Trend but just an adjustment. Here is his rather ignor ignoret statement about Interest Rates. To ensure against down side risk to provide support to the economy. If those factors are pushing down on economic growth, then to support inflation. We think it will serve those goals. But were thinking of it, essential well nature of mid cycle judgment. Lou a mid cycle el anxiety jus. Dow sold off and nasdaq down 155, s p fell 45, Edward Lawrence with more on the story from the white house. Reporter the Federal Reserve cut rates a quarter of a point. But not everyone in the room who was voting was happy about it. There were two decenters, boston Federal Reserve president , and kansas city Federal Reserve president , they thought that fed fed funds rate needs to stay where it was. In end Federal Reserve chairman powell said it was nothing within u. S. Economy domestically that called for a rate cut. To your point this afternoon, Federal Reserve say the in light of implication of global development, they are making the rate cut, that would include other Central Banks in the world siding stimulus to their economy. Fed to chairman saying that weakness in manufacturing and Business Investment goes to perception that tariffs are bad for the economy. He adds it will not be a be a lg period of rate cuts but also not one and done. Do that if you saw real economic weakness and you thought that federal fund rate needs to be cut a lot. That is not what were seeing, were seeing it is appropriate to adjust policy to a somewhat more accommodative stance overtime. Reporter at one point powell seemed to take credit for the economic expansion, keeping that going, he said that the fed or as fed moves to more accommodative policy, they see low unemployment. Raise wages rising and consumer spending. There is no reason that expansion cant keep going, there is no sector that is booming and therefore might bust, have you a fairly well balanced, in a sense, economy. Reporter president wanted a half Percentage Rate cut this afternoon, tweeting, what the market wanted to hear from powell and Federal Reserve was this was beginning of a lengthy and aggressive ratecutting cycle, keep pace with china, and other in the world, as usual powell let us down. Experts or some say that waited too long for that, they believe that Federal Reserve should have corrected the mistake they made last december, according to at least st. Louis Federal Reserve president , where they had a rate hike, they waited 7 months for this rate cut. Lou he made one mistake, high cut rates then started he cut rates then started talking, ed lauren thank you. There are a number of breaking development from middle east, Trump Administration has new sanctions to irans top diplomat tem temporarily reservg part of the obama era nuclear deal. New sanctions again irans foreign minister, saying he has been complicit in tehrans behavior. While new sanctions added, others waived. Fox news confirmed this Trump Administration plans to announce extent shin oextension of 5 waic power tomorrow and to be reissued for another 90 days. White house tonight says it is closely watching movements of Chinese Authority in hong kong, after weeks of protests there have been a gathering of chinese troops, at the border with hong kong, including Armed Riot Police in hong kong train stations, communist party accusing United States of helping to incite the demonstrations, they started two months ago. Joining us from white house. National security adviser john bolton, great to have you with us. Lets starts with the sanctions, again foreign minister of iran, following their. What are we doing here. We would guard his activities. Frozen any assets in u. S. , and restricted his activities those of people who do business with him. It is a significant decision, that sends signal that we consider zarif. Zarifan illegitimate spokesperson for tehran. Without any question. We designated quds force and Islamic Revolutionary guards, were concerned with more than just irans aspiration for nuclear weapon. Lou our pentagon reporter, and producer have confirmed Washington Post story, that the Trump Administration has waived 5 Nuclear Related sanctions again iran. After all of their aggressions. This is hard for me, at least, to square up immediately. Well, let me see what i can do. I think the idea here, were watching those Nuclear Activities very, very closely. They remain under daily scrutiny. And it certainly the case that nothing that we see that contributes in anyway to the possibility of Iran Nuclear Weapon capability are we going to per me. This a short 90 day extension, this is intended to be under constant observation, i keep my eye on that spot. Lou i assume you are the designated observer of that 90 day period. Watching also closely as always, north korea. Which launched against two short range ballistic missiles. Provocation, provocation that some believe is directly tied to the trade talks with china. Which have ended at least to this point without resolution. What is going on there . I think on the trade talks, well be expecting the president will have a chance to hear from lighthizer, and Steve Mnuchin tomorrow, they are on their way back from shanghai tonight. Next negotiation is not scheduled until september, well have a better chance to speak to that after we heard from the negotiators. I will say, i think that the president taking this really unusual step of meeting kim jongun at the demilitarize