meta kind ever thing like alphabet did. that is the re-branding that that there have been reports about you think? yeah. i think it s according to many sources i talked to this week, maybe maybe thursday but they are thinking about this because it creates it creates a layer between facebook and the other entities. they do have other companies. occulus. some of their fi