John live look at the Federal Reserve where a decision on the future of Interest Rates is imminent. We should get it any second now. This announcement should have major implications for americans feeling the pinch of inflation. We do expect federal Reserve Chairman Jay Powell Toehold a News Conference later this hour as is traditional. With that, John Roberts and washington. Sandra Sandra Smith in New York. Might as well sell myself because right now you are looking at a bit of a turnaround. What are we looking at with the dow . But the Tick Marks not indicating that peer do you see that . The Tick Mark is read. We are going to look at that because i dont know what that is. A minute ago it was flat now it is up okay, the decision is now, okay, 50 Basis Points. The Tick Mark is not on the screen but that is accurate. The dow is now up 323 points, john. That Tick Mark there it is there it is. All right, so this was highly anticipated. Kelly ogrady from Fox Business ran onset with us to cover this Breaking News. The fed has decided, this is what market started predicting, the Fed Fund Futures throughout the day and the afternoon, they started the price at probability 61 chance of a 50 Basis Point Cut, i just told John I was going to tell our viewers why this is so important. We have seen Interest Rates at a 23 year high. Why . The Federal Reserve has had to try to tame Sky High inflation that has happened over the past 3. 5 years. This is the biggest move we have seen from the fed, the biggest cut we have seen from the fed in 16 years. In fact we havent seen Interest Rates lowered since 2020 at all. But 50 Basis Points, you would have to go back 16 years to see it move like this. Your thoughts on what this means for the Average American at home . I think what this means is powell says okay, we are comfortable we are going to get to that sustainable 2 inflation cart target. Also, look, i dont want the Labor Market to get worse comes of the 50 Basis Point Cut you are seeing is an indication that is what they are worried about. Remember the fed has two Mandates P or for the Average American at home, you are going to see the couple of things, Credit Card Interest rates coming over half a Basis Point, that is not a time when average rates are at 24. 92 right now. Mortgage rates, though, that is where this is really interesting because i think the Mortgage Rates, the 30year fixed stands at 6. 2 right now. It was pricing in at the half a Basis Point already. You could actually start to see over the next month at takedown the work, so firsttime Home Buyers like myself, we love that. Really, though, sandra, this was priced in with the market. Certainly what investors want to see. You are going to see the Stock Market Sandra they are pricing in, its up 300 points. The market was predicting it come investors were thinking okay, this is what we want. Where i think you need to look in the next hour is the oppressor. Because everyone is going to be looking at the language that fed Chair Powell uses, what does it look like when the fed meets in november, what kind of cut are we going to get . What does it look like when the fed needs in september . Is it going to be 50 Basis Points . That is going to drive Mortgage Rates, back to your question come Average Americans at Home Sandra that could take some time and on the bigger question when you look at the political landscape and one of the candidates promising handouts to firsttime Home Buyers, that could have a big influence on the housing market. It will take some time for Interest Rate cuts to work their way through the system, for sure, but nonetheless this is obviously some news that the market is trying to digest right now, john, and it has pretty big implications all around. This has been an economic environment that has been hungry for some Interest Rate cuts and it looks like maybe this is the beginning, took kellys point. We will see what the Federal Reserve has to stay in that presser a short time from now. John biased toward the future but the market doesnt seem particularly enthusiastic about this. Its up just slightly less than 200, see where it goes through the rest of the afternoon. Now bring an Anchor And Executive editor of special report chief Political Editor bret baier. The politics around us, there are many republicans who say wait a second, 48 days to go until the election, you are cutting rates now, why didnt you do it a couple months ago . Listen to what Steve Forbes said. If theyre going to do something they could have done it this summer or even the spring or wait until after the election. They have a meeting in november just days after the election. They could have done a Big One then and No One could have accused them of playing politics. John so could they have done it weeks and not months ago, and is doing it now look like powell is putting his thumb on the political former President Trump said he should wait into after the election although some democrata 75 Basis Point Cut. Instead of 50. Listen, it does affect the economy. It does affect things in the lead up to 48 days from now the election day. So of course politics is going to factor in. I think the fed was looking at the situation with Inflation Cooling and balancing that Jobs Inflation Situation that they have to do every time. But when it happened, definitely will factor into politics. John lets look back