he will nominate stephen moore.e will have a more conservative voice on the fed, certainly a champion of president trump who has been a major critic of the current fed chairman jerome powell. there are plenty of seats on the fed board. 11 of the 17 support no interest rate increases this year. once again, the big headline of the moment at west palm beach, the president will nominate stephen moore to the fed board could guy: a great -- the fed board. guy: a great guest to talk about that. let's get to the market details. here's dani burger. the tumble that started with bond yields is spreading throughout the market. u.s. yields lowest in a year but at least they are paying you something with 2.44. is this structural or is it a recessionary signal? something that is being debated as the day continues. tightening happening in turkey. surprising the market. today at thealling risk off rally continues. europe and s&p 500 both falling by more than 1%. banks weighing on the major indexes. the only place where i can find po

josh brown makes his case for stocks >>> today, fed fight what's behind president trump's back of stephen moore and what will it mean for the markets here is scott wapner >> welcome good to have you here with us today to debate the stories thus far. we begin with the markets. stocks are falling off their lows investors continuing to watch the move in interest rates it's a tweet from one of our own. there is the tweet you'll hear from the man in a moment no ecb rate hike in 19 probably no rate hike here either the coin flip for a rate cut, china stimulating like crazy you want to be out legitimate question to be asking >> it's a question every one should ask themselves like, you want to go into risk free. you want to go into three month bills and sit there and wait for some event you could do that. what is the negative that this market has not spent the last 15 months pricing in. we're below where we were in january 2018 very long time with no progress. in the meantime earnings has been there the fed took itself off the table. ecb this morning took itself off the table. i understand that led to

whom are named here to speak on the air battles above guadalcanal, welcome stephen moore.applause] moore: we had me for the air portion of this, but i will -- therehis by saying are a lot of different people taking part with the carrier battles and the cactus air force . our challenge at this point was to stop japan from gaining complete control of the pacific. after pearl harbor, carrier aviation came to the forefront, replacing the old-school battleship navy. here are a few images from the day of infamy. island, itle of hells cover the role of the. list dive bombers from this popo of time -- of the dauntless dive bombers from this period of time. 7, the enterprise is coming in on what should be a -- they're caught up in the chaos and about one third are shot down. the results are devastating for the fleet. regroupsprise quadrant quickly and gets back to the business of war. within three days, clarence dickerson attacked the japanese submarine. this became the first combat ship of world war ii sunk by carrier forces. ideally bomber was suited for carrier work. happened to

and i think stephen moore is a breath of fresh air in that respect. >> reporter: so stephen moore is political, saying that he's actually broken with the president on the deficit, on government spending and on steel tariffs, but in that same interview, he says that the president calls him every time he opposes him, every time stephen moore opposes the president on tv. it's that coziness that bothers the economists who believe the fed should be entirely independent. >> all right, thank you very much. >>> and next, jeanne moos takes on trump's tendency to talk about trump. is not a bed... it's a revolution in sleep. the sleep number 360 smart bed, from $999, intelligently senses your movement and automatically adjusts... so you wake up rested and ready for anything. it's the final days to save $500 on select sleep number 360 smart beds. ends saturday. is it to carry cargo... greatness of an suv? or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the mercedes-benz suv family. greatness comes in many

. >>> president trump is nominating his former economic adviser, stephen moore, to the federal reserve of governors. moore helped draft trump's tax proposals in the 2016 election campaign. and has written a book on the president's economic agenda. moore has backed trump's criticism of the president's own appointee to the fed for raising interest rates and phasing criticism however including a former head of the council of economic advisers who wrote an open letter to u.s. senators urging them to reject the nomination and questioning if moore is qualified. stephen moore, who is also a former cnn economic analyst, so a very familiar face around here, joining me right now. so stephen, congratulations on the nomination, but at the same time, this must feel very awkward, because you are also referring this criticism from some in the economic arena. so how do you respond to the critics who say your background doesn't qualify you to be, you know, on the board of governors? to have this job? >> by the way, it is great to be with you, fredricka. thanks for having me on. it was quite an honor to

stephen moore once rates slashed.often the impact of negative rates. slowlyinister mays deal winning over brexiteers but the price might be her job. 30 minutes away from the opening bell. a session that improves with age. futures positive by a single point. treasury yields down three basis points at 2.39 on the u.s. 10 year and the euro former. 1.1270.lar strategists pushing back against the indians the cycle narrative. strategiste has -- pushing back against the end of the cycle narrative. >>

