fro wilmington, delaware, where th president is spending th weekend, is nbc news correspondent gary grumbach. gary, it's so good to see yo as always. it's a bit of a chaotic economy, as the budget proposal showdow is underway. so, what more can you tell u this morning >> hey, good morning, katie. president biden is really fond of the saying, don't tell me what you value, show me your budget and i'll tell you wha you value. this week, president biden did just that he showed us his budget it's a 6.8 trillion dollar budget that intends to cut the deficit by three trillio dollars over the next ten years, largely, by taxing the rich an corporations let's dive into this fancy graphic here, exactly what i does, 400 billion fo affordable childcare for parents, 150 billion dollars for home care for olde americans, disabled people, 40 billion for expanded healt care coverage, 325 billion for guaranteed paid leave fo workers, and nearly 300 millio combined for free communit college and pre-kindergarten for students all of this is intended to, as president biden puts it, giv americans a little mor breat

key witness who told msnbc this morning he has been invited back to offer rebuttal as well nbc's gary grumbachpalm beach, florida, this evening gary, what do you know about how this development came about? >> costello is by no means a household name he is something that was a legal adviser to michael cohen formerly he is somebody who very much knows trump world really well. he's also represented stev bannon, rudy giuliani in the past, unrelated cases. he knows trump world he understands how it works. he understands the inner workings and the peopl involved in all this he will be brought before th grand jury tomorrow to reall discredit michael cohen. of course, michael cohen i somebody who has spent time in jail for this situation. he is going to sit in front of the grand jury and try to make the case that michael cohe should not be trusted. that is what is happening with robert costello. as you mentioned, former president trump is excited about this he said in a statement on trut social, the most important witness to go before the new york city grand jury he says this is the former president t

indeed, we'll be back as a rebuttal witness and the reporting also from gary grumbach let's start with that. what might be this rebuttal an what might be michael cohen in terms of his importance of the testimony in this rebuttal tha the trump team might be doing? >> love to be holding it insid the grand jury room. and listen to the testimony yo know exactly what it is. obviously, there is a very strong difference of opinion here between michael cohen who is already been convicted, related to this allege activity by donald trump the trump team which says he broke no laws and did nothin wrong. obviously, the trump team pu forward including potentiall president trump would be likel rebutted by michael cohen wh has his set of facts from hi memory and whatever other receipts he might have to contradict whatever the trump team puts forward. as to the specifics of that, michael cohen revealed that it may not even know what's gonna be asked >> clearly as the timeline shows. he's the clincher in terms o the number of testimonials tha were given this probably is going after him to discredit him

. >> gary grumbach, thank you. >>> we get to the latest investor survey. we are tapping into the investors and strategist and our cnbc contributors. this gauges outlook and strategies for the second quarter and beyond that includes the s&p and where it is heading next with 68% saying the index has more room to fall. 16% say a rally is taking shape. let's bring in gina sanchez. always great to see you. >> thank you >> we just had the results of the survey 68% of the people believe the s&p was going to fall. it has had a fairly strong run this year. up more than 5%. what's your take >> it is surprising the rally that took shape after svb fallout. one thing we're looking at is the divergence with the equity market and high yield market which is related you have the equity rally at the same time you have high yelled performing negative for the month. if you look at downgrade versus upgrade using moody's, we have a 2-to-1 rate. i would say that the high yield market is probably, you know, calling for further equity weakness >> gina, we had a report from nbc new

even kno the charges he's brought against donald trump this hour let's go to gary gays an florida gary grumbach puttin aside this whole idea ther might be some issue and gettin donald trump from don ford t new york, suffered implication of iran desantis what's going on? >> so to america, donald trump is now indicted former president, but donald trum he's a victimized former president was make that very clear he's made that very clea all day on truth social, through his campaign statement officially, through super back and more than a doze statements in the past fiv hours alone. i want to read one of them t you because it sounds ou safely what he's trying to say he said democrats have lied an cheated and stolen in thei obsession in trying to get trump. and now they've done i think-able, indicting completely innocent person, an an act of blatant in electio interference he really believes he's th victim here. for a moment that sa unprecedented in our history it's really remarkable thi playbook that he's going through right now, is so similar to what he's done time and time again, over the pas few

charges have not yet been made public with more on this historic development i'm joined by msnbc's gary grumbachrse a lot of this right now is not theoretical and political. it's logistics you are near where the president is and there's going to be a lot more logistics involved in him getting from florida to lower manhattan to surrender himself than pretty much than with any other potential indictee >> yeah, for more than two weeks now security officials have been meeting with the nypd down here in florida to the secret service, the joint terrorism task force have been meeting and figuring how to do this safely because the secret service has a duty to protect the former president. and that is exactly what they plan to do it's going to be a very straight forward process here fly to new york and by motorcade or chopper get from the airport in new york to downtown manhattan, lower manhattan for the arraignment in the courthouse if you've seen around the courthouse, if you've been down there, there are already block aids up, there are already fences up. down here in mar-a-lago in west palm beach we'

