The Hill & # 39; s 12:30 Report: Stocks drop as Trump struggles with Fed, China

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-> A reading at noon of what is happening in politics and how to have a sense of humor about it. *

*Ha. Haha. Hahah. Sniff. Haha. Sniff. Ha – falls in tears hysterically.

12:30 report on the hill: Trump calls the head of the Fed the enemy | Powell says more rate cuts will not solve trade war | China announces $ 75 billion in new tariffs | Inventories fall as trade control intensifies | Why Trump's immigration movements might not be a political winner | The field of the demon diminishes with the stall of Moulton | Says Biden would be "fantastic president" | Disney + is preparing to challenge Netflix | National Day of Sponge Cake

IN 2020 NEWS

They fall like flies:

Via the New York Times Alexander Burns, Rep. Seth MoultonSeth Wilbur Moulton Hill's campaign report: the democratic field begins to shrink before the critical deadline Moulton says Biden would make "fantastic president" Moulton withdraw from the presidential race after struggling to gain ground SUIANT (D-Mass.) Ends his presidential campaign. https://nyti.ms/2Z94T17

Moulton said in an interview: "I think it's obvious that there is now a three-way race between Biden, Warren and Sanders and that it's actually a debate about distance." who should separate the party. "

What's next for Moulton: Moulton said he would run in the House of Representatives, representing a coastal district to the north and east of Boston.Many other Democrats ran for the presidential election. while Mr. Moulton was running for president to face a contested primary. "

Moulton will say at the National Democratic Committee meeting later today: "I will campaign for whoever wins our nomination in 2020." (Via the Wall Street Journal Eliza Collins) Http://bit.ly/2ZcFoMr

Who Moulton supports: Moulton told the Washington Post: "I think Vice President Biden would make a fantastic president. He's a mentor and a friend and I've been impressed by the campaign he's led to the present. "Http://bit.ly/2Zdatzq

WHAT ALL THE DROPS OF 2020 HAVE JOINED IN COMMON:

They are all running for other offices. But like the New York Times Alexander Burns stressed, "How long will it take to win candidates who are not under pressure to apply to the House, Government or Senate?" http://bit.ly/2Z9IYHb

Here is a list of the 2020 candidates who stayed: https://nyti.ms/2IKvzxA

Happy Friday! I am Cate Martel with a quick recap of the morning and what will happen. Send your comments, article ideas and events to our radar at [email protected] – and follow them on Twitter @CateMartel and Facebook.

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PROGRAM NOTE: The 12:30 report will be closed next week but will resume after Labor Day. Enjoy the last week of August and do not work too hard!

IN THE WHITE HOUSE

I will take controversial statements for $ 400, Alex:

This morning, President TrumpDonald John TrumpThe Hill's campaign report: the democratic field begins to shrink before a critical stretch To avoid the recession, Trump should keep his mouth shut and his smartphone closed. Trump: "Who is our biggest enemy", head of the Fed or Chinese leader? MORE slammed president of the Federal Reserve Jerome Powell, S & # 39; questioning that his Fed chief, chosen with care, is a "foe" bigger than the Chinese president Xi Jinping. http://bit.ly/2NsYkQ6

Trump tweeted: "As usual, the Fed has done nothing! It's amazing that they can" talk "without knowing or asking what I'm doing, which will be announced shortly. We have a very strong dollar and a very weak, the Fed, I'm going to work "brilliantly" With both, and the United States will make great efforts My only question is who is our biggest enemy, Jay Powell or President Xi? "Http://bit.ly/2NtUR3t

What turned on this tweet:

This morning, Jerome Powell suggested this morning that the Federal Reserve could cut interest rates, but warned that this might not be enough to avoid the troubles of Trump's trade war.

Do you feel as if everyone is watching you? Because everyone is watching you:

Via the hill Sylvan Lane, all eyes are on the president of the Federal Reserve Jerome Powell amid fears of an impending recession. http://bit.ly/2ZduPZt

Why Powell's speech this morning was important: "Washington and Wall Street will analyze Powell's remarks on Friday morning as he speaks for the first time since a recent round of economic red flags made him fear an impending recession." In the weeks following Lowering of the key rate by the Fed, the first since 2008 – Trump stepped up its trade war with China, stock markets have become unstable and dismal data from around the world indicate a potential economic slowdown. "Http: // bit.ly/2ZduPZt

NEWS THIS MORNING

Happy Friday! Here are more prices:

This morning, China announced that it would impose $ 75 billion tariff on US products. http://bit.ly/2Z88Ovc

The rates: "The State Council of the country announced that tariffs of 5 to 10% would be imposed on various US products in two batches, the first coming into effect next month and the other in December, have announced several media, citing state-run media.The second batch of tariffs would include a 25% tariff on all US automobiles. "

REACTION FROM PRESIDENT TRUMP:

In a series of tweets, President Trump announced that it would "react" to China's tariffs. http://bit.ly/2NqC1dK

Some of Trump's tweets: "We do not need China and, frankly, we would be good … better without it. The huge amounts of money that China is making and flying in the United States, year after year, for decades, are going and must stop. Read the complete series of Trump tweets: http://bit.ly/2NxYAxj

WHEREAS THE MARKET FOR SHARES DEPOSITED:

US stocks fell sharply after President Trump tweeted that he would respond to China's tariffs. Numbers: "The Dow Jones industrial average dropped more than 420 points, down 1.6% … the Nasdaq composite fell 2% after Trump's tweets, while the S & P index 500 lost 1.7%. " http://bit.ly/2NqC1dK

It may not be a chicken dinner:

Via the hill Niall Stanage"President Trump intensifies his rhetoric about immigration, but it may not be the political winner he thinks. "http://bit.ly/2Nr2HLn

Why: "Trump's approach to immigration works well with its base, but there are serious doubts about its political effectiveness with the broader electorate."

