i talked before about how this is vintage powell and powell now. this is the most cooperative she's been. we also know how she sounded when she did provide testimony, which is different, of course, than some trump aides, who took that fight to court, and for navarro she did provide testimony in the jan 6th house probe. >> he asked pat cipollone if he the authority to name me special counsel, and he said yes. then he asked him if he had the authority to give me whatever security clearance i needed. cipollone said yes. sipp si and hirschmann and whoever the other young man was said, you can name her whatever you want to name her, and nobody's going to pay any attention to it. >> now, that's one lawyer describing what another lawyer said. best we understand it, and what the community spoke to it they found it useful, credible. the question, is will they be forth coming and will this be the same type of powell when prosecutors want to pin down more details on trump? because remember, there's what happened and there's also why it happened. did you do th

but even after powell went public with that wack adoodle theory trump considered making sidney powell special counsel to investigate election fraud. that happened during an infamous white house meeting in december of 2020, a meeting that sidney powell, rudy giuliani, and others colocwale known as team crazy, that they tried to have in secret with president trump. in that meeting powell and others raised the prospect of seizing voting machines from key counties and deploying the national guard to potentially rerun the 2020 election. white house lawyers and staffers colocwale known as team normal, they had no idea that meeting was taking place, but the second they learned about it, they ran as fast as they could to put a stop to it. powell herself later testified today the january 6th committee while sipping on a diet dr. pepper it should be noted, that during that meeting she also told trump about findings pointing to security fraud in dominion voting machines. she said the president was very interested in information that apparently nobody else had bothered to inform him of. and becau

powell worked for trump. he even mused heading her to a new position, that could have helped with a military coup, which they abandoned. his efforts to muddy their links now and what she did for him is a very specific thing. it is an acknowledgement that it matters. here is last week. >> how do you plead to the six counts of conspiracy to commit intentional interference with performance of election duties? >> guilty. >> how do you plead to count 15, conspiracy to to file false documents? >> guilty. >> can you speak your try and correct name. >> sydney and powell. >> kenneth john chesebro. >> how old are you, ma'am? >> oh, gosh. 68, despite my astonish log beautiful countenance. >> how far did you go in school? >> 62. i went through law school. >> are you pleading today, because you agrees there's enough facts to support this plea of guilty? >> i do. >> do you agree there's a factual basis that supports this remaining charge? >> yes, this charge. >> yes, i do. guilty, they did it. that's what went down in that

scott hall pleads guilty, implicates sidney powell, sidney powell pleads guilty and it is pretty surprising that only because these things happen a lot of times at the 11th hour, as barb knows, as a prosecutor, what is fascinating is that less than 48 hours ago, her lawyer is fighting in court tooth and nail to make sure that, you know, her case gets dismissed, et cetera. the thing about sidney powell that people need to remember is this. six years of probation sounds pretty lax considering your attempt to overturn an election, right? but she was the lawyer for donald trump. she was the lawyer for the trump campaign. donald trump notoriously does not use text or emails, doesn't use thi writing. so it is the communications between her and donald trump that are really kind of working your way up proverbial food chain when it comes to flipping lower level defendants and tryi get to the king at the top, which everybody would concede is donald trump. so sidney powell, we skipped a few rungs on that ladder. we skipped some significant rungs to get a guilty plea from her and that special condition

what are you take from jerome powell comments? mike: he aligned himself with the open market committee and leaves the impression the fed is going to be on hold on november 1. i don't know how far you can take that out from there. it did not sound like he's in a hurry to raise interest rates. he did move the markets a lot, particularly at the long end. watching the yield curve during his speech and it significantly widened out and then came back in a little bit. he originally said he did not think rates were too tight. the market took that as we might see him raise rates more. then he came back and said later the yield rise could mean the fed has to do less, which is what we have heard from a lot of other fed officials. in terms of monetary policy it looks like the fed is where the market thinks they would be. we see that reflected in futures. the futures guess for november 1 is down to 3% chance of the fed raising rates. it was not significantly higher but it has dropped since powell began speaking. not a lot of change in the dece

