j. powell.t are rate cuts for your investing thesis and the rest of the rally continuing the rest of this year? >> well, i think the market is anticipating these rate cuts, right? so it feels like all year, we have been saying they are coming, they are coming, they are coming and they have been delayed. yet the market continues to go higher. so we are expecting a rate cut, one, possibly two. i don't think that we are going to see a huge reaction in the market until the fed actually starts with their first rate cut. >> i want to get to one of your picks. you sent us two growth etfs but both had something come common. megacap tech stocks. why invest in atf. why not invest in the s&p or something that focuses on tech? what are you looking for in those other stocks? >> yeah. one of the other questions that we are getting from clients and prospects should you invest in the broad -- in an index like the s&p 500 that has, like, the exposure to the broad market or should you invest in style. we think ab

j. powell says, forget it, we're done, lock them in forever at high levels, that's a big thing. >> that's feels like is happening here. we keep -- not kicking the can. that's too harsh a metaphor, and it's a terriblice cliche to boo. but at any rate, we keep moving the ball down the field. but it is keeping the interest rate argument in the stew, somewhere. >> i greed, and i think the flip side is, you know, in the meantime, we're sitting here with relatively high interest rates. what are companies doing? oh, by the way, they're doing just fine. they're growing earnings. stocks are going up. i think, in the situation is pretty good right now for companies and they're able to handle all the higher rates. however, the longer this drags out or cfos say, hey, wait a minute, these rates are going to be high forever, there could be a problem. i think in the interim, as long as we're hearing it could be a few more months this year, late this year, early next year, i think companies can handle that. and that messaging and that kind of finessing that for j. powell, that's going to be really critic

j powell is reluctant to say this but the white house is moving in opposition to jay powell and the federal reserve raising rates to slow down the economy spending record amounts in terms of deficit spending that pumps up the economy and makes it hard to slow it down. stuart: it sure is, that's a conundrum and 1/2. thanks very much, then we have nikki haley who released her delegates ahead of next week's republican convention telling them to vote trump. she is not endorsing trump. >> it is all semantics, she has not endorsed trump. she's not going to the convention next week. trump did not invite her. she said a few weeks ago she is voting for trump and now she's encouraging her 97 delegates to back him. no outright endorsement, no invite to the rnc and presumably no vp. stuart: that's what everyone is thinking about. check those futures, 37 minutes into the trading session, bitcoin at 58,040. the dow industrials up a point, s&p down 5 points, s&p up 17. scott shelladdy. emap. the ai rally is taking a breather but you like it. tell me more. >> i coverage on my show every day. and a 12 time

j. powell said we'll have a september rate cut or hinted. the dow up 99 after soaring 450. s&p you of 85 and nazdaq up 450, a 2.6% gain. powell saying that inflation has eased pyro pyro-- but remains somewhat elevated. chip stocks rallied and also meta was soaring coming ahead of earning that beat top and bottom line expectations. stocks up about 7% from what i've seen. that is not facebook, so amazon up ahead of earnings tomorrow as is apple, and reinforcing powell's view, private sector job gain slowed for a fourth straight month in july labor costs rose less than expected. treasury yield falling on news. 10-year yield 4.08%, 5 year falling below 4%. for first time in months. back to you. larry: all right got it gerri willis thank you. >> joining us steve forbes, forbes media chairman, editor in chief and judy shelton. author of good as gold. judy if you want to stem stimulate a better economy why not cut rates and deregulate business. this is not a good policy approach from the fed,y would say how about supply side revolution. lower tax rates, deregulate business. now th

j. powell and cbr director on capitol hill testifying, edward lawrence live with details. reporter: i am at nato summit this connections to fed chairman in that. the president would like to see nato members pay more for their own defense. fed chairman set up possibility for rate cut in september because americans are paying more because of inflation he testified powell testified that leaving rates higher could harm the economy more. >> our economy is slowing. is it not? >> yes, although still growing at a solid pace. >> our unemployment rate is rising is it not? >> yes, it is although the labor market still strong. >> our labor market is slowing is it not. >> yes. >> most people if you ask them to define bidenomics, they would say that is easy we get to pay more to live worse. >> i couldn't touch -- that sentence with that word in it. reporter: powell did admit that labor market is weakened that could be a risk for inflation on labor side, some of thi manufacturing not creating many jobs these days and it could slow consumer spending, republican pressure powell on a rate c

j. powell not to be personal but on policy basis has encouraged the federal government federal spending massive federal spending which shows no signs of abating. >> the assets, they are treasure that the secretary of st treasury are issuing, i don't believe over last decade or last 4 years, that congress would have authorized this massive surge in spending in 2021 and 2022 if they thought it was going to be expensive, what kept interest rates down? because the feds were buying the assets it was a cappive audience the fide -- captive audience the federal reserve. >> stocks are booming. that does not tell you that anything is tight. financial markets that are loose, lower rates, and higher share prices, it may not be only thing, it means what credit conditions are not tight. >> they say that the monetary policy is tight. it is restrictive. look at wall street, hard to find that since chairman powell and his colleagues promised in december they would be cutting rates have has about 12 trillion in u.s. stoke ma stock market wealth that come flawjs a lot of sin. >> i want to them to focus on

so we are very honored to have the chairman of the federal reserve board j powell as our special guestk you for taking the time. >> great to be here. [applause] over the weekend there is the tc events in pennsylvania. some people wonder whether that wouldt affect the markets today. can you give us any insight whether it has had any impact on the markets? >> a david i think i'll leave the markets out of it for second if i can and just say it's a really sad day for our country political violence has no place in our society i condemn it in the strongest terms. i know we all do. and man guided a political rally, to other people were critically injured it was a sad day i would say i'm grateful that enters the former president more serious. i'd rather not comment on the markets. >> okay. so let's get another answer that you don't give a. [laughter] >> little foreplay? [laughter] so, there are few million people in the world who are waiting to see what interest rates are going to be doing. if you have any insights where interest rates might be going? [laughter] >> i am going to take that as a

