of going forward, but he knows another big thing, that we have to calm things down politically. that the world needs to be more united in its goals and its goals on global warming and attacking the virus and getting this thing done. that's what he knows and i think that's what in part what he will try to do today. >> all right. that does it for us this morning. stephanie ruhle picks up the coverage right now. ♪♪ hi there, i'm stephanie ruhle live at msnbc headquarters here in new york city. it's tuesday, september 21st and this morning we are following several major stories around the globe. breaking news in the coronavirus fight to start. brand-new data about those one-shot johnson & johnson vaccines, as the u.s. death toll from covid surpasses more than the spanish flu. while in del rio, texas, the make shift migrant camp is slowly shrinking this morning as questions emerged about how officials are dealing with the

surge there. and this as we learn that another 20,000 haitians in colombia may be making their way to the united states. while in north port, florida, the manhunt for the fiancée of gabby petito is continuing this morning after the fbi searched his family home. autopsy results of the remains believed to be petito could come as early as today. you know we are watching global markets after the s&p 500 had its worst day since may. the big question this morning, what sparked the selloff and will it last? we have reporters around the country and the globe with all of the latest developments. i want to start this morning, though, in countdown mode, just one hour until president biden gives his first speech as commander in chief at the u.n. general assembly. the theme of his speech, america is back. for the headlines, they are telling a very different story today. it has been a rough few weeks for america and this president and biden will tell the u.n. that we are ready to lead, the

rest of the world, they might need some convincing. nbc's white house correspondent geoff bennett is at the u.n., chief foreign correspondent richard engel, what a treat for us, is right here in new york. richard, i'm thrilled you're here. >> thank you. thank you. >> we have to start with you, richard -- excuse me, geoff. i know a lot of allies are upset because of what happened this afghanistan, we have issues with france. how is the president going to use this speech to get everybody back? i have to start with are we overplaying this a bit? do we not have to remember where we were a year and a half ago when former president trump would speak at the u.n. general assembly, it was an abomination which is a lot worse than a couple of weeks of bad headlines. >> reporter: and the president said -- the former president at the time made some remarks that drew laughter from the crowd. he said that no presidential administration had accomplished what his had in two years and that was rebuffed by some chuckles there from the crowd. look, i think you can expect a fair amount of fence mending on the part of president biden, not

just here at the u.n. general assembly but also later at the white house when he continues to host world leaders. you have his decision to end the u.s. involvement in afghanistan that brought about that hasty evacuation, some allies were frustrate bd that, there were questions about the durability of the u.s. commitment. there's that spat with the french that you talked about, they feel left out of the national security arrangement among the u.s., the uk and australia, but to your larger point, steph, yes, president biden having spent 50 years on the world stage, both as chairman of the senate foreign relations committee, later as vice president, these are all people with whom the president has preexisting personal relationships. so to your question is is this talk about conflict, is it a little overbaked? yes and no. i will say this, though, the president has made clear that he intends to share the message that he actually shared with our allies this past summer in his first presidential trip to europe, he says that alliances are the backbone of the u.s.

relationship with the u.n. and that america is back. to use that precise phrase yesterday when he sat down with the u.n. secretary general. take a look. >> america is back. >> reporter: and so the president will talk about the challenges not only the u.s. faces but the challenges that the global community faces, namely climate change and covid. he will talk about how working together is really the only way that we can combat the challenges and the crises that we face, steph. >> climate change and covid, those are two topics former president trump barely acknowledged or at least didn't acknowledge them with any sort

of science or fact base. i'm not denying that president biden is going to get a frosty reception, but how bad will it be? put it into a little bit of historical context. he does know a lot of these world leaders for quite some time. >> so what happens every year here in new york for the u.n. general assembly is world leaders come and they haven't been coming because of covid so this is a very important meeting for all the side meetings, to get some face time, to reestablish diplomacy. and i do think he's going to talk about these two big themes, these two big global themes that impact every person on the planet, climate change, which he has talked about how profound that -- national security problem that is, and covid, as there is an attempt to vaccinate the world before more and more variants come out after delta and so on down the line. i don't think he's going to touch much on afghanistan. his whole premise has been afghanistan was a side issue, it was a lingering war, it was a stone in the shoe that he wanted to remove. i think many of the people in that audience don't agree with