president trump since he is nominating stephen moore to the federal board.et a check of the markets. we have come off of our lows. the nasdaq is now off by only one and three quarters percent. >> we have seen tech in the firing line but banks as well because yields are crumbling. the 10 year yield off by nine basis points. a significant move when you also see in a move between the three-month and 10 year as a sign of recession. >> u.k. stocks having its best drop year to date. have prevented a no deal brexit from happening next week. let's take a closer look at the action. oil rallyr the earlier in the week? that is gone. when you look at oil prices today, wti crude was down as much as 3% at one. it did pay are some of those losses as we head into the settlement but we still ended up with a the worst daily loss that we have seen in three weeks. that is off of the disappointing data out of france and germany. aboves. benchmark traded the $60 mark three times this week but failed to hold the level. i think what you are seeing now is that for a lot of the past

mike: president trump's pick to join -- stephen moore wants the fed to reverse the last two rate hikes which should be 50 basis points of rate increases. traders are starting to place bets that he may get his wish. fed funds futures trading, now of more thanbility 30 basis point cut by the end of the year. eurodollar futures are signaling that traders believe cuts are ahead. how rightue looked at they are, these traders, when they make these bets. it turns out especially with euro dollars, they very often are correct in anticipating when a cut is coming. he looked at the implied yields on the fifth month eurodollar future, and when they fall below the front month future, pretty much every time a fed rate hike -- a fed rate cut. caroline: let's get back to jason bellecourt and sarah ponczek with as a new york. i'm interested by how much we are hearing about the fed in what that might mean for the dollar. i'm interested in how much people are talking about what's happening in turkey and emerging markets selloffs. is that feeding into sentiment in any way? sarah: it absolutely is. we see

stephen moore is a name being bandied about by the president. saleha: let's ride.d been a long time supporter of president trump, he worked as an advisor on the trump campaign and helped put together the tax proposal, the tax reform proposal, so it is interesting -- the fed, all the members are appointed by political people, the fed appoints them, but the fed is supposed to be independent. you don't look at powell, or you never looked at janet yellen to say that. these are democrats or republicans but now, stephen moore will be the second, and it is out in the open that he is a trump supporter. , shether person, brainerd donated to the clinton administration and was rumored way back when to be one of hillary clinton's choices for possibly treasury secretary. those alliances are starting to come how to read a very interesting time at the fed. jason: indeed. thank you so much to bloomberg's mohsin. it is wait and see time in washington in a big way. againstiminal counts about 30 people in more than two years, everyone is on the edge of what could be the imminent rele

we'll rise into the air under the expert guidance of stephen moore. he is a wonderful writer.

stephen more to the fed. the base could happen another rally at the central bank. our interview with moore is next. is bloomberg. ♪ yousef: president trump's said friday he is nominating former campaign adviser stephen more to be a governor of the fed. speaking to bloomberg, moore discussed the nomination and his view on powell and the central bank. >> he called and asked me to do it. you can't say no to the president, but i was really so -- i feel very privileged, frankly, to have this opportunity to do it. i'll have to go through the senate to be confirmed. it's a long road ahead, but he said i have full confidence in you and i worked with him in the campaign. a longtimeed, you're supporter of the president. as you say, you've got to be put through to be put into the role and accepted. do you worry that you might not be deemed independent? had an: no, i've always independent voice. people can look at my record and i consider myself a growth talk. so i think what i will really try to pursue and persuade the chairman of and work with the chairman to china to make sure america grows as fast as it ca

why are critics afraid of stephen moore and should they be?p the fire going for another 150 years. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪ charles: president trump tapping fellow fed critic and former economic adviser stephen moore to join the federal reserve board of governors. he's already getting attacked by the mainstream media as an unqualified trump loyalist. in fact, bloomberg says quote, this isn't a good choice and calls moore a partisan operative and the "new york times" says trump has crossed the line. "the washington post" warns this is more of trump interfering with the central bank. moore for his part promises to be quote, an independent voice. joining me, former university of maryland economist, peter morici. your thoughts on steven moore at the federal reserve? >> i think it's a good choice. the

