they say they would no longer have the federal reserve board attempt to set monetary policy with the employment because they do not really think that people need jobs. they also say the federal reserve board would not have control over interest rates. this is something donald trump said he would like to have greater control over. this is the man who repeatedly has gone bankrupt. he wants to set the fiscal and economic policy of the united states. they also say the federal reserve board should not be the lender of last resort. that is the institution should no longer have the capability to bail out large businesses or institutions that are about to fail, and, again, all of those things are adding up to just catastrophic economic consequences where if anything goes wrong in the economy the fed is not there to right the ship or ward off the next recession or depression. >> now, obviously all of this is dependent on donald trump becoming president in 2024, but it is also having an effect on the markets. countries are moving away from u.s. dollar and the sanctions that are promised in pro

the federal reserve board meets here 8 times a year to decide the price of borrowing for american banks. when that price is high, thinks borrow from each other less. there are fewer loans going out to consumers and businesses and the economy cools when the front of rate is low, more people in businesses take out loans for everything from mortgages to car loans, to using their credit cards as economy. now it's the federal reserve job to find the right balance a to fully economy leads to layoffs and recession too hot. and you have soaring inflation. where is the u. s. economy on this scale at this moment, it is nearing a balance. so fragile the inflation rate is only a half point above what does that considers to be a healthy 2 percent and it is trending down words. the unemployment rate is at 4.2 percent. that's still good, but the trajectory is trending upwards, and that is bad. so the federal reserve board wants to settle on an interest rate that prevents further job losses, but still keeps the lid on inflation. that is likely to be announced to be a decrease of point 25 percent in the

so the federal reserve board wants to settle on an interest rate that prevents further job losses, but still keeps the lid on inflation. that is likely to be announced to be a decrease of point 25 percent in the interest rate. and that is what we will be watching for as the federal reserve needs to make this critical decision. heidi to castro alger 0 washington. and that is in use for now on al jazeera, more as always, on our website at ologist era dot com coming up next. it's the weather that inside story looks at the capabilities. so come us up to almost a year of war with his route to stay with us. thanks. want the hello, the weather is set fire once again, we're still struggling to lose the hates across the radium peninsula. a few shala's just around the southern end of the red. so your brisk wind blowing in here for the time being is a south west in palm society, shots of a shower, to hear west scenarios if you haven't. similarly, so here, even though hot type of just still getting up to around ca, celsius on wednesday, some of the value as we go on into the sky state, that's a 10

well, today, americans are hoping to hear some good news from the federal reserve board, which is expected to start cutting interest rates for the first time since 2020. >> it's expected to cut the federal rate by at least a quarter of a point, possibly a half point. this could help people who have credit card debt, new car loans and more. ktvu is amanda quintana will be here in about 15 minutes to tell us what the financial experts are saying. >> the murder trial against tech consultant nima momeni continues this morning in san francisco. he's charged with fatally stabbing bob lee, the founder of cash app, in april of last year. there's a pretrial hearing, and then jury selection follows. if convicted, he faces 26 years to life in prison. >> and the city of san francisco filing a new motion requesting that the san francisco bay oakland airport immediately removed the word san francisco bay from its name. that complaint argues that name is confusing for travelers. now, if the court allows the injunction, the east bay airport would have to remove the word san francisco bay until the lawsuit

but i should also say the 50 basis point cut the half of 1% of the federal reserve board is quite worried about the signs of weakening in the labor market. what we know about a recession is that sharply reduces revenues flowing into the government intends to produce higher deficits which will translate into higher debt. until the fed by moving as strongly as it did is trying to ward off excessive weakness in the labor market prevent that weakness from triggering ant recession. everybody hopes that they got it right. >> william in miami ohio democratic hot you are next. yes, thank you very much for taking the call. this is the old gum 89-year-old true hill. i have been a firm believer the national debt. >> william you're listening to your tv and getting confused can you commute the television? >> i can turn it off. >> there you go. ask your question. i'm an old dumb 89-year-old hillbilly. i am notte educated like these corrupt politicians. but the national debt i've said for years and years that cannot sustain this price started paying into socialin security wn i was 14. i paid into it and

