romaine: brian deese, director of the national economic council down at the white house today. will continue this conversation with the triple take on automation and robotics technology, and who better than the vice president of robotics and nymex -- and economics from a robotics company? she has a wealth of experience in this area. i am curious about productivity. i'm curious how robotics and what you work on elders into the idea of creating a more productive manufacturing and more productive warehousing environment. melanie: thanks for having me. when you look at what automation really brings to the table today, it is the ability to get from the time of automation to getting productive work -- that is the first step. the second is how we make sure that depending on labor changes that happen day today in your environment, those are able to be supported by the automation -- changes that happen day to day. a lot of businesses work shut down during the pandemic, but using collaborative robots, were environment so that the robots were able to keep their workforce active and making

the director of the white house is national economic council says the government has managed to reduce the delays seen at ports when it comes to something like the supply chain challenges on those. and manifested more significantly than people were anticipating over the course of the summer. in early fall, both because of a covey factors, but also buying behavior of major retailers and major freight movers. and so we went into action over the course of the fall to try to help address those issues. and the, the bottle necking we were seeing at ports made very significant progress on that. 40 percent decline in the amount of time that at a, a container sitting at the dock. the world health organization says that over 15000000 people contracted coven 19 over the past week. the highest ever figure during the pandemic. the world health organization, since the number of deaths is also rising. in the u. s, the number of people in hospital has gone up by as much as 33 percent. a death spy about 40 percent over the past week. health officials expect that cases driven by the alma chrome variance

brian deese, the director of the national economic council. tom: some delicate issues there, john.iked how you dovetailed the foreign policy there with domestic policy. they have a history at colliding at inopportune time. we will get perspective from daniel tannenbaum scheduled to join us this morning who is a truly expert on sanctions. jonathan: the energy issue is a domestic issue. a domestic crisis in many ways because we've been hit around the head with crude prices at $87. and the real issue of russia threatening to go into ukraine. how do you manage those two things when they're in total conflict of each other? lisa: and how do you deal with the transition to green energy when you haven't laid the grown work without that huge in-- groundwork in gas prices? jonathan: let's switch for the price action. futures are higher by .4. n.s.a. n.s.a. up .7. tom: this is important, john. there's a tweet on the board you've got up, on radio we're looking at equity equity -- equity markets. sometimes it's not what is there but it's not what's there. the vix is not at a 56 level. jonathan:

looking forward to catching up with brian deese, director of the national economic council.: it will be a very import conversation on build back better, his wheelhouse. right now, the warehouse of christian buyer of johns hopkins , he travels to south africa in the coming days to give important perspectives. dr. beyrer, thank you for joining us. i want to speak to you about the epidemiologist boris johnson. basically, he said yesterday we will trust the judgment of the british people. your comments please on what is clearly a political expediency in the united kingdom to move on from omicron. dr. beyrer: they are one of the countries seeing a decline in new infections, but not down to a baseline that would suggest it is time to lift restrictions. that is the political calculus. i do not have to tell you he is in political trouble because of having violated and his staff having violated earlier restrictions. this is one of those very clear examples where a politician is making choices that might undermine the public health response. that is reckless. tom: that is the word i w

economic activity grew last year at the fastest pace since 1984, brought ramamurti with the national economic council says this proves president biden's economic agenda is working. >> more jobs, higher wages, fast economic but jeff lee with the truman national security project says not all americans are feeling the economic growth. black homeownership is the lowest it's been since the 1960's and treasury secretary yellen just said last weekend, according to their gate of the white families have 8 times the average wealth of black families. and lee says many americans are still being squeezed by inflation. the white house says much of that is connected to supply chain disruptions. so the more we can address our supply chain and smooth things out the morning, we'll see progress on the inflation side. lee is calling on lawmakers to extend the child tax credit to help people, especially women. get back into the workforce. 75 1% of women are the caregivers and their family. they're still having harder times entering the market. now democrats are considering a smaller build back better bill that would incl

