fed chair jerome powell has been skeptical of certain developments in the world of cryptocurrency.e've got the ceo of ripple. now ripple of course is a network that is superfast, digital networks. it has got its own crypto coin, xrp. brad garr linkhouse i had a chance to speak with him a few hours ago with the economic club of new york, wait until you hear what he says how far ahead china is. china finished prototype of the china coin. you want crypto coin, this could be a problem for the u.s. dollar at some point. brad is saying you have to get on this, fed, u.s. government. we'll have that exclusively at the top of the hour. charles: that is a huge get. thank you, liz. tune into the "claman countdown" 3:00 p.m. on fox business. >>> boeing turned positive, after "the wall street journal" reporting that friction between the u.s. and european regulators could delay the 737 max's return to service. christina part has more. reporter: you had this "wall street journal" report saying that european officials and regulators. charles: kristina, i have to break in. i'm sorry, we're going to

the bottom line, jerome powell is saying all the right things. but from a commodity viewpoint, commodity traders have been suffering with a low-inflation and they want to see activity and been hurt by the u.s. china trade war which has been inflationary for some of these other markets. i think the push for inflation is definitely going to help commodity. >> can i get a shout out for something obscure, did you see peugeois85% of what it's used f, converters and cars which helps clear the omission air. i found that fascinating there is a shortage. we won't ignore all investments to look at stocks, it's important to point out things like that, slightly below 1800. but that was a big deal, let me just geek out about that for a moment. tell me what your thoughts are of what chairman powell does now in the meeting in december. >> you have to understand jerome, the lawn della, absolutely perfect, he was able to say we are not going to cut rates, we will not raise them, the economy is in a good spot and will go to the 2% inflation, we have your back but

jerome powell says not to collect quantitative easing. mature why it matters if that's the effect it has. what kind of affect can we expect getting back into the treasury markets? he's worried about the message because quantitative easing has been associated with the financial crisis and a deep recession. he's trying to say this is just massaging an economy midcycle. many are increasingly not believing that, but it is what he is trying to maintain. it's clear he is pumping more liquidity into the market which should boost assets. isn't enough to control the narrative? -- is it enough to control the narrative? that is what people are debating. are not getting enough liquidity to counteract a severe slowdown. thought that one of the bets that held mentioned would be less talked about because he talks about re-buying. i thought it was interesting how clear he was that they will cut rates towards zero. but to me, he was going look, we will cut aggressively. he may not have the knowledge that, but they will be forced to acknowledge it. and whe

the benchmark rate by a quarter of a percent to a range between 1.5 and 1.75 percent fed chairman jerome powell has been under pressure from president trump to cut rates to 0 or even lower the federal reserve told investors it would cause to reassess the economy before making further cuts. well in his press conference after the announcement fed chairman jerome powell explain the thinking behind the decision we took this step to help keep the u.s. economy strong in the face of global developments and to provide some insurance against ongoing risks business investment in exports remain weak and manufacturing output has the climbed over the past year. sluggish growth abroad in trade developments have been weighing on those sectors. looking ahead we continue to expect the economy to expand at a moderate rate reflecting solid household spending in support of financial conditions but let's get more on this from our financial correspondent yens quarter in new york is what's come from the fed today what we were expecting him. it was precisely what we expected there was also a change of wording i

jerome powell says it is time for a pause with monetary policy in a good place.f a handshake in doubt as chile cancels the apec summit

the top dog at the fed to the right of lyle right there, chairman jerome powell, just kicked off the event about an hour ago and said overall, the economy is in a good place despite some risks. markets started hitting session highs, i would say moments ago, but they have been propelled all day by two rockets. the september jobs news which also shows that the economy added 136,000 jobs, and a booster from president trump, who again promised just ahead of monday's trade talks that quote, we have a very good chance of making a deal with china. that would be a trade deal. how do you trade these wild markets, because monday we were dropping, right now the dow's up 286 points. well, fox business is invested in you. we've got for you one of the original market wizards. the godfather of system and trends trading, larry height of mint. he's here in a fox business exclusive. his hedge fund was the first to hit a billion in assets under management back in the '90s. he will tell you about his unique run from a blind, dyslexic child in brooklyn to the top of the wall street hedge fund mountain. p