j. powell. probably some of the biggest losers in the market became some of the biggest winners. they will benefit from rates. take one of the lower one's. reits. earlier this year, it was one of the worst groups in the entire market. they needed less office space. so in the fed's rapid rate hike on top of higher demand and this whole business model seem to be following apart. these stocks eventually bottomed in the spring of last year. they have been working their way up ever since. they felt like riley because the office simply had gotten too low. the big rally over the past few weeks though is different because it is based on the presumption that office real estate is about to get a whole lot better. something that very few people think. we have heard from some of the officers this earnings season. i want to walk you through what is happening because i think it is very different from want you are hearing and reading about. i will start with the largest office landlord in manhattan, with a stock up more than 16% since we got that call cpi reading on july 11th. big move. a week

j. powell has been close to not pushing us off a cliff compared to previous chiefs.y can be gained as long as there is no systemic risk involved. but those are trickier and can lead to decent opportunities. as long as you stay away from the high yielders that become less attractive when the fed tightens and stick with the accidentally high yielders that may just give you bounce when the fed titans. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >> [music] i enrolled in umgc because i became very passionate about emergency management. the professors were great because they've had several years' experience in the field. they've seen emergency management hands-on. i'm able to learn from their experience and really make a difference. i picked university of maryland global campus because you get so much more out of it than just a diploma. >> learn about our more than 135 online degrees and certifi

j. powell with rates and inflation.&p 500 current all-time high is really just a pit stop on the way to 7,000 and what he says will get us there by next deal. >>> paramounted over talks wit one company left dead a few weeks ago. >>> tracking hurricane beryl as we kick of

. >> and also, j powell is been back-and-forth of the things and there's the big question is whetherkeep him but i think nothing trump, and august the way that he did with a fast race. i think voters are lukewarm for for myself, i crawl over broken glass to vote for him after seeing the way that he's handled this, this major event. stuart: that was a major endorsement from jeff thank you reading you're always coming up, gave his first post shooting interview to selena zito who was just a few feet away from him when he was shot and now she will tell us what trump said ever secret service agent, tim miller said the dangerous failed on saturday with this due to a lack of resources or push work der it will be without next. >> . w advil targeted relief. the only topical pain reliever with 4 powerful pain-fighting ingredients that start working on contact to target tough pain at the source. for up to 8 hours of powerful relief. new advil targeted relief. (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i

j. powell saying progress is being made on the inflation front but the fed isn't quite ready to cuts and didn't stop the nasdaq and s&p 500 closing at record highs. we will jump into the market when we return. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. hi, i'm stacey, and i've lost 60 pounds on golo. (guitar music) i was surprised with the golo plan, i was not hungry. thanks to release, i don't feel the need to go for snacks or go back for seconds. give golo a try. this plan works. (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it

. >> and j powell for day two of his

so were very honor today to the chairman of the federal reserve board jay powell as our special guest. ju very much for taking the time. >> great to be here. [applause] over the weekend there was tragic events in pennsylvania. some people wonder whether thatt would affect the markets today. can you give us an insight as to whether you think it's have any impact on the markets? >> david, i think only the markets out of it for a second if i can, to say that it's a really very sad day for a country. political violence has no place in a society and i condemn it. i know we all do. a man died at a political rally, to make other people critically interested just a sad day. also grateful the interest of the former president when not more serious. i'd rather not comment on the markets. >> okay. so let's get another answer that you don't want to give. [laughing] >> foreplay, right? >> there are a few billion people in the world for waiting to see what interest rates are going to be doing. do you have any insights on were interest rates might be going? [laughing] >> so, i'm going to take that as a

j sheila jackson lee. >> bret: peter doocy traveling with the vice president in houston. jerome powells policymakers are getting closer to the point where they will be comfortable enough with progress against inflation that they can possibly cut interest rates. the next meeting is in september. that was optimism. today, big technology stocks drove a rally for u.s. indices, the dow gaining 99, the s&p is up 86, its best day since february. the nasdaq surged 452. breaking tonight, the defense department says plea agreements have been reached with the september 11th defendants. specific terms for the three men accused in the 9/11 case are not yet available but it was expected any plea agreement would allow for the death penalty to be taken off the table. we are standing by for former president donald trump to speak after the rally in pennsylvania, we'll take you there live. first, is u.s. national security and trouble? some experts think so. first, here's what some of our fox affiliates run the country are covering tonight. fox 13 in seattle as bowen gets a new leader. robert b is the com

j? what evan watching and waiting. expectation, dovish speak in jay powell pave the way to cut rates in september the next time they meetthat meeting. >> talk to an international economist about all of those things and vietnam, believe it or not. going to be recognized as a free market economy. a big deal. all of this what do with global currencies, innterplay between everything. it's important. it's windy. >> we're outside. it's beautiful! >> it is beautiful. >>> when we come back a lot more live here from paris. investors including a fed decision and the monthly jobs report. the chief economic at allianz will join us here in paris to set that stage next and later, alibaba president michael evans. why his company has become a big olympic sponsor. stay tuned. you're watching "squawk box" and this is cnbc live at the olympic me . ted by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> -- but i am still quite optimistic. >> talking about the new nba deal. >> growth of the deal globally is fantastic. >> paramount. f