back to you, jeff. jeff: thanks, dr. fauci. so, before we open it up to q&a, a quick personnel update. we've named dr. tom hingelesby, who is previously director of johns hopkins center for health security, to lead our federal testing program. the doctor is one of the world's leading infectious disease experts and is internationally recognized in the field of public health, preparedness, pandemic and emergent effectiveness -- infectious disease and prevention of and response to biological threats. sorry, tom. we continue to work across multiple fronts to increase americans' access to testing and we're all very, very grateful for his willingness to lead these efforts. with that, let's open it up for some questions. kevin? >> thanks. we have time for a few questions. let's go to nbc news. reporter: hi. thanks for taking my question. during dr. walensky's opening remarks she said there was a 40% increase in gettings over the previous quee -- deaths over the previous week. does the c.d.c. expect that those cases are delta-related?

and so, so until that will be jeff. this is by the super early days when it was really just still the 3 of us plus his wife working part time. sometimes it will be white. mckenzie, sometimes it would even be shallow, right? if there weren't that many, and we want super hide off in something. this is at a time where, you know, we typically, we were handling, you know, maybe less than 20 books per day or something. mm . 25 years later, amazon no longer sends 20 parcels, but 14000000 a day. the company owns over 250 warehouses and delivered on 5 continents. mm i guess amazon success caught stacy mitchell's attention. she heads the institute for local self reliance research center, studying the evolution of the american economy. for the past 10 years, she's been closely monitoring the growth of the beast. amazon is like, it's like this invisible force. you know, it's got, it's tend to holes in so many aspects of the economy. there's nothing that amazon isn't trying to get into there. now the biggest clothing retailer in the

jeff bass s. he is the 1st 20000000000 people, the latino fortune due back on them as on the fussy so media. to do that, i'm using my resources to put in place heavy lifting and infrastructure so that the next generation of people can have a dynamic entrepreneurial explosion into space. ha. is you're still large enough to satisfy the ambitions of jeff bezos? amazon is the largest store in the world. it sends out $150.00 parcels per 2nd, adding up to 5000000000 each year. it's boss jeff bezos has a single obsession to sell everything instantly everywhere and to satisfy his customers every desire without delay. there are 300000000 amazon customers worldwide today. the multinational company is revolutionizing commerce. and the way we consume it is even succeeded in shrinking time and space. hey. how exactly is amazon taking over the whole planet? what does jeff bezos want that he doesn't already have? what future does the multinational wish to impose on us and at what cost? with our story begins in 1

jeff bezos is a complex character. he's a ceo as well as an investor, but in 2013, he personally acquired the washington post. one of the most prestigious newspapers in the u. s. ah, step by step, the amazon empire extends its grip on the world. he really hid amazon at this point, represents the transformation of the american economy. i mean, you know, the old saying when i 1st came the street and kind of back in the day was what's good for g. m is good for the country today. that's largely amazon as largest market cap company. it's, it's greatly intertwined with the entire american global economy. amazon essentially controls the marketplace. it's not really a market, it's a private arena. amazon sets the rules. it gives the side which companies get the best spots which companies rank in the search rankings. who can even be there, what they're allowed to sell, how they can communicate with their customers, what they have to pay in order to be part of it. the old saying is if it walks like a duck in quiet like a duck, i

jeff: extremely bullish.ok at the set up we have going into next year, equities, stress valuations, come back at bonds are at a high level. record dislocations in markets. you still have a lot of money in the system. finally, if you look at the investment positions, it is very low. what does that tell you? the best place to be right now -- we think you will see another year of outperformance of commodities and real assets. when we begin we go back to the core thesis that we put out in 2020 of october, this is the beginning of a commodity super -- that will go on for years, potentially a decade. tom: the beginning of a commodity super cycle. i want to threat that back in, what is a russian invasion of you came -- ukraine, what does that do? jeff: i think that event alone will not have a significant impact on supplies. kazakhstan is a much more serious direct impact to supplies. i think it illustrates the broader dynamic care. if you have sanctions imposed on russia, that interrupts their ability to bring in su

