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Speaker 1: And Mark on wr.

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Speaker 2: Well, we like to bring in the smartest people around.

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Speaker 2: Now the Breitbart Business Digest that is must read every day.

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Speaker 2: All the top economists, business people all read it religiously

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Speaker 2: every day. Breke Bart Business Digest. Sign up for it.

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Speaker 2: You can get the daily newsletter coming write to you

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Speaker 2: Breitbart dot com and then go to Breitbart Business Digest.

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Speaker 2: The guy that edits it and writes all this brilliant

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Speaker 2: stuff is with us, John Carney, How you doing very good?

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Speaker 1: Mark, trying to stay warm and out.

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Speaker 3: Of the snow.

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Speaker 2: Well, it's good. It's not easy nowadays. Hey, let's talk

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Speaker 2: about Minnesota. Now, you got silly governor and mayor, but

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Speaker 2: you got major corporations in Minnesota, Minneapolis, where are they

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Speaker 2: in all of this?

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Speaker 1: So it's very interesting. A bunch of them sent a

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Speaker 1: letter calling for de escalation. And one of the things

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Speaker 1: that they didn't do though, is really it's specify what

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Speaker 1: they meant by this. It seems like they're calling on

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Speaker 1: the Trump administration to back down, but that would be

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Speaker 1: a disaster. The fastest way to de escalate what's happening

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Speaker 1: would be for Walls, the governor, Ellison, the attorney general

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Speaker 1: to actually stop doing what they've been doing, which is

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Speaker 1: resisting federal law enforcement, and start cooperating with it. And

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Speaker 1: I think, really that's.

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Speaker 3: What the businesses in Minnesota should actually.

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Speaker 1: Start calling, and businesses around the country should start calling

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Speaker 1: on the political leadership to begin to cooperate and stop resisting.

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Speaker 1: The only way to deescalate this really is for this

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Speaker 1: to do what's going on in most of the country.

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Speaker 1: Mark most of the country isn't having the problems we're

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Speaker 1: seeing in Minneapolis and Minnesota because I have to do

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Speaker 1: it alone. It's not the it's not border patrol, it's

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Speaker 1: not ICE, it's not DHS. In most of the country,

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Speaker 1: local law enforcement is cooperating with federal immigration enforcement. It's

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Speaker 1: in Minnesota that we're having the problem.

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Speaker 2: So could this have an effect on Minnesota for the

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Speaker 2: next few years. Maybe business is not opening there, not

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Speaker 2: moving there.

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Speaker 1: It could I actually think, Look, we know that when

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Speaker 1: businesses don't like a state policy. We saw this in

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Speaker 1: some pretty horrible ways a few years ago. When businesses

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Speaker 1: don't like the way a state government is operating, they

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Speaker 1: can opt to not do business there, to threaten more

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Speaker 1: or less to boycott the state. We North Carolina faced

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Speaker 1: that a few years ago when it had a policy dispute.

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Speaker 1: I think Kim Cook's Apple was going to pull out,

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Speaker 1: you can. You know, we've seen things like sports leagues

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Speaker 1: threatened and threatened to lead.

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Speaker 3: Some of these businesses obviously can't leave Minnesota because.

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Speaker 1: That's where they're based, but they can send a message,

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Speaker 1: a powerful one and saying, look, this is making business

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Speaker 1: impossible in the state and you need to do something

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Speaker 1: to fix it.

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Speaker 2: Yeah, well, let's hope they do that. Now. The Fed,

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Speaker 2: we don't know what's gonna happen tomorrow as far as

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Speaker 2: the rate, but what do you think?

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Speaker 1: So, yeah, tomorrow's Fed will be interesting. They're not going

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Speaker 1: to do anything in terms of interest rates. But what

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Speaker 1: we will watch for is what they signal they will

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Speaker 1: do in the future, sort of what the path for

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Speaker 1: interest rates are. Right, I'm not sure it matters all

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Speaker 1: that much because this is Jerome Powell's third to last

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Speaker 1: meeting as chairman, and I think the market is going

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Speaker 1: to say, we really won't know how. The Fed's probably

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Speaker 1: not going to cut again. While Powell is chairman, he

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Speaker 1: is in a fight with Trump. He knows Trump wants

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Speaker 1: to cut the interest rate, and he's probably you know, Frankly,

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Speaker 1: it's super irresponsible. But I think he's Jerome Powell's in

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Speaker 1: resistance mode and is not going to cut as long

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Speaker 1: as he's there. So, but we will look for signals

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Speaker 1: for what other people on the FED might be thinking.

