>> welcome to bloomberg markets. trays are in a bit of a holding pattern waiting for the u.s. jobs report that is set to be released tomorrow morning. let's show you where things are at in the financial markets. s&p 500 little changed at the moment. holding on at 6088, a record high. we will see if we can hang on. the russell 2000 which tracks the small caps have been

beneficiaries of the trump trade after the election. seeing a bit of unwinding. weakness pushing it down half of 1%. yields are up across the curve before tomorrow's job report. 10-year at 4.20%. bitcoin above $101,000. right now that is the story which brings us to our midday movers on the equity side. some of the major names tied to the token, a mixed trade with mara and microstrategy lower and coinbase up just a hair by one 10th of 1%. let's look at the movers. it's on pace for his best day since 2021 after american raised his profit outlook for the final month of the year. the forecast adds to improved guidance from other airlines, including southwest and jetblue earlier this week. let's finish up with spotify. its worst day since mid-november after the release of its streaming data that comes out every year.

this is a stock up nearly 30% over the past month. those are some of your midday movers. let's go from the micro to the macro and look at the economy. waiting on tomorrow's u.s. jobs report. earlier today, adp neither richardson -- adp's neel richardsona spoke about it. >> there is not a lot of layoffs and hiring. we are in this stasis peroiod. what triggers it and which way it goes up or down still undetermined. scarlet: let's bring in j.p. morgan asset management fixed income portfolio manager kelsey berro. we will talk more about how you want to position for this jobs report. i want your reaction to what nela said about this quite period. what can we read from this jobs report? kelsey: it's been a quiet period but the jobs data has been very

volatile. i think the key in terms of interpreting the jobs report is to make sure you are looking at moving averages. we know that last month we got 12k, that was weak. that was being influenced by the weather, influenced by strikes. now we are respecting a large bounce back. what i would do is look at the average of the two. the 12th an thk 12th -- the 12,000. as we have discussed, you have seen hiring has been slowing. the good news is, layoffs are not rising. it is essentially that sweet spot for the fed that keeps them on track to cut in december. scarlet: looking at a two month rolling average rather than reading too much in november's numbers because it will be a giveback from what we saw in october, when you look at other data points that are tied to the

market, jobless claims or jolts, what are they tell us what areas to monitor and keep watch over within the monthly jobs report? kelsey: the thing of looking for is the duration of unemployed. we are not seeing a lot of layoffs. initial claims today was low. the continuing claims is rising. initial claims is low but continuing claims is rising. that means those who are unemployed are staying unemployed for longer. they are having more trouble finding a job if they are -- if they happen to lose one. there is a statistic within the unemployment report, the jobs report which tracks the percent of unemployed that have been unemployed for 15 weeks or more. the share of those that are becoming longer-term unemployed is actually taking up -- ticking up the last few months. it is not worrisome in an of itself but an indication that the jobs market continues to be

cool, which is what the fed wants in terms of trying to balance both of their dual mandate, not letting inflation run out of control but also supporting the labor market. scarlet: i'm glad you bring up the fed. jay powell spoke yesterday and he made some comments about how the economy is in remarkably good shape and the fed can afford to be cautious as they continue with the rate cuts. how much tea think this jobs report will be the deciding factor for the fomc decision on december 18? kelsey: it is a factor. i'm not sure it is a deciding factor. generally, the fed speak indicated december is on the table. it is a pretty live meeting. they are leaning towards delivering that rate cut. i think most of the guidance you are getting is more about 2025. more about the need to slow down the pace of rate cuts next year. some would argue that is because

fiscal is so uncertain next year. also, the fact that the first 100 basis points of cuts was kind of the easy cuts. we are getting closer to neutral. we don't know where neutral is. it is a theoretical number. in some cases you question what you think about it. because we are getting closer to it, they need to slow down. that is what they are trying to communicate with their more recent comments. scarlet: a theoretical number and perhaps we will not know it until we get there or go past it. it sounds like cpi will be probably more critical to that december 18 fomc decision. speaking of jay powell and the uncertainty over what is to come, he did say he expected good working relationship with the trump administration, even as he resisted gaming out with trump policies might mean for the economy and inflation.

