last friday's fed reading. — right now. last friday's fed reading, presumably - right now.'s fed reading, presumably kind i right now. last friday's fed| reading, presumably kind of supported your view. how important is this coming friday's jobs report going to be? friday's “obs report going to be? , ., , friday's “obs report going to be? , , be? very. if the 'ob reporters weakerl be? very. if the 'ob reporters weaker i think _ be? very. if the job reporters weaker i think the _ be? very. if the job reporters weaker i think the two - be? very. if the job reporters i weaker i think the two mandates the fed is looking at is controlling inflation and making sure we have good productivity and employment is good, and if the economy continues to weaken which we are seeing a little bit of signs of that in the us, i think the fed has more impetus to lower rates so they don't cause a recession by keeping rates too restrictive. i think the consensus is interest rates are ok where they are at, but i don't think so i think we need the housing market to move better with supply and deman

look, the fed, as you just mentioned, is widely expected to cut interest rates next week. - mm-hmm. - you have said that you don't believe that a cut before the election is justified. - i changed my mind on that actually, margaret. - okay. - like i did in july, i believed that. but then there's been a whole bunch of bad data coming out and i think that a prudent fed would start to risk manage by cutting rates now. and it's unfortunate that it's before an election because of the appearance of partisanship. but if you're a data-driven fed, then the idea that you would move didn't seem very plausible in july, but then the data started to surprise on the downside and that's, you know, roiled markets and so on. but yeah, for sure, i think the fed is going to cut rates and- - and you think that that would be appropriate? - and i think that now it's appropriate. - when you talk about the fed with the former president, i know that he has lamented, you have said that he has lamented the appearance of partisanship and politicization of the fed. if you were in a position in the federal reserve,

if the feds increased it earlier. it would have come down earlier so they would have done better on christian's measure and you still would have had the high inflation. the real concern that the price change that the public is angry about you need or policies to smooth that out. that is a simplistic approach. and it has policy makers thinking about carefully. >> brian? >> nothing to add. stepping back for a second, i think it's great we have these framework reviews. we have the framework being more constitutional and they would take the view of what went right or wrong in implementing it. i think it's a good thing to review every five-years. that is an ideal situation. >> and christian you brought up a couple of issues i thought were important about things being biased more on the upside of inflation. we're in an environment and all of you can comment on this as well. i will give it to you first christian an uncertain environment that has been a theme of all of our discussions and given the uncertainty we have heard i

the american public in terms of monetary policy and things that the fed does. those decisions are based entirely on the technical merits of the decision. they are based on data. they are not based ever on political consideration. the fed's and a political organization that makes technical decision to achieve the dual mandate. that is very clear to me. independence is very important. it tends to come along with inflation expectations over the long-term. that is credibility. the activity with the output when you have inflation, you could do a better job of going through the business cycle. it so important to keep inflation expectations. there's a long academic literature. countries tend to deliver a better economic outcome, higher growth, higher employment levels, in previous incarnations of my professional life i have helped a lot of countries manage economic crisis. i worked at a firm that invested across a lot of countries. the countries that have had central-bank independence delivered more stable inflation and higher, stable growth. that is what i think abou

of course, back then, inflation was below the fed's target. they also seemed to target things that did not go directly into the cpi. these tariffs come, scott, at a time when inflation is higher, when inflation expectations have begun to go up, when the fed is not at its target. and of course these tariffs are much broader and actually much higher in terms of who and what they are affecting. so the general consensus is that prices will go up. the only debate in the economic community is whether or not there is a one time shift in the price level, or whether we would be off to the races again with inflation. the president, of course, entitled to his point of view, the economics community leaning heavily against that point of view. >> it's a backdrop to steve that already presents itself as a slowing economy. you had more evidence of that today within that ism read, which wasn't great. obviously, the atlanta fed taking their first quarter gdp now real time number even lower than they just had last week, going down by more than two 2%. so that wo

i stocks forward and in my - - i think the fed moves opinion i think the fed moves more — opinion ie meaning they're going to lower rates— more meaning they're going to lower rates more _ more meaning they're going to lower rates more - what - more meaning they're going tol lower rates more - what was so far. predicted so far. interesting because some _ predicted so far. interesting because some americans i predicted so far. interesting i because some americans have voicing their anger about prices persistently high prices despite donald pledged despite donald trump's pledged to bring those prices down. do think listening to that w inflation w start help that inflation might start help donald trump in that sense before the next midterms. the before the nest neidterrnse' recent data out of the us things are moving in the right is behind direction and what is behind the or optimism and we could see the perhapswe'could see the rates federal reserve cut rates sooner than previously =—w-e wall street was :-= until september and now looking until september and now some saying you could se

