Page 2 - Rate Cutting Cycle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That, you know, it blame as lot of their disappointing earnings and rather sour outlook on the ongoing trade war. they can make a good case for that. they're directly affected. others, general mills, susan li was saying similar things. more and more companies are going to do that. that is what presumably the federal reserve was addressing. >> yes. we heard from the business roundtable. half of the executives say sales will be impacted because of this ongoing trade war and the strong dollar as well. in the previous quarter, all of these companies said the strong dollar has impacted their earnin...

♪ get your usaa auto insurance quote today. >> bill: 9:30 new york. wall street open for business. the fed cut the interest rate yesterday. first time in more than a decade. fed chair suggesting there would not be more cuts coming but they're watching it carefully. that prompted a sharp sell-off in stocks and they came back a little bit in the afternoon. we'll see where we go today. the president none too happy. what the market wanted to hear from jay powell and the federal reserve was the beginning of a rate cutting cycle to keep pace the china, european union and other countries around the...

Percentage point to arrange 2% to two and a quarter percent. the outlook for the u.s. economy remains favorable in this action is designed to support that outlook. it is intended to ensure against downside risk, we can global -- we're thinking of it as essentially in the nature of a midcycle adjustment to policy. >> bret: that's the fed chair explaining in a news conference, as they do, the effort to drop down interest rates for the first time in more than a decade and if you look at the chart, you can see where the little dip happened today. the market though when that announcement was made a...

If the dow finished the day off 334. the s&p 500 fell 33 today, the nasdaq dropped 98. all of this occurs as the u.s. and china hold another round of crucial trade talks. chief white house correspondent john roberts tells us what the president is saying by all of this from the north line. bickel certainly has a lot to say about it, as he usually does. in the run-up to today's meeting president trump said he was expecting big moves to match those of other countries. when he got was a lot less than what he wanted. >> president trump meeting at the white house with the president of mongolia today...