janet: no phone call yet. you are staying on for the remainder of the biden administration but president biden announced he is running for 2024. would you consider another four years at treasury? janet: i was thrilled to be asked to serve. i have really enjoyed the position i have. i have a lot of work to do and that is a topic have not yet given any thought to, but i would like to stay until the end of his first term and continue on the important agenda of work that we have at the treasury. annmarie: may be between four and beyond. janet yellen, u.s. treasury secretary. think you so much for your time. we are here at the g7 meeting and it is overshadowing all the work that she and her peers are talking about which is what is emanating out of washington. that is the overhang on the debt ceiling as we are now just three weeks away from as soon as we can hit the x date of june 1. francine: annmarie there with a fantastic interview with janet yellen who says the only good outcome is congress raising the debt ceil

janet had smarts. asia had tenacity, and she had a communication style that one might delicately call direct. our hometown newspaper would later report that she had a salty tongue -- a salty tongue. well, that was putting it mildly. she was a riot. she was a force of nature, and those qualities fueled a meteor rise. by the time i met janet at some parent-teacher function at both of our daughters' school back in 1983, she had already ascended to the top rank of senate staffers and actually left washington to go back home to louisville. as you can imagine, i had to cajole janet into heading up my long-shot first senate campaign. i understand shannon only permitted her mom to take the job and the potential return to washington that winning might entail because janet had assured her it was virtually no chance we'd pull it off. surprisingly we did pull it off. we packed our boxes for washington. i believe shannon at least got a new puppy for a constellation prize. -- janet's know how helped me to hit the gr

janet yellen in japan. let's speak _ were promised. janet yellen in japan.mised. janet yellen in japan. let's speak to michelle | japan. let's speak to michelle fleury in our new york hero. those quotes are pretty astonishing, aren't they? we have been talking all week about this possible 11th hour deal but donald trump says look, it's fine, could be a bad week, a bad day, who knows? i know, then ou week, a bad day, who knows? i know, then you have — week, a bad day, who knows? i know, then you have that _ week, a bad day, who knows? i know, then you have that sharp _ week, a bad day, who knows? i know, then you have that sharp contrast - then you have that sharp contrast with janet yellen they're saying it could spark a global downturn that would set us back much further. you know, itjust illustrates how far apart the two sides are. you have donald trump kind of echoing in some ways the view of many republicans. because remember over the weekend there were more than a0 republicans who said that they would not support any passing of, or raising of the debt l

there is janet. we need to live longer| janet.e need to be active in the way of doing that is to maintain physical activity but also social connection.- physical activity but also social connection. ' ., social connection. the 17 month trial run by _ social connection. the 17 month trial run by the _ social connection. the 17 month trial run by the oxfordshire - trial run by the 0xfordshire innovation hub in an oxford tech start—up has seen a0 people test the kit. it’s tech start-up has seen 40 people test the kit. it's very, very interesting _ people test the kit. it's very, very interesting and - people test the kit. it's very, very interesting and useful . people test the kit. it's very, l very interesting and useful and nice _ very interesting and useful and nice i— very interesting and useful and nice. i enjoyed it. i�*d very interesting and useful and nice. i enjoyed it.— nice. ien'oyed it. i'd say there-s_ nice. ienjoyed it. i'd say there's definitely - nice. ienjoyed it. i'd say there's definitely a - nice. i enjoyed it. i

well done, janet, for takinr together. well done, janet, for taking one _ together.l done, janet, for taking one for the team and - together. well done, janet, for - taking one for the team and hosting that. do events and occasions like this make you miss the uk or make you feel closer to home and away? no, the french are lovely, they are lovely, all our neighbours, every french person we know is lovely. but obviously we do go back to the uk, but it's always nice to come back here. �* , . ., , but it's always nice to come back here. �*, . .,, ., here. it's nice to be at the coronation _ here. it's nice to be at the coronation yesterday - here. it's nice to be at the coronation yesterday as i here. it's nice to be at the i coronation yesterday as well. here. it's nice to be at the - coronation yesterday as well. it was so touching. — coronation yesterday as well. it was so touching. it _ coronation yesterday as well. it was so touching, it was _ coronation yesterday as well. it was so touching, it was really _ coronation yesterday as well. it was so touching, it was r

treasury secretary janet yellen says a u.s. government default would undermine washington's ability to provide international leadership. she called this scenario unthinkable. sec. yellen: a default would produce economic and financial catastrophe. millions of americans could lose their jobs. household incomes would be reduced. american businesses would see caret it -- credit markets deteriorate. millions of families that receive government payments would likely be left without the resources they were promised. tom: and do not miss our exclusive conversation with janet yellen tomorrow morning at 8:30 a.m. u.k. time. u.s. inflation showing signs of cooling in april, opening the door for the fed to pause soon. cpi rose by 4.9% from a year earlier, marking the first sub-5% reading in two years. for the analysis on central banks and how to position, let's bring in vivek paul, senior portfolio strategist at black rock international. let's start with the cpi print out of the u.s. we know the fed is focused, services softer than expect

