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The John Batchelor Show

GOOD EVENING: The show begins at the Federal Reserve....

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 18 September 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

GOOD EVENING: The show begins at the Federal Reserve....

1914 Federal Reserve Board

CBS EYE ON THE WORLD WITH JOHN BATCHELOR

FIRST HOUR 9:00-9:15 - #Markets: Half point is the buzz. Liz Peek, The Hill, Fox News and Fox Business 9:15-9:30 - #Markets: The cost of sunsetting the 2017 tax cuts. Liz Peek, The Hill, Fox News and Fox Business 9:30-9:45 - #BERLIN: All eyes on the Brandenburg Election. Judy Dempsey, Carnegie Endowment for International Peace, Editor-in-Chief: Strategic Europe, in Berlin 9:45-10:00 - #BERLIN: Who is Friedrich Merz, leader of the Christian Democratic Union. Judy Dempsey, Carnegie Endowment for International Peace, Editor-in-Chief: Strategic Europe, in Berlin

SECOND HOUR 10:00-10:15 - #StateThinking: Immigration is a worldwide phenomenon that makes Germany guard its borders. @MaryKissel, Former Senior Adviser to the Secretary of State, Executive VP Stephens Inc. 10:15-10:30 - #StateThinking: Turning away from ally Japan. @MaryKissel, Former Senior Adviser to the Secretary of State, Executive VP Stephens Inc. 10:30-10:45 - #ISRAEL: Exploding pagers. Jonathan Schanzer, FDD 10:45-11:00 - #HAMSA: The Philadelphi Corridor. Jonathan Schanzer, FDD

THIRD HOUR 11:00-11:15 - #LondonCalling: Biden disappoints the allies. @JosephSternberg @WSJOpinion 11:15-11:30 - #LondonCalling: Suddenly Starmer and Albania. @JosephSternberg @WSJOpinion 11:30-11:45 - HOLLYWOOD (1/2): James Cameron to make a movie of Charlie Pellegrino's LAST TRAIN FROM HIROSHIMA. Charlie Pellegrino 11:45-12:00 - HOLLYWOOD (2/2): James Cameron to make a movie of Charlie Pellegrino's LAST TRAIN FROM HIROSHIMA. Charlie Pellegrino

FOURTH HOUR 12:00-12:15 - #AUSTRALIA: Albanese sliding; Dutton Rising. Gregory Copley, Defense & Foreign Affairs 12:15-12:30 - #STORM SHADOWS: Moscow warns London. Gregory Copley, Defense & Foreign Affairs 12:30-12:45 - POTUS: The assassination theme rethink. Gregory Copley, Defense & Foreign Affairs 12:45-1:00 - #King Charles Report: Flying lessons for Prince George. Gregory Copley, Defense & Foreign Affairs

Transcript

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0:00.0

Good evening. The show begins tonight in the Federal Reserve, waiting for the decision

0:07.0

on the reduction in the cost of money. The day started with a quarter point assured.

0:14.0

Mr Powell was going to follow through on his indication last year, late last year that there would be three

0:21.0

Fed reductions. A quarter point was the presumption in 2024. We have time for that

0:27.7

September, November and December, the two at last two after the election.

0:34.0

But now, during the day, a very strange thing happened.

0:39.8

That quarter point grew into a half point,

0:41.6

so much so that Bloomberg is overwhelming with

0:44.8

video of people saying half point half point half point these are distinguished

0:49.2

members of the market always on Bloomberg. I will wait to see how Federal Reserve responds.

0:57.0

Sometimes this is called Working the Refs. I speak to Liz Peek about it who notes all of a sudden half

1:05.3

point. Strange business. And we also speak of taxes. The cost of sunseting or getting rid of or letting expire the 2017

1:16.0

tax cut is approximately five trillion dollars. I checked out with Liz that's a good

1:21.5

number five trillion paid for by more taxes. Berlin speaking to

1:30.1

Judy Dempsey all eyes are on the Brandenburg election this Sunday the

1:33.3

22nd. It's the state election. Olaf Schultz's social Democrats are said to be

1:39.0

very strong there. However, the polling shows they're neck and neck with the alternative for

1:44.3

Deutschland, a party that presents itself as anti-immigrant, anti-EU, anti-Burlian,

1:50.5

anti-Bundis Tagl their antis.

1:52.1

And they're doing very well in Brandenburg

1:56.2

the national elections for the Bundestagger next year.

2:00.3

Everybody's watching Brandenburg and, who is Friedrich Martz?

...

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