a jim june for us in west jerusalem. let's now speak to the box and ask it on an israel and i guess everyone is watching and waiting to see if a wind rockets could be fired from guys or is everyone on high lives there? that's on that's right. we're about 4 miles away from the northern end of gauze us here, just south of us cologne. in fact, an old but essential traffic is being blocked from going closer to garza along the main roads here. we just had a report from one of the local communities here saying that a lot of the residents, thousands of them are moving away from this area of southern israel, further north and east from here to try and avoid the potential incoming rocket fund. we had us with this morning, you all have go on the defense minister talking to local politicians and leaders here saying essentially it wasn't clear how long the flights in might last. if there is a response in retaliation from islamic jihad, or potentially on us, as mohammed just mentioned, but it could last for several days. he told them

that's mohammed jim june for us and wisc jerusalem. so let's now go to the occupied with bank. we need to. abraham joins us from, from, i learned what reaction have we had from the palestinian leaders. there we've heard condemnations from different parties from the pedestal and presidents office from the palestinian prime minister as well as the tell us any mistakes or foreign affairs. they're saying that this is a, he is crime that calling upon the international community to intervene to have palestinians of what they say is and is really aggression. now when you talk to palestinians industries, they would send you that that's the only those, the palestinian authority that do not have any leverage on garza because egypt is huge. we need the mediator of such efforts to de escalate pensions. but also it doesn't have leverage here. in the occupied with bank when it comes to is really occupations. the actions on the ground be it's check points uh increasing uh, leaking is really supplements the that the res. so for us, it is your are not hopeful that the efforts by the palestinian

the kind of job number would you need in early june? jim. ♪ and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. >> certain sectors you're getting expansion of profit margin, which has led to the inflation we had over the last few months >> the message from earnings season is there is inflation in the system. >> inflation has come down. has it come down nearly as quickly as the central bank would like to see? no. >> once the fed stops easing, we will see the strength return. >> we have this chill, cool duck hanging out on the surface paddling underneath and that is equity volatility bit. announcer: this is bloomberg surveillance with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning. we are on radio and television, paddling the duck and the duct this morning is a duck of optimism. optimism in the air. jonathan: that's interesting. is that we want to say? tom: it is. jonathan: it

to fed hawks see the need for more red hike -- rate hikes this year after jay powell signaled a june. jimases while minneapolis fed president says a pause does not mean that tightening is over. there comments bolster the case that they might skip a move next month while keeping the door open for further hikes. president biden says he and house speaker kevin mccarthy had reductive talks and agree that the u.s. default is off the table. the two met at the white house for more than an hour have still not reached a deal, treasury secretary janet yellen warns it is highly likely her department will run out of cash in early june. mccarthy says he expects to speak daily with president biden until a deal is sealed. a panel overseeing the credit default swaps market that ruled -- has ruled that the government brokered to take over credit suisse does not credit -- constitute a bankruptcy event. securing acquisition of its smaller rival would have triggered an insurance payout for holders, the same panel last week ruled against a similar question related to the write-down of credit suisse's bonds. g

fine of one point. 1000000 euro is the final verdict, is expected in june, as that was one of the most spectacular. hi austin, martin. jim and history in november of 2019, they just broke into the greenville using in the city of tristan and still 21 pieces of jewelry decorated with 4000 jewels and a worth of 100000000 euros in a play deal on choose day 5, man was sentenced to prison for the crime. the ruling and drugs didn't came 3 and a half years after the audacious heist. 5 men will be serving present sentences ranging from 4 years and 4 months to 6 years. and 3 months. a 6th defendant was acquitted. a dispute least at the clock is the best. so mean this, then i was concerned. does it these one of these remains lodge, our doors at least speed off on me. investigate those other 2 maintenance frontage . proof is at least 6 people who were involved in the highest uh top maintenance and sixpence. the one in baton, it was it remains unclear where the group received help from other individuals. in the early hours of november 25th of 2019, the men broke into the royal palace museum through a window they prepared earlier on a

jim, as you know, not much time remaining. juneth is the deadline to avoid the nation's first-ever debt default if the debt ceiling is not raised by then so a deal is critical in order to get it on the house floor, and then get it to the senate and avoid default. >> a deal is critical to have tonight, but do they have through the weekend and into monday? we had congressman tim burchett on in the last hour. he was down in knoxville, so they're going to have to get everybody back in town for this if they get some kind of deal together. >> yeah. that's the real challenge here, jim. if and when the deal is reached, they'll release the bill text. then there are 72 hours for the members to review that before having a vote. so the longer these talks drag out, that means the later the votes will be, pushing them closer and closer to that june 5th default deadline. >> manu, thanks for the long day today. i fear there are some long days ahead but i know you're a veteran of those. manu, thank you very much. >>> a political battle is playing o

