, important meeting last friday at the jackson hole symposium werejerome powell symposium were jerome powelltle bit more cautious than we expected. that so the us dollar falling quite aggressively. there is still a feeling that we could see this tapering happening before the end of the year, but a lot will rely on this week's what we call the non—farm payroll number, which comes with the us jobs report, released on friday, and if we get a particularly strong number there, that shows that unemployment is moving in the right direction, and we are in a good position from an employment point of view, then it could be the final part that says, 0k, it could be the final part that says, ok, the us economy is ready to start slowly removing that stimulus and starting to stand on its own two feet. thanks, james, always nice to see you, james hughes with his take on the financial markets. as sweet as honey — hilltop is one of the uk's fastest growing small firms and its honey is sold in shops and restaurants across the uk. company founder scott davies says his biggest initial problem was one of cash fl

senator elizabeth warren says she will not support jerome powell for a second term as fed chair. a high-profile democrat. powell is -- powell's term expires in february and it is not clear warren's disapproval would derail, and is likely to be -- again. >> your record gives me grave concern. over and over, you have acted to make our banking system less safe, that makes you a dangerous man to head up the fed and i will oppose your renomination. >> officials are said to have questioned wall street lenders about their exposure to evergrande. banking supervisors routinely ask about ties to struggling companies. jerome powell said last week he saw a note u.s. direct exposure. hong kong has asked -- chide to the property developer look -- tied to the chinese developer. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. >> up next, the race to succeed japan's prime minister enters its final lap as the ruling party heads for an election. we assess the contenders. this is bloomberg. >> japan's ruli

we'll hear from jerome powell at 2:30 eastern. jonathan: less has kickoff this morning with rob schneider. what are you looking for from chairman powell? >> the timeframe for them to do this press conference might require slightly more than an hour but there are two main focus points. one, you had the propensity for this to be a slightly more hawkish event than people are expecting. when you have this transitory inflation pressures, which continue to linger, it is probably going to be a requirement that people we calibrate their expectations. ultimately, need one vote to move for the 2022 fomc dot plots to move higher. ultimately, some of these devilish voters, being jerome powell -- dovish voters, being jerome powell one of them. perhaps it is a repeat of the more hawkish sentiment that we have seen in june. the second thing is is advanced notice of discussion. advanced notice is similar to what i would categorize as the new --. when you hear the turn, it is a very familiar tune. if it comes across as familiar, that is exactly wha

it suggests there is not a lot of support for jerome powell. her language is very striking. essentially saying -- a future financial crisis. will he stick by powell, look for somebody else? that is so important for the future direction of the u.s. monetary policy. and then for global central banks everywhere. fed politics are going to be well beyond d.c. to most around the world. francine: she is basically accusing jay powell of supporting banks that take on too much risk. amongst the other names -- the policies would not be that much different. >> this is the issue, francine. what exactly would it mean for policy? by extension of senator warren's criticism, you would assume there is no advocating for a hold to be put in there. pretty slow about the tapering process or raising interest rates. to the point you're making, some of the concerns of senator warren has. it is something of an open book when it comes to the politics of this. president biden, given his broader economic agenda, president biden will probably tread carefully on this. tom: what are the concerns about the d

senator elizabeth warren says she won't support jerome powell for second term as fed chair. she's the highest profile democrat with the say the come out against him. powell's term expires in february. he does have bipartisan senate support and is likely to be confirmed again if president biden picks him. >> your record gives me great concern. over and over you have acted to make our banking system less safe, and then makes you a dangerous man to head up the fed, and it's why will oppose your renomination. >> backers of the leadership candidate have agreed to cooperate -- the ruling party votes wednesday for his replacement. the race is likely to be decided in a second round runoff. >> in the end, there will be in the runoff a realignment. or it could be some other arrangement. >> chinese president xi jinping is targeting a number of tech professionals. state media say china must embrace its reliance on high tech industries. he continues a regulatory onslaught on the digital sector. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 jo

fed chair jerome powell said last week he saw no direct u.s. exposure.kong has also asked the banks there to report risk side to the chinese poverty developer. china's president is targeting a significant boost to the number of tech professionals and research and president -- research spending. xi jinping said china must embrace self-reliance in high-tech industries. and it comes as he pushes the doctrine of common prosperity and continues a regulatory onslaught on the digital sector. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2,700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. shery: we are seeing fallout from the high court of australia's decision saying social media and other owners of facebook and social media pages aren't responsible for the comments made on their posts. we're hearing now that cnn has restricted access to facebook pages in australia. cnn reported by dow jones saying it's restricting access to its facebook pages in the country following that ruling fro

