Transcriber: nvidia/parakeet-tdt-0.6b-v2, sat-12l-sm, and large-v3-turbo
Source
Participants
Main
m
mimi geerges
cspan05:59
Appearances
donald j trump
admin02:50
Clips
j
jim tucker
00:05
r
robert miles
00:08
Callers
gary in florida
callers00:10
mark-2 in texas
callers00:12
?
Voice
Speaker
Time
Text
Ceasefire: Where the Shouting Stops00:03:36
unidentified
at 2.30 p.m. Eastern on C-SPAN, C-SPAN Now, our free mobile app, and online at cspan.org.
Why are you doing this?
This is outrageous.
This is a kangaroo quarrel.
Fridays, C-SPAN presents a rare moment of unity.
Ceasefire, where the shouting stops and the conversation begins.
Politico Playbook chief correspondent and White House Bureau Chief Dasha Burns is host of Ceasefire, bringing two leaders from opposite sides of the aisle into a dialogue.
Ceasefire on the network that doesn't take sides.
Fridays at 7 and 10 p.m. Eastern and Pacific, only on C-SPAN.
Democratic Arizona Attorney General Chris Mays announced a lawsuit filed by her state against the federal government over funding for the Supplemental Nutrition Assistance Program.
She was critical of the Trump administration for not using contingency funds for a snap during the government shutdown.
Benefits are expected to run out on November 1st if the government shutdown continues.
And a lot of people came to our country just for freedom of religion, moved out of their place and over, partly because the country's Russian that were very brutal, tearing down churches.
Stephen, Quincy, Illinois, Independent Line, go ahead, Stephen.
unidentified
Good morning, Mimi.
Donald Trump was a busy little man last week.
Tuesday, he indicated that he's going to demand $220 million from the taxpayers because he got his feelings hurt when his own Justice Department investigated him for alleged crimes that were committed, including attempted overthrow of the government.
Kathy And Megan Discuss Course Corrections00:15:12
unidentified
On Wednesday, without permission from anyone, including Congress or the historical committee, he destroyed part of the people's house, the White House.
On Thursday, he pardoned a cryptocurrency criminal by the name of Chan Ping Zhao, who used his cryptocurrency platform to allow money laundering by child sex traffickers,
drug dealers, and terrorists, including Hamas, in return for this cryptocurrency criminal buying hundreds of millions of dollars of cryptocurrency from the Trump crime family.
And later today, the Federal Reserve will be holding their meeting today, and the chair, Jerome Powell, will hold a news conference, the Fed's open market committee meeting to discuss that.
He'll discuss the economic impact of the government shutdown and give an update on interest rates.
We'll have live coverage of that at 2.30 p.m. right here on C-SPAN, also on the app and online at c-span.org.
And to help us preview that announcement is Megan Lenhart.
So what is the likelihood that the Fed will announce a reduction in interest rates today?
unidentified
I think Fed officials have really been telegraphing for several weeks now that we are expecting a rate cut at the meeting today.
It will be probably a quarter point rate cuts, although I suspect there might be some dissents that do indicate that some folks on the committee would like to see a full half percentage point cut.
But I think the committee is going to be continue to be cautious, particularly with the advent of the government shutdown and the fact that we don't have a lot of official government data being published.
I think now's the time where they're going to continue to be a little bit on the cautious side, a little bit hesitant, but certainly that rate cut pretty much locked in at this point.
I was going to ask you about that, the lack of government data during the shutdown, that the data is not only not being reported, it's not being collected.
So what is the Fed relying on to make these decisions?
unidentified
Correct.
Our statistical agencies have said that they're not doing any activities during the shutdown.
And that has actually been the case.
We haven't gotten any of the publications that we normally would get, except for the Consumer Price Index.
And that was a little bit of a special addition, if you will, only because they needed that particular piece of data for the Social Security Administration to issue its cost of living adjustment.
So that was a bit of a one-off.
And that was actually great for Fed officials because we did get that September CPI inflation.
And of course, it did show that we were nearly a full percentage point above the 2% target.
But beyond inflation, which is a little bit tricky to get beyond the government data, we do have a number of indicators, especially on the labor side of things, that do kind of help us guide a little bit on what's going on with the economy.
So for example, we did actually get a new indicator from the payroll processor ADP yesterday.
They normally do a monthly, very similar to the jobs report, but for the private sector on payroll growth.
