and as those trillion dollars were al indicated by congress motivated by president jay powell was muteer 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 that is he has not replace michael barr that he is key to this story not necessarily down the approve doj cuts but not replaced michael barr a nightmare for the banks because rules on regulations around xavrlg else we don't have a new vice chairman of banking supervision if keeps his absorbs things himself only the going to keep the rules and regulations in place michael, i know this as an investor, your thoughts on powell yet to name vice chair of bank supervision. michael: powell likes pe

maria: ro i don't think federal reserve onboard with cuts talking about this next because jay powellent out email to staffers last week saying ignore the opm email what you did last week, getting to it we are just getting started stay with us quick break then president trump lays out whirlwind issue accomplishments in second administration to joint session of congress pennsylvania congressman was there talking about it whether or not fed onboard with cuts coming up you are watching "mornings with maria" live on "fox business" stay with us. ♪ i lost my way, ♪ . . en reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. (♪) (♪) what took you s

what are you looking to hear from jay powell? know he goes into these conversations hoping to not make news. callie: yes. he's usually good at that. the fed is in a pickle now. jay powell's words during this week, during this volatility, or more important than they usually are. you go back to the fed's dual mandate prioritizing stable prices and maximum employment. they are kind of at odds now. obviously, there is a real risk to the job market and on the other hand, tariffs to boost prices and cause companies to feel more empowered to lean into higher prices. i'm not ready to say stagflation yet but you are at the beginning of the fed having to choose one side of the mandate versus the other end lately they have been biased towards looking up policy and the inflation side of the mandate. i want to hear from jay powell, what side he is looking at and how it has changed over the past few weeks and how the fed plans to change policy with the new information. scarlet: we have a new economic data as well as a jobs report friday. how w

i reported yesterday sources in the banking sector and congress told me that jay powell is lobbying ton absorb the bank supervision role into his own role, that will mean all the capital regulations will be status quo. yesterday senators and congressmen in the house financial services and senate banking and he sent a letter to scott bessent urging the treasury secretary to name a new bank supervisor for the regulations so the capital rules will ease. the fed is not offering comment but powell has not been on board with the trump agenda cuts. he sent this email telling staffers to ignore the email demanding to explain what they accomplished last week. weekly secretary besson suggested to me the trump administration will name a new bank supervisor but we have yet to hear who that is. give us your sense of this raw and the impact it has on the broader economy? >> first of all it is not that critical. paul volcker wanted the vice chair of supervision to give it more prominence but prior to that, the chairman of three governors, they had a lot of influence and were involved in it and they w

supervision be filled at the fed after my exclusive reporting that the federal reserve chairman jay powell is lobbying to exhort the rule a trump administration expected new bank supervisor we will get to the latest. all morning long wealth advisor president chris mcmahon the federalist correspondent and fox business cheryl casone. "mornings with maria" is live right now. let's kick it off with a hot topic of the hour. president trump following through on the tariff promise yesterday as levees against canada, mexico and china took effect last night at midnight due to the country's failure to address a fentanyl crisis flowing into america, this includes 25% tariffs on mexican and canadian imports. a 10% tariff on canadian energy and additional 10% tariff on chinese imports taken the tariff on china up to 20% we have retaliation across the board. beijing has retaliated with a 50% tariff on u.s. grown chicken, wheat and corn and cotton and tempers on soybeans, pork, beef, seafood and fruits. american companies are added to beijing's export control and unreliable entity list. canada's prime mi

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 your point, headlines could be worrisome and markets incredibly good at climbing the role of worry and

payrolls even gets superseded because the chairman of the fed, jay powell is speaking.rything that is happening so far. jonathan: you also have the policy conference. what are you and others focused on at the moment? mike: you can see this chart that shows there are not many federal workers as part of the overall workforce, so cutting them will not show up in the jobs report, but cutting them at the statistical agencies could affect the report. a lot of economists at the nabe meeting say they have heard from a number of folks that have taken the fork in the road by out. they are afraid there are more cuts coming and some data series will be discontinued. howard lutnick yesterday talking about the idea of totally messing up gdp reporting. a lot of concern about how we will know about how the economy is doing going forward. jonathan: thank you. looking ahead to payrolls. 160 is the estimate. at the moment, the median is 160, previous month, 143. lisa: what is a good report when people are looking for some deceleration? if you get anything below that, does it have a bigger