jeff bennett has the report.rkers in texas report hundreds of applications for mail in ballots are being rejected. one of the early effects of the state's new republican-backed voting law, requiring either a partial social security number or a driver's license number on their ballot applications. that number has to match what is on their original voter registration. the problem is most people do not remember what form of id they initially provided, especially older voters who registered decades ago that is not the only thing causing confusion, says jessica, and editorial director. ssica: people are not used to filling out the forms and they fill them out incorrectly and then there is a problem where the voter role in texas is missing some information from voters. if they write down the incorrect number that is missing by accident, or because they don't know which one or it is missing, their registration will be automatically rejected. jeff: the problem that could have been prevented. guest: the pointed this probl

ah, jeff basis is a libertarian advocating for small government. he values complete, entrepreneurial freedom, unimpeded by laws and regulations. with amazon burned off the social vision that animated so many in the 1900 sixty's. the hope of a better world through consumption through interconnected information systems. that's gone. at least has gone to the consumers of amazon. and it's gone along with my local bookstores. it's gone along with my local shops, it's gone. the civic world is not something that i see amazon carrying about at all . and i think that's a great shame. i think it's picked up on one on one of the core elements of the horse catalogue. but it's lost, whatever, civic and vision animated the catalog. and that's a great shame. me the my name is alex. i'm known shribel. this should been oscar document. wouldn't be like fish been either fish or when they decide john august 2000 if by online. so in that vision when you pick, make a decision of a few says uncommon incision finished in your course and uptime. don't receive. so pick and

so welcome jeff. we also welcome your questions not just at the end of our hour today. please begin to give us your questions as we go along because we want to be sure to include them as we go through our discussion the other thing that i mentioned to jeff and in preparing for today, was that this feels like such a personal book to me because of my generational cohort? i feel like i knew all the characters starting with sputnik, which is one of the first characters in the book and that's because my dad used to tell tales of stopping at a park on the ohio river in our hometown of louisville to watch after work at this big open park sputnik go overhead and seem so interesting and and foreign and somewhat scary as he told has he told the story, but he had grown up in dayton, ohio and been taken to the bicycle shop. where the wright brothers just discovered their concept of wanting to fly. so he always had a thing for aviation then my mother took me to see john f kennedy in our hometown of louisville in 1

with will jeff bezos used this money to counter a less than accommodating europe in 2017. for the 1st time, the european commission decided to attack the company. margaret vis hillier european commissioner for competition sanctioned amazon for its tax management and the commission has today adopted a decision that amazon's tax benefits are illegal. under you stated rules, a tax ruling granted by luxemburg has reduced amazon's tax bill. in more than 8 years, between may 2006 and june 2014. it was not justified. amazon now has to repay the tax benefit worth around. i $250000000.00 euros plus interest. amazon paid the $250000000.00 luxemburg appeal, the decision not all states endorsed the commissioner's approach, nor to the also court other measures that promote tax furnace the thing with with amazon, and we know that from the tax case is that you don't necessarily make profits but you create value, so you create value on the stock exchange, but you don't make profit in your business. so people make money by buying and selling stocks instead of making money by having a profi

so welcome jeff. we also welcome your questions not just at the end of our hour today. please begin to give us your questions as we go along because we want to be sure to include them as we go through our discussion the other thing that i mentioned to jeff and in preparing for today, was that this feels like such a personal book to me because of my generational cohort? i feel like i knew all the characters starting with sputnik, which is one of the first characters in the book and that's because my dad used to tell tales of stopping at a park on the ohio river in our hometown of louisville to watch after work at this big open park sputnik go overhead and seem so interesting and and foreign and somewhat scary as he told has he told the story, but he had grown up in dayton, ohio and been taken to the bicycle shop. where the wright brothers just discovered their concept of wanting to fly. so he always had a thing for aviation then my mother took me to see john f kennedy in our hometown of louisville in 1