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Speaker 1: It's Jerome Pal's he'll hold a press conference, but he

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Speaker 1: may also talk about what the committee is thinking, and

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Speaker 1: that is what people will want to know. Where are

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Speaker 1: rates going?

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Speaker 2: You know?

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Speaker 3: Not?

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Speaker 1: So Powell is there in this meeting, two more meetings

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Speaker 1: after that, But what happens this summer and this fall

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Speaker 1: and this winter.

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Speaker 2: Boy, this guy Powell, he is so bad as Fetchum.

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Speaker 2: Remind me again, how did we get stuck with this guy?

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Speaker 2: It was trump to pick.

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Speaker 1: I mean, yeah, he was Trump's pick. There were better picks.

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Speaker 1: Trump listened to the guy who is his Treasury secretary

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Speaker 1: at the time, Steve Maninchen, frankly gave him batt by.

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Speaker 1: Powell was a Republican, but he had been at the

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Speaker 1: FED for quite a while already. And it was between

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Speaker 1: Powell and a couple other people. Trump had meetings with

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Speaker 1: all of them, and palells. We talked Trump into believing

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Speaker 1: that he would be good. It's been a disaster. And

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Speaker 1: it's not just the monetary policy. If you look at

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Speaker 1: the number of FED officials who have had to resign

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Speaker 1: under scandals because they violated ethics and trading rules at

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Speaker 1: the FED, or some of them may not have violated

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Speaker 1: the rules but came close enough that it became a

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Speaker 1: big deal and they were forced to resign. We haven't

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Speaker 1: really seen such a scandal ridden Federal Reserve in its

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Speaker 1: entire history. So Pale's been a bad job. He's run

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Speaker 1: a dirty shop. He should step down. Frankly, it would

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Speaker 1: be great if he were announce tomorrow's stepping down, but

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Speaker 1: that's not in the cards.

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Speaker 2: He's of the economy.

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Speaker 1: Kind of that's perfect. He is the fauci of the economy.

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Speaker 1: The good news is Trump is going to get to

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Speaker 1: name a replacement. He may do it this week. In fact,

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Speaker 1: they've indicated that that Trump's announcement's going to come out.

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Speaker 1: If I were Trump, I do it tomorrow during Palas,

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Speaker 1: step onto the guy's you know, press conference, and say

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Speaker 1: that's it. Don't pay attention, I'm announcing the new guy.

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Speaker 2: Well, it's always been down to these two. Kevin's Kevin

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Speaker 2: has Kevin Walsh, who everybody likes. But there's a third

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Speaker 2: guy that all of a sudden popped up in the mix. Here.

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Speaker 2: What's his name, Reiner or whatever his name is.

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Speaker 1: Look, yes, Rick Reder, who is a Wall Street guy.

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Speaker 1: He's is smart, he knows markets very well. He isn't

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Speaker 1: at the Fed and hasn't ever been that that I think,

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Speaker 1: from Trump's point of view, is a plus. It's a

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Speaker 1: little weird to consider him an outsider because he is

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Speaker 1: a deep Wall Street insider in many ways. He also

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Speaker 1: has a history of donating to some fairly left wing

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Speaker 1: Democrats Sharon Brown of the Where that I think may

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Speaker 1: trouble some of the you know, the the Trump administration.

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Speaker 1: They may wonder is this really the right guy? But frankly, look,

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Speaker 1: how was a Republican. He looked good on paper. So

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Speaker 1: I'm not upset if if they're thinking a little bit

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Speaker 1: more broadly about who to a point.

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Speaker 2: Yeah, but this guy sounds like another power with those

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Speaker 2: left wing crazy donations back then, another wolf in sheep's clothing.

