well, hey, have you ever met elizabeth warren? this is what elizabeth warren was born to do. and to absolutely, they're going to crack got it. i mean, the most gracious trade i've ever seen in my life is when the federal reserve said they were not going to cut rates, but they'd already decided at their meeting. and what are the federal reserve? presidents goes out and buys $5000000.00 a stock. i mean, if that's not insider trading and if there's not rules against that, then then there hapless and we're, we're suckers for it. so yeah,

david: we are on capitol hill with senator elizabeth warren from massachusetts. sen. warren: i am delighted to be here with you. david: there is a lot going on capitol hill, but some does not involve the federal reserve. -- some revolves around the federal reserve. it seems like every day and we learn something new. should we delay the time for appointing the next chair until we sort through all this? sen. warren: i already said i can't support jay powell for re- nomination. my view is he ends his term, we put somebody else in place. i think the fed will be better off and our economy will be safer. david: let's talk about who that somebody else might be. are you giving the white house any suggestions? you told me about a no-brainer. sen. warren: i will not talk about conversations -- about private conversations. powell, to nominate or not re-nominate, i will not do this. david: i did not hear sherrod brown take a position. some republicans say they support jay powell. are you hearing from colleagues that they are open to resisting jay powell? sen. warren: i don't want

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please welcome back to the show, senator elizabeth warren, everybody! here >> i'm so happy to be here i'm so happy to be here. >> seth: yeah. [ cheers and applause >> i'm just so glad to be with people who are not the people i'm with in washington all the time >> seth: yeah. >> yeah. >> seth: you -- you know, you did us a favor you were our second guest when we went into lockdown, via zoom. >> yeah. >> seth: and this issue that time was - >> i had a table lamp next to me, you know, staring into the lights and -- yeah. >> seth: it was -- right it was the early days where none of us knew how to zoom you had a dog that you had you had to lock your dog in a bedroom. >> that's right. >> seth: yeah. >> that's right. we have scratches on the back of the door that say, "i could do better on seth meyers. [ laughter ] yeah, i know >> seth: so, it's nice that we're past that. and now, obviously, you mentioned washington i do want to get right into it right now, president biden is trying to institute the things he ran on. >> yeah. >> seth: expanding medicare, child

joining us now is senator elizabeth warren, democrat of massachusetts, senator warren, it's really niceuch for making time to be here. >> thank you, it's good to be with you. >> so you drilled down on this issue so specifically in the 2020 campaign, in 2019. i'm wondering, given all the new information we have just learned from the facebook whistleblower, what sticks out to you right now as the most important thing to focus on? >> two years ago i thought we needed to break up facebook. today i really really really think we need to break up facebook, and think of it this way, you know, you have a telephone. i have a telephone. we can call each other. we can make that work, with all of the postings, all of the social media you want to do, but the reason we need to break up facebook is that it's critically important that there not be one worldwide company that basically has all of the information from everyone. because they have made it clear what they care about first, second and third is profits, profits, profits, and if that means doing the dance with dictators, if that means telling do

this is bloomberg. ♪ emily: senator elizabeth warren has been vocal about breaking up big monopolies.n caught up with senator warren a short time ago and talk to her about everything from facebook to the testimony on capitol hill today to crypto. sen. elizabeth warren: right up until the federal government was put in the position of having to back up the money markets or watch the economy go farther over the cliff. now we have got something called stable coins, unregulated, surely they are safe, but no regulation around it. no controls around it. as more money flows into it, the parallel to what happened back with money markets at least has to be in front of the regulators. we need regulators who are willing to step up and exercise the regulatory tools. david: which regulators? we have heard jerome powell say they were like water -- money markets. where is the best place for the regulations to come from? sen. elizabeth warren: they have authority to do some of what they need to do. i believe the fed should step up, the sec should step up, they trading commission -- the trading commiss

