joe: i am joe weisenthal. caroline hyde is off. romaine: let's look at where financial markets ended the day. the dow, s&p and nasdaq ended the day flat. joe: the question is, "what'd you miss?" romaine: ism gauge, a factor activity coming lighter than expectations. 60.7 reading. what does that mean for you? in april, down from a high of 64.7. despite the drop, the gate is showing an economy and strong expansion. the real fear, i can be found underneath the headline number. prices paid for materials jumping the highest since july 2008. factories stockpiles detracting since august. customer inventories dropping to a record low, adding to evidence that the biggest impediment to the v-shaped recovery is the l-shaped recovery in the global supply chain. a price to everything. all trending at or near record levels. manufacturing and but and i will show you a shortage. joe: did you come up with that l-shaped recovery on-the-fly? romaine: i did. joe: that is a really good one. i'm really into that. i might steal it. absolutely. the headli

joe biden is america last. we don't to look any further than the cancellation of the keystone pipeline and for russia they take off sanctions so they can finish their pipeline. we see today that the palestinians referred to secretary blinken as secretary clinton. they are reverting back to a clinton way of doing business. what did the biden administration do? 2000 rockets in israel and they get all kinds of concessions from the biden administration. that's not leadership. it's time we revert back to peace through strength and the boldness that president trump brought to the american people. >> sean: is donald trump running for president? >> yes, i think he s. every time i speak to him he says he wants to run. he hasn't fully committed to that yet. i hope he does. no president has done more what he said he would do know that president trump. best president we ever had doing what he was elected to do. that's the kind of individual we need in the white house and that's who our adversaries respected because they kn

joe: right.: i know we have talked about lumber and windows and other building supplies. 20 have seen is home sales are up 40% year-over-year, at the same time that construction employment is up 20% year-over-year. if you are going to be saying ok, we want to start these homes and bring them to the market, not only are we facing these building supply issues, but you have to get your framers to come on-site and get all of the other contractors and subcontractors to get on site. that is becoming one of the issues. the second point -- romaine: go ahead, i'm sorry. ali: the second point you mentioned is those vacant developed lots. those have been absorbed very quickly. that would mean developers had brought that to a finish lot, you can build on it, builders would have bought those and they are working through those starts right now. but to backfill those, that is one of the biggest issues right now. romaine: i was curious here, going back a little bit about labor costs. and what the builders are re

joe biden sees. clothing, chasing down jews in cities throughout the country in cars, attacking jews, organized, like black lives matter, and antifa, beating jews, graffiti on synagogues including swastikas and so forth. we haven't seen anything like this. and i don't know, ever, the fbi says 60% of all anti-religious hate crimes are against jews. the jews are a tiny percentage of the population. what did you can just schumer say about this who is jewish from new york? i didn't hear him say anything. if he said anything he did it under his breath. what did the speaker of the house nancy pelosi say about it? joe biden had to be lobbied by liberal jewish groups to do something on friday and finally saturday put out a statement. what did the attorney general say? nothing that i'm aware of. how about the cabinet secretary that runs homeland security. what did he say? nothing that i heard of. how about the fbi director who says white supremacy is the great danger to this country? is he blinded to what's t

joe: i am joe weisenthal. romaine: another wild day on wall street.oe: the question is "what'd you miss?" caroline: again, there was a lot of angst over the economic picture, investors worrying about inflation, the debate raging whether the jump in price pressures will be enduring and will force the fed to tighten sooner than expected. we bring you a debate. as the economic cycle peaked or not? what does it mean for the markets? what a turnaround for tech stocks. they almost closed in the green. joe: the nasdaq closed down 1/10 of a percent, but it felt like a day in the green. the nasdaq started down like 2%. all the tesla stuff got clobbered at the open, but it came back in an impressive way. romaine: did you apologize yet to kathy woods? joe: i apologized. i didn't do anything wrong. romaine: you've been ragging on her for weeks. joe: for more, let's welcome our cross assets reporter. quite a turnaround. >> totally. down 2%. that is quite the turnaround. why now? i think it's a case of buy the dip. you saw it, two days of selling pressure in the pr