now you have sidney powell, but sidney powell is definitely not one of those low rung coconspirators. she's the president's lawyer. she's donald trump's lawyer. she's the trump campaign's lawyer. so not only does she have to provide truthful testimony. she has to turn over documents. those documents are 100% going to implicate donald trump as well as jenna ellis who was standing behind her in that presser, rudy giuliani, remember, these are all codefendants that have been charged with rico, so under georgia state rico law, you don't have to all be planning it all together. somebody could be doing something in one area of the state of georgia or another part of the country and you can be found guilty of rico. >> barb, let's get into this. i have my handy danda copy hof the indictment, with ali velshi writing the foreword of it. i'm going now to act 145 through 147 in which sidney powell is mentioned. she's mentioned in unlawful possession of ballots from coffee county. she's mentioned in unlawful computer trespass, also coffee county. and computer theft, also coffee county. so it looks

this is later when powell struck a hawkish tone. you see the markets moving lower throughout the day. powell's comments juiced the bond market with the ten-year yield briefly topping 5% for the first time since 2007. look here on this side of the screen at the bottom. we have a graphic here. we will continue to watch the ten-year. you see it touched 5% briefly yesterday. back below 5% now. follow along all morning long. we will keep it up on the bottom of the screen all morning long. we will check the energy market with wti which is back above $90 a barrel. brent crude at $94 a barrel. up 1.5%. natural gas is unchanged. let's dig into this with ryan detrick at the carson group. ryan, it is good to have you h here. >> good morning, frank. thanks for having me back. >> what wdid you make of jay powell's comments? >> it say tale of two halves. the whole statement from the fed. t we are fully aware. they asked are things tight. he said maybe it is not tight enough. running counter to the prepared remarks. it is what it is. we saw the re

haidi: fed chair jerome powell has suggested the u.s.l bank is inclined to hold rates steady at its next meeting. speaking with david westin, he also left open the possibility of a future hike. >> there is a lot of uncertainty around legs. one of the reasons we have slowed down is to give monetary policy time to work. you can find academic support for different speeds and duration of leg. we have to use our eyes and a little bit of risk management and patience in slowing down the pace that we are seeing. that is part of why we are slowing down this year. we moved quickly to catch up to where we need to be, and that we are moving forward with these decisions. >> you spoke with us in 2020, you said in terms of anticipating growth, which has gone from 2.5% to 1.8%, where are you now? where is the fed and where do you think the long run growth is? >> long-run potential growth is not something that moves around a lot over time, but my own guess is it is around 2%. i think the standard mainstream view would be a little below 2%, but i would sa

and now, sidney powell was at the december -- what meeting?> december 18th. >> talk to me about who was there, because that is a source of the drama of what happened before january 6th. >> i don't want to list everybody off of the top of my head, because i might misspeak one of the heads, but it is the people central to the white house, and i believe that there were people quite high up both in the white house and in the legal world around donald trump and there was shouting at that meeting about what to do that people like sidney powell were trying to get one-on-one time with donald trump, and did, and i believe that mark meadows was also a person in the room and seeing it play out, and all of that is important in the federal investigation. and how all of these people were very close to trump, himself, and having conversations with him. and elie is talking about the federal investigators of how she was willing to plea guilty in georgia, and it is quite possible to talk to her about the one-on-one conversations with donald trump, the defendant

remember, sidney powell had invoked her right to a speedy trial.ow morning we were going to see an extraordinary spectacle of 450 perspective jurors walking into the fulton county courthouse into a courtroom to begin this long process of seating a jury to begin the trial likely in early november. so that is no longer going to happen, at least when it comes to sidney powell. now, of course the big question in all of this is ken chesebro, what happens there. we've reached out to his attorney, one of his legal counsel scott grubman to see if he had any comment on what this means for them tomorrow. he doesn't have any comment right now because he's still trying to process all of this. certainly when you look at the timing of this, it's very stunning. she's not the first person in this kind of sprawling indictment to plead guilty. er, that was scott hall a couple of weeks ago, but it rtaiy is a higher profile person than scott powell. the name sidney powell is a name of someone who is familiar to our viewers, when we talk about the role as the former pr

