blinder: i think we are.an example of that, i think you could make the case we are they are now -- are there now. you do not have to make the case, because labor participation is not back where it was, but it is possible to make that case given the unemployment rate, the joel data, and a number of other things, we are pretty much at full employment now. romaine: we are at full employment. there was a general shift, though, that we heard out of the fed, i think it was about a couple years ago out of jackson hole, this idea that they were putting a little more emphasis not just on employment but more importantly on, i guess, an even recovery. you talked a lot about the difference in rates between black and white and employment, the gender imbalances here. do you see it all a commitment to that still based on what we heard out of them today? dr. blinder: well, i think the commitment appears in the dedication, really, the pushing the unemployment rate very very low and keeping it there. it was 3.5 percent before

tom: there's a good guy named blinder who has done pretty good in economics.der's acclaimed quotes is you know inflation is not a problem when people stop talking about it. when do we stop talking about inflation? seth: i think that is probably some time off because for the regular person, they don't look at the cpi index and annualize it. they ask, am i paying more to put gas in my gas tank? mi paying more to buy food at the grocery store? we easily see inflation itself come down a great deal, but price levels being high, especially for the ones for consumers, is going to be a long time that the discussion is in the air. tom: thank you very much. we are minutes away from the ecb decision, widely understood not to be news breaking what we saw with bank of england. but we do have a moment here as well. it is as you syncretic -- it is idiosyncratic, but maybe not. it is the unraveling of the turkish economy. i don't know what to make of that banner. lisa: basically, there are a series of economic measures erdogan is putting out there, and terms of raising the mi

he's playing a blinder, right? but if you kind of examine it for more than 2 minutes, i don't know whether you got the national reach that bar johnson has. that will be people who got their i on the big job. i just don't think his days on nobody in quite that way and does the prime minister new estimation still have the the will to be prime minister. i mean, many prime ministers come to the end of the title. they just get fed up with it. i think that he wants all the glory and not the hard work. so i, you know, the difficulty is, is that whether he's actually got the, the genuine stamina, the stamina that is required, see really lead because it's fine. you know, making great speeches. when is a great speech, i mean, rhetorically clever people laughing, being in the limelight. but actually, as he has obviously noticed, is quite hard running. the country is quite hard being on the international state and you can make mess ups. and he does it all time and people are less forgiving in this week. whatever one things bac

there was this deal signed with china that i feel like put the blinders on any sort of pushback because we go out for years and years and in january, 2020. they wrote a letter saying what is going on here. they were called racist and horrible and xenophobic so they didn't get the full extent of those. they had been through and had seen the failures from the government standpoint. they called them t in some cases and said we are going to need you to get on top of this. in a short period of time we had the government bureaucracy with of these labs it created a new path. they had to ration it about who could be tested. we know how to do this and it just took so long if we had of this rationing, it's not something you typically see in the free market. then on the other one it is a huge head scratcher around the personal protective equipment where we run around and we get all these companies to round up ppe. there was the government and pushback, whether it's people masking or not to mask, all these crazy things the media went into and decided to take a different set of actions. not just in

certainly we've seen significant blinders and gas prices over recent weeks. fairly bullish outlook for oil prices and gas prices for the next quarter to reflect this. it looks a little punchy here. we are expecting brent crude at around $86 per barrel on average for q1. while that might seem a big jump from here, we've seen almost $10 in just the space of a few days. it's not complete we out of the woodwork there. we've bake that into our growth assumptions. we still hold our consensus outlook. the higher gas prices and oil prices rise, that will be innovative for growth. when we look at the short term, oil prices only hold a small effect on the likes of euro-dollar. there are much greater drivers. dani: to be fair, $80 or somewhere in there for oil doesn't seem too crazy when we've seen trickle digit predictions as well. really appreciate your time. enjoy your holidays as well. we are looking at a market rebound when it comes to european equities. up half of a percent, basically flat when it comes to the u.s.. oil up 3/10 of 1% as well. again, we are current

