de esto nos reporta janet rodrÍguez.oronavirus podrÍan mezclarse. los estadounidenses no se verÍan obligados a ponerse el mismo refuerzo de la misma marca original. aunque el enfoque serÁ en los vacunados con johnson& johnson. varios estudios clÍnicos obtuvieron mejores resultados al realizar el refuerzo con pfizer o moderna. >> cuando recibieron una dosis de pfizer el aumento fue de 35% en cuanto a los anticuerpos. janet: al momento sÓlo estÁ autorizada la dosis de refuerzo de pfizer. moderna y johnson y johnson esperan por la aprobaciÓn. sÓlo 15% de personas mayores de 65 aÑos lo han hecho. josÉ orellana ha decidido esperar, porque tuvo una mala experiencia con la primera dosis. >> tenÍa fiebre, dolor en los huesos. janet: las reacciones adversas son comunes, dicen los mÉdicos. lo que tambiÉn preocupa es que despuÉs del semanas de disminuciÓn los nuevos casos de covid—19 empiecen a aumentar, especialmente en el norte del paÍs, donde las temperaturas estÁn bajando y hay mÁs actividad al interior. jorge: a partir de esta

janet: de momento no, sÓlo han entregado sus investigaciones al gobierno federal.xas, exige a sus empleados que se vacunen contra el covid—19. ilia: la agencia antidrogas de los estados unidos y identificÓ a mike, como el agente que falleciÓ en un tiroteo en arizona. pedro con los detalles de la investigaciÓn. pedro: la estaciÓn de trenes en tucson, arizona, sigue fuera de servicio. las imÁgenes de terror donde hubo balazos, gente corriendo y policÍas con sus armas aÚn permanecen vivas en la comunidad. la ada confirmÓ que en el enfrentamiento perdieron a uno de los suyos. aparte de la gente acribillado, otro mÁs fue severamente herido, ademÁs de una oficial de tucson. los hechos ocurrieron ayer por la maÑana en un vagÓn de este tren, que viajaba de los Ángeles a nueva orleans. los agentes sÓlo hacÍan una revisiÓn de rutina, dijo el jefe de la policÍa de esta ciudad. ellos buscaban armas ilegales, dinero o drogas, es algo que hacen rutinariamente en todos los trenes del paÍs. arrestaron a uno de los individuos y cuando detenÍan al otro, sacÓ una pistola y abriÓ fueg

here is janet yellen. tt potential for catastrophe. here is janet yellen.— is janet yellen. does not — is janet yellen. if congress does not take _ is janet yellen. if congress does not take action - is janet yellen. if congress does not take action to - is janet yellen. if congress i does not take action to raise the debt limit, treasury's cash balance will reach an insufficient level to pay the nation's bills and america would default for the first time in history.— would default for the first time in histo . , ., , time in history. the democrats don't have _ time in history. the democrats don't have the _ time in history. the democrats don't have the necessary - don't have the necessary numbers in the senate to force the boat through unless they risk the republicans filibustering or vote to change the way the senate is run. so far it seems the republicans are not backing down. we've been down _ are not backing down. we've been down this _ are not backing down. we've been down this path - are not backing down. we've been down this path before l are not backing down. we've

janet: good morning, thank you for having me. think it does raise concern over the sector come about the tech sector is one of the better sectors to be positioned with this high inflation pressure. investors are right to be worried about inflation, but there are increasing signs this could last longer than what transitory means. there is a supply chain issue, if you look at the demand side of things, it remains strong. looking across surveys and data, there is -- the container ships are stuck somewhere. we believe this advertising problem these tech giants are facing is likely to be temporary once the supply chain concerns gradually dissipate. that could be an overreaction from investors in terms of the share price reaction. dani: i want to bring you lines breaking now across the terminal. renault seeing a 2021 production loss of 500,000 vehicles, citing the losses due to the lack of components for the third quarter around 70,000 units. this idea of reduced visibility. you say this might be a temporary thing, but when you look at

janet nos dice como funcionaria.su billetera digital. >> es una tecnologÍa extremadamente positiva en el sentido de facilitar que el individuo pueda ser identificado cuando actÚe en lÍnea. janet: ocho estados, incluyendo arizona y maryland estÁn trabajando para implementar la inteligencia digital. marlo sÁnchez pudo agregar la inteligencia digital a su telÉfono. >> es mÁs fÁcil que se me olvide la billetera y no el celular. janet: la administraciÓn federal permite que ciertos aeropuertos acepten las licencias digitales en puntos de chequeo. la meta es que no le hagan sacar la billetera, ni un plÁstico para identificarse. gerardo sÁnchez no estÁ convencido, y sÉ que la seguridad le preocupa mÁs que la conveniencia. >> para presentar a la policÍa es excelente. ¿pero dÓnde va a parar esta informaciÓn despuÉs? >> estÁn correctos al tener esa preocupaciÓn, pero hay toda una serie de nueva tecnologÍa que permite que el individuo controle esa informaciÓn, que la informaciÓn sea inmutable, es decir que nadie puede copiarla s

