and i guess now input on mohammed on the dean of faculty of world studies at the university of fed on instead of eve, gideon levy economist for the hearts newspaper and, and london roxanne farm on for my and professor of modern middle east politics at the university of cambridge, a very warm welcome to all of you, mr. levy. i'll start with you in tennessee. what was as well as message to yvonne with these attacks. the message was quite clear. we can, we might but for the time being really stream. and then the side thing cause a very general message, it's very rare that they can say in some good above, it is only 40 seen. but this is one of the moments in which at least they didn't go winds and did something very, very measure. and i know that by this we are contributing this vicious circle and then the next one, a miss farmer. and so mind israel's national security minister at the my bank of via tweeted after the attack, just one would feeble. what does this tell us about the internal politics and as well right now, and who's in charge? well, i think we have normally seen that the isr

scientists from the university of montelier fed men and women under 30 years old with two types of breakfasts on the contrary, contained little of this component. 2 hours after eating, the participants were photographed, then their images were evaluated by volunteers, they, for example, determined the age of the subjects and chose the most feminine and masculine faces. so, those whose breakfast consisted of fast carbohydrates received the least votes. sweet buns cause sudden spikes in blood sugar levels. and this is according to scientists, can affect blood flow in the skin, leading to subtle but important changes in the face, and, of course, if you do this regularly, the consequences can be even worse. the next news is about exactly this: more than a billion people in the world already live with obesity. imagine, this is every eighth inhabitant of the earth. these figures were published by an international group of scientists. over the past 30 years, the number of adults with the disease has approximately doubled. and the number of children increased fourfold . the situation in russia is als

of the equities universe. that highlights a concern that a lot of the rally in the last little while has been narrow. paul: garfield, the equities universe probably shouldn't be looking to the fedor support at the moment. sick pay cuts for 2024, that is looking fanciful now. what are we looking for easing at the moment? garfield: the market is pricing one fed cut for certain in november, which is been very interesting if that takes place because that means it will be just after the election, i believe. so just one in november, fully priced and then even money for a second one in december. so that is a big change from those six were priced in earlier. the equities market is only really significantly concerned about the rates outlook as the fed made it clear that although in theory, three rate cuts are penciled in, that was the march plot, it is obvious to everyone the best case scenario coming out of the june update is likely to be two cuts, might only even be one. and that is of more concern to the equities market, especially because there is a double problem. one is that earnings look like they are losing momentum, which it -- makes it harder to justify valuations at current l

the national guard is necessary but anti-semitism is sweeping the country and being fed by universities in the economies ofrty. i believe they should bring in law and order and bring in it to protect the students obsolete. 's i think it's sickening to sea him stand with the plot of these actions. i think it support to remember that under donald johnson administration had the abraham accords. the most peace in the middle east our country has seen in 50 years. we would be experiencing this right now. absolutely, bring in law and order and protect these students allow them to go back to school. and if that regards maybe this is good and exposing what's happened in the last brought our years. >> shannon: the prison has said he is against it buddies also against people who don't know what's going on with the palestinians picked los angeles times said it's a terrible idea with history of the u.s. the ohio national guard killed proper unarmed students and we did nine others at a rally against the vietnam war in 1970. clearly no one wants the repeat of those optics. >> know they don't. there's a lot that can be do

fed agriculture. let's talk now to robert mclean and professor of geography and environmental studies at the university of waterloo in canada. so as we heard during the report, this drought is being blamed on the home, you know, effect. can you explain what that is? and why, suspecting this region of africa, as sure it's so naturally occurring climate phenomena that happens once or twice each decade. uh, it started about 10 or 11 months ago and it will be at being later this year. it's initiated when trade winds over the pacific ocean. we can allowing really warm water off the coast of asia to migrate across the surface of the pacific ocean where it cools on, on the west coast of the americas. when this happens, it starts to have an effect on global temperatures and precipitation patterns. so we've seen record high temperatures globally over the last 10 or 12 months. we're also seeing changes in precipitation patterns, particularly in southern africa and western africa. for example. this is a part of the world in southern africa where there is a distinct rainy season that runs from november until april