to 1992 to figure out what kind of an effect it is going to have because the economy was tanking. George h. W. Bush had 91 approval rating, than the economy tanked. Bill clinton and James Carville came out and said it is the economy, stupid. Bushs fortune started failing but in late 1992 the economy started coming back what people had already made up their minds. When you take a look at what the polls show, trump has a 13point Lead on Kamala Harris when it comes to Voters Preference for who could best handle the economy. Weve got those numbers if we can put them up. So is it too late for harris . Have people already made up their minds . It may not be too late but a lot of it is baked in the cake. How you feel at this point, 49 days away from the election, is not going to change that much in the next seven weeks. However if the economy takes an uptick and you start to feel something different, it could affect around the edges. This is a race that is around the edges. You look at those swing states, summer down to. 4,. 5, that is 10,000 votes either way on election day. John other big news, standby for a second. The latest on the Assassination Attempt of the former president , Fox News alert. Secret service officials are so deeply immersed in the Florida Incident that it is causing delays in the release of the pennsylvania shooting report, which was supposed to be out this week. David spunt is live at the Justice Department with more. When can We Expect this report to come out, david . John, we are told at some point over the next few days we may hear about a summary of kind of the mechanisms that the Secret Service as an agency will use to make changes. Ron rowe, the acting director, said changes clearly need to be made but a lot of the focus No Question on what happened in West Palm Beach p or just this Morning Fbi Director Christopher Wray made his first public comments about the incident over the weekend in florida. Watch. For the second time in just over two months we witnessed what appears to be an attempt to attack our democracy and our democratic process. And im relieved that former President Trump is safe, and i want the american people to know that the men and women of the fbi are working tirelessly to get to the bottom of what happened. John, back to July 13th, a secret Service Report will be a Selfreflection Report coming from within the agency looking at what went wrong and what can be done better appeared five people were placed on administrative desk duty, working remotely. As for the motive of the shooter, 20yearold thomas crooks, the fbi still doesnt have one. Fox news is told it is possible there may not be a motive. Crooks was killed by secret Service Agent moments after he took multiple shots at the former President P or by Husband And Father lost his lif. Its unusual but not unprecedented to have no definitive motive. Seven years later they still dont know the motive of the Las Vegas hotel shooter. Congress conducting Oversight And Investigation into July 13th and will have a report out soon. Also looking at what happened in florida. I am told members in the senate expect to have some sort of interim report out by The End of this month. Multiple different investigations going on here and the fbi leading that criminal investigation. John . John David Spunt with that update. Lets bring back bret baier. The lack of information from the Secret Service and to some degree the fbi, we heard from Christopher Wray, is really taking off members of bipartisan Task Forces including senator richard blumenthal. Listen to what he said. I am reaching the point of total outrage because the response from Homeland Security has been totally lacking. It is tantamount to stonewalling in many respects. John that from a democrat appeared remarkable p or its. He went on to say dhs understand he is the senator in charge of the subcommittee overseeing the dhs, he says dhs is derelict in its duty. That is stunning from a democratic senator. Now the bipartisan Task Force has come out and said this is full on stonewalling. We dont have information. Some of them said americans are going to be shocked when they see and hear what they have heard already, but it is not complete. This is agree just. That its been this long and we dont have information. We dont have it. And even the bipartisan lawmakers dont. John blumenthal said last week we will be shocked and appalled what we find out in the secret Service Report so eventually it is going to come out, may be a little bit of a respite now we have to have this other investigation to it. The other thing i want to ask about was rhetoric appeared We Saw Hillary Clinton the day after a second Assassination Attempt come out and say trump is a danger to america, he cant become president again. Karine Jeanpierre Yesterday said the following, and let me attach some other ones, listen to this. President biden has been cleareyed about the threat that the former president represents to our democracy. Donald trump is an existential threat to our democracy and our most fundamental freedoms. Look, are they affected democracy . Yes. Are they going to take away our rights . Yes beards. Donald Trump And Maga republicans represent an extremism that threatens the very foundations of our rep republic. John i mean they just dont stop. And j. D. Vance said yesterday, if they dont knock it off, somebody is going