like hakeem jeffries. let's face it he has had a bad week.ear hitch. that means he is going to have to wait. he is going to have to wait. but can you imagine they have dual incomes in the jeffries family. both he earns good money, his wife earns good money, and yet they aren't living off of the generosity of the new york city taxpayers. and unfortunately there is a sweetheart deal that was created a wild back helps the real estate developers who have their condos and he has got to pay his fair share. if you want to lead and set the example what is typical, do as i say, not as i do democrats, republicans, they believe they are entitled. and you notice his excuse was don't reveal where i live because of january 6 people may be stocking men hunting me down. let me tell you something if hakeem jeffries walked down the street you cannot pick him out of a lineup. elizabeth: so he pays like $53 a quarter or so in property taxes. pink two and 50000 hours or less since two. this abatement if you have a 20% of your apartment set aside for affordable lo

jeffries, we have been talking about this one.ing the most in two years after fixed income trading revenue tumbled 50% from a year earlier. sonali has been covering these earnings. you are saying it is like your super bowl week. some lost momentum before we get to some of the other players reporting later in the week. tell us more about the quarter. sonali: volatile numbers are expected, but it shows you how much wall street has gotten used to record after record. the 50% decline at jefferies is not expected at some of the bigger firms. jp morgan, analysts are expecting a 16% decline in fixed income trading. but investors need to start getting used to more normalized trading environment. in this quarter, you will have investment baking making up some -- banking making up some losses but not all of them. jp morgan, they are expected to bring in more than $3 billion, but still expected to be slightly less than what they are going to be making at that trading division overall, even with muted expectations on what those numbers could

back up off of us. >> congress pln jeffries, w congressman thanks for being with us.ll the passion and concern surrounding this issue, is voting rights legislation dead as it currently stands? >> it's not dead and we have to continue to press forward in the spirit and out of reverence and respect for the life and legacy of dr. king. with the fierce urgency of now until we can get the john robert lewis voting rights act and freedom to vote act over the finish line. you know, anderson, in a democracy, there has to be an equilibrium, a balance between majority rule and minority rights. what we have in the senate right now is an aversion of this basic principle. we have minority rule and the will of the majority of the american people is being subverted and obstructed when it comes to this sacred, special right to vote and we cannot rest until we get this situation resolved. >> but as for right now, it doesn't seem like there are the votes to pass this current iteration, correct? >> as i understand it, there are ongoing conversations with both senator manchin and senator

jeffries and ruben gallego and eric falwell and others, - hakeem jeffries and ruben gallego and ericaguilar, we took off our suit jacket coats _ aguilar, we took off our suit jacket coats on _ aguilar, we took off our suit jacket coats on the — aguilar, we took off our suit jacket coats on the house _ aguilar, we took off our suit jacket coats on the house floor— aguilar, we took off our suit jacket coats on the house floor from - coats on the house floor from the for some — coats on the house floor from the for some of— coats on the house floor from the for some of ever— coats on the house floor from the for some of ever done _ coats on the house floor from the for some of ever done that. - coats on the house floor from the for some of ever done that. and i coats on the house floor from the i for some of ever done that. and we were _ for some of ever done that. and we were ready— for some of ever done that. and we were ready to — for some of ever done that. and we were ready to try _ for some of ever done that. and we were ready to try and _ for some of ever done that. and we were r

congressman jeffries, thank you very much for being with us.ieve you heard at least part of what congressman knells was saying, but i want to ask you, you were on the floor of the house on january 6th. what memory do you take away from that day? >> well, what took place on january 6th was a violent attack on the congress, the capitol and the costitution, and it was, of course, incited by the former president of the united states donald trump who, for several months prior to january 6th, had perpetrated the big lie that he actually won the election and that itself stolen from him. he radicalized millions of people across the country, and some of them showed up on january 6th intent on effectively overthrowing the government and trying to halt the peaceful transfer of power. it's a day like pearl harbor and bloody sunday in selma, alabama, and like jept 11 that should live in infamy here in america and throughout the world. .>> woodruff: as we said, you were there on the floor. how close did it come to being even worse than it was? ultimately, th

