12-19-24 Part Two - The Fed And Inflation

Red Eye Radio

Cumulus Podcast Network

News, Government, News Commentary, Daily News

4.5 • 1.1K Ratings

🗓️ 19 December 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In part two of Red Eye Radio with Eric Harley and Gary McNamara,The Federal Reserve cut its key interest rate Wednesday by a quarter-point and U.S. stocks tumbled; Fed Chair Jerome Powell has never been serious about inflation sending mixed signals to the market; Now there are drones sightings in the Dallas-Ft. Worth area; The conversation then turned to the subject of sophisticated model airplanes/jets and the type of jet engines they use. For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Now it's Red Eye Radio, Gary McNamara and Eric Harley
0:12.3	talk about everything from politics to social issues and news of the day.
0:17.1	Whether you're up late or you're just starting your day welcome to the show from the unidon
0:22.9	america studios this is red eye radio all across america we are red eye radio he is eric ralding
0:30.4	i'm gary macnamara welcome and good morning thanks so much for being here this morning
0:34.4	thank you merry christmas everybody merry christmas one more show, and then we're out of here for the year.
0:40.9	So we're looking at, you know, projecting what might happen next year and rehashing this year.
0:46.4	Let's rehash yesterday.
0:47.7	I don't remember the last time that the Fed did a rate cut and the stock market crashed.
0:53.9	Yeah.
0:54.8	It's probably happened.
0:56.0	I just don't remember the last time it happened.
0:57.9	Normally it's like, all right, business is going to boom.
1:00.7	To me, it showed yesterday, what was it, was it, did the Dow stay down over a thousand?
1:06.5	Yeah, it closed.
1:08.8	In fact, let me get to it, down 1123.
1:13.4	Okay, because I'd seen it later on in the day.
1:15.2	I bet I didn't wait until the...
1:16.0	NASDAQ down.
1:17.6	The Dow, they made the point in the media, the longest consecutive losing streak since 74.
1:24.1	I think it goes 10 trading days now.
1:27.7	But you look at the NASDAQ.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.