powell: we all write down our estimates every quarter. that is based on models, based on looking out the window and including lines thinking how are the current rates affecting the economy? the evidence of your eyes is that the economy is handling much higher rates, at least for now without difficulty. notionally, that might tell you that the neutral rate has risen or it may just tell you that we haven't had rates high enough for long enough. you are right, though. we have models for everything, formulas for everything. as a practitioner, we have to be focused on what the economy is telling us. what is it telling us? does it feel like policy is too tight right now? i would have to say no. i think the evidence is not that policy is too tight right now. host: do you think we are entering into a new phase of monetary policy? we had the vulgar disinflation, i think you referred to it as. inflation targeting for a time. there was concern about stagnation. and then we had the pandemic and the real problem with inflation. what does the next phas

all eyes on jerome powell. eyes on jerome powell. thank you. michelle _ all eyes on jerome powell. thank you, michelle fleury, _ all eyes on jerome powell. thank you, michelle fleury, and - all eyes on jerome powell. thank you, michelle fleury, and we - all eyes on jerome powell. thank you, michelle fleury, and we willi you, michelle fleury, and we will get the top lines from those remarks into .5 hours' time, whenjerome powell sits down, 12pm eastern time. let's cross to china now and the ongoing crisis in their property sector. the giant developer country garden is believed to have become the latest to default on its overseas debt. a default that would mark one of the countries biggest corporate debt restructurings. this matters notjust corporate debt restructurings. this matters not just for the corporate debt restructurings. this matters notjust for the company but as a broader gauge for the economy as a broader gauge for the economy as a broader gauge for the economy as a whole, the property sector generat

ken chesbro and sidney powell, the co-defendant of all of them, powell and chesbro were set to go to trial first outside of the rest of the 17 and they are at the top of the pyramids well. they are lawyers that were very close to donald trump, that were connectors between trump and others. chesbro specifically had a lot of insight and was writing memos about the use of fake electors in battleground states. that's the area of these conspiracy where he would have knowledge and a lot of focus, but it's important to see what happens with these two because it was a trial for just these two people. >> right. >> separate from the rest of the 17, but it's all one case. >> that's significant and worth -- we have to talk about the details because he's -- i was also just told he is present in court right now as we speak. but it is -- the 30,000 foot view is also very important here. >> absolutely, because if sidney powell and ken chesbro were to have gone to trial or are going to trial with just chesbro now as the defendant, that would be the prosecutors putting on their entire case against don

[ laughter and applause i guess the better question for powell would have been, "who wasn't involvedpiracy to steal the election?" "big tech companies, social media companies, home furnishing companies, all the major sports leagues, the airlines, every steak house in new york city, chili's, both the country, the restaurant and the temperature [ laughter ] and all the major soda brands excluding diet dr. pepper because no one in their right mind would consider that monstrosity a soda [ laughter ] [ cheers and applause in that same interview with the january 6th committee, powell also confirmed that trump at one point tried to appoint her special counsel to investigate the 2020 election. >> on friday he had asked me to be special counsel to address the election issues. he asked pat cipollone if he had the authority to name me special counsel. and he said, "yes. and then he asked him if he had the authority to give me whatever security clearance i needed and pat cipollone said, "yes." and then the president said, "okay. you know, i'm naming her that and i'm giving her security clearance

powell. and ms. powell, do you understand that this court does not have to follow the state's recommendation in this case. >> i do. >> and you understand that the court does not have follow the state's recommendation and you can follow through with trial on the original indictment? >> i do. >> and do you understand that if you are currently on probation or parole, your probation or parole may be revoked based upon entering this guilty plea? >> yes. >> do you understand that if you are placed on probation of any kind, you cannot violate the law in any way or the government or any other special conditions of the probation that was subject to your probation to being revokeded for the balance that is remaining? >> i understand. >> do you understand that you are not allowed to possess any firearms while you are on probation? probation? >> ms. young, are you certain that is accurate because it is a misdemeanor plea and it does not involve violence and i'm not aware of any policy under georgia law that woul