we will hear from elizabeth warren shortly and we have the facebook story unfolding.ll of that will be folded into the markets. the fed is firmly in focus not only because of what elizabeth warren is about to say. the bloomberg invest conferences on. i had the pleasure a few minutes ago to speak to luke ellis, talking about a range of things, including the story around bonds. just getting his take on where the markets are right now. >> if inflation scares the central banks into raising rates in the near term, that would be a problem. personally, we are getting a bit of a shutter here and we will start another march quietly upwards, not at the rate we saw the last few months. if we got reasonable growth equities, they are the only tentative to most people. guy: goldman sachs senior strategist joining us now. do you agree with luke? >> i agree with the point that yields and bonds are guaranteed negative in real term unless we have deflation. given gas prices today, that seems unlikely. they provide some protection against inflation. guy: is europe a better place to be i

runway. >> the last time we heard about, it was way back in the presidential campaign, when elizabeth warren was still a candidate. it looks like coming into the biden administration, that that idea was gone, at least for this presidency, and would have to patiently waits, for the warren presidency or another presidency for it's a happen. but here we. are it could be happening next week for all we know. >> i think she has been patiently keeping that idea alive, and nurturing, in talking, about it she's raise this and other interviews, it may be, we will see, it may be that senator sinema's sort of quick series of objections and silent holds on progress here, it may be harder for those of us outside the process, do you read what she might say yes to, then it is for senators to actually get to talk to her about these things. if senator warren is part of the conversation, about these, this is a big deal. because she got such a specific proposal along these lines. >> the best sign i've heard about whatever it, is that's going through senator sinema's minds, is that she was meeting with senator w

. >> yes, and the last time we heard about it was way back in the presidential campaign when elizabeth warren was still a candidate, and it looked like coming into the biden administration, but that idea was gone, at least for this presidency, and would have to patiently wait for the warren presidency or another presidency for it to happen. but here we are. it could be happening next week for all we know. >> well, i think she has been patiently keeping that idea alive and nurturing it and talking it up. she has raised it in other interviews with me before this and even since the presidential campaign, but it may be. i mean we'll see. it may be that senator sinema's sort of quixotic series of objections and sort of sigh lend holds on progress here, it may be harder for those of us outside the process to read what she might say yes to than it is to read for -- than it is for senators who actually get to talk to her about these things. if senator warren is part of the conversation about these pay-fors, that's a big deal because she has such a specific proposal along those lines. >> yeah, the bes

david: we are on capitol hill with senator elizabeth warren from massachusetts. sen. warren: i am delighted to be here with you. david: there is a lot going on capitol hill, but some does not involve the federal reserve. -- some revolves around the federal reserve. it seems like every day and we learn something new. should we delay the time for appointing the next chair until we sort through all this? sen. warren: i already said i can't support jay powell for re- nomination. my view is he ends his term, we put somebody else in place. i think the fed will be better off and our economy will be safer. david: let's talk about who that

well, hey, have you ever met elizabeth warren? this is what elizabeth warren was born to do. and to absolutely, they're going to crack got it. i mean, the most gracious trade i've ever seen in my life is when the federal reserve said they were not going to cut rates, but they'd already decided at their meeting. and what are the federal reserve? presidents goes out and buys $5000000.00 a stock. i mean, if that's not insider trading and if there's not rules against that, then then there hapless and we're, we're suckers for it. so yeah, sometimes and you know, in the great american experiment we have to like, you know, be hit in the face 5 times to finally figure out that we're getting punched and i guarantee you, they're going to change this. and, and, you know, chairman powell really is the buck stops with him. i, you know, i, that may be a reason for him not to be re appointed simply because, you know, this stuff went on, they filed the paperwork, he knew it was going on. so i don't know, i mean sometimes people get deaf dumb and blind all at the same time. well, i want to po

