and it was a cover that was shot by david lusher. powell, who everyone knows is the same as photographer. there are bits of control that really she had, but it was really up to rolling stone and to photographers. she actually has very little control nor does a label have any control over the styling of that photo shoot the photo. she took place actually app reviews home in louisiana, and the set was built against that backdrop. but it really kind of took on a life of its own and many of us as a label liked to many of us students, my personal feelings about it for that. i really disliked it intensely because it really didn't reflect to. i knew christie was. and i thought that it was kind of creating a tangent in her career and her image that really didn't need to happen. and so unfortunately we were left with it that this was the cover. yes, it's iconic. but as far as what i see, and if i see a character that when did you decide why did you just side by side? because i think that what we're experiencing and seeing and seeing that that image is the tension that our culture has around sex a

surprised it is me, david powell. okay so within two minutes, unless you have follow up questions very quickly, the staff justification in the proposed rate order seems a little thin to me in some areas. i will read it in more detail on may follow up as to revenue and revenue generating positions. it is generally a good idea to fund and staff revenue generating positions. so i support adding the one at least the one analyst position with the six replacement cameras . that makes sense to me. i must admit i don't currently understand the difference between the existing cwa structure and the proposed programmatic reserve and capital reserve and the differences between those two proposed reserves. i may follow up on that. i would just note in general that underfunding by way of a rate freeze or the equivalent leads to stagnation and underinvestment in capital and equipment. and i think we saw this most pointedly in the late 1990s at the puc, which general manager herrera and todd reads from who i see in the audience will

was rolling stone magazine, being shocked by this very famous, very infamous photographer, david marshall powell, who was known for specializing all of his subjects and everyone was defined or if he was doing this and she was thrilled just to be on the cover of rolling stone, but after it came out with the teletubbies in her arms, i mean there was all this innuendo. no one really saw that that was a brilliant piece of arch. it was seen as exploits i would put in the voice of professor lisa peacock products. and she outlines the idea of we have the celebrities, they reach a peak, and then somehow that peak then descends into some awful kind of tragedy. this is how the systems they don't have in this media. both helped to create brittany spears and destroyer. the depictions allowed well men to sexualize her and prompting young girls to want to be just like her. her downfall was really treated like reality show that we were all watching in real time. and the media depictions of brittany's helped women that their social value was implicitly tied to their body. but more importantly, once their sexual

by the investigator which includes trump, and rudy giuliani, and his former attorney, sid any powell, and davidr, and other fake electors, and mark med dose and the former white house chief of staff, and looking at everything from the infamous call to secretary of state brad raffensperger to find some more votes, and so this is a sweeping investigation and exciting day to be chosen for one of the juries. >> and there is a court reporter there, and this is a grand jury and the identities are to be kept secret. and so thank you for being there outside of the courtroom, and for you inside of the courtroom as well for keeping us up to date. >> thank you. >>> and now, a federal judge has rescheduled the next hearing for the former president donald trump and his aide walt nauta, and katelyn polantz, what are you learning? >> this is to be before judge kathleen cannon that is to go forward, and there was a brief spat yesterday, but it is a window into the larger fight going on right now, and it is when will this trial place side, they want it to go fast, and they have asked for a trial date in mid sep

david. it almost seems as if jay powell wants to have a reason to keep raising interest rates. what it's cutting off is investment. investment is the life blood of any economy, and that's really what's being curtailed. if you talk to companies, they're not able to access credit in order to grow good, solid companies. david: bottom line, we're looking at microsoft which, again, is the one dow stock out of thirty that's in the green today. would you -- where would -- what would you do with stocks right now? would you just stay out of hem completely, or are there a up couple of winners like moth that you might want -- microsoft that you might want to go into? >> there are bellwether stocks where you can find protection, i always suggest you look for ones that pay nice dividends. but if we are going to see the debt ceiling law honored, then we will see on october the 1st quite a few americans begin to pay their student the loans what, almost four years. that's also going to be a crimp on the data. i think markets should be attuned to that as well. david: and by the way, a 2-year tr

