>> it should be. >> jeffries is one of on.haven't seen joe crowley up at he's on the team. >> he always wears the mets jersey. he's a congressman from queens. strike one. >> for the damag you have california, colorado, connecticut, indiana. jeffries is it. he is the new yorker. >> with the accent as well. >> he falls it behind the dugout. it is it to into. top of the fourth inning, almost halfway through. the democrats are leading the republicans 5 - 1. thank you for joining us, we are live from national park. the 57th annual congressional baseball game. were going to clear up somethi something. tony swings and pops it up. they make the catch and there are two outs. >> were calling it the 57th annual game. this game has been annual, biannual, it has taken breaks, at one time it was a media versus congress game. the teens were not democrats and republicans. it existed in many different forms over the years. on the old tally they were missing three republican wins dating back to 1909. we added those back in the official house re

joining me now is democrat of new york congressman haquin jeffries who visited a facility in texas this week. i went to texas to see these children, and i hear they're developing a plan which says to me they never had a plan. and if they never had a plan, they had just decided they were going to break up people's families and it doesn't matter. because they sent these kids to new york, seattle, washington, all over the place, and you never had a plan on how you were going to bring them back together? even if they stayed with the separation of families, at some point they would have known they had to bring them back together? they never had a plan? >> that's correct, rev, because this was cooked up for political reasons. jeff sessions and the boys decided they were going to use young, vulnerable children has hostages to try to extort dec democrats in the house and the senate to give donald trump $25 million for his ridiculous border wall and a road to the legal immigration system. >> give donald trump $25 billion, right? >> that's correct. >> for what? >> for the border wall. >> but mexi

the chief european economist at jeffries, good morning to you, sir. how are you? >> very well indeed. >> i'm very happy to talk to you at length about all of the issues going on in spain and italy. i want to start with deals all i'm mentioning is deals. some of them i'm scratching my head about others of course like the monsanto/bayer deal, you get it. the industry didn't work and now they're looking at joining up. how do these deals impact how you feel about the broader markets? >> the bank of japan, socgen, the eurozone is running this surplus. investors are hungry for yield we see this translating into net capital outflows the eurozone is a big buyer of these markets. at the same time the eurozone was attractive and will attract a lot of net buying from the investors given that the eurozone is still recovering >> bear ind they'rsaying everything they do is whether they have positioning. the other side of that dollar as well i can't understand what's going on on the european economyi loo. i have for the last 30 years the good, the bad, the ugly. i can't work out

jeffries. ♪ host: good morning, it is tuesday, june 26, you are seeing live pictures from outside the supreme court where we expect down,ulings to be handed including high-profile ones on union fees, the president's travel ban, and crisis pregnancy centers. the house and senate are also both in today. both chambers will convene at 10:00 a.m. until then, we are with you on the "washington journal." and we begin with a question for democrats only about the tone and approach you want your party --take when it comes to would you prefer your party take the high road or should democrats be more aggressive pushing back against president trump pre-to give us a call, democrats only in the first 30 minutes. democrats in the eastern or ceral time zone 202-748-8000. democrats in the mountain or pacific time zones, 202-748-8001 is the number. you can catch up with us on social media. on twitter it is @cspanwj and on facebook it is facebook.com/cspan. a very good tuesday morning to you and you can start call

the chair recognizes mister jeffries. for the state and local taxes on tax returns otherwise known as saul. this cap regains the ability. in the vital programs and services for americans. under the gop tax pain state and local taxes well not be now be taxed by the irs on the income that they use to pay for services at the state and local level. it has been part of the system since it was created in 1913. 105 years ago. they had designed the tax systems that now has been recklessly cast aside. there are two states and two types of states in america. they regularly send more money to the federal government each and every year a than we get back in return. taker states like alabama, mississippi and louisiana regularly receive more from the federal government and grant assisted than they sent to washington in return. for example. new york state sent $48 billion per year more to washington dc then we get back in the y form of housing and transportation. the tax scam will make a bad situation that much worse particularly as a r