i don't detect a change overnight from what jerome powell said. but if the fed is strengthening his firm grip on policy, there will be less dissenting voices. things will be conveyed with more unami entity -- unanimous nature. >> we have su keenan in new york. >> we will start with china's central bank which is promising to ensure a healthy property sector after ever grand's debt crisis sent shock waves. the cigar was helping the developing of real estate markets and to protect homebuyers right. the central bank also said it will step up ordination of monetary, fiscal and industrial policies to prevent risk. moving to the u.s., chuck schumer says the senate will take further action this week to keep the u.s. government open. they blocked legislation to suspend the debt ceiling and temporally stands government funding. one likely scenario is lawmakers strip at the debt ceiling language and find another way to address the debt. bloomberg has learned that the u.s. treasury secretary, janet yellen is declining to return calls. they were accused of imp

leading to jerome powell's announcement.t reversing the gains. that's normally the pattern. not all the time, but normally. what grow make of what can happen today? [laughter] >> well, it is football season right now, neil, and so the markets what i believe they're going to punt the ball and perhaps they will say that they are thinking about thinking about tapering. but you have to remember that jerome powell not only is a dove, but he's also a dove who is basically auditioning to keep his job with his new employer. so the likelihood that he's all of a sudden going to be very proactive and get out ahead of things, i think, is very unlikely, and there's certainly enough headlines for him to hide behind between the jobs report for last year, the debt ceiling, the information coming out of china and so on and so forth. so i think that, again, you may hear thinking about thinking about tapering, you know, not shrinking the balance sheet, not raising rate, but just cutting back some of the asset purchases, and i think that's prob

the federal reserve chairman jerome powell is backed up by the new york federal reserve president he sees inflation elevated at least a year or so. now republicans in the senate banking committee latched on to that, listen. >> doesn't the inflation we're seeing now seem broader, more structural in nature than the brief blip we saw in used car prices earlier this year? >> yes. i think fair to say that it is. mainly what we've seen that the supply side restrictions that are so much at the heart of the inflation we're seeing have not only not gotten better, they have actually in some cases gotten worse. reporter: recent fox news poll showing 82% of voters that they looked at say inflation is the biggest, number one concern. they're very concerned or extremely concerned about that and that is more than afghanistan, it is more than unemployment. so the markets are on this too. the yield on the 10-year treasury is ticking up on fears of inflation that might last longer than expected. also the fact that the u.s. is getting closer to the october 18th date. that is the date now that treasury

holds an oversight hearing on wednesday, 10:00 a.m., with janet yellen and federal reserve chair jerome powell on the federal economic stimulus measures taken in response to the pandemic. we'll have live coverage on c-span.org. then thursday at 10:00 a.m. eastern on c-span3 -- health and human services secretary javier becerra and education secretary cardona will discuss school reopenings during the coronavirus pandemic. watch this week on the c-span networks or listen on the free c-span radio app. also, head on over to c-span.org for scheduling information or to stream video live or on demand anytime. c-span, your unfiltered view of government. washington journal . host: dr. brian miller is the assistant professor of medicine at johns hopkins university school of medicine. he is joining us to focus on the looming doctor shortage in the u.s. and the burnout caused by -- caused to doctors quite nurses, and other workers by the pandemic. the pandemic was declared in march of last year. the pandemic obviously continues in surges with the delta variant. the fine for us with the term burnout means

ocasio-cortez, rashida tlaib, ayanna pressley who work on provide to replace the current chair jerome powellcting to take on the climate crisis and weakening financial regulations. would like to get your perspective on this. not just on the issue of powell's track record on climate change, but also the fact he has continued to pursue this cheap money policy that allows corporations and wall street to get money at low interest rates and they are invested in the stock market and continue to drive the stock market a brother that the production or capitalist expenditures. your sense of whether jerome powell deserves to stay? >> this is one of the really difficult decisions because no one wants to disturb the economy as we are in the process of getting a healing in the economy. it was a kind of decision that i was involved in more than 20 years ago when alan greenspan came up for reappointment under president clinton. now, powell has done you might say a reasonable job in responding to the pandemic. has not gone the way you might say hard money person worried about inflation, but that is a low ba

