joining me now to walk through it is lonski group founder and president john lonski.n, great to see you. thanks so much for being here. to what do you attribute all these record highs in stocks? well, i think, you know, they're looking for a soft landing on the equity side. that's what's driving the equity market higher. they believe we are going to have a soft landing along with significantly lower interest rates. i mean right now fed funds futures are signs a 75% probability. the fed funds finishing the year at 4.13%. and that's way under the latest 4.88%. what bothers me, though, if the fed is going to cut that much, does that risk reigniting consumer spending in the united states? and if that's the case, then we are perhaps risking a resurgence of price inflation. so this latest good inflation news might well be reversed. you know, after all, maria, we are still operating close to full employment. it's not going to take much of an increase. and consumer spending to put upward pressure on wages. and salaries. and that would translate into higher prices. yeah it's a

john lonski joining us, the most disruptive hit to the u.s. economy in decades.ajor east coast port strike set to take effect on tuesday impacting all shipping goods in the u.s. just in time for the holidays out of the american trucking association has big warnings, he will join me next. stay with us. if you have wet amd, you never want to lose sight of the things you love. some things should stand the test of time. long-lasting eylea hd could significantly improve your vision. more people on eylea hd had no fluid in the retina, compared to those on eylea at 4 months. eylea hd is the only wet amd therapy that helped 8 out of 10 people go up to 4 months between injections, after 3 initial monthly treatments. if you have an eye infection, eye pain or redness or allergies to eylea hd, don't use. eye injections like eylea hd may cause eye infection, separation of the retina, or rare but severe swelling of blood vessels in the eye. an increase in eye pressure has been seen there is an uncommon risk of heart attack or stroke associated with blood clots. the most common

. >> john lonski in 2023, he was defying congressional subpoena to testify and stood there had his camera crew, was believed for documentary there with phone producer, cohort, and, finally, because accused of perjury obviously in violation of congress finally did submit but, at the same time,s again showed that he that the hunter biden of 2023 is not hunter biden of 204. >> the old hunter biden thought he was above the law that he wouldn't be prosecuted, turns out not to be the case what is odd almost hints of incompetence is most tax cases, if you are guilty you are guilty you plead guilty immediately. to try to get it out -- why did they wait so long doesn't make sense to me. joe, was alluding to, if they would have had trial could be embarrassing to the democratic party take you know attention away from the supposed wrongdoing misbehavior of donald trump turn it towards hunter biden. that could be one of the reasons why he finally decided i am going to plead guilty. cheryl: the disdistrict judge in charge of is an 6 election interference says is not going have told a trial before the e

john lonski and fox business cheryl casone. with maria" is live right now. ♪ >> it's time for the hot topic of hour, kalama harris is is relying on a star power to booster campaign she sits down with a live interview with oprah winfrey and many other celebrities. the vice president on track to have the fewest number of interviews of any presidential nominee before an election, fox news digital political correspondent with more, good morning to you. >> vice president kamala harris holding a star-studded event with oprah on michigan online she was met with appearances from celebrities like brian cranston, chris rock and brian stiller. >> i am just smiling from year-to-year oprah, i have never felt this much joy and optimism and a campaign and a longtime. >> i have always been a fan of kamala harris even when i remember her writing a check when she was a district attorney for something maybe to get out of a parking ticket or something. >> going from a stopped trump mode into go kamala harris. >> she spoke about the vision for the

stuart: john lonski is with us now.ernment subsidies. >> if you attempt to bring down the cost of childcare even with massive government subsidies, what you end up doing is increase spending on childcare and and if demand is increasing relative to supply you know what happens to prices the prices of childcare will go higher. a great example for college education tuition. one factor that helped tuition costs or is the fact that the government made it easier for students to get the loans to finance their college education. once they had easy access to government monday we found that colleges could hike tuition they can hire all the additional administrators that they never really needed. stuart: isn't here's proposing a $6000 child tax care credit for new parents. >> the first year of the child's life. stuart: $6000. >> more money to spend on childcare if everybody does the same thing simultaneously, common sense tells me that the prices of childcare go higher. $25000 payment for the help of first-time homebuyer, what wil

is mikhail khait, hello, hello, marya sergeevna, this is korablyov, yes lyun, speak up, so what, lonsky has alebi, reinforced concrete, i understand, uh-huh, well, how is life, young, good, thank you, uh-huh, yeah , oh, yurochka, hello, dear, greetings, so, how are things? what's going on with this murder, what's going on? i've gotten rid of him for now, the police suspect me, oh, it's a pity, of course, about the girl, egorova was talented, i have a favor to ask of you, yes-yes, we need to organize an exhibition for one of my students, can you help, well, allocate a grant to her, as a promising and especially gifted, well , naturally, what's the girl's name, lilya matskevich, of course, of course, we'll do it, let's go, look, it's not him, yes, that's right , let's go, hello, young man, hello, criminal investigation department, major korablevy, do you have any documents, please show them, why do you need my documents, what happened, you're not worried about what you have there, a passport, a student card, right? please. can you guess why you were invited here? i have no idea. do you kn

