he never met bernstein until very late in his life. he met and leaked information to woodward because he wanted to become the number one guy at the fbi. the fbi director had died in may of 1972 a month before or six weeks before the watergate scandals seminal crime the break-in. the democratic national headquarters and that said in motion an intense rivalry to become who was going to become the fbi director. there was an acting director el patrick gray. felt was number two. he wanted to become number one. so he was leaking information to undercut. his rivals inside the fbi. inside the fbi this is a an interpretation that is persuasive in my view and it's the subject of of a book length treatment called leak mark felt self-disclosed is deep throat in the year 2005 when he was in his 90s. encouraged by his family to do so leighton his life. so, you know if you look closely at the hairline here. there is some so maybe there was a hint or clue in the movie the 1976 movie. that the deepthroat character played by how holbert played exquisite

bob woodward and carl bernstein. they obviously need no introduction. they've been rather well exposed recently. to go over the history but we are thrilled to have them here today and i want to say both our longtime friends of mine and so for me it's a double pleasure to have both of you so gentlemen, welcome and thank you . >> one other note, remember you can if you want to hear from those of you in the audience you can tweet to washington post live and if we can we will try to get to some of the questions. so i want to start by reading something and then get you to respond to it. bernstein looked across the newsroom. he thought woodward was a prima donna. yale, a veteran of the navy officer corps. lawns, greens word, state rooms and class tennis courts. but probably not enough pavement for him to be good at investigative reporting. bernstein thought woodward's rise, rapid rise of the post and less to do with his ability and his establishment credentials. woodward new bernstein occasionally wrote about rock music and that figured. bernstein looked like

jared bernstein is standing by. but first to edward lawrence at the white house. >> martha, not long from now, president joe biden will be back here at the white house. in an interview with "60 minutes", he said basically inflation is flat. that's a message that we've been hearing from economic advisers out of the white house including ones that you've spoken with. >> you've had two months where it's been flat. yes, headline inflation has come down. the ppi came down again. it is still way too high. that said, it does not mean that we don't also recognize historic positives that are happening legislatively for this country. >> what the president is highlighting is that from july to august, inflation went up .1% overall. he failed to acknowledge that core inflation without food and energy prices went up .6%. that's a big increase. that indicates that inflation could be more entrenched in the economy. you can see where the president took office and where russia invaded ukraine. there's no denying the u.s. has an inflation problem that started the month after preside

that's because of its diversified advertiser and user base bernstein puts meta in second place because ad mix and low bar for expectations for next year. that stock is down over 2% after an article in "information" said instagram's tiktok problem continues to get worst bern teen this morning warning about the narrow ad base of snap and pins and saying that twitter ad mix is the least defensive of the bunch. that stock is down about 1%. netflix and disney shares are both down about 2% that's despite citi issuing a note this morning reiterating its buy ratings on both stocks, on expectations that streaming sentiment will improve, saying that both are positioned to capture both incremental subscribers and revenue. they think that netflix has the most opportunity in the space. now, got a point to paramount. that stock was in the green earlier. it's now down fractionally paramount plus is doing well, and the ad market isn't as bad as feared. he also talked about the opportunity to raise prices. also want to point to comcast. of course cnbc's parent company. it is a rare stock in the green t

joining us here in washington is white house economic adviser jared bernstein.ith you, shannon. >> new numbers this week as we discussed back in july, they're still at 40 year high. market watch says, do not be fooled by falling gas prices. inflation has spread far and wide through the u.s. economy. they say groceries, rent, home furnishing, new cars, auto insurance, education. all of this surged in august. what now? >> first of all, this is why easing inflationary pressures is the president's number one top domestic priority. on gas prices, in fact, they didn't surge, at least they didn't surge up. they've been falling. they've been falling for 96 days in a row. we're not talking about a blip. we're talking about a trend. down $1.36 per gallon. for the average driver that's about $70 of savings per month. if you aggregate that across all of the drivers in the country, coming close to half billion per day. that's a real bit of breathing room. now, the inflation reduction act is going to help reduce costs of prescription drugs, of health care, energy. very import

