bharat ramamurti with a debt limit reached in agreement, will the house and senate pass it >>> john chambers is with us he led the downgrade of u.s. debt back in 2011. could we see another downgrade ahead? >>> later on, citi's chief economist in the u.s., andrew hollenhorsh, at least one more rate hike this year. >>> taking a look at stocks, the tech rally continues to power this market. the strength of the nasdaq, up 0.6% nvidia at the $1 trillion cap market, up sharply this morning. s&p 500 up a little more than 0.10%. dow down 120 carl, somewhat of a relief, i guess, at least a relief rally in the bond market for the treasury deal, although in the equity market is wasn't scared of the deal happening. everyone always said it would be an 11-hour deal, does does it hurt the economy, and jpmorgan and morgan stanley saying, not so much, at least when it comes to the impact of spending because we're going to keep the spending flat over the 2023 levels. >> your point in the last hour, it was hard to get a relief rally when there was no discomfort going into the situation over the weekend that sa

john chambers, thank you very much. thank you. >>> all right. make sure that you tune in at 9:00 a.m. for state of the union. the tentative debt deal right here on cnn. >>> this was a stunning vote against one of their own. texas gop lawmakers in the statehouse voted overwhelmingly to impeach attorney general ken paxton. it was after legislative investigation that alleged years of corruption. under state law paxton is temporarily suspended from his duties as a.g. and will await a senate trial. rosa flores has more. >> reporter: ken paxton has beenism impeached by the texas house of representatives. under the constitution he is immediately suspended and the texas governor has the power to appoint a replacement. let me take you inside this historic vote. take a listen. >> have all members voted? 121-23. two not present. the resolution is adopted. >> reporter: now, this is republicans policing republicans. the texas house is led by republicans. and the committee that investigated ken paxton is a republican. and he issued a statement after this hist

john chambers was s&p's sovereign ratings committee hair at -- chair at the time. he joins us now.e it happened back then in 2011. what was the tipping point that got you and your team to say we've got to downgrade u.s. credit? >> well, of course, it was a committee decision, and the committee at the time lowered the rating of the u.s. government are from aa to aa+ for two reasons, and they were two reasons that you cited. one was the fractious nature of the debate around the debt ceiling and the pact that you could have a very clear path to default which was only narrowly avoided, and the other was the fiscal trajectory which means the budget decision and the amount of government debt outstanding and the prospect that9 it would continue to increase at a rate that was no longer consistent with the aaa rating. liz: they never raised it back. long after you left it is still aa+. why? >> because those factors still remain. the projections we had on the budget were exceeded, actually. they've turned out on worse than we thought -- liz: great, great. >> -- and the political fractiousnes

stuart: i remember john chambers. >> that was the biggest talk in the world, 25 years ago. look at it now. [laughter] tell me about take two interactive. >> videogame maker, gaming is bigger than music and entertainment and movies combined so they posted better-than-expected sales to start this year but shared the week outlook signaling a strong teacher gaming slate for them that could mean more gaming and sales for the rest of 2023. stuart: allie bala came out, did they include mention of ai? >> they launched -- >> it wasn't a great start in 2023. amazon missed sales and profit to start the year end that despite the first full quarter they got, they factored in the fact that china has reopened to cover the lockdowns and this is after historic unit split. the stock is interesting, it's been volatile in the premarket so it gift, spiked after they said they are spinning out. they will ipo there large unit in the next 12 months or so and make sense, the cart division is one of the top five cloud providers, i think we forget that sometimes and it's evaluation has been weighed d

figure out both what their advantage is and what their exposure is >> i remember interviewing john chamberss ago and he said every company has to be a digital company. if you're not digital in some way, you're dead that sort of fast forwards six years to the ai thing. it feels the same way to me. if you don't adapt to it, somebody is going to come along and take your share. i was going to use another word. >> indeed. and the difference, though, is that not every company can fundamentally build digitally so they got to partner sometimes with the right companies you say every company is a tech company. no, they're really not not every company builds great technology they have to decide -- >> the success of a dominos pizza, chipotle, mcdonald's. i was skeptical early on of the idea every company has to be a tech what does that mean? but then the ones winning, starbucks has mobile apps and digital optimization and lean into that and they have been the ones that won over time it seems to me. and the restaurant in town i'm sure you use, it is a digital company man. >> well, it hired the right par

s&p committee chairman john chambers.iss it. what happens if the rules committee has stumbling to do to get the debt ceiling passed. "kudlow" is next on that. ♪. larry: hello, folks, welcome to "kudlow," i'm la