discussion on immigration policy with texas republican congressman louie gohmert and congressman hakeem jeffries will join us to talk about immigration. watch c-span's "washington journal" live at 7:00 a.m. eastern on tuesday morning, join the discussion. >> in about 15 minute, ehouse returns live for votes and speeches. earlier this afternoon they debated several natural resources bills. later tonight they continue work on homeland security measures, including one that directs the homeland security department to develop a strategy on train, outreach and information sharing for suspicious activity reporting to prevent terrorism. tomorrow debate on votes on a bill to modernize an strength then process of reviewing acquisitions and mergers in the u.s. for national security risks. follow the house live on c-span when members return at 6:30 eastern. until then, more from today's "washington journal." washington journal continues. host: joining us, taught harrison, the defense budget analysis director for the center for strategic and international studies, to talk about the call by the president for

jeffries? mr. cyst lynn ee votes no. mr. swalwell? mr. lieu? mr. lieu votes no. mr. raskin? miss ghia poll votes no. mr. schneider votes no. miss demings votes no. >> has every member voted who wishes to vote? >> mr. chairman. >> gentle woman is recorded wom no. >> we are going to wait another minute or two for the ranking member. so are you recorded? the gentleman is recorded. mr. chairman, how am i recorded? >> the gentleman from luis is not recorded. >> yes. >> mr. johnson votes yes. >> mr. chairman. >> gentleman from california. >> no. >> mr. swalwell votes no. >> chairman, may i make a parliamentary inquiry? >> state your parliamentary inquiry. >> mr. chairman, i'm trying to inquire of the basis of the emergency and the cause that has generated this resolution to ignore the regular order of the seven-day notice. >> it's not an emergency. it's good cause. the gentleman from maryland. >> how am i recorded? >> not recorded. >> no. >> mr. raskin votes no. >> good guess. mr. chairman, continue with your guess osity, can you state for the record what the good cause is? >> the

. >> joining me now is democratic congressman hakeem jeffries, a member of the house judiciary committeeaddresses prison reform, first step. thank you for being with us. we've had a chance to talk about this issue before, and i think it is one of the most important issues facing the country, and it's a unicorn right now, because an issue that really, most people agree on. there is bipartisan support for prison reform. there was bipartisan support in the house for your first step legislation. it passed the house. why isn't it past the senate? >> well, we're hopeful that it's going to move forward in the senate in a bipartisan way. as you indicated, john, mass incarceration is a uniquely american problem where we send more people to prison than any other nation in the world. when the failed war on drugs began in 1971, there were less than 350,000 people incarcerated in america. today we imprison approximately 2.2 million, a significant number of them nonviolent drug offenders. and so, mass incarceration and overcriminalization in our country, it's not a democratic problem or a republican p

[applause] in fact, as a christian, i know verse jeffry same sessions quotes to defend this policy were also used to justify the horrendous chapter of chattel slavery in our nation. i call on the so-called party of family values to reject the inhumane policy and to support the keeping families together act. i close by reminding us that the same bible that has been quoted reminds us to embrace and support the stranger and to always fight crookedness in high places. [applause] >> i will introduce leader nancy pelosi. >> i want to thank ranking member nadler for his leadership and his coment to american families. so many of our colleagues are parents. i have five children. some are grandparents as well. the idea that they would give official -- to snatching babies from their parents is so unchristian in their view of things. that is why his holiness the pope, the national conference of catholic bishops, the evangelical immigration table, all of these organizations have come out against the president's policy. it is wrong. anybody who advocates to do it is doing the wrong thing. we will not

it is a huge concern this is one of the biggest, most storied banks out of germany let's look at jeffries i know the ceo at deutsch bank is committed it is hard it's a digestion period. they have cut jobs 20% of the u.s. work force that is not an ideal situation i do think deutsch bank will come around and they see >> do you expect the market to continue to rise for the rest of the year, jeff >> i think it's a technical tug of war, sully. t if you want at 2700.ull up the we continue to see this tug of war. i think we're going to have more digestion as we see this trade dispute on overall confidence. we'll see a little bit more. we'll chest the lows that we saw. i do see the economy hitting on all cylinders. we will see 8 to 10% year to date return. >> jeff, thank you very much >> good stuff. >> wrapping up with sports, golden state warriors, if you didn't watch the game you didn't miss much. final score was 122 to 103 you know stef curry for the warriors is good but did you know he is the first player ever na make nine three-pois in a fi game? random but interesting we'll see you tomorrow

