and here's what's ahead this hour an exclusive interview with dallas fed president robert kaplan we'll speak to him about today's softer than expected cpi report. does it change his mind about the need to take sooner rather than later his thoughts plus we'll have instant reaction and it's not just home buying that's hot right now there are bidding wars for rentals. we'll bring you the sky-high numbers. plus coinbase, cathay and china. we're serving up all those in rapid-fire but first the markets this hour. record highs i think dom chu has the numbers. >> they are on fire. rapid-fire, those topics the markets are on fire right now. it's not a massive amount to the upside but as kelly pointed out we still do have gold stars for the dow industrials and the s&p 500. both of those stocks are near their highs of the session with the dow and the s&p again hitting records. underperformance in the nasdaq overall. the nasdaq is right now hovering right around some key support levels as some traders are watching to see if there could be a further possible breakdown in that big and powerful nasda

robert kaplan, i put it to you very simply, robert kaplan opens the door. gap is wide from the analyst community. let's get back to lucy macdonald from jp morgan who has global em income trust to manage on a daily basis. lucy, i put up the equity board because i think it is important to acknowledge that there is something happening in china. the rhetoric continues from president xi. i want to get a sense from you in terms of what happened in the chinese equity market? when i look at the hang seng down 6% last week. $900 billion was wiped out of china tech last week. you came to the end of the week, did you say, what just happened? lucy: the regulation is the driving force in that sector at the moment but i also think what is going on in china with the debt restructuring is extremely important. the switch from all sorts of growth and volume of growth to volatility of growth now seems to be on the agenda. and that means probably an overall slower growth, better quality, but the potential for fewer black swans as we go through the debt restructuring happening.

we have seen kaplan tops today.eview is michael mckee will be going on a plane on tuesday. what are we looking for? michael: it may be more interesting than we thought. alix: you never say that. michael: we figured there would not be anything on tapering but now they may have to incorporate covid. i did do my own jackson hole meme. the fed tapering plan. this is the michigan sentiment, this is philadelphia fed, that is the empire index. you can see the how it is going now part all of take a dive on covid concerns. therefore the fed may have to worry about it. the big news for you is jay powell is going. he will talk virtually from washington to the conference. you can probably stay on nantucket are out of the hamptons. alix can go back to montauk. he will be live on bloomberg at 10:00 eastern time, 8:00 mountain time. guy: mountain time. that sounds very glamorous. i think will be a great deal of fun. michael's not going alone. important people are going. i had forgotten about montauk. what else do we have coming up

kaplan pivoting that quickly shows me that he has realized this. they really did want to taper, were on that path, but the world has changed a lot in the last week. lisa: the fact that robert kaplan, the most hawkish of dov fed chair's, highlighting how little it would take to shift the margins. how likely is it that you have some of these hawkish members changing their tone on the reaction function? >>'s voice is one among many. we haven't even heard about them pulling forward. tapering is very much in the cards. it will begin around year-end. it would take a major event to derail it. longer-term, powell wants to get to tapering. i don't think he wants to wait until it is more potentially disruptive, but i don't think it will impact the market all that much. all the short term liquidity is going back to the fed in reverse repo. the long and is a bid for duration but the fed wants treasuries to climb at year-end. it is not that disruptive on that end as well. i think people take advantage of the open window right now. it would take a major effort t

bond buying by the end of the year joining me as a president of the dallas federal reserve robert kaplanit's always a pleasure to see you thank you very much review with us as we can. i would like to get your assessment of where you are, the economy there's a lot of moving parts and you watching the delta variant, the vaccines impact what you have told us that you would like to see the bond buying by october, do you still feel that way? >> i have said for the last number of weeks that i would like to slow down the bond buying soon and i would have to say not as early as announcing the plan is september and starting in october, i've also said the subject is to how the economy unfolds and that gets us to the delta variant. were watching very carefully how this variant is evolving and what impact it's having on the economy. i would say at the moment the jury is out, i'm glad we have a full month before the next step and i plan to use all of that time to see how the spread is unfolding, what impact it's having on the economy and in particular what impact it's having on demand. so far it's no