we'll ask white house advisor jared bernstein.hen democratic governor blasts gop governors for sending migrants to democracies. >> what ron desantis is doing is a disgrace. >> it shows you their virtue signaling is a fraud. shannon: one governor's charge that this could be kidnapping. high stakes races in virginia and possibly pennsylvania. all right now on "fox news sunday" with shannon bream hello from fox news in washington. we are 50 days out from mid terms. headlines on huge issues like immigration, inflation and abortion are change diet ma'am is. this week the president made his case that's inflation will soon ease. and vulnerable candidates are forced to respond over my be grants being sent to democracies. and senator graham testified himself in an op-ed writing quote voters in key battleground states prefer a candidate that support protection to 15 weeks than a candidate who believes in abortion at any stage of pregnancy. we'll speak with senator graham and ask if his colleagues agree with him. let's turn to lucas tomlinso

i want to thank both carl bernstein and bob woodward for typos conversation. thank you very much. >> thank you. [applause] c-span.org/history. ♪ ♪ >> flying west across the pacific, vice president and mrs. richard nixon began their tour of six nations that was to take them completely around the world. their first destination was manila. the busy capital of the philippines was, like the rest of the country, tense with excitement on the eve of a great national celebration, the 10th anniversary of independence. ♪♪ >> on the afternoon of july 3rd, mr. and mrs. nixon landed following brief ceremonies, mr. garcia accompanied the honored guests to where president and mrs. ramon aa waited them. -- awaited them. this, again, was more than a mere visit. it was an old reunion -- a warm reunion between old friends. on the morning of the 4th of july, a day glorious to both fill filipinos and americans, mr. nixon -- [inaudible] the martyr whose name is known to millions who cherish freedom. the column moment brought memories to all present, for it ♪ ♪ >> by permission of th

and her friend unknowingly bought fentanyl-laced pills from the 15-year-old suspect on campus at bernstein, they thought they bought percocet. her friend is recovering in the hospital as ramos's family comes to terms with her tragic loss. >> i had to tell her sister that her big sister is not going to come back. she's a 7-year-old, how do you tell a 7-year-old that, you know, your sister is not going to come back. >> officials in the l.a. unified school district announced they will be focusing on drug prevention, something some area parents have been striving for, including orange county mom amy nevel who lost her 14-year-old son to fentanyl poisoning. >> every kid that dies this way is a missed opportunity for us to do better and it is -- it's heartbreaking, it's frustrating. >> absolutely heartbreaking. at least six students have overdosed in just the last three weeks alone from drugs obtained at a hollywood area park near bernstein high school. fortunately they were all able to recover. >> heartbreaking stories there. thank you, john. >> john: just 100 days until, wait for it, christmas

so full speed ahead. >> you have to get more sharp elbows get in there, bernstein. see you later.nd delivering returns in person go to alpha.com to register. sq "squawk box" will be right back. hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. ♪ ♪ ♪ ♪ ♪ ♪ introducing ihg one rewards. seventeen hotel brands. six thousand global destinations. one loyalty program that lets you guest how you guest. aflac! seriously? now there's a hole in your defense; look at the size of that- gaaaaaaaaaaaap!!! is that a goat?! you talkin' about me? gaaaaaaaaaaaap!!! i think this goat is saying “gap.” must be talking about the expenses health insurance doesn't cover. so who's talking about the money aflac pays to help close that gap? gaaaaaaaaaaaap!!! aflac! aflac! gaaaaaaaaaaaap!!! it's about to go down, baby! aflac! aflac! stop that goat! get help with e

as you were talking, i was reading this bernstein note on meta.d the reality is that the company has a lot of room to preserve earnings power via sizable cuts and protect the floors of the boulder counting on. would you argue that meta is indicative of broad and aggregate corporate america's power to cut cost? >> yes. especially when you think about the environment. over the last 10 years, companies had a decent topline environment and a week inflation environment. they had not a lot of our growth, they were focused on growth. now that we have better nominal growth, and companies focused away from topline, that is giving them ample opportunity to really tackle affects, as you're pointing out. ironically, or sort of maybe in favor of the fed, intact, a lot of it will be labor. i think you are going to see job cuts coming, and that will really help the earning power. but it actually works toward the fed's goal of trying to manage a very tight labor market. >> yeah, we certainly have already seen some of those cut. i just want to get your view on bit