we start with janet yellen warning of economic chaos should the u.s.t obligations come june 1st. this as congressional leaders meet with president biden tomorrow. >>> amc reached a deal to pay down the debt. the settlement must be approved by the judge with the hearing scheduled in june. >>> and biden administration is looking for airlines to come up with rules to compensate passengers over delays or cancellations. >>> and binance temporarily resumed bitcoin transactions >>> baidu will reveal the first smartphone next week and put a.i. in all products >>> the ceo of five groups are pushing back on the regulations from brussels over the use of personal data. siemens and s.a.p. and others say the data act would force them to give up trade secrets and give an advantage to china we spoke with a company ceo, brainlab, earlier. >> it would achieve a better access to data which is a good idea by having regulation than it would make it difficult to achieve that the idea is right, but overregulation achieves the opposite >> a story to waectch here on "worldwide

. >>> ahead of the meeting, janet yellen is sounding the alarm to the private sector over the debt crisis as she warns of a coming economic catastrophe >>> spikie speaking of crisis, the banking turmoil and how that to fuel a credit crunch. >>> and lucid on life support. sending shares down ahead of the open >>> and sam bankman-fried has a new legal strategy to help him avoid jail time. it is tuesday, may 9th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. a mixed session yesterday and this morning, the declines in the nasdaq in pre-market nasdaq down .50% we are seeing the dow jones industrial average opening up 100 points lower if it opened at this time. that is still early. the s&p is fractionally lower. the bond market is something we are watching as we await the inflation data look at the 10-year treasury at 3.49 we are looking at the 2-year treasury a bit below 4% yield there we have seen bond yields tick up the last week. we are looking at the energy markets. oil back above $70 a barrel wti crude is down

alix: janet yellen also saying that biden team offer to cut deficits.hat areas could we see risks for cuts? katrina: i don't think we can cut out infrastructure spending and i think that is where you're talking about, the green investments that will impact energy stocks. i do not think there is appetite to do that and we have had such an underinvestment in infrastructure for a long time. i think we will need to -- it will be death by a thousand cuts. it will be a little here and a little beer and we will get to those numbers but we don't know when we are going to run out of money. these discussions could continue to elongate. janet yellen is in that position where she needs to create urgency and that is why she has the narrative to looking around -- about running out soon but she doesn't want to create fear about -- by saying we are running out tomorrow. she is doing a great job to create urgency because what we like to see in the market is resolutions. that is what the debt ceiling is representing, that increased uncertainty. alix: katrina dudley come

thank you | janet napolitano forjoining us on janet napolitano forjoining us on bbc news and sharing with us today-— around the world and across the uk. this is bbc news. harriet is about to meet a beauty practitioner, not to enhance her looks, but to repair a botched lip filler procedure done by someone else a few months ago. hi, how are you? you can see how uneven harriet�*s lips were after they were injected by the practitioner. three months on, she still couldn't close her mouth properly. i would definitely call this a botched job. it's definitely the wild west. and it's shocking that as a first world country, this is allowed to happen. 0ne industry body says 82% of its members have treated patients with complications caused by another provider dermal fillers. the biggest issue. the government has rejected a call by mps to bring forward a planned licensing scheme to regulate non—surgical cosmetic procedures. it says it's still working on the scheme, which will make it an offence for anyone to carry out specified non—surgical procedures without a licence. consultation will start i

ok, janet, thank you very much for— industry. 0k, janet, thank you very much forjoining - industry. 0kou very much forjoining us. - the us government is rapidly closing in on a deadline to avoid a default on its government debt. there is a legal limit on how much debt the us government will allow itself to have — that is $31.4 trillion, equivalent to 120% of its gdp. the treasury secretary janet yellen has warned of a potential catastrophe as early as the first day ofjune, and that's just 15 days from now, unless the country allows itself to borrow more to meet its spending commitments. on tuesday, us presidentjoe biden continued negotiations over the nation's debt with republican house speaker kevin mccarthy and other top congressional leaders. here's president biden outlining what he says would be the consequences of a default. our economy would fall into recession. it would devastate retirement, increased borrowing costs, 8 million americans would lose theirjobs and our national reputation would be damaged. it is disappointing that our discussions have not been willing to discuss ra

don't be a deadbeat nation, treasury secretary janet yellen says the u.s.as to raise the debt ceiling as talks and easy gain traction. fed governor michelle bowman says more hikes could be needed and higher rates needed for longer if inflation stays hot. how do you feel about that? we get the latest read on consumer sentiment. welcome to bloomberg markets. guy: there is good news and bad news. it may just be bad news. the headline number dips to 57 point 7%. current condition, 65.5% is a significant drop. expectations, future expectations 53.4%. then we get to the inflation numbers which come in at 4.5%. that's the highest number since 2011. i'm curious as what to the five and 10 year inflation number look like. alix: 3.2%? five-10 year inflation expectations 3.2%. we've been around that three level for a bit but clearly, we are looking at weaker expectations and consistently higher inflation. alix: it's not good you could argue. guy: the long-term expectation is the highest since 2011. these are not our numbers so let's talk to the person whose numbers the

