infrastructure offer, 6 trillion or 7 trillion, we have three obama officials slamming biden's policies gina mccarthy, larry summers and jason furman, what do you say that. >> i believe i'm going to say this but i'm in total agreement with the former obama administration official, the biden presidency has been hijacked by nancy pelosi's far left wing of the democrat party. what they say is true his economic policy right now is breaking his promise not to raise taxes, he's going to raise taxes it's affecting everyday americans at the gas station, grocery store groceries are up over 20% sugar is up over 50% you want to build a house or a

three obama officials slamming biden's policies, gina mccarthy, larry summers and jason furman.hat do you think of that. >> i agree that biden administration has been hijacked by the nancy pelosi, far left-wing of the democratic party. what they're saying is true, the economic policies is breaking promise not to raise taxes. it is all going to raise taxes. it affects everyday americans, at gas station, grocery store. groceries are up 20%. sugar up 50%. you want to build a house, lumber is up over 300% right

gina mccarthy has the answer and she joins me next. e answer and she joins me next. ow!tigummies aren't just great tasting... they're power-packed vitamins... that help unleash your energy. loaded with b vitamins... ...and other key essential nutrients... ...it's a tasty way to conquer your day. try centrum multi gummies. now with a new look. ♪ ♪ ♪ ♪ ♪ ♪ deposit, plan and pay with easy tools from chase. simplicity feels good. chase. make more of what's yours. >>> you know what americans love? americans love pickup trucks, specifically the ford f series. this year for the first time, the best-selling ford f-150 will have an all electric model called the f-150 lightning. while the truck won't be officially unveiled until tomorrow, the president got a test drive today. >> mr. president, how does it drive? >> this sucker is quick. >> would you buy one of these? >> i would. >> how does it feel to be behind the wheel, sir? >> it feels great. i tell you what, i don't want anybody to use a stopwatch, but i think we're going 0 to 60 in about 4.3. 4.4? 4 flat? >> mr. president, ho

on behalf of our bloomberg tv and radio audiences, thank you so much, gina mccarthy there. . white house national climate advisor joining us from the white house. coming up, though colonial pipeline ransomware attack has revealed just how vulnerable critical u.s. infrastructure is. we will talk about what the government wants to do about that and is it enough. this is bloomberg. ♪ emily: the biden administration is outlining how it wants to fund efforts to count for a wave of massive packs in the wave of this month's colonial pipeline ransomware attack. here to talk about those measures are security reporter kartik k. obviously, we have seen in so many instances now, hackers compromising critical u.s. infrastructure from colonial pipeline, to solar wind, to the microsoft exchange check. what is the government going to do about it? >> biden administration is putting some money on the table, once and for all, to provide victims with resources and network administrators with resources to actually update their systems -- sorry about that. to make sure that -- really sorry. to mak

on behalf of our bloomberg tv and radio audiences, thank you so much, gina mccarthy there. white house national climate advisor joining us from the white house. coming up, wework's executive chair says the traditional office is dead. he joins us next. this is bloomberg. ♪ emily: are 20-year office leases a thing of the past? wework certainly thinks so. pco told our -- the coo told our ed hammond when he spoke to him earlier. >> the office is very different today. most of our customers are the world's largest companies who basically are spending on their employees because they do not know how many days they will be working. when you are sitting in the only company in the world that has a 1000 building in pretty much the most important city in the world, the demand for wework space today is higher than it was before the pandemic. it allows us to learn how to operate on a cost-flexible basis, and now we have a wework that, like i said before, we should be a profitable company by the end of this year for the beginning of next year at the latest. the demand for flexible office s

let's watch gina mccarthy with her interview with actio's, watch this. >> we had 22 million jobs thatow is not the time to sit them down and say let's talk about climate how can you sacrifice, it is never going to be a winning strategy, right now it's ridiculous, the president recognizes that climate change is a problem and he recognizes that getting there doesn't mean you think about growing jobs, means you do. liz: never going to be a winning strategy, it's ridiculous, this is a pushback against biden, john kerry, jennifer granholm, they said people with oil and gas jobs you can go code this is in the middle of a pandemic, reality got check. >> it makes a lot of sense, it's hard for me too tell what is in the green new deal in the green infrastructure part of biden's proposals, the infrastructure program itself is not college free were talking about spending a trillion dollars and the price of anything in any building product is skyrocketing new-home prices, it's up 20%, existing is up 20%. if we spent a lot of money on infrastructure were gonna drive up construction cost and i don'

