annmarie hordern has read the document. we are beginning to see nuanced opinion. nyone defending the president? annmarie: it is hard to find someone defending the president. i have spoken to some congressmen, especially the gentle men from massachusetts, the congressman who served in afghanistan. he said it is time we should be leaving the country. this is the debate. we need to draw the distinction. the administration wants to have the debate on whether the-ites state should have troops on the ground in afghanistan. this country has debated that for years. the debate many in washington want to have come and you saw that from senator bob mendez, with the state a letter to the administration, is about why was this withdrawal so chaotic? tom: it is a look back. with your work to the press conference, there is trying to be a look forward. what is the look forward this morning for the biden administration? annmarie: the president returned from camp david yesterday evening and today we know the president will have a speech on covid. covid is certainly an issue for this

annmarie hordern, great to catch up in our correspondent down in d.c.couple hours' time, we will have an inflation report in america, and lisa, almost immediately, that inflation report were filtered through this market, but down in d.c., it gets politicized really fast. lisa: all republicans want to talk about, it says a lot. this is the key argument against the $3.5 trillion spending plan, against some of the other initiatives that president biden is going to lay out. i think the idea of trying to pin this on oil is perhaps a bit narrow, because what we are looking at is pretty broad-based price increases across the entirety of the economy, and, frankly, you can cater to the oil story, but it really goes to the supply chain issues, the fact that we have an increase in some of the delta variant prevalence around the globe. it is not going to end that quickly. jonathan: this is the issue, these are the words, tom, a higher inflation rate now, driven, laying the foundation for high prices in the future, shaping the so-called inflation process. are we sta

joining us is annmarie hordern, bloomberg washington correspondent. are five days away from the event. how much does this impact the efforts to get americans come to get british and afghans out? annmarie: it is a very unprintable situation right now, given that we have the situation outside the kabul airport, with the pentagon confirming that news on the heels of the u.k. on the u.s. really in the middle of the night sending down a security alert to all americans, u.k. nationals, as well as other allies to stay away from the airport. british prime minister brett johnson answered a question about this, but the worries of a potential terror attack at the kabul airport. i believe he pointed to isis-k as the reason. this is what u.s. officials have been saying. the reason they didn't want to extend that withdrawal is because of what is happening in kabul with the sworn enemy of the taliban. the question is a very good one, given what is happening in this explosion. how do you continue some of those civilian flights before you even start to wind down the a

we turn now to annmarie hordern.k at the infrastructure bill, and what is so telling to me it is it is nowhere to be found in the debate of the zeitgeist. we had a vote. policy -- pelosi won, and it is gone. how gone is the introductory bill until september? annmarie: you make a good point. the is really prime minister is visiting today and having a meeting with the president, but we are seeing a little bit of scoop come out in terms of what the house and senate and these committees are starting to draft up in terms of language. overnight we heard about one about conservationism when it comes to natural resources. some house democrats want to spend some $30 billion. some of that, they would get that money between eleanor proteins and royalties on oil and gas and pipeline companies. as we lead into september, you're going to hear a little bit about where these democrats are moving in terms of what is going to be the detail of that 3.5 trillion dollar package. but nothing is going to be set in stone until september. to

annmarie hordern, thank you very much, indeed. let's turn our attention to what is happening with the vaccine story. moderna reporting second-order earnings. revenue beating expectations. this as the company says its covid vaccine remains 93% effective six months after the second shot. this is significant. drew armstrong, bloomberg senior editor for health care, joining us with all the details. drew: yes, this is fantastic news. i just want to offer a one note of caution here. we have seen one topline number at this company, and i think as we all have learned with every bit of vaccine data, we really do need to see the details if we want to know exactly how this performs against some of the variance that people -- the variants that people are concerned about, and get a better sense of how truly robust in the population and what all of this means. that is the information we will be waiting for and watching very closely from the company. that said, i think it is pretty fantastic news from a vaccine efficacy standpoint, at least what

joining us is annmarie hordern. what is the procedure? annmarie: a lot of pressure on the president on afghanistan. domestically, it is at a standstill. we heard from speaker pelosi over the weekend and she was outlining a procedural vote away that they could vote on a bipartisan infrastructure package in the democrat only reconciliation package. we are hearing pushback from nine moderate democrats saying that is not good enough. we want to vote on this so it can become a law. we will have a call tomorrow with speaker pelosi, the democrats are, and they are coming back next week to vote on this resolution. house moderates are saying when we come back we want to move the bipartisan infrastructure package forward so it can become law. we are in the same place we were when i spoke to you on friday. guy: not a lot of movement forward. thank you, annmarie hordern, joining us from washington, d.c. economic data, china's economic activity slowing more than expected in july. further risk to the recovery hit by floods and the faltering global story