haidi: janet yellen says the u.s.already paying the price for its failure to raise the debt limit as talks between the white house and lawmakers continue. let's get more from jodi schneider who joins us out of washington. even though janet yellen sticking with june 1 as the earliest date on the debt ceiling, what kind of a fresh warning to be here today? >> in that letter that janet yellen wrote to kevin mccarthy kevin she said is this still june 1. we could run out of cash, the ability to maneuver with extraordinary measures we have been using since january. but also, she said a few other things she set a default could come weeks or days after that june 1 deadline, which was a bit of a tweak. something we had not heard earlier. she also said we are already feeling the effects. this was a stern warning, saying if -- do not play around with this. it is getting close and it could be catastrophic. she was doubling down on all of this information. there had been some thinking that if we got another letter there may be a n

trashy secretary janet yellen's very very blunt warning about the u.s. debt limit.nn is covering the story from every angle. our correspondents are standing by over at the white house on capitol hill, and in the nation's financial center in new york city. we're also about to get reaction from former treasury secretary larry summers. he's standing by live. but first, let's go to our chief white house correspondent, phil mattingly. phil, one month is not a lot of time to fix this huge, huge potential disaster. what is yellen warning of tonight specifically, and what is the president doing behind the scenes? >> you know, wolf, for months, republican leaders and the white house have essentially been in a stare down, two very noncompatible positions making very clear there's no clear pathway forward in terms of how to raise the debt ceiling unless something dramatic changed. one that changed today with the letter from secretary janet yellen to capitol hill leaders, the urgency of the moment, the time line in terms of when default would actually occur has always been a li

meanwhile janet jackson, janet yellen fanning flames of war over the weekend. i think administration mishandling of the bank situation may make it worse. will it cause sheer panic over the debt ceiling? you can still make money. gary k. will teach you how to make money in a sideways market. don't miss my takeaway on the a.i. funding booms. it means great times for a long time until it all goes kaboom!. that and more on "making money". ♪. charles: so real quick. jackie: i'm taking the kids to see janet jackson tomorrow. that is why that slipped. first quarter, new york fed senior lending officer survey out. this report is taking on so much more significance than normal. investors are trying to gauge the impact of the banking scare. remember in the fourth quarter, fourth quarter, we already seen banks starten to tighten up. all banks on credit cards tightened up 28% on credit cards, 19% on autos. big banks were even more stingy. 33% for credit card, 30% on auto loans. this is interesting. demand for both also dropped. there was massive drop. 43% drop in auto loan

thank you i very much. janet mui from rbc very much. janet mui from rbc brewin dolphin.k, this is bbc news. the brownlee name has long been associated with athletic excellence. brothersjohnny and alistair dominated the sport for years, memorably crossing the line in first and second place at the rio olympics in 2016. and nine years ago, they set up their foundation to give children a first experience of the sport they love. a triathlon can be an expensive sport to get into if you want to do it competitively at the top level. but these brownlee foundation events, it's not about that. it's about children doing a triathlon, doing an event, achieving something that they never thought they could achieve and it can be free. so there is no barrier to entry to that. schools are invited to events at sport centres across the country where children get the mini triathlon experience. 50,000 children have now come through the program. it's been fun, activities with my school and my friends and i really enjoyed it. i feel like i've done hard work and it feels good. i you're live with

manus: we speak inclusively to janet this morning. plus, study generals asked income trading jumped in the first quarter and we speak exclusively to the ceo and his final set of results after 15 years at the home. we are grappling with debt, disinflation, and default. rabobank tells me it's a marginal event. good morning. dani: good morning. it was perfect that we have francine lacqua speaking to jamie dimon yesterday and he touched on all those things. he said the u.s. needs to get and inis the banking crisis. yesterday did you see what pacwest did? it felt another 22% and had more deposit outflows, money market funds hit a record. is this banking doom loop not yet over, manis> dani: jamie dimon would say it is the flow show that needs to and, the demolition derby, speaking of which the debt ceiling we will hear from the secretary shortly and the update will be important. jamie dimon has a war room and we know the way that the risk management groups come together and cohesive moments of risk. goldman sachs says the risk is that there

default. >> reporter: but janet yellen warns that it could all happen.. >> reporter: but janet yellen warns that it could all happen.. >> reporter: but janet yellen warns that it could all happen.. >> reporter: but janet yellen warns that it could all happen.. >> reporter: but janet yellen warns that it could all happen. as early as june 1 and it would cause severe hardship to american families. financial analysts broadly agree the stock market would plummet tanking 401(k)s and other savings for millions. unemployment would leap up, state programs which rely on federal backing could also be sent reeling and the banking system already rattled by recent problems -- >> it is not a position of strength that you could throw on another issue like the debt ceiling and say that this is water off a duck's back. no, it won't. it could metastasize into a bigger problem when you already start with markets that are in a position that they are in right now. >> reporter: all a guessing game since the federal government has never defaulted before. but in 2011, the obama administration and congression

