john jay ended up negotiating jay's treaty, as it became called, in 1795 with britain.and the measures within the treaty were that britain would finally leave those posts in the west that britain was supposed to have left according to the terms of the treaty of paris, but had not yet because of outstanding debts. in jay's treaty they also agreed that american merchants could submit claims to britain for illegally seized goods. so, if goods had been seized by the british they could try to make their case in had britain. jay's treaty required the u.s. government to pay american citizens pre-war debts to british merchants. so, that's the exchange for getting the british troops to leave the west. and the treaty acknowledged the british right to seize french property if it was on an american ship. so, still to stop an american ship but only to take french property off of it. thomas jefferson was furious. he said, this treaty is far too cozy with the british, who we just beat in a war. and jefferson thought it was shocking to promise to repay debts to your enemy, to repay pre

jay's treaty required the u.s. government to pay american citizens prewar debts to british merchants. that's the exchange for getting the british troops to leave the west and the treaty acknowledged the british right to seize french property if it was on an american ship. still to stop an american ship, but only to take french property off of it. thomas jefferson was furious. he said this treaty is far too cozy with the british whom we just beat in a war. and jefferson thought it was shocking to promise to repay debts to your enemy, to repay prewar debts after having beaten that enemy in a war. in the cities, crowds and also in the countryside, settlers burned jay in effigy. hamilton was giving a speech and was pelted with rocks and came away bloody. people accused the federalists and the jay treaty of selling out the american revolution. but federalists got it through congress. they got it passed 20-10 in the senate which -- and the treaty required two-thirds to pass. just barely passed. beginning in 1791 an even

jay rosen: we would be better off as citizens.an to earn trust under a different claim, which is, "here's where we're coming from. we all have views of the world. but there are some objective facts, and we've discovered what they are, and we are specialists in verification. we know when things have been verified and when they haven't." and i think some combination of high standards, the verification, high standards and transparency, saying, "here's where we're coming from," would be a stronger basis for trust. soledad: it seemed to me trump would tweet and a lot of reporting was sort of palace intrigue, explaining what was happening behind the scenes and chaos. and from all indications, a few days then, -- a few days in, it looks like the biden administration is going to be very different on that front. how do you think that's going to reflect in the content then that people are seeing? jay rosen: i think the shift has to be to problem solving. that's what people care about, is the government solving my problems, our problems? it'

john jay ended up negotiating jay's treaty in 1795 with britain, and the measures within the treaty were that britain would finally leave this post in -- those posts in the west. they also agreed american merchants could submit claims to britain for illegally seized goods, goods that belong to american shippers had been seized by the british they could make their case in britain. it required the u.s. government to pay american citizens pre-war debts to british merchants. that is the exchange for getting british troops to leave the west, and the treaty acknowledged the british right to seize french property if it was on an american ship. still to stop an american ship but only to take french property off of it. thomas jefferson was furious. he said this treaty is far too cozy with the british whom we just beat in a war. jefferson thought it was shocking to promise to repay debt to your enemy, to repay prewar debt after having beaten that enemy in a war. in the cities and the countryside, country settlers burned jay in effigy. hamilton was giving a speech in favor of the treaty and was pel

but john jay looked at the supreme court and said no, i do , not want to go back there. the institution does not have energy or influence. the early justices even have to go on horseback, hearing cases throughout the united states. in many ways, it was a very unpleasant mission so he did not want to take it up again. so adams turned to his own political ally, moderate federalist john marshall, his secretary of state. we get a great quote from adams. he says " my gift to john marshall to the people of the united states was the proudest act of my life." without a doubt, john marshall was the perfect man at the perfect moment for this institution. we have the peaceful transfer of

jay: we looked at what others were doing in this space. decided to do was focus units,erving the housing making them affordable and allowing them to be affordable for many years into the future, rather than focusing on building new units. what is your take advantage of the speed. -- we wanted to take advantage of the speed. we are providing substantial loan guarantees for a big portion of the deals required. we are not just a layer of financing. see, as some others have approached us, and that means that we can move quickly. the two initiatives that we announced today, one and northern virginia and arlington, where our second headquarters is located. they came together in a matter of weeks, literally. that is because of the scale that we were able to bring, and the way that the housing agencies were able to take that scale and put it to work. emily: we know that the housing crisis disproportionately affects communities of color. how does this address that? jay: one of the things that we are trying to do, that i think it a little novel in o

