and my last name is janet the way the sun rises over the up one out. sandro and l berto always leave early in the morning. they have been monitoring the quarry workers for years because of the ground. also when it's nice here they are united by their love for nature and their fight to protect the afflicted mountains. alberto father and grandfather worked in the quarries themselves to day . he photographs the excesses of the industry with thank you or they don't see the environmental activist is sent to testify in a case about this very quarry. to date, the owner has managed to escape the consequences of his actions. but people out of this quarry has an unusual story. it was actually supposed to be shut down. but after an appeal to easterly top administrative court, he was allowed to open it again. when you come into it, but he has to stole his waist on the premises, which is highly unusual. and i was actually commented for you can see the heaps of crushed marbles from here that he did the legally he should actually be required to transport it down into the valley that he saw. the res

my last name's janet the way the sun rises over the up one alps. sandro and l berto always leave early in the morning. they have been monitoring the quarry workers for years because of the found someone. it's nice here. they are united by their blood for nature and their fight to protect the afflicted mountains. alberto father and grandfather worked in the quarries themselves to day . he photographs the excesses of the industry with thank you or they don't see the environmental activist is set to testify in a case about this very quarry. to date, the owner has managed to escape the consequences of his actions. but people out of this quarry has an unusual story. it was actually supposed to be shut down. but after an appeal to italy's top administrative court, he was allowed to open it again and had to come in to see, but he has to stole his waist on the premises, which is highly unusual. cause i could come in for you can see the heaps of crushed marble from here. you did the legally he should actually be required to transport it down into the valley. sorry. the rest of the 2 men are sea

, but we'll have a good view of what's going on in the quarry from above me and my last name's janet the way the sun rises over the up one alps. sandro and l berto always leave early in the morning. they have been monitoring the quarry workers for years because of the plan. also when it's nice here they are united by their love for nature and their fight to protect the afflicted mountains. alberto father and grandfather worked in the quarries themselves to day . he photographs the excesses of the industry with thank you or they don't see the environmental activist is set to testify in a case about this very quarry. to date, the owner has managed to escape the consequences of his actions. but people out in this quarry has an unusual story. it was actually supposed to be shut down. but after an appeal to italy's top administrative court, he was allowed to open it again. when you come into any bus, he has to store his waist on the premises, which is highly unusual. okay. and i was, i assume, commented for you can see the heaps of crushed marble from here. he did the legally he should actually b

my last name's janet the way the sun rises over the f one alps. sandro and l berto always leave early in the morning. they have been monitoring the quarry workers for years because of the found it's nice here. they are united by their love for nature and their fight to protect the afflicted mountains. alberto father and grandfather worked in the quarries themselves to day . he photographs the excesses of the industry with thank you or they don't see the environmental activist is set to testify in a case about this very quarry. to date, the owner has managed to escape the consequences of his actions. but people out of this quarry has an unusual story. it was actually supposed to be shut down. but after an appeal to italy's top administrative court, he was allowed to open it again. when you come in to see him, but he has to stole his waist on the premises, which is highly unusual. cause i could come in for you can see the heaps of crushed marble from here to legally. he should actually be required to transport it down into the valley where the rest of the 2 men are searching for more ev

sometimes she's a gift that keeps on giving that's the way it works nowadays, the best of the best, thank you, put that law degree to work, next up on "kudlow" janetn global tax crusade it's going to hurt america's best companies and put america last and will talk about it with steve moore, the hero of the story is ireland and maybe hungry, i am "kudlow", stay with us, thank you madame psaki you helped the conservative cause helped the conservative cause enormous helped the conservative cause enormous helped the conservative cause enormous helped the conservative cause enormous ♪ ♪ ♪ easy tools on the chase mobile app. simplicity feels good. chase. make more of what's yours. only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses. ♪ ♪ i am tiffany. and this is just the beginning. ♪ ♪ what makes new salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and

so but i've been saying on this show for many months that inflation is a growing problem and by the way janeteen pao* pao*ing the idea and now finally admitting it's a big problem for the country. we see it every day. if you are traveling and you need a rental car, hotel, airline ticket you see 25% increases. this is a real problem. the people hurt the most by this, bill, are the lowest income people, the dumbest thing we can do right now if we want to stop the inflation is we cannot allow another 3 1/2 trillion dollars of debt spending. >> bill: that may be in the offing. here is one line for you, austan. we'll see inflation decline back toward normal levels. i hope she is right. i don't know if it's a guarantee. >> i hope she is right, too. it is definitely not a guarantee. you don't know. they were surprised by how much the inflation was. it is concentrated in just a couple of categories so that's one of the reasons why a lot of people think that this is a pandemic-related bottleneck problem, not a persistent lasting inflation problem. at the same time, inflation is up, it is also true tha

