janet has decided it's time for her to focus on her family and philanthropic interests by retiring at the end of this year. that will bring her remarkable cable career to a close. it also means that this is the last time that the two of us will be co-hosting the cable hall of fame together. janna, you know i can be a bit sentimental. i'll say how much all of us will miss your sunny disposition, your vision and most importantly, your amazing leadership. there's no doubt that you're leaving the cable center much better off than when you arrived. >> thank you, michael. it's been a lot of fun, a great adventure. i've loved working with you. it's been such a privilege to be a part of one of the most transformative industries the world has ever seen. connectivity has never been more important than it's been these last two years. through a global pandemic this industry has kept people connected, productive, informed, entertained and somewhat sane. that's an achievement every one of us can be proud of. it's one more reason we're celebrating tonight. >> it's always a special and deeply persona

and since janet woods has no plans to retire, her colleagues decided 50 years was reason enough to celebratereporter: janet woods thought today would be just another day at work at a nova, fairfax, hospital. >> we are here to celebrate you today and your 50 years! >> reporter: woods has spent 50 years as a pediatric nurse here, most of them in the neonatal intensive care unit. ( cheers and applause ) and her fellow nurses decided that deserved a celebration. >> i came in the morning for you! >> reporter: hundreds lined the hospital halls with 50 flowers, one for each year, for a woman they call a super hero. >> if you can extend a hand and help a family or help someone along the way, it gives you great joy. >> reporter: how many babies would you say you've helped bring into this world? >> thousands. >> reporter: tens of thousands? >> probably. >> reporter: 50,000? >> closer to 50,000. >> reporter: the 71-year-old grandmother says she hasn't thought about retiring, not even during covid. >> it was never a thought that i would leave, ever. >> reporter: you never thought about it. >> never. i w

has nominated someone now to run the f.d.a. what do you think of this candidate? >> well, look, i think experience is important in these roles. that's why dr. janettional in this role. she has a lot of experience in the episode. rob calec also has a lot of experience. i inherited his f.d.a. he left at the end of the obama administration, and the beginning of the trump administration. i inherited his team. it was an outstanding team. most them stayed. i also inherited his policy he set in motion, including around opennoids where he set in motion an aggressive set of measures, increased regulation for immediate release on opennoids and started the discussion over the availability of opyoids which resulted in bipartisan legislation. rob did a lot. i was the beneficiary of a lot of things he set in motion. >> brennan: opyoids, of course, something that may couple in any hearing. thank you for your perspective. the former f.d.a. commissioner dr. scott gottlieb. we'll be right back. . >> brennan: you heard and have seen pictures of those fully loaded ships sitting in southern california's ports. tonight on "60 minutes," bill whitaker takes a closer loo

and since janet woods has no plans to retire, her colleagues decided 50 years was reason enough to celebratee. here's cbs' jan crawford. >> reporter: janet woods thought today would be just another day at work at a nova, fairfax, hospital. >> we are here to celebrate you today and your 50 years! >> reporter: woods has spent 50 years as a pediatric nurse here, most of them in the neonatal intensive care unit. (çheers and applause) and her fellow nurses decided that deserved a celebration. >> i came in the morning for you! >> reporter: hundreds lined the hospital halls with 50 flowers, one for each year, for a woman they call a super hero. >> if you can extend a hand and help a family or help someone along the way, it gives you great joy. >> reporter: how many babies would you say you've helped bring into this world? >> thousands. >> reporter: tens of thousands? >> probably. >> reporter: 50,000? >> closer to 50,000. >> reporter: the 71-year-old grandmother says she hasn't thought about retiring, not even during covid. >> it was never a thought that i would leave, ever. >> reporter: you never t

cbs's janet shamlian has the story. >> reporter: on a perfect day 11 miles off the florida coast, theng. >> there you go! that's what it's about sch. >> reporter: for angler william big wil dunn, the water feels like home. for 15-year-old jaron williams, it'so different story. you've never been on a boat? >> no, ma'am, not at all. i'm very scared. >> reporter: dunn has taken thousands of kids fishing over the past dozen years. >> i grew up in a rough school and i was a pretty rough kid when i was their age. i still remember days i went out with my dad. >> reporter: a mission that began with a neighbor child whose dad wasn't around. >> it was a joy seeing the child catch a fish he never caught in his life. >> reporter: soon he was investing in in other teens. many like 11 reeledy jayden are without fathers. >> you get this feeling of freedom when you do it. it's really special to be out here. >> reporter: all are in need. what is your reward? >> my reward is -- i'm sorry -- if i could just be a light for one kid, it's worth it all, just one more. >> reporter: for jaron, lessons beyond

