you know, larry summers, a smart guy. smart.ates and car loan rates in it, we have a chart to put up. that old cpi, would have registered 18 % anonymous inflation rate last year, it would have come down. but only to 7% now, you put in credit card courts i costs it will be worse, this why people can't stand bidenomics and consumer confidence is low. >> it shows what hatches when -- happens when you live in a bubble, amazing that summers pointed out pre1983. you put that in, this is what people see. combine food, people see a couple times a week, they are still high and payments you write i've month. and you put that together, people feel the treadmill is winning, white house is oblivious to this, what is happening in the real world, and what will happen, if we don't get our house in order, we all know interest costs about up putting the economy further bind. larry: i think that is right, faulkender, white house they don't understand, they think it is so good, they don't understand why biden's economic polls are so bad and they do

katie: that was wall street post-david westin talking to larry summers.ill hear from barclays global head of technology investment banking. that's at 6 p.m. eastern time. this is bloomberg. ♪ ♪ katie: it's my favorite part of the week because it's time for etf friday. we are looking at etf derivatives. i am thrilled to say we have eric balchunas, bloomberg intelligence senior etf analyst. let's talk about etf launches. january was insane, february a little more muted but still pretty brisk i would say. talk me through what we are seeing. >> the bitcoin etf got all the attention but there's only nine of them. then you've got 93 total. we forget that there is a lot of product coming to market that's obviously part of the reason is there is so many assets and flows coming in so all kinds of people are launching all kinds of stuff. some things we are noticing is we are still seeing actively manage c.t.s. and the use of derivatives to sculpt outcomes and create trading tool prepackaged trades. kweb a big hit from five years ago and now there is kbbuf which isf

you know, larry summers, a smart guy. smart.ge rates and car loan rates in it, we have a chart to put up. that old cpi, would have registered 18 % anony inflation rate last year, it would have come down. but only to 7% now, you put in credit card courts costs it will be worse, this why people can't stand bidenomics and consumer confidence is low. >> it shows what hatches when -- happens when you live in a bubble, amazing that summers pointed out pre1983. you put that in, this is what people see. combine food, people see a couple times a week, they are still high and payments you write i've month. and you put that together, people feel the treadmill is winning, white house is oblivious to this, what is happening in the real world, and what will happen, if we don't get our house in order, we all know interest costs about up putting the economy further bind. larry: i think that is right, faulkender, white house they don't understand, they think it is so good, they don't understand why biden's economic polls are so bad and they don'

what larry summers' study is saying, those numbers are not being computed into the actual cpi numberslarry: right. >> i think inflation is probably a little bit worse than actually the official numbers are indicating. larry: could be much worse. they took the mortgage costs out. >> right. larry: they took the car loan costs out? >> right. larry: i don't think they ever had the credit card stuff in there but we're going to put it up on the full screen. i don't know if you guys can see it or not but summers reconstructed the cpi based on what he thinks would be pre-1983. so the peak in inflation was not 9% it was 18%. yes it has come down, but according to his chart through last november, it is still at 7% because it is very interesting because all these borrowing costs are very high and it is strangling consumers. you know, arthur, that helps explain, even with lower inflation joe biden's approval rating on the economy is rock bottom. you can see the consumer sentiment indexes they're running 90, 95, but in the middle of the trump term it was 140. consumer sentiment is bad and part of

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in a report, former treasury secretary larry summers has recontrucked old cpi from '70s and 80s that included personal borrowing costsic. for some reason, these costs were removed from the consumer price index at some point during the mid and late 1990s. but one reason why joe biden has a rock bottom economic approval rating and consumer sensent am i is -- sentiment is low, car loans are 10%. credit card loans are up 24%, and mortgage rates above 7%. this is all causing great consumer unhappiness, even though the experts took these personal interest rate costs from the inflation indexes, summers recon vehicrestructed the cpi and came up with 18% inflation peak. and a 7% inflation rate in november 2023. the story is worse. the official cpi, 3.2% for the year ending in february. since the beginning, of joe biden's term the price level has gone up over 18%. groceries -- 21%, energy 30% with this jpol j. powell is right. but remember, on broadway, in is no such thing as a one act, play, we'll talk about this, bringing in our experts, steve moore committee t to unleash prosperity, and art