of an interesting contrast. david: it is a contrast. but specifically on these protests, i mean, americans are just getting fed if up. we just got news that the universityuthern california's canceling its graduation ceremony. i mean, that -- these ceremonies are say a cred particular particularly for the -- sacred particularly for the parents, many of them to who have spent their life savings sending their kids to school. this would be the crowning achievement, to see their kids graduate. they're not going to get that joy anymore. i know the president's trying to make sure that he doesn't displease the air a wrap voters in michigan, etc. -- arab voters, but he's got to be careful because i think most americans are pretty solidly against what's going on at these campuses. >> yeah. and i agree with you that these parents must be if outraged sometimes especially if jewish students where they don't feel safe on these college campuses. and for people who are graduating this year, remember, four years ago was covid. and so a lot of them were locked down, they were not able to go to class, and so they start with covid lockdown and then they end with these prot

university, right? actually encouraging the fate of controversial issues instead of just being force fed, whatever ideas are rattling around in the minds of both professors. right. kind of a nice opportunity think, well, except if you're one of those narrative gatekeepers and it turns out that at least one member of the center right establishment, the vice president, a former president of stuff with each party may say to the town is pretty serious about that idea, if the data is just where to continue, rather than supporting the management of the government, does, the government should stop public funding. it signs as bo, we're going to finance a school which has become the place of the country, isn't. it makes charles laughed, isn't as long as and which legitimizes anti semitic remarks and acts of violence. okay, so he doesn't want there to be a debate question, israel's actions, and it's using a bunch of name calling to the rail. it in favor of creating a guess, a safe space for the kind of rhetoric and ideas. the guys like him and the establishment . find the acceptable. we're talking about the talk

of peace with the crowd. [chanting] >> i believe we came here to bring a different narrative. >> americans are fed up with anti-semitism on our university campuses. >> harris: that very worship leader sean foye, thank you for being on the program. first of all, just describe what it is like to be out there among those people who were shouting israel go to hell and some of the things that we could hear from different crowds already across the country now. >> yeah, the vitriol and the violence and the calls for killing of the jews, the calls for -- we heard it all. it is unbelievable that this is being allowed to take place, this rot of anti-semitism on these university campuses. i will say this, there is more that are with us than those that are against us, though. i think we showed that a few days ago at columbia. >> harris: when you say there are more who are with you, at this very hour we're waiting for an ultimatum that the school has given the students inside the camps. i don't know what they will do about the reported insurgence who came into those organized and paid for tents. they have until 2:00 p.m. today to get out. what does

. >> the pce is the fed's preferred measure of inflation and so what that comes out to be will impact markets. but we also get gdp reports on thursday and we get the university of michigan numbers on friday as well. when we see inflation expectations continuing to rise, i think that could be a bigger problem for the fed. >> cameron, how do you see the pce report on friday? and the same question, the idea whether this market quote/unquote needs rate cuts. >> the market doesn't need rate cuts if growth remains strong. we think the thing that has underpinned this rally is the fact that gdp estimates keep going up. if the fed is cutting for the wrong reasons because we're starting to cut estimates then rate cuts may not be a good thing for this market. when it comes to the pce hot data would likely push yields higher and likely cement the fed talking hawkish next week at the meeting. so the pce remains important we're watching the two-year treasury closely bumping up against the 5%. hot pce, maybe we break above it. >> cameron says gdp estimates keep going up, the problem is earnings growth estimates for this quarter keep coming down. is that an issue? >> it's t

university of maryland economist peter morici. peter what is the worst that could happen, if the fed would say okay we want to still cut in june or implications? >> you just have inflation above 4%, unless there is a change in the macro conditions that we cannot foresee. one of the things to recognize monetary policy is not tight right now. the rate of inflation is 3.5%. there is no reason to expect given the fed's behavior that 2 will be much lower in the foreseeable future. at the same time the treasury rate, the 10-year treasury rate is about 4.7 today. that's a 1.2% real yield. the real rate of growth, potential rate of growth in the economy is now well above 2% with all the immigration and with a.i., it is probably above 2.5 and that's where the real rate of interest should be. the treasury rate rising is the process of the market tightening for the fed but it's hardly enough. this, i said when they raised rates they weren't going far enough, they were not emulating veal kerr enough. now they're paying for it. charles: right. and to your point reading the between the lines a week ago, dallas fed president lorie logan she ope