please welcome treasury secretary janet yellen!invitation. >> stephen: have you ever been on a late-night show before? >> i've never been. >> stephen: you're going to love it. it's great. you've been called a genius at explaining arguments simply and clearly. others have said this. you haven't said this yourself. can you explain how inflation got so high because two years ago, everything seemed fine, even in 2021, you and other members of the administration believed that inflation was a small risk. what happened, simply and clearly? >> that's a challenge. >> stephen: that is, yeah. >> so, we had rapid recovery from the pandemic. when president biden was elected, unemployment was quite high. it was close to 7%. and we put policies in place that generated a very rapid recovery. unemployment quickly fell back into the 3s. >> stephen: what is it now? where is it now? >> 3.7. so normally you wouldn't expect, just because you had a rapid recovery, for inflation to rise very much, if at all. but it turned out the pandemic had very special

leaders must take action janet yellen warned the u.s.ould reach the debt ceiling by june 1st if congress does not act. she says congressional leaders know the right course of action. >> the only option that really leaves our economy in good shape and our financial system is raising the debt ceiling and making clear that congress stands behind the basic principle that america pays its bills. we're not a deadbeat country >> brinksmanship until the last minute what is interesting here is there is a big group of republicans, 43 in the senate, will oppose any bill that raises the debt ceiling so long as it doesn't include provisions about attacking government spending. i have spoken to equity analysts and i feel this is an issue that comes up over and over again the debt ceiling gets resolved in the last second it doesn't mean to say the markets don't react into it and many equity analysts are saying there may be opportunities in and around that june 1st soft deadline you will see stocks that have exposure to government direct financing and w

new comments from janet yellen in japan she said the notion the u.s. at a faster pace since april. >>> the epa has a plan to slash a plan for greenhouse gasses it can have solutions to shift natural gas or clean hydrogen. >>> bankers buying up stock at u.s. bancorp and key and stellar with insider buys over the last week. >>> and honda with the quarterly profit falling by half it see sees properties rprofits rising this year and softbank posts a $76 billion annual loss cutting stake in alibaba. >>> gearing up for the trading day ahead at 8:30 a.m., weekly jobless claims and inflation with the ppi then results from krispy kreme and u.s. foods at 7:90 a.m7:00 a.m., the rate n from the bank of england with all that, let's dive in the trading day ahead and bring in katerina simonetti of morgan stanley. >> thank you. >> we ask the one word they believe describes the trading day ahead. what is your "wex" word of the day? >> my word is opportunity. this is a challenging time for investors that are told that every day market is challenging and they should expe

here janet yellen is pushing forward this fearmongering tactic and really i don't trust janet yellen either. we've seen her history and because of her we're in a lot of this. yes, it is also political. she's acting political, no longer federal reserve chair, you could see the federal reserve chair could be political. this is fearmongering. >> ashley: mccarthy and republicans put forward a common-sense bill. you can raise the debt ceiling, but have to push back in certain areas. do you think he's going to budge on this at all? every year we hear we're going to run out of money. do you think biden is going to budge on this? >> he doesn't really have a choice unlessey ex$10 millions to the point of a fiscal cliff. i hope he wants this deal to be negotiated, it would be difficult for the economy, investors will be concerned about what happens to the budget and debt. right now, he will have to negotiate because republicans passed the bill in the house. kevin mccarthy did a great job and got a lot of covid spending and cuts called back. >> todd: what republicans and kevin mccarthy want to

cbs' janet shamlian is in texas for us tonight with an update on that investigation.g, janet. >> reporter: authorities just finished a press conference here where they announced that reward and said they have no idea where the suspect is. it's been almost two days since this incident happened. and tonight, he remains elusive. a widening search for the man suspects of murdering five people, law enforcement says element execution-style in this cleveland, texas home. investigators say 38-year-old francisco oropesa has left the nearby wooded area they searched on saturday. >> it is my number one priority to find him, as it is everybody that's out here looking for him. >> reporter: sheriff's deputies say the deadly rampage started late friday night. the suspect's neighbor, wilson garcia, asked him to stop firing his gun in his yard so they could put a baby to sleep. after that talk with his neighbor, investigators say oropesa, took an a.r.-style rifle, entered his neighbor's home and started firing. ten people were shot. five were killed, the youngest an 8-year-old boy. th

that is janet yellen.n with the secretary of treasury from japan. 3:30 new york time in the morning. only bramo will see that. i will stay in the surveillance lumber. london 9:30 in the morning. afternoon down south in hong kong. that could be interesting. lisa: especially given the tenuous nature of having to deal on the national stage at the same time a domestic issue. i feel like washington is doing its best to get everybody's attention to say we need the eyeballs on us, we need the drama, we need the political leader to get something done and people are not budging. tom: our next guest cup i did. take he takes this same vacation days politicians do. i think he is to the office a little bit more. we have the debt ceiling deadline. it is a moving target. he adds "we pay particular attention to what happens if the x date is crossed, a meaningful risk. while we maintain a base case default about occur markets have to contend with an elevated probability of default or economic downside in that scenario" som