larry summers has come on inside his much higher than that. you have said you think it is higher.udied the most the 10 year rate, the long-term date , -- data, it's more in the range of 1.5, 2% than in the 0% that it was from 2012-2020 one. short-term rate, it's possible the term premiums change. look at the economy? it doesn't feel like we have a tight monetary policy. if we were 3% above a neutral rate you would think something would've had faster and harder. i would agree with my colleague larry summers, we are probably more like a person or 1.5 what would be a neutral rate. if you're aiming for 2.5 i think he will stop a long time before you cut there. david: bring us back to that question of biden or trump next year, either one of them will have to deal with the consequences of it. assumptions of the budget are much more modest when it comes to budget. ken: there are two ways they could go a kid in-depth -- in-depth and inflation. that's why inflation is stuck at a high level because we just experienced this inflation burst. one possibility is that there is inflation we ratch

in a report, former treasury secretary larry summers has recontrucked old cpi from '70s and 80s that included personal borrowing costsic. for some reason, these costs were removed from the consumer price index at some point during the mid and late 1990s. but one reason why joe biden has a rock bottom economic approval rating and consumer ssent am is -- sentiment is low, car loans are 10%. credit card loans are up 24%, and mortgage rates above 7%. this is all causing great consumer unhappiness, even though the experts took these personal interest rate costs from the inflation indexes, summers recon restructed the cpi and came up with 18% inflation peak. and a 7% inflation rate in november 2023. the story is worse. the official cpi, 3.2% for the year ending in february. since the beginning, of joe biden's term the price level has gone up over 18%. groceries -- 21%, energy 30% with this jp j. powell is right. but remember, on broadway, in is no such thing as a one act, play, we'll talk about this, bringing in our experts, steve moore committee to unleash prosperity, and art laffer, form

larry summers recently produced a study arguing the cost of money is part of the cost of living. so we have this weird paradox you are trying to keep the cost of groceries down by raising interest rates but as the ranking member points out the big issue is housing. and your measure of inflation seems to treat all americans as renters even though two thirds are homeowners. and so when interest rates go up that is an increase in the cost of living for anyone with an adjustable rate mortgage, anyone looking to buy a house, anyone with a home equity loan. obviously we would cut interest rates a little bit sooner and a little more if your target was something closer to 2.3%. so i will ask you is there substantial economic analysis that argues that your target rate in the economy would work better if we had a slightly higher target than 2%. chr. powell: not really. what's happened as you pointed out in new zealand, 2% has become the global standard and the durable standard. i don't have any reason to think it's a problem for the united states to get to 2% inflation. we were at 2.4% now

larry summers said it was not correct. they corrected the overhang.t rates to we file their mortgages. the other fundamental difference , before covid, people were uncertain. there was a high degree of uncertainty. corporations making sure. now there is a lot more maturity . the question is, does it come back from three to two? it is a bond market. the 10-year note should take the inflation target and the underlying trade for the economy. we are basically in the middle of that range right now. we are nowhere near that range. this is the problem for the federal reserve. they do not have a 3% target. markets are allowing them to continue to be patient. at some point they might say, we will allow you to be patient. as the risk, if they move. you could reverse a lot of the goods inflation. this is why they have to be patient. they will have to be patient through the year. they do not want to sit this economy back. my consideration is the yield curve could stay inverted a lot longer. nobody borrows at the front end of the curve like they used to. jonathan:

francine: that was larry summers speaking with bloomberg's david westin on wall street week, this isns. congratulations to them for putting this altogether. a lot of the stock has been on stocks at a record high, but what we should focus our attention on is also that this is all intertwined with friendlier financing conditions and it's very clear that these financial conditions have been loosening. this means companies looking to refinance, thanks to the credit markets, it means that this comes easier. this has a huge interplay with transition of monetary mechanism but while u.s. markets have stolen much of the spotlight, financial conditions are easing in a lot of places. i'm not only looking at the u.s., but emerging markets as well. coming up, pascal, the euro group president joins us live from the euro summit. that exclusive conversation on the pulse at 9:10 a.m. that's daybreak. we will have plenty more throughout the day. ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can sa

. >> when you don't have a record to run on that's a good thing to do but as larry summers pointed outand credit cards, inflation is 7% or 8%, not 3%. for some reason they leave out financial costs and the peak was 18% so when biden says happy days are here again people wonder when they get the bills why payments are 50 or one hundred% higher than it was 2 or 3 years ago. rob: thoughts on donald trump and who he picks as a running mate to balance out, there was talk of marco rubio from florida, or somewhere else, what do you think? >> people wait to make a decision and right up to the last moment a lot of forces at work, people like marsha blackburn of tennessee, a kind of person who's serious about going after the administrative state, the deep state and the like so right now he's throwing out a lot of names, give people their do for endorsing the man take it when the decision is made in july and august. he will enjoy every moment of it and is not one to shy away from people guessing about his next move. neil: you are very good at this and making sense of a crazy world, steve forbes o

