cecilia rouse, welcome to the newshour.ow quickly is the aid from this relief package going to reach people and i'm asking because ople like the senate republican leader mitch mcconnell say that the economy was already poised to take off. that this isn't really going to make that much difference. >> oh, well, i guess i would beg to differ. first of all, the aid ialready reaching people. the treasury department worked very hard to be able to distribute checks, i think already 90 million people should have already been receiving checks or will receive them this week. more to come over the following week. so people are already receiving the aid. i disagree with senator mcconnell. our economy is still suffering. just last month we got our employment rort and we saw that we are still nine and a half million jobs short of where we were last year this time. we know that over four million individuals have been unemployed for at least half of a year, we know that over 4 million people had completely withdrawn from the labor force so

chair of the council of economic advisors, cecilia rouse.e will have more follow-up on the federal reserve and the 10 year yield touching 1.75%. financials rally. investors, concerned about the fed's approach to inflation or at least cashing in on short treasury trade. we are also going to speak to eric r., award-winning chef, about the state of new york's restaurants. first of all, let's take a look at what is going on in the market. there's a little bit of an equity selloff pair would on the tech end of the spectrum. -- equity selloff. certainly on the tech end of the spectrum. the 10 year yield is currently at 173.5. it has been over 175 in today's session. a big selloff in treasuries. more shorts coming in pushing yields higher. crude, slumping. down 6%. $60.83 a barrel. we also have a ton of stock movers today that you are going to want to keep your ion. with the rise in rates, bank stocks have been big gainers. jp morgan and bank of america for example have been big on the upside. apple has been a big loser. a very heavily weighted sto

i am so sorry, please, cecilia rouse, come back soon. we want to complete our conversation and we are sorry for the connection. meanwhile, house minority leader kevin mckarthy is leading a delegation to the southern border today as republicans try to seize on the new surge of unaccompanied surge to the border on the trump border policies. as the biden administration is facing a growing challenge crossing last week alone. including no longer requiring asylum seekers to remain on the mexican side of the border. democrats and immigration activists say that policy is inhumane and had to be changed. now the biden administration is deploying fema to move migrant children from overcrowded border patrol stations that were mostly built to mexican adult men into shelters to get the services they need and housing children at unused school buildings and even a vacant nasa site. garrett hake has the latest from el paso, texas. >> good afternoon. republican leader kevin mccarthy and a dozen or so agents will guest a tour and they will meet with report

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cecilia rouse, chairman of the president's council of economic advisors, thank you.ie: i'm stephanie sy with "newshour" west. we will return to judy woodruff and the rest of these -- the program after these headlines. today, southern counties in southern california east covid restrictions allowing in-person dining, movie theaters, and gyms to reopen with capacity limits and mask requirements. meanwhile, president biden voiced hope of reaching covid vaccine skeptics among former president trump's supporters. polls show many of those voters oppose the shots. the president said doctors and ministers might do more than mr. trump to sway them. also today, officials announced bigger medicare payments for giving the shots in a bid to reach under-served areas. >> we believe that the medical professionals that are on the frontlines of this vaccination effort -- by the way, the same people that are on the front lines of this entire pandemic -- need to be taken care of. and we think that's going to do the job of both increasing vaccinations as well as improving equity. stephani

cecilia rouse. dr. rouse, thank you very much for being here. on your confirmation. >> thank you very much. it's a pleasure to be here. >> so we've spent all morning talking about what's in the covid relief package that the president and vice president will be fanning across the country to sell to the american people. but there is one thing that's been a part of this conversation. and that is the specter of inflation. and i want to have you take a listen to what house minority leader kevin mccarthy had to say about this on thursday. >> we have already now will have spent more than $5 trillion. if you put it in today's numbers, the world war ii, we only spent over $4 trillion. it's a real concern that your viewers understand this more than others. the amount of money going into the system, it really could cause inflation in the future. >> dr. rouse, are you as concerned as leader mccarthy is about the specter of inflation? >> well, look, i think it's really important to understand how we got to where we are, which is we have an economic crisis, w

cecilia rouse who has been confirmed already to be chair of the economic council at the white house.he senate confirmed dr. rouse with broad bipartisan support earlier this l month. this matters on so many levels. it's important for our future that little girls, including black and brown girls, see themselves in our leaders, from the vice president to marcia fudge, to cecilia rouse, to so many people in this cabinet. it matters because of including the new secretary of the interior, from the presiding officer's area of the country. it matters because of the prospectives and the live experiences of these two women, these two black women bring to these jobs. congresswoman fudge will lead an agency that supports families and communities, provides housing and safety to people experiencing homelessness and helps communities rebuild. h.u.d. today is grappling with a housing market where millions of families find it harder and harder to afford a decent home. new data out this week confirms that home prices are soaring around the country, even while millions are out of work. imagine that. th

cecilia rouse is confirmed. williams burns as cia director got unanimous vote from the intelligence committee, a unanimous vote in committee is a good sign that he may get a unanimous vote on the floor. deb haaland to run the interior department, xavier becerra to be health secretary, those biden cabinet nominations seem to be on track to happen soon as well. before tonight, we were still waiting after days and days and days and days to see if a republican senator would decide that he or she would support neera tanden to run the office of management and budget in the white house. the reason the white house needed to look for a republican to support ms. tanden is because conservative democrat joe manchin of west virginia announced that he wouldn't vote for her, which immediately, it was evident as soon as he said that, that that could potentially scupper her nomination. he said he decided he did not like the combative tone of some of neera tanden's past tweets. and the reason this is sticking in everyone's craw,