bharat ramamurti with a debt limit reached in agreement, will the house and senate pass it >>> john chamberss. debt back in 2011. could we see another

associated press, the chief white house correspondent at the new york times, john bresnahan, punch bowl news, and francesca chamberss the white house correspondent for usa today. it has been a murky, confusing and difficult month for all of us in washington for the country. i would like to have a clear look for the country at this table, a clear look at the mud. bres, let's start with you. the $1 trillion, the $100 trillion question is where are we? >> they do not have a deal yet. treasury secretary janet yellen put an x date today, and it is, she established it will be june 5, which had been, she had been fighting it. -- fudging it. it hurts that it helps, it gives them a hard deadline and extended it by four days we all know congress of they have four days they will talk for four more days. i talk to some senior republicans on the way over tonight. they do not have a deal. they are back in the capitol still talking to the white house. they think they are close but it is the last mile. they do not have an agreement on spending or spenng caps or work requirements for social programs, the three big issues they have

. >> john: in terms of your chamber, chuck schumer said we need a bipartisan bill and bipartisan support chided mccarthy for not having a bipartisan bill, passed along party lines, though it was the only thing that constituted actually here is a proposal. what do you would a bipartisan deal constitute? >> well, i mean, i think there are things the house put on the table and honestly, it is the only thing out there and incumbent on the president to enter into a negotiation, those are the two entities to get the bill signed into law. >> john: does there have to be spending caps? >> spending caps, clawing back on spent covid money, i think some of the proposals on work requirement are very fair and fiscal benefits down the row. >> john: basically you are saying the republican bill. >> they ought to make a deal. $31 trillion debt and the amount we are paying for interest from 22 to 23 is increasing by 39%. we are going to spend $663 billion this year just on interest which is approaching what we spend on national security. >> sandra: one thing you are talking about the moving deadline, i mea

john avalon and correspondent for "the new york times." good morning. >> good morning. >> good to have you. also interesting fact i learned over the weekend, the only black person that served in both chambersl. john, i believe you were the first to write a column back in the day saying nikki haley, the ven governor of kk kk should put tim scott in the seat. >> now they're both running. >> south carolina. the eyes of the nation turn to you. my folks move to south carolina 30 years ago. i know south carolina politics. and i think the fact that nikki haley and tim scott are both running speaks to the deeper diversity of the republican bench in the south than people think. and i think both are going to be very -- play significant roles. >> he said the mess of the country is opportunity not oppression. that could sell twwell to a national audience. >> look at his story. >> exactly. the way he says, look, my faith journey, conservative christian principles are what led me to p pinnacle of a place in the u.s. senate. that can be a compelling message. you swee with cnn reporting backing him for president. that speaks the fact that he is respected among his peers, something that other frontrunners

slinging mud against his fellow republicans, and we will see him endorsed by john thune who is respected in the upper chamber, and we will have to see if the popularity is going to translate to the voters in new hampshire and iowa and right here in south carolina. >> thank you for being there, eva mckend. >>> now, as we are waiting for this to happen any minute now, here is more on him. he is 57 year-old and if he wins republican nomination, he would be the first black person to do so. with the big launch, he is going to join a crowded field of candidates, and soon to join the group back here, notably, because it is going to be happening this week, and soon to be joining this group is going to be florida governor ron desantis, and he is expected to make his presidential announcement this week, and so this is a big week in republican presidential politics, but as you are looking at the field, keep one important fact in mind, the polls are showing donald trump as the clear frontrunner in the group. tim scott is the first black senator elected in south carolina, and now he has to introduce himself to voters not

. >> john: the show is a gem, it's a piece of chamber theater.formative story and his life. a story about texas and his family, but mainly it's about a very crazy entanglement within eighth grade history teacher. we've been doing previews for two weeks and people have been loving the show. you've got to go down to the theater and i include all of you in this. [cheers and applause] you know, it's a little 99 seat theater, it opens in two days and we people find out about it, it's impossible to get in. get your tickets and act now, and don't tell anybody about it! that's how i've chosen to sell. >> stephen: fair enough, play hard to get. it's lovely to see you. tickets to "everything's fine" are available. john lithgow, everybody! we will be back with tony award winner wendell pierce! ♪ ♪ narrator: the man with the troublesome hemorrhoid enters the room. phil: excuse me? hillary: that wasn't me. narrator: said hillary, who's only taken 347 steps today. hillary: i cycled here. narrator: speaking of cycles, mary's period is due to start in three days