joe biden is jimmy carter 2.0. kamala harris is walter mondale and the disasters they're producing are failing at home, economically, domestically and abroad. we got to stop it. we need to stand with israel, stand with our friend and i'm leading the fight to do that. i'm headed to israel shortly to stand with israel and ensure that they have what they need to defend themselves. >> sean: only one sentence. steve and joe can do it and not mess it up. when we come backs, more covid hypocrisy from the left as they continue to contradict themselves. it's never ending. a bomb shell report from devin nunes that is set to be released about the origins of the coronavirus. that, dr. nicole sapphire and a special message i have to barack obama. this is a red alert. israel is under attack. a state of emergency has been declared as families flee for their lives. the international fellowship of christians and jews is on the ground delivering life-saving aid. bomb shelters like these are overflowing. for years these people have f

curious how joe wants to end, quote, exhausting war over immigration. his solution a pathway to citizenship finding out why illegals want to fleece their home country. this while almost 10 million americans are out of work. this failure to protect a border creates fiscal budget deficit that will never go away. besides offering employment opportunities for drug cartels, for smugglers and for human traffickers. the family plan is the opposite of our american dream. it is putting washington in the middle of your family. the repeated reference by president biden that some of our laws are worse than jim crow does nothing but create resentment and build on discrimination. and police officers constantly being bombarded and accused of being racist make it is almost impossible to create a safe future for our children and grandchildren. as cops demonize and demoralize retire and quit, our cities will be less safe. there's nothing happening here, though, that hasn't happened before. any student of world history will tell you how socialism begins how it takes over,

joe: i am joe thousands all -- joe weisenthal. romaine: let's look at where we end the month. slightly higher. joe: the question is "what'd you miss?" caroline: amc up more than 1000% . 150% this month. this is after pulling back a little today. meme stocks on a charge. crypto on a wild charge. investors on tenterhooks because of inflation. good spikes bring volatility? it is a brave new world. unheard of territory. meme stocks, crypto come inflation. joe: we will end covers some new ground. meme stocks, there is a website called where they talk about these stocks, amc, gamestop. amc going nuts. above those highs. gamestop did not move a lot. pretty extraordinary year. for more, let's turn to our reporter. did amc end up down today? >> it did. 1.6%. it surged 38%, then down. it has been an incredible ride. today's loss, even with that, still up 150%. romaine: it seemed like the stocks went dormant, then this past week, they percolated to the top. was there a catalyst? >> i don't. people are just having fun. there has been a shift from crypto into meme stocks. romaine: i smell

odd and improbable about this sort of late life act of joe biden's this is not. you know it almost any point in joe biden's career which goes back 50 years in american politics. one this is not something what someone would have ever have predicted that he's you know that he is this well at least at least trying to be a kind of an f.d.r. l.b.j. type presidential figure and in many ways at least in the initial months is having some luck at all i you know if i if assy depiction is that that joe biden whom we've all known i mean everybody in washington has known joe biden right they've known him for decades and he was a guy who ran for president you know any number of times didn't quite make it you know basically was vice president ited states and told by the president obama essentially to you know take a take a pass while hillary clinton tried to run this is somebody coming in who is sort of you know many people perceived to win at the margins and as josh said to now look at him trying to do something on the scale of the new deal or the great society franklin roosev

this is just joe and joe. joe is going to hold hands with joe until both joes end up doing the same thing. >> right. and i took that walk and talk to actually be a good sign. there has been so much attention focussed on joe manchin and from the democratic party perspective how he's a roadblock to the president's agenda, how he's against minimum wage, how he's making noises about not supporting the people act, how he always is out there to be the first person to say, eh, i don't know what the president wants to do. but the joe manchin we just saw, he said a lot of words and to gene's point didn't say anything, didn't break any news. but what i also noticed was by not saying anything he didn't pour cold water on anything. that was his opportunity to say, you know, well, you know, the president and i, you know, we're differing on taxes. and i have some issues with the for the people act, but we're going to get there. there was none of that. it was just, we had a great meeting, and he wants to move forward. he wan

