How would you like a 15% discount to my daily email, the stack of stuff, the show notes,

discounts to the conference, all of that.

All you need to do is text the word show to 33777.

You'll get the annual subscription with a 15% discount to my daily email.

You'll get the stack of stuff, the links to the show notes, discounts to the conference,

and so much more.

All you have to do is text the word show, S-H-O-W, to 33-777-7.

Text show to 33-777-7.

Welcome to the Eric Erickson Show podcast, Our Three.

Hello, America.

It's Eric Erickson here.

I hope you are doing well.

We do have breaking news out of the gate.

The Federal Reserve has cut interest rates by a quarter point by 0.25%.

The Dow, the S&P, the NASDAQ, all of them now going up.

NASDAQ is still in negative territory, but it is only down 34 points now. It had been down over 100 points. S&Ps up 11 points. The Dow is now up 448. When we went into

commercial break, it was only up 200 points. The Russell 2000 up 15 points. Now, what has changed in the

statement? There is a parsing of the statement. They have gotten rid of the line.

All those swings and net exports continue to affect the data. It says recent indicators suggest that growth of economic activity moderated.

Job gains have slowed and the unemployment rate has edged up but remains low.

They have struck the line.

Labor market conditions remain solid.

...