jay: this is the kronos quartet. joe: through the lens of jay blakesberg. jay: this is david byrne.: the camera first captured him when he was a teenager growing up in new jersey. jay: jorma kaukonen from the jefferson airplane in hot tuna, that was the first time i was ever published in print. i would go like this and i would move the camera. joe: it was music that pulled him to the bay area. i took a greyhound bus from new jersey to san francisco to see the grateful dead for the first time. joe: he photographed the dead. jay: this is labor day week in 1978. joe: again-- jay: this was shot in 1979-- joe: and again for the next few decades. jay: from the very beginning, i always was documenting the scene. my workhorse, 35 millimeter nikon. joe: back then, his many cameras were loaded with film. jay: we had fast film, slow film, color film, black and white film, and this is stuff that i shot in high school. joe: blakesberg's decades of film photography now color the walls of san francisco's contemporary jewish museum. jay: here we have the chili peppers. joe: it's a retrospective sna

but i panicked and i put the first comedian named jay that i could think of and that was jay baruchelause) -(anthony) jay baruchel. and when did you lock in your guess? i think it was the fifth clue. well chelsea, you locked that in on clue number five. which means, if you guessed correctly, you'll add $10,000 to your winnings. chelsea, are you ready to find out -if your guess was correct? -yeah. how about all of you guys out there? are you ready? -(loud cheering and applause) -(mama) i'm ready. chelsea, we're all rootin' for you here. let's see who's inside the super sphere. (screaming and applause) (guitar intro to 'i want it that way') (shaina vocalizing) ♪ yeah... ♪ you are my fire ♪ the one ♪ desire (male celebrity) ♪ believe me when i say (celebrity) ♪ that i want it that way (music stalls) (everyone gasping) (shaina, screaming) who's comin' out?! who's comin' out?! (cheering and applause) (dramatic sound effects) (yelling) ohh! (shaina) ♪ tell me why ♪ ain't nothing but a heartache (shaina) ♪ tell me why (jay) ♪ ain't nothing but a mistake (shaina) ♪ tell me why (jay) ♪ i never

charles: what the jay powell and markets may do today? >> jay powell has options.quity spreads all-time highs. he has the option of appearing hawkish without having to commit to action in march. so i think we will come out a little more hawkish. he will guide be patient, fight inflation, he will have plenty of time to change his mine. charles: i love having these conversations with you. i'm glad you are on board today. talk to you soon. we're minute minutes away from g for jay powell. market is reacting to the that. comments are so critical. we'll put comment on the screen. because you got to understand these are central to the questions the fed has to answer today. these again right at the very beginning they made some significant changes. the markets reacted significantly. i'm here with alli and danielle. ladies you had a chance to check out the fomc statement. i start with, today danielle, how much does that alter what you were expecting coming into today? >> i was surprised to see they completely removed any language about a sound banking system on a day like t

we look ahead to jay powell later today.y push back aggressively how vulnerable are treasuries? mark: it will be sharp and the curve. we had a big inversion and people are looking for a big staple, the next big money maker. if he pushes back it would be too early for the steepening. that will be a disappointment and you will see a deeper inversion. the two year yield will stay high relative to the tens. next week there is a tenant 30 year auction that will make them more difficult. any hint that may is on the cut keep steepening alive, but if he says there is no timetable for a fed cut the second half of the year, we will not see people get aggressive on the steepening. it will have to stay on hold. tom: 432 on the two-year. thank you, mark cranfield from our team. get more from the team on the block on the terminal or bloomberg.com. novo nordisk sees profits soaring. setting a strong forecast in terms of sales and profits. we bring you the details, this is bloomberg. ♪ ♪ tom: welcome back to daybreak euro. novo nordisk says

jay: seems like it will.rtgage rates -- are called has been for rates to stay where they are, around the 7% level. builders still have to buy in hte low sixes, high fives. that is the sweet spot where consumers get activated. and other discounts, closing-cost incentive, etc., it seems like that is going to have these near-term going after continue to get buyers off the sidelines at a 7% mortgage rate. romaine: i'm curious about the competition between the new-home sales market and existing home sales. it appeared that a lot of homebuilders benefited from the idea that for a lot of folks it was too unaffordable and onerous to buy an existing home, and that for some folks they found more affordability on a relative basis in the new-home market here. what is the correlation between the two? does it still matter. jay: absolutely, and one of the important things the homebuilders can do that the existing home market can't is built smaller plans, put less space into the home, find ways to do more with less in terms

jay: you too as well how you doing. a sock pop culture first from biden gives inside of the numbers of except the phones and goes to practices and training camp so much tips with think better this year. >> is great pretty give me a look personal she's authentic and she brings obviously different demographic is fantastic and she's a genius it was she does in the nfl's a june is now the market things could not be better and there's nothing to heat on here and i think that this is all love in my opinion plus a look travis kelsey have known him for years you scum trainer jim unbreakable in the two and a dude is never changed i just talk about authenticity and he is never change never affected them i am happy for him and this is a lot of times good things happen to good people and travis is one of those good people. brian: ls rating and weeks ratings were up 31 percent in a significant ratings also through the roof and i want to talk if we can about the coaching changes and because one guy is out of job now money the second