but senator elizabeth warren is still with me.mostats in china changed votes in georgia. just briefly, how do you react to this new reporting and craziness aside, how close were we to a full-blown successful coup back in january? >> this is one more reminder that trump never cared about reality. all trump cared about was there any way that he could piece something together so that he won. and if he could get that going, he was willing to say anything, up is down, in is out, hot is cold, it just didn't matter. and that's what makes all of this so deeply, deeply threatening to our democracy. trump -- trump doesn't play by any rules, except the rule that if trump wins, it was good. and if trump loses, it was bad. it is the same rule that every dictator from the beginning of time has played by. and that's what trump wants to continue to do. there is one issue for all republicans to consider right now, and that is to stand up and say the election was a fraud. he really won. >> yes. >> and if you can't say that, nothing else matters. >>

senator elizabeth warren has been pushing a wealth tax for many years.to address a public fact. it's something we talk about and you know about it. things have changed when you look at the distribution of wealth in america. radically. the tax code is not caught up with it. america's ultra, ultra, ultra rich make more than the same type of top category ever did before an american history. so the idea is to add, i'm approximating, a 2 cent tax on every dollar over 350 million which would address this wealth gap, the fact that a portrait of american wealth is fundamentally different and fun, according to progressives, that biden says he wants. if you recall it was a key part of warren's run for president. >> i have proposed a 2 cent wealth tax. >> this is 2 cents on assets above $50 million. >> it is time for a wealth tax in america. 2 cents. >> we need a wealth tax in america. it's time. >> 2 cents. >> 2 cents. >> 2 cents. >> so when you make it big, when you make it really big, when you make it top 1/10 of 1% big, pitch in 2 cents. >> there are a lot of i

i'm -- i'm optimistic about that. >> senator elizabeth warren, appreciate your time.p next. the white house and cnn's phil mattingly with a fair bit of news tonight. phil, first of all, you just heard what the senator said, mentioned earlier senators manchin and sinema were at the white house earlier this evening. what's the latest? >> i think you have to view this when you talk to white house officials that if they can move forward, if there is a pathway to move forward on both pieces. the vote on the $1.2 trillion infrastructure proposal or the economic and climate package you were just speaking with senator warren about, there is only two senators they need signoff from at this moment and that's senators sinema and manchin. anderson, you know well the president has spent a lot of time with these two senators over the course of the last several weeks. but based on how things have progressed over the course of the last several days, hours of private meetings between white house officials and both senators. both senators meeting for hours with their colleagues on vari

elizabeth warren on the floor there is still a lot of uncertainty plus. so what's the level where investors could get nervous? a lot to digest. we have services next for september that are really strong , 61.9. even better sequentially than where we were back in august. digging into the details, phrases and demand, joining me now is the ism service business committee chair. anthony, how is ism services doing so well? what is your read here? anthony: that's a great question. we have been doing very well since we have seen businesses reopening from pandemic with all-time highs back to july. looking at the 61.9. it's really reflect -- reflecting strong growth across almost all the industries that comprise the sector. alix: before we move on to pricing, i thought that delta was supposed to change this narrative. did it not? anthony: we had capacity restraints. alix: where are we sitting in terms of pricing and what have you noticed there? >> we hit some all-time highs back in july when you see economy inflation creeping in, but right now demand is exceeding s

elizabeth warren joins us now. ting but they said hold off on that. it was a big topic. >> the senator said the congressman was key. >> yes. >> the big topic, can you come back on that? >> sure. >> let's talk about the matter at hand, how are we going to get this plane landed? >> we've got to get this plane landed by two things. we've got to provide real support for the american people and a meaningful attack on the climate crisis, and we got to pay for it in a way that works towards just unrigging the system a little bit. those are the two pieces we've got in motion. it's always hard to solve a bunch of things as once but i think we're making progress. >> that's so interesting. at this point there's a little bit of a rush though, don't you think, katty kay, just in terms of these elections we have with the midterms coming up. i feel like the democrats really need something that they can, you know, with meat on the bones that they can really run on in the final days of the election. i mean, when we're looking at som

