>> jumia, now 10% interest in tesla. >> another big day for jmia, up better 12% big day for stocks, by the way the dow and s&p once again hitting new record highs dow right now is good for 250 points thanks for watching it that does it for us. "the exchange" is now. >> thank you, scott. hi, everybody. i'm kelly evans. welcome to "the exchange." a chaotic and historic 24 hours in washington. the senate did ultimately confirm joe biden's election after hours of disruption by riots. democratic senate leader schumer among those calling for the president's removal today. we are expecting to hear from house speaker nancy pelosi today. as for markets reaction, how about more record highs. we'll talk in a moment about some of the strong economic data that's been coming in lately and

other factors that are pushing stocks up. let's begin in washington where kay kayla tausche brings us the latest. >> the calls from democrats to invoke the 25th amendment which would force the departure of president trump immediately, those calls are growing. within the administration, two senior trump administration officials, one current, one former, both tell me that last nightthere were closely-held conversations among cabinet staff as to whether to invoke the 25th amendment but so far there's been no normalized movement within the cabinet to proceed. also doubts about whether, in fact, there would be eight cabinet secretaries to support this effort as would be needed to put it into effect. earlier today we got the first cabinet level comment addressing this issue from the secretary of agriculture, sunny perdue. he was speaking to reporters on the ground in georgia, where he's been this week. when he was asked about whether

he's had contact with his colleagues about this issue, he said no, but it was a good question >> that's a good question. the 25th amendment, i've had no contact with other cabinet members in that area nor do i expect to have any. i know some people have issued their resignations, which is their prerogative. >> the resignations do continue at the highest level departures from the trump administration since yesterday just coming today. you have the deputy national security adviser matt pottinger, who is leaving that was announced about i his boss, the national security adviser. he along with the u.s. trade representative led china policy. you also have "the washington post" and "new york times" reporting the white house economist tyler godsped and multiple staffers from the press office and quite a high number of individuals who have chosen to leave the white housings even though their departure wasn't pending just a couple of weeks

from now as for what happens on the legal front, the d.c. police chief, the chief of the metropolitan police said there were 68 people arrested in conjunction with the events at the capitol yesterday and federal law enforcement officials say we should expect criminal charges to come as soon as today, although one official tells me it is still possible that president trump, if he would like, could chose to pardonen those individuals kelly. >> a lot of focus on invoking that 25th amendment but we're also hearing, was it schumer who said, if not that, impeachment >> reporter: schumer and also some republicans on the hill adam kinzinger mentioned the possibility of removing the president and mitt romney talking about the possibility of impeachment. the general feeling, kelly, even among republicans who have had a change of heart since the last time the president's impeachment

were considered, acknowledged there's a pretty long procedure that would need to take place and just two weeks before president trump is set to leave office anyway,there are serious doubts about whether that process could actually be completed in that time they just don't feel like it's an effective use of time for the next couple of weeks >> makes sense like you said, barely two weeks to go and it certainly felt as if it needed a lot longer than that in the past still, we'll be hearing more about this, we expect, from perhaps pelosi we'll see if the president himself directs it we could get lots of comments on this we mentioned markets are shrugging off any concerns about chaos in washington and jumping to new heights again today let's get over to dom chu who is following the action for us. >> you were talking about the feelings and what's happening right now sentimentwise in washington, d.c., that feeling is not translating into the markets. green across the board with

records in many parts of the markets. specifically i want to call your attention to the nasdaq co composite which traded above the 13,000 market. a record day for stocks overall. one big part of that stock story surge has been the financial sector interest rates are on the rise, especially the long-term ones. and the difference between long-term and short-term rates is the highest since 2017. that helps a lot of banks. take a look at these two etfs, the xls and kbe, both track the financial or banking sector. we're near some of the highest levels of the year, the past 12 months and a lot of surge has come in the last week or two check this out tesla shares hit a record high today. elon musk is the richest man in the world. we used to say bubbles and bitcoin. would it be surprised to show you that tesla is now far and

