pondering this, what do you say. >> i cannot fall asleep thinking about this, virginia. ashley: i thought north carolina because of the wright brothers in kennedy hawk, i'm going with north carolina, the answer is we were both wrong, at least we were consistent, maryland is the answer, college park airport has been in continuous operation for 115 years when opened in 1909 founded by the wright brothers and has an aviation museum on site. ashley: i went to school right by that i did not know they had it airport. ashley: did you really, now you can get some sleep because you don't have to fret about it anymore, we are out of time, let me take a quick look at they're down, up 130 points or thereabouts we will have luck unto well over 200 before we come back a little bit, "coast to coast" is next, take it away.

>> this is the number we are following because it comes down to what the overnight lending rate and how much is going to be changed, 60%, bedding that is going to be possibly up to a half a point cut, although everybody's unified on at least a 25 basis point cut, well, i am neil cavuto let's get right to that causeway capital management ceo and uncanny read of the markets, good to have you first off. i know you follow all the markets, you're good at following technology and i'm wondering for the markets and may be specifically technology, doesn't matter if it's a quarter or a half a point? >> it probably does not, thank you for inviting me, what is more important, the underlying symptoms and whatever it is that causes the fed to cut is alleviated and that's the impending solving of the economy increasing an appointment, those matter more. >> the expectation whatever

cutting is the start of a new cycle of interest rates coming down, do you agree with that or could this be not so predi predictable, there could be meetings where it does not happen. >> my causeway colleagues and i we debate this clearly but there are so many reasons to believe the fed does not need to be in a hurry, certainly one of them is the chicago federal reserve financial condition index which looks like it's getting looser, not tighter, then we look at credit, we see the booming of credit reaching $2 trillion in assets under management and then the building of investment high-yield borrowers to get whatever they need, money is abundant, m2 growth picking up sharply from its lows of last april, plenty of fiscal spending, lots of fiscal stimulus, other than all the equity markets, they're all

doing very well, where is the problem, you don't really see it yet. neil: i am wondering it's been a weird time even as far as last month for the magnificent seven, the golden technology issues that don't look so golden anymore, i'm wondering where a lot of people are saying i saw one public it might've been the financial times, i might be wrong, that is so yesterday, it's very hip like last week, what happened, what you see happening now, where is the money going, is it really leaving or flattening. >> the rest of the s&p 500 seems to be picking up a bit more interest, the concentration alleviated somewhat, that's very healthy for markets we believe, there is a reason why the magnificent seven has done so well they supported that with earnings and extraordinary balance sheet strength, there may be a cloud to get over alphabet now with the litigation problems but underlying that is

one of the most amazing business plans any of us have ever seen, unless there is very stringent intervention in these companies that would be likely damaging for an economy and we spoke earlier we are trying to support through a rate decrease, those stocks should continue, maybe not to lead the market but to succeed and perform above average over the next five years, turned to see what would disrupt them. >> i know it's normal and a presidential year for the markets and averages to move up, it's been pretty consistent since world war ii, it looks like we will do that again this year unless a horrific reversal but how do you see it into next year. >> if you can give me a crystal ball all speak from a valuation perspective, that's what we do we value stocks globally and you know that's inexpensive, is

trading at 18 times next year's earnings and one might argue that vulnerable, underneath the surface there plenty of stocks in the beauty of equity market and there aren't seven stocks there are thousands globally markets my b-flat in a massive evaluation to non-us, some that my close somewhat as markets improve. , again lowering rates should be rocket fuel for markets we think some of this although not the 225 fed fund future cut that is priced into the end of 2025, were not sure that's in equity markets yet but it's coming, equity markets are the most incredible discounting mechanism and if the fed does not deliver that might make them a little wobbly looking to next year. neil: very interesting of course you're referring to the fed

funds rate 225 basis points that's what they're expected to be by the end of next year, that will bring us around -- >> that's the decrease, three and a quarter, three to half% we will see if that's the case year from now, it was very good having you, thank you for joining us on that. we want to remind you the big fed decision is coming on wednesday the today meeting kicks off tomorrow we will have special coverage with the fed decision day meant for hours in the conference, what are we going to call we offer to fed decision day that will cover "the big money show", charles payne, liz claman, 1 - 4, commercial free, some of you say they got a long time without commercials, now you know why. , in the meantime now you know ryan routh, at this time yesterday do i daresay nobody on the planet it didn't ring a bell but he's the guy who allegedly