fixed incomes earnings fell -- jeffries has been building up its advisory and underwriting businessesce volatility in its results. this is bloomberg. ♪ sydneyit's a: 30 a.m. in . this is how futures are shaping up. u.s. markets having quite a time, particularly the dow, its longest losing streak in more than a year, but not looking white as bad as we head into the aussie open, seeing quite a nice upside of .6%. it 6:30 p.m..ork you are watching "bloomberg daybreak: australia." let's get the first word news with jessica summers. jessica: president trump has signaled skepticism that trade talks with china would work, but insists he is not backing down. global stocks decline after gross two biggest economies by the opening shots of a potential trade war. yet asian futures are pointing higher. promising to retaliate if the president follows through on a new threat of 200 -- $200 million of terrorists. >> it is -- if psychological effects in increasing uncertainty could be very serious, and we are certainly getting later in the cycle of escalation. rejected aan has potential compromise at

want to bring in now congressman hakeem jeffries. new york democrat. what do you think of that tweet, first of all? >> well, there's so much to unpack there. but once again donald trump is lying to the american pele. the so-called zero-tolerance policy which by the way has zero moerality, zero integrity is a subsidiary of the trump white house. it was created by donald trump and stephen miller and jeff sessions. they cooked it up. solely responsible for it, and donald trump can end it today. >> infesting. that's what he wrote in the tweet. >> that was particularly offensive even for donald trump. and it was an example of him trying to deflect the reality that it's his administration and his policy that has infant children being ripped away from the hands of mothers and then being castaway in a manner that the parents have no idea where their children are, in a way that's doing psychological damage that could be long-standing to these individual children in a way that is horrific and has shocked the contents of the american people. >> you know, in that

suntrust, brent fills at jeffries on this friday morning. good morning, guy. >> good morning. >> good morning. >> investors looking for paths here because industrials, obviously, get iting buffeted by tariff worries and now you've got tech, oracle here, red hat there. are you seeing the number of options dwindle? >> look, i'll focus primarily on internet names i can tell you the trade worries are not as much of a problem for internet names regulation is more of a problem and, obviously, the supreme court decision yesterday could also be another concern that investors will have to deal with generally fundamentally this group continues to do extremely well channel checks would indicate whether you're talking about advertising or e-commerce trends, we'll continue the trends we saw throughout q1. we saw an acceleration of growth in q1. so, so far, so good. >> brent, i don't get why people are so concerned about the supreme court ruling's effect on retail the companies that are publicly traded seems to me they would be largely set up to deal with

jason gammel joining us from jeffries. let's talk about what we are going to be doing in the stock market story. joining us now, thomas seal. --is looking at test go tesco and h&m. thomas: everybody yesterday marking a year since it was bp.lly separated from overreach is the network, the cables on the ground sold to other providers. it had found emails and spoken to interviewees with said that bp was meddling in the decision-making. matt: i wanted to paul and we know how much the brits love their supermarket investment. this is a 25 billion pound company. >> test goes number -- tesco' s numbers came out this morning. they also say that they are ready happy, delighted with the initial progress on their acquisitions for booker. based on that, you can expect the stoxx to make some progress this morning. looking at the chart you can see tesco closed yesterday. close to a three-year high. they got a lot to live up to. their business right now, they've got big competition still at a frenetic pace it also, we have the merger comi

. >> democratic congressman hakeem jeffries on president trump's latest comments on the nfl protest. president asked those who kneel or stay in the locker room during the anthem to offer names of those unfair live treated by the justice system so he can consider pardoning or commuting the sentences. jason, i want to get back to the question of whether or not the president fully understands this issue in a moment. what do you make of the president's invitation of sorts there? is there any room on which to build there? >> to be honest, with this particular president i don't believe so. and i think this is related to the fact that he doesn't understand the issue. and in his statement, he said if they have friends of theirs that have been treated unfairly. he's missing the point. the players aren't thinking about their friends. this isn't about a hookup the way he do with rod blagojevich or martha stewart, the way he is with his friends. this is about institutional racism and this needs to be legislative changes and things he can do with his pen rather than just letting a few people free