away a much bigger plaintiff answer gainer than bitcoin sints the lows, tesla shares pre-pandemic, since the pandemic lows in march, is up over 1,000% versus the over 800% modest gain in bitcoin prices, just to give you an idea how crazy some of these values have gotten by the way, tesla before march, $70 billion market cap, it's $770 billion today >> i'm looking at that littln $t crossing $40,000 for the first time it's just remarkable holy cow thank you, dom chu the transition of power in washington is one factor that's been pushing markets and rates higher this week their rising expectations of $2,000 stimulus checks coming under a democratic congress, aop of strong economic data from ism manufacturing to services to booming consumer imports

here to discuss the merits of more aid and the wilds of this week, i'll joined by austan goolsbee from chicago school of business and justin furman from harvard business school. welcome to you both. jason, i wanted to jump in with you. at first on maybe some reservations that yourself, the likes of larry summers have had about the wisdom of $2,000 stimulus checks. before we get into all of that, do you want to react -- i think tyler godspeed just just stepped down from his seat. >> i think he did the right thing in resigning and i think anyone who is not preserving the safety and security of our country could send a message by resigning at this point >> okay. i'll give you a chance to kind of comment --. jason, go ahead.

>> i was going to answer your economic question, which is that i think the most important development for the economy this week is that the democrats took the senate with that you'ret more up-front relief, economic rebuilding, and it's no surprise markets are focusing on that development and positive development in the economy this week. higher than they were a year ago. we have excess consumer savings of maybe $1.6 trillion going right now. you just heard last hour about the same figures going on with the consumers, so is this the right move

>> my prioritization would be aid to state and local governments, more money for vaccines and testing, extending unemployment insurance, making sure we continue to have demand in 2022-2023 i think all of those things are more important than the checks i don't see a huge downside to the checks in overheating, you'll just get a lot of the money saved and spending spread out over a longer period of time >> austin, one thing that's been interesting, if we go back -- wind the clock back to tuesday and even the fact that democrats appear to have pulled out victories with those senate seats in georgia, is that -- you can kind of circle it back to the president himself. yes, the most drama was yesterday on the capitol, but this has been something that actually has probably empowered the democratic party to accomplish a lot more of their agenda than was thought,

certainly after the initial results of the vote back in november >> that's kind of the delicious irony of this whole thing. the more president trump has raged and shown himself to, look, almost deranged, as he's done that, it has both emboldened the votes to give the democrats the control of the senate and it has clearly put on the agenda what was the democrats and president-elect joe biden's platform of the campaign, which was stop the virus, restore the economy, and president trump's approach was, no, no, everything's fine. just pretend like it's going to go away by magic so, i do think you're 100% right that the agenda is now absolutely getting driven by the president-elect. but in a way, that's how it should be. i think the reason that the market hasn't -- has not processed in a negative way the

events of yesterday, as crazy as they were, is that they're fundamentally like in 13 days, trump is going to be out of there, politics can go back to being boring, we're going to re-establish some trajectory of getting control of the virus and going back to what we were doing before this whole mess began >> and ironically, austin, politics might get boring, but the markets are starting to act a little more interesting. i'm not sure if it's in a good way. yes, it's encouraging to see the ten-year yield back above 1%, inflation rates above 2%, but these are starting to spike a little bit the fed has already kind of talking about whether it's going to have to start tapering. you see what's going on with crypto prices. everyone is watching the dollar nervously. you could say currently this president has emboldened the democratic party, but is that platform one they'll be able to pursue or do you think they'll meet resistance in doing too

much >> well, if you're implying that there's a danger of runaway inflati inflation, yes, i totally disagree that argument that we better really watch out for the impact of inflation is one that the critics -- the democrats' critics have been saying since 2009 and we haven't seen that inflation. if we got inflation over 2%, that would be the first time we actually hit the fed's its flags target in, what, 15 years? let's dance a jig if we can get the inflation back to the inflation target. >> but it's not me, jason, talking about tapering, it's bostick, raphael bostick from the atlanta fed. the fed members themselves, we learned in the minutes yesterday, are already talking about taking the playbook from 2013, that was the taper tantrum, that saw the ten-year go from 1.8% to over 3%. so, they're cognizant already of the fact -- look, the ism

manufacturing report for december was over 60, new orders were for over 67, before the covid package that just passed, not to mention what else might be coming down the pike. it's not so much a question of runaway inflation as the appropriateness of the next piece of what could be, some analysts think, another $1 trillion stimulus package. >> if we have an economic response that relies more on fiscal policy and less on monetary policy, that would be a good thing i remember when people were worried about all of these asset purchases. worried that the fed was distorting markets worried that rates were too low for too long all of that is what happens when you don't do enough on fiscal policy if you do enough on fiscal policy and it turns out the fed doesn't need to buy as many assets, great. that means you've done a good thing in rebalancing the macro economic response in a way