i mentioned hakeem jeffries and maybe others.ition to step up for nancy pelosi should the seat become vacant for her? >> speaker pelosi has been a powerhouse leader for democrats and as you mentioned a ball of energy. she is a fantastic -- >> harris: who is next? >> we know the democrats have a bench. a lot of people to choose from. jeffries and schiff are great and a number of other people. one thing about the democratic party we have options because we have leaders, plenty of whom have great energy and are excellent fundraisers and great leaders for our parties much like speaker pelosi and the legacy she will leave. >> harris: if you guys get a red wave does she stick around in the minority position do you think real quick? >> politics is very difficult to predict. we don't know what will happen in two months let alone next year or next term. i certainly hope that speaker pelosi will stick around and continue to be a great supporter and leader for our party. we'll see what happens. anyone else can rise to the occasion. >> harri

that is when you and your democratic colleague jeffries coauthored a letter to doj inspector generalting an investigation into the doj's imprisonment of michael cohen after he expressed a desire to exercise his first amendment rights to publish a book. i am curious, congressman, whatever came of this and should or could michael horowitz or even the head of the doj at that point attorney general bill bar, could they still be held accountable? should they be? >> is possible. the department of justice is one of those agencies that doesn't often tell you if they are conducting an investigation and you really won't know what is happening until something happens. we will however follow up on a letter. it is a new administration, new department of justice. hopefully they can look at this situation with fresh eyes. this is very alarming. you had the former department of justice essentially put someone in prisonery specific who will be very interested to hear what you just said that being michael cohen. i know he is tuned in right now listening and i thank you, my friend. for all of you on th

it was co-authored by two representatives in congress, jeffries and lieu.me. where's that stand now? anything new? >> so let's just separate that out. as far as my lawsuit against the united states government, trump, bill barr and so, we've now served quite a few people in that, including trump himself. we obviously served bill barr as well as, you know, michael -- who has resigned, as well as a whole slew of other people. so that case is proceeding forward. government has 60 days within which to answer, so we're waiting for that, and of course i'll keep everybody updated once that answer comes in. i'm sure it's going to be a doozy. but the ted lieu, hakeem jeffries letter, so far since you brought it to the forefront, it's been crickets. now, i want people to understand, and i said this before, and i think it's worth reiterating, that matter, the fact that it was okay for a president with his corrupt attorney general to weaponize the justice department to go after a u.s. citizen because they didn't want me to publish the book "disloyal" or to talk to socia

and i'm pleased to yield to chairman jeffries. mr. jeffries: thank you, mr. whip. i thank you, madam chair, for your leadership, to all members of the congressional black caucus. the right to vote is precious. the right to vote is sacred, the right to vote is central to the very integrity of our democracy. you can't have a government of the people, by the people, and for people unless every single american has the unfettered ability to choose their representatives and fully participate in american democracy. the voter suppression epidemic that has been unleashed by the radical right is unacceptable, unreasonable, unfathomable, unconscionable and un-american. we must crush it and we will crush it. that is why it's essential, it's important, it's necessary, with the fierce urgency of now, to pass the joe manchin freedom to vote act and the john robert lewis voting rights advancement act. by any means necessary. including reforming a filibuster rule that is dripping in racist history in defense of slavery and jim crow. on this issue, make no mistake, when it comes to

it will be more difficult given jeffries analysts talk about breaking up unilever.s is very different than the vision. it is going to come head-to-head possibly with this activist investor. francine: when you look at some sectors, i don't know whether we will see a lot more shareholder activism in specific sectors or whether that is a fairly young phenomenon, and what that means for fixed income or corporate bonds you want to buy. >> that is one thing, there is more tension in it. why is that? the last two years in particular , companies have built up a lot of -- we saw big m&a transactions. in particular, may be other corporate buyers. companies are looking and that is something to watch out for. you also need to look for companies changing control which means you could return the bonds . the credit policy would deteriorate. generally companies do not have that protection. it is something to be looking at carefully. it can easily be supportive and credit quality is improving. it is something as investors we need to watch very carefully. tom: an environment where th

if left holdss on the house, the chair jeffries is favorite to lead the party. agree that the first female house speaker successor should be equally as historic, jeffri es would be the first black speaker. moderates are pushing for a leader who could pull the party together. squad members are reportedly not too focused on the changing of the guard. we'll watch carefully about that. >> todd: intrigue there, thank you. take a look at this shot, blizzard-like conditions for president biden and his approval ratings. he faces stalled agenda. joe concha joins us with more. joe, which of the myriad of issues facing you in 2022 is your biggest landmine? >> joe: right now, i never thought i would say this a year ago, it is covid, todd. this is something, the administration said they didn't see coming with this particular variant. it is so damaging for the president and his team, team that was supposed to be comprised of the adults in the roo experienced adults. it is pathetic. you have the president on the beach, while on vacation, wearing a mask while the first lady is