let's bring in annmarie hordern for more.oe biden here, sticking to his guns, not willing to give an extra time to get evacuees out. >> yet, and actually what that does with the timeline in terms of evacuees is it just brings it forward. it's going to be less than a week now. if you consider it is nearly 10:00 p.m. in kabul. basically they have to get all the americans, all the afghans that are able to leave the country out, because they also have to leave a few days before that august 31 deadline to make sure they can wind down the military presence. right now there's about 5800 u.s. military on the ground. but there's a clear reboot from what we saw from the likes of you caper minister boris johnson, he was going to be one of the staunchest call to the president, urging for the extension, as well as french president emmanuel macron, he also wanted to ask for that, but the president is a sticking to the timeline, so august 31st is the deadline. >> and we know the cia has met with top taliban officials, as well, in couple. th

matt: thanks very much, annmarie hordern, reporting live from the white house.n away from pennsylvania avenue and back to the fed. we should be paying close attention to what comes out of jackson hole tomorrow, we're chairman powell will make his remarks virtually. mike mckee had a chance to catch up with kansas city fed mr. george who struck a hawkish tone. >> it is important to center on when we believe the progress in the economy is sufficient to start that process. that is where i'm focused. in that sense, we should get started this year so that we can begin to pair back the amount of accommodation, watch to see how the economy unfolds after that. matt: george was not the only one to speak out about tapering at the federal reserve. the bank of dallas federal reserve president robert kaplan and st. louis's james bullard urged policymakers to move quickly to slow asset purchases. let's welcome in lindsey piegza from steeple. what do you expect to hear from the fed tomorrow, how do you think markets are going to react? the chairman will strike an optimistic ton

bloomberg washington correspondent annmarie hordern has more. is this going to work? annmarie: it is a very good question. the timing is interesting because we are not due for an opec-plus meeting in about 20 days or so, and the group just met. as they pointed out in the statement, they decided to bring back some of that production during the pandemic, to the tune of 400,000 barrels a day. in increments. what is also interesting is that this came hours before the ppi report, and i spoke to bob mcnally, a former bush energy aid, and he said this is putting the biden administration under pressure at home with inflation and the galloping gasoline prices being the most visible for consumers. this does seem to be a domestic push. one russian official i spoke to said that it was not polite to get involved in other people's discussions. we are polite people, and what they see right now is that demand is fully satisfied. guy: thank you very much indeed. interesting on these stories as well. annmarie hordern joining us from the white house. staying in d.c., the senate passing a

annmarie hordern is aware this.re are 14 things to talk about, but maybe what we ought to be talking about is a pentagon officer gunned down to the pentagon yesterday. there is no other topic than crime. is that even under discussion in george washington? annmarie: it is not. to be honest, when you have headlines like that, you get worried at the moment and then go about your day because sometimes it just happens weekly, almost monthly. there was a shooting in washington, d.c. about two weeks ago, right by the lead diplomat. what you're referring to is the rising crime in urban areas. urban areas are led by a lot of democrats. what you worry is for the democratic party and what they are trying to do is get tougher on crime. republican see this as an opening for the midterm. tom: one more question on this, nixon did this in the early 70's. he nailed this dialogue. there is not that nixonian dialogue. annmarie: there is not this dialogue right now. but there are 14 other issues on the rise right now in washington. the

our bloomberg washington correspondent joins us now, annmarie hordern. you put scope and scale as to what is going on at the couple airport. you saw that we saw we would -- we saw you working nonstop this week and. are we halfway through that ordeal? a third of the way? where are we this monday afternoon in kabul? annmarie: it is incredibly hard to judge. the situation at the airport is fluid and precarious. we heard from the president yesterday they are extending operations to make sure they can get americans securely to the airport. but for security reasons they will not detail those technical changes. what we do know is more than 30,000 people have been evacuated since august 14. what is going to be more hazardous and potentially what could be a risky operation is the extension of that deadline cast august 31, which the president acknowledged yesterday. we are seeing reports that the taliban will not have that extension. tom: art of this is the renewed geography of afghanistan -- part of this is the renewed geography of afghanistan, the northern allia

joining us with more is annmarie hordern. annmarie: as you say, u.k.rime minister boris johnson is one of those european leaders to try to push for this extension of the deadline, but he's not the only one. he will be joined with the germans and the french. we heard a similar tone, that they want to have that extension to get all of their people out, and they don't think there is enough time. we should note an individual in the president's own party, adam schiff, who yesterday got a classified briefing, said he did not get was likely you could get everyone out. the problem now comes with the taliban and what they are saying , that after august 31, there could potentially be some conflict if the u.s. stays. that brings us to the "secret meeting" that the press now all know about between the president's head of the cia going to kabul to meet with the taliban, and potentially this meeting, that timeline was discussed. guy: it is going to be interesting. at the moment, certainly the taliban indicating that that deadline is intact. we will see what comes ou