jay: you too as well how you doing.ure first from biden gives inside of the numbers of except the phones and goes to practices and training camp so much tips with think better this year. >> is great pretty give me a look personal she's authentic and she brings obviously different demographic is fantastic and she's a genius it was she does in the nfl's a june is now the market things could not be better and there's nothing to heat on here and i think that this is all love in my opinion plus a look travis kelsey have known him for years you scum trainer jim unbreakable in the two and a dude is never changed i just talk about authenticity and he is never change never affected them i am happy for him and this is a lot of times good things happen to good people and travis is one of those good people. brian: ls rating and weeks ratings were up 31 percent in a significant ratings also through the roof and i want to talk if we can about the coaching changes and because one guy is out of job now money the second one coaching in

jay: i think that is right.n the short-term the fed is dictating a lot of the moves in the market. the fed is indicating rate cuts might happen sooner or quicker and that tends to be a positive. right now maybe we could have higher rates for longer. ed: there is something really interesting, how you view bitcoin. and then the bitcoin etf situation. do you see any evidence that investors with a particular risk appetite divergent money from particular etf products that track or follow broadly the technology sector to bitcoin etfs four in addition to -- is it one or the other or can you play both? jay: it is difficult to say. we are still in the early days of our bitcoin etf, just launching on thursday. we have seen tremendous interest, bringing in over $1 billion on the product but it is coming from a lot of different investor types. some people had previous bitcoin exposure. you could have seen people owning bitcoin miners. equities that are mining bitcoin. we see people who might have wanted bitcoin exposure but

that's how i'm thinking about things relative to jay powell.ly of the opinion as most people are that it's all political. i think there's -- it lurks in the background, you know, the fact that it's a presidential election year, but i really think it's about a where the economy is which is in a stable place for now, but where the real interest rates are. so i think investors should buy two, three, five-year treasuries because you're locking in a rate which isn't, you know, towering, but it's above the inflation rate which continues to fall. and i think those rates on the shortest end, the old t-bill and chill strategy which i never really recommended because i think the fed's going to cut. so if you want to buy a 5.25 6-month bill, you'll be happy for 6 month, but there's a strong chance you might roll that over at a level below today's 3 and 5-year treasuries. that's what i kind of like in fixed income. i'm less fond -- in the prior segment i talked about these big rallies in junk bonds and even lore tier investment grade bondt grade bonds whic

time in 150 years how democrats are responding this morning >>> at long last, justice for jam master jay after the decades-long search for his killer >>> new amazon ads are primed and ready. >>> and the birthday bash fit for a hero the california town throws the celebration of a lifetime for a pearl harbor survivor's centennial it's tuesday, january 30 "early today" starts right now good morning, i'm frances rivera the united states is vowing to retaliate against a drone strike that killed three soldiers in northeastern jordan. officials releasing the names of the victims. 46-year-old william jerome rivers, kennedy sanders and be breonna moffett. les go to chapman bell tell us more >> reporter: good morning, frances. tributes flowing in for them they were based at tower 22, home to some 350 service men and women who are working alongside the jordanians to stop the remnants of isis as well as to stop iran's influence in the area in their reach in and around syria now these three soldiers were killed, at least 40 more injured, eight seriously enough to be evacuated to a higher level of car

i'm not so sure the economy is as strong as jay thinks it is and i'll take issue with that a bit. liz: wouldn't throw him a bone. really quickly. >> there's a soft landing and now we've got to keep it and prevent the job market from normalizing. liz: he did not agree. are we ready to say there's a soft landing? hear what he said about that in just a second. gabriella, great to have you and andy brenner as always. yes, check here, the dow is close to session lows, down 288 points and we've already heard from three of the guests today that it had very much to do weed ward lawrence's question and the response jay powell gave, which afters march rate cut is unlikely. all right, fox business alert and some individual stock stories that are breaking right now. billionaire elon musk slamming the state of delaware in a pair of tweets after a judge there ripped away the tesla ceo's record, $56 billion pay package and musk posting on the x account saying "never in corporate your -- never incorporate your company in the state of delaware". a lot of companies incorporate in the state of delaw

. >> we're talking about jay-z here..a.t. there. and you have been a part of this real renaissance, this creative period for nas. charlamagne called it adult contemporary hip-hop. a grown man, an entrepreneur, a father, and you have been that soundtrack. here's nas, and you're up for another grammy with him this week. here's nas discussing your collaboration. >> i think what me and him have is just pure music making. there's no -- there's no -- his music knowledge is that crazy. he's like my quincy. you know what i mean? he has that -- he's pushing himself thing. you know? >> talk about that collaboration. of course, you are up together this week. >> seeing that clip is unbelievable, man. yeah, nas, he was just enthused about getting in the studio, excited every time. he never told me he was coming and didn't show up. he would always show up, and we would get straight to work. it was a respect thing, and the thing about excitement, we were both excited to make the music. >> now, i got 30 seconds left. rap fans love to ta