janet yellen has controlling covid in the west as the key to inflation.d it is important to understand that the current because of inflation is the pandemic. she repeated that she expects inflation to decline by the second half of 2022. prices returning to normal when demand and supply pattern normalize. morgan stanley sticking with their prediction that the fed will not raise rates until 2023. in an outlook, the bank says they expect to have asset purchases next year. that contradicts the call for the fed to stop moving next quarter. global news 24 hours a day, on-air and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. >> coming up next -- a breakthrough deal when it comes to cop 26 talks. continued criticism for week performance in glasgow. this is bloomberg. >> the australian government says it has no plan to change its climate goals. the climate back requesting countries to revisit and strengthen their targets. australia has no intention to do that. >> it is a request, a requireme

ylan mui spoke with treasury secretary janet yellen, on how she plans to accomplish that she joins us with more from that interview. >> reporter: sealing this deal hascretary janet yellen. she's won over the world leaders, including the finance minister of ireland. and today she's visiting dublin to show how committed both countries are for the agreement. she told me is she can get congress on board. >> the president feels and i certainly agree with him, that american corporations should pay for their share. the minimum tax rate of 15% is certainly not so high that it affects their ability to compete and be competitive globally. you know, it levels the playing field in a way where competition among countries and their firms can take place on the basis of economic fundamentals. >> reporter: now there is new hope that here in the u.s. the house could vote potentially tomorrow or at least this week on president biden's social spending package, which includes the overhaul of the tax code that yellen has been fighting for. but a key piece of the agreement is much farther off. it requires 100 of the most profitable multinationals to redistribute how they

janet shamlian has her story. >> reporter: at 7, julianna graves already knows her destiny. >> when im going to be a princess. >> you are? >> a princess that helps a lot of other people. >> reporter: but she was born without something a princess needs for good deeds, a healthy heart. in 2014, at just 17 days old, julianna became the youngest heart transplant recipient ever at texas children's hospital. what can you tell me about your heart? >> that my heart is very special. >> reporter: this is the moment the mom who donated her infant's heart heard it beat in julianna last year. >> we feel grateful that a family chose to give julianna a heart at their darkest hour. >> reporter: now it's their turn to give. >> they're going to take your blood pressure, okay? >> reporter: even though she spent so much of her life in hospitals, julianna said yes to the vaccine trial for immunocompromised children, requiring at least nine more visits. >> that's it. oh, my gosh, you're done! >> all right! >> yay! >> reporter: even she knows a princess can't just talk the talk. >> it is good to help other

in our series "a more perfect union" janet shamlian has the story of a man in louisiana working to help kids enjoy the freedom that comes from mobility. >> reporter: for calla roach distance is measured in the smallest of increments. >> come on, you can do it. >> reporter: born with cerebral palsy and epilepsy, crawling is her only independent ability at 4 years old. >> what has this been like for you? >> it's been hard knowing that she may never be able to walk and be like the other children. but she's still kaia. and that's all that matters to me. >> reporter: amanda roach is decidedly positive. >> come on, move your feet. let's walk. >> reporter: she'd love for kaia to take part in activities like her friends. >> i'm hoping one day she'll get there. >> reporter: what mother and daughter are about to discover, one day is today. >> okay. we'll tighten up a few things. >> reporter: louisiana retiree andrew mclinden is surprising kaia with an adaptive bike specially built for her ufrpg needs. in this case an extra wheel and straps to help keep her upright. >> look at that. look at that.