he's the director of the national economic council. brian, great to have you here. economic news that we got today. but still too many americans are feeling really good about their personal financial situation. what do you say to those americans who are paying more for the basics like gas and groceries and are struggling to make ends meet right now? how should they manage their day-to-day? >> well, what i'd say is first it's important to reflect on the historic progress. as you just noted, strongest growth in nearly 40 years. and in the fourth quarter we saw some positive news of companies rebuilding inventories which suggests progress in moving supplies through the supply chain. and at the same time we have a real challenge of getting prices, price increases down and that's affecting families. and so what we are focused on every day, the president is focused on is how do we build on this historic progress? historic economic growth and job growth, wage growth for those at the bottom of the economy. how do we build on that while also getting prices to normalize. and

speaking of the white house, this is what a spokesperson for the national economic council had to say leaning on an injured test individual month of data -- leaning -- we are not leaning too heavy on an individual month of data. but we saw a drop in the price of energy, both at the gas pump, but also natural gas and winter heating costs. most independent forecasters continue to project that we will see moderation in price increases over the course of 2022. adrian: the chairman of the federal was -- mike: the chairman of the federal reserve bank also has this type of up assessment and says these price rises are temporary. but there is another issue here, and that is that the impact that the pandemic hour particularly the omicron variant of the covid-19 strain is having on the economy, and one thing these figures make clear is that while people get sick during a pandemic, so, too, does the economy. adrian: many thanks indeed, mike. rising inflation is a worry across the world. prices in the world's richest economies are running at a 25-year high, fueling concerns about a cost-of-living

jared bernstein from the national economic council says another one is fear of catching covid-19, our vaccination program are testing program are also essential components to creating path when the job market. bernstein says the administration expects omicron's impact on the economy to be temporary. the effect it would have with the increased absences people out for a week or 2 because they they call it the more contagious variants reporting in washington. reshad hudson. >> all right. time to talk about the weather on this friday. 4 zone forecast as we get a live look at sfo, large cargo with us as going to be this weekend large. yeah, looking good guys. not only here but around much of the state. these going to be drying out just a bit after the cellphone. delays being reported there. oakland or san jose skies clearing out to as high pressure takes over into the monterey bay. your getaway forecast 50's even some 60's about mid 60's in the sleeves for plenty of sunshine there. southern california 50's that mid 60's in anaheim. 61 in pasadena about 62 degrees in downtown los angeles an

established competition and our new white house composition council shared by the head of my national economic council, including members, and brian is here today. including members of the cabinet and other key agency officials. they are all there to make sure the united trust laws are insured across the board. today, the usda announced a joined effort to make it easier for farmers in the agricultural sector. forrest, h free-market is not free without transparency around prices. how do you justify the price? back in august, the department of agriculture took steps to address this. we are going to keep pushing. i am pleased to see that congress is taking action as well on increased competition and unfairness. the biden administration is working to make cattle markets more transparent. all these issues are areas where we can and must come together in a bipartisan way. i am grateful to members of the democratic and republican congress for being willing to come to the table. i will be inviting a bipartisan group to discuss how we can make progress legislatively as well. as we continue doing everything we

jean has served as head of the national economic council and assistant to the president for economicsident bill clinton, andy president barack obama. he is the only person to have served in this capacity for two presidents. throughout his distinguished career at mr. sperling has shaped domestic policy on a broad set of critical issues. he has had a hand in creation of the children's health insurance program, the child tax credit, expansion of thene earned income tax credit, the new market tax credit and now the american rescue plan. and that is just a few of his accomplishments. it is safe to say a few has shaped a policy for children and families more than mr. sperling. in the white house he is a strong advocate for cities and equitable economic recovery that reaches those who have been hit a the hardest by the pandemic i and its negative economic consequences. mayors, please welcome american rescue plan coordinator senior advisor to the president gina sperling. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> white underachieved and gond for the podium near you? [laughter] i really want to thank the leadership

increasing competition, and the new white house competition counsel, chaired by the head of my national economic council, including members -- brian is here today, including members of the cabinet and other key agency officials, like the secretary of agriculture, the attorney general, the secretary of labor, the head of the federal trade commission, we are all here to make sure that antitrust laws are enforced across the border. today, our justice department and usda announced the joint initiative to make it easier for farmers and ranchers to report potentially illegal practices in the agricultural sector. attorney general garland will discuss this more. fourth, we are bringing greater transparency to the industry. a free market is not truly free without transparency around prices. how do you justify the price? right now, that is largely disappeared in the cattle market, transparency. back in august, the department of agriculture took steps to address this, and we will keep pushing it. and i am pleased to see that congress is taking action to increase competition and fairness. the bipartisan group of se

