joining us is robert kaplan, the former dallas fed president. welcome back. it's nice to see you again. >> good to see you. >> our prior guests a few moments ago have doubts that powell can pull this off. do you share those doubts? >> no, i think they have a reasonably good chance to pull this off. meaning a soft landing. first of all, we're running 7% of gdp defincits fiscally. in other words, an historically high deficit at a time of full employment. some of that is higher interest, but some is higher spend lg and that's giving resiliency to the economy. in powell's speech, he made clear they are going to move in september. he left options open as to how much. he made clear they are going to balance employment and inflation. they don't want to letthe job market get any worse. and i do think we're going to find out from the august jobs report there's a reasonable chance that that may be better than people think so i think we have a reasonable chance to navigate this. if the economy turns out to be weaker than i just said, the fed can do more. >> should they

former fed official robert kaplan says powell's next move comes down to the nft data. >> if that jobort is weak, they'll go 50. if it is stronger than people are expecting, which is a possibility, then i think they will go 25. >>> plus, the changing of the guard at apple. the cfo hands over to kevin perez as the tech giant focuses on succession planning while announcing its next iphone event on september 9th. >>> also today, the world's largest bhp beats the street and double it down on copper. the ceo mike henry telling cnbc chinese government support could be a boon for steal. >> we expect we could see a turn around for the property sector in the year ahead. in terms of the overall impact on steel, we should keep in mind steel is still running and we're calling for over a billion tons of steel production in the year ahead. >>> china hits out at canada's decision to hike tariffs on evs, saying it will undermine the global economic system after prime minister justin trudeau becomes the latest leader of accusing china of not playing fair on green tech. >> actors like china have chosen

. >> former presidents officials said that robert kaplan former president a dallas fed said fed tryingew goods thomas hoenig said this, former president trump vice president kamala harris in a tight race for white house 81 days, ago to until next day next door news follow finds 50% back trump 49% back harris economy top issue for voters 57% said personal financial situation is only fair or poor. harris is going to unveil economic agenda today in north carolina to call for quote federal ban on price gouging for food and growers reportedly trying to distance herself from bidenomics fox news peter doocy pressed yesterday. >> -- >> -- vice president harris, for political reasons starts is to distance herself from your economic -- >> she is not going to. >> so jason what about that, if we have an economic agenda from kamala harris, that basically blames of corporate america, for the price increases we've seen and not the reckless spending 7 trillion dollars on watch last four years how does that play out don't -- doesn't that lead to greater inflation. >> absolutely, it looks -- if you look