senator elizabeth warren speaking with david westin.rg subscribers go to dayb on their terminals. you can customize settings so you get the news on the industries and assets that matter to you. this is bloomberg. ♪ haidi: a quick check of the latest headlines. singapore's sovereign wealth fund is considering changes to its portfolio in response to china's wide-ranging regulatory crackdown. the ceo says it will favor sectors supported by the chinese government including semi conductors and health care. >> areas that china needs to make sure it has the right expertise. the inspector -- the investors would look at those more favorably because the policy tailwind would be behind. like other investors, gic needs to reposition. haidi: three major ratings agencies downgraded fantasia holdings to level signifying default after it failed to pay a 206 megan dollar bond. s&p and moody's cut the rating on tuesday as concerns grow about contagion risks from the largest evergrande group. fantasia says it will assess the payment. one of nintendo'

mitch mcconnell caved and that's the headline that senator elizabeth warren, senator elizabeth warren mitch caved, this brings us to an important question for mitch mcconnell. what would you will come at a republican leader the senate, republicans i thought and i'm a registered conservative because i have seen too much of the swamp weakness in my life, i left the republican party. when you're right, i will defend you, and it's not like i have ae chance of supporting democrats, there radical socialists. why would you support raising the debt ceiling knowing what the democrats plans are? that's to spend a $3.5 trillion on the socialist green new deal? mitch mcconnell's office claiming that he was looking to avert in default with a short-term extension at $1 with a fixed dollar amount. at least they responded to us. what mitch is not saying is that he and the republican caucus said they were united and would not do this. they promised not to do this. mitch now gave democrats this precious time, now they can wora out the disagreements on their massive spending deal. by the way, one that w

and he also has bernie sanders and elizabeth warren because he wants to listen to both sides. here's the thing was with warren, can't get elected in west virginia. joe mansion probably couldn't get elected as a democrat in massachusetts. that's why we need to make that probably the most truth. i have her. i think that that's accurate, but i think that's why we have to have a big tent party and break everybody in. and i think the democrats are doing that. you know, look, you know, i know the senator and i know a lot of folks across the way and, and when i have spent time with him, i've had other democrats come to me and say, are you gonna go take a shower now after, after your time with the senator mansion. ah, my question is, do you think democrats, your democratic party friends understand that that bernie sanders would not be chair of the budget committee? if you did not have that seat in west virginia, that you would not have in control off all, you know, both houses of congress and the white house. probably. if you did not have a, a person in that seat, that the fragility of

joining me live in studio, democratic senator elizabeth warren of massachusetts. thank you for joining us. we don't have a full list of everything in the bill in this compromise but we have a topline run down. take a look. universal pre-k. a short-term extension of the child tax credit for a year instead of for more. four weeks of paid leave instead of 12. money for child care. money for elder care. expansion of medicare to include things like vision and hearing. we also know that tuition-free community college got the ax as well as the clean electricity power program. i know this isn't a bill that you would craft, but could you vote for this? >> so look, the devil always is in the details. and it depends on how robust the programs are that are being funded. and what the plans are on the substitute. so for example, think about it on climate. climate change is the existential threat. we have got to move and we've got to move fast. the good news is there's not just one program in this package on climate change. there are multiple programs. our goal is to bring down

democrat senator elizabeth warren criticized the leadership, saying jay powell shows bad judgment by failing to stop unusual trading activity by top officials. speaking on the senate floor, she questioned why jay powell did not prevent officials from making the investments. in a later interview, she repeated her opposition to powell's reappointment. >> i can't support jay powell for renomination. my view is he ends his term with somebody else in place. i think the fed will be better off and that economy will be safer. rishaad: the securities and exchange commission chair saying the u.s. will not follow china's lead in banning digital tokens. the government focuses on ensuring the crypto industry adheres to consumer protection rules and keep money laundering regulations also part of that. beijing also with a sweeping ultimatum against crypto trading, all transactions. that is a look at the headlines. yvonne: still ahead, gicc ceo says he doesn't face a risk from evergrande's debt crisis. that is next. hong kong's chief executive the last policy speech of her term. this is bloomberg. y