janet yellen addressed these issues including trying to get support for what we are hearing would be an investment restriction, executive order, coming as early as next week's leadership meeting in hiroshima on key investment in china sectors that could potentially pose national security threats to the u.s. i am talking ai, semiconductors, quantum computing. she says it is going to be narrowly scoped, and at technologies that pose a threat. this is what janet yellen said at the press conference which i attended yesterday afternoon. >> this should be national security focus. it's not focused on undermining china's economic competitor -- competitiveness or ability to advance economically. haidi: yellen addressed an invasion of russian sanctions. what is the strategy going forward for the g7? stephen: i think they want to choke off evasion of those sanctions. russia's ability to a beta the -- of aid the sanction, a clear concerted -- invade the sanctions -- evade the sanctions. they also put pressure on companies and jurisdictions. her words, known for facilitating the evasion and shutt

janet yellen says the only good option for solving the debt limit stalemate is for congress to lift the cap. without this, biting cannot avoid a financial catastrophe. the u.s. jobs report comes in hot once again with an acceleration in hiring and pay gains. will this week's inflation data prove tricky for the fed? with the next boe policy decision on thursday, banks such as hsbc and citibank are pitching trades against rate hikes. even though the market is expecting hikes to come from the bank of england. we will dive deeper into that story. let's look at the futures picture. 13 seconds until the start of european trading. the teachers picture looks slightly positive. we are without london which means will be without some of the volume because of the public holiday in london today with the coronation of king charles the third over the weekend. tax futures pointing higher. let's see what we get at the start of monday's trading session. so far, little movement across european equities. the euro is stronger this morning. despite the weakness that we saw in german data. we had industrial p

tomorrow, my colleague will speak exclusively with janet yellen.ll be speaking exclusively to the bundesbank president right here at the finance ministers and central anchor governors meeting here in japan. it has not even started yet. it starts at 2:30 p.m. japan time and we are already on the ground running. rishaad: thanks. echo at what is going on with some of these markets. looking at chinese banks, first of all, we have lenders up, but they lost some of their gains. smic out with numbers, terrible time of it. people expecting a profit come -- jd.com expected flat when it reports numbers later today. haslinda: still to come, the downey group rishaad: welcome back. you are with "bloomberg markets" as we focus in on india and have a look at some of the key stories investors are watching out for today. we have go air winning protection as a local court allowed its insolvency proceedings to begin. looking also at what is going on with prime minister narendra modi, who is operating infrastructure projects in the state of i just on. also adani group

the newest warning from treasury secretary janet yellen making it clear that the u.s. could default as soon as june 1st and even coming close to that date, with this political battle, could damage the u.s. economy. where does it stand with the president is now saying. what house speaker kevin mccarthy told rachel scott. the southern border. the biden administration reporting migrant crossings are down more than 40% since title 42 expired. what's driving it? will carr on the border. the war in ukraine and the dramatic images coming in from the battle for bulk moved. ukrainian fighters making the most significant advance in six months. images of russian forces being captured and what they say this video shows. here in the u.s. the husband accused of killing his wife after she disappeared on mother's day in 2020. sitting down with our aerial rationale, his daughter sitting down beside him. what he is saying and what prosecutors are signaling about the husband. tonight retracting -- severe storms damaging winds and large hail always to virginia over the next wave hours in

you mentioned janet yellen's letter here. the date has not changed. june 1 released as early as the xa here in washington. the party is at the table here. joe biden and kevin mccarthy know they are playing with very little time and that the markets are watching and listening. it will be very important to hear what he says he emerges from the west wing. assuming kevin mccarthy talks to reporters there. the way he frames this meeting depending on his mood when he emerges will go a long way to the way the markets look right now. >> has this level we have been seeing so far been in anyway surprising given that so much is being said about how vulnerable the economy is to recessionary risk at the moment? is this something that will come into play as we get to the final hours, days of talks? >> it is hard to say. they are talking about the regular stuff right now. and comes to a potential looming recession, i don't know if that has been a motivator or not. the first of june is the real motivator. they have been given a pretty easy time from the equity market

. >>> debt limit meeting delayed janet yellen looks to take her warnings straight to the wall street. >>> the regional bank reckoning appearing far from over after a brutal trading day for pacwest the friday fallout coming up. >>> later on, elon musk teases the pick for the ceo of twitter. it is friday, may 12th you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." hope your friday morning is getting off to a great start i'm frank holland. let's check on the u.s. stock futures in the green dow is looking like it would open up 150 points higher. s&p as nasdaq higher in the pre-market the nasdaq set to end the week positive this as investors digest comments from michelle bowman bowman's tone making her the third fed speaker this week offering a different view of the central bank policy path forward. one interest rate trader saying it is looking at a pause at the june meeting we look at the benchmark right now at 3.41. a lot of movement with the 2-year treasury. that is down 8 points for the week this is below 4% we have seen a lot of people