attorney sidney powell, a key figure in former president trump's effort to overturn the 2020 electioncounty courtroom. >> reporter: sidney powell, the conspiracy peddling former attorney for former president donald trump sat in a fulton county courtroom today and admitted to her role in the breach of voting systems in georgia. >> are you pleading guilty today because you agree that there is a sufficient factual basis, that there are enough facts that support this plea of guilty? >> i do. >> reporter: powell was sentenced to six years probation, will pay thousands in fines, and write an apology letter to the citizens of georgia. along with trump, she was one of 19 defendants in the case brought by district attorney fani willis. powell agreed to testify truthfully against her co-defendants at future trials. >> if i'm donald trump or i'm donald trump's lawyer, i would certainly not be happy. >> reporter: beyond georgia, powell was a central figure in pushing trump's false election denial claims. >> president trump won by a landslide. >> reporter: in a now infamous december 2020 oval offi

the case to cans sydney powell just went from strong to overwhelming. subpoenaed to testify at that upcoming speedy trial of codefendants sydney powell and kenneth chesebro is bernard kerik, who has already been convicted of crimes committed while he was new york city's police commissioner. which he was promoted to by then mayor giuliani after serving as the mayor's shoulder. bernie kerik's criminal defense attorney tim parlatore said in a letter to the detainees office, quote, mr. kerik intends to his fifth amendment rights and, refuses to answer any questions, today mr. parlatore said this. >> would he potentially be helpful in a case against sydney powell? i think we would. and i think that that is kind of a wrinkle to this case. it's difficult on a whole bunch of different levels. so i could see why they would want him to testify relevant to sydney powell. but if you are not willing to give him the basic protections that any normal prosecutor in any other prosecuting office in the country would do, then you are just not going to be able to force the

powell, do you understand the charges that are against you here today? >> i do. >> reporter: powell spread the false conspiracy theory georgia election machines were controlled by venezuela, even pointing a finger at the country's former dictator hugo chavez, who is dead. >> this was exported from venezuela by maduro and by mr. chavez. this is the consummate foreign interference in our election. >> reporter: in an oval office meeting on december 18th, powell allegedly suggesting trump name her special counsel to investigate election fraud. in that same meeting, trump and his team allegedly weighed seizing voting machines and even declaring martial law. as part of her plea deal, powell is now required to testify against her co-defendants, including the former president. and david, trump and his legal team were caught completely offguard by the guilty plea. powell must now serve probation and write a letter of apology to the citizens of georgia. david? >> david: aaron katersky, thank you. >>> we turn now to the case that made international headlines, the n

attorney sidney powell, a key figure in former president donald trump's efforts to overturn the 2020n, has pleaded guilty in a fulton county courtroom. cbs's robert costa reports on what this could mean for her codefendants, including the former president. >> reporter: sidney powell, the conspiracy-pedaling former attorney for former president donald trump, sat in a fulton county courtroom today and admitted to her role in the breach of voting systems in georgia. >> are you pleading guilty today because you agree that there is a sufficient factual basis, that there are enough facts that support this plea of guilty? >> i do. >> reporter: powell was sentenced to six years probation, will pay thousands in fines, and write an apology letter to the citizens of georgia. along with trump, she was 1 of 19 defendants in the case brought by district attorney fani willis. powell agreed to testify truthfully against her codefendants at future trials. >> if i'm donald trump, or i'm donald trump's lawyer, i would certainly not be happy. >> reporter: beyond georgia, powell was a central figure in p

powell agreed to testify truthfully against her co-defendants at future trials. >> if i'm donald trump or i'm donald trump's lawyer, i would certainly not be happy. >> reporter: beyond georgia, powell was a central figure in pushing trump's false elections denial claims. >> president trump won by a landslide. >> reporter: in a now-infamous december, 2020, oval office showdown, powell pushed to seize voting machines to look for fraud. and although trump entertained her conspiracy theories, some white house lawyers were appalled. >> what they were proposing i thought was nuts. >> reporter: powell's impact on trump and others in the case could be significant. >> you were in the room with sidney powell, you are very, very nervous now. >> reporter: robert costa, cbs news, washington. >>> coming up, soldier charged. the u.s. army private who fled to north korea now faces multiple counts. >>> and another festival ride mishap. how a ride got stuck in the air with the operator and the passenger. >>> this is the "cbs morning news." i have moderate to severe crohn's disease. now, there's skyrizi.