that, that there is a major instability problem in central asia that is going to have impacts for years and years to come. but i think he's going to stay on these big global issues. that is very different than president trump. president trump didn't want to talk about climate change, he wanted to talk about coal, he wanted to talk about himself. i think you're going to hear president biden talk about a lot of international alliances, democracy, that america is back, meaning back from where we were under president trump when he said chuckles, chuckles is a very kind word, when you're laughed at on the stage at the u.n. general assembly. that's a really, really bad sign. when you say something and you get heckled from the audience. i don't think he's going to get heckled from the audience, any chance of that. >> i know we have to move on, but i have to ask you, richard, you're sitting two feet away from me. i'm normally talking to you when you are in a far more dangerous area. >> you want me to leave? >> you were in afghanistan weeks ago. how does it feel right now. >> what do you want us to know about what's happening there? >> i think it's really important that it's not relegated to a

side issue. people think there were just a few thousand troops and now the afghan people are going to have a tough time with the taliban. let's move on. let's think about something else. the problem is just because a lot of americans want to think about something else and i'm not talking about should we have stayed, should we have gone, that's an endless unknowable debate, but the situation as we find ourselves in right now with the taliban in control of a country in central asia and the whole region adjusting around it, it is not just the problem of afghanistan. this is going to be something that we're going to be talking about for, i think, for the next several years before we really know the consequences of that. >> this will not be a side issue here, not with your reporting. richard engel, an honor. >> it's great to be here. >> i'm glad you're here with us today. now we have to turn to texas where the migrant crisis may be on the verge of getting a whole lot worse. you have seen the pictures of haitian migrants camped under a

bridge in del rio, roughly 12,000 of them. now we're learning that thousands more could be on their way from colombia, from panama, from perú that could triple the number of migrants in south texas. nbc's morgan chesky is in del rio, julia ainsley covers the dhs, she broke the story about the new group of migrants that may be headed here. what can you tell us? when you think about what has happened in haiti in the last few weeks and last few years it's a dire situation at home for them. >> reporter: it is. there really isn't a home for these people to go back to, stephanie. a lot of these haitians left their home country, some around the 2010 earthquake, others during the different devastating events there both natural and political that have occurred in haiti over these years. they've been living in south america. many of them were there around the olympics in 2016, their opportunities there have dried up and it's very hard for them to find work or find any way to feed their families. and now according to internal documents that we obtained last night, dhs is monitoring a group

of more than 20,000 haitians that have all amassed in northern colombia who may be the next group to come here. there are also more than 1,000 in panama, more than 1,000 in perú. they are also monitoring these groups to see if they may come. a big reason they're monitoring, stephanie, is because as the secretary told morgan yesterday, this group of 15,000, largely took this country, this dhs, by surprise and how quickly they came here. usually when you have a large group it's something that the administration, the government can see coming for a long time. so now they're trying to pay more attention to this group and as we know it is very difficult when you're deporting people back to a country like haiti, especially in such dire circumstances that haiti is in, and especially when there are people who really haven't had a home there for years. >> morgan, what's the situation in texas? >> reporter: it's still very fluid, steph, and it's still a dire situation. we know that at last check about

9,000 migrants are still living in the shade of that border bridge not too far away from where i'm standing. we know that flights are expected to pick up today, both back to haiti, but also what they're calling lateral flights and that is flying migrants to other processing centers that are currently not dealing with the overwhelmed nature that del rio is. in the meantime we are still seeing that massive law enforcement presence here, state troopers continuing to essentially park on the banks of the rio grande. border patrol agents focusing on processing as fast as possible. buses running 24/7 from this camp. while the numbers are dwindling there is still not a firm timetable on how quickly everyone will be able to be processed. important to note dhs has said that not everyone will be deported. they're focusing deportation-wise on single haitian adults and families that do not claim asylum, but any accompanied child, any family claiming asylum will likely stay in the united states. the mayor telling me today,

though, that food and water is present there at the camp and being handed out, but with conditions reaching triple degree -- triple digits today and yesterday, heat exhaustion very much a concern, we've seen ambulances going into and out of that camp and really right now another day comes with an uncertain future for so many people, but also from an operations standpoint because they don't know how much longer this could go. >> julia, when we look at migrants who have been coming over the last few years from northern triangle countries, you could go back to those countries and say because the united states is providing so much less foreign aid, those countries have gotten far more dangerous and that has caused so many people to want to flee. now let's take that to haiti. we are sending thousands of migrants back but the country is a mess. we mentioned it a moment ago. what if anything are we doing in haiti right now with their government to make it a safer better place so people won't want to leave? >> reporter: well, this