with us, cnn political analyst and journalist carl bernstein.s pushing back on criticism that biden's speech was too political. what was your assessment of it all? >> first of all, the beginning of the speech had a deadly accuracy in terms of picturing trump and a good deal of his movement as outside of any mainstream tradition in our politics, a radical tradition at odds with democracy. it's a fact. it is a fact that many, if not most of the republicans in the senate agree with. they won't say it outloud, but it is a fact. but then i think he missed a great opportunity, and that was to say i want to see, we want to see even in our party a republican party of its traditional conservative values that contributes to the debate of where our democracy should go in this country. i think he really missed something there where, look, to win, the democrats need to bring over some republicans. and biden knows as well as anybody that there are a lot of traditional republicans who might respond to such a proposition. i just think he missed it. and then his

andrea bernstein, thank you so much for helping us wade through them all. andrea: thank you. sweden's prime minister magdalena andersson will step down tomorrow after conceding defeat in the country's general election. final results show that a right-wing coalition with an anti-immigrant agenda has a narrow enough majority to form a government. this seismic shift in swedish politics could have seous implications for dozens of kurdish asylum seekers in the country. turkey has demanded their extradition as the price for sweden's bid to join nato. from northern sweden, special correspondent malcolm brabant reports. malcolm: i'm on a long, slow drive through some of the world's most tranquil countryside to hear a human story behind one of europe's most burning geopolitical issues. we're on the road to northern sweden, close to the arctic circle. sweden's military status is on the verge of changing dramatically. after 200 years of neutrality and avoiding conflict, russia's invasion of ukraine has pushed sweden into joining nato, but its accession is in the balance because of a sma

say the team faces charges of manslaughter for allegedly selling pills laced with fentanyl to to bernstein high school students, one of whom overdosed and died. another 16-year-old boy was arrested for for allegedly peddling the drug to a third student at nearby lexington park. >> if you prey on our children, it will not end well for you and and anyone involved in the distribution and manufacture of this, those enabling the deals, this will not end well for you. >> officials say they were able to track the suspect weekly, due due to the fact that the surviving student was able to iy to identify who they purchased the drugs from. > >> buses caring migrants arrivet arrived at vice president kamala kamala harris's home at the naval observatory in d.c. and dozens more arrived on charter flights to massachusetts as part part of what former governors called a relocation program. >> reporter: asylum-seekers carg asylum-seekers carrying what little belongings they have arrived outside the vice presids vice presidents residence in washington, to the surprise of volunteers. >> i think it is really m

should have, if you were to do really she shut them is that i was used also for who was lisa bernstein in. that's in one corner, which is a chicago. okay. so she's in yeah, probably will she go to run your daughter? you must with she got by. she's going to come or so please do not to let you still go to left it on so brief. bravo. i'm sure yours. i'm are. how should perform a job? these are brought the enough room to few question paper beecher who i'll go a bobo grade. this missouri as much as me mean for on us. nasa. michelle, isn't i? should middleton happens to, ah, from an address my even came off head of an o u. n. detachment people be warned. musk of ice poles, magyar isn't jews, are your enemies? eliminate them? remember, your leadership is the o. u n. your leader is stepan, bon dera, one and you blew a slower to limit the genia or nibble you wore a seldom jewel lagoon. on that and you will what julia coronado washing machine, the general convict? sonya latin, i see mister system colossally man beat him. you've got all sleeves due for release . you me? you guys used to maybe it

should have if you wouldn't ready to shut them, is that i wanna hear still thank you for who was lisa bernstein in that head of one car, which is actually cable because our children. yeah. toby will up. she goes to run your daughter. you must already in she got out of, she's getting skin. i'm not to let you still go to left a bunch of bravo. i'm sure yours, america should perform a job. these are brought the enough room to few question, paper bleachers. i'll go with bob who played this missouri as much as we mean for on us. national is my sure middleton happens to. ah rahman address my even team of head of an o u. n. detachment. people be warned. musk of ice poles mag yours and jews. are your enemies? eliminate them? remember, your leadership is the o. u n. your leader is step and been dead. aah! one and you blew us know what to limit the genia on nibble. you wore a stone and you will lagoon on that and you will what julia carter of law, the washing machine we general convict. sonya bulletin i see mister system class only man beats him. use good hoarsely due for release me. you guys used to mad