that will be talked about today bumps right up against maybe the 15th that the self -- that janet yellen hasgged inc. -- if the government does not raise the debt ceiling. a couple other movers here. a lot of the retail stocks took it hard. some of the preliminary data on black friday cyber monday not living up to expectations. a second straight day of the kleins. most of the other names in the space also lower. an upgrade over at bank of america. a lot of the spotlight on twitter because of jack dorsey's decision to step aside as ceo. tom: you are doing this to a great effect. what is the more prestigious job, ceo of twitter or ceo of square? >> longer-term probably square without a doubt. at least as far as the equity performance including square. definitely want to go for square. tom: thank you so much. this is a joy. one of our themes has been the underestimation of technology and what we would call technological progress. jp morgan was brilliant on this a month ago or so. scott clemens is chief investment strategist at brown brothers, a brilliant essay on our underestimation of technolo

einstein college of medicine ane grew up in queens and lives in hartsdale new york with his wife, janet. he hashild in medical school and another in college. dan compel is a former executive editor at the new york times wire cutter. he's ready for national publications including wired outside national geographic and the atlantic wanted to work for his writing. he is a recipient of national geographic explorers went and has products including "star trek" next generation and the author of the book banana, they of the fruit that changed the world. i think this might be the most eclectic resume of any author we've had an event here. he currently lives in maine with his wife and their two young boys. thank you so much for being erthere. you came straight from a shift but thank you so much. i could not put this book down. i was peeking out in between customers, i left the store and came home plopped myself on the couch and finished it. it is really incredible. it's not the book i expected about covid, we discussed this a little bit earlier but it's completely nonpolitical, just what you are seeing in

cbs's janet shamlan has the story. >> reporter: on a perfect day 11 miles off the florida coast, thee biting. >> there you go! that's what it's about. >> reporter: for angler william big will dunn, the water feels like home. for 15-year-old jaron williams, it's a different story. >> you have never been an a boat? >> no, ma'am, not at all. i am very scared. >> reporter: dunn has taken thousands of kids fishing. >> i was a pretty rough kid when i was their age. i still remember days when i oent went out with my dad. >> a mission that began with a neighbor child whose dad wasn't around. >> it was like a joy seeing this little boy catch a fish he never caught in his life. >> reporter: soon, he was digging into savings to invest into other teens. many, like 11-year-old jayden, are without fathers. >> you just get, like, this feeling of freedom when you do it. you know? it's really special to be out here. >> reporter: all are in need. what is your reward? >> my reward is -- sorry -- if i could just be a light for one kid, it's worth it all. >> reporter: for jaron, lessons beyond how to ree

has a good idea. today inadvertently, treasury secretary janet yellen supported it. ator mentioned on —- senator manchin has said stop spending, go on a positive way until next year for the 4 trillion-dollar bill until we see how inflation turns out and janet yellen said today that she now thinks the inflation might come down in the second half of next year. okay. they should get together and we should applaud all the spending and taxing until the second half of next year. that is what i heard today on the tv show and i think it's a great solution. do nothing. no more spending and by the way the federal reserve that janet yellen used to run has gone crazy with money printed so they are financing all of this government spending that keeps it accelerating so listen to senator manchin a blue dog democrat no more until you are well into the second half of next year what your own treasury secretary is saying about the inflation rate which may not come down but let's wait and give her a chance. steve: [laughter] i went to listen to you as well because they could be dealing

to this day, notably, janet yellen has never retracted that statement or apologized for joining the mobhurt an innocent man for telling the truth. that's fine with her. it's fine with her now. the other activists who targeted him, have they admitted they were wrong? >> no. "anyone still wants to defund the police, stay away from hyde park." no one has apologized or learned anything. the politicians ruining the state of illinois and the city of chicago demand above all that you worship them like gods. as people die around them. as that happens all of this killing is happening very close to where our former president barack obama is billing a massive large shrine to himself, known as a presidential library. total cost to this project, at least $830 million. nearly a billion dollars to celebrate barack obama. just in case you're wondering what the definition of narcissism. we don't mcto pick on obama, he's hardly alone. most people in barack obama's position, which is to say in a position of authority that might actually help people, prefer to talk about chicago rather than actually make i

individual sit downs with powell, with fed chair lael brainard, and we know he has also heard from treasury secretary janetlen, who has said she think that powell would be a good person to renominate, that he has done a good job as chair so far forget certainly he is also hearing from senators elizabeth warren, but also republican senators who said if they go ahead and nominate powell again, republicans will support powell. if you are able to get to 50 senators without elizabeth warren and maybe some other more progressive democrats, that could be a route that the white house chooses to take to show president biden's bipartisan credit. there are a number of people that the biden administration is looking for on this. i think the time they are taking shows their intense focus on it. tom: she's all washington. jonathan: i thought karen was a wall street thing? tom: economic credit. jonathan: emily, thank you. [laughter] to help you answer the question you asked, who is helping the president, here's a quote from "the wall street journal." "president biden met each candidate separately on november 4, and was j