. >> jeffries has a world view, we know that. >> absolutely.hink one can still be very optimistic about the outlook of some markets depends on growth in the growth economy. particularly focusing on europe. if we have european growth on the up side going forward. that obviously would be a big supporter of markets more generally. at the moment, ware traveling and the ecb is dovish i'd sa st week. the market remains supported in general. you know, we still have very low bond yields and people want to still put their money to work. >> walking around london, the amount of construction is shocking. >> yeah. >> even coming from the states. >> yeah. >> when i look at $1 million plus for a 1 broom small apartment in london, you can't help but wonder, have things gotten too -- is it easy money policy in the past gotten too exuberant? are we a little bit irrational in europe as we were in the states >> well. >> it seems incredible what's happening outside the windows. >> at the end of the day the european central bank are looking at it and trying to head

but a jeffries analyst is cautioning that that deal faces much more significant antitrust concerns thant&t deal because it involves a 3rd and 4th largest mobile carriers here in the united states. >>> another signal that inflation is surging higher. the labor department's wholesale side inflation index rose over 3% in may from a year earlier. strongest gain in over six years. and it's the latest piece of data likely backing up the federal reserve in its move later today expected to raise interest rates by another quarter point. the stock market moving slightly higher before that announcement comes down. let's go to the big board. the dow is up 20. nasdaq up 13. s&p up by 2 in the early going. back to you. >> thank you. >>> drivers are really feeling the pain at the pump. according to aaa, people are paying almost $70 more a month for gas. that's compared to last summer. here are the latest prices in the bay area. stry analysts expect prices to rise through labor day. time is 5-- let's get a check of traffic with jaclyn. industry analysts expect prices to wow. >> oh, my. >> we don't like

brent bill, managing director of the jeffries internet team and our own cnbc commentator mike santolient, why are these particular stocks not just in faang, i would include microsoft as having a nice run, apple has done better than many expected with the iphone slowdown is this the case of the strong getting stronger or is there a particular dynamic at work >> thanks for having me. i think the fundamentals remain exceptionally strong you're talking 20 to 30% growth rates across many of the names in internet that we cover. you also look at some of the traditional sectors that have weakened and tech has picked up the slack. lative valuations on facebook and google are at 12 times, a discount to the internet pee group. there's still room between 10% to 20% outside in many of these names, even considering the run so, overall, i think there's a combination of factors that are at work between tech inflows, which was a record last month, $7 billion of inflows, $26 billion flows in most of that wasn there are multiple factors that are at work right now. then you look at m & a you look at micr

discussion on immigration policy with texas republican congressman louie gohmert and congressman hakeem jeffrieswill join us to talk about immigration. watch c-span's "washington journal" live at 7:00

jeffries. >> i thank the distinguished gentleman from the commonwealth of kentucky for yielding. this budget further reinforces that the republicans are committed to a three-step plan to give to the rich and make every other american pay for it. first they passed the republican tax scam where 83% of the benefits went to the wealthiest 1% in america. since enacting this reverse robinhood law, there is a growing mountain of evidence that the republican tax bill is simply a huge giveaway to millionaires, billionaires and corporations. second, the republican tax cut for the rich exploded the federal debt and deficit. in the cbo's latest budget and economic outlook cbo estimates that the gop tax scam will increase dev fits by $1.9 trillion over a ten-year period, even with so-called potential savings from economic growth. third, republicans now point to the largest deficits to demand huge cuts to crucial programs americans rely on like social security, medicare and medicaid. while corporate stock buybacks are booming, the latest bureau of labor statistics report reports that the avera

jeffries commenting this is a positive liquidity event for shares.reaction in the markets has been negative. it is one of the worst performers, down 3.4%. dan, downgraded to downgraded to pivotal and downgraded to sell at very bird. -- wehrenberg. they say fixing things operational may be more costly than consensus expect. guy: thank you. anald trump is headed for showdown with america's allies at the g7 summit this week. the eu and canada return measures unless he changes course on tariffs. we have a professor of political economics with us. tariffsseen the metal come through and become a reality but i am trying to figure out what comes next. the struggling with signal-to-noise story. there seems to f noise at the moment and i am struggling with what is the signal. >> we are in chunk -- uncharted waters here. we have not seen a president like trump that is so overtly protectionist that uses national security to justify tariffs. we need to watch to see if he justifies it to put tariffs on autos. that is a huge escalation and what i am watching for an