administration laid out a number of points that they wanted to do to try to improve the situation in haiti over the summer, but now you're in a completely different climate now. we've heard from haitian authorities that they actually want a pause on these deportations. that's not something this administration has agreed to. we understand or we hear from the podiums here, stephanie, in washington that they want to help these people who are going back to their countries, but the officials i'm talking to say there's not a lot of teeth to that yet. a lot of these people are going back to desperate grim situations and there is not a lot changing about that. these are now questions really to take off of dhs and ask the state department what is being done diplomatically to try to work with haitian authorities and improve conditions for not only these people being returned, but also for the many haitians who are there dealing with the aftermath of that august earthquake and the assassination of their president earlier this summer. >> my goodness. morgan, julia, thank you so much. really important reporting. now we have to turn to the latest on the case of

22-year-old gabby petito and the search for her 23-year-old fiancée, brian laundrie, who has not been seen in a week. we just learned that the fbi along with local officials will resume their search today in a 25,000 acre preserve where laundrie said he was headed when he disappeared. it comes on the same kay da i that officials seek to confirm that remains found in wyoming are those of gabby petito. nbc's catie beck has the latest. >> reporter: this morning a cross-country investigation is under way, authorities searching for evidence in the gabby petito case, while trying to track down her fiancée, bll, who has been missing for a week. on monday fbi agents scoured the florida home of laundrie's parents where gabby and brian also lived, declaring it a crime scene. the family escorted from the house adds investigators took photos in the backyard around a storage shed. even towing a vehicle from the driveway. authorities suspended a search

in a dense wildlife area where laundrie's family told them brian went for a hike last tuesday. days later a body believed to be petito's was discovered in wyoming. >> we continue to seek information from anyone who utilized the spread creek disbursed camping area between the dates of august 27th and august 30th. anyone that may have had contact with gabby or her boyfriend. >> our plan for today is to just hang out. >> reporter: the couple has spent months on the road together posting upbeat content on social media about their van-life adventure, but on august 12th witnesses in utah called 911, reporting a dispute. >> we drove by and the gentleman was slapping the girl. >> reporter: a short time later footage from police body cameras captured petito appearing distraught. >> we have been fighting all morning and he wouldn't let me in the car before. >> reporter: according to a newly released affidavit filed by north port police, the responding officer in utah described it as a mental health

crisis, not a domestic assault. the case has fascinated people nationwide, with many amateur sleuths sharing tips and spreading theories online including on tiktok where the gabby petito hashtag has gone viral, viewed more than 500 million times. laundrie who has not been charged with a crime has refused to speak with police, citing the advice of a lawyer. he has also not reached out to gabby petito's family in any way. according to her father, who sat down with "dateline." >> there is no way that you come home on a trip with the love of your life, you've been in a van for two months, and you tell no one. you don't answer phone calls. your parents don't answer calls. no one says nothing. >> catie beck joins us now. i know they searched brian laundrie's family home. did they find anything? >> reporter: well, yesterday we

watched, steph, they actually towed a car from the driveway, came out with cardboard boxes full of evidence. one thing we did learn from a search warrant they were able to obtain was an external hard drive that was inside the white van that couple was driving across the country with, that can prove a pretty critical piece of evidence if it's able to determine a timeline and track where they were at given times and perhaps even some of their communications. steph? >> catie beck on this story, we will continue to monitor as we get more developments. thanks. coming up, we are keeping an eye on the united nations ahead of president biden's big speech scheduled to take place in less than an hour. the president stepping into the global spotlight at a critical time. but first pfizer now saying its vaccine is safe and effective for kids five years old and up, but when are they actually going to be able to get that shot? former fda chief scott gottlieb and new author will be here to answer that next. and new author will be here to answer that next we see things so you can focus on what matters most.

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model, you can get meds prescribed and delivered. and talk with a licensed therapist on your own time. with cerebral, everyone gets a care team. get your first month for just $30 at getcerebral.com. now to breaking news in the fight against the coronavirus. johnson & johnson says its single-dose vaccine holds up against different covid variants, but it's even stronger after the booster shot. it comes after the virus officially killed more people than in the 1918 spanish flu. right now our country keeps averaging about 1,900 deaths every day with another 100,000 projected between now and the

new year, but we are getting closer to normal. after the white house announced eased restrictions on fully vaccinated international travelers starting in november, plus schools are preparing to get kids vaccinated once that approval comes through after pfizer said their shot is good for children ages 5 to 11. steffy gosk is all over this story. steph, i know as a parent of school-aged children this is a huge priority for you. what have you learned? >> reporter: yeah, it absolutely is. there are a lot of parents who are eager to get this news from the fda, although it could still be weeks away. there's other news as well this morning on the vaccine front, johnson & johnson with great news for people who have gotten their vaccine, they say that their latest data shows its standing up well against these variants and that if they get a booster it could be even stronger. the problem is that does little to clear up the confusion over who should get the boosters and