joining us is richard bernstein who's been bearish this year, richard. i don't know if you had changed your tune at all on signs that inflation was easing, but today was a real wake-up call for that moment how do you think the market and the fed is going to process this number >> so, sara, you know, for more than a year now we've been arguing that there were going to be three phases of inflation the first was going to be that people would think it was temporary, and we heard that from the fed they used the word transitory. the second phase is people would say it's worse than we ever thought. and the third phase would be it's never going away. and i think today is the first time we're starting to hear people talk about phase three. not using those words, but that's kind of what's in the backdrop here is, gee, this is lasting longer than we ever thought. it's not going away. the fed is going to be tightening for longer than we ever thought that's kind of been our story is that the cycle was not going to be short-lived, that you don't fight inflation in a m

the last part of the 20th century in the beginning of this one, the likes of david hockney leonard bernstein, luis bosch, who are of the miller, cindy sherman, the all winners of this prestigious award. and also architect, yes, architect that was where we saw in the report, something about the winners in film and sculpture vendors. i way way. what more can you tell us that? well, it's important to say that there are 5 categories to this price art sculpture music architecture, as you mentioned, and film and theater, which have been, which are lumped together in the, in the, in the final category. it's interesting, the art and sculpture separator, but the film and theater and opera joined together. and the last couple of years have been a bit of a setback for those particular forms, film and the performing theater world because of the pandemic. so there were no, there was no reward in that category last year. but as we saw, the vendors took the prize with that this year. great to see you julio, pow lini when the art award. a very witty, stylish, clever artist, 2 grew out of the art pover movem

jared bernstein, the president's top economic advisors to talk about the ongoing problem of inflation. tomorrow 10:00 p.m. to 2:00 p.m. -- not ten, 2:00 p.m. we are back at 12 noon eastern. ♪ >> hello, i am anita vogel along with jason, nicole saphier and tyrus. welcome to the big saturday show. here's what's on tap tonight. >> after more than 200 days president biden sits down with news media. we got a sneak peek. >> among shocked to find a random stranger sleeping in her son's bed but she was even more alarms to learn what happened next and you will be, to. >> swipe right. going all in on a dating app designed for conservatives. >> everything is fair in love and politics. first, more busloads of migrants arriving in sanctuary cities causing quite the meltdown among democrats. today illegal immigrants were dropped off outside vice president kamala harris' home in washington d.c. an interview with vice news harris land texas governor abbott and florida governor desantis saying i think it's the height of irresponsibility much less just frankly dereliction of duty. meantime migrants are

investors are bearish on the industry in general is private wealth management firm bernstein downgradednion pacific and csx from buys to hold and weaker volumes and elevated inflation and may hurt long-term railroad profits and about 60,000 railroad workers could go on strike friday if the matter is not settled, norfolk southern down 2.6% and union pacific 4.13% and csx 1.7%. starbucks getting a jolt after the coffee house -- actually i think the nasdaq 100 as well after the coffee house raised its profit forecast for the next three years. who has a crystal ball like that? wow the seattle-based chain said it's on target to reach 45,000 stores by the end of fiscal 2025, including 9,000 in china. yes, the tea drinking nation. starbucks up 5% right now to $92.25. moderna is also higher at this hour after the drug maker talked to china about supplying covid-19 vaccines to that country. finally, i mean, they have kind of spurned u.s. and other vaccines and moderna getting a 5% bump on that and the company says no decision has yet been made and j&j at top of dow 30 at this hour after announci