for myself from experience i know. >> harris: i keep hearing hakeem jeffries.ame, two or three? a bench usually doesn't have one been much person. >> we have a number of people. the progressive black caucus. congressman adam schiff. we have a wide variety of talent and people who are serving right now who can serve the party very well can strong leadership skills, amazing energy and excellent fundraising. >> harris: a little talking pointish but that's okay. do they have to be far left or are there any moderates you like? there are some other people out there who maybe aren't as far left as the ones you've mentioned. >> the democratic party is a big tent party. we have everyone and we welcome everyone to the dance. >> harris: wow, matt. >> that big tent must not reach arizona or west virginia. over in the senate they are -- the big tent might have a few miments. i don't believe the announcement was a coincidence. it will take the heat off the 29 retirements. and so look, i was through this in 2018. one of the most sure signs where a party is headed is the numbe

walk me through the jeffries numbers and what the take away is for the sector.id biggest take away is that wall street has gotten very used to hitting records. we are seeing jeffries which has been doing extraordinarily well in trading, finally see that slump in fixed income trading and that jump in investment banking, which many banks are expecting is not offsetting total revenues. even with a 5% rise in investment banking, you have a 3% decline in total net revenues. that is really the big question moving forward into the bank earnings. how much will some of these businesses offset the declines in others? alix: that chart is very stark because we kind of knew this was going to come down, that trading revenue was not going to be the same as what we saw in 2020, yet it still is somehow surprising the market. i wonder, how are we going to be set up into friday? sonali: one interesting thing is what this means for consumer banks because finally, consumer businesses can shine a little harder. credit card loan balances have gone up as we have seen for federal reserv

pick up a slack, that would be okay, but for every bank that's been good, there's a jpmorgan, a jeffries, consumer names collapsing from nike to lulu so the question is do we churn and roll further i think it's the latter. >> the s&p 500 today was basically flat, the dow down a couple hundred, nasdaq basically flat as well, but you look tess plus plus/minus, that tells you, as you said, the percentage the stocks in the s&p 500 more than 10% off their highs, these are the things that internals, pete najarian, that we have to pay attention to when the market is churning, as carter put it. >> no question i think so many are following the charts these days of people like carter, and for the wight reasons. these charts have been very, very incredibly accurate, so it's something i think we all have to be very aware of that being said, one of the reasons i loved this past year, we had this rotation throughout the year that i thought was very, very healthy yes, we had some falls to the down side, but i loved the rotation there were some sesctors that screamed all year long, but the reality is i

. >> pues, ya escuchó al oficial jeffry quiñones, por favor si usted recibe llamadas informe el departamentoistórico, la beatificación de cuatro mártires, dos de ellos sacerdotes, tenemos los detalles con samuel. >> hola ¿qué tal? es un gusto saludarte desde la plaza el divino salvador del mundo desde la capital donde se llevan los preparativos para este evento de la iglesia católica de mañana. >>así luce el lugar donde mañana se hará la beatificación de cuatro mártires, tres de ellos acribillados y el cura también por la mismo a razón y son considerados mártires de la fe. >> por su defensa de la vida y luchaba y hasta peleaba por la vida de sus catequistas. >> es una buena noticia de la situación que vivimos y de muerte inseguridad del futuro. >> la ceremonia será ante unos 5 mil invitados especiales. >> es una gran bendición para el pueblo, muy grande. >> Él era una buena persona. >> como vemos, hay expectativas porque podrían dirigirse a la santificación por parte del vaticano siguiendo el camión de llamado son romero de américa. >> muchísimas gracias samuel arias y en casa no se vayan po

and i reached out to hakeem jeffries, and i went to see him, and i want to see cori bush, and ice saw her -- i saw her, and i want to talk to aoc because i believe we can work together. it depends on them wanting to work with us. like i said, i have no points of reference because i can just got here. but this bipartisanship that president biden promised is not playing out, not out there. and i could say that i'm one of the most bipartisan members in congress because, you know, i represent one third democrats, one third republicans, and one third independence, so i represent everyone. and i'm very conjures of who vote -- conscious of who voted for me. and some of those people would like to embrace some of the ideas that the democrats have. so i've been reaching out to them. i cosponsor and make different legislations with some members of the democratic party. so hey, we're all americans, the best system in the world. so let's enjoy it. olivia: now i want to pivot, and more broadly ask you about how the gop is appealing to women voters. you know, we saw earlier this month, virginia with