when. this morning johnson & johnson out with new data that shows its single-dose vaccine is working to provide long lasting protection. but the company says a booster shot will do even more to keep people safe from the coronavirus. if driven within two months of the first shot, j&j says its booster can provide 94% protection against moderate to severe covid. but the fda has yet to approve boosters for any of the vaccines, and it's leading many americans struggling with mixed messages after a month of back and forth. in august the biden administration publicly supported boosters and said they would be widely available this week. >> eight months after your second shot, get a booster shot. >> reporter: last monday two fda scientists who have now announced they're leaving the agency argued against the need for boosters. then on friday an fda board recommended booster authorization for the pfizer vaccine, but only for people over 65 and those with

underlying health risks. a final decision won't be made until the fda meets with the cdc this week. a lot of people left wondering what they're supposed to do. >> one of the greatest errors that took place at the beginning of this was mixed messages. >> reporter: meanwhile, a whole new age group could soon be authorized to get the shot. pfizer says a smaller dose of its vaccine triggers a strong immune response in 5 to 11 year olds. authorization for those younger children could come before halloween. >> this vaccine could not only prevent school closures t could actually get us out of one of the most horrible phases of the pandemic we've experienced yet with the delta variant. >> reporter: health officials warn that although children are at far less risk of getting severe covid, 30,000 kids were hospitalized in august. >> all you need to do is to go to pediatric hospitals around the country, particularly in the southern states, and you will see that there are many children that are hospitalized now for

covid-19. >> reporter: pfizer now saying its vaccine is a safe and powerful tool to turn those numbers around. the fda says it hasn't gotten the data yet from pfizer, it should get it soon and then that decision will come in a matter of weeks. moderna says it is also studying the effects of its vaccine on 5 to 11 year olds and they will be submitting that data within the next few months. steph? >> stephanie, thank you. i want to dig deeper and bring in dr. scott gottlieb, a former fda commissioner under the trump administration and he sits on pfizer's board of directors. he also wrote the brand new book "uncontrolled spread: why covid-19 crushed us and how we can defeat the next pandemic." that title makes that a must read. scott, i want to start with this booster confusion because there are so many mixed messages going on and this is undermining the trust in our public health system. can you please explain why we are on boosters. our audience trusts you. >> well, i think the fda came

out in a prudent place, the advisory committee. the recommendation was boosters should be available to those over the age of 65 as well as people at a high risk of having a bad outcome of covid, that recommendation from fda now goes before the whole agency so that was the advisory committee, the agency is ultimately going to render a decision or make a decision to authorize boosters for some population based on that advice and then it will go to the advisory panel of the cdc which is ultimately going to provide more granularity and advice to consumers and patients on how to interpret that recommendation and providers. i would expect the cdc to affirm what the fda did and authorize boosters, recommend boosters for some complement of the population, particularly older individuals who are vaccinated a long interval ago as well as people who are at high risk of a bad outcome from covid, that could include people at high risk of exposure to covid because of the occupations in

which they work. i think that boosters will be available in short order after this gets fully reviewed by the fda, the fda ultimately renders a decision based on the advice from its own panel and that goes before cdc and cdc gives general guidance to physicians and patients. what's going to happen, i think, over time is that the public health authorities here in the u.s. will continue to collect more information and based on what they see about declining immunity among the population, among people who are vaccinated a long interval ago, this he may expand eligibility for boosters to younger people, people at lower risk from covid, again, based on what the data shows. right now we're relying on data from israel to inform these decisions pause we are not collect tg here in the united states but now we are going to have the opportunity to start collecting our own data on the impact of boosters. >> speaking of younger people, walk us through now how this approval process works for the vaccine and kids. we keep hearing maybe it will come around halloween, but how does the process really work, and will it be emergency approval or full approval? >> right. so this is probably going to be