jay powell and the fed have just one tool and that is interest rates. but there are a lot of other things that affect prices in the economy. like price gouging. like supply chain tanks, like whether or not the government is investing in the economy. president biden used all of those tools. it helped bring prices down. and as i've said, what is happening now is the fed is actually increasing costs for families by keeping those interest rates high. inflation is down. come on, fed. turn it around and drop those interest rates. make it possible for a first time home buyer to get out there and get into the housing market. make it possible for someone to move out of where they are and move somewhere else. make it possible for more apartments and more rental units. make it possible so that part of the economy to get prices under better control as well. >> an important meeting this week i believe and also then the big march meeting which everyone has their eyes on to start seeing potentially a cut in rates. thank you for your time. >> you bet. >>> a new lawsuit

jay powell's news conference at 2:00 p.m. eastern time.o see you. >>> time to check some of this morning's top corporate stories. silvana henao is back with those. silvana. >> hey, frank, good morning to you. a new suitor for paramount global has emerged. allen's bid comes after sources revealed to cnbc last week that david ellison's sky dans media and its financial backers are exploring a deal to take paramount global private. shares of walmart popping after announcing a three-for-one stock split, the move coming with the retail giant's shares sitting just below an all-time high. walmart says the split will let more employees buy into the company's stock purchase plan. >>> and social media ceos are set to go before the senate for a hearing committee on what they're doing and not doing to keep their platforms safe. mark zuckerberg as well as the heads of others, that hearing begins at 10:00 a.m. eastern, frank. >> silvana, thank you very much. >>> turning back to one of your morning's big money movers or two of them, i show uld say, two of

jay powell has been obsessing over this.ins concerning to you from an investor perspective? they are elevated but it seems given how far the inflation rate has come down, it seems we can live with that. >> the wage gains are growing at a slowing pace. i don't really find it too much of a risk at this point. i think the tail risk right now will be some supply chain shortages as a result of the red sea issues, the hot wars going on, that's what could cause inflation to temporarily spike. the directions lower inflation. romaine: when you consider how far we've come from 9% when you look at the core numbers and how far they have come closer to the feds target but we are not there yet, do we give the fred credit for that test the fed credit for that? >> we give the fed credit for not tightening and ending qe sooner. in q1, inflation cpi average in the 8's in the fed didn't do anything until march. at this point, we applaud the fed for the 18 month tightening campaign, moving the rates back up to 5%. the biggest mistake that could

andrew >> all right, jay o'brien, for us in washington dc. jay. thank you. a search for survivors is underway in western japan as the death toll climbs after a powerful earthquake. at least 48 people have died and thousands of homes and buildings are destroyed. tsunami warnings were lifted, but fires erupted and trains had to be halted. the 7.5 magnitude quake was the strongest to hit that part of japan since the 1800s. >> seven uh towns that you can feel this earthquake and it it just it just didn't feel normal. it didn't feel like the normal. you got an earthquake for, uh, you know, tremors for a couple of minutes. this felt more significant than that. and it felt a lot more dangerous. >> thousands of soldiers and other emergency workers have been called to join the rescue efforts. >> now to the race for president. the iowa caucuses just days away. and yet another poll is showing good news for former president trump in a possible general election matchup with president biden. this morning, a new poll shows president biden losing ground to former president

let's bring in jay woods at freedom capital markets. jay, good morning. >> good morning. a huge week for earnings this week. big tech earnings. magnificent seven earnings. with that in mind, what is your wex word? >> when you watch the earnings and storcks, you have to respec the trend lines. the first was tesla. tesla was in the down trend. that brokedo down. if you are looking at the long term, the trends look great. look at apple first. this has me concerned. the price action is slightly down. we made a lower high this time up. watch the 200-day moving average. it is on the up trend. you have three of them that are overbought. that has me a little concerned, not concerned because they could go down, but when you look at microsoft and meta and google, i know alphabet. they should change the symbol to abc. it is available. >> we are bringing you here for markets, not branding. >> i apologize. >> let's get to the companies that are in overbought territory. are you talking alphabet and meta and microsoft? all three with the rsi above 70. why is that meaningful? >> it will

i'm going to suggest the fed head jay powell is an honorable man. he will not seek a third term as chair no matter who wins the presidential election and instead he wants to establish historical reputation as the guy who got the inflation back to the central bank's 2% target. it is not exactly volcker because powell as sleep for the first inflationary year but i'll bet jay powell wants to redeem himself. so caveat emptor, all you wall street doves, be careful. that's my riff tonight. by the way "breitbart"'s john carney and our very own taylor riggs will talk about this very subject later in the show. first upcoming next house judiciary chair jim jordan will tell us how he wants to stop the non-stop snooping of federal agencies into our financial, political, religious, private lives. i say drain the swamp. jordan says drain the swamp. trump says drain the swamp and stick with "kudlow." we are swamp drainers. and we'll be right back. ♪ (♪) (♪) (♪) (♪) (♪) (♪) get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. t