it is been nothing but the opposite jp morgan, goldman sachs, brokers like jeffries, cowhan and it ispposite way so financials have being rerated lower will go flat the first chart is xlf and you see the well defined down trend and this is xlf relative to spy. we've hit this line four or five times and i don't think anything of more of the same, likely to continue to fail at this line. second is xlf, the last chart of the two, itself. and it is talking about a well defined channel. we have moved from the top to the bottom this is the channel over the past ten months. and so at the bottom it probably sort of starts to meander and do nothing. i think xlf were loved, now they're not interesting if you will and so betting against volatility. >> so the technicals line up tony, what is your take and is this a trade you could be inclined to make >> it is because this is really a question of timing iron condor in order for it to profit, the asset needs to trade sideways an that is always tricky to identify because a lot of traders tend to put on iron condors once they've seen the training ran

hit -- >> you're talking about jeffries's research. >> let's go back. >> 38 to 45 hundred people, weed about they have the operating so we'll see 2022 certainly seems to be -- perhaps a bit more challenging. >> in mexico, jane frazier certainly continues to move ahead in the plan, what do they call it, strategic refresh is w what. >> that's why i brought it up, and which vikram was running the bank pre-frazier i remember he was asking, what should we do to show how international we are i said, why don't you hold an analyst meeting in mexico city they are actually thinking about it it was so huge, but the problem was i was doing some business in mexico, and i wanted to use citi, and you couldn't >> they're. >> citi was so. >> i have to tell you that the, it absolutely nothing. >> $133 billion market value, you know >> blackstone is bigger than city >> we'll talk more about the. >> >>> we'll get cramer's mad dash, and as futures are off the morning highs. >>> nasdaq has put together back-to-back gains for the first time since september 27th. asia traded well overnight actually some lig

jeffries has allowed staff to work from home until the end of this month as covert infections continueeo told guests -- rishaad: let's look at chinese markets as we head into the lunch break. the usual suspects involved in tech. alibaba is inexplicably moving to the upside and shrugging off negative sentiment. we have bondholders. they are yet to get their coupon payments. that is part of >> going on with the whole developer story where we are seeing a rebound taking place in this particular industry. the rebound is taking place for no clear reason. we have people saying they have not seen anything as to why people are building gains. there we go. quick look at the mainland benchmarks. we are currently moving to the downside. the worst start for the new year since 2019. investors did lock in some profit on some bets. there were not that many to be had. this is bloomberg. vonnie: 10:29 p.m. in new york. at&t and verizon say they have agreed to a delay of 5g deployment. the carriers vowed a day earlier to go ahead with launching new services, in defiance from a request from officials. u.

jeffries is overall trading the revenue with the company blaming challenging market conditions. that is your bloomberg business flash. francine: thank you. not looking at major moves today, but these prices have seen their biggest gains. monetary policy is getting louder. the fed says that getting inflation down to 2% is crucial. james bullard also says he believes the fed should have four rate hikes this year. they have been telling bloombert year. >> there is a fear that inflation was going to have -- comes in higher than expected. >> it met expectations. >> the question is what is the rate of inflation over the course of this year. >> inflation is significantly above what the discount is and the fed target. it sends the message that we have been getting from the fed. >> there is not enough in these reports to stop them from pursuing a hawkish path. >> they seem to want to address the -- in the fed. >> there is nothing stopping them from going large accept these outliers. i think they are ready. francine: we are joined by wei li, the global chief investment strategist at black

>> as you know, jeffries has always been seen as a bit of a bellwether for the rest of the big banks.rgan, citigroup and wells fargo reporting tomorrow. analysts are saying the weaker trend in fixed income is a general trend that we will see at these other banks as well. remember the jp morgan copresident last month said that on the trading side they were expecting results and for the quarter to be down about 10%. that included fixed income going down and equities to be about flat. but the saving grace for these banks obviously will be that m&a advisory, saying all last year we hit a $5 trillion worth of deals and the banks are very much expecting overall about 15% hike in the fourth quarter on m&a but about 10% down on the fixed side. manus: the market lived through some of these, so get ready for a pretty stupendous first quarter. they want to kickoff the sale of their retail -- mexican retail banking. what do we know about the interests on this? >> she came out last year and said they're getting rid of 13 retail markets across asia as they focus around wealth hubs. this week they a