>> reporter: yeah, jim bullard talking to "the financial times" is saying that he's inclined to back another rate hike he says he has an open mind for that juneke to take out insurance against higher inflation and, scott, this happens after lorie logan, the dallas fed president, perhaps known as less of a hawk than jim bullard, saying the data do not validate a june pause. he said we're not there yet when it comes to a pause, and it comes after phil jefferson this morning in the 9:00 a.m. hour gave a speech where he was kind of in the middle, kind of saying, you know, inflation is too high and what's happening, scott, i think important all these fed officials seem to be downplaying the banking stress the banking stress was the thing that was the concept that it would cause the economy to slow much further, cause inflation to slow, and now we're hearing less concern about that at this point and that brings the focus back to inflation, brings the focus back to raising rates. and i will tell you -- i want to give you a fresh quote on this -- the probability of a june rate hike is now 30%. up from 20% this morning an odds-on bet from a hold at 70

jim. >> and manu, i'm looking at my calender here. june 5th is a week from monday. if they're going to have to vote on wednesday in the house, are we going to be back here next week -- and i don't want to put you on the spot, but are we going to be back here next weekend wonder what the senate is doing? i don't want everybody to tear their hair out, but it is a holiday weekend. >> i don't want to say cancel your next weekend plans but maybe cancel your next weekend plans. the way the senate operates if it does pass the house on wednesday, of course all those things need to happen, getting the votes and getting people onboard and that will take time. let's say it gets through on wednesday, thursday is the beginning of that process to put it on the senate calender, go through the procedural hurdles and go through the senate. we could see a procedural vote maybe that would occur on saturday perhaps and then they'd have to run through -- the hours to go and you need 60 votes and bipartisan support to overcome a filibuster attempt, and then you can eventually move to a f

5.3% yield in t-bills right now, and that specific security merchants -- matures after jim, do a test that -- june, do i touch that? >> pretty good money for a short-term, it makes us to have some t-bills, muddy markets, a number of things. very interesting. -- money markets. a number things very interesting. >> given this opening story, we had a bump and then doom and gloom. is there still value in this reopening story? >> we were chatting about how hong kong is reopening and china also, pretty exciting, and then 5% gdp is still a high total for a very large economy, far higher than other larger economies. this is an economy doing pretty well without stimulus and they are not going to be holding back, you saw it with that last bank eating, they will be holding back the stimulus until they needed. you don't want to ignore. it still has a very interesting economy with interesting sectors in the space, especially right government supported regions, and with policy increasing, understand where the government is focusing their attention and where there industry attention will go -- repaired -- b. >> l

june 5th? >> i'll tell you what, jim, thank you so much for having me on. in the bush administration you're always welcome at my white house. i think everybody right now is just grasping at straws with the rumors. i've been in contact with our leadership team and some of those folks. i feel like they're close to a deal but they're not quite there. i think a lot of the rumors going on are made to scare people. you have people in their 20s basically in the white house putting things out that aren't accurate and just things that they would like to see in it. i think speaker mccarthy is keeping to his word in what he said in the things that he put in there and that he'd like to keep in there. i think those are still in there. >> last month you were among just a handful of republican house members to vote against the party's debt ceiling plan. from what you know of the potential deal, is there enough debt reduction to win your support? what about this idea of kicking the can past 2024 so this doesn't come up again during an election year? >> the 2024 thing has b