paul: let's bring in bloomberg's annmarie hordern at the white house for more. already chaotic evacuation process just got even more chaotic. what was president biden's message at the white house? annmarie: absolutely tragic today, the number of fatalities, especially the 12 service members, certainly heavy on the president in his remarks this evening. he said he was both heartbroken and outraged, those emotions clearly on display in the east room. first the heartbrokeness, he even had red eyes when talking about his son, and how his decisions when it comes to being commander-in-chief way on him personally as a father. and average, you heard it -- "we will hunt you down and will find you." the president talking about isis-k which is intelligence community excesses is responsible for those attacks outside the airport. sophie: is he keeping more troops inside afghanistan? annmarie: he did say early in the week that if they had to add more troops, he directed the department of defense and the state department to draw up contingency plans. so he left the door open b

i want to bring in the editor of "the longmore journal" and our correspondent annmarie hordern. rscore the significance of what the resident said. annmarie: an emotional speech but a tough one as well. his statement that we are outraged but part broken got to the tone of what he was trying to convey. he talked about his son beau and the weight of these decisions from a personal perspective, but also that we will hunt you down -- he was talking to what his intelligence committee assessed combat these explosions and terrorist attacks outside kabul airport were done by isis-k. we didn't hear anything in terms of the extension of the withdrawal date. it seems they are trying to get everyone out by august 31. emily: evacuations happening as we speak. the president saying we will find isis leader's wherever they are. there is no evidence they colluded with the taliban. does what the president said explain what we have seen it all from this exit and what is america's longest war, which is still going on? >> yes, look, his focus on isis-k -- the president has basically relied on a terror

annmarie hordern joins us. what is the situation between moderates and progressives right now? nmarie: it is going to be an interesting balancing act for speaker pelosi. it is going to be later this evening. it is just a procedural vote on moving forward the bipartisan infrastructure agreement and the budget resolution, which is the framework to that three point $5 trillion democrat only package. tomorrow will be a little bit more of a showdown. this is where you are going to have the moderates and progressives really fight it out with mansi pelosi about how exactly this should go forward. the moderates, in their opinion piece in "the washington post" last week, saying time kills all deals. we want to move on this asap. but speaker pelosi is not there yet. speaker pelosi saying these moderates will get on board with a budget resolution, or they won't vote yes until they know that bipartisan infrastructure is going to move up the timetable. it is really all in the numbers. speaker pelosi can only lose three votes. you have nearly 100 people in the progressive caucus, and nine of

annmarie hordern joins us this morning. annmarie: he is still in camp david.hose pictures circulating on twitter, briefing with his team virtually. that is where we know as of now where he will stay. what is critical for this administration is to make sure all u.s. personnel get evacuated from kabul. you saw the scenes of what happened at the embassy with the flag coming down on the u.s. embassy, and what we heard from the state department is that we do have all u.s. personnel, diplomats, security at the airport. to make sure they get evacuated as well as the afghani's, that a lot of american officials gave their word to get out of the country. that is the chaotic scene right now, at the kabul airport. that is going to be priority number one. jonathan: the number one question i heard asked repeatedly over the past week, whether it was military veterans or armchair generals -- they all asked the same question, how did this happen so quickly with little or no resistance? annmarie: it is a very good question. there will be days, weeks, if not years dissecting all

more headlines from annmarie hordern. the pentagon briefing was supposed to take place at 10:30. w when that will happen? annmarie: we don't know when that briefing is going to happen . obviously the pentagon is likely trying to take stock of the situation on the ground before they start briefing the press and the world. at the white house the president of the united states was in the situation room when the first explosion happened. he probably remained there. we're unclear where he is right now, but probably in the situation room. following on that he was supposed to be sitting down with the primerica -- the prime minister of israel. there a lot of israeli journalists for this event. that has been delayed. the key focus of the white house is clearly going to be on this airport. who was responsible for this, how many casualties, and what is it mean for the evacuation to get this mission done by august 31? at the moment everyone is behind closed doors waiting to hear them greet the press. francine: we are also hearing from the taliban blaming americans for the crowds and the chaos