summers from harvard university, who was involved in privatization here.o have a whole institute that is supposed to study the usa and canada, but i don’t understand what they study, well, because if you look, the most unreformed state system is in the usa, the most archaic, the most outdated, but in our country they still call it young, how young, everyone else went through at least some and quite significant battles with their civilians, here nothing is absolutely archaic, nothing reflects anything. please were involved in the event long-range bombers mik-31 with the kinjal aviation complex and tu-22 n3. during the flight, the crew of the mika aircraft worked until refueling; fighter escort was provided by the crews of the su-30 cm and su-35s aircraft of the aerospace forces. at certain stages of the route, the vks aircraft were accompanied by fighters from foreign countries, which we, out of our kindness, decided not to shoot down. let the dagger down. this is beauty, yes, beauty, now we will show foreigners who were very, very scared at that moment, ye

treasury secretary larry summers on the fed. let's bring back johann ne-yo victory no.hinks market pricing for fed cuts is close in line with fed forecasts for now. first up, reaction. no itchy fingers. don't be in a hurry to cut rates. >> there's a reason not to be hurried. at the end of the day, that's what the fed is saying. they are not in a hurry. it's only three cuts. even if they do cut by three times this year, it is still higher than where we started. but i think what we are looking at is, where is the potential growth in the u.s.? how much lower can the interest rates go from here? at this point, the market can only focus on the cuts this year. after all, we are in an election year. haslinda: it is higher for longer. three cuts this year. in 2025, they factored in fewer the -- fear cuts. >> exactly. when you talk about the geopolitical risks that could model the conversation later on, they may not be able to cut further in 2025. there could be new drivers of inflation. that would really be driven by u.s. industrial policy or maybe even trade policy. nobody is

friday we are going to have larry summers, the co-author, to talk about that paper.portantly, talk about the jobs numbers friday. and also we have the state of the union on thursday. we are going to ask larry what he thought of that. a full discussion coming up friday at 6:00 p.m. eastern time. katie: busy week. great conversations coming up. david westin, thank you so much. this is bloomberg. ♪ you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh katie: voters from 15 states are heading to the polls today for the super tuesday primaries, and 13 of those 15 states are winner take all states, meaning the former president could secure the republican nomination tonight. joining us now is kailey leinz for more. it sounds like tonight could easily turn into a victory lap for donald trump. kailey: it is the expectation. he could sweep all 15 of the super tuesday states after winning almost every single primary because far. the exception of here in washington over this past weekend. nikki haley did win the primary here. as you say,

fastt years people like larry summers, the former president of harvard, has looked at the data and concludedry than a third of men between the ages 25 and 54 will be out of work. now, the under education, the failure to educate, educate young men creates all sorts of problems for them, for women who them. and it it's dangerous for. the future of our economy. now$u problem and they're forming commissions and doing all sorts of studies and such. what's happening here? it'years radio silence nothing except in the think tanks. the think tanks are doing it right now. reeves written a very good book on the precarious state of boys. a lot of the same information i had that mortens h■gad way back the eighties. and now he's setting up a center for the study of men and boys. what? i don't have much time. but just to say what the forces against us. why is one prepared to listen? one thing i think the schools of they are carried away with an agenda that does not include, you know, specialties in how to save boys. there's an article by lyle asher, a scholar in the ■z 2008, called how schools of education

joe was warm even by democratic economists like larry summers it's irresponsible to send spend the money spend he said i would rather do too much than too little. he sure is done too much to the american people. they are unhappy and justifiably so. jon: the fed is not indicated is going be dropping interest rates anytime soon, right? >> right. people are now relying on credit cards. they are piling on more credit card debt. if it is not dro d dropped intet rates soon those interest payments are going to start group to become burdensome. unfortunately americans are now maintain their standard of living by borrowing. we all know that can only go so far. if things don't get better by july he is in a lot of trouble. he can raise all the money he wants of bill clinton and barack obama. but if people feel they're hurting they're going to take it out on the polls. one way or another he can run all the ads he wants in michigan. if people find cars are too expensive milk is too expensive, gas is too expensive they're going to pull the lever for the other guy. jon: former u.s. international trade