this is what a spokesperson for the national economic council at to say. we never index too heavily on, in the individual one month of data in any direction. but it would note that we saw in prices from november to december, a decline in the rate of growth of the prices for food at home, which is a technical way of saying food that people buying the grocery store. and we saw a drop in the price of energy both at the gas pump, but also natural gas and winter heating costs. most independent forecasters continue to project that we will see moderation in price increases over the course of 2022. well, the chairman of the federal reserve bank also has this type of beat assessment in terms of the fact that these price rises are temporary directly linked as the white house claims to supply chain issues. but there's another issue here and that is that the impact that the panoramic or particularly the recon very into off the cobra, 1900 strain is having on the economy. and one thing that these figures make very clear is that while people get sick during a pandemic,

the director of the white house is national economic council says the government has managed to reduce the delays seen at ports when it comes to something like the supply chain challenges on those and manifested.

jonathan: the national economic council director on inflation.ith lisa abramowicz and tom keene, i am jonathan ferro. your equity market up six, up a little bit more than .1%. crude settles down with an $82 handle, media $2.64. -- $82.64. inflation is too high and working people around the country are concerned about how far their paychecks will go. we are focused on getting inflation down to 2% and sustaining a recovery that benefits everyone. tom: the words of alan greenspan, jon ferro, this is unbelievably stupid, and so said an entire nation over the comedy of 1974 of whip inflation now. there are not words 48 years on to describe how silly all politicians look thinking they can do something about what then was really a serious, serious inflation. jack fitzpatrick with us. maybe that is not the right phrase, but the phrase is whip inflation before november 2022. what is the plan? jack: one you have heard from the biden ebony straight and that they are looking to the -- you have heard from the biden administration. aside from the supply chain

economic activity grew last year at the fastest pace since 1984, brought ramamurti with the national economic council says this proves president biden's economic agenda is working. >> mnre jobs, higher wages, fast economic that jeff lee with the truman national security project says not all americans are feeling the economic growth. black homeownership is the lowest it's been since the 1960's and treasury secretary yellen just said last weekend, according to their gate of the white families have 8 times the average wealth of black families. and lee says many americans are still being squeezed by inflation. the white house says much of that is connected to supply chain disruptions. so the more we can address our supply chain and smooth things out the morning, we'll see a progress on the inflation side. lee is calling on lawmakers to extend the child tax credit to help people, especially women. get back into the workforce. 75 1% of women are the caregivers and their family. they're still having harder times entering the market. now democrats are considering a smaller build back better bill that would i

former director of the national economic council, the great larry kudlow.has never let a defendant take the fifth of vodka. our other cohost emily compagno. his beard has antibodies. writer and comedian, joe devito. she mistakes her for a wintry mix because she is a white max on the ground. a fox news contributor, kat timpf. all right emily welcome welcome to the show. the unsold translator? [laughs] >> emily: i like my outfit. >> greg: i like it it's kind of like a retro jumpsuit kind of thing. also complement and you. don't get me in trouble with hr emily. here's the thing that i noticed that there are no more sane criminals. any time something happens were somebody's murdered, even including the transgendered, developed a mentally disabled. some is like these progressive d.a.'s are building a force field around people that are arrested. clearly some of them are. but every one of them? >> emily: they are creating the most vulnerable victims who are the defendant. they are putting them in such a tiny box that then we have to protect them. let's talk about

jared bernstein from the national economic council says another one is fear of catching covid-19, our vaccination program are testing program also essential components to creating path when the job market. bernstein says the administration expects omicron's impact on the economy to be temporary. the effect it would have with the increased absences people out for week or 2 because they they call it the more contagious variants reporting in washington. reshad hudson. >> coming up for a take, a live look at the road. conditions heading up to the lake area and let you know how to be ready for the weather conditions. plus, regular body cameras. that's old news. what a local police department is doing to try to ensure accountability and transparency and how a new high technology is >> in the wake of this week's deadly freeway shooting of an alameda county sheriff's deputy recruit officials in the east bay are pushing for increased surveillance along oakland freeways california. highway patrol continues to investigate deadly shootings along the oakland freeways in recent months. and as ken m