tom: and marie -- jonathan: annmarie hordern, thank you so much.om: come on, jon, how can he aggregate his -- how can he abrogate his contract? jonathan: forcing a change, tom. going to a different program. it is the early start. tom: full disclosure, i was not bragging on tencent and the opening of gains. lisa and i have been going back and forth. it is a pendulum of parcheesi. these kids have to get off their games and get back to real boardgames. in the summer you wasted an entire summer playing parcheesi. jonathan: lisa, the floor is yours. lisa: i've spent so many hours playing parcheesi, i've gone cross eyed. you try to get your pieces into the homebase and you have four or five pieces. the pandemic hit, and we outsourced parenting while you try to work to videogames, which is an opium or drug or whatever the chinese official media -- they are not wrong, we just don't talk about it too loud. jonathan: the fact that it got pulled so quickly in the online edition speaks to maybe the reporters got -- took it a little bit too far. that is what we

our annmarie hordern is at the north lawn.d it up, charles dickens visiting that north lawn in 1842 said there was no confusion or disorder. measure the confusion and the disorder at the white house this morning. annmarie: as you said, yesterday was a very difficult day. you really heard that in the president's speech. he said he is both outraged and heartbroken. that was the tone, quite emotional at one point, getting red, talking about how these decisions weigh heavy on him, but completely outraged, saying we will find you, we will hunt you down. this morning he will be assembling with his national security team at 8:00 a.m. what is so difficult going forward, we heard from general mackenzie, we heard from the president that these threats of these attacks still exist. they have a few days to evacuate everyone at the same time, making sure they are thwarting off more suicide bombers or i.e.d.'s. tom: leon panetta on cnn goes the other way and says this will extend our stay. is that a point of discussion this morning? annmarie

annmarie hordern at the white house. coming up, former u.s. secretary of homeland.oming up talk markets, fed, jay powell, the stoxx 600 on track for a seventh month of gains. we will discuss all of that with aberdeen standard investments shortly. this is bloomberg. ♪ >> the timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of infrastrate left off for which we have our take later day different and more stringent test -- articulated a different and more stringent test. francine: that was chair powell. joining us now is luke hickmore. thank you for joining us. is anything surprising of what you heard from jay powell? does it make you change your portfolio structure at all? luke: i think i have ended up a little bit more bullish post chair powell. there are a few things that started the move afterwards. we have seen crossover high-yield index from cds moving a little tighter in the u.s. and through the cdx station of that. bitcoin is moving. that is exciting. other than that, it kind of felt tha

let's get right back down to capitol hill and our washington correspondent, annmarie hordern. >> justthe last five minutes , when i was previously telling you like things were going in the positive direction, we have seen a snag with senator bernie sanders saying he wants to block that amendment, meaning he is not on board with the fresh amendment we have seen, the bipartisan support of cryptocurrency. what that does mean, if they were to pass that legislation as it is today and vote yes, it would be the same text that has a scope when it comes to the cryptocurrency industry. that is why you are hearing the likes of jack dorsey from twitter and others in the industry saying it needs to be a little bit more narrow. that is why -- you are seeing better -- you are seeing senator bernie sanders does not support that latest bipartisan debate. given the fact that they were able to come together on this crypto amendment we thought it would be a little bit more smooth sailing. taylor: and we are nearing that finish line, sort of at the 11th hour. so, would there be changes or are you thinking

government -- we turn dora white hart -- we turned our washington correspondent annmarie hordern. t will be making remarks at the top of the hour. his first speech, he did not take

reporter annmarie hordern. nmarie: a huge turnaround we knew look at the fact that the supreme court basically said that congress would have to legislate this, and now you have the cdc not really extending that moratorium. this is a brand-new you fix and moratorium that will go until october 3. starting yesterday, 80% of counties, 90% of renters will be included. this is really affecting counties where you have a spike in covid cases. what is so interesting about this, and what many have said is quite bizarre, the president alluded to the fact that it is likely going to face legal hurdles, but they seem to be saying at least if we can get an extension, that will be enough time to get local and state authorities to tap that lien's of dollars, $47 billion of funds that were supposed to be there to help renters. guy: great stuff. thank you very much, indeed. let's turn to the virus in more detail. china is seeing its broadest covid outbreak since the beginning of the pandemic. authorities rushing to close tourist s

here is annmarie hordern. what is the house speaker to do when you have moderates on one side and the house speaker the other? annemarie: it will be a delicate dance and it is shaping up to be contentious because she can only afford to lose three votes and it does not look like she has them with these non-moderates put in threat to pen and paper saying they will not get on board if bipartisan infrastructure -- until bipartisan structure is signed into law. on the other side of the caucus, progressive say they are willing to take bipartisan infrastructure -- this is their leverage to use against a moderates if they don't see budget reconciliation. that is leverage against colleagues in the senate, like joe manchin or kyrsten sinema who said that three point $5 trillion is too much of a top line. august 23 is turned into shape up to be an important week for the house. their own parting, family infighting, speaker pelosi will have a lot of work to do. guy: as we know, families can fight tooth and nail. that is wh