say we have kenneth rogoff, harvard university professor of economics and share of international comics, along with david westin. david, a timely conversation as the feduesday meeting -- it's meeting -- its meeting. david: thanks for being with us. you have a paper co-authored talking about long-term low interest rates. first, we will have the fed make a short-term decision presumably this week. how does that fit with long-term interest rates? how should the fed take into account what you are saying? kenneth: long-term interest rates are higher for as far as the eye can see. that probably means what they think of what is their target is higher than they had been thinking, and some of them still seem to be thinking. it collapsed after the financial crisis and there has been some reversion we have seen in the long rates and i am not sure the fed has entirely figured out some of that will happen with the short rates as well. i think one fed governor said we thought we had two feet on the brakes but we seem to only have one because interest rates are not as high as they seem. david: how much influence does the federal reserve have over long-term interest

of the most extreme form, unfortunately. hoggart died very young and bower, after being finally fed up with marsh. and i think part most of the students relocated to clark university in massachusetts and then got a professorship at unisa's chicago, which at that time was a new institution. but between his really heavy bavarian accent, his extremely nervous personality wasn't exactly a great success with the students there. but he continued to publish quite a bit on mostly present day animals, anatomy, reptiles of mammals and so on. but at some point you just tore it all down and relocated to germany or or came from munich. he went back to munich, but that his psychological issue deteriorated to such an extent he had to be committed to asylum where he died very soon. barbara and wallace went on to be very successful. paleontologists in their own right. wallace as the assistant, had actually already done a lot of work in kansas, a field collector, and helped collect some of the great jurassic dinosaurs. but because marsh wouldn't let him work on any fossils, he decided to study flies and he became the leading and even to the state leading authority on north american

university here in the nation's capital. what's the latest there gave well-fed is day five of the camp here at gw, but tension seem to be hitting a new high overnight protesters ripping apart and piling up all of these barricades. they said it was to liberate this section of the camp right here that was surrounded by those barriers. there were only about 20 protesters or so left here on gw's campus. and the early hours of this morning. but as we give you a one at view of the university yard here, you can see all of these new tents that have popped up. it appears that dozens of them. and this is all gw's property, then there are more than a dozen tents that have been erected on h street, which of course is the district of columbia, not gw property wolf. the big question this morning is when if at all, will dc's police department, metropolitan police, come in and clear out this protests and potentially arrest many of the protesters. a sources for days told me that police really don't wanna do that. they don't want the optics of arresting protesters, given that so many of told me and others that they're going to stand their ground

remarkable since the covid crisis is how the fed and global central banks have never lost inflation credibility. if you look at inflation expectations from the university ofichigan or break even inflation, they have been remarkably fast and fading inflation much ahead of the realization. it shows you inflation credibility from central banks there. the rate is high for central banks to step away from the inflation target because so far they had a lot of benefits from that. >> when you talk about the portfolio and one what should be doing on the back of this, it comes down to europe and asia and the u.s. let's take the u.s. with the 60/40 portfolio hasn't worked well because the relationship has been tight with the two asset classes. now we could have a higher for longer situation with rates in the united states, potentially a little more volatility in the equity market and as a result, what would be the ideal portfolio to be able to buffer against the risks if not 60/40? >> 60/40 was not a great portfolio because equities go up with bonds. it was a good portfolio because when equities don't work, the bond market works. that will still be the case. the reas

interesting information from the university of michigan's survey that shows people think that inflation is still going up on a one-year basis, up to 3.2% from 3.1%. the fed is not going to like that. no change in the five to 10 year inflation at 3%. consumer sentiment is down more than anticipated. 79 for current conditions. expectations, 76. all of those are lower than the preliminary numbers and the numbers last month. something is bugging people out there. inflation might be it. looking at what we got from the pce today, it was unchanged basically from the forecast. .3% for the core. .3% for the headline did have an effect on the overall year-over-year numbers. the question was, did we see a big jump in margin? we did not come which makes people happier. incomes come in higher than anticipated. spending, higher than anticipated. put it together and you have a situation where the economy is strong and inflation is still sticky. katie: wrap it together. what does this mean when you think about the fed meeting next weekend beyond? michael: not much for the fed meeting except it will shape what jay powell says in his news conference as he tries to give th

keynote address at a stanford university forum as concerns grow on wall street, that progress on inflation has stalled. powell says the fed is trying to balance the risk oft rates too early or waiting too long, both of which will have consequences. he says more evidence is needed before policymakers can move in either direction. >> we do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2. given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy. >> the next indicator will be when march jobs report is released this friday, along with new inflation data next week. the white house is now reaffirming its commitment to covering the costs of rebuilding after the francis scott key bridge collapsed in baltimore last week. that disaster upended operations at the busy port of baltimore, a crucial link in supply chains along the east coast. a temporary channel has been cleared now for ships to pass through a section of the river, but the port is still far from operating at full capacity. >> o