fast forward recent years people like larry summers, the former president of harvard, has looked at thetween the ages 25 a4 will be out of work. now, the under education, the young men creates all sorts of problems for them, for women who wieir tures with them. and it it's dangerous for. the future of our economy. now problem and they're forming commissions and doing all sorts of studies and such. what's happening here? it's still, after all these years radio silence nothing except in the think tanks. the think tanks are doing it right now. brookings,ichard■ reeves written a very good book on the precarious state of boys. a lot of the same information i had that mortenson had way back the eighties. and now he's setting up a center for the study of men and boys. what? i don't have much time. but just to say wt forces against us. why is one prepared to listen? one thing i think the schools of education are a big problem. they are carried away with an agenda that does not include, save boys.9 there's an article by lyle asher, a scholar in the chronicle of higher education in 2008, called h

summers told them, don't try to pass these big spending bills, you are going to cause more of a problemont, two things beer in one, i want to know this: who runs the cookie monster account? who is being political with the cookie monster account? "sesame street" is public television and i want to know, jessica waters, nobody is answering questions about who is behind the actual cookie monster account. bob casey, the senator from pennsylvania and a tough race, he actually responds to cookie monster. it is so cringe, the cookie monster then hid the reply, because you can do that. there is some weird things going on on the cookie monster account and i think jesse is a kind of buy they can get to the bottom of it. >> jeanine: no more questions, just hit it. >> jesse: the president is talking about snacks, judge. state of the unit and is on thursday. talking about snacks. snacks. pay a dollar for fritos, supposed to get 20 and you get 16. strike force for four missing fritos? you have to be kidding me. i am from the northeast, where people complain for a living. i have never ever heard anybod

it was all about the economy.y even today, larry summers, a big democrat work, was trying to warn bidenation is probaby worse.se t so i know why he went to wisconsin, he's going to try to find a way to run that up butm the problem is, they are all for policies like ev's, student loal forgiveness,ik the climate stuff that are pushing up inflationt r and hurting the people that the democrats have usually been able to reach and so i don't think that this is falling on deafk co ears in the black community.hat does that mean that president o trump can geutt them out there o vote for him?i th i think that remains to be seen' there's a lot that has to be done in terms of the actual getv out and vote efforts. certainly at the state level. the state republican committee. >> they want to start a family t so i guess the abortion ruling won't have an effect on them, sadly to all you democrats. jesse, i think they want us to accept the prompt -- premisep that trump is drowning. >> he's swimming backstroke around joe biden.. he's up in every battleground,pa even up nationally which isnh unheard of fo

treasury secretary and thinking of larry summers and new inflation report and mortgage and car loansas not record 9% hitting that year and it was 18% and what is it now? sounds really high. >> it is. not 2-3% they're banning about now and 7 or 8% and you take somebody took a 250,000 mortgage a few years ago before biden took office, it was $1,000 a month. now it's over $1,600 a month so for middle class, under middle class family, that's several $6 or $7,000 extra a year they're having to pay out. the real cost of living, that's why people are so sour in this country, despite the official statistics, which show biden worships and in reality they go to store and the gas pump or paying those monthly payments on credit cards and car loans and mortgages and they see costs going up and not down. elizabeth: you know, what's happening is key swing state of nevada he's neck and neck and in georgia and north carolina, biden is losing to trump as of right now, we know it's early in the race. this new poll out of marist shows black voters backing off biden. biden was around 79% among black vote

even today, larry summers, who was a big democrat, trying to warn biden about inflation for a long timee. i know why he went to wisconsin. he is going to try to figure out a way to run that up. but the problem is, the awfls that you talk about, they are all for policies like evs, student loan forgiveness, the climate stuff, that are pushing up inflation and hurting the people that the democrats have usually been able to reach. and so i don't think this is falling on deaf ears in the black community. does that mean president trump could get them out there to vote for him? i think that remains to be seen. i think there's a lot that has to be done in terms of the actual get out the vote efforts at the rnc and national level but certainly at the state level. the state republican committee, no bueno. >> greg: they want to start a family, so i guess the abortion ruling will not have an effect on them, sadly, to all the democrats. jesse come i think carville wants us to accept the premise, which is that trump is drowning. >> jesse: he is swimming backstroke around joe biden. [laughter] he is u

summers about whether it was possible to get it down this far has ever said no, without employment in c1 will you think john by the way c5 boy think it was absolutely right as i was somers on people so there's no way to get inflation down without raising employment. john: we did as he looking for job openings and he said we could bring it down bring it down it will help bring down inflation and that's what happened but think of it as an appointment, it's not clear that inflation can keep coming down wohlers been cognizant of this and he said right now we have is almost is fully long scenario we have inflation coming down and unemployment staying very low, and the economy is growing, very fast pace of the can't keep going some point, hyperinflation asked to break higher or growth passes sodium wrong way to keep up. david: you wouldn't know this guy because if donald trump is elected in 2026, when jerome powell has to go away a donald trump said he will describe my be the next head of the fed right. john: deadly he would be one of the best of the heads of the fed we've had in a very lon