term, but i should also say that the 50 basis point cut, one half of 1%, suggests that the federal reserve board is quite worried about the signs of weakening in the labor market. what we know about a recession, if it were to come, is that it sharply reduces revenues going into the government and tends to produce higher deficits, which will translate into higher debt. the fed, by moving as strongly as it did yesterday, is trying to ward off excessive weakness in the labor market and prevent that weakness from triggering a recession. everybody hopes that they got it right. host: william in ohio, democratic caller, your next for mr. galston. caller: greta, thank you for taking the call. this is the old 89-year-old true hillbilly. mr. galston, i have been a firm believer that the national debt -- host: william, you are listening to your tv and getting confused. can you mute that television? caller: i can turn it off. host: there you go. ask your question. caller: i am an old dumb 89-year-old hillbilly. i am not educated like these politicians. about the national debt, i have said for years and year

so the federal reserve board wants to settle on an interest rate that prevents further job losses, but still keeps the lid on inflation. that is likely to be announced to be a decrease of point 25 percent in the interest rate. and that is what we will be watching for as the federal reserve needs to make this critical decision. heidi to castro alger 0 washington. meanwhile, the side effects decision comes as by donald trump and come with ours present their economic plans as of november's election. like kind of reports on that. as cumberland harris continues what is billed as a new way forward to a she's facing one fundamental di. lemme. how to project itself as an agent of change, but presenting an economic pool that is largely based on the blueprint. some of the to president jo biden's policy as part of the agenda iris reduced by didn't suggested tech. some billing is from 40 to 28 percent, and i suggested new incentives for small businesses, including an 8 fold increase in scott's up subsidies. small businesses in our country, employee, half of all private sector workers, half of all

well, today the federal reserve board expected to cut interest rates for the first time in four years. ktvu is amanda quintana is in walnut creek right now to explain what we know about this meeting and what the experts expect to see. good morning. amanda >> good morning. well, cutting the interest rate should lead to lower borrowing costs for consumers and for businesses. but there's still a lot of questions and uncertainty about what's going to happen with this announcement today. like, how big will this rate cut be and how long will it take for the average person to feel some kind of difference from this? now, this could be good news for people looking to get a car loan, buy a home, finance a business, or who are carrying a balance on a credit card. now, as for the rate cut, some economists expect to see a larger than usual half point cut, which they believe is needed to ward off a looming recession. others believe it will be a quarter point cut, which is more typical. either way, the cut this week is expected to be just the first in a series of federal rate cuts in an attempt to h

the federal reserve board meets here 8 times a year to decide the price of borrowing for a.

delegation includes officials from the treasury and from the federal reserve board and will be led by treasury undersecretary. donald trump says he will revive a state and local tax deduction that he kept -- capped during his first term if he is reelected u.s. president. capping the salt reduction had a disproportionate impact with the regions of higher taxes and property values typically dominated by democrats. the democratic presidential nominee says that she wants to cap childcare costs for working families at 7% of their income. it is the first time harris has spoken publicly about the initiative as she seeks to assure voters a harris white house would address cost-of-living concerns. we continue to cover the unfolding u.s. election contest leading up to november. let's check in on the markets because the focus today front and center -- will there be adjustments certificate? the de prez signal 24 all the way to 20 37. let's put the boards. let's look at the asset classes, investors were largely sitting on the sidelines until we get clarity on that rate decision coming through this

the mpc equal to the federal reserve board. new board members joining the group. deliberations would be extended out to another quarter to december? remember, as far as markets are concerned, there is one brokerage which is calling for a rate cut in october. most brokerages are calling for either a rate cut in december or march before the year runs out. it remains to be seen. is he ruling out a rate cut in october? i think he is, but it's too hard to tell. of course, the new committee will only decide on what they want to do with rates in the first week of october. back to you. >> great work, tanvir. great time to hear from the governor when it is a busy time for monetary policy. for more from tanvir's interview with the governor and all of the latest news from the world's fifth largest economy, scan the qr code on your screen to subscribe to cnbc's newsletter. >>> let's look at the retail world. the chair of the committee calls for more scrutiny on the shein listing in london. it is upon the ministers to see the firm passes standards on lab a or rules. this is as