joining me now is congress ken jeffries from new york, my neighbor from the greatest borough in brooklyn. great to have you with me. last weekend you took a trip with some colleagues across the river to new jersey. tried to get into an i.c.e. detention facility. what did you encounter when you did that? >> when we first arrived, even though we had authorization, there were a total of seven members of congress and delegation, led by jerry nadler, we had prior authorization from the individuals as well as their attorneys to meet with five detainees. three of whom were initially put into custody at the u.s./mexico border and then separated from their children. we wanted to get clarification from them as to what exactly had happened along their journey. the privately run facility, this is the elizabeth i.c.e. detention center, scrambled upon our arrival. there was no one from i.c.e., from the u.s. government actually present. >> all contractors. >> all contractors. didn't really know what was going on, even though seven members of congress with authorization. we waited for an hour and a half

ngressman bill pascrell and hakeem jeffries, thank you so much.> our next guest has served in the last three republican administrations and says the political divisions in this nation will only get worse after bob mueller releases his obstruction report. pete wainer joins the discuss next. >> if you cross the border unlawfully then we will prosecute you. it's that simple. if you are smuggling a child then we will prosecute you. and that child may be separated from you as required by law. if you are looking for a house, you should be looking for a mortgage. yocould mortgage in the dark... or know the steps with better. you could mortgage like it is 1970... or do it now with better. you could hope you are getting the best price... or know you are, with better. you could mortgage on their time... or with better, on yours. you could pay their commission... or mortgage with better, and save. go to better.com to mortgage right. start by finding out how much house you can actually afford in just three minutes. my mom washes the dishes... ...before she pu

jeffries expecting zte may be in business next week and has cut its target.onn popstrial, we did see that to the premarket limit. the listing has caught a lot of , the largest money since 2015 in china. from anet's get more investment strategist at credit suisse. talking about the impact of the emerging market rout overnight it comes into this trend of central banks in the emerging market space trying to shore up confidence in their economies. what you think has been the contagion, risk for economies and emerging markets in asia? don't asian markets, i take we see much impact, except india or indonesia. both central banks have come out and asked the u.s. fed to take it easy and keep in mind emerging markets could get impacted from policy. beyond that, i don't see much impact for the asian markets inen that the environment asia is strong. most of the economies in asia are running on a surplus. as long as the growth is coming andugh, emerging markets asia markets can cope with higher bond yields in the u.s.. haidi: one of your conviction calls is china. if you

. >> jeffry sachs, step in. >> thank you for being on, congressman. >> thank you. >> i agree with theappened. second, this is a long slog, third, one should have expected nothing different from this. the president likes spectacles. he likes the daily publicity. this is not the breakthrough he claims, but better than nuclear war, so, i'm glad this happened. i don't think any decisive happened, but it's different than the awful situation of last year, yelling at each other at the brink. there's so much delusion and illusion. the president likes the daily spectacle. that's quite different from long-term policy. >> jeffry, the statement itself was like 329 words or whatever. i mean the lack of specificity. what bothers you the most of the lack of specificity? >> what bothers me in general is the complete improposition of foreign policy day-to-day. it's not only this, we are in a complete frenzy in all aspects of foreign policy, of course breaking with our closest allies, changes of mood hour to hour. nobody can rely on what the president says for one minute because if someone says somethi

jeffries says while the dramatic dissent has traders on edge, there is no panicking. the u.s.inki on july 16, days after what could be a tense and nato meeting. the president has accused nato of irrelevance and called for russia to be reinstated to the g7. trump has met with putin twice before, but this will be their first formal summit. u.s. police say the man who shot and killed five people at an american newspaper may have made threats by a social media. a single gunman fired into the newsroom and shot several employees. gunman is ahe maryland resident in his late 30's. the white house says it strongly condemns the attack on innocent journalists. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. haidi: rounding out a difficult quarter and first half of the year. let's look at the latest with sophie. far measurable summer so for most markets across the region. we have a mixed session. .3%nese stocks closing down , a fourth day of losses for the kospi, b

