why jerome powell is having to raise the interest rate by another 25 bases points and that's becausein new spending since president biden came into office over the past two years. and that's spending and, of course, the fed missed the early signs of inflation but that spending led us to where we are today and to the economic situation that we're in i also thought it was interesting jerome powell spent a lot of the press conference what would happen if america doesn't pay our bills referencing the debt debate that is going on in washington right now and mccarthy still trying to get president biden to meet with him. looks like it may happen soon. but clearly jerome powell was warning people that america's failure to get, to pay our bills and pay that on time will have lasting consequences for our economy. at least in the short run. >> bret: yeah. and, you know, it's interesting, brit, it is off to -- we will have that negotiation with the congressional leaders in the white house over the debt ceiling next week and talking about the budget. but the president's campaign launched. he is o

jerome powell has opened the door to a june pause for interest rate hikes. s for the 10th time. powell hinted that might be the last one. but he didn't stop by declaring victory in the fight against inflation. meanwhile, the european central bank to slow the pace of interest rate increases. that is after it referred a measure to ease for the first time in 10 months. officials at the central bank are raising the deposit rate by 3.25%. bloomberg has learned that the european union is discussing a new sanctions mechanism that would target countries that are not doing enough from being sanction. the process would focus on those that cannot explain pikes -- spikes of trade or technology. funds from apollo global management affiliates have agreed to by arconic read there is an equity value of $3 billion. the deal represents a 36% premium to the closing price on february 27 at it make space for other industries. pack west is trying to call markets after a 60% stock plunged which made it the focus of concern over regional banks. it says that core deposits have actual

speaking after the announcement, jerome powell said the u.s.ater chance of avoiding recession but he acknowledged he could not rule out a recession. we can bring in a reporter in new york. good to have you with us. we have interest rates at the highest level since 2007, it is fair to say many people in this country will be wondering and hoping that this is it for now. what is the sense you are getting? reporter: for the first time, we really heard a signaling that perhaps the federal reserve policymakers are prepared to pause interest rate rises, but they were very careful in the language in making sure that this would be understood by economic data. that is a change from previous meetings where it seemed like a pause was probably more likely after this meeting. they seemed to have put in a few more caveats. on the one hand, you see inflation is starting to come down but it still is really high. raising interest rates has had a knock on effect on other industries, notably, the banking crisis. anchor: some cautious language. we have seen three b

inflation slowly decreasing and we see a bit of a contraction of economic growth, exactly what jerome powell folks at the fed say a soft landing, the reality might be that we might have a soft landing if the indicators hold when there holding. >> next new details on the health of the economy and applications of the interest rate hike this week and what's going on in congress as the debt ceiling moves large. >> the american economy is heading for cliff. >> biden senate democrats have sat idly by. >> and hopeful negotiating good thing, please, please mr. president negotiating good faith, please with sugar on top. rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. (vo) businesses nationwide are switching to verizon business

inflation slowly decreasing and we see a bit of a contraction of economic growth, exactly what jerome powell folks at the fed say a soft landing, the reality might be that we might have a soft landing if the indicators hold when there holding. >> next new details on the health of the economy and applications of the interest rate hike this week and what's going on in congress as the debt ceiling moves large. >> the american economy is heading for cliff. >> biden senate democrats have sat idly by. >> and hopeful negotiating good thing, please, please mr. president negotiating good faith, please with sugar o what if there was a community of like minded people ready to support you when you need it most? christian healthcare ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering affordable healthcare cost solutions that could save you up to 40% on your healthcare costs. learn more today at your chm dot org about healthcare that puts you in control. what are folks 6

inflation slowly decreasing and we see a bit of a contraction of economic growth, exactly what jerome powell folks at the fed say a soft landing, the reality might be that we might have a soft landing if the indicators hold when there holding. >> next new details on the health of the economy and applications of the interest rate hike this week and what's going on in congress as the debt ceiling moves large. >> the american economy is heading for cliff. >> biden senate democrats have sat idly by. >> and hopeful negotiating good thing, please, please mr. president negotiating good faith, please with sugar o ♪ limu emu & doug ♪ what do we always say, son? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes y

inflation slowly decreasing and we see a bit of a contraction of economic growth, exactly what jerome powell folks at the fed say a soft landing, the reality might be that we might have a soft landing if the indicators hold when there holding. >> next new details on the health of the economy and applications of the interest rate hike this week and what's going on in congress as the debt ceiling moves large. >> the american economy is heading for cliff. >> biden senate democrats have sat idly by. >> and hopeful negotiating good thing, please, please mr. president negotiating good faith, please with sugar o this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ♪ when you're a small-business owner, your to-do list can be... a lot. ♪ [ buttons clicking ] that's wh