massachusetts democratic senator elizabeth warren is criticizing federal reserve leadership followingelations concerning market trading by senior officials there in 2020. >> these fed officials actions show, at a minimum, very bad judgment. they also suggest these fed officials believed building up their own personal wealth is more important than strengthening the american people's confidence in the fed. mark: senator warren says the discovery concerning investment transactions calls into question jerome powell's leadership of the central bank. the fed says its internal watchdog will review the issue. a facebook whistleblower is set to share what she calls the frightening truth with the senate committee today. frances haugen plan to testify that the social network misled the public and shareholders about the harmful effects of its platforms. she has shared internal facebook documents with the securities and exchange commission. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. th

elizabeth warren was talking on "the lead" the other day in amazon makes hundreds of billions and pays zero, this is legislation requires them to pay something. >> the president during these campaign had a market rate -- excuse me, a book rate proposal. that is being evaluated as well, as to how much that brings in, but that's another way to tax the increase in wealth in corporate america. but the thing is that, whether we use increasing the corporate tax rate, increases the tax on some of the other aspects of it. >> wealth tax, billionaires tax? >> no, some other aspect. >> okay. >> we probably will have a wealth tax, but it's only 10% of what we need, and the other things are more like $800 billion versus $200 billion, but we can use them another time. they don't go away as a source of revenue to pay for how we go forward. >> you said you probably will have a wealth tax. >> well, we'll see. we haven't seen the bill. >> you said it's being written right now and you're going to send it to -- >> this is a senate proposal. they supposedly are writing it today, and then tax the joint stac

elizabeth warren has criticized the federal reserve's leadership, saying chair jay powell showed bad nt by failing to stop unusual trading activity by top officials. warren questioned why powell did not prevent officials from making the investment. in a later interview with bloomberg, he repeated the opposition to powell's reappointment. >> i cannot support jay powell for renomination. so my view is he ends his term with somebody else in place and i think the fed will be better off and i think our economy will be safer. dani: chinese president xi jinping is said to be planning to skip the g20 summit in rome this month. sources tell bloomberg that xi will not attend the meeting in person, citing china's covid protocols. xi has not been outside of china since january 2020 but he has attended several meetings virtually. the g20 leaders summit begins on october 30. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani. dani: juliette, thanks very much. juliette saly in singapor

pedro: senator elizabeth warren of massachusetts called for an investigation and expressed a lack of confidence in the federal reserve chairman jay powell. what impact might that have on his job? brian: this is all coming during a really critical time for the fed chairman. he has been at the top of the central bank since february 2018. he was nominated by president trump to serve in that role confirmed by the senate on a good basis. his term ends in february of next year which means the white house right now is weighing whether they want to renominate him for another term. janet yellen did not get a second term because the trump administration wanted their mark on the federal reserve by nominating somebody fresh. whether or not powell could convince the white house to get a renomination remains to be seen by the optics of this -- the trading issues do not seem to be helping the case on the margin. one big question is whether or not they will go with an alternative person when it comes to the white house thinking on this. a governor who has been a champion of someone who might be more

take a listen to what we heard from elizabeth warren. >> the loudest voice in this hall is facebook's. and the other giant corporations. they hire the lobbyists. they make the big campaign contributions. and even more importantly, they fund the dark money. the part that you infer even see their finger brits on it. they're the ones who undermine the basic premise of democracy. haidi: senator richard blumenthal calling facebook morally bankrupt. does this move the dial when it comes to the pressure that social media giants including facebook are under politically? >> yeah. i mean, i think one thing that was different about today's hearing compared to other hearings is how much it was a, kind of a fact-finding mission from lawmakers. they didn't use it as the opportunity as much to upon active indicate or to grandstand. they were actually asking the witness questions to learn more about-face book's business practices. i think the second thing that was kind of unique about today's hearing is there was a lot of bipartisan agreement that something needs to be done. some of the topics that u