what guidance will we get from jerome powell?omberg radio live on your mobile device or digital radio in the london area. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. let's turn to the fed and it is decision debuted the u.s. central bank is widely expected to lower interest rates by 25 basis points for a third consecutive time this year. investors crossing that 90% likelihood of a cut. while this cut would be insurance against local risk, the fed is inspected to signal it has done enough for now and won't continue to ease. joining us now is jim mccormick. that is still a big question in the air, what jerome powell is going to signal and how is he going to do it. you actually expect three cuts after today, all by the first half of next year. that seems pretty aggressive. jim: that is. i think the point we make is this fed has made three messages clear about its policy framework. one, it has done a very bad job on its inflation targeting. then, within the zero bound, the two points they have made is when you see

it could get ugly quickly, and jerome powell will try hard not to do that. has to be precise and he has to please the bond market and the equity market at the same time. anna: let me ask you the about thef the day, u.k. election story, how best to .rade the brexit election we have seen markets trying to work out when the next big politically that might be an position accordingly around it. now at least we know the date. mark: people who have to trade it will use the option market, and you will see it skewed between the short-term and long-term. they will pick out the dates. thank you very much, mark cranfield from the mliv blog. you can join the discussion, contribute your answer to the question of the day which is how to trade the brexit election. you have some time to do that on your bloomberg terminal to participate in the conversation. let's get to the first word news from hong kong. the u.k. is set for its first december election in nearly a century. it is widely seen as a referendum on brexit. voters will get the last chance to choose between different

noting that we are monitoring remarks from fed chair jerome powell, he is speaking at a fed event hostedythe county city fed descant city fed. -- posted by the kansas city fed. let's talk to jenna henry. let's start with trade. deal, is't get a trade the u.s. heading for a recession? there are various stages to that question. if we don't get a trade deal but don't get the additional tariffs in october and november and december, then we kind of muddle through as we are. but if we get all of those tariffs being implemented, then yes the chances of recession will grow. guy: in that environment what you think the fed will do? janet: we are not there yet and this is what the fed is trying to tell us of the moment. our forecast is that the fed will cut one small. it is absolutely your typical midcycle easing. i think this is really what jerome powell was talking about yesterday saying we are data dependent which is another way of saying we are not on a preset course. but actually we are not sure we've got the right data to be looking at and when you are in this world, you're back to judgment a

for afo short while today commes from fed chairman jerome powell helped cut market losses in half.h short lived it's a minder how pau p the central bank can be. steve repliesman tells us what the chairman said and why it's important to investors. >>> fed chairma jerome powell seven times tuesday said interestate policy whether they go up or down depends on n the data. the economic datat is. he added the economy is e in go shape overall despite some troubles on the horizon. being sbajters cmo a strong labor market with solid job gains, unemployment at hal century low a rising prime age labor force participation. but there are risks to the favorable outlook. principlely from global developments. the growth around much of the world has weakened over the past year and a half, and unceainties trade around trade brexit and other issues pose risks to the outlook. >> what's it mean for the outlook for rates? powell did appear mostly nurmt out the late october meeting. markets took the comments as affirming expectations for another rate cut. jp morga writing in a commentary after the speech

so a signal of pause from jerome powell. but the market doesn't seem to buy it. right to trade the way it is in reaction to powell and the news conference? >> well, the long end seems to be not big it. and still rallying the but if you look closer at the shorter end, the probability for december rate cut has been lowered even further to now 15% only from about 20% before the meeting. interestingly, it is now a very similar level where it was in september after the last rate cut. and we know what happened since then, of course. the probability has converged to 100 and now -- obviously it will depend on the data whether we will see the same thing. and clearly the next couple of days will be crucial already in that regard. manus: if we look at the data, cristoph, good morning to you and this is where perhaps the fed wants to reinforce this pause rather than the market's hurried nature for another 25 basis points in 2020. in terms of the data, what's your view on inflation? >> well, inflation in the u.s. actually has picked up beneath the surface. a bit more than som