could someone like stephen moore rip up the playbook and say, let it rip for a while?headlines suggest that he could. he's not ruling out the gold standard or whatever he was saying. it will be interesting to see what his voice brings to the table. he does seem to strike a dovish tone. caroline: we spoke to jim morris a little while ago and we will be bringing in more on his hawkish perspective in the next section. we thank brian and gina. up, pmi problems in the u.s. and the eurozone. we are talking manufacturing. this is bloomberg. ♪ caroline: warren buffett has made a correction that raised the idea he made by an airline. last year he said he wouldn't rule out owning one. buffett hasn't always been a fan and he had a problematic investment with usair. employees in the u.s. received a major share of the bank's bonuses this year. the german lender is trying to retain top performance after cuts in the investment bank. deutsche bank set aside $2.2 billion for bonuses, down from a year ago. top management received their first bonuses in four years. citigroup is cracking

now we also learn that according to court records, stephen moore owes more than $75,000 in unpaid federalloomberg, moore's wife says the issue stems from his 2014 tax return in which he accidentally claimed the sum of his alimony and child support payments when only alimony is deductible. what's your opinion on this pick? >> i'd like to back up and talk about the fed. the fed is one of our great institutions both in the way it operates and its importance. the supreme court used to be like that. we had the brown board of education decided, roe v. wade and then you get to bush v. gore and 5i-4 and we all know what's happened since then. presidents have picked really sensible, thoughtful, serious, mostly nonpartisan conservatives to serve on it, very few dissents, very little acrimony and stephen moore would really be a dramatic break from that tradition. he would be the first person i can remember put on the federal really for political reasons because donald trump wants to punish jay powell, his own nominee, because he felt powell was too hawkish back in december. so we're now presented wi

reserveive federal nominee stephen moore thinks the central bank should cut interest rates by half a percentage point, a position well out of line with other policymakers. with aet you started quick check on the major averages. we see u.s. stocks under pressure, treasury yields under pressure. of course concerns over the economic outlook. the dow reversing two sessions of losses to 5.3%. every sector on the s&p 500 is in the red. %. losses to 0.3 euro-dollar unchanged but we are seeing pressure for the british pound as -- not pressure but upside for the british pound, up .2%, especially after we got the latest headlines that prime minister may is planning to step down before the second stage of brexit. amanda: of course, other boats still to come in the u.k. parliament that will be market moving lightly as well. we will watch all of that. something in the next for the treasury market, talking about inversion this week, what that signals. take a look at this in the terminal, showing you the degree of volatility in treasuries relative to equities. that spike in the white line is your t

stephen moore is being put forth for the fed.re, nice conservative economist, but talking about a 50 basis point cut, personally, once again, i know you're not going to talk about the fed, but is it really wise to be saying these things if you want to be on the fed, conservatism on the balance sheet is a good thing, on policy is a good thing, but who knows what lies ahead. your final thoughts. >> right i think as the process moves forward if steve ends up being the nominee he'll have good explanations for his positions and you're right he's gone through his career being a pundit and having really interesting things to say about a whole range of topics, but as a nominee you have to be more careful about every little word that you utter and he'll start pulling back his op-eds and preparing for confirmation should that arise. >> excellent chairman, really enjoyed our conversation. >> great to be here. >> i would like to have you back as we get more fundamental economic data moving forward sara, back to you. >> thank you, rick, very

stephen moore was out there two days ago. >>> coming up, stocks having their best quarter in a decade but health care is hanging out the traders will tell you which of the biggest losers of beaten down buys. >>> wells fargo initially jumping after tim sloan said he was stepping down. but the stock is falli tngoday much more "fast money" right after this >>> welcome back to "fast money. health care is flat lining this year the group is the worst performing sector in 2019. this after it was the best performing sector in 2018. check out some of the sickest stocks p biogen the biggest loser we thought this would be the perfect time to play one of america's favorite games, trade it or fade it. all right. i think we understand the rules by now it's been a while. so guy, we're going straight to you. >> love this game. >> biogen down 21% trade it or fade it. >> trade it means i want to buy it, right? i'm just making sure, melissa. trade it, mel! >> very good, guy. >> what are you, nuts? that alzheimer's thing, that was huge for them and, yes, it was huge for them. but i said it a couple of we

the president announced his plans to nominate steven moore stephen moore. moore says he is unfamiliar with monetary policy making. >> i'm kind of new to this game frankly, so i'm going to be on a steep learning curve myself about how the fed operates, you how the federal reserve makes its decisions. and this is a real exciting opportunity for me. so it is hard for me to say what even my role will be there assuming i get confirmed. >> moore's nomination has raised concerns given his previous comments about the fed. he has called it a swamp and the close relationship with the president, the fed is supposed to be an independent body. there are currently two vacancies on the seven member fed board. the president is are considering former pizza executive and republican presidential candidate herman cain for the second open seat. the nominations would have to be confirmed by the senate. >> so we have a former coal lobbyist running the epa and someone not familiar with fed po policy on the board of governors? >> some people think that he was being self-deprecating,