the head of the us federal reserve, jerome powell , said that his department will not be able to protectmy in the united states if the national debt ceiling is not raised . washington already owes $ 31 trillion. if the white house does not find a compromise by congress, then the country will face the default of russia veselovsky with details. the battle over raising the threshold of public debt in america is already going on , two are used to living in a big way and constantly have to borrow, but this time the fight around the public debt promises to be especially principled, the money the american government may run out by june 1, and agree whether it is possible to continue and how much to borrow politicians, while the us national debt is not able to 31 trillion dollars, the threshold of 31 trillion dollars with little change left very little money and the head of the american ministry of finance. desperately, janet paints a grim prospect for default, if congress fails to raise the national debt threshold, it will deal a serious blow to american families and raise questions about our a

kashkari said more rate hikes may be needed this year as inflation remains sticky just days after jerome powell signaled a pause next month. plus, the qatar economic forum kicks off in doha. we will be speaking supposedly with world leaders in business and government. the debt ceiling drama, gamesmanship, game theory continues and continues to have an impact on markets. we have got to the stage where we are moving on every headline. around midnight, u.k. time we have lines from mccarthy saying that progress had been made. we get a rally. then emmons over a new hedge saying this is a republican, mccarthy who is doing more than any republican house speaker has done since 2011-2013. to drive a risk on tone. let me show you where we stand with the risk on tone. we are looking at u.s. equity futures moving higher this morning up .1%. we got the pop in futures to those lines or mccarthy. goldman sachs says we are looking at hedge funds, now buying up u.s. stocks over the past two weeks in the quickest based -- pace since october. we are looking a really tight net short levels in s&p 500 latest. ftc d

but when it's jerome powell who goes and addresses it -- i don't want to say he please.s it to see how bad this would come, that is scary. because he has more information than any of us as to how it's going. and when he is coming out to the public and stating this -- yeah, again, i'm just being realistic. that makes me nervous when you have officials looking at each other and going, hey, we can't have this. and this would have an effect, kim, on how they look at the june mark, the june meeting. and again, he put it back on the table, that there may be another -- layer, year on year, which we haven't really -- i think he's leaving his options opened. he was kind of optimistic, though, kim, about -- optimistic -- the most optimistic, i think, i've seen him break down his interviews. >> all right. before we go, i have a minute left. but i want to tell you a bit of a curveball here. so, president biden's campaign, it's leaning into an economic message with this the second tv ad sort of released in his campaign. they are talking about his economic sexes based on all of the th

for the broader economy, and all of this against a backdrop of the head of the federal reserve, jerome powellying that the us financial system at least for now remains sound and resilient. michelle fleury reporting for us. but it is not all doom and gloom on wall street, because apple's shares are up almost 2% in extended trading after they announced a profit boost that exceeded expectations. it is fuelled by their weight iphone sales, particularly in emerging markets such as india. discussing the results, apple's ceo tim cook said that supply chain problems which had plagued the company following the covid pandemic had now vanished. this follows better—than—expected earnings from many of apple's appears in the us tax base, raising hopes that the worst might be over for the sector. apple remains one of the few giants in the industry, no mass lay—offs so far. for more on the outlook for the company, we can now speak tojeff field hack, from counterpoint chemical research, whojoins me. nice to have you back, jeff. what do you make of the results? yes, i thought the results were very impressive,

matt, jerome powell, the fed chair has a lot of skeptics out there.eks ago that she thinks that powell wants a recession because he wants to bring inflation down so he's going to have joblessness go up. do you think that today's action is going to feed his critics like senator warren who say he's ignoring the needs of the middle class? >> well, jake, it will, of course, feed his critics, but i don't think it's fair to say that jerome powell is in any way rooting for a recession, but he's willing to accept one if that's what it takes to fix inflation. this latest interest rate hike today lifts barring costs to levels unseen since late 2007, just before the great recession. so the fed is making it more expensive for all of us to borrow in the hopes that this is going to cool off inflation, get the cost of living back down to healthy levels. now, this rate hike was a unanimous decision, but it was also a controversial one because it's coming just days after the second biggest bank failure in american history. these recent bank failures have been caused i

jerome powell may not be able to do the things he is hoping to do. we have heard him say when we reached the rate plateau, he wants to hold it there. here we are, that's exactly in line with the dot plots. the dot plots only say rate cuts come next year, no rate cuts this year. the bond market disagrees. somebody is going to be right, somebody is going to be wrong. the equity market thinks the bond traders are close to the truth. yvonne: yesterday we had a robert kaplan in with us. he was calling for a hawkish pause. he says that is going to be the tough thing that is going to happen. inflation will be high and they will have a tough time cutting rates. i don't know how bonds will respond to that. i don't think that will be good for equities. i think there is possibly truth in that, it doesn't look like a good time for the economy or investors. mark: it's tough either way, the equity market is facing short-term interest rates around 5%. that is a high hurdle to beat if you are in equity investor. you could have a commercial real estate problems getti