zone, on june 30, has against opened door for north korea to make a strateg strategic decisio give up nuclear weapons,. Now the firing of these missiles dont violate the pledge that kim jongun made to the president about intercontinental range of ballistic missiles, but you have to ask when the real diplomacy the begin. As kim jongun again, said, on june 30, he was prepared to do, were stal still waiting to heam north korea. Lou since that summit, 5 weapontivity tests, and no deals reached, process goes on. Were looking at a build up of Chinese Forces on the border with hong kong. Does this imply in your judgment the prospect of military force to be used by beijing against the demonstrators in hong kong . I dont think it is accidental, i heard rumors from friends in region about this. And people expressing concern. I would say i hope that people who remember what happened after tiananmen squir square in june f 1989, take that into account. I think that china made a commitment from the declaration to give hong kong give years of separate status after the hand over. If china does not offer its International Com commitment tht sends a signal for other possible commitments they might make in the future. Lou john bolton thank you. Thank you, lou. Lou there is word that the son of Osama Bin Laden is dead. A number of news outlets cites u. S. Officials confirming death of hasma bin laden. In february. The state department, began offering a 1 million reward for information leading to hazmarcmn laden. Up next, antitrump cnn, fails to mention robert mueller, the special counsel, his report, the president s exoneration. That is after the mueller disastrous testimony under cut their phony russia collusion story line, things got complicated at cnn. We take up that and a great deal more with attorneys victoria tensing and joe digenova. Ugly scene in cincinnati. During a Major League Baseball game, after the break. Stay with us. My experience with usaa has been excellent. They really appreciate the military family and it really shows. With all that usaa offers why go with anybody else . We know their rates are good, we know that theyre always going to take care of us. It was an instant savings and it was funny because when we would call another insurance company, hey would say oh we cant beat usaa were the webber family. Were the tenneys were the hayles, and were usaa members for life. Get your usaa Auto Insurance quote today. You wouldnt accept from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. [ text notification now that you have] new dr. Scholls massaging gel advanced insoles with softer, bouncier gel waves, youll move over 10 more than before. Dr. Scholls. Born to move. carrying up to 50 times its tbody weight. Essly marches on. It never questions the tasks at hand. But this year, theres a more thrilling path to follow. father kids. Change of plans vo defy the laws of human nature. At the summer of audi sales event get exceptional offers now and my side super soft . Be firm . With the sleep number 360 smart bed you can both. Adjust your comfort with your sleep number setting. So, can it help us fall asleep faster . Yes, by gently warming your feet. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. Will it help me keep up with him . Yup. So, you can really promise better sleep . Not promise. Prove. And now, save up to 600 on select sleep number 360 smart beds. Plus no interest until january 2022 on all smart beds. Only for a limited time. Lou President Trump weighing in on twitter after radical dimms debate last night, saying if i had not won 2016 election we would be in a great recession, depression, right now. The people i saw on stage last night, you can add in sleepy joe, harris and the rest, will lead us into an economic sinkhole, the likes of which weve never seen before, with me, only up. President just tweeting this about cnns poor performance last night, saying, very low ratings for the democratic debate last night, they are desperate for trump. Joining us tonight, former Reagan White House political director, fox business analyst, great american, and savant. Ed rollins. I grew up near Shipyard Town vallejo. Lou near where . San francisco and berkeley. I went through that berkeley movement and hate ashburyy what have you, i thought i was asking that with former hippies promising everything lead by zodiac girl at the end. Lou marianne williamson. Now the big star of the stage. Lou new age. New age. Lou he said she not new age, but whatever. There is a dark side to all of us, and donald trump is ultimate dark side, my favorite, see said, talking about health care reform, all we have to do is get rid of sickness. Lou you cant argue with that. No less achievable than say a hundred trillion. Everything last night was tax the rich. Let everyone in the country for free, given free education. Lou you take them more seriously than i do. There is a there is just not a sufficient number of americans who lack the understanding that a hundred trillion dollars and destruction of the American Economy is a worth while pathway to nirvana. It was a minor figure compared to by end of night, if you added it all up, once they call moderates, those those radicals add faster than i did. They are really left wim win. Government takes charge, and doles it out. Lou looking at senator warren, senator sanders, real quickly. They sort of assess things last night. Medicare for all is comprehensive, it covers all healthcare