louis fed to this conversation.one thing that the minutes talked about two weeks ago, they talked about this broad consensus that we need a monetary policy framework that is robust to different economic regimes and other previous framework was structured around a particular regime. write about the ultimate symmetry which is zero found interest rates. this consensus that we need a more robust kind of framework going forward. as you said, observed, i like to think in terms of scenarios and policy. you know, i think that that is a good thing. >> thank you very much. >> just perhaps some final words i know what the scholars you had a couple of sentences, a phrase that you learned during your time at the new york fed. perhaps you could share with us. we have a lot of younger economists here and i think it is always important to have a perspective on what is ideal to deal. i really like the sentence. >> when i was at the new york fed i learned from a very fantastic colleague who was and continues to be, he is not there an

i worry, like you had in introduction, that we have a reactionary fed, so the fed is not going to behead of this anytime soon. i hope it understands it, but it will not be getting ahead of any time soon, so the risk is that monetary policy continues to amplify volatility rather than acting as an anchor of stability. lisa: can you give us a sense of the trajectory of your belief that the economy can withstand all of this in the united states? ashley has progressed -- i realize it is the beginning of march -- but how much more worried are you now then two weeks ago about a real calling into question of american exceptionalism and a real ruling over of the u.s. economy? mohamed: i've been worried for a while. i put out an "ft" op-ed february 14 saying, be careful, slowly we may see the erosion of u.s. exceptionalism. that is bad news, not just for the u.s.. i been worried for a while. i have seen three element that make me worried. one is the way business is reacting to all these policy changes, which increasingly is wait and see. we think it will be fine, but let's wait and see. second

it's not with the fed but about the fed as we project what they will do. in terms of the cbo's last weekk was the 50th anniversary in being appointed as the first director. and so the start of cbo. there's a lot of ways we operate like alice set it up. do not put an analysis and on opinion you can see this in december of last year. every two years we put out of budget options print option to reduce the budget deficit. it's a wide variety of policy options and spending. there is a means testing, some of the benefits from the administration that the veterans with very high income would have lower benefits. we are doing this because were trying to be comprehensive. that does not mean we are telling congress you should do this or we expect you to do this. we are just trying to be comprehensive. maintain independence. some legislation with the legislation in general from the in the processgeneral from the can be somewhat volatile. maybe a little chaotic. doing the analysis, coming up with the scoring et cetera. at least to me it looks like you guys seem to do a

fed policy is still somewhat restrictive and the fed would like to normalize it if they can get comfortable enough but no big drops in short term interest rates, long term interest rates. the ten year treasury is the benchmark yield there. it's trading around 4.34.4 today percent. we think that's about right. that tends to be fair fairly valued when it reflects both long term growth prospects and long term inflation prospects. long term growth prospects for the u.s. are just under 2%. we think inflation won't be the fed's target of two but maybe 2.5%. so at 4.5% we consider that fairly valued. the problem is and the risk that we see to higher interest rates is that even though that might be the forward looking appropriate valuation market participants tend to look backward. in fact they look and the line you see represented here is blue line is the ten year yield green line is a four year moving average of growth plus inflation. we've come out of a very high inflation environment and also pretty pretty good growth environment over the last four years that says that the risk here is to the t

quo, and keep all the rules and regulations on the banks absorb this job himself, as chairman of the fed also there is a committee in place, to oversee bank supervision but michael barr was the guy liz so far we do not have a replace continent does jay powell want to keep status quo nor odds from doge federal government cutting staff. liz: first of all. i would say this, one of the reasons that inflation went through the roof under joe biden, was because from spending went out of control. and as those trillion dollars were al indicated by congress motivated by president jay powell was mute never said anything, about the fiscal said of balance sheet raised interest rates to bring, inflation under control but my view is he has been a terrible federal reserve chairman nowo never weighed in on that why now want to basically reverse expectations, expectations are that the regulatory climate will become more-favorable for financial institutions and banks, because it has been stultifying, i don't know why jay powell would want to take this on himself extremely strange to me. maria: the key here

