We will meet the victim and his lawyer. They say they are violent militant that need to be investigated by the doj. All that and much more on making money. Charles treasury secretary Steve Mnuchin briefing gop senators today about the debt ceiling budget caps or lack there of. This deal reached with the white house. Several republican lawmakers say they have issues and questions about it. After the details are hashed out, the house and senate will need to vote on the agreement, hoping to do before they leave on the august break. The question at this point how many republicans will back this deal . Here with details of the deal, reaction from capitol hill, hillary vaughn. Reporter charles, this budget deal is not the best of both worlds for republicans and democrats. A lot of lawmakers in both parties are finding some parts of this deal pretty hard to stomach. Why treasury secretary Steve Mnuchin is on capitol Hill Briefing gop lawmakers that have problems with this bill. Several have been outspoken about issues with the budget deal, senator rand paul, chuck grassley, ted cruz and senator john kennedy. Five people made a deal here but there are a whole lot of senators, i assume a whole lot of members of the house of representatives that dont know whats in this deal. The attitude about, about the future debt around here seems to be we dont need to worry about the future. Sooner or later its the past. Reporter here is the deal on the table that House Speaker nancy pelosi worked out with the white house. It suspends the debt ceiling for the next two years. It also raises spending caps by 320 billion, including 22 billion for defense and 27 billion for Discretionary Spending that democrat want but all of that comes with a cost. The committee for a responsible federal budget estimates the twoyear agreement could add 1. 7 trillions to the national debt. White house Economic Advisor larry kudlow on fox admitting that republicans did not get to rein in as much spending they wanted. Senate democrats are not thrilled with the deal even though they got dollar for dollar spending increases for nondefense. At this point i will. Im planning on it. I will take a closer look to see if there is anything that disqualifies it. The alternatives of shutting down the government or defaulting on americas debt are unacceptable. Reporter treasury secretary Steve Mnuchin said on the way in to lunch should be no question about the president s support of the deal. He absolutely supports it. Well see if he signs what Congress Puts on his desk. Neil hillary, thank you very much. For more on the debt ceiling, preview of rate cuts around the world also, including Federal Reserve, bring in natwest managing market managing director, Michelle Barnes and Danielle Dimartino booth. We heard former fiscal hawks say debts and deficits dont matter anymore. Maybe this is proof of it. Kind of a different world were living in. It used to matter every single conservative and every single hawk. It was one of the basic tenets underlying the gop. It is odd to see so much that has been dismissed. But on other hand one thing Federal Reserve blowing up its Balance Sheet buying treasury securities it taught lawmakers there is kind of a free lunch because there havent been ramifications for the fed not being able to roll that debt off of its Balance Sheet which is effectively debt monetizaton. These are words that used to give every republican hives. It looks like it works. Things always work until they dont. Charles michelle, here is the thing. It feels like at least on capitol hill it is christmas for everyone. Everyone got something. We have ferocious appetite for spending on both sides of the aisle. Its a yearandahalf before the election. Thats it. And thats the answer right there, neither side has any appetite to shut the government down, to deal with the debt ceiling crisis. As we look ahead, both side, there is a lot they may like, but there is a lot they can certainly live with. And i think in the end, that has ruled the day, weve seen this before. We saw this a couple years ago, with the first round of the, first budget deal under President Trump where we saw just spending on both sides. Republicans using the opportunity to get the defense spending they wanted. They traded that for nondefense. Here we go again. Like danielle said, there just isnt a cost. The markets are not punishing lawmakers for not showing fiscal prudence and as a result i guess it is not a surprise that both parties, the path of least resistance is to give to get what you want. Charles what helps this, are extraordinary low rates. Foregone conclusion the fed will lower rates, the reason why it is up for debate, you have got lower inflation risk. Sluggish u. S. Economy, global Central Banks racing to the bottom, mounting corporate debt issues and the trade war worries. Danielle, you fall into the camp of being concerned about slow economic growth. Is that enough in your mind for the fed to cutrate . Not necessarily enough in my mind for the fed to cut rates because they have so little ammunition with which to ease Monetary Policy from here but the economy and, it is definitely declaring its need for easing in some form. The longer we keep this yield curve inverted, the more pressure exerted on the economy. As, but the conundrum for the fed, the biggest dilemma facing jay powell and the people who sit around that Committee Table is that weve seen Mortgage Rates drop by 3 4 of a percentage point and we havent seen the traction we should have seen