where do you think something like a 10-year yield should be trading given the situation we are in? kelsey: the range right now is around 4% to 4.5%. prior to the red sweep i would have said the range is around 3.5% to 4%. the reason the range moved higher is because primarily of term premium. it is not necessarily that it is 100% clear we will get a lot of inflation or growth. just the uncertainty alone warrants a slightly higher yield in the future. i would say in terms of the policies for next year, it's a mixed bag. what we're are focused on is not only what gets done but this timing and sequencing. do they prioritize tariffs before tax cuts or tax cuts before tariffs? that will be important for the market to understand. scarlet: what is your assessment of the personnel? personnel makes policy -- the

personnel makes policy. kelsey: i think there is a number of people we are trying to listen to. there is who trump has chosen in terms of the cabinet. we are also listening to the congress. it is a little underappreciated how close the margins are in the congress. we are listening to the senate majority leader and how he plans to manage the fact there is still dispersion within the republican party. to get things done they will need nearly everyone to vote in favor. scarlet: you say your new year's resolution is to embrace the bond market where it is at. what is the biggest risk for the bond market in 2025? kelsey: the reason we say embrace the bond market is because yields are really still very attractive here. we often spend a lot of time pontificating about is the fed going to deliver rate cuts or not?

if they don't deliver rate cuts, that is bad news for the bond market. we see it very differently. it is not bad news. it means the economy is doing well. two, there is income in fixed income. it was only a few years ago there was large majorities of the global bond market that had negative yields. this is a completely different paradigm we think is great because it allows investors to rebuild that core of their portfolio. scarlet: what area do you have the highest conviction in? kelsey: we still see corporate america as very strong. i would say we continue deletin -- to lean into credit, investment grade and high-yield. spreads are already tight. when we look back at history, there are periods where they can be tight and stay tight for an extended period, particularly when growth is good and when you have those tailwinds. the tailwinds i think the market is anticipating for next year

are some of the more positive aspects of the red sweep. deregulation, more m&a activity. we think overall as bond investors we want to know we will be paid back. we income of any have been very prudent in terms of making sure balance sheets are in order to do that. scarlet: fantastic to talk with you. of jp morgan asset management. -- kelsey berro of jp morgan asset-management. powers collusive interview with marine le pen, giving investors hope for a quick resolution to france's political turmoil. this is bloomberg. ♪ ♪

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scarlet: bloomberg markets this is bloomberg markets -- this is bloomberg markets. the french president emmanuel macron will address the public at 2:00 p.m. eastern time as he searches for a new prime minister. lawmakers passed a no-confidence motion against his last pm and his government. he resigned this morning. the far-right leaders marine le pen and her national rally party are set to benefit the most

after teaming up with a left-wing coalition to topple the french government. francine lacqua sat down with marine le pen. she asked if getting france's deficit to 3% of gdp in 2029 is far-fetched? >> getting to 3%, i don't think it is credible that i'm not the only one. i don't think it is credible to the president. once again, these are promises and they know very well they cannot keep them. he made this promise and in reality his budget were sent deficit by 12 billion. if we don't make significant intelligent structural savings with regard to the state and put in place the conditions so companies can work, invest without being suffocated with extra taxes, we will not get there. with the solutions we can succeed as quickly as possible to get back to a reasonable deficit even of 3% was decided on the back of an envelope. francine: how fast could that be? marine: it's a matter of a few

weeks. we will discuss it with the new prime minister and we will work together. we will explain what are red lines are. we cannot as the french people to pay the mistakes of their leaders. he massively increased taxes, hit sick people, retired people, everyone. at the same time, once again, there is zero savings from the state. that is unmissable. scarlet: let's discuss what is next with benoit. he took his time when he chose barnier last time around and it feels like he doesn't have the benefit of time because we are at they did the year -- the end of the year in the budget for 2025 they could not agree on. >> exactly. last summer after the snap elections he decided the right

wing prime minister, known to be a good negotiator, negotiated brexit which was not easy. he failed in his task to find an agreement between the three main parties of the parliament, the three main forces on the right wing, the far-right and left side. the challenge is big now to find a new prime minister that could be diplomatic enough to negotiate a new budget in a rush with the far-right, with the left and keep in power when there is no clear majority for macron's party. scarlet: we heard marine le pen talk about a reasonable deficit. what will happen with the french budget for next year? there is a caretaker government. what can they do to keep things