summers, jason furman and other democratic economists that served in the biden administration and saidyou're doing. handing out this massive stimulus at a time when the economy is supply constrained. it will be inflationary. guess what? inflation went up to 9%. a large part of that was global. it was coming from the supply side, from the supply chain constraints that we saw after covid. but they added fuel to that fire at a critical time. we saw that. they increased demand. demand that couldn't be met by the supply out there. what you get is an increase inflation. now the federal reserve belatedly had to raise interest rates to deal with that. now having really contributed to this firestorm of inflation in the first place, they're now claiming that the credit for having puts it out when they did create most of the firestorm and it's the federal reserve that has put it out, again, the key thing here, neil, nobody buys this. nobody buys the idea that the biden administration is not responsible for inflation. nobody buys the idea that they have been successful in putting it out. nobody bu

larry: larry summers who, by the way, was dead right three years ago about the inflation rate and saidhis fed should stop worrying about climate change and woke social policies and focus on -- >> jerome powell said that thissing week. he said that the he believes they can achieve this target in a matter of months. so he's already -- >> you mean the 2% target. >> yes. >> i doubt that because we're not headed to rah right now. and by the way, do you remember the fed chairman who really kept an eye on commodity prices? larry: yes. >> it was paul volcker. larry: paul volcker. and you had wayne with angel and manly johnson and --manly johnson and wall street jockeys like myself urging them on because that was real price level stability. the fed should do that now, by the way, because tease are warnings signals. >> i want the people at the fed to go to the grocery store, buy a car, pay for their energy bills because you just get a totally different perception of of what's happening with prices -- >> because it's really easy for any mom at home who went to the grocery store today to know that

elizabeth: look at larry summers tweeting that that's why u.s. consumer sentiment is down. black vote. biden in 2020 got nearly 90% of the black vote, about two-thirds of the latino rote. now that's dropped more than 20 points to just 63% of the black vote in a "usa today" poll, and both polls also show trump winning latinos, new york times and the "usa today" poll, trump's winning latinos right now by 6 points. final word. >> yeah. it is an incredible rea alinement that actually began in 2016, liz x and this is the trump reassignment. two major -- realignment. two major issues bringing black votersers, latino voters, women, one is the economy which has faltered dramatically under joe biden and the second is the wide open border and illegal immigration which is flooding their communities with illegals and draining all the resources that used to flow to them. they are really angry about it, and and they're looking at trump and the gop with a new eye. elizabeth: got it. monica crowley, good to see you again. come back soon, okay? >> thanks, liz. you bet. elizabeth: okay, this

fast forward recent years people like larry summers, the former president of harvard, has looked at the data and concluded that by mid-century than a third of men between the ages 25 and 54 will be out of work. now, the under education, the failure to educate, educate young men creates all sorts of problems for them, for women who will make their futures with them. and it it's dangerous for. the future of our economy. now other have this problem and they're forming commissions and doing all sorts of studies and such. what's happening here? it's still, after all these years radio silence nothing except in the think tanks. the think tanks are doing it right now. brookings, richard reeves written a very good book on the precarious state of boys. a lot of the same information i had that mortenson had way back the eighties. and now he's setting up a center for the study of men and boys. what? i don't have much time. but just to say what the forces against us. why is one prepared to listen? one thing i think the schools of education are a big problem. they are carried away with an agenda that

the other board members are staying, larry summers and brett taylor the former salesforce and facebookoard member that is. and then let me go over what happened here in their reviews. so this was done by the law firm wilmerhale over the last several months and some of their findings include that the prior board did have the authority and discretion based on what they called, quote, to mitigate internal management challenges. that's why they fired them. they had the right to do it, but they also found it had nothing to do with product safety or finances or investor relations or anything like that that's been kind of going around. however, they also found that he should not have been fired. they said his -- let me quote from the release. his conduct did not mandate removal and also saying that the prior board did not think that their actions were going to cause the upset and turmoil that did, but really very broad here. we don't have the full ins and outs of the investigation. i will also justone more important thing. they are saying they're going to change the governance of open ai here

well, i'd say that the democratic randi, larry summers, president clinton's treasury secretary, made a really important point. it's not just the price of the goods you're buying at a supermarket or the price of gas. it's also the price of money for the interest rates you have to pay on your credit card bill for your mortgage. and those are things that really makes sense of how negatively people are feeling about the economy right now. and i've got to say that biden's critics have an argument to make that argument is that the american relief plan was unnecessary, but the inflation reduction act was also unnecessary. and that these things have effectively because it's great than demand or massive, massive boost in demand when demand was already recovering. and what that does, man does that the fed has had to make monetary policy a lot tighter than it would have been otherwise so basically, biden's profound mishandling of the economy has created this incredible economic pain for words working in middle-class families go in and i saw that, but i mean pumping the brakes on the economy. th

