jon: absolutely.hose comments from the ceo of credit suisse about how the bank saw inflows of client funds monday after markets were polled by the collapse of silicon valley bank. we were having a conversation around health the fed navigates it interest rate goals with the collapse of silicon valley bank. for credit suisse, navigating a restructuring and the desire to bring more funds into the business also complicated. sonali: very complicated. last i looked, credit suisse traded at record lows. before the market open today, the stock had dropped in switzerland as well but got some relief when we spoke to the ceo of the bank this morning. he said it is because he is seeing some inflows and even though the outflows are still there, they are slowing. that is positive news from the ceo of credit suisse but this is the real catch. this notice of material weakness, especially at a banking from where you are full of cfa's and it is difficult to see material weakness. not only did the stock drop but you als

jon: sorry, go ahead.etsy: if you listen to christine lagarde, her comments were very strong and that they can fight both issues at the same time. the tools are different. they went ahead with a 50 basis point increase. jon: we were referencing your time as a fed governor. we should provide context around that, the fact that you started in august 2008, weeks before lehman brothers collapsed come almost immediately there were massive decisions to make, including providing capital to aig to avoid collapse. looking back at those years, you talked about the need at times for the fed to act like a first responder. would you say it is in one of those times of need again? betsy: salute lee. the first responder -- absolutely. the first responder and bank deposits. there is no bank in the country that can withstand or run at the speed and magnitude that silicon valley had. that has nothing to do with how sound they are. they are well-capitalized and credit is good and earnings are strong so the banks are in as good

jon: let's build on -- kriti: go for it. jon: sorry.et's build on those comments that crete he alluding to. what would you say the market is expecting with that fed decision? huw: --padhraic: over the past year, they have raised aggressively. they went from 0% to practically 5% in the space of a year. induration terms, that is massive. that is the starting point. and it brings us to a position where the fed already has conditions quite tight. there was also risk that something could break. the key thing is that when the fed was delivering those rate hikes, the system was in good shape. we said this a lot last year. don't worry about equity markets falling, don't worry about negative price action on bond markets. the key thing is, can the system take it? up until now, the system could take it. right now, it is a big question as to whether the system can take it. we are facing the cpi number tomorrow. i think the fed will be crossing their fingers for a number of 0.3% on the month or less. kriti: what does that then mean for the sensitivi

jon: that will be seen in some banks.iaries from everything playing out right now. we will continue to watch that right now. as we talked about, the banks themselves have been broadly seeking gains today. the s&p up about 0.3%. this is bloomberg. ♪ what does it mean to be ever better? its your customers getting what they ordered when they expect it. discover how ryder ecommerce makes your customer's experience ever better. so... i know you and george were struggling discwith the possibilityerce makes yof having to move.erience how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe

jon: it is ridiculous. backyard and every time i went near them, don't touch them. jon: this was nice. i can tell you more stories in the future. tom: only person in america who went to college and the food got better. that is how bad things were. jon: we have cassie barra -- kelsey berro with us. i have no idea what this is about but here is the quote from him and he thinks if we go back to 50, it would be confusing to the market. i hope they don't do it and i hope they are willing to one a string of 25 basis point increase is. that chairman has opened the door to 50. how problematic is that? kelsey: if you think about the way that powell has been communicating about getting restrictive, there are three dimensions. there are the pace, the level and the direction and what powell has been doing is saying, we have hiked a lot. don't worry about the pace. it is about the level we get to and the direction we stay at that level. yesterday, he threw that out the window. that is confusing and i think the key takea

jon: mike mckee joins us now. the market seems to be rallying on the idea that there are signs of inflation cooling. is that a story markets will continue to get behind? >>so many things have come up random basis. we all have t-shirts that say we survived the great banking the market is very data dependent -- the fed is very data dependent. it appears the fed is making progress on inflation, but they still have a ways to go. the pce index numbers out this morning show us what we are seeing is a steady but slow decline and you have headline pce inflation at 5% and core at 4.6%. both of those are more than twice as high as the fed target. we will keep going, the fed will raise rates one more time than probably leave them there through the end of the year. alix: i should point out that inflation data is different than europe. do you think it's possible we will get central-bank diversions with the fed and ecb? that's going to be a crazy event if that happens. >>>> it depends on what you define diversions. the ecb is a