june. i think everybody is truly waiting to see the next data coming up, how the entire credit conditions look, and they are truly waiting to see what happens, although jim bullard is making it clear they won't be done whether they hike in june or not. rishaad: kathleen, thanks. our bloomberg economic policy editor, kathleen hays and bruce einhorn looking at the debt ceiling and where we are with that. now it's all about political negotiations as are the politics at the moment in ankara. let's get to the first word news with vonnie quinn in new york. vonnie: the turkish president has won the support of a nationalist rival, boosting his bid to extend his rule. the candidate has asked his supporters to back erdogan in sunday's runoff. he was eliminated from the first round were just 5% of voters backing his candidacy. erdogan led the earlier vote but fell short of the 50% majority needed for an outright win. thailand's pro-democracy party is getting ready to form the next government. they signed a pact that lays out their ambitious plans, including reinstating cannabis in the list of narcotics. they stopped short of adding changes to the nations royal gold

the number of people who states employees, jim and state employees working at in russia, that number would be limited to a 350 people from the beginning of june. and the unusual thing about that is that it applies not just to diplomatic stuff, working at the embassy or in the country. let's consider officials and so on. yeah, but also to people with a more sort of culture will focus, including the people working at the gym and schools in russia. or as you mentioned that the good to institute, which promotes interesting german culture and language. so uh, you know, i think as this is a, a retaliated 3 step, no doubt at, in response to germany's support for ukraine in the war. and so what are the unlikely consequences of these tit for top moves? yeah, well just decided to close con sealants here in order to sort of achieve that kind of parity in the number of official stuff working in these to in these can see that it's anyway and can see us in closer administrative offices. so what the effect it will have is on uh, you know, people maintaining links between the 2 countries. people trying to get their certificates of the marriage of marriages i

could we lock in a pause in june, or do we have to talk about what jim bullard said about his thoughts on the two hikes? kristine: there is still this internal debate within the fomc. we did get a signal from jay powell that a positive is likely, but your resident bulls, jim bullard one of them, so arguing the fed has more to do on inflation before they really get a handle on that. it is going to be interesting how that debate prevails. we do know that bullard is not necessarily a voter this year, but markets in particular, they pay attention to what he says as well as the more hawkish fomc policy makers who have voiced similar concerns over what the fed still need to do when it comes to reining in inflation. tom: kristine aquino setting us up for what the markets should expect today for the fomc minutes today. coming up, it is possible there may be no u.s. debt deal. that is according to roubini macro associates ceo nouriel roubini. he is sounding bearish. we spoke to him earlier uppercut are -- we spoke to him earlier at the qatar economic forum. this is bloomberg. ♪ >> we don't know

june. kathleen hayes is here. what separates the fed president trump everyone else? >> jim bowden is a hawk. he was the first advocate raising rates. certainly the first to say we have to be aggressive. hit ablation and hit it hard. there has to be more of that downward push. >> you want to get the downward pressure on ablation while you can. >> he did not comment on this hold in the june meeting, skipped the rate hike. neil says it is a very close call on the june hike. he also wants to be emphatic, if we skipped a rate hike, it does not mean the end of rate hikes. she thinks tighter credit conditions are maybe one or two rate hikes. i want to be mindful of that. all the way up to 200 basis points. there is a pretty broad range. >> no one knows for sure at all what the credit tightening is going to mean. there is no equation for that. she also said the predicting fed policy made it a distraction. you have to watch the numbers. there is plenty of time to collected data before they get to the june meeting. raphael said he is comfortable with fed pause. if they have to do anything else, it pro

jim chalmers. he is forecasting 4 billion australian dollars which puts us through to june.happening at 7:30 p.m. this evening, local time. shery: it's tough for a government when you have this temptation to spend all of that revenue and not do so given that you are trying to keep monetary policy aligned. the fact that we will see the potential surplus in 15 years with the cash search is huge. we are seeing the labour government trying to rein in inflation. chalmers begging that curtains will pay off in two years time when he hopes to face the election with prices contained in borrowing costs falling. it seems to be a political calculation for them as well. haidi: we will be watching out and as you say, then of temptation to use spending to fix the short-term issues from the adjustment of the global monetary policy landscape. let's get you caught up with the latest business flash headlines. coinbase is considering making the united arab emirates its international hub. the crypto exchange has been navigating a difficult u.s. regulatory environment. eo brian armstrong said coi