for jay z to be the first one to get rick reuben to produce in such a long time shows how special jaythinking maybe we start a cappella with if you're having more problems, i feel bad for you, son. i got 99 problems but a bitch ain't one. >> that's money. >> rick reuben created so many classic, hip-hop records with the beastie boys and run dmc. taking a beat and mixing it with an ac/dc guitar staph. ♪ son do you know why i'm stopping you for ♪ >> what jay z represented was you could actually have real longevity in hip hop. and for the longest time, new york had been the center of the world in hip-hop. the south, for the most part, hadn't really made itself heard. and that starts to change in 2000s. and you are getting outkast. and outkast is amazing. >> outkast became rap's beatles because we found both but particularly, andre becoming more obsessed with a kind of adventurous landscape of music. >> serious hip-hop already knew about outkast. but then, they have this song called "hey ya." it's barely a hip-hop song, really. i'm not sure what it is, but it's got this kind of frothy, '60

jay, welcome i want to ask you this and i mean it sincerely. i actually know somebody who pulled money out of their 401(k), people will say it's st stupid, penalty free, and bought bitcoin. it sounds ridiculous but it's happening. do we have any idea of the breakdown of retirement, people pulling money out? what exactly that money is going for? >> well, you stated the headline loud and clear you know, from the joint research, personal capital conducted with kiplinger's and 6 of 10 people are withdrawing money from these accounts. i think you also mentioned primarily that money is going into ordinary living expenses about 61% of it. about 40% is going into medical expenses there are other rareas. home improvement, auto repairs we didn't see much with it going into bitcoin but these are people's retirement assets, the nest egg they've built up. many respondents have been saving money for decades to build this up and quite frankly the results we see from the survey are astounding. >> jay, again, when i look at the average 401(k) balance is $8,000

but john jay looked at the supreme court and said no, i do , not want to go back there. the institution does not have energy or influence. the early justices even have to go on horseback, hearing cases throughout the united states. in many ways, it was a very unpleasant mission so he did not want to take it up again. so adams turned to his own political ally, moderate federalist john marshall, his secretary of state. we get a great quote from adams. he says " my gift to john marshall to the people of the united states was the proudest act of my life." without a doubt, john marshall was the perfect man at the perfect moment for this institution. we have the peaceful transfer of first power from the federalists , the democratic republicans, from adams to jefferson. and with that, a major philosophical change from the president and congress. we have marshall in the judiciary. john marshall, a powerful federalist who believes in judicial independence and a strong national government, but we have the jeffersonians in charge of the political branches devoted to limited governm

annmarie: what's the kind of tone jay powell needs to have today?s the first time he was full-time on the fed governors board. he urged for that tapering. does the memory of the taper tantrum of 2013 loom large in his mind? sam: definitely. i think that's why, combined with the fact that the fed now has a different strategic framework with its flexible average inflation targeting policy, will inform the messaging which will be super dovish. the 20 experiences very much and impotent to that. the framework of the fred is different today. it is far too soon for us to be expecting any incrementally more hawkish shift from powell today. if anything, he will likely try to go above and beyond the dovish messaging that we heard from him just over a week ago. annmarie: of course, 2020, he was pointing the finger at capitol hill. we need more fiscal stimulus. do you expect him to embrace this new plan from the biden ministration of $1.9 trillion? sam: as always, powell will be cautious and commenting on the ongoing fiscal discussions. they don't want to be in

jay powell was asked if he thought the markets could be causing instability.e said he did not think monetary policy was the key factor in property trading. let's discuss with the bank's chief global equity strategist. great to have you and thank you for staying up there in london. it is interesting, jay powell sounding super dovish. stocks still dropped the most since october. he said that the correlation between asset prices and liquidity is perhaps not as tightly correlated as some would say. would you agree? >> yes. i think the framework is still quite supportive for risk assets. we are early in this cycle and we are just approaching a point where hopefully economies are coming out of a deep recession. the fact that ager central banks, the in particular, are prepared to give such aggressive forward guidance it's going to be a support for the broad cyclical recovery, which we are expecting. on the other hand, in a short period of time, i think these two things are not necessarily correlated. looking at the way that markets moved between risky and less risky