part of that, by the way, is the global minimum tax you see janet yellen, our treasury secretary, negotiatingit is an area that would not only raise key revenues but shutdown some of the offshoring of production and jobs. >> let me ask you about janet yellen urging congress to raise or suspend the debt limit by august 2nd, a couple of weeks from now, preparing to take extraordinary measures if the debt ceiling is not raised in the next seven days. gop senators, as you know, are already resisting. here is what jen psaki had to say yesterday. >> we certainly expect congress to act in a bipartisan manner as they did three times under the previous administration to raise the debt limit. >> what is this about? is it just more obstructionism from the gop? >> yeah, i mean jen couldn't have possibly been clearer about that. not only is this a matter of not allocating new spending, it is a matter of spending -- it is a matter of meeting the spending obligations that congress has already agreed upon, that democrats and republicans have signed bills that spend public resources that take us above this de

janet: the statutory requirement is that the prong about that it would help in some way protect the publicging smokers to transition pretty so that has been a mental benefit there. in order to outweigh harms. >> so again, if the researchers found the smokers transitioned away from cigarettes to jewel whether they were up three nicotine or 5 percent nicotine, and their products and that would show there is no discernible difference in a lesser or lower nicotine level would be appropriate predispute this is dated that need to be evaluated absolutely pretty. >> but it seems that based on just what youro said that with a logical result should be. see tip conference to be clear, you should reject all of jewel's products even what we know about how they marketed in addicted kids to their product and i encourage you to reject every application it for or 20 milligrams per milliliter. it's very clear that there's a direct correlation it to a precipitous drop in youth vaping when you have a much lower, 2959 for no discernible difference whether you have a higher nagging product and reduction in smok

janet yellen the other is at least 15%. that could be easier to implement according to the u.s. secretary-general. i guess the jury is still out. it seems that they are in the good way ocd is estimating that tax deal could raise $126 billion more across the globe. janet, back to you >> thank you anetta, stay with us i want to talk about a subject close to your heart. let's talk about the developments over the weekend on the monetary policy side ecb president christine le guard says they will review guidance on july 22nd speaking to bloomberg, le guard says it will reflect the ecb commitment to spur inflation so, anetta, putting this together, one of the big questions we had last week when we talked about the timing of the strategy review, why would they release it now you? i guess they were trying to prepare the market for an upcoming change in forward guidance >> reporter: that could be the case also, they had their gathering outside frankfurt to bring everybody back together in the physical meeting and what i heard on the ground here helped to bring about agreement when it comes to the strategy i guess those factors likely had an impact here talking about the upco

the amount of tax we will see collected from this. manus: let's talk about janet yellen, lobbying against a digital tax, because that would stand in the wayf the global taxation deal. maria: yes, and she will be in brussels today meeting with european finance ministers. she was in venice. today we are focused on the european legislation. the eu is working on an eu digital tax. over the weekend i asked many of the finance ministers in italy about a tax that is truly just european. they managed to get a global agreement, but they were unable to explain this tax, or show the point of it, which makes it difficult for the u.s. government to sell this tax in congress. they will have to vote on this. this morning there is already speculation that yellen will ask european finance ministers to drop it, and they may consider not dropping it delaying the tax for the time being. manus: ok, let's see what the message is from janet yellen. maria tadeo in russell's, thank you. our guest host is jane fully. -- foley. when you look at global risk, you have delta, growth, taper, a whole host of things and tax is but one of them. when you look at the back h