Yesterday, they actually rolled out a four-week moving average that showed a positive payroll growth for the sort of month of October and a little bit of September because of that four-week moving average.
So we got about 14,000 new jobs at that point.
That's really good news considering the fact that last time we checked in with ADP, they actually had a contraction of growth.
We also do have some indicators, like for example, from the Chicago Fed.
They have an estimate for unemployment and they're actually showing it moved up a smidgen of a bit for October, but it's looking pretty steady at the moment.
And we're also getting unemployment claims.
Now, this is something that the Labor Department normally puts together, but the states actually have the claim information.
So if you do deep dives, you can actually find this information, even though the government shutdown has hampered it a little bit.
Claims are a little bit on the rise, but nothing too, too concerning at the moment.
Megan, this is not new that the president does not like Chairman Powell and his decisions on interest rates.
His term does end in May.
What do you know about who could replace Chairman Powell?
unidentified
Well, it seems like there is about five candidates that are sort of leading the charge, if you will, at the moment.
So we do have some folks that are very well known to us.
For example, Governor Waller is among those folks.
And of course, Governor Bowman.
Both are currently serving on the Fed and would be a bit of a seamless plug-and-play, if you will.
We also have, you know, Kevin Warsh, we have Hassett.
And, you know, we do actually have some Wall Street folks, including Rick Reeder from BlackRock.
So all of those kind of folks are in the mix at the moment.
I believe that Secretary Besson has said that they really plan to do an announcement after Thanksgiving.
As you pointed out, the President and Secretary Besson are currently in Asia.
Their focus is there at the moment.
But then I do think that following that, we are going to see some interviews, some discussion, and of course, hopefully an announcement before the end of the year on who is going to be succeeding Chair Powell at the Fed.
And once he is succeeded by a new chairman, is the expectation that we'll see interest rates drop a lot more than they have been?
unidentified
I do think that the fate of interest rates definitely depends on the economy writ large and also, of course, the sort of background of the individual that does come on board.
It would be interesting.
I do think we've sort of seen from many of those folks that I've mentioned, they are very much interested in returning the interest rate, at least on the short end, to a little bit more of the neutral rate, which we kind of think is sort of around 3%.
Of course, that's a little bit of a squishy theory, but that's sort of what we're aiming for.
And I think that there is probably room to do some additional cuts.
But of course, the Fed will have to continue to grapple with, as they are now, this sort of conundrum between a weaker labor market while also inflation is ticking up.
It has not been the rapid rocket ship that some folks expected, especially after those Liberation Day tariff announcements earlier in the year.
But we have seen inflation tick up and it is trending above the 2% target.
That is something that is part of the Fed's mandate.
And unfortunately, that is a little bit of a conflict because the tools in the toolbox are pretty blunt, and they really can be a little tricky to try to sit there and solve situations where we do have these sort of conflicting forces.
We'll get back to your calls for Open Forum and go to Richard in Ohio, Line for Democrats.
Hello, Richard.
Thanks for waiting.
unidentified
Yes, good morning.
I really want to compliment the show that you have.
You have such relevant topics and issues that get addressed.
Given the condition of our country right now with this president, it is just extremely sad that some of us as citizens act like we are complacent tourists and not paying attention to the grave status that our country has fallen into.
I just had to say that this morning, and thank you for taking my call.
I'd like to say, well, I wanted to talk to the Ken Burns people, but because I wouldn't have been flobbering all over him like your callers were.
And you only took two Republican calls.
I tried calling in that whole time.
And I don't know why only two Republicans.
But anyway, there was a caller who said during the Kim Burns segment that no shot was taken like it was in the Revolutionary War.
Well, as I remember, our President Trump was shot at and then attempted at the golf course.
And then I would have liked to ask the Kim Burns people that, you know, how would they like it to have a TV station, a radio station, as PBS is, and have it all Republican-oriented?
Because that's what they are.
They are Democrat-oriented.
And I hate to say, but Washington Journal has started to turn Democrat.
But I don't want to get off on that because I want to finish what I'm going to say because 30 days is you don't get enough time.
But also, the other stations that are Democrat-oriented is ABC, NBC, CBS, CNN, MSNBC, Comedy Central, the Weather Channel, BBC, Univision, the NFL, the NBA.
Ken Burns, if anybody should get a congressional mill of freedom, it should be him.