janet? she's lucky. she has comprehensive coverage on her car. so she got a new converter. janet: oh, it was covered in full with no deductible. chris: she fears thieves will take her catalytic converter again. her intuition is right. police tell us many hybrid drivers are repeat victims. janet: now i'm really thinking about just selling the car because, you know, i don't wanna keep dealing with it. chris: and it keeps happening over and over. janet's alarm didn't go off, why? her battery was weak or dead because she's working from home and not driving much. well, aaa told us lots of people are in the same boat. so here's what you can do. make a habit of driving a couple minutes each week, especially if you own a hybrid, to keep your battery alive and your alarm on. we tackle all sorts of insurance issues. if you have one, you can tell us about it at nbcbayarea.com, just click the "responds" option from the main menu, or you can call us, 888-996-tips. when we come back, a covid survivor's healthcare headache. when he got the run around, he asked us to step in. we did. we'll

treasury secretary janet yellen has pointed to the middle to end of 2022 when inflation rates may improve. you think it might take that long mid to late next year before americans start to see relief in prices? >> i think it's possible. you have to remember we have come out of a really unusual period. this is not a normal bout of inflation. we had a global pandemic. everything stopped. then it had to ramp back up. it is going to take time to work out those dislocations. what is interesting is there are a lot of factors in play. on one hand you have labor shortages, supply chain things. those will ease out. on the other hand you have low interest rates still pushing up housing prices. you also have technology allowing people to work in many other places. that is disinflationary. there is a lot in play. i don't think anybody has a sense yet of when the exact cut-off date is going to be for inflation. i don't think we're headed back to a decade though like the '70s. >> it was much higher in the '70s. still, people are hurting. why do you think it took this long for president biden to pivot a

janet yellen has been praising jay power for the way he's handled the pandemic, the recovery.e against him certainly, elizabeth warren, who is so strongly opposed. >> i don't know what they're going to do. jay powell and brainard will be excellent, very experienced and qualified but both would have to make a shift from the policies they've enunciated over the past couple of months because reality is turning out differently than they've expected. >> it's clearly a global problem, look at the prices in europe. that's not going to help the president politically to say this is a global problem. the president didn't get any good response from opec when he was trying to get them to increase production to lower the costs. >> to pick up on the point about the fed, the real conundrum for the fed is there actually isn't a lot the fed can do to stop consumer price inflation. supply chain and the other is in the energy price jump, which has been really quite dramatic. in terms of what the white house can do, they've been having intensive meetings in recent days, i'm told, to look at thing

that's when treasury secretary janet yellen has said the date to raise the debt level which could be's going to happen soon. those are two things that cannot be avoided. they have to be done right away. as you mentioned the defense build, the defense authorization act, congress has done this every year for the last 60 years, coming out of the cold war, and this has got to be done as well. i feel like build back better, as much as there's urgency around it, it's -- also, there's going to be, you know, there's going to be discussions over all of these issues. immigration is a huge issue. taxes is a huge issue. paid family leave, that's something that manchin has talked about that he doesn't like. so that's a huge issue. these are going to take time, senate's going to have to work through them. it's going to take a week of floor time for the senate for the voterama. there's a lot of possibility that these could get pushed back with these other priorities that you mentioned today well in your setup. >> a true friend of the show, john bresnahan from punchbowl. >>> stale ahead, a look at w

she thinks it's the worst thing in the world and that's not so bad, because janet yellen has said bad things about it as well , and she's not quite a communist. not even quite socialist. she's a liberal, i get it. it's a huge difference, maybe progressive, but a lot of people believe based on her private comments and senator toomey is one of those people who believe this , that she will try to force banks not to transact, not to do private crypto transactions, maybe she's in favor of a u.s. crypto which a lot of people are talking about letting the federal government doing its own crypto coin but these other cryptos that are different, that are ethererum, bitcoin, xrp, many of the others , litecoin, that these other things need to be reigned in is what people believe based on her prior statements that she believes and maybe, even eliminated. she is worried about crypto being such an alternative to the dollar that government can't control it, and let me tell you something, they all think that in the back of their heads. liz: that's why it was created in the first place. at an alternati