done de-jay snippets. >> de-jay snippets always plays my friend nadia's party around thanksgiving it's than one >> jimmy: also shout out to d man. >> wanda reach out to quest love. >> jimmy: have a snippet-off i would totally, listen, i would love that. i wanted to give you -- poppy made it on to the poster >> oh, my gosh >> jimmy: look at this you're on the poster for breaking news. >> yes look at that look at that baby girl right there. >> jimmy: was she proud? was she professional did she hit her mark talk to me about poppy >> jimmy, i thought it was going to be so extraordinary to, like, be in a movie with allison who most of my scenes are with she is an academy award winner all that then they're like but introducing poppy louis mandrell everett so they asked if she'd be in the movie. she is in a scene with regina hall, a major movie star, very cool poppy sits on the bed. i'm back in the corner behind the cameras. poppy nails it on the first take they do one more for safety and i'm just back in the corner crying because i was so proud of her you know, jimmy, she started off as you

chairman jay clayton will give us his thoughts.> welcome back to "squawk box. two quick stocks to watch this morning in addition to game stop and the other story stocks las vegas sands reporting a bigger than expected quarterly loss the company's ceo saying the co covid recovery process is underway, and things are getting better there, they're saying now. take a look at levi strauss, their shares dropping, earnings and revenue topping estimates but the forecast for the current quarter disappointed investors, and you're looking at that stock down 4 1/2%. becky? >> up next, andrew, reddit's cofounder alexis ohanian is going to be joining us for an extended interview on the wide moves in heavily shorted stocks that were started by a public forum on reddit. yeah, that's right it was the rise up against the shorts movement. we're going to talk to alexis about what he thinks about that and what he thinks as an investor find out what he's doing that's after this very quick break. my retirement plan with voya keeps me moving forward... eve

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jay jay boatman celebrated his 9th birthday just a few weeks ago.s an active, loving little boy. >> he was a loving, caring little boy like every time he would see you or see any family member he would run up and hug you. >> well, jay jay appeared to be fine on sunday night, but monday morning his health began to deteriorate. and he was flown to cooks children's medical center in ft. worth and faced on a ventilator. doctors said his lungs were filled with fluid and his brain had swollen from lack of oxygen. tuesday morning, the little boy's heart gave out. >> we didn't know he was never going to come home. it's hard, of course. that was her baby boy. that was her only son. we're going to miss his whole life. his life hadn't even started. >> well, jay jay is survived by his parents and two older sisters. his dad writes, we appreciate everyone's love and support. please be safe and use your please be safe and use your mask. -- captions by vitac -- www.vitac.com >>> i'm pamela brown in washington. welcome to our viewers in the united states and around

haslinda: how about fed chair jay powell? sound the same message when it comes to tomorrow's policy meeting? kathleen: i am sure he will. in the last month or so, he has said the same thing over and over and over. he said in his own words, it's too early to even talk about exiting from the bond purchase, exiting from a stimulative policy. a couple weeks ago at a princeton university seminar, he said the same thing. he's warning central bankers, you've got to be careful. he says the fed is ready, thinks it's too early to exit. he will send the signals to let people know, and rich miller, putting together a lot of analysis showing, jay powell was part of the team in 2013 who wanted to start tapering bond purchases, followed by the taper 10 to that followed bernanke for so long. jay powell learned his lesson, and he's determined not to make that same mistake again. another dovish message at that meeting tomorrow. haslinda: we await what he says. kathleen hays, thank you. still to come, the world health organization urges rich na

john marshall supports washington and john jay. he becomes a member of congress and of the adams administration. but because of these moves, by the washington administration france becomes inflamed with the , united states. france had supported us during the american revolution. we had war debts that we owed to france that we no longer wanted to pay after they got rid of the french king, after the french revolution. so adams, dealing with hostility from france and france seizing our ships and stealing our goods destined for great britain he sends john marshall and other , envoys to france to come together with a treaty that can create friendly relations between france and the united states. this becomes known as the xyz affair. so it is john marshall sent their with eldridge gary and charles pinckney. the three of them are attempting to negotiate with the french government. the great intrigue or talley road they are trying to establish relations. france sends envoys as well. they are x, y, z, in these dispatches. they said you must

ceo jay snowden here in a fox business exclusive. brady or mahomes, who are his customers back ahead of the big game? what are the biggest bents he's making in 2021, and what does he think of the reddit room rebels? closing bell ringing in 45 minutes. we do have the s&p 500 and the nasdaq charging ahead at the moment, green with on this screen today. ♪ ♪ ...and then what happened daddy? well, you see here... there's a photo of you and there's a photo of your mommy and then there's a picture of me. but before our story it goes way, way, way back with your great, great, great grandparents. see this handsome man, his name is william. william fell in love with rose and they had a kid. his name was charles and charles met martha... isn't she pretty? yeah. at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers isn't she pretty? with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55. research shows people remember commercials with nostalgia. so to help you remember