joe even took a walk outside, without his precious mask on. look at him. good job, joe. now may be the corrupt cdc can stop making policies dictated by joe's big donors in the teachers unions. that would be progress too. we will have a lot more coming up tonight. also tonight, an exclusive interview, rush limbaugh's longtime radio producer, our dear friend, james golden, a.k.a. boatswain early, he will join us live to speak out on rush's life, talent on loan from god. but first, the colonial pipeline is back online but america has been exposed in a massive way. this pipeline system was hijacked by russian criminals shutting off fuel to the entire east coast of the united states. gas prices which were already on the rise spiked even further. thousands of stations still out of gas as we speak, and things likely, we are told, will not be back to normal until sometime around memorial day. that's a couple of weeks from now. tonight, we are learning colonial, get this, paid a $5 million ransom in their desperate attempt to get their system back online. joe, where was the feder

romaine: i'm doing it. -- joe: i'm doing it. >> don't do it on my account, joe.david, with the best title here at bloomberg, our in-house sports expert. joe: that's all he does. that's it. romaine: just a reminder, subscribe to our weekly podcast, it's called "what'd you miss?" enjoyed over the weekend. you have nothing else to do. joe: nothing else to do. that doesn't for "what'd you miss?" romaine: have a great weekend, everyone. this is bloomberg. ♪ >> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, crypto markets roiling after more tweets from elon musk's. coinbase finally adds it to its

♪ joe: from bloomberg world headquarters in new york, i'm joe weisenthal.omaine: i'm romaine bostick. caroline hyde will be back on monday, but in financial markets, wild today. joe: the question is, what'd you miss? romaine: bitcoin rounding off a volatile week for the largest cryptocurrency. this time it was china, as it was last time, and it's not the only thing moving this week. futures did bounce back today, but posted its worst week in two months. you also had oil sliding with its worst week in six. amid all this noise, the s&p 500 is what, down a fraction of a week still? joe: the s&p not going anywhere. all kinds of action, except it seems in stocks has been going sideways. if you look at the s&p 500, not up, not down, it's been a quiet few weeks. romaine: it's called treading water, joe. joe: for more, let's welcome process at reporter -- cross asset reporter katie greifeld. everyone's attention is turned elsewhere and there is stuff happening. katie: stocks are not doing anything. that chart looks dead in the water. bitcoin, when you are plunging

and coming up next, jimmy kimmel's comments after joe biden speech. we have the tape next and of course more from tomi lahren. as that are free without insurance. because our nationwide network of over 1,500 doctors at 900 locations all have one goal — to make you smile, today. start now. call 1-800-aspendental or book online at aspendental.com cyber attacks are relentlessly advancing. to end them, cybereason built a cyber security solution so advanced... it can end attacks today -- on computers, mobile devices, servers and the cloud. and deliver future-ready protection, keeping you sharp for tomorrow. join us, the defenders, in our mission. cybereason. end cyber attacks. from endpoints to everywhere. >> take a look at jimmy kimmel's so-called comparison of joe biden and kamala harris this week. >> making two years free for students, 62 billion, serving disadvantaged students, donald trump last year did this. >> i have some good news for you, i can proudly announce that an opportunity scholarship has become available and is going to you and you will s

joe: question is --"what'd you miss?" caroline: jobs, jobs, jobs, jobs, with jobs numbers hitting fresh pandemic lows. the fed wanting to support a more inclusive economy. they cannot find or lure back enough workers. of course, impacting all of the markets. how inclusive is the growth? first, let's talk jobs, maybe tips if you're looking at twitter. overall, we are going to look at what is happening to risk appetite. joe: exactly right. this is the chart im watching right now. my favorite measure of risk appetite, the blue line. the white line captures the sawmills. we are this close. that tells you the real rotation happening in the economy. we will see. it may happen tomorrow. romaine: i can't believe you get paid for this. joe: i can't either. caroline: you could get paid extra in tips now. joe: that's right, you can get tips on twitter no. overall, there is a lot of optimism. the dow jones it record highs today. s&p was up, commodities up. although we talk about these areas of weakness, overall, things are pretty goo

