i might add that that's exactly what democrats did with the i.r.a. democrats secured $1 billion for the federal permitting offices so that they could -- can do their jobs and they can can do the jobs that are required by the i.r.a. it is already working. the biden-harris administration cut six months off with the medium time it takes for agencies to complete environmental impact statements. and a 16% time saving compared to the trump administration. the department of energy has cut environmental review timelines in half, and the department of transportation has cut time by more than 1/3. these are real permitting improvements. not wishful thinking like we have in this bill. that's what's dangerous about this bill is that the timelines are so short that many good projects proposal would get permit denials unnecessarily. not because of application couldn't pass the environmental review but because the bill forces a decision before the review is completed. instead of letting the applicant wait a few more days to get the review completed. the bill forces

subsidies that are a large extension, expansion of the subsidies in pandemic recovery bills and the i.r.a the trump administration may allow those to lapse that will impact what happens on the coverage side. so we have a lot of things left to see in terms of where that goes and the doge committee we will see how much power and authority there is there, if it will be more recommendations, they go to congress potentially to get some more teeth io the cuts that might come your assessment of the fiscal picture is right the long run trajectory is about medicare, social security and medicaid. >> where is an area you think you might have a big impact? where is an area of, you know, been there maybe not in recent years, you think is ripe for more disruption or maybe more of a rethink? >> look, the public health bureaucracy, no question that has in many ways gotten disassociated from where the american people are. i think the fact that we see a low amount of trust in many of these public health agencies, the relationship, there has always been a challenging relationship between what i call the fa

we thought joining the i.r.a. >> what have the boys done? >> farm raising. >> that was a look at the new fx limited series "say nothing," based on "the new york times" best-selling nonfiction book by author patrick radden keefe. it follows a group of young members of the irish republican army focused on two sisters as they navigate their way through the troubles. and patrick joins us now. he serves as executive producer on the fx series and is also an award-winning staff writer at "the new yorker." a brilliant book, one of the best i've read in a very long time. talk to us about translating it to the screen. >> so, yeah, the book came out in 2019 and at the time i didn't even know that it could translate possibly, but i knew a producer, a guy named brad simpson, who had done a series "the people versus o.j. simpson," very great, very vexing issue of race and the pitch to me was, come on board, you'll work with us, and it will be a partnership and so i spent the last five years getting this thing made. and i'm real

look, we had great progress with the chips and science act and policy propvisions of the i.r.a.ome of the looming issues, as it were, were really causing a lot of concern and, and optimism of manufacturers dropped in the last quarter. to about two-thirds. we were seeing warning signs. >> jay, in all fairness, consumers are not seeing a great economy. i don't -- >> it's how people feel, right? >> right. sometimes people feel one way and reality is another. >> right. >> jay, i want to get to hard facts. we are expecting more tariffs. we don't know the newspumber. either way, are tariffs a meaningful tailwind when it comes to manufacturing sector? >> well, it depends on how they're implemented, frank, to be honest about it. if they're targeted on specifi items that are relative to the china trade deal, the first phase of the trade deal in 2020, if it is targeted against intellectual property theft or issues like dumping or subsidy sags, that could be meaningful here to manufacturers in the united states. it could increase costs for business in the united states which would lead to

what happens with the unspent i.r.a. funds. >> helima croft, always good to see you.nk you for having me. >>> coming up on "worldwide exchange," details for the troubles on the new products. look at nvidia shares down 2.5% in the pre-market. stay with us. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. at betmgm, everyone gets a welcome offer. so whether you're courtside trying to hit the over... or up here trying to hit the under. whew! or, hitting that win with your crew. ohhh! yes, see defense! or way up here with a same game parlay. yaw! betmgm's got your back. get your welcome offer. and play with the sportsbook born in vegas. all these seats. really? get up to a $1500 new customer offer in bonus bets when you sign up now. betmgm. down

they will undo the jobs created by undoing the chips act or i.r.a. he's going to continue to take rights away from women and if you don't like it he will do it anyway because he said whether women like it or not he will do what they want which harkens back to the hollywood access tape and his comments the last couple of days the adds on to many before. he's going to have an enemies list. kamala harris says i will fight for you and have a to-do list. the choice is going to be clear, i think the american people will show up and i think kamala harris will be the next president. >> let's talk about donald trump and his comments on women. i'm going to play some sounds for you of what donald trump said in north carolina today about women. >> i will protect our women. i will protect our women. i got into so much trouble. i said we will protect because i keep hearing i think the women love me. >> the thing that jumps out at me in that incredible comment is our women. >> well maybe i do have to remind people donald trump has been adjudicated by a court to hav

