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Speaker 1: Right state side, Richard Dardel, morning, what do you widen

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Speaker 1: out in the bat? I assume he sees the FED

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Speaker 1: movers good for him and Kamela.

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Speaker 2: Absolutely, the economy is the biggest presidential campaign issue. We

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Speaker 2: hear that all the time. So Biden is claiming now

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Speaker 2: that the economic recovery has reached a long awaited turning

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Speaker 2: point in speech to the Economic Club of Washington, saying

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Speaker 2: that there's been significant progress. But he did not say

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Speaker 2: Mitchell a published, which, of course George W. Bush did

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Speaker 2: infamously during the Iraq War, putting up that big zone

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Speaker 2: on the aircraft carrier just before the fighting got really bad.

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Speaker 2: This time, the Dow has spike by more than six

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Speaker 2: hundred points for time. Dropped down a bit lower now,

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Speaker 2: but it was up at a new record high, which

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Speaker 2: doesn't quite gel with the Trump claims that the Harris

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Speaker 2: Biden teamer overseeing the great economic collapse. Biden said, as

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Speaker 2: you said before, that when he began his term, the

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Speaker 2: economy was in strife. Now to the pandemic and with

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Speaker 2: inflation spiraling. Now we have just seen the FED cutting

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Speaker 2: interest rates by half a point, first cuts its twenty twenty,

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Speaker 2: and people have been suffering with that fiscal policy. That's

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Speaker 2: what needs to be emphasized. The high interest rates have

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Speaker 2: cost many who are in the housing market or car

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Speaker 2: buying markets, or paying off debt. It's cost them for

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Speaker 2: years and years with those high interest rates. The Central

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Speaker 2: Bank also forecasts lowering interest rates by another half a

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Speaker 2: point before the end of the year, so all this

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Speaker 2: in time for the elections. President Biden tilted to that

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Speaker 2: today as well. We always believe women should be paid

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Speaker 2: equally for equal work, and there's not a single damned

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Speaker 2: job a woman can't do that the man can do,

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Speaker 2: including being President of the United States America. Well Murdoch

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Speaker 2: shown Wall Street Journal today headline the Fed goes big.

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Speaker 2: Inflation now is down to about two and a half percent.

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Speaker 2: The FED target has been two percent, so getting pretty close. Also,

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Speaker 2: the labor market is softening, so many economists would say

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Speaker 2: this rate count is necessary to stimulate the economy a bit.

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Speaker 2: But this is a significant political boost for the Harris campaign.

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Speaker 2: It would seem Trump is complaining about that, saying the

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Speaker 2: FED movers sheer politics. Still, the FED action is not

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Speaker 2: the call of any single individual. It was an eleven

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Speaker 2: to one vote on the FED panel so this appears

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Speaker 2: to be a soft landing. You could probably say that

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Speaker 2: to this point, although consumers regularly say they are yet

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Speaker 2: to feel it and vote. A sentiment, obviously is what

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Speaker 2: this election will be about.

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Speaker 1: But you ain't in recession, Richard, which is where we

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Speaker 1: are currently now. This fascinating business of exploding stuff and

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Speaker 1: the Americans not knowing about.

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Speaker 2: It pretty wild, isn't it, Anthony Blink? And the US

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Speaker 2: secuity of State is calling for restraint when it comes

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Speaker 2: to this, and the sabotage of those thousands of pages

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Speaker 2: and walkie talkies used by Hasbulla. That sabotage campaign has

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Speaker 2: led to more than thirty people killed and more than

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Speaker 2: three thousand people injured as these devices were detonated in

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Speaker 2: a couple of rounds as they were turned into mini grenades.

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Speaker 2: Former CIA man Bob Bea says this was done likely

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Speaker 2: by lacing the batteries with a small amount of explosives

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Speaker 2: then sending out that blast signal.

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Speaker 1: It's a coded signal that they can just send out.

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Speaker 2: Well, we see the bloody results, do we not? The

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Speaker 2: US as it was told by Israel that some new

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Speaker 2: phase of attacks was expected, but they say they did

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Speaker 2: not know what was intended specifically had no role in this.

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Speaker 2: It appears the devices were altered by a front company

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Speaker 2: in Budapest, although they deny it using technology license by

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Speaker 2: a Tywanese company which denies any role. As well. A

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Speaker 2: UN panelties calling all this a quote terrifying violation of

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Speaker 2: international law. The question is what next? The head of

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Speaker 2: Haswal Hassen Azrala says there will be a quote decisive

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Speaker 2: and crushing response. So calls for peace in southern Lebanon

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Speaker 2: and Gaza seem to be floating in the wind.

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Speaker 1: See you Monday, Maight I appreciate it? Richard Donald stateside

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Speaker 1: by the way, Carmen has got one hundred and eleven

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Speaker 1: Republican former officials endorsing her, not Trump, people who worked

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Speaker 1: for or served under Reagan Bush times one, Bush times

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Speaker 1: two in the letter. We believe that she possesses the

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Speaker 1: essential qualities to serve as president. Donald Trump does not.

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Speaker 1: They decried Trump for sowing daily chaos and government put

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Speaker 1: as personal interests before the country violated as over the office.

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Speaker 1: Former CII FBI director William Webster, former Director of National

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Speaker 1: Intelligence Negroponte, former US Trade Representative Carla Hills Robert Zolik

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Speaker 1: one hundred and eleven of them.

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Speaker 2: For more from the Mic Asking Breakfast, listen live to

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Speaker 2: news talks it'd be from six am weekdays, or follow

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Speaker 2: the podcast on iHeartRadio