going until there is a new budget that is set at 425? -- set up for 2025? benoit: macron could name a new prime minister in the next 24 hours who has to name a government and they have to negotiate the budget. there's only a few weeks left. the other possibility is to vote special and keep the same budget a year until a new one is found. there is no clarity at the moment, which is always bad for investors and executives on what will happen and what the next budget will hold. there was significant tax cuts and benefits taken away from investors and a lot of uncertainty. scarlet: when you look at

financial markets, the cac has fallen relative to european stocks overall. they gained today and yesterday. the not necessarily in freefall. french bond yields have gone up. it is not really a financial crisis or economic crisis but it is a political crisis. what is the business sentiment among french corporate executives right now? benoit: obviously executives want certainty and they want to be able to predict what they will have as budgets for their own companies for next year. i can take the example of tech. i am a tech reporter. macron has been doing that for years for french startup. he called france the start of nation. there was some momentum with ai and french startups which is trying to rival openai. it has a $6 billion valuation. that uncertainty cannot be good

for the startups, even the small ones. what subsidies they will have to do research and develop next year? they'll have to keep the subsidies they have at the moment. they have to be able to hire employees. there is nothing to worry about at the moment. there was uncertainty since this summer and the snap elections. there is not a lot that has changed. it cannot be good for the business sentiment generally and for foreign investors as well who want to be able to predict some stability of the legislation in france. scarlet: really appreciate you joining us. he has a tech reporter for us and our paris bureau for bloomberg news. thank you so much. coming up, time for the etf report. we were talking about tech companies. a conversation with dom rizzo about the latest tech etf.

this is bloomberg. ♪

scarlet: this is bloomberg markets. time for the weekly etf report will be checking in on the latest news and trends tied to exchange traded funds. we are taking a look at ticker tteq, the latest from t. rowe price. it is their first thematic active fund with a focus on tech investing. joining us now is dom rizzo at the t. rowe price group. roughly 17 etf's. thank you for joining us. when we talk about tech centric etf's, there is no shortage. you have the big ones.

-- the big ones. quite at another tech centric etf to the mix? dom: thanks for having me. we have studied this market very extensively. there is well over $400 billion in technology and technology enabled etf's in the world today. when we looked across the landscape we did not see any that were global in nature, have an expanded mandate, meaning more than just information technology. looking for technology stocks, whether it is communication services or financials or consumer discretionary. with the potential for alpha on top. when we put that together, we think we have a pretty unique offering with the new strategy. if we look at the likes of the x ok -- xlk or vgt, these are information technology etf's. they have over 40% in just three

stocks -- apple, microsoft and nvidia. what you most investors do? they look at the q's. q's has 20% or so in non-technology enabled stocks. names like pepsi or marriott. we think we have unique mousetrap. scarlet: you mentioned global. as much as tteq is global, it is dominated by u.s. companies. a 73% exposure to u.s. companies. is that a ceiling or floor and do you see that changing? dom: it will change depending on the market. that is the benefit of being active. what are we seeing in the u.s. markets today? the regulation coming with the new -- deregulationgith the new administration and the u.s. being the centerpiece of ai. u.s. and we have to have a good amount in the u.s. that is where you get to that 75% number. there are so many innovative linchpin technology companies around the world.

whether it is like tsmc or sap. we want to make sure we have exposure to names to get that innovation. scarlet: how do you see this fitting into your portfolio? when you have instead of the q's or spy? dom: every investor needs to make their own decision. what we are trying to do is deliver our potential clients the technology beta they want with the alpha potential they seek. to do that with the investment framework that is repeatable over time. i look at this as an innovation allocation. the way investors should think about it is we have got to find that right technology beta but put the t. rowe price alpha on top. scarlet: how are you positioned or thinking about positioning for the expected increase in tariffs? dom: that's a great question. if we think about tariffs, they

have some positives which means more manufacturing done at different places, which means more capex spending. that should be good for certain names like the industrial semiconductor stocks. analog devices or nvidia overtime. we have the potential inflationary impact of tariffs you have to measure. we are trying to balance that but we make all of our decisions based on our investment framework. that is what we look for four things. linchpin technologies, innovating and secular growth markets with fund middles and valuations. regardless of the macroenvironment, of the tariff environment, of the regulation environment we will use that framework to make our decisions. scarlet: dom rizzo of t. rowe price. looks like tteq have performed the q's since late october. thank you so much. coming up, a big day for consumer stocks with retailers from ulta to dollar general and petco reporting earnings.