going to be the thing called the fed put and face it, every fed chair had it and jay powell also many think he's got a helicopter and last year when the market reversed and a lot of folks gave jay powell the credit and put in this case the powell put and speculation going for the existence of the trump put. i would note of course thinking about that time period and tariff years and around then and also the market had a similar reaction that we're seeing right now where it became a little bit wobbly and that's that red circle right there and i can tell you if you sold at that point and obviously very disappointed and understand understand where we are today and the rally stalled and kept going on and bring in chief market strategist. this is the goldman sachs panic index and it's crazy and the whole lot of panic and we've been spiking here since last summer with the market very narrow going for the seven stocks and high volatile situations. charles: you get wokly. wobbly. >> yes, they're great but look at it and that's what's causing this and the fact of the matt service connected to y

don't poke the feds, fam. just don't do it. man: blago, can i get your autograph?verdict today, in a notorious case that federal prosecutors did not want to hear, rod blagojevich was convicted today on only one count. -see you guys! -man: way to go, baby! tapper: the jury was hung on all but one of the charges against blagojevich, and without unanimous consent, the result was a mistrial on the remaining 23 charges. the jury, like a lot of people to this day, just could not agree on whether what he'd done was actually illegal. in that first trial, the jury deadlocked on everything except for lying to the fbi. -right. you were convicted of lying to the fbi. -right. -do you acknowledge that you lied to the fbi? -no. no. i don't. i'll tell you about that. it was about how much of your associates that were fund-raising for you, the degree to which you knew what you were doing. yeah, it was-- the issue was i said, i didn't, as a practice, track fund-raising. and who got contracts? i didn't. i didn't look into who got contracts. i wasn't interested in that. i had 27,000 c

through honest, hard work they built homes, fed their families, and cultivated the strong communities we take pride in every day. when i want through the woods near my home in jasper -- i do it often -- think of these early pioneers who built our great state out of the wilderness. these hard-working hoosiers gazed upon the same forests when they established our territorial capital in 1800. gordon is our first state capital. our early settlers faced a crossroads. retreat -- the challenges this new land would bring. the vast contours of our state are an opportunity worth embracing. history reveals they listen to the voice of inner resolve that said a path not yet taken is a path to be pursued. [applause] >> these aims of our founders were not all that different from ours today. our great nation will soon observe 250 years of asperity. indiana will have been an integral piece for most of those years. from our hoosier veterans who fought the union in the civil war and stormed the beaches of normandy and world war ii to the everyday heroes who currently stand at the ready, hoosiers have al

more is going to be by but by investors and so get the supply will be a factor in so the new york fed'snch of good measures of the term premium and there are all important things upwards in recent quarters and overcast interesting question given those models will be very helpful pretty. >> and think you and i have just a couple of minutes left and i think there's question vote must let maya macguineas have the last part will giveer concerns about the pepper on. >> will okay did you plan to. [laughter] [laughter] >> no will sample yes my concern is much worse braided the numbers worse, and i think that after covid-19 where we responded in a way that we needed to until i think the last one think it was too large but they now a response to crises will be larger like we used to talk billions of the long-ago now talk trillions if you know talking trillions you know sir is a response every thing will be larger but the reason i'm really worried this goes back to the point banquo was making for my getting that used you to be about this it was the economic risk of the future ending of a risk tha

newsreel: 50 million | mouths had to be fed...ritain paid very heavily indeed for the support it received from the us in the second world war, but at least britain won its war. when i spoke to the bbc�*s russia editor, steve rosenberg, he was clear that the winner of the three—year war there was vladimir putin. john, i don't know if there's an equivalent expression in russian for "all his christmases have come at once", but that's basically what's happened for vladimir putin. as the months go past. but how are people reacting to the trump revolution? i spoke to the bbc�*s chief presenter in washington, caitriona perry. the softening of the position towards russia, that's not shared by the length and breadth of the republican party, and it's not shared by, i would say, the majority of the american population. as in many other countries, there's a lot of issues on the ground that voters are concerned about that are still very high up the agenda, like cost of living, fuel prices and so on. we've just heard the man who'll probably be

