Powell's foreshadowing of interest rate cut sends market soaring

Stocks are soaring today after Federal Reserve Chair Jerome Powell hinted that interest rate cuts could be coming soon. >> Powell spoke in Jackson Hole, Wyoming earlier today, saying rising concerns over the job market may push the Fed to cut rates next month. CNBC correspondent Christina Parsons joins us now.Good to see you. So Pal also gave some insight, Christina, into the impact of the president's tariff policy. What did he say.Yeah, and that's why you're seeing the Dow hitting a new record high today a ...