janet yellen, it was a call to action over the weekend. we're not paying attention to the fact that we'll see loan growth decline probably substantially over the summer. below the surface of the market, there's still opportunities for investors to get invested because not all companies are trading equally right now. i think that would be my parting words to investors pay attention and look for opportunities where ai can impact future growth potential >> all right >> i don't like the breadth thing. i don't like that. when i look at your screen, tons of stocks up 20 and 10%. people look at the breadth because when you go up 10% -- there's plenty of 10 billion stocks up 50%. i have to myth buster that. >> we'll look for that nicole webb, adam parker, thanks. >>> which of these sectors have the most upside? it's our twitter question of the day. go vote. we have the results coming up later on we're just getting starting on "closing bell. >>> signs of life in the ipo market rashawn williams is breaking down if he sees a thankw in tha space. we a

colleagues will speak to janet yellen later today at 2200 cet. been here before it has been raised or extended or resvised 78 times since 1960. it is important and something that markets are focusing on we have seen a huge amount of volatility at the short end of the treasury curve that is certainly part of the market to keep an eye on the u.s. has never defaulted the expectation is they will come to agreement twith the nex milestone on tuesday >>> a slew of economic data due on wednesday we get the u.s. inflation print. then cpi and ppi on thursday for china. and thursday is the bank of england rate decision. that is ahead of the uk fla flash estimate on friday last week was a blockbuster report sterling is trading above 126 in the lead-up to the bank of england decision fascinating to see the rate decision or if the bank of england strikes a hawkish or dovish tone. we will see if it is the same story for the bank of england. >>> we are nearly two hours into the trading session. for the markets open in europe, gains across the board uk market is

england and the studio i'm with arabile gumede and joumanna bercetche no reason for the crisis as janet yellen calls for concessions in the debt ceiling deadlock. >> a default is, frankly, unthinkable. america should never default it would be tremendously economically and financially damaging i think it would rank as a catastrophe. >>> inflation cools in the united states and china with wall street stainging a relief rally fueling european trade and stocks in asia close lower. >>> the bank of england is set to hike interest rates for the 12th straight meeting as headline inflation remains stubbornly high. we will speak with andrew bailey at 1700 cet. >>> and drama for disney shares opened lower in frankfurt after 4 million people ditch disney plus. >> the cost cutting initiatives i announced last quarter are under way and we are on track to meet or exceed our target of 5.5 billion dollars. >>> warm welcome to "street signs. with lawmakers at the impasse and lawmakers barrelling to default deadline, treasury secretary janet yellen warns of the ramifications and undermines the u.s. on the

the invitation came hours after janet yellen warned the u.s.ks running out of cash as soon as early june. since hitting the current limit of 31 point $4 trillion in january, the u.s. has been using special accounting measures to stave off a possible default. anger over president macron's pension reforms built into the streets of paris yesterday. the government says 700 80,000 people took part in the protest, while a labor reunion -- union put the turnout at 2.3 million. macron pushed through plans to raise the french retirement age to 64 last month despite widespread protests. writers for some of the most popular u.s. tv shows are going on strike, demanding higher pay amid rapid changes in the ways people watch films and programs. the writers guild of america which has more than 11,500 members, says almost 98% of those voting last month backed the walkouts. a strike in 2007 resulted in a $2.1 billion loss in economic output. that's global news powered by more than 2700 journalists and analysts in more than 120 countries. i'm samuel etienne and

janet yellen was at the fed at the time. they don't have that much wiggle room. >> neil: if she's like my plumber, it cost dearly. i don't want to go there. hans, thanks very much. hans nichols on those developments. following campaign money for a candidate who has yet to announce formally that he's running for president but all signs are right now that tim scott is and man, you should see the money backing just that after this. weeds... they have you surrounded. take your lawn back with scotts turf builder triple action! gets three jobs done at once - kills weeds. prevents crabgrass. and keeps it growing strong. get a bag of scotts triple action today, it's guaranteed. feed your lawn. feed it. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. findings show that repeatedly gripping small and thin can fatigue hands. thicker can feel bett

this comes as treasury secretary janet yellen warned that the u.s. could run out of money by june 1st if congress doesn't raise or suspend the limit, and tat is even earlier than previously thought. norah. >> weijia jiang at the white house with that news, thank you. >>> overseas now to those mass evacuations from war-torn sudan. the u.s. government has now helped roughly 1,000 u.s. citizens evacuate that country in northeast africa since fighting broke out last month between rival military factions. that includes about 100 u.s. citizens who arrived by boat today in saudi arabia. cbs's ramy inocencio is there. >> reporter: waiting for a way out, the fortunate find their way to port sudan. this sea of humanity desperate for safe passage. >> i have no idea how i'm going to leave this spot. if it's going to be by plane or going to be by ship. i have no clue. >> reporter: the country's military and strongest paramilitary bloc have been attacking each other day after day since mid-april. the collateral damage, hundreds dead, thousands hurt. the u.s. naval