delegation includes officials from the treasury and the federal reserve board and to be met by treasuryer secretary for financial affairs. woodside energy agreed to a 10 year deal to supply liquefied national -- natural gas. the deal starts in 2020 six and will supply it from its portfolio. speaking separately at the conference in houston, the ceo says she sees significant future upside for the lng industry. >> a total global lng market today is equivalent to about 12 -- 12% of coal use. so, there's a lot of room for us to grow the lng markets, to provide that reliable energy and get that affordable energy at our climate range. haslinda: more ahead at the milken institute asia summit. in a moment we will discuss malaysia's subsidy cut in its net zero omissions. the minister of national research in environmental sustainability wi the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that'

independence, when the fed came into existence, the treasury i secretary was the chai chairmanf the federal reserve boardbadgered the fed. nixon badgered the fed. this is a long-standing tradition. people are getting up on donald trump for badgering the fed. at least he's out there and says it, right? maria: and we have confidence that knows what he's talking about at least. >> no, we do not have that. some of us have that confidence. maria: some of us have that confidence. >> here's what he said that's interesting. he said i'm a businessman. you know, what he might have said, i lost enough money to make the average american man go you out and shoot himself, i understand risk. i have money risk. i having to say about interest rates and credit. good. that's true. right. maria: fine. >> and governor waller with all respect and he's a yale university man, with all due respect, he has not that that experience. trump has a tactical financial and business experience and insight and so he wants to have a say. yeah. it's a free country, right? maria: everybody wants to have a say. everybody has opinions. but loo

a federal reserve board's long awaited meeting will start today.economists expect the fed to lower interest rates this week by a half percent, after the signs that show inflation is cooling and the job market is slowing. an interest rate cut could help. could be good news for first time home buyers and homeowners who've been hesitant to put their homes up for sale. we don't expect to hear news about a rate cut until tomorrow, when the fed's meeting wrapped up. wraps up. the federal reserve has not cut interest rates since 2020. >> tomorrow, california lawmakers will begin looking into governor newsom's proposal to prevent price spikes at the gas pump. the proposal would specifically allow state regulators to set new rules for refineries to store backup oil supplies in case of unplanned maintenance or outages. oil industry leaders have said the plan will cost a lot of time and money for them to build, and maintain these facilities, and those costs could be passed on to drivers. >> our goal here really is to ensure that we are saving californians mon

let�*s bring in professor randy grows in a former member of the federal reserve�*s board of governors is it going to be? 25 or a 50 basis point cut to rates? this is the first — basis point cut to rates? this is the first time _ basis point cut to rates? this is the first time they - basis point cut to rates? this is the first time they are - is the first time they are coming to the meeting and they don�*t know in advance. typically is it pretty clear what they going to do and they have telegraphed that to the market but here it could go either way. market but here it could go eitherway. i market but here it could go either way. i think it�*s slightly more likely it will be 25 basis points with a promise for a lot more to come. but it�*s a close call. for a lot more to come. but it's a close call.— for a lot more to come. but it's a close call. how do you think the — it's a close call. how do you think the markets _ it's a close call. how do you think the markets are - it's a close call. how do you think the markets are goingj it's a close call. how do you i think the markets are goin

investment managers and had no ability to direct trades, they have been turned over to the federal reserve boardberlake dodging drunk driving charges he was arrested in sag harbor new york in the hamptons in june after driving through a stop sign in failing to keep on the right side of the road, that is the video he refused the breathalyzer and was charged with driving while toxic aided but now the singer has reached a plea deal agreed to plead guilty to a much lesser charge and he will pay a fine between $30500 determined tomorrow by the judge, justin timberlake has repeatedly denied that he was drunk at the time of his arrest saying he only had one martini, stop at the wrist there and happening now this is amazing spacex polaris don, the crew beginning the first-ever private spacewalk the four-person team outside of the capsule into the vast expanse of minutes, team members are currently venting the cabin to match the pressure, the spacewalk began just before this show started at six and the entire operation is expected to take two hours, tech billionaire derek isaac men is a mission commander