jerome powell reckons the u.s.nomy can't skirt a recession but the odds are shown to be stacked against him. this is bloomberg. ♪ >> the australian treasurer believed economic surge from china's post-cover reopening cannot offset the impact from global economic headwinds. jim, spoke to the budgets released tomorrow. >> this will be a responsible budget which prioritizes australia's doing it tough. it will have three main elements. responsible package of cost-of-living relief. targeting the less vulnerable but also investments in economic growth. later foundation for the future. all of that wrapped in responsible economic management which tries to get the budget on much more sustainable footing. >> whether or not there will be a surplus on tuesday night, there will be deficits ahead. possibly expanding. what is your plan to solve that? >> a couple of things. there will be substantial near term improvement in the budget position. there is a misconception that says that is all commodity prices. a fifth of that is comm

because | you should say that because markets have been betting on this for some time and yet jerome powells has been very clear to say that is not where we are headed, that is not what we are headed, that is not what we are headed, that is not what we are doing. in terms of recession, in terms of the slowdown and how deep and long on that? it slowdown and how deep and long on that? , ., , , on that? it is really up in the air at the _ on that? it is really up in the air at the moment _ on that? it is really up in the air at the moment because l on that? it is really up in the l air at the moment because the consumer has remained incredibly resilient. consumption was really the driver of first—quarter gdp growth care in the united states, to the mystification of most economists who were looking at the data, we are starting to see cracks in the labour market, it has to be said. layoffs are accelerating, we anticipate the headline unemployment rate will begin to rise but the economy is still growing at a reasonably solid clip stop at the atlanta federal reserve estimates the growth rate is 1.

the fed's james bullard and neel kashkari say more hikes could be needed, days after jerome powell signaled a pozner's month. the qatar economic forum takes off in doha. we will speak exclusively with global leaders in business and government. mood music positive again out of d.c. on the debt ceiling, but no concrete deal, mccarthy says. futures pointing lower in europe by 0.2%. the waiting for pmi data, services and manufacturing out of france and germany to flesh out the picture in terms of the resilience of this european economy. with a focus on services. the ftse 100 off by four points in the first few seconds. the spanish ibex pointing lower. the ftse 100 down 0.1%. better news on the corporate front in the banking sector which we will break down. we look ahead to the conversations out of doha at the qatar economic forum. the ftse 100 down 12 points. but see how things are playing out across sectors. given the run-up in yields, particularly at the front end after 30 days, the two-year is up about 40 basis points, but despite that, the nasdaq has rallied in 10 sessions, posting gains of

fed chair jerome powell signals a possible pause. >> plunging after hours since bloomberg learns it is weighing strategic options, including a sale. >> even in the excitement, there is a potential pause in fed timing but that was not enough in today's session. a gain of almost 1% for the s&p 500. u.s. futures trading under pressure at the moment. you have regional banks under pressure, falling to the low of november 2020. we reported on pac west, weighing strategic options. that is sending the stock plunging. in the regular session, it was about what the fed might or might not do from here. they raised rates by 25 basis points. they could pause the most aggressive hike since the 1980's. at the same time, it seems like this pause was already priced in. markets pricing in a fed pivot in the coming months. crude oil prices falling below the $69 per barrel level. recession fears are very high in investors' minds. more on our top stories. markets seem to be looking at a potential pause but that is not necessarily seem to be enough when we are not expecting a potential pivot coming up anytim

the public is not showing much confidence in jerome powell. 36% of u.s. of confidence that powell would do or recommend the right thing for the economy. that is the lowest level since gallup began tracking public confidence in 2000 one. mitch mcconnell predicts congress will keep funding ukraine's defense. despite growing calls for members of his own party to reduce or eliminate. they have called on president biden to ship weapons to ukraine. tempur sealy has agreed to buy a steak and mattress for. mattress for has more than 20 400 stores across 49 states in the u.s.. under armour keep struggling in his turnaround effort. athletic gear fell after they missed estimates. they warned in february a buildup in inventory would lend to discounts. global news powered by more than 2700 journalists and analysts. this is bloomberg i am lisa mateo and this is bloomberg. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful

the head of the us federal reserve, jerome powell, said that his department will not be able to protectes economy if the national debt ceiling is not raised. washington already owes $ 31 trillion. and if the white house does not find a compromise with congress, then alexei veselovsky will strangely wait for the details. the battle around raising the threshold public debt. it's been going on in america for 200 years. what to do if the country is used to living in a big way and constantly having to borrow, but this time the fight over the public debt promises to be especially principled the money from the american government may run out by june 1 $31 trillion us national debt, $31 trillion threshold there is very little money left, and us treasury secretary janet kehlen is desperately drawing gloomy default prospects if congress fails to raise the national debt threshold, it will deal a serious blow. american families and raise the question of our ability to protect national security interests. in fact. this is still a very soft forecast, many economists predict that if the us fails to pa