>> jay leno wanted to essentially just continue doing a johnny carson-type show.they had different styles. >> what is your name? >> i'm going to ask you to turn the cameras off, please. >> okay, we just wanted to drop off this basket of fruit -- >> part of dave's thing was he attacking authority, he liked that. >> he needed a corporate bad guy to go up against. i was oftentimes that target. >> i can hear this warren littlefield guy whining all year long about not getting his name on the card last year. >> he's on it. >> look, what about me? i could be on there, couldn't i? >> it was always letterman's dream to be the host of "the tonight show." he idolized johnny carson, rightfully so. >> the big decision that's had the entertainment industry buzzing is due this week. that of course is the fate of nbc's "late night" stars jay leno and david letterman. >> most of us thought the person who deserved to get it was david letterman. he didn't get it. jay leno got it. >> leno, who earlier rode his motorcycle into a news conference hosted by nbc entertainment president wa

to negotiate the jay treaty and that creates a sears you rupture between washington and monroe. afterwards when he returns he has been re-called and arrives back in adams' time. he feels at loose ends but his friends mad disson and jefferson get him oelectricities to governor and then they send him jefferson sends him to close the deal on the louisiana purchase help spent several years ago -- on diplomatic missions to spain and minister to england, and is re-called by secretary of state madison, and again has a little year of two of privacy and then becomes governor again, and then serves as madison's secretary of state. also made the secretary of war. holds both positions after washington is gone for a while and then is elected to at the presidency. >> he holds almost every position somebody could hope to hold from the american revolution into the early republic. >> yeah. he pretty much, i believe he held more positions elect and appointed than any other president in our history. >> you have already mentioned jefferson and madison. one thing that struck me as i was reading your

cars and a lot of the drive he he used to say to me i'd go to jay did 225 gigs last year why do you do it. if i do it every night i don't have to write it that hour which always made me laugh but he also had that worry where he would just he was this rule thankful you know he has a i find it rob not someone their yacht in which jay was i find them interesting chats i think they're they're out there in their bibble overalls working on their cars under a flashlight late at night and they sort of develop their own personality and later in life i find that they're less needy with the approbation of other people and i kind of like that where you are right now when you're young man you know growing up my 1st car was a 71 pontiac formula firebird and he was either that or my grandmother's subaru and that firebird. and i had to do you have a woman her own bracket. who had a whole car universe bracketed their brother so i've always been a car fan i continue to be this day and in building this last car that i've been building which has a 74 camaro z 28 i've had so many headaches hassles and e

this is the conundrum to jay powell's point.f interest rates are a problem, they would be a problem. i think most of wall street really will disagree. tom: we had this week our quota of abramowitz gloom. jon: i'm watching the clock, don't worry about that. [lisa laughs] jon: we are going to get you to do a 10 minute monologue. this is bloomberg. ♪ ritika: jerome powell says we are a long way from a full recovery. he pledged to keep the central bank's monetary spigots wide open to help the economy hurt by the pandemic. he brushed aside concerns that the super easy stocks will lead to a stockmarket bubble, and to high inflation. president biden will not make it easy for americans -- will make it easier for americans to buy insurance, opening the obamacare marketplace with an executive order today. a special enrollment period will begin february 15, helping people who lost their insurance when they lost their jobs. the republican party not automatically back donald trump in the 2024 presidential race. the chairwoman of the republic

protest leader jay gutierrez fears he'll be arrested many more times fighting white supremacy in america, especially now, as he sees it, the white has been emboldened. well, there's going to be, you know, chaos in some way. there's going to be uprisings from their end, there's going to continue to be uprisings from our end, of wanting to see change and wanting to see justice prevail. so, i just think that you're going to see that intensify. i don't think in any way, shape orform, biden winning, i don't see, you know, there to be peace from this point. others on the left say the issues of inequality and poverty are ones that will keep them fighting, too. eric and his militia mate tim wanted to show off their preparedness for the battles they're expecting. explosion.