[laughter] david: one of the most interesting and significant philanthropists today in the united states is laurene powell jobs. the widow of apple founder steve jobs, she is using her considerable fortune today to remake the world through philanthropy in areas such as immigration reform, education access, climate change, and health care. i sat down with her in her offices in washington, d.c. to see what approaches she is using to each of these philanthropic endeavors. so, in recent years, you've become one of the largest uh philanthropists in the united states, but you have done largely this by anonymity. it's not well-known what you are supporting generally, and you try to stay in the background, i think. so why do you try to do your philanthropy this way? laurene: often, as you know, david, with philanthropy, there's a lot of power that accrues to the giver and not as much to the organizations and the leaders that are doing the work on the ground. and so, i wanted to make sure that we were not the story. that we were supporting people who were the story. that the leaders and the incredible workers who

. >>> welcome back we're just moments away now from fed chair powell's press conference let's get final thoughts from david kelly. higher for longer, is this a market that has accepted that, do you think, or does it need the messaging from the fed >> i don't think the fed can give that messaging with any certainty. people talk about the soft landing but the economy never lands there's always another quarter. winter is coming we don't know when winter is going to arrive but it will arrive eventually we'll have a recession, a month or two where payroll gains are negative. >> at that point the fed is going to have to cut rates we think get through 2023 but sometime in 2024 that could happen and then when the fed has to cut, the first cut will do nothing to help the situation. we've seen when the fed raises rates it's like going up an escalator when they cut rates it's going down an elevator. their own projections say they can bring rates down to their neutral rate slowly. never happened the market may be looking at that realize the fed is aggressive right now but won't be forever because landing won't stay so

powell nailed it so far. raising rates from here a mistake. joining me david zerbos.d the table how right the fed is doing it for months. right after svb and i give you credit i won't go on and on. >> thanks, kelly the next break, big hiking rates next week. making a point in my last piece, what you referenced. i may disappoint many times. it's fallen on deaf ears, which should have assets as long as they are, mortgages tightening up and housing market so strong. even though a little weakness there. >> they might say why do anything other than what we're doing? according to you, masterful. >> we have i'm fully onboard with masterful idea and fully onboard with another rate hike. we get a couple .2s, get in cpi before the september, i think could pause for sure .3 on either one or above, probably go again. i guess throw it out there as, hey, if inflation doesn't come down as fast as they're thinking, if we're not getting down to 3.9 to 3.6 by end of the year, why not consider, assets sales instead of another hike in september or another set of hikes. people out there t

don't look for dovish commentary, he doesn't expect powell to pivot until a recession becomes obvious. joining us is rosenberg research president, davidrosenberg the recession is not obvious you think it's coming and you've seen it for a while, but we don't fully see recessionary indications, do we >> well, the data has come out mixed but if you focus on the spending side of the economy, you're right, sara, the gdp is still positive and the run rate is 1.8%. what i've been saying in my message is real gross domestic income is already in a recession already. you've got an almost unprecedented divide between what the spending accounts are telling you. if you look at the soft market and the credit market, they're telling you that we're in a goldilocks the odd man out is the treasury department you wonder if we're in some new era of goldilocks, why is the ten-year note 3.7% when the fed's about to pin the policy rate at 5.25, 5.5? the treasury market is the odd man out here as far as markets are concerned. you're quite right most indicators are telling you the recession is not here yet. you and i would be having this conversation back in