analysts say the numbers suggest the labor market may be cooling slightly, but one member of the federal reserve board of governors said he does not believe the economy is headed for a recession. in michigan today, president biden said his administration has now seen 42 straight months of job growth. they told us we couldn't do it. >> over 1.6 million jobs in construction and manufacturing. >> where the #### is it written that america can't lead the world again? in manufacturing? we are leading the world in manufacturing. and we'll continue to do with inflation and the labor market both cooling. >> the federal reserve is poised to lower interest rates at its next meeting on september 17th. stocks fell today to wrap up their worst week in more than a year. tech stocks took the brunt of the selling, including nvidia, with a drop of 4% today. the dow is down 410 points. the nasdaq dropped 436, more than 2.5%, and the s&p was down 94 points. >> and some more numbers for you. some hot temperatures once again across parts of the bay area. it has been quite the stretch over the past 2 to 3 days, still close

federal reserve board and an archconservative. a famous speech i think back in the late 90's in which he said, you can't have capitalism without trust. you can't have capitalism if too many people are cheating. and the use of offshore finance is cheating. it's not just not paying your taxes. it is not paying your debts. it is avoiding inheritance laws in your country. it's ripping off your investors by running off and putting your assets in the cook islands as the protection trust. it is cheating. so, if enough people do it, that faith in the system is lost. people don't want to put their money in banks. they don't want to invest in businesses that they know can rip them off in this way. for which they essentially have no recourse. so they hold onto their money, and the economy stagnates. the economy depends on people having faith that the laws will be enforced. so you can't have a bunch of wealthy scofflaws basically saying i don't care what the law says, i am keeping my money. we as americans have kind of a love-hate relationshi

well, today's the day the federal reserve board is expected to cut interest rates for the first time in four years. ktvu is amanda quintana is in walnut creek to tell us what we know about this meeting and what the experts expect to see. good morning. amanda >> good morning. well, cutting the interest rate should lead to lower borrowing costs for consumers and for businesses. that is good news. but there is still some uncertainty and a lot of questions as you guys mentioned, a lot of eyes are on this meeting waiting for this announcement. so some of the questions are really how big will this rate cut be and also how long until it actually makes a difference for consumers. some economists expect to see a larger than usual half point cut, which they believe is needed to ward off a looming recession. others believe it will be a quarter point cut, which is more typical. either way, the cut this week is expected to be just the first in a series of federal rate cuts in an attempt to help boost the weakening economy. >> really, not so much about today's rate cut. it's they have 2 or 3 more

well, we are watching the markets this morning after the federal reserve board cut interest rates by half percentage point. it's the first rate cut in four years. >> our economy is strong overall and has made significant progress toward our goals over the past two years. the labor market has cooled from its formerly overheated state. inflation has eased substantially from a peak of 7% to an estimated 2.2% as of august. >> now that decision comes after a long period of rate hikes and also pauses aimed at cooling down inflation. and millions of americans may now be trying to take advantage of the interest rate cuts. a big industry to keep an eye on will be real estate. real estate agents say if you want to buy now, prices are far more negotiable and that drop in interest rates will increase your purchasing power. the fed hinted that more rate hikes could. rate cuts could be coming in the next few months. if that happens, it will bring more competing buyers into the real estate market. >> buyers have been expecting it, but they've been kind of sitting on the sidelines for a while. so i

analysts say the numbers suggest the labor market may be slightly cooling, but one member of the federal reserve board is headed for a recession. in michigan on friday, president biden did address job growth during his administration. they told us we couldn't do it. >> over 1.6 million jobs in construction and manufacturing. where in the #### is it written that america can't lead the world again? >> in manufacturing? we are leading the world in manufacturing, and we'll continue to do. >> the federal reserve could lower interest rates at its meeting next week. stocks did fall on friday to wrap up their worst week in more than a year. the dow is down more than 410 points, the nasdaq dropping 486. that's more than 2.5%. and the s&p was down 94 points. right now though, stock futures are in the green. >> 49ers faithful can barely contain their excitement for tomorrow's open season against the jets. >> that's right. and one of the world's most well-known deejays hosts a first of its kind event right here in the bay area. >> and it's been a warm start to september across much of the bay area. we'll find out