under an emergency use authorization initially, as will the boosters. it's going to also be under an emergency use authorization at least initially. this is a vaccine for children ages 5 to 11, it's a smaller dose than the dose used in the adult population. the exact same vaccine but one-tenth the dose so a smaller dose -- one-third the dose, excuse me. the reason is that pfizer tested different doses and tried to find the dose that provides the optimal amount of protection in terms of antibody response. so this dose in children ages 5 to 11 provides a comparable level of antibodies response to the dose that we used in children ages 16 to 25. so we compared it to kids ages 16 to 25, it actually produces slightly more antibodies but because it's a lower dose the hope is that it's going to be less reactive genicity, less vaccine related side effects like fevers and injection-site reactions and provide a greater margin of safety. safety really was the focus in terms of trying to find the dose for kids that would be optimal. you're trying to balance

appropriate efficacy in children with a dose and a vaccine that's going to be hopefully much more tolerable given reluctance of some parents to use a vaccine in children. so hopefully if you have a more tolerable vaccine that's going to inspire more people to feel comfortable using t pfizer will be in a position to file with the fda within a matter of days, the data package from this clinical trial, the fda has said that the review is going to be a matter of weeks, not months. i interpret that to suggest that the agency is likely to take four to six weeks to review this application. so on the good end, you could see an authorization perhaps by the end of october, by halloween. if it slips a couple weeks, maybe by mid-november, but if the fda's review goes well, if they affirm the integrity of the data that pfizer is submitting to the agency and they ultimately judge this to be safe and effective for children, you could see an authorization as early as a month for children ages 5 to 11. >> a family safe thanksgiving, that puts a smile on my face. you and i often talk about different incentives to get people vaccinated. there's a new kaiser family

foundation analysis that says 72% of the largest insurers across this country are no longer waiving covid treatment costs. so if you're unvaccinated and you've got to go to the hospital, you're going to have to pay that nasty big bill yourself. is that a way to get more people vaccinated because most unvaccinated people they don't think they're ever going to end up in the hospital. >> i don't know that this is going to have a lot of impact on the margins in terms of incentivizing vaccination. i think that this was an inevitable decision by health insurers. it was extraordinary that they were covering all the out-of-pocket expenses, that was something they were doing in the setting of a pandemic when this was really spreading in an uncontrolled fashion. i think it was inevitable that they were going to start to treat this like other infectious diseases and there will be consumer costs associated with the hospitalization or treatments that are required for covid. i think that the reality is that getting the incremental patients who remain unvaccinated vaccinated will be difficult.

the biden administration has done a good job to date getting people vaccinated fully, 76% of adults over the age of 18 have had at least one dose of vaccine, many will complete the series, but it will be much more difficult to vaccinate the next 1% than it was to vaccinate the first 20%. we're fighting for small increments right now. that doesn't mean we shouldn't continue to do that. if we can get to 80%, 58% of the adult population vaccinated that's going to have an appreciable difference in terms of the propensity of the virus to continue to spread. we need to recognize it will be a much more difficult task to get the holdouts vaccinated, some people it's still hard for them to access the vaccine, some are reluctant to take the vaccine for various reasons, there's a lot of heterogeneity in terms of why people have chosen to remain unvaccinated up to this point. we are going to have to work patient by patient to try to get additional people vaccinated at this point. >> scott, your book devastatingly details how we dropped the ball on covid. you said the cdc was totally unprepared to handle it.

oftentimes when we look back on situations like this the government says, oh, let's create another agency, but creating another agency often just means more red tape, more bureaucracy and it solves nothing. how do you think we better prepare? >> look, i think we need to invest these authorities and capacities within the cdc. we can't create a new agency and this can't sit outside the cdc but you need to imagine what cdc will be capable of doing in public health crises of this magnitude. they will need an operational capacity to do the logistical support you need in a public health crisis, national public health crisis. they will have to change their culture and mindset and be a much more forward leaning prospectively focused agency. the cdc has a retrospective mindset, they collect data from bespoke data feeds, but they take months to reach conclusions and publish those conclusions in a weekly report. what you need in the setting of a fast-moving crisis is an agency able to surface realtime information, do realtime

analytics to inform current policy making. cdc wasn't up to that task. before we even have this discussion we will have to have a more fundamental discussion about the role of public health officials in the setting of a public health crisis. i think to properly have the right orientation going forward for how we grapple with these kinds of crises you will need to empower public health officials and public health agencies in a way that they perhaps weren't even empowered in this crisis. i think there's a lot of people this isn't just a right versus left debate, reap/democrat, i think there's a lot of people who feel that the advice from cdc wasn't reliable, wasn't articulated in a way they could incorporate it into their lives, changed a lot, six feet, three feet, ten feet, should i wear a mask? shouldn't i wear a mask? they are skeptical. we will have to convince the public why public health officials should be empowered in a crisis like this before we go about the gas task of building the right organizationes. >> cutting edge and government agencies don't often work hand in hand, but in a situation like a pandemic we certainly need them to. dr. scott gottlieb, always good to see you.