university forum. as concerns grow on wall street, that progress on inflation has stalled. powell says the fed is trying to balance the risk ofrates too early or waiting too long. both of which have consequences. he says more evidence is needed before policymakers can move in either direction. >> we do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2, given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy. >> the next indicator will be when the march jobs report is released this friday, along with new inflation data next week on wall street. today, markets were mixed. after yesterday's declines. the dow lost 43 points. nasdaq finished higher by 37 and the s&p ended up nearly six. stocks have broadly slowed their roll since rallying from november through march. >> still to come, more outrage over the israeli airstrike that left seven aid workers killed and calls grow for a cease fire. >> no. right on red. coming up, san francisco bans the practice at

university forum. as concerns grow on wall street that progress on inflation has stalled. powell says the fed is trying to balance the risk of interest rates too early or waiting too long, both of which have consequences. he says more evidence is needed before policymakers can move in either direction. >> we do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2. given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy. >> the next indicator will be when the march jobs report is released this friday, along with new inflation data. next week. >> coming up at 11, a north bay hospital becomes the victim of a cyber attack. how that hack is impacting patients. >> and barry, whether the cooler system already moving in some gusty winds, some cloud cover. tomorrow the rainfall makes a comeback and we'll have more in your forecast coming up. >> but first the state launching a new youth suicide prevention campaign. how young californians are shaping this initiati

university of michigan survey. just call jon and then he will like the survey. at a certain point, will that feature some of the fedn: i have looked into that before, the questions they ask. i want to speak to the people who put together the report. what are the five-year inflation expectations? 10. >> you are going to single-handedly skew the results. jonathan: i walked past the garage the other day and saw gasoline at four dollars and that is it for me, 10% from here. is that how it works? >> i understand it is arbitrary. how do you survey people and have this number that is actually relevant? it is a good gauge of sentiment and it does feed into it and reasons the fed was concerned about inflation. >> the fed moved on this once, which i thought was ridiculous. they have moved the goalpost how many times? are we on quits now? is that the data that matters? >> i file little bad for them. -- feel a little bad for them. this is a difficult economy to understand. how do they communicate that? jonathan: equity futures right now just about unchanged. price action is shaping up as follows. who are you, feeling bad for t

have this crisis dozens of arrests at universities overnight as colleges, police, and politicians take sides, we have to bring order to these campuses. the american people are fed up. >> how should liters? >> respond? vermont senator bernie sanders joins me, then los angeles mayor karen bass, and virginia governor glenn youngkin. and sounding off, president biden hopes donald trump's legal troubles, drought was that she trump days lately, you might call it stormy weather. >> but what does a brand new cnn poll reveal about those states? if the race, our panel of experts is here plus order in the court with more delay, likely in his january 6 case, residents have to have immunity our trump's legal and political strategies working south carolina senator lindsey graham is next hello i'm dana bash and washington where the state of our union is deeply divided. we'd begin this morning with new numbers in the presidential race. donald trump is spending hours each day in a new york courtroom in his criminal hush money trial. but on the campaign trail, a brand new cnn poll well out this morning shows trump's sustaining his lead over president biden, among registered vote

of yesterday, although they also say there's no rush to cut. inflation is heading lower. the markets will be paying close attention to a speech by feds chair jay powell at stanford universityater on this afternoon. joining me no break this down is the lead equity analyst at lansdowne. is there an expectation that the fed could, could be a little bit more on the fence about this than we thought previously? >> hi, there. good morning. funda fundamentally, yes, i do. i think this remains the biggest risk at the moment to evaluations as in march, things are moving in the right direction. we've heard a little bit of language loosen slightly around the optimism and the potential for cuts, but, frankly, the market's behaving in a way that is certain, and we're simply not there yet and i don't think that is going to change any time soon. >> if you feel that's the case, the markets should be acting to the you up side kind of like they've done the last couple of days. to we feel there's still a downside risk to the market based on what we saw in yesterday's session? >> i think there is potentially some, absolutely. i've said this before really. i think that actually the phase that w