let's watch gina mccarthy and alexandria ocasio-cortez in these sound bites, then i'm going to talk tome to sit them down and say let's talk about climate, how can you sacrifice. it's just, it's never going to be a winning strategy. right now it's ridiculous. >> so for each of you, if we could just kind of go down yes or no, are each of your firms still financing new oil and gas production? elizabeth: so that was alexandria ocasio-cortez with the bank ceos in testimony yesterday, house financial services. she's the same person who chased away amazon's 22,000 jobs out of new york city, mitch. >> absolutely. and what i never hear when we talk about green energy and the high quality, high paying union jobs that the green energy initiatives are going to create, we never hear the specifics and how that's going to work, where they're going to be in the country. there are 3 million people in texas, there's 6, 700,000 people in pennsylvania and ohio, important swing states, that could lose their jobs if we wipe out domestic oil production like fracking. so i don't know where we're going to cre

climate policy czar, gina mccarthy, explained, "the u.s. is back in the game." that game?break the ice." hey, it's time for another earth fact! at random intervals over the last four billion years, the earth's north and south magnetic poles have flipped. >> i swing both ways. >> stephen: biden wasn't the only washington insider trying to save the planet. in honor of earth day, the house oversight committee heard testimony from teen climate activist greta thunberg, seen here watching you decide if you're going to wash out that peanut butter jar before you drop it in the bin. thunberg didn't mince the words. >> i don't represent any financial or political interests. i'm not a lobbyist. i have nothing to offer you. >> stephen: "okay, thank you, greta. thank you. thank you for coming. now let's move on to testimony from the c.e.o. of nestle with proposals on how to make all of our fresh water more chocolatey!" thunberg ended with a powerful threat: >> we, the young people, are the ones who are going to write about you in the history books. we are the ones who get to decide how

infrastructure offer, 6 trillion or 7 trillion, we have three obama officials slamming biden's policies gina mccarthyhat do you say that. >> i believe i'm going to say this but i'm in total agreement with the former obama administration official, the biden presidency has been hijacked by nancy pelosi's far left wing of the democrat party. what they say is true his economic policy right now is breaking his promise not to raise taxes, he's going to raise taxes it's affecting everyday americans at the gas station, grocery store groceries are up over 20% sugar is up over 50% you want to build a house or a piece of property number is up over 300% the cost of inflation we feel it in our pocketbooks. liz: we have democrat larry summers obama former treasury secretary, to your point he says inflation is here 7.5% annualized, that is big that the tax on the middle class he is saying democrats could lose because inflation led to the election of former president richard nixon in 1968 and former president ronald reagan in 1980, isn't that big of a threat right now. >> is a huge threat and i see comparisons betwe

three obama officials slamming biden's policies, gina mccarthy, larry summers and jason furman.administration has been hijacked by the nancy pelosi, far left-wing of the democratic party. what they're saying is true, the economic policies is breaking promise not to raise taxes. it is all going to raise taxes. it affects everyday americans, at gas station, grocery store. groceries are up 20%. sugar up 50%. you want to build a house, lumber is up over 300% right now. the cost of inflation we're starting to feel it in our pocketbooks. elizabeth: so we have democrat larry summers, he is obama's former treasury secretary, to your point, he is saying inflation is here. first quarter it is 7 1/2% annualized. that is big. that is a tax on the middle class. he is saying democrats could lose because inflation fueled, led to the elections of former president richard nixon in 1968 and former president ronald reagan in 1980. is that, is it that big of a threat right now? >> i think it's a huge threat. i do see comparisons between former president jimmy carter and president joe biden. i think

i was going to say, larry summers, former treasury secretary, gina mccarthy, jason furman we don't liker policies. listen to this. >> this year we'll be 30 trillion-dollar in debt that is on top of 21, 22 trillion-dollar economy. we're at dangerous levels. elizabeth: okay, so he is saying dangerous levels but you know what we're hearing sir? senate democrats, they're real lay mad that senator mitch mcconnell wants to basically kill the capital riots commission via potentially a filibuster. they will try to get rid of the filibuster to ram through all of the spending. what do you say to that? >> well they're going to do something that will have irreversible consequences. it is not just about the examination they want to create. it is not just about the budget they budget they want to push through, slamly, pickup through, it is really about the long-term taught fur of the political environment in washington. it will be a disaster. i hope there will be folks, several democrats they will rue the day when they do. this maybe they will have some better judgment. goodness, i hope so. right now

