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close video US economy faces very dire situation if Fed cant keep rates high: Mike Lee

A ‘Word on Wall Street’ panel with Michael Lee Strategy’s Mike Lee, Strategic Wealth Partners’ Mark Tepper, Bulltick Capital’s Kathryn Rooney Vera discuss market trends amid banking collapse volatility.

While some of America’s top banking CEOs discuss a new rescue plan and the Federal Reserve kicks off its two-day meeting, one market expert has warned of a "very dire situation" dependent on fiscal policy. 

"If the Fed can't keep rates high, if they can't keep raising as they need be, and we have persistently high inflation, we are in a very, very, very, very dire situation," Michael Lee Strategy founder Mike Lee said on "Mornings with Maria" Tuesday.

"So I think the Fed goes 25 basis points. I think how the market reacts depends 100% on what Powell says and reacts to the questions and how the market absorbs that," he continued. "But what I see is not so much as a contagion from banks or some sort of massive solvency crisis, it's what do we do if the Fed can't raise any more, can't keep tightening? It has to ease, so there's no systemic shocks from the banking system."

With a strong market rally underway Tuesday morning, the Fed began discussing its latest interest rate decision. Sixty-two percent of investors expect the policymakers to continue hiking rates, which would mark the ninth straight increase, while 38% expect no change, according to CME's FedWatch.

BANK TURMOIL COULD BRING ‘VICIOUS’ END TO BEAR MARKET, MORGAN STANLEY SAYS

While the Fed under Chairman Jerome Powell has embarked on its most aggressive rate hike path since the 1980s to combat stubbornly high inflation, a recent report written by U.S. economists indicates if history is destined to repeat itself, then the Fed will "find it hard" to avoid a recession later this year.

The Federal Reserve could bring the U.S. economy into a “very dire situation,” Michael Lee Strategy founder Mike Lee said on “Mornings with Maria” Tuesday. (Fox News)

The central bank is also navigating bank-run contagion fears this week, after the recent insolvencies of Silicon Valley Bank and Signature Bank, and potentially First Republic Bank.

Lee signaled the banking and rate hike dilemmas are ones of "confidence," as opposed to structural issues. Image 1 of 4

Markets often react when Federal Reserve Chairman Jerome Powell speaks or announces a rate hike decision. | AP Newsroom

"No matter how good the banking laws are, no matter how good the oversight is, no matter how strong your balance sheet is, nobody can withstand a 20 to 25% deposit base withdrawal in a single day, as happened with Silicon Valley Bank," Lee explained. close video The Fed to meet this week to decide possible rate hike

Mercatus Center distinguished fellow Thomas Hoenig discusses how the Fed’s plan for inflation, argues it has been running poorly for years on The Bottom Line.

"So I think the upshot of what just happened is lending standards are most likely going to increase, further slowing the economy," he added.

Also joining the "Word on Wall Street" panel, Bulltick Capital’s chief market strategist Kathryn Rooney Vera agreed with Lee that the Fed will likely raise rates by 25 basis points Wednesday.

"It has to hike 25 basis points. It has a dual mandate, 2% inflation and full employment, it has to comply with that. If they do not hike this week, tomorrow, this is going to be a huge additional shock to credibility and they're very focused on that," Rooney Vera said. "So they have to recoup credibility. If they do not hike 25, I think it will be poorly received by the markets."

GET FOX BUSINESS ON THE GO BY CLICKING HERE close video US will see 25 basis point hike from the Federal Reserve: Michael Kantrowitz

Piper Sandler chief investment strategist Michael Kantrowitz provides insight on the Federal Reserve’s response to record-high inflation on ‘Making Money.’

Michael Wilson, the chief U.S. equity strategist at Morgan Stanley and a longtime Wall Street bear, said in an analyst note on Monday that the stock market is in the early and painful stages of exiting the bear market than began in the summer.

"The last part of the bear can be vicious and highly correlated," he said. "Prices fall sharply via an equity risk premium spike that is very hard to prevent or defend in one’s portfolio."

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FOX Business’ Megan Henney contributed to this report.