i am kriti group alongside of jon.our, you heard a home and speaking about svb. -- mohammed speaking about svb. joining us now for a roundtable discussion not only on the collapse but the company itself is david. he has a neutral rating of the dock, a $200 -- stock, the $200 price target before the chaos. he is also on the sidelines with a market perform. lovely to have you both on. chris, when start with you. is this a canary in the coal mine type of story? >> absolutely not. we have been writing since october that silicon valley is an outlier. you can see that already the third quarter results, remember the third quarter rates started rising. for the rest of the industry there are assets yields going up 23 basis points more than the deposit cost. for silicon valley it was the other way around. in the fourth quarter the rest of the industry again benefited, meaning the earning assets repriced more quickly than the deposit cost. the rest of the industry earning as it's went up by nine basis points. fore silicon valley,

jon: the bridge to nowhere.e fed heading into their quiet period of market left to its own devices. romaine: happy -- day. >> looking at a busy day. we have washington news, big news coming out on the eco-data front. traders with nowhere to go but down today. romaine: in the last 30 minutes or so, we have seen deterioration in the market.

jon: welcome to bloomberg markets. kriti: let's dive into the price action because we have a selloff after we heard chairman powell's testimony in congress. he says he wants higher for longer because he wants to tackle in laois and in the bond market says that's old news but the equity market is taking it on the chin. the vix is still at a 19 handle. when does that change if we see more hawkish rhetoric out of the fed. the 10 year yield is not doing much but -102 basis points is where we are at. we saw it back in the 1980's and the dollar is where you are seeing the action, a stronger dollar by almost 1%. jon: in the sectors, notable weakness for financials right now. j.p. morgan is off about 3% on that news, struggling in the face of those comments. not all stocks or week, some of the airlines are getting a nod from certain wall street analysts. ww international, the former weight watchers has been hot, close to 50% up, opening the door to possibly be in the prescription weight loss drug business. rivian stock is on t

jon: i appreciate the time as always, herman chan.o get to some breaking headlines from the bloomberg team. citizen -- first citizens is said to continue its pursuit of silicon valley bank. they will try to acquire all of the failed svb, according to the people who spoke to bloomberg. breaking headlines from the bloomberg team. it may also participate in the auctions for the two parts of the company, according to one of the people who didn't want to be identified. still hoping to strike a deal for all of silicon valley bank. we will see how this plays out in this quickly changing regional landscape. we are also watching the story of the road ahead for credit suisse bondholders after all the big concerns that were tied to the ubs deal. we will get insight and analysis coming up after this break with ed devlin. stay with us. this is bloomberg. ♪ ♪♪ ♪♪ ♪♪ a feeling this electric is invite only. ♪♪ fortunately, you're invited. experience the elevation of electrification at the invitation to lexus sales event. is an elegant ev. yeah, with

jon, you know this. you know him well. but in the end, being indicted never helps anybody.ons, i think this is the one where people know the most, and so because they know the most, they're going to take it less seriously. i don't think there's many americans who don't believe that donald trump had an affair with stormy daniels and that don't believe he paid her money at the end of the campaign to keep her quiet. so i don't think the american people probably see this as a huge crime, but the vision of a former president of the united states being processed, fingerprinted, mug shotted -- >> mug shot. >> you know, what else you expect trump to say, as i said to george last week, other than to say it helps his campaign. being indicted i don't think u have a democratically prosecuting him over hush payments to a porn star? this wouldn't be the one case donna brazile would bring. >> stephanie clifford is her actual name. she's a native of louisiana. she lived in louisiana. >> of course, she is. >> so, yeah, but let me just say this, donald trump was being provocative. donald tru

jon: and news. as well.t is supporting across passable and football but let's talk about the border economy. if you have money to put to work at the moment, how easy is it to transact? steve: there is plenty of opportunity and there is a growing biotech sector in u.s. there are technology companies doing well. this period reminds me of coming off the tech crash and a 99. -- in 99. in those days, i would fly to california and someone gave me a term sheet and say you have two days to decide if this country is worth $100 million and has no sales but it is great to put on the internet and i was incredulous. i had many beatings and i was disoriented -- many meetings and i was disoriented. it crashed down in april. lisa: do you think we have gotten a washout that you got in 1999 and heading into 2000 but do you think this is a tenuous moment where valuations have not found the floor? steve: it is still tenuous and people are going to basics and looking at plat -- as cash flow and looking if prof -- have profitabil

