going to eke out and get to the war with some aid coming to ukraine, it s hurry up and wait. and that s because of the battle they re having on capitol hill whether it should be tied to border security funding. it s been the battle royale for republicans who insist on it and democrats who say that it shouldn t be part of this. griff jenkins has the latest from eagle pass, texas who are tying this border issue with so many others, griff. griff: neil, good morning. and you know, i am in eagle pass, texas yet again and i have spent more time in eagle pass than any other location on assignment this year because of a border crisis that continues to surge to record breaking levels. let me take you to the drone right here where we are in eagle pass and you can see every day, here we are, you see the buses lining up in the middle there. the migrants. it s actually a group of four or 500, they break them up into groups of about 100 and process them, most of them. i was just over there
inflation is beginning to slow down just a bit. we know now, they are going to continue to increase interest rates, but not as much as they were prior. what do you make of this? how do you think it s gonna play out? good to be with you as always. the fed is being, in a couple of weeks, they will raise interest rates again. it will probably be half of a percent, not three quarters of a percent. they re gonna continue raising rates until inflation comes down. the federal reserve s target of inflation is 2%. we re at 7.7%. it s coming. down it maybe peaked a couple months ago. but it s still wear it where it s not the where the fed wants. not an holiday shopping so far. we ve had good, online shopping numbers so far. holiday sales are gonna be a between seven and 8% over last year. so you re talking about good
want to bash trump every second that they can. his strong economy, the good fundamentals, the great, gdp numbers, they are not going to give him any credit. any time the market is volatile, it has all trumps file. we do have strong, economic fundamentals, that gdp growth, but we do have a lot of geopolitical things going on for the trade with china, that is looming, the 90 day truce is winding down. a lot of uncertainty in washington, as you mentioned in the last segment. we have a lot of uncertainty, and investors like certainty. the market is mixed signals. what is going on? two-thirds of our economy are consumer. low gas prices are great for them, so you have a mixed bag of all these things going on. you add to this, pretty confident consumer, right now. if you look at these shopping numbers, and i would say, impressive. definitely. i agree with you that the market is the leading indicator, for
trading down. they are acting very rationally to a very irrational person when it comes to trade. that s peter navarro. he goes out says donald trump. no, that s peter navarro. donald can listen to peter navarro or listen to larry kudlow neil: i do want to pause that. all of this selling was in place before the navarro comments. adam, let me get your take on the technology front. a lot of people look at this and say, apple, 40% from its highs. that s getting crazy. google under $1,000 bucks. amazon losing 4% today. on a day when the numbers are looking good and the shopping numbers and revenue are looking good. so now this sort of picks up frenetic activity that if you step back doesn t seem to have any reason. what do you think? well, i think it s the situation where each of these is different, which makes it that