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Science

Earth’s Oldest Impact Crater Turns Out to Be Much Younger Claims New Study

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August 6, 2025

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Earth’s Oldest Impact Crater Turns Out to Be Much Younger Claims New Study

A location in Western Australia that used to be named as the oldest meteorite impact crater on Earth is now actually a lot younger than that, scientists announced today in Science Advances. The structure — previously dated to 3.5 billion years ago and located within Western Australia’s North Pole Dome region of the Pilbara — was believed to be older than any of Earth’s known impact craters. Today, new research published in the journal Geochemistry found that what we now call the Miralga impact structure is, in fact, much younger, at 2.7 billion years old, and considerably smaller in diameter. This recasts earlier ideas on the early Earth’s geological activity and questions previous theories regarding impact-driven crust formation or perhaps even early life.

Miralga Crater Loses Oldest Impact Title but Gains New Scientific Relevance

As per The Conversation article republished by Space.com, the teams that explored the crater could only point to one thing that was likely — it had been formed by an impact. However, they ultimately disagreed as to whether this event had been and how large it was. Younger rocks contain shatter cones, indicating Earth’s early continental geology shielded the impact to a specific 2.7 billion-400 million-year period despite earlier assertions.

They made the determination to honour the cultural revision of one site from 100 km across to a more manageable 16 km wide crater named Miralga. It’s the site – still affected by seawater – of events too recent to influence the Earth’s crust.

The Miralga basalt feature (unique to basalt) is a rare site for an instrument to practice on before heading to Mars, while advancing our understanding of impacts and early life prospects.

Isotopic dating to clarify the crucial part played by this, the oldest crater on Earth and unique in a geological sense, in planetary science and early Earth history is presently ongoing at Miralga.

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Politics

US government announces ChatGPT integration across agencies

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August 6, 2025

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US government announces ChatGPT integration across agencies

US government announces ChatGPT integration across agencies

The deal was announced in response to the White House’s recent policy strategy to make the United States the AI capital of the world.

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Environment

Bluetti’s new Elite 30 V2 288Wh station gets first savings starting from $199, Segway F3 smart eKickScooter $750, NIU e-scooter sale, more

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August 6, 2025

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Bluetti's new Elite 30 V2 288Wh station gets first savings starting from 9, Segway F3 smart eKickScooter 0, NIU e-scooter sale, more

Headlining today’s Green Deals is the first discount hitting Bluetti’s new Elite 30 V2 Portable Power Station, which also has an additional solar bundle offer starting from $199. We also spotted the first post-tariff discount from Segway on its new Ninebot F3 Electric KickScooter to $750, as well as NIU’s Fan-tastic Day Sale that is taking up to 42% off its KQi lineup of scooters, including the KQi 300X All-Terrain Suspension Electric Scooter that is back at the best price of 2025 for $750, among others. We also have a new low price on Greenworks’ 82V Commercial 20-inch Cordless Chainsaw kit and a one-day-only discount on Worx’s 12A 7.5-inch Edger/Trencher, and more waiting for you below. Plus, all the hangover savings are at the bottom of the page, like yesterday’s Anker SOLIX Summer Power Sale offers, Ride1Up’s increased e-bike savings, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Get up to $200 in first savings on Bluetti’s new Elite 30 V2 portable 288Wh LiFePO4 power station starting from $199

Back on Friday, Bluetti launched its new Apex 300 Versatile Power Station with up to $3,150 in exclusive savings that has had fans of the brand buzzing, while also eclipsing another new and more compact release. Now, with its latest Solar Generator Sale, Bluetti is cutting the cost on its Elite 30 V2 Portable Power Station to $199 shipped, with that price matching at Amazon for Prime members, bringing it down from the $299 price tag. It just hit the market at the top of the month, but as I said, its release was overshadowed by the larger and more expansive Apex 300 unit and its bundles. You can score a $100 markdown now, though, which sets the bar for future discounts, with a solar bundle option for this model that tacks on a 100W panel for $398 shipped, down from $598.