annmarie hordern giving us the idea here of what a hot wash is, and it is an immediate after action agenciesrm after their performance in major events such as hurricane katrina. thank you for that briefing on washington jargon. thank you. the president on this afternoon. we will continue. kathy jones. charles schwab will not be as in -- as eventful as tom's daughter. stay with us. taylor riggs, stay with us. on bloomberg, good morning. ♪ >> the taliban have -- hours after the final american soldiers flew out of afghanistan after 20 years of war. the taliban leaders walked across the tarmac at the airport in kabul. rescue crews are looking for people stranded by hurricane ida, many using boats. at least three people were killed in the storm. governor of louisiana john bill edwards -- john bel edwards says he expects the death to rise considerably. many are without electricity. in northern california, thousands of people have been ordered to leave south lake tahoe, a fire threatening it. interrupted more than two weeks ago near sacramento. it has destroyed 417 buildings and burned 177,000 acre

i am annmarie hordern alongside joe. we are sitting in washington, d.c.he world are on kabul. the president currently not in washington, at camp david, but making his way back. joe: when we went to bed without president biden would be in camp david until the middle of the week. we are watching talking points change in real-time. we will have joe biden back in the white house this afternoon to deliver what is likely one of the most important speeches of his career. annemarie: immense pressure. it was over one month ago

just as distinguished, annmarie hordern joins us now. how is the pentagon doing this morning? ie: they are getting a lot of questions. i think the pentagon is trying to work through the process -- they said there will be 6000 troops on the ground. you heard from admiral kirby it is actually 5200, but they are getting people out. not at the maximum level of they are capable of. they are trying to reach up to that level. the other problem they are dealing with, and this is more of the state department, and the representative late into the administration on this, less so the military but diplomats that need to be on the ground to make sure they go through people's paperwork before they get on the flight. lisa: where are we in terms of paperwork? that was part of the issue, they cannot bring people over because of promising paperwork. annmarie: from what representative moulton said, they wanted to double it. they had 20 people on the ground. let's mind you, this is an individual who was a democrat and a former marine, serving tours in iraq. he said this is one of the greatest forei

annmarie hordern will be with us. this is exceptionally important from john hudson in the washington post. this was published eight minutes ago, where that cia director of the u.s., william j burns, director burns traveled to kabul and met with one of the taliban's factor leaders. he has been very much in the news. that is just breaking now, but show some of the discussions going on. very important. the cia traveled to kabul to meet with the taliban. a day of optimism for the market . futures up seven. this is bloomberg. ♪ ritika: vice president harris warns that china poses a threat to countries in asia. at the same time, she reassured countries of the u.s. would not force them to choose between the world's two biggest economies. harris spoke about the vision for human rights. president biden is being pushed by allies to extend that end of august deadline for american troops to leave afghanistan. boris johnson and other g7 leaders are expected to press the president on the issue today. still, the u.k. warned the pres

emily: annmarie hordern, thanks for the update. it for bloomberg technology, tune in tomorrow we will be joined by drew houston. anne frank turbo -- i am emily chang, this is bloomberg. ♪ and there you have it - wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

thank you annmarie hordern.ator manchin writing to the fed chair saying that the proposal for additional stimulus will lead to our economy overheating. the chairman receiving a letter from the senator on unwinding qe. lisa: just to give a sense of the timing, the fed is not meeting today. they just had their meeting. perhaps it singles more to the infrastructure vote over the weekend than it does the federal reserve. perhaps giving some color to the jobs report we are going to get. jonathan: another jobs report on september 3 and the fed's meeting on september 22 hearing -- september 22. we have some things to get through. tom: this is really important. it is not a three-month moving average. each of these reports is discrete. i have to believe that everyone involved in this project is doing just that and saying wait to see for the first week of september. jonathan: we are distracted by the jobs. what are the most read stories on the bloomberg terminal today, a departure is a mess that everyone can see. messy, u

francine: here with the latest is an reordering -- annmarie hordern. how any planes still have to take off -- how many planes still have to take off? annmarie: not sure what time the final u.s. plane will depart. 24 hours away here in the united states, but we are about 5.5 hours away from midnight kabul time. we know they are trying to get the remainder of americans and afghans out of the country. there remain just about 300 americans left in the country, but they have to make sure they have wound down troops. still waiting for more of a timeline. the next question becomes what happens to afghans that were not able to make it out by august 31. this is a question for turkey and some nato countries. they will discuss that today in terms of how they could potentially work with the taliban to keep the airport open for individuals to leave and who would provide that support, potentially qatar and turkey. this is something the u.k. and the french want to see. alix: there was also a great article on private efforts to get people out and how it works. let get