jerome powell was shocked to find gambling at the federal reserve. to his credit he took action. and kaplan are out. many wonder why powell and his muni bond portfolio why he isn't out. what does it do for the fed to take quick action? >> fed understood the credibility problem they have. they are the steward of the financial markets. anybody that looks like they're taking advantage of the stewardship for personal grain will really hurt the whole organization. on top of that, remember there is a lot going on at the fed when it comes to personnel. not only 2:00 fed president positions open, jay powell is trying to get reappointed. looks like the richard clarida vice chairman of the fed will be out in january. we'll have a new one there and an open fed seat. we could have in 4:00 months, five or six new faces in the federal reserve open market committee that could completely change the whole dynamic of that committee. charles: on that note, a couple weeks ago, there was a lot of scuttlebutt out of d.c. coming in on a monday, i remember, powell will be renominated today. that didn't h

eastern federal reserve chair jerome powell holds a press conference. watch this week on the c-span networks or listen on the c-span radio app. also a head over to c-span dogger for scheduling information or to stream video, live or on demand anytime. c-span, your unfiltered view of government. ♪♪ >> weekends on c-span2 are an

manus: jerome powell and janet yellen are both using very strong language. catastrophe if the u.s. fails to raise the debt ceiling. yellen says the treasury will run out of cash. if congress does not act. the language is provocative, isn't it, from yellen? catastrophe and implosion. where are we? why is she using such strong language? >> it could not get any more blunt. you hear the u.s. treasury secretary warning the u.s. government could run out of money three weeks from now and with all the spillover consequences of that, being the risk of the financial rises, she said there would ultimately be a recession. she has warned of catastrophe. it highlights the dire straits the treasury is in. given the logjam going on between democrats and republicans at the moment. even without warning, later in the day, republicans dug into their position. they do not see a near-term breakthrough in terms of either spending or lifting the debt ceiling. this does become another source of volatility. this global energy surge, we have the ongoing supply chain problems. the u.s. debt ceiling is going t

. >> next, federal reserve chair jerome powell talks about a potential interest rate hike if the economy continues to recover. he takes questions from reporters about raising the debt ceiling and efforts to create a u.s.-backed digital currency. this is about an hour. >> good afternoon. at the federal reserve we are committed to -- today the federal open market committee kept interest rates near zero and maintained our current pace of asset purchases. rrent pace of asset purchases

. >> next, federal reserve chairman jerome powell talks about a potential interest rate hike if the economytinues to recover. he takes questions from reporters about raising the debt ceiling, and efforts to create a u.s.-backed digital currency. this is about one hour. >> good afternoon. at the federal reserve, we are strongly committed

at 3:00 p.m., we will hear from jerome powell as well as richard clarida. at 3:00 p.m., more data.he u.s. recovery with new-home sales figures. yields jumped as central banks tighten their outlook. up next, we discussed the latest market moves with edward park from brooks and donnell asset management. stay with us. this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe." i'm tom mackenzie donlon -- in london. happy friday. joining us now is edward park, cio at brooks mcdonald asset management. good morning. thank you for joining us this friday. more hawkish tone from central banks. the pboc injecting liquidity, but the norwegian bank and the bank of england as well, the rate cycle needs to be firmly in focus. the yield moves we saw overnight, that spike in the u.s. 10 year, do ucs getting back to a level around 1.7%, where we were in march? >> i think we are still a ways away from that. we saw a flattening of the yield curve. the federal reserve might do more now sooner than initially expected, but that will dampen inflation down the line. especially one of the thing

we hold an oversight hearing tuesday at 10:00 with treasury secretary jerome powell on the stimulus measures taken in response to the pandemic. we will have live coverage on c-span. then on c-span3, health and human services secretary and education secretary will be before the senate committee to discuss reopening for the coronavirus pandemic. watch next week on the c-span networks are listed on the c-span radio app. also, head on over to c-span.org for scheduling information or to stream video. c-span, your unfiltered view of government. >> c-span is your unfiltered view of government. we are funded by these television companies and more, including comcast. >> comcast is partnering with the committee centers to create wi-fi enabled -- so students can get the tools they need to be ready for everything. comcast supports c-span along with these other television providers giving you a front row seat to democracy. >> next week, the house returns monday. starting it 2:00 p.m. eastern, they will debate on the infrastructure bill. they also spent to bring the larger spending passage to the board. t