treasury secretary janet yellen has given congress a december 15th deadline to raise the debt limit tos build back better legislative package is now in the senate with majority leader chuck schumer hoping for a vote before christmas. joining me now, nbc news capitol hill correspondent leigh ann caldwell and politico white house reporter eugene daniels, he's also an msnbc contributor. lee ann, i want to start with breaking news on the january 6th committee, it plans to hold a vote to hold jeffrey clark in contempt. >> that's right, aaron, jeffrey clark is a former trump administration department of justice official who was really instrumental in the justice department, trying to get them and other agencies to overturn the election results of 2020. he was a critical player for the former president. and he appeared before the committee a few weeks ago behind closed doors but failed to cooperate. and so now the committee is finally acting. they are going to vote wednesday night to refer criminal contempt charges regarding jeffrey clark. if that vote passes, which it is expected to, it woul

now, the nation is set to default on its debt on december 15th, something treasury secretary, janet yellen, has mcconnell has said that democrats need to go at this alone, mcconnell schumer reached a short-term deal. there was a breakthrough in discussions between the two party leaders in the senate. they actually had a meeting to discuss the debt ceiling, while they did not announce a breakthrough, it does seem they resumed discussions to go at this together. we'll learn more when they come back from recess this coming week. another thing that the senate needs to address is the national defense authorization act, which lays out the priorities for the defense spending for congress. now, they also are planning to tack on schumer announced they're planning to tack on a separate bill to the ndaa that would also address competition with china and supply chain issues. a lot that they have on their list, including the build back better act, which i didn't even mention, so they have a long list of issues they need to address when they come back before the end of the year. >> daniella diaz, good to see

i'm happy to say that the education minister a janet la grange, has cancelled as, as has eliminated that back because i think we all understand that this is absolutely crazy. there is a tendency today to i would say to over exaggerate this issue of giving equal time to different sides. i mean, some issues. there's no 2 sides. let's, let's be honest. there's nothing to talk about when it comes to the nazis except the crimes and except the incredible damage and ruin and murder that they brought to the world. and it's their fault. in 3rd, rice was the most genocidal regime, the worst regime in human history. so, i mean, you want to talk about how the autobahn was an improvement over the previous highway, when tens of millions of innocent people were murdered by this, by this regime. i toward developing a situation here on the that of the international space station recovering the story here were naughty international. as we understand all those on board the i assess, had to shelter inside their cap sewell's. this over a threat of space debris just a few minutes ago as we understand the debo

. >>> activist janet partners has a new target in its sight. let's get to leslie picker for a market flash >> melissa, that's right jana partners looking for zendesk. shares are trading higher on the news, first reported by "the wall street journal. momentive coming back about 2.7% right now. i'm told the activism shop sent a letter to zen desk i have not been able to con the size of the stake, but other large shareholders agree it should not happen. they agreed to acquire them last month. it is less now since zen desk has fallen 20% since the deal was announced at the end of october. but the jana letter says it lacked, quote, financial merit, that deal, and may prevent a potentially interested buyer for zendesk as a whole a vote is slated for the deal in february we called zendesk and momentive and have not heard back from either of them on news of the letter melissa. >> all right leslie, thank you. leslie picker. >>> still ahead, we have much more on the market sell-off, including why apple is a bright spot in the big tech space today. and as

you more >> right certainly, we know that the pandemic and covid is the greatest worry for janet yellen. she has said that, secretary yellen has said that the most important thing i think you can pay to as an investor is the price you pay. the price you pay and the multiple you pay will determine your results over time like buying a house. it is how much you pay some thing are expensive today they are getting more expensive. the faangs stocks, and the tech stocks all on a roll and the money is moving there the industrial stocks, the value names, have not kept up. i think you look at those areas that really have not participated in this rally as much, and you still look at some of the reopening trades. for instance, you lock at a medtronic or a striker, these are companies that make medical devices, and elective surgeries haven't been happening as much, particularly when covid surged through the fall they pulled bag. i think there are students there as you get people saying i still need a new knee, a pacemaker, i have still got to do these other things and go back as soon as i can into the hospit