larry summers recently produced a study arguing that the cost of money is part of the cost of living. we have this weird paradox you are trying to keep the cost of groceries down by raising interest rates but as the ranking member points and your measure of inflation seems to treat all americans as renters, even though two thirds are homeowners. when interest rates go up, that is an increase in the cost of living for anyone with an adjustable rate mortgage, anyone looking to buy a house, anyone with a home equity loan. obviously, we would cut interest rates a little sooner and a little more if your target was something closer to 2.3%. i will ask you, is there substantial economic analysis that argues that your target rate better if we had a slightly higher target than 2%? >> not really, no. what has happened, you pointed out new zealand. what has happened is that 2% has become the al standard. it is a durable standard but we do not have any reason to think that it is a problem for the united states to get to 2%. we are 2.4% right now. >> i went asked to add to the transcript of his he

larry summers recently produced a study arguing that the cost of money is part of the cost of living.we have this weird paradox you are trying to keep the cost of groceries down by raising interest rates but as the ranking member points out, the big issue is housing and and your measure of inflation seems to treat all americans as renters, even though two thirds are homeowners. when interest rates go up, that is an increase in the cost of living for anyone with an adjustable rate mortgage, anyone looking to buy a house, anyone with a home equity loan. obviously, we would cut interest rates a little sooner and a little more if your target was something closer to 2.3%. i will ask you, is there substantial economic analysis that argues that your target rate in the economy would had a slightly higher target than 2%? >> not really, no. , you pointed out new zealand. what has happened is that 2% has become the global standard. it is a durable standard but we do not have any reason to think that it is a problem for the united states to get to 2%. we are 2.4% right now. >> i went asked to add

larry summers recently produced a study arguing that the cost of money is part of the cost of living. we have this weird paradox you are trying to keep the cost of groceries down by raising interest rates but as the ranking member points out, the big issue is housing and and your measure of inflation seems to treat all americans as renters, even though two thirds are homeowners. when interest rates go up, that is an increase in the cost of living for anyone with an adjustable rate mortgage, anyone looking to buy a house, anyone with a home equity loan. obviously, we would cut interest rates a little sooner and a little more if your target was something closer to 2.3%. i will ask you, is there substantial economic analysis that argues that your target rate in the economy would work better if we had a slightly higher target than 2%? >> not really, no. what has happened, you pointed out new zealand. what has happened is that 2% has become the global standard. it is a durable standard but we do not have any reason to think that it is a problem for the united states to get to 2%. we are 2.

we expect a decision early this summer. larry: early this summer.hank you very much, lydia hu which appreciate it. just a couple thoughts from me. of course the liberal mainstream media quoting donald trump completely out of context with his bloodbath comment. anybody who actually listened to what he said, even the dummies in the liberal media no full well that mr. trump was referring to the assault on the u.s. car business from china and their latest ploy to assemble and sell cars in mexico to come into the u.s. tariff-free. take a listen to what he said for yourself. here it comes. >> now we're going to put a 100% tariff on every single car that comes across the line. and you're not going too be able to sell those cars. if i get elected. now if i don't get elected it will be a bloodbath for the whole, that will be the least of it. it will be a bloodbath for the country. that will be the least of it but they're not going to sell those cars. larry: clearly, mr. trump was talking about a bloodbath in the u.s. car business and it's important also, tha

brett taylor and larry summers and adam deangelo.he investigation of the fi firing is light on details. here is what it is saying. the big one. altman's behavior did not justify the firing by the previous board. they will adopt the governance guidelines, but it is unclear if they nix the non-profit. also events leading up to the firing of altman which said the prior board had the authority to fire him and believed it would help with internal management challenges by doing so. like i said, the board did not realize the disruption to the company that the firing would cause. the understatement of the year. the firing had nothing to do with a.i. safety or the company finances or statements to investors, things like. that we found out the s.e.c. was looking into that as well. basically, it was a breakdown in the relationship with altman and the old board. "the new york times" reported that the concerns of the altman management style before the board fired him. the board drama appears to be over for now, but still plenty of questions remai