annmarie hordern, they will be meetings early at the white house on how to make this not look like saigon1975. what do they do? annmarie: we see them moving on trying to extricate and get home american diplomats at the embassy. 3000 american troops are going there. but it has been like this over the past week. last weekend was critical. now that the taliban controls more than two thirds of the country the administration has been quite resolute and confirm what their decision. the president has wanted to do this for years. another has been done to train an advance the afghan military and government. it is time for american troops to come home. it is going to be messy for them, especially in the public eye. tom: i read every word from senator mcconnell. he was measured in his criticism. he did allude to saigon in 1975, same as hubert vanness photograph to the helicopter and the exit out of what became ho chi minh city. what is the pressure here from capitol hill, or is there a silence as we try to get to monday? annmarie: i think the pressure is that they want to make sure americans to come

our washington correspondent annmarie hordern joining us from the white house. annmarie: good morning. you heard it there from the president, really doubling down on his decision for this withdrawal, and he outlined two reasons why. one was of course, the inherited deal of the trumpet adminstration with the taliban. the second was the fact that he pointed to the unwillingness of the afghan forces to fight after the u.s. put $2 trillion into the country two decades. one that i imagine the press will be asking his national security advisor and press secretary when they have a briefing later this afternoon is why the hasty, chaotic fallout of the withdrawal we saw unfold over the weekend? what i can update you on is what white house officials are saying, that flights are resuming from kabul airport. they were halted for a while. at the moment, there are 3500 troops on the ground, with more on the way. alix: thank you very much. those images still staggering. the u.s. government is preparing to offer coronavirus booster shots as soon as next month. biden adminstratio

annmarie hordern is on capitol hill.art one is past, what happens with the three point $5 trillion budget resolution? >> about 10 minutes ago, steven dennis saying they have begun debate on this resolution, which would then sweep in the reconciliation. this is a democrat only package to get through soft infrastructure. this is an expansion of childcare, elementary school, medic -- medicare and climate initiatives. we actually don't know a timeframe for this. it could be anywhere from a few minutes, to ours, till late in the evening. in march, the last time there was a budget reconciliation, one amendment was open for 11 hours. senator schumer became the majority senator to have been prevailed over a record amendment. republicans are going to bring amendments to the floor. this is really political posturing. and then they go on recess and september is the showdown in terms of these two bills in the house. kailey: what do we expect in the house? the senate, nancy pelosi and progressives she has to wrangle on her side. >> i

in kabul, we get through another day as well, it is about the airport and also about, as annmarie hordern real unrest of the north and what the taliban will do 100 miles to the north. kailey: it is not just about the taliban versus the united states. there are other allies involved. the u.k., allies have people on the ground, this is not just the american troops. we have the g7 convening. boris johnson has called a meeting to address the issue. this raises the question if it is not just about the u.s. versus an adversary, how has this change the relationship between the u.s. and its allies and what those relationships will look like going forward given how the crisis has unfolded. tom: will continue to monitor this through the morning for out of washington as well. the markets are quite good. what is difference is correlation is in place. equities higher, yields higher as well. yield is a constructive way to start the week. i would suggest the endurance of this morning of chinese headlines of an accommodative pboc. kailey: even before those headlines you did see the strong rebound taking

. -- annmarie hordern, the speaker of the house is 81.heard yesterday that she is complete focused on her legacy at the expense of the democratic majority. that you begin to lose the majority of the house last night? annmarie: she pulled a maneuver to get through and to acquiesce both sides of her party, the progressives and the moderates. we should note this isn't legislation. she moved forward a rule which means it is go time for that reconciliation process, which already we saw today, the senate finance committee putting up what their terms might look like, in terms of higher taxes, but she was able to park at the bipartisan infrastructure in a nod to the moderates for september 27. in the end, she was able to make it work for everyone in her party, and that is her job. tom: i look at the next step not only for the speaker but for the moderates. we will talk to greg about this but frame out where the moderates are now. in the senate, there is no -- did the moderates capitulate last night? annmarie: i would not say capitulate. at the en

annmarie hordern in washington makes clear it will be an eventful morning for the white house, and ita street as to what august 31 actually means on this 30th of august. taylor riggs and for jon ferro, lisa abramowicz, and tom keene. joining us now, peter trubowitz, with all his good work over the years at the university of texas at austin. we talk to afghan experts, i want to talk to you about united states experts. i go back to your landmark, politics and strategy. do we have a strategy and foreign policy that gets us out to 2023, a year before our next election? prof. trubowitz: it is good to be with you pete i would say we have the beginnings of a strategy. really what has been going on, for well over 10 years, in the united states is the process of readjusting strategically. internationally what that means is moving more of its energy, time, assets to east asia. domestically, i think the principal challenge that has dogged three administrations is rebuilding or renewing the social contract, which has really been badly damaged by the country's failure to keep international opennes