you can see some of the companies that have reported and how they are faring in trading today. kroger of about .9%. dollar general losing 3%. this is bloomberg. ♪

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>> welcome to bloomberg markets. we tell earnings lifting markets despite consumers getting cautious this holiday season. looking at where things stand with equity markets, the s&p 500, a record high. the nasdaq 100, the same type of modest moves as we wait for the jobs report tomorrow morning. the russell 2000 has been a laggard today and yesterday.

clear outperformers, beneficiaries of the trump trade and the progrowth agenda that trump will be bringing into office. the consumer discretionary index covering retailers and automakers, gaining on the s&p. it is led primarily by tesla. we will keep an eye on that one. the consumer is a big theme here. individual movers in equities, american air on pace for the best day since 2021 after raising its profit outlook for the final months of the year. this forecast adds to improved guidance for other airlines. dollar general and five below have earnings in the last 24 hours. dollar general down 3% after narrowing its guidance. now down more than 40% this year. the lower income consumer

feeling the squeeze. five below is gaining almost 12% come on pace for its best day, boosting its sales guidance and maybe a new ceo. in the last few minutes, breaking news on boeing. shares moving south right now. a plea deal over its fatal 737 max crashes has been rejected by a judge. the plea deal over the fatal 737 max crashes has been rejected by a judge. the stock is losing some ground, off by 0.75%. we discussed the state of the consumer earlier today on bloomberg surveillance. take a listen. >> we have been talking about how under the hood the u.s. consumer is doing much less well than we thought. it looks like real disposable income has been around $800 billion higher than the first estimate. that should be good with

election-related uncertainty subsiding. scarlet: we have earnings after the bell that are tied to the consumer. lululemon, volta and -- lululemon, ulta and petco reporting after the bell. this company, lululemon, has done well but recently it has hit a rough patch. >> it is down 25% in the last few months. the company is shifting to other brands. lululemon is not unveiling new products. when we look at what wall street analysts are looking for, not a lot of enthusiasm in terms of growth and growing sales and continuing to drive people to go to their stores or shop online. the big focus is always going to be around the holiday spending season. when you look at lululemon, what the management says about fourth quarter trends and black friday spending, it will be under the

microscope. scarlet: they don't have wide leg jeans. they have been down one third this year. what can you do to add to the excitement for consumers? also beauty -- ulta beauteous reporting as well. the price point is not necessarily high. >> not only were they doing black friday sales for the week of thanksgiving, they are doing it the entire month of november. that could ding their gross margins. down 20% so far this year. the big question will be what consumer spending looks like. they are dealing with competition whether it is from sephora or people shopping on amazon, the accessibility of those products. consumers will go to wherever it is jeepers -- cheapest. if you can buy cheaper or if you are looking to buy some of their products, maybe just go on

amazon and buy it on 10% discount. scarlet: or you can be like me and buy discounts -- gift cards. before we let you go, petco is another name. look at how it has done so far this year, up about 69%. it is one of the shorted stocks as well. >> exactly. it is a weird one. . it moves a bit after earnings when you look at the positioning coming into this print and what the options could be implying. a 19% move according to bloomberg data. it is down about 0.6% right now. you can see on that chart, it goes up a bit and can fall given some of those trading dynamics versus fundamentals. scarlet: absolutely. the ticker is the best. woof. billie, thank you so much. let's shift gears and move to crypto. stoxx of bitcoin have soared

under president elect trump's sec pick. more than $1 trillion in value since trump's victory. paul atkins, he is seen as gold for crypto. >> not only that, but he is one of these trump's cabinet picks, appointment takes. he has a pretty good chance of getting confirmed. he has passed fcc commissioner -- sec commissioner. he will most likely be confirmed. it allowed bitcoin to break through what looked like a really tough resistance level to crack. that $100,000, the mother of all round numbers. whether it is a psychological barrier, there are a lot of options.