economic agenda back home remains in limbo already in rome and moments away, a live interview with janet yellen, her take on the agenda, inflation, the supply chain and more >>> a pair of misses from amazon and apple as they look to wipe off a combined $200 million in market value at the open. >>> as natural gas looks to add to stellar gains for 2021, we speak with one major player in the space as he shares his outlook for the winter and beyond >>> and boosting fortunes for one lucky stock. it's friday, october 29th, 2021, you're watching "worldwide exchange" on cnbc. >>> good morning i'm courtney reagan for brian sullivan. our sarah eisen set to speak with treasury secretary janet yellen but first a quick check on the markets. the u.s. stock futures this morning the dow jones indicated lower by 50 points, the nasdaq down by 128 points this morning after we got the disappointing earnings reports from apple and amazon the s&p andnasdaq did close at all-time highs outside of stocks crypto popping once again, this time it's ether hitting a record high, it's up 55% in october if you look rig

in janet yellen �*s on—the—job. she janet yellen 's on-the-�*ob.e-�*ob. she is indeed. it i janet yellen 's on-the-�*ob. she is indeed. it willh janet yellen 's on-the-�*ob. she is indeed. it will be _ is indeed. it will be interesting to put a cost of the americans because most of their focus is domestic, the americans because most of theirfocus is domestic, not international. this is a very important thing indeed. it's giving up of potential revenue. island with 30% corporation tax is willing to god. people can go into that position they probably can, they built up an awful lot of credibility.- awful lot of credibility. there are a lot of _ awful lot of credibility. there are a lot of questions - awful lot of credibility. there are a lot of questions about. awful lot of credibility. there l are a lot of questions about to what extent the tax will be raked in, because of this issue. if you look at amazon and some of those companies, who make huge amount of companies. it's below 10%. when ou companies. it's below 10%. when you separated — companies

for we brought back people in january from janet, i was. . ._ from janet, i was... of— from janet, i was... for months, teams of mps — from janet, i was... for months, teams of mps have _ from janet, i was... for months, teams of mps have been - from janet, i was... for months, teams of mps have been taking i teams of mps have been taking evidence on the handling of the pandemic in england from people involved in key decisions at the time. now, in thisjoint report, they criticised that early response, instead of looking down quickly like some other countries, they say the government's of scientific advisers felt there was no choice but to bring in social distancing rules gradually, letting sporting events go ahead and keeping borders open, and they say ministers did not do enough to challenge that advice. what we conclude in this report is that the national response to covid was a bit like a football game with two very different hearts, and in the first half, we had some serious errors, we could have avoided a lockdown, but we then got into a position where we had t

there was a photo of janet wearing it. >> jimmy: so janet -- a personal janet sweatshirt?well, didn't stay up. i would come out in the morning and she would be online on this auction, looking. >> jimmy: checking the bids? >> checking the bids, drinking coffee, scrolling through. there was a live auctioneer. and it was -- like day three -- it was a long auction. and the sweatshirt finally came up. and i knew it was a big deal. i sat down next to her, we watched the bids come in. and it was like $300, $400. the auction had originally said it was a $300 is the guess it was going to go for. ended up going for $4,000. watched the bids roll in. and she was devastated. >> jimmy: she didn't win it. >> no, she didn't win. and i think she was surprised by how upset she got over this sweatshirt. [ laughter ] i think it was something like -- >> jimmy: i think we all are. >> yeah. [ laughter ] i think i can speak for all of us when i say, yeah. and she was -- she was really upset. i think it was the trauma of the last year just got channeled into losing this sweatshirt. [ laughter ] an

janet, vince's surrogate mother got a call from jessie's mom. >> and she said, janet, there's been an accident, vince has been shot. and i was devastated. i was like, what? what do you mean he's been shot? >> vince cousin tim immediately left his home in virginia and travel to kentucky, still in disbelief. >> how can you survive two times in afghanistan come home to be shot by some worthless thug? that didn't even know him. >> you must have felt horrible for jessie and for the kids? >> absolutely. i must of call directly 50 times. i was trying to figure out what was going on and be there for her and the kids. >> by now, jessie had left the christian county sheriff's department and headed home. >> she's picked up by a friend. >> the day after the murder local police and agents from campbell were canvassing the goslyn neighborhood. this was an army investigators and local investigators? >> it is. >> they knocked on the door of william ray, the couple who lived next to the gaza lens. goslyn what they had to say was so compelling that they asked them to come in for an interview >> you sai

kathleen: we can be sure it is janet yellen. big week for tech earnings. there is still a sense that in a world of uncertainty, what will happen with inflation? what will happen with value versus momentum? it is a good time to be in the biggest tech names. facebook, amazon, alphabet, microsoft, all reporting this week. the question now is will investors be satisfied and by these stocks? the nasdaq is off a 2% record high. many people are saying that they are getting nervous about how expensive these stocks are. a big test when these earnings start pouring out. haidi: we know they got the virus under control in china but they are worrying that this resurgence of the delta variant, the outbreak we are seeing at the moment there with 26 new daily cases being reported, it has come from overseas. it spread to 11 provinces. we will have to keep an eye on that with pertaining to already the weak spots we are seeing in chinese growth. kathleen: with all of that and more topping the agenda, jampacked week for investors. let us bring in our editors. more policy spea