minute, seven members periods for maybe another rate hike you only -- going to say pause includes jerome powellte house defense of cpi online -- not headline now it is both. >> core matters. >> core was -- >> energy food volatile a storm so core you need to be looking at. >> we are in a inflationary supercycle hopefully coming to an end without, meaningful economic deterioration i don't know we get back to the 2% number. cheryl: are a joel shulman? >> i tend to agree with comments i think this is a very clear signal to people think -- decreases are going to happen '23 i think off the table there is increasing risk going to raise rates here because numbers came in hotter, to so on the fence thinking could go either way am i one more in them i hope they don't i don't think necessary i think we see enough, i think we see enough evidence these numbers do not show decrease, wait for cpi, but generally-speaking we are seeing, the economy slow down as general rule i know numbers were a little hotter than coupled have not seen full impact of regional banking crisis, that probably going to play out with

the fed chairman, jerome powell, the president, jamie dimon says we're done. this problem is over.omparison. 2008, 25 banks went down. we're already passed that with this with three banks, charlie. >> by the way, that doesn't count all the banks in 2008, just so you know, that they bailed out. they bailed out citi group, which is a trillion dollars in deposits. it's apples and oranges. what you're saying is right. we have a real problem. after jerome powell said all is fine and kevin bacon in animal house before he got run over, bank stocks just chanced. nobody believes him. that's the problem. nobody believes joe biden and nobody believes yellen. this is a real problem. you know, i'm going to be working late on sunday because there may be another bank failure. >> martha: yeah. i'll be curious to know where that story goes with whether or not they will raise what the government will cover. people will say we'll have a big national bank. thanks, charlie. good to see you. >> good to see you. >> martha: the white house is denouncing a ludicrous claim from russia that the u.s. was behi

have to promise investors o depositors 5, or 6% i think more cracks in the foundation tough for jerome powelluld have happened a pause pivot or hike obviously, we are having a hike the biggest message going forward saying hey whether one and done or data-dependent we need dove toenz from fed i casualty tell you how many calms i got last two months is my bank okay deposits going to be okay investors are worried as should we more with small regional banks fed knows this has to take into consideration he will he has to be careful the target rate 5, 5 one 25 in the middle we are there going to hike an historically hike he you know hardest mile is approaching because with each rate hike getting closer and closer to that edge. maria: we've all been waiting, to see the shoes drop in the commercial real estate market i agree with you, that this is a real -- issue. we need to watch it but with when first republic cleansed even jamie dimon said this part of the crisis is over, yet we are already seeing a credit tightening, there is a risk of a credit crunch for u.s. households your thoughts on impact o

yesterday jerome powell said something interesting.idn't necessarily agree with the staff on the federal reserve about a recession. what did you make of that? >> well look, i think that he is acknowledging that we're going to see a recession but it will likely be mild. look, he says he is not sure, it could be a recession, might not be. we hope it's a mild recession. bottom line is this. we see an economy slowing consistently and we are likely to see a contraction toward the end of the year. we're waiting to see what the fed does. the most important thing from that fed meeting yesterday was his suggestion that a pause in the rate hikes could be coming. he said a decision was not made to pause in june but at some point there will be a pause. it is all about the next data that comes out. in other words, tomorrow we've got the jobs numbers for the month of april. if we see a very strong jobs report that will fuel the fed to say oh, we have to keep raising interests rate. if we see a weakening situation like we see the macro global economy

then wednesday, a press conference with jerome powell. thursday, avril haines and lieutenant general scott barrier talk about worldwide threats before the senate armed services committee. saturday, the coronation of king charles the third of engnd. watch this week, live on the c-span networks or on c-span now, o free mobile app. also, head over to c-span.org for scheduling or to stream video. your unfiltered view of government. >> white house, president

the treasury secretary made the statements and we also heard from jerome powell who said the same thingpeaking to reporters said this is it, the banking crisis has taken over the us and the takeover of first republic should really stop any of these other things we have seen in the banking system. for other things we have seen in the banking system.— other things we have seen in the banking system. for now, thanks for 'oinin: us. banking system. for now, thanks for joining us- we _ banking system. for now, thanks for joining us. we have _ banking system. for now, thanks for joining us. we have seen _ banking system. for now, thanks for joining us. we have seen violent - joining us. we have seen violent protests in paris and this relates to president macron�*s pension reform in the deal is passing through parliament but this is not stopping protesters. and they are calling for more than a million people on the streets of paris. tear gas have been taking on the protesters in many of the major cities. we have been told in similar events taking place in other major cities across the country