what's your take post powell? it's not like the market is falling out of bed all that much. >> it's not done. if you're a trader, how crazy do you have to be? how ignorant of risk management to go into this weekend long with what's happening in the middle east? it's not just isolate to go gaza and israel, this is coming from yemen, allegedly because of iranian-backed militants. so the down side to investing we've heard some of the most experienced investors who have a global look and wide ranging look with credit and equities, gold, et cetera, like paul tudor jones and others, saying this is the worth time to invest, and i'm paraphrasing, because of the risk profile. the way i look at it, there may be a seasonal fourth quarter rally but from what level? >> let me go down to emily wilkins in d.c. following the vote as republicans try and elect a speaker of the house. what's the latest here? >> reporter: scott, republicans and the entire house has finished their third vote for speaker and, again, jim jordan has fall

actually right now we are seeing jay powell at the podium. we generally know what he's going to say and have his prepared remarks. waiting for him to continue his speech and return back to the new york economic club for the q&a. for now i want to return back to steve liesman. steve, things are gotten settled in the room, jay powell back at the podium. they did inch higher after the comments but eased back. what's your take on this disruption. again, i want to come back to you. jim and jenny saying they believe the comments are muddled. do you expect more clarity in the q&a? >> yeah. i'll just -- let me talk about the -- powell is dammed if he does, doesn't on climate change. he did a little bit in terms of saying we were going to be not really making it official, but just looking at the climate risk in different banks' portfolios and then got hammered by the republican side and now getting hammered from the other side for apparently not doing enough. this idea that the fed should be out there, what was said a long time ago, by sara bloom rask

well, jay powell had to take on that, too. take a listen to his take on the volatility, specifically. markets have been volatile. they've been longer. you know, you've seen the rates moving up and down a lot. i think we have to let this play out and watch it. but, you know, for now, it looks it's clearly a tightening in financial conditions. and so we'll be watching it carefully. well, it's a tightening in financial conditions. is he not the only fed official to come out and say that, in fact, so many people you have cleveland fed president loretta mester. you've had lorie logan over at the dallas fed all saying that, well, maybe the bond volatility that you're seeing, it's actually doing some of the work for the federal reserve that's going to have ripple effects. what does that then do for cuts and for how that's being priced into the market? because if you actually pay attention here, the cut pricing is pulling back. now you are only seeing the market price in about three cuts as the most likely outcome. and that's really w

whether powell was dovish will be depend on how the data breaks.e hiking game. powell made clear he was going to give you a couple months here to let the economy and the outlook sort itself out. >> wow. stay with us as we talk about the surging bond yields we've seen today and in recent weeks. the 10-year treasury reaching 4.9% since '07, almost 5, putting pressure on stocks. let's bring in brian jacobson, chief economist with an next wealth management. is this move in yields fundamentally justified? >> i think it is if you consider one of the fundamental forces in the bond market, the fed, is continuing to do quantitative tightening. they're not in there being that priced in sensitive buyer. foreign demand has diminished. households have had to step in. looking at it through that lens as far as the forces based on issuance and the flows i think the move is justified, but i also think it makes it that much more attractive if you can hold the bonds to maturity. we have to get access to bonds through mutual funds and etfs and deal with the mark to ma

powell agreed to testify truthfully against her codefendants at future trials. >> if i'm donald trumptrump's lawyer, i would certainly not be happy. >> reporter: beyond georgia, powell was a central figure in pushing trump's fall selection denial claims. >> president trump won by a landslide. >> reporter: in a now-infamous december 2020 over all of a showdown, powell pushed disease voting machines to look for fraud and although trump entertained her conspiracy theories, some white house lawyers were appalled. >> what they were proposing, i thought was nuts. >> reporter: powell's impact on trump and others in the case could be significant. >> you were ever in the room with sidney powell, you are very, very nervous now. >> reporter: in exchange for no jail time, powell pleaded to reduce charges, just one day before jury selection was set to begin in her trial, and sources close to some form of president trump her testimony will be closely watched by his inner circle. >> norah: i bet. robert costa, thank you. well tonight, more twist and turns and growing frustrations as the republican-l