now to discuss, he was the treasury secretary for president clinton and director of the national economic councilrilled to have you on. thank you so much. so there is a lot of fear out there over inflation, over interest rates, over ukraine. in your view what do people need to be preparing for now? >> look, we are in a very complex time. we've clearly got inflation of a kind we haven't seen in 40 years. the federal reserve is rightly determined to keep inflation under control, to achieve its target of inflation in the 2% range. history suggests that that's not an easy thing to do and that once inflation has been allowed as it has been, to get to reasonably high levels, it is hard to bring it back without meaningful economic instability. we all want to see the fed succeed and we've got very capable people at the fed, but this is a period of significant uncertainty. it's also a period of significant geo political uncertainty with our vexed relationship with china and the current set of threats in ukraine. it's also, given the degree of division in our country, given the toxic legacy of the previous

economics and public service, the only person to have served as the head of the white house national economic councilresident clinton, the 15th chair of the federal reserve, nominated by president obama, and president biden secretary of treasury. as secretary of treasury, she has overseen critical points of president biden's american rescue plan, including the 65 point $1 billion fiscal recovery fund for all cities, and expansion for children's tax credit, resulting in a 35% to 40% drop in child poverty in america over the course of 2021. she has also been instrumental in safeguarding the full faith and credit of the u.s. treasury, so central to our nations global leadership. mayors, please welcome a friend of american cities, and exemplary of a life devoted to public service, secretary of the treasury, janet yellen. ♪ [applause] secretary yellen: thank you, mayor suarez, and thank you all for welcoming me. more than that, thank you all for your tireless work over the past two years. there have been few harder -- or more crucial -- jobs during this pandemic than being a mayor. local governments have

jared bernstein from the national economic council says another one is fear of catching covid-19, ourgram are testing program are also essential components to creating path when the job market. bernstein says the administration expects omicron's impact on the economy to be temporary. the effect it would have with the increased absences people out for a week or 2 because they call it the more contagious variant reporting in washington. reshad hudson. snowy picture there, the white house as we take a live look outside here. >> at the golden gate bridge, blue skies out there today was really drizzly across parts of the bay area this morning. rainbow weather and rough anyone caught one lucky you if you did. our meteorologist mabrisa rodriguez is here now with details. finally get to see some blue sky and some sun. so what's the chance for next storm system it went again? honestly, justine, chances are looking slim to none. in fact, we're going to track this dry weather pattern for the days ahead. not just through this weekend. >> but starting today we are seeing right now rain summary wit

he's the director of national economic council and joins us from the white house.thank you for being here. we have a very strong economy. unemployment is very low. consumer spending is increasing. but inflation is up, prices are up on almost everything, and it's overshadowing a winning economy. how do you manage that? >> well, we start by looking at this month's data, and getting a little bit under the hood. what we saw was the 0.5% increase month over month was actually a deceleration, a welcome deceleration from october and november. and that was driven by a reduction in energy prices, principally gas prices, which is good news, wells a reduction in the rate of increase flood costs, particularly food at the grocery store. so that reflects some progress. at the same time, you're absolutely right. the price increases are too high and they are affecting family's household budgets and their outlook on the economy, which is why we are focused on the things that we can do to sustain that strong growth that you're saying. sustain a strong economy, a sustainable economic

economics and public service, the only person to have served as the head of the white house national economic councilresident clinton, the 15th chair of the federal reserve, nominated by president obama, and president biden secretary of treasury. as secretary of treasury, she has overseen critical points of president biden's american rescue plan, including the 65 point $1 billion fiscal recovery fund for all cities, and expansion for children's tax credit, resulting in a 35% to 40% drop in child poverty in america over the course of 2021. she has also been instrumental in safeguarding the full faith and credit of the u.s. treasury, so central to our nations global leadership. mayors, please welcome a friend of american cities, and exemplary of a life devoted to public service, secretary of the treasury, janet yellen. ♪ [applause] secretary yellen: thank you, mayor suarez, and thank you all for welcoming me. more than that, thank you all for your tireless work over the past two years. there have been few harder -- or more crucial -- jobs during this pandemic than being a mayor. local governments have

