first up, our own man, edward lawrence as always, live at the federal reserve board. edward? this kind of looks a little messy to me. reporter: very, the dow was in positive territory before the 2:00 eastern time announcement and it dropped about 1,173 points from that point and settled in right around what, 1,100 as you were talking so the fed did cut 25 basis points in this and the federal reserve he's backed off that mission accomplished statement that he was having or that feeling he was having before this meeting on inflation. in fact the fed chairman went on to say that you can't just look at two months of increased inflation and see a trend though. listen. >> we have inflation coming down core inflation coming down to 2.5 next year. that be significant progress. you see a slower path. i think that does take on board that we want to see real progress but we be seeing meaningful progress to get inflation down to that level. reporter: so but now the federal reserve chairman back to talking about inflation adding he's feeling good about where they are at the moment. still

so i'm edward lawrence in for elizabeth macdonald.elcome to the special edition of the "evening edit." so doge calling to cut back on washington's financial regulators as they look to consolidate the federal government. grady trimble live at the white house digging deeper into the new target. grady? reporter: yeah, so elon musk and vivek ramaswamy, edward, have floated this idea before of consolidating or maybe even outright eliminating some financial regulators and now they're doubling down on that, in a post on x, the day after christmas, vivek ramaswamy is calling out the consumer financial protection bureau specifically because of a rule it finalized less than two weeks before christmas that has to do with overdraft fees for banks. ramaswamy says that that rule will drive low income americans to high cost pay day loans instead, and he says it is flat out government overreach. writing in that post, this latest cfpb is just a symptom of a deeper and unconstitutional cancer of unelected bureaucrats substituting their policy judgments

watching kudlow and have a very merry christmas, everybody but first, you've gotta tune into edward lawrence he's in for elizabeth macdonald. he's up next. it's all yours, edward. reporter: thank you, david that was a great show to start the week let's carry this through here. david: absolutely. >> i'm edward lawrence in for elizabeth macdonald. we will get right to this. welcome to the evening edit. president-elect trump suggested that the u.s. should take back control of the panama canal complaining about how tolls and china's influences but panama firmly rejected the idea. grady trimble is live at the white house investigating this , grady? reporter: hey, edward. so the panama canal used to belong to the united states and was controlled by the united states but gradually, until 1999, the u.s. handed over control completely to panama. well, now, the president-elect is saying if they don't lower the fees, u.s. shipping companies pay to use the canal, then we might have to force them to return it to us. this is the post on truth social that got this debate started. the president-elect writes

we have liz peek, and t taylor rigs on, that but first, edward lawrence, live at the white house. what's cooking. reporter: larry, after the 4 years economically we just lived through there is some euphoria for many americans and business community, fox news polling shows 54% of people are somewhat or very hopeful about the future, more than relief, hopefulness can be seen on floor the new york stock exchange, president-elect trump rang the opening bell with this message. >> we're going to put it straight, give tremendous incentive like no other country has, we're cutting your taxes s substantially, we get them to 15 only if you make your product here. reporter: president trump pledges to get rid of onerous regulations, impose by biden administration, and company investing a billion will get expedited permits. meta donating 1 million to trump's inauguration fund a few weeks after zuckerberg had dinner and a meeting at mar-a-lago, and bezos will be coming next week for a meeting, the key to open -- lower prices is opening up american engineer. >> number one plus. when it happens pr

first or man edward lawrence, live at the federal reserve board. this kind of looks messy to me. reporter: and the dow reflecting that it was positive territory before 2:00 eastern time announcement it dropped about 1173 points from that time and settled in 1100. the fed did cut 25 bases points, federal reserve backed off that mission accomplished statement. he -- or feeling he had before the meeting, on inflation, the fed chairman said that you can't just look at two months of increase inflation, and see a trend. >> we have inflation coming down, core inflation coming to 2 1/2 next year, that is a significant progress. you see a slower path, i think that does take onboard that we tom see real progress, but we would see meaningful progress to get inflation down to that level. reporter: so now federal reserve chair back to talks about inflation adding he feels good about where they are at the moment but dropped word recall recalibration from the news conference, i want to know where the rate cut train is headed. >> i think markets look for more clarity. i heard estimates, i think