. >> plus, our favorite monk is with us, jay shetty. later on in our third hour, we're going to get you ready for tomorrow's start of the nfl playoffs we've got hall of fame coach tony dungy and steve kornacki. >> what, steve kornacki? >> breaking down the games and as a bonus, your odds of striking it rich in tonight's megamillions drawing we have him at the big board really working overtime. >> we'll take a peek into next week while we're talking about what's coming up on "today." our schedule is packed with some of our favorite stars. they include justin timberlake, gwen stefani and bobby flay. >> tomorrow, a decent day up and down the east coast, a southern chill through the southeast. the cold continues around the great lakes. snow in the rockies. as we move into sunday, sunday, it's sunny and cold from plains across the great lakes into the northeast and down to the southeast. texas storm firing up, possibly bringing appreciable snow to northern texas rain and snow into the pacific northwest. that's what's going on >> good morning

jay and cheryl, and 64, would have celebrated their 46th wedding anniversary tomorrow. all thely members who share these beautiful stories, we thank you. our hearts go out to you and to all those who have lost loved ones in this pandemic. >> woodruff: the most reverend michael curry is the presiding bishop of the episcopal church his latest book, "ve is the way holding onto hope in troubling times," reveals how love fueled his jouey, fr a descendant of slaves to the top potion in a predominantly we spoke earlier, and i began by asking whether he foreshadowed the conflicts of this momt as he wrote. >> the perfect storm of a pandemic or racial reckoning and a polarized american society had-- wasn't in my mind. but i knew that we were divided. i knew that we had some racial history with some past-- with some difficulty. and i hoped that my story would contribute something positivens and uctive to that. again, pre-pandemic-- or o c, as i likey, before covid. >> woodruff: bishop curry, you "in a world that feels at times closer to a nightmare than the dream." i mean, yore po

brown marshall from the john jay college of criminal justice thank you. tuesday's a special runoff election will decide whether joe biden can push his agenda through congress democrats will soon hold the white house and the house of representatives but if republicans control the senate they're likely to frustrate the new president at every turn so here's the current balance of power in the senate where republicans have a $51.00 of the $100.00 seats democrats and 2 independent allies hold $48.00 seats so to take power in the senate democrats need to win both of the ga seats currently off for grabs where vice president elect to come a couple harvests at deciding vote that would create a majority of $51.00. a closer look at the contestants in that georgia runoff 2 democrats also off and raphael warnock and 2 republicans they've had enough and that kelly. and david thank you so the polls show the potteries neck and neck with the democrats having a slight advantage so d.w. so all of a solid reports now from georgia this crucial vote. it's people like julius ha

the deal jay is extremely conservative state governments are extremely careful when they're thinking about bringing cases like this against major corporations you see they're typically not going to pull the trigger on cases unless they have that smoking gun evidence against these defendants so the very fact that the d.o.j. that these state governments have brought these cases even after facebook has made ridiculous efforts to make them go away means that the d.o.j. has good authority to bring these claims that they have evidence of intent to break these antitrust laws well we're going to keep an eye on this one sarah happened tony 11 papen tonio in pensacola thanks again for stepping into the big picture just now when we are most vulnerable the wise guys are on their game how are they trying to rip you off now let's ask the author of a stack of books including identity theft alert 10 rules you must follow to protect yourself from america's number one crime stephen j. j. wiseman thanks again for being here and while we're waiting our turn for the covert vaccine scam stirrers are out t

samsung boss jay wiley is sentenced to 2 and a half years in prison over a huge south korean corruption scandal and international condemnation after kremlin critic alexander valley is arrested moments after returning to russia. it was this week one year ago that the world started becoming aware of the seriousness of a viral outbreak that would explode into a full blown pandemic well in china was the 1st place to go into lockdown al-jazeera is investigative unit has obtained videos recorded during the earliest days that was smuggled out of the country filreis has this exclusive report. a year ago journalists from chinese state media arrived in hand to cover a story about a mysterious new virus is 3 days before the city goes into lockdown. the few confirmed cases of the disease i want to see food market one this is a single this is just a little on the no on the closure that we have concealed the generally side entities for their own safety they soon realize the outbreak is much more serious than they thought there was a reporter who we've called yang continues to film secretly after bein