you don't have the fed either for that easy kind of a way to let the markets out. dean, always appreciate it. thanks for your thoughts today. >> thank you. >> dean mckee with point72. meantime, speaking of the markets, consumer discretionary is one of the worst performing sectors ahead of the potential tariffs tomorrow, piling more risk on top of the one two punch of sticky inflation and slowing spending. we just heard about now, home depot last week said its managed tariff risk through diversified sourcing. competitor lowe's, says it's monitoring the situation. stocks did decently well. my next guest says the supply chain will play a big role in determining who can weather this storm, but the pain will be shared across discretionary and retails. have retailers have less pricing power now than they did in 2019? chris horvers is jpmorgan's head of broad lines and hard lines. chris, a lot of people think retailers have more pricing power now because we have inflation now. we didn't have it then. welcome. >> yeah. you know, what we've seen over the consumer over the p

this supplied a fed said service attack, margie was thought ukraine's the 1st attempt to just from the gas supplies to the european countries. back in january, the key of regime deployed 9 aircraft type drones to attacked that same compressor station in the v across the region. now, russia's air defense intercepted oil, you avi's at that time as well. also the executed to get another terrorist attack last month against american and european interest in russia. but that's time. it was an oil refinery of the caspian platform consortium, also known as the cdc. now you create in jones, filled with mets all projectiles and explosives had faxed an oil refinery. the pumps, crewed from american and european companies, uh through context on, via kropotkin sky, uh, oil refinery, is actually well the most important hob for the transportation of world uh through the cdc hands and the shareholders. of the consortium includes the international companies where the united states ownership amounts to at least $24.00 and a quarter percent. and last year us companies control some 40 percent off for an oi

many people telling me that i mean, you can say we're here because we're fed up with them. we have nothing, everything was stolen. they the government stole billions. where is the money? no jobs. the pensions are very low. they cut the salaries. there are bigger taxes. nurses have been kicked out from hospitals. food is very expensive. we don't want to sell our country anymore. we have to love our country and kick those guys out. we want george ask you to be president. we want everyone to be happy and healthy. we are here for our freedom. and because the votes of 9000000 people were canceled because they have been deceiving us for decades, we want them to leave. we want to be with america, not europe, as our strategic partner. we don't know what to do that anymore. i was working all my life and they deceived me. we don't want them. we don't want more. ukraine is not to fight visible rebate. jesus, i'm here for my kids and the future. they left the country to work, but they came back because my future and the future is here in romania. they can't find true freedom in countri

i'm deep stability or the cause of stress, where we might witness a fed up potential subject military ex from tomorrow, was specifically that israel has repeatedly reiterated that they must a completely this month. so the military wing of how much of how much has accused them that they are seeking only to restore that captive with the potential of this you'll make the will back again on the territory of this has been the main concern and fear the palestinians have shut with us during the past few hours at the understand that is the my resume fights and you're getting garza with military moments. someone with the devastation to take place as right now, things have been quite left at a limbo as civilians believe that the situation, if it's not going to be contained by mid yates, has within a few remaining hours for the 1st phase of the situation will absolutely remain delicate and will be absolutely for tile, for potential resumption of full that will bring nothing but for the devastation and displacement for families will have gathered in order to get some sense of 1st pipe in the holy

you know, i think that, like, like everything else, they're they're they're the stuff gets fed into politics for sure. but most of my time is spent with actual kids who, you know, politics and their lives. it plays out differently. of course it affects it. but kids don't vote. they don't have a lot of power in the system generally. they don't have a lot of power. right. they they can't drive. they can't go places on their own. i'm not advocating for kids driving, by the way. that is not a policy position of mine. but if you're a kid, you can't spend money and, buy the books you want to read, write when you're a kid, you are constantly at the mercy of adults who are telling you what to do. and i think literature is one of the few places that kids and adults can meet on an equal level. and that's both the writer who's making books for kids who i think when we're really doing our job, we're on the kids level and we're talking about their experience and also the adult who's going to maybe use silly voices when they read a book out loud or also just get to have a real intellectual conversation ab