the brand new structure wanted by jeff basis. a series of balls sheltering rare tropical plants, like a bio to a 2 point oh, where amazon employees come to work in harmony with a domesticated nature. in total 20 percent of seattle's downtown area is occupied by amazon. ah, in the last 2 years, 40000 new executives from around the world have joined the ranks of the american giant often young and very well paid. they can take full advantage of the amazon way of life and can preview much of the company's innovations. lockers where you can pick up your packages at any time or amazon, go supermarkets, where no check out is required for customers. enter with their smartphone and the computer automatically charges their account to welcome these new comers. luxurious buildings are constantly being constructed. thanks to amazon. seattle has become a favorite city for the american executive class. mm. but at night seattle becomes a completely different city since amazon's arrival with its numerous hires of senior executives, rents and seat

jeff bezos is facing strong states mer. social protections are especially important and where employees have more labor, right? if we'll knock them if you don't fall 8 of them august as plans are built for the last 5 years. verde the main german union has been organizing strikes in the countries 11 amazon warehouses. i am for dr. young. i spoke heights in the 4th amendment. i gave him the workers are mainly asking for wage increases. thanks to these mobilizations, the leipzig warehouse workers have successfully increased their wages by 11.2 percent in the last 5 years. that there's more dollars that goes april 2018. the major german media group axle springer is about to award basil such prize for the most innovative person of the year dirty has called on workers from all over europe to come and protest in front of the building. standing alongside the germans today are polish, italian, and french workers. there are 1000 strong. welcome to berlin. thanks. it's great to be here today and was, is employing 566000 people. you kn

. >>> tonight ace lineup, steve grasso, jeff mills, nadine termen, and pete najarian. welcome, everybody good to be with you the dow dropping 200 points to close out the week with jpmorgan, goldman sachs, american express. together, shaving about 170 points off the endetection that's most of a -- the weakness coming after earns from jpm and citi both dropping after warning of rising expenses, particularly with wages, wells fargo a surprising, so was this a case of traders selling on the news, or is there something more going on here? steve, let's start with you. not lose sight of the fact this is obviously one day's trading, and there are an awful lot of favorable wins, are there not, supporting the banks industry? >> yes, but when you think about banking, tyler, you they about the xlf, the etf for the financial sector of which berkshire and jpmorgan make up about 25%. so if you look at berkshire, it's not really a financial, it owns a couple things there it owns appearing, koch, a couple other names that's the one i would continue to buy jpmorgan, when you think about

jeff: commodities are a late-cycle hedge.best hedge against rate hikes, inflationary pressures, because ultimately when we think about, when you initially hike the rate, it impacts the valuations of equities and financial markets, but the impact on the real economy is a ways out. here is an important point about what creates negative correlation between commodities and financial markets. commodities depend on a level of demand versus the level of supply. if the demand rate slows, you will see pressure on prices. commodity markets depend on demand being above supply. in a declining market come at the end of the business cycle, demand is above supply, which still gives you diversification of commodities going higher as equities are coming off. commodities are a late-cycle instrument to beat back the sentiment of the portfolio right now. shery: how do you factor in the fact that -- remember last year, western central banks were in and easing posture -- in an easing posture, with the pboc going the other way around, how does that

jeff thanks. but up next on "nightly news" concerns about the pop justify covid test sites that don't have the greenlight from officials. but omicron impact on children children. inside the new hospital unit. coming up, lester holt starts right now. >>> breaking news tonight. the major winter storm taking aim as we head into the holiday weekend. 64 million people under alert from the midwest to the southeast and up into the northeast. up to 10 inches of snow there will be ice, wind and freezing rain windchills as low as 40 below zero. states of emergency in the carolinas and virginia we're tracking it all. also tonight the cdc's new mask guidance. which ones provide the most protection and which give the least it comes amid the omicron surge. cvs and walgreens temporarily closing some stores due to staffing shortages and when you could order free tests from the government's new website. >>> tennis star novak djokovic detained in australia after his visa is canceled again. will he be deported? >>>