for r jay-z to b be the firsrse to get ricick rubin to produduce in suchch a long e showows you how w ♪ s so i got ththe rap patrt♪ ♪ on ththe gat patrtrol foolols that wanant to make e ♪ ♪ my casket's closed ♪ yeah, that's--that's money. - - rick rubinin created s sy classic hihip-hop recocords with the b beastie boyoys and d run-dmc, taking a b break beat t and mig it witith an ac/dcdc guitar st. ♪ ♪ that's rick rubin 101, you know... [mimimics guitar] - - ♪ so i i pull overr to thehe side of t the road ♪ ♪ i heard "son, do you know what i'm stopping you for?" ♪ ♪ 'cause i'm young and i'm black and my hat's real low ♪ ♪ but do i look like a mind reader sir i don't know ♪ - what jay-z represented was the fact that you could actualally have rereal longey inin hip-hop.. and for the longest time, you know, new york had been the center of the world in hip-hop. the south for the most part hadn't really made itselelf heard. yoyou know, anand that statas to c change in t the 2000s,, and yoyou're gettiting outkas. and ououtkast is a amazing. - [shuhushes] [cheering] ♪ one two one two three y

jay powell is someone that seems to want to keep his options open.his is something he wants to see before rushing to cut rates. chair powell: we want to see more good data. it is not that we are looking for better data. we are looking for a continuation of good data. an example is the six months of good inflation data. is that sending us a true signal that we are in fact on a path, a sustainable path, to 2% inflation? annabelle: let's get more on the fed decision with our next guest, thomas honecker, a former kansas city fed president and now a distinguished fellow at the carter center. did anything stand out to you from today's meeting as a surprise or from the press conference? thomas: the only surprised to me -- surprise to me was markets seemed surprised. to me it has been clear they would not raise rates today and not be in a rush to do it in march. number one, the u.s. economy is growing well. even above trend the last half year. inflation is coming down. year-over-year basis it is well over 2%. that's what they are looking at. the labor market

you are in the military, are you back to the jay job?— you back to the jay “ob?ay job? i don't know, you tell me. the - you back to the jay job? i don't know, you tell me. the army l you back to the jay job? i don't l know, you tell me. the army has you back to the jay job? i don't - know, you tell me. the army has been amazing _ know, you tell me. the army has been amazing in_ know, you tell me. the army has been amazing in allowing _ know, you tell me. the army has been amazing in allowing me _ know, you tell me. the army has been amazing in allowing me to _ know, you tell me. the army has been amazing in allowing me to try- know, you tell me. the army has been amazing in allowing me to try to - know, you tell me. the army has been amazing in allowing me to try to set i amazing in allowing me to try to set myself _ amazing in allowing me to try to set myself up _ amazing in allowing me to try to set myself up for — amazing in allowing me to try to set myself up for the _ amazing in allowing me to try to set myself up for the future, _ amazing in allowing me to

listen to jay leno, because i always thought of jay leno being above this nonsense but even he can'telp it. he wallows in and has such contempt for a truck driver who would know the cost of a gallon of diesel fuel that he has to put into his truck. to the cent. >> this is a car guy, jay leno, of all people. >> exactly. because he can't make his truck payment because the price of diesel fuel has gone too high, but the other thing that's going on here is, they had such profound contempt, not just for people, and voters, but for the whole american system of allowing people to have a vote and allowing voters to be in charge of who runs our country. they hate it. they are all in favor of people having an opinion as long as it's exactly their opinion. you're not allowed to have an opinion if it's different from them and if it is, they are going to lie about it. >> jesse: they aren't allowed to have a different opinion. have you ever heard anybody say something contrary in the legacy lead yeah. you lose your job. the only reason bill mar is getting away with it is because he's on hbo and he

so jay powell is going to be talking today. they're releasing a statement.eal question is are they going to cut rates today? and if you look at where markets are placing these odds, they do not think it's going to happen today. so this is where markets are today. you know, 98% chance there is no change. however, as you pointed out, the fed has signaled it may start cutting rates at some point this year. a lot of market participants think, you know, there's a pretty decent chance that they'll start cutting as soon as march. 40% chance or so. and so they will be paying very careful attention to what's in that statement. any tiny tweak of verbage in that statement to indicate their timing as well as the press conference that happens later today at 2:30 when chairman powell will be taking questions from journalists about how he's viewing the state of play and how he views the economy. now the question about what this means for consumers is a great one. so, interest rates, what the fed controls has a lot of knock-on effects for other consumer products. so things

larry: big question, jay powell, fed head, is he going political?l he juice joe biden's re-election? pump up the money supply, start slashing interest rates left and right? good question, joining us now judy shelton, senior fellow at the independent institute and former trump economic advisor. and also with us right here on set giving me lots of company, steve forbes, forbes media chair and editor-in-chief, author of, inflation, what it is, why it is bad and how not to fix it during an election year. sorry, i was paraphrasing. first of all happy new year to both of you. judy shelton, is jay powell going to goose the money supply, crash interest rates, elect joe biden, is that what is going to happen here? >> well, larry you're not allowed to even ask those questions in polite company. larry: uh-oh, uh-oh. >> i do think the market noticed at the december press conference chair powell took a decidedly dovish tone. he had always insisted that the fed was going to be very strict and keep interest rates at a level that would cut off growth, to decrease d