job: from bloomberg world headquarters in new york, i'm joe weisenthal. romaine: let's take a look at where we stand in the markets. joe: the question is --"what'd you miss?" taylor: pairing losses into the close. bitcoin plunging more than 30% and starting to make a comeback, cutting that flag to less than 10%, but either, doesgoing -- either -- ether, dogecoin taking losses as well. joe: elong goes back and forth. who knows what he will say tomorrow -- elon goes back and forth. every time i see a chart with lines, i have to remind viewers that i'm not abigail doolittle, so i don't know exactly what that means. when i see one line going through other lines and point down, it's not a good formation. for more on the market, what is happening in the world of crypto and everything else? katie, my son woke up crying at 1:30 in the morning, so as i usually do when that happens, i check my phone, and i saw the crash happening. katie: those lines don't lie, and you did see bitcoin's price move a little bit back towards its 200-day moving average. maybe that was

so we are fact-checking joe. joe has been wrong. here's what joe has been saying.look. >> when i got elected, i said in the first 100 days, we get 100 million people vaccinated. i was wrong. we got 230 million people vaccinated. >> sean: sorry joe, it's 105 million. now maybe you are lying or maybe you are just typically confused because the numbers we gave our coming from your cdc. but don't worry, either way the journalists of "the washington post," they have now decided to shut down the presidential fact-checking database. this is according to them, joe always tells the truth. there is no reason to fact-check joe. joe never lies. only donald trump lies. and of course, much of the time, no one can really decipher what joe is trying to say. now, we will give a prize to anybody that can decipher this mass from joe biden. you decide. >> if you are thinking about it, when i was vice president with barack obama, he allowed me to put together -- it had money for high speed rail at hundred miles an hour from charlotte. another line going from florida down to tampa. anot

joe biden is jimmy carter 2.0.ala harris is walter mondale and the disasters they are producing are failing at home economically, domestically, and abroad. and we've got to stop it. we need to stand with israel, stand with our friend. i'm leading fight to do that and i'm headed to israel very shortly to stand with israel and make sure they have what they need to defend themselves. >> sean: even joe could probably do it and not mess it up, only one sentence. thank you for being with us. when we return, more covid hypocrisy from the left as they continue to contradict themselves. it's never ending, a bombshell report from congressman devin nunez set to be released about the origins of the coronavirus. that, dr. nicole sapphire and a special message i have to barack obama. special message i have to barack obama. it would be cool to ride a horse on the moon. what can i du with less asthma? with dupixent i can du more... yardwork... teamwork... long walks.... that's how you du more, with dupixent, which helps prevent as

what's joe biden's strategy?t, not answer questions, not take responsibility, all while surrendering his agenda to the radical new green deal socialists and the appeasers of the middle east. nationally syndicated radio host, host of number one show sunday night here on the fox news channel, "life, liberty and levin," his new book i have had the pleasure of leaving two chapters of it, it's called american marxism. i'm going to predict it's going to be his most important book ever. it is -- it is a book for its , if ipl we don't know what we are dealing with and how to find the solutions, we are all in trouble. the great one, mark levin, sir. a lot to digest and there, i will let you take it anywhere you want. >> you know, sean, everyone of these crises you mentioned or created by joe and joe biden is a human pandemic. that's exactly what he is, from the border to an currency, to inflation. if the price of food, the price of gasoline. go right on the list. he has opened the pandora's box to inflation and that is a

