national economic council director brian deese will join us live at post 9 to talk about the diverging signals we are getting from corporate america first up, though, today's market, mike santoli, we're giving off yesterday's gains and then some. >> yes, we are markets are struggling in the continued march higher of yields, apprehensive ahead of tomorrow's fed meeting bracing for hawkish, although trying to find its footing, the s&p is at the lower end, four to five-month range that's just over 3800. i say that because if you draw a line right back this way, four months ago today, may 20th, the intraday low was 3810. we bounced on of that a few times. the low each day this week has been -- or two days this week has been under 3840. it's right in that zone. you see that overshoot down to the june lows. that's the thing that looms out there. it's a few percent down from here as you can see, still kind of a struggle and a churn side ways at best at these levels. take a look at one of the big overshadowing drivers here, which is the move in global yields, the selloff in global bonds. this

joining us with first reaction out of the white house, brian deese, great to have you, happy friday the white house was asked about the jobs number earlier in the week and the spokesperson did say we do expect some to cool. your reaction to the print >> it's good to be here, carl. there's a lot of encouraging news in this report today. on the jobs side, we saw at 350,000 jobs, we never look too much at one month. but if you look over the last quarter, there's about 375,000 jobs a month average that is down from earlier in the year at 5 or 600,000 jobs but still a very solid pace. and i think the big encouraging sign in this report is on the labor force. so we saw the largest increase in labor force participation so far this year. prime age labor force participation, that's among working age americans, is now at its highest level, a couple of months before the pandemic, that we've seen in a decade women's participation now higher than pre-pandemic levels so we're seeing people come back into the labor market. that's the kind of thing we want to see so a lot of encouraging signs here in t

in addition to yelin, axios also says the national economic council director brian deese could also beeparting as soon as next year. >>> lyft says it's freezing hiring until next year, citing the economy. it decided in may to slow hiring and rein in costs. shares are down 60% this year alone and up to 80% since 2019 they released a proposal meantime to restrict stock ownership and trading by members of congress. the president and vice president as well as supreme court justices and other high-ranking officials. the bill could be introduced to the full chamber as soon as today, but any vote on the measure is uncertain at this time in addition to equities, the bill's restrictions also cover commodities, futures, cryptocurrency, derivatives, and options. frank? >> our bertha, thank you very much we'll see you later on in the show. >>> back to broader markets, u.s. futures with stocks trading at their lowest levels of the year and we also have a flurry of fed officials appearing to do their best at dampening the appetite for risk assets. all of them striking hawkish tones, calling for more

he look at the biden administration's policy agenda with white house economic council director brian deesef washington, d.c. >> c-span now with a free mobile app featuring your unfiltered view of what is happening in washington, and on demand. keep up with today's biggest events with four proceedings from the u.s. congress, support, campaigns, and more from the world of politics. also stay current with the latest episodes of washington journal and find scheduling information for c-span's tv network and c-span radio app. c-span now is available in the apple store and google play. download it for free today. a poll came out recently asking t

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white house economic adviser brian deese told me that regulation can actually help foster innovation.opportunity to drive productivity and drive benefits in our economy, but only when we take seriously and focus on the risks, both that we can and see that can develop very quickly. and we have seen when we don't do that, we not only end up with episodes that can hurt millions of americans, but they can stamp out potential innovation in the future >> now, the reception from industry was chilly. the block chain association called it a missed opportunity and a top republican lawmaker accused the administration of focusing on the dangers of digital assets instead of the possibilities. now, brian deese told me that the white house is committed to including in the conversation industry groups, as agencies begin to griftcraft those rules. >> ylan, thank you very much >>> up next, check out another mystery chart. this is actually a mystery we kept the name off shares are down nearly 68% this year, but that is not stopping the company's high-profile ceo from buying the most of its own stock tha