tried to assassinate donald trump yesterday in florida, were getting more details as he was formally arraigned today, david spunt has more on all of this. >> he made his first appearance in federal court on west palm beach facing to federal firearms charges possession of a firearm by a convicted felon in possession of a firearm within obliterated serial number we got hold of a complaint that was released on the federal docket according to our produce in court he was laughing and looking around while talking to the public defender he told the judge he understands those charges and more charges from the d.o.j. are suddenly possible but these two are enough that the government believes to keep him in custody, the secret service, d.o.j. and fbi taking different pieces of the case, the fbi investigated the suspect himself, his background a potential motive in the secret service looking in the mirror doing self reflection about how this happened on a several u.s. officials told fox news the secret service not staff to

handle trumped the way they handle joe biden or kamala harris, the reason joe biden is the sitting president and kamala harris is a second line, while donald trump is a former president and in a unique position as a candidate who wants his old job back he is still that, former president, barack obama and george bush have protection as do bill clinton and jimmy carter, trump security apparatus falls in the middle of the ex-president i mentioned in the current president biden and vice president harris, once again there are secret service conversations that are underway to change the perimeter wherever he goes. and just not beefing up the perimeter as if he is the current president. neil: thank you very much, david spunt on all of that, charlie gasparino looking into all of this and the political turmoil that could unfold especially have this turned out very differently yesterday, what you hearing. >> inside of the trump camp people talking with the

president, listen i don't think this changes howe wants to essentially addrg points and basically the media and kamala harris together and joe biden are lying about the economy, they keep saying it is fine and it's really not it's fine for rich people in its fine for money in the stock market but if you're the average guy, gal, grocery, home, schools everything cost more, he's going to say the border is secure, they're going to tell you the border is secure, it is not, the media and kamala harris are wrong about that, how does a town like springs old ohio take the dogs and the cats out of it but 20000 immigrants to stand upon the one small town in a couple of years, that is a stress on the economy. he's going to hit on that from what i understand and stress on social services. you may see him obliquely and

knowing trump probably not to obliquely there trying to silence me on this, that is where this thing can get really interesting and that's where people will connect the dots with what went down yesterday. i think it is full steam ahead for the campaign on those points, the silence of aspect of this meme so to speak with baked into the equation earlier because is going to make the case to try to put me in jail, bankrupt me, one guy tried to kill me now to. this is all part of his strategy going forward. he is obviously strong ground on the economy, on the border, based on the facts and people distrust the media for not explaining those issues where they see it right in front of them and they think they can exploit it whether he can effectively, i don't know, that is his plan, it is interesting,

it's the home stretch right now we will hear a lot in the next couple of days. neil: what comes around to go around, charlie gasparino on that, the former president has talked to fox digital earlier, the same right now the rhetoric of president biden and harris is getting some to act on that he said of the gunmen that the rhetoric is causing me to be shot at when i am the one who is going to save the country and they are the ones who destroyed the country, that this type of rhetoric from others is what leading this, again he answered pretty strong words and i'm going to get into that a little bit with the reuters white house correspondent f mason, rhetoric can work both ways and i'm glad the former president is okay but this is the same guy who is blaming haitian immigrants for eating cats and dogs, this is

the same guy who argued that his administration had allowed and condoned babies getting killed after delivery, both were outright distortions he was called on the debate no matter what do you say with the moderator that was something you assumed had to be called on, he made a number of racist comments about kamala harris, i understand the victor all the times that he is zeroing in on his opponents as a cause for this and they are the ones causing him to get shot at, what did you make about. >> to the point that you made a very good, the rhetoric that president trump has employed particularly with springfield has led to some of the violence and threats that are happening there, it is hard for me to say to what extent of the rhetoric that he is accusing the

president and the vice president of employing any impact on the two assassination attempts that he has no experience but certainly it is something he is highlighting to get his base and as your previous guess was saying to encourage people to draw those connections and connect the dots, either way setting the rhetoric aside, let's be clear is outrageous and deeply disturbing that the president, the former president has faced these two apparent and let it assassination attempts, but the rhetoric piece is another thing besides the people on both sides are certainly studying. neil: i'm old enough to remember the two assassination attempt on gerald ford to say nothing some years later five or six years later with president reagan, we live in victor all the times in extreme partisanship, that is not new this year anymore than it was in any of those years but