today, stewart brand, its founder, has a very rich friend, jeff bezos. me affinity between hippies and wall street stop here. ah, jeff basis is a libertarian, advocating for small government, he values complete, entrepreneurial freedom, unimpeded by laws and regulations, with amazon burned off the social vision that animated so many in the $900.00 sixty's. the hope of a better world through consumption through interconnected information systems. that's gone, this is gone for the consumers of amazon and it's gone along with my local bookstores. it's gone along with my local shops, it's gone. the civic world is not something that i see amazon carrying about at all . and i think that's a great shame. i think it's picked up on one on one of the core elements of the horse catalogue, but it's lost. whatever, civic and vision animated the catalog. and that's a great shame. me the my name is alex, i'm long shribel. fish and wouldn't be like fish. been fish are going to say it's john august, 2000 if by online so unlike fish, when you pick it up and you said, unco

jeff was talking about it. deserve rain in february to help us out. >>> it is dinnertime, so we want to be careful talking about this next story, but it's real fascinating. health leaders are monitoring our waste water, the stuff we flush down the toilet. it not only tells us how much the virus is spreading, but whether or not it can be blamed on the omicron variant. today nbc's damian trujillo got an exclusive look inside a facility near alviso. they start by collecting samples in one-liter jugs and then an onsite lab sends a smaller sample to stanford for analysis. >> we got the primary process, the primary process where it settles the slush and the bottom slush is what we collect. that's where we're likely to find the covid virus more. >> so they are really just digging through our stuff. damian trujillo joins us now. sorry to be crude here, damian, but if you can, explain the flow, the process. we flush, it goes into a big tank, and then they take the samples, is that correct? >> reporter: it's very fascina

getting to go to jeffrey's home that had been purchased for jeff's family by a white family because jeff's unable to purchase the home. visiting his school and meeting with his best friend and his best friend's older brother, which was also jeff's coach, and learning about something jeff had never even heard of before about an experience of racism that he had been shielded from by his coach. those were experiences when there was not a dry eye in the room. it was a very powerful moment. amy: jeff, that moment where you begin to break down, where you learned about what was really behind a story you lived when you were just playing basketball. >> yes. i should say that -- i want to say when emily was describing that my parents could not buy their home, not that they could not buy their home it was just that the sellers would not sell to them. that is why the white family got involved and the folks sold home to the white family thinking that is who they were selling it to come up with a white family was actually buying it for us. e incident you're talking about with my coach dick,

jeff, you should be able to get this without a sentence.> well, there are so many pills now, i rely on dave smith for this one. blue pill means -- red pill -- i never saw the matrix, i don't like that stuff but red pill means you are seeing the world clearly even if it's nasty versus blue pill means you have goofy happy blinders. kennedy: we'll take it. it's a to be awake to the mainstream media's lies originating from the matrix. we will give jeff to for that because he didn't need the defining sentence. here we go, one more for chris. catch these hands. would you like it in a sentence? >> i will need that, yes. kennedy: if you cut me off in traffic, now get ready to catch these hands. >> is it like give somebody the finger? kennedy: a little more broad than that, not quite as specific. >> i don't know. kennedy: okay, i won't give you one for that. start a fight, and expression, confrontation. >> oh man. he should have set -- all right i'm embarrassed. kennedy: the next one is balk, would you like in a sentence? >> what was the word? kenne

and then jeff started digging. and he dug and he dug and he dug for 15 years. through the documents and through files that were once sealed. and jeff soon found out that what he was led to believe about watergate and indeed what the nation was led to believe was well. let's just say that there's more to the story. and i'll let him get into that this evening. jeff is the author of the nixon conspiracy watergate and the plot to remove the president. you can purchase your copy in the nixon library's gift shop and jeff will sign it this evening after tonight's program this morning in the washington examiner paul bedard wrote that jeff shepherds quote credibility is hard to challenge. you can see jeff talking more about the nixon conspiracy on newsmax this wednesday morning, and he will appear on the hugh hewitt show on tuesday, november 30th at 8:05. am eastern time now, let's hear from the man himself. ladies and gentlemen, would you please welcome jeff shepherd? thank you, my friend appreciate. hello and welcome. jim thank you for those kind remarks. it's could b