capitol hill senator minority leader chuck schumer bashing president trump's latest fed pick, stephen mooret doesn't have the right stuff to join the federal reserve's board of governors. >> mr. moore doesn't have the background, he's a politician. he's political he's always wanted cut taxes, cut taxes, cut taxes he's one of the reasons we have such a big deficit right now because of his advocacy. >>> chicago officials calling the decision to drop all charges against actor jussie smollett an outrage. the mayor and chief of police holding a brief news conference after the decision. >> he did this all in the name of self-promotion and he used the laws of the hate crime legislation that all of us collectively over years have put on the books to stand up to the values that embody what we believe in this is a whitewash of justice >>> you are up to date that's the news update this hour, wilf, sara, i'll send it back downtown to you. >> sue, thanks very much for that. >>> mike is over at the telestrator with today's mystery chart. we teased the aspect of it you'll have to give us a clue. >> i will

you had stephen moore saying he wanted in immediate rate hike.p right after that comment. in the same conversation, he also said he is not too familiar with monetary policy. you are starting to see bonds right now steady. that yield curve is flattening. that is a warning signs for stocks. it is yet to be seen if that will materialize or not. vonnie: all right, thank you for that. the -- ofott gecas at the prosper trading academy at the cme for us. guy: this is the picture for european markets at the moment. the banks are where the weakness lies today, particularly for some of the nordic banks. more broadly the market is higher, up by 1/10 of 1%. dollar-yen always a useful risk guide, giving us an idea of what is going on. we continue to see weakness in some of the chinese markets. we saw another negative session overnight. trade story front and center as we see ambassador lighthizer and secretary mnuchin arrive for trade talks. in terms of the stock performance is in europe, banks generally trading lower. we continue to see a very strong -- four

. >>> we have been expecting the official word on a potential nomination of stephen moore for the federal verreserve board of governors. president trump said he does expect to nominate him >> i will be nominating mr. moore for the fed. you know what i'm talking about. he'll be great on the pefed. >> i'm told that steve moore has been officially offered the job but has not been vetted. that's a process that has taken months depending on what they need to look into. one thing we know is the president is a low interest rate guy. steve moore is also a low interest rate guy. he made comments about how the fed had been tight and too tight and previous rate hikes had been a major blunder in his view. he was an adviser to the president's campaign on economic issues on tax reform and the likes are something that people will try to be figuring out exactly what the composition of the the fed going forward will be and what steve moore's addition will be >> thank you interesting in and of itself that in the last 24 hours you had the president take another shot at powell saying if it wasn't for the rat

i don't know that there will be that much political capital to try to fight stephen moore who wants toates. independent, for example. i don't know that they care that much. a --: is there already when it comes to how much the markets have priced when it comes to further easing? sassan: yes. i think powell would hate that answer. in january, after the meeting, and given the sharp pivot that the fed did from the december rate hikes to the more dovish position. times asked two or three about this by journalists. i thought this was one of the areas he could have communicated a lot better. or he communicated it very poorly. he could have said it is part of our financial conditions and so on. more importantly, i think they need to explain why they are pivoting so dramatically, and it is not just because of the financial markets. it is a part of that, clearly. i think the markets rightly feel that way happened in december really scared the be jesus out of policymakers. they don't want it to happen again. in thewe are so late cycle, but there still seems to a pretty hefty part of the market th

liz: we're following other developing head headlines, president trump said he will nominate stephen moorency as the federal reserve. former trump campaign economic advisor is currently a visiting fellow at heritage foundation. >> tyson food recalling 35 tons of frozen chicken strips over possible metal contamination, produced november 30, 2018, also look for the package i.d. number p7221. >> early yee this year, tyson recalled 18 tons of chicken nuggets over possible rubber contamination. >> papa john's naming shaquille o'neal to its board, paying him 8.25 million bucks over 3 years as a brand ambassador. papa john's has been struggling. since schneider used a racial slur on a company conference call. >> nasa of astronaut walk outsie of the space station, replacing old batteries on the solar panels. >> coming up, we told you morninmonthsago this was cominge house pushing back against mum multiple house committee probes. >> and the president cracks down on colleges and crippling true tuition. bernie sanders and other democrats still pushing the opposite, free tuition. for the same abusive