reporting, i reported there was lobbying underway toward congress and toward the fed board that jay powell in charge of bank supervision. michael barr left the role last week. this is a presidential appointment which is why senators and congressmen from the financial services committee sent a letter to scott bessent saying we demand someone to oversee the banks. trump supporters are on the fed board, wahler and mickey bowman, what are your thoughts on bank supervision and what you want to see at the federal reserve as someone who is impacted directly by it. >> we have relationships with the fed, the texas banking commission, the fdic and others. what i really want to see is first of all i'm really excited about bessent being there. i don't know him personally. i heard wonderful things about him. we have a lot of common friends. he seems practical in his approach. i like what he's done so far. i want to see people appointed and in charge of different agencies, more of a reconciliation between agent says where they work together and make the regulations easier to follow and comply with and d

and the combination of joe biden and jay powell at the fed led to what we are dealing with now. >> because the wall street journal also said mr. trump is whacking friends, not adversaries. >> well, when we trade with the rest of the world, we don't have allies. we have competitors. let's take germany. germany sells us eight times more cars than we sell them. it's not about our product quality or craftsmanship. it's about the fact that german tariffs on autos are four times higher, 10% versus two and a half. plus, when you add the vat tax, the value added tax, it serves both as an export subsidy and a 19% additional tariff. now here's what happens. a cadillac starts in michigan at $50,000. by the time it gets to german markets, it's in the mid 60,000. because of the tariffs and the vat tax. a bmw comes from bavaria. here, $50,000. they sell it to us because of the way the vat tax works is an export subsidy or low tariffs. and the low 40,000. okay. do you see that's a $22,000 differential because germany, our ally, which also refuses to pay for nato and buys a bunch of gas from. >> russia, r

although in recent years jay powell has been much more responsible about not pushing us off a cliff thane of the previous fed chiefs. here's the bottom line garden variety pullbacks can be gamed as long as there's no systemic risk involved. but sell offs in the wake of the fed raising rates, those are trickier, although they 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 might just give you the delicious bounce. when the fed's done tightening mad money. we'll be back after the break. >> for me. >> squawk box. >> is breakfast with. >> most. interesting people. >> in the world. >> it's a. >> privilege to. >> get to. >> talk to them every day. >> it's more. >> entertaining than any other morning. >> show, but you. might get. >> show, but you. might get. >> some useful informa power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and

i think the j powell fed throughout there jay has been tremendously good at learning from any miscues that they have made. he pulled down during the pandemic all of bernake's special programs. powell had to figure out how to unkind the balance sheet all the way down and that was a miscue and being more ambitious on how low and in september of 2019 there were warning bells more needed to be done and then the pandemic got there. i think if you had another four-years or another chair like jay powell with that exes experiencethey would continue te on those features. >> brian one of the things i wanted to ask you about, i talked to a lot of people that are worried about the plumbing and we have seen some seizures out there. we haven't seen something like the uk but the august wind out and the flash crash with that. what do you see given how close you are to the plumbing of the financial markets and what worries you most in this time of uncertainty. >> yeah, so some of those events like the unwind episode i don't think they were financing markets, they were much more positioning and it happ

friday, the job report, and comments from jay powell.ooking for later? tyler: according to the white house guidance, they are allocating two hours for president trump to be on capitol hill. we can go through all of the big themes but no. the economy will be front and center particularly against this tariff backdrop. president trump will try to convince the american public and lawmakers that his economic agenda is working. up to this point, most of his actions have been unilateral, but soon he will need congress to get more of his fiscal items over the finish line. right now we are already starting to hear concerns about making his 20 tax cut plan permanent, as well as concerns to spending programs such as medicaid. we will see if he addresses any of those concerns. and we are 10 days away from a potential government shutdown. the economy no doubt will be a top focus on both sides of the aisle. we will also be closely watching the democratic response. it will be a late night here in washington. lisa slotkin of michigan will be delivering