larry: edward lawrence thank you. trumpian growth is supply side cure to biden inflation. stay with me. nobody knows what drives stocks up or down. in short run, that is why i have long been a believer in buy and hold index fund strategy, passive investing. and i know many smart people disagree. i respect that. but that is still my view. now all that said, it is not worthy that dow jones has dropped 9 straight days for first time since 1978. now, over half of dow decline is function of 20% drop in unitedhealthcare group following heinous murder of insurance ceo late mr. brian thompson, roughly 2/3 of dow components have fallen during this 9 day sell-off, including nvidia, dropped 11%. now, nobody should push the panic button to the stack morket. -- stock market, s&p 500 has been flat during this dow sell-off period. but the dow drop gives me an opportunity to raise a couple of economic policy issues, that may or may not have anything to do with the sell-off, nonetheless, none of less, i think that federal reserve will make another mistake when they drop their target intere

anyway, thank you, edward lawrence. appreciate it very much. president trump captured a new american zyquist. he rang the bell for the new york stock exchange and edward chronicled and it's still the font of american capitalist and you could hear the chants of usa, usa coming from the floor brokers. mr. trump is the first president since ronald reagan to ring the bell at the opening and after the four years of absolute failure of joe biden's government socialism and modern monetary theory, it's no wonder the stock exchange floor traders were cheering and mr. trump promised tax cuts and deregulation to promote the economic growth of 3% or better. of course, he himself understands business because he was an enormously successful businessman. virtually no one in the biden administration ever worked in business. except for a few, in charge of dei and esg programs. which don't count. and will be blown away by the new president elect. over 2 trillion worth of regulations and most particularly the biden war on fossil fuels. this modern brand dumped sa

larry: edward lawrence, thanks very, very much. folks, little different. trumpen growth is the supply side cure to bidenflation and that's the subject of the rift.. i've long been a believer in a buy and hold index fund strategy, ie passive investing. i know many, many smart people disagree and i respect that, but that's still my view. all that said, it's not worthy that the dow jones index dropped nine state days a edward reported for the first time since 1978. over half the dow decline is a function of 20% drop in united health group, following the heinous murder of their insurance ceo, the late mr. brian thompson. just awful. aside from the united health tragedy, roughly two-thirds have palp during the nine day selloff, including nvidia, which has dropped 11%. s&p 50 has been roughly flat during this selloff. it gives me a opportunity to raise a couple of economic policy issues and may or may not have anything to do with the selloff, nonetheless nonetheless, the federal reserve will be making another mistake dropping their target interest rate tomorrow

edward lawrence has that story from the white house. ♪ confident. measured. ready.ke life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com. i'll be home for christmas. you can count on me. please have snow and mistletoe and presents under the tree. right now all over the country, kids at shriners hospitals for children™ are able to go home and be with their families for the holidays. and it's only possible because of the monthly support of people just like you. thanks to a generous donor, every dollar you give, will go three times as far to help more kids. with your gift of just $19 a month, only $0.63 a day. we'll send you this adorable love to the rescue® blanket as a thank you and a reminder of the care you'll be providing so kids can be with their families. chris

edward lawrence is live in phoenix with more. o, edward. >> reporter: yeah a, mike, this felt like a campaign victory speech. the president heavily relied on the border. it's very interesting how he spoke to this crowd which ate up his message here, talking about this is a common sense revolution. now, the president-elect said that early voting really helped him. he said that the young vote also made a difference for him in this. he heavily focused around the border. now, he's say, the president-elect saying that the golden age of america is upon us. one way or another, the border will be secure. listen to this. ♪ ♪ >> you have people that don't know what they're doing, and we're going to change it because your border is a disaster. your border is a disaster, what's going on. and you just have a few days to wait. we're going to be fully operational, i would say, by about 2:00 on the 20th. >> reporter: so the president-elect says that the trump effect has already started to bring in jobs. he points to the announcement from the soft

watching kudlow and have a very merry christmas, everybody but first, you've gotta tune into edward lawrencell yours, edward. reporter: thank you, david that was a great show to start the week let's carry this through here. david: absolutely. >> i'm edward lawrence in for elizabeth macdonald. we will get right to this. welcome to the evening