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david: for young people watching this that say, i want to be brian deese, i want to work in the white house, what is your best advice to prepare for this kind of job? brian: if that is your exact inspiration, that is ill advised. [laughter] i would say, i can't encourage strongly enough, anybody who has any inkling toward public service, to engage in it. it is incredibly important in our country right now for more people to serve. it can the hugely impactful and rewarding to do so. and i know there's a lot of cynicism and skepticism out there. but i think there are so many different ways to serve the public, that if you have any inkling towards that, one, raced toward it, and if you are interested in getting into policy, there elements that are true in the public sector, too, be humble, be willing to work a lot, and be willing to not have any expectation or entitlement, but also have a lot of aspiration, and willing to step to the table. david: what would you like to see as your legacy for what you've done with your career to date? i suppose, if somebody wants to write a book about yo

he will bring you a conversation on the biden administration policy agenda with the -- brian deese. you can watch these events live. you can see the white house briefing and the senate rules committee on c-span now or online at c-span.org. >> now available in the c-span shop, c-span 2022 rational directly --congressional directory. this book is your guide to the federal government with contact information of every member of congress including bios and committee assignments. contact information for state governors. order your copy today at c-spanshop.org. with congress saving the september 30 funding deadline, the house and senate are expected to support a federal spending bill to prevent a shutdown. veterans -- the senate returns this afternoon at three eastern and will vote on whether to proceed to vote on a spending bill to avert the shutdown. watch live coverage of the house on c-span, the senate on c-span two and you can watch on your free video app c-span now or on c-span.org. >> c-span is your unfiltered view of government. we are funded by these television companies and more

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a conversation on the bind and ministrations policy agenda with brian deese. on c-span2, the senate returns at 3:00 p.m. eastern in votes on whether to proceed on a short-term spending bill to avoid a government shutdown. >> c-span is your unfiltered view of government. we are funded by these television companies and more, including comcast. >> you think this is a community center? it is way more than that. >> comcast is creating wi-fi enabled so that students can get the tools they need to be ready for anything. >> comcast supports c-span as a public service, along with these other television providers, giving you a front row seat to democracy. >> next, nasa holds a news conference after successfully crashing a small unmanned spears craft into an asteroid with the intent to redirect the asteroid's trajectory. the spacecraft was first launched in november last year and traveled 7 million miles to reach its target. the mission is being studied as a possible method of defense against celestial objects that pose a potential threat to collide with earth. >> good e

pete buttigieg and tom vilsack who were deeply involved and also deputy labor secretary, and also brian deesetional director of labor celeste drake for this commitment and hard work. to the american people, this agreement can overt a significant damage that any shutdown would have brought. our nation's rail system is the backbone of our supply chain. everything you rely on, and it is hard to realize this, everything from clean water to food to gas, to every day -- i mean liquefied natural gas. every good that you need seems to be on a rail. with unemployment still at record low and signs of progress at lowering cost, this will allow us to continue to rebuild a better america with an economy that works for american families. today is a win, and i mean it sincerely, a win for america. so i want to thank you all for getting this done both business and labor. thank you, thank you, thank you. and may god protect our troops. thank you so much. [ applause ] >> president biden calling this deal a big win for america, big win for americans. what we do know is that if they hadn't reached a deal, it cou

buttigieg and tim vilsack who was involved and julie sue, director of national economic counsel brian deesethis commitm and hard work. for the american people, this agreement could avert a significant damage that any shutdown would have brought. our nation's rail system is the backbone of our supply chain. everything that you rely on, it is hard to realize this, before fr clean water to food to gas to every day -- i mean liquified natural gas to everything -- every good that you need seems to end on a rail getting delivered to where it needs to go. with unemployment still in record lows and signs of progress, this allows us to continue to rebuild a better america. with an economy that truly weres for working people and their families. today is a win, sa win for america. and so thank you for getting this done. both business and labor. thank you, thank you, thank you, and may god protect our troops. thank you so much. [ applause ] >> mr. president -- >> mr. president -- >> mr. president, grocery prices are up over 13%. what do you tell struggling americans? >> are you calm the situation at th