that's both good for the macro economy but reduces some of the financial stability risks. i think they're small. some of the risks you have associated with over reliance on monetary policy. >> that's true that's been their objective. this may be the way of getting it one way or the other. thank you, both. appreciate it today. >> thank you coming up, it's politics and your portfolio we'll look at what the new administration with a democratic congress could do regarding different sector of the economy. bold moves from social media companies over the past 24 hours. facebook now panning the president from all of its platforms until he leaves office twitter shares down 2% after also making similar moves. bitcoin, oh, my goodness, just crossed over $40,000 for the first time we were speaking with dom chu minutes ago when it was at

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that could lead to policy changes across the economy here to discuss that plus what investors should keep an eye on in the wake of yesterday's riots in d.c., let's welcome in brian gardner, chief policy strategist at steeple and warnick mcneil. brian, i'll start with you can you give us a sense as we wait to hear from pelosi and biden this hour, possibly lindsey graham, there's only two weeks left to go with this president but what should investors be watching for between possible outcomes. >> obviously, there's a lot of scuttlebutt and speculation whether officials will step in and remove the president there's a lot of judgment calls that have to be made here, especially by administration officials. does any move to remove the

president make the situation worse or does he represent such a threat to national security and to the peace and stability of the country that he's unfit to lead. you and i can sit here, but when you're a principal sitting in that seat, it's much more difficult. you have to take into consideration the possible follow-up riots that could be worse. and with twol weeks, is it worth that price and that risk on the hill i'm skeptical, as you noted in your last segment there's not a lot of time left congress needs a little more time to act. it's one thing to have members of the opposition party weighing in really need senior repetitives to step in if this is going to be serious because it has to go that quickly you can't do quickly if congress has any division whatsoever. it really has to be a fully unified congressional action >> it sounds like you're saying maybe don't expect any significant developments either

way. it's not clear markets would care does that make sense that we've looked past this our markets are focused on strong sisterer signs from the economy, maybe fiscal stimulus coming down the pike again now >> i think most of the market is looking forward to a biden administration when you control the house, the senate and the white house, it means less gridlock in washington, more predictability. we know who biden nominates will likely be who he gets in his cabinet. that level of predictability businesses like. i think they also are looking at some form of stimulus, coordination between the state and local governments and perhaps state and local government aid to deal with the pandemic and i think that's all good

news there is an alternative to this, though, which -- yes, please >> go ahead. i want to hear the alternative >> i think we're going to have to pay for this, right will there be some corporate tax rate adjustment to pay for all of this? when you look at that, so there's some pros and cons, but i think the market is taking this in a very balanced way. >> so, is gridlock good or bad it was one thing when we have basically a purple washington and nothing's going to happen and now it's, well, we have a blue washington and stuff's going to happen, but we don't care >> i think a lot of people would like to see something done on infrastructure those things have gotten gummed up when you have bills that sit in the senate and can't get a hearing on the floor again, it doesn't mean this stuff is going to pass it just means we will get a chance to see them come to the

floor, they'll be debated. if passed, they'll be signed by the. the. i think infrastructure, the green dmi economy. i think ng those things are going to move in a biden administration that have been somewhat stuck over the last four years >> fair enough we've seen huge moves in some of these sectors like materials, some of those infrastructure plays. we've also heard for the last four years and not much really changed, i'm curious what you think in terms -- we mentioned this, but kind of going through the different sectors of the economy, we've seen financials up big and interest rate prospects looking better niche areas like solar and cannabis jumping what do you think investors should be looking for opportunities in >> i think risk and opportunities -- investors should be looking to the regulatory world, less legislative world. i do believe there's gridlock because it goes beyond just the senate flipping but it's only flipping 50-50 the house is closely divided