the billionaire's tax is similar to ideas espoused by my next guest, senator elizabeth warren. supporters at rallies routinely chance the two cents to make americans play two cents on every dollar of wealth above 50 million each year. >> we can do all of that on two cents. >> two cents! two cents! two cents! >> where it all headed no one better to ask than massachusetts senator elizabeth warren who joins me now. by the way, she's just published a new children's book called "pinkie promises." we'll talk about in a minute. it suddenly gains resonance this week, what changed? >> well, i think part of it is washington is catching up with where the american people are and for a long time, what i've been talking about is very popular across the country. and let me point out, it's actually both halves. i talked about the wealth tax on individuals the bazillionaires, and a minimum corporate tax, based on book profits for the billionaire corporations. you know, the amazons of the word that report $10 billion in profits and turn around and pay nothing in taxes. so i've been pushing both

guy: elizabeth warren really has set the cat amongst the pigeons in all of this, hasn't she? some interesting decisions to be made over the next few weeks. mike mckee, thanks very much, indeed. we are going to carry on a little bit with that environmental theme, that climate concern theme. aniket shah, jeffries global head of esg, is going to be joining us later on. coming up, we are going to talk more about these markets. jonathan golub, credit squeeze u.s. equity -- credit suisse u.s. equity strategist, joining us next. this is bloomberg. ♪ >> we are starting to experience elevated volatility in the markets which which can be attributed to the uncertainty that has been introduced by a delay in the debt limit. we would expect a continued delay would further destabilize the markets. guy: adena friedman of the nasdaq talking at that summit yesterday to talk about a way forward. the s&p hitting the highest level in nearly two weeks. abigail doolittle looking at the lift and why we are seeing it. abigail: today's volatility is to the upside, and that is an important point. there

the question i would like to ask elizabeth warren, what is a girl? can you even tell us? a follow-up question i would like for someone to ask. >> jesse: she is too gender binary, and shame on her, she should know better. matt walsh from "the mat will show," thank you so much. don't go anywhere, carley shimkus is here, she is a real girl, and she is going on the clock next. ♪ ♪ just two pills for all day pain relief. aleve it, and see what's possible. >> tech: when you get a chip in your windshield... trust safelite. this couple was headed to the farmers market... when they got a chip. they drove to safelite for a same-day repair. and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service the way you need it. >> singers: ♪ safelite repair, safelite replace. ♪ [narrator] this is steve. he used to have gum problems. now, he uses therabreath healthy gums oral rinse with clinically-proven ingredients and his gum problems have vanished. (crowd applauding) therabreath, it's a better mouthwash. at walmart, target and other fine stores. people ever

what we understand understand is that progressives like elizabeth warren were pushing sohn, the whitened elizabeth warren. and then they got pushback from democrats, moderate democrats. so the compromise was to make rosenworcel the chairwoman, make -- put gigi sohn as a commissioner, and even in that light you're going to have an if fcc moving dramatically to the left. rosenworcel is not a right-winger, she's a moderate dem. she worked in the senate staff for a while, so she has a lot of connections with the senate. but gigi sohn, from what i understand, is going to have a huge say in policy making. and people are saying if sohn gets confirmed by the senate -- and that's still an if if, rosenworcel will likely e get confirmed easily, but if she does, the fcc moves dramatically to the left on all sorts of matters including how net neutrality is essentially interpreted and, you know, what it means for cable companies when a very strict interpretation of net neutrality gets implemented by a 4-3 democrat fcc, and, you know, does that lead to rate increases. is there -- or, excuse me, is t