john f. kennedy who said it best. israel was not created in order to disappear. israel will endure and flourish. it can be neither broken by adversity, nor demoralized by success. kennedy's words echo throughout this chamber today. ladies and gentlemen, israel's rebirth is nothing less than a modern miracle and i thank you for it. [applause] the source of that miracle is the people of israel. in those dark days thousands of years ago when the jewish people were scattered from israel, the prophet isaiah predicted a brighter future to come, inspired by god he shared this command, arise, shine, thy light to come. my friends, today 75 years after declaring independence, israel lights shine brighter than ever before. [applause] >> despite the constant threat of terrorism, israel remains a thriving democracy in the middle east. israel's economy once relied on rationing food and oil, today israel is ranked as the fourth best performing economy among developing nations. [applause] >> it's market economy is dynamic and its remarkable people are bursting with talent and ideas. its innovative high-tech sector has rightfully earned the nickname that israel has, the start-up nation. it was theodore holmes, the founder

get it on both chambers of the congress and get it through votes and all of those questions as the deadlines loom. >> a bit of progress, but as work continues as time continues to tick. john? >> and now, the founder and leader of the oath keepers are going to be sentenced for his part of the attack on the capitol january 6th. he is going to be the second part of the sentencing. the prosecutors want between 10 and 25 years. cnn crime reporter caitlyn polanz is watching this for us. what are you seeing? >> we are in the second part of the trial of the hearing, and we expect this hearing to go on for a little bit of time today, because many things have to happen in a sentencing hearing like this. there are arguments from both sides. we know that the justice department is going to be asking for rhodes to be sentenced to 25 years in prison, and so that is by far the largest sentence any january 6th capitol rioter would be facing if the judge amitt m metawants here. but the other side does not want that much, and looking at the arguments in writing and one of the things is that he should be credited for the amount of leadership that he had in the organization for all of these y

was appointed to the chamber by then governor nikki haley who is now running her own presidential campaign. scott now touts two endorsements from his fellow senators mike rounds and johnhune of south dakota. >> why did you choose to endorse? >> i'm a big tim scott fan. is he a guy who is solutions oriented and wants to get things done. >> scott sat down with scott for exclusive interview ahead of his launch. he says he hopes voters won't focus heavily on race in this campaign. >> i don't think of myself as a black republican. i think of myself as an american blessed with the greatest citizenship on earth. >> scott faces stiff competition including from former president trump who today wrote: good luck to senator tim scott in entering the republican presidential primary race. it is rapidly loading up with lots of people and tim is a big step up from ron desanctimonious unelectable. >> the senator is still in south carolina tonight but late tomorrow is he going to rit the road and in wednesday be in iowa. thursday, new hampshire, and is he going to be out there trying to win over some voters in these early primary states. but a big factor this is also going to be about

johns and should be joining us be afforded when the item is reached in the meeting. each member of the public may address the commission for up to three minutes. in the chambers please come forward. >> calling in remotely to comment, press * 3 (star 3) to "raise your hand" or raise your hand via web didn't general public is closed and move on to the department matters those items raised at public comment. in response to public comment, the commission is limited to: >> rich, happy to provide an update on recent happenings at the board of supervisors introduced landmark initiated the landmark designation for the park so that will be before you on that and staff will be handling that and incorporated the item when it is rode and as you've seen not news the castro theatre passed under the land use and do land use committee made a recommendation 2 to one to includes as part of the landmarking and that item is before the board before the sub board yesterday they continued the item until june 6th and as such we need to make sure that the board has weighed in on the landmark and hearing on corvette theatre on may 18th and have another joint hearing between the planni

john durham report. the reaction, i'm interested in yours to the durham report in the last 20 hours or so. caller: i will honestly say that both chambersnight had questions on, but it was not the dominant topic of conversation among lawmakers last night. even those who you might really expect to latch onto it. i think that there is an understanding that that report was above board. so people are mostly taking it at ace value. trump supporters are leaning into the message that it confirms some of the digging into him could have been political. but i also, we are also seeing congressional action on this with the weaponization of the federal government committee and investigations into biden and his family. so there is a kind of counteroffensive underway in congress. host: and there has been an invitation from the house judiciary committee to discuss the report, so more to talk about on that front potentially in the weeks to come. katherine tully-mcmanus is the politico author of the huddle newsletter. if folks want to sign up? guest: politico.com/huddle. host: and you can follow her on twitter as well. we always appreciate your time. gue