maria: welcome back were back with the federal reserve president robert kaplan in the last segment wepply shortages having triggered some inflation in the number of areas you just had a moment ago that some areas of supply interruptions will go on beyond 2021 and you mentioned semi conductors. semi conductors supply shortages have been one of the issues with used cars in the fact that the prices were much higher than expected, that it was inflationary, should i conclude that you think inflation will continue the on 2021 and it's not so transitory after all that some people have been pulling it. >> our own forecast is that the headlight inflation number will moderate but you're going to see broader price pressures and that is because predominantly because of the cost of labor, labor supply issues and i'm hearing broadly from businesses if you are a big business you can use technology and scale to manage around that, if your small midsize business you really don't have those lovers so you have to increase prices or you will lose margin and what i'm hearing from those businesses they're

kaplan responded.nts that our apparent allies in the fight to advance women can turn out to be abusers. ed to, you said -- todd, you said it, this is an unbelievable situation, with kaplan, co-founder of the time's up organization, working with governor cuomo. todd: where was her apology in that statement? did i miss it? >> carley: i think you may have. jillian: can we call you nice? carley: you can call me nice. can i call you nice? jillian: you can. carley: apparently people need to watch out when they call folks nice because white house press secretary jen psaki told vogue magazine she thinks the term is sexist. vogue magazine said jen psaki is good at mending fences, don't call her nice, quote, it's like nails on the chalk board. she says really, you can't think of a better description? the word is sexist and a little disparaging. she says it's also this desire to put people in a box. jillian: i'm not -- carley: gillian, she says -- jillian, she says sometimes she's friendly, joyful or tough, so ca

kaplan was the chair of the board of directors. she co founded the legal defense fund time's up is a charity that raises money to support victims of harassment. it began in response to harassment accusations against harvey weinstein. >> new york state lawmakers, meanwhile, are now moving forward with articles of impeachment against cuomo. a group of lawmakers are now trying to determine if there is grounded to remove him from office. some say they want to see an impeachment vote in a matter of days. but it's likely not going to be the case. that's because the assembly judiciary committee says their probe could take up to at least a month. the group says they still need to review additional evidence that cuomo sould submit in his defense that has to be turned in by friday. jury selection, meanwhile, is underway today in new york city in the trial of singer r kelly. more than 2 years after he was first indicted on racketeering charges. prosecutors claim that kelly ran a criminal enterprise recruiting women and underage girls for for

steve liesman with kaplan there, thank you. s&p for the week on that theme of the american consumer and companies trying to navigate through the delta variant. top gainers include a lot of gaming names, caesars, wynn and devon. we have taken a leg lower, dow's down 88. vix above 19 all the things, all around you... where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. . >>> with the s&p 500 on track for the longest monthly winning streak since 2018, is it time to add a little downside protection our traders share their top adgniocn.c trinatn.bcom more "squawk on the street" coming up. ved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're

now, by roberto kaplan is the lawyer for the group. it's a small time activist organization, but it sells merchandise on its website. it's got slogans to support its mission. and if you look over the information, a new report from lateesha james, who is the new york state attorney general, indicates that that basically roberta kaplan, this lawyer from this organization, helping edit and put together a letter that was in support of new york state governor andrew while mon communicate the new york state governor andrew cuomo and new york attacking diminishing the allegations of the victims and attacking the victims, essentially, saying that that, that he was not, not, and surprisingly the revolution didn't go well with sexual assault victims who penned the letter calling on capital to go, they referred the letter as victim shaming. ah, and now we have caplin essentially stepping down from her leadership of the times of charity. now, this is what she said in her resignation letter. take a listen. i can't offer the degree of transparency a

and kaplan won't be a voter until 2023 so these are things i think the market is well aware of which is why the reaction today in the marketplace isn't so extreme to this kind of early tapering discussion >> so is it in the category of idle talk, then, or are these folks just not even heard? >> the tradition where you want to announce policy changes is to get the early extremes out in the open and have that discussion so that the markets are ready and i think the lesson learned from chair bernanke is don't ever say anything that says autopilot, don't say anything about models. chair powell, when he came into office said we make decisions. human beings make decisions and we're not driven by models and the discussion is showing the extremes within the committee and chair powell will do the wise, sagely thing pulling together as consensus saying we will have a moderated pace of tapering and it will depend on the data it will surely stay away from any sense of automatic or model driven >> they will not have the jobs report until after jackson hole. i'm glad you brought up the autopilot.