the question was whether jerome powell would signal a pause for rate rises. while he said a decision had not been made he did indicate now was the time to take stock. >> we have raised interest rates by five percentage points. we are seeing the effects of our policy tightening, particularly housing investment. it will take time however for the full effects of monetary restraint to be realized, especially on inflation. reporter: he was asked if the u.s. and can system. he responded it was sound and resilient. but given that it was jay powell who failed to force the result of the interest rate rises will be the failure of several banks, he is facing somewhat of a credibility problem. anchor: a truce between israel and armed palestinian groups in gaza still seems to be holding. one palestinian was killed and five others injured in gaza. sirens were heard across southern israel as armed groups fired rockets. the israeli military retaliated. the latest violence followed the death of permanent palestinian prisoner, who had been on hunger strike. our reporter is in

main street is not buying jerome powell. public confidence of the fed chair plunging. nancy seng letter says tengler says it's wake up. the fate of small businesses, that and more on "making money." ♪. charles: in many ways this market has a lot in common with a nascar race. stocks keep going around in circles. there is a lot of caution flags. of course the market keeps making pit stops. only thing missing is speed. i want to bring in ria advisors lance robertss. lance, every time we feel like there is data that will be conclusive, right? the jobs report, that will be conclusive. the fed senior hone summary, that will be conclusive. it doesn't turn out that way. we had lending thing yesterday. lending tightened up. there was expectation it would triten up a little bit more. here we are back in another pit stop waiting for the neck economic report. what do you make of this stop stall, stop stall thing? >> as a portfolio manager it is frustrating, let me tell you. it is easy to make money when stocks are just going up or down, right? this limbo we're in, kind of drifting

will jerome powell hike interest rates quarter point? expectation he is.with charles payne before he is ready to go on his show. we have larry kudlow, dick bove. we hope everyone tunes. but for now more expose to coast is after this. ♪. this small thing, is the next big thing in dia this s woah.hing, it shows your glucose, and predicts where it's headed, just like that. it's not magic, it just feels that way. i wanna make you go wow, make you go wow, make you go wow. my little family is me, aria, and jade. just the three of us girls. i never thought twice about feeding her kibble. but about two years ago, i realized she was overweight. she was always out of breath. that's when i decided to introduce the farmer's dog to her diet. it's just so fresh that she literally gets bubbles in her mouth. now she's a lot more active, she's able to join us on our adventures. and we're all able to do things as a family. ♪ get started at betterforthem.com as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service design

instead of holding a press conference, jerome powell should be tightening down those regulations at the they have the discretion to do that then part three is put more tools in the arsonal like clawbacks. in order to align the incentives of the banking regulators better with keeping those banks stable. >> let's talk about a topic we touched on the last tieme we wee together stock holdings and investments of members of congress what progress, if any, has been made on that front i note you do not have any stock holdings you have funds >> mutual funds. that's right that's it for me >> so what's happened and what's left to do a lot. >> so you want to talk about something that's hard. trying to get members of congress who will all say in general that they think -- some will say there's a problem with stock trading, but look. i've been in negotiations with this i've got good, bipartisan partnerships going on here we've met, we've got the language down. we're meeting again next week. i don't want to show too much here but we're moving this thing along because we've got to the american people c

in terms of your question around would we have gotten a different jerome powell with one data print, no. i think the fed and the markets are very forward-looking and they know one months the data can be revised up or down as we saw this month with previous two must prince getting revised lower. i think the fed signals to us they're going to be on a pause for the next couple of months but the pause is not the same as a pivot. while they have gotten rates higher for longer, that's been a theme we have been talking about, the higher part is here. now we stay or get to the longer part. we stay here for a long time. they do not cut by do not think today's number it makes a difference. had they known it last week i think it would not have made a difference at all. katie: for a point pause is different from a pivot and one data point does not move the needle. we did hear from bmo capital markets earlier today. he says today's shot -- today's job numbers will keep the fed on hold. we continue to like fading near term rate cut expectations. on that point, perhaps it does not change us from a

jerome powell is not committing to a pause on future rate hikes but says he did not rule it out either. >>> the impact on wall street did take a slight tumble today, down less than 1% across the board. >>> the new housing project is working very hard to combat homelessness in the east bay. it's the city of alameda working hard to celebrate the grand opening of dignity village. the new transitional housing development has 47 rooms and conserve up to 60 people at a time. the city's mayor said this is a huge step in the path to ending homelessness. >> what we are doing here in the city of alameda will be an example for other cities to follow because we all have not only the ability, we have a moral obligation to address homelessness, and that is how we do it. >> funding for the project provided by $12 million grant from the states project home key program and $2 million in a grant from the city of alameda. >>> game one belongs to the los angeles lakers. can we rewind that tape and have him say something different? the lakers took game one of the second round series against the warriors, s