let's go live to edward lawrence at the white house, the trump trade evidently still has legs, doesn't >> reporter: apparently so. president-elect trump believes it's the expectations of lower regulation, of lower taxes and fewer prices actually coming down that's already brought some of these investments here into the united states. you mentioned the soft bank ceo today, that announcement was made today where the soft bank ceo announcing a huge investment over four years related to artificial intelligence, also chip making technology. we're talking about $100 billion, creating 100,000 u.s. jobs. listen to this. >> well, my promise is 100. but he's asking to do more. i think, you know, with your dealership, my partnership with you, with your support, i will try to make it happen. all right. >> 200. he'll make it happen. [laughter] >> 200 million investment. >> he's a great negotiator. [laughter] >> reporter: still trying to negotiate to 200 billion even in the announcement. the incoming president points to some of the president-elect's greatest detractors coming to mar-a-lago for meeti

edward lawrence lutz could've placed the founder and ceo, he knows drones very well what do you thinkt are these and what is going on. >> is a complete fair question. i think there are drones flying around and a lot of the video clips that i have seen look to me to be commercial aircraft. mostly because of the navigation lights that are included in a lot of those clips. if you see red and green flashing lights on the aircraft. in general 737 have a doctors that kind of thing i broadly get more interested when you don't see those lights on whatever your scene. >> interesting i've had some say just the opposite, you make this you know the stuff. i'm wondering whether there should be a crackdown on drones and the referring to the fact that there flying over the club and bedminster new jersey and a lot of other airports on the bike. the crackdown is warranted, that's definitely a reasonable thing for the government to put in place in some areas. we predominantly build drones for a public safety use case and police and fire department. i think it's pretty important that they are able to fl

san francisco federal resee bank president mary daily telling fox business edward lawrence that one more rate cut this year might be under investors christmas trees. that whilehe united states economy is in a really good place, she says, but that the federal reserve needs to keep moving interest rates down. however, there's so many howeve, the fed alsoeeds to keep policy restricted so you've got the two-year yield moving lower, and the 10-yearield u about 3 basis points to 4.226%. wellow is that for sparking a is this good news i can't tell discussion? let's get to the floor show because these guys know joining me now, investment managers, lead portfolio stregist jack and trader scott redler. it all.e here to make sense of jack we're lookingt geopolitical drama that was very intesting, becausehe s&p if you look at the intraday may we can pull that up u can see that it starte punch backup into positive territory when south korea's president basically said okay,kay, i will lift martial law. no dou he was hearing from numerous world leaders saying dude, what are you doing? that said, what d

so i'm edward lawrence in for elizabeth macdonald. welcome

i'm edward lawrence in for elizabeth macdonald welcome to this special edition of the "evening edit." proposal to lower prices by increasing energy production includes boosting u.s. oil drilling, and lng exports, grady trimble said white house with more on the plan to "drill baby drill." reporter: edward there's excess supply of oil globally now expected to continue that surplus into 2025 according to the international energy agency, and as he gets ready to move into the building behind me, the white house, president-elect trump is looking to make good on his promise to lower prices across-the-board by increasing energy production, in the united states. >> we're going to have so much oil & gas and other things you won't know what to do with it. you'll say please, president trump, stop. we have too much. the prices are going too low, sir. i will direct every cabinet secretary to cut 10 old regulations for every new regulation, which i did last time. >> [applause] reporter: despite president biden's green agenda, the u.s. set a record for crude oil production in 2024 and president-elect

fox's edward lawrence is in phoenix with the latest. >> something happened.publican party. >> in his first rally sized speech since decisively winning the 2024 election, president elect donald trump touted the gop's winning streak while addressing supporters in arizona. >> not only did we reclaim the white house, we also took back the us senate and we won the largest popular vote majority for house republicans in a presidential year since 1928. that's a pretty good thing. >> trump's remarks, coming one day after president joe biden is still at work in the oval office, signed a government funding bill saturday. biden saying in a statement, quote, this agreement represents a compromise which means neither side got erything it wanted, but it rejects the accelerated pathway to a taxut for billionaires that republicans sought, and it ensures the government can continue to operate at full capacity. on capitol hill, democrats marked the moment by urging for increased bipartisanship heading into 2025. >> we have differences of opinion, but the issue is our humanity a

edward lawrence from fox business. you say we're closer to the neutral rate. what percent do you see and the committee believes, where is that neutral rate? >> so, i'll say a couple of things. first of all, the thing we write down in the economic projections is the longer run neutral rate which is the neutral rate at a time when supply and demand are in balance, the full economy is in balance, no shocks are hitting the economy. that's not where we are right now. so when we're making monetary policy at the fed, that's not the question we're asking. you can't do a straight read between those longer run numbers that we write down and what we think the appropriate mollcy should be. so basically, at any given time, various shocks are hitting the economy. what we're doing in real time is we're looking at our policy stance and the way it's hitting the economy and particularly we look at the effects it's having as we try to move the economy toward maximum employment and price stability. and the answer can be, there are things that affect the economy that are lasting b