. >> that janet jackson song "that's the way love goes" that was my divorce song.elf. >> we all have that song, gayle. >> we all have a song. you work with mariah, mary j. blige. no janet this time. how did you decide who you were going to work with? what was the process? >> we put a wish list together of people we'd love to work with. a lot of people on the wish list, we are doing a volume 2, by the way. that's why we're calling the album volume 1. there still is a volume 2 and a volume 3 and hopefully a whole bunch of them. at this point in our careers we're having so much fun. we put our wish list together and a bunch of people were saying yes. >> nobody is going to say no to you two. >> i'm fascinated by the collaboration of you two together. you met as teenagers, in the outward bound program. >> upward bound. >> that's right. you discovered you had two different tastes in music. you were you and he was what? upward bound? >> i'm the funky guy. he's the pretty guy. he's the pretty boy. >> thank you, terry. thank you. >> but at some point we figured how to mesh

by the way, we are getting this news flash that janet yellen, the treasury secretary, is formerly urgingextraordinary measures to prevent default. now you seen this play out many times under republican democratic administrations, congress under republican democratic control happens all the time. they push this back to the brink , or on the verge of the government just outright defaulting. there are ways you can avoid that by pry iowa r tieing bills like you might do at home if you're in a cash crunch got to pay the mortgage first or rent first, the utilities then and maybe decide which others you might prioritize or not prioritize, so there are technically ways to keep the government up and running doing things well into october, even november. janet yellen is saying get this thing done by august 2 so we don't have to do that. i can almost guarantee you, they will ignore her, after this. i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're

janet: the department of homeland security is largest reorganization of the federal government since the creation of the department ofef defense aftr more work to. i will acknowledge that pains along the way pretty kind of reorg like that is challenging. but i also would agree that department now, i'm going to exclude the trump years with the department now is very much involved since its initial state. if one thing that happened of course about it is congressional oversight pretty human tendency that there are any committees and subcommittees of congress that exercise some come jurisdiction over the department of homeland security and doou yu think there's any realistic way for that to be reformed. that was one of the recommendations in the 911 commission. for one election yet. jane: misspoke it was actually only 22 functions. only the largest in the pentagon. congress did have 88 committees and subcommittees with some piece of jurisdiction overe the homeland security for the price predict that scepter. andis i remember unless in your case but michael another secretary to homeland security, is a bush appointee. anotherte excellent secretary. summa correct that the 911 commission which wa

beijing is overhauling the way it regulates ipo's as part of a broad campaign to tighten oversight of its big tech companies that control reams of valuable user data. janetsome thought to the way we have seen chinese tech stocks respond. what do you think the international investor has learned in the last few months about chinese tech stocks and how much exposure they want to have to those chinese tech names? janet: i have to say it is a disappointment so far because there have been a number of occasions that continue to disappoint. we have got these sales ipo of ent and we have the disaster from didi because the share price had fallen substantially. i think it reinforces to us what we were fearful of which is that china is not going away. i think it will be ongoing and the endgame is to disincentivize these innovative chinese companies to list internationally because they want to make sure that the success and the capital is beijing brought back into chinese territory. i think this is a trend that is unlikely to reverse. we have seen china set up the stock allowing high-tech companies to list domestically but maybe that is not achieving what the chinese

administration has made this willful booming them tax the centerpiece of this policy of what it wants as a way of illustrating that america is back. janet is behind it. global efforts to fight corruption. many positives to undertake in this policy. but as you point out, whatever the g20 finance ministers say, talk is cheap, and we still need european union consensus, and we still need to u.s. to agree to this. i don't think the markets will focus usually on this. i think people have been surprised about how far this agenda item has gone but it is not a done deal. the smaller countries that have been benefiting are not going to want to roll over and give up this comparative advantage they have carved out for themselves. matt: absolutely. i think you would agree that the markets think it will take years to come to fruition. they don't seem particularly focused on that. it seems markets are less focused on the delta variant, at least the last week, reopening. you are in london, where you had a fantastic win last night. congratulations to england getting to the final. but you have 50,000 people in wembley. is it a concern as you start to re

the bank of korea decision. rishaad: coming up, treasury secretary janet yellen has new plans to raise rates with talks with china and continuing a trump era participation. that scoop on the wayis is bloomberg. ♪ ♪ yvonne: here's your latest business flash headlines. sydney airport has rejected a $70 billion takeover offer. is made the proposal -- it came from a consortium of infrastructure investors setting on a tribal rebound and with a 42% premium. number is said to have launched three tenured executives with a follow-up from a collapsed capital. the bank's chief u.s. economist and the heads of treasury and agency mortgage trading left in recent weeks to join hedge. it suffered losses of almost $3 billion from trades. a strategic alliance are using for their new deal. the terms include japan's fmsg providing a credit line to wall street collaborations and collaboration on investment banking businesses. it will build up to 4.9% holdings in jeff ranks. first neighbors -- major step beyond tv and films. videogames are much streaming platform within the next year. mike wert he has been hired to lead that effort. games will appear alongside current netflix content and subscribe