coming up, speaking to guggenheim partners cio, scott minerd, about what he expects from jerome powelland his take on what is going on in these markets amidst the evergrande concerns. and what happens when we step off the fiscal cliff. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. the fomc kicked up its two-day meeting today, and joining us for a preview is scott minerd, guggenheim partners chief investment officer. there is so much going on in the markets, especially in credit. everyone freaks out about evergrande. i cannot tell if it is sensationalist because it is an exciting story or it is tied to the bigger, and prosperity issues we've been seeing in china, or if it is really a big problem for global credit markets, if we just cannot see how much it matters right now, how deep it is, counterparty risk. what is your thinking on evergrande? scott: i saw a story on bloomberg the other day that i thought sums it up well. is this a great financial crisis or long-term capital? i think it is long-term capital. there is a problem in asia. china is a much bigger pa

there's only one book that matters, and that is the book of jerome powell.onathan: we will catch up with norway a little bit later. lisa: the idea that they raised interest rates is a bit of a shocking development. they are off zero officially. there doesn't seem to be a major market disruption either from the suggestion of taper or the first rate hike among major markets lisa:. -- major markets. are they doing it right? they want to hold their hand, but they are not causing a huge market disruption. they seem to be on track to start tapering. jonathan: the bank of england guiding you toward something possibly as well, maybe possibly. "some developments strengthen the case for modest tightening." tom: governor bailey said yeah, well, i'll tell you something i think you understand, when i say that bank of england something, i want to hold your hand. jonathan: that is beautiful, tom. and again, the music to go out to break with any moment. tom: no, i've got to pay a royalty. jonathan: you will do. don't mess around with that. there's a lift in this bond market

fed chairman jerome powell opening of a review of investment rules for fed policymakers as accountabilityes under fire in the week of trading activity revelations for eric rosengren and robert kaplan. with us is international economics and policy correspondent michael mckee. both have taken what you may have called corrective action, pledging to sell everything by september 30, but are you surprised by this move? mike: not at all. the ethics rules that they had allowed these loopholes. presidents and vice presidents are in theory subject to the same rules as the board. they allow to something that was not illegal but didn't look very good. one would expect them to tighten that up. kailey: technically, they follow the rules, but they -- we are in an unprecedented time of monetary policy, so should the rules change to go along with that? mike: they will change the rules and make it tighter, maybe ban trading, and i suppose could go as far as blind trusts. they will take this out of the equation. in either case, it appeared really that kaplan or rosengren were benefiting themselves. they wer

. ♪ >> jerome powell says they could unwind their asset program by mid-2022.e are joined by kathleen hays and macro strategist at mellon. kathleen: he has held several roles in washington, where you helped craft policy statements. when jay powell says tapering could start as soon as the next meeting, is not the same as saying, we are tapering in early november? >> no. they first and outs and action. i took the idea that tapering would soon be warranted meaning that they would devote the november meeting to lay out details. powell has repeatedly said we will get a lot of specifics before we start. we haven't gotten those yet. i think they will donate that november meeting and then maybe start in december. slowing asset purchases? it will be done by the middle of next year. kathleen: half of the group is saying we see the first great height by the second half -- the first rate hike by the second half of next year and some of them thinks there will be two. >> i don't think it is a group. i think it is a set of a pretty assertive purchases. i think what he did was

fed chair, jerome powell, will hold a press conference on monday and investors are looking at the easingonetary policy. and quarterly reports from fedex and nike coming out. the national highway traffic safety investigations investigation for takata air bags, and reuters reports that safety regulators are expected to make a public announcement today. meanwhile solar installers and nurse practitioners are among the fastest growing jobs. this as more countries prioritize reducing carbon admissions and other occupations expected to surge in demand is data scientists as more employees continue to work from home and online. back to you. >> so interesting. thanks so much. good to see you. >>> it's 4:44 right now. coming up next on "today in the bay," we are tracking a red flag warning for some parts of the bay area. kari hall is following the latest. >> yeah, in antioch, it will be windy today, and we will see the trend going upward by late morning. we'll get a look at all our microclimates and the temperatures you can expect coming up. >>> as you drive through oakland, yeah, traffic, but no p

the squad, aoc, rashida tlaib and others want president biden to fire federal reserve chair jerome powellve forward with the whole of government approach that illuminates the climate risk while making this happen we are committed to these objectives. aoc tweets about our chance to reimagine eliminating climate, advancing racial and economic justice, jerome powell in 2012 was appointed by president barack obama. i'm not sure these women understand what the federal reserve does. that is not in their purview when it comes to government operation in washington dc. they are responsible for monetary policy, employment around the country and criticizing him for how the financial crisis was held before regulations put on the banks in 2008-9-10 but that is a problem now. or regulation is a problem, they need to rethink their stance. todd: cheryl for fed chair, my nomination. time now 21 after the hour. an emotional tribute to the 13 fallen servicemembers in afghanistan. jillian: we will hear about the solidarity with those fallen heroes next. oh, oh, oh, ozempic®! my zone... lowering my a1c, cv ri