. >> or edward lawrence in phoenix, arizona. edward, thanks.something happen also in the election all 50 shades shifted toward the republican party put every single one of them. and together we won the largest share of african-american voters of any republican and modern history. actually in history. one more hispanic american votes than any republican ever. we've got the highest share of youth vote in any republican ever before in history. jon: press electronic touting his popularity with young voters among others today at that turning point usa events. the group was key and outreach to youth voters. during a campaign was trump vowed to change the economy a top issue for graduates entering the job market. let's bring in dr. lauren wright prince and university political scientist britt all right you are around young people in your day-to-day job. has donald trump change the equation? >> maybe it's a prince and that's a little bit different. only about 11% of the undergraduates identify conservative. there's all kinds of schools all over the cou

but the trump rally is on, donald trump being there meant a lot to the folks there and doesn't edward lawrence know it. >> reporter: the second time donald trump rang the stock exchange bill. for this term the president more focused and starting his agenda before he gets into office. in the crowd on the floor of the stock exchange, huge names in the industry including james frazier, bill ackman, donald trump telling the crowd he wants to make america business friendly through incentives. >> we will create the incentive theory again. i announced yesterday, anybody investing a billion dollars or more gets a very expedited approval process, tremendous incentive like no other country has. we are going to cut them substantially, down to 20 one%, now we are getting them down to 15 but only if you make your product here. otherwise you pay 20 one. it is in the middle of the pack but 15 brings you lower. >> reporter: the incentive of a lower tax rate presenting companies to move manufacturing back to the united states. the goal to reduce regulations is flying the ic relationship with business leaders.

edward lawrence at the white house, consensusbuilding of another quarter point cut but that could be it for a while. >> the worst kept secret in washington dc that the federal reserve will cut that 25 basis points. we are watching the tone of the news conference, jay powell might offer clues as to how aggressively the fed will get interest rates down to where they want to be so we will get economic projections along with the fed statement of those projections showed in september four rate cuts from 2,025 and it has cut back to 3, because the inflation data we've seen the past few months, overall inflation is taking slightly up for inflation gauges and the fed looks at, core inflation is moving sideways at 3.3% and that's the stickier inflation. >> when you look at the resiliency of the us economy, inflation is a little stickier than the fed had hoped for. we expect a little more of a hawkish tilt today. >> to see what's good for the economy might be two things, the markets love cheaper money. strong jobs reports might require the end destination for those rates be higher but that is

fox business live, edward lawrence, yours.

edward lawrence joins me now. did that have to do with trump's tariff threat against canada?yes it did in part and the former deputy prime minister wanted to to handle a tariff war with the united states. the prime minister, justin trudeau wanted to use the extra money in the canadian budget to send out stimulus checks in canadian election year. he asked her to take another position in the cabinet. she is the one who no go she aided the us mca, an agreement donald trump praised at the time. >> the largest, fairest, most balanced trade agreement ever achieved. there's never been anything like it. >> reporter: five years later, the president-elect says her behavior was totally toxic and not conducive to making deals which are good for the very unhappy citizens of canada. lawmakers are prepared to announce $1 billion security package aimed at avoiding the 20% tariff, see if that package will work. donald trump believes tariffs are the key to getting other countries to fix issues like open borders and the key to making america rich again. >> tariffs which we will do and be recipr

edward lawrence following that at the white house. >> that was a big part of this increase. the white house trying to rewrite history. the white house economic advisor saying, quote, for four months in a row inflation has been close to the level before the pandemic but the fact is year-over-year inflation is 2.7% and inching up. february 2020 before the country locked down inflation was 2.3% in economic terms, one. 4% of% the month president biden took office. president biden trying to stoke fear about the change americans voted for. >> president biden: seems opposed to steep universal tariffs on all goods brought into this country on a mistaken belief that foreign countries will bear the cost of those tariffs. i believe this approach is a major mistake. >> reporter: republican supporters say there's a track record here. >> if they were so catastrophic for the american consumer, why has he done nothing about them? because everything we heard is completely wrong. the tariffs did not cause runaway inflation, it was biden's overspending. >> reporter: a stunning admission about