president to go against his key advisor which is former fed chair, current treasury secretary janet yellen. lisa: she hasd away from the statements she made off the record in reporting by bloomberg, and on the record has been pretty noncommittal. i wonder if climate change and issues like that will be what dictates who becomes the fed chair rather than inflation, which is front and center for politicians. annmarie: front and center, and one of the biggest problems the white house is dealing with. you can see in terms of what they are trying to do with moving money to help individuals this winter in terms of their heating bills. on climate, i would say although you are hearing from progressives they don't like what chair powell has done, chair powell has brought the fed into a global central bank climate network, about 80 central banks part of it. he also talked about the fact that climate change could potentially impact the economy. if it was to do so, that is something we would have to consider but as of today, climate change is not something we encounter with monetary policy. he hasn't completely misse

janet yellen. >> the pandemic has been calling the shots for the economy for inflation and if we want to get inflationtinuing to make progress against the pandemic is the most important thing we can do. >> many economists say the blame for the inflation is covid. you know, the economy was depressed and shut down and roared back to life. the economy is strong. it's the down side of the economy. for senior citizens there will be a 6% increase for cost of living. that's important. and a reminder that many working families and families are getting up to $300 a month per child in those expanded tax credits. so, you know, there are -- there are ways that inflation can be absorbed. every time you go to fill up your tank -- >> that's the problem, gas is one of those issues, it's an everyday -- >> california, record high gas prices in california. >>> 44 minutes past the hour. programming note. on the new interview series "being" dana bash has what it's like to go from trump supporter to sharp critic. "being chris christie" airs tonight at 10 p.m. joy of moveme. hello, for the last few years, i've been a little

the federal reserve partner with genia yellen -- of janet yellen -- it has been quite a good combinationring could have been much worse. the shock to the market. other banks in asia, the central bank of new zealand, new zealand are doing their own narrative. australia is trying to be pragmatic. the reality is the bulk of the central banks are to remain behind the curve. dealing with the biggest issues of quarter by quarter or year by year with the input prices. that is not going away until supply chain disruptions go away. we have this concern from cpi and ppi until mid-2023. a market is going to have to adjust to that. equities is conducive to expanding price environment as long as it does not get out of control. central banks understanding of it -- central banks our understanding of it. with the variants challenging us more so and it is front and center, which is a good story where we get to explore that. that is your playbook for 2022 and 2023. shery: what happens to inflation will depend on what happens with commodities. you said earlier you are pro commodities, but which ones? >> th

has resigned amid an investigation into his ties with jeffrey epstein. [indiscernible]maira: >> -- will contest the finding. he will be replaced by the head of the banks marketing division. treasury secretary janetellen says fed chair jerome powell has taken significant action after revelations over the personal investments of u.s. central bank policymakers. -- tightening up rules on active trading -- individual stocks and bonds per the controversy has complicated powell's chance of -- joe manchin slammed. -- quick hope for president biden's plan. he says congress needs more time to assess the impact of the spending package on the economy and national debt. -- to unite the progressive and conservative wings of the party. >> i will not support the reconciliation legislation without knowing how the bill will impact our debt, our economy and our country. vonnie: 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. this is bloomberg. shery: still ahead, more on the rba meeting and the debate on scrapping key yield target. joel masters joins us for a preview. next, insights on the markets from -- who sees strong

has said that he will decide fairly quickly on his pick to be chairman. he's met with both jay powell and reynard at the white house. the treasury secretary janetellen is a former fed chair and has endorsed powell for a second term. dani: thank you so much for staying on top of the politics of d.c. and the fed for us. that's bruce einhorn. let's turn to china. alibaba bounce back with a record sale of more than $84 billion. it's a bright spot for the tech from which has been hurt with a $2.8 billion antitrust fund. for more, juliette saly joins us in singapore. walk us through some of the market reaction to the wider asia story. juliette: yeah. we are seeing asia stocks move higher on this alibaba number. certainly not the reaction that you saw in chinese adrs overnight. we've been seeing alibaba pullback from some of its earlier highs. jd.com a performing in the tech index, still pretty song -- strong. it has been outperforming what we've been seeing in the u.s. since 2017. this is pointing to further growth that you are expecting from the chinese e-commerce platform. it points to the fact that they are looking towards more sustainable outlook