he was treasury secretary for fo former president bill clinton and director of the national economic council we are at 7% inflation and obviously it is a nearly 40-year high. um, and you know, you heard that woman there, right? wage increases to make up fort for the price increases. the problem is when one starts to follow the other. and you have been really worried about innation for a long time. how serious are price increases like the ones we are seeing? >> look. we have a real problem. i think it was a foreseeable problem a year ago, given the amount of money that was infused into the economy. but it took seven years after the vietnam war started to get inflation up to this level. inflation's now 50% higher than it was when richard nixon imposed price controls to stop what was seen as a terrible inflation at that time. i don't think there's much question that we have an inflation problem that's not thought of as simply a transitory issue. the real concern is that we are going to get a wage price spiral in which higher wages lead to higher prices, and higher prices lead to higher wages. a

we had the white house head of the nec, the national economic council director, brian deese, on the showiday. and he had just convened a meeting of ceos, including ford and gm they had ev conversations before and they never invite elon musk, who is leading in this country when it comes to production and selling of electric vehicles which is curious i asked the nec director why he doesn't invite musk. here's what he said. >> why do you not invite musk to these meetings this one, and others that you have had specifically on electric vehicles, when they are on the front lines of producing electric vehicles and the biggest player in this country >> well, i would say this was a great meeting. we had ceos from sectors across the economy. not just the automotive sector but the technology sector, the industrial sector, health care sector all across, and what was really interesting about the perspectives that the ceos were bringing is all of them were underscoring that things like investing in child care or in education, in early education are core economic issues right now. given our need to get

last hour we did ask the national economic council director from the white house brian dyess about itn in the data he gave us a good preview. listen. >> if you think about omicron and january in terms of the number of people that were out sick, we do expect there to be real variations in the data. we're trying to look that, and the underlying question of what the impact of omicron is there's better news on that front and we saw moderation in the data that came out yesterday. i think we need to be prepared for january employment data that could look a little strange and that will reflect -- may reflect as much the way the sample accounts for people who are out of -- out of work on sick leave as opposed to more fundamental sch changes in layoffs in the labor market >> preparing us the markets, skies versus soft numbers out of their report for january no question we started to see that in some of the economic data, but mike, i guess to dees's point, o necmicron is frm the health and economic perspective. the question is what kind of recovery will we see on the other end including pent-up

on its way to recovery and this is what a white house spokesman will demand from the national kind of economic council has to say. we never index too heavily on, in the individual one month of data in any direction. but it would note that we saw in prices from november to december, a decline in the rate of growth of the prices for food at home, which the technical st. food that people buy in the grocery store. and we saw a drop in the price of energy both of the gas pump, but also natural gas and winter heating costs. most independent forecasters continue to project that we will see moderation in price increases over the course of 2022. that republicans continued to insert, set a reason for this massive surge and inflation is the stimulus checks that the democratic administration ah, it is insisting on continuing to pass. so from the republicans that they blaming the administration directly at the bite and administration though, is absolutely adamant that these supply chain issues are the motive force behind it . but beyond all of this, adrian is a very key issue, and that is what cannot be predicted.

in every industry, every region, and across every company size since the pandemic began national economics councily afternoon basically talked about the idea that people who have paid sick leave won't be counted in the jobs report. >> reporter: i think we need to be prepared for january employment data that could look a little strange and that will, you know, reflect -- may reflect as much the way the sample accounts for people who are out of -- out of work on sick leave as opposed to more fundamental changes and layoffs in the labor market >> p 75% of people have sick leave. 25% don't. no panic about a weakening job market or economy if it ends up being negative, but probably no relief from planned fed rate hikes if it is as well. >> it's not just that number that could be one that is affected by this i mean we know this is moving through the country. probably past its peak here in the northeast, but not necessarily the case in other parts of the country again, i focused a lot of missouri this week with the shutdowns there. you can guess what other parts of the country are seeing that we saw a fe