. >> bernstein downgraded one notch to market reform, cost pressures go beyond wage issues from the labor dispute and potential rail strike on friday. the reality is weaker volumes of moderation and pricing they can charge. these are all factors the market has to announce to. stuart: all over the place companies are responding to the presence of inflation. union pacific down 4%. >> 7.4%, week forecast for the fourth quarter profit, shipping less as the economy closes down. stuart: we have moderna up 5. 8%. %. >> one of the best gainers, booster season is upon us, take whatever one made available as we gear up for the weather. stuart: this is a story i am interested in. analysis by the new york times down between 2019-2021, stock trays by themselves and immediate family members. >> 97 family makers, we are quoting the new york times because their research was extensive. intersected with the work of the committees on which they serve and some of it was so blatant. those lawmakers do not include nancy pelosi, she doesn't sit on any committees and that is not sitting well with them. >> it is

andrea bernstein has been covering democracy for pro-public and a regular contributor to npr.s the author of american oligarchs, the kushner's, trumps, and the marriage of money and power. >> good to speak with you. >> let's talk about the mar-a-lago documents investigation. this is a probe into whether or not the president improperly took classified documents from the white house down to his home in florida. we know the fbi executed the search warrant. what is the latest on that particular investigation? >> both sides have commented. a special master is a phenomenon that has really emerged. it in both of those cases, they argued they were attorneys for president trump so some of the documents could have attorney-client privilege. the complicated thing is that this is the ex-president in possession of classified documents. and the government is arguing, the department of justice is arguing that he has no right to those documents. they are clearly government property by their nature because they are marked classified. there is no question of privilege and with respect to classi

jared bernstein, the president's top economic advisors to talk about the ongoing problem of inflationnot ten, 2:00 p.m. we are back at 12 noon eastern. ♪ >> hello, i am anita vogel along with jason, nicole saphier and tyrus. welcome to the big saturday show. here's what's on tap tonight. >> after more than 200 days president biden sits down with news media. we got a sneak peek. >> among shocked to find a random stranger sleeping

not hold well for republicans candidates are having answer about that on the campaign trail, jared bernsteinadvisor as inflation does not seem to be going off will talk about what they can do going forward and how things have gone to this place we added illegal plano there's plenty of things to discuss in the fight over the special master and a political panel we've got just about everything covered if he wanted to know in. pete: not just like us, you don't ever want to say that next thing you know you be in the sumo suit resolute against each other. >> salsa dancing. >> the dancing was very impressive i have to say. >> it is national cheeseburger day. >> i do have a cheeseburger later. >> fish chicken wings out of a bowl of ranch you have "fox news sunday" let's leave it like t that. >> thank you. >> i think that's why she has the show. >> still ahead tropical storm fiona as puerto rico braces for heavy hurricane like storms. >> christianity on the decline in america franklin graham joined us with his message of faith many americans are turning away.oc ♪ k >> tech: my customer enjoys time w

alix: that was dan suzuki, deputy cio and richard bernstein advisors. $30 billion of inflow through wednesdaythis week. where do you find safety? kathryn, what are you doing on a day like today? kathryn: -- positioned in value over growth, have a healthy cash position, have structured products that limits your downside. also limits your upside. there are products that we have been touting to our clients for some time and able to execute. certainly, cash and value, defensive, we are entering a recession. the fed is hiking into a recessionary environment. we need to have positions that can historically outperform in very difficult times like this. guy: catherine -- kathryn, what would persuade you to use the cash? what i am wondering is this. how far away from a cathartic moment are we? how far away are we from this market finding a clearing price? kathryn: if we go into a recession, we could see an additional 10% downside into equity markets. we could use that cash we have accumulated on the sidelines. i think there is more interest in the fixed income market. you have the 10 year yield, to ye

we mentioned the downgrade of the rails as we got a downgrade of csx and ump over to bernstein.respectively tomorrow disney's bob pay chuck in the 9:00 a.m. hour. we'll be right back. he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. trading. >> maybe some stocks are so low that they can handle losses like goog it is really extraordinary they lost the android appeal nobody seems to care maybe nobody seems to care because this stock is down horrendously something to watch, 19 times earnings for a pretty good company. >> yeah. they lost this appeal decision in europe. 4 billion is a record find. >> 4 billion here, 4 billion there. maybe it matters what i'm looking for is n