getting things through congress will be enormously difficult more of the action is going to be at the regulatory level i think there's some risk in the tech world and health care because of increased anti-trust scrutiny i don't think there's a sea change coming in banking regulation, although for a larger bank m&a deals, we may see things clowe down a little and as applications get more strict or closer scrutiny, so i think there's some regulatory risk, the energy sector, too i think kind of old energy, dirty energy is going to come under a closer microscope. there's regulatory ricks i'm not convinced on the reflation trade because somehow congress is going to be able to pass a reflationary type stemming agenda. >> interesting that you don't think that's as big of a prospect as maybe some others on wall street are starting to

expect thank you both, guys >> thank you, kelly. >> thank you. >> appreciate talking us through the washington agenda. coming up, world leaders reacting to yesterday's events on capitol hill. we'll look at the foreign fallout with former china ambassador and governor gary locke. take a look at the semiconductor names surging. nvidia, not a bad bitcoin play there with the exposurexposure amd, applied materials, lam, they're all up nicely. in other words, you want a hybrid. so do telcos. that's why they're going hybrid with ibm. a hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. from telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. good work little buddy. ♪ ♪

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welcome back chaos, what chaos? the dow, the s&p, the nas dam, the russell, they're all hitting record highs today the nasdaq is having its best day in almost two years. it's up 2.3% the dow at 3.6%. up 200 points at the moment as the ten-year yield continues to climb as well. touching around 1.08% today. just below -- a hair below that level right now. it only crossed above 2% for the first time since last march. take a look at the sectors and it's pretty broadbased let's bring in michael santoli for more >> never been witnessed before to see these on tv and not see the market reprice itself in

response to that, although it was off its highs yesterday afternoon. it's a lesson in what the market is built to do and what it evaluates, what it pays attention to it's willing to set aside things that don't feed into the direct economy, all those things it's attempting to discount every moment also, i think it's worth in the specific case to talk about how nothing about the policy premises that investors had going into yesterday was really challenged by those events if anything, over the course, as you heard people come out and respond to it, including republican senators and congress people, they were condemning the activity it seemed more likely than not beforehand that the electoral college vote was going to be accepted as ever it was uneasy to watch, perhaps, but the market -- i think you should start with the question, what should the market have been repricing during those events yesterday? what specifically? it's hard to come with it.

>> on that note, other things have been pushing us around. we have the economic data that's been strong. ism manufacturing, new orders up the trade deficit numbers today, that's actually a headwind for gdp but it's because of strong consumer import. it feels like they're looking there. we're seeing inflation expectations rise. we're seeing the fed talk about tapering bond purchases. that would all be a pretty big deal in a normal week. >> right the idea that we're set for an economic acceleration, perhaps even with more fiscal support or activism down the road, it's all about us you're getting this reinforcement of that idea that doesn't mean the market can't get ahead of itself on all these things it doesn't mean the market has it perfect there's a tremendous, as we keep talking about, speculative energy in this market that's oblivious to anything real going on in the moment it's all about tomorrow and expectations and some fast money.

all those things put together, it does leave it in a state of a bull market perhaps in the process of building toward some extremes based on good fundamentals and a federal reserve that's kind of letting the kids play as opposed to calling penalties right now. >> it's harder to call penalties. then it comes back to haunt you. mike, thank you. mike santoli back at hq. let's get to sue herera for a cnbc news update. >> here's what's happening at this hour. senate minority leader chuck shumer is calling for president trump's immediate removal from office soon we will hear what president-elect biden and house speaker nancy pelosi have to say about the capitol riot biden is scheduled to introduce his justice department team and pelosi will be holding her weekly news conference british prime minister boris johnson said today, president trump was, quote, completely wrong to cast doubt on the election

>> unreservedly condemn, encouraging people to behave in the disgraceful way they did in the capitol. all i can say is i'm very pleased the president-elect has now been properly -- duly confirmed in office and that democracy has prevailed. czechoslovakia's prime minister has changed his social media profile from a red hat modeled from trump's maga cap to a photo of him wearing a mask with the czech flag. he's also condemning yesterday's invasion of the capitol by a pro-trump mob. >> thank you very much. still ahead, facebook and instagram blocking president trump for at least the next two weeks, until the transfer of power is complete. those details, the potential fallout and the precedent it sets coming up. first, former commerce secretary and former ambassador

to china, gary locke weighs in on what yesterday's events could mean with our relationship with inanour global standing. we're back in a couple - [doctor] i recommend goodrx. you get free coupons to save on your prescriptions. - goodrx, smart. - [announcer] stop paying too much for your prescriptions. - thanks. - download the free app today.