. >> all that said, all the worries about it, travel is doing well again jeffries initiates carnivaldelta was named a top pick jeffries, delta top pick for 2022 air traffic has bottomed, they said >> look it, if you are walking around with omicron, then you can imagine we're going to burn through a lot of people if you want to be vaccinated, fine, i've done that, i've preached that, done that, even my wife is, like, jim, stop it if they don't want vaccinations i'm in the shut up camp. but we're going to burn through this -- remember the class you had to take where you had to do the expo nemplgally, you know, times ten, we're getting that. when a mill won people are spreading it, because the cdc told us we're not spreading it, man, you have a pandemic on your hands. >> yeah, one thing people don't intuitively get is exponential decline, which is a function of exponential increases. i think itle happen by the end of january, there's zombie people, they're infecting people, it's about the second line underneath. you want that to be very light, and you have to wear a mask, but, you know,

paul: sean darby, jeffries chief global equity strategist. thanks for joining.set manager huarong is set to resume trading later on. huarong almost collapsed before getting a state backed bailout. stephen engle is in hong kong. i guess in the end, huarong did prove to be too big to fail. >> perhaps too big to fail, unlike evergrande. a private company that is obviously going through it rigor mortis. huarong back in april, those shares were suspended because it delayed its full-year results, which ended up being a record loss of about $16 billion and was on the brink of collapse. that bonds tanked and subsequently in this turnaround since april, we have seen state backed consortium of investors led by citigroup recapitalize this company to the tune of $6.6 billion. keep in mind, the number one investor in huarong is the ministry of finance followed second by state backed civic groups. in that sense, it was too big to fail. but, it is still big, just smaller. more streamlined. the new iteration of huarong, which was set up in the 1990's to dispose of bad debts ama

jeffries. the speaker pro tempore: the gentleman is recognized for one minute. mr. jeffries: mr. speaker, we are here today defending our democracy for one reason and one reason alone. it's because the radical right has decided that the only way they can consistently win elections is to engage in massive voter suppression. the right to vote is sacred. the right to vote is special. the right to vote is sacrisanct. there are people who died, lost their lives, shed blood to make sure that black people and everyone in america could vote. we're not going backward. we're only going to go forward. you better back up off of us. we will pass the john robert lewis voting rights enhancement act and we will get it to joe biden's desk and we will end the era of voter suppression in america once and for all. the speaker pro tempore: the gentleman reserves. the gentleman from illinois. mr. davis: democracy -- ending democracy $7.2 million at a time. mr. speaker, i'd like to yield two minutes to the gentleman from wisconsin and member of the house administration committee, representative steil.

it was interesting to see jeffries downgrading nestle. charlotte ryland, ccla investment co.-- ccla investment co-head, joining us now. do i want to be in european cyclicals? charlotte: i think it depends on why using the fed is raising rates. the fed is moving from a situation in which they had emergency low rates because of the pandemic, moving off that level, and they are worried about inflation and making sure they are keeping those inflationary pressures. they are not doing it because we are seeing enormous consumer or economic boom. most of the economists we are looking at are saying that we are moving a bit slower this year because we've had a lot of the reopening, that fiscal stimulus we saw last year is coming off. the consumer is getting more expensive. so it is a slightly more difficult environment, so to read into that that we have a cyclical boom because rates are going up i think is looking slightly in the wrong place. something like european banks, they depend on what the ecb is doing. it makes it a very difficult situation for banks. alix: if we wind up seeing

are pushing for workers to stay home this month and goldman now eyeing january 18 for a return and jeffries the end of january. jp morgan and citibank encouraging people to work from home at the start of the new year. all of this depends on if schools wind up staying open or return to a remote environment. can we stave it off or is it coming? time for our stock of the hour and tesla, another record for this company, blowing away wall street estimates. it's shares soaring in response top kriti gupta is here to look at the numbers. what was surprising is the number but they did not get weighed down by the same kind of supply issues other automakers had? michael: look at them -- kriti: look at the number years over here -- look at the numbers year-over-year compared to 2020. analysts were expecting a big beat but not quite as big as this. alix: let's bring this -- apple finally hits the $3 trillion in market cap value. the magic number was 18286. we hit it. it's just a round number but it has climbed 38% since the start of 21. kriti: tesla and apple are the two index contributors not just this