believe to be fentanyl-laced pills to the teenage girl who overdosed and found dead in a bathroom at bernsteinh school tuesday night. the young suspect was arrested at his grandmother's house and they found additional pills laced with fentanyl in that home. >> our work does not stop because these two individuals, 15 and 16 years of age are simply transferring and soldiering this distribution. there is a drug organization behind this. these are not overdoses, these are people who have been poisoned. these are murders. if you prey on our children, it will not end well for you. >> police say the victim, a 15-year-old and her friend overdosed on fentanyl laced pills that they allegedly bought from the 15-year-old suspect at the high school. they thought they were buying percocet. the friend is recovering in the hospital. as for the 16 who was arrested he is facing charges for selling drugs to another student at lexington park, located just a few blocks from the high school. now like so many families across the u.s., tragically impacted by this fentanyl crisis ramos's family is mourning her sudden

september so far 44% of surveyed users dining out at least once a week it's not just restaurants, bernsteinalysts calling this post pandemic era an opportunity to build scale, pivot to digital and highlighting names as disruptors in the space, mike. i don't know, the market move sort of shifts on this because restaurants are also considered very discretionary and you give that up when you're in a time of hardship in the economy. we're certainly feeling that on the inflation front. we've started to trade down and the restaurant earnings were kind of mixed. >> yeah, there's no doubt eating out is an extremely discretionary thing, but employment is very strong. that's the first stop in checking whether the consumer can keep up the dining out habit. food at home, groceries have had th enough of a price increase that some restaurants don't look so bad in comparison. so that's the bull case. casual dining has shown a little relative weakness because of the concerns you mentioned but if you think that could be resilient, then things like darden all of a sudden don't look too expensive at this leve

tomorrow on fox news sunday shannon bream has an interview with jared bernstein, check the local listings for time and channel. and on media buzz, howie kurtz will break down the mainstream media's take on republican governors sending migrant to democratic strong holds. that's tomorrow, 11 a.m. eastern. stay tuned. . >> tropical storm fiona is gaining strength in the caribbean. we're going live to puerto rico where residents are preparing for the worst. i brought in ensure max protein with 30 grams of protein. those who tried me felt more energy in just two weeks. uhh - here, i'll take that woo hoo ensure max protein, with 30 grams of protein, 1 gram of sugar and now in two new flavors (♪ ♪) i missed a lot of things when i was away. you know, cancer, chemo, covid, that kind of away. certainly missed my family, being with them. and i missed my friends, making movies. (light music) i love being alive, man. (sighs) and i almost lost it all. my immune system was totally shot. fortunately, you don't have to wait around for the worst. you can up your antibodies before covid comes knocking 'caus

meantime, coming up next bernstein's tony saginaki will weigh in on extra iphone production more to do with what to do with that stock as it tries to bounce off 145. stay with us on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting? ahhhhhh. item classification? ahhhhhh. cross-border sales? ahhhhhh. what about? ahhhhhh. ahhhhhh. do you have those budget markups? thank you. mmhm. [bubbles] >>> let's get back into apple. our next guest says today's news still keeps targets in line with expectations on the iphone but predicting the current cycle could end up weaker than predicted. tony, good to see you. my outlook for this cycle was lower units, higher margins and really the questions of, "a," does apple have the components to fulfill demand on the premium end? if so that'd be great. and are they going to get the comp on apples and watches given stores have opened this year >> i think that frames it pretty

. >> sandra: they are insisting and doing interviews insisting gerad bernstein taking that. >> take creditdollars because we aren't spending it on emergency and somehow we got the slush fund of 1.2 billion to work with, it's disingenuous and we haven't heard anything better from the biden administration on where you will pay for this. >> sandra: they are having a hard time explaining to the american people how the lower income, middle class american families aren't going to be on the hook for this. >> listen, we're 30.8 trillion in debt. annual deficits are exceeding a trillion dollars and we spent during the covid relief. democrats pilled on around 1.9 trillion of deficit spending of money we don't have that sparked inflation. the dollar you held at the start of the biden administration is only worth 88.3 cents. it is devastating for seniors and all of us. they have completely mismanaged our economy. two quarters of negative growth. our economy is shrinking, called a recession. they are throwing another trillion dollars of debt on the backs of our children and grandchildren. it is outrage

