david kelly joins us. david kelly, what have you adapted and adjusted as we going to q4?: we are still dealing with a lot of uncertainty until they clear up the situation in washington. we will either get a lot of clarity or chaos. we are betting on clarity. if you look at the claims data, there is this effect of the delta variant. the delta variant was much worse than anyone could have been dissipated in june and it did have a drag effect on the u.s. economy. you get 6.7% gdp for the second quarter, we will be down at 2% for the third quarter. it will be a lot weaker. the good news is we've seen a number of confirmed cases down 30%. i think the fourth quarter will bounce back strongly. there are a lot of waves. there is an economic wave, there is a delta wave, and we have to work our way through. tom: to the waves to evolve in 2022 towards michael feroli's call on potential gdp? is the glide path sub 3% economic growth? david: i think it has to be in the long run. we have seen productivity gains from adjustments during the pandemic. i think we can hold onto those. it wil

it is time to bring in david kelly of jp morgan, liz young of sofi, and john bellos, portfolio managertyler what i expect to see and hear today is four things so, first and foremost, i think chairman powell is going to stay vague about the timing because he wants to allow himself the flexibility to climb this wall of worry as eget through fall. i think the second thing we are going to hear is almost an exhaustive effort to decouple tapering from rate hikes that message is going to continue to be fed to us through everything that they say because what they don't want to happen is the expectation that as soon as tapering is over, that rate hikes are going to occur immediately afterwards i think they are going to continue to push that is not the case i also think we are going to see a movement in some of the projection force inflation i think in 2022, that projection likely goes up a little bit, which i'm not sure that the market is going to love that it could suggest that rate hikes are going the need to happen earlier. and then, lastly, in tandem with that, i think we do see some dots m

reserve said, have improved in recent months but the rise of covid cases have slowed the recovery david kelly was right, they lowered the gdp for 2021 they are calling for a rate hike in 2022. nine rate hikes are called for in 2022. the funds rate seen hitting 1.8% in 2024. quite a bit of work to do. unemployment rate is slightly higher 4.8% instead of 4.5. i want to talk about inflation they pulled up from 4.2 to 3.4 it remains above 2%, interestingly, through 2024. this is our first look at 2024 gdp was indeed pulled down 5.9% from 7% so they took 1.1% off the gdp forecast for this year and next year, actually, they put a little bit back, about half a point, 3.8% we are still seeing above trend growth through 2023. so i don't know what you want to call this. the prewarning of a taper is the way you would want to put it they kind of put it in there the exact language i will give you here let me offer what they exactly said there on tapering it was "if progress continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted" so maybe

fox business exclusive and first to react is chief global strategist jp morgan asset management david kelly. i'm thrilled you're here i want that reaction which takes the temperature for those of you who do not know pretty much all the economic regions it was peppered with dozens of references of the covid variant what do they know that we have not that i hope that you do. >> i think it's a combination of information that's available that may not be reported widely but is available, few things going on there is a huge reduction in auto sales. gdp numbers are very sensitive to auto sales and there is no inventory there are not enough chips to make new cars and because inventory is extraordinary low and people no, that affixed gdp. that is being the consumption estimate installing out of travel in some parts of the country stalling out of reopening because of the delta variant. temporarily the economy is growing more slowly in the third quarter because of the delta variant. but that doesn't change the fact that this is our fourth covid wave, things will come down, the economy still reopening

will confirm james hall to be under secretary of education and we will also confirm both david as studio angel kelly to serve as district judges in washington andmassachusetts respectively . this afternoon, we will also advance the nomination of miss roddick, rossman of colorado who had been nominated by president biden to sit on the 10th circuit court of appeals. mister rossman has spent practically her entire legal career in public service as a defense, federal defender giving a voice in the courtroom tothose who often cannot afford legal representation . she's also an immigrant who fled russia with her parents as a child after her family endured anti-somatic persecution in their home country. she understands recently the damage faced by those who endured discrimination. if confirmed, miss rossman would be the only federal defender to sit on the 10th circuit, one of the few in the entire country. i am proud to have nominated elise lead to the second circuit new york where she now sits and she too has been a federal defender. we also have plenty of prosecutors and corporate lawyers wearing black ro

the market's response to them right now with diane swan, chief economist at grant thornton and david kelly, chief global strategist at jpmorgan asset management good morning to you both diane, you've heard our discussion here. your first reaction, there's no getting around the fact that it's a disappointing number. i wonder how you would put it into context of the overall economic trend we're seeing. >> unfortunately we're seeing a huge deceleration globally as well we've seen really weak numbers come out of china recently the delta variant is hitting economies that escaped other ways, and i think that's very important to take into context that hurts the supply chain disruptions we've seen erupt out there, but it also hurts demand. looking at what's happening and where we saw the delta variant hit the employment report, that's demand related. we saw a blow as you already mentioned in leisure, hospitality, food services we know from the credit card data that spending stalled out and started to come down a bit as the wave got worse in the worst hit areas. mobility actually pulled back during