. >> that's a good point robert kaplan. 1:00 steve liesman, don't miss that given the fed speak we've gotten that we can. some during the program today. and then the subsequent chatter we may get into the hours and days ahead so don't miss robert kaplan at 1:00 today >>> also a lot of stocks making new highs. weiss, target is among them with goldman, which you own as well >> yeah, look, the market continues to reward i think spending and interest rates. it's natural that goldman continues to move up target just has been a juggernaut for a few years now is to rick reider i believe is right. the only ones i'd be cautious about in terms of the experience, retail, are one that is are really focused on children under 12 because they're not vaccinated and that's where parents seem to be keeping them at home. look, to me you'll see this continue but for a fed where the -- where the outliers in terms of speaking out have been relatively contained under powell versus yellen where everybody was talking a different book every day, this is a concentrated effort and a very, very well planned effor

you had kaplan, bullard, george yesterday saying, let's do this. let's do this now.oting members are people that have decaf chai tea. you know. taylor: i am the token warm body today, tom. tom: well, the token warm body switched. taylor riggs with us today, and we value that. get off her case. stay with us on a friday. your swissie right now -- euro-swissie now, one point 10572. this is bloomberg -- 1.10572. this is bloomberg. ritika: the deadly attack in kabul has shaken the exit strategy. a pair of bombings code at least 13 u.s. service members and 60 afghans, and renewed criticism from allies and lawmakers about the way the u.s. is pulling out. president has vowed to go after the terrorist. he is also pledging to stick to the august 31 withdrawal date. the two are expected to discuss their divergent approaches on iran. the u.s. favors a diplomatic agreement to stop iran's nuclear program. they said they may use secret attacks. there's a chance that audi could bill card that could build cars in the u.s. they spoke about the chances. >> discussions on possible produ

owner corey kaplan has a long history in the industry and an ego to match.ey: they didn't even know how to say bagel in chicago until i got there. lemonis: yet his branding is uninspired. it looks old and not reflective of you. his product mix is all over the place. why have capers? and while he and his wife have overcome great challenges together... corey: we have five children. two of them are in heaven. lemonis: ...he struggles with giving her a say in the company. laurie, this is your project... -corey: no. lemonis: if i can't push him to rise to the occasion... corey: i'm not prepared to say, "some new guy came in, now it's different." lemonis: ...his grand plans will never get off the ground. my name is marcus lemonis, and i risk my own money to save struggling businesses. we're not gonna wake up every morning wondering if we have a job. we're gonna wake up every morning wondering how many jobs we have to do. it's not always pretty. everything's gonna change. everything. but i do it to save jobs, and i do it to make money. this... let's go to work. ...

robert kaplan of texas carrying on the texas tradition.utely unique fed led by and founded by robert mcteer. robert kaplan saying let's get going and let private enterprise heal this nation. bullard of the regime change. there has been a few. i think michael mckee will ask about the regime change. stay with us on radio and television. experts on the fed, presidents on the fed, and then the chairman at 10:00. this is bloomberg. good morning. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body.

esther kaplan. >> john kaplan here with ruben jenningsand rose on behalf of the projectfunds are . share my screen . okay. thank you commissioners. the project before you will reconfigure and redevelop to create 2 new dwelling units and result in a more coherent buildingmapping along this block . the property is a narrow through lot between oak and lily streets, currentlyimproved with a single five unit building that provides a 15 percent rear yard setback and unenclosed parkingat its rear yard along lily . the project would demolish the one-story rear portion of the building , as pointed out before.it would incorporate the demolished dwelling unit into the grounds of the parking area of the adjoining building so it's shifting that building and replacing theground-floor parking facing oak street and it would construct a four-story to unit building hunting lily street . the result, this will result in a 17 foot deep courtyard at the interior of the lot between the two new buildings or between the existing building and the new building. property will be moreconsistent with the existi