speaking of which, later in the hour jerome powell talking up the labor force.some yellow flags that are emerging. what you need to know ahead of tomorrow's jobs report. did elizabeth warren say the cost of "medicare for all" could be millions of lost jobs? wait until you hear what she had to say. next. [grunting] [maniacal laughter] gold. gold! right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through a traditional investment account. nice rock. it's time to drop gold. go digital. go grayscale. charles: presidential hopeful elizabeth warren still hasn't released her plan how she is going to pay for "medicare for all" but she might be preparing her base this will not be an easy fix as many were led to believe by agreeing with one economist who actually suggested that the plan could kill two million jobs. >> even supporters of that approach within the health policy world have said that likely would mean lost jobs in some form. politicians who want to move toward that system, "medicare for all," have to think about

for the repo blowout whoever instigated it comes in real handy so fed chair jerome powell his explanation on tuesday and the f.o.c. m.c. mediate minutes released yesterday were a bitter disappointment for the crybabies on wall street the broker dealers and banks that expected a massive bout of q.e. and perhaps some of the players a gleefully contributed to or even instigated the turmoil in the repo market to make sure they would get that massive bout of q.e. as the fed would be forced to calm the waters with q.e. the theory went this q.e. would include big purchases of long term security some push down long term eels and drive up the prices of those bonds these crybabies are holding or have bet on with derivatives so apparently these crybabies these primary dealers in particular and there's 24 us informed broker dealers and banks to have an authorized to deal directly with. the treasury they've been stockpiling $161000000000.00 worth of longer term securities and they've been betting that the child you know everybody's been asking why are who's buying these at such low yields when they're

jerome powell getting ready to set stage. he has very busy hour.harles, i will hand it over to you. charles: thank you, very much, all eyes on jerome powell. great to be back. markets are up. chairman powell will hold a question and answer session called, the fed listens. he is expected to address today's jobs report and this week's market volatility and a slowing world economy. trade worries will come up as well. let's bring in edward lawrence with more on powell's comments. reporter: exactly what he was saying. he already started speaking. chairman of federal reserve jay powell says the economy is in in a good place. it is the fed's job to keep it there. what he has not said in the news conference and last fed statement that the fed will do what is necessary to keep the economic expansion going. he is speaking at a fed is listening event at the headquarters in washington d.c. where they make the decision whether to cut interest rates or not. powell says the inflation is running close to or just and 2% target range. some members of the fomc that t

players pay tribute to their injured center backs nicholas and lucas 7 and as they were replaced by jerome boyd saying and benjamin who provided the highlights of the 1st half with the opening goal it was a moment of true quality from the frenchman he pounced on the loose ball smashing home a 1st time effort the combined power and persuasion to get by in the lead in the 30 minutes. it took them until the 2nd half to double that late with the inevitable go from robert 11th of scheme. it was no surprise that the poll found the net even ruthlessly capitalized on a lucky bounce to become the 1st ever player to score on each of the opening night but does lead to much to ease. the game looked safer by hand but there are handball in the books by even parish handed only on a lifeline. sebastian anderson stepped up and saw his effort saved manuel neuer proving it's not just 11th of skiing who's on for. the other end by and pushed for another goal 11 he went close to making it 3 nil but he inserted every failed to be inspired referred to cave which union keeper was clearly still hoping for a point t

what is getting a lot of attention, jerome powell hinting at future.w down about 10 1/2 point. charles payne will take you through a very busy hour. charles: very busy hour. thank you very much, neil. i'm charles payne, this is making money. breaking right now we're moments away what the central bank will do with interest rates. we're expecting a quarter point rate cut. this is the their time in three months. at 2:30 we'll hear from chairman jerome powell on the state of the economy and global growth conditions. investors like will insight to the big question what is the fed's path forward. we have word and phrases that will move the market. stocks are flat despite the fact u.s. economic growth, came in faster than expected last quarter. that is thanks to very strong consumer spending big time. we saw a huge boost in residential investment. homeownership at highest level since 2014. commerce department says that the gdp grew at seasonally adjusted annual rate at 4.9% last quarter. big news going into this. edward lawrence. at the federal reserve live n