jeffries, $200 in property taxes this year on his $1.2 million condo in brooklyn.ty homeowner pays around $5,000 in a year and property taxes. the tax break comes to a law that jeffrey supported allowing homeowners to pay a fraction of that tax if developer set aside departments for low-income families. and it cost up to $1.6 billion a year. and calling out the nba for its lack of response to the golden state warriors co-owner who said nobody cares about china's human rights. listen. >> i could not see a statement from the nba. i saw a statement from the warriors, but the one thing that really caught my attention, there was not one time that they mentioned this because so much business and going on in china that they didn't want to mess it up. and i think it is a shame. >> carley: a shame indeed, the warriors made a comment and quick to distance himself from them. the team saying "he does not speak on behalf of of our franchise and his views do not reflect those of the organization. >> todd: to an incredible sunday in the nfl playoffs, the chiefs outlasting the buf

. >> philippe houchois of jeffries i know you have a long day ahead of you we appreciate you taking thee thank you. >> thank you. >> you're very welcome. >>> with coming up, what the booming demand for semi-conductors may mean for you and your money. as we take a quick break, here are some other headlines american manufacturers and other companies are still dangerously low on key supplies and components some companies are down five days for chips, 40 days prepandemic. that was quick. >>> mark zucker beagle's quick decisions already falling out. >>> amazon has reportedly abandoned its campaign of paying employees to share positive views on social media to increase staff meantime amazon has also suspended a program that offers warehouse workers up to $5,000 to quit after a busy ssoean. the program was designed to reduce the company's work force after the holidays "worldwide exchange" is back in a moment >>> welcome back the overall semi-conductor is not immune to the market fluctuations at all. by the way, there's some of the 100 pregainers there they are marvell, microsoft, and nvidia th

thank you, as always, hakim jeffries. >>> joining me is amani gandhi. >> thank you for joining us tonight, ms. gandhi. president biden says he will -- many conservatives, of course are seeing red over it. >> that's a good question. one of the thing i find distressing is somehow. >> that's not the case. the women on the short list are very qualified. justice brown-jackson now sits on the d.c. circuit court of appeals. she was elevated to that position when biden 257d merrick garland to become attorney general general. there's cheryl eiffel, who would follow in the steps of thurgood marshall. >> and would follow in his footsteps. and i believe earl warren didn't come off the bench. there's been several supreme court justices who didn't come off the bench. there was even one who didn't graduate from high school. i would like to name another couple more people. candace jax son is on the 7th circuit. these are women who are eminently qualified. at a block woman who we want to law school, consist listenly underestimated, consistently viewed as a diversity pick, i know what it's like to have to

maybe hakeem jeffries, pramila jayapal, what it means for the direction of the party, the ideology ofarty. we have seen these fights for weeks, for months between centrist democrats and the far left. tom: lisa has some more timely topics here, but i have to digress we are true expertise on chicago. all of us worldwide were appalled by the weekend in chicago of violence and crime. give us your window, your treatment into the violence of chicago. when people speak to you about it, how do you respond? mario: well, it is very nuanced. chicago is a city that i love, that i grew up in. it raised me. it is a tough city to grow up in , but it has some intrinsic problems, whether it is segregation, the legacy of segregation and aftereffects of that as well, but it is sad to see the city in the state that it is. i am hoping it will open up for some type of resurgence there. there are people on the ground in chicago working really hard to make every day better at the community level as well, really taking things, democracy into their own hands, and really going out to serve their community, so i

jeffries: as the member designated by chairwoman lofgren, chairwoman eddie bernice johnson, and congressman sean patrick maloney, i inform the house that these members will vote yea on h.res. 868. the speaker pro tempore: for what purpose does the gentlewoman from illinois seek recognition? ms. underwood: as the member designated by representative castor, i inform the house that this member will vote yes on h.res. 868. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> madam speaker, as the member designated by ms. lee of california and ms. tlaib of michigan, i inform the house that ms. lee and ms. tlaib will vote yea on adoption of h.res. 868. the speaker pro tempore: for what purpose does the gentlewoman from virginia seek recognition? >> as the member designated by representative schrier, i inform the house that representative schrier will vote yes on h.res. 868. the speaker pro tempore: for what purpose does the gentleman from maryland seek recognition? mr. raskin: i inform the house that these members will vote aye on h. resolution 868. th