it's a dangerous trend that this could galvanize those on the left and the right to act out their frustration with the system that is falling apart and for the former president maybe he did not want this to be his intention contribute into that and fueling the fire so to speak on an incident that was directed at him. >> i think some democrats would agree with that assertion and that conclusion. one thing president trump, when he was in office and before and after he was in office, sometimes does not necessarily acknowledge that words have an impact and for example, the issue that you mentioned about springfield and talking about the on the debate stage, that has an impact in the community, broadly from both sides, surely the political discourse in this country in general people will

say is way too heated and the divisions are very, very strong, the fact that there have been two assassination attempts on a presidential candidate in 2024, it is incredible and as i said before, deeply disturbing, i think you would certainly hear from the democratic side and perhaps from the former president side the concert over the rhetoric in general is something that many people would like to address by bringing the temperature down and there is an effort to do that after the first attempt that we saw on tv which is a little bit different from this one and it's interesting how that has changed the tone about it but there was an effort offered to that you saw the former president in the very beginning of the speech of the rnc to adjust his tone and change toward the end of his speech, you also saw the current

president making it address from the oval office to discuss the attempt on his predecessors life and there's been a discussion to bring the tone down before but here we are in september and that does not seem to be working in the gunmen acted on highly inflammatory language of democrats, and of course, you can go back in time in which there was a lot of supporters of george wallace when he was shot at in 1972 and paralyzed and for conservatives that was a popular theme at some time. it does go around both ways, i get that, you mentioned the first assassination attempt on him and both are low-key, did not last very long, in this case the reaction was fast and furious, this is a preview of

coming attractions, i'm kind of worried about the next show. >> let's hope it's not a preview to coming attractions, i hear you and i think that is a concern across the country, what is coming next, what will happen, depending on the results of the election in november, that is a concern that i know people washington are preparing for and general again as president biden and vice president hearers and no excuse for any violence including political violence, political violence is certainly what we are seeing. neil: to get back to the bigger point in the selection as a continuous to move forward the polls are tight as a tick, whatever progress kamala harris is making at the democratic convention, he picked up a little bit after the debate but by and large, you look at all the back before and since, were

kinda back to where we were, what will move the needle, there might be some response to this assassination attempt, that's indeed what it was, how do you see this playing out. >> you are absolutely right that the race is very, very close i've spent time on the trail with vice president harris within the last week she's getting big crowd and energy on the democratic side is absolutely real but that does not mean, she continues to describe herself as an underdog and she's doing that in large part because of the polls, the national polls have her up a tick you and your viewers know the polls the turnout in particular in the swing states, they remain very, very tight, i don't have a crystal ball about what's going to happen i think you see both candidates out there campaigning in those states very, very hard for the next 50 plus days and here is hoping that they're able to do

that safely and without any additional threats like the one that we've seen over the weekend. neil: i appreciate your measured answers into reporting without being a net job either way you just call up balls and strikes and report as you sick, it's always good seeing you. jeff mason on all of that, you know about the 30000 plus workers at boeing that are going out on strike, but we need responding not only did you hear from the cfo and ceo that this is coming out a perilous time for the company, it is freezing hiring in a bid to cut costs substantially as it deals with the workers strike and some argue could go on for quite some time, we have more after this. ♪

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♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. neil: the graphic might say tiktok feels the other way in the u.s. appeals court room, grady tribble has more on that, how is it going. >> the hearing just wrap in the first two attorneys from representing tiktok as a company

as well as people who make videos for tiktok and both of those argued that this particular law that could read to the divestment or possibly the band of tiktok because of the chinese parent company, they argue the law infringes on the first amendment right of not only the company tiktok but also roughly 170 million users in the u.s. , here is the attorney representing those content creators. >> notion gn adversary will spread ideas about political issues and social issues which is exactly what the government says it is brief, has never in our history being a basis for suppressing speech in this country. >> the department of justice represented some of the main concerns that we heard from members of congress as well as the president himself and these concerns may be unique to tiktok, china can push propaganda on tiktok from using it and it could be collecting

data on tiktok users. >> as u.s. copy really get into regulated in the united states the restrictive means, to say they want the chinese company to tell us the whole point is covid and we can pass a law same bytedance with the disclosure of what the internal operation because they're all from china. >> an opening brief the attorney representing tiktok did not raise the fact that all that the parent company is based in china and subject to control by the chinese government, when the three judges at this hearing today have the chance to question him in the attorney for the content creators, that's a lot of what they focused on the ownership structure that they're dealing with here, whether the judges even suggested that the attorney stop referring to quote unquote foreign ownership and use the phrase foreign adversary ownership as it relates to china. in response to the d.o.j.