and i do think the with the policies that biden was able to do, talking about the chip act and the i.r.at, these were material but not enough, so you are going to see donald trump, when he sees all of his benefits coming out, coming out of the public good, he's going to try to claim those benefits as something he did, and that is going to be also really challenging for the democrats to reclaim that. >> it is white infrastructure spending is so complicated, mike bloomberg always says that so few lawmakers get it passed, because they know that it won't come to fruition, while in office. dave, maria and george, thank you all for joining me tonight. when we returned, nick kristof joins me, he wrote a manifesto for dealing with this election, and why it is important, as he puts it, to be a watchdog, not a lapdog. and he joins us on the other side of the break. k. >>> my next guest has a new piece out in the new york times titled my manifesto for despairing democrats the piece consists of advice of how to respond to donald trump's a win, and her to talk about the author and friend of the show,

it is unlikely we will see a repeal of the i.r.a. credits. permitting could roll out the projects.tors are taking note. assets in nuclear etfs are larger than in all other clean energy etfs combined. v vi vi vistra is the highest name this year. f flor and bwx provide specialized parts and services. of course, not everyone has the know how of how to make this specialized technology. >> pippa, you have been covering this story a bit. regulators are pushing back on the deal with amazon. >> reporter: we saw the federal energy regulatory commission push back on amazon and talon because they want to locate a center with ususquehanna. the bigger picture here is that everyone, all of the stakeholders, are trying to figure out how do we make sure that everyone is paying their fair share. this data center surge in power demand kind of came out of left field not all that long ago. now parties are scrambling to figure out how do we make sure the costs are properly allocated. tech companies, the most important thing here, is the time to power. they want that power as soon as possible and they

. >> the subsidies and the i.r.a. any risk of that money being deployed in your mind?, it's hard to say that you want the government to intervene more in the economy for the help of workers and sort of president trump in the new way the republican party is doing and pull that money back, especially when so much of it is going to red states. i think the location where that money is being spent in all reality will mean it will keep being spent because that's where the votes are. >> okay. >> again, he may end up calling it something also, but the money will still flow. >> jimmy pethokoukis, great to see you. >> you bet. >>> the dow transports are out performing before the election as investors, customers and logistics companies are trying to figure out the tariffs and trade. >> i think there have been plenty of headlines and customer conversations as well where people are being a bit conservative right now and until they know what things may look like and what impact to their business and new policy directions may take. >> analysts identified clear winners and losers if f

put more money in the retirement account or after tax accounts for 401(k) or i.r.a. missing money.ite and find the unclaimed property office. you fill out a form. it is simple. it took me two minutes and in two weeks, i had a check for $25. enough to go out for a low-priced dinner. >> in new york city. sharon, thank you. i appreciate all of the practical tips and more great information on her money 101 newsletter. sign up by scanning the qr code that you see at the bottom of the screen. >>> joe, what's up next? >>> joe, what's up next? >> in now you can have any coffee drink you crave at home with the ninja luxe café. go from bean to almost any brew with three machines in one. rich & smooth espresso... child's play. drip coffee... up to a travel mugs worth. rapid cold brew... way faster than the drive through. plus you get microfoam that's so luxurious. it's like sipping a cashmere cappuccino. test. test i have active psoriatic arthritis. but with skyrizi to treat my skin and joints, count me in. along with cleare., skyrizi helps me move with less joint pain, stiffness, swelling, a

we heard a lot of broad strokes about removing the i.r.a.or example, but what about the details within it? i think specifically to energy stocks, you have even european utilities and renewables projects. what we are keeping an eye out for are the tax rebates or subsidies are removed and what affect it has on in the u.s. and if it takes a hit if that indeed does happen. >> excuse me. i would also like to look at the eventuality of us not getting a result for a couple of days. we are always trying to figure out what the victory would mean for this and for that specific part of the market. what if we actually don't see a result for at least a couple of days? what sort of reaction do you think we could get in european stocks. >> so, i think you and i would have a tough couple days if we are commentating on that result. investors are reasonably patient. the market is muted this week. it is in the wait-and-see approach. we will wait for genuine outcomes and details. >> a few waiting and see days. we will see when we actually get the result. lookin