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welcome back with yet more breaking news out of washington, let's get to kayla tausche. what's happening, kayla? >> reporter: we've learned elaine chao is resigning from the trump administration this was first reported by t"the washington post", which cited a draft email she's expected to send to department of transportation colleagues where she cites yesterday's events at the capitol as her reason for doing so important to note, she's the spouse of mitch mcconnell, the senate majority leader who mentioned a concurrent statement where he does not mention chao's position he applauds the capitol police officers and says the ultimate blame for the actions yesterday are the unhinged criminals who broke down doors, trampled our nation's flag and fought with law enforcement. he is not mentioning president

trump by name. he's not mentioning his wife's resignation from the administration we learned from two sources familiar to the matter that chao is stepping down from her post of running the department of transportation we'll see if we get more cabinet level resignations after this. this is the first. >> it's leaving people to speculate, did they leave because they wanted to pursue the 25th amendment and others didn't or just in disgust and that was a factor either way who knows at this point. that's something we'll have to report out at this point the information i have about her departure is very early. that being said, when i was in contact with senior administration officials about some of these nconversations around the 25thth amendment, her name was brought up as someone who might be interested in pursuing this path simply because of her position as a

member of the look-time establishment. she was the labor secretary under george w. bush her husband has served in the capitol for many dpek ecades ans present at yesterday's events. she's someone who not only has served multiple administrations but for whom the events hit home, quite literally. >> yep. the storming of the u.s. capitol is the lead story around the world with allies expressing shock at the scenes. china is mocking the u.s. government and contrasting it to it the protests in hong kong will yesterday's events hurt our diplomacy, especially in negotiations with china. joining us is gary locke, former governor of washington i'll call you governor, if that's okay. china does seem to relish this moment is it going to have a long-lasting impact, do you think? >> i think this deplorable,

shocking scene is going to have hugeramifications for the united states in terms of our image abroad and influence, not just in asia and with china but so many countries around the world. for so long we have been preaching to other countries to uphold the rule of law, to allow governments to transfer power after an election, to make sure the military doesn't step in and overthrow governments because they didn't like the election. and yet now we have all these other countries around the world that you've already reported on expressing concern about what has happened in america, urging americans to observe the rule of law and to respect the peaceful transfer of power and abide by the elections. they're now preaching to us. so china is laughing at us and saying, we're not the model of democracy and of civility and of

stability that we have always been lecturing the rest of the world to embrace quite frankly, it empowers china and provides its influence as it's trying to provide aid, economic influence and even foreign policy initiatives to the rest of the world. that is what's most distressing in terms of the ramifications to what we saw yesterday. >> this president is leaving in two weeks, governor, and the rest of the world is looking what a biden-led u.s. is going to look for and perhaps the next challenge for the president is if he's appeasing, i call them rivals, like china, by doing what the rest of the world would prefer in terms of coming to a consensus in our dealings, maybe softening the tone or if that ends up being a more powerful

way of negotiating, tilting the power balance back towards the west it's going to be a difficult balance for him to strike, don't you think? >> certainly american government and american businesses and american workers have long had grievances about the trade and economic policies of china they are not following their promises when they join the wto, they are not following international rules. these concerns america has are very, very legitimate. the trump policy or approach/strategy has backfired. it has not -- it has not caused china to change any of their responsibilities they were upset about, whether it was rule of law, theft of intellectual property, unfair trade policies and unfair government subsidies towards their businesses at the same time consumers because of the tariffs has cost the american household, on average, according to the new

york fed, "the wall street journal" and many other publications, $800 to $1,000 more per family per year at the same time our allies who are supplying these products to china and those european products are not imposing tariffs from china the goo goods from european countries are cheaper than american goods. that means our allies are reaping the benefits of this trade war, yet they have the same concerns. so, i think under a biden administration you'll see focus on these grievances of american companies and the government has had, worldwide concerns but we'll do it in concert n cooperation with our allies so that we're a united front so we're not suffering while our allies and the companies of our allies actually benefit. >> we were reminded this morning just how much trade balance is deteriorating.

governor, appreciate your time today. former governor and ambassador to china still ahead, elevation partners roger mcancanemy has m. >> youtube literally does not engage in the controversies. they're just as big a contributor. maybe not quite as big as facebook because you can't organize an insurrection on youtube but as far as spreading disinformation of hate, youtube is horrible. i find it astonishing they've been able to dodge responsibility for so long. >> facebook and instagram have blocked president trump for the rest of his term will the others follow suit? ♪ why do you build me up, build me up... ♪ ♪ buttercup... ♪ baby just to let me down!