bracing themselves for anything that could start from wednesday through june 11th, a major provocation and escalation from north korea, jim it's amazing how much their nuclear program has advanced. it's something multiple u.s. presidents have said they'll never allow and here we. >>> search and rescue operations are under way in iowa after part of an apartment building collapses. we'll show you the rescues and why officials say there is still cause for concern. >>> plus, rats in cages, a padlocked fridge, feces and bugs. police arresting two parents after find seven kids living in deplorable conditions. what else police have learned was going on in that home when we come back. , get one 50% off in the subway app today. now that's a deal worth celebrating. man, what are you doing?! get it before it's gone on thehe subway app. ♪ the all-new tempur-pedic breeze makes sleep feel cool. so, no more sweating all night... ...or blasting the air conditioning. becae the tempur-breeze feels up to 10° cooler, for a limited time, save up to $500 on select tempuredic adjustable mattress se. i brought in ensure max protein with 30g of p

limit, but it's set to run out of money in june, something that should worry every american, according to former fed economist and uc berkeley finance professor jim wilcox, if we do hit the ceiling , they're going to have to decide who gets paid and, more importantly, who does not get paid, wilcox says. that includes payments to government employees. and welfare recipiens and government contracto, which all could be in jeopardy. they're not going to be spending as much in restaurants are clothing stores or anyplace else and that will ripple through the economy with great force, and wilcox says there could be long term impacts if the us default on its treasury bonds that could impact people's money, market funds and retirement accounts as well as the u. s credit worldwide and make it even more expensive to borrow in the future. the next time we go to get a loan, almost certainly, we're going to have to pay a higher interest rate. the u. s could hit the debt ceiling as soon as june. 1st and president biden did not rule out today a possible short term increase until september. 30th again. the next meeting is scheduled for this friday, so staff will

he's going to be retiring, by the way, jim, i think you and i have talked about that at the june meetingcareer for rick a true industry legend and tying it back to the opportunity in front of us, quite frankly, rick has always been an optimist and he is a technologist by nature and has been lockstep with me and the management team on everything we've been doing, so while maybe the magnitude of the change has happened, rick is a visionary so none of this is surprising but maybe just the speed at which it's happening, but, you know, he's been there shoulder to shoulder with the management team really having our back since day one and so we helped built this company, you know, to address what we call the data infrastructure opportunity seven years ago we started and look where it ended up, jim. >> are they going to spend are these companies going to spend, the big companies we need to spend, are they going to turn it on? ma marvell will get a lot of it >> you can see that from our friends over at nvidia which had an absolute blow-out guide for next quarter we see the capex plans shifting me

jim? there may be some wiggle room on treasury secretary janet yellen's june 1st prediction when the governments out of cash to pay its bills but not much and that's what you heard the speaker speaking to there. this is according to economists on goldman sachs. the banking giant warned it expects the treasury to run low on cash by june 8th or 9th. matt egan is joining us now. matt, just how low does goldman sachs think cash levels could get, and also what we really have to acknowledge is you can't run right up to the 1st. you need a little wiggle room because even with an agreement there needs to be time to hash something out and get it passed through congress. >> reporter: that's absolutely right, brianna. listen, goldman sachs does see cash levels getting dangerously low. we have to remember that the federal government regularly spends more money than it brings in in revenue. that's why they have to borrow. but they haven't been able to borrow because they have run up into the debt ceiling and congress hasn't addressed it yet. so yes, they can buy time with accounting gimmicks, which is what

jim bianco. we have the banking crisis going on, we've got this new x-date, which has been moved up to the beginning of june. how do you think this factor's into the fed's decision, if at all? >> i don't think it does i think that the fed is focused on inflation and they're going to raise rates and they're going to leave the door open to raising rates again in june. now, i happen to think that's a mistake at this point, but it doesn't matter what i think. that's the way they've been doing it i'll remind everybody that february 14th, there was a meeting, this came out with the report on friday, the governors of the fed, jay powell was there, they were told that the banks were getting unrealized losses and they were in trouble and they pointed out a specific bank that was in trouble, silicon valley bank. three weeks later, he went to congress and said, we're going to raise rates aggressively, 24 hours later, they failed so, he's not worried about the banks, it's all about inflation. he sees inflation has a problem, he's going to raise rates this week and leave the door open for more rate hikes. >> you don't t