jon: this is "bloomberg markets ."m john with alix steel, as in biden is excited to address the canadian parliament at the top of the hour. he met with canadian prime minister justin trudeau on a variety of topics. the two leaders will hold a joint news conference later today. joining us now is chris or sans, director of the canada institute at the wilson center. we should point out that the president brought a lot of his team to ottawa. members from his candidate -- cabinet, with a to do list. guest: you can see that this was an acknowledgment that so much of the relationship is domestic, domestic agencies like energy, transportation, they need to be part of the management of this relationship. there was very smarter president biden to bring them. it suggest a much broader agenda than the one at the top that was first foreign, traditionally when you see an american president go abroad. the domestic issues are rising in importance. not just to the u.s. but also to the canadians. jon: a lot of people are curious how the

jon, he is 100% right.tervention could come in so many ways, something not on the minds of the swiss international bank, but i wonder if it will be as they see the u.s. treasury and federal reserve actively comment on what the exposure might be. jon: and all the monetary policy front, we have gone from the conversation on the fed changing course to what andrew talked about on the ecb, which is also on the agenda this week. kriti: the markets are selling off, the s&p 500 down 1.3%, 10 year yield, 22 basis points lower. stick with us. more markets coverage ahead. this is bloomberg. ♪ ♪ >> price risk on the balance sheet. the market correcting or at least adjusting to what we now know or maybe we don't know. romaine bostick alongside scarlet fu picking you up to the close. scarlet: this is an example of how viral risk aversion can be. this is happening on the ides of march. romaine: the ides of march, they are a precipitous time for all of this to happen. it gets to the idea of how fragile the markets are and

>> i think that's yet to be seen, jon. i must tell you that i think we'll have better choices. we're going to decide as a family whether we offer ourself as one of them, but i think different times call for different leadership. >> you had said back in september of 2020 that president trump, he's a man of his word. >> mm-hmm. >> do you still believe that? >> i'm very proud of the record of the trump/pence administration. >> is he a man of his word? >> on one issue after another, we kept our word. whether it be military, cutting taxes on unleashing energy, supporting the border, giving us a new beginning for life. one issue after another. i saw the president keep the word he'd made to the american president and i was proud of those four years to stand with him. that grates on some people in the national media, jon, but as i wrote in my book, i am proud of our work in the administration. it didn't end well. we saw america through that pandemic and led our nation through greater prosperity and scurity in those first three years than any time of my lifetime, and i'll always be prou

jon: this is bloomberg markets. of the commentary from former starbucks ceo should -- ceo howard schultz defending the company's labor tactics. hundreds of branches across the nation voted to unionize and josh ellison is at the capital building covering this. how has that message, the idea of not standing in the way of the unionization efforts, been received today? >> this was a sharply divided hearing with democratic senators questioning and sometimes blasting schulz and republicans rising to his defense and suggesting the committee should be investigating the national labor relations into whether the government is giving the company a fair shake. sometimes we so democratic senators comparing starbucks to someone who gets 100 speeding tickets and blames the cops, raising the story about howard schultz's own humble experience and suggesting he should treat workers better than his father was treated. we sell republicans respond by accusing the hearing of being a sham and rand paul ayn rand saying people are not grate

jon: we are also watching this in canada. that sizable stake in charles schwab and many people are watching it here as well. we should point out that schwab has taken pains to talk about what they view as the wrong perception on those long bonds they have held which people got concerned about whether they would have to sell those at a loss. what do the analysts see that perhaps schwab is saying differently? >> what the bank said is that shouldn't be an issue. they had more than enough liquidity to meet withdrawals. however, what morgan stanley is seeing is that profitability will ultimately be hit. downgraded his expectations for 2020 three and next year by 30%. jon: we appreciate that break down on the schwab analyst commentary today. we will continue to watch that story. let's get back to the story -- we are learning that the biden administration is calling on regulators to tighten the rules for midsize banks, the latest step in the response to the banking crisis that led to the failure of several regional banks. josh when

jon: that was obviously seen as a bearish sign for crude.he demand and supply stories, in many ways, have not been supporting the price of energy of late. here in canada, where there are a lot of energy investors, they are seeing green on the screen in north american trading today. you see that reflected through names like dow component chevron or a name like exxon. investors giving energy a fresh look after those challenges we saw when prices were hovering around the six d5 dollar level. we are starting to sing that improvement. -- even though it is led by the banking sector, that is the point. getting messages of confidence out of washington, certainly leading investors act into the bank stocks. first republic, how could we not talk about the sizable advance in this volatile stretch, right up around 54%. you see this reflected with some of the standout names within the dow jones industrial average. a stock like jp morgan, goldman sachs, and also the renewed interest in sub technology companies always for different reasons. we have seen thi