of queens college at cambridge university. play-by-play commentator, that's kind of harsh. you're not usually like that. >> well, it's because of the amount of volatility in the marketplace. the fed should be the strategic anchor to this market and leave the play toplay commentary to others. what we found with 19 federal officials speaking, we have -- they've become a play-by-play commentator, and we saw last week what that does to market. it imposes an unnecessary amount of volatility onto it. >> that's because we feel like we're at an inflection point, right? it's one thing for everybody to be talking when we kind of know the direction of things but i think everybody's looking for any cue anywhere to try and figure out what the fed will do next because it's unclear. >> yeah, there's a couple of things going on. one, i think the wholenotion of transparency is being implemented in the wrong way. i'm all for transparency, but it has to be in a way that fulfills theobjectives of -- >> transparency but nobody's allowed to talk? >> talk, but talk with a longer term view, don't talk on every single change, and the other thing, this fed unfortunately has become excessively data depende

and the fed let's bring in cnbc contributor tom lee who is a co-founder and head of research at fundstrat and profess ragu, governor of the reserve bank of india, professor of univcollege universityrt with you, incredible just to see how quickly the market narrative has changed from expecting a rate cut in june to some economists saying not at all this year. you've been in the seat that powell is in, different country, india, but how you think he navigates this complicated scenario we're in, hotter economy with the inflation remaining much higher than expected and at the same time rates also staying higher, the impact that could have on consumers? >> yes i mean clearly we've had three strong readings of inflation, one you can dismiss, the january one, but the next two basically suggest inflation is not coming down in fact it's going up. if you looked at the mueasure te fed has looked at the super corps measure of inflation taking out housing it's gone up 8.2% rate over the last three months this is something to worry about. is inflation coming down steadily as it seemed at the end of last year or is it having a new set of legs and moving up? so my sense is, you know, they're goin

university of memphis football plays. violent crime is a major issue in the city. police data shows memphis had nearly 400 homicides last year. i do record countless people who live in the city are fed up with the crime. >> they need to take the guns away. take them away. stop killing each other. stop doing it. >> video circulating around social media of the block party it shows a giant crowd of people in the park. one video actually shows a sports car doing donuts on a basketball court. then you can start to hear continuous rounds of shots being fired for another video shows a several people in the crowd appointing a large guns in the air. one woman at the crime scene last night said something has to change it is calling on city leaders for action. >> this is ridiculous. this is ridiculous. until we really come together this is what we are going to have. i don't know how were going to get these "guns out" of their hands there are too many. >> no word yet on a motive as mentioned police are still looking for suspects they believe there are several in this case back to you guys. eric: alright medicine thank you. arthel: no word from president biden on israel's retaliatory strike on i

university. what is he saying, steve? >> reporter: if the economy evolves as expected, it will be appropriate to lower rates at some point this year, but the fed chair speaking at the stanford graduate school of business says it will not be appropriate without greater confidence inflation is coming down. he cites the fed policy statement in making that comment. he said the fed has time to let incoming data guide its decisions and the policy rate, though, is likely at its peak. that's the good news. inflation, he says, has come down significantly, but it is still running above the fed's 2% target. the job of sustainably returning it to target, quote, is not yet done. then he talks about the recent economic reports on jobs and inflation. they have come in, he says, higher than had been expected, but they do not, quote, materially change the overall picture. so what he's looking for is he sees solid growth in the economy, labor markets rebalancing, getting a little less tight in the labor market, and inflation will be moving as is forecast to that 2% target. but he cautions it is too soon to say whether the recent inflation readings represent more than just a bump on the road toward that 2% targ

fed her prepared testimony before she was there in front of the cameras and stuff. there was a passage that really stood out to me and it said something like, please remember university of presence are not politicians, which i knew was sort of wishful thinking like that, other people get to decide if you're a politician or not. but i think the reason that was sort of baked into the statement was that that has been the real problem you become a university president by virtue of a number of things may or b, or academic experience the work you've done for the university, but it's not usually because you have a decades-long record of political training and at least they have had sort of a crash course in cr aftert happefore. but even so she ran into some headwinds today. >> yh. megan columbia says 's firing one professor hired after he posted support for the hamas attack on october 7 colombia and condemned a tenured professor joseph mossad, who described hamas is tober 7 attack as a que, stunning victory in an online article. but he l s a job. i mean, tenure stil exists. i want you to listen to is exchange with republican congresswoman, at least defining like of new york