are we sitting here with blinders on? no. as long as we can operate in a manner that is successful, we would tend to be here. >> bill, final question. the big theme over the last 24 hours has been an admission by the federal reserve that it will start raising rates. we saw that demonstrated by jay powell last night. a, do you think that is necessary? do you think we are in an inflationary cycle that requires a monetary response? what impact do you think that will have on continental and the wider energy story? >> you are sure are seeing the trends out there, all the information coming out that it is clearly describing inflation is back at the highest level we have seen in 30 years. no doubt that is being manifested throughout the whole industry, petroleum industry as well as every other industry. we are a commodity, so we have to take the cost into consideration of every decision we make. we just have to operate better. the one thing that may play into this, from a regulatory, government perspective can be done? the number on

it doesn't sparkle -- >> stephen: it doesn't sparkle as much from an angle but straight on it's a blindere my tie? >> i like your tie. >> stephen: you do? it's the first night i've worn it. they-- they liked my tie. ( cheers and applause ). it's just a tie. okay. here's another classic: "merry christmas, i saw mommy kissing santa claus." but the first draft said, "merry christmas, i saw mommy assuring santa claus that it happens to all guys and it's nothing to be ashamed of." ( laughter ) ( applause ) i don't understand that one. i don't understand that one. i don't understand. i have no reference. >> i'm not saying a word. >> stephen: no, you're not. no, you're not. no, you're not. no, you're not. >> have a little more of this. >> stephen: exactly, there you go. a little bit of that. mmm. mmm. >> anniversary nice. >> stephen: very nice. >> this is the last one. that means i have to leave. >> stephen: you can stay. you just can't be on tv. ( laughter ) other people are coming out. >> i think we should go to, like, a party because i got dressed up. >> stephen: let's hit the club, girl. you

into consideration any of the ramifications of what we're doi it's like you're going ahead with blinders on. and almost like zombies everybody has to lihave this vaccine. you know? e fact of the matter is, we have a tremendous medical system here. and why not let people have the real information and work with their healthcare providers one size does not fit all.e certainy for elderly people you know, the vaccination seem to make good s when you do a benefit/risk anal but for young people particularly for children who are healthy, who have almost zero risk from the virus, why would you now subject them to long-term risks that you don't know anything about. >> that's exactly right, doctor. dr. fauci was just on another network, msnbc, and when a reporter asked him if you should allow a family member to your house for christmas if they haven't been he said, i would don't that. for someone that we trust doctor, what is your advice on that? >> well, my advice is to use some common sense. if they're -- if your family member has had covid and has natural immunity, they are safer than somebody w

with hundreds of millions of dollars, desiring instead billions of dollars and those riches create blinders dalio. >> now is a top-down country, what they're doing is like a strict parent. they behave like a strict parent and go through that. that is their approach. we have our approach. >> a strict parent, just like, you know, casey anthony. even companies that here in the u.s. pride themselves on progressive values, will white wash for gold, for chinese release of marvel's "dr. strange" turned a tibetan character into a celtic one, reportedly for fear of china. and a flag of taiwan patch and paramount's replacement patch, decidedly not taiwan for next year's sequel. here's disney in the credits for "mo "mulan," thanking them for it and where the genocide is happening. disney, of course, bought the rights for the streaming service. and this shows tiananmen square, the site of a brutal crackdown on protesters, a sign reads in "the simpsons" -- on this siete in 1989 nothing bad happened. disney has not responded for request for comment. that episode in hong kong disappeared like peng shuai,

assets to air, ground, and see assets -- sea assets, command-and-control secant just cut one and blinder leadership. -- so you can't just cut one in blind our leadership. if we can keep moving those goalposts, including our commercial partners, to get him involved moving those goalposts, i think it will have a positive effect. >> how are you looking at the effect of inflation on the air force budget? >> we will manage on the inflationary curve. i am not an economist, but i have spent a fair amount of time studying it. the now is being driven by covid. -- inflation now is being driven by covid. so i think there is reason to be hopeful. we will see how it plays out over the next few months. i have a memory that goes back far enough to remember pretty well the hyperinflation in the 1970's. i don't think we will see anything like that. i think this will be much more manageable. we will make adjustments and manage whatever we see. i don't think it will get out of control. it does not keep me up at night. >> i want to put up our second slide. we are short on time. we have been discussing confi