0ne selection issue which has been resolved, the referee for the final has been named, jerome garcesn charge. before them on friday night will be wales against new zealand in the third placed playoff. it'll be a send off, for both head coaches — warren gatland and steve hansen. wales' coach robyn mcbryde says it'll be a fitting finale for them. iam glad i am glad because it's against the all blacks, it would not be the same if we were facing someone else because the all blacks are the all blacks. it is not every team that gets the opportunity face them, especially the world cup. there is no pressure on anybody so it should bea no pressure on anybody so it should be a very entertaining game. great britain women's hockey team play chile in the olympic qualifiers next weekend. if they lose, the reigning champions won't be going to tokyo. katie shanahan reports. remember this? great britain have one yellow pickled metal. the golden girls of 2016, winning theirfirst 0lympic title but defending their crown is not guaranteed. it has been a bumpy road since rio dejaniero for the hockey team,

they made that very clear when jerome powell was speaking.would need serious inflation for the fed to consider raising rates anytime in the future. it almost gives an asymmetrical biased to the market, what the fed is saying is that we are on hold. if there is we data, we would cut rates again. if inflation takes up, we will look through it. we call it a temporary move and we will worry about that at some other time. from the market point of view, this is a good scenario. they can be sure that rates have come down 75 basis points. .hey will stay there at least that gives businesses more confidence. they can plan going ahead. people can focus on what is really going on. when you have positive earnings, that helps the stock market. the bond market can go sideways there. people can start looking at other fundamental pictures as well. if we start to get some reasonable data, we saw the gdp in the usa wasn't too bad. we have seen data in asia today which is really good. ip beat for japan and korea. the goldilocks scenario is not too far-fetched. f

and comments from jerome powell. us, an fx strategist at mccoury, and the director of global equities at mng. great to have you both with us. on yourome to you first expectations for today, the jobs report, how that will add to the picture around the weakness in the data. what have you made of the weak data this week? guest: it has been surprisingly bad. they were backed up by the nonmanufacturing seen as a pattern that serves the sector globally above because it is backed up in the euro zone. today is a crucial jobs report. whatll justify or temper is priced in for fed rate cuts. we are not looking at basis points priced in until the end of the year. we think the biggest risk is a strong report that drives people back into the dollar. talking in, we were the meeting this morning about whether good news is bad news. is bad news good news? when it comes to the nonfarm payroll number, when it comes to the economy, our equity investors really going to take it positively if we get disappointing economic news? guest: good

every time jerome powell speaks he talks about expectations from households. this last consumer confidence or sentiment number, the combination of households anticipating low inflation, something maybe 2.3% and 2/3 expecting higher wages, all-time record, that is a hell of a combination. that means the american public, paul is expecting it to be a wonderful goldilocks period for some time? the fed will have to accommodate that, no? >> i hope the fed can accommodate that. here is what is amazing. in august when the yield curve inverted, go to a bar on the corner, talk about the yield curve being inverted. now it is steep again. what is the risk? yield curve inversion is not the risk then. it is 6 to 18 months down the road. our eyes are off the ball. charles: i was asking, do they still have this in their modeling even though it happened in august? >> again the new york fed has recession probability model based on three month 10-year inversion. studies have shown since 1950, every single time that curve inverted for three month or more it -- charles: 18, 24 mon

players paid tribute to their injured center backs nicholas and lucas 7 and then they were placed by jerome but sang and benjamin who provided the highlights of the 1st half with the opening call it was a moment of true quality from the frenchman he pounced on the loose ball smashing home a 1st time effort the combined power and persuasion to get by in the late in the 30 minutes. it took them until the 2nd half to double that late with the inevitable go from robert leaven to ski. it was no surprise that the poll found the net be ruthlessly capitalized on a lucky bounce to become the 1st ever player to score on each of the opening night but does lead to much to ease. the game looks a subpar and then a handball in the books by even parish handed only on a lifeline. sebastian anderson stepped up and saw his effort saved money well know everything it's not just 11 top speed he's on form. at the other end by and pushed for another goal live and he went close to making it 3 nil but he and such can every fail to be inspired refound t.k. which union keeper was clearly still hoping for a point to he