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jay good morning alison. >> good morning. treasury secretary yellen exclusively telling abc news she believes there is no reason for a recession this year, as the white house hopes that these positive economic numbers will turn americans perceptions of the economy around. and this morning, the us economy shattering expectations, new numbers from the commerce department showing the nation's gross domestic product grew at a blistering 3.3% pace from october through december of last year. rapid growth quelling economists fears of a recession. we have an economy that has been growing at a good, healthy pace. >> i see no reason why that can't continue to. i think 2024 is going to be a very good economic year in an exclusive interview with abc news, is elizabeth shultz, treasury secretary janet yellen touting the growing economy but no reason right now why there would be a recession. there's no obvious reason why there would be the strong growth, driven largely by consumer spending, accounting for roughly two thirds of us economic

of the john marshall center for constitutional and civics at the virginia museum history and culture jay barth, director of the william j. clinton presidential library and museum john bridgeland co-chaired ceo move perfect and former director white house domestic policy council and julia kaufman associate department director and senior researcher for rand. please join me in welcoming our. tt, thank you so much for wonderful introduction. we're going to dig right in to this panel and i'm going to ask this first which civics and history are two sides of the same coin? how do you view the relationship between the two? well i think you put it well. they are the two sides of the same coin. i think they really work together. maybe like gears one drives the other. i think one way that we look at it, at the john marshall center, is that history really answers the why of civics. we look backwards to see how we govern and form communities today. and i think that's so important. and then i think civics answers the why does it matter now of history? and that's probably our biggest challenge is makin

. >> abc's jay o'brien has the latest on this race from washington. jay good morning. >> lionel. good morning. as nikki haley vows to stay in the race through her home state of south carolina's primary next month, she's issuing a challenge this morning to former president trump and the next president of the united states, nikki haley. this morning, nikki haley defied it on her home turf in south carolina as she faces increasing pressure to drop out of the race . >> bring it donald, show me what you got. >> at a rally last night, haley saying her campaign has raised $1 million since tuesday night when she lost to donald trump in new hampshire. >> we have had 200,000 donors from all 50 states, 95% of those donations are $200 or less. this is about real americans. >> but haley losing at least one big donor for now. read hoffman, the billionaire co-founder of linkedin, saying he's holding off making any new investments in haley until he sees a path for her to win. and now trump, appearing to pressure haley donors while again referring to her as bird brain. trump posting on social med

jay powell is a card-carrying republican who was initially appointed by donald trump. particularly partisan at all, but i don't think he is doing this to help joe biden. kriti: it's interesting when you talk about jay powell and his initial iteration under president trump, he actually was advocating for insurance cuts at a time when they are talking about the trade war. we could dive into this for hours, but john authers, we have to leave it there, he is our senior editor and opinion columnist. not to mention a 29-year veteran of the financial times. stick with us. this is bloomberg. ♪ kriti: welcome back to "bloomberg daybreak: europe." as we sign off, i want to put one chart on your radar talking about the liquidity story. we spent 10 minutes diving into it with john authers. this is the takeaway, in yesterday's fomc minutes, there was the big conversation about how you put a pause on some of this quantitative tightening. you are seeing the bank reserves at $3.5 trillion, well above the levels in 2022. when do you stop that qt, and what kind of dislocation doesn't cr

jay powell and company have their hands full.y may do next. if you had a chance to talk to jay powell and the folks at fomc, what advice would you give them? >> the problem with the fed right now, if i can be, i don't think these people are the right people to be the fed, to be honest with you but what you want to do is control the fed's balance sheet. don't go out buying bonds and creating monetary base all over the place. you don't want to do that. you want to gradually and slowly reduce the size of the federal reserve's balance sheet way down. it was, i forget in 2008 it was 800 billion. now it is six 1/2 or seven trillion. that is just not smart, good economics. and they're trying to, they're trying to play the economy, gauge it. these people aren't qualified to do that. eastern paul volcker wasn't. paul volcker did the best job ever. alan greenspan did a great, great job. mcchesney martin was phenomenal. go back to those it's stability, it is stable. let these things grow slowly and properly and keep a lid on the process so

good morning i'm so fascinated by you, jay.ourself? and might help others, too >> a big part of it is finding that time to keep digging, keep finding, keep staying curious. i love learning from the guests on my show and learning from you. i like to listen and learn to as many people as i can >> you travel around >> i travel around the world, try to discover new insights and ideas. >> i love this let's talk about the first of the year, we have big, huge lofty goals. things we want to accomplish, and sometimes by around now, we feel let down. >> yes, yes. studies show that 43% of us will quit on our goals by the end of january. i'm glad we're talking about this right now the reason is, because we don't have three things. they are a purpose, the people we need and ones to let go and a plan >> purpose is tricky, because so many people, that's probably the most asked question you get. i want to find out my purpose. so how do you start to tackle that p >> i want to make it really simple for everyone. this isn't about your big purpose