throwing in the towel, chalking up that loss, but it really does to bo to the frustration of the blindershat have been put on around covid that we'll double down on bad policy, we'll hang our hooks on the vaccine, we'll not focus on anything else that is going on economically or socially. we're not going to focus as much time on therapeutics and trying to manage and control something that scientifically people using common sense knew was not going to be able to be controlled in that way. >> bring up such a great point because the therapeutics would have helped everybody that caught the virus get back out and about to live their lives but they were so vaccine heavy, they dropped the ball. we're in this rut. cdc reducing quarantine time, i think bowing down to pressure here. omicron for most people has not been that severe to have these huge quarantine time periods of 10 days or more? >> yeah. you're seeing people who have bought into the cdc's narrative which by the way has bowed to all kinds of pressure. it has bowed to political pressure. it bowed to pressure from teachers unions and spe

it's been blinders on, down this path. that doesn't may any sense scientifically or any other way.need to take advantage of the tremendous medical facilities that we have and the knowledge that people have, stop badgering the doctors and trying to tell them what they have to say and what they have to do. and let them use their medical expertise because every case is different and it depends on what your co-morbidities are. what your age is. there are a whole lot of factors and trying to put everybody into one size doesn't make any sense at all. >> brian: real quick the nfl is deciding not to test double vaccinated players if they don't have symptoms. this way if you have asymptomatic symptoms you could slip through the cracks. is that a good move? real quick, dr. carson. >> i think it demonstrates that they are thinking. and that's very good. i'm glad to see that somebody is actually putting a thinking cap on and doing something that makes sense. >> brian: just seems to me to be the right thing to do because we walk around every day, we could get the flu, could get strep throat. an

which was fascinating to me as you had a trade deal that was signed with china i feel like put the blinders on any sort of pushback against what we were hearing out of china because it had been going on for years and years and finally we get a win in the middle of january, 2020 and the president at the time is going so excited thank you for your efforts in helping to keep this new virus away. so, there was a sort of pushback other than a few people i mentioned who wrote a letter saying what's going on here. in terms of telling the truth, you had the world health organization and so we really downplayed it in the beginning and there were travel restrictions put in place debate of course those were called a racist and horrible and xenophobic. so we didn't really get the full extent of those but i think that the biggest issue came around the area of testing and if you look at places like south korea they had seen the failure from the government standpoint. so, right away they enlisted the private sector and pulled the cases from the new year lunar celebration and said get here right now. we ne

not seeing it, movie theaters are open, sports stadiums are full, you know, they can kind of put blinders to be in the middle of one of the waves. >> honestly, we are very concerned about where we are at the present time. we are at the fourth surge now in michigan. the number of hospital san diegos hospitalizations are seeing what we saw in the spring of 2021. and the problem these numbers are not only in specific areas in michigan, but throughout the state. and it is taxing our healthcare systems, our hospitals, our staff significantly. and it is honestly takinge ing from the capacity delivered care. >> what you're seeing now, the hospitalizations, this is pre-omicron, the bulk of the folks now crowding icus, is that from the delta surge? you haven't seen the worst of omicron? >> you're absolutely correct. and this is why we are very concerned. because this is a result of what we have seen with the -- that started with us in fact in august. i was looking at our numbers and we started seeing this in august. and it has peaked last week. but you're very concerned because as our test positiv

she seems to have blinders on. she's caught up in -- we are not bringing this economic crisis with citizens upon ourselves. we are terrified. we are in debt. we don't believe a thing anybody says anymore. with politics, it seems to get worse and worse and worse. and i'm trying to laugh because you got to make light of it. the callers, they come in, i listen to all these, so many -- i would love to have -- sit around the campfire with. it has to be about the people. these rich politicians that have had the reins for so long, guess what? let's change it up a little bit. let's rewrite it. and let's bring about -- give other people a chance. because apparently if you are a millionaire, you still can't do it right. host: when you say give people a chance and rewrite it. what do you mean? how do you think that will be achieved? caller: there is a lot of the constitution that i appreciate. i am an american. i consider myself a patriot. i love people. i hate suffering. we all suffer. a lot of times their voices don't get h