on the biden administration's policy agenda with white house national economic council director brian deese. on c-span2 the senate returns at 3 p.m. eastern and vote on whether to proceed to a short-term spending bill to avoid a government shutdown. >> with congress facing a september 30 government funding deadline both the house and senate are expected to work on a short-term spending bill to avert a federal shutdown. the house returns wednesday at noon eastern. members will vote later in a week on veterans affairs and banking legislation. the senate returns this afternoon at three and will vote on whether to proceed to a short-term spending bill to a bird that, shenton. they will debate a proposal by a lesser gender senator joe manchin on streamlining the federal permitting process for energy projects. watch live coverage on c-span now or online at c-span.org. >> c-span is your unfiltered view of government. we are funded by the television companies and more including wow. >> the world has changed. today fashion bible internet connection is something no one can live without so wow is ther

the white house is also considering the possibility that nec director brian deese could leave as earlys neck year and cea chair cecilia rouse could return to her economic post next spring i think the most interesting part is the reasons they gave. if you read between the lines, janet yellen has been reluctant to make some of the overly political remarks that the white house has wanted to put. two of them would be faulting the administration and forgiving student debt she doesn't feel nezly as comfortable in some of the political positions. >> it's tough the economic backdrop is tough i don't know that i'd want to stay would you? i think the latest abc news/"washington post" poll says it's not going to be skewed to benefit one side or the other. >> what did it say >> it said -- what was it -- 36-57. 36 approval on -- >> the economy for the white house? >> 57 total. underwater by 21 points. that's a big number. a bad number for november too. >> it is speaking of underwater. >> yeah. new in the last hour, hurricane ian strengthening now into a category 4 as it draws closer to land fall la

brian deese said without proper o oversight, cryptocurrency is risking every day americans. the fed should keep exploring a digital krcurrency which the whe house says could have benefits the department of energy and epa will track the environment al impact of crypto there is a focus on finance. the white house is weighing whether to ask congress to amend the bank secrecy act and money laundering laws to reference digital assets treasury will risk digital assets this is the follow-up that the white house released back from march. the cryptocurrency industry worked closely with the administration back then we will see what happens today guys, think of the release of the blueprint for the regulation down the road. the regulation is coming back to you. >> ylan, thank you for the report we will keep our eyes on this as it progresses. >>> when we come back, we will talk about how it is a quadruple witching friday. it adds to the volatility. stock index futures and options and options and single options expiring during the final hour of trading we will ask stephanie link why this

involved along with a what effect deputy labor secretary julie su, director national economic council brian deese and the deputy national director of labor celeste drake for this commitment and hard work. to the american people, this agreement can avert a significant damage that in the shutdown would have brought. our nation's rail system is the backbone of our supply chain. everything you rely on, it's hard to realize this but everything from clean water to food to gas, to everyday, i mean liquefied natural gas, to every good that you need is on on l getting delivered what needs to go. with unemployment still in record lows and signs of progress and low in cost this agreement allows us to rebuild a better america with an economy that truly works for working people and their families. today is a win, i mean this sincerely, a win for america. i want to thank you all for getting this done both business and labor. thank you, thank you, thank you,, and may god protect our troops. thank you so much. [applause] >> mr. president -- >> mr. president -- >> grocery prices are up over 13%. what do you tell

elena in the very near future and from the director of the national economic council , brian deese, andin our program about how the yield of securities , or rather capitalization, of securities with fixed income, including american treasuries , is falling american government bonds. so first, special military operations. the capitalization of all these securities shares. these are not stocks. these are government bonds. most of it fell by $57 trillion and $80 trillion . well, indeed, today the markets of the united states of america are experiencing a very powerful fall, and this chart only once again confirms this. uh, it has to do with inflation, which, uh, is not calming down, uh, and the federal reserve is revising its inflation forecasts for 23 for the third time in a row. first it was 2.6, then 3.2. now. this is already four and six percent will be the rise of the fed's interest rate, which indicates that they expect inflation to be quite high. this is, firstly, and secondly, this is due to the fact that today the markets are more and more switching in anticipation of a recession,