late night comedy king jay leno has jokes about politics but the impact of the promise is no laughing that is next. ♪ ♪ ♪ ♪ ♪. tomi: welcome back to "the big weekend show" speculation about a kansas city chiefs man after three of his fans found dead in his backyard after they watch the big game. tonight were learning more about him christina coleman has a vaccination exclusive. >> in an exclusive vaccination interview jordan willis' family says is very depressed as people speculate about the case, the source that wants to remain anonymous says not only is a whole country accusing him of murdering his friends without factual details evidence or charges at this time but he also lost three close friends, david harrington, ricky johnson and clay mcgivney went to his house to watch the kids to the chiefs play on january 7. two days later they were found dead in his backyard his attorney remains his client did nothing wrong he thought his friends left his house and then he went to sleep. >> he slept most of the morning on monday he got up and at some point he relocated to the bedroom and go

abc's jay o'brien from washington tonight. >> reporter: tonight, an urgent search and rescue operation underway for two elite u.s. navy s.e.a.l.s missing after falling into the water during a nighttime boarding operation, according to two u.s. officials. it is unclear what prompted the s.e.a.l.s to board the vessel, conducting the operation in pitch black on the open ocean on thursday. >> doing boarding operations in the ocean at night are some of the most dangerous things that you can do. for seasoned operators, they'll tell you it's the most dangerous thing that we do. >> reporter: the s.e.a.l.s operating in the gulf of aden, between somalia and yemen, now a hotspot of u.s. naval activity after at least 28 attacks in recent months on commercial ships in the region by iran-backed houthi militants. overnight the u.s. conducting another retaliatory strike against the militia group. and just this week, a massive joint u.s./uk assault targeting the houthi's operations. a barrage of 150 bombs and tomahawk cruise missiles hitting at least 60 houthi targets across more than two dozen locatio

jay, thank you. jaclyn lee joins us from the border in california. we heard from jay if that bill passed, president biden would shut the border down. what are you learning about the latest apprehensions as president biden and texas governor greg abbott remain locked in this bitter dispute? >> reporter: we're seeing a sharp decline in total apprehensions. there are about 4300 apprehensions per day. compare that to last month which had nearly 11,000 apprehensions per day, which by the way, holds a record for the most apprehensions in a month. border crossings have typically declined immediately after the holiday season. only to rebound around the spring. in texas, state attorney general ken paxton denying federal border patrol agents unrestricted access to shelby park, stating they will not allow it to turn into an unofficial port of entry. this after the state seized control of the park to arrest migrants, and a supreme court ruling stating those federal agents can cut razor wire installed by the texas national guard along the rio grande. this continu

stage is joni albrecht, director of the john marshall center for virginia museum history and culture jay barth, director of the william j. clinton presidential library and ohn bridgeland co-chaired ceo move perfect and former director white house domestic policy l kaufman associate department director and senior researcher for rand. please join me in welcoming our. matt, thank you so much for wonderful introduction. we're going to dig right in to this ask this first question, which civics and history are two sides of the same relationship between the two? well i think you put it well. they are the two sides of the same coin. i think they really work together. maybe like gears one drives the other. i think one way that we look at itjohn marshall center is that history really answers the why of civics. we look backwards to see how we govern and form communities today. and i think that's so important. and then i think civics answers the why does it matter now of y? and that's probably our biggest challenge is making history relevant? but civics can provide that. so we've just joined a museu

listening to jay leno, because i've always thought of jay leno as being above all of this nonsense. >> yeah, but even he can't hel he yeah, but even he can't hel it. >> he was in there and has such contempt for a truck driveremptf who wouldn't know the cost of a gallonor drive of diesel. >> i know to the city has >> i know to the city has the end. >> this is a car guy. jay leno. of all this guy people.becaus yeah, i could. yeah, exactly. because he can't make hee his t payment because the price of diesel fuele has gone too high. but the other thing that's going on herg the is they had sh profound contempt, not just for people and voters, but for the whole the whole american system of allowing people to have a vote and allowing voters to be in charge of who runs our country. >> they hate it there. .they're all in favor of people having an opinion as long as it's exactly their opinion, you're not allowed to have an gou're not allowed to have an them. >> and if it is because they're going to cry about it, they're not allowed to having to a different opinion. >> have you ever heard anybod

jay, are you anticipating a downturn still? >> yeah.kelly, i would say it's going to be a modest downturn. i would want to stress that. i don't think we're looking at a major pullback in the economy, but we are starting to see some cracks in terms of the consumer spending, and the fed is still in restrictive territory. that puts some headwinds on growth in the coming quarters. >> so what would you say that implies for, you know, not that it's where you kind of have to make your calls, jay, but those expecting fed rate cuts and maybe in march, are they right because of the slowing economy? >> you know, kelly, i think march is a little bit premature. at this point, if you're looking for reading through the minutes of the january fomc meeting the other day, i don't think they're at that point yet. i think something would have to fall apart in the economy where you see a rate cut actually in march. could we see one in may? that's very possible to see one in may. but march at this point seems a little premature for me. but once they start mo