jeffries? mr. cicilline? mr. cicilline votes no. mr. swalwell? mr. liu? mr. liu votes no. mr.s are a kind? ms. jayapal? ms. jayapal votes no, mr. schneider votes no. ms. demmings votes no. >> has every member voted who wishes to vote? >> mr. chairman? >> the gentlewoman is recorded as no. >> we're going to wait another minute two for the ranking member. are you recorded? the gentleman is recorded. >> mr. chairman, how am i recorded? >> not recorded? >> the gentleman from louisiana is not recorded. >> yes. >> mr. johnson votes yes. mr. swalwell votes no. >> may i make a parliamentary inquiry? >> the gentlewoman will state her parliamentary inquiry. >> i'm trying to inquire of the basis of the emergency and the cause that generated this resolution to ignore the regular order of the seven-day notice. >> it's not an emergency. it's good cause. the gentleman from maryland. >> how am i recorded? >> not recorded. >> no. >> mr. raskin votes no. >> mr. chairman, continuing your generosi generosity, could you state for the record what the good cause is? >> the fact that we worked ve

jeffries had an underwriting business to reduce volatility.ked out of the dow jones industrial average. it has been part of the index for more than a century, ge stock dropping 27% this year so far also the worst performer, a distinction that it held last year, as well. the one time powerhouse is change willd the take place prior to opening next tuesday. haidi: breaking news wherever you are, bloomberg and twitter c on twitter, ticto design for social media. we have video coverage and all of the top coverage by us. this is bloomberg. ♪ rishaad: time now for the battle of the charts, david and haidi. and you can run the function featured at the bottom of your screen. david, you have got the honor. david: yes. so we have been talking about in version, and i think what has been lacking from the conversation -- i mean, we know this is going to invert, but the question is when the recession will take place after that, so i have created a chart that tracks the time between when you see the initial inversion between the two and the 10 with the blue a

jeffries. >> thank you, mr. chairman. we live in a democracy, not an authoritarian state, is that correct? >> that is correct. >> and in your views, is it generally appropriate to begin to ask american citizens how they voted in a presidential election or any election, for that matter? >> in my view, that's not a question we should be asking, certainly from my standpoint. >> thank you. special counsel's investigation into possible russian interference with the 2016 election has resulted in 23 indictments, correct? >> i don't know, actually. >> 20 individuals have been indicted in connection with that investigation. >> i'll accept your representation. >> okay. three corporate entities have been indicted in connection with the special counsel's investigation, correct? >> again, i don't know as i'm sitting here, but i'll certainly accept your representation. >> special counsel's investigation into possible russian collusion identified 75 different criminal acts, correct? >> same answer. >> there have been five guilty pleas,

jeffries of new york for today, june 21. the speaker pro tempore: without objection, the request is granted. under the speaker's announced the of january 3, 2017, gentlewoman from new york, ms. clarke, is recognized for 60 minutes as the designee of the minority leader. mr. clarke: thank you, mr. speaker. mr. speaker -- ms. clarke: thank you, mr. speaker. mr. speaker, i ask unanimous consent that members have five legislative days to revise and extend their remarks and include extraneous material on the subject of this evening's special order. the speaker pro tempore: without objection. ms. clarke: thank you, mr. speaker. this evening the congressional black caucus -- the congressional progressive caucus is going to be sharing some thoughts with the american eople about this extremely horrible zero tolerance policy subjected our has nation to. so i want to thank the speaker once again. and i rise today in opposition to the administration's cruel and inhumane zero tolerance policy at the border that has resulted in the separa

to frank pallone and hakeem jeffries and jerry nadler that were out in the new york-new jersey area. debbie wasserman schultz and others who were in florida. we're pushing legislation, we're out on the streets. we're organizing rallies. we're doing every single thing that we can to change this. to end it. and thank you to the folks in the senate who also made a trip to mcallen and to snork merkley, without whose help and support a few weeks ago in brownsville this issue would not nearly have gotten the same amount of attention. you know, this year marks 50 years since we lost two titans in american history. martin luther king and robert f. kennedy. and robert f. kennedy said 52 years ago in a famous speech that he gave in south africa on their day of affirmation, senator kennedy said back then, robert f. kennedy said back then, moral courage is a rare commodity than bravery in battle or intelligence. yet it is the one essential, vital quality for those who seek to change a world that yields most painfully to change. what we're asking is for this congress to have the moral courage to