the same thing. all right. let's move on. we have got a big interview coming your way tomorrow on cnbc do not miss the exclusive sit-down with treasury secretary janet yellen 4:00 p.m. eastern time that's a big one. >>> on deck on "fast money," a deep dive into one of if not the most important stocks in the world apple. but is making more iphones the key to making you more money >>> plus big banks doing some very different things today. wells fargo popping on a higher profit but bank of america a whit of a bust it's up next, erwhe you can still make some dough when the bank is down icy hot. ice works fast. heat makes it last. feel the power of contrast therapy, so you can rise from pain. ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. feel the power of contrast therapy, the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job c

energy, tech, small caps are seeing the biggest decline and we have a big first on cnbc interview coming your way from california janet yellen joining us to talk about the global minimum tax deal, her read on inflation with the new numbers this week, the tech crackdown in china and more and also the day the checks go out for the child tax credit for american families. >> we cannot wait, looking forward to that interview. looking straight to the market tech pulling back, energy also underpe underperforming. mike is tracking it for us. >> the weakness in tech giving back some of the gains this year is the difference in the story today, otherwise similar, more stocks down than up, small caps underperforming, treasury yields lower. but overall kind of staying in this churning range we've been at for a while the s&p is basically where it's at two fridays ago, so essentially almost two weeks ago. also i've been pointing out about 4383 level is that 100% gain threshold from the march 2020 low so we're in this give and take area where there's been a little bit of a rescue by the index that's giving back some today. look at mi

i still have this 3 way, some of it to me for a little less and 40 more before if we feel that the policy was in even if was in janet we leave you in addition to that you cause the both the golgi he resist please will you hear the position of who it is, he does it. it is also that those who look to find those, he said fuzzy, i will remove the cook for quite a bit much for me if you can give me a 2nd that will should have got the image is concerned because people have lost the memory care on so yeah, we'll talk about what she's talking to me to have you call me, but it's a lot less continuity on this. if people do trick reason for 2 years, so puts money in that for me to someone make me the public. it should be much they have a commercial component as long as they can keep it. i thought it was that it was well yeah, yeah. there's a lot today the are the but i mean, a lot of it, it will be like, was it was you that job it will have. i'll got to go out there. god only got him a little more than a week was soon as you read on the printer to the to me it's wanted you to do a lot of better stick with it. so i don't really

i believe the treasury secretary janet yellen said three or four months tops before all of this starts going the other wayyou in that camp? >> neil, i'm in that camp, and another very important constituent is in that camp, and that's the bond market. so the bond market has the difference between short-term and long-term interest rates is what the bond market uses to predict growth plus inflation for the next seven years. now, that spread or that difference has declined 20% since the middle of march. so the bond market is saying a lot of this is transitory. if you just think about this from a not so fancy-pants interest rate spread point of view and you say, look, it's a lot easier to flip the light switch off for the economy than it is to flip the light switch on x. if you use, as liz mentioned, wall street sell-side analysts, they are the most overly optimistic people in the world -- [laughter] and they have been consistently underestimating the snapback in growth of the economy as we came back. so on march 31st the expectations on this quarter's earnings was 53%, and right now we're tracking close to 70

the way. no serious economist. charles: but just last thursday this is what janet yellen had to say. >> well, i think we will have severalrles: all right. so joining me now, quill intelligence ceo, danielle dimartino booth. and, danielle, i get president biden obviously trying to you know, sort of get in front of these concerns about another 4 trillion in spending when you add in infrastructure but how surprised are you when he said that all of this spending will actually push inflation lower? >> well, we've got empirical evidence, charles, it is staring us in the face that is not the case. so you know, i think, i think to say that is ludicrous. the issue that i have with trying bypass the actual infrastructure bill is that's the part of the fiscal spending that will actually generate longer term productivity and create jobs. and that is really what the focus should be on right now, is this smaller bill that will put people to work. and you know, as far as the $3.5 trillion bill, we can see it with our own eyes. it started with the cares act and paying people an additional $600 a week in unemployment insurance to not wee