chair powell, in remarks on bloomberg, larry summers, former treasury secretary during the obama administrationbe much more productive for our central bank to be focused on the question of real estate portfolios in the banks they supervise then, quote, some of the more abstract and politically driven arguments about various kinds of capital charges on the largest banks. do you agree that it would be more productive for fed supervisors and regulators to keep their eye on the ball? in this case, commercial real estate and other real estate investments? >> i absolutely think we need to keep our eye on the ball on commercial real estate. i think we are doing that. >> i hope so according to your semiannual report the median members on your monetary policy committee estimate that your target overnight interest rate will average 4.1 in 2024. does that mean that the median number of members anticipate that you will be cutting interest rates sometime this year by as much or more than a full percentage point? does no economic projections show a medium -- this is in the december this is now three months o

larry: thank you very much lydia hu. a couple thoughts from me, the liberal mainstream media is quoting donald trump completely out of context with his floo blood bath comment, anyone that listened to what he said even dummies in liberal media know that mr. trump was referring to assault on u.s. car business from china and their latest ploy to asystem beassemble and sell cares in mexico coming to u.s. tariff free. >> no, we're going to put a 100% tariff on every single car that comes across the line, you will not be able to -- if i ge get electi get aelected, if i don't it will be a blood bath for the country that will be the least of it, but they won't sell the cars. larry: clearly, mr. trump was talking about a blood bath in the u.s. car business. and it is important also that he said he would stop chinese auto onslaught with mexico illegally as launching point for cheap cars, exports to u.s., which should be a violation of the u.s. mca agreement, and former president said if they, the chinese, continue he would slap u

larry: thank you very much lydia hu. couple thoughts from me, the liberal mainstream media is quoting donald trump completely out of context with his fl blood bath comment, anyone that listened to what he said even dummies in liberal media know that mr. trump was referring to assault on u.s. car business from china and their latest ploy to asystassemble and sell cares in mexico coming to u.s. tariff free. >> no, we're going to put a 100% tariff on every single car that comes across the line, you will not be able to -- if i g get e get aelected, if i don't it will be a blood bath for the country that will be the least of it, but they won't sell the cars. larry: clearly, mr. trump was talking about a blood bath in the u.s. car business. and it is important also that he said he would stop chinese auto onslaught with mexico illegally as launching point for cheap cars, exports to u.s., which should be a violation of the u.s. mca agreement, and former president said if they, the chinese, continue he would slap up to 100% tarif

summers, other democrats saying woe, guys, this is going to cause inflation and they turned out to bey who i know well who should not be worried about these things about i asked him what do you worry about the most? my refrigerator breaking. i got a big one i'm not sure can i afford the jolt. this is a guy i would have thought four years ago not have said these things. hitting not just people we think we look at the numbers and income. it's hitting a a lot more peope than we think. >> laura: just one thing, the emergency fund that people have, like regular people have emergency funds, they don't have an emergency fund. like 50% of the country can't afford $1,000 unexpected bill. that's terrifying to live that way. >> bret: it is a super tuesday unlike any other. in part because of the pivotal role the supreme court is playing in this election. our legal panel tackles that plus more results across the country as our super coverage continues here on fox. ♪ ♪ there are some things that work better together. like your workplace benefits and retirement savings. voya provides tools that hel

if you took your q from larry you could've sidestepped the big decline last summer through late octoberen i started. again that is exactly what happened. i don't know how this methodology works but i can't deny it works. it'll work every single time. like i said, bitcoin didn't work. fortunately it doesn't tell you much about the magnitude otherwise judging from this picture you think we are in a hideous decline but he is reliable when it comes to protecting the relation of these . just don't buy in a first or second it. this has had a huge one and it wouldn't shock me that needed some sort of breather. i want you to not rush and to the first pullback. i think that is what matters to you. be on the nasdaq, let's take a look at the cycle for the s&p 500. notices picture looks a lot like the picture of the nasdaq. this has been good at predicting your immediate tops and bottoms. the s&p 500. and the cycles are saying that is likely to peak around march 7, that is thursday. these dates remember, aren't meant to be super precise beauty give a take a couple days. just like the nasdaq william

(luke) think of how light it'll feel in the summer. we've got to run.ven thousand more neighborhoods to go! (vo) ding dong! homes-dot-com. larry: i say, keep speaker mike johnson speaker mike johnson, joining us now great new york congresswoman claudia tenney. am i wrong? >> you are right, mike johnson has been a very good friend of mine, he is going a very good job in an impossible situation we're seeing our own majority eviscerate before our eyes with early retirements, we are last line of defense against the horrible policies you see with thebin biden administration, all we have it this republican majority, small as it is. like johnson is trying to get us through get us a greater majority, win senate get president trump back in office and bako track, that is almost irrespectable if we lose the majority. larry: keep the attention on biden. look at why is m mike gallagher from wisconsin, he is leaving light -- condition you -- look, that seat remains open. but if he leaves i think by april 2 or 5, then they could have an election, it is republican dist