janet yellen. or reappoint somebody to the office, which has often been the case. background is democrats are divided over this pick. there's a lot of democrats who think that jay powell has done a very good job with monetary policy, has kept interest rates low, and has kept his foot on the gas to help the economy coming out of this recession in a way that has helped workers. but there are other democrats who are worried about, led by elizabeth warren in massachusetts, who have expressed real concerns about jay powell's financial regulation, or in the case of senator whitehouse and senator berkley in oregon, they are concerned he has not made fighting climate change central enough to the fed's mission. there is pressure on the white house to pick a different fed governor, to replace it jay powell, and that that is what we have come down to, either jay powell will be reappointed or lil brainard -- lael brainard will replace him. it has felt like months now that it has taken the president to make a decision. but if we believe with the white house has been telling us,

janet: you're not going to have work/life balance, you're going to always be juggling. announcer: how the pandemic has impacted families and the job market in ways impossible to predict. plus, schools are open, but without enough teachers, custodians, or bus drivers. jeff: our transportation director is driving. both of our mechanics are driving busses. we've got our director of teaching and learning, a couple of instructional coaches. announcer: what this iowa school district has to do to make sure its students get to class every day. and rising tides are cutting a path of destruction along america's coastlines. bob: sea level rise has got a critical place where a little bit more kills everything. announcer: why ghost forests are a dire sign of things to come. ♪ soledad: i'm soledad o'brien. welcome to "matter of fact." to say the u.s. labor market is in flux is an understatement. a year and a half after the pandemic brought the economy to a screeching halt, employers report an onslaught of resignations. that is leading to a shortage of workers, and an unpredictable future. one major factor -- the nu

anticipating higher inflation they cause it i don't know seems like this is a -- the fed, has said and even janet>> well fed 70s peaked in inflation closer to 16% i don't think anybody is talking about inflation quite that high but you are right, if inflation does become self sustained people expect higher tomorrow, because it was up from yesterday, then that is a problem. but there is a risk there, wages as rents two things watching most closely about you we think that wages in particular will be capped soon we are starting to see improvement in labor force participation also seeing people start to dip into those savings accumulated during 2019, 2020, as sthooifgs balances come down you see people come into workforce, into manufacturing, leisure hospitality industries most job openings wage gains are we think again is going to be a rebalancing between labor supply and demand. dagen: james? james: let's say inflation doesn't get to that 1970s, 15% level. but let's say it is not transitory, let's say 6.2% what is we get for next year. what does that do to the economy? >> that is going to be -- onl

janet woodcock's who has the agency through a challenging time because of what is happening in the worldwould note that four, five years ago, he was confirmed by 89-4, one of those four is the individual you mentioned and every senator can vote for or against members, people who are nominated, that is their role, but we feel he is a qualified exact experience for this moment. >> looking at the signing ceremony on monday? >> we will see, congress, governors, mayors, playing a role helping move the infrastructure bill forward, as we get close we will provide you a list of intended use. >> are there any that will not be at the planning ceremony? >> secretary psaki: i think he spoke to this publicly, the president looks forward to looking together to get this done for the american people. >> the last thing on the president on monday, will the president hold a press conference afterwards like he did following the meeting with president putin? and does he bring up the covid-19 origins with president xi, because they have been blocking it. >> secretary psaki: the president will not hold back on

alice has high levels of aluminum and iron. janet got a best lives in a nearby community. she says her children are showing signs of skin problems. president, he had a more lasso once to increase mining and all exploration activity in the country, to jumpstart a troubled economy and to fight illegal operations. but experts say it will not solve equals endemic problems. luckily, because you're busy, or if they want to tell us that exploiting these resources will solve our problems of misery under development. and that we will progress. but history tells us that has never happened because it's not the 1st time our elite are incapable of thinking an economic model. that is not only extracting nature's resources because that's where our problems lie. it, while those wayne forest is among the more threatened in the world, poverty and employment, and the promise of development are causing massive damage. the government, the state of fighting it, is desperate to bring international oil and mining companies and give it away. that is, i will, i'll, jesenia is made eldest the caller