fed chair jerome powell expects the u.s. expansion to continue and expects the central bank will grow its balance sheet. >> the growth for reserve management purposes should be in no way confused with the services we do bloi after a financial crisis >> brexit talks are on the verge of collapse. >>> here in london, saudi aramco's ceo will be in full output the ipo could be published by the end of this month. >> good morning. welcome to "street signs." i want to take you to the price action we've had markets were off we had a heavy session the dow down 2%. s&p down 6%. tech, nasdaq down. as tension is heating up ahead of those all important trade discussions set to take place tomorrow the latest develop that the u.s. is applying visa restrictions in addition to adding more and more companies to the black list. this is the first time we are seeing the u.s. wrap in human rights concerns into the economic dealings. reaction has not been very positive a negative tune and session for asian markets. by the end of the session, it was

sector in the broader area of cargo then also the federal reserve meeting from the day prior where jerome powell pretty much hinted that we won't see any more rate cuts anytime soon i guess those were probably the main reasons but you mentioned the conflicting signals that we get from the trade talks on one side we got reports from private conversations from chinese officials that they're doubtful about a long term deal between the 2 biggest economies in the world and then on the other side donald trump and tweeting that there will be a signing of the phase one deal pretty soon so pretty conflicting environment overall as court in new york thank you. and now to some of the other business stories making news mall the owner says it's taken a $4500000000.00 hit on its investment in the cigarette maker jewel to paint nearly $13000000000.00 for a 35 percent stake in the vaporing firm only last year but the deal has gone sour thanks to a crackdown on v.p. by u.s. regulators boeing says cracks have been found in up to 15 of its popular 7 $37.00 planes after global inspections 2 of quantas jets a

the benchmark rate by a quarter of a percent a range between 1.5 and 1.75 percent for you chaplain jerome powell has been under pressure from president trump to cut rates to 0 or even low up the fed told investors it would pause to reassess the economy before making further cuts. in his press conference after the announcement pollitz flame the thinking behind the decision it's. we do not. later we go to our financial correspondent in frankfurt instead it. is stunning by the. rate cut did versus think the fed is done cutting rates. and that's really are skeptical for now going into this meeting the real question wasn't if the fed was going to cut rates that was pretty much expected it was how is your own power going to talk about the future cost for rate cuts and the current state of the economy he sounded pretty optimistic yesterday he talked about how resilient the economy had been he talked about lower about how the trade tensions were sort of abating and how that was sort of it making progress but i think for investors they are not really buying that at this point if you look at some o

in players paid tribute to their injured center backs nicholas and lucas 7 and they were placed by jerome boyd saying and benjamin he provided the highlights of the 1st half with the opening goal it was a moment of true quality from the frenchman he pounced on a loose ball smashing home a 1st time method the combined power and persuasion to get by in the lead in the 30 minutes. it took them until the 2nd half to double that late with the inevitable go from robert 11th of ski. it was no surprise that the poll found the net being ruthlessly capitalized on a lucky bounce to become the 1st ever player to score on each of the opening night but does lead to match ties. the game looks a supply and then a handball in the books by even parish handed only on a lifeline. sebastian anderson stepped up and saw his effort saved manuel know everything it's not just live and just be on form. at the other end by and pushed for another goal he went close to making it 3 nil but he inserted in every failed to be inspired refound t.k. which union keeper was clearly still hoping for a point to help him celebra

we are just 24 hours away from the fed decision tomorrow with stocks at record highs jerome powell doomed to disappoint the market. >>> mullenburg, the boeing ceo testifying about the safety of the 737 max. we have the details. >>> grub hub's failure to deliver. shares are cratered down 40% wall street abandoning this stock. a top analyst explains why they are waving the white flag. "power lunch" starts right now >>> let's take a look at where we stand with the markets. the s&p 500 off a record high earlier. the dow is higher but still about a percent away from its all time highs now up just about .03 of a percent >>> another rate cut is expected steve is looking at that and a key issue troubling the fed in the cnbc fed survey. >> let's take a look at what the implications are and then we'll sge get into that issue. 79%. a bit on the low side for some but it's a clear and strong majority expecting that rate cut. they is sort of kind of one more cut after october of some kind part of the issue right now, the odds of recession picking up to an 11-year high at 34% part of the issue right the