bloomberg's annmarie hordern, over to you. nmarie: right now you are seeing the senate majority whip dick durbin talking. you are just on the heels of a speech from senate majority leader mitch mcconnell asked senate minority leader -- senate minority leader mitch mcconnell, who said he's very much against the $3.5 trillion reconciliation package. we will move to the vote on that framework. what senator mcconnell was saying is that every single senator on the republican side will come forward with their disagreement on the democrats' spending of this package. he cited high inflation is one of those reasons, and he said they will bring amendment. so it is hard to say what the timeline will be because we just don't know. they could be very quick. there could be a few amendments. or we could see 50 republicans come up with amendments and a could take hours. i bring you to recent memory of march, when senator schumer had the record open for one of them and taking 11 hours and 50 minutes. so it could be a short day or a very long ev

annmarie hordern and our team watching this day unfold, all of us coming off -- the president's commentsesterday with an abrupt ending being, not controversial, but unsettling to see how the white house rallies off of that at the news from speaker pelosi as she advances forward three point -- 3.x jillian dollars of support for social programs in america. i will call it a remarkable stasis after last week. monday up, tuesday up. on wednesday we catch some kind of did waiver further news flow. i measured the surgery. as greg peters said, we are extending out our timeframe. q3 into the part of next year. it tightly interview -- a timely interview on governor kathy hochul, governor pataki. this is bloomberg. ♪ lisa: stability at new all-time highs. i am lisa abramowicz in for jonathan ferro. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ lisa: more capitulation from the bears. >> a wall of worry. >> more signals from the fed. >> we still have a very healthy and accommodative b

and we heard during -- annmarie hordern actually -- absolutely crushed. a perceived in washington that the senate infrastructure is a waste of time, because all they will do is get to the house and face huge stumbling blocks? annmarie: it is a good point. i do not think people view it as a waste of time, because obviously you need a number of steps in washington, d.c. in order for any sort of plans to get the legislation. that i see the point you are making -- already we see house members that are moderate democrats circulating a letter over the weekend to speaker pelosi, saying the second the senate passes this infrastructure agreement, when we are back in session, we need to move on that, and also voicing their concerns at the budget resolution, the reconciliation package democrats in the senate will begin working on before they go on recess, they say $3.5 trillion is too high for them. tom: what is the power right now of moderate democrats? it was all over the zeitgeist this weekend, a reaffirmation of what they are doing versus the liberals. what is a

emily: annmarie hordern, thanks for the update. that does it for bloomberg technology.orrow. we will be joined by the dropbox ceo, the ceo of other companies as well. don't miss it. i'm emily chang in san francisco. this is bloomberg. ♪ looking for a better way to lose weight and feel good? how about the one with the 98% success rate and the more affordable weight loss solution? that's golo. there are no monthly fees and it's guaranteed to work or you don't pay. how can golo offer all of that? because it's not like any of those diets you've already tried. it's the new way to lose weight. no stimulants, no starving, just results. results you'll keep for life. no more sacrificing to lose weight only to put it back on. no more sacrificing, period. it improves your lifestyle and delivers incredible results. with over 2 million satisfied customers, golo is the new way to lose weight. this is the only program i have ever done that i have never deprived myself of anything. (announcer) if what you're currently doing to lose weight isn't working, or you feel like diets don't wor

i want to bring in annmarie hordern in washington. what is the latest? >> we are seeing a little bit of a hurdle when it comes to the no -- to the cryptocurrency bill. it really was a domino effect. senator shelby wanting to bring an amendment to the floor which has to do with more defense spending. then you have senator bernie sanders wanting to not allow that amendment. remember, when it comes to amendments, you do need 100 senators to be on board. senator shelby saying, if my defense spending can't get to the floor, i am not going to go ahead with this new crypto amendment that earlier today really was a bipartisan effort. that is right now where we have a little bit of a hurdle in the senate. other than that, a lot of the other objectives of the plan do seem like they are getting bipartisan support. earlier, a senate aide said we could get a debate around 11:00 a.m. tomorrow. this new debate regarding defense spending and crypto currency amendment could take us a little longer. emily: this leaves language in the bill broad oversight of the cryptocurr