argument, the judges raise concern that tiktok own attorney brought up that this could hinder the first amendment rights of the company because it is a u.s. company as well as people who make content on that particular platform and there are a lot of them in this country, no decisions made today, this is the beginning of the appeals process and this is a process that could last a long time, maybe months and could go all the way to the supreme court, we will see where it goes from here. neil: one of those that can be impacted by this and more to the point for many colleagues in our business is the ltk cofounder and president, good to have you you don't necessarily depend on tiktok, he really likes to have a relationship with you, you are one of many that get caught up in this if the thing you shut down, can you expand how that will work. >> creators need choice when the publishing their content today,

they used to use the platforms to build community, today they really have different reason for these creators that they professionalize to promote their work, creators benefit from having many different platforms to do that think of them as marketing channels, we would hope creators continue to have many marketing channels but as a player in the industry and as a mother and a citizen i would hope for sweeping regulation across everything that is happening across big tech and their ability to influence somebody things including a.i. and amy klobuchar's omitted her letter to the attorney general and to lina khan and copyright there are a lot of things with our economy that comes to government and these are all very top of mind for us. neil: you probably heard this a million times, you hear from retailers and those are very big in the social media arena, life narrowly was going on before tiktok became a big thing it will continue going on if it's no longer thing, what do you say

that. >> today the 12th annual ltt 800k600 creators, brands, agent managers here, there has not been a single conversation about this, i will tell you the tool become so sophisticated for the brands that they believe in tapping to a creators community because her tapping to the authority of the creator in the trust that they have people to follow them, that's a thesis it doesn't matter what platform they're doing it on it's a thesis after moving forward on the strategy and we would expect us to roll tape into other platforms for example in goldman sachs at the next three years that the creator industry is going to double the half a trillion dollars, 94% of our brands are going to expect increased in the next 12 months, has not been a topic of conversation, like existed before it will exist after in the creator economy, people again the reason this works in

the industry exist your tapping into a person of influence, this is nich what you're doing at scale the way the industry is developed, were confident our future is stable. neil: we will watch closely, thank you for taking the time, amber ben's box on all of that, in the meantime an up-and-coming and is started as an app a lot of people are familiar in a democratized out of investing for those and he wanted to buy some big names in small slices and this provided the opportunity and the guy behind that, the environment for invested in general and the fed decision, the acorn chairman and ceo after this. ♪

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you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. neil: at the top of the show the fed funds is a bank lending rate getting all the attention this week is expected the overnight bank lending rate will be going down for the best part of four years to study and arise up, the betting is maybe for quarter of a point, and rates, some are betting it could be upwards of half a point and that's good if you are in debt it could lower

the borrowing cost if you have your money in a savings account or cds tied to these instruments and that means some of the high-yielding savings account will lose their luster, my next guest that can catch 5% by the end of this week it's at 4.75, be before and how% i have no idea is very pressing investor and no noah kerner the acorn ceo. let me ask you about that, part of what you offer investors, is a cash account that yields in the 5% net of the woods, that's good to go down presumably this week, what happened. >> the product we have is emergency savings and so we marketed that way so it's 5% ap why but sometimes rates go up and go down in what we try to encourage people to put the majority of their money into the market and diversified portfolio, what are worried about with people getting too focused on rates and when rates

go up in the ap why products are superhigh people think they should dump all their money into that number when you look at the last 18 months the s&p was up 30% if you had your money in a 5% ap why you would be pretty disappointed. neil: a lot of people are looking at this i don't know if the market could continue on the stair, the window whole those rates are coming down. >> advocate through a historical lens when you go back in time the market has always gone up even in downturns i like to remind people every downturn into the upturn that is the mantra that we preach to our customers, one truth among many non- truths, the markets have always gone up, whatever is happening around you we encourage people to stick with it, put your money to work, put in acorn, it's a great place to put it, be diversified and benefit from compounded over time. neil: for younger people that is magic we are seeing in the break there have been periods with an extended period of time with the