for whatever reason, people were willing to sell at $99,000 and that changed. about two weeks it has taken it to bump against that level and finally crack through. it was not after the atkins news. it was also that time in the asian markets start waking up. when we think about what is going on in south korea, a really robust market for cryptocurrency, especially since the korean won is weakening. crypto trading in south korea is on a volume basis. dollar value turnover basis for trading. it is bigger than the kospi stock index to give you a sense. scarlet: that is incredible. michael: it was around that early wake-up time in asia when that happened. what happens next, a lot of that relies on, the biggest issue

outstanding in the market is what donald trump wants to do with the bitcoin strategic reserve. whether he wants the government to not only base that reserve on the tokens it already holds through criminal cases. whether he would embrace this idea in the senate to buy one billion bitcoins to add to that. there is skepticism that that will really happen. there is some optimism about that baked into the market. we will have to see if he embraces that idea. scarlet: he has mentioned it but has not come back to it so there is room to speculate. michael: there is room for disappointment. scarlet: michael regan, thank you so bloomberg's global editor. we have more headlines related to boeing. as i mentioned, the plea deal over the fatal 737 max crashes has been rejected by a judge. the judge has reject the plea deal over adi provision. -- over a dti provision.

the doj had acquired over the provision. the judge has directed the company as well as the department of justice to confirm and set next steps. once again the judge has rejected the plea deal over the dei provision and that stock is lower in trading right now. we will keep you posted on further developments. coming up, government contractor stocks in decline in anticipation of trump's and elon musk plans to cut government spending. we will speak with the ceo of one of those contractors of asic. this is bloomberg.

scarlet: this is "bloomberg markets." time for the stock of the hour which is science applications international that provides ig services and holds contracts with the u.s. military and federal government and it reported earnings this morning. the stock has been under pressure since president elect trump announced elon musk would a cost-cutting commission. the department of government efficiency. it is raising concerns about whether government contractors will lose out from government spending in the coming years. let's talk about the outlook with the ceo of saic tony whitley. it is not just you. there are other defense companies being sold off these last few weeks. our investors justified in worrying over your financial

prospects when they get to do their thing? toni: investors should be looking for what are the letters in the environment of efficiency where technology may be driving the efficiencies and spending will be much more circumspect. we look at really say things -- really three things. we are a balanced business. we have 22% of our revenue in our civilian states -- civilian space. we integrate commercial technology across the innovation ecosystem and that is driving the efficiency that is part of the expected support and focus over the next two years. we are actually positioned to go forward and opportunistically grow in this environment. we are also an asset-like business model so we can dress

-- so we can address if revenue or spending was to be compressed, we can address that and drive earnings. scarlet: you are actually aligned with what they are trying to do. has elon musk or his team reached out to you in any way? do you see him doing any due diligence on any of the other government contractors. toni: it is premature. they have been gathering data and they are part of the transition conversation for the incoming administration. we expect to be engaged and addressing some of those areas where we have already been an integrator in quite frankly what is considered an open integrator so we can plug and play technology from the smallest start all the way to a hyper scaler like a large cloud provider. we think we are well-positioned. we are very well in mission-critical programs in our civilian, defense and until

space -- intel space. scarlet: they have been clear that they want to cut red tape and streamline things to reduce spending. what is the current bidding process for government contracts look like and where do you see room for meaningful improvement given that you are on the front lines that effort? toni: we are in the acquisition process. acquisition reform has been a conversation for many decades. we are aware that better requirements upfront in an environment where introducing technologies that are moving beyond the pace of policy-setting, we have to have informed requirements. we have to focus on outcomes. we would love to see a shift from costs-plus work to price-plus work. we have shown capability to manage fixed-price programs and move that risk to the industry commercial side. we know protests have been: popular. the extent acquisitions -- they

extend acquisitions. the time has to be compressed if we have to move faster to the mission that doge is looking to drive. scarlet: you mentioned acquisitions. acquisitions in terms of m&a. you made a purchase in 2024. do you see a scope for more acquisitions under a lighter touch regulatory regime we are expecting? toni: we expect the environment to be positive. we announced quarters ago that part of our multiyear growth strategy was to tuck in technology and commercial capability to harden our own enterprise differentiators. we are looking to do that in operational ai and some of our data analytics and activity around cloud and cloud-based secure modernization. we are one of th wa can modernize in a legacy environment. what is so important is that the government has a lot of legacy. they cannot afford to buy new tech every time we have a program start. we have been able -- we have to

be able to modernize. that will be the cost savings for the government. we are well-positioned for it. scarlet: toni townes-whitley, thank you so much. coming up, a disrupter in the higher education space. michael mckee will join us next -- michael magee will join us next. this is bloomberg.