in june 2010 steven simmons and gabriel marquez were arrested. prosecutors say jim the alleged stabber and gabriel was the lookout. both pleaded not but amazingly, jim wasn't done with the idea of murder. he apparently believed his cellmate had connections and wanted to hire a new hitman from jail. >> he wants the ranch hands taken care of. he actually drew out a map that was never found depicting where he can find the ranch hand to actually carry out this murder. and what he wanted to do was have the ranch hand tortured so he could actually tell his cellmate -- or tell the hit man where the other two individuals were. >> prosecutors say the price tag for pam fayed's killing was >> he was bankrolling it. >> no question. he commissioned this crime. and that's where the investigation began to lead us. that's where the evidence began to lead us. we knew clearly that he had an alibi for the actual he is not the stabber. he is not the actual killer. >> you also knew he had probably a bigger motive than anybody else. >> there were always in my mind dual motives for james

jim, she's been saying the same thing for weeks now. june 1st, we've been working with many have said, well, it's not really june 1st, but june 15th does seem to be perhaps a more realistic date as to when we run out of money >> yeah, i mean, i look at this and i say, all right, who's going to look worse to the american public? and historically, a president who's challenged either by a recession or by inflation who is in his first term is always the loser of when it comes to matters that are, let's say, anything related to congress and i just think speaker mccarthy knows that. i think he's under tremendous pressure from his caucus, from a very sizable part of his caucus, to go to fall, and i think that there's a -- kind of an unreal nature among the republicans about what default will look like, because they think that americans, as you said, that most americans don't understand it we understand that the banks understand it. we understand that, yes, that the wealthy understand it. we just think a lot of other people are fearful of what's goi

jim cramer and david faber. the market does appreciate cpi today. the juneate hike, odds fall to about 10% amid the flurry of corporate results today and tonight. our road map begins with the macro picture. cpi better than feared and no d.c. deal yet as a debt default looms. >>> plus airbnb's cautious outlook. shares are slumping as the company forecasts fewer bookings and lower prices in the second quarter. >>> and we are keeping a close eye on the evs rivian's losses shrink, texas tesla output hits 5,000 a week, and byd cutting prices on its top-selling sedans >>> let's begin with the market reaction to cpi. 4.9%, year on year on headline used cars up for the first time in several months, up 4% >> i've been struggling over that new cars are both in abundance, and getting much better credit terms, and so i don't really -- if you wanted to look at what i think may would be, that's going to be down i also think that -- i've begun to take a lot of issue with the compilation of those things. i do a lot of work on apparel, going back to matt on this from jpmorga

limit, but it's set to run out of money in june, something that should worry every american, according to former fed economist and uc berkeley finance professor jim wilcox, if we do hit the ceiling , they're going to have to decide who gets paid and, more importantly, who does not get paid, wilcox says. that includes payments to government employees. the military social security and welfare recipients and government contractors, which all could be in jeopardy. if they're not getting their checks. they're not going to be spending as much. in restaurants or clothing stores or anyplace else and that will ripple through the economy with great force, and wilcox says there could be long term impacts of the us default on its treasury bonds that could impact people's money, market funds and retirement accounts as well as the u. s credit worldwide and make it even more expensive to borrow in the future if we don't make our mortgage payments on time. the next time we go to get alone almost certainly, we're going to have to pay a higher interest rate, and the same thing is true for businesses or individuals and governments. and today following the meeting,

so far >> i mean, 40% odds of 25 in june as of how >> isn't that incredible >> although today, jim, bankf america, once again, sell 4,200. a.i. in what they're calling a baby bubble. >> bank of america,let get moynihan on the phone. we just had a downtick in consumer spend there's no baby bubble what there is, is the difficulty of evaluation. for instance, let's take a company that i have told investors in my club to own, don't sell the only one other than apple that i have ever felt like this, which is nvidia. now, nvidia reports next week. they report on wednesday i think it's going to be incredible what are you supposed to do with the stock that'salready up 116 if there's really good news? will it sell off from good news? i got to tell you -- >> what's the multiple now, jim? >> 70. >> 70 times this year? >> right but you know that this stock sold at a hundred times earnings and then it turned out to be 16 times earnings in the period of 2012 to 2016 it ended up selling at like nine times earnings if you look back. >> what would they have to say for the stock to go higher at this point