nasdaq got clobbered at the height if you look at it too thousand it took a decade to regroup i'm a young guy like you i might be okay with that but for me long-term is maybe next monday i'm thinking what you tell people now. >> i still tell people to zoom out have a long-term view you talk about young people the earlier you start, we have a product called acorn early we try to invest at birth and i think i mentioned before $5 a day invested in your kids acorn at birth by retirement is for the half-million dollars based on a present and will return the earlier you start the better but is also never too late to start. neil: who are your investors, i don't know whether you invented fractional ownership but your people to pastor her to abide expensive stocks or expensive entry points into the market, i don't how you did that but you did it, that draws people who

might've otherwise intimidated by that and can't afford it, how do they get in with you. >> were about making big decisions small in the complex simple this is a scary category, scary time and a scary world. neil: how does that work let's have never been invested and i want to get in but i don't have a boatload of money, how do you get people into that. >> you download the app, acorn it takes a couple minutes to sign up and we put you in a portfolio of etf's based on risk profile if you're younger more aggressive, you might be more conservative, we automate the process of investing all you have to do is say i want to invest $5 a day for $25 a week where i want to round up and invest my screw change. >> you can invest a little as per your change we automate it for you. >> in a market environment is a little volatile, last week this time you have the market going crazy, stabilize they go crazy,

i don't know what they'll do on wednesday whatever the fed does, some get nervous, i just want out, get me into the savings the emergency savings account. >> people get nervous which is why all of our education is focused on zoom out, stay calm, don't panic remember that over the long-term. >> a lot of firms have that i get it i know what you're saying and you have a track record that works in you keep investors, all it takes is a meltdown and all of a sudden all bets are off. >> was going through tough times, 20 was tough the most spiky dips ever with the covid hit. >> i think it was march 18 or march i don't remember the date but it went down dramatic and we did a lot to encourage our customers not to panic and not focus on this moment and show them the zoom out view of the market and how markets end up going down in the worst time to pull out your money is when the market went down.

i'll give you staff over the last 40 years there are five days if you had pulled out your money you would've lost one third of the value of your money in all of the five days happy to be during terrible times, 1987, 2010 and 2020 we try to get people historical context. neil: what if you got out in a month later you came back in. >> you locked-in your losses. neil: let me get your sense of what happens this week, the fed cuts up to a half a point, 60% are betting that size of a cut, what do you see the reaction if that is the cut. >> in our emergency savings we're going to let people know unlike most of the industry we will let them know that the rate goes down so they're totally aware of what's happening. >> i did not make it clear, what do you think the market impact would be the cut of the magnitude when it some say what does the fed see that i don't. >> i think it doesn't matter

from our perspective is about a long-term view, don't get caught up in the hype and fortune-telling. neil: what about the hype and technology. >> stick with it, we're always going to remind people. >> it's a larger share of a lot of people's portfolio having nothing to do with anything more than the gravitational force of compounded like this. >> or portfolio are totally diversified so we encourage people to own as much as the market economy as they can and that's what we automate for people. >> he would not tell them to sell or trim the technology. >> we automate. neil: when you automate what are you automating? what are you trimming and that. >> rebalancing during certain times. >> if you're skewed too much you would be selling some of the technology in some of the etf's. >> we auto rebalance but we don't encourage people to trade edit out of our portfolio, stick with it. neil: as a as a customer don't

rebalance me i'm going to take my lumps. >> if you were to move in and out of a portfolio you commit to a progressive portfolio a moderate or conservative but we don't slice it that way. neil: your take on the market in a presidential election year, they are good every four years for the most part i think it is held up, it is next year i wonder about. >> typically the year before in the year after the beer under better than the year of that is the trend but we try not to get people focused on that year-over-year, zoom out and think about the long-term and sticking with it. neil: very good seeing you noah kerner acorn ceo very easy site and easy to get into to cruise where you're going and confidence of capitalism it does work to his point, in the meantime updating you on jamie dimon i don't know if he wants to be a wet blanket on everything that noah just said but he is warning about

stagflation, that came out of nowhere, what is he seeing that maybe we are missing or maybe others are well aware of the possibility that he's missing, after this. ♪