. >> joe biden's national climate adviser gina mccarthy won today's big push for electric trucks means for the country and senator chris murphy on why the white house still isn't formally calling for a cease-fire and gaza. all in starts right now. >> good evening from new york, i'm chris hayes. house leader kevin mccarthy announced the he'll be opposing the bipartisan commission for the january 6th insurrection along the lines of 9/11 commission. this comes a little bit as a surprise because because it comes after months of negotiations that he was party to. there's probably a lot of reasons for this announcement. one of those reasons is likely that mccarthy's a principal figure in the big lie that donald trump won the election and everything that happened around it. here is mccarthy two days after the election. >> president trump won this election so that everyone who's listening to not be quiet. do not be silent about this. we cannot allow this to happen before our very eyes. >> we cannot allow this to happen before our very eyes. trump won the election. unequivocal. it's easy, of co

let's watch gina mccarthy with the interview with "axios."actually been empty because of this pandemic and now is not the time to sit them down say, let's talk about climate, how can you sacrifice? it is just, it is never going to be a winning strategy. right now it is ridiculous. you know the president recognizes that climate change is a problem and he also recognizes that getting there doesn't mean you don't think about growing jobs, it means you do. elizabeth: never going to be a winning strategy right now. it's ridiculous. this is pushback against biden, against john kerry, against general jennifer granholm said they can quit the oil and gas jobs and go code. what do you say? >> it makes a lot of sense. hard for me to tell what exactly is in the green new deal and the green infrastructure part of biden' proposals. just the straight infrastructure program itself is not cause-free. we're talking about spending maybe a trillion dollars and the price of just about anything, any building product that you can think of has skyrocketed, home pric

. >> well, it came out and it was -- i mean, it's made up of ceq, omb and climate adviser gina mccarthy. they suggested essentially every one of those projects should be not funded as they extend the life of carbon fuels. i think it would be safe to say given your comments you would disagree with that report, right? >> well, i would have to look at the report. i do know that the administration supports what we've just described. they support nuclear, they support carbon capture use and sequestration, they support hydrogen, they support repairing pipelines so i would have to take a look at it because i would be surprised it -- >> well, we keep saying the administration and they and this is where my concern comes in. i'm great for differing opinions, as a lifelong holder of minority opinions i appreciate when other people have opinions, but, i mean, this is the administration, too, right? this is ceq, this is omb, gina mccarthy is appointed by the president and they specifically argue against extending any infrastructure that would -- specifically targeting carbon capture which is the mos

are now fully dedicated, including my good friend from massachusetts, natural climate adviser gina mccarthy. my friends, i spent 28 years as a senator and four years as secretary of state. and i have voted on important issues like you do and are now. i'll just share with you, fro a -- from an imperative sort of analysis here, these stakes could not be more serious for us, not just in terms of damage and problems, but in terms of economic -- if you will. who is in the race and who haven't? and what technologies are going to define the future? the united states is contributing a declining share of global annual emissions. the biden administration has made important and measurable strides just in the first weeks. at the president's landmark 100 days plus, climate leaders summit on april 22nd and 23rd, we put forward a very strong 2030 emission reduction target alongside ambitious new targets which we worked on with canada, with japan, with the eu, in order to implement a stronger 2030 goal. and the a stronger 2030 goal. and the uk has set a new goal for 2035, with a 78% reduction in emissions.

further away and this weekend on axios on hbo, i talk to the white house national climate adviser, gina mccarthya little carpool climate. she drove me around in a chevy volt. but i asked her about infrastructure and climate and the likelihood of getting republican votes. they're doing the same thing. they're listening. they are saying that they want republican votes, but, joe, at this moment, the administration, eyes wide open. they may do it with no republican votes. all democratic votes. and here's the key thing, they're perfectly willing to do that. >> all right, mike allen, thank you very much. have a great weekend. thanks for being on this morning. >>> in a new interview with "new york times" columnist david brooks, president biden shares the motivation behind his legislative agenda and solidifying america's place as a world leader. biden reflects on his upbringing when america was undisputed -- the undisputed world leader, and how he now sees that rapidly slipping away by failing to research enough in research and investment. biden tells brooks, we're at a genuine inflection point in histo

we've seen a focus in the appointments of john kerry and gina mccarthy and the works of president bidenn hosting his first major summit last week, the virtual summit on climate change. a positive event. we're seeing a major focus on china and our competition with china for military power in the indo-pacific, our competition on trade to make sure that china plays by the rules of international trade, which it's not doing now. our competition technologically, ai, machine science, biotech, and the militarization of those technologies and certainly what president biden talked about in his state of the union address the other night and that is the importance of democracy being self-confident and democracy's being powerful and democracies taking on in this battle for, really, for the future, the authoritarian power who believe it's in his ascendency and i think that nearly everyone in congress would agree with him, democracy should be the way forward and the organizing principle for the world so there's a lot to talk about. we've seen major changes over the past 100 days and we look forward to