joining the white house, issuing its own trave advisory about planning trip to mexico and embassies gary grumbach is the president' wilmington delaware. gary, are these new travel warnings for all of mexico o certain parts like across th border what do you know about that? >> alex, four year, is there been a six parts of mexico wit the state farm - do not travel to for america citizens because the risk of crime and the risk of possible kidnapping now the texas department o public safety is telling its residents do not travel to mexico at all in a matter what that is simply just east o texas and the department publi safety there saying that about mexico this all came to a head for tw reasons. just a recent source that we'v seen of americans heading over across the border to mexico. and getting caught up with mexican drug cartels to wear actually killed in one instanc there are three women missin in another instance after they were heading to go to a flea market down in mexico. at the white house is well aware of this. they've released a statement that says in part the united states and mexico will

quite an endorsement there alicia >> gary grumbach, thank you fo getting a starting joining me now is kadia tubman managing editor for insider, and barb mcquade, former u.s attorney, co-host of the hashtag sisters in law podcast and professor at the universit of michigan law school it's great to see you borth. barbara, let's start with. you why do you think trump's team is acting robert costello to take the stand at the last-minute? >> it's an interesting strategy, isn't it, alicia donald trump had an opportunit to come testify, they declined that opportunity of, course anything he sai there could be used agains him. but having someone else anothe third party come in and testif to things might be able to kee some distance from trump unselfish. i don't know whether he's gonn say. it sounds like perhaps he' gonna say things that migh discredit michael cohen. which i based on the fact that michael cohen says that he i going to testify also in a rebuttal this may be at the heart of th case it may be a peripheral matter. and ultimately the grand jur make a decision whether they think this

. >> gary grumbach thank you s much with the latest reporting there in florida appreciate that, let's not bring in prosecutor former justice department prosecutor, msnbc legal analyst andrew weissmann, andrew if you could just broaden out tha discussion of what is -- what we think will be happenin tomorrow we have two more pieces of information within the las hour or two. robert costello, michael cohen appearing tomorrow what is the timeline we ar expecting to see, roughly? >> sure. if the reporting is correct, this really is something tha is relatively unique to ne york law, which is tha somebody who is the target of grand jury investigation has the right to ask the distric attorney to present certai exculpatory evidence to th grand jurors that can be in the form of a witness. what it appears is that, although donald trump wa invited to go into the granary himself and said no, sorry, i' in new york, there is a lot of background noise >> no problem. i am as well >> that witness appears to b robert costello. we don't know if he will i fact testify we also don't know if he wil be sort o

nbc news reporter gary grumbach joins us now. >> reporter: a five-year veteran of the chicago policewas shot and later died after responding to a domestic violence call. when 32-year-old andres vasquez-lasso arrived on scene with a fellow officer police say the suspect was seen chasing a woman down the street with a gun. one of the officers engaged with the suspect who then ran away. that's when the two officers began pursuing the suspect and police say shots were exchanged at close range between the suspect and the now deceased officer lasso. the 18-year-old suspect was taken to a local hospital with a gunshot wound to the upper body and police superintendent david brown says the loss his department is dealing with isn't just impacting the officers of the chicago pd. >> police something a big family of people who know at some point they may be asked to make the ultimate sacrifice. but you never wish or hope that it actually happens. >> reporter: lasso is the first chicago police officer shot and killed in the line of duty in nearly two years. chicago police say an investigation and

coming all the developments from iowa t delaware to capitol hill we are starting off with nbc gary grumbach joining us fro 1:19, delaware with th president spending the weekend gary, welcome we know th president is touting las months better than expecte jobs report. how does he plan to use this achievement to sell his ne budget plan? >> yes, as president biden say that alex all of them giving americans a little bit mor breathing room let's get into job numbers purse and we get to the. budget top line here, 311,00 new jobs were added last, mont that is much more than tha 225,000 jobs that were expected the unemployment rate ticked u as you can see to 3.6%, up fro that record 50 ear low that we saw in january where are these new jobs comin from well, they're coming fro leisure and hospitality an they're coming from retail two places where people spen money if they have the money t be able to spend we saw wage growth increase fraction of a percent as well. as we see with good news fro the white house, president biden likes to talk about it here is what he had to say about the numbers yesterday

nbc news correspondent gar grumbach, joins me now fro mar-a-lago gary, what are you hearing fro trumpgop in the possible indictment >> something i find real interesting, alicia, as no only who the republicans are that are continuing to bac former president donald trump. but how strongly they're continuing to back the man the most powerful republican i the nation and how speaker kevin mccarthy said in a tweet today, here we go again an outrageous abuse of power b a radical da, who lets violent criminals walk as he pursues politica vengeance against presiden trump. he says he's directing relevan committees to immediatel investigate the federal fund are being used to subvert ou democracy. by interfering in election with politically motivated - the most powerful republican i the nation saying that then you have folks like marjorie taylor greene, wh forced a very good friend of donald trump, she's never no been a friend of trump's, she' also perhaps even angling for vp spot. calling this, fake a outrageous but then you've got somebody like former vice president mik pence. by no means a cur