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right now markets just opened with the dow back up about 180 points after a brutal day on wall street. the dow, nasdaq and s&p had

their worst days in months, even for those who never look at markets if you had a 401(k) you were certainly asking what in the world is going on. it all started in china where a massive real estate developer a chinese conglomerate is at risk of defaulting on $300 billion worth of loans. when you add that to what's going on in washington, pure gridlock, the fed eyeing a possible interest rate hike, the delta variant spreading and the u.s. government at risk of a government shutdown as well as little progress on the debt ceiling and of course infrastructure, and then throw in the annual september slump, all of this made for a terrible day for investors. is it going to be a terrible day or is it a sign of something worse to come? i want to dig deeper and bring in dom chu. let's start with china. lots of people out there are saying ever brand i have never heard of this company but it matters because if a company of that size is on such shaky waters, this could be saying that the global economy is not

that strong. are we seeing more signs of this besides this one company? >> i mean, it's the contagion factor, right, stephanie? it feels use to use that given the fact that we are in a covid pandemic, but it's the idea that what happens to a very massive, like you said, arguably systemically important part of the world's second-biggest economy, that's china, only the u.s. is bigger, if that could spill over to other parts of the asian markets, which then could spill over into the middle east or european markets and then spill over to our shores in america, that's the reason why investors are just getting a little bit more cautious right now. we already got headlines that ever brand has missed interest payments on its bonds yesterday and there's another big interest payment due later on this week. if ever grand does default, if they cannot pay their loans, the banks that lended them all that money for that massive real estate expansion, they risk not getting their money back, that could trigger more widespread financial panic. if the banks start getting hit, other banks around the world

feel the pain. we think about the asian financial crisis in the 1990s or even the way wall street collapsed during the great financial crisis of a decade plus ago. >> dom, you're detailing more bad news out of ever grand as i'm looking at the markets now up 200. one of the things that freaked the markets yesterday was this idea that we could get a federal government shutdown. here is the thing, we both know it is a political dance. it is highly unlikely that we are going to have a shutdown. and though we would never ever want that to happen, even if it did it would be short term and the last time it happened it was a blip in the markets and then there was an immediate recovery. so is all of this a legitimate fear if the markets? come on. >> it will get resolved, steph. it always does. we've gone through these partial government shutdowns before, i mean, with he got one that finished in early 2019, sometimes policymakers, lawmakers they just need to feel that kick, that shock and that market volatility ever so slightly and this realization that it could get a lot worse.

if that happens, then, yes, policymakers kind of get that kick in the butt and they start to kind of get things hammered out. the real issue is what you outlined in the introduction this have particular segment. it's the fact that out of washington right now you've got so many irons in the fire that are all uncertain. you put the debt ceiling, the government shutdown in the middle of a campaign for infrastructure spending, amid that massive reconciliation package, it's a lot to keep track of and a lot of variability, a lot of stuff in the market to handicap. so, yes, we saw the pull back yesterday, it was a conglomeration of all of those different things, but, remember, even with the pull back that we saw we're less than 10% away from record highs in the overall market. so, yes, washington matters a little bit more these days, but progress there is probably what's going to incrementally get more clarity. it might be the reason why you're seeing a bounce back. remember, your graphics showed a 600 some point drop for the dow. yes, you get 200 back, you've still not a long ways to get to get back everything that you lost yesterday. >> sure, but, again, it's been a

very, very good year. dom chu, thank you so much. coming up, we are watching the united nations where president biden just arrived for his big speech in the next hour. plus the committee investigating the january 6th attack on the capitol said it could start issuing subpoenas to companies and individuals any day now. here is a question i want answered, is anybody going to actually respond to them this time? o em this time but his diabetes made food a mystery. everything felt like a “no.” but then paul went from no to know. with freestyle libre 14 day, now he knows how food affects his glucose. and he knows when to make different choices. take the mystery out of your glucose levels - and lower your a1c. now you know. try it for free. visit freestylelibre.us ♪♪