neil: you think the president would not reappoint elizabeth warren if she calls and says don't do it.hink it 60 - 40 he gets appointed, have you been following the facebook story. neil: i have, this is a fascinating story we have a little snippet what happened with you on this. >> i'm conversing with the guy who is one of my best friends growing up, we should show a picture of him, there is the tweet that got him in trouble he says charlie let's hook up and have dinner, let's hook up and have dinner and shoot me some dates using the words hook up and using the words hook up a cup like by facebook as a sexually explicit content that forced him and suspended him we show a picture what greg looks like. [laughter] neil: i would not mess with that guy. >> is the sweetest guy in the world a very nice guy he was arrested for selling steroids years ago, does that surprise you. neil: they took it down because of the hookup comment? >> yes. what this shows in my view, i should've mentioned that craig is very open he's a changed man. neil: you check to them that you are doing this i don't want h

we saw joe mansion and elizabeth warren walking down the core tore and i spoke to elizabeth warren as she was getting on an elevator and i said how are these conversations going? we have senator mansion pushing back? she kept saying we have to keep talking and don, that's what we've been hearing a lot today. we need more details and need to keep talking. they're still trying to sort it out. democrats originally wanted and planned for raising individual income tax and also the corporate tax rate reversing a lot of the trump tax cuts. that's what came out of the house. and the house, the chairman of the committee that put that together continues to stand by that that's the best way to do this, the problem is senator sinema said she's a no go. they're stuck trying to figure out what the exact pay fors are and the billionaire tax we'll have to see how that's shaped over the next 24, 48 hours or so. >> yeah, and the president hopes in the next eight hours or so. >> right. >> thank you, jessica. thank you, arlet. appreciate it. >> thank you. >>> while democrats draw a line in the sand over

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i can't get into elizabeth warren's head, but still, to this day, i have not seen good evidence as ton griffin does with payment for order flow is such a horrible horrible thing. that i want, no one has ever been able to give conclusive evidence that because you can trade with payment for order flow, somehow, ken griffin is running around on the other side of that manipulating markets, screwing over the retail investor with poor execution. there's no evidence. i don't know why. liz: it's more of a problem for names like robinhood that's their source of revenue and if it does go away or regulates somehow. charlie: that could be a problem liz: robinhood is in trouble. charlie: that could be a problem but so that's where this sort of political sort of element comes into it, where people are saying , if he doesn't have good evidence, if it looks like the markets are running pretty well, which i think you could say they are, we're not having flash crashes, you know, okay robinhood had some problems clearing earlier in the year, but they got it fixed. retail investors, the small guy, the li

committee who is rewriting the tax proposal from the newest democratic member of that committee, elizabeth warren designed to create a minimum 15% tax on corporations that report over $1 billion in profit. senator angus king is not a member of the committee joined senator warren and chairman widen in a written statement about the proposal saying the corporate profits minimum tax would ensure companies that report over $1 billion in profits to shareholders pay at least a 15% tax rate on those gigantic profits based on estimates for similar proposals this proposal would generate hundreds of billions in revenue over ten years. the most important thing said about that proposal today came in a written statement for silence but senator sinema who said this proposal represents a common sense step toward ensuring highly profitable that sometimes can avoid the current corporate tax rate. a reasonable minimum corporate tax on their profits just as everyday arizonians and arizona small businesses do. i look forward to continuing discussions with the white house and colleagues to expand economic opportunitie

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what bernie sanders was just arguing and elizabeth warren lost in the democratic primary. joe biden said they were extreme. they were extreme. >> not really. >> did joe biden say bernie sanders was extreme? he did. >> bernie sanders was fighting on medicare for all. that's not part of this, but let me ask you this -- >> to lower the prescription drug prices. >> to a larger point, why wouldn't biden want to take the victory? >> a $1.5 trillion? you're right. they promised the moderates -- >> what money by the way? $1.5 trillion plus -- >> plus $1.9 trillion in january. >> and your tax cuts? >> it doesn't even count. i understand that you want the american people to give their money rather than keep it themselves. i get that, that's fine. you can spend it better. >> you know how much money we spent every day in afghanistan and got nothing to show for it? let's talk about how much it cost, and how many lives we were going to save, and how many people we were going to educate, and how many seniors can have the comfort of being able to take their medicine. >> if you get it pass