edward lawrence joining us. r inflation and for the markets. >> reporter: yeah, and what it means today, at least the tantrum today seems to be subsided. still, the word of the day is uncertainty. the fed chairman saying he's seeing inflation i moving down to the 2% target. the fed forecast to reach their goal at the end of 2027. still, inflation ticked up over the last two the reports and the chairman adding it's not a time to panic. the fed added language to its statement saying that in deciding the timing and extent of rate a cuts, the committee will look at incoming data, and here's the explanation. >> we're at or near a level that will make it appropriate to slow the pace of adjustment. so that's what we mean by that. we're not trying to make decisions about the longer run, you know? we are trying to make sensible policy as we go and, you know, i just would emphasize the uncertainty which is, it's just a function of the fact that we expect significant policy changes. >> reporter: so as we come into those cha

arthel: edward lawrence of fox business is live at the phoenix convention center.o, ed, what are we expecting? >> reporter: yeah, arthel, we expect to hear a lot more about the border. in fact, tom homan is on stage right now. we're going to have one mr. speaker and then president-elect trump will come out. there are 14,000 people in this room. this is the first time president-elect trump will be back in arizona since he won the electionful one of his two major priorities day one in office is to secure the southern border as well as stop the flow of illegal immigrants coming into this one. -- this country. here's the president-elect from earlier this month. listen. >> immediately restore the sovereign borders of the united states and stop illegal immigration which is costing us, i believe, trillions of dollars a year. i think it's a cost that nobody's ever seen anything like it. >> reporter: the president-elect lost this state to president biden in 2020 and took it back this year. the conference well attended with supporters lining up, wrapping around the conventio

edward lawrence is live from the white house and can explain more what's going on. od morning, edward. >> good morning. the now former deputy prime minister freeland wanted to cash up to deal with a coming trade war that she believes could happen with the united states. she did not want to back down immediately to president-elect donald trump. the president justin trudeau wants to use the extra money in their budget for stimulus checks in this canadian election year. he asked her to take another position in the cabinet and she resigned. interesting because she is the one who negotiated the u.s. mca in the first trump administration, an agreement that president-elect praised at the time. >> usmca is the largest, fairest, most balanced and modern trade agreement ever achieved. >> now he said her behavior was toxic and not conducive for making deals with the unhappy citizens of canada and won't be missed. she agrees with the president-elect because people are dying from fentanyl on both sides of the border and hopefully tariff war can be avoided. >> we'll know for sure

so let's get checked in with edward lawrence at the white house this morning. >> not just the traders on wall street. business executives are excited about the push to eliminate these regulations that they see levied by the biden administration as well as the goal to grow the economy together. now president-elect donald trump comes into office in january with a clear set of goals that he wants to accomplish quickly. it includes extending the expiring tax cuts as well as cutting taxes on tips, overtime and social security. wants to lower corporate tax rate to 15% but only for the companies making products in the united states and firms have started to move production. >> it really is a very, very big positive for business. honestly, there is a lot of issues with china in addition to the tariffs. you have know, since xi has taken over it is not as friendly an environment to work in as it once was. we've had terrific supply chain disruptions. >> so even as businesses with a chile relationship with the incoming president start warming up meta donated $1 million to t

maria: very good point edward lawrence more on november jobs' report edward. >> the labor force participation hiring trend but numbers like this, in this report will not change the mind of federal reserve members image, i spoke to san franciscoing federal reserve president mary daly looking forward to this report this report 227 jobs hotter than they wanted but deployment rate at 4.2% key in on that in line, with the fed's agreement of full employment for this economy, it will likely keep, on the course that they are on likely see a rate tax cut in december. >> rate cut is expected 25 base points i debit know how many more rate cuts we can see if economy getting better am friedo walk us through what you are seeing in terms of where jobs are right now? >> yeah, absolutely, one thing i do want to do is quickly jump on this idea that senator thune has proposed. of them we did not really understand that a lot of things on the border can be done with executive order trump can reverse biden did on executive orders we learned first time around hit healthcare, we have to take this up because small bu