jon: welcome to bloomberg markets.t's dive into the price action because green on the screen for the s&p 500 higher coming off of session highs but nothing to scoff at. the yield move is more notable as we see the fed get repriced for next week. is the banking chaos in the rearview mirror and does it change the economic outlook? the two year yield is higher by a move of 24 basis points. it's not the dollar that's getting the bid, it's the euro, $1.06 on euro-dollar after the latest headlines out of the ecb that other than a 50 basis point hike might have spooked investors. that's an important piece of the equation and how they view the 50 basis point move. all these questions we will ask michelle meyer coming up. jon: that was an excellent piece of bloomberg reporting on the ecb decision. one of the storylines in a whipsaw day that started with all the attention on credit suisse which is up by about 4%. these latest developments as we tracked the story with first republic and those deposits that, based on the reporting

hello, i am jon scott.utfeld is moments away but first, as you probably saw former president donald trump wrapping up his speech on the final day of the cpac conference, national harbor maryland, the former president laying out his case to supporters about why he feels he should be the gop candidate in 2024. mark meredith has been covering it all, live from this conference in maryland for us. >> good evening, former president speaking for nearly two hours covering a lot of different topics. to sum it up in a few words or so, he talked about what he would do in the white house, the rising crime and inflation, the war in ukraine and disputed clear that he would finish what he started. i didn't necessarily hear a ton of new information, he set a collection of the hit we saw rolling out his campaign a few months ago after the midterm elections. for the warmer president though, here at cpac was what he expected to get, it's a trump in the crowd, not every chair was taken up however, it was a larger audience than

but make no bones about it, jon. the reality is president putin's world is shrinking. >> john: just so people know the countries in red are the countries who have signed on. the countries not in red heaven that does include india, chyna, russia, the united states. very big country not part of it. of course in an address last night ukrainian president zelenskyy that the day will come when all the perpetrators of war crimes against ukrainians will be brought to justice in the health of the international and national court. how is this decision? how have these charges been received today in ukraine? >> clarissa: with grea t positivity, unsurprisingly. ukraine is also not one of the signatures of the icc. and yet they have opened up their country and said they have given full jurisdiction to their territory. because they understand the importance of having some of these crimes paid attention to. the chief of staff of the presidency said this is an important first step. but it is just a first step, basically. a lot more n

>> jon karl tonight. jon, thanks so much. >>> now to the crisis at the border tonight.s this evening that the white house has privately discussed the possibility of reinstating the policy of detaining migrant families who cross into the u.s. illegally. let's get right to our senior white house correspondent mary bruce. mary, i know you've learned this is, in fact, under consideration, not a done deal. but if so, it would be a major reversal here. >> reporter: it would, david. president biden was quick to stop this policy shortly after he took office, but now, we've learned that detaining migrant families is back on the table. now, no decisions have been made, but i'm told that any family detentions would be limited to just a small number of days to allow for swift processing. now, this would be significantly different than the policies under former president trump, who, of course, separated children from their families and sought to detain migrants indefinitely. all of this comes as the administration is now scrambling to tackle what is expected to be another surge at t

had jon on the state today that would not be based on science. there was no alternative that even goes to keypads. we have said and we been very clear at the white house are very cleargo with the president, conical has too. they coded to pads it's economically not viable. will view it as a denial and then we will see but is not going to be pleasant for anybody. again were trying to convince him we are very respectful in our meeting with the president but those four reasons on why they do racial justice workers national security, highest environmental standards this should be the project joe biden, president biden should want to approve and i certainly hope they do it for the benefit of american alaska. >> is a path out here you refer to the federal government as alaska's landlord. what kind of landlord is it? >> i'm trying to be really nice i'm trying to get them to issue a nice record of decision for us. >> okay withdraw that question. quick siebel will toilets out there at the beginning of the meeting i provided the president again respectfully