janet: el nÚmero de inmigrantes ha alcanzado el nivel mÁs alto en 35 aÑos.a detuvo a casi 2 millones de inmigrantes. la llegada de miles de haitianos a la frontera agravÓ la situaciÓn el mes pasado. >> tenemos una situaciÓn muy severa. el covid—19 lo hizo hasta mÁs peor. janet: el alza en la cantidad de inmigrantes detenidos coincidiÓ con la llegada del presidente biden a la casa blanca. las cifras seÑalan que el mayor nÚmero de detenidos se dieron en junio y agosto. >> hay miles mÁs que no estÁn procesadas. janet: los nÚmeros de detenciones son muy altos y claramente tenemos un sistema quebrantado, dijo ante un comitÉ del senado. un mismo migrante puede cruzar en mÚltiples ocasiones y cada detenciÓn puede contar por separado, lo que infla las cifras. la vicepresidenta, kamala harris, asumiÓ la Área para hacer frente al flujo gobierno esta deportando a muchos de los migrantes a los que detiene en la frontera, alegando que representan un riesgo sanitario por la pandemia.... aun asi, el cruce de migrantes procedentes de distintos paises no cesa, como nos muest

still team janet in the inflation battle in that sense >> well, not just team janet back at the fed.be the best thing that could ever happen in my book, that would be the biggest confidence boost for me to have. >> very interesting. david, appreciate your perspective. thank you for your time today. >> take care >> david zervos of jeffries. >>> looking at the war on retail and how lionne brands are making what's old new again stay with us gold. your strategic advantage. this is the kind of card that has america talking. with it, people with medicare are getting all in one coverage for their doctor visits, hospital care, prescription drugs, and more. this kind of insurance, called medicare part c, may also cover dental care, eyeglasses, hearing aids, fitness programs, vitamins, even healthy meals and rides to the doctor. with this kind of coverage, you do not need a medicare supplement insurance plan. you will access your benefits through your medicare part c plan for one low and oftentimes $0 monthly plan premium. you deserve to get the most from your medicare benefits. call now for f

treasury and janet yellen. because of the stakes and the possibility of a default of the world's largest economy, it has been the purview of the federal reserve to offer commentary on what the stakes might be to the economy if that happened so i think you hear commentary from jay powell, not so long ago, saying congress should act to address the debt ceiling and make sure the united states can pay its bills to stop there -- offer their recommendation on how to do that, saying they should raise the debt ceiling which i think is something we saw at the roundtable with the white house is a prevailing view among the wall street and the economist community. pedro: he is a reporter for finance -- yahoo! finance. if you want to ask him questions, you are invited to call (202) 748-8001 for republicans, (202) 748-8000 for democrats, and (202) 748-8002 for independents. you report on matters of the economy. what are those leaders in washington and wall street or otherwise looking at as far as decisions made here and how

janet rodrÍguez nos informa.tados unidos no aplicarÁn a menores, ni extranjeros con paÍses de baja tasa de vacunaciÓn, anunciÓ la casa blanca. a partir del 8 de noviembre la mayorÍa de turistas que quieran entrar por aire o tierra tendrÁn que estar completamente vacunados. los estados unidos aceptarÁn todas las vacunas aprobadas por la fda y la oms. aceptarÁ viajeros que hayan recibido vacunas de diferentes dosis aprobadas. >> se permiten esas personas con esa combinaciÓn de vacunas, siempre y cuando estÉn completamente vacunados. locutora: quedan exentos aquellos que no se pueden vacunar por razones mÉdicas no religiosas, pero tendrÁn que mostrar una prueba negativa de covid—19 24 horas antes de ingresar a los estados unidos. >> me gustaran las regulaciones que se pongan mÁs estrictos. locutora: las aerolÍneas tendrÁn la responsabilidad de comprobar la informaciÓn antes de permitir el abordaje a un aviÓn por el cruce legal fronterizo. >> la vacuna ayuda, pero no evita que te podrÁs enfermar. locutora: y los cdc

joining us right now an exclusive interview is secretary janet yellen mrs. >> thank you for having me. >> it's great to see you help us understand the state of play as you see it, you have warned congress they have until okay 18th to raise or suspend the debt limit to avoid what would be the first ever u.s. default. of course, the u.s. now has a 28.4 trillion dollars in debt. the votes don't appear to be there. how do you see it? >> well, you know, it's really up to speaker pelosi and leader schumer to figure out how to get this done in congress. what i can tell you is that it's essential that this be done. i've said that by the 8th of october, we will be out of extraordinary measures, have limited cash and likely to exhaust it very quickly. and so i do regard october 18th as a deadline. it would be catastrophic to not pay the government's bills for us to be in a position where we lack the resources to pay the government's bills it really 81 mines confidence in the full faith and credit of the united states, our willingness to stand behind her and make sure

treasury secretary janet yellen is standing by live.e will discuss this and more right after a quick break. with mucinex all-in-one you've got unbeatable relief from your worst cold and flu symptoms. so when you need to show your cold who's boss, grab mucinex all-in-one... and get back to your rhythm. feel the power. beat the symptoms fast. president biden arrived here in rome without a final deal on his key social and climate package. that's despite the fact that he personally made the case to house democrats on thursday to get this done. and despite making it clear he would have liked to have had the deal in hand before the un climate summit in glasgow, that clearly did not happen, at least not yet. for more, i'm joined now by the u.s. treasury secretary janet yellen. madam secretary, thank you for joining us. i know you're here in rome for the start of the president's g20 meetings, but he arrived without a deal. the house speaker nancy pelosi urged her fellow democrats not to, in her words, embarrass the president out of this trip. i