janet yellen issuing a deadline to raise the debt limit. negotiators locked in a stalemate with a little more breathing room. the treasury department estimating the u.s. will go into default on june 5th, giving both sides an extra four days to reach a deal. some republicans refusing to pass a deal unless their demands are met. what is at stake for millions of americans. 12 people taken to the hospital with respiratory issues. geo bonito standing by. the holiday travel rushes on. 42 million americans expected to drive or fly over the long memorial day weekend. more passengers expected to fly since before the pandemic. severe storms from texas to colorado could impact holiday plans. the warning about possible rip currents from florida to the northeast. rob marciano timing out. 24 hours after the founder of the oath keepers was sentenced to 18 years in prison, two members sentenced for their roles in the january 6th attack on the capital. martha raddatz here tonight. surveillance video showing an alarming school bus crash in south carolina, th

siempre había soñado algo muy bonito >>> en poco tiempo su determinación por no verse en se llevó a janet esfuerzo sin duda vale la pena >>> es trabajar duro por lo que quieres >>> tenemos que hablar de los gigantes que secundan de gira esta semana y el objetivo es tener de vuelta a san francisco >>> equipo de la bahía llegue un buen momento la pregunta es será que sigue con buena racha ? >>> le cuento que los gigantes cerraban la serie minnesota con 7 victorias en los últimos 10 juegos y con un récord finalmente equiparado porque había arrancado muy mal hay que decirlo pero tenían que vencer una vez más al hombre y sur aquí su lealtad el 2° smith empataba el juego a una carrera con este imparable entre primera y 2a sin embargo, luego llegaban los problemas por el jardín derecho y así minnesota recuperaba la ventaja, nos vamos a la baja del 3° aquí en lanzamiento, no es positivo en lanzamiento para evitar el robo base aquí jefferson simplemente sentencia la victoria 7 x 1 desde Él minnesota el análisis >>> mucho gusto, un saludo cordial desde minnesota donde no pudieron completar la barri

it is not just janet yellen. yesterday, the congressional budget office which is nonpartisan also said that it is likely that the u.s. would hit the debt ceiling and no longer be able to satisfy it through the special accounting maneuvers that treasury has been using for the past few months. the congressional budget office reiterated what janet yellen said that it could be as early as next month. the problem that they are going to have now is that while it's in biden has invited kevin mccarthy, the other congressional leaders to a meeting in the white house next week, there's not a lot of time left, especially when you consider that between now and the beginning of june, congress is going to be going on recess or a week and the president will be traveling. he will be in australia, japan for the g7 meeting. when you look at all that, you think there may not be enough time for them really to work all this out. there is now talk about the possibility of maybe being a temporary extension of the debt ceiling into the

they are taking janet yellen at her word but the fb market is not on board. if the actual x date could be as late as january 15 and goldman -- june 15, and goldman is saying june 8 or nine, because we are seeing that variation, june 1 is kind of the final deadline. it is why you are seeing people's react. equity market not on board. you will see more of that back to your original point about tech in the dollar, you are not going to see it now but you will see it may 30. that is when the bids will go in leading up to that x date. guy: long weekend coming up. are people going to freak out pretty back end of this week? 10 gets short. you will be a -- time it gets short. you will be carrying a lot of risk. do you think the market's x date could be friday? kriti: it could be. traditionally, when you see a long weekend, the friday for it tends to be risk off, especially when geopolitics are involved this is not just about the debt ceiling. geopolitics are cranked up. it is factored into the market narrative. that is why you see this tug-of-war. equities mostly unch

but they never could have imagined what janet's family would create with the milk.d water? >> si. >> like a never ending scarf from a magician's hat, the cheese just keeps on coming. mmm! have they got a rabbit in there too? >> listo. >> okay. listo, listo! how do you pack a fire hose length of delicious cheese into your fridge? okay, here you go. you're going have to roll with it, by hand, of course. so you salt it all the way through? >> yes. wow. wow! i don't even want to attempt to try it. i mean, i can. oh my god. oh, lord. my hands are clean. i feel like i'm making a baseball. oh, god, i'm sweaty. that's my quesillo! oh my god. look at -- look at his, though. i'm just going to say i did this one. wow. >> its original string cheese. you can taste the milk. it is super lactosy. if you're lactose intolerant, don't eat this. you can make so much with quesillo. >> even ice cream. have you tried it? >> no. >> it's delicious and amazing. >> look at yourself. my god. >> how are we doing? >> respect omar. i have never seen so much cheese gobbled so fast. i always assum

below here they had a picture of janet yellen.ling the communications part of this so far? >> when you have a outlet like this publishing a poor, unflattering picture of janet yellen i think it says what they think about her. what you have going on, janet yellen, president biden realizing they need some kind of economic win. president biden's numbers have not been good. so i think he wants to show that he came out victorious in this. we know everybody, pretty much knows we'll get some type of negotiation. the debt ceiling will go up. so i think he will take that victory lap even though i don't think anybody think there is much negotiation going on behind the scenes that president biden himself is doing. he is doing using a lot of proxies. he will take a victory lap and we see what hatches with the budget later this year. charles: i saw kevin mccarthy. he handled himself pretty well. this is pretty slick. talking about how intense this is. he brought up the fact it took him 15 votes to get job as speaker. he turned that negative in