june 5th deadline, boris. >> "when they want to" is the key phrase there. lauren fox on capitol hill, thank you so much. jimit send children running for shelter, explosions across the city. there's nothing more frightening than that. it followed a massive barrage of russian drones. officials described it as the biggest attack of this kind to date in the war. ukraine's adefir defenses say t shot down 77 of 85 drones. this is the 15th time this month the city has been the target of a russian attack. sam kieley is with us in easter ukraine. do ukrainians believe this is in anticipation of a coming ukrainian counteroffensive? >> ukrainian officials, jim, have said that much, particularly with reference to the efforts being made by the russians to try to get the ukrainians to effectively waste as much of their air defenses as possible on cheap missiles or drones such as the iranian made shah head, which is a slow-moving drone that only carries about 40 kilograms of high explosives, as opposed to ten times that. but last night there were 40 cruise missiles among the industry of destruction and following it up wit

jim bullard looking for two or hikes. he does not know when. that this not say whether he will vote for a high three weeks from now in june, but he is more bullishwe spoke to rob kaplan earlier, and what if's themes is the reason for all of these rate hikes, 500 basis points of rate hikes have not slept on the economy more is that fiscal stimulus is acting in opposition to monetary tightening between the american rescue act, infrastructure spending bills that have been passed, there is lots of spending, lots of stimulus out there and u.s. economy, and that is one of the things making it so difficult for the fed to get its job done. he said it may be that is another reason, currently the fed is not looking at that, they are not looking at the driver of the high inflation. they're looking at the data itself and he things that is slowing them down. he thinks they should pause and will pause, but i think they genuinely do not know and that is why we are getting a lot of statements. rishaad: kathleen hays there, are economics policy editor. had a vision credit at blackrock is still with us -- asian credit at blackrock is still with us. doing asia and

jim? >> people want tspect that he does pause. he has another meeting in juneave enough time by june to make a determinant about what happened with first republic that's what i would do if i were jay powell i would say that, which is different than, we're going to take a pause we need to look at what we've done to the economy. and then, we wouldn't have an explosion, but it would be pretty good. >> yeah. we'll keep an eye on that in the wake of elon musk's tweets about the -- what he thinks might be already a recession that we're in >> elon is erratic again, which is fine. he has every right to. starship trooper didn't work you know >>> meantime, dow is up 65 let's get back to david at milken with a special guest. david? >> thank you, carl yeah, we are joined by apollo global ceo marc rowan, mentioned it earlier, of course. and it's good to have you here, particularly on this day >> thank you, david let's start on that news, because i'm curious to get your perspective on the banking system right now, particularly the regional banks does first republic sort of p

pay all the bills on time is early june, you know, that's coming fast so, if in the next few days coming out of this meeting we don't get a signal that lawmakers, as jim said, do want to come to terms and increase the debt ceiling in a timely way, i think markets will react more significantly i would go as far to say, mike, it may at the end of the day be necessary that markets react because without some turmoil in the markets, without some bad days in the equity market, without some increase in interest rates, some problems in the foreign exchange market, lawmakers may not be able to generate the political will they need to sign on the dotted line and pass an increase we may actually have to see that turmoil before we actually get to a place where lawmakers can agree to increase the limit. >> i hope not. >> yeah. i was going to say, it's really fascinating because almost everybody who comes at it from the finance side would probably look back at 2011 and say, you know, we understand markets panicked, we understand we had a potential debt downgrade that did come to pass on the u.s. government in retrospect, it doesn't seem smart to panic if you brough

jim cramer and david faber. the market does appreciate cpi today. the juneght. our road map begins with the macro picture. cpi better than feared and no d.c. deal yet as a deb