janet: en 2003 powell tuvo lo que siempre considerÓ fue el peor tropiezo de su carrera. unidas la invasiÓn de irak, asegurando fÁcilmente que saddam hussein tenÍa armas de destrucciÓn masiva. en una entrevista en 2012 le dijo a jorge ramos que en el momento del discurso Él no sabÍa que la informaciÓn era loroÑa. —— err en aÑos recientes el conservador respaldÓ las contienda polÍticas de barack obama y joe biden. el presidente biden lo describiÓ como un gran amigo y patriota. fue fuerte crÍtico del presidente donald trump y tras la reintroducciÓn del seis de nerÓn el capitolio anunciÓ que el partido republicano ya no era su casa polÍtica. ilia: jenner, el general powell tenÍa dos condiciones preexistentes, cÁncer y parkinson, habÍa recibido su vacuna, las dos dosis. se contagiÓ de covid—19. quÉ estÁn diciendo los mÉdicos sobre la vacuna en este caso? janet: los mÉdicos dicen que este es un caso poco comÚn, que la vacuna sigue siendo la mejor protecciÓn en contra de coronavirus y que para personas con sistemas inmunolÓgicos e debilitados, como era el caso del general powel

janet rodrÍguez estÁ en washington.e este plan de infraestructura no tiene que pasar ni en seis horas, y en seis semanas, la idea es lograr una victoria para los demÓcratas y para la casa blanca. la lÍder demÓcrata habÍa prometido un voto sobre esta legislaciÓn para el lunes, lo pospuso para el jueves y hoy viernes tampoco tiene los votos. los miembros quieren que se vote sobre otro proyecto de ley multimillonario y dicen que hasta que no se tenga garantÍa de que se vote para ese proyecto, ellos no votarÁn por el proyecto de infraestructura. jorge: que complicada esta la cosa. confiscan un lote de contrabando de fentanilo en mÉxico. ilia: veremos como opera el primer dron oceÁnico. jorge: estÁ con su madre en honduras el niÑo encontrado solo y desnudo en la frontera con mÉxico. volvemos. ♪y esta va para jessica de parte de sus amigos.♪ ♪jess, ¡te desean mucha suerte en tu entrevista!♪ ♪ heyyyy! you got this, jess!♪ ♪ whoo! go, jess!!♪ ♪ la confianza te queda muy bien.♪ toyota. vayamos juntos. autoridades estadouniden jo

janet yellen expects the treasury to exhaust all of the treasury's extraordinary measures. so far janet yellen is the only one in washington who has taken extraordinary measures to avoid the first default on america's debt in history. mitch mcconnell has taken the distressingly ordinary measure of imposing an increase in the debt limit and at the same time he has taken the measure of a 60-vote threshold to raise the debt ceiling. mitch mcconnell has given no reason he's asking every republican senator to vote against allowing the democrats to have a simple majority vote on increasing the debt limit. "the new york times" reports today senator blunt said 40 or 45 republicans would be willing to agree to allow a debt ceiling increase to come to a vote as long as they did not have to cast a public ballot. in other words, 45 republican senators would be happy to allow the debt ceiling increase to come to a vote if they weren't senators. senators have to vote publicly. that's the job. that is the thing that senator roy blunt is saying republican senators do not want to do. they d

treasury secretary janet yellen is already taking extraordinary measures, to try to delay the day and the hour, which the government of the u.s. will default on its debt. those extraordinary measures, include, suspending investments in certain federal workers pension funds, among other things. the exact day on which we will hit the debt limit, is unknown, because it literally depends, among other things, on exactly how much money, the federal government collects, each day, the daily cash flow, into the united states treasury, which is mostly tax revenue, fluctuates between, 50 billion dollars a day, and over 300 billion dollars a day. so, if janet yellen has a string of 300 billion dollar days, in the treasury, then, we might hit the debt limit on october 25th. instead of october 18th. and janet yellin as a string of 50 billion dollar days of the treasury, then we could hit the debt ceiling sooner than october 18th, which is currently the treasury secretary's target date. for when she expects, the united states of america, two for the first time minutes history, default on its debt. o

norah. >> o'donnell: janet shamlian, thank you.ow to a serious lead water crisis in benton harbor, michigan. that's a predominantly black city throw hours from flint. people are under order not to use the tap water because of high levels of lead from old pipes. and as cbs' omar villafranca reports city officials have known about the problem for years. >> reporter: the city of benton harbor gets its water from nearby lake michigan, but residents like francis davis say what comes up on the of the faucet is not safe to use. what water do you use to cook? >> the bottled water. >> reporter: to brush your teeth? >> bottled water. orter: leawase.>> boter. detectn the drinking watery's water system has failed six lead tests over the last three years. last month, concerned residents and activists petitioned the e.p.a. for help. in response, the state started distributing free bottled water to the city's nearly 10,000 residents. >> there's no urgency with the federal government. there's no urgency with the state government. and there's no ur