joining me now with their reporting and their insights, npr, cnn's jeff zeleny. jeff, a lot of democrats think biten does need a reset. >> biden isn't as frustrated with his presidency as many admirers are, quite frankly. that's something that weconcern so many supporters or others. they wonder if he realizes how off the country is. he said there is no doubt the country is moving in the right direction. that's not what americans are feeling necessarily. the wrong track number, two thirds of americans believe the country is on the wrong track. that's worrisome. i talked to oneme ead admirer of the president. we showed biden show that empathy. he was talking about accomplishments than feeling concerns of avenue rage america feeling concerns and showing he's adapting them, not just pushing through his legislative program. >> to your point, jeff, there is a lot of disappointment in the polling and when you look where he is in the nbc news poll and latino voters, black voters down by double digits. when he said i understand your pain, i think what your sources are say

jeff: i think the m&a cycle has more legs to run on.look historically, m&a doesn't typically have a good year or two and stop. you have multiple good years and hit all-time highs. all of the leading indicators we can look at like ceo confidence, the availability of financing, the economics, all of it is still flashing green, so i am thinking 2022 is just as likely to see an increase in m&a revenues and a new record year coming off of what was a record year in 22 anyone -- record year in 2021. guy: david rubenstein is talking to bloomberg right now on another of our channels, talking about the idea that compensations on wall street "defy gravity." is this a wily coyote -- a wile e. coyote moment on wall street? jeff: as long as you are producing, you will probably always get paid. that is where it gets competitive. but when revenues are being generated, the people responsible for the revenues are going to be compensated. i think things are getting tighter and tighter outside of your revenue generators and some of those support functions,

it was the rule. >> dan, jeff here. think really important question with so many investors getting passive exposure to the broad market can the broad market continue to rise without technology at its back >> you know, i think it's a really good question, jeff i would say in the near term, it probably can but i think, you know, the reality is, i think there's massive downside risk. i'm talking about a bubble in what you could argue, you know, reaches out across almost 50% of the market so it's hard to think that you're going to see a bubble deflate in that huge portion of the market without it taking down the overall indices i completely agree that when the bubble does collapse, it's going to take down the major indices away from it that's not to say that there aren't opportunities what happens in a bubble, like, people focus on the negative but it creates vacuums and scarcities of capitals in other parts of the markets we have a saying, returns are greatest when capital is scarce. you create massive scarsties of capital

newshour weekend special correspondent jeff greenfield joined us for more on presidential re-runs. >>l, michael, if donald trump truly means to run for office again, for some people that may seem like just another exame of how trump is different from everybody else. but, in fact, several ex- presidents have tried to get the job ba. several have tried, all have failed. all but one. wh president grover cleveland lost his reelection bid to benjamin harrison in 1888, his wife told the white house staff to keep everything in place, because they'd be back in four years. she was right. four years later, cleveland soundly defeat harrison, becoming the first, and still the only, ex-president who won the job again. but several others have tried, both before and after cleveland. martin van buren, ousted in 1840, came very close to winning his party's nomination four years later, but came up short. in 1848 he ran again, as the nominee of the free soil party-- and lost again. millard filmore, who became president when zachary taylor died, lost the whig party nomination in 1852, and ran four yearla

jeff richards is with us this morning. jeff, good morning to you. i just sort of previewed you i know that you like crm and snowflake and part of that has to do with the leadership, right? that's how you're separating some of the names in the software space >> i think as you guys just mentioned we're seeing a bifurcation and seeing investors differentiate companies in the infrastructure space like snowflake, get-lab and those companies are squarely in the middle of the rise of cloud like amazon, google and microsoft are. so you're seeing investors place a premium on those companies delineating against the software names that we historically liked and you see those companies come down in the 10 to 15 times forward multiples and you still see them in the 20 times 30 years next year multiples. some delineation taking place. >> jeff, we have been talking abut so much about the macro environment and how the feds plans on tightening the space and how do you see that playing out in the upcoming year and these high-growth names will have a hard time do you