edward lawrence will join us at the white house.been saying we have a trump rally on our hands but the trump bump goes beyond wall street. >> reporter: business executives excited about the push to eliminate onerous regulations and the goal to grow the economy together, donald trump coming into january with a specific set of goals including extending the trump tax cuts, cutting taxes on tips, he wants to lower the corporate tax rate to 15% but only for companies making product in the us, they have already started to move production ahead of that. >> it is a big positive and there is a lot of issues since she has taken over. it is not it is not as friendly and environment, terrific supply-chain disruptions. >> reporter: businesses with a chilly relationship warming up. meta-apps spoke sense and confirming that i donated one million dollars to the inauguration for donald trump and this comes a few weeks after mark zuckerberg had dinner and a meeting at mar-a-lago with the president-elect. he and others sensed his laser focus. >> when

edward lawrence had a chance to sit down with mary daily on all these cross currents, not a sure thing president mary daily. tell me about the shape of the economy. >> the economy is in a good place, solid labor market, good growth and inflation. >> if it is in a good place. the rate cut is off the table. >> in order to keep the economy in a good place, it would be in december or sometime later, to debate and discuss in the next meeting but the point is we have to keep policy moving down to accommodate the economy because we want a durable expansion with low inflation. >> markets are shifting toward a rate cut in december. what are you thinking? december, january? >> we need an open mind. there is information to gather, labor market report on friday and opportunity to talk to our contacts to assess the economy. a lot of on the groundwork talking to businesses, more data to collect before we can shape the forecast for next year. that's what a data dependent fed looks like. >> when you look at core inflation moving sideways around 3%. >> it depends on the data points, the fundamentals af

edward lawrence joining me now, he spoke to the acting labor secretary, she was pleased with those numbersg we are back to normal, where we should be. if you look at a little surprised to the upside, the biden administration has now created 7 million jobs after adding back the jobs lost in the pandemic. the numbers we focus in on are the revisions. for the first time in a long time the revisions were revised up. if you look at september and october revised up a total of 56,000 jobs and look where the jobs are, the government jobs in this list created 33,000 jobs meeting over the past month government sector created 34,700 jobs per month, many are concerned about sustainability. it rose 22,000 jobs mainly because the strikes ended. last time manufacturing created that many jobs was a year ago november 2023. it can't reverse the trend of the past three months, manufacturing lost a total of 38,000 jobs when added up over three months. >> the picture of manufacturing is what we've been saying, investments in manufacturing have been historic. the reality is you can't just start manufacturing, y

eric: edward lawrence at the site of the rally in phoenix, thank you. arthel? arthel: eric, thank you. president-elect trump won't take office for another month, but the department of government efficiency, it's already creating waves on capitol hill. co-leader elon musk helped force the house to trim hundreds of pages of of so-called pork from its stopgap spending bill friday to narrowly avert a government shutdown. today mr. trump told young conservatives in arizona that was just a taste of what's coming. >> -- has done an amazing job. isn't it nice if to have smart people that we can rely on? we're going to bring transparency and accountability back to to our government, and very soon you're going to see it, drain the swamp. we're going to be draining that swamp at levels never seen before. [applause] arthel: all right. new york republican congressman nick langworthy is a member of the doge caucus and sits on the house oversight committee. congressman, we'll get to specifics on elon musk in a moment, but let's talk about this: congress trimmed down the bill

edward lawrence joins us from the white house. all right, edward, what are we going to hear?hopes to rewrite what people felt over the last four years about his economy going forward. now, the white house has just opened up a new web site. they just started that this morning to say what the president's going to say in his speech at the brookings institute where he's going to highlight the fact that they've had the lowest unemployment rate in average over the the last four years. he will highlight record highs by the dow, something he's not done much. the president will also say he was able to get inflation down from its peak of 9.1%. >> over the last four years, the president has rejected trickle down economics and written a new economic playbook that the builds the economy from the middle out and bottom up, not the top down. >> reporter: what the president not say is that his policies sparked that inflation. also under the biden administration, prices increased more in recent history, up about 20 over the past four years. president-elect trump won on the things president bid

from fox business edward lawrence is watching this. is a quarter point and is it a done deal? >> it is most likely. 98% the markets believe it will be a quarter percentage point for an interest rate cut today. the dow is up right now. doesn't change the fact the dow closed down for nine straight days. the longest stretch in about 50 years. so this could be what the markets see a cut today and maybe a few pauses in the first part of 2025. listen to this. >> i expect them to cut 25. this will be the last cut for a while. the numbers aren't going in the right direction on inflation. we've stalled out in decreases. we aren't going down. some of the numbers are coming high. we haven't stamped out inflation. >> bill: inflation trending up the past two months and core inflation without food and energy prices moving sideways. the sticky inflation. the markets look eight months out and gauging if the federal reserve will maybe not cut as much on the interest rates as first thought. earlier this month i spoke with the federal reserve president from san francisco, mary daley. a voting me