i gonna go joe on this one.anderbilt, buddy, nice try! well, any response? >> he picked joe? >> stephen: yes. >> yeah. >> stephen: yeah. i'm surprised, too. that glass of red wine tells me you're ready to relax at all times here. joe, how do you take that description of you as the guy who can get deep on the doob? >> you know what, actually, i'd love, if i were going to do that, willie would be the guy i would choose. it would be a lot of fun. >> really? okay. >> stephen: that's what i was going to ask, what broadcaster would you want to get high with, you say gayle? >> absolutely. you have no idea what she's going to say when she's not high. so when she's high -- >> stephen: only cbs. well, guys, thank you so much for being here. "morning joe," "coffee joe morning and the morning brew crew" airs weekday mornings. we'll be back with a performance by bebe rexha! ♪♪ up at 2:00am again? tonight, try pure zzzs all night. unlike other sleep aids, our extended release melatonin helps you sleep longer. and longer. zzzq

and coming up next, jimmy kimmel's comments after joe biden speech.ape next and of wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. >> take a look at jimmy kimmel's so-called comparison of joe biden and kamala harris this week. >> making two years free for students, 62 billion, serving disadvantaged students, donald trump last year did this. >> i have some good news for you, i can proudly announce that an opportunity scholarship has become available and is going to you and you will soon be heading to the school of your choice. >> giving out one scholarship to one little girl, already enrolled in a great sc

joe biden at this press conference trying to pretend like he cares about working people joe biden is the enemy of working people just like kabul harris joe biden did the bankruptcy bill which made people who had medical debt and student loan debt and able to ever get rid of that and why did he do that he did that at the behest of wall street and the health insurance companies he's not doing that for workers there isn't a politician in power that cares about people more than they care about their own career or their career of their donors. well of course they'll be going on about the $400.00 stimulus checks which you said should be should be 2000 i mean just as regards world war 3 right at the beginning of that presidency said there will be a response to north korean missile tests how do you see the players behind by arguably if it's not him as regards the. war well it was great to see the american press corps once again saber rattle and warmonger about it north korea and china they did it on china to us hey what are you going to do about it they talk. the idea that there is another c

joe biden needs to decide, are you going to defend israel, joe? of course, if you watch this program you don't have to imagine what's happening in israel. we've been on the ground in israel. we've been there during these rocket attacks. we showed you the playgrounds that kids play with. they are indoors, in a bunker, constructed in a small israeli town, border town with gaza. why? because in 10 years they had 10,000 rocket attacks and it made it way too dangerous for the kids to play outside. so kids play in bunker playgrounds underground. we also showed you the elaborate tunnels constructed by hamas used by terrorists to bypass border security. carry out attacks in israel. these tunnels, by the way, were constructed with american and israeli funding. israeli american concrete and electricity, all meant for hospitals and schools and infrastructure. real infrastructure, not joe biden childcare infrastructure. this is why the trump administration stopped and halted millions and millions of dollars in aid to palestine. instead of helping the palestin

it was with joe biden.ng the gift that keeps given to vladimir putin and the russians and done it at the expense of american workers including a bunch in my home state of arkansas and the pipeline me shut down. >> the governor makes a good point. joe biden gave them a waiver. not giving america the same waiver. lied when he said it was about climate change. obama said i will have more flexibility after the election and hillary clinton handed over uranium to the russians but got a nice kickback to the clinton foundation. >> right. i heard the worst thing about betrayal is it doesn't come from your economies. you don't expect it to come from the president. president biden on april 15th he opposed the pine. blinken said during his confirmation, he testified under oath that he opposed this russian pipeline. even the european parliament voted 581-5 opposed at this time pipeline. the german partialament opposed it. biden shuts down keystone. -- the russian hackers shut down the biggest pipeline in america. we wer

joe: i'm joe weisenthal.aroline: the s&p 500 very little down, but the action is back in meme stocks. joe: the question is --"what'd you miss?" caroline: it was a rather ho-hum day for usa. the overall market's board, but there is still plenty to chew on. once again, we will be discussing some of the key movers on an individual basis. zinio is one we will be digging into in particular regarding its spin out. on the other cited the equation, are we seeing perhaps a selling in the purchasing? prices are falling in march. the case-shiller index jumping 13% from the same time last year. meanwhile, consumer confidence maybe worrying about these price inflations. before we dig into housing and inflation, we've got to talk a little more about what happened to zinio's stock after it spun off iac. joe: iac, the internet powerhouse, spinning off from zinio. the ceo of iac joins us now. we see the stock having a bit of a slump. what is your take on the market's initial read? >> it is a weird thing. we did not do an ipo