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welcome back to "the

exchange." facebook blocking president trump's facebook and instagram accounts for the remainder of his term in a statement, facebook ceo david zuckerberg says we have allowed president trump to use our platform consistent with the rules. we believe the public has a right to the broadest possible access to political speech, even controversial speech, but zuckerberg said the current context is now fundamentally different involving use of our platform to incite violent insurrection against a democratically elected government what kind of precedent do they set? for more let's bring in chris kelly, facebook's first chief privacy officer and global head of policy and general counsel and cnbc's own julia boorstin is with us as well. chris, i'll start with you what do you make of -- what is your knee-jerk reaction to banning a sitting president in the coming weeks and the reasons they cited for it.

>> it's an extraordinary action but these are extraordinary times. i don't think we've faced a situation where the president of the united states is advocating armed insurrection against the congress that's certifying the electoral vote, the beacon it's an extraordinary time which calls for extraordinary measures this is actually a measured response to the situation that's been created by the president. >> so that said, do we have to worry about the precedent here or do you think it's such a unique situation as it relates to this president and this particular moment and that's kind of going to be the last of it >> this is a pretty -- i mean, the most extreme circumstance you could ever imagine and the action that's been taken is measured to that i do think that presidentially that it should be a principle going forward still that maybe there's a closer watch on the likelihood of whether something

would move into an armed insurrection and obviously the harm policies facebook has articulated publicly and holds privately in terms of of the way policy enforcement works are looking at that and i think they'll continue to look at that the process of thinking that a president would ever stoop to the level that president trump h has, has been hard for most americans to wrap their minds around, let alone the facebook apparatus. >> julia, let's talk about youtube. we heard roger mcnamee saying they're as responsible as other platforms. youtube has already talked a little bit about this, saying starting today any channels posting new videos with false claims in violation of our policies will now receive a strike and so forth. are they going to be under more pressure >> i do think all of these companies are going to be under more pressure, kelly to the point of your last

question, i think what's really important here is these are companies, they can set their own rules. they are not public utilities. they can set their own rules what's important is they show that they enforce those rules. consistently what they're showing -- what facebook is showing with this move today is that president trump is so much in violation of its rules that they believe this is a necessary step in order to secure the safety of the platform what i think we'll see going forward is, perhaps, more pressure on these companies to make sure they're enforcing the rules fully. it's hard in whack-a-mole situations to pull down content instantaneously. youtube, facebook, instagram have instituted algorithms to instantly identify offensive content but at the end of the day it's very hard to do that. i think youtube will come under more scrutiny. it's because it's not just about

the organization of things like the riot we saw yesterday but also the spread of misinformation that can cite that behavior. >> the language from senator warner is pretty strong. he says, i have continually said these platforms serve for violent far-right groups and militia groups helping them recruit, organize, in many cases, he says with respect to youtube, generate profits from their violent extremist content. what's the next step there for those who would say they do play a role some might say they're being unfairly blamed but if they do play an active role in these issues >> a lot is about enforcement at the end of the day many have these policies and articulated them and striking the balance for allowing for pretty extensive political speech and wide, robust, open debate and the move to violent

insurrection can sometimes be a thin line. american constitutional law and american first amendment law has tried to draw those lines carefully over time. i know facebook has been inspired by that this -- when i facebook and twitter and youtube and google have been trying to develop more and more technology to address this harmful content early on and i think that they will continue to invest extraordinarily heavily. the rules are clear. we have to focus on enforcement situations even after the capitol, you had the president defending the

people taking action that means the danger for the remaining 14 days of his term was too dangerous to allow him to use the platform. shares are up but twitter is a different story. they are down slightly some analysts are saying removing someone like the president from their platform could be more damaging because it's such a strong source of engagement is there a business risk here for these companies that the very point of their existence is undermined, not to mention, of course, the kind of earnings potential issues or profit margin pressures that they have to face and continue to ramp up enforcement and monitoring >> these companies have taken different tact twitter said if president donald trump removed or deleted three tweets that broke its rules a after 12 hours he'd be able to start tweeting again that would indicate that president donald trump after his account deleted three tweets at roughly 3 a.m. this morning