according to the state attorney general's report, kaplan offered advice on a letter from cuomo's team intended to take issue with the credibility of at least one of his accusers. >> this process will be concluded very soon, and when i say "very soon" i'm speaking about several weeks. >> reporter: and this afternoon, the state judiciary committee met to discuss potential articles of impeachment for sexual misconduct. also being considered whether the governor lied about the number of covid-related nursing home deaths, his possible use of state resources for a more than $5 million book deal and whether the governor prioritized covid testing for family and friends at the beginning of the pandemic. is it fair to say that the sexual misconduct allegations are taking precedence in this probe? >> it is fair to say. those eleven allegations were moved forward as being credible by the state attorney general. >> reporter: brittany commisso says that should be enough to convince the governor to leave office. >> if the governor's watching right now, what would you say to him? >> i would say, "gov

so what was kaplan's involvement? well, the attorney was mentioned in the report, but the new york attorney general lateesha james as somebody who's been involved in the editing overdraw letter by andrew cuomo, which was effectively attacking the abuses and diminishing attacking. rather the victims of his alleged abuse and diminishing claims. the latter, unsurprisingly, wasn't published. one of the people agreed to sign it. nevertheless, understandably, the victims of sexual harassment, sexual abuse weren't impressed. they wrote an open letter to cap loud around 30 victims criticizing and saying that her involvement in this letter, which was described by critics victim shaming and castigating, really wasn't terrible with her position as one of the founding members of this charity. here's what catherine wrote in her resignation statement. i can't offer the degree of transparency about my firms matters now being demanded. since that would be contrary to my responsibilities as a lawyer is even more run it because capital

how embarrassing are roberta kaplan's ties to quote for this whole women's movement? do you think this could be damaging to the time's up side of it? of course it was canceled damaging as damaging to the democratic party, and the, and the democratic party mil. yeah. which, which encompasses, you know, the, the feminist movement, entertainment, publishing, journalism, etc. you know, the democratic 1000000 is very broad and it's very, you know, it's very influential. and the chattering classes, especially in the northeast where, where do york is as located. so this is acutely embarrassing to have cuomo, who was a cheerleader for me to movement down to fall victim to the movement. kind of suggest that the, that the, the, the monster is eating its own young. right. daniel lazar journalist and author, thanks for being with us. in helping us kind of unfold us as it's happening on auction international. thank you. or another scandal surrounding quote, most harassment case became even bigger after a group fighting sex abuse got involved. you heard us talking about just they'r

and so what was kaplan's involvement report released by the new york attorney general leticia. james mentioned multiple times as somebody who allegedly tried to will help them editing . helped and drafting a letter by andrew cuomo, which was widely criticized for diminishing the claim of his victims and castigating them. that letter eventually published no, pardon, anyone agreed to find the letter. nevertheless, understandably, the victims of sexual abuse won't impress, given kaplan, the position and responsibility around 30 victims wrote an open letter calling on kat planned to resign for her involvement in this letter. which to describe as victim shaving and castigating, and cooling on her well, really saying a position was quite untenable. given these allegations, this is what she had to say in a resignation statement. i can't offer the degree of transparency about my firms matters now being demanded. since that would be contrary to my responsibilities as a lawyer is even more ironic given the capillaries actually be telling you representing elizabeth james carol. she's the

all robots are kaplan is a lawyer and she's one of the co founding members of the times up shower seats, organization that defends and supports the victims of sexual harassment and sexual abuse. it's a charity that raises funds for that legal costs and their main slogan. the slogan behind their mission is that no woman should be left behind. nobleman, she'd be left voiceless. they should be able to tell a story and get the support they need. no matter how powerful they were. the cues is up. you deserve more than just you are showing others that no one has the right to strip your voice. no matter how known and powerful they are. well, you can even buy merchandise, clothes and other items with that mission statement on limits. very well run organization that's no doubt helped many, many women in the darkest hour. so what was cap plans, involvement and all this? well, a report by the new york attorney general lateesha james mentioned on multiple occasions saying she actually helped to review and draw the letter written by under quote, by which allegedly calls out attacks and diminishes the