michael is the director of fixed income at richards bernstein advisers. good to see you. what is your take on what happened? >> it's unbelievable. i've never seen anything like this in my career where you have tremendous fiscal stimulus coming out of the uk and on the other side of the equation you have a central bank that is basically fighting against that stimulus. it's like they never went to college for economics and you have these people driving the ship. capital calls, pensions in the uk, the bank of england had no choice area they were cornered. the fed is not in the same position. whether you like it or not or agree with the chairwoman, think god we have janet at the white house right now because there is no way she would ever do anything like what they are doing in the uk. i think inflation is a big concern here and the fed is serious about getting it under control. >> what are you seeing in the credit markets right now in terms of the liquidity issues that you highlighted? >> liquidity is bad across all fixed income. everyone thinks the treasury market is liquid

bernstein david m.y david shelby berry joseph john berry william reed bethke yeneneh betru timothy d. betterly carolyn mayer beug edward frank beyea paul michael beyer anil tahilram bharvaney bella j. bhukhan shimmy d. biegeleisen peter alexander bielfeld william g. biggart brian eugene bilcher mark bingham carl vincent bini >> and my father nypd truck sergeant and sergeant major michael sean curtin. we miss you every day and god bless america. [applause] >> gary eugene bird joshua david birnbaum george john bishop kris romeo bishundat jeffrey donald bittner albert balewa blackman, jr. christopher joseph blackwell carrie rosetta blagburn susan leigh blair harry blanding, jr. janice lee blaney craig michael blass rita blau richard middleton blood, jr. michael andrew boccardi john paul bocchi michael l. bocchino susan m. bochino deora frances bodley bruce douglas boehm mary catherine murphy boffa nicholas andrew bogdan darren christopher bohan lawrence francis boisseau vincent m. boland, jr. touri hamzavi

woodward and bernstein were here. emma thompson was on this week.ephen: but tonight, you know, there's nothing the host of one of these shows wants to see more on the board other than the words "tom hanks." ( cheers and applause ) that's who we've got. mr. thomas hanks is here tonight. so that is going to be fun. do stick around for that. now, folks, i've been told that a lot of people out there watching consider me to be a something of a father figure. in fact, for some reason, a lot of people on twitter like to call me "daddy." ( laughter ) even more confusing? some of them actually want a spanking. ( laughter ) now, i love being a tv dad, and i don't take that title lightly. and right now, things feel unsettled in america, and i think we could all use a little reassurance. so, folks, dad's calling a family meeting! ( cheers and applause ) ♪ ♪ ♪ >> sephen: hey! oh! hey, kiddo. hey, kiddo. take a seat. cop a squat, buddy, okay? we need to talk. now, i know you're mad at me because i wouldn't lend you the car, but with gas prices the way they are, i

but yesterday jared bernstein kept saying gas prices are down. talk about the inflation number being up. if you said it enough, somebody will believe you. your final thoughts. >> it won't work this time. they did everything to trip up the oil and gas industry. took it up to $5 and brag about it coming down. got to call them out on it. >> trace: senator mike braun, great to see you as always. thank you, sir. >> you bet. >> fox is live in an arizona port of entry where agents are attempting to stop massive amounts of fentanyl from flooding the border as migrant arrests reach a new record. pete hegseth is standing by with more on that. >> personnel have encountered more than two million illegal immigrants and counting just this fiscal year. this is a larger group of people than the entire populations of 14 states. this record-shattering two million apprehensions counts the subset of people that were actually caught. woman tc: my a1c stayed here, it needed to be here. doctor tc: ruby's a1c is down with rybelsus®. man tc: my a1c wasn't at goal, now i'