brown marshall from the john jay college of criminal justice thank you. tuesday is a special runoff election will decide whether joe biden can push his agenda through congress democrats will soon hold the white house on the house of representatives but if republicans control the senate and likely to frustrate the new president at every turn so here's the current balance of power in the senate where republicans have a 51 of the 100 seats democrats and 2 independent allies hold 48 seats so to take power in the senate democrats need to win both of the ga seats currently off for grabs where vice president elect to come a couple harvests at deciding vote that would create a majority of $51.00. a closer look at the contestants in that georgia runoff 2 democrats john asaf and raphael warnock and 2 republicans they've had enough and that kelly. and david you so the polls show the party's neck and neck with the democrats having a slight advantage so d.w. so all of a solid reports now from georgia on this crucial vote. it's people like julius hall who the democrats

saying that it needs its boss this is by far the biggest conglomerate here in the south korean economy jay wiley is its de facto head it does not want him to have him sitting behind bars all of these charges go back to 2017 when j. wiley was found guilty of bribery of paying bribes this was all involved in the collapse of the government of park geun hay the disgraced president at the time and also a longtime associate of her choice on still both of whom are now serving long terms in prison now lee was found guilty of having paid bribes to foundations controlled by choice it was thought as a way of smoothing the transition of power from his father who was incapacitated at the time to heal himself now he was originally charged sentenced to 5 years he served one year of that before being released but the prosecution has been trying to reimpose a tougher sentence and that is what has been achieved this monday he walked into court to hear the ruling but was immediately re arrested again he is likely to take this back to the supremes court but for the moment. is back behind bars with a 2 and a h

jay gordon moore. mayflower hotel, we seek misses down, and her sister jay gordon moore.ges and misses bridges. ♪ >> the president and mrs. eisenhower were escorted to their box by the hosts. as the orchestra salutes the president, we bring to a close a salute by the american people to their leader, the president of the united states, dwight david eisenhower and his beloved mamie. ♪ >> american history tv, 48 hours every weekend on the people and events that document the american story. >> next, a look back at president bill clinton's farewell address from the oval office on january 18, 2001. he served two terms as president, from 1993 until 2001. pres. clinton: my fellow citizens, tonight is my last opportunity to speak to you from the oval office as your president. i am profoundly grateful to you for twice giving me the honor to serve, to work for you and with you to prepare our nation for the 21st century.

jay: those are still actually very small stocks. they are big companies that fly planes, but american airlines is a relatively small stock, where it is today. i own jet. think about american airlines as a stock. jet is all american airlines, you put them all in one basket, that is the joy of etf's. i have been watching the action there closely. because i think that we are getting closer to the true reopening trade as vaccinations accelerate in the u.s., and we potentially get good news from johnson & johnson and its efficacy and its vaccine in the next couple weeks, i think things -- i think the airline stocks will move materially higher. not because of options, retail traders playing in the options of space, but because we will have a reopening of the global economy. people are going to travel, and the airline stocks, which are depressed, will zoom for good reasons -- for economic earnings potential reasons. when i look at the action in those stocks in the last couple days, i'm hardened. because you had a big pullback yesterday, an

the seoul high court is set to give a final ruling on samsung electronics�* vice chairman jay y lee'sonvicted of bribing an associate of former president park geun—hye and jailed forfive years in 2017. that sentence was reduced and suspended on appeal and he served just one year injail before being freed in 2018. prosecutors are seeking a nine—yearjail term for him. joining me now from our asia business hub in singapore is shara njit leyl. what's the latest, sharanjit? we have just literally in the last few minutes got the verdict out, jay y lee has been sentenced to 2.5 years on that bribery charge, prosecutors had been requesting a nine year prison term for him and even though he seems to have gotten off lighter than expected, though analysts have been warning that his legal problems are beginning to potentially scupper samsung's future as a global tech giant. it is of course the world's largest smartphone in memory chip maker, it produces a plethora of other electronics as well but this bribery charge over the last few years over which he served jail time has really sidelined him f