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[fast upbeat music begins] absolutely. [music stops] and release. [deep exhale] [fast upbeat music resumes] [music stops] the biggest mash up we've ever had. that's what one of the longest serving house democrats transportation chairman peter defazio is calling everything that is happening on capitol hill right now. all at once democrats are trying to pass the bipartisan infrastructure bill, the $3.5 trillion spending bill, fund the government and raise the debt limit. oh, and you've got just about nine days to get it all done. nbc's sahil kapur is on the hill and i want to bring in the

co-founder of punchbowl news john brez any hand. can you walk us through all of these moving parts. >> reporter: the bill is currently in a trimming phase at this moment, i think we can call it that safely. the committees have finished up their work, it's in the hands of president biden as well as speaker nancy pelosi and senate majority leader chuck schumer. pelosi put her members on notice that a number of things are going to happen. they will come up with a top line number that can pass the senate before they put it on the floor of the house. she made clear that that could be $3.5 trillion but it could also be less than that. it is almost certainly going to be less than that. she also put them on notice that the senate is going to have what's known as a birdbath where provisions that are not eligible for this bill are stripped out. that's an excruciatingly annoying piece of jargon here but important to know because a number of provisions that democrats support are not going to be able to pass in this bill.

beyond that they have to figure out what has the votes and they have done to make the difficult policy choices to narrow down provisions and pelosi did add at the end of it that she wants a substantial package: of course, stephanie, democrats have to balance it with other deadlines to keep the government funded and the debt ceiling. peter defazio summed it up very well, let's put that on the screen, he talked about how in all his time in congress i've been here for cliffs and crises and wars and this is going to be the biggest mashup we've ever had since i've been here, with the debt limit, government shutdown, reconciliation and infrastructure i have no idea how it all works out. i asked him how his portion of the reconciliation package is going, he said it's going well and advised me to talk to senator manchin and sinema about what they think. democrats don't know what their end game s don't know if they're willing to take this ship down and take the party down with it or if they're just posturing. >> john, this morning when i looked at punchbowl news and

read the quote that democrats are a party that at the moment is a bit adrift and doesn't seem to know how to turn its bold ideas into legislation that can actually pass, when i read that i thought, that's pretty aggressive, and then i heard what defazio had to say and that sounds even worse. do you think they're going to get something done? >> i do. i think that at the end of the day they will get something done, but it's going to be a long process. now, as you -- >> it's already been long. >> it could be months. it could take weeks, it could take months. getting a top line number like sahil said is different than actually getting a bill. we're talking about in this reconciliation package something that's trillions of dollars that's going to be thousands of pages long. i do want to take one note. they did just introduce -- democrats just did introduce a bill to keep the government funded through december 3rd that includes $26 billion for disasters and more than $6

billion to resettle afghan refugees. that's going to get attached to the debt limit. that's going to get blocked by senate republicans. this is where -- you know, we're starting the process. this was the first step. they have to keep the government open and get the debt limit done, that's the first thing and at the same time on the second track they have to work on this reconciliation package. >> john, i want to ask you also about the committee investigating the january 6th insurrection. they're saying they are moving quickly and aggressively, subpoenas could come as early as this week. what do you know about that? because we have just come off four years of subpoenas getting treated like tissue paper. >> yeah, the chairman of the committee, benny thompson of mississippi, he said -- he told reporters yesterday that we could be issuing subpoenas as early as this week. he didn't say where they're going. they have a list of targets, they have hundreds of people they want to talk to including a lot of -- >> okay, but i got who they want to talk to.

how about the recipients of said subpoenas, the likelihood they're going to actually adhere? >> it depends. you can't just ignore a congressional subpoena unless you have the grounds to do so. now -- >> i don't even know what that means. >> well, if you have the grounds -- if you are a regular plain citizen, congress subpoenas you, you know, you are a regular run-of-the-mill person you have to go talk to congress. that's a subpoena, they can enforce that. now, if you are a member of congress, they can also subpoena, if you are a member of the house they can subpoena you, that's also something they can do. if you're former president trump or you're former senior administration official, you do have -- there is an executive privilege issue here that is probably going to end up in court. >> so it's going to take more time. john and sahil, thank you so much. we have to leave it there because in just a few minutes president biden will be debuting his speech at the u.n. general assembly. the question is what does the president need to say when he