this creates a complication and further uncertainty for the fed. previously we expected the fed to decrease interest rates at least twice this year in all likelihood. that may be off the table. so that's significant. job losses could impact. but what's really problematic is all the uncertainty businesses will be facing. importers and exporters because of potential retaliation. and when you are confronted with an environment of uncertainty, what happens next? people tend to hesitate. they slow down their purchasing. so this could be a further drag. so not only will the tariffs be a drag on the overall economy, with people reducing spending with supply chain issues and job losses, not just in the federal government but those involved in trade? that will slow down. and then we go ahead and our partners will question what type of partner is the us in 2020? can't remember the exact date the usmca was signed into law by president trump in 20. in february of that year, and that this is his deal. it is his deal. and the us. he says he doesn't like the deal

proud of the fact that out of the abundance of the american farmers and the american people, we have fed hungry people around the world and helped helped stabilize conflict ridden countries for decades. >> i wouldn't ask you to speak for any republican lawmakers, but are they communicating that, you know, what we've seen in some of the moves the the trump administration, some of the early moves that they've made, republicans have conveyed privately to the trump administration, hey, this is, this isn't a good idea, whether it be a nominee or something else. are you aware of anything, you know, any of those kinds of conversations transpiring? >> yes. >> can you say more? >> no. but i will say this. look, the latest issue, the administration has laid off several 100,000 provisional employees. roughly 30% of the federal workforce are veterans because there's a very strong veterans preference, or at least that's what i read reported to there's a text chain going around now that there are a significant number of veterans who were laid off who were not in their first. -- who were not in their f

that is one thing that we do, it's not with the fed it's about the fed as we predict what they will do. the cbo last week it was of the 50th anniversary of the first director. and there was a lot of ways we operate like alice set it up. we don't put forward policy suggestion we provide analysis and not opinion. you can see this in december of last year so every two-years in december we put out a volume of budget options to reduce the budget deficit. it's a wide variety of policy options on revenues and outly outlayson spending. it's not something that congress is going to do. it's the means testing from the veterans association. veterans with high incomes would have in net lower benefits. and we're doing this because we're trying to be come prehen prehen -- comprehensive. we're not telling congress you should do this but we're trying to be comprehensive. and that is important for cbo and that is one of the important ways we maintain our independence. >> this year on the agenda probably some tax legislation and with legislation in from the outside looking in. the process may be a little

watch. >> i would expect quickly we will be down to the fed 2% target.ci response to that next. ♪ ♪ introducing the all-new sofi plus. america's most rewarding financial membership, all in one app. you get our highest apy on savings. plus a 1% match on recurring sofi invest® deposits. plus unlimited access to financial planners. plus, so much more. and now when you subscribe to sofi plus, you could win one of america's top ambitions. enter the power of plus sweepstakes today. sofi. get your money right. ♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. agents like secret agents? secret agents i control. with your mind? you know ... i played a secret agent once. - we know. - oh gosh ... i liked it. over here, ai gives tina th

the fed a lot of uncertainty about if or when we're going to get these fed cuts. how does that impact your business. and also how do you think it also impacts the attractiveness of your stock? a dividend is a big part of every utility company. >> yeah. in the earlier segment you had is that we're considered a staple. and we are focusing on affordability for our customers. so anytime you have a movement in interest rates or costs in general, it impacts the affordability of my customers. and i always take that first and foremost, because people need to be able to afford their energy. and we do a wonderful job at managing our costs. but anytime the federal government steps in and raises costs of borrowing money or anything else, it impacts the overall affordability of people to live. and i recognize that. so we're doing our part. and that's the first step for us. >> all right. kevin butler, ceo of exline. great to see you. thank you very much for coming on worldwide exchange. >> thanks for having me, frank. >> all right. still on deck here on worldwide exchange. j.p.

we have heard from fed president about his inflation framework. how do we tie this -- the level of rates? we don't specifically ask about the level of rates in the survey. it seems like combining what we heard from the president and the survey, this is probably more of a -- the rates stay where they are for longer versus raising rates. i don't think we can excessively say how those rates move based on the survey results. anything you are teasing out? sarah: we don't ask for point estimates but we do ask would you expect the fed to next start cutting interest rates. we saw a shift in the responses from 2025 from the first half to the second half of this year. there was a bit of a split in the back half of 2025 when we will deliver the next cut versus 2026. that is reflecting the change in inflation expectations. on the interest rate outlook, and it ties to a lot of the discussion we had today, they were interesting findings about monetary policy independence. federal reserve independence. one of the last questions we threw into the survey, since it