the markets rallying late in the session after midday dip thanks to eyeball raising remarks from jerome powell, the major indexes are jumping, but the nasdaq did turn negative when the possibility of lifting interest rates as inflation continues to rise, overall investors ignoring that comment, right now the dow up to 75, s&p up 31 and nasdaq up 33. powell is not the only one in the nation's capital causing drama, the senate and decided if it's going to vote today on a plan to stop a potential government shutdown in its tracks late tomorrow night will get a live report on the latest news on the hill and at the white house. plus lucid motors rolling out the lucid air to an arizona facility. the ceo peter rawlinson is here to tell us what he plans to do to bump elon musk, tesla out of the electric vehicle winners circle. the housing market finding a new spark after a summer siesta, the ceo with the outlook of where home sells are headed to the fall. breaking news right now, is it on or is it off the senate was expected to hold a vote today on a clean continuing resolution to fund the government

eastern, federal reserve chair jerome powell holds a news conference. head over to c-span.org for scheduling information or to stream video live or on demand anytime. c-span, your unfiltered view of government. " continues. host: joining us this morning is christopher sands, the canada institute director for the wilson center, here to talk about the elections in canada today. first of all, explain, what is the snap election, and why is it happening? guest: thanks very much, and good morning. a snap election occurs when the prime minister decides to have an election and

senate banking committee hold an overall sight hearing with treasury secretary janette yellen and jerome powell on the freshman economic measures taken in response to the pandemic. live coverage on c span.org. then thursday on c-span three. education secretary are before a senate committee to discuss school reopenings during the coronavirus pandemic. watch in week or listen on the c span radio app. also, held to c span.org for scheduling information on to stream video live or on demand any time. c span, your unfiltered view of government. >> next, israeli prime minister naftaliy ben northwest and palestinian prime minister spoke and also boris johnson on the need to address climate change. >> we will here his excellencely neftali bennett. may i request -- to escort his excellencecy i have grand great failure in many wilkes-barring the minister for community affairs. for the state of israel, i invite him to address the assembly. >> thank you, mr. president. distinguished delegates. israel is a lighthouse in a stormy sea. a beacon of democracy that burst by design, innovative by nature and egoer

and then later on wednesday at 2:30 portfolio eastern, federal reserve chair jerome powell holds a press conference. watch on the c-span networks or listen on the c-span radio app. also head over to c-span.org for scheduling information or to stream video live or on demand anytime. c-span, your unfiltered view of government. ♪ >> weekends on c-span2 are are an intellectual feast. every saturday you'll find events and people that explore our nation's past on american history tv. on sundays, booktv brings you the latest in nonfiction books and authors. it's television for serious readers. learn, discover, explore weekends on c-span2. ♪♪

. >> in august jerome powell said of course it is tapered, but they are likely to prove temporary. there is increasing evidence that the predictions on how long this would continue were overly optimistic. you know, why do you suppose they were wrong? >> to i'm a big believer in behavioral siebs. you have to believe the co confirmation biases are for people. now we have lots of demand, and there has been massic transfers of income to households. it is not a deficient demand problem, it's a deficient supply supply. it took a long time to realize that we're living a different paradigm. we say butt will be temporary, and there is a real danger in this. i think that people have to be more humble in light of the actual evidence. >> in response to the global financial crisis the fed implentied a serious of policies. it is more than a determine ache, have the low interest rates and the rising asset valu been one of the drivers of income inequality. >> it is a big drif of relate inequality. i just want to stress that the fed didn't set out to increase wealth inequality. the fed started out

with federal reserve chair jerome powell on the federal economic stimulus measures taken in response the pandemic. we will have live coverage on c-span.org. thursday at 10:00 a.m. eastern on c-span3, health and human services secretary and education secretary are before a senate committee to discuss school reopenings during the coronavirus pandemic. watch this week on the c-span networks or listen on the c-span radio app, also head on over to c-span.org to for scheduling information or to stream video live or on-demand anytime. c-span, your unfiltered view of government. >> next, in an update on job training programs come the senate subcommittee on employment and workplace safety talked about the importance of apprenticeships, alternative pathways to college and job retraining programs for midcareer individuals.