a71 for the world number one jon rahm. there have been some _ world number one jon rahm.orld number one jon rahm. there have been some low scores. how is it looking at the top of the leaderboard at moment, iain? {had leaderboard at moment, iain? chad rame has leaderboard at moment, iain? chad ramey has set _ leaderboard at moment, iain? chad ramey has set the _ leaderboard at moment, iain? chad ramey has set the pace _ leaderboard at moment, iain? (ian. ramey has set the pace with an eight under par 64, collin morikawa looking much well like the player who won the open championship just a couple of years ago as well. very, very impressed by him. justin rose, a three under par 69 as well. there has been a lot of good golf played, but as rory mcilroy proof, if you are a little bit off, the thicker rough makes it harderfor are a little bit off, the thicker rough makes it harder for players this year. i rough makes it harder for players this ear. . ., , , this year. i am not sure he is on the leaderboard, _ this year. i am not sure he is on the leaderboard, but _ this year. i

jon: isn't it always that way? nice.ou up-to-date with news from around the world, i am lisa mateo. the pentagon released video footage showing a russian jet dumping fuel on a u.s. surveillance drone in international airspace and collecting the aircraft, challenging moscow's contention that it no role in the downing. the chairman of the joint chiefs of staff says the u.s. does not seek an armed conflict with russia in the wake of a spy drone incident. defense secretary lloyd austin met his russian counterpart and spoke yesterday in what appeared to be an effort to reduce tensions. treasury secretary janet yellen plans to tell congress today that the u.s. banking system remains sound. she's looking to reassure lawmakers, depositors and investors before taking what are likely to be tough questions about how the sector was regulated. the hearing comes amid tumult in global markets and worries about financial stability after the rapid collapse of three regional u.s. banks and troubles at credit suisse. global news powered by

jon, thanks to you as always, and tune in to "this week" later on this morning for the rest of jon'slusive interview with former vice president mike pence, plus, jon interviews senator elizabeth warren in the wake of tougher bhanganking rules in light of recent failures. whit? >>> we turn to the latest on the banking industry following the failure of silicon valley bank. reports this morning that ubs is in talks to take over credit suisse. abc's elizabeth schulze joins us from washington with more on this. good morning. >> reporter: gio, good morning. one week ago today the government took rare steps to rescue the customers of silicon valley bank and signature bank. now another embattled bank, credit suisse, needs a lifeline, and it's hoping to find it from its rival, ubs. the two banks are reportedly in talks to merge as soon as today. it's part of an urgent effort by global regulators to boost confidence in the banking system. both banks are declining to comment. swiss authorities already pumped more than $50 billion into credit suisse last week, but that was not enough to convince

please welcome jon favreau!m doing great, how are you doing? >> jimmy: i'm doing well. your big red carpet premiere of "the mandalorian" last night. >> yes, the el capitan, a lot of memories there. all the marvel stuff, all the disney stuff. >> jimmy: are you superstitious at all? is that where you want to do it? or is it because disney owns the theater? >> disney owns the theater. [ laughter ] >> jimmy: i heard the red carpet covered your star, your brand-new star on the hollywood walk of fame. >> my brand-new star, thank you. [ cheers and applause ] >> jimmy: that's disrespectful. but congratulations. >> right near yours, i noticed. >> jimmy: we're in the same neighborhood. >> right in front of here. they cut a hole in the carpet, when is very nice, very thoughtful, for the premiere. there was just that. >> jimmy: i like that. >> a little light on it. >> jimmy: that's good thinking. yeah. it's your star, then i think snoop dogg and then marla gibbs and then me. the four of us are together. >> snoop dogg's ther

jon: let me dig deeper into that.ario where the court since you back to the sec and the obligation -- application process against again? can you clarify what your expectations are? guest: it depends on the outcome of the case. there are opportunities to appeal the case in the event the courts do not rule in our favor. ultimately this case could be appealed all the way to the supreme court if necessary. coming out of oral arguments yesterday our team was encouraged by the way oral arguments transpired. we remain hopeful the courts will be ruling in our favor. >> can we talk about your fee structure? extremely high fees, you charged 2% on the net assets, you compete with products for 3%, walk is why the three-part -- 2% is worth it. >> the business model was a little bit before it's time. the product goes back to 2013. the fees have remained consistent throughout time. i what i will say to you and -- before and again today, we are committed to rib -- lowering the fees when it is converted to an etf. >> given that gtpc b