has fed zelenskyy in ukraine to the tune of $283 billion.ething i think missed by a lot of folks was this, the dispute played out dramatic explosive fashion here on "outnumbered" did not take place until 43 minutes into the meeting. what happen in the preceding 43 minutes? that is an important question. the politics did an analysis of this and looked at the transcript. if you read the transcript koji you find zelenskyy continually pledging the buttons of the u.s. delegation. he was bringing up security guarantee which president trump said we will not put in there as united states of america. then he contradicted president trump trying to correct him. then trump said, let's negotiate first is peace deal and we can talk about security. zelenskyy said, that will not work. the 43 minutes before was zelenskyy pushing the buttons of the united states. then it was zelenskyy who instigated it and took it to a new plateau when you look at j.d. vance, "tell me what you mean by diplomacy" in a rather hostile passion. that was his strategy and it did no

atlanta fed had g.d.p. model analyzed growth in the current quarter at minus 2.8% today. down from plus 2.3% last week. a month ago that model showed plus 4.0. we have seen those fluctuations before. but that, i think, added to the jitters on wall street. >> brit: that's a pretty striking fluctuation for the atlanta fed there, bret from. a plus 4 to a minus 2.8% that would rattle -- if i were heavily in the market, i would be rattled by that, too. not to mention that probably, to some extent, at least a reflection of the tariffs going into effect and the fear that it will stifle commerce among these three countries. and lead to a down quarter. so, the worry is understandable. but, of course, you know, probably get up tomorrow morning and there will be a huge rally. that's the way these things tend to happen. >> bret: you never know. brit, as always, thank you. >> brit: buy and hold. [laughter] >> bret: up next a wildfire burns through an area near myrtle beach, south carolina take you there for a report. first, beyond our borders tonight, police in germany say a driver ra

we should rope in things like the regional fed surveys. they look a lot more like the ism index than the s&p index. industrial production tends to move closer to the ism index. if i'm going to be indexing on one of them, i'm going to focus on today's ism numbers. as you mention, still a touch in expansionary territory but the details of today's report were pretty dismal. scarlet: whenever we talk about manufacturing surveys, they are soft data points. they kind of need to be confirmed by hard data later. wind we get the actual hard data? stuart: the next couple of months we will start to see the hard data, things like industrial out but, things like gdp, fixed investment, durable goods orders, start showing what we are seeing in the survey data. it will take just a little bit of time. before we get to that point, there are still a lot of factors getting incorporated into the data so there are a lot of factors at play, things like tariffs, hoarding in advance of tariffs being implemented. all of those will have ripple effects. the hoarding

the atlanta fed predicted a 2.8% decline in gdp after a 2% growth in the final quarter of year.ut at the end of march and that is one thing that set the market into this decline this afternoon and then the discussion of tariffs as well so keeping a close eye on that movement in the final minute. also we told you about the suspected ringleader of one of the biggest human trafficking operations in the united states arrested in los angeles. he is accused -- they are accused, the group of smuggling 20,000 migrants into the country from what amala. three other suspects also charged and one is still on the run accused of threatening to kill a federal agent and his children. >> he telephoned a member of the investigative team and threatened to kill that agent and his family members by cutting off their heads. >> martha: that was joseph mcnally, joining me now. thank you for being here. and thank you for the work that you guys are doing these terrible, terrible people off the streets. give us a sense of what this group was doing. what was happening to these people? >> thank you for havi

i worry about that. >> and the fact that the feds have not acted is but but this s their job to do thisvacy would legislation. there's no privacy or alvarez make transparency. in europe is doing it too much. by the way some is great but the fact they have a state-level institute impossible to run an impossible for these companies and bad for innovation capitalism. the government had to start to make these choices rather than either doing too much or giving away the bank which is what is happening now. >> this is a rare space for governors. usually we say we want more state authority. i think most governors here will say please preempt us. bigger outfits that only because we don't have 50 different regimes. >> go look at their tech they need senator klobuchar absolutely. >> governor. >> thank you. i have a question i think earlier this week the president spoke to us and i'm not sure i got it correctly what he said. 2018 or some year and that's what i'm searching for it. in the u.s. he was referring to the hhs secretary. one in 20,000 of our kids are autistic and now it's about one out of