Examples: "On Wednesday, Trump spoke of the idea of ​​abolishing" birthright citizenship "- the concept, enshrined in the Constitution, that every person born in the United States is automatically a US citizen. he was inscribing in an attempt to indefinitely prolong the Trump period also continues to plead in favor of building a wall on the Mexican border, while blaming the Democrats for being too lax, according to him , as regards border security. "

Rest in peace:

Billionaire activist conservative David Koch died at the age of 79 years after suffering a deterioration in the state of health. https://cbsn.ws/2Z8lfXQ

Read his obituary in the Wall Street Journal: https://on.wsj.com/2No5V2h

ON THE TRAIL OF THE CAMPAIGN

Interesting reading – not a good year to be a presidential governor:

Via the hill Jonathan EasleyDemocratic governors are muddling in the race for the Democratic nomination in the 2020 presidential election. Http://bit.ly/2Z9JODG

How: Washington Gov. Jay InsleeJay Robert Inslee Hill's campaign report: the democratic field begins to contract in front of a critical stretch The Keystone XL pipeline receives a nod from the Nebraska Supreme Court Moulton abandons its presidential race after struggling to gain ground SUI and former Colorado governor John HickenlooperJohn Hickenlooper Hill's Campaign Report: Political Field Begins to Shrink Before Critical Stump Moulton abandons his presidential race after struggling to gain ground Hill's Morning Report: How Will Trump be Received at the G-7? MORE both gave up. That leaves Montana Gov. Steve BullockSteve BullockThe Morning & # 39; s Morning Report: How will Trump be received at the G-7? Democratic governors muddle in the race for the presidency Gabbard and Steyer begin a third democratic debate MORE as the only remaining governor to run for president. Bullock's campaign is also in trouble.

Why is it remarkable? "The governor's homes were once reliable stepping stones for the White House for members of both parties."

What about two other great plans of the White House ?:

In the Concord monitor, Paul Steinhauser spoke with Rep. Tim RyanTimothy (Tim) John Ryan Hill's Campaign Report: The Democratic Field Starts to Shrink before the Critical Point The Hill's 12:30 Report: The Democratic Field Tightens with the Release of Inslee Biden, Buttigieg Bypassing the meeting of the democratic delegates: report (D-Ohio) and former representative. John DelaneyJohn Kevin Delaney Hill's Campaign Report: The Democratic Field Begins to Shrink Before the Critical Point The Hill's Report 12:30: The Democratic Field Tightens with the Departure of Inslee Morning, The Hill Report – Trump boasts a new immigration policy and tax breaks PLUS (D-Md.), Who swore to stay in the race. http://bit.ly/2NorAaB

NOTABLE TWEETS

Omg, these are hilarious:

Life size pictures: http://bit.ly/2NqaU2s

Jay Inslee kisses the onion:

ON

The House and the Senate are out.

President Trump is in Washington, D.C. Vice President Pence There are no public events on his schedule.

12:30 EDT: President Trump lunch with the secretary of state Mike PompeoMichael (Mike) Richard Pompeo Hill's Campaign Report: The Democratic Field Begins to Shrink Before A Critical Turn Begins Order Putin to Respond to the US Hill's Missile Test Morning Report: How Will Trump Be? he received at the G-7? MORE.

10:40 EDT: President Trump and first lady Melania TrumpMelania TrumpEl Paso, Dayton Hospitals Deny Trump That Doctors Leave OR Meet Him The Hill & # 39; s Morning Report: How will Trump be received at the G-7? A former Melania Trump advisor expressed concern over the excessive number of inaugurations held several weeks before the events: CNN MORE to leave for France for the summit of the Group of Seven (G-7).

WHAT TO LOOK

11:30 am EDT: "Federal Court of Appeal hears argument in case of subpoena to President Trump's Financial Records Convention." Direct: https://cs.pn/2Z9GbOd

18.30. EDT: Cindy McCain sits with NBC Andrea Mitchell on "NBC Nightly News with Lester Holt."

6:35 pm EDT: South Bend, Ind., Mayor Pete ButtigiegPeter (Pete) Paul ButtigiegGabbard Addresses Voting Criteria for the DNC Hill's Campaign Report: The Democracy Field Begins to Shrink before a Critical Milestone Happens Buttigieg Unveils its Plan to Strengthen Care mental health and addictions MORE (D) speaks at a town hall at Nashua Community College in New Hampshire. Direct: https://cs.pn/2ZaHuN1

NOW FOR FUN STUFF …

Today is National Day of Sponge Cake.

A competitor streaming in town:

Via Forbes Peter Csathy"Disney recently announced that it will be offering its three flagship video services directly to consumers (Disney +, Hulu and ESPN +) at an extremely low monthly price of $ 12.99 Yes, indeed." Magically, the same price as Netflix standard monthly fee. "http://bit.ly/2NtxAyD

Keep in mind: Netflix loses "Office" and "Friends" from its platform. https://wapo.st/2NtyQSn

And to start your weekend well, here is a disguised cat. I'm pretty sure this cat is about to fire his owner: http://bit.ly/2NjAmXq

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