But I do want to start with some breaking news. We've learned that the FBI is searching the home of former Ambassador John Bolton, his office as well. Can you tell me why is the FBI raiding Ambassador Bolton's home and office.And did the White House get a heads up. >> Well, so we're in the very early stages of an ongoing investigation into John Bolton. I will say we're going to let that investigation proceed.What I can tell you is that unlike the Biden DOJ and the Biden FBI, our law enforcement agencies are ...

Are you going to fire Lisa Cook, the Fed governor, over her mortgage. >> If she doesn't resign. Yeah, she's she what she did was a bad So, I'll fire her if she doesn't resign.>> What are these allegations against Lisa Cook. >> So, the allegations against her are actually quite similar to the allegations that are against Tish James and Adam Schiff. And it is that on a mortgage application, she listed a residence as her primary residence that wasn't necessarily where she was living most of the year.Um, this i ...

The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months with high uncertainty about both timing and amounts. The question that matters for monetary policy is whether these price increases are likely to materially raise the risk of an ongoing inflation problem.A reasonable base case is that the effects will be relatively short-lived, a one-time shift in the price level. Of course, one time does not mean all at once. It will continue to take ...

It was a political fight that started in Texas, but California has officially entered the ring. Governor Gavin Newsome signing a trio of bills that will establish a special election in November, where California voters ultimately decide whether to redraw congressional maps, which will lead to five additional Democrats, likely going to the US House, offsetting Texas's plan to add five Republican seats to the House after they redraw their district maps. >> They fired the first shot.Texas. We wouldn't be here ...

Well, this morning the FBI searched the home of former national security adviser John Bolton. A source confirmed to NBC News that it is part of a national security investigation in search of classified records. Now, Bolton served in President Trump's first administration for about a year and a half before a major falling out between the two.Multiple vehicles were seen outside Bolton's Bethesda, Maryland home around 7:00 a. m. when agents began entering with boxes to collect potential evidence.He was not bel ...

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 ...

As Federal Reserve Chair Jay Powell speaks at the Jackson Hole Economic Policy Symposium, another Fed official remains in the headlines. Former Assistant AG at the DOJ Jonathan Kanter discusses allegations against Fed Governor Lisa Cook. Tennis coach and former pro Brad Gilbert discusses the evolution of tennis and racquet sports ahead of the U.S. Open kick off this weekend in New York. Plus, Elon Musk asked Mark Zuckerberg for help in an OpenAI takeover earlier this year, and Nvidia has reportedly asked so ...

question is, do you buy the meta before the news about them buying cloud services from alphabet. And does this, you know, statement from Jay Powell today. Does it change your mind about meta to either buy more or buy more of those seven names.>> Well, it's always better to buy low and sell high, frankly. So we execute. We executed this trade yesterday in advance of the news.And literally I think we paid 236 yesterday. So we're up almost $20 since then. We were not expecting the big spend for Google.And also ...

CPI may be much higher than expected. >> All that's correct, Frank. There were a bunch of caveats in there.The biggest caveat you did mention, though, that I would say is the one about inflation expectations. He basically said, we are not going to allow tariff price increases to become broader inflation. That's on his watch. He believes that's in his control, and that would mean remaining relatively tight.So you're right. And I think what happened here, Frank, is is he didn't really talk the market down. Bu ...

Google ushered a bunch of us into this little studio and there was an applause sign up in the rafters and there was a warm-up comic and he was like, "Hey guys, are you guys pumped for Pixel phones. Look at you nerds with your laptops on your thing and you love phones, don't you guys. But I need you to get loud for Jimmy Fallon.He's backstage. Is this all you're going to give for Jimmy. Is this the energy you have for Jimmy.what publication do you work for. And I'm sitting there going like, what the [ __ ] i ...