and we know when you had this kind of scandal you should resign, which is what roberta kaplan did, but i would argue that he should not have been there in the 1st place because the mission of me to was not her priority. protecting governor cuomo was and you know, there in the lives the problem on next story for years he's appends again. it has been routinely bullying hollywood movie makers into betraying the us military and a favorable light according to newly obtained documents. it also often demands script at it with one tv series, even getting its wings clipped by the us top brass constantino's golf reports propaganda on the silver screen. so the d o. d 's been waging war. the creative freedom is scrape writers and directors. perhaps the most blatant case is the 200-1900 c b s trauma serious decode about marine corps lawyers, which was canceled soon after elise got back. we're headed towards the as it turns out, the military saw the 1st after i was before they went on air and was upset about his story line showing a marine turned congress magic. he's the brutally execute and then ir

tune in in the next hour for my interview with the dallas federal reserve robert kaplan.lower, look at the s&p, the cac quarante and the dax index down in double digits, the dax index down half of one%, that is the biggest mover. in asia it was red across the board, we had a crackdown from the chinese communist party. it is a bear market despite china at the end of the day delay a vote on an anti-sanction law on hong kong that was initially what center markets spiraling lower. in the us some runaway texas democrats back to work into 38 day standoff. cheryl: they are finally back sets to begin hearings monday on the gop backed election reform bill after they were able to reach a quorum now that enough democrats have returned, 50 of them fled to dc in a high-profile attempt to stop passage of this bill. many of these democrats remain out of the state. hostess is urging customers to throw out certain hot dog and hamburger buns that could be contaminated with wisteria or salmonella. customers may return the products where they were purchased for a full refund. hostess says th

because that kaplan is actually the tiny, the lawyer representing elizabeth jane carol. she's the right of the sexually suing donald trump for defamation, regarding allegations of rape made against him many years ago. colon date, as i've said, that just not surprised by this. they've said that this was an open secret of sorts for quite a while. and the scale of the cover up here goes much deeper than what we're seeing now that this is really just the tip of the iceberg. us so universally disliked held himself above the law and got away with bad behavior for so long that when it came time for people to take him down, no one really came to his aid. so i think when this actually happened, i wasn't really surprised because everybody in politics kind of knows that the cuomo administration is the administration of a bully. this is a pattern that you often see in politics, that even though people act badly, they're actually rewarded and they're not held to the same standards of regular people. and this is why, you know, ordinary folks are so sick of politics and sick of the 2 p

in a statement released today kaplan states. she has, quote, reluctantly come to the conclusion that an active law practice is no longer compatible with servicing on the board as time's up at times. up. kaplan was the chair of the board of directors of time's up and co-founder of the times up legal defense fund time's up is a charity that raises money to support victims of harassment. it was founded in response to harassment accusations against harvey weinstein and the me too. movements. meanwhile, selection began today in new york city in the trial of r kelly. more than 2 years after he was first indicted, he's facing racketeering charges alleging he ran a criminal enterprise recruiting women and underage girls for over 2 decades. prosecutors also say he may child and made hush money payments to silence his victims. prosecutors say they want to tell jurors about several additional allegations involving at least 15 other victims dating as far back as 1991 kelly has pleaded not guilty to all charges in opening statements are expe

roberta kaplan, the chairwoman of the time's up legal defense fund, abruptly resigned today after shed rather of helping to discredit one of cuomo's accusers, the organization in saying that kaplan's resignation was quote the right and appropriate thing to do foxes, brian yanis with more on the cuomo controversy from new york. melissa derosa, a longtime supporter and top aide to new york governor, andrew cuomo, has stepped down from her post in a statement to rosa says serving as cuomo's aid was quote the greatest honor of her life. but the statement did not address the allegations against cuomo. the move comes nearly one week after new york state attorney general leticia james released bombshell findings following an independent investigation into cuomo. it concluded he sexually harassed 11 women during his tenure as governor. meanwhile, one of cuomo's accusers is going public for the first time, accusing the governor of groping her while she served as an executive assistant on his staff. i then felt while taking the selfie his hand go down my back onto my butt, and he started rubbin