. >> stacy, as always, they will clarify it and stacy rasgon of bernstein. >> our next guestsays theremore pain for equities as they'll remain higher. joining us now is mike vogel cap trust cio where he's finding opportunity. here we are, brand-new month, but the trend continues. you are looking at the dow, the s&p, the nasdaq down a percent and a half right now where are you seeing places to invest given the situation with inflation? >> yeah. look, we think in the equity markets we want to stay relatively short and short duration assets with higher quality and not so much pay are for growth out four or ten years. i thought the conversation with staysy is fascinating because that's the point we were making and this is another process or part of the process of deglobalization of the west separating gradually from china and from russia. we've seen the russian and chinese military exercises over the last week or so coming up. so this is only going to continue, and the reason we've had deflation over the last 15 years or so since the global financial crisis has been this sort of globalizat

behind that call is going to join us monday, jon, highest level, at least so far this month, also bernstein talks about higher ad margins, surcharges in the peak season, higher prime fees, arguing that ebit leverage will return. >> very interesting that amazon's doing a more effective job getting into google's house in digital advertising than it did in apple's when it comes to digital devices. apple continues to execute with pretty strong margins, heading to break, check out bitcoin, on pace for best week in a month. we're going to tell you what's behind that move when "techcheck" returns in just a moment at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. one day, you might wake up and think... time for a change. when your friend asks, want to try this place? and you say you know what, let's try this place instead. no sticky floor here. when you realize you've never seen a broadway show, so maybe you'll treat your parent

john: jessica roff and andrea bernstein of npr, thank you very much. andrea: thank you.: thank you. judy: ukraine's largest neighbor on its western border is poland, a nato and european union member that has its own long and violent history with russia. as vladimir putin looks to accelerate the war, i sat down in new york early this afternoon with poland's president, andrzej duda. president duda, thank you very much for talking with us. let's start with ukraine. you've just listened to president biden's remarks at the united nations, where he said what president putin has done in taking over territory that doesn't belong to him. and now with this overt threat of nuclear weaponry, that it should make our blood run cold. is that how you take what's going on? pres. duda: russia is in a difficult situation. russia has demonstrated its weakness. what russia has been doing so far in ukraine, the aggression d all the outrageous dimensions of the war which russia demonstrated in ukraine, as a matter of fact, have turned out to be a failure of russia. russia tries to change its t

police say the 2 girls were found last night around 9 o'clock on the bernstein, high school campus inlywood who are suffering from an overdose. one of the victims died at the scene. the other was taken to a local hospital and is expected to survive. investigators say there were 2 more reported over door says in a nearby park and that all for the victims are believed to be high. school students. police say it is common for drug dealers to laced pills with fentanyl and then recent years, the number of fentanyl related deaths in los angeles has gone up. california suing amazon over alleged bad behavior that held back competitive sellers and kept prices high. some of the things we typically like to buy. attorney general rob bonta is accusing amazon of requiring sellers to enter into agreements that punishes them if their products are offered for a lower price off the site that is believed to have tripped shoppers into thinking they were getting the best price when they're actually just getting the lowest price that was set by the company. bonta says the online giant has been violating the

bernstein downgrading the space tourism company to underperform from market perform, cutting its price to $4 from $7. the analyst there saying a pattern of flight delays and concerns about possibly needing to raise more cash, adding we now have less confidence in the success of this business the stock is not too far off the lows remember, this was a stock that was above $55 a share just last year it's about $6 right now. >>> up next, a top strategist who is skeptical of this week's market rally find out his top two short ideas straight ahead cyber stocks soaring and a big day for caterpillar and 3m when we take you inside the market zo wh neitthe dow surging, it's up more than 430 points. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. 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 short

headline might be out of dream force this week can we think about what -- i mean, i think it was bernstein said it might be a nonevent to the extent it is a nonevent, what news might come out of it? >> i'll open with one thing that's a bit personal. for those of us who live and work in san francisco, it took me 40 minutes to get here this morning, which is great. that means it's really busy. we have 40,000 visitors in the city that's great for the local community, the workers, the restaurants. the workers. there's three things i'm looking for. one is product brett taylor talked about genie their new product they're going to put out there's two other things in terms of the market. one is tone. in 2020 and 2021 we had cloud software really driven and outlook performance is the third thing everyone going to look for. last year they anonethelessed this goal of 50 billion on obscription revenue in fiscal 25 tbd given how they revise outlook. the product and genie launch, the tone they set in the marketplace and forward performance outlook. >> it'll be really key going forward. thanks for being