what is the perspective of these young people who joined the i.r.a. in the early 1970s and did awful things in the name of united airland, d ireland, how evaluate looking back, the choices they made as young people? wait a second, i did thesething planting bombs in ireland. how do i make sense of that morally today. >> this is extraordinary. i heard incredible things about it, i can't wait to see it. thank you for being with us. i hope you'll come back. all episodes of fx limited series "say nothing" are streaming now on hulu. executive producer and "new york times" best-selling author patrick radden keefe, thank you so much. >> great to be with you. thanks. >> ana cabrera picks up the coverage right now. >> the house ethics committee prepares to meet behind closed doors, could they release their report on gaetz today? >>> plus, more controversial trump picks. a tv personality, and a former ing industry exec tapped for two of the most powerful jobs in the nation. >>> also ahead, ukraine on high alert. the u.s. shutting down its embassy in kyiv, warnin

certainly the i.r.a. is a big focus.hese big projects funded, it will be hard for trump to claw back that money. a number of those provisions he spoke about during the campaign is ones that he would try to zero out, but the thinking is that if you can get that money, you know, into these projects before january 20th it would be difficult for republicans to pull it back. there is also just a focus on, you know, some of the other initiatives like, you know, the chips act, and some of the infrastructure spending as well. and so, i think that they feel like they can get a lot of this accomplished. certainly judges is an area that would help the president and leave a legacy there and really offset, you know, this rightward tilt of the judiciary. >> unclear at this point if president biden will hold a traditional news conference, we hear from presidents in their final days in office. we should expect at least a final address ahead of the inauguration. ken, in our last minute here, the biden legacy got complicated because of do

most recently, it was ctom i.r.a. di who departed.tman for new role at the company. we have reached out for openai for comment. >> thank you. >>> still ahead. instacart among the key names reporting in overtime. we will break down the t themes and metrics every investor needs to be watching. "closing bell" will be right back. we're still going for that nice catch. we're still going for that perfect pizza. and with higher stroke risk from afib not caused by a heart valve problem,... ...we're going for a better treatment than warfarin. eliquis. eliquis reduces stroke risk. and has less major bleeding. over 97% of eliquis patients did not experience a stroke. don't stop taking eliquis without talking to your doctor as this may increase your risk of stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking, you may bruise more easily... ...or take longer for bleeding to stop. get help right away for unexpected bleeding or unusual bruising

so we didn't build the plans and products that we are producing the plan because of any tax or i.r.a. therefore, we still believe that the electrification is the right way to go, is the long technology that we think is going to be established. but also we see that on the way that maybe a little bit longer than we thought, we may need to develop other technologies. this is why in about a year ago we decided to announce that we would produce in that plant not only evs, but also hybrids, and even erevs. >> you will start building early next year at your new plant in georgia. if the sales are lackluster because of questions about ev incentives, et cetera, will you pivot to the production towards hybrids? >> definitely we can. so one of the key trends for our company is the flexibility. as mentioned earlier, not only planning to produce ionic 5, last month, but also the ionic 9 that we will start producing in q1 next year and selling in q2. also we are building another line which is going to be hybrids. so flexibility is one of the big things we are doing. if you look at what we did in the

i do think that the policies that biden was able to do, the i.r.a.rial but they weren't material enough. so you are going to see donald trump, when he sees all these benefits coming out of the public good, he is going to try to claim those benefits as something that he did. so that is also going to be challenging for the democrats to reclaim that. >> is why infrastructure spending is so complicated. mike bloomberg always says, there are so few lawmakers getting past because they know it won't come to fruition while they are in office. dave, maria, george, thank you for joining me tonight. when we return, nicholas kristof joined me. he wrote a manifesto for dealing with this election. why it is important, as he put it, to be a watchdog, not a lapdog, when he joins us on the other side of the break. you did it! with centrum silver, clinically proven to support memory in older adults. unitedhealthcare knows you've got your whole life ahead of you. ♪♪ ♪♪ it's nice to know you're free to focus on what matters, with reliable medicare coverage from unitedhe