so we heard from vice-chair jefferson and governor wall and powell is with them.hat was so interesting it comes to the back of really strong data, a blowout jobs report, high inflation report, surprising retail sales report. but you can look through that, because they've done a lot and he's pretty sure there's still a lot of impacts to come through to the economy. so this is a fed that's moved into the patient zone. >> for sure. i guess you say we can look through the recent state of very strong economic growth data, but does that give you confidence we're going to slow apprec appreciatably soon? >> there's less interest rate sensitivity in the economy, but that explains why the fed has been able to hike rates 500 basis points without killing the economy. does that mean they can hike another few hundred? no. or another hike or two, no. what it does mean is they do need to keep pressure on the economy, and when chair powell talks about raising rates further or rates becoming more restrictive over time, that's because inflation is falling. the fed intends to allow i

guilty. >> miss powell, can you please raise your right hand?d affirm the testimony you will given this matter currently before the court should be the truth in the whole to truth, and nothing but the truth. >> i do. >> how old are you, ma'am? >> oh, gosh. >> 68. despite my astonishingly youthful countenance. >> are you able to write it read right and understandings language. >> yes. >> you understand the charges before you today? >> misspell her beheaded a document titled a plead guilty form, is this your signature as well on the second page? >> yes. you understand the recommendation to the court as to this accusation on count one through six will be sentenced to 12 months of probation to run consecutive? >> i do. >> do you understand a 6000 dollar fine be imposed and restitution of $2,700 be paid the state of georgia, an apology letter being written to the citizens of the state of georgia that you truthfully testify at all hearings and procedures are trials involving the code events in this matter that you have no contact with codefendants, wi

if i'm powell's attorney, i would say now is your moment.tion where you're ready to cooperate with the state prosecutors, do it with the feds as well before they can even get to the point of considering charging you because you only sort of have a limited window. >> do we know they're getting to the point of considering charging her. no one else has been charge but donald trump. >> no one else has been charged but we have reason to believe she's one of the unindicted coconspirators, if you want to ward off the possibility of them coming at you, you may want to make that. >> ken chesebro, we keep getting conflicting -- >> i'm pretty sure "chez." >> okay. >> does he make a plea deal after this? >> he's been vociferously trying to fight this and hasn't found success in the courts. by all accounts, he's going to go forward with the trial on monday. before a couple of hours ago, we didn't know about sidney powell, so all bets are off. >> kenneth chesebro, my apologies to mr. chesebro. i'm going to listen to laura jarrett. thank you very much. lis

what impact do you think powell is having at the moment? powell still matters. they do set monetary policy. i intend to ask about this. do they have less influence than they used to because of all of the other factors. they do have influence on one thing, which is where they are buying treasuries, which they are not doing anymore which may be exacerbating the long problem at the curb. alix: i'm sure that is going to come up. we are going to be structurally higher no matter what the fed winds up doing. things like fiscal policy, the deficit, what is happening in d.c. david: the speaker of the house. clearly, people are getting a little nervous about how much money the government is a borrowing and if they are going to pay it back when we do not have a figure of the house, we will have to borrow more money due to the defense given what is going on in israel and ukraine. markets are getting nervous about repaying all of that debt. guy: we better not keeping any longer. you have things to do. we are looking forward to this. it is going to be fantastic. everybody is

. >>> plus the mccracken cracks, sidney powell admits she spread lie after conspiracy after lie about the 2020 election. she will testify at trial, including against donald trump. i'm dana bash. let's go behind the headlines and "inside politics." >>> up first, best laid plans, scrapped. we entered today expecting a third vote right around this time to try once again to give jim jordan the gafl. that vote is no longer happening. now we are told that jordan will get behind plan d or e or i've lost track of the letters at this point, but sources are telling us that jordan will back giving more power to a speaker place holder patrick mchenry, and that will happen while the tries to continue back room dealing to get his way to the gavel over the next few months. let's go straight to manu raju, who is also over this on capitol hill. what is the latest at this moment? has jordan come out of this meeting and said i'm into this temporary plan? . >> reporter: he's said this behind closed doors. there are a number of fast-moving developments in this saga that gop leadership crisis a that has pa