to get killed. Wonder who that somebody is. Well, it is two Assassination Attempts of the former president has dealt with. Obviously he believes and says that rhetoric he thinks is leading to these actions. Democrats say it goes both ways. But you cant have it on both sides of the coin. You cant say i called to check in that hes doing okay. I want to make sure he doesnt get harmed. And then in the next sentence John Call him an existential threat. That cant be behind the president ial Seal P or i had Tim Shriver on the show Last Night O take it down a notch but especially after active Assassination Attempts on a former president. John we will see were all of this goes but it doesnt sound like anyone is planning to tone down their rhetoric anytime soon. Bret, thank you. It continues, sandra. Sandra further proof with Hillary Vaughn on Capitol Hill with a microphone in the hallways of congress. She caught up with a few house democrats to get their thoughts on the rhetoric following the second Assassination Attempt on here is what she heard, john. For years americans have heard democrats call trump a threat to democracy. Are you surprised now that two people i tried to kill him . Trump has called us communists. He said we are a threat to the united states of america. Are you surprised that after americans have heard democrats say trump is a threat to democracy for years that two people have now tried to kill him . I think its unfortunate. That is the environment we live in. Do you have anything to say about the second Assassination Attempt on former President Trumps life . I will just say that any Assassination Attempt on anyone is terrible. Sandra so we will see. These continued calls to tone down the rhetoric or at a minimum condemn it, where it goes, but considering all of that the White House has doubled down on it, john. John something we are going to checking later this hour with the panel and Joe Concha is what Karine Jeanpierre said yesterday in response to a question from Peter Doocy. Ducey asked is it time to really tone down the rhetoric . You will remember in the wake of the July 13 shooting and butler, pennsylvania, everybody from the president On Down was saying we got to tone down the rhetoric. It lasted about 72 hours. And Karine Jeanpierre responded to doocy by saying its your question thats dangerous. Sandra a remarkable exchange, for sure. John i got a bunch of words rolling around in my Head I Cant Stand Television in response to that but good lord. We will put it to concha and the panel paid. Sandra coming up appeared meanwhile we are watching the dow come as you mentioned, john, the markets reacted severely, take up, 400 points out of the gate come after the decision was made and now up only 41 points because guess what . We are waiting on the federal Reserve Chair to speak at half past the hour and what he says will be critical for these markets because now that we have cut rates, will that incur more spending and therefore more inflation . This is what the market is strong to figure out. We will talk to brian Brenberg And Taylor riggs, cohost of the big Money Show, on what it means for you and your money. Plus this. So i was raised as a middleclass kid pure i grew up a middleclass Kid Beard i grew up a middleclass kid. I started my career as a prosecutor. I was a Career Prosecutor for most of my career. Having a background as a prosecutor. John Vice President Kamala Harris sticking faithfully to her Talking Points. But why not venture out . Reaction from Joe Concha just ahead. Hi, im william devane. Did you know theres only been two times in American History Two when the national debt was larger than Gross Domestic Product . World war ii and right now. Thats a deep hole. And i dont know how well climb out of it. Thats why i buy gold from Rosland Capital. Rosland capital is a trusted leader in helping people acquire precious metals. Gold bullion, Lady Liberty Gold and silver proofs, and premium coins, can help you preserve your wealth. Call Rosland Capital to receive your free Rosland Guide to gold, gold precious metals ira, and silver brochure. With rosland, there are no gimmicks, no hassles. And they have fast, reliable shipping. Ask yourself. Are you safe . Make gold your new standard. Call Rosland Capital today at 8006308900, 8006308900. Thats 8006308900. 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Ask your doctor about switching. Why choose a mobile network built for places youll probably never be. Instead of for where you are most of the time . Xfinity mobile was designed for where you need it most. Xfinity internet customers, ask how to get a free 5g Phone and a second unlimited line free for a year. Sandra on the right we are 19 minutes past the hour and here is a live look at the Dows Reaction to the Federal Reserve cutting Interest Rates by a half a point, the biggest cut in 16 years and the first cut since 2020. So what does all of it mean for everyday americans and all of us . Whats bringing brian Brenberg And Taylor riggs, cohost of the big Money Show on Fox Business p had my mind goes to the massive Credit Card balances that americans have racked up in recent years amid skyhigh inflation. You can put the numbers up, americans have been drowning in Credit Card debt, alltime high topping a trillion dollars and the average on that Credit Card debt Interest Rate 21 . How does this change t