kelly leffler and david purdue with perfect example of that. you've got to dig into the details of why we're conservatives. that's the side show that's happening. we're not focusing in as republicans on what is an easy set of talking points. joe biden is driving the car in the ditch every day before he finishes his coffee and we're not talking about it. i guarantee tonight's little ray will in perry, georgia, a beautiful part of the state with a lot of conservatives, is going to be donald trump talking about all the people he doesn't like instead of talking about what's happening in d.c. and around the country. that's we're not taking care of the big issues. >> how concerned are you that the midterms will give a false sense of what matters inside your party? you wrote based on how precedent works, republicans are in good position in the house, in the senate, and they decide that pursuing what they're pursuing now in terms of the former president's priorityies is a winning message when it's just the general infrastructure for a first term presid

tomorrow, we will move the nominations of david estudillo to be district judge of the western district of washington, angel kelly to serve as district judge for the district of massachusetts, and the senate will also begin consideration of monica rossman to be the circuit judge of the tenth circuit. on the legislative front, the senate will pick up exactly where we left off last month. we will continue our fight to preserve voting rights for millions of americans. and of course we will continue to -- continue working to pass president biden's build back better agenda and set our country on a path to prosperity for decades to come. at the end of the last work period, the senate took two important steps to achieving that goal. first, we passed the bipartisan $1 trillion infrastructure bill that will make historic investments in our nation's physical infrastructure. second, senate democrats came together to pass a budget resolution with reconciliation instructions that will clear the way to pass a reconciliation bill with historic and transformative investments in american jobs, american families, and the fight aga

kelly guilty on all counts david henderson, thank you. >>> minutes before the start of a san diego padrese, a tragedy at the ball park a mother and her 2-year-old killed when they fell from an upper deck of the stadium, but now police are calling it suspicious >>> a college student missing in orlando. the person of interest in the case found dead. now police asking for the public's help to piece together what happened. >>> tiktok hits a major milestone. presidents and entire countries are trying to block people from even using the thing what next for tiktok if you're 55 and up, t- mobile has plans built just for you. whether you need a single line or lines for family members, you'll get great value on america's most reliable 5g network. like 2 lines of unlimited for just $27.50 a line. only at t-mobile. (vo) this is more than just a building. it's billion-dollar views. perfectly located. an inspiration. and enough space to start an empire. loopnet. the most popular place to find a space. (vo) this is more than just glass, walls, doors and carpeted floor. it's a place to change the world.

we'll also confirm both david estudillo and angel kelly to serve as district judges in washington and massachusetts respectively. this afternoon, we will also advance the nomination of ms. veronica rossman of colorado who has been nominated by president biden to sit on the tenth circuit court of appeals. ms. rossman has spent practically her entire legal career in public service as a federal defender, giving a voice in the courtroom to those who often cannot afford legal representation. she is also an immigrant who fled russia with her parents as a child after her family endured anti-semitic persecution in their home country. she understands personally the damage faced by those who endure discrimination. if confirmed, ms. rossman would be the only federal defender to sit on the tenth circuit, one of the few in the entire country. i am proud to have nominated iew niece lee to the second -- nominated eunice lee to the second circuit in new york. she, too, was a defender. like so many other of president biden's judicial nominees, ms. rossman would bring a sorely needed perspective to our

kelly guilty on all counts david henderson, thank you. >>> minutes before the start of a san diego padres game, a tragedy at the ball park a mother and her 2-year-old killed when they fell from an upper deck of the stadium, but now police are calling it suspicious >>> a college student missing in orlando. the person of interest in the case found dead. now police asking for the public's help to piece together what happened. >>> tiktok hits a major milestone. presidents and entire countries are trying to block people from even using the thing what next for tiok and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. >>> the amtrak train that derailed and killed three people in rural montana on saturday was going just under the speed limit of 79 miles an hour, th

kelly guilty on all counts david henderson, thank you. >>> minutes before the start of a san diego padres game, a tragedy at the ball park a mother and her 2-year-old killed when they fell from an upper deck of the stadium, but now police are calling it suspicious >>> a college student missing in orlando. the person of interest in the case found dead. now police asking for the public's help to piece together what happened. >>> tiktok hits a major milestone. presidents and entire countries are trying to block people from even using the thing what next for tiktokking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big d