. >> powell is the most important invoice listen to. >> hopefully, we get more clarity from powell. >e fed. >> we have read too much into recent fed speak. >> the tenor of the coming from the fed has shifted, has become more hawkish. >> the long end of the curve has done a lot of work for the fed. >> the rise in bond yields is doing some of the work for them. >> the rationale for die linke down a touch is the huge backup in long-term yields -- dialing it down a touch is a huge backup in long-term yields. >> i think the fed will try to be patient especially with real yields where they are. >> if they came into the effect of the tightening they have done already -- it is the cumlative e fect of what the tightening they have done already. guy: listen to david westin speaking with the fed chair jay powell. you do not want to miss that. it'll be a fantastic conversation. with the countdown to it over the next hour. we are waiting for the 10 year to hit 5%. much of the rest of the curve has already there. do you buy bonds add 5%? let's put the question to ubs global chief investment officer

and scott hall specifically is trouble for powell.veryone, all the 19 is really most in the cross hairs and most precarious and that might mean most likely to consider cooperation and taking the plea herself. >> just got some new information, this delay is because the judge is on another trial as well. he's on a murder trial, so 2:00 now, but let me ask you about something thatthe atlanta journal-constitution" reported. that is thatast a handful of the n 18 defendants have gotten offers from the d.a.'s office or prosecutors have touched base with their attorneys to gauge their general interest in striking a deal for a reduced charge in exchange for their cooperation. this is according to legal sources. i mean, i think one of the biggest questions here has always been who might slip, right? scott hall just the first domino to fall? >> right, and that -- i mean, in some ways the biggest question, compare fani willis's previous sort of claim to fame as a rico lawyer, 35 defendants in the educator's case, only 12 wound up going to trial.

powell. she stands from going from donald trump's chief legal warrior to someone who could be a star witness in the trial against him and who could give prosecutors access to those inner circle discussions that she had with members of trump's legal team, with the former president himself, and of course as you mentioned, her role down in coffee county in rural georgia breaching that election data. >> so tim, she seems to me as crazy as mike flynn, as hands on as the other guy who pleaded guilty already for the coffee county break-in and as sort of maniacal as the overstock guy in terms of using all the levers of power. just tell us how important she is to this case and these still unanswered questions about january 6th. >> yeah, nicolle, look, i think she's potentially really important, but unclear whether she provides a linkage between what she's pleaded to and the former president or other senior members of team crazy. i think from my quick review of the plea is that she has pled to a misdem

powell had nothing to do with coffee county. she didn't have anything to do with it.contending that there's evidence that shows that. so that testimony, e-mails, documents, other information that demonstrates that people were asked, what do you know about ms. powell connected to coffee county, and they say nothing, never talked to her. never spoke with her. never met with her. all of that information, your honor, i have been saying. >> reporter: that's powell's side, and i think it's very clear to say we have only heard from her attorney so far in this hearing. we haven't heard from the state yet. what we did hear from the state was a preargument in a filing that came out earlier today ahead of this hearing, and basically, as you would expect, they pushed back vigorously on this for a couple of reasons. one, saying there's no basis for claiming prosecutorial misconduct, but also saying that essentially what sidney powell and her attorneys are trying to do, according to the state, is argue this case in motions basically saying that through this, they're presenting thei

powell's deal putting trump in even greater legal peril right now. welcome to our viewers here in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> this is cnn breaking news. >>> we're kepeping a very close eye on the conflict in gaza. we're now just two hours away from the president's rare prime time oval office address to the nation. he's set to lay out the stakes for americans as war rages in the middle east as well as in ukraine. our correspondents are standing by in israel and on the front lines at this very dangerous moment in the war against hamas. let's start with kaitlan collins. she's joining us from tel aviv. what do we expect president biden to say tonight? >> reporter: well, wolf, it's o only the second time you've seen president biden sit behind that resolute desk in the oval office and address the nation in prime time. i think it speaks to the gravity he is bringing to this message tonight. not only talk about the importance of sending aid here to israel but also more funding for the war in u

so stocks, they took a bit of a rattling yesterday after jerome powell spoke in new york.hat the markets were going to hang on his every word, so fill us in. what does the federal reserve chair have to say? >> well, it was a choppy session on wall street. ultimately all three of the major indices ended lower as you said. and investors were hanging on the fed chair's every word. i think the key line i would highlight for you is that powell didn't outline a specific policy path forward, he did comment does it feel like policy is too tight right now? i would have to say no. on the back of those kmechbts we saw treasury yields move higher, melt decades in many cases and that put pressure on stock markets. 10 out of 11 sectors were negative on the dead. now u.s. futures are pointing to further losses. worth noting we have bounced off the lows of this morning. perhaps a little bit of stabilization coming through. >> we'll keep watching powell's comments ahead. home sales dropped last month to the lowest over in over a decade. we mentioned interest rates. what else might be the c