. ♪ >> john: it's the summer of 1995, and in sin city, las vegas, the paths of larry and elisa are about open up his office down in las vegas. that time is when elisa came into the picture. she had responded to an ad in the paper needing a receptionist, and she showed up. >> and she came in with a sob story. "i'm going through a divorce. i have a horse that i have to take care of." it was all "poor me." he said, "well, i will hire you for doing the insurance." >> elisa was classy. carried herself very well. very intelligent. she kind of welcomed you with open arms. >> he was ecstatic about her. he said, "she is going to help me put this las vegas office together." elisa was a drug. she just charmed and seduced him. and he had a big heart. "let me help you." >> she was good looking, for one thing. and they ended up romantically involved shortly after she became employed. >> harry hired her in june, and he left me for her. after two months of knowing her. i said, "you don't know what you're doing." that went in one ear and out the other ear. >> he had been convinced by her that she was bri

larry: yeah.ell, it might matter to anybody else that that's been in business or commerce, but that's a separate segment. jonathan, the eighth amendment -- as though i have to tell you, but i'm not the lawyet reads: excessive bail shall not be required nor excess if i fines imposed nor cruel and unusual punishment inflicted. you may recall about a month ago at the laura ingraham fox town hall with are from r mr. trump, he pulled a piece of patient out of his suit coat and read the eighth amendment. i think it was about a month ago or so. i must confess i've been texting him about the eighth amendment, and he sent me back this article from an outlet called the los angeles daily news written by a woman named susan shelley. anyone, the story was ruth bader ginsburg -- you may know this, maybe you teach -- ruth bader ginsburg used the eighth amendment to stop a much smaller case in indiana, samuel alito assisted her. and she said that the eighth amendment goes all the way back to the magna carta, whic

he is so sick anyway, no, it hasn't impacted me at all >> i mean, it's such a larry david way to end absolutely. he goes for the joke at the end, but he's not joking. that is an incident that happened, i think last summer in both his vineyard, alan dershowitz, the famous lawyer, is up there and they apparently in fairly good friends, but now dershowitz has become pro trump, defended him in one of the impeachment trials and they both child the story about larry, david, and dershowitz running into each other and the tony suburbs of of martha's vineyard and larry just says, your disgusting. i don't want to talk to you again. i don't want to have anything to do with you again, it takes him personally but i just want to add for this interview that i say drops friday on macs. it's not all politics we talk about all the things that trigger him in fact, i went out to dinner with a few months ago and he picked up the check. thank them for it. and then the next day, i wrote an email, a quick email and just said, thanks so much for dinner. and he wrote me back specifically to say, when i take h

okay. >> and larry, things are looking pretty good for us going into the weekend. we had blue sky this afternoon. comfortable. nice day of spring. what's this? a third day of spring. but things are about to change as we go into the weekend. let's take a look at what's coming our way on live doppler seven and the satellite. you can see clouds beginning to push up against the coastline and some rain will follow those clouds. but this is not a dramatic change in our weather. this is just something that happens sometimes in the spring. so the approaching storm is a level one storm on the exclusive abc seven storm impact scale for tomorrow and saturday, look for light to moderate showers. there may be an occasional downpour. brief one slippery roadways. it will be breezy to gusty at times, and there's a slight chance of an isolated thunderstorm on saturday as our atmosphere becomes unstable. forecast animation going into tomorrow afternoon, we'll see a line of showers pushing into the north bay first and then sweeping eastward and southward to other parts of the bay are

the more worried in the west, here is bloomberg, the ukrainian authorities are concerned that by the summerm, the birth, apparently, is over faith in a miracle weapon that alone can turn the tide of hostilities, says former...cia analyst larry johnson. this time , the first american abrams tank destroyed in ukraine added pessimism to kiev and washington. these tanks are too heavy, they are difficult to maintain, and they hardly work in the fields of ukraine. as soon as the first images of these blown-up armored vehicles or tanks appeared, nato countries became very worried that this was ruining their reputation, since part of this was all about money. and because other countries just say, why? we don’t need to buy this rubbish, no thanks, we don’t need that. kalovrat is the commander of the reconnaissance and strike group that knocked out the americans. we spotted a certain box at the entrance to the village of berdyche, as it turned out it was a tank, they passed on the data to us, and gave the command to the crew. and maybe, angry because abrams was shot down by the russian army, the head