fact, if you look at that $38 share that kim has made an offer for for bally's that's exactly what jeffriesed to the enterprise value of this company. then another $16 for the interactive and future of this digital business comes into light. like many companies right now they're just not getting any of their value off the sports betting, i-gaming and potential for these companies. >> contessa, thank you >> karen, i will go to you on this i think the dynamics of this is fascinating this guy being the founder of the hedge fund, wants to buy bally's where he is the chairman of the board. >> yes he will have to recuse himself, a board committee not including him will look at this offer but i look at it and think he's trying to steal it legally if you look at his letter he's saying we're giving a compelling price to shareholders. i find that kind of ridiculous, compelling, you mean where it was two thursdays ago? that seems, i don't know i don't really get that. they are also offering it immediately, right, they want to do this deal quick before someone comes in i think the point about game sys

and a few others around me, jeffries, eric swalwell, took their jackets off as well.ged looks and a few simple words about what we knew was probably going to have to happen if they did reach the chamber. at that point we could hear them on the other side of the doors. understand that these are ceremonial doors that were being barricaded with pieces of furniture used to hold paper. okay? so it was not very clear that we were going to be able to keep them out. so i expected that they may get through. >> congressman colin allred, thank you again for your service. thank you for doing what you do and my best to your family in the new year. >> thank you, don. >>> republican leadership first spoke truth to power, stating the obvious. trump incited the insurrection. but that's not what they're saying now. what would happen if they took president biden's advice to heart? >> you can't love your country only when you win. you can't obey the law only when it is convenient. you can't be patriotic when you embrace and enable lies. ♪ baby got back by sir mix-a-lot ♪ unlimited cashba

from jeffries, their chief financial economist.e dear note, and the basic -- i loved your note, and the basic idea is that we need to see out to march, maybe you need to see out to april. how do you glean now what we are going to see in march, which is better news than right now? >> i think it comes down to the household balance sheet. consumption is 7% of gdp, and do consumers have enough firepower to absorb higher prices and ultimately absorb higher interest rates? i think the answer is yes. we all know there's about $2.5 trillion of excess cash sitting on household balance sheets, and we have not put in and that. the reason we haven't is because obviously, consumers are also enjoying very robust wage growth , particularly at the low end of the income distribution. so to clean when prices are surging, when you have any type of price shock, typically you would worry about the low income consumer that is typically very vulnerable. but if you look at last year, your hospitality employee at the bottom end of the income distribution,

thanks so much for being with us this morning enjoy the rest >> thank you >>> now another call on, jeffriesed applied materials and lam research and kla. they say anywhere from 19% to 24% upside to those names. the stocks holding on to positive gains for the year as other sectors within tech are struggling "techcheck" will be back in a bit. inner voice (kombucha brewer): as a new small business owner, i find it useful to dramatically stare out of the window... ...so that no one knows i'm secretly terrified inside. inner voice (sneaker shop owner): i'm using hand gestures and pointing... ...so no one can tell i'm unsure about my business finances. inner voice (furniture maker): i'm constantly nodding... ...because i know everything about furniture... ...but with the business side... ...i'm feeling a little lost. quickbooks can help. an easy way to get paid, pay your staff and know where your business stands. new business? no problem. yeah. success starts with intuit quickbooks. >>> social stocks have for the most part suffered in the past year, with the exception of meta all down dramaticall

. >>> let's get a "gut check" on paypal jeffries slashing the price target to $200 down from 255 the lack of catalysts make for a muted set up in the year ahead ecommerce trends as people migrate back to in-person shopping they also see a normalization and average transaction sizes for paypal the stock broadly underperformed the s&p in 2021 losing nearly 20% and also roughly 40%off of its highs. carl >> d, shares of coinbase shrinking recently bo bofa turned bullish on the name and the main reason increasing signs of revenue diversification beyond retail crypto trading joining us this morning is the analyst behind that call jason, great to have you you talk a bit about subscription revenue becoming a bigger piece of the pie. but overall walk us through the thesis >> well, thanks, carl. multifacetted thesis here. first off, you're absolutely right on the revenue div diversification point when we look at the percentage of revenue coming from nonretail crypto trading that number was about 4% of total revenue in 2020 we forecast that goes to about 16% of total revenue in 2023 and there's