>> to build on what's already been discussed i think from an i.r.a. major disrupter. critical we all find the opportunity to detect and encounter adversaries use of a.i. and really important for the public/private partnerships to come together where intelligence might indicate certain nefarious activity going on in a.i. ecosystem, and make sure our analysts between industry and government can share insights back and forth. and lastly public and make aware of the best practices for developing securely and in an a.i. ecosystem. second, talked, mentioned about bolt typhoon living all right land. very different from a trade craft perspective. requires to think differently how we sense and monitor our networks. how long we keep logs on those networks so we can see these potential indicators of a credential user doing nefarious activity inside of a network. that would otherwise potentially cause us harm, an encryption for government systems. the two thing it's i offer. >> awesome. matt? >> thank you. a lot of a.i. discussion over the course of the next few

and there is some odds that the i.r.a. gets reduced or something happens with that.n bottleneck for energy production in the united states of america is the weaponization of the permitting system. crude oil, on the other side, i think the current administration has turned a blind eye to some of the sanctions violations. they're not really big on enforcement, we're big on handing out naughty boy slips and we know where the sanction violators are going, who they're meeting up with, et cetera. the enforcement has been a little lax. i think this new administration is going to take a much tougher stance on enforcement. >> i want to ask you, the administration has -- trump has reportedly considered an energy czar who would go and unwind a lot of the biden kind of climate rules. at the same time, some of the business leaders, i believe exxon, was maybe trying to communicate and say, look, if every four years we go totally one direction and then totally in another and totally back and forth, it is hard to get to be able to invest in projects with clarity in the long-term and

what is the perspective of these young people who joined the i.r.a.eland, how evaluate looking back, the choices they made as young people? wait a second, i did

. >> his criticisms of the i.r.a., of janet yell he, getting an elderly workforce back into the laborce, a lot to discuss about bessent. megan, thanks. as we go to break, watch palantir hitting new all-time highs as bofa hikes to 75 this morning. the stock is up 60% on the moh. > still ahead, closing arguments in the justice department's case against google. the latest from just outside the courtroom in a minute. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. so, let's get to work. (♪♪) growing your business is easy once you know the moves. with godaddy websites plus marketing, you can quickly create a website, and ai will customize it for you. get your business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy. >>> closing arguments under way in google's advertising technology trial with t

same story with the i.r.a.?ustments. i wouldn't be surprised. i think the chips act, while it takes a while for it to be felt, it will be beneficial. it takes a while to build a foundry. the infrastructure legislation i think has some real benefits people are already seeing. so anybody who is president of the united states should feel that they have a mission to unite the country and president trump said that last night. he wants to unite the country and try to bring the country together. he isn't going to run for election again. and when you're freed for having to run for election again, i think you can do things that you wouldn't otherwise do. that's not a concern of his in the future. doesn't have to worry about getting re-elected. it is not something that is going to be on his mind. so i think he deserves a lot of credit for bringing this campaign to a conclusion the way he wanted, the campaign had a lot of bitterness in it and there is going to be hard feelings for some time, but hopefully he can heal that,

we must make changes that were dotted throughout the discretionary spending with respect to the i.r.a. expansion leftover covid monies, we should restore money which would save around $200 billion a year. my point is, republicans are going to have to actually put up or shutup. we cannot walk out of here and throw up a board and say we are going to pass all of these tax cuts or restore the existing tax cuts and then pretend like we don't need to cut spending at the same time. we do. we must. and we mustn't remove the tax pay-fors that enabled that bill to pass in the first place including those limits on the deduction for state and local tax deductions. the fact of the matter is, if we are going to serve our country well -- and this is important for everybody to know -- it is going to be pitch battle for some of us to convince our own republican party that we need to fight to get it to even deficit neutral. and if we get it to deficit newt tralt, we are still losing $2 trillion a year. we spend 6 1/2 almost $7 trillion and bring in $4.5 trillion. my friend put up charts. we need reform

. >> i mean, carl, i don't know what are the expectations when it comes to the i.r.a.nd potential rollbacks to potential revisions and the inflation reduction act, which included a lot of things in terms of dealing with climate change, but you can see the reaction there. >> yeah. >> that said, it's interesting, of course, tesla shares are up sharply. we said that at the top. elon musk, certainly a big beneficiary here of his significant support for president-elect trump. but he still sells evs, which until recently was not something that was -- >> but david, you favor american evs. unionize. that's out. that's out. >> right. >> remember when the head of uaw -- >> he does make a lot of them in china. they don't get sold here, though. >> the tariffs are going to be -- >> that was the other question amongst some circles last night. is this positive or negative for legacy oems in this country? >> i think it's very negative. but look, in the end, mary barra will buy back every share of that stock. ford has no buyback and that's a very big disadvantage. one of my newfound fa