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scarlet: colleges and universities will close at a faster pace this year coming according to new research. this as smaller schools are offering lower tuition to increase admissions. when you have the elites of the ivy league that are so in demand they can reject 95% of applicants.

minerva university, a new private college with a flat tuition of $50,000. they have been ranked the most in the vein of school. for more on their changing landscape, let's bring in michael magee, president of minerva university. like any other start up, you are solving a problem. the problem is that education costs a lot of money. people are questioning the value of a degree. what is your 32nd pitch on a solution -- what is your 30 second pitch? michael: we have a model that is all most half the cost of other elite universities in the league right now. when you come to minerva university, you get to be involved in all small seminar classes. every one of our classes is a small seminar class for you are getting to learn your classmates and professors. project-based learning in all

cities all over the world is the best project-based learning and you are studying on four columns -- four continents. scarlet: you are not limited to one campus and that reduces your infrastructure costs which allows you to keep tuition at $50,000. surging tuition has made a college degree a product and you seem to be moving against that but you still need a recognizable brand. how do you build that without that kind of cache? michael: one step at a time all over the world. in japan and korea, our brand is strong. we have benefited from the media in those nations wanting to cover our innovation. it takes time. there has not been a household name in u.s. higher education to launch in over 100 years. it does not happen very often. scarlet: who are your competitors? michael: we are a highly selective university. like many of the ones that you

were speaking of. we have students who are applying to other increasingly they are choosing our model. what we are really looking for his exceptional students from all over the world and the question we are asking is will this young person thrive in our model and contribute to our mission. scarlet: are you worried about the appeal of an international program under a trump administration? michael: not at all. we are seeing increasing interest in our model. what we offer, let's say you are interested in sustainability and you want to study climate and energy. at minerva university, you can take that as a major. you also get to do projects in seoul and berlin and india are related to the things you are most passionate about.

you graduate being able to say you have lived in these places, you have interned in these vibrant cities and you got all the knowledge and skills you needed out of our classes. we think our value is clear. scarlet: it is a merging of the classroom experience and the co-op experience which some schools have tried to build on. the issue is that the classroom learning is done remotely and virtually. this generation of students endured zoom during the pandemic and it was not good for them. they still prefer the in person classroom experience. how do you push back against that? michael: you are right. during the pandemic any students had a terrible experience online. we don't think of our learning is online learning. we have small seminar classes as i mentioned. the reason we use virtual technology for those classes is so that our students in san francisco and taipei and buenos aires can take classes together. that is what our technology enables.

it also helps us to implement our way of teaching which is an active dialogue based type of seminar where faculty can actually assess students in real time in class and make sure that every student is actually engaging in the discussions being had. our students come away saying that they have learned more, that they felt more connected to their classmates and professors and we think it really works. scarlet: i am curious about what kind of feedback you have gotten from other leaders of schools. do you see them taking similar steps like a smaller football -- smaller footprint the way that you have? are they doubling down on this premium experience that is on-campus? michael: i think people are a bit in vs of what we have been able -- people are a bit envious of what we have been able to do. they are doubling down on the big college luxury model. we refuse to participate in that

arms race to turn your campus into a country club. what we have said to every student is you will live in our residency halls but we will treat -- teach you to treat the city as your campus. whether it is san francisco, berlin or tokyo, there are free learning assets available to you in every city. we will teach you how to use them. we will partner with other universities when we need access to other things for you i collapse -- like labs. it really does work. scarlet: a 12-year-old university. you have a legacy of alums. michael: we do. we have six graduating classes. we have had rhodes scholars. all of our students get into highly selective graduate students -- graduate schools. they are working with fortune five over the world. we are proud of our students. scarlet: michael magee, glad to meet you. michael magee is president of minerva university, $50,000 flat tuition every year. that does it for this hour of "bloomberg markets." i am scarlet fu.

the s&p 500 is higher by 0.1%. we are all waiting for the jobs report. the nasdaq gaining 0.1%. those are both record highs. the five year yield and the 10 year yield both higher. this is bloomberg. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month.

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live from washington, d.c.. >> the richest man in the world arrives in washington to try to fix it. welcome to the faster showing politics as elon musk makes his way through the capital reading with lawmakers alongside his partner in an effort to cut up to $2 trillion in government spending. welcome to doge day. i am joe mathieu. we will get the latest from jack fitzpatrick. we will have insights from rosemary becky and insights from our political panel. jeanie is with us and chapin fay from lighthouse public affairs. it is doge day. elon musk