jeffries of new york, saying federal elections takeover bill is inspired by hugo hugo chavez, that ishat he said dr. carson. bernie sanders, chuck schumer, kamala harris, biden, all supporting the filibuster. this is crazy town we're dealing with. >> hypocrisy is palpable and i think that is what the american people are responding to. they're not stupid by any stretch of the imagination. look at the way covid is being handled, it is very obvious that it is becoming more attenuated, the virus, much weaker, yet it still confers immunity against some of the previous strains. that's a wonderful thing actually. they're not grasping that. they're not dealing with natural immunity. of course the reason they won't deal with natural immunity, it eliminates the compulsion to inject everybody with the virus. they will not get in the way to address that. a tremendous mechanism to control people. i think sometimes some of the politicians are just drunk on power and they stop thinking about what is good for the people. you look what is happening to our children by not being in school. it is devasta

there are rumors that hakeem jeffries is the front-runner but it is really unsure.ts are coming out of a transit it seems on this, there is a constant push in media to pretend nancy pelosi 2.0 has been a successful mission. it has not been successful. it has been largely disaster legislatively for the democratic party. they have not accomplish what they want. they pushed for a rather serious agenda given the slim majority in the senate, it has not gone well and a lot of fingerpoints. pelosi has taken side along with president joe biden with the hard left of the democratic party, playing pattycake with them unlike joe manchin. there is lot of anger against pelosi and a lot of anger against their allies. they sense there is coming electoral catastrophe for them with president joe biden with the midterms and they want to blame each other very badly. elizabeth: bobby rush is leaving the house. two dozen democrats are leaving. pew research saying this is one of the worst congresses since 1987. it ranks fourth from the bottom. right down there, a little over three dozen,

. >> harris: some names bandied about, hakeem jeffries in the house, he would be younger, more progressiven't know though, do you pull people out of the house, out of the other districts when you know you will have a red wave? >> emily: of the type of candidate by lies the issue with the civil war of the democratic party. what i mean by that is that if we seek candidates like marianne williamson, nina turner, that is because it is quite obvious and they are being vocal about this that the progressive left feels like president biden has let them down. it is the ones like elizabeth -- elizabeth warren and bernie sanders, those of the ones were talking about it off air. as of the ones were talking about it behind closed doors. they are hoping that biden designed to run for reelection. but the open discussion, the one being held in the public forum, that is the one that indicates how disappointed that progressive is with biden. mike representative ro khanna from california who talked about nancy pelosi stepping down and said that we help the speaker represents a more progressive faction. they'

january 6th anniversary including a conversation with chairman of the house democratic caucus , hakeem jeffrieser the holiday break, but most public schools returned to in-person learning this week. out of nearly 100,000 public schools in the u.s, more than 90% are back with in person classes. but concerns over the spread of covid have led some districts to close for the first two weeks of this new year and moved to virtual learning. about 3500 schools are not back in person yet. that includes atlanta, detroit, milwaukee, and no work. we will look at what is behind those decisions, and that gives me a chance to introduce our new chief washington correspondent, geoff bennett. he has been a white house correspondent, he has long covered politics and other national stories. welcome. we have very glad to have you join us. geoff: judy, thank you very much. it's a true privilege to work alongse you and contribute to the solid storytelling and reliable reporting for which the newshour is known. and as you mention in the introduction, this current spike in covid cases is presenting a real challenge mom

will take her place in well, "the washington post" story suggests that new york congressman hakeem jeffrieseplace her. but said pelosi's departure will likely set off an intense scramble saying, quote, the maneuvers for power has just begun and fights over who else should be on leadership team could pit the factions of the caucus against each other. so let's bring in lola sotomayor who wrote this story on pelosi. great to have you here. you got a quote from congressman ro khanna that i want to read. he said, quote, i think we want leadership that bridges some of the different wings of the party that is committed to listening to all of the perspectives, that will be capable of helping move the senate or things that have stalled in the house, and has a bold vision of what we need to achieve for the american public but whoever it is, i hope they would adopt progressive position and also listen to the broad caucus and build consensus. who is this myth logical creature of which he speaks? >> well, there are a lot of members who are asking that same question. you know, they don't -- they aren't l