kelly. [chime] angeline carter. [chime] sharon a carter. [chime] william e caswell. [chime] sergeant first class john chata. [chime] rosa maria chaupa. [chime] david] sarah m clark. [chime] julian cooper. [chime] asia s. [chime] lieutenant commander cranford. [chime] ida davis. [chime] james e debonair. [chime] captain gerald picanto. [chime] rodney dickens. [chime] lt. col. jerry dickerson. [chime] eddie dillard. [chime] johnny dr. junior. [chime] captain robert dolan. [chime] commander william h donovan. [chime] lieutenant commander charles dross iii. [chime] commander patrick done -- dunn. [chime] petty officer first-class edward ehrhardt. [chime] barbara g edwards. [chime] lieutenant commander robert elsiff. [chime] charles falkenberg. [chime] and his wife, leslie whittington. [chime] and there two children dana and zoey. [chime] petty officer 3rd class jimmy fallon -- jamie fallon. [chime] joseph ferguson. [chime] amelia fields. [chime] gerald fisher. [chime] darlene flag. [chime] enter husband wilson flag. [chime] petty officer second-class matthew flaockow. [chime] sandra foster. [chime] first lieutenant gabriel. [chime] captain lawrence ge

. >> kelly: that's why talked about horses apparently, but you have a lot of nicknames for late-night process. >> tracy: david k wizzy. abi should just be kc, i am not cool. >> tracy: do it! come on! you got me, right? >> kelly: y'all, k wizzy is in the house! [cheers and applause] >> tracy: i have to tell you, i gave you the handle, your ghetto card is platinum stamped. you can be in harlem and walk freely. >> kelly: thank you. love animals like me, i heard about this, so what animals do you own right now? >> tracy: they are my daughter's animals, but she has a shark tank, a 15,000-gallon shark tank, and has a cone snail, a 7c on t

david henderson, thank you. >>> in closing arguments for the r. kellyrial today, prosecutors laid out decades of sexual abuse allegations against the rnb singer he used money and fame to hide crimes in plain sight. the five-week trial femalatureda dozen baaccusations from women, under age girls and boys saying he would lure them in through music and promise to help start their music careers. at the center of the case, his youngest victim, aliyah was 15 years old when he illegally married her in 1994 so she could get an abortion with his con sent r. kelly niens announced he wout take the stand he surrounded himself with enablers who he manipulates to stay quiet they used the head of an octopus as an example as a criminal enterprise and the tentacles were instrumental to keeping everything under wraps prosecutors skad r. kelly would threaten to kill the women or exact revenge in some way. they are set to continue their closing and lit be a decision at some point >>> the los angeles city council is seeking $5 million for people whose neighborhood was damag

david: one of the things we hear from people, including ray kelly , part of the problem with new yorkce's we put too many constraints on them. we are too concerned about their behavior on the street. we have kept them from doing their jobs. >> think about this for a moment. a police officer has an authority no one else has, not even the president of the united states. they can take life and liberty. we have to have proper oversight. proper oversight should not be demonizing those men and women who put on that uniform and protect us every day. we can have the right level of the justice we deserve and the safety we need. i am going to bring that to new york. david: can you do that and not have the abuses we have seen? >> yes, we can. i believe we wait too long to get rid of the small number of police officers that do not really respect what it is to wear that badge and uniform. once you send the right message with the right police commissioner and chief, you will see a change in the dynamics of policing. >> can you do that with the police union? >> yes, you can. i know the heads of the

prosecutors today said kelly faces a mandatory minimum of ten years behind bars and up to life in prison, david. >> stephanie ramos, thank you. >>> we're going to turn now to the pandemic. president biden getting his pfizer booster shot today. the first lady, dr. jill biden, getting her booster, too, as thousands of americans now line up, in fact, millions are now eligible for these boosters. president biden rolling up his sleeve eight months after his second shot. and making a new plea today to the unvaccinated to get that first shot. and the concern over children back at school. more than 200,000 new cases involving children last week. so, tonight here, what is the timeline for that pfizer vaccine for children 5 to 11? news on when pfizer will send their data to the fda. here's eva pilgrim. >> reporter: eight months after getting his second pfizer shot, president biden rolling up his sleeve today for a vaccine booster. >> did you have any side effects from the second shot, mr. president? >> no, i haven't any side effects, the first or the second shot, thank goodness. >> reporter: since the cd

just ask kelly loeffler and david purdue. donald trump was so focused on him.some tough roads in front of us. >> all right, the new book is "gop 2.0," how the 2020 election can lead to better way forward. lieutenant governor jeff duncan, thank you so much for being on. congratulations on the book. good luck. republican governor greg abbott defends his state's new abortion law. >> it is unconstitutional until the supreme court decides actually uphold it. >> the defense is ridiculous. as democrats on capitol hill urged the justice department to get involved. "morning joes" is coming right back. is coming right back ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ vo: just getting by, it's an ongoing struggle. that's why president biden and democrats in congress have a plan to lower costs for america's working families. lower costs of healthcare premiums and the price of prescription drugs. pay less for electric bills by moving to clean energy. and do it all by making the ultra-wealthy pay their fair share of taxes. it'd be a win for the everyday american family. right when they cou