fed chairman jerome powell said an effort to avoid a repeat of what we have seen in money markets is we heard from powell today. we have heard from the fed. they will extend these short term purchases for a while. some questions about whether this is key -- whether this is q.e. or not, but at the end of the day, this is support that clearly seems to be needed based on what we have had. >> yes, and i think it was surprising to markets that we heard from jerome powell in advance of the rate decision in october, because he even said whether they are going to cut rates or leave them steady, there are several weeks where we will be data-dependent, but he said, "we are doing this, be bypared, and it is not q.e., the way, and everything. will be fine. " itaine: i think we can run here, him talking about the balance sheet. chairman powell: the growth of our balance sheets should in no as what wesame deployed after the financial crisis. neither are the recent technical issues or the purchase of treasury bills we are contemplating to resolve them. they should not cheerily alter monetary policy

it's not what they did just to michael flynn and paul manafort and jerome corsi.thers as well. it was targeted intimidation. they will threaten you with lying even though you told the truth. then they will shove a piece of paper in your face and say sign this or you will spend 10 years in prison. that sheet paper is a lie to incriminate trump. corsi wouldn't do it and neither would flynn or manafort. trish: what did we learn? gregg: not to trust the power and immense resources of the fbi and federal prosecutors. sit any powell, the lawyer for flynn wrote a book by the, "license to lie." she learned they are unprincipled and unscriewp louse. not all of -- unsoup plus. but some of them on this mueller team were not. andrew weissmann at the top of the list. trish: terrific work. and congratulations to you. i encourage everyone to read it. "witch hunt." liberal student won't give president trump any credit for killing al-baghdadi. >> it's probably not great that he's taking credit for somebody being killed in general. >> he's not the greatest of leaders. i don't anyr

jerome was just 27 when he was shot in the front office when 3 years ago. he was june 2nd son killed by warring gang members in his neighborhood was this a good son eve when they was much younger i used to call him love that was my legal name for you and i used to that says for years over these years used to you and told him yeah you my love you you mark my able to think. some abuse on my heart is still missing because up to today. this is not the one person they threw into the where the. when joe was buried here his father says this part of the cemetery was still empty but since then oddly a day goes by without deadly shootings in escape flats neighborhoods the violence has been escalating for years security forces us traveling to keep the area under control. we do this brilliantly in blue jones shows us his neighborhood a young man was shot here just a few hours earlier you had been waiting for a bus the death penalty is needed in south africa at this weird moment of time because they've been trying everything everything everything right and nothing is re

paid tribute to their engine center backs nicholas zuma and lucas 7 and then they were placed by jerome boyd tank and benjamin pavel he provided the highlights of the 1st half with the opening call it was a moment of true quality from the frenchman he pounced on the loose ball smashing home a 1st time method the combined power and persuasion to get by in the late in the 30 minutes. it took them until the 2nd half to double that late with the inevitable go from robert leavened of ski. it was no surprise that the poll found the net the ruthlessly capitalized on a lucky bounce to become the 1st ever player to score on each of the opening 9 but does lead to much to ease. the game looks safer by him but then a handful in the books by even parish handed only on a lifeline. sebastian anderson stepped up and saw his effort saved manuel know everything it's not just live until see who's on form. at the other end by and pushed for another goal 11 dubs he went close to making it 3 nil but he inserted in every cell to be inspired refound t.k. which union keeper was clearly still hoping for a point

federal reserve chair jerome powell indicated that the new official interest rate of between i.5% and was an appropriate rate, suggesting he is downplaying expectations of any future rate cuts. he said, if economic indicators remain the same, resilient household spending supported by strong jobs growth and an inflation rate near the 2% target, then the bank expects moderate growth. he was also upbeat about development in global trade. as with brexit, it's still quite uncertain what will be the result of the election, and what the ultimate result will be. but i would say that the tail risk of a non—negotiated no—deal brexit seems to have decreased, just as i would say that the situation in our trade negotiations with china seems to have taken a step closer to resolution. trade developments aside, the bank will be monitoring risk factors including lower business investment, weaker exports and declining manufacturing output. federal reserve chairjerome powell did say the us economy faces significant long—term challenges, such as income inequality, but he said that is for lawmakers to dea