in Interest Rate sensitive sectors such as autos where were seeing Production Cut again. We saw 16 consecutive months of declining existing home sales this morning. So the fed is in a very precarious position. Theyre not getting traction from their actions. Charles 18 months of yearoveryear increases, which one of the streaks has to break first. Michelle, i read a note where you understand the fed is coming from with respect to the fears about being able to arrest lower inflation. Is that a good enough reason to cut and if it is, apparently according to Academic Work williams did, if you do it, do it big, go 50 basis point . Danielle makes food points that the economy is showing signs of slowing. It is not just about growth but inflation short fall. We cannot get inflation up even if the best of times when economy is doing okay and the labor market is tight, you cant get inflation at the feds 2 mandate. Exactly as you point out the work done by new york fed president williams shows when youre this close to zero, rates a little over 2 and inflation not even at your target when the economy is good, my goodness, what happens when the economy slows and you get behind the eight ball on inflation, you dont have a lot of ammunition. Why you need to move preemptively, even when it doesnt seem like the economy is headed to recession. You move now in order to bolster inflation, hopefully orchestrate an overshoot while times are relatively good. Charles ladies, thank you both very much. I mentioned the scenario, Butch Cassidy the sundance kid to my team, only one person knew what i was talking about. That proves im very old. Going out with guns blazing. You heard about the team going over there, to the chinese counterparts, that could influence the fed also but meantime a treasury spokesperson telling fox business he cannot confirm secretary mnuchin is going to beijing next week. Were hovering around there, that u. S. Negotiators heading to china on monday for facetoface trade. Were hearing from mnuchin and others it will happen. Earnings parade continues to go on. Most companies are beating. A lot are beating on revenue earnings and increasing guidance higher. Not just blue chips like coke and united technologies, household names, sherwinwilliams, Stanley Black decker. We have the big tech names reporting later in the week, facebook, amazon, google parent alphabet, the question most people want to know is it too late . I bought in two of the best to answer that. David nelson and david nicholas. Let me go with last names, gentlemen, you will understand why. Nicholas, your thoughts on the earnings season thus far . I think it has been good so far. Everyone is saying there is clouds out there, the storm is coming. We havent seen the storm yet. One of the best things going for earnings season expectations were lower, once you get the beat in earnings that can really push the markets higher. Absent of a trade deal earnings is only thing we have to push the markets higher. There are still verdicts out there but i like what i see. Charles nelson, not just beating visavis lower expectations, these are coming exceptionally low. This may not be the quarter of the earnings recession we were warned the it would be. Names like hasbro just exploding today. On heels of a lot of shorts in this name. This is a company probably old line company probably not be able to compete in this world, actually one of the best performers in the s p 500 for the last decade. Charles let me ask you, this brings me to a question everyone is asking, they ask me all the time, i i want to ask you guys, todays alltime high could be a good entry point a year from now, how do you differentiate. Hasbro i have in my model portfolio. Sherwinwilliams in my model portfolio. These are alltime highs and some people are buying them today. Market time something a two step process. You may get out to avoid a correction but what will be the catalyst to get back in . For most, down 10, 20 charles im not asking about the dip. How many people are waiting for the dip since march of 2009 . Often buying good news is the best you can do. Buying stocks at 52week lows is down there for a reason. Buy stocks breaking. Yeah, if the earnings projections are still headed higher. Charles nicholas, your thoughts on that . Yeah, it does come down to earnings. I would love to see some type of a pullback so we could get a good entry but well probably not see it. If the fed, we all think fed is raising rates, i think they will. Lowering rate, if they dont we might see a pullback. You need companies with solid earnings, continuing to grow earnings and revenue. Youre not concerned if theyre at alltime highs if the fundamentals are changing . You do have concerns . Youre looking for value . If youre retirement investor, 10 years of retirement, you should have concern. Charles lets talk about that, nicholas. On the value side, financials look great, not necessarily for any reason. Parker hannifan up five bucks. Goldmandown graded this to a sell last week. People like yourself saying this is too harsh of a reaction, that there is value here . Value will feed most opportunity going forward. I like dividend payers. If company consistently raising the dividend, consistently strong earnings those are the companies i like to see in our portfolio. The growth plays have done great this year. That is where you have to be careful in the big highflyers. Been great for almost a decade. Charles on that note, lets end on that note, guys, with a minute to go. Big names