I know it's watered down, but when I hear boomers talk, people that are like born in the 40s and the 50s, they all want to go back to when they were kids, when they were growing up, and the world is changing.
BRICS is coming.
Here's the thing about Americans.
When Ken Burns uses the word hypocrisy, It should have hit home with a lot of people because the truth is, America after World War II had devastated Germany, had devastated Japan, and had, it was the only game in town.
But the world is changing.
And the last people that are going to catch on are going to be the American people.
The world is changing.
It's a big planet with a lot of people.
We only have 5% of the population yet we control and unusually a large amount of influence in the world.
I was of the opinion that most of the Democrats were lefty socialists.
But when it comes to donations, I have a list of Hakeem Jeffries donations from real estate, insurance, BlackRock, Apollo Global, MetLive Steak Farm, Devada something or other, and a whole bunch of other capitalist companies.
And then you can, so that's just to show how two-faced they are.
And they're just capitalists in disguise, and they lie to their supporters, Democrats on welfare and pro-trans Democrats, etc.
Yeah, and the audio was not very good on that, but he did say that nothing would jeopardize the peace in the Middle East.
And he said that Hamas was a very small part of the peace plan.
We will go back to open forum now to Ruth in Plymouth, Indiana, Independent Line.
Good morning.
unidentified
Good morning.
I appreciate all that you folks do.
I tried to get in on the Ken Burns segment because I'm a distant relative of Josiah Bartlett, who signed the Declaration of Independence for New Hampshire.
The last time I was able to go back east, I'm from New Hampshire, was 2013.
My cousin's wife worked for the governor of New Hampshire, who is now a senator, Gene Shaheen.
The statehouse there is the oldest statehouse in the country.
It's beautiful.
But I just appreciate all the history that Ken Burns and his group have brought to us.
Just so sad of what's happening nowadays and the incompetence and moral bankruptcy in our government now led by Trump.
I'm just so sad about that.
I was part of the All-Kings movement.
I've been to three gatherings.
It's all been very peaceful.
We all love our country.
We just hate what we see that's going on, and we're just very worried about whether our democracy will survive.
So here is medical news today, John, and it says the Centers for Medicare and Medicaid Services, CMS, is a federal agency along with Plan Premiums, funds Medicare Advantage.
Private insurers administer these plans on Medicare's behalf.
So that's a little bit of information for you on the funding for Medicare Advantage.
And this is Frank in California, Republican.
Good morning.
unidentified
Yes, hello.
Good morning.
I just had an opinion.
I think we should outlaw Islam in the United States because we're going to have a mayor here.
He might be Muslim.
And, you know, they're trying to take over the country because we're infidels.
Everybody here in the United States are infidels.
And if you look at England, they have most of them Muslim over there.
They have the mayors of the major cities.
And all the Muslim people over there are on welfare.
That noise, the noise, the jet plane noise When Trump has his press conferences, it's done on purpose because the plane is on the ground when they do that and they have the hatch open and they're warming up the engines for takeoff.
And the noise Trump has to talk real loud over, he likes to talk loud.
And also the presidency, I'd like to say that I'd like to say a little bit more decorum.
The presidency is a sacred office in this country, and whoever occupies it should behave like a president.
Now, Trump thinks he's a boss.
He doesn't know the difference between being a boss and a president.
And I wish that he would start acting more like a president instead of having these videos of planes flying over, dumping feces all over Americans exercising their liberty to speak.
Yeah, that last call just is a good reminder of some of the platforms that Republicans bring.
I just wanted to mention a couple of things in response to some of your callers.
One, I think there was a woman who said that all the sports leagues and channels, television channels, cable channels, news channels are left-leaning.
That might be a reflection of where you sit culturally in our country.
For all those who are still Trump supporters, and I want to say particularly the boomers and the seniors, I just wonder how you can continue to support somebody who's lied about so many of his campaign pledges.
He did say that he had no knowledge of Project 2025 yet.
Russ Bought is his director of the Office of Management and Budget and is a big part of wanting to just dismantle our federal government.
He also pledged not to make any cuts to Medicaid.
In fact, I think it was when Biden had a State of the Union address that he initiated that as a possibility.
He shared that as a possibility, and many Republican congresspeople booed him for that.
But that's happened with the big bombastic bill.
Become Self-Sufficient00:03:22
unidentified
And then we are part of a VA community.
We live very close to VA, and I have several vets in my families.