janet shamlian, thank you. and to haiti now. tonight, the white house says it won't comply with the multi-million-dollar demands of the kidnappers who are holding 17 christian missionaries hostage in haiti. efforts to get them released are continuing on the ground in haiti while prayers are being offered back here at home. cbs' manuel bojorquez reports from port-au-prince. >> reporter: police at this checkpoint today inspected vehicles headed towards the gang-held territory. cbs news has learned the00 takers' initial demand is $1 million for each of the 17 missionary hostages. christian aid ministries in ohio released a statement about the victims. the adults range in age from 18 to 48. the five children, from 15 years to just eight months old. we went to a government ministry in port-au-prince today, but officials would not comment, citing the sensitive name of negotiations with the notorious 400 mawozo gang, which is accused of kidnapping the 16 americans and one canadian saturday after the missionaries visited an orphanage ne

so, if you own something that has become more valuable over time, including your house, janet yellenieves you should be taxed on the rise in value. she said it again this week in capitol hill when she proposed taxing the unrealized gains of inherited assets. that would include real estate. what would that mean? that would mean millions of americans would owe taxes, they would be forced to pay money they don't have. >> do you support eliminating stepped up basis for estate beneficiaries. and if you do, why? >> i do support eliminating stepped up basis. the reason is that a very large share of the income of wealthy individuals is simply never taxed. individuals hold on to these assets during their lifetime. that income is never taxed. and we know for some of the wealthiest individuals in the country, they pay very low taxes overall because most of their income takes the form of unrealized capital gains. >> tucker: to be clear, janet yellen is one of the wealthiest americans. she made millions and millions and millions in payoffs from the banks after leaving the federal reserve. okay. s

>> janet shamlian, thank you. and there is still much more news ahead.biden administration says the supreme court and asks them to block that strict texas abortion law. abortion law. >>> plus, an updat ♪♪ you pour your heart into everything you do, which is a lot. so take care of that heart with lipton. because sippin' on unsweetened lipton can help support a healthy heart. lipton. stop chuggin'. start sippin'. i just heard something amazing! now for the first time one medication was approved to treat and prevent migraines. don't take if allergic to nurtec. the most common side effects were nausea, stomach pain, and indigestion. ask your doctor about nurtec today. instantly clear everyday congestion with vicks sinex saline. for fast drug free relief vicks sinex. instantly clear everyday congestion. and try vicks sinex children's saline. safe and gentle relief for children's noses. ♪ when you have nausea, ♪ ♪ heartburn, ingestion, upset stomach... ♪ ♪ diarrheaaaa. ♪ pepto bismol coats your stomach with fast and soothing relief. and try new drug free pepto

vamos a conectarnos con janet en vivo. janet: aquÍ estamos viviendo una espera infinita.pero necesitan mÁs tiempo para seguir negociando. aquÍ en washington, la lÍder nancy pelosi quiere que se botÉ inmediatamente sobre Éste plan de infraestructura.ella puso el voto para el lunes. ayer no se llegÓ a ningÚn acuerdo porque hay demÓcratas progresistas que dicen que no van a votar hasta que no le prometen una votaciÓn favorable sobre otro proyecto de miles de millones de dÓlares para la economÍa de estados unidos. carolina: se acercan las fechas decembrina y enviar paquetes por correo te costarÁ mucho menos. que contamos lo que debes de saber borja: tÚ sÓlo te puede cambiar maÑana.tiene el 10 acumulado mÁs grande de su historia, te contamos a cuÁntos juega petco. salud + bienstar para tus mascotas. petco. cuando nuestra hija y nietos se mudaron con nosotros el detergente barato no pudo con las manchas. tiene mucha agua. así que volvimos a tide. una lavada y se fueron las manchas. qué? tu no te ibas a dormir? no pagues por agua. paga por poder de limpieza. elije un desayuno co

larry summers hitting out at janet yellen over twitter.ay experience in terms of inflation has widened in recent months. until the fed and treasury recognize the inflation reality, they are unlikely to deal with it correctly. he called it disturbing expectations data. does the treasury need to take more notes in terms of what the earnings calls are telling them. this is already priced into the market. perhaps this is the piece for some of these reads and it might be time to take profits as yield curves flatten. let's check in on these markets after we saw the u.s. hit a new record yesterday. we are looking at the s&p 500 up another quarter of a percent. perhaps some of the euphoria can continue here. still the euphoria in techs is ongoing. up half a percent. that was by some of the regulatory concerns over facebook. the earnings have everyone excited. we're looking at high numbers on the 10-year yield. let's goforth to first word news. >> the u.n. is warning the world is heading for catastrophic levels of global warming after national clim

lisa: even janet yellen said maybe there are couple of days with wiggle room. it is october 28. we did learn something. we learned the progressives have conceded. three point 5 trillion is not going to be 3.5 trillion. jonathan: something between 1.5 and 3.5. your equity market's down 16 on the s&p. tom: vix 23. jonathan: this is bloomberg. ♪ ♪ the comfortable way to work out. -that looks fun actually. -it looks fun? it looks comfortable and fun. it looks like something i would put by the pool -or something. -looks like a paisley. -hey, a paisley, we'll take it. -yeah. oh my god, i could do this and watch tv at the same time. -exactly! how do you feel? -it feels good. feel my heart racing a little bit, ya know, gotta catch my breath a little bit, but it's good. oh yeah, i can definitely feel it. fantastic. oh yeah, i can do this. this is easy. yeah, that feels great and definitely better than the floor. treadmills, you've seen the bikes with clothes hanging on them, but people don't use it. what's the point? the aerotrainer, people want to use it. -wow, this is