. >> edward lawrence is live in phoenix at america fest with the latest, ed?dissented inside the convention center for their thousands more outsidemine because the phoenix fire marshal determined the facility was at capacity we heard inside during the speech present like donald trump said he will end awoke to us. he wilr l cite executiveon orden day one declaring just two genders in the united states but he will put panama on notice to lower fees owing through the canal or give it back to the u.s. and he addressed democrat concerns over elon musk, listen. >> no, he's not going to be president, that i can tell you. i am saved, do you know why? he can't be he was not born in. this country. >> on the border present likech trump said he will designate thr cartels as a terrorist organization impose sanctions and could freeze assets. the incoming borders are tells me he will find three in thousand missing children illegally brought to u.s the u.. under president biden, run the mass deportation and secure the border. >> how concerned are you someone has already come

welcome everyone i am edward lawrence this is a "fox news live."et's get right to stephanie bennett with the latest on this attack. what's going on? >> at last check at least five people have been killed. more than 200 others are injured authorities say 41 of those art seriously injured. the cities and mayor said they will be holding a memorial service later tonight to honor the victims and a suspect is in custody. take a look at some of this footage from last night. the attack happened about 100 miles west of berlin. just a five days before christmas the market was packed of people spending their friday night with family and friends, shopping and eating. witnesses say around 7:00 p.m. local time a rented black bmw drove it high-speed plug to the ground as a precaution of the christmas markets in many around the world. up to their security include new york city. markets have added things like 20% security steel concrete barriers just as precautions for local reports say the market will not reopen this year the prime minister said quote we will fly

fox business correspondent edward lawrence with more on that. what did you find out?strike looms which could overshadow the inauguration and the president-elect donald trump posting on truth social saying that he denounces automation basically and that's the main sticking point in the contract. the amount of the money saved is nowhere near the distress, hurt and harm it causes for american workers. our longshoremen. a sores telling fox business the group representing the company was aware of the meeting the president had with the long shoreman and plans to meet the trump transition team soon. he called the group saying they need to make the best deal possible with no americans out of work. an official statement from the group says they want to protect all good american paying jobs adding this contract goes beyond our ports. it is about supporting american consumers and giving american businesses access to the global marketplace from farmers to manufacturers to small businesses and innovative start-ups looking for new markets to sell products. the group says they must

edward lawrence is joining us now.gea rate cut, but but the important thing is going to be the what powell says at the news coerence, right? >> reporter: exactly right, and the tone. looking for clues if there will be an extended pause maybe in the first part of next year. it doesn't change the fact that the dow has now closed for the ninth straight day in a row, closed down, the lost -- longest stretch in about 50 years, and this could be why we see the markets in a mixed fashion. listen to this. >> i expect them to account cut 25, but this'll be the last cut for a while. the numbers aren't going in the right direction on inflation. we've stalled out in decreases. in fact, some of the numbers are coming in hot. so we haven't stamped out inflation. >> reporter: and overall, inflation trending up over the past two months, and core inflation moving sideways the last three months, 3.3%. the markets look eight months out, and we're now gaining that the federal reserve are will not cut as much as thought. i spoke with mary

over the weekend donald trump made the great return to the world stage, edward lawrence joins us, howeived? >> one word with respect we saw when he was greeted in france in the respect of a stronger u.s. leader and when president-elect donald trump met emmanuel macron the french president there was a full honors garden around the republican guard, the greeting usually includes a full uniform or sitting u.s. presidents. they were there to reopen notre dame. >> at the biden here's administration has showed us one thing, that is weakness breeds aggression especially as it pertains to foreign policy, the world is on fire right now it inaugurates a day cannot come soon enough for president trump. i think you are already seeing world leaders take a step back on there is a new sheriff in town and we need to act differently. >> at one point when talking about the war in ukraine they tried lateral meeting with ukrainian president zelenskyy. over the weekend president trump told nbc news they can expect the state from the u.s. president trump also sees russia as a weakened state adding the peac