jerome powell's term is near its end so will he be remom nated.sident biden is being pushed to make the fed more woke. what would be the consequences of that? first, why a race behind every scene to alter america from its roots of rugged individualism to big government. we'll talk about it with someone who knows government and maybe big business even more. senator bill hagerty is next. we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. charles: although the situation in afghanistan continues to dominate headlines out of washington, d.c., there is a race behind the scenes that would effectively alter america from its roots of rugged individualism to big government and cradle to grave financial

with treasury secretary janet yellen and federal reserve chair jerome powell on the federal economic stimulus measures taken in response to the pandemic. we'll have live coverage on c-span .org. then thursday at 10a.m. eastern on c-span3, health and human services secretary ba zeiera ann secretary cardona are before a senate committee to you discuss school reopenings during the coronavirus pandemic. listen on the c-span radio app. head over to c c-span .org to schedule information or stream video live or on demand any time. c-span, your unfiltered view of government. >>us

. >>> federal reserve chair jerome powell said inflation may last longer than expected. the fed chair will speak to the banking committee later today. powell will tell lawmakers economic growth has continued but it's being hurt by supply chain issues. >>> ford is creating 11,000 new jobs over the next four years as it expands it's electric vehicle production. the automaker and battery supplier will invest $11 billion to build three battery plants and an electric truck plant. they expect it to help them build more than a million electric vehicles a year. >>> tiktok has hit one billion users. the popularity has surged since the pandemic started with people creating viral dances and other videos made for social media. youtube, facebook and instagram all have a billion users while snap chat and twitter lag. that's your cbs money watch report. for more head to cbs money watch.com at the new york stock exchange. i'm diane king hall. >>> simone biles will take the stage at chase center as part of the gold over america tour. just a few hours before she lands she is opening up ab

eastern jerome powell holds a press conference. watch next week or listen on the radio app.ead over to c-span.org for scheduling information or to stream video live or on-demand. >> c-spanshop.org is c-span's online store. get cozy for cooler weather with the c-span for small sale. browse to see what is new and save 30% on our logo apparel shirts and hoodies, fleece blankets, mugs, and glasses. there is something for every c-span fan. shop the sale through september 21st. it will support our nonprofit operations. go to c-spanshop.org. >> "washington journal" continues. host: we will open up our phone lines for our forum segment. democrats, 202-748-8000. republicans, 202-748-8001. independents -- independents, 202-748-8002. tell us your most important political issue. as we start we want to talk about some news going on. we will start with the drone strike in afghanistan. we will start with the story that is out this morning. "aus drone strike killed 10 civilians in afghanistan including seven children, rather than the islamic state extremists that the biden administration cl

concerns whether jerome powell himself is up to the job. reporter: exactly. neil, i'll tell you that all that spending that chad was talking about there, it is coming crashing into the inflation that we're seeing under the biden administration so far. to your conversation with chad, here is representative steve scalise on "fox & friends" this morning. listen. >> they don't have the votes right now and you know, we don't support something that will jack up inflation and run millions of jobs out of the country. that is what the tax hike side of it will do and they packaged it all together with infrastructure. reporter: new "gallup poll" shows americans optimism about the economy is at the lowest level since january. federal reserve chairman jay powell said inflation is not settling down. he said some supply chain issues are getting worse. >> this is really a mismatch and supply. we need the supply blockages to abate before inflation can come down. reporter: inflation causing a backtrack from treasury secretary janet yellen. >> i asked you to tell me what you th

investors will be anxiously waiting to hear from fed chair jerome powell this afternoon after the fedtwo-day meeting. yesterday stocks ended mixed after a volatile session. te dow fell 50 points, the nasdaq gained 32 points, and the s&p 500 lost 3 points. >>> the justice department found a lawsuit to stop a partnership between american airlines and jetblue. last year the airliners announced they would start to coordinate flights in the northeast and have begun to do so. government antitrust lawyers said the move will reduce competition and lead to higher fares. american and jetblue says there is no evidence of that, and they're vowing to fight the lawsuit. >>> mcdonald's is looking to phase out those plastic toys in kids' happy meals worldwide by 2025. the fast food chain says it's working with toy companies to develop new ideas like board games with plant based or recycled pieces. mcdonald's is also exploring used recycled plastic toys to make new restaurant trays. the company says its new goal will reduce its virgin plastic use by 90% compared to 2018 levels. >>> and now kids can ow