we do that with annmarie hordern.ook at the calculation of the moderates, and i've made a project of this over the recent weeks to actually look at why they are moderate. let's look at the blue dogs and what they have done from the 1990's, when they became evident. there where the yellow dog scum of the blue dogs, the bull weevils -- the yellow dogs, blue dogs, the bull weevils. i can't keep track of all of them. they have crushed down to a small moderate margin over time. in the seventh district of virginia, spanberger won by 7000 votes last time around. that is a moderate, isn't it? annmarie: these are people that are under pressure from their congressional district that, instead of going for the republicans, stick with me and i will not go too far to the left and make sure you get what you need. that is really what this is about. we should note, it was nine moderates yesterday coming up against speaker pelosi. they picked up a 10th last night from orlando, representative stephanie murphy. she read a pretty scathing

jon: annmarie hordern on important points, thank you.to chairman powell and how we reshape this federal reserve. i was thinking about this yesterday evening. tom, let's continue. in football, you don't make substitutions when you are defending the set piece. that is rookie manager stuff. most people that follow the game understand that. a really important turn in policy, doesn't make sense to change the chairman of the federal reserve, considering where we might be in the next 12 months? tom: most including let's say liberal economists would say you are 100% correct, but so important with chairman powell is the change factor over 5, 10, 20 meanings and everyone agrees he has improved in conveying the message announced by clarity yesterday. not only do you have what you are talking about what you have a guy who has the wind behind him and seems to be doing better. jon: it depends who replaces him. i think most people would agree -- is the brains behind the market. i don't know many people who would bat an eyelid if chairman powell became

stephanie murphy was mentioned by annmarie hordern this morning as part of the blue dog coalition.x months old, she was rescued at sea by the united states navy as she escaped to vietnam with her family. she holds court north of orlando, and she won by 55% of the vote last time around. she is scared stiff. how does speaker pelosi help stephanie murphy of the seventh district in florida keep her job? jack: well, one, stephanie murphy and the other blue dog's interests in the house are not happy with the decision by speaker pelosi to hold onto this infrastructure bill and say we are not going to pass this until we also get the $3.5 trillion measure that the senate wants to push forward. she could tell people -- she could help people like stephanie murphy by allowing a vote on the infrastructure measure, but that would imperil the next big ill. it doesn't somewhat that is going to happen. keep in mind, stephanie murphy is a good person to have an ion. -- have on -- have and eye on. scared stiff could be one way of looking at. emphasis is another. she could have a look at some statewid

i think we will have to check in with annmarie hordern every morning on what is going on.e are -0.06% on the s&p. not much going on there, but in the bond market, what a turnaround. 1.12% this time last week. back to 1.37%. yields are higher by a couple of basis points. lisa: really important to see a much moment and there is behind this move. at 8:30 a.m., we get that july cpi report. the expectation and a broad survey of economists is for 5.3 percent year-over-year consumer price increases. bloomberg economics expects an increase to 5.5%. the issue i think you are right to point out is the specific component. it is not just rent. it is more broadly, how broad are the price increases? that will factor into the decision also, perhaps with president biden weighing in on the oil prices this morning. we get raphael bostic and esther george perhaps talking about when taper talks start to heat up, to pay back some of the $120 billion of monthly bond purchases by the federal reserve. at 1:15, president biden planning to speak about that human infrastructure plan. the outline was

tom: let's go to annmarie hordern. what is the average age down there?you are in the senate floor, the average age is like 82, right? >> it is definitely older than i am. i think actually older than you are as well. tom: thank you. >> some senior moments in washington as well. tom: let's go to what i seen the zeitgeist, democrats counting votes. speaker pelosi has got to start counting votes. what does the count look like? >> we are waiting to see, but the point is that the moderate house democrats are the ones pushing back that when they come back from their august recess, this august 23 to have the vote on reconciliation package, you are hearing from the house blue dogs and they are saying representative, one of their speakers, stephanie murphy, is staying -- saying we want infrastructure on the table asap and do not want to hold it hostage and wait for the reconciliation package. where they will only be voting on the resolution and then they will go into the senate committees and house committees to try to get the details of what the reconciliation pa

joining us on capitol hill is bloomberg's annmarie hordern, standing by for this vote. ance of what is past, what is going to be in it, and what we expect next. annmarie: what is in it is everything we've been talking about for weeks and not months. everything from fixing potholes to airports to bridges. what is significant about this vote is a now has a number of votes in order to pass even though it is ongoing. senate minority leader mitch mcconnell did vote yes on this. also interesting, not sure where he stands in the vote, but senator lindsey graham is back of the capital. he was for this infrastructure. he was part of the bipartisan group. likely that will be a guest. i did take a walk -- likely that will be a yes. i did take a walk to one of the senate buildings with rick scott of florida and he said he voted no because it is not clear the cbo pay for and also, kind of out of protest is the sense i got for the fact that right after this we are moving to budget resolution, which is the framework for the 3.5 trillion dollar reconciliation package, that soft infrastr