and for more on this now i'm joined by our correspondent mark zandi in brussels tonight going to you max we know that ursula for the lions she was not the 1st she wasn't even the 2nd choice for the job so the question is can she win over those skeptical any piece. well brant what i can tell you at this is that she has been trying very hard she has been touring the groups for the last 2 days as we just heard in the report and she also showed that she's trying to emphasize that she is a true european responding to those n.e.p. questions in english german and french but it's not certain at this point not at all that she will get a majority in parliament the majority is that that she needs to get the job. because many are unhappy with having to vote on a surprise candidate plus the european greens an ounce this evening that they were as a whole group not going to vote for her against her because she was too vague or didn't go far enough on issues like a rule of law and climate yeah i mean that's that's a big blow to her chances it taught me a little bit about the biggest concerns that th

we have mark zandy and joe watkins with us. mark, i'll start with you. the homeownership trends will get worse? by the way, this comes at a time when the economy is strong >> right right. you have very low unemployment and low mortgage rates there is a lot of headwind diana mentioned the shortage of affordable housing which is juicing up house prices and rents making it difficult for lower and middle income minority groups sale for a down payment student loan debt $1.25 trillion in student loan debt is making it difficult for people when they start to buy their first homes. this goes to the african-american and hispanic. very low homeownership rates large group of minorities that are under-banked or not banked if you don't have a credit score, you can't get a mortgage. a lot has to be done to get them back in the financial system to get a home there is no better way to increase your wealth than to save and own a home. >> joe, this was a huge push going back to the decade before the housing bubble last time around you pointed out the african-american home

joe watkins and mark zandi that's does it for the change. tyler mathisen has "the power lunch. >> thank you, kelly. i'm tyler mathisen here is what is new at 12:00 a dollar duel. the greenback brewing inside the white house. we will have details on that straight ahead. >>> plus, did apple just win the 5g war we will explain why the purchase of intel chip service could be a game changer >>> fast food on fire. mcdonald's and starbucks hitting record highs there is one key to keep fueling this route "power lunch" starts right now >>> with two hours to go, here is where we stand with the markets. s&p and nasdaq hitting record highs to close out the week. nasdaq better than 1%. alphabet's power move behind that rally stock of double digits best day in years kelly. >> thank you we are a week away from the decision of a rate cut the national white house economic adviser larry kudlow saying it is a miracle the economy is growing at all given years of monetary tightening mr. liesman is here. >> other parts of the economy reverse the strength of the f

you have the moody economic poll by mark zandi, chief economist at moody's analytics, who says trumpill win all 12 points in the poll. you have the goldman sachs model that shows him winning. you have the 13 key factors model, and you have the sports books in vegas. all of the money, polls, analytics, point to trump. that's number one. number two, my reason is if you look historically there have been two incumbents that have lost since roosevelt and that's george bush sr. and that was jimmy carter and you have two presidents with tanking economies with no passionate base and were running against transformational candidates. this is none of the issues with trump. the third reason i am frightened, this guy will use the power of the presidency like no other president before him to get re-elected, whether it is starting a war, whether it is tomorrow flipping mike pence for nikki haley. wherever your mind can take you, he will do it. i put that all up, and i say, emily, democrats beware. am i just too negative, donny? >> no, i think you are 100% right. i have been thinking about this and

but as mark zandi said a few moments ago, if the jobs numbers start to come in a lot softer than they100 "k" then the unemployment rate starts to creep up. sure, you can end up going into the election with an unemployment rate below 4% but it's the delta that often matters. >> you just described a 33% decline in gdp that is the definition of a recession, my friend. >> well, the definition is really crossing zero, but i take your point people will feel that, and that's the median forecast. >> without the president's policies in place and the tax cut and the deregulation, do you think we'd have been headed to the recession? >> i don't think so. the deregulation stuff is mostly hoch am. people who apply numbers to gdp numbers are often just waving their hands. i do think the tax cut really stimulated economic growth in 18 and 19 much more through a keynesian channel. >> you're not willing to -- even if you didn't think this was meaningful deregulation, just the psychology of psyching yourself -- of thinking to yourself this white house, this administration, it wants business to succeed m