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find new flexibility. find new roads. chevrolet. we are keeping a close eye on what is happening at the united nations. we saw president biden arrive just a few minutes ago. he's set to deliver remarks at the top of the hour. while we wait, i want to bring back nbc's jeff bennett. he's at the u.n. also with us, glenn johnson, former state department senior adviser and author of "window seat on the world." now axios political editor and nbc senior international correspondent, keir simmons also joins us from london. jeff, why should people care about this speech? >> reporter: it's an interesting question, steph. i think after four years of an isolationist, nationalist president, who espoused an america first view, who made clear that he had no use for multi-national organizations like the u.n., in comes a president biden. a man who as i mentioned at the

top of the show, 50 years of public service. he's an institutionalist. he's an internationalist, and so he's going to make the case that america is back and that america is ready and willing to work with our global partners to confront the challenges the world faces. and so, you could make the argument that the speech, the speech he's going to deliver in about 10, 15 minutes from now matters to a point. what really matters is the work that comes after it. so the president has additional meetings scheduled at the white house tomorrow and friday to talk in depth and in detail about covid, about trying to rally global ambition, to increase the pace of vaccinations across the world. and to confront climate change. i spoke earlier to gena mccarthy, who is the biden administration's national climate adviser, and she said that this is a code red situation. not just what's happening in the states, but wildfires, multiple wildfires now burning in california, the hurricanes, the flooding from the gulf coast, all the way up to the northeast. but you also have siberia

experiencing wildfires, greece experiencing wildfires, places that had never really encountered this before. and there's a concern that if the global effort continues at the current pace, it won't be enough. so you can expect the president talk more about those two presses crises, climate change and the covid pandemic. >> on some of the big issues like afghanistan, it did not seem like the united states was going out of its way to consult with allies at the united nations. so how should we understand the relationship right now between the u.s. and the u.n.? could one argue we've been going wan america first strategy? >> well, i think you have to look at just the dynamic of who's actually showing up. i mean, the president is there, the president of russia is not. the president of china is not. and the first thing that president biden did yesterday when he landed in new york was go meet with the u.n. secretary general at the u.n. headquarters

there. there's a level of deference to the united nations and a respect that i think that president biden has shown through being a senator and as vice president for the institution. the reality, though, is a lot of other countries have been putting themselves first. and as you saw somewhat ham handedly by president trump, but now a little bit more diplomatically by president biden, the u.s. is reasserting its sovereignty on some of these issues. china is a huge competitor of the united states. russia is meddling in a variety of areas and so what is he doing, he's creating an alliance. he's working with the uk to try to lift the travel ban that will affect all of europe and so he is trying to pursue our interests in a way that is deferential to the diplomatic community and the u.n. in particular. >> we know there have been a lot of tensions between the united states and other countries.

i'm thinking france, for example. from your european perspective, are those really big deal or are we blowing them out of proportion? >> they're a huge deal. listen, the leaders of the world will be watching president biden and asking themselves one simple question. who is this man? he talks about alliances around the world, but his actions at times have been almost trumpian. if you look at afghanistan, making the decision to have that withdrawal, springing it on partners, if you like, and then sticking to it. and then that deal that you were talking about over nuclear submarines for australia that has left the french furious in recalling ambassadors. the world's leaders know they need president biden, for example, to push through climate change agreements, but at the same time, they're going to try to figure out from this speech exactly what the road map is looking like going forward. and one other point, steph, and i think it's crucial here. president biden will talk about

china. china has the possibility of really ripping europe apart. you think about in germany, germany has china as its biggest trading partner. you have already seen this division between the uk and france over that nuclear submarines for australia, which is clearly a move to confront china. so i think the europeans watching face some really difficult decisions and choices, because it looks like president biden is offering them a choice, side with us or side with china. >> gentlemen, thank you for warming us up. president biden is about to hit the big stage. glen, jeff, keir. that wraps us this hour. i'm stephanie ruhle. chris jansing picks up breaking news coverage on the other side of the break with all eyes around the globe on the united nations as president biden is set to speak any minute now. don't go anywhere. big news day. minute now. don't go anywhere. big news day i work as a personat to the owner of a large manufacturing firm. i've got anywhere from 10 to 50 projects going at any given time. i absolutely have to be sharp.

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alright. y'all know when they say your home is a reflection of you? well helene found herself in a lamp. no joke. i got a fancy grown up lamp to make me feel like a fancy grown up. mhm. adulting ain't easy.

ooh! check this one out. waffles loves her dog bed. we can hardly get her out of it. she's kind of a diva. yes, waffles! living your best life. [woof] i'm telling y'all there's no place like wayfair to make your home totally you. ooh! i want that. good morning. i'm chris jansing. right now at the united nations, president biden is just about to deliver his first address to the general assembly. it comes at a crucial moment in his presidency, both domestically and internationally. amid questions over whether he can bring the u.s. back to its position of global leadership. just one in a series of foreign policy crises, french president emmanuel macron still angry with the president over a secret submarine deal,