edward lawrence, how convenient. >> reporter: indeed. she's saying the quiet part out loud, stu.on in spending into law. that is more than the haas administration came n second only to the last administration which needed the money to combat covid spending. so now we hear this, listen to this. >> i am concerned about fiscal sustainability, is and i am sorry that we haven't made more progress. >> reporter: so under the biden administration, total debt by the public increased by almost $8.5 trillion, an increase of more than 30% while they were in office due in part to runaway spending. some federal reserve members pointed today that spending as pushing inflation. americans saw inflation rise, the biden administration started spending taxpayer money sort of coincided with the two long before the invasion of russia into ukraine. last march the treasury secretary admitted she also got it wrong on inflation. >> so in 2021, though, you did say that inflation was transitory to. do you regret asawing that now? >> -- saying that now? >> i regret saying it was transfour. it has come down,

edward lawrence spoke with daily on the impact of president-elect trump's tariff threats on chai chineseoods. here's what she said. >> what would a 10% tariff on chinese goods do to the economy. >> it depends on what's tariffed, how it is, does it have firms in the u.s., adjusted, what are the other players in the global economy who might substitute their goods for goods that come in from other countries. we had trade issues and tariffs before and the economy adjust. i'd doesn't usually derail growth. right now we don't have a tariff plan. we don't deal in hypotheticals. the president-elect hasn't come into office yet. it's the right thing to give him and his team a chance to put policies forward before we react. maria: that was practical speaking. the debt ceiling could overcomplicated the fed's balance sheet runoff. the treasury will reinstate the limb met on january 2nd. there's a lot to take on. >> maria, the fed doesn't want to be backed into a c corner. i think they were backed into the corner when they said we would have six cuts coming out of the gate and the data was not spa tsu

fox business' edward lawrence pressed chairman powell yesterday on the fed's neutral interest rate rightis. >> the markets would like to see a little more clarity about the year out, 18 months out as to where the goal post for lack of a better term is. at the moment it looks big. >> there are countless models of what a neutral rate might be at any given time. there are empirical models, theoretical models and there's things that combine them and there's as many different answers as you'd like. there's no real certainty. it's actually a good thing to know that we don't know exactly where it is. you just have to be open to the empirical data that are coming in. maria: thomas, some people would like him to just stop talking and stop making promises to the market because the market has all these expectations to be honest with you but i want to know what's most important to you right now, thomas. what are you going to be focused on in the next six to eight months to get a better assessment of where we are? >> well, i think number one, we have to -- where is the economy going as it continues t

. >> dana: fox business's edward lawrence is keeping score. what did you hear and what do you know? >> the word of day is uncertainty. we don't know if the government will be shut down or the direction of the economy. on the verge of a spending agreement on capitol hill president-elect donald trump voiced concerns after part of the doge duo said the bill is full of democratic pork. now in a post on x musk said this. the bill should not pass. a new bill that isn't an insane crime against the american people should be done in 33 days. now president-elect donald trump has added on truth social any republican voting for this bill should be primaried. members of the house doge committee are applauding. >> tremendous interest in breaking this addiction to spending, overspending and efficiency. hopefully doge can have an intervention with this town and break that cycle. >> the white house press secretary saying in a statement republicans need to stop playing politics with this bipartisan agreement or they will hurt hard working americans and create instability across the country. on the ec

the great interview that edward lawrence did with san francisco fed mary ceally who is going to be the -- mary daly about maybe a rate cut in december and maybe not. i wonder if this market's recalibrating sort of what they're thinking for the end of the year. brian: well, we've got jobs data coming week. it's a big deal. what does that mean for your favorite subject, fed. we will watch that. jackie: and we're watching technology, obviously. taylor: yeah. brian: although we're not using chatgpt -- jackie: not. i'm talking about a.i. brian: in fact, charles payne who was here then is there now. we're going to go to him. charles: the major of tv. and that's without a.i. good afternoon, i'm charles payne, this is "making money." breaking right now, don't let today fool you, right in this has been has been an unappreciated rally for a long time. i'm going to break down just how amazing this rally is and, of course, that means the naysayers are circling saying it cannot continue. meanwhile, the federal reserve, they're trying to combat inflation and and now they're comparing to it an mma fi