for powell it means pleading guilty to misdemeanors. facing a felony, a major felony that called for prison. now she's pleading to much less serious charges. one of the cool things, unique things, is there's cameras in the courtroom. we've been surprised hearing today -- >> cool for us. >> everyone gets to see it. let's look at when the judge walked through the terms today. >> do you understand that the recommendation being made to the court as to this accusation on counts one through six that you be sentenced to 12 months of probation to run consecutive one another? >> i do. >> do you understand that the state is asking that a $6,000 fine be imposed and restitution of $2,700 be paid to the state of georgia, an apology letter be written to the citizens of the state of georgia, that you truthfully testify at all hearings and proceedings and trials involving the co-defendants in this matter, and that you have no communication with co-defendants, media, or witnesses until this case has been completely closed against all defendants? >> i do

jerome powell thinks taming _ balance of risks.on - balance of risks. jerome powell thinks taming inflation will- thinks taming inflation will require a slower growing economy and job market. still, officials may well be done with further interest rate hikes. the yield on a treasury bond is at multi—year highs. a surge in long—term rates pushing up borrowing costs could offset the need for the fed to do more by helping to slow economic activity. the fed will make its next decision on interest rates on november one. let's have a quick look now at the markets and how they reacted to all of the news from yesterday. we will see also how they react to how we close later today. essentially, they react to how we close latertoday. essentially, rent crude is up. asian markets are opening slightly down. let's discuss what is going on on wall street very quickly. also closing down following the federal reserve chairjerome powell's morning that inflation is still too high despite that recent slowdown. joining me now is the senior market analys

powell, mr. chairman, senators got 19 back with a 21 to 2 vote yesterday, those days for bank executives are over. chair powell, i look forward to hearing today how the federal protect american workers in the fight against inflation and promote an economy with a strong growing middle class. sarah scott? >> thank, you chairman. tara powell, thank you for joining us today. such an important time. your last appearance before this committee was about four months ago, just days before the collapse of two banks, and what we continue to investigate those bank failures, it is important to begin with the macro factor such as rising interest rates that continue and contributed to the bank failures in the current economic stresses for american families face every single day. looking through the lens, i want to turn to you in your roles in federal reserve, your role that continues to require constant scrutiny, because the american population reserves nothing less than what they need. the opportunities to suc

jay powell's speech.fter hearing what the fed chair had to say, do you feel you have a strong sense of the reaction function? >> i would agree almost with everything he said yesterday. i think the fed should focus on delivering 2% inflation and a lot of talk about the moving target of 3%. i think if they move inflation target from 2% to 3%, the ten-year bond will go from 5% to 7%. >> wow. you agree with everything the fed chair said. he stopped short of outlining any specific the policy path from here. he did say does it feel like policy is too tight right now? i would have to say no. what does that suggest what is coming next from the fed? >> i would say monetary policy is impacting policy through interest rates. interest rates are starting to get higher. i would say if the fed does nothing, keep it same for the next 12 months. >> do you approve of the st steepening of the yield curve yesterday? pricing in the fact that rates will the stay higher for longer? >> this is fashionable. two years ago, it was

volatility around powell. >> powell said in his remarks the fed takes the world as it is. >> the committee really feeling its way to what is the right level of real interest rates. >> it is a pretty optimistic speech of how the economy is performed. >> we are not going to take a hike off the table. >> we are going back to 2%. the fed is capable of giving -- getting us there. >> i think the fed is on hold until they see whether the economy slows as much as they anticipate. >> powell said he expects growth below trend. >> if you see inflation stagnate at current levels, the committee will conclude to raise rates of bet. >> the market has done well for the fed but are we restrictive enough? >> even if we are on hold on november 1 at the meeting, higher for longer will a name or in part of the narrative. sonali: volatility is alive and well as we inch higher on the tenured. there is a worry about what 5% means for the 10-year yield. now there is a drive to five. 5% is a level where you start to worry more meaningfully about a recession. markets have been with sighing and many investors are wro