keep in mind you can often see stephen moore on this show, he is a frequent guest. issues that happened that we can talk about, the dow. here's a story from cnn business who reports that the dow fell 460 points on friday after a u.s. recession indicator blinked red and a report on german manufacturing raised concerns about europe's most important economy. the index of one point 8% while the s&p 500 closed out at 1.9%. 5%.nasdaq plunge two point the worst performance for all three major indexes since january 3. once again, the phone lines are open for you to talk about any issue that happened in washington this week. , in ohio, onzabeth the democratic line. good morning. are you there? caller: yes. they should get rid of trump. i'm 86 years old, i've never seen a president like him in my life. people, orespect for anything else. cusses over the phone in front of the kids, you know there are kids watching, and he should be out of there. vincent, ingo to pennsylvania, on the republican line. good morning. caller: good morning. thank you for taking my call. i was hoping

. >> sunday on american history tv, author stephen moore talks about the importance of american dive bombers and their role in the fight against japan. here's a preview. >> so the battle for guadalcanal was the beginning of the end for the japanese on the island. as we know by celebrating today's date, it didn't happen immediately. there was another few months of pithing that went on before the japanese did their withdrawal but it was a major victory for the u.s. as far as the first major island offensive in the pacific war. the dive bombers in the contact us air force played -- cactus air force played a huge role. in the months prior, they'd carried on two bats on edwardal canal and made attacks on numerous ships. gibson, that dive bomber reflected on what they'd accomplished there by helping to turn the tide. quoting him, he said midway was not the turning point, nor did we have superiority over the japanese after midway. we didn't have air superiority until november of 1942. i have to agree with him. midway was a huge victory but his was a big tide turner at guadalcanal. >> learn

we have now done that with stephen moore.nly one governor but he is plainly very much attached to is anump agenda and that important signal for the markets. you can half and half about the feds, but what he continues to does note people suggest he wants changes. he is now suggesting he does want to shift the way the fed behaves. i would think, as many others would think that is because he wants to get reelected. vonnie: the last time you are on we were talking about your brexit monty python circus column. we just spoke to tina fordham of citigroup about this existential crisis. it seems monty python has gone full "the meaning of life." how does this get resolved? question, inew that am happy with my job, but maybe there was something else i could be doing. , ibig punch -- my big hunch watched the main channels news programs on the amazing both we had in the commons. neither of them ever once mentioned the words violence or irish. if it was not for the issue of northern ireland we would have a brexit deal that would have passe

least one prominent republican economist is calling on the senate to block the appointive stephen moore heritage foundation fitcial, they say, is not for the position. there is speculation that boeing software could up and did to two max 8 crashes. theresa may's cabinet is reportedly pressuring her to pick a date to step down. said theyry secretary would leave without a deal if that is necessary to ensure brexit. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. president trump is claiming victory after the special counsel found no evidence of collusion with russia. attorney general william barr has and there could be more to emerge from the mueller report we don't know. reporter: that's true, but it is a day for the president to take a victory lap. he's had this issue of collusion hanging over his presidency to the inauguration. he's been the subject of a massive amount of investigation. he didn't get indicted by bob mueller, and his children

now, we do have more breaking news on stephen moore and the federal reserve. as been busy this morning. apparently steve moore has been offered a post at the fed and he accepted, we understand. but he has to get through the clearance process, as we know it's pretty extensive so nothing about this is final. if that goes through, with no hitches, steve moore will be nominated to the fed. by the way, there's another spot open that blake mentioned. the white house looking at other candidates. herman cain's name has come up quite frequently. stuart: wonder if either will still come on the show if they're on the federal reserve. ashley: i would hope so. stuart: i've got to get this in. very important story here. the epidemic of robocalls, everybody gets them. even the ceo of at & t got a robocall while he was speaking at a recent event. at & t and comcast and congress, they're working together to come up with a solution to this. jackie heinrich is with us from the fox news channel. what are they trying to do? >> they are trying to make it a punishable crime for the f