analysts say the numbers suggest the labor market may be cooling slightly, but one member of the federal reserve boardgovernors said he does not believe the economy is headed for a recession. in michigan today, president biden said his administration has now seen 42 straight months of job growth. they told us we couldn't do it. >> over 1.6 million jobs in construction and manufacturing. >> where the #### is it written that america can't lead the world again? in manufacturing? we are leading the world in manufacturing, and we'll continue to do with inflation and the labor market both cooling. >> the federal reserve is poised to lower interest rates at its next meeting on september 17th. stocks fell today to wrap up their worst week in more than a year. tech stocks took the brunt of the selling, including nvidia, with a drop of 4% today. the dow was down 410 points. the nasdaq dropped 436. over 2.5%. and the s&p was down 94 points. >> the irs announced today it has collected $1.3 billion from so-called high wealth individuals who did not pay their taxes. the agency launched a new campaign to collect the

in a nutshell i guess it's appropriations from the federal reserve board. without the need like most federal agencies to go back to congress every couple of years and get additional appropriations to do their authorized function. this was a conceited effort and a valid effort to make csp be more insulated chip from the rough-and-tumble congressional appropriations especially at the republicans got in control of the appropriations process. >> i mean, congrats to you. i mean, it was a difficult case, close case, but the idea that it would not only be 7-2, but that justice thomas would write the majority opinion, i think, surprised a lot of people. only justices alito and gorsuch dissented in this case. and i will say having read the briefs in this case, the government did a pretty good job of finding historical traditions for all of the various as aspects of the way the appropriations power worked here, and the kids -- case really came down to, all right, if you have three different ways of limiting the power of congress or hamstringing it that have all a been

fundamental basis of the way it will accept the decision it takes is taken by the federal, the federal reserve board itself with no political input whatsoever. it's mike hannah, reporting from washington dc. thank you very much for walking us through all of that. let's return to that breaking news out of 11 on where more communication devices have exploded in several parts of the country. at least 14 people has been killed. more than 450, have been injured among them civilians and has belong members. let's take a look at more international reaction to tuesday and now to today's attacks across 11 on the use. high representative of foreign affairs, joseph burrell says, even if the attacks seem to have been targeted, they had heavy indiscriminate collateral damages among civilians. i consider the situation extremely worrying. i can only condemn these attacks that endanger the security and stability of lebanon, and increase the risk of escalation in the region. islands prime minister assignment harris says, what happened at 11 on is extraordinarily concerning. what the middle east needs to see is the es

that and get in line with the european central bank and the european central bank and the federal reserve boardhe economy grow from here. >> and both keeping interest rates high and selling bonds is effectively tightening of monetary conditions. and when inflation is down to 2.2%, that doesn't seem the right policy. >> no. and the selling of the bonds not only stifles your ability to have a better budget because it's a direct cost to the taxpayer and the treasury , the taxpayer and the treasury, but as you say, it's sucking money out of the economy because they sell the bonds to people. so the people no longer have that money to go and spend on something more productive or simply spend it on consumption, which would give a boost to the economy. >> and tesla. isn't it important that most central banks end up following the us central bank? because the dollar is the currency of the world? when interest rates went up, the bank of england lagged the federal reserve, as they're coming down, it seems about to make the same mistake . why doesn't it learn? mistake. why doesn't it learn? why doesn't it r

where the federal reserve chairman come the closest i've heard him say to mission accomplishment comes to inflation. 1 of the federal reserve members boardferred the corner of percent cut to half cut mainly because of core inflation, sticky inflation. she's worried about reigniting it. are we flirting with reigniting? 's. may be. i think that was a mistake. the fed got in their face yesterday 45 or so days before the most important election are priced lifetime to process them on the scale. i could have lived with 25 basis point but as wall street journal called us a jumble rate cut and it was. at cut a lot of people by surprise and i think the question a lot of americans would ask is it's an important election. do know the next meeting by the ways the day after the election so some people are saying why couldn't they have waited in the fed as you know is always saying we have to maintain our politically dependence. i don't think the look so politically independent and. >> want to switch gears the tax foundation found his present kamala harris plan could cost the economy it hundred thousand jobs. mainly because of the pullback the compani