interest rates by 5 percentage points in a little more than a year wednesday, federal reserve chair jerome powell announced another quarter-point interest rate hike. we're seeing effects or policy tightening on demand. powell says the interest rate hikes have worked to cool down the housing and investment markets, which is helping to lower inflation. we understand that there's more work to do. inflation still hasn't decreased to the target 2%. mark. but the bigger economic concern is quickly becoming whether the united states government could default on its loans and obligations. the underlying cause of that inflation is make no mistake, excessive federal spending. what would be so on? why so? careless? so thoughtless, so reckless to increase the debt ceiling yet republicans are blocking the government from raising the debt limit until democrats agree to major spending cuts. you want to replace. >> the real economy with a sugar high of more government. every day wasted is another day closer to catastrophe. democrats accuse republicans of playing games with the stability of the u.s. economy and sa

. >> brian: plus, the fed raising rates again as jerome powell says we could see a mild recession wee it's a big deal host of making money on fox business, charles payne breaks it all down. >> look at these shoes i love them introducing astepro allergy. now available without a prescription. astepro is the first and only 24-hour steroid-free spray. while flonase takes hours, astepro starts working in 30 minutes. so you can [ spray, spray ] astepro and go. there's a different way to treat hiv. it's every-other-month, injectable cabenuva. for adults who are undetectable, cabenuva is the only complete, long-acting hiv treatment you can get every other month. cabenuva helps keep me undetectable. it's two injections, given by my healthcare provider, every other month. it's one less thing to think about while traveling. hiv pills aren't on my mind. a quick change in my plans is no big deal. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver

how does the interest rate raise from jerome powell play in this?of baked it n the big question now is whether or not he raises it in the future. if he kind of indicated yesterday that he may take a pause. i think that will give people -- i think a lot of people are pushing for that. they don't they think the economy can handle many more hikes. >> may be last one for a while. >> you're reporting on this is great. thank you very much. >> thank you for having me. >>> russia, without any evidence, accusing the united states of being behind a drone attack on the kremlin. john kirby from the house will join us live. we'll get his response to that. >>> also, a new investigation broke this morning reveals billionaire harlan crow paid for the tuition fees for a family member of supreme court justice clarence thomas who was raising this grand nephew as a son. more on that investigation next. s to always support the people who l live and work there. because you call these communities hohome, and we do too. pnc bank. one teaspoon of potassium iodide. checkaroo

jerome powell does not care. he has to look at the aggregate.ow do you get from 4% inflation to 2%? ask fernando alonso. thank you to aston martin yesterday. jonathan: carry-on. let's not get in trouble. i just got a message that said " tom is mr. potter." tom: mr. potter -- i'm looking to begin the data check. american oil under $70 a barrel. it is going to $100. jonathan: it is not. those numbers started to come through earlier in the session. if you look at the broader market, futures are positive. yields look like this on treasuries. they are lower on the 10 year, down 2 points. tom: we are going to dive into what is happening in a big part of the auto economy. ford motor. john lawler is the chief financial officer of ford motor. off of earnings day, their headline is ford dips as lack of outlook sparks concerns. give us the media outlook for dearborn right now. would you seen the next 90 days 90 days? >> just looking at our q1 results, they were good, 20% topline growth. we held our guidance between 9 billion dollars and $11 billion. i thin

interest rates by 5 percentage points in a little more than a year wednesday, federal reserve chair jerome powell announced another quarter-point interest rate hike. we're seeing effects or policy tightening on demand. powell says the interest rate hikes have worked to cool down the housing and investment markets, which is helping to lower inflation. we understand that there's more work to do. inflation still hasn't decreased to the target 2%. mark. but the bigger economic concern is quickly becoming whether the united states government could default on its loans and obligations. the underlying cause of that inflation is make no mistake, excessive federal spending. it's what would be so on. why so careless? so thoughtless, so reckless to increase the debt ceiling yet republicans are blocking the government from raising the debt limit until democrats agree to major spending cuts. you want to replace. >> the real economy with a sugar high of more government. every day wasted is another day closer to catastrophe. democrats accuse republicans of playing games with the stability of the u.s. economy. >