in other cabinet news, the senate voted tuesday to confirm princeton university economist cecilia rouse, who will be the first black woman to lead the council of economic advisers. the senate also confirmed rhode island governor gina raimondo to lead the commerce department. at the time of her nomination, the revolving door project said -- "raimondo has a record of promoting fracking and cuts to public assistance programs, selling public pensions to wall street, and grossly mishandling rhode island's covid-19 outbreak." meanwhile, seth harris, the former acting labor secretary under president obama, has reportedly been tapped as a top labor adviser. while working at the corporate law firm dentons, harris co-wrote a paper which helped shape california's anti-worker prop 22, which exempts companies like uber and lyft from having to classify their workers as employees, depriving them of basic wage and labor protections. fbi director christopher wray appeared before the senate judiciary committee tuesday where he defended the fbi's handling of intelligence in the lead-up to the january 6 in

. >> daniella, second on our list is the youngest on our list today, at 57, cecilia rouse is of counciluniversity for a specific reason. it was the 1980s, unemployment was worst since the great depression and she wanted to study it for that reason and the why behind it, why are people not getting the economic opportunities and the role education could have but she has experience in both academia and government and now she's being lauded as the voice in the white house and constantly highlighting the economic needs and barriers women of color and women are facing at the forefront of this economic conversation. what's most incredible she's actually spearheading a initiative at the council as the council's chair where she will audit ways in which the government collects economic data and prak it down into better race and graphics to better dpraf these in a tangible way. >> and you know who else is on our list, andrew, she's the vice chairman of bank of america but she made sure that bank of america put skin in the game right when the crisis started, i'll say it's about $100 million to be e

cecilia elena rouse will soon become the chair of the council of economic advisors. this morning i want to pause for a moment to recognize the historic nature of the nominees that president biden has nominated and that the senate has confirmed in the first month of the nation's administration. so far the senate has promoted the first black secretary of defense and the first woman to serve as deputy secretary of defense. after an unbroken streak of 77 male secretaries in a row, all the way back to alexander hamilton, the senate confirmed the first woman to serve as treasury secretary. by the end of the day we'll have confirmed the first black woman to lead the council of economic advisors, the first latino and the first immigrant to lead the department of homeland security, the second black woman to serve as u.n. ambassador, the third latino to serve as education secretary, and the first openly gay secretary of any cabinet agency. cabinet agencies, we all know, have an immense influence over the policy of the united states. it's critical for their leaders to have live

cecilia rouse, council of economic advisers chair, talked about it in a statement.no workers have been particularly hit hard with the adjusted rate for both in double digits. so they're acknowledging that black america, hispanics and others have been hit harder, but it seems to be a lot of, i don't know, doubling speak there? >> no doubt. we were hit harder, but webbed bounce back even -- we bounce bk even harder if you open up these brick and mortar businesses in which we work. the excuses have to stop. i'm cawing on black leaders, black pastors, black business leaders, start speaking out against this. let's start tie thing these political decisions to the actual realities to so many americans. we have to start educating each other on the real reason why we see massive increases in unemployment. i live in a state right now black folks in florida are working. black folks in south dakota are working. black folks that live in these red states that are still open are working. this is the political issue for failed politicians that are pushing policies keeping folks fro

cecilia elena rouse to serve as the chair of the council of economic advisors. another history making pick will be the first black official to head that department. all three nominees are exceptionally well qualified. all have received bipartisan support in their respective committees, including a unanimous vote in favor of dr. rouse. as we continue the fight against the pandemic on all fronts, in particular the damage it has caused our schools and our economy, these nominees will have a difficult and important task ahead of them. it will be very good news once we have them confirmed and on the job. the senate will then return to the american rescue plan. comprehensive legislation that will help us crush the virus, recover our economy, and get life back to normal. defeating the pandemic is national priority number one. getting our schools to reopen as safely and quickly as possible, helping small businesses hang on until the economy can come roaring back, keeping teachers and firefighters and other essential employees on the job, providing aid to the jobless, fo

the question is, is it the sense of the senate that debate on the nomination of cecilia elena rouse of new jersey to be chairman of the council of economic advisers shall be brought to a close. the yeas and nays are mandatory under the rule. the clerk will call the roll. vote: vote: vote: the presiding officer: are there any senators in the chamber wishing to vote or to change his or her vote? if not the yeas are 94, the nays are 5, and the motion is agreed to. the clerk will report the nomination. the clerk: nomination, executive office of the president, cecilia elena rouse of new jersey to be chairman of the council of economic advisors. mr. brown: madam president. the presiding officer: the senator from ohio. mr. brown: thank you, madam president. a month after janet yellen made history as the first woman to serve as secretary of the treasury, today we're aboutor confirm another woman to step into a leading role in our economy, cecilia elena rouse. when she came before the banking committee, her knowledge about economy and her commitment to the people who make this country work were