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neil: is been waiting for financials to see interest rates finally start reversing a multiyear trend higher and higher going from 0 to where we are between five and a quarter and 5.5%, kelly o'grady looks at the ramification of the rates starting to go down. >> the reality is any movement by the fed is going impact the rates as you see as a consumer maybe not as mature quickly as you hope but i want to start with the impact of the credit card rates right now an average of 24.92%, this number is a mix of what we call the pridemore the federal funds rate in the premium that's tacked on by the carter card company, when it was 0 this is roughly 16 - 18% when the fed cuts rates credit card rates will fall but for the first cut in a series we are expecting a quarter or half a point at most, you can see in

your credit card rates after wednesday's pretty minimal and a number of the smaller cut for consumers in the next area are hoping for improvement and also mortgage rates the prettier ststands at two-point to percen, this is already falling over a half 8% in the last six weeks, that's because mortgage rates are influenced by long-term rates likely ten year treasury what matters most for long-term interest rates is what investors think the fed will do, if we get that cut and confirmation it is the first in a series of cuts you cannot expect mortgage rates to continue to fall, i would highlight the savings rate a lot of folks enjoy high yield at the respective banks but also seen a lot of investors put their money in money markets rather when the fed cuts rates, the return you will see on the savings account will go down, the stock market might be the beneficiary if investors are not getting as much for parking their money many analysts are predicting the

inflow into the equities market, i want to caveat this with the reality these are the trends that we normally see, the economy hasn't flown off a cliff like we seen at the beginning of past rate cutting cycles we could see a more tempered rate cut push from the fed which would influence the timing of all of the changes but we hope for lower rates. neil: well played out the whole package, kelly o'grady on that, larry mayflower divisors managing partner the most important thing for investors that she just touched on is how a decline in rates even for savers if it means less getting used to and i rates, they start to go down, the money could find its way into stocks, what do you think. >> this economy is at an inflection point, it's make or break moment that we all hold our breath for we know the fed is interested in cutting rates to fears of a slowing economy,

it's not the what with the engine which is the interest-rate cut it is the why of the fed is not worried about a slowdown perhaps we should listen to the fed and pay attention to what they're hearing and we see that playing out in the market in interest-rate sensitive sectors to google sectors, oil, commodity financials and things that would benefit in a stronger economy weaker and defensive names, utilities, consumer staples sending us a message that all is not well in the horizon and we should pay attention to be defensive like the market as being defensive. neil: i'm wondering what you see happening we were showing the beginning of the show an interesting breakdown of what people expect, everyone 100% would be everyone that thinks we will see a quarter-point cut in the bank lender rate come wednesday, there is a 60% chance or so that those that bet money on scene a half a point cut, what do you think of the half a point. >> i know recessions come and go

and we know the federal response to recession is always interest-rate cuts that is the tool in the hammer that they use for the nails, we have an unusual situation with a $35 trillion debt, sometimes untraditional tools like cutting interest rates won't be appropriate but we also know historically the market sells the first-rate cut but that is priced in and certainly in this case we've seen lofty expectation of aggressive rate cuts in the future, the danger the fed has set the bar too high an expectation for investors may be too high and they're not worrying about the downside. >> if you cut a half a point and you have some people saying what does the fed see that i don't or you say just as you expertly pointed out the economy overall is not thinking, in this environment if you're doing something that a gradually sticks said as never done to jerome powell wouldn't you create worry? >> many banking executives who have a first-hand view the

birdseye view of the macro picture they are worried about interest-rate, credit card debt commitment issue, default on auto loans all of those are brewing, the dollar store starting to close the lowing consumer is buckling from the pressure we know insurance on auto's are up 50% three years we know eggs are up in all these issues that are apparent. if you're an economist you might think everything is great because inflation is moderating but in the real world the grocery store things are not good. what is troubling as you see oil prices coming down it sends a mixed message that the message that things are not right and things are cooling. we know that the consumer is still really the pressure and that's why most americans feel like the economy is headed in the wrong direction despite the fact that the fed is telling you that inflation is moderating. neil: great catching up with you, to his point in the worry that is out there i mentioned the j.p. morgan ceo jamie dimon

is among those saying the fed can be at a precarious pickle because lowering interest rates you might in this environment beekeeping inflation still a worry as economy slows down the classic definition of that is stagflation we have that in the late 70s and early '80s i don't know if he same were going back to that but the gist of that things slow down, prices stay high. after this. after careful review of medical guidance and research on pain relief,

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