david rosenberg joins us in toronto with rosenberg research. i want you to speak to jerome powell. lationary -- display snaring vector and forced and what be staying with a disinflation into 2024? david: i think with the disinflation trend, it will be the primary trend. we will have a bump in the next month or two because the crv has taken an 8% jump since the end of may for the reason you folks were talking about. the question is how the fed will treat that, and whether it will be temporary or permanent of this run-up we have had across food prices in the commodity markets. and also what is happening with oil coming off the bottom. if this is happening with an 4.5% to 5% unemployment rate, and we have access in the economy, it is not a problem. but with full employment, the weight has to be on the fence mind. the primary trend is going to be toward disinflation into the next 12 months. the next couple months will challenge that you. tom: army beyond the pan-dem -- are we beyond the pandemic? do you believe in factors? are we beyond pandemic analysis? david: i don't think so. we are

david: when you get to be second meeting, the fed dot plot says we are seeing two hikes this year, and members including jerome powellindicated so but again, the market doesn't want to believe them. market is pricing in september just a 10% increase of an extra second rate hike, in october it climbs to 36%. the market is looking for a be a skip, but jerome powell said last week we are prepared to do back to back rate hikes. the interesting thing about september is it is a bigger gap than normal between their interest-rate meetings. that means the fed will have two cpi data is, two core pce date as, and two payroll reports between july and september. we will have a decent amount of data, and if that signals that the labor market is tight and pce remains elevated, the fed can say we have warned you that we would go back to back and they could do it. the market is thinking now it is more october or the november meeting. but that that is saying don't be surprised if it is september. lizzy: thank you to bloomberg's fx and rates strategist david finnerty with his eye out on all the eco-data out of the u.s.. janet yellen is

powell is going to talk but not walk. he'll have a prolonged hawkish hold but that said and that last hike was one and done. i think -- david: the last one we see for awhile? >> >> i think last one end of story. that's a bit for technical and the actual rate might bees are behind us. david: good stuff, jason. perfect to have you after steve on that one. lauren, come on back in and watching the movers and start with southwest airlines. lauren: the stock is up 2%. even though bernstein downgraded to market perform saying they lost confidence in their earnings potential that carriers margin recovery lower than bernstein expected. stock market is up bucking the commentary. david: we talked about roku which i don't have. you do have roku? lauren: we do in the house and i charted this and the company reported earnings on thursday. stock's up 32+% between then and right now. david: still going up after last week. look at that. lauren: the market sen couraged by the double digit revenue growth and not that big in over a year and add spending is coming back. we have a handful of brokeraging for price targets this morning and the hig

david, i like to -- we smashed them here. >> we did? >> we smashed the sibilance. hard landing jay powellesterday was cool as a cucumber, even when the 40th reporter asked him, when did you stop beating your wife, he was right there. he was right there with them we're data dependent on that question >> all right after the break -- >> i love jay. hey, i've been with jay the whole way except for that time when he went on, i don't know -- >> you have been with him the whole way here you were a little late on recognizing inflation. i remember you and i arguing about that >> i am a jay backer the whole time i'm a jay hawk >> after the break, we're going to talk with the ceo of servicenow you can see that stock take a look at futures, though, and look at the bottom of the board here those nasdaq futures >> don't you have to have reverse? >> a what? >> a reversal. >> yeah. we'll see about a reversal but you can see that we are poised for a higher market opening. >> microsoft is going to come bau people forget what amy hood said. >> more "squawk on the street" straight ahead a competitive advanta

and warrington wolves head coach daryl powell has left the super league club by mutual consent. reactions to daviddoctor pickering kept talking about they, as though they weren't there, it was not their decision, the person who was lying there in total illness, he wants to build their —— who wants to end their lives, he wants to continue their lives and they may not want to. we ourselves must make that decision. lit ogre they may not want to. we ourselves must make that decision.— must make that decision. if we had the capacity. _ must make that decision. if we had the capacity. that _ must make that decision. if we had the capacity, that is _ must make that decision. if we had the capacity, that is the _ must make that decision. if we had the capacity, that is the point? - must make that decision. if we had the capacity, that is the point? to. the capacity, that is the point? to make the decision?— make the decision? well, if we haven't got _ make the decision? well, if we haven't got the _ make the decision? well, if we haven't got the capacity - make the decision? well, if we haven't got the ca