and the federal reserve board is expected to cut interest rates when it meets this week. fed chair jerome powell hinted an adjustment was likely at that meeting, but he didn't say how much interest rates could go down. it would be the first rate cut in more than four years. the meeting begins tomorrow. it will continue on wednesday in san francisco. >> parts of interstate 80 will be closed overnight starting today for nightly repairs. caltrans says the work will replace concrete barriers and railings damaged by vehicle collisions. crews will focus on one direction at a time, but eastbound and westbound lanes will be closed from 10 p.m. to 6 a.m, but one lane will be open where work is being done. caltrans says drivers will experience significant traffic delays, especially during the morning commute. taking 280 could be a good way to get around the repairs. >> it's not often we see a low of this nature dropping in before the equinox. maybe once one a month, but this will be the first of two. the second one coming in wednesday might have a little more oomph to it, which cou

joining us now, judy shelton, nominated by former president trump to the federal reserve board, a seniornd her new book "good as gold: how to unleash the power of sound money" is out october 8th. thanks for joining us. judy, the -- you're going to be subjected to the prerequisite questions on, you know, maybe not how we got here, and, you know, and the intelligence of how we run our monetary system, but just, you need to tell me 25, 50, more, less, how many total, it is fed day, so that's what you got to do. what do you think it will be today? >> i think it will be 25. it is so funny, you say fed day, because all of us who are fixated on the fed and obsessed with monetary policy think that's a huge deal. if you told your cousins or your neighbors, it's fed day, i'm not sure they would respond so enthusiastically. but i think it will be 25, because for all the fed says about not being political, i think 50 would definitely expose them to accusations of being political. there is a compelling case that they shouldn't be doing anything. and they would be the ones who have long been making it

the allegation includes officials from the treasury and federal reserve board. it will be led by the treasury undersecretary for international affairs. blackrock and microsoft are teaming up in what will be one of the largest efforts to build ai infrastructure. the companies will seek $30 billion of private equity capital to build warehouses and energy sources. they will be mostly u.s.-based but a portion will go to u.s. partner countries. it adds to microsoft's already large ai ambitions with $13 million invested in openai and larger plans to overhaul their product line. novo nordisk says ozempic is expected to be one of the targets for a price cut in bargaining with the u.s. medicare program. the inflation reduction act allows the u.s. to directly negotiate with manufacturers for the first time. the 15 drugs targeted for the next round will be announced early next year. ozempic has a listed price of just under $970 per month. that is your brief. jonathan: ridiculous. thank you. more in 13 minutes. up next, struggling to find consensus. >> it's not just that we

term, but i should also say that the 50 basis point cut, one half of 1%, suggests that the federal reserve board is quite worried about the signs of weakening in the labor market. what we know about a recession, if it were to come, is that it sharply reduces revenues going into the government and tends to produce higher deficits, which will translate into higher debt. the fed, by moving as strongly as it did yesterday, is trying to ward off excessive weakness in the labor market and prevent that weakness from triggering a recession. everybody hopes that they got it right. host: william in ohio, democratic caller, your next for mr. galston. caller: greta, thank you for taking the call. this is the old 89-year-old true hillbilly. mr. galston, i have been a firm believer that the national debt -- host: william, you are listening to your tv and getting confused. can you mute that television? caller: i can turn it off. host: there you go. ask your question. caller: i am an old dumb 89-year-old hillbilly. i am not educated like these politicians. about the national debt, i have said for years and year

justice against political rivals and people, seizing control of independent agencies like the federal reserve board and fcc, eliminating overtime pay for millions of workers, denying the climate crisis, pulling the plug on environmental progress, legalizing discrimination against lgbtq americans, organizing massive deportations, and detention camps, deploying the military to quash free speech and protests, elevating headstart in the department of education, privatizing the national wealth service, limiting services for benefits. donald trump has tried to distance himself from this toxic and increasingly unpopular agenda, but you need only to turn the table of contents of this big book to realize, it is the total product of trump's inner circle. the maga manifesto is 13 authors and contributors. 31 served and trumps administration. 80%. donald trump has turned dodgy about his connection to project 2025, despite the fact that he has praised it and commended its authors because he knows it is way too extreme for the mast -- vast majority of the american people. he has led an economic recovery that is