jay powell was optimistic. far more important than any specific policy is going to be on the virus develops, and there are a lot of positive developments. there is a vaccine coming up. there is a good chance we will have a very strong recovery. kathleen: a comment from you because you are known for your work on watching currencies. weaker dollar, strong dollar, and how is the fed going to deal with it? >> short-term if there is a large stimulus, that traditionally means a weaker currency because that does raise concerns about prices picking up , but then if we have a strong recovery that will make the u.s. an attractive place to invest also. there are a lot of forces at play in the dollar is the global reserve currency. although there are risks, concerns in the u.s. it is not clear there is another currency that is more stable and more promising right now. haidi: christian forbes -- kristin forbes, such a pleasure of having you want today. we get much more reaction from the president elect a biden plan. preside

joining me now is jay johnson.uring the obama administration he was pentagon general counsel and secretary of homeland security. welcome, jay. let me start by asking you, obviously, this was a failure. it was a failure to prevent a mob that attacked the capitol. but where do you think that failure lay? we knew this was coming. we knew that there were people, including the president, inciting the mob. that was all in plain view. what do you think broke down that allowed the breach of the barricades? >> fareed, i don't believe it's complicated. it was a failure to see something that was in plain sight. we know how to provide ample security to prevent a breach of the capital. it's called an nsse, national special security event. the inauguration is an nsse, the state of the union, un general assembly session with heads of state and the presidential conventions every four years or three years is dhs secretary had the responsibility for overall security of these events. once something is considered an nsse at that level

and i mentioned jay powell because he was speaking.ted speaking at 12:30 and the market just sort of watching it tick by tick because recently you had as many as ford fed officials who talked openly about the possibility of tapering. of course the fed had been saying you know they didn't want to. now some of the comments he said today were interesting. including he said they wouldn't hike unless there was quote, troubling inflation. mark, start with you on this. commodities have gone up a lot higher since we started talking. the market started to drift. >> yeah. charles: what is it? does the market not believe, @, that powell and company can do what they want to do? or maybe they will be forced into taking away the punch bowl and if so, this taper tantrum could be the very beginning of something uglier? >> it could be. you know the fact that yields have been low, that is what helped us with the whole tina trade, there is no alternative or you go into stocks. if yields go up, like courtney said, they basically doubled since october that

>> well, look, i think last year, excuse me, i think last week we saw fear in jay powell's eyes.e said we're not even opening the discussion and yet deutsche bank survey came out this morning showed that a third of investors are concerned that the fed is going to taper. when the market did the taper tantrum back in may of 2013, it scared bernanke so much he didn't move until december of that year. this is years plural. the recession ended in june ever 2009. when you consider how long it took for the fed to begin to normalize rates. i don't see it, charles. i think jay powell is truly frightened of the idea of normalizing, tapering the purchases, thinking about raising interest rates but again to what brian was saying before, at some point the market itself could take over and start assigning higher interest rates even though the fed is buying all the treasurys issued to fund all the stimulus spending. >> all right. so the bottom line though is, there may be fear in powell's eyes but when wall street looks at it looks like it has a twinkle, they're like, keep the pedal to the meta

maybe fed chairman jay powell will give us a lot to chew on.we get to the point where we get the announcement, how do you see the day shaping up and why is everything lower for the most part. >> nasdaq is set to open higher because of the microsoft earnings from last night we're kind of retrenching from a hot open to the year we saw cyclical stocks leading, the interest rates moving up aggressively, and all of those things have refrtrenched a bit we're seeing growth stocks doing better, the vaccines, the new strains. anytime there's an absence of good news, you tend to have skepticism or bad news tend to fill it. that tends to be what happens. the good news comes from the fed, the economic data we're going to have on consumer spending, gdp, although i doubt it, and ultimately what's going to make the biggest difference is evidence that the vaccinations are ramping up into that 2 million, 2 1/2 million per day range in the u.s. and ultimately hopefully in europe as well, and i think that is the key to unlocking the economy, unless and until that

jay y., gets sent back to prison. kospi one of the best performers in asia, best in the world for 2021, continuing a rally, with not much of a correction. it is enough to push the index higher. plenty more to come. this is bloomberg. ♪ rishaad: 10 20 9 a.m. in hong kong and shanghai, 9:29 p.m. in new york, here is a look at some of the first word headlines. president trumps approval rating fell to 34% in the gallup poll monday. it does underlie a term that had the lowest average approvals of any president gallup began measuring it under harry truman. preparing to inaugurate joe biden under unprecedented security. thousands of national guard troops have been sent and along with barriers preventing access to the capitol. china's sinovac is defending its vaccine saying it is more effective, administered over a particular time. the shot delivered wildly varying data across the world. indonesia's leader received the jab last week, and brazil has authorized its use. australia unlikely to open its