sometime this afternoon would have the ability to tweet again. the question of course is whether twitter will then decide to follow in facebook's footsteps and decide to extend the block on president donald trump's account. so i think it's worth pointing out these cases are taking very differentes as of this moment and we'll see what restrictions they put on the account. twitter is different people can share videos and reshare videos also kelly, remember that president donald trump has 88 million followers -- >> apologies to jumping in here but the president-elect himself is now speaking and we want to go right to this and hear his remarks. >> president-elect joe biden >> i'll have plenty of time to have the questions you

desperately want to ask about everything from the 25th amendment on, but i'm not going to speak to that today i want this to be the issue that we focus on because i think it's so important yesterday, in my view, it was one of the darkest days in the history of our nation, an unprecedented assault on our democracy, an assault literally on the citadel of liberty in the united states capital itself and assault on the rule of law, an assault on the most sacred of american undertakings ratifying the will of the people in choosing the leadership of thei government all of us grieve the loss of

life and des creatiecration of people's house wh yesterday it was not protest, it was not dissent, it was chaos. don't dare call them protesters. it was a ryouryou riotous mob, s domestic terrorism i wish we could say we couldn't see it coming but that isn't true we could see it coming the past four years we've had a president who has made his contempt for our democracy, our constitution the rule of law, clear in everything he has done. he unleash an unrelenting attack on our democracy he attacked the free press who

dared to question his power, repeatedly calling the free press the enemy of the people, language at the time he first used it i and others said has long been used by auto krcrats dictators. language this time with th imprimatur of the president of the united states. he choses to believe the word of vladimir putin over the word of those who have sworn their allegiance to this nation, many whom have risked their lives for

this nation. he deployed the united states, tear gassing protesters in the service of a photo opportunity in his reelection, even holding the bible upside down. the action that led to an apology from the chairman of the joint chiefs of staff and an outspoken denuns yaciation for use of military from scores of former military leaders and secretaries of defense led by secretary cheney. he thought he could stack the courts with friend lily judges which support him no matter what he went as far as to say he needed nine justices because he thought the election would end up in the supreme court and they would hand him the election.

he was stunned, truly stunned when the judges he appointed didn't do his bidding, instead acted with integrity, following the constitution, upholding the rule of law. not just once or twice or three times, but over 60 times let me say it, over 60 times in more than 60 cases in state after state after state and then at the supreme court's judges including people considered, quote, his judges, trump judges, to use his words looked at the allegations that trump was making and determined they were without any merit. nothing was judged to put this election in question or doubt by any of these judges. you want to understand the importance of democratic institutions in this country, take a look at the judiciary in

this nation, take a look at the pressure it was just subjected to by a sitting president of the united states of america at every level the judiciary rose in the moment during this election, did its job, acted with complete fairness and impartiality, with complete honor and integrity. when history looks back in this moment we just passed through, i believe it will say our democracy survived in no small part because of men and women who represent an independent judiciary in this nation we owe them a deep, deep debt of gratitude. then's there's the attack on the department of justice, treating the department of justice as his own personal lawyers

we'd hear the same thing, my judges, my attorney general, my judges and then yesterday, an attack on the congress itself, inciting a mob to attack the capitol, to threaten elected representatives of the people of this nation and even the vice president to stop the congress from ratifying the will of the american people in a just completed free and fair election trying to use a mob to silence the voices of nearly 160 million americans, who summoned the courage in the face of a pandemic that threatened their health and their lives to cast that sacred ballot i made it clear from the moment i entered this race that what i believe was at stake i said there was nothing less at

stake than who we are as a nation, what we stand for, what we believe, what we will be. at the center of that belief is one of the oldest principles this nation has long held. we are a government of laws, not of men, not of the people. of laws. i said it many times in the campaign our democratic institution is not a relic of another age they're what set this nation apart. they're the guardrails of democracy. and that's why there is no president who is a king, no congress that's a house of lords. a judiciary doesn't serve the will of the president or exist to protect him or her.