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Speaker 2: I hope President Trump learned his lesson go with the

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Speaker 2: safer choice.

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Speaker 1: I think.

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Speaker 3: Yeah.

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Speaker 1: I also hope Trump they should really be questioning him

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Speaker 1: very closely in a different way that they than they

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Speaker 1: would question, say, Kevin Hassett. We know where Kevin Hassett stands.

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Speaker 1: We really need to know more about how Rick Writers

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Speaker 1: is the world and my minitary policy. I think that,

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Speaker 1: you know, I'm pretty confident, Look Secretary Treasury. Treasury Secretary

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Speaker 1: Beston is running the vetting process, and I'm very confident

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Speaker 1: that he is asking all of the right questions and

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Speaker 1: so you know, if he's giving the right answers, that's good.

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Speaker 1: But then again, as I said earlier, Powell seemed to

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Speaker 1: give the right answers and it didn't work. So you

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Speaker 1: have to you know, these guys will say anything to

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Speaker 1: get you know, it's the most powerful, it's one of

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Speaker 1: it's arguably the most powerful position in finance in the world,

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Speaker 1: and one of the most powerful positions anywhere, you know,

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Speaker 1: second to the US President, but not that far in

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Speaker 1: many ways, I really hope that, you know, people will

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Speaker 1: say anything to get the job. So I hope they're

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Speaker 1: being very, very careful about this appointment.

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Speaker 2: John Corney, Breitbart Business died just one more question. If

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Speaker 2: you watch your CNN or MS. Now, we're in a

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Speaker 2: economic crisis, affordability crisis, The economy is in real trouble.

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Speaker 2: You're the expert. What is the truth?

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Speaker 1: Yeah, that's not true. The economy is actually doing very well.

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Speaker 1: There are some spots of weakness. The housing market is

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Speaker 1: still weak and that's a problem. But I think the

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Speaker 1: economy will do very well this year. We're actually set

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Speaker 1: up because we're getting so many things coming online all

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Speaker 1: at once. We'll get tax cuts later or sorry, we'll

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Speaker 1: get rate cuts later this year. Once Powell is gone.

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Speaker 1: The tax cuts are coming into play. This is remember,

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Speaker 1: no tax on tips, no tax on overtime. The bonus

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Speaker 1: to appreciation that let business is right off. Capital expenditures

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Speaker 1: is in place already. This is going to be a

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Speaker 1: lot of tailwinds to the economy going in.

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Speaker 3: As we begin twenty twenty six, I think we're set

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Speaker 3: up for.

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Speaker 1: A pretty strong year. Wall Street thinks we're going to

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Speaker 1: grow two point one percent. I think we're growing north

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Speaker 1: of three percent. So, you know, the people who are

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Speaker 1: trying to end in tlation keeps coming down. So I'm

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Speaker 1: not on the side that's very worried about the economy.

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Speaker 1: I think we could use a couple more interest rate cuts.

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Speaker 1: The THG could derail things if they didn't cut, but

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Speaker 1: I'm confident they will later this year.

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Speaker 2: Well, great stuff. Everybody should sign up for the bright

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Speaker 2: Bart Business Digest. Go to bright Bart Business Dies, sign

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Speaker 2: up for the daily newsletter. It's great stuff. And John

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Speaker 2: Carney also see him all over television. He is great,

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Speaker 2: John Carney, thanks for being with us.

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Speaker 1: Yeah, thanks for having me.

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Speaker 2: Mark, take care. Hey, don't forget coming up at noon today,

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Speaker 2: Buck Sexton, Clay Travis, excellent show. Jimmy Fala nine o'clock tonight.

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Speaker 2: You'll love that show, very funny. Oh and of course

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Speaker 2: Sean Hannity at three o'clock, the most listened to radio

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Speaker 2: show on Earth. Hey, when we come back after the

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Speaker 2: news at eleven, Bill O'Reilly will be here.

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Speaker 1: You know.

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Speaker 2: Announsty's taking a little leave for medical reasons, but apparently

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Speaker 2: he's gotten through it. He'll be with us right after

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Speaker 2: the eleven o'clock news. We'll ask him about that. Coming

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Speaker 2: up on seven to ten you oh r