eastern, federal reserve chairman jerome powell holds a press conference. watch this week on the c-span networks are listed on the c-span radio app. also, head over to see spend c-span for scheduling. c-span, your unfiltered view of government. host: it is the washington journal for september 19, and recent remarks about the economy. president biden wants again made the case for tax increases and the corporations, as well as individuals who make over $400,000 a year. the biden administration plans to use the revenue to pay for infrastructure and social programs. you are welcome to share your opinion on this proposal. here is how you can let us know what you think. if you support it, you can call us and tell us why at (202) 748-8000. if you oppose it, (202) 748-8001 the number to call. happy you are not sure. you can call us at (202) 748-8002. text us at (202) 748-8003. you can also post at facebook. part of this proposal from the white house includes various categories, as far as who would be affected. according to politico, that would raise the corporate t

eastern federal reserve chair jerome powell holds a press conference. this week on the c-span networks or listen on the c-span radio app. also head over to c-span.org for schedule information or to stream video live or on-demand anytime. c-span, your unfiltered view of government. >> c-span is your unfiltered view of government here we are funded by these television companies and more including mediacom. >> the world of change in an instant but mediacom was ready. internet traffic soared and we never slowed down. schools and businesses with virtual and we powered and new reality because that meeting, we are built to keep you ahead. >> mediacom support c-span as a public service along with these other television providers giving you a front-row seat to democracy. >> the pakistani ambassador to the united states talks about taliban control of afghanistan

federal reserve chairman jerome powell and treasury secretary janet yellen on the federal economic response to the pandemic. we will have live coverage on c-span.org. on thursday, health and human services secretary at hobby or becerra and education secretary miguel cardone are before senate committee to discuss school re-openings during the pandemic. watch this week on the c-span networks or listen on the c-span radio app, also head on over to c-span.org for scheduling information or to stream video live or on-demand anytime. c-span, your unfiltered view of government. >> the house begin debate on one point $2 trillion infrastructure bill to fund -- 1.2 billion -- $1.2 trillion infrastructure bill. bill was abused -- approved by the senate last month on a bipartisan vote. it also includes investments

. >>> now to wall street where investors will be keeping a keen eye on fed chairman jerome powell andr bonds and interest rates here with details is cnbc's steve sedgwick good morning, steve. >> good morning. how i can actually follow jolene, one of the greatest songs, i'll try now. we had a federal reserve meeting. the market hopes to hear probably little on the future par for interest rates we have the dot plot which means some members may hate him until next year or the year after when they think the first rate hike will be. there will be tapering it could be some news about how close they are to tapering on that the market on tender hooks j. powell will be speaking at 2:30 eastern time. now a massive story. netflix, which already has a licensing deem is potentially we think they may have bought the rights outright. bear in mind, the licensing deal in 2018 costs $100 million as well, the price tag for this could be absolutely enormous it means they will develop a whole host of titles johnny and the chocolate factory. philip, frances, i don't know if you've heard of my personal favo

chairman jerome powell said the central bank is aiming to end monthly bond purchase program by middle of 2022. >>> former defense secretary james mattis took to the stand at the criminal trial of the former ceo elizabeth holmes. he told the jury he was invited to join blood testing start up's board after he invested nearly $85,000 in the company. he also testified he and other board members were stunned to learn that they used other companies' machines to conduct most of its tests. according to the "wall street journal" mattis said "there just came a point where i didn't know what to believe anymore." for more, head to cbsmoneywatch.com. i'm elise preston. >>> this morning there is word that climate change and sea level rise could literally put bart under water. bart executives say stations in low lying areas including airports are vulnerable to rising groundwater. others like embarcadero could be inundated by rising seas. >> one of the predictions is we could see high tides a foot higher than now by mid century. that's 2050. >> with ridership and revenue down significantly due to the

. >> jerome powell -- >> chair powell -- >> the meeting today -- >> fed versus covid -- >> the fed haserm temporary. whether the fed will indicate will be -- >> they like to see at least another months worth of employment figures. >> reaching that maximum employment nirvana -- >> the focusing markets will simply be on the language and dot plots. >> chair powell has gotten pretty adept a

jerome powell prints money every day. the u.s. currency, that's the theory, so you to can't do it with those cryptocurrencies, he's saying a lot of these frauds. my view is this, and i think this is the sort of common view you're getting from academics that look at this, and gary gensler used to be an academic -- liz: mit. >> -- mit. lawyers and even crypto people, they need a set of rules. and right now, you know, it's all over the place. nobody knows who's doing, what's doing what, i mean, who has the authority here. and he's also going to run into pressure from hester peirce, i mean, his own is sec commissioner who's taken, essentially, a 180 from where he's looking at this like a total crackdown because she's board about innovation being stifled. people forget it, we sit around and talk about bitcoin being, where are wherever it's trading, around $43,000. ethereum's trading at a alternative level. what is cool here is they have blockchain, the peer to peer -- what is that called? peerpeer-to-peer lending, theres all these sort