brian d.c., director of the national economic council, he's got to go.he had mig to do with the president blaming meat conglomerates for skyrocketing beef prices, well, he's really got to go. he's been laughed out of court in the economics community. alejandro mayorkas, total failure. he said the border's closed. no, it's not, and he knows it. gotta go. transportation secretary pete buttigieg, supposed to be fixing the supply chain crisis. but after a year, it's obviously not fixed, and he definitely did not save christmas. gotta go. xavier becerra, health and human services, in charge of the fight against covid. he wouldn't be missed if he were fired. he's nowhere to be found. you never see him. if any of these folks had been in the trump cabinet -- [laughter] it's laughable, they wouldn't have lasted a week, much less a year. this president never fires anyone. that's one of the reasons his first year has been a actually your. he tolerate -- has been a failure. he tolerates incompetence. second hour of "varney" just getting warmed up. ♪ ♪ stuart: all ri

wednesday, inflation at levels not seen in 40 years, former national economic council director larrye pandemic to continue growing, president peter struble is here. friday, troubling trends for democrats in an important election year. mark penn with his latest polls, it's all here on "mornings with maria." strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. it's time for our lowest prices of the season on the sleep number 360 smart bed. it senses your movements and automatically adjusts to relieve pressure points. for a prospectus containing this information. and its temperature balancing so you both sleep just right. save $200 on the sleep number 360 c2 smart bed queen, now only $899. plus free premium delivery when you add a base. ends monday on fanduel sportsbook, new customers can bet 30-to-1 odds on any team in the playoffs. so you can make every catch feel like the catch of a lifetime. bet 30-to-1 odds on any team to

see an economic story that will slowdown joining me right now ceo of lindsey group former national economic council here this morning so much to talk to you about, i want to get your take first on macrostory what we're seeing in the workforce, four million people dropped out of the workforce in november. your thoughts? >> yeah i think there's been a real shift in people's attitude toward work, america has always been a bit of a workaholic nation, we've had most last two years sort of enforced leisure i think people decided it wasn't so bad early retirements going twon in household decided one per home isn't as bad you don't need two cars to at out as much someone is at home, certainly save wardrobe people deciding leisure time probably a good thing there is less need for me to work. i think that is going to stay with us. maria: well -- it was partly the fact that they were getting 1400 dollar checks some people thought oh, free money from government maybe better to stay home have gigs make more that way talk to us about political, because we are talking about, consumer nation now at near 40-year hi

wednesday, inflation at levels not seen in 40 years, former national economic council director larryni hotels and restores shrugs off the pandemic to continue growing, president he peter streble is here. friday, some troubling trends for democrats in an important election year. mark penn with the latest polls, it's all here on "mornings with maria." n. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. i always wanted to know more about my grandfather. he...was a hardworking man who came to new york from puerto rico when he was 17. with ancestry, being able to put the pieces of the puzzle together... ...it's amazing. it's honestly amazing. every day i

yesterday we spoke with larry lindsey, the ceo of the lindsey group, former national economic councilfrom the fed and he says once the markets figure out what's going on t fed is going to be forced to take to the sidelines. here's larry lindsey. listen to this. >> now i think the fed is embarrassed and feels like it has to catch up. still i don't think you're going to see rate increases at that imprudent a level. you're kind of walking in the dark still and this is one of the problems with waiting too long. i think the fed is going to probably increase rates four times this year, starting in march. it will be interesting to see if they start their quantitative tightening where they actually start to sell off their assets. but the market is going to react strongly at some point. maria: so what about that? they think the -- he thinks the fed's going to put rate hikes in place. the market sells off and then the fed takes to the sidelines and it will be forced to take a pause. what do you think? >> yes, i mean, that's been a consistent pattern 2015, 2018. the fed overpromises and then unf

we'll speak to national economic council director brian deese about this plan. >>> plus the supreme courtown a major decision on vaccine mandates. dr. scott gottlieb will talk about the plan to buy 500 million at-home tests for americans. the second hour of "squawk box" begins right now ♪ >>> good morning, welcome back to "squawk box" right here on cnbc him i'm andrew ross song along with becky quick and joe kernon we are set to open lots of earnings reports come in the dow looks like it would open higher, 33 points higher the s&p up 2.5 points. the nasdaq locking down again, what's been a tough two weeks now for the nasdaq j.p. morgan results out moments ago. what's the highlight for you, will >> reporter: it's really interesting. essentially the hef new are in line, ahead fractionally 33 billion the forecast was 29.9. the eps pout $3.33 that the forecast was $3.01 you got at bit of a flattering eps because of a reserve release we want short coming into this corner there will be more released where all the pandemic builds in reserves was being released. we have another release of about 1