picture to a big surprise from david letterman to the goats on the lam going buck wild, it's tuesday, september 28th. >>gooduesday morning everyone. we begin with singer r. kelly convicted on all counts of his sex trafficking trial. >> this morning his former bodyguard and childhood friend is responding to the verdict. the allegations go back decades with kelly. he was accused of locking girls inside rooms restricting when they could eat or go to the bathroom. >> after nine hours of deliberations the jury reached its decision. this morning, singer r. kelly once a global superstar now faces the possibility of life in prison. a jury finding him guilty in a federal sex crimes trial where prosecutors said he used his fame to engage in sex trafficking. >> i have pursued many sexual predators who have committed crimes against women and children. of all the predators that i have pursued, however, mr. kelly is the worst. >> reporter: prosecutors accused kelly of recruiting women and girls for sex holding them against their will and threatening them if they misbehaved. the guilty verdict coming on the first full day of deliberations. >> the jury delivered a powerful me

david zervos joins us, the chief market strategist at jefferies you think he won't be nominated? >> well, to be clear, kellyought jay's probabilities were actually low i was away from the market and have been the better part of the year. >> true. >> i thought divisive politics in d.c. really meant that the democrats did not want a republican in such a powerful job going into the mid terms especially if they are unable to get this fiscal p.k.age through and the only thing left is monetary policy. they need real control even further ahead, into the 2024 presidential election. >> you are right, i remember you wrote about this maybe even year ago. all the dovish surprises he has given us the last few months, people are surmising this was part of this effort to signal i'm still your guy now maybe you are thinking it's not so much there is anything wrong with what he's doing on the monetary policy side but there is an opportunity for people to replace him and maybe questions need to be asked about why there wasn't more oversight into what was going on with this trading. i think you are right. i think this creates

tomorrow, we will move the nominations of david estudillo to be district judge of the western district of washington, angel kelly to serve as district judge for the district of massachusetts, and the senate will also begin consideration of monica rossman to be the circuit judge of the tenth circuit. on the legislative front, the senate will pick up exactly where we left off last month. we will continue our fight to preserve voting rights for millions of americans. and of course we will continue to -- continue working to pass president biden's build back better agenda and set our country on a path to prosperity for decades to come. at the end of the last work period, the senate took two important steps to achieving that goal. first, we passed the bipartisan $1 trillion infrastructure bill that will make historic investments in our nation's physical infrastructure. second, senate democrats came together to pass a budget resolution with reconciliation instructions that will clear the way to pass a reconciliation bill with historic and transformative investments in american jobs, american families, and the fight aga

upper hand, david katz is here he is a jeffries managing director best position stocks, you think draft kings, caesars, mgm. >> the way we thought about it, stepping back for a moment, kelly in order to succeed in this value shchain, you need market access, brand, and content. a survey we published thunderstorming highlights our thesis that the technology piece is so critically important it highlights consumers' responses in terms of ease of use, being able to get into the app, deposit money, find the bets they want and withdraw their funds over time. and what we discovered is that 52% of all respondents chose ease of use as a top criteria in choosing an app. and that was up 10 percentage points from the last time we did this survey back in march ahead of march madness >> i want to mention a couple things that will distinguish this nfl season. it will be the first one where we have a bunch of states, tennessee, virginia, arizona, connecticut, maryland and you say potentially new york and florida. why only potentially new york and florida? >> well, those are in some stage of process of legalization and new york has said they would like to legalize and figuring out what the

kelly. we love you can read missy. -- we love you and we miss you. >> gary eugene bird. >> joshua david birnbaum. >> george john bishopris romeo bishundat. >> jeffrey donald bittner. >> albert balewa blackman, jr. >> christopher joseph blackwell. >> carrie rosetta blagburn. >> susan leigh blair. >> harry blanding, jr. >> janice lee blaney. >> craig michael blass. >> rita blau. >> richard middleton blood, jr. >> michael andrew boccardi. >> john paul bocchi. >> michael l. bocchino. >> susan m. bochino. >> deora frances bodley. >> bruce douglas boehm. >> nicholas andrew bogdan. >> darren christopher bohan. >> lawrence francis boisseau. >> vincent m. boland, jr. >> touri hamzavi bolourchi. >> alan bondarenko. >> andre bonheur, jr. >> colin arthur bonnett. >> frank j. bonomo. >> yvonne lucia bonomo. >> sean booker, sr. >> kelly ann booms. >> canfield d. boone. >> mary jane booth. >> sherry ann bordeaux. >> krystine bordenabe. >> jerry j. borg. >> martin michael boryczewski. >> richard edward bosco. >> that my father. -- and my father we love you and miss you. >> my brother and friend. in remembrance, american brotherhood,