so we my, so in the ha jada on the she had, he said, we are janet on colombia tomorrow. we are well, only little now we are the on the corner of do if had given us still another agenda, hit alpha, but that and some them are little nauseous and i was supposed to not in the cluster called little bit de laquita and a colonel holland article shia w of oliver monica and know me about the law had been doing the felt myself enough to what was said. jennifer gymnast oil to huddle. oh, it was in march 2019 that i so lost its last territory in syria. ah, after the defeat, children of the fighters were taken to this camp at al home. 62000 people are still living now. a among them 21000 iraqi children with many mothers have kept the iso ideology intact. a lot with a with . 2 inside the can save the children, a child protection n g o teaches math, science, arabic and english, a 5 and do a lot, find her daughter level and look on with that. linda furnace, someone without an issue, i need you on my breast. it will be di comcast, over my been at that level while joe, with the i learn mo

barbara: janet yellen said that reducing those tariffs that the united states has on china could helpduce prices here. i don't think the trade will come up in any great detail in the talks, not at that level anyway. the white house has been saying mr. biden will talk about what he calls rules of the road. he wants china to observe international norms when it comes to respecting international -- intellectual property rights. but, there are working groups that have made some progress on certain aspects of the trade relationship, so it is possible we may see that bear fruit after the meeting. nada: that meeting tonight. barbara, thank you so much for breaking that down. now, austria has introduced a partial lockdown for the 2 million people who have not had two doses of the coronavirus vaccine. for the next 10 days, they have been told to stay home except for going to work and essential shopping. the country has one of the highest infection rates in europe, but one of the continent's lowest vaccination rates. bethany bell reports. bethany: karina does not want to get vaccinated against c

janet yellen endorsed the numbers saying congress has put together a pajage that is fiscally responsibilityture pro prosperity of our economy. salt would be lifted until 2030 and then go back down to $10,000 in 2031. of course, the senate has a different plan that means whatever might pass the house today will likely get changed in the senate later so they're hoping to pass a social spending package by thanksgiving, brian. we'll see if they make it. back to you. >> a lot to unpack there on the s.a.l.t. for people who live where you live in new jersey, here in new york, nay have to love that. but a lot of the bills and pay fors seem to be sunset or accounting -- i don't want to call them gimmicks >> you can call it a gimmick. >> it fades out over years -- okay if you say i can do it i'll do it these darn gimmicks where they basically say we can't afford that so end it one year earlier because many of the politicians probably won't be in office anymore by the time these are out. once you give somebody something, it is very difficult to take it back, they know that. >> reporter: yeah, absolute

janet: dani, thanks for having me. i don't think the key message has changed.nk the bank of england is still keen to raise interest rates because they are concerned about inflation, especially inflation expectations have gone up a lot. the meeting this month, it has been a close call. i think markets have gotten ahead of their self in pricing more rate hikes or earlier rate hikes in the u.k. we have, you know, said that there are still a number of insurgencies for the u.k. coming -- a number of uncertainties for the u.k. economy. there is still no -- we are still waiting for the labor market data. it does not change the fact that they may hike in the next meeting or in the next couple months. dani: of course, this is a global bond market, so this decision to hold did not just affect u.k. markets. we also saw u.s. markets reacting, we saw australian bonds moving, too. does it make sense, this interconnected trade, when at a time we have some interconnected factors in the u.k., especially things like brexit, that affect its growth? janet: yes. i do think that the

. >> you can't drive through life look into the rearview mirror janet yellen company has to shift onts as we speak. it's been a modest gain throughout the show, the dow is up 36200, a tiny drop for the nasdaq composite. let's have a look at big tech. facebook meta, $350 a share right now, however, the ten year treasury yield. this is why big tech is not doing universally well, dear that's gone up 1.60%, big tech does not like that rise and yield and that's what we've got. now this. we have never ever seen anything like this before, that's not an exaggeration. i'm talking about the wall of money that's flooding into the economy and the markets. it was an enormous amount of money, the accuracy we asked our research department to detail at all. look at this, 192 billion families first act, 483 billion paycheck protection, 2.2 trillion cares act, 900 billion, consolidated appropriation act, hold on, that is money already approved, not all of it has yet been spent. now comes a really big money, 1.9 trillion to american rescue plan, 1.2 trillion american rescue plan, the 1.8 build back bet