for derosa, so do you think -- should roberta kaplan step away from time's up.especially now that it's involving these 11 allegations against the governor. >> well, i'm not going to speak for robbie kaplan and those events will unfold. the person who we should talk about who should resign is andrew cuomo. this is the distraction that is going on, part of a pattern i believe has been going on from this governor, from the beginning. which is to look for cover from people like us, and distract now by using us as a distraction from the moment, because the resignation we should be focusing on is the resignation of andrew cuomo. >> we have -- don't have enough time to play this sound from the governor's attorney yesterday on cnn. but basically she's denying the fact the governor is trying to blame the victims and is saying that the governor -- that the attorney general's report is shoddy, it is biased, it omits evidence. clearly the governor again, still, pushing back against the report. also pushing back against the victims. just a final word from you about your pers

we had kaplan on yesterday kaplan told us he wants to announce september and go in october.t the market seems to be processing at least the debate about a faster taper, you know, without really skipping a beat. it's not surge, but it's not fallen off on the idea that the fed may move faster than the market originally expected. >> right because there's still a fair amount of liquidity that's going to be put into the system even if there is a modest taper. >> right. >> it's not going to truly change the game. that's obviously what the market is thinking about. just give me your quickie on the jobless claims as well we know, as you've said over and over again, it's the employment and the labor side of the mandate that at this point probably matters more than anything to the fed. >> i think that's right. but real quickly on the other topic here, remember, kaplan is a hawk because he's talking about a taper that takes eight months, not ten months so you're absolutely right, the liquidity will be out there for quite a while to come. on claims, we're making steady progress, putting

that is what kaplan said, isn't it?l of this is an impetus for the market to keep buying bonds. after the cpi data for the 10 year was incredible, it was the lowest take ever from primary dealers. there are people out there who really, really want to buy bonds. manus: primary dealers are always a good indication. let's circle back. the other main theme is delta. are we going through it? how will we come out the other side of it? this is where u.s. drug regulators have set their sights on authorizing the third booster shot. of the pfizer and moderna vaccine's for people with weakened immune systems come that comes as the u.s. struggles to contain a surge of more contagious delta variant. the booster shot, what is the definition of a weakened immune system? who are the qualifying groups. one will booster shots come out? >> what we are hearing is that the fda is close to approving that third booster shot. we are talking about people who are on medication to suppress the immune response. their immune systems need a very str

things, prices were unchanged in july after rising .7% in june last hour, dallas fed president robert kaplan, known for his hawkish stances, says he's still concerned about inflation in the overall economy. >> the cpi number was probably consistent with our outlook. we're expecting these extreme moves, used cars, other items to moderate, but we're still expecting a broadening of inflation pressures headed into next year and our forecast for pc inflation next year is in the neighborhood of 2.5%. >> so, are we near an inflation peak and what does all of this mean for investors and corporate profits as well? joining us now, michael farr from farr miller and lins lin pp piegza. >> we're seeing early signs of that looking at this morning's report, the headline increase was starting, as expected. it will likely remain at mult multi-decade highs through the end of the year. if we look at the underlying momentum, particularly in the core, up .3%, this is the weakest or slowest monthly increase we've seen since the first quarter. it does suggest at least we're seeing early indications of that second

kaplan at the dallas fed.t look at the theory or the parlor game, we try to avoid that on surveillance, and just look at what they are doing, what they are saying come and maybe what they will do offer real data. jonathan: coming up on the open, will be catching up with krishna memani as we count you down to payrolls friday on bloomberg tv, on bloomberg radio, for audience worldwide come alongside tom keene at lisa abramowicz, i'm jonathan ferro. your equity market advancing .2%. your bond market unchanged. from new york, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. landlords have gone to court to challenge president biden's extension of the coronavirus eviction moratorium. the alabama association of realtors says the move goes by a ruling by the u.s. supreme court. the president has warned the extension could be challenged and urged lawmakers to come up with their own. new york governor andrew cuomo is struggling to hang onto power. he stayed inside the executive mansion yesterday,