carte of maryland to be representative of the united states of america on the economic and social council of the united nations, with the rank of ambassador. mr. schumer: i send a cloture motion to the desk. the presiding officer: the clerk will report. the clerk: cloture motion: we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of executive calendar number 649, lisa a. carty of maryland to be representative of the united states of america on the economic and social council of the united nations, with the rank of ambassador, signed by 17 senators as follows -- mr. schumer: i ask consent the reading of the names be waived. the presiding officer: without objection. mr. schumer: i move to proceed to legislative session. the presiding officer: question is on the motion. all those in favor, say aye. those opposed, say no. the ayes appear to have it. the ayes do have it. the motion is agreed to. mr. schumer: i move to proceed to executive session to consider calendar 627. the presiding officer: q

economic anxiety. inflation is already a big problem. and so what the national security councilis telling us in a statement is, quote, we are prepared to deliver severe costs to the russian economy, including its financial system and sectors deemed critical to the kremlin and president putin's ambitions while minimizing unwanted sillover. but that last part is going to be tricky. a senior administration official told me the administration is taking contingency planning very seriously, including, key, holding talks with energy companies and other countries. so jim and bianna, the biden administration has this very unenviable task of trying to hold putin accountable without causing inflation to get even worse. >> right. >> it's a battle, man. it's chess board and a big one. matt egan, thanks so much. >> thanks. >>> coming up, i'm going to speak more about this, including inflation worries, with commerce secretary gina ramundo. >>> first, president biden is optimistic that parts of his build back better plan can still pass. does that mean more negotiations with senators manchin and

economic zone in the sea of japan. was soon after the launch south korea's leaderman j in held an emergency national security council meeting. he says the north is coming close to destroying a self imposed moratorium on missile tests. the u. s. is urging the country to refrain from provocations and engage in diplomatic talks. watching al jazeera still ahead, a church losing its flock while young people in poland are turning away from catholicism . and we may be in denise, the fisherman jail, for people smuggling after rescuing stranded where he got refugee. ah, it is garbage day for you in the lo countries, your bins mego mis and here's why. hello everyone. a fierce wind blowing down from the north sea running and break into the low countries. so for example, in amsterdam, we could see those winds wind up to about 85 kilometers per hour. this is a wind out of the northwest. so you are certainly going to feel that snow is cutting across germany rate through into pull in the czech republic, austria and switzerland. we may see some mixing as well as me, head toward the lower ground. a weather maker in the eastern med is funnel

council - that aims to mobilize social science for the public good. our public in particular help ask the nation how it is progressing by focusing on indicators about regular people rather than focus on economicndicators that we typically see with a focus on gdp. the way we do that is we use the american human development index which is a composite measure of well-being. it combines the latest and best data on health, education, and living standard into one number. that goes on a scale from zero to 10 area so, we use that to tt create scores for racial and ethnic for places and places over time. we did a first report of a trip, you -- of a portrait of california in 2011, 1 decade ago area this report -- one decade ago. this report revisit that and looks at all being and access to opportunity across the state. >> what is the biggest finding with regard to life expectancy? which groups lift longest? -- lives longest? >> asian americans by a significant margin. asian american american baby born today can expect to live 87 years. if she is a little girl, she had that she can expect to live 89.3 years. -- she can expect to live 89.3 years, almost 90 years for asian american women. >> i do notice a

economic zone in the sea of japan. or soon after the launch south korea's leader when j e. n held an emergency, a national security council meeting, he says the north is coming close to destroying his self imposed moratorium. on may sal tests the u. s. is urging the country to refrain from publications and engage in diplomatic talks while japan has condemned the launch and says it violates un security council resolutions. cuckoo method underneath it's unacceptable that north korea's significant advancement of its missile technology is posing a threat for the peace and safety of japan and the region. the consecutive missile tests are also great threats to the international community. the conflicting young men has been raging for nearly 8 years. creating the united nations is called the world's worst humanitarian catastrophe. the ongoing battle for control between who the rebels and the internationally recognized government has devastated lives. billions of people are now desperate for food and medicine with the situation only getting worse as a big has more malnourished but receiving treatment. her brother lost his life fo