by the police but they have been able to restore order on a smaller scale was a similar picture in jerome. i'm trying to go to the other principal cities of. chief brett sit negotiator says a deal for the u.k. to leave the european union is still possible and the coming hours could be decisive botany updated e.u. ministers on the stage of brecht's in negotiations on shoes day he told the meeting that the main challenge is to turn a new british proposal on the complex arash border issue into a legally binding deal the goshi asians on now continuing in luxembourg into the night and it's so far unclear whether the e.u. leaders will have an agreement to sign off on at a summit on thursday. we also u.k. correspondent bubble of is about her assessment of the brics it negotiations there is said to be the possibility off an outline of the deal now we have to be careful here this is not a ready made deal to be was signed off by everybody who's involved this is just the basic political agreement on the direction things are going in and from what we hear from mostly brooder sources and of course iri

date, want a specific jerome powell since 2018 increasing rates four times saying inflation will head and suddenly he switches on january 4 saying he will be very dovish because the difference was in the second half of december, the market cratered, so the fed is essentially following a policy where the equity market dictates what they are going to do with very little to do with the economy and inflation which is supposed to be their main target. the members are confused. i can understand it because there is no clear policy. it is not as if the chairman can enunciate what policy he is definitely going to follow for the next six months, let alone for the next year, and that is why the members as well as the markets remain very confused on the next steps. paul: stable market and jobs, the dual mandate that seems very simple, but it's been clouded by other concerns about slowing economic growth, the trade war concerns. i guess in this environment, can you see rates potentially jaying back to zero and powell's "it's not q. week" suddenly becomes "it is qe" in the next few years. toright n

benchmark rate by a quarter of a percent to a range between 1.5 and 1.75 percent of fed chairman jerome powell has been under pressure from president donald trump to cut rates to 0 even lower on the federal reserve told in bed. it would cost to reassess the economy before any further cuts. let's go to the stack of change that he's a young accord to to get the latest news on the training flow good to see you say yes is this a decision that you were expecting. it was widely expected and you could call it didn't prevent a 1st strike go we have seen some signs that the u.s. economy is still growing but not as the pace in the recent past and therefore this decision to cut interest rates for a 3rd consecutive time and if you look at it a bit closer we do see. business investments and exports struggling a bit and then on the other side we still have a rather strong labor market and was that solid consumer spending yes read the tea leaves for us what do you expect the fed to do in the coming months. you know what the most important part was that they actually did change the wording a bit everyb

center backs nicholas and lucas 7 and as they were placed by jerome boyd tank and benjamin they provided the highlights of the 1st half with the opening call it was a moment of true quality from the frenchman he pounced on the loose ball smashing home a 1st time method the combined power and persuasion to get by in the lead in the 30 minutes. it took them until the 2nd half to double that late with the inevitable go from robert 11th of ski. it was no surprise that the poll found the net be ruthlessly capitalized on a lucky bounce to become the 1st ever player to score on each of the opening night but does lead to much to ease. the game looked safer by him but then a handful in the books by even parish handed a lifeline. sebastian anderson stepped up and saw his effort saved manuel know everything it's not just live and just be used on for. the other end by and push for another goal 11 doves he went close to making it 3 nil but he inserted in every failed to be inspired refer to cambridge union keeper was clearly still hoping for a point to help him celebrate his 32nd birthday and with 5

. >> thank you very much >>> we have a news alert from jay powell >> jerome powell and a form earp fed chair to talk about the need for fed independence from politi politics you, of course, know jerome powell has been the recipient of much criticism from the president about the fed's interest rate policy powell quotes a plaque on the building in washington which says, quote, the central bank must be absolutely free from the dangers of control by politics and he twice mentions the word independence in the speech there. this is about as strong, kelly, as you know, the fed chair would get in pushing back against the president and his criticism. >> especially when he wasn't expected to make any comments. the fact he made them with the implications they have speaks volumes. >> we knew he was going to make a comment, kelly we just didn't know he would choose to take the opportunity to talk about the fed's independence on this eckels, the federal reserve act of 1935, was involved in the treasury federal reserve 1951 so there's some history there and powell not letting it be lost to inform the

