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editorial report. we hook ahead to 2024 and a new set of challenges and opportunities for the country. i m edward lawrence in this week for paul gigot, and we begin with the u.s. economy which defied expectations in 2023 as inflation fell and recession fierce faded. now the santa claus rally in the stock market giving us another record close this week for the dow jones industrial average and the federal reserve signal rate hikes are done and cuts could be in store for 2024. let s bring in jason trennert, he s the chairman and ceo of strategists and investment strategy firm. jason, let s start overall here, we get this. you know, overall we get some the contrarians won in 2023. so people were projecting the most predictive recession in history, and it didn t happen. so is the recession then off the table for 2024? edward, it probably is. i will say that the recession didn t happen in 2023 partly because we ran a budget deficit of close to 6% of gdp, $2 trillion at f ....
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Relevant about this is i think he has set a lower bar than the senate has and senator byrd on the senate intelligence side. he set a lower bar for an indictment for an impeachment proceeding. what s important here is that it s the house and schiff himself who is going to be pivotal to deciding how to proceed on a potential impeachment. if he sets a low bar it s based on patterns we, looed at. you just connect up the dots. looks like collusion. where as if he took it to a court of law, the bar would have to be higher. you would have to have serious evidence. i think it s important schiff is setting the bar lower. in the end it would be the republicans in the senate in the majority that would decide if the impeachment could proceed. great to see you both. outfront next, president trump s national emergency facing a new legal challenge tonight. lost cause or do critics have a ....