lending rate to just over 5%, the 10th consecutive meeting at which a height interest rates, but jerome powell painted policymakers -- hinted policymakers may now pause monetary tightening. i have been speaking to susanna streeter who says many households and businesses are still suffering on the high cost of living. >> remember, even though inflation is coming down, it does not mean to say prices are dropping. they are just increasing at a slower rate. what you saw because of the impact of reducing production to try to boost oil prices, that fed through to gasoline prices, for example, so it is still painful, but there are some signs that the cost of living pressures are easing, with the cost of food coming down, but for example, sales of used cars, there is still inflationary pressure, but we are expecting some of those elements to come down certainly in the weeks to come. you look at the oil price, it has retraced its steps downward because of concerns about the global economy and the slowdown and worries the u.s. could be headed for recession, and so overall, demand will slow, and that's w

limit is not increased , a default will occur during a press conference, the head of the fed, jerome powelleave it without comment. he asked, if anything, does not hope for the federal reserve. nobody deserves think that the fed can protect the economy from potential short and long term effects. account non-payments. actually. we should not even say we should not allow the situation in which the us government does not pay the bills, this will be a situation of maximum unprecedented and uncertainty, and thus the head of the fed delicately reminded that the debt ceiling is a problem for politicians and administration officials, but by no means a monetary regulator, but in the meantime , just the white house voiced a tough scenario default in the us is a drop in gdp by more than 6% loss of almost 8.5 million jobs, an increase in unemployment by 5% and a collapse in stock markets. approximately 45%. in such a scenario , serious negative consequences for the us economy may persist until early 2004. for years and beyond, in fact, the essence of all these comments and powell and the white house bo

at 230 federaleserve chair jerome powell holds a news conference to discuss interest rates and otheron c-span2 the senate returns at 10 a.m. to consider district court nominations and vote on a house passed resolutionhe repeals the commerce deparent ruled waving terrorist on solar parts assembled in certain southeast asian countries that come from china. thes events and more also stre live on the free c-span now video app and online at c-span.org. >> live sunday attorney and author philip k. howard will be our guest on "in depth" to take your calls on government and legal reform in america. he has written six books including the collapse of the comic good, life without lawyers and his bestseller the death of common sense. his latest book not accountable is a critique of public-sector unions. join a live conversation with philip k. howard sunday at noon eastern on booktv on c-span2. >> c-span's "in depth" is a free mobile app featuring unfiltered view of what's happening in washington live and on-demand. keep up with today's biggest events with a live streams of floor proceedings ente

federal reserve chairman jerome powell remain confident in u.s. banking system as he announced another interest rate hike on wednesday. >> conditions in that sector have broadly improved since early march in the u.s. banking system is sound. >> reporter: investors continue to flee from midsized regional banks, and the impact stretched from wall street to main street, where the bank failures could lead to a credit crunch. nervous bankers are cutting back on lending and raising the cost on mortgages, credit cards, car loans and small business loans. >> you have to factor in that more medium-sized and smaller banks led to a lot of customers who don't have access to markets. when these banks cut back lending it is definitely going to have an impact on their customers who don't have other sources of borrowing. >> today, investigators told reuters that they are looking at the possibility that market manipulation is behind. meanwhile, turbotax will pay up to 400,000 california taxpayers who could have filed for free. the settlement is for those who filed

increase the loan limit , a default will occur and during a press conference, the head of the fed, jerome powelln't leave it without comment. he asked, if anything, not relying on the fed. no one should think that the fed can protect the economy from potential short and long term effects. account non-payments. actually. we don't even have to say we shouldn't allow a situation in which the us government is not paying its bills. it will be a situation of maximum unprecedented uncertainty as the new president of the world bank , the former head of mastercard, ajaibanga, is elected. here he is talking about this in a statement by the press service of the international credit organization. american indian businessman origin will take up duties from the second of june. well, it is planned that he will hold this post for five years, the bank will be replaced by david mouse, who is retiring. almost a year ahead of schedule, the candidacy of the new leader was nominated by the president of the united states since the ninety-sixth year, banks worked first in large american companies, and then you on the u

and during a press conference, the head of the fed, jerome powell , could not leave this without commenthe asked, if anything, does not hope for hitreserve. yes, he should not think that the fed can protect the economy from potential short -term and long-term effects. no bill payments. actually. we should not even say we should not allow the situation in which the us government does not pay the bills , this will be the maximum situation without precedent uncertainty that the ceiling of the national debt is a problem for politicians and administration officials, but not for the monetary regulator. in the meantime, the white house has voiced a tough default scenario for the us this is a drop in gdp of more than 6%, uh, loss of almost 8 1/2 million jobs increase unemployment by 5% and the collapse of the stock markets by 45%. here in this scenario, serious negative consequences for the us economy can persist until the beginning of the twenty -fourth year and beyond, in fact, the essence of all these comments and powell and white. at home, it boils down to one simple idea to force congressio