we've got to put blinders back on and do the job and the job is holding powerful people accountable. >> no matter who's in power. se, will, julia, thank you. please come back in a little bit. >>> up next here, why the conventional rules of political journalism no longer apply and, more importantly, what should replace them? jay rosen will have answers. >>> later, frequent fox guest evan nunez, what was he thinking going to trump's new media outlet, actually joining him? we'll get into that too. like pulsing, electric shocks, sharp, stabbing pains, or an intense burning sensation. what is this nightmare? it's how some people describe... shingles. a painful, blistering rash that could interrupt your life for weeks. forget social events and weekend getaways. if you've had chickenpox, the virus that causes shingles is already inside of you. if you're 50 years or older ask your doctor or pharmacist about shingles. ♪ ♪ ♪ (sha bop sha bop) ♪ ♪ are the stars out tonight? (sha bop sha bop) ♪ ♪ ♪ alexa, play our favorite song again. ok. ♪ i only have eyes for you ♪ ray loves vacations. but his

just want to make sure that we're doing right by them, and that's got to be almost like our -- put blindersand just focus on what we're trying to do, working for working people. >> right. an optimistic congresswoman. thank you for coming and happy holidays. >> thank you. same to you. >>> coming up, covid outbreaks in major cities. a shortage of at-home tests, travel concerns and more countries shutting their borders. we'll have the latest on the covid surge and the crisis response next. you're watching "meet the press daily". - [announcer] the american dream. for children in rural communities, it's slipping away. the gap between that dream and their reality is shocking. the gap between nutritious food and aching hunger, a good education and falling behind in school. but together, we can change that. with your help, local communities can get the food and resources they need to keep children well fed and ready for school, and if there were ever a time for you to help, it's now. sponsor a child with save the children and help give that child and so many others a chance for a better future. - y

squawk on the street" as we await the house, we're joined by princeton university professor, allen blinderve you back on the show we have the treasury secretary testifying and the key focus is on the fed chair, on jay powell, given the fact he took such a hawkish tone or what was perceived be a hawkish tone in front of the senate yesterday. i was reading dewy's fed watch and he noted that powell's comments to discuss a tapering that, quote, this is about as close to frontrunning the fome decision powell can get without out right saying the acceleration will happen >> i'm surprised -- by the standard of fed chairs, he was very direct. in an absolute sense, it wasn't direct in normal discourse but when you think about how direct they've been about giving out any information of that nature t was a modest departure, maybe more than a modest departure of norms >> it did seem like the market was starting to price in this type of sentiment and then we started to get the headlines the end of last week around this new covid -- omicron variant what to you make of the timing of this pivot by powell,

what we needed and this is the issue for central planners around the globe whether australia have blindersd. we have economic and social prop that were buried weather delays in development, mental health, although the economic cost from inflation to discretion untrue disruption of the supply chain to wall street in history. this is something that was not only tolerated but welcomed too many citizens let it go on for too long we need to get back to the responsibility and normalcy. david: if you give them and angela take a mile. it's a slow incremental process. they say that about a frog if you put up in boiling water they will jump out but increment hell died because he doesn't know he's at risk. >> and a lot of the blue states i wasn't even incremental was totalitarian and abrupt and red states flipped acting forth. the answer from the beginning is the better angels of our nature for people to do the right thing as to their fellow citizens and wear masks when their private situations and all this kind of stuff but not the heavy-handed mandates i can't believe australians are just now getti

everything from "young sheldon" to "better call saul" to "the crown," "ted lasso," "barry," "peaky blinderswe've been celebrating the christmas, ho, ho holiday spirit ever since thanksgiving. >> i could talk to you all morning. tell us before you go, what about your holiday traditions? you talked about the cooking and wrapping of the gifts and streaming of everything, it sounds like but what are the things that are special in your household around the holiday? >> well, what's really special in our household during the holidays is basically giving, having fun, being with family and friends and remembering that it is jesus' birthday and celebrating him, all the many blessings that he's given us. >> that sounds good. reba mcentire, it is so good. thank you for popping in but we want folks to know they'll see some more reba mcentire because coming up, you have a special performance of "i needed christmas" so we're not done seeing reba mcentire just yet. >>> also, coming up here, we have action star neil patrick harris? yes, there he is. he's going to join us live. stay with us, folks. with us,

