announcements, still a couple hours away. edward lawrence where things stand. reporter: the federal reserve has not cut-rate since december of 2018. nowed administration would like to see 2008. the market is pricing in a 25 basis point rate cut at this point. if you look at the speeches over the past month or so, of the 10 voting members on the federal open market committee six of those, those six on the screen, have indicated they would favor a rate cut. now this federal reserve chairman jerome powell says that the federal reserve will use its tools to keep the expansion going. this is important, his language is important, not to head off a downturn but keep the expansion going. that could signal the federal reserve could act before they saw any numbers that represent a downturn. they are slow and deliberate in the moves up. a senior administration official says the president will call for a more aggressive monetary policy. the official says the president want a 50 basis p
night, more specifically the president of the united states, and, the iranian mullahs there, now of course, being fingered by the president not knowing meaning of word, nice, insulting statements. he says no more john kerry and barack obama. that is just for starters. blake burman with the latest from the white house. reporter: you had dueling comments coming out of the presidents of iran and president of the united states. first from iran, iranian president rue hassan rouhani. the iranian president called those sanctions quote, outrageous and idiotic. he also shot down the idea of any potential future negotiations between the nations adding, quote, they tell us to negotiate with them. if you are truthful and want to negotiate, why do you sanction or foreign minister at the same time? it is obvious that you are lying. well that clearly caught the attention of president trump as he took to twitter and fired right back, threatening at one point obliteration, saying quote, iran
china. right now, the dow is down only 56 points. the nasdaq has miraculously vaporized more than 120 points off its losses. it s now down just 33. even though much of the drama hadn t even happened this weekend, we tackled it all during our weekend with warren at the berkshire hathaway annual shareholder meeting in omaha. the enduring trade war with china, just one of the topics i talked to warren buffett about as we walked the floor there. a full recap of our visit with the $90 billion man. plus, we caught up with apple s ceo tim cook first on a fox business interview. we took a chat with the man who would be buffett as well. and charlie looks into the cbs/viacom crystal ball. less than an hour to the closing bell. let s start the countdown. the whole world is a continued tinderbox. liz: the oryal of omaha telling us he s concerned about the beat of war drums around the world. we will hear from him coming up. we need to get to this breaking news right now. mexican a
big banks and the government body set up to regulate them. ruling the world. a noncompliant gutsy whistleblower detonate the metaphorical device inside the previous powerful federal reserve bank of new york. the shameful regularity. new york fed and the wall street banks. welcome carmen. [applause] the mac i will rearrange this. this will not work for me. it is too high. like this are like this? i use it to climb everywhere. grabbing all the plates. a workout. yes. let me take this opportunity to thank each and everyone of you for being here today. a very busy place with a lot of options. sorry. the mac for now we will try. is? oh my gosh. it looks different from here. i do not like it. it wrote me off. i would rather be down there. i feel more comfortable speaking a little bit more. i want to leave plenty of time for questions. i do have a tendency to be very fast. if i talk a little too fast, like this. then i will slow down. it is normal because i get reall
i do a radio show every saturday morning for three hours. a national radio show. that runs here on wabc radio. we are livestreamed and syndicated. and i also do i write op-ed pieces to much constantly. some informal political consulting with my friends on policy. pretty much anybody who asks. so i am a busy camper. i m a grateful camper. life after the white house has been terrific. it s a real blessing. host: this is your second stint in the white house. the first being? larry: just a few years ago 40 years ago. a somewhat lower position. i was that economics deputy at the office of management and budget during the reagan administration. the director of omb was a fellow named david stockman who remains a friend of mine. that was my first job, in reagan s first term. host: your trip the 16 book connects the reagan revolution with jfk. what is the policy connection? larry: it s a story i ve wanted to tell for years. it has been in the back of my head. i worked with my pal,