june 1. manus: you will see the headlines, biden goes to g7 and they go down to the wire on this, it has all the political hallmarks of hell all over it. michelle jim briscoe on the facts of the debt ceiling. stanley druckenmiller and david tepper loaded up on all things ai in q1. valerie tytel is at the data investigation. what does it tell you about the ai trade? valerie: good morning, everybody seems to be chasing this ai tech trade. some of the two most notable family offices run by stanley druckenmiller and david tepper both dipped their feet in some of these ai stocks. both of them increasing holdings of a company called nuvidia. that nvidia stock is up almost 100% this year. it is one of the top performers in the s&p 500. they loaded up on other tech stocks. druckenmiller's fund initiated a position in microsoft, the holder of chatgpt. when it came to appaloosa, they initiated a position in cathie wood's arc innovation etf, and also with tesla. these filings are from the end of q1, so it is unclear whether they have already profited from this trade. dani: it is interesting seeing someone looking at a construction company that set it is ai. t

june 5th. is that process over, do you think. or are there some members of the caucus that would like to -- >> i don't want to get ahead -- jim, i don't want to get ahead of the caucus members or caucus leadership. i will say to you that i'm an optimist with a sense of concern. and other members have the same kind of concern. to answer your question, i think that we can get where we need to be. i think it will be tough. i am not going to in any way speak for those who feel particularly agitated about what they have found. i it to be a deep dive on what the impact is. i left -- i will be leaving my j jurisdiction, and all i've said to them is that i want to make sure that the vulnerable are protected. i don't want us to default. whatever way we can craft it, but i'll respect the criticism and critique of my colleagues who are looking at this and finding discomfort. i want to find out, are we -- >> you're not a "yes," yet. but you're not a "yes" -- it doesn't sound like you're a "yes" just yet. >> i'm a "yes" to avoid default. i have not seen the texts on what we're dealing with. and i am optimistic at a point where it's not the f

jim clyburn from south carolina, and national cochair for president biden's 2024 re-election campaign. always a pleasure to see you. what is your level of confidence a deal can get done to stave off june> thank you very much for having me. you know, i am very confident that we will get to a place that we need to be before the deadline, but i would say that it's very important for the american people to understand that democrats, or a 49% in the house, republicans are at 49% in the senate, so why should we not sit down and recognize that the country is evenly divided. if there's to be a tilt, it ought to be toward the democrats because we have the white house and this president won the election by more than 7 million more votes than his opponent, so there is all kinds of incentives for us to sit down and find a resolution. schumer and mcconnell did so in the senate. i think that mccarthy ought to be sitting down with jeffries and see if they can't find common ground in the house. mccarthy has 49%, and jeffries has 49%. i think there's a resolution to be found in the middle of this in the middle because we are evenly divided in the house and the senate. >> no doubt that that certainly i

june 4th we will be at the opera house in lexington, kentucky. see jimmy and i on the laughs is and liberty tour. come for the liberty, stay for the big tickle. that's what jim's. kennedy: bye. miss you already. hey, speaking of storyteller, the lies are getting more outrageous by the day. the american federation of teach thers' president randi weingarten trying to rewrite herstory. [laughter] hit with a massive twitter fact check after claiming she advocated for reopening schools as early as april 2020. i wish she had! that was one month after the covid pandemic began. and here to refute that total fabrication is randi weingarten from the summer of 2020. randi? >> remote and hybrid are really the only two ways you can reopen schools safely. just because donald trump wants to take a risk with people who go to bars or beaches, those of us who have spent our life teaching kids are not going to the take a risk with kids or with our members' lives. these politicians that are now jeopardizing the safety of kids and their teachers. then they make sure that we had the safeguards in schools, and hen they reopen schools slowly. kennedy: man, what a liar. why is she sud

limit, but it's set to run out of money in june, something that should worry every american, according to former fed economist and uc berkeley finance professor jimcox, if we do hit the ceiling , they're going to have to decide who gets paid and, more importantly, who does not get paid. wilcox says that includes payments to government employees , the military, social security and welfare recipients and government contractors, which all could be in jeopardy. they're not going to be spending as much in restaurants are clothing stores or anyplace else and that will ripple through the economy with great force, and wilcox says there could be long term impacts of the us default on its treasury bonds that could impact people's money, market funds and retirement accounts as well as the u. s credit worldwide and make it even more expensive to borrow in the future. the next time we go to get a loan, almost certainly, we're going to have to pay a higher the interest rate, the us could hit the debt ceiling and run out of funds as soon as june. 1st president biden did not rule out a short term increase through september, 30th and again they do plan to have th

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