jeffries. >> the distinguished gentleman from the commonwealth of kentucky thank you for yielding. this further reinforces republicans are committed to a three-step plan to give to the rich and make every other american pay for it. first we passed the republican tax scam were 83% of the benefits to the wealthiest 1% in america. since enacting this reversed robin hood law there was a growing mountain of evidence that the republican tax bill is simply a huge giveaway to millionaires, billionaires and corporations. second republican tax cuts for the rich. the gop tax scam will increase by $1.9 trillion over a ten year perco even with the so-called potential savings from economic growth. further, republicans now point to the deficit demand huge cuts to crucial programs americans rely on like social security medicare and medicaid. the bureau of labor statistics reports the average number of americans saw a $6.21 increase in the average weekly earnings which would result in $323 of annual wage increases. short of the $4,000 of annual increase is projected by president trump and house spe

jeffries? mr. cicilline? >> no. >> mr. swalwell? mr. lieu? >> no. >> mr. raskin? >> ms. jayapal? >> no. >> mr. schneider? >> no. >> ms. demings? >> no. >> has every member voted who wishes to vote? >> mr. chairman? >> the gentle woman is recorded as no. >> we're going to wait another minute or two for the ranking member. so are you recorded? the gentleman is recorded. >> mr. chairman? how am i recorded? >> the gentleman from louisiana is not recorded. >> yes. >> mr. johnson votes yes. >> mr. chairman? >> the gentleman from california. >> no. >> mr. swalwell votes no. >> chairman, may i make a parliamentary inquiry? >> the gentle woman will state her parliamentary inquiry? >> mr. chairman, i'm trying to inquire of the basis of the emergency and the cause that has generated this resolution to ignore the regular order of the seven-day notice of the notice. >> it's not an emergency. it's good cause. the gentleman from maryland. >> how am i recorded? >> not recorded. >> no. >> mr. raskin votes no. >> good guess. >> mr. chairman, continuing your generosity, could you state for the reco

jeffries referred to as the antics of the cover-up caucus, and before i yield back, i just want to say that we are the people for whom this government has been organized. it is of us, by us, and for us and the people must have are the final word here. pay attention. i yield back. >> the gentle lady leads back. the gentleman from arizona is recognized. dr. posary. >> sorry you had to hear some of the ranting and raving and people talking about both sides of their life. we can bring up abortion. how is that not the ultimate hypocrisy, so i'm going to take a little different tact. i want to talk about the foreign access to the clinton e-mail server. so what difficulties did the fbi have during the intrusion analysis process of the capacity of the servers? >> well, in terms of difficulties, what they were trying to do is understand who it intruded, if at all, and one of the challenges they had was getting the servers themselves and obviously recreating what was on the servers and what e-mails and evidence trafficked through it but also the fact that foreign adversaries might not leave foot

>> so i was elected by my colleagues in the democratic caucus along with hakeem jeffries from new york to develop the democratic house gea d a strategy to communicate our agenda to bring us back into majority thi year. so we have been doing that work, and we have been focused really on addressing the core economic aie t american people are feeli it focuses on raising family incomes, reducing the cost in people's lives from everything from health care to childcare, and making sure people are prepared for jobs in the 21st century. we've been contrasting our ideas on all these issues with the raw deal that the republicans are offering. >> so if the house -- democrats took over the house, what would leaders do about that? repeal? >> on the issue of tax think what the repcadid was a real scam. 86% of those tax cuts went to s a tax increase over the life of that. 13 million americans will lose their health insurance. the rest of americans will see their premiums go up. they made more generous the tax breaks that companies get icanip ob overseas. we would do just the opposite. we would provi

alix: jeffries is a precursor to big banks talking about trading slipping further.goes to what you're talking about in terms of capital markets being healthy. >> yes, the first quarter was very strong for all the players. investment banking was weaker, but investment banking should be good for all of the big investment banks. david: thanks so much for being with us. will be staying with us. coming up, volvo will open a new plant in south carolina. the car group president and ceo will be here to explain why they are building the new sedan in south carolina. live from new york, this is bloomberg. ♪ bloomberg. ♪ what's a gig of data? well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new kind of network designed to save you money. click, call or visit a store today. alix: this is bloomberg daybreak. in the markets, it is calm. points, but you won't