we all watched joe biden in 2016, we see joe biden today. we watch him, it's painful to hear him speak. you are aware of what was public information about his frontal lobe, both frontal lobe surgeries. do you see cognitive decline? >> absolutely. i've been saying this long before he was elected president, i said go back. we have four years of tape that we can look at and, he's always been different. he was making a comment the other day, made a quote that was a famous quote that reagan had used at the coast guard academy the other day and he got all those words right. he was the only one, he was the only one there but realized he made no sense. you can see when he walks, he shuffles. he has a blank stare and stares off into space. there's something going on and he's not inspiring confidence among the american public and not inspiring confidence worldwide. you are being tested every day on the world stage and world leaders are looking at him and they see what's going on. and it is not good. we need his physician and medical team to come out,

no, i didn't, joe!. >> this is modesty -- >> it's what we do at 10:00 agent night on msnbc every night. it's the modesty report. >> is that it? >> i'm bringing some modesty to the morning. >> we need some of that. >> and lawrence, you've always been known for your light touch. it's so great to have that light touch here. >> thanks for the great advice. >> let me ask another question that i've been trying to sort through and been talking about, you know, tactics versus strong. the republicans have the tactics down. and i think if you just look at the calendar, most people believe, the house at least is probably, historically, when you look at redistricting, going to have a great 2022, all things being equal from now until then. that being said, they don't have an overarching strategy. adam kinzinger is right, others right. they seem to be going down a road to nowhere. how do you tell the democratic base that there may be some rough times ahead, but the stay the course, because while they may do well in 2

distance at all between joe manchin and joe biden. a lot of times in these situations when there is a kind of tense situation between the senator of the party they are working through intermediaries. they are talking sometimes two other senators and to staff and all sorts of things, this is just joe and. joe joe is going to hold hands with joe until both shows and up doing the same thing. >> right and i took that walk and talk to actually be a good sign and there's been so much attention from the democratic party perspective how this roadblock in the president's agenda and i guess on wage were making the people acts and he's always out there to be the first person to say i don't know about with the president wants to do but the joe manchin we just saw said a lot of words and to jean's point, didn't say anything, didn't break any news but what i also noticed was by not saying anything he didn't pour cold water on anything. that was his opportunity to say that the president and i are differing on taxes and i have some issues with the ac

it's all because of joe biden. joe, what are you going to do about vladimir putin? we have a lot more. dig deep into your wallets. the experts and scientists and dr. fauci telling us the covid-19 vaccine would lead to a return to normalcy. now dr. fauci is suggesting that americans could be wearing masks forever! joe biden seems to have a cult-like obsession with masks and social distancing. months after getting fully vaccinated, it's so bizarre -- i have to give him credit -- even fake jake, cnn's jake tapper is blasting biden's approach. plus the latest from times square in new york city where this weekend a man shot 3 people in broad daylight including a beautiful 4-year-old girl. a young mother visiting for mother's day. how is the defund police movement working out? statistics are shocking. after new restrictions on police and a massive $1 billion nypd budget cut violent crime is out of control in the big apples and in cities across the country. we have an indepth report later. i have another message for the democratic party's favorite sycophant. jimmy kimmel.