exactly, and it could go on well into october, october 18th is the date that janet yellen has set aside. but economists say things could change and they could stretch out maybe to the 20th 21st, but that doesn't take away the fact that there is a problem here. essentially the us spends a lot more than it brings in, and it has a debt limit, but it gets to set its own debt. lemme, it's like you are i being able to set the limit on the credit card. and so congress has got to go and decide what limit it wants or whether it wants to remove this debt limit entirely so that it doesn't keep running into this problem. no, the republicans don't want to help the democrats. they say it's because the democrats can do this on their own. they control the house, the senate, and the white house. but there's also a political aspect to this. there's a surprise. they want to be able to go into the 2020 to mid term elections and say, look, the democrats just increased the country's debt limit again to pay for their radical leftist policies. that is what they will see to people to try and win back the house,

janet yellen over the weekend, what she said was parlay bid larry summers pushing back on janet yellen saying inflation is more of a concern. just edging a little higher. the futures in terms of the nasdaq complex. gaining .5%. we also have alphabet, amazon, microsoft as well. let's get the bloomberg business flash with laura wright. >> barely four months out of bankruptcy has placed an order for tesla cars. tesla soared. hertz said the model three will be delivered to the u.s. and parts of europe. a study found bitcoin's ownership is still concentrate traited in just a few hands. the top 10,000 individual investors control about 1/3 of the crypto currency in circulation. the biggest 10% of miners control the mining capacity. the u.s. lender said it will continue to provide services for exesing contracts. citi is refocusing its asia presence on singapore, hong kong, the u.a.e. and london. facebook shares gained in late trading. in the earnings, mark zuckerberg called negative pres around facebook a coordinated effort to paint a false picture about the economy. i spoke to one investor a

so janet yellen is dead wrong with.ast thing you want to do when we're facing inflation ask every american family feels it is to, essentially, spend trillions is and trillions of dollars, again, that we don't have that our next generations are going to have to pay the bill for. larry: you know it's the also interesting to me, elise, in this bill or this framework or whatever it is the you've got spending on programs for, let's say, one, two or three years. but you have permanent ten the-year tax hikes -- ten-year tax hikes, okay? so temporary spending but permanent tax hikes. now, i say that kind of lets the cat out of the bag, right? because, in fact, we're going to have permanent spending hikes and tax hikes, but they're not even going to equal each other, are they? >> that's exactly right, larry. that's why i said they're cooking the books. they're trying to make it seem that this bill is less costly. but you're right, every intention is to raise a taxes, and my home state is new york. new yorkers will face tax rates

you saw janet yellen there. the administration doesn't want to come in and say, here's our best plan, take this. >> no, biden is leaving all options open in a number of different fronts and he's an institutionalist. he does not want to blow up what we have seen happen in congress for many, many decades. i understand that. the challenge for them is going to be is this a really different moment as a number of democrats believe that it is. is this an extraordinary time as democrats candidly have said over and over again for the last five years. wat we heard throughout the trump era was this is an extraordinary time, this is a reason for extraordinary measures. biden himself talked about that to some extent. he also offered olive branches to republicans, but i do think that there is a meet between what democrats have been saying and the realities of this moment. we're going to have to see where that goes. >> i want to take that to you, donna brazile. maybe i'm a creature of my own time, 1990s, but $2 trillion would

janet yellen also in rome for that summit. i spoke with her earlier today from rome about whether the president's new framework would gain enough support. whether she was disappointed that he was coming to g-20 and then cop-26 empty handed >> well, i believe that pretty soon hopefully next week, congress will pass both the reconciliation or build back better bill, and also the infrastructure package there seems to be strong support for it in both houses of congress, as i say, it's transformational and i believe these will become law, and they contain so many programs that will be so important for the american people two additional years of early childhood education that will be universal. remarkable support that will make child care affordable, help women participate in the labor market historic investments in health care for seniors for the elderly, for those who were disabled support that will make health care affordable, and, of course, an historic investment in climate change which is really an existential threat. and the

and then see janet on the weekends.s, north dakota. it looks like he must have come home from work. he has his suit on and is just sitting down on kitchen floor, just right where he was, and playing with his little girl and his dog. this is one where bob would have come home. he's got a name tag on. his face would just light up when he would see her. he looked good, wore suits, loved his child, loved dogs, just all overall things that you think would be great characteristics to have in somebody. >> he becomes a family man, has a daughter. >> he has a child. >> at that point do you think he may well live out the rest of his life never having to pay for this? >> i think i began to feel even in vegas that that was the life we were going to have to live. >> after he left las vegas and moved to north dakota, i am confident that he thought the ball game was over. that he's never going to have to deal with this again. >> and then one day, something really strange happens while you're at work. >> i had a strong, loud knock on i

janet woodcock currently is the acting leader of the food and drug administration.ntly fill the role despite support from some of the country's leading health officials. >> she's an experienced hand. that's exactly what you wanted. >> reporter: once considered a top contender, sources say she's no longer in the running due to pushback even from some democrats over her role in the opioid epidemic. >> dr. woodcock presided over the division that approves new drugs and regulates the way in which they are promoted. not only did the fda fail to properly enforce the law when oxycontin was skintroduced, it actually made it easier for drug companies to get opioids onto the market. and as all of these decisions were being made, the person in charge of this division of fda was dr. janet woodcock. >> reporter: among her biggest critics, democratic senators from states hit hard by the opioid epidemic, including maggie hassen, ed markey of massachusetts and joe manchin of west virginia. making the likelihood of her confirmation in a narrowly divided senate virtually impossible.

