. >> and let's talk more about this now with mark zandi, chief economist for moody's analytics. mark, thanks for being with us. the fed expected and we should note you're not on the phone talking to someone else. you're on the phone with us. this is how we're managing our audio situation right now. but the fed is expected to cut rates again today just by a bit. what does that tell you and what should people be reading into that about the economy and the jobs market i don't think that holding his phone has solved some of the audio issues that we're having. >> we're going to try to get this resolved. yeah, clearly it didn't work. >> dang it. >> plenty more news to come on cnn news central, including the supreme court. may potentially be throwing a lifeline to tiktok as it faces a ban in the united states. we have details straight ahead andy, take a seat. >> anderson. >> look at this. you're wet, disheveled. there's debris hitting you. we need to be ready for new year's eve maybe you are ready. >> new year's eve live with anderson and andy. live coverage starts at eight on. >> you f

let's bring in mark zandi — chief economist at moody's analytics in new york.that donald trump so far has been good for the stock market. will his economic agenda be good for the economy? it has some problems. i do not think broad—based tariffs make a lot of sense. you ask 100 economists what they think of them, 98% would say it is a bad idea. tariffs are a tax on consumers, means higher prices, retaliation from other countries as they respond and it will costjobs. it countries as they respond and it will cost jobs. it will increase uncertainty. it tariffs on products and countries, which of time, and if there is uncertainty it weighs on investment decisions. the other key policy the president has been espousing is deportation of immigrants, and in the american economy, it is 4%, and if you ask and force people to leave any significant way, it will create a lot of disruptions in industries that on those immigrants, agriculture, construction, manufacturing, hospitality, retail. that also will lead to higher inflation. the policies will be challenging to the econ

joining me now is chief economist, mark zandy, good to see you. >> good morning. >> mark, i want to ask what are you expecting? bond traders tracked are expecting a cut. what kind of tone are you expecting in the news conference? >> i expect a cut. the fed hasn't disswayed us of that, and i think that's a very likely. i think the tone will change, frank. i think powell will in the press conference, in the statement after the meeting, make the case that the fed should go much more slowly in the rate cuts going forward, and even lay the foundation for potential pause here for an extended period. you know, there's a lot of uncertainty with regard to economic policy under the new trump administration. tariffs and deportations, what's going to happen with fiscal policy, tax spending policy, and i think the federal reserve needs to get a better fix on that before they make decisions about future rate cuts. i think that is likely the message that will come through with the statement and the press conference. >> it will be a conversation all day. you get to take the first crack at it. according

this morning mark zandi posted this only to now chart, right, of impending doom.t's all about valuation. this is your y32k bubble. you can see the -- y2k bubble, this is your valuation, obviously very high. we're getting there again. we're break out here. here's one thing, the same purists would have told you not to buy until maybe, last time was 2015. so this rally that began in october 2022 the wasn't cheap enough. so remember, there are two sides to all of this stuff. now, the last time the market was a buy, again, by paint by numbers was 2015. so here's the thing, mark zandi's highly regarded, right? he was president biden's wall street guy. but you have to understand that if consumer sentiment was this high and someone else had been president, they'd say, okay, maybe we can ignore those sky-high valuations because, look, consumers are out there, they're pending money. you have -- spending must be. you have to be enthusiastic about that, and that means the market's going to do well. another strong point. gdp is moving higher for the quarter according to the at

i spoke with mark zandi who said without explicit guarantee, mortgage rates would go up 75 to 100 basist borrowers he said president-elect trump wants the stock price up for the shareholder friends like bill ackman calabria disagrees >> at the end of the day, it is shareholder incidental i don't believe anybody in the administration is looking to help them or hurt them >> reporter: calabria says this is not high on the priority list for the president and it may not happen zandi says the most likely scenario is the gses stay if conservatorship and adds privatization is a solution looking for a problem. frank. >> a lot of what this means for mortgage rates when can we expect movement? if this is realistic, when would it happen? >> reporter: it is not a 2025 issue. they say it is possibly on the president's top ten list, but not in his top five list it could take several years and possibly be one of the last things in the term coming up there is consider chatter. a lot of talk and articles written on this in the last couple weeks it will be on the agenda, of course, we still need a new fha

i spoke to mark zandi. he's very opposed to them coming out of conservatorship because he says, why fix something that isn't broken. in fact, he says, i think it's unlikely fannie and freddie will be released from conservatorship. it doesn't make economic sense. there are a lot of arguments on both sides of this. it's going to depend what the new treasury secretary thinks, whether they can get explicit government backstop from congress, and whether the two are well capitalized enough to take them back into the private market. a lot going on here, not going to happen in the first year for sure. >> no, for sure. and small volatile stocks moving a lot. i know there had been hopes under a new trump administration there might be a path out, which would seem to require a government backstop or more capital. >> exactly, more capital for sure. they are unlikely to get that explicit government backstop. but then you have lots of arguments claiming they are already backstopped just like the banks are. >> implicitly i

i spoke with mark zandi at moody would said without an explicit gov guarantee on the fannie and freddie credit worthy borrows and trump just wanted to boost the stock prices for wealthy shareholders like bill acman they're already way up since the election but he disagrees. >> it is important to remember that at the end of the day, anything that happens to shareholders is incidental i don't believe anybody in this administration is looking to help them or hurt them >> but he admitted this will-s not high on the president-elect's list zandi said they stay in conservatorship and privatization is a solution looking for a problem. >> with so much at stake in the house market right now diana thank you so much. >>> at&t is laying out a plan to free ubiiom llns in catch and double the fiber availability. we'll trade that next. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small bu