joe pumping iron, you go joe, good job, the very good job, joey. the only problem is that video is from six years ago in 2015. and tonight it is extremely doubtful that joe is capable of such a routine, remember, we were the ones that told you we were told by everybody that the wind blew him over three times. it was a very windy day as he was climbing the stairs to air force one. not once, not twice, but three times the wind blew him over, very windy day according to press secretary jen circle back jen psaki. so much energy and vigor she can barely keep up with joe, wow, take a look. >> what more can you tell us about the president's health regime? we hear he is lifting weights, what sort of weights is he lifting? and what happened to his palatine bike, did he bring it to the white house? >> i did not know where this is going, but i am intrigued by it. i have nothing to read out on the president's private exercise regime, but i can tell you having traveled with him a fair amount, sometimes he is hard to keep up with. >> sean: really, jen, that migh

joe: just repeat the cycle. for more, let's turn to katie. as the cross as a reporter, did ever cross your mind you would be reporting on things like the confederation of north american bitcoin miners? >> i have to admit i never did. increasingly, it feels like tech stocks, crypto, it all trades together. there are some linkages there. you did see bitcoin take a leg higher. the most since march of 2020 as we got some noons -- some news about elon musk and michael sailor. they help form this bitcoin mining council. i was on the phone with council digital. they confirmed there was a meeting this weekend and they are forming a counsel to address some of these environmental concerns bitcoin has. it is interesting to see this move by the industry to address some of the spirit caroline: -- some of the esg concerns. caroline: i can see the institutional money managers. liking the fact they are taking the esg vibes seriously but the fact that once again a tweet by elon musk moves the market so much, it does not paint a great story in terms of where t

joe: the question is, "what'd you miss?" caroline: you could not have missed the sea of red across the screens when it comes to equities. tech getting hit hard as inflation worries back for some reason. bond market expectations for the pace of consumer price inflation's over the next five years. highest since 2006. we have seen this story before the. -- before, though. can the fed and jay powell do the same as commodities have been on this staunch rise upwards? ironically today, commodities fell a little. but it feels as though the mood music changed and tech got clobbered. joe: it does not change the narrative. commodities mostly have been going up lately. what did go down is tech. not all tech is the same because we talk a lot about moonshot tech, but also the big cash tech, bank stocks, these companies make a ton of money in the here and now. they had their wares day since the middle of march. the index down 3.6%, a downgrade, but really it was just a lot of selling. romaine: this is where i make a very insightful convers

anthony fauci and joe biden wearing a mask.to be able to breathe if they are vaccinated. >> sean: great analysis. we appreciate your medical information and in my right to say i'm not going to practice medicine without a license? everyone seems to be obsessed with wanting me to tell people what to do. i don't feel qualified, doctor. i didn't go to medical school or do an internship or residency, haven't studied medicine, i don't know why people want me to play doctor. am i making the right decision by not telling people what to do? >> that's malpractice insurance, play it safe. you don't want to have that. >> sean: i can see the lawsuit. follow hannity's advice and it didn't work out. inc. you both. when we come back, one space force commander spoke out against the inclusion of critical race theory in the military, was removed from his post as a result. that story, ufos, and more straight ahead. there with them. so when their windshield got a chip, they wanted it fixed fast. they drove to safelite autoglass for a guaranteed, sa

joe is clueless on what to do.months and years coming while the republican party has what is a new opportunity to change this trajectory for future generations. it's important. right now in the minority, the gop must fight tooth and nail. the first job is to stop the democrats huge massive, unprecedented power grab. court packing can't happen. ending the legislative filibuster must never happen. statehood puerto rico can't happen and hr1 has to be stopped. the unconstitutional legislation would give democrats control of all elections and outlaw any kind of voter i.d. at all. they don't want any. if any of these measures pass, there will be no more republican party. do you understand? no more opposition at least as far as the eye can see. one party rule forever and ever. and america the great republic it will be over. let's be clear. the republican party cannot just be against the liberal socialist green new deal democrats. liz cheney can help the socialists all they want but they are out of touch with the base of t

joe biden refuses to call out any members of the squad. it seems joe and chuckie and nancy pelosi are afraid of the squad. more on that in a minute. first breaking news surrounding zero experience hunter biden and family. the syndicate. according to a brand new report, in 2014 hunter was looking for ways to cut his dad the vice-president into the sketchy foreign business deals he was doing for the syndicate. now one email hunter references 2016 when jrb, that's joe's name. in 2016 joe biden was still the vice-president of the u.s. remember hunter's business deals were unusual. no experience in finance or oil or gas or anything to do with energy or any major industry. sketchy foreign nationals russia and china. forking over million dollars for what? look at this. these are all of the countries some of which we had not heard before where hunter biden discussed deals. corrupt countries: china and russia and the ivory coast and zimbabwe. why would you hunter doing business with any of these countries and why they would fork over cash to a crac