yellen janet yellen says it is all under control. >> i think he is wrong.on't think we're about to lose control of inflation. i agree of course we are going through a period of inflation that's higher than americans have seen in a long time and it's something that obviously a concern and worrying them but we haven't lost control. reporter: summers today is doubling down on his warnings, tweeting his rebuttal to yellen saying this, quote i believe the gap between treasury and fed statements and the everyday experience of businesses and consumers in terms of inflation has widened in recent months. until the fed and treasury fully recognize the inflation reality they are unlikely to deal with it success fully. as concerns about rising inflation rise there are questions about potentially trillions of new government spending in president biden's social plan. if the white house is worried they are not talking about it during negotiations for congressional democrats congresswoman debbie dingell says inplays has not been a part of the conversation. liz. elizabeth:

he moves with his new wife, janet, to minot, north dakota where they both work at trinity medical center in november of '98 janet and bob had a baby daughter. >> after he left las vegas and moved to north dakota, i'm confident he thought he's never going to have to deal with this ever again. >> while bob was building a new life in the dakotas, back in new york there was somebody who couldn't forget the disappearance of gail. that guy was andy rosenzweig, the chief investigator of the manhattan district attorney's office. >> reporter: the d.a.'s office has just created a cold case unit. rosen zweig assigned steve saracco and dan bibb to the bierenbaum case. >> the first thing that stood out to me when i reviewed the file were the flight records. there's the explanation why gail is not around anymore. >> that coupled with his visits to his psychiatrist dr. michael stone. i called stone, cold-called him, and he said of course he killed her, dr. bierenbaum's a dangerous psychopath, this case has been burning on my brain. >> reporter: in the summer of 1998 gail's body was exhumed, but the dna

let's see yours, janet yellen. publish all your transactions over $600 so we can snoop around where you spend your money and your receipts, and then we'll learn she's got all these corrupt payments from wall street and big tech -- kennedy: of course she does. >> the whole thing -- kennedy: yeah. how does she go from running the fed to being treasury secretary? yes, go ahead. >> what i want to say is that you -- this is what happens when you give them too much power. so we've seen this with the pandemic, and they start interfering with our, you know, they want your health records, they want a vaccine passport. you cannot give them this kind of freedom to just trample over our freedoms and our privacy because they're just going to run away with it. that's why we've got to stand up to them every time these bureaucrats come at us with this kind of assault on our liberty and privacy. kennedy: absolutely right. and you pointed out, you know, they use the mentality if you haven't done anything wrong, you have nothing to f

. >> why does janet yellen have her job? biden's people were wrong, the installation they saw that was transitory wasn't and year every year price inflation in september was the highest it has been since january 1991, graduated law school in 1991 long time ago. gas is up 42%. don't you wish you kept the old clunker, used car prices jumped 24%. the prediction from biden's own team is heating bills would rise 54% this winter, the answer to double down on climate change programs, government spending that will only drive these prices higher and even if your grandmother risks dying of hypothermia, this is no time to be shortsighted. >> we need to take a longer view and investing greater resilience to expand the shocks we see over and over year in and year out whether it is the pandemic, extreme weather, climate change, also means companies throughout the supply chain and trucking companies reduce carbon emissions and help to meet our climate change goals. laura: if they pass the spendohrom a they will produce green products in ch

janet yellen took a hard stance.ants to get rid of the debt ceiling and she was talking about the catastrophic consequences for the u.s. dollar and the preeminent see of the economy should the u.s. default. is this a realistic supposition? annmarie: it is not realistic in the short term. we are facing that x date of october 18, morgan stanley says maybe october 28, but there has been real talk and this is bipartisan. when either party is in control, none of them want to deal with the debt ceiling, so there has been talk of minting the coin, but this is a long discussion. maybe just give the power to the treasury to lift the debt ceiling when they come up to these points when there is a default on the u.s. debt. lisa: there is an increasing pull is asian -- politicize asian of the fed. joe manchin would like to see the federal reserve taper its monthly bond purchases before voting on additional spending. how commonplace is that sort of idea among other members of senate and congress? annmarie: have not hurt anyone els