. >> reporter: many economists believe the federal reserve will continue to cut rates. the boardore times before the end of the year. shanelle kaul, cbs news, new york. >>> now to the middle east and another highly unusual attack inside lebanon. in a second wave of attacks targeting iranian-backed hezbollah, exploding walkie-talkies and hand-held radios killed at least 20 people and wounded hundreds more. this comes just one day after a similar attack killed at least a dozen people and injured thousands. cbs' imtiaz tyab has the latest from beirut. >> reporter: in beirut, even funerals are no longer safe after a second wave of mass explosions, including at a burial procession for four people killed in tuesday's pagers turned bomb attacks. eyewitnesses say this time walkie-talkies carried by hezbollah members exploded right before their eyes. the explosions were once again simultaneous and went off in cities and towns across lebanon. hezbollah accuses israel of turning thousands of its communications devices into deadly weapons. lebanese security officials tonight saying it was tr

hi, is this a federal reserve attempted to cub inflation and the hospice and cottage regarded as an aggressive move by a normally conservative reserve board. the board chairman says any further cuts will be decided on a meeting to meeting basis. if that has been assigned to goals for monetary policy, maximum employment, and staple prices remain committed to supporting maximum employment, bringing inflation back down to our 2 percent goal and keeping longer term inflation expectations well anchored. the impact of the cost is expected to be felt on street corners throughout the country. business owners like melvin hines, are relieved, and says he should feel the impact and the weeks ahead is where i am in his full business. we operate on small minds and so you know that have another couple of $100.00 that would be for free for, for spending, for investment, for supplies. all of that does make a difference and it's an entire community that will benefit. it may not be that direct in my pocket, but over time these, these, these costs become less. so therefore, i can do a little bit more with my business, with a drop in loan interest, many like

. >> federal reserve chair joe roam powell said "influx across the board service connected one of the thins that allowed unemployment to rise and rise substantially. to save your jobs, you must vote for trump". larry: well, there you go. saving jobs, vote for trump. jay powell is saying unemployment is going up in part because of illegal immigrants and do you agree with jay powell? >> not really. he's logically inconsistent, larry. >> white chevrolet you look at employment growth, it's declining dramatically, larry and that's the problem and unemployment rate, and trump is completely right by the way and unemployment rate increases because of tax policies and that's a serious problem and trump's policies by the way would lead to enormous expansion of unemployment and look at some of the things on the tips, no taxes on tips and you're i love the some deduction limitation and i did. i'm from tennessee and getting rid of that, that does increase the after tax rate of return for upper income workers and would be increase in jobs, unemployment and income. larry: byron, in the last year, pr

the red but for the month of september and for the quarter, across the board for both green, 10-year treasury yield federal reserveman jay powell speaking at national association for business economic conference expected to discuss the u.s. economic outlook ahead of another anticipated rate cut as november's meeting futures traders say 55% chance central bank will cut interest rates 50 basis point again, bring in bear traps report founder "new york times" best-selling author author of how to listen when markets speak larry mcdonald, good morning to you what do you make of these -- predict another 50 basis points cut? >> well, cheryl this is really an incredible moment in political history, the democrats are shrew.d. clever some ways brilliant operators consumer confidence, was at lehman levels lehman levels. so what do they do juice fiscal spending 400 billion dollars, 1.6 trillion corroborate first quarter to two trillion so juiced the fiscal then 50 base rate cuts from jay powell lo and behold a cocktail dangerous cocktail, they have no idea that china was going to -- produce this trillion-dollar lehman post leh

even the federal reserve chair said this week -- the influx across the board euros has been one of theat has allowed unemployment to rise and rise substantially. to save your jobs you must vote for trump! very simple. very simple! so in the latest rescues and pole just outin the latest polli use talk about the polls and i forgot because i won primary so much but in the latest rasmussen poll, we beat them by 21 point. he got out. i got a second race this never happened i went think of it $100 million on beating joe and they said you cannot win you are out you are not supposed to say that to a president but they said get out of here joe. he got 14 million votes. they never thought she would get it but she got it because they want to be politically correct. she didn't win one primary. she was the first one to quit the race when there were 22 candidates. in the latest rasmussen poll, we are eight points up. [applause] in the new york times they cannot be happy we are nine points up in the midwest along. in the emerson poll, we are leaving arizona by a lot, wisconsin by a lot and we are doi