. >>> fed chair jerome powell announced a rate hike to the highest level in 16 years. the goal is to bring down inflation which now stands at 5%, way down from the 9% jump last summer. the latest rate hike comes just two days after the failure of first republic bank which collapsed under rising interest rates. powell says that he will not commit to a positive future rate hikes but did not rule it out. >>> u.s. stocks take a dip as investors announced to the announcement, with the dow losing 270 points. >>> a major fentanyl bust in merced county. attorney general rob bonta announced the arrest of seven suspects in two separate drug cases. the officers seized 104 pounds of meth and 40 pounds of fentanyl worth more than $4 million. >> across our state and nation we are witnessing a devastating rise in young people dying by accidental overdose through fentanyl, and my heart breaks for all the parents and loved ones who have lost a child, who get that unfathomable, unimaginable call. >> bonta says that in both cases the chp pulled over suspects and arrested them after a can

we discussed investment strategies with vanguard after jerome powell hinted at a pause during the bank taking cycle. this is bloomberg. -- tightening cycle. this is bloomberg. ♪\ the first time your sales reached 100k with godaddy was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com >> we will be watching several central banking decisions on wednesday. the rbnz is expected to deliver a final rate hike taking the cash trade to five and a half percent. indonesia policymakers will be waiting for more definitive signs that inflation is waiting -- waiting before reducing the benchmark rate. at the bank of korea will release its rate decision at consumer prices have eased for a third straight month in april. speaking of inflation, we will be getting cpi data from tokyo, hong kong and elsewhere this week. we are watching china's lower prime weight as well as ppi data from japan and south korea. >> jerome powell gave a clear signal that he is open to pol

we just, as you know, heard that federal reserve chair jerome powell said that the u.s. banking system is, quote, sound and resilient. do major investors who have the power to make decisions about whether to pull their investments feel the same way about regional banks? charlie gasparino's been doing some work. >> i think he's talking about the entire system, including the big banks, the jpmorgans, the bank of americas, the citigroups, the banks that hold most of the assets and deposits. liz: he was specifically asked about regionals. >> and he said he thinks they're fine. liz: he said the whole banking system -- >> that's what i'm saying. you've got to look at exactly what he said. the banking system, if you take as a whole, we're not in 2008 territory. no one's betting against that. what they are getting against and they will continue to bet against because, you know, once you see the jpmorgan-first republic deal, you start pricing other assets, other banks of similar size, the regionals and the mid-sized banks. you start pricing that based on that deal. liz: jpmorgan'

on wednesday press conference with federaleserve chairman jerome powell, thursday avril ines director of national intelligence and lieutenant general scott barry talk about world way threats before the senate committee. on saturday at the coronation of king charles the third, watch this week, live on the-span networks or on c-span now are free mobile video app. head over to c-span.org for scheduling information or to stream video live or on-demand any time. c-span, your unfiltered view of government. the montana house of representatives voted 68 and 32 to bart transit -- transgender representative zoe from speaking for the rest of the year, the vote took place after she said that republican lawmakers would have blood on their hands if they supported a ban it to ban gender affirming care for transgender youth, she will be able to retain her seat and cast votes remotely but will not be able to participate in debates. . >> mr. speaker i present to article five subtenant of the montana constitution house of representatives finds unrepresented from house district 100 clearly violated the r

during the press conference, chairman jerome powell signalled that they might be ready to take a pauseikes. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination meeting by meeting. earlier, i spoke to jason furman. he's the former chairman of the white house council of ecnomic advisors. jason, thanks forjoining us. are these rate hikes actually working to stabilise the economy? i hope so, i think so, but we can't be sure, because we don't know what the counterfactual is. the good news is inflation expectations remain anchored. inflation isn't rising, and that's probably a lot better than what would have happened, if the fed hadn't taken these aggressive steps. the bad news is that inflation, underlying inflation at least, when you subtract out food and energy, isn't really falling, so we haven't seen very much, if any, progress in underlying inflation, yet. that's whatjerome powell said, that inflation is stil

sources telling abc news jpmorgan ceo jamie dimond, treasury secretary janet yellen and fed chair jerome powell brokered that deal. our banking system is sound and resilient with strong capital and liquidity, but the federal reserve admitting in an internal review, released friday that it could have done more to avert that silicon valley bank collapse, california house democrat ro khanna calling for tighter oversight, and the federal reserve will be in the spotlight again this week for us interest rate decision. another hike is expected and it's ongoing effort to cool inflation. lionel all right, justin. thank you so much. also a dire new warning about the job market. the world economic forum predicts 14 million jobs will be lost worldwide in the next five years, thanks to automation and artificial intelligence about 300 more american citizens have been evacuated from sudan. they escaped in a convoy from the capital to report city. under the escort of armed drones. violent clashes are still erupting even after the two sides battling for control of the country extended a shaky ceasefire for anot