. >> you make very strong points for us mark zandi. thank you so much for joining us from doha.back with more news. we have much more on all the breaking news coming out of syria, and we'll do that right after a quick break cnn heroes on all star tribute meet and celebrate the honorees, then find out who will be hero of the year. >> plus, a special tribute to michael j. fox cnn heroes, an all star tribute tonight at eight on cnn i've been worn by celebrities, athletes and world leaders, but i've always felt most comfortable up here with the folks that made me who i am. >> i'm right at home out here on the land and i'm in my lane on the shoulder of the interstate because this is where i come from. i've been showing up here for nearly 200 years, and i can't wait to see what's next. >> hats off to the future. >> nothing runs like a deer precise designs, subtle curves curated upgrades elevated design for thoughtful living. >> therma. >> this is the carry on closet. the suitcase with a one of a kind closet system that keeps you organized anywhere. pack all you need for up to ten days

chris mark zandi, we've got to run. thank you so much. we want to get back to our breaking news coming out of syria, of the missing american who has been found alive outside of damascus. the man you see here in this image that we're going to show you is his friend, mouaz moustafa. you can see him on the right side of the screen. he's going to emerge on the right side of the screen in just a moment. there he is. he is the executive director of the syrian emergency task force. i interviewed him earlier this week. he's now back with us. mouaz, i understand you're on the phone with us right now. i hope that we've got the connection. now, can you tell us how travis is doing? >> he's doing well. he's doing very well. he just got a brand new clothes. he was walking barefoot for about 13 miles, um, before we were able to find him. because the revolutionaries kind of went into the the palestine branch intelligence branch of the assad regime, where he was being held with other americans, have been held in they they freed him. and then all these pri

we'll see, mark zandi, appreciate it as always, from moody's. >>> coming up after the break, the nvidiathe tech giant. we're going to talk to the author of a new book taking a deep dive. >>> a new programming note, a day away from the installment of bc "cities of success. >>> this time we're focusing on the salt lake city economy. that's coming up tomorrow night, 10 eastern time. >>> tariffs are front and center for the incoming trump administration, especially when it comes to china. but how likely would it be that china would retaliate with its own trade sanctions and just how would they do it? and are there companies that investors could turn to that would be immune from trade war melee. tune into our market segment later today on "power lunch" 2:00 p.m. eastern time. we put our heart and spirit into the holiday season. behind every table you set, every gift you give, are local florists, farmers, bakers and makers. who grow and create with a passion. share the joy with 1-800 flowers. >>> nvidia, as you know, is one of the most iconic businesses of the last decade. shares up nearly 27

well, joining us now out of doha is firas mark zandi is the director of strategic outreach and a seniorfellow for the middle east institute. it's good to have you, firas you're a regular guest on this show and as you consider what we have witnessed over the past 24 hours, your assessment of what is going on on the ground and why this is so historic becky, this is a momentous moment, not just for the syrian people, but for the people of the middle east, lebanese palestinians, syrians or otherwise. >> what happens in syria doesn't stay in syria. this is a regime that for over 50 years, under the mantra of freedom, unity and socialism, oppressed tortured and disappeared many millions in syria, half a million are estimated to have lost their lives since the uprising against bashar al-assad in 2011, but also next door in lebanon, where the regime occupied lebanon for many years for hundreds of thousands of palestinian refugees in that country sometimes in the name of defending palestine but there's no doubt that this is a joyous moment for many at a human level level, it's a moment of opport

although the pandemic cost them billions in bailouts for borrowers and mortgage service i spoke with mark zandys would go up 75 to 100 basis points and even more for lower credit worthy borrower he also argues that president-elect trump just wants to boost the stocks for wealthy shareholders like bill ackman. the stocks are already way up since the election, but collabria disagrees. >> important to remember, at end of the day, anything that happens to the shareholders is incidental i don't believe anybody in this administration is looking to help or hurt them. >> he admits this will not be high on the president-elect's priority list. zandy says the most likely scenario is they stay in conservatorship. he added privatetization is a solution looking for a problem becky? >> that's really interesting he thinks it's more likely even though the plan was never for this to happen and here we are 15 years later >> well, zandy think it will not happen collabria think there's a good chance it would be two years from now but he says there's a lot of backing for it in congress and in the new administration.