thanks, jeff. >>> all right. it has been there for 100 years and it is about to earn landmark status. talking about casa sanchez. up next, why the move is a first for the city of san francisco. ♪♪ can you see my wall of smiles? when i first started using genesys technology i was kind of embarrased at all the love and attention i got from my customers. people are so moved by how much i understand about them. they start including me in their lives. that's helen and her friends. i arranged a wellness retreat for them. look at those ladies. such wisdom. mmm. but it's really genesys that helps me understand people and what they truly need. i'm just glad i can help. >>> cal train moving one step closer to becoming all electric. celebrating a construction milestone this morning for its electrification project, workers installed the final foundation for the electric poles. you can see them ceremoniously screwing in the last bolts at san francisco station. now, more than 3,000 foundations stretch across the peninsula. sta

that opens up the upside. >> what about natural gas, jeff?> it depends which natural gas in the world you are talking about. u.s., you have more than enough supply to meet demand. the real problems lie outside of of the u.s., particularly in europe. >> is there an era other than the energy i >> they are all similar stories. the king of all commodities is copper you cannot decarbonize the world without copper it is the new oil, the most important commodity. it is our favorite aluminum is also up there. you can't solve climate change without aluminum but when you produce it it creates the most emissions it has a paradox toet. the metals complex combined with energy looks positive going into 2022. >> jeff, we love hearing from you. thank you for spending time with us todays. >>> look at the nasdaq as we head to break. it's heading to session lows after those fed minutes. off 390 potsin, or 2.5%. back in a moment (♪ ♪) whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hop

clark as attorney general so jeff clark could send that letter and sign it attorney general. now, had that happened, think about it, had the u.s. justice department jumped in the way trump wanted to, the way jeff clark proposed, had the u.s. justice department told republican-led states in formal letters don't send in biden electors on advice from the u.s. justice department you better not do that, how do you think republican legislatures in those states would have acted? it's one thing to get, you know, an off the wall call from trump berating you. right? it's another thing for the u.s. justice department to formally advise you over the signature of the united states attorney general that you must not send in your electors because there's real problems with the vote in your state. how would republican legislatures have responded? we would be living in a different country right now. i'm not sure all of us would be living in the same country as each other anymore, had that letter gone out. that was just insanity. that would have been as radical as trump's plan to send the nati

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let's bring in jeff zeleny. we see that president biden is already there. what's expected at this service today? >> reporter: well, fredricka, the service is just getting under way right now. as you said, president biden, first lady jill biden, former president barack obama, vice president kamala harris, speaker nancy pelosi, senate majority leader chuck schumer and many more are here to pay tribute and honor the legacy of former senator harry reid. this is going to be the a service that will be opened up with remarks from one of his 19 grandchildren. all five of his children also expected to speak, as well as a eulogy from former president barack obama. so certainly harry reid during his three decades in the senate, a fiercely partisan democrat. but here in las vegas, here in nevada, he's remembered simply as someone who brought a lot back to this state. he also had relationships that crossed party lines. he was a very close friend with sheldon adelson, the late casino magnate that was one of the former supporters of former president donald trump. he passe

says it depends on what the strategy the company lays out in its february 15th investor event. >> jeffthe stock is up 20% over the past month. does that make you want to be a buyer? >> no, kelly to julia's point, she hit the nail on head this stock hasn't done anything in five years. it is down 40% in five years it has $5 billion in cash. it has a portfolio from showtime, to nickelodeon, to bet to comedy central. but they need to do something. we are looking for forward guidance i i am a seller here on top of the fact it has had a bounce, if you own it, this is where you sell, sell the rip, buy the dip. >> value investors think this company is waiting and waiting to be opportunistic, waiting for the right opportunity, waiting to see how the media landscape settles. maybe they are a buyer in some cases, maybe they are a target do you not give management more sort of benefit of the doubt here that there is some patience and strategy being employed? >> i appreciate that they are coiled and pooiz poised. but nonetheless it has been five years. this time of laggard i agree there is a value