shanghai already, joining the conversation already long gallant ski group founder and president john lonski in new york city council minority leader job or valley, "mornings with maria" is live right now. the ♪ ♪. cheryl: it is time for the hot topic of the hour, first son hunter biden awaiting sentencing after pleading guilty in a surprise move to all nine federal tax charges brought against him by special counsel david weiss, before jury selection was supposed to begin, hunters attorney abbe lowell on what date hunter change his mind. >> after watching prosecutors exploit his family's pain. the delaware trial in realizing that they are planning to do it again in california, hunter decided to enter his plea to protect those that he loves, from unnecessary hurt and cruel humiliation, this case was an extreme and unusual one for the government to bring, millions of americans, hunter was late in filing and paying his taxes and unlike the millions of americans that was charged criminally for his failures that occurred during the depths of his addiction to drugs and alcohol. hunter put his fami

maria: john lonski, great to see you. thank you for being here. -- picks it up. st

let's bring in john lonski because he helps us unwind, unpack these things.ight? motor vehicle insurance, ay-ay-ay, right? if you're hooked on smoke, you don't care if the price is up or not, but here we get to this rent and owner's equivalent rent and all these numbers here, you know, what is up? we did this a year ago a, all the economists say, yeah, the data's a little slow, the bls, but this number is going to come down in three months, four month, five months. it's been a year, it's not to going where they said it would go. >> it's insane. talking about owner's equivalent rent. we'ved had mortgage yields go sky high and yet home prices keep rising, okay? i can't figure this one out. with rent the argumental was that that as more multi-family units came on line -- charles: right. >> -- that would slow rent inflation, but we still don't have any evidence of that on average nationwide. charles: little bit other things, meat and poultry still higher, other food items are down. all in all, your assessment of this and the street's initial reaction to it. i mea

no, she didn't say anything, we found a portrait of her professor, teacher, professor lonsky at her houseand what about hello, hello, well, how can i put it to you, well, tell me as it is, lera had an affair with him. an affair? yes, she was in love with the professor. he often has affairs with students, you could say constantly. i see. and did his wife know about his hobby? how should i know, she often leaves, he takes advantage of the situation. so, wait. when was the last time you saw your girlfriend, yesterday at a lecture. at a lecture. and when did the lecture end? at 2:00 pm. and where? did you go? i went home, i had a bad headache. yeah, and what about your girlfriend? i have no idea how we parted after the lecture, i never saw her again. thank you, madam. well, what? let's raise our glasses and drink to our newlyweds, and let this project in their life be the most successful project, to love. to love, well, of course, love is always in the foreground, but then comes work and you must understand that art is always an addiction, it may not bring income, but stability is always need

divide is growing deeper and deeper and hurting confidence overall and i'll dig into the numbers john lonski and quest to control behavior and major bank issued a tracker that if you bought and scalded you for it. pulled back the scalding and the tracker exists. wait till you hear more attack that. all that and more on making money. a school board whistles to hide fear of ghosts and evil spirit walking past a church graveyard and i bring that up because i done know, maybe it's just the lack of the markets umph but it's still moving higher and higher for some maybe it's just kind of filling its way to the whistle past the graveyard. they're saying listen, the market cig norring growing evidence that the economy is on slippery grounds and maybe even that the fed could be too late. even with powell 50 basis point cut. the other side of this is maybe the fed stepped in just in the nick of time and the market is advancing on the gray and inflation and celebrating the green light for renewed growth and there's no doubt that financial conditions have eased considerably and i'll show you this chart

he is alone in the opinion of his friend, fyodor khomyakov, with whom they lived at the lonskys, rentedg, he had changed completely internally, and in his own melancholic way, even externally he had changed his appearance, his hair had grown, it had become dark, he tells his sister sonechka about this, he had grown a moustache and a beard, he looked like a completely different person, but nevertheless he attended receptions, balls, once the lanskys gave a ball at their house, and the heated poet ran to his wing, without even throwing shenily over his shoulders, he fell ill with a fever, he fell ill, seriously ill, and as fyodor khomyakov says, he dreamed of poetry all the time, he either muttered them or wrote constantly wrote his poetry. and it seemed that in 24 hours of the day he did not have a free minute, he kept his diary all the time, he composed and hurried to write, thus he hurried to live, but he had very little time left to live, and here again we recall that story, that legend, that prophecy about the ring, to which we return again in it, when dmitry became completely ill. h

maria: john lonski, great to see you. thank you for being here. caroline downey and cheryl, as always, have a great weekend, everybody. "varney & company"ices it up. stu, take it -- picks it up. stu, take it away. stuart: good morning, everyone. no big selloff after yesterday's huge gain. we done know what happens by the close of trading today, but in the early going this morning, just fractional losses. the dow may be up again, up 18, 202 points, fractional loss for the -- 20 points, down 6 for the nasdaq which was up 2.5% yesterday. bitcoin moving up, 63,000 and change. gold staying at record highs. we're looking at $22, 640 -- 2,640 this morning. the 10-year treasure i at 3.73 and the 2-year at 3.61. let's get to politics. there's a lot going on. kamala harris and oprah winfrey held a live streaming e is vent. there were tears, plenty of emotion but no firm answers on what harris would do on the border or how she would bring prices down. harris has a very hard time expressing herself clearly. oprah tried to bail her out, or didn't quite work. d