the deal stands janet yellen is going to oppose keeping the tariffs on, at this point what would you prefer? >> i think tariffs thatag encourage american competition with china are just fine and by the way know chinese wages have gone up dramatically over the next two decades because of foreign companies coming in a building facilities, now you can manufacture in turkey and mexico and vietnam, thailand, other places and american corporations need to be pushed to diversify their sources so were not so depended on china, as for specific, if they help in that goal, they are very worthwhile. larry: liz peek we cannot thank you enough, terrific stuff. more spending equalsll lower inflation, anyway back to "kudlow" freedom caucus calling on kevin mccarthy to remove nancy pelosi as speaker after she vetoed jim jordan from the goofy january slick and hogan gidgly select committee jim jordan come talk to us, how about the cleveland guardians what is that, we will tell you, we're "kudlow". ♪ ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find m

the endorsement by 30 nations of setting a minimum tax rate. janet yellen is there. she will be in attendance at that meeting. afterward she will make her wayls for a meeting with the euro group. at 11:00 am u.k. time, christine lagarde along with andrew bailey may appear on a panel discussion about digitalization and intangibles as part of the annual conference of the global forum on productivity. at 3:00 p.m. u.k. time, u.s. wholesale inventories data will be released. coming up on this program, the stocks we are watching, including the luxury space. more m&a. ♪ anna: welcome back to the european market open. eight minutes onto the start of friday's cash equity session and futures point to the upside. now let's get stocks to watch. let's get to the story, what can you tell us about luxury? >> still room for m&a. the owner of gucci is going to buy lindbergh, the danish eyewear maker. analysts suggested could be worth around 300 million euros. it does follow the ray-ban owner buying the larger company grand vision. kind of a defensive move. it is a huge market, the eyewear market. this total eyewear market is worth around $140 billion globa

the united states, and other places. we will have a fairer way of taking your own decisions from taxation and we are not anymore and forced at what the others do. >> janethairs of the ways and means of committee, democrats, they think they can get republicans on board to pass this? republicans do not like an increase in taxes. >> what is true is united states already has a tax guilty which is similar to what we agreed on the global level. i think there would be good reason for many members of the congress to support this new international agreement because it is something which is a continuation and making a good agreement on the global level. now it is a good reason, also for the congress. it would mean they can take their own decisions on taxation and not be afraid because in some countries there is a lower taxation, as it is in the united states, this has negative impact on the strategies that could be followed. >> let's talk about some of those countries in the european union. ireland, hungary, estonia, they are not on board with the minimum global tax. how will you get them to sign up? >> 130 states agreed, more than 90% of the world gdp. this is s

the capabilities in a nuanced way to make sure we don't have a cyber escalation. neil: theresa payton, former white house information officer. and we're getting word from janetect ireland would be among them. and they have the lowest on the planet and why the businesses reincorporate there and these are the powerful ministers way of saying, that you can run, but you can't hide. the problem with this, i have not seen the details of the report, is that it disproportionately affects u.s. multinationals, particularly technology giants that europe has been itching to go after for know the paying more taxes in the past and they should pay it now so it puts the u.s. potentially in the embarrassing position that acknowledging, yes, this global tax will indirectly affect american companies, but that could be deemed a good thing longer term if those american companies can't hide or hire workers abroad that they could sooner hire here because they can't escape the tax man. and it may be europe's thinking and liking that they got exactly what they wanted. didn't they? a little more after this. >> i want to bring you an update. this is coming via some smart phones, you k

the way of his being reassure pointed? >> well, you know, neil, there had been this kind of divide in the rhetoric between the white house and janeten administration who were saying we're really not sure yet, so what we can assume from hearing these headlines hit is that janet yellen has done her job in the background of selling the president and the administration on the mariah carey merits of the continuity factor of keeping jay powell in office and how the lack of disruption in terms of changing potentially contentious senate confirmation hearings and what have you. i think what you're seeing is the need for stability to come through at the beginning of the year, his term ends january 31 and i think that this administration has already seen enough volatility that they don't want to create another disrupted event that's going to upset the economy or the financial markets. that be my takeaway, neil. neil: got it real quickly, then, john the same subject. he can be reappointed. it doesn't mean that the senate will go along with that. elizabeth warren and others are not big fans of his. what do you see happening even if he is reapp