so i would expect that quickly, we will be down to the fed's 2% target. i'm expecting inflation to continue dropping over the year. >> should we expect these tariffs to come march 4th? >> there's a series of tariffs. there's march 4th and then there are the big -- there's the big tariff program that's going to be outlined on april 2nd by commerce and ustr. that's the president's notion of reciprocal tariffs. that's going to be path dependent. we are going to show what are other countries' tariffs what are non-tariff barriers what are the currency manipulation, what's manipulation of financing or labor manipulation and what are these horrendous fines that the european union is putting on our tech companies? we are going to evaluate that and give them an opportunity to remedy that. so we could either see a r ratcheting up in tariffs. or if our trading partners want to remedy unfair trade, we could see it come off. >> that's europe in april mainly? >> that's across the world. >> okay. when you say the peterson institute is too alarmist with $1,200 a year on

. >> how consumers fed up with billionaires and big corporations are trying to flex their economic muscle. >>> plus, an unprecedented public blowup in the oval office, how peace talks with ukraine devolved into a shouting match. >> disrespectful to the country, this country. >> i have respect -- >> far more than a lot of people said they should have. >>> one of the bay area's biggest city pumping the brakes on a controversial parking law. one man says it needs to happen now. >> we can't always follow who yells the loudest. we need to look at what is really going to improve safety. >>> later, it is a silent film sanctuary in the bay area. we'll introduce you to the couple dedicating their lives to the era of hollywood before the talkies. >>> this is cbs news bay area with juliette goodrich. >> hi. i'm sara donchey in for jules today. >>> it's been over a month since president trump took office for his second term and in that time we've seen a lot of protests against his policies, but tonight a different sort of protest is taking place across the country. it is an economic blackout aimed at

. >> how consumers fed up with billionaires and big corporations are trying to flex their economic musclecedented public blowup in the oval office, how peace talks with ukraine devolved into a shouting match. >> disrespectful to the country, this country. >> i have respect -- >> far more than a lot of people said they should have. >>> one of the bay area's biggest ci

i watched people get fed right into the meat grinder now like the ukrainian war. america has to be firm around policy and react to what americans want. i didn't vote for putin. host: do you think americans want american troops in ukraine? caller: no, i don't think so. how does america do it? i don't know, it is very complicated. we have people on both sides that is the yen and yang of it. host: do you think americans want billions of dollars more in american money to ukraine? caller: i think that is a good price to pay. they are willing to fight the war and have their young men -- let's face it, both sides, there is russian men dying. it shouldn't be like that. i watched america's role in vietnam. i don't want it to be like that. that is for sure. i don't think americans like it either. everybody i'm talking to is really upset about this putin thing. he has given in way too quick. i had two uncles at the beach in normandy. trump's disdain for the military is just -- i don't know what to do. i think we should always strive for peace obviously. we couldn't do it in

the fed will get closer to their target quickly.he currency surging, brent crude around 3/10 of 1%. a strong rally in bitcoin. zelenskyy met leaders in london after clashing with the president and the little vice president and dramatic form. in the u.k. they are looking at a one-month truce and it is time for europe to step up. >> not every nation will contribute but that cannot mean we sit back. those willing will plan with real urgency, the u.k. will back this with boots on the ground and planes in the air. europe must do the heavy lifting. tom: joining me is ollie crook. what details do we have? ollie: no plan from europeans after friday, one of the most shocking things in a long time, the german foreign minister said a new era of barbarity and we need a new leader of the free world from europe. a coalition of the willing, potentially putting troops into ukraine, firing back is a cease fire is violated, the way ukraine would do that. what is in question was not just ukraine but whether the u.s. is backing nato. >> when it comes t

viral at a boxing gym for kids with an assist from the bay area's biggest basketball star, but now the fedsmoney went straight into the pocket of the man running the program. >>> later we'll introduce you to a 19-year-old in the south bay foregoing the traditional college route for a more hands-on career path. >> just preparing myself so i don't have to worry about my future later on. >>> this is cbs news bay area with juliette goodrich. >> good evening. >>> we begin tonight in oakland where federal prosecutors say a heart warming donation went right into the pockets of the man who was supposed to use it to help local kids. the former director of an oakland youth boxing program has pleaded not guilty to embezzling more than $100,000 meant to help out children in the community. howard solomon ran the east oakland boxing association. it provides boxing lessons, coaching, and mentorship to children. devin fehely with more on the allegations that he was pocketing money, including a donation connected to the