. >> so stephen moore is looking at the positive take aways from the positive job numbers. >> the good news is, if you're a worker, it is an extremely tight labor market. anybody looking for a job, there's a lot of opportunities. one of the reasons we go the low number, employers are running out of workers to hire. >> that's absolutely true. running out of the right workers or the right skill set to hire. we have a one million job gap in terms of the number of people looking for jobs and those trying to fill positions. >> we need more matching is what you're saying. so what fills in the gap? is the government going to step in with training? we're in a sweet spot for jobs right now. >> the best job market in 50 years. to fill that sweet spot, it's about training and maybe we need to look elsewhere and have a broader scope in terms of who is right for those positions. we need a college degree. not in this era of mark zuckerberg and bill gates. >> susan li, the fox business network. thank you. >> good to see you. >> new concerns about the situation at our southern border, specifically nea

viviana: bloomberg's learning president trump is considering stephen moore.trump campaign and is from the reagan administration. he's close to larry kudlow. concerns that italy is getting closer with china and president xi jinping. toorrow, italy will sign up the belt and road initiative, the first g7 country to do so. critics say the infrastructure project allows beijing to change the project for leverage -- trade the project for leverage. administration is downplaying chances of an imminent trade deal with china. steve mnuchin and robert to beijing for talks. officials say it is unlikely there will be a deal until trump and xi jinping meet. that may not happen until april. global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. taylor: and another big story we are following is the trade talks continuing between u.s. and china. mark burgess of columbia is still with us. if we go around the captain's again about getting a trade bill or

scarlet: president trump announcing plans earlier today to nominate former campaign advisor stephen mooreo the federal reserve's board of governor. mr. moore is also a senior fellow at the heritage foundation and co-author of "trumponomics: inside the america first plan to revive our economy." michael: he suggested that chairman jay powell be fired and the rest of the federal reserve should be let go for monetary policy incompetence. you called the fed "the swamp in washington." are you going to be able to work with these people? mr. moore: you know, that was probably written in a time of anger. and by the way, i think everyone would now acknowledge that what they did in december with the rate increase was a very substantial mistake, and the fed has, thank god, reversed that and changed directions with respect to the rate increases. so, look, no. i think -- i have never actually met chairman powell. i look forward to working with him. i know he wants high growth. he can be a hero if we get our monetary policy right. at the same time, we have these very strong, you know, pro-growth measure

stephen moore is out at cnn, as you know, because he's up for a fed seat.reporter is joining the state department in a key role, and mark shore who was at the white house and joined cnn and now back to the white house. just four examples of the revolving door. even though it does spin around and around, there hasn't been much openness, we've seen. and that's not just at the white house. of course, it has been 20 days since the last white house on camera press briefing. remember these used to be held daily and now they're monthly, if we're lucky. it's not the only place with a lack of briefings. at the pentagon it's been 304 days without an on-camera briefing. why is that? what it going on over there? let's ask barbara star. barr barbara, i didn't know there was a black out for so long. >> reporter: more than 300 days. the last on-camera briefing by a pentagon spokesperson was last may. last year. and so what has happened here is they have shifted of their own free will in this administration to off camera briefings. we have people who come down and conduct

first stephen moore. 20,000 and i know there are other circumstances as allison explained there. does this give you any concern of a slowing economy. >> yeah it does. economy is slowing a little bit. no question about it. we have 4% growth in the summer and slowed to about 2.5% and now to a little less than 2%. so there is good news and bad news here. the bad news is this is way below the number of jobs we expected. the good news is, if you are a worker out there. allison put it very well. it is an extremely tight labor market. there are a lot of opportunities out there. i think wuch of the reasons jim we got this low number because literally employers are running out of workers to hire. one other quick statistic. there is a measure of unemployment that includes people that could be working or can't find a full-time job. and that unemployment rate austin fell to the lowest level i think 20 years. so it is good -- by the way wages are up too. tight labor market now. >> but you heard that there austin. steven saying looks like the economy may be slow. do you agree? >> for sure the

lower mortgage rates president trump confirming in just the past hour or so he will be nominating stephen moore to the federal reserve. with markets under a ton of pressure let's get to bob pisani with more on all of this at the new york stock exchange. >> what happened to our rally? remember yesterday we were all happy. we were at the top of the market 2.4% from a historic high on the s&p. what happened? what happened is we got mugged by slower global growth again. so remember the bull narrative the fed and the central banks have our back. good news. tariffs will go away good new chinese will stimulate their way out of a slow down and the europeans, this is the bottom of the lousy economic numbers. we have a dovish fed that's now priced in to the market the president has made it clear there may be no immediate reduction in tariffs and the european manufacturing data, you heard from kelly particularly germany, so bad that the ten year bond yields over there went to zero. here in the u.s. the ten year three month curve is varying and triggered big concerns for a recession in 2020. here's the bot