And we've been impacted by several cuts to care and housing services for vets directly.
And then for the last caller who just, not the exact last caller, but the caller before who mentioned Medicare Advantage, I had worked in housing with seniors for many years.
And just because you have a privilege of not needing the services of Medicare Advantage doesn't mean that the rest of the seniors in this world are.
There are many seniors who only have Social Security supporting them.
And I just want you, especially you boomers, to reflect on what you have and what your previous generations supplied for you and how you're leaving really a trail of terror for the generations after because you got yours, but the Xers, the millennials, the Zs, we're still out here working to pay your Social Security, to pay your Medicare.
And we deserve to have what you received from your forefathers and previous generations.
And just as a programming note, after this program, in about a half an hour, we will take you live to Speaker Johnson's press conference happening at Capitol Hill on day 29 of the government shutdown.
I just turned 70 today, and I look back at life and I look at politics.
And, boy, people get pretty wound up about things they can't control.
I've been in the military.
I love my country.
I've had a great life.
I've had troubles, ups and downs, but it's the greatest place to live.
And I've noticed that really, it doesn't matter who's the politicians, who's in charge.
It really doesn't matter.
You still got to put gas in your car.
You got to go to work.
You got to pay the electric bill.
And, you know, you go to vote every four years.
You do your thing and then you get on with life.
And I just, I really don't think it really has never really affected my life too much because I'm always thankful and grateful for the things I have.
And I guess the little message is to become as self-sufficient as possible and be thankful for all the blessings you have in life.
And I mean, we're not being chased by wild animals.
You have a roof over your head, some fresh drinking water, a little food in your belly, and you get to vote, and you should be thankful and happy.
And I guess the last message is: I've never been on the internet.
I've never had a smartphone.
I've never been on a computer.
And it's a lot better.
I read my books and I enjoy the beauty of life.
And we're all really united in the end because we're all going to go six feet under.
And I think people just got to just take a nice breath and put the pods down, the electronic devices, go read a book, say hello to your neighbor, and be grateful for the things you have.
This is Gilbert, Birmingham, Alabama, Independent Line.
Good morning.
unidentified
Good morning to C-SPAN.
I'd like to expound on AI somewhere.
Great Night with Trump00:07:42
unidentified
You know, as I looked at the Bloomberg Business Report this morning, they're talking about how the president over there gonna talk to Xi about giving up the chips, the most vapor chips we have in America.
And what I'm saying, after I looked at the news yesterday, they saw where 13,000, upward of 13,000 people were being laid off in Amazon and over 49,000 from United Party.
The point of the matter is, AI is about to change the very paradigm that the previous caller was talking about.
And we don't have anybody in Washington, the senators, the congressmen, that even raising a hand about any type of regulation.
I'll close on this note.
In France, they've doubled the taxes on high-tech cooperation.
Well, at least we could do that much.
But in Washington, we don't have time to say nothing about it.
And the meeting with President Xi of China is happening tonight at 10 p.m. Eastern time that Gilbert mentioned.
And that's it for Open Forum.
unidentified
Later today, Vice President Vance will be at the University of Mississippi for a Turning Point USA event, where he's expected to give remarks and answer questions from students.
We'll have live coverage shortly after 7 p.m. Eastern on C-SPAN.
Also on C-SPAN Now, our free mobile video app.
and online at c-span.org.
Tuesday, a critical election night on C-SPAN.
From coast to coast, key races that could shape America's future.
In New York City, a hard-fought mayor's race in the nation's largest city.
Governor's races heating up in New Jersey and Virginia.
And a California constitutional amendment that could shift the balance in Congress.
All the results, all of the speeches.
Coverage that's straight down the middle.
Election night, Tuesday at 6 p.m. Eastern, only on C-SPAN.
Your democracy, unfiltered.
And we'll be continuing our live coverage here on C-SPAN shortly with Federal Reserve Chair Jerome Powell.
He's holding a press conference this afternoon on the central bank's decision to cut interest rates for a second time this year by a quarter percentage point.
While we wait to hear more from Fed Chair Powell, we'll show you some remarks President Trump made earlier today at a dinner in South Korea where he met with world leaders attending the Asia-Pacific Economic Cooperation Summit.
it.
We'll make our meeting with President Xi tomorrow morning.
So maybe if we go home and then he does Halloween on it.
Can you believe it?
We really appreciate that you're all coming to KL and Office.