janet yellen, talking to allies about having a united front against china. there has been a consensus in the u.s., from both the democrats and republicans, that a hard line on china is the wayyvonne: to the latest headlines, we are looking at bloomberg learning apple has asked to build as many as 90 million next-generation iphones this year. a sharp increase with 2020 shipments. apple has kept a consistent level of around 75 million units for a launch device. this year's update will be more incremental from the ipo 12, focusing on display improvements and processor in camera. china's regulators crackdown on overseas listings. it filed to go public in the u.s. last month but is concerned about new roles from authorities in beijing and potential delays to its ipo. deliberations are ongoing and it could still proceed with the u.s. ipo. david: a brief look at the biggest movers. korea is on the back of a report of a jv. that is the story. biologics, 130% net income. getting a downgrade from citi and toho is out with good earnings out of tokyo, up 7%. uneventful morning session in tokyo. .2% to the downside. the big story has been the rbnz which we will talk about. japan heads i

goodall and his wife janet are wearing these signs making sure they answer any questions that their neighbors might have about the vaccines. >> i like this. i think that this is the wayple who are able to do it. they are trusted members of the community. they're having a very personal touch. >> he's knowledgeable. he can answer any questions. >> yep. they're not in a rush. >> they are not. sit down. >> let's talk about why you're not vaccinates. >> let's have some tea. >> some lemonade. >> let's just chat about some stuff. including the vaccination. >> we'll eventually get to that. after i soften you up. >> that's how you do it? >> yep. >> that couple could sell me on anything. they really could. what is this? nothing at all? >>> good morning, america. overnight, crews bring down what was left of that collapsed apartment building in florida. the rest of surfside standing tower demolished. >> it really needed to come down because it was impinging upon the effort to rescue everybody in that pile of debris. >> a new building evacuated. nearby cities launch reviews of their high-rise buildings as that tropical storm takes aim at florida. elsa on the move. ginger is track

the reach of u.s. law. now janet talk about a skilled lawyer, you knew and i actually knew to i went to harvard law school and i knew you couldn't build a prison that way and have it run by americans bear. and i knew that was not constitutional and it took the supreme court several years to come to that conclusion. folks there are entitled to lawyers. maybe there is something i didn't understand but soon after 9/11 basically that was it maybe i'd be putting the country in danger. we made a huge mistake to set it up there. we brought people there who had suffered torture that didn't meet john u's definition so in many cases or in some cases these folks were waterboarded and we learned that was one of the techniques that we can talk about that too. i was briefed on that and other things that would not comply with the u.s. definition of torture so in legal jargon the evidence to the extent it was gotten was tainted because of the improper means were used to get it so people go to guantÁnamo bay down to 40 high-value targets and one of them the mastermind of 9/11 the guy made khalid sheikh -- khalid sheikh hamed, we kept them there. they have lawyers and w

. >> and janet says he started to settle down, moved in with jesse's family and quickly bonded with her dad, a vietnam that. he was the one who suggested the military might be a good way for vince to get on the straight and narrow. so vince joined the army in 2005, he was 21 years old. >> this is a boy who's gone from baggy pants and spiky hair to now he's going to have the military cut in the uniform. i mean, that's like a one 80? >> it is a one 80. it's what he needed. >> you must have been very proud of him? >> i was always proud of him. i'm still proud of him. >> with vince career heading in the right direction. he took another big step and popped the question. jesse said yes. >> there was a connection between them to, they loved each other to death. they would argue, i think they had just argue to make up. >> some people say that that's the best part? >> it is. >> after the wedding, kids soon followed for the happy couple. two girls and oh boy. as a sergeant in the army, vince spent a lot of time overseas so it was up to jesse to handle the home front and take care of the kids on her own. >> it's not easy having a husband who is away. it takes someone special to

janet yellen is the treasury secretary and she might have some influence here. where does she stand? kathleen: she has said she and jay powell have a very good working relationship. she also is pleased with the waye has guided the economy through the pandemic and a lot of people -- not just -- people on both sides of the aisle, democrats and republicans, saying jay powell is doing such a good job, but she said -- would you support a second term for jay powell? she says i will have to discuss that with the president. shery: if powell has done such an admirable job, why isn't this more of a no-brainer? kathleen: politics i think, to a certain extent, and just a vision for many people of how they think government officials should look. who should they be? this is a chance, according to the bloomberg sources we spoke to, to kind of put -- not just put biden's stamp on it but to please some camps of democrats, particularly looking at progressive democrats, and that leads us right to lael brainard, who has been working with danielle in, jay powell now. she is seen as someone was passed over for that treasury secretary job by joe biden. she is a woman. she is tougher on banks. that is another thing tha