dark out thank you so much, and thank you, jay, for being here.it is a pretty busy day, to put it mildly. let's take a look at the bitcoin trust. take a look at volume, is definitely winning that race with almost 19 million shares traded, but that's talk about assets and let's talk about flows because bloomberg intelligence as estimated it is possible that lockout has succeeded with two bill enough -- $2 billion. first question, if this five seated? -- is this fund seated? >> what we are really focused on is the volume and frankly the long term. this is day one, we are excited to be at the starting line, really looking forward to that continued growth of this product alongside the rest of our etf. alex: what do you expect the kind of uptake for all of these products is going to be? how rapid can the judge it? >> it is tough to say, we have to go back to the etf structure itself and the access it provides to investors. there's a lot of different investor types that can now access bitcoin, i think that with the kind of prove out over time. guy: my t

abc's jay o'brien is on capitol hill with the latest on that.d morning. >> reporter: rhiannon, good morning. we're learning more this morning about what is exactly in a long-awaited bipartisan immigration deal that senators have been haggling over for weeks here on capitol hill, but any agreement still faces an uphill battle. this morning, signs a bipartisan group of senators could announce a landmark immigration deal at any moment after months of talks. sources familiar with the negotiations telling abc news the deal gives the department of homeland security the authority to shut down the border. if migrant crossings or encounters surge beyond border patrol's capacity. asylum seekers would still be allowed through regular ports of entry. the bill would also speed up the processing of asylum claims. requiring cases be evaluated in six months. but this morning, signs any agreement is in jeopardy with donald trump continuing to pressure congressional republicans not to compromise, including last night at a rally in nevada. >> there is zero chance

which brought us to this next topic which is jay leno.f people loved him, and the reason is he usually took on both sides. you've seen how late night comedy it's all left wing, it's all bash trump. i don't know what jay leno's politics are, but he was a fun-loving guy. made fun of democrats, made fun of republicans for the most part. i'm sure people have done the math and maybe he skewed one way or another, but he was on with our own piers morgan talking about the state of politics and what you can actually joke about. here he is talking about some jokes he doesn't tell anymore, watch. >> i just stopped doing politics in my act altogether because, you know, when i did the tonight show, the idea was to make fun of both sides equally. you're a republican p well, you and your democratic buddies, and they'd be angry. that's good, you know? if now you've got to take a side, and people -- you know. >> and i find when i start to tell a political joke, they want to know the punchline before, is this pro or against? you know, so i just stopped doi

jay powell seems to be leaning further away from that.till waiting for a bigger division to really be seen. what does that mean in terms of the readthrough into the rest of the world? is this when we start to see a division between the u.s. and some of these other economies? jill: that is possible. we have to look to see whether there is a consolidation once we get to the fed meeting at the end of this month. whether we start to see a clear trajectory toward when we might actually expect a put. you mentioned the rest of the world. it is a difficult time when no matter where you are, if you are the ecb you are dealing with some similar but obviously somewhat different issues than what the fed is dealing with. maybe you start to see a bit of a division or diversions as you get into the rest of this year. we are very early in 2024. we have to see what ends up happening. it does not change the case that all eyes are on when the first fed cut is going to end up happening this year. kriti: and do you start to see the rest of them follow? bloomb

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>> you know what i think deep down, i think he under jay johnson he played the game.nk he's always been about open borders. i tell you, i heard the prior conversation, i don't care if president biden ordered him or not. you don't have to follow illegal orders. if he had an ounce of integrity, knowing the national security threat that's been created here, over 300 people on the terrorist watch list were arrested on the southern born deer in three years, under president trump we had 11 in four years. knows they're coming from 180 different countries, knows they're shy of 2 million got aways. he hasn't done a damn thing to stall the flow. if he had integrity he would tell the white house change policy or i would resign. a be better man would do it. his job is to protect the country, he's not doing it. >> make sure i understand this correctly. of course there's the flow, there's the incentive, the invitation to the vast numbers we're seeing at our southern border and there's the got aways but the am amnesty process, wee the numbers of people that come over intentionally s

eastern followed by chairman jay powell's press conference at 230.e with rate hikes, willing to great heights off the table and willie suggests that rate cuts are coming. i spoke with chief economic nick timiraos on this program on what he expects to hear from powell, watch. >> one question how do they massage the language in the statement and how does jay powell the chair playthings at the press conference last time he struck people as more devilish than they expected, we did talk about rate cuts today in the market reacted to that, that could lead to be a little bit more careful. we will see he has every reason to keep his options open and will be up to us in the press to penn him down. maria: joining us security ahead of u.s. rates gregory for a narrow, great to be here, what you expected it. >> i think nick has it right, 2:00 o'clock will look at the statement. the chairman owes it to the market to take the tightening bias out, they're not saying they could raise rates anytime soon but the biases still in there. given what we saw in november and