the great thing about the i.r.a., it passed by one vote. when i tell everyone i was the deciding vote on all of these matters, we were all the deciding vote. but some of those weren't loved by the pharmaceutical. but i voted on them and i am proud of them. but i have come to conclude with a number of my colleagues, the focus on pharmaceutical companies is something i support. we're letting pbm companies get away scott-free. one company researches. one doesn't. one industry produces life- saving treatments, one doesn't. one industry is super, super profitable, and another profitable, but the one what is super-duper profitable is the one not doing any research or life-saving innovations. one is under fairly intense scrutiny and one isn't. and it's the one that is the super-duper profitable that is not researching on products that is getting away scott- free. in may of 2023, we passed a great bill out of this committee. and if i remember by memory. i think the votes were 18-3, 18- 3, 19-2, and 20-1. overwhelming bipartisan bills, finally, to r

of the other pro-business things -- is some of it left over from what trump did, or is it all the i.r.and everything? i don't know if i would go messing with the corporate tax rate, if we really love the economy the way it is, if it's not broken, why go to 28 or whatever? >> two things. one, i don't think you're going to ask a political hack about economic -- >> well, that's why you're here, though. >> right. but, two, more importantly, if we're ever going to balance this budget -- >> it's not going to be through corporations. >> some of it. we have to have entitlement reform, we have to do both things. stephen and i probably can agree on two things, and i'm trying to be bipartisan on election day so everybody votes. >> is that a purple tie? >> deep blue. stephen and i both agree that trump's tariffs are ridiculous and would do damage. >> i didn't say they're ridiculous. >> thank you for agreeing to that. and, two, what is even more important is that business has a real role to play in the next 96 hours. you laid this out this morning in your newsletter and other things. business has to

i can see an argument that if the i.r.a.e, that should be a bit of it. i could see although i do not like the idea of him having influence over - per se because i think it is difficult to have somebody in the business influencing the regulation of that business works. maybe they open things up and therefore he has a greater opportunity to move autopilot and everything ahead faster. the question is, those things and maybe others, does that count for a 30% move? in your mind? >> yes, it had been very depressed before that. as you know, we put our research out there. we have our team - our price target is $2600. in five years. that research is out there you can find it you can look at the model. change anything you want. autonomous is 90% of that valuation. we think the probability of autonomous has gone up dramatically. - already doing it and they have broken through a lot of barriers for tesla in terms of introducing the concept., tesla with 7 million robots on the road already, learning the roads around the united states and

i can tell you if it is a bill that was put together like the i.r.a. or the chips act.escue plan. $1.9 trillion on top of what we spent in 2020. that was too much. it happened. it shouldn't have. it happened. i hope that president trump and the republican administration doesn't jump right in to reconciliation throwing the democrats to the side and don't need you at all. the 60 vote threshold of the filibuster is there that gives not only us does stability. it gives the world stability. that's what it does. >> i had lots of discussions about who should be the leader on the republican side and i've had people say if it gets too trumpy, i.e., rick scott, in two years, we're going back and the republicans could lose the senate and the house if it gets too trumpy. i'm trying to figure out you right now. you're independent. are you still kind of a democrat? you still would make a home there? i'm looking at the arrow and i'm looking at -- i want you to give advice to democrats. democrats are saying it's biden's fault. pelosi is saying it's george clooney's fault. what should t

i don't know if that's a meme stock, if you think the i.r.a.otors disappear. there is going to be protection from china evs coming in, they're the last man standing. is that the bet? what is the bet? >> tesla, if it is tesla, tesla is not a meme stock. tesla is not a meme stock, not going to be a meme stock. >> is it that they can do auto pilot in a way they didn't before? i'm trying to understand how the stock could be worth 30%, 40% more in a week. >> the only reason why is it is an emotion associated with that, the relationship between trump and musk. if you own tesla, to trim back a little but of tesla now, i own tesla, and i'm not getting out of tesla, i think trimming tesla with -- a handful of stocks expanded over the last couple of weeks, is it prudent for the investor to trim back, there is emotion associated with that. when you get an emotional reaction, the stocks either do extra special good or extra special badly. but i'm not worried about tesla long-term and i think musk will figure it out. and the fact he's buddies now with the p