immigrants coming to the past year legal and illegal have outpaced native board workers in getting jobs. the federal reserve the job market in fact that bc and in the last jobs report out the talked about the amount of job openings. 62,000 people laid off in june. may be by an economics may be not have produced a strong enough jobs market listen to this. >> has the jobs growth significantly stalled in this country? >> a couple thanks i want to touch on, we are trying to get our economy back to normal and we are seeing signs of that. we are seeing data and the job market remains strong. in wet mack when you look at immigration added to the mix it estimates seven in ten new migrants didn't come through normal channels here. the biden and harrison missed ration has try to increase the amount of work permits for these people but listen to the other side of this. >> we forget the liberal market is fundamentally a market. it abides by the lies of supply and demand. if you're going to increase supply industries massively increase applied -- laws of supply and demand it -- than you will depress wage growth because

is the first time out of the federal reserve is made to move in eight consecutive meetings is 50 basis points and talk some in america's this was not a vote, he had back board of governor shall moment, voted against this thing that she should been 25 basis point cut and appears with the federal reserve chairman said that they need to make the perfect. >> it is a process of recalibrating or policy stance and away from where we had in a year ago when inflation was high point was low and would place that is more appropriate given where we are now where we are now we are expecting to be so the process will take place over time and there is nothing in the sep this adjusting committee is in a rush. edward: that shows a forecast of tumor rate cuts this year if they were to move 25 basis points of that for rate because next year and to in 2026 and big numbers are very close and in fact, one that away from only one more cut this year, and one been away from three because next year, the fed chairman is saying that every member voted for some type of cut during this meeting any also answered, if there were political motivations. >> yes and so you know is my ford presi

cutting the chip maker price in half again, even across the board there's more hope in mainland stocks and the hang seng with the federal reserveutting, that gives the pboc more room to set the loan prime ra rates. we have to remember a lot of volatility here in asia. you don't see that in one place. we saw it weakening significantly against the stronger dollar after it found its footing, but recovered after the two-day chart because the bank of japan is set to meet tomorrow which is another key data point here in asia. the early weakness for the yen is enough to lift the spirits of the nikkei 225 keep in mind that the japanese jgb bond yields. frank, back to you good morning >> jp, thank you very much. >>> turning our tension back to the u.s. market. s seema shah is with us. >> good morning, frank. >> seema, i want your reaction to the fed cutting 50 basis points some people were surprised and some people forecast it. how do you see the cut and market reaction? yesterday, we closed lower, but now markets are popping a bit. >> frank, it was an historic move in line with what we expect to come from the fed. typi typically, a 50-

and hotly contested decision from the federal reserve it's likely they'll cut interest rates for the first time since 2020 but how much? brian cheung is at the big board. how did we get here and the major question, what's going to happen? >> luckily for you i have the fancy graphics to illustrate the story here. the federal reserve is the steward of the american economy they have the interest rates to take care of things like inflation. we did see inflation as we know from feeling it at the store, peeking at 9% in the years after the pandemic. what did the federal reserve do to take care of that? they wanted to take steam out of the economy by making borrowing costs in the form of interest rates higher. they did that in the aftermath of the pandemic. inflation in blue, interest rates in red from the federal reserve. they ratcheted them up and it did the job of taking inflation down. here's the concern now, it made unemployment tick up a little bit. you can't necessarily see it all that easily because of the spike of unemployment we saw in the pandemic almost up to 15%. we've been seeing the unemployment rate rise from 3.5% a year ago to as of the last

is the first time the federal reserve made a move in eight consecutive meetings and this 50 basis point will shock some in the markets but this was not a unanimous vote. in fact board of governor michelle bowman voted against this saying there should have been a 25, smaller 25 basis point cut. now, here is why the federal reserve chairman says they needed to make the deeper cut. >> it's a process of recalibrating our policy stance, away from where we had a year ago when inflation was high and unemployment low and that process will take place over time. there's nothing in the sep that suggests the committee is in a rush. reporter: so the dot plot of that hadssep talks about shows a forecast of two more rate cuts this year if they were to move 25 basis points, then four rate cuts next year and two in 2026. now these votes from fed members are very close. in fact one vote away from only one more cut this year and one vote away from three cuts next year. the fed chairman said every member voted for some type of cut during this meeting. he also answered if there were political motivations. >> yeah, so you know, this is my fourth presidential election at the fed, and, yo