players paid tribute to the injured center backs nicholas and lucas 7 and then they were placed by jerome but tank and benjamin they provided the highlights of the 1st half with the opening call it was a moment of true quality from the frenchman he pounced on a loose ball smashing home a 1st time effort the combined power and persuasion to get by in the lead in the 30 minutes. it took them until the 2nd half to double that late but the inevitable go from robert 11th of ski. it was no surprise that the poll found the net be ruthlessly capitalized on a lucky bounce to become the 1st ever player to score on each of the opening 9 but does lead to much to ease. the game looks safe supply and then a handball in the books by even parish church handed only on a lifeline. sebastian anderson stepped up and saw his effort saved manuel know everything it's not just live and just be used on for. the other end by and push for another goal never does he went close to making it 3 nil but he inserted in every failed to be inspired ref out p.k. which union keeper was clearly still hoping for a point to hel

jerome powell said wednesday, the economy faces risks. >>> the holididay shopping seas quickly approaching. target, looking to revive the toys "r" us brand. shoppers can pick up orders in target stores or have them delivered. the cost of the deal is not disclosed. >> thanks to our international viewers for joining us. >>> for the rest of our viewers, "early start" continues right now. >>> we would, if they give us our rights. it depends. >> as democrats debate an impeachment vote, president trump is less than clear on whether he would cooperate. >>> at least eight dead after turkey launches strikes in northern syria. a senior defense official tells cnn, it's hurt the ability to fight and contain isis. >>> just hours, nba commissioner adam silver was set to make remarks on chinese soil. but will that even happen? a foulout from the pro-democracy tweet that the chinese cannot even see. >> you wonder if the game is canceled. thursday, october 10th. 5:00 a.m. in the east. democrats are taking a harder line against the trump administration's stonewalling of their impeachment investigation. the

i only want the right names, jerome. i think it's a tremendous thing we can do.e can do a lot of great things. we can do some incredible things. these are three unbelievable representatives and there are so many more that we don't know about. i will put you in charge of that little project. that is something he would like to do very much. as part of our agenda to lift up forgotten americans, we are investing in distressed communities. america's governors have designated nearly nine thousand communities as the opportunity zones we just discussed, including this very neighborhood surrounding benedict college. you saw what is happening just around your college and in your college. people are investing in these areas that would have never ever been investing here. the money is flowing into your community. and i directed every member of my cabinet to support opportunity zones. leading these efforts is secretary ben carson along with the revitalization council. and a lot of people that have done an incredible job this community and country. within my first weeks in off

jerome adams who is the u.s. surgeon general is going to be joining us, we hope, around 10:30 i believe. so, we can look forward to that. that should be in about 30 minutes. when he comes in, we'll have him also give, again, a five to seven-minute introduction and talk a little bit in the same way. okay. who wants to go next? stuart? thanks. [ applause ] >> good morning. >> good morning. >> my name is stu gitlow. i am in rhode island. i have a private practice there in addictions. and what i'd like to focus on is the importance of recovery. and the important thing within recovery is that it's not useful unless you're alive to experience it. the number one leading cause of death among patients in recovery is smoking. nobody thinks of that. and i'll come to these meetings thinking we're being successful when i can get into the hotel without coming through a cloud of smoke and vapor which at this point i can't do. so, if we're going to get to the point where y'all can experience recovery for as long as you possibly

here with us today is jerome brown, who served 11 years in master nd now is a barber., now i can have my properly cut. do you have any scissors on you by any chance? get a good hair cut. criticized for a long time. now he has more than 500 clients. i would love for you to come up and say a few words, but more out my hair heck and see what you can do for me. [laughter] [applause] >> first, i would like to say thank you to the president for giving everybody a chance. a lot of times people are in prison and you don't really know their goals or what they want in life unless they have a chance. i was fortunate when i walked through the doors, i had a goal in mind. my goal was to educate myself to read and to help my entire years. during that time i made curriculums, i started a program called criminal and addictive thinking. i had barber classes. i was mentoring guys who could not read or write. helping them helped me. it couldn't have been done support from my wife. the staff. now that i'm looking at the first step act the president is giving a lot of men and women support