stephen moore, do we have a loose cannon the fed wants to cut rates. >> it's not a rumor, he had it. >> but the rumor that the fed would go through and do this, you're right people are contemplating whether the fed cuts once or twice the fact we're doing that is very different than a month ago. the things i'm encouraged about. today's trade data indicated exports were up significantly to europe for everybody looking for a rebound and some response to, hey, i think we're through the worst of the growth fears, i think that's something some of the risk indicators you could be looking at, u.s. leverage index acts fine the places where you really get concerned, emerging markets and semis have been battered over the last five days caution there. >> dan, as long as rates, though, remain low and at the top of the conversation, doesn't it put somewhat of a cap on the rally? >> it might, but i think at this stage of the game with rates going where they are from the 10-year yield at 3.75 to where it is, it looks like it's going to be to 2%. that's not particularly bullish. so he asked me, not y

and talking to, you know, stuart varney and people on this show saying cut rates immediately and stephen mooreuest on this show who may very well be at the fed soon, also says the same thing. what camp are you in? i personally think that would scare the markets. what do you think? >> i think mr. kudlow actually is correct in some ways because we looked at the inversion of the ten-year versus three months, and the last eight times this happened, seven out of eight is because the three-month jumped up. liz: wait. can i interrupt you and say many times that this happens, it precedes a recession. i want our viewers to know that. go ahead. >> yes, that's right. precedes a recession but it's because the fed's intentionally raising rates, the three month jumps up because the fed is trying to put the brakes. i don't think the fed was trying to slow the economy in december. in fact, we got this inversion because the three-month, you know, if the fed didn't raise in december we would have a normal curve. i'm sympathetic to the idea the rate cut might be appropriate. liz: i'm looking at lyft. looking at

the president announced his plans to nominate stephen moore. moore says he is unfamiliar with monetary policymaking. >> i'm kind of new to this game frankly, so i'm going to be on a steep learning curve myself about how the fed operates, how the federal reserve makes its decisions. and this is a real exciting opportunity for me. so it is hard for me to say what even my role will be there assuming i get confirmed. >> moore's nomination has raised concerns given his previous comments about the fed. moore blasted jerome powell for raises interest rates saying they should be thrown out for economic malpractice. there are currently two svacan y vacancies on the fed board. an independent body of course. the president is are considering republican presidential candidate herman cain for the second open seat. the nominations would have to be confirmed by the senate. very rare to see somebody nominated and then do television sb interviews. so a lot of buzz. >> and acknowledged a lack of knowledge. >>> ahead, the struggle to cope with mass shootings has c

. >> president trump is nominating former campaign adviser stephen moore to steve on the board of governorsis likely to face steep opposition from democrats. co-author of trump's tax plan during the campaign moore champions the president's economic policy and urged the president to fire federal chair jerome powell calling his decisions a financial mistake. moore's comments mirrors trump who blamed powell for hurting the my. powell declined to comment on the president's criticism but defends the fed's nonpartisan decision-making. businessmen and former republican candidate herman cane is under consideration. >>> much more on reaction to robert mueller's findings. top democrats say it raises more questions than answers while top republicans are taking a victory lap. >> u.s. back forces in syria say isis has been defeated. it has reportedly fallen. we'll have those details coming up next. i'm 53. but in my mind i'm still 35. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. because i'm made to move

josh brown makes his case for stocks >>> today, fed fight what's behind president trump's back of stephen moore

i mean, it's silly to play into trump's hands and stephen moore's hands, all these other people tryingpaint the democratic party as you know this entity that's trying to turn us into the soviet union. that's not the argument, that's not the debate we're having. the debate we're having is what kind of roles are important in various kind of marks, including healthcare, including education. >> the two industries that are most dominated by government in america today are education and healthcare. and that they are both financially in chaos. the education system stinks. the healthcare systems are out of control. it's curious to me the two industries most dominated for government are the ones that are in the worst financial shape. they are providing a service. >> if you look at what people want. they're hoping the government will intercede to get costs down. not to increase costs. if you look at the actual polling out there, what people care about, can they get access to affordable healthcare and can we bring down costs? to pretend unleashing some, taking all rules off of this system and tha