but that's very different than saying put blinders on and just buy the value indexes.n which we have an underperform they live in the value indexes, but they're really expensive relative to their own history, relative to the s&p. that doesn't mean they're growth stocks, they're just expensive stocks that live in the value indexes. we think you want to take more of a factor approach focus on strong earnings revision, profitability, kind of a quality wrapper. but apply that screening or analysis across all sectors. the only sector that sort of checks a lot of the boxes of strong growth but reasonable valuation, strong balance sheets, in general, is healthcare that doesn't mean we think healthcare is going to be the winner on a week to week/month to month basis, but that does embody a lot of those factor characteristics that we think ultimately will define more in terms of leadership than a more simplistic sector or style-based approach >> yeah. it's been a bit of an underperformer lately. liz ann, thank you for joining us >>> the home builder etf rallying nearly 50% so f

you can see technology driving into the delay of other cars you'd have to be blinder than stevie wonderhat perspective that's in our view a legal risk. so listen i know that stock prices, tesla's chinese factories. we need to see the financials. i believe the costs are loaded i believe making it significant for the company they are between 35 and 45,000 this quarter, to justify where the valuation is, they need to grow 3500,000 per quarter. which means they need to ramp every single quarter i'd like regina's plan, reality will set in with all this free money in the market. >> i don't know, now, 2018 it wasn't at 300 unless you are using three split numbers. it looks it was way below that let's say five years from now, tesla is a viable company still doing well, let's say it's near gene's target at 2500. at that point would you say my analysis didn't take into account everything else that it should have taken into account for the stock price? i was right about fundamentals, about this whether it's the fed or whether it's you know a greater fool theory took over whatever it is, would you

he's just been -- he's got his blinders on. vaccines, vaccines, vaccines. and then they scaremonger both ivermectin and hydroxy hydroxychloroquine. are you afraid of those? if you have covid, would you give those a shot? i would. i'm not a doctor or medical researcher, but i've been in contact with doctors who have the courage and compassion to treat. when i have a friend or constituent that calls me to say what can i do, i refer them to a doctor who treats them. and i have example after example of these things working. keeping people out of hospitals, certainly preventing death. i know it's anecdotal. but the evidence is mounting, and it's getting to the point of being ir-- i think it is at the point of being irrefutable. let's compare this to the drugs of choice of dr. fauci and the covid gods. take a look at remdesavir. the studdies were weak. they changed the end point of reducing death, because it didn't, to changing dates in the hospital. they rushed through the emergency use authorization and it's been the treatment, because it's blessed by the covid

a lot of money that goes to trying to convince voters they should be putting blinders and blindfoldsn and vote right. manchin is just playing games with us." our social media avenues are available to discuss that. text us at (202) 748-8003 if you want to do that. sterling in maryland on the disagree line. caller: good morning, pedro. i disagree with what manchin said. people call and say -- talk about socialism. socialism is the police force, the firefighters, the military. that is socialism. sorry. the other thing is, america is not a center-right country. a high percentage of all the republicans and high percentage of the senate, they are corporately controlled. it is not that people of west virginia did not want these policies. 90% of people supported most of the build back better in west virginia and 60% voted for the -- 68% wanted the entire package. they wanted him to vote for this. joe manchin is doing what is best for his corporate interests, his donors, the people to give him money. kids riding around on boats and yachts. manchin is not for the american people. he said he th

the right needs to take the blinders off, rose-colored glasses.hey are like monkeys, see no evil, hear no evil, speak no evil about trump. he is a lying fraud. we went through four years of this nonsense, and all those senators and house people always taking up for him, spreading his lies, he is a cancer. and all those people, all those senators and house members, ron johnson, loudmouth out there, they just talk a bunch of crap. please stand up and fight for our voting rights. they delay, delay, barriers in the way. and the build back better. and manchin and cinema -- sinema this is from yesterday, oh, [video clip] . >> here we go again -- i hope they see what happens when democrats get total power. they abuse it. they intimidate, threaten, and they harass. and they try to put their political opponents in jail. in a matter of weeks, the committee has passed three criminal contest citations. today we vote on holding mark meadows in contempt of congress. onset timber 23, 2021 -- on september 23, 2020 one, mark meadows was served a subpoena for a swe