i think what question, how do they massage the language in the statement and how does jay powell the at the press conference, last time he struck people as more garbage than they expected and he said we talked about rate cuts today and the market reacted to that. that could lead him to be more careful. we will see he has every reason here to keep his options open. it'll be up to us to penn him down. maria: we will leave it there, always a pleasure. thank you, sir. >> thank you for having me. nick tim arose from the wall street journal. gm is on a roll, stock is rallying, jetblue and gm crossing the tape cheryl casone with all the numbers. >> gm, let's start with this a double beat about 24 with earnings on per-share the estimate was a dollar 16, year oh, you for year that the decline of 30% but it be on earnings-per-share they be on revenue 42.98 billion, revenue the estimate was 38.67 billion, the big? for gm, this is going to come up on the conference call what is your plan for electric vehicles yet the cruise unit debacle obviously they went all in on ev's the dealers while hybrid

. >> joining us is nbc's jay gray. jay, we want to ask you, what can many more months of fighting look like? >> reporter: look, prime minister benjamin netanyahu echoing what military leaders have been saying over the last couple days, that this is going to stretch several months into the new year. what we know is that the fighting continues to be very intense around the khan yunis area. that's where they believe many of the hamas leaders are holed up. you should expect to see that fighting continue. we know the air strikes are continuing as well. what they are telling us, the idf, they are making significant progress. that they've taken out command and control centers that they've exposed and destroyed a lot of the tunnels there and some of the rocket launch areas and other military facilities, but they are not anywhere close to their stated goal of ridding the area of hamas. they say they're not going to stop until that happens. we know they have plans to continue pushing through the center of gaza and eventually mov

jay lepo i jay leno is one of the guest, hean is -- best, he is going through a tough thing with hisright now, and johnny carson. >> you see some comediansha that go there. you look at dave chappelle, he refuses to back down to woke mob.to >> i lik be he talked about lgbtq, and transgender, my jok friend told me they ared after me, and his responsere was, many theys or singular they, you know, they go by a plural, they don't try continued to us, they don't try to understand republicans we saw that is "saturday night live" making fun of donald trump using"s wordat debanking, they were unaware it was happening, you have financial institutions debanking conservatives, they is how unaware they are of what isns happening, i e think if comedians attacked both o sides, it would bridge bring us together. >> to be fair on snl when they do donald trump skits they are funny, as a trumpthei supporter, i can watch andin laugh, if they brought in the other tried that would could great.he >> joe biden is putting ajo worker's hate on backyardsds there is i -- target rich environment. >> it is not jo

remember the dovish press conference from jay powell?eeting, but the data around that continues to be solid. him reinforcing that risk may be. let's talk about those fed minutes and what they will tell the markets about just how many rate cuts we will get this. year andwhere they will start chief u.s. economist joining us now. the south was that jay powell was dovish but that the data is strong. listening to plenty of people talk about the economy, how do these things fit together with what we. and are going to get in the minutes? >> i think the data are showing that inflation and the labor market are moving in the right direction. that is the dual mandate. rates will move lower. but in terms of the fatah and what the fed is looking at, inflation in the labor markets are moving in the right direction. that will be the focus. in terms of what they do, the minutes, i am not sure what they will reveal. what chair powell said, many participants expressed their views, that discussion was going to happen. i think that is probably what they wil

everybody will be watching jay powell. fed-watchers will hint, start to hint they will have quantitative tightening. obviously jay powell has to alert us before they give cuts, right? they have to give some sort of a signal? >> the fed has completely lost control of its messages because at the last fomc press conference, powell said quote, unquote, we're not talking about slowing down qt. in the the minutes of the meeting three weeks later there was a big discussion slowing down qf. i just don't know what to believe anymore. i don't know what they believe they want us to believe but i will tell you this, when you're in a emergency, when you're in a banking crisis like 2009, when you're in a global shutdown like 2020 it makes all the sense in the world for the fed to do qe. it really is e, easing. taking duration out of the market buying long-term bonds. but when times are normal like they are right now reducing the fed's balance sheet is not qt. it is not tightening. right now nobody cares about risk. it is not a problem.

too jay-z -- don't we love jay-z [ cheers and applause yes, we do i adore this man and it started becausen go see it now until december 4th, his birthday it's called the exhibit of hov, "the book of hov." and it takes you through his career, from the time he was a teenager to where he is now, business mogul and i asked him, "i would love to do the exhibit, and do a walk and talk." he said, "that's a good idea." i go, "no, with you. "no, not by myself, with you." [ laughter ] >> seth: well, that's very smart. you're a very good interviewer >> i'm finding, seth, groveling really, really -- can be very effective. [ laughter ] i'm not kidding. oprah said to me, "stop asking him, gayle he doesn't want to do it, you're embarrassing yourself. but i just thought it was such -- number one, and he rarely does interviews he's one of those rare people like taylor, bruce springsteen, beyonce, they don't have to do anything because we're all coming >> seth: yes >> it's true they don't have to do anything, we're coming but if there ever was a time to do the interview, i guess his team convinced him, i d