haidi: janet yellen says the u.s.bt limit as the white house and lawmakers continue in the second week. let's bring in derek. are you getting a feeling when we hear about the negotiations as we get into the mccarthy meeting tomorrow? >> it's interesting, the tonality difference between the two sides. the white house has been remarkably more positive on where things happen to be in negotiations. kevin mccarthy has said the talks are not making progress in the white house is talking about optimism. i get the sense and don't worry about the rhetoric. look at the framework. we have seen a narrowing. the idea there will be no negotiations in exchange for this is out the window because they are negotiating. there are questions about the framework. so you are starting to see some issues come into focus. you are seeing permitting rules and talk about the future spending level caps. there are some key division points, especially over republicans wanted to put more work limits on entitlement programs and democrats don't want to

gop strategist reacted to janet yellen's warning when we spoke with her last hour. >> here janet yellen is trying to push forward this fearmongering tactic to get a deal and negotiation across, but really i don't trust janet yellen either because we've seen her history, because of her we're in a lot of this. and yes, it is also political. biden amcampaigned on unity and i hope he wants this deal to be negotiated. investors are going to be concerned about what happens to our budget and our debt. right now, i mean, he is going to have to negotiate because republicans have passed the bill in the house. >> todd: and now to this. a warm welcome for fox news's benjamin hall in the briefing room. he was injured while covering the war in ukraine last year. [applause] >> i felt the support in this room throughout and gave me strength, grateful for everyone who reached out and i will say that the briefing room is probably the thing i missed most while i was away. i'm glad to be. >> todd: hall was ambushed by the russian military while reporting in ushg ukraine. he lost a leg after the attack. gre

justin. janet loved about anything except away from the fund. i'm not even allowed to go to my own car and everyone was later holes in every single day stuff. getting you ready to meet the gentleman enjoying me, right. just do it on dw, the zip species populate our planet, the most of them are long zone when humans live alone, that the great mass extinction began and amusing, done to exist on the coast of the british isles, the calling to preserve this habitat the story, the wild starts of the 19th.

janet yellen issues a dire warning over the us debt ceiling. leaders of south korea and japan meet as they make moves towards a new era in relations. hello and welcome to asia business report. we start the programme for you in the united states, where the treasury secretary janet yellen has sounded the alarm. she said if congress fails to act on the debt ceiling it could trigger a constitutional crisis. president biden has asked for the ceiling to be raised with no strings attached, something the republicans have been unwilling to budge on. and time is ticking. janet yellen has estimated the government could run out of money to pay its bills as soon as next month. it's congress's job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making. there is no action that's evident biden and the us treasury can take to prevent that catastrophe. fin treasury can take to prevent that catastrophe. on tuesday, president joe _ that catastrophe. on tuesday, president joe biden _ that catastrophe. on

every hour there's not a deal puts us ever closer to what treasury secretary janet yellen says will be an economic catastrophe. case in point, fitch is signaling that it could downgrade u.s. debt putting us on rating watch negative. what does that mean? what does it do? where are we now? joining me now is white house communications director ben labolt. congratulations on the gig. welcome to the show. >> thanks. thanks for having me. >> where does the negotiation stand? >> we're getting closer to a deal. the president's negotiating team has been negotiating with house republicans multiple times a day since last sunday when the speaker and the president talked. they went late into last night. there was another meeting today. so, we're getting a bit closer. i think the good news is all congressional leaders have agreed that default is not an option. now there's a negotiation over the terms of the budget path forward. the president, his negotiators, are negotiating to make sure we don't give up key priorities, that we don't place on the backs of hard working americans that they have to fun

phil, is the white house concerned with the deadline janet yellen is putting out? this is just weeks away. they're only in session eight days between now and the end of the month. does the white house think this could get done? >> reporter: their concern is that folks have been too s sanguine about this happening. this happens in one way, shape or form dodging catastrophe right before the deadline. the white house is insisting they're not moving off that there be no conditions. this stare down has the potential to approach the edge or go right over it. that was the driving force, especially given the fact that janet yellen's letter went out today. this meeting proposed for may 9th with the top four leaders and the president is designed to shake-up the dynamic and start conversations to try to find some pathway out of things. interestingly, erin, white house officials made clear this is not a shift in their position. the president's position is, unlike past fights, because of those past fights, they don't want to negotiate. they don't want to add anything on to a de

treasury secretary janet yellen says they only have four days before the u.s. defaults.ot everyone is confident a deal can be reached, with at least one top republican negotiator warning a deal could come together as soon as today or fall apart entirely. what is the mood on capitol hill right now? >> reporter: good afternoon. the mood is more optimistic than we've heard in days. negotiators here this morning are saying they think they're closing in on a deal and really it's all about having an agreement on the agreement and hashing out the remaining sticking points, which we're told are on work requirements and spending caps. we heard speaker mccarthy came to the capitol shortly before 10:30 a.m. this morning. he says he feels more confident than he has and they've made progress, but some sticking points remain. i asked him if he thinks he would be able to get his full conference behind whatever deal they're able to strike, and he said he does think that will happen. he also said he thinks a deal could potentially come together as early as today and have a vote as early