well, if you're fed up with high egg prices, you can take matters into your own hands. the oakland public library has just the class for you. they're hosting 2 events, teaching people how to raise backyard chickens this thursday and saturday, farmers from urban farm away says will be at the branches on your screen to get you started. and local food influencer, darien, frazier, perhaps best known as bay area foods is celebrating the soft opening of his new smashburger venture kron. 4 photo journalist malcolm jackson takes us inside high fever. >> what we're looking at right now. >> to get everything that we did need to see to it that stay open. we're still not soft open that we reduced training. pricing is higher. >> was for a beautiful love to support some like led bay area why not say we didn't want all other places so many years when why water away the attention of put your money, unity, >> well, that looks absolutely delicious. looks like a great spot to check out and i can't wait to like to have a grand opening soon. well, that's all we have for kron. 4 news at 11.

. >> people are really fed up with the crime, the break-ins and stuff, and people are getting away with it. >> but not everyone agrees. after the recent controversial removal of another commissioner to bring in a new one. >> board appointments and city board members should not be political folks because, you know, there's a degree of loyalty that people will have once they are appointed by a particular person. >> the mayor also swore in a new police commissioner, wilson leon. >> this is a great opportunity for all of us to make a difference. >> even though crime is trending down, according to sfpd data, the city averaged 41 robberies and 390 thefts a week in 2024. one of those victims are the owners of bay of burma restaurant in soma. >> within six months, we got like two armed robberies and a lot of harassment for from homeless individuals. >> kaye is feeling hopeful. >> everyone is looking forward to change. we have faced enough. >> in san francisco luz pena, abc seven news. >> it's the weekend. we want to know the weather. let's take a live look outside. it looks fabulous, but we bet

until if 230 is not going to fix it, the states are fed up of how congress will be. it will be a whole lot nicer to have uniformed code across the country instead of just protecting children in one state. >> senator klobochar: thank you, and with the airplane seat rule that i just brought up. we don't have that state by state. that would be difficult to have any results. mr. pizzuro, senator and i have this shield act which is important ahead of its time and take it down requires the platform to take it down immediately the non-consensual images but also make sure there are criminal liability for those that are posting it. could you talk about why that helps federal law enforcement? >> mr. pizzuro: sure, there are a lot of gaps. as an investigator, there are areas that i can't prosecute or facilitate things. if you go to rural areas where there is not a state positive, where there is not really good laws, you are going to need that federal law and that aspect. what shields does is it shields that legislative gap in order for us to do our jobs. >> senator klobachar: g

labor shortage a, we had all sorts of dislocations in the economy not to mention the fact that the feding $100 billion a month and rates were at zero. the macro backdrop today is very, very different. drill, baby, drill means lower energy prices. deregulation, fiscal spending actually being reined in. is so the backdrop very, very different. and then polling data suggests that 70% of americans who would receive a doge dividend check like this would actually use it the pay down debt of their own, much of which they took on just to keep their head above water during the biden-harris regime. and so if you pay down debt with a check like this, that's not if inflationary, that's actually deflationary. and so is i trust the american people. they sent this money to d.c. just a couple years ago. they're getting it back as a refund. the macro backdrop has changed, so i don't have the inflationary if concerns which i did have, by the way, back in 2021, and i called out the biden-harris administration then. that was reckless policy, this is sound policy, and and i'm honored that president trump s

so i think we can arrive even to pay $2.00 and $3.00, medium euros fed up, absent the data for you city to be in a middle sort of federal lab to bring the pay the same defeat, the purpose of frequent that when all, when i call multiple multiple very federal law. they 5 do you? you can produce quality preowned vehicle at green the, i don't know, i don't know, but the safety baby in the neighboring but notice chic area will lead to where there's a flat belonging to another ukraine. you know, i'm still getting id to calling of is one of the meanings, closest associates, he's also the colored manor of a dense ukraine's largest port. normally, the apartment's a big, you know, to detail manual 3 bedrooms in general. so it's normally $200.00 normally. and the it was big services and great tools because we are on the hugh and agency particular zone referral is united to fund all of this living in this area is, is i heard this about, i can say your exactly this is a, don't say a compiled by the attorney in special services on meaning and he's criminal gang the same getting id to kind of as much