reporting momo darlings, alphabet, google, infreaking to you . All those big names. The risk is regular haar to. Calls to break up a facebook, even alphabet. I look at company like alphabet. The company i question its allegiance. They seem to have no trouble to work with the Chinese Government to get back into china but they have a problem working with our own military. Amazon is a bellwether stock. A makeorbreak for any quarter. I own the name. Likely will stick with it. Charles nicholas, you have reservation about mow moan mum names . I throw out ford, if youre retiree investor, good out look, 6 dividend, company like ford. Charles full disclosure, that is in my model portfolio, if it breaks 12 bucks. David, i love the suit. Well talk to you. Thank you. Charles most liberals pushing for 15 minimum wage, congresswoman, fellow squad member, Rashida Tlaib upped the ante that minimum wage should be 20 an hour. Were diving into the economic ramifications. He was brutally attacked by antifa. Journalist andy ngo is about to meet lawmakers. Here with his story is his attorney, Harmeet Dillon. Youve done a lot of good for the world. But i feel like you have the potential to do so much more. Can we build ai without bias . How do we bake security into everything we do . We need tech that helps people understand each other. That understands my business. Weve got some work to do. And we need your help. We need your support. Lets expect more from technology. Lets put smart to work. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. [bleep], [bleep] [bleep], [bleep] charles two republican senators introducing a bill to label antifa a terrorist group. To drive the point home journalist andy gno who was attacked by antifa in portland and his attorney are heading to capitol hill. Andy and Harmeet Dillon are joining me now. Andy, share briefly, if you can what happened in the attack those who didnt see i thought was a horrific scene. On the 29th of june i was working as a journalist covering a antifa demonstration in Downtown Portland and i was beaten by a mob of masks of antifa militants. They robbed by equipment. I ended up hospitalized from a brain bleed in the attack. Charles harmeet, you know, i have seen, i dont know, seen composites of potential attackers. Shocking to a lot of people there have been no arrests in this case. Where are we legally with this . Well, we are waiting for Law Enforcement to do their part of the job here which is to arrest these people. Youre correct, charles. A lot of people have been clearly identified. Many of them are repeat players in the antifa scene. Im surprised and disappointed there have been no arrests as yet. But i will suspend judgment until we get further down the road. Charles do you think there is pressure from the Mayors Office or political pressure on the police not to do their job there . I would say not at this point. I think standing attitude of the portland management, City Management is to not do anything to protect the citizens. Weve seen that time and again, because of the National Outcry of as a result of andys attack i think theyre under a lot of pressure now. Im not sure theyre handling it well. Theyre concerned about apologizing, defending the police as opposed to arrest the criminals. Charles there is National Outcry. Some folks say it was a couple of milkshakes. This thing was overplayed. Can you explain the real danger you were put in, the harm that you endured . For the mob actually beat me on my head and my face while wearing these tactical gloves that have hardened fiberglass materials in the knuckles. They were using their hands as deadly weapons. Way bleeding from the attack. I didnt know the extent of my injuries until i was in the e. R. With the cat scan, with brain bleeding. Im dealing with neurological and cognitive issues going forward. Charles so you guys on are capitol hill today. Exactly what are you trying to achieve . Well we have been asked to meet with some lawmakers on the hill who are concerned about what happened, about domestic terrorism in our country. Were here to tell them about andys story, cooperate whatever efforts may be coming after the upcoming legislative break. That is all i can say about it right now. Cant tell us who the lawmakers are . I cant, but im sure there may be some announcement after our meetings about it. But you know as it is on capitol hill, obviously bipartisan situation. So any discussion charles it is bipartisan . You have members of both parties who will meet with you . No. Charles okay. What i want to say, whenever there is talk about this type of antifa violence you will have somewhat aboutism from the left. People on the other side saying what about this, what about that . I cant say what the outcome of this is going to be at this point. Hopefully well get more attention on this, on the complicity of people in the government. I mean Keith Ellison has been seen photographed with some of these antifa leaders, praising their handbook. This is a National Level issue now. We appreciate the national attention. Charles we have 10 seconds left but should antifa be considered, we got to go. Harmeet, andy, thank you both very much. Youre welcome. Charles the senate about to vote to permanently compensate firefighters and Police Officers from 9 11. Well be right back. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. Because the possibilities of life and investing are greater when we come together. Why go with anybody else . 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