that was stephen moore being wrong about the state of the economy, but being wrong a lot has had fewonsequences for moore, although he holds the distinction of being banned from the pages of one midwestern newspaper for using misleading numbers in his writing. he recently wrote an op-ed insisting that the fed is a threat to growth and apparently larry kudlow showed it to the president and he responded, why don't we make him fed chair. now the man who is said to not have the gravitas for the job is up for senate consideration. he has even called for the firing of current fed chair jerome powell and the rest of the fed board. now that he is poised to join them he doesn't sound so expert anymore. >> i'm kind of new to this game frankly, so i'm going to be on a steep learning curve myself about how the fed operates, how the federal reserve makes its decisions. it is an exciting opportunity for me. for me >>> these are pictures of the air force base in nebraska under water. several buildings remain submerged after a large portion of the runway flooded last week. preliminary estimates to f

next, on american history tv, stephen moore gives an illustrated talk on the importance of american dive bombers in the guadalcanal and their role in japan. is the author of the battle for hell's island. of a50 minute talk is part daylong symposium on the battle of guadalcanal, hosted by the national world war ii museum in new orleans. >> welcome back to our guadalcanal symposium on the anniversary of the end of the guadalcanal battle. we have looked at the land fighting and the naval battles, in around guadalcanal, two fantastic presentations. now we'll rise into the air with the expert guidance of stephemo

the harvard professor says stephen moore is not qualified to be a fed governor.eritage foundation official also served as economic advisor to the trump campaign in 2016. theresa may's cabinet is reportedly pushing her to 90 dates she will step down. bloomberg learning some believe this will actually help the prime minister win support for her brexit deal. her trade secretary says he would leave the european union without a deal if that is necessary to avoid canceling brexit. tonight the house of commons votes on next steps, including the attempt of parliament to seize control. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. the: "the guardian" saying petition to revoke article 50 is now over one million signatures. carol: it would be interesting if you did devote all over again. when we ultimately see something different? i don't know. alix: that is a good question. we are also waiting for the house of commons vote tonight on the nex

stephen welcomes julianne moore, thomas lennon and musical guest bebe rexha, featuring jon batiste anday human." live on tape from the ed sullivan theater in new york city it's stephen colbert! ( cheers and applause ) ( band playing ) >> stephen: beautiful! beautiful! thank you! please, have a seat, everybody! ( cheers and applause ) whoo! thank you very much! welcome to "the late show." i'm stephen colbert. it's good to be back. i miss these good penal. i miss you all. we've been off. trum week so great becau oooh, oooh, the news cycle road him hard and put him away wet. ugly. ( laughter ) here's the thing: i kind of unplugged from the news cycle, then i kind of like take little sips a couple of days before i come back in just to reacclimate myself, couple sips of poison so it doesn't kill you on the day back. and the first indication i had that the orange man was feeling blue was the historically-long and epically-weird speech he gave saturday at the conservative political action conference or d-bag. ( laughter ) is that what it is? it's an acronym for that. ( applause ) the crazy be

for the several -- federal reserve says the fed should cut interest rates by half a percent , stephen moorerong to raise rates. he called the latter hike inexplicable and tells the u.s. he will not be a sycophant for president trump. trying to move past fraud allegations but unable -- criminal probe in singapore. the company views the issue is closed and says everything is on the table, and the market now has full transparency. >> yes, there have been some findings and we are addressing them. i think we already have implemented very strong additional oversight measurements. strengthhe says their should come back into focus. shares remaining 25% below where they were before fraud claims surfaced. kiwi tumbling after the central bank will cut. a global shift away from higher interest rates, investors are bracing for a 25 basis point cut. the u.s. central bank signal that may not raise rates at all this year. notu.k. gender pay gap is explained by 10-year, location, or role. could not bege gap explained by these factors and could come down to workforce bias. female workers on average learning

jimmy, i imagine, is much more critical john, first to you why are you out in support of stephen mooreteve and worked with him for many years. he has a very sound record on things that would concern your viewers, tax cuts, deregulation, a concern about the engine of growth in our economy and how to boost that ten years after the great recession. and in addition as to whether or not he's qualified, most of the criticism is that he doesn't have a phd in economics. the chairman of the fed, jerome powe powell, doesn't have a phd in economics and most of the chairmen haven't had a phd in economics. one voice at the table i think the fed is self confident enough and probably has enough of an institutional ego that it can take one house critic inside its building who might say, you might be doing something wrong. remember, the fed in december, you know, finally admitted we made the mistake about interest rates. they had scheduled two interest rate increases in 2019 those are all gone the fed needs to be watched and criticized and audited. >> jimmy, do you think the reaction has been overdone