feds to tear down black slums. sometimes by riding highways through them. but there were other means. and then a batch of federal money to build projects. the university of alabama birmingham was built on it, formerly black neighborhood. when i was in birmingham, i saw it happening, but i didn't fully understand it until i took allawi's course in graduate school, there were two neon intended consequences. why haven't we looked? the deliberate decisions made by city officials in the fifties and sixties. to use federal money to tear down through urban renewal. and then build up the projects. well, great question, question. i am trying to look at that in my new book, which is called the project a new history of public housing, which will be published in the fall by nyu press. it's not on par with the of black progress but i do try star it. and so this the poor side of town. yeah. well i appreciate you but but it's fascinating. i think the average person associates public housing with chicago new high rises hundreds of small towns across the south have public housing authorities. and it's exactly for the reasons that you put put local officials and cronie

fed that wants to cut rates. the question is what we start to reach a point where they should is creeping back in, we didn't see that with the university ofon expectations were not coming up so it doesn't seem like that is pressuring them. if that changes, how much does that change where the emphasis have to be for the fed that has to deal with the mandate of ringing inflation back to 2%? jonathan: just two weeks ago he said this fed wants to cut, will the data cooperate? we will see. what is happening with brent and wti, getting very close to 90. wti for 85 early this morning. we've seen that development over the last month or so. gold, six-day winning streak. anne-marie, another all-time high on gold as well. the commodity market breaking out. what it's curious to me is the recipe for a higher crude price was there in october, it was there in november, it was present in december and we ignored it. if last month that is all coming together as we start to break out. annmarie: one of the bee thing analysts were saying with that supply actually wasn't impacted after the october 7 attack now when you have this escalation which everyone is ta

university of michigan consumer sentiment data and it is a miss. 77.9. the estimate was around 79.9. breaking it out a little bit, year ahead inflation expectations, which we know the fedo 2.9% last month -- excuse me from 2.9% to 3.1% this morning. you never want to see that number go in a higher direction. although when it comes to consumer inflation expectations, a lot of is influenced by energy prices and oil prices have been moving up. you see it at the gas pumps and that's been a problem and has fed into the inflationary worry lately. that's where we begin. this is a week where, you know, january and february hotter inflation numbers were taken as okay, there's some seasonal issues. let's wait for march. we got the march cpi and it was disappointingly high, and that has led to a complete rethink on wall street about how many fed cuts we're going to get, whether we're even going to get cuts this year. you heard from larry fink head of blackrock on with us, he's been saying for a while inflation will remain sticky and here's what he says about the prospect of getting back to the fed's target. >> i think 2 is a hard number. we have restructured how we frame our econ

on in columbia university and other issues with speakers going there to talk to jewish students, i think, i think a lot of it have been -- i think a lot of plane palestinianans have been fedth the bombing in israel but i think the issue of what happened in october 7 is a very horrible issue that jewish americans have been dealing with. i hope they are able to find a middle ground solution. and the problem with these two crisis, people are using them for different issues of political things. but the sad thing what's going on in israel is you deal with this fight over the hostages. and it's getting to the palestinian issue and both have really strong gripes that are fair. but also i feel that what's going on with some of the students in some parts of the palestinian community and supporting hamas, i don't think they realize how iran in that issue has basically used it as an issue to go out jews and a form of anti-jewishism that is very wrong. host: martha, akron, ohio, republican. martha? caller: yes. i wanted to talk about something positive. it's so negative right now. but it's the opportunity zones that were put into place under donald trump in 2017. it is a work, a tax

fed's rate path the personal consumption expenditures data will be released and we'll be on top of it "squawk box" will be right back. >> announcer: sectoromics is >> announcer: sectoromics is sponsored by >> universitynd global campus isn't just an innovative state school, it's a school for real life, one that values the successes you've already achieved. that's why at umgc, you can earn up to 90 credits toward the bachelor's for prior learning and life and job experience, why we offer scholarships and affordable tuition, and why we have online classes and the support you need from your first day to graduation day and beyond. no application fee if you apply by may 31st at umgc.edu. >>> moderna is betting on artificial intelligence joinings forces with chatgpt, openai exposure to a.i. chatbots. joining us to talk about the evolution former fda commissioner scott gottlieb and also a cnbc contributor and serves on two boards and doctor gottlieb, we should point out you're an expert yourself in this launching your own company this week, an a.i.-based drug developer you all have raised $1 billion for? >> right backed by venture capitalists with a partner drug developers have been making use of a.i. toop