While larger solar generator setups can help through many situations, more and more people are finding convenience in owning smaller backup power solutions, especially here in NYC, with many folks having limited space to keep them. That’s where units like Bluetti’s Elite 30 V2 Portable Power Station come in, which offers a 288Wh LiFePO4 capacity to cover personal device charging with 600W of steady output that can ramp as high as 1,500W.

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Bluetti’s Elite 30 V2 power station has nine different port options to cover all the bases: two AC outlets, two USB-C ports, two USB-A ports, two DC ports, and a car port. It even beats out many counterparts/competitors of the same size range with five ways to recharge its battery: via a standard outlet, utilizing up to a max 200W solar input, using both an outlet and solar panels together, connecting a generator, or using your car’s auxiliary port.

You can get the full rundown on Bluetti’s other new and more expansive release, the Apex 300 Versatile Power Station with up to $3,150 in exclusive savings across several bundle options – all starting from $1,439.

man riding down street on Segway Ninebot F3 Electric KickScooter

Segway’s Ninebot F3 smart eKickScooter with Apple Find My + proximity locking gets first post-tariff cut to $750

Segway is offering a special promotional discount through August 17 on its new Ninebot F3 Electric KickScooter at $749.99 shipped, after using the code F3AUG100OFF at checkout, which beats out Amazon’s pricing by $50.This model launched back in April carrying a $850 original price tag (which Amazon still keeps it listed for) and has since hiked up to a $1,000 MSRP direct from the brand after May’s tariff hikes. The two pre-tariff discounts we saw took the costs down to $700 and $600 back in April, and while it may not be falling that low any anytime soon again, you’re still looking at a solid $100 savings from its starting rate for the third-lowest price we have tracked.

If you want to learn more about this model, be sure to check out our original coverage of this ongoing deal here.

man standing on NIU KQi 300X all-terrain suspension electric scooter

NIU drops the KQi 300X all-terrain e-scooter with a 37-mile range and regen brakes to $750 in latest sale

NIU has launched its Fan-tastic Day Sale through August 17 that is taking up to 42% off its KQi e-scooter lineup. Some of the brand’s models are still out of stock from last month, but among those still available, we spotted the KQi 300X All-Terrain Suspension Electric Scooter at $749.99 shipped, while also matching in price at Amazon. While it carries a $1,299 MSRP normally, at Amazon we’ve been seeing it mostly staying between $1,049 and $1,198, with discounts having been slowly ramping up over the course of the year. You’re looking at the best price of 2025, which saves you $549 off the MSRP and has only been beaten out by the $731 low we last saw pop up in October 2024.

If you want to learn more about this model or the other e-scooter deals, be sure to check out our original coverage of this sale here.

man uses Greenworks 82V 20-inch cordless chainsaw to fell tree

Add commercial-grade power to your arsenal with Greenworks’ 82V 20-inch cordless chainsaw at a new $430 low

Amazon is now offering the Greenworks Commercial 82V 20-inch Cordless Chainsaw for $429.99 shipped. While it carries a $600 MSRP tag directly from the brand, where it’s currently priced at, we’ve seen it keep lower to $500 at Amazon. It’s been on the market for six months now, with the discounts we’ve spotted only taken the costs down to $450 until today. Now, with the 20% markdown here, you’ll save $70 while equipping your arsenal with commercial-grade power.

If you want to learn more about this commercial-grade chainsaw, be sure to check out our original coverage of this deal here.

Worx's 12A 7.5-inch Lawn Edger/Trencher creating perfect line into lawn

Keep uniform lines around yard and gardens with Worx’s 12A 7.5-inch edger/trencher at $90 (Today only)

As part of its Deals of the Day, Best Buy is offering the Worx 12A 7.5-inch Edger/Trencher for $89.99 shipped, with this model being out of stock on Amazon and sitting at a higher $140 MSRP directly from Worx’s website. It normally fetches $130 at full price here, with discounts mostly keeping the costs between $110 and $100 during 2025, though we have seen it go as low as $75 during Prime Day. You’re looking at the fourth-lowest overall price that we have tracked and the third-lowest of the year, with the deal today saving you $40 off the going rate for the rest of the day only.

If you want to learn more about this edger/trencher, be sure to check out our original coverage of this one-day-only deal here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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