needs, for senior is citizen is will include dental care, hearing aids and eyeglasses. You dont know that. I do know, i wrote the damn bill. I get a little bit tired of democrats afraid of big ideas. You know, i dont understand why anyone goes to all trouble of running for president of United States just to talk about what we really cant do and should not fight for. Lou you know, i thought that was rather mannered and orderly. And you know people tried to make much of it i thought they were actually very calm. I thought it was frightening to me, honest. I was thinking back fondly on Hillary Clinton, you know how much i despise Hillary Clinton. As i watch this, idea these two people bernie and Eli Elizabeth warren would be serious candidates is astonishing. How about Sleepy Joe Biden and kamala harris, do they suit you better. Lou better . No, they dont, my fear, i dont to get come little bit complacent, but i dont think they can sell to the american public. I believe that trump could kill any one of them. Lou the president is trying to deal with a Federal Reserve, we just watched powell. The head of the fed, fulfill the president s description. An act of incompetent, failure to communicate clearly and reasonably, saying that a quarter basis point, think about it. They come out at fed at 2 00 sharp, announce 25 basis point cut. 37 minutes later, were in middle of a market selloff because the fed chairman said this was an adjustment not a trend. This is preposterous what he did. Reality, there should have been a huge market, not being an economist, i assume when he made the correct decision of lowering rate there would be a boom, i think his lack of confidence and almost like he was mor forced to make this decision, this correct decision. Lou the Market Investors had already been aware of 25 basis point cut, they knew there was not going to they knew. They assume there would not be half a point cut. So they had discounted what did happen. They didnt discount the fed chairman being silly enough to talk about adjustment instead of trends and having a databased rational empirical approach to rate management. To think about this fed. They have the idea suddenly they are smarter than the president , they are smarter than the markets and all of the investors who make up that market. We have folks running here, who happen to agree. As much smarter than market, that is pure nonsense. President right now. He is on a heck of a streak. A great week. Lou great two weeks. Yes, my sense, normally president s go away for month of august and disappear. A lot of junk happens, i think this president will continue working as hard as he does. Lou i thought, the other day it was interesting. President gave a glimpse to his nature, he started talking about he preferred to be at white house, working. That really is who he is. It is. Lou his work ethic is a standard that other president s will whine about for decade to come, he is going to make them have to work. The expectations are charging about how that job should be. 20 hours a day, he is up and functioning, he sleeps very little. Lou me too, every week. Ed rollins thank you. You bit. Lou up next, another round of trade talks with china, we take it up after this quick break. Stay with us. So. How are you feeling . On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Dprevagen is the number onemild memopharmacistrecommendedng . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Lets see, aleve is than tylenol extra strength. And last longer with fewer pills. So why am i still thinking about this . Ill take aleve. Aleve. Proven better on pain. Dto experiencer gthe luxury you desire on a full line of utility vehicles. At the lexus golden opportunity sales event. Lease the 2019 rx 350 for 389 a month, for 36 months, and well make your first months payment. Experience amazing. Lou the chinau. S. Trade talks with ended in shanghai. Representative lighthizer and secretary treasury secretary mnuchin, on the way back to the United States joining us tonight to assess where we are. In those talks. Where we are geo politically. And militarily, were joined by dr. Michael pillsbury, from hudson institute. And michael great to have you with us. Unresolved trade discussions and negotiations. Next stop september some time. Your thoughts about where we are with china and with their now Movement Today russia militarily, with exercises and creating a real alliance. And our pros ten ten pecks goin prospects going forward. I try to keep track with chinese side of things what they say about President Trump and strategy, from the beginning they have been very surprised about how tough President Trump circumstance they havis. They have been told by previous president s well give you a break, we know you are a fragile flower. There was a niceness toward china, but trump has reversed that. And chinese are praying that a democrat, ideally for them joe biden, will win in 2020. They can be safe from all they already know his price . No, but they dont like these talks, it is a success, the president just to keep the talks going, that is harder than you might think, chinese are accused of billions of dollars of theft and Technology Core everything n against our companies and other country. What seems to be happening now from the chinese side, american side is very secretive, Bob Lighthizer is one of the best secret keepers there is. But the chinese side, they say they are upset more now, they thoug