the federal german jerome powell as -- investments following revelations over trading investments byd presidents. there act -- their questions were -- the 61-year-old will contest a vote for leadership of the ruling party except for september 29. the winner of that race is virtually assured of becoming the next premier. noda is the fourth candidate and second woman to contest the ruling party vote. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn. this is bloomberg. shery: still ahead, we look at the supply chain squeeze and how it is affecting consumer product makers like musical group. the ceo joins us for that. the world bank says georgieva applied pressure to boost china's ranking in its 2018 report. the details just ahead. this is bloomberg. ♪ shery: ahead of the international monetary fund -- the head of the international monetary fund is being accused of pressuring the world bank to boost try to's position world economies. kathleen hays is here with more on this. what e

jerome, jay powell, say his name, folks, he pulled it off.e dip? not too late as the rally survived the biggest scare of 2021. where will it go from here? what will be the biggest

susan: jerome powell started speaking.march thirty first. we've been here before. we've been here before. stuart: right now, it is 1.53, got that. there are some move suppresser independent of the overall market. i'm looking at spotify, the story? susan: the spotify story is because well, it looks like they were going to launch and they are launching this different kind of campaign, high growth company. they're kicking off a way to boost their advertising sales away from the traditional big advertisers. they're targeting small and medium-sized ones. stuart: not doing much for the stock. susan: it was actually up in the premarket and the open. i think there are some new reports that came out that suppressed outlook. stuart: big deal in the works, don't we? susan: merck and act seller ron. this is a move to boast the disease drug business for merck. hard to find green. stuart: give me another deal in progress. susan: endeavor, the entainment giant, buying game developer, scientific games for online sports betting. $1.2 billi

and we had did the federal reserve as officials wrap up their monthly meeting chairman jerome powell again reference, soaring, inflation, admitting they've been higher than expected. he placed the blame on the ongoing supply chain shortages and said he expects the rising prices will only be temporary . inflation is elevated and will likely remain so in coming months before moderating. as the economy continues to reopen and spending rebounds, we are seeing upward pressure on prices, particularly because supply bottlenecks in some sectors have limited how quickly production can respond. in the near term, these bottleneck effects have been larger and longer lasting than anticipated. leading to upward divisions to participants, inflation projections for this year. now all of this comes reports have surface revealing that dallas fed president, robert caplin and boston, fred president, eric rosen grand, actively traded stock last year. while they were also in charge of setting monetary policy for the country. so where does the agency go from here and how will it's actions or lack thereof a

first, listen to the federal reserve chair jerome powell yesterday warning what would happen if the country were to default on debt. [video clip] >> it's important that it is raised in a timely fashion so the united states can pay bills when and as they come due. it's a critically important thing. a failure to do that is something that could result in the reaction, severe damage to the economy and financial markets and it's just not something we could contemplate. i'm not going to comment on tic-tac particulars or things but i think we can all agree the united states shouldn't default on any obligation and should pay them when and as due and that, you know, no one should assume the fed or anyone else can protect the markets or the economy in the event of a failure, fully protect in the event of a failure to make sure we do pay those. costs 6 million jobs and wipe out $15 trillion in wealth. mark sandy did this study. the chief economist found a prolonged impasse over the debt ceiling would cost the u.s. economy up to $6 million and wipe up as much as trillions in health and send it surging

because as we've seen, the markets are really relied on just about anything they hear from chairman jerome powell and when we bring it back to the federal reserve. i mean, we're watching it continue to keep interest rates near 0. continue to purchase 120000000000 dollars each month in bonds. and yet we're not seeing any movement with that. they keep saying, oh, we'll get to it, we'll get to it. we're just going to talk about talking about it. why don't you think that the fed has actually made some move, especially in the last few months as we see prices skyrocket? well they, they, they pretend they know they know what they're doing is dangerous. yeah. 2019, you know, they, they decided to shrink the balance sheet and i did that for a few months. and the stock market in like it. and the federal reserve number one's sure is to keep stock market high and friday. and that's their number, one constituent has nothing to do with a healthy economy. and the real truth is, is well, is being transferred under this system. and it goes from the more socialistic and thor, tara, you get the, the greater the att