joe: you had a lot of substance. romaine: you have material stocks railing on the potential for what this proposal could be. we had all these means stocks railing. was it because of the infrastructure bill? >> i don't think so. you are seeing that comeback. some speculative bids broadly. amc and gamestop are back, but what is in our the ipo's. that is what was getting all the attention. this retail stock favorite stuck around, where the ipo's are not doing so well. caroline: they are worried about inflation. something jamie dimon is worried about. did they not get hit? >> inflation is a broad theme. there is an interesting take, controversial, but interesting, what if inflation is transitory and the search for return in means stocks, bitcoin, maybe that is driving commodity prices higher in addition to global supply shortages, deluding what you are seeing -- diluting what you are saying. the index is coming down. breakevens coming back down. when we talk about these massive trades succeed, or even these commodity ral

he was quick to say, as quick as quick to joe, that the kremlin was not involved. really, joe?e who knows russia knows hackers at that level are not only well known to the kremlin, but oftentimes work with their sanction. now, you wants to cut russia loose just like that? you don't even want to look into russia now that there are widespread gas shortages of price gouge? under president trump we were energy indiana net exporter of natural gas. you take away the keystone pipeline. a second pipeline is hacked and you are virtually putting us on our knees to the arab countries and opec. it on the took you 130 days. might hunder have a contract with them, too? we need gas to go on vacation and visit family members. a multi million dollar investment in an electric car company that you just visited as president are trying to wean us off gas by taking gas away. you know, the prosecutor in me makes we wonder whether this is all part of a bigger plan. joe, i don't want an electric car. america doesn't want electric cars. only 2% of americans even own electric cars. leave us alone. or doe

joe: the question is, "what'd you miss?" caroline: jaw-dropping data, no matter what is thrown at markets they take it in stride. high inflation? no problem. a massive mess in u.s. jobs growth and another record high. investors march on even the weakness intact this week. and real growing pains in this recovery, surging job openings, company saying they're having trouble recruiting workers. minorities and women still filling the unevenness of the recovery. joe, labor day, your favorite day today and you will dig into the intricacies but first the market reaction was standout. joe: it was weird, the number, no one was expecting that we can buy number, lot head scratching, still ambiguous what the story is. as soon as the never hit, it was clear we are not going to get any sort of taper anytime soon. you look at the nasdaq 100, companies most exposed to early tightening, immediate light up. market interpreting this as we are not getting any tapers soon but probably still things are ok so by stocks. romaine: yes and you see tha

and i think that speaks to joe biden's style. he likes to lean in and kind of get that whispery voice and that at some point was effective. but on the other hand, when there were lines that were meant for applause you noticed when there was not applause. one other thing i noticed that may not have been evident on the -- the feed you saw is more republicans than usual i felt were standing up for policy issues and especially when president beaudin, he did this on purpose, talked about jobs. i saw garrett graves of louisiana, mike mccall of texas, standing up to talk about climate jobs. joe biden tried to get them to stand and a few of them did. rachel: my eyes were on senator joe manchen who appeared to be taking a lot of notes there. lisa: he did. he is a lot like joe biden in many ways. one is that he thinks of heavily as a big policy guy. and he's very attentive and also likes the moment that he is in. a powerful one. rachel: ashley, i want to turn this to you. president joe biden, he lady out this very ambitious agenda when it

joe coley you are probably expecting me to say doge coin or something like that -- joe: you are probablyecting me to say something like doge coin or something like that. but i'm looking ahead to the weekend. caroline: it's all about the longer-term sectors. not that we are wishing our weekend away -- our week away. romaine: that does it for bloomberg's "what'd you miss?" ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> from the heart of our power, money and innovation combined. this is "bloomberg technology" with emily chang.