moments away from jay powell in princeton. we're back after this. >> . ♪ ♪ ♪ ♪ ♪ >>> welcome back, everybody. i'm sue herera here's your cnbc news update at this hour. new york state attorney genera latisha james is suing the new york city police department. james said police misconduct during racial injustice protests this spring are part of a longstanding pattern of abuse. >>> delta's ceo ed bastion says he expects people who rioted at the u.s. capitol to be add the to the no-fly list and they're checking firearms on flights to washington, d.c., ahead of the inauguration. >>> federal officials now telling nbc news that a decision on opening the national mall for the inauguration has not yet been finalized the park service now expects to make an announcement as soon as tomorrow >>> and mickey mantel rookie card just like this one sold for a $5.2 million, that is nearly twice what the same card sold for in 2018. speaking of inflation, at least that's what some people are saying scott, you're up-to-date back to you. >> and oh,

all eyes tomorrow will be on what jay powell in the fed say.ight now all i seem to be on gamestop. caroline: no one's going to be talking about -- tom keene stays up from 2:00 in the morning all the way through, he will be pumped up and happy. who is the next big name to come in on gamestop? joe: it's like we've got everyone. i don't think warren buffett is going to be tweeting about gamestop anytime soon. in terms of billionaires who tweet, we might be reaching the limits. caroline: meanwhile, let's dig on -- dig in on what is happening with president biden, how they are tackling covid vaccines as well. will discuss the rollout with our health reporter. we've already got the headlines that have rolled out in terms of doubling down on buying the vaccine from dharna m -- fromoderna. is this going to be enough to get into arms quickly enough? here is president biden. >> to dad like to update you on where we are. -- today i would like to update you. tomorrow we are going to begin briefings that will occur on a regular basis. we are bringing back t

i was talking to jay johnson about this earlier. it makes sense but certainly sad. >> you know, anderson, i think what was realizing now is what happens when you have the power of the presidency, the bully pulpit of the presidency combined with 80 million twitter followers and a president who really will violate any norm and tweet conspiracy theories, lies, attacks on people and say i'm passing them on. i think what we've really saw at the capitol is how deep that rot went. how many people in the country have been marinated in these conspiracy theories, qanon craziness and it is frightening and so i've been thinking a lot lately anderson about what i learned trying to combat islamic radicalism and there is two things to keep in mind here. the first is ideas don't just win. they require power to win. you know, bin laden was powerful. when the soviet union collapsed, so did communism. when the nazi germany collapsed, so did nazi-ism. the free markets and free people for the 50 years after world war ii because we were strong. the fact

after warning of violent protests, nbc's jay gray has more. >> reporter: every day, the trucks, the troopssecuring the nation's capitol are building. by wednesday's inauguration, more than 25,000 national guard soldiers will be on the ground along with police and federal agents >> you know, i don't think anybody has ever seen anything like this. >> reporter: outside the razor wire fencing businesses are boarded up businesses closed down >> our special agent in charge talks about the general and specific threats that our intelligence apparatus is collecting both here and across our nation >> i just drove an hour and a half here, so, just to be here, just to stand up >> reporter: a handful of demonstrators and armed militia gathered briefly at michigan state capitol met there by a show of force. >> everybody saw what happened last week at the u.s. capitol. we want to make sure that scene doesn't repeat itself here in michigan >> reporter: state houses across the country have become fortresses >> that would be crazy, unpress da unprecedented and crazy. >> i think they're unable to stop anythi

brown marshall from the john jay college of criminal justice and. and that was a day as ever the conversation continues on martin funny on twitter at steve w. news of a good day. coming . up from. going. into the conflict zone with tim sebastian. china is roiling the west and europe for along with the u.s. and many countries fist pushing back hard cash issue a growing list of human rights concerns including home homes new security law my guest this week from beijing is one cool yallop wise whose country picking so many fights news days aware of a new movie conflicts are. next on t.w. . org. stay up to date don't miss our highlights. program on line d.w. dot com highlights. of the more. current. the pros are all for losing money. long smaller. using. known love. for her. doesn't. mean the. can't. use. while hoping that to try to fight it's one country one system now isn't it and it was a cover up that no the right are right it's also spoke up goes right through my system doesn't it china is roiling the west and europe along with the us in many countr