also with me on set, john lonski. take a look at futures this morning.ur and 15 to go until the jobs report for august, dow is down 148, nasdaq down 205, s&p down more than 34. this is interesting, economists expect 160,000 nonfarm payroll jobs to be added to the economy and the unemployment rate to come in at 4.2%. >> our administration is driven an historic economic recovery. the u.s. economy is strong. the second estimate of second quarter gdp came in last week. it was 3%. very substantial number, enjoyed growth just over 3% over the last year and unemployment remains near historic lows. cheryl: john, what do you make of her comments? she says that the labor market is fine. >> well, she says the labor market is fine but financial markets disagree with her quite strongly. my goodness, we have the equity markets are selling off before the release of today's employment report and more importantly, we've had this deep dive by treasury bond yields. we've had a 10 year yield that's down to what -- that's 3.73%, 3.7%, the two year yield nearly 3.7% and then

economist john lonski is next. ♪ -- there was a freedom i had never known before ♪ tamra, izzy and emmaone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety. when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here. we're going to see some power outages. number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural g

also with me is john lonski. den nicks tdennis, thank you fog the conversation. at futures after the rip roaring rally, a fractional decline at the start of trading, stocks hit record highs yesterday after the federal reserve cut interest rates for the first time since march of 2020 and cut by big, 50 basis points. the wall street journal writes the fed is looking to repeat its famous 1995 rate cut pattern that helped lay the ground work for soft landing and paved the way for economic boom that followed. what's your reaction and outlook for the fed, rest of the year? >> the fed clearly us going to allow the overnight fed funds rate to decline another 50 basis points, maybe 75 before the year end. i'm a little surprised by the fact they moved 50 at this point but i exacted t -- expected the fed to be reticent about cutting the overnight fed funds rate for some period of time. earlier this year everybody thought it would be five or six cuts, i thought it would be one or two. that has proven be the contract you outlook. i think the fed is giving up on the dual manda

are on a joy the conversation strategic wealth partners ceo mark tepper, posting the president of lonski partners lee carter and kingsley asset management cio scotty martin, "mornings with maria" is live right now. ♪. maria: the federal reserve cutting interest rates for the first time since 2020 by 50 basis points on high end of expectation, chairman jay powell leaving it open path for a soft landing forecasting another half of a point cut later this year, the fed edge aggressive action is renewing investor fuse of a possible recession, kelly o'grady with the breakdown, good morning to you. >> good morning to you it is interesting yesterday's rate decision indicates a federal reserve feels confident about the target but it wants to enter the labor market does not continue to cool, 50 basis points is a big deal many investors rejoiced at the aggressive of the rate cut cycle but i have to give you context in recent years we've only seen a half-point cut in dire times thanks 9/11, covid, some analysts are raising concerns a larger cut could indicate that we even more economic trouble than

some interesting works there, and you also wanted to buy one of the paintings, yeah, a student of lonsky course, of course, and why are you doing it now? i remembered her, she was killed last night, yeah, they showed it on tv, in that, in the news program where they tell what happened, they found her strangled in the park, oh my god, what passions, mash, hi, hi, dim, so glad to hear from you, i too, you're sad, you're just tired, well come to me in moscow, we'll go for a walk to the theater... we'll go, and work, work is not a wolf, it won't run away into the forest, that's for sure, let's get out, at least for a day, i've missed you so much, well, we'll see, okay, kisses, kisses. mash, are you getting ready to go home? yes, i'm coming . listen, why is lyuska so cheerful? what, are you getting married? people are interested. married, thrown into work. what, is work a reason for fun, or what? for us it is a reason, so tell the people. well, girls, you're giving. what kind of relationship were you and egorova? what do you mean in which ones? i am a teacher, she is a student. the thing is t

money, what are the everyday products at low prices, goods in great demand, buy on ozon, tea and lonskyd of how quickly we deliver money to different cities so that 45 million clients can withdraw it, how many professionals are in offices across the country? create the best products, technologies to protect your funds. how many millions of meetings do we hold with clients so that they don't waste time on trips to the bank. how many are you? you never dreamed of all this, because you and one. this program is so confident in their bank. t-bank - it is its own truth. we continue to talk with our guests about the situation around ukraine. yes, we listen to you further. finish the thought, michael. and together with ... this is the alliance of iran with russia, that iran can very significantly, substantially increase these acts of sabotage against american troops in the middle east, which will not seem a little to the us, so they say, well, you don’t need to do this, but i am afraid that all the same these voices, more cautious voices will not be heard, putin said this directly, about threat