BREAKING: Fed cuts key interest rate by 0.25%

BUYING ITS FIRST LOAD OF U.S. SOYBEANS SO FAR THIS YEAR. JOINING US NOW, MSNBC SENIOR WHITE HOUSE REPORTER VAUGHN HILLYARD FROM BUSAN, SOUTH KOREA, CNBC SENIOR ANALYST AND COMMENTATOR RON INSANA AND UNIVERSITY OF MICHIGAN PROFESSOR OF ECONOMICS AND PUBLIC POLICY JUSTIN WOLFERS. QUARTER POINT CUT JUST CONFIRMED.SO, JUSTIN, I'M GOING TO GET YOU ON THAT TO START. >> YEAH, I'VE GOT THAT RIGHT IN FRONT OF ME. >> SO PRETTY MUCH.>> WHAT EVERYONE. >> EXPECTED WOULD HAPPEN HAPPENED. >> DON'T READ TOO MUCH INTO THIS. ...