jon: there we go. >> 3.00% minimum. jon: wow.orrection, because it's an important one. there's a difference between a three handle and 3.00. lisa: his point is a provocative one especially since people used to think we would be in a higher inflationary environment and see higher real yields for longer. that leaves a lot of people to pile into duration and you wonder if that's creating some instability on the long end -- some stability on the long end. jon: it is back to three, not back to zero. bob's point is that every cycle, the low gets higher and the high gets higher. higher lows and higher highs. that makes sense i hope. 3.61% on the tenure, the two year 4.22%. bessie duke joins us next. ♪ >> keeping you up-to-date with news from around the world, i am lisa mateo. a rescue of first republic bank may rely on u.s. backing to encourage a deal to shore up the lender. bloomberg has learned wall street leaders and u.s. officials have floated a variety of measures to make first republic more attractive to buyers or investors. the b

and we are back with jon stewart.o nowadays when you watch republicans campaign against democrats, they don't campaign much on what they used to. which was, you know, the democrats were big spenders or whatever. you know what it's all about critical race theory and cancel culture stuff. the biggest problem does it work and what should what should democrats do? are they falling for a bait in doing this and talking about these issues? uh, i mean, i don't know if they're falling for a bait, but i mean, i think again. i don't even think half of the republicans would do it even mean it. i think it's they think it's think it's worth what would you do if you were out of governing ideas? if you if you didn't know how to govern a country of this magnitude in the country of this diversity, and you basically are running on government is broken. and then when you get an office, you have to be terrible to prove the original premise like it must be great to be able to do that. this government doesn't work and by me, not funding it

liz: what do you think, jon?how a man can change when they start going on television every second. i imagine most government bureaucrats are not so ought attuned to every thing in life. he is in image making mode. best show his legacy and on votive candles i see in liberal homes in new york. ever see the fauci candle? liz: the fauci candle. we've seen it. dr. fauci says covid vaccines will not get rid of covid. watch this. >> are we going to eliminator sars-cov-2? sorry, no. why? unfortunately as i mentioned on a prior slide the evolution of ge. [a, typically diverse variants just keeps changing. you don't have a stable virus. importantly something we all know, that the vaccine induced and infection induced immunity is measured in months, not in decades or lifetime. liz: jon -- >> deep or well-territory. liz: he told the world vaccines worked. told americans vaccinated they work. get boosted they work. in the same pbs documentary, telling people in the most poverty stricken areas in the d.c. area get vaccinated t

and jon karl live in washington tonight. jon, if, and this still remains a major if, the former president is indicted, walk us through what could potentially happen next here, what do we know? >> reporter: well, david, it is important to emphasize that we do not know if an indictment is coming, but abc news has learned that today, the secret service had a call with the nypd to go over logistics, including security at the courthouse in the event of an arraignment, if he is, in fact, indicted. what would typically happen in a case like this is, he would be permitted to turn himself in for booking. that would include fingerprinting in normal cases, and the taking of a mug shot. also, in cases, it would typically include the defendant being handcuffed. we don't know if that would happen in this case, david, but i do not expect that would happen if he is indicted. >> again, if. all right, jon karl leading us of here on this monday night. jon, thank you, as always. >>> we're going to turn now to russia tonight. china's president x

jon: we mentioned to headlines from senator warren.e put out a tweet as well. "fit chair powell contributions directly contributed to that. " other people think it is a poorly ran institution. she says it is appropriate for the vice chair to have the independence necessary to do his job. i imagine senator warren wouldn't like what she is hearing. tom: there is many bars out there. michael bar -- jon: that was andy barr, forgive me. tom: i read this statement many times. there is michael bar, bloomberg sports, and vice chairman. and then there is andy barr. he does that with maria right now. you are going to see republicans pushing back as they did. there is immediate and raging debate over how the republicans and which part of the republicans, how they will respond to this crisis. jon: republican representative andy barr. thanks for that, takei. -- thanks for that, tk. we catch up with republican, french hill. futures positive. this is bloomberg. ♪ lisa: keep you up-to-date with news from around the world with the first word i am lisa

jon karl tonight. >>> here in new york city, a deadly wall collapse. one worker killed. >>> the major move tonight by weight watchers. what the company is doing that may help give customers access now to key new prescription diet medica medications, including 0 semi pick. what this means. >>> and america strong tonight. the high school cheerleader, suddenly without her team, all alone at the competition. so, who filled the stands? you'll be cheering, too. >>> good evening and it's great to have you with us here on a tuesday night. and we begin tonight with