the bite and administration's national security council sat on tuesday that it's tools continue to remain on the table if rising oil prices become a threat to the economic recovery. so what does the future hold in the oil sector and for these latest prices? joining us now discuss it's kirk edwards is a former chairman of the permian basin petroleum association plan to have you on as always, kirk, what are you seeing here? pushing oil prices up to near 7 year highs and even at 7 your brand. hi rachel. thanks for having made to me. i think it's more panic than the last week or 2 that you're seeing getting the markets. i think countries companies, airlines don't want to be caught short with having to build their coffers with more expensive crude oil or gasoline. and so you're seeing about a buying going on right now. a senior course at a 7 year high, 7 months. i'm sorry on their inventory, so we're seeing a lot of people buy right now. so i think there's more of a panic boat feeding into this last week to call that price that you're showing right now to kick up to $87.00 a barrel. like rachel said, it was just today. yeah, know, speaking of that panic, we

-- i'm sorry, she worked first bush administration as staff economist for the council economic advisors and deputy national economic advisor in the clinton administration. testifies professor at the massachusetts institute of technology. as vice chair tasked with supporting efforts to empower workers and refocus our economy on main street and make sure all americans have good jobs with growing paychecks and affordable costs of living. that also means supporting efforts to close racial wallet and incomeealth and income gaps that have barely trunk shrunk in decades. only about 15-20% as much net wealth as one of our colleagues once said when we all do better, we all do better. with governor brainard as vice chair of the fed we'll have someone who understands workers create economic growth for commitment to the success of all americans from all walks of life and every rights of the country. it is clear in all the work she's done throughout our distinguished career. acting director thompson has a similarly long and distinguished career in public service and time as acting director she's macon meaningful steps

exclusive economic zone and the sea of japan around 30 minutes later sundays long with young 7th this month. soon after that, south korea leader monday and held an emergency national security council meeting. he says the north is coming close to destroying a self imposed moratorium on the sol, pests souls. ally, washington is urging north korea to refrain from such provocations and engage and talks span as condemned the launch and says it violates un security council resolutions. equivalent done don't. so to go, because what are some commit? north korea is activities, including the consecutive firing of ballistic missiles, is a great threat to the peace of our nation, the region and the international society wiring such a high intensity ballistic missile violates the united nations security council. and we strongly protested to north korea. well, as cos, logged out his soul and speak to young, he is an associate research fellow at the asian institute for policy studies. thank you for joining us. what is north korea trying to do here? what actually no school is trying to do. there are, you know, political statements. so saying that, i mean, be more than $21.00 to allow. it's all ab

nations security council. and we strongly protested to north korea, who county is an associate research fellow at the asian institute for policy studies . he says the launch is more of a cry for attention and economic health rather than a display of military strength. those could as kind of line out that they, they are good to go. and us not interested in those korea anymore. and the china is not factional, north korea, father. so i mean, what, they, what they're trying to do is that, that yet get out of bell, you know, economy, hardship, that the thing is that with coca cola, the situation and this continuity to equally failure. what they need is the, what actually the me tell you, the sanction lifted. and, and what i mean by, by putting those, you know, missile are they, are, they're making us statements. i mean, is this, this is perfect time for last quarter, or do you these kinds of sing thus, that the things that us this right now, you know, in go to the, in the ukrainian issue and i, on issue and china is trying to, you know, get the success for when olympic and south korea while is in those in its own playlists election. so no scalia needs further attention from those country. well, especial

national security council would bring all that together, they bring in the jungle and the team and say what options do we have, what can we do to respond, what would we do diplomatically, economically can we do in cyber? what actions can we and our allies take? all that comes up with a series of capabilities that the president and principals committee would look at. you have hit some key things, critical infrastructure, what do they do? if you hit critical infrastructure and it causes significant damage to this country, i believe it will not go without a response. and what that response would be is where the president has a choice, and the secretary of defense. they can get together and say, what are we going to do? at each of those, the calculation has to go, we don't want another war, but we can't let people president putin take over countries like they did crimea. and we are going to see multiple sites of this, we are seeing it in the middle east and asia and this is a really tough time. and i believe it is going to get worse. emily: we will keep watching, thank you for that morning, general keith alexander, ironnet cybersecurity. netflix is betting big on the asia-pacific regio