seth kaplan in texas for us there. thank you. >> thank you for having me today. >> all right. >>> again, we're waiting for president biden to address the nation after the senate's passage of his historic infrastructure bill. what will it take to get the deal finished, get it through the house? we'll talk about that next. this is the sound of change from pnc bank. it's the sound of low cash mode, giving you the options and extra time needed to help you avoid an overdraft fee. low cash mode on virtual wallet from pnc bank. one way we're making a difference. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (upbeat pop music in background throughout) ♪ it's grilled cheese time. ♪ ♪ yeah, it's time for grilled cheese. ♪ ♪ after we make grilled cheese, ♪ ♪ then we're eating grilled cheese. ♪ ♪ because it's time. ♪ ♪ yeah. ♪ ♪ time for grilled cheese. ♪ one, t

ask rob kaplan that later today. wants to start slowing asset purchases. we heard preferably in the minutes, but when jay powell in his press conference was asked about it, he did not seem anywhere nearly as convinced nor did he really convey that view to his committee. which is it? his jay powell really wanting to head to the exit or he doesn't? this is his opportunity, if he wants to, to confirm where his committee wants to go to follow them up. lisa: how closely do you think jay powell and the other members are watching the variant, whether it is toward closures or delays to the return to office for a number of companies? vincent: delta is the ace card jay powell can pull out if he wants to slow the committee. you, lisa, and kailey, had it exactly right. what have we learned the last 18 months? bad things can happen to good people, and they are very bad. in that environment, you want to buy insurance. it includes treasury securities, rates are low, that includes staying away from market activity. that is serious, and from a monetary policy standpoint, i

bostic and kaplan have a variety of opinions. this is what i am drawn to. he differentiates the actions on fed funds from what actions are going to be on asset purchases. we must differentiate and disaggregate. good morning. dani: good morning, mr. cranny. you are spot on on pulling this out. this is something jeffrey rosenberg over at blackrock wentz out as well. the market is believing it, too. it has not moved as much as the backend which suggests we will get not necessarily raising rates anytime sooner but perhaps we get asset purchases. manus: what are the eurodollar futures telling you? this is where the differentiation comes in. you have dollars pricing and 25 basis points. is that too dovish? we can debate that in the next 30 minutes because lack rock institute were with me 30 minutes ago and they took the other side of that trade. they said we are not that hawkish. it's the end of 2023 for them before you begin to see a hike. we can debate what is on the board. dani: on the board, we have more calm this in markets -- clamness in markets. some of th

, take a listen to kaplan. >> i'd rather take the foot off the accelerator soon and reduce the rpms and as we're on more level terrain. i think it will give us more flexibility down the road to have patience on the fed funds rate but what i don't want to do is keep running at this speed for too long and then we're going to have to take more aggressive action down the road >> i think kaplan has been dead right on all this thing, other than the fact that rpm has been a very bad stock and a lot of that is because of the higher price of plastics. look, when i look at the situation, i hear all these guys say it what that gives is the cover when jay says, listen, i've listened to everyone and you know what, i'm going to have to taper a little if it comes as a surprise to you, then i don't know where you've been. where have you been, david, if you haven't heard this >> living in a bunker somewhere. >> right yeah, a bunker yeah >> with what, what kind of machine guns do you have >> i don't know. i'm not that familiar with that. >> i hope you have a lot of canned goods. >> what? >> a lot of cann

and as professor kaplan use the words greedy and selfish. the argument said that is not going to help them get the shot at the end of the day. that was the argument. but the question is that right? or, did that enable and empower the unvaccinated? to really dictate a lot of the policy? >> i think that was right at the beginning. you at a much, larger share of folks. they wanted to get the vaccine or wanted more information about the vaccine. but they were not able to access it. that pool of people they certainly still exist. but now they are a pretty tiny proportion of the unvaccinated. i do not think that what we have to do is just offer carrots. but now have some stick. for example, in france. in order to eat at a restaurant i have to show my vaccination card. in order to go inside? do any fun activity? i have to prove that i'm vaccinated. so i do not put the public's health at reese. to me, that is sensible. i think it is important that we maximize people fundamental rights. for autonomy. i do not think anybody should forced to have a sub