>> janet shamlian, thank you. >>> we want to turn now to a serious lead water crisis in benton harbor, michigan. that's a predominantly black city three hours from flint. people are under orders not to use the tap water because of high levels of lead from old pipes. and the cbs' omar villafranca reports, city officials have known about the problem for years. >> reporter: the city of benton harbor gets its water from nearby lake michigan. but residents like francis davis say what comes out of the faucet is not safe to use. what water do you use to cook? >> the bottled water. >> reporter: to brush your teeth? >> bottled water. >> reporter: bathe? >> bottled water. >> reporter: in 2018, lead was detected in the drinking water in some homes due to older lead pipes. state officials say the city's water system has failed six lead tests over the last three years. last month concerned residents and activists petitioned the epa for help. in response, the state started distributing free bottled water to the city's nearly 10,000 residents. >> there is no urgency with the federal government. ther

so when his wife janet dares you. >> one, two, three!nt of the great one to race him down their water slide, you really can't say no. like his backyard hockey rink, sport for wayne gretzky is fun first. he is still part kid, >>> how much would you bid for a fossilized skeleton of a giant dinosaur? perhaps a bigger question is what would you do with it if you won it at auction? ian lee has the story from lndon. >> reporter: they call him big john, and it's easy to see why. he's the world's largest triceratops skeleton. >> the history behind this and the curation of it is absolutely impressive. >> reporter: big john went for some big bucks at an auction in paris on thursday. $7.7 million, five times the expected price. >> this is unbelievable record. >> reporter: paleontologists dug him up back in 2014. the mammoth dino comes in at 23 feet long, 8-feet high with a massive skull and three-foot horns. big john roamed modern day south dakota more than 66 million years ago. so it might be fitting that he is going home. >> he is being acquired

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as janet shamlian reports, the outbreak of severe weather in the u.s. is not letting up with tornadoes ripping through the south. >> reporter: a trail of destruction in lake charles, louisiana, where a tornado left this neighborhood in tatters. roofs ripped from homes, debris in every direction, and neighbors racing to check on each other. at least one person was hurt. >> oh, my gosh. >> reporter: texas was also in the path. a tornado in the houston area roaring across an interstate, churning up property and taking out power lines. there are reports of multiple twisters across the lone star state. the system raced across the region. residents in east texas posted video of the aftermath. >> this whole neighborhood was affected pretty severely. >> reporter: trees snapped in half, overturned cars, and widespread power outages. more than half a million customers were in the dark across massachusetts, connecticut, and rhode island as a powerful nor'easter intensified into a bomb cyclone, delivering hurricane-force winds early today. >> a transformer blew. >>

david ingles joins us now with janet weighing in.artly saying that it's a matter of perspective that we are not used to seeing higher price pressures. david: it has been a while. the whole transient definition. it's nothing that's permanent. so if you take evolutionary time monday morning that everything is transient. two-year point, markets have really rapidly brought forward other expectations of rate hikes. a chart for you shows three things very quickly. closer to rate hikes by next year. closer to four within the next 24 months. although that white line december of 2023, that suggests we may see the fed go on a bit of a pause, or maybe stick around a little bit from september. it's worth knowing that this is current thinking on current pricing, which changes day-to-day. kathleen: thank you. we will see what our next guest thinks. i would like to thank our bloomberg markets coanchor david ingles. you can catch him in the next couple of hours. photo managers are staring down the prospects in looking at trillions of dollars in loss

on the back of the treasury call between janet yellen and newhart.iwan still in the crosshairs. taiwan sent businessmen to the czech republic to boost ties. this comes as beijing raises the pressure on taipei. let's start with the delegation in prague. the uptick do not look good. how has beijing responded so far? >> it was a group of 60 delegates. this has angered beijing because it demands that countries that have formal diplomatic relations with it don't have ties with taipei. the czech republic does not have diplomatic ties with taipei, but things like this are pushing the red line that agreement. in the meeting doesn't come in isolation. earlier we saw lithuania allow taipei to open an embassy in the capital. and on friday high-level u.s. delegates met by video link with the chinese delegates to talk about taiwan's increased participation in --, something which xi jinping weight clear in a speech yesterday he was not down for. david: let's talk about the accusations from beijing of the taiwanese president about this two-state theory. >> on taiwa

but janet yellen herself is a show for the big banks that have made her personally rich.millions of dollars she's taken away from being banks. this isn't about making sure that hedge funds or jpmorgan pay their fairr share, is it? >> no. but this is biden asking you for $80 billion to weaponize the irs against you to raise an army of bureaucrats and have them invade your privacy to get more control over your life so they can access the details of your bank account. this doesn't sound like healing me.unity to but like you said, i'm not against using the irs to punish enemies, the oligarchs hiding in tax havens in delaware and south dakota, exploiting cheap illegal immigrant labor, we should go out and crush them. but the irs is at least on middle american specifically which tells you who's side is. obama do the same thing. he is the irs to target conservative groups. >> tucker: go ahead, i'm nodding in agreement. >> the funny thing is the irs apologize for that in 2017, but now biden is turning the guns on the little guy and allowing the most powerful to slide. of course h

janet godsell is professor of operations and supply chain strategy at loughborough university.i have chickens myself and i know how much it costs to deal with them, to how them and medical issues, avian flu restrictions and lockdowns as the seat of seasonal migrations, other price of consumer goods too low for the economic systems we have in place?— have in place? food in particular— have in place? food in particular has - have in place? food in i particular has potentially have in place? food in - particular has potentially been too cheap. the way that supply chains are set up, is that we have consumers, retailers, processes and then the actual farmers although the manufacture across those chains and sometimes the retailers cannot control the price in a way or buffer consumers against price increases up the chain but what we're seeing now with an unprecedented in raw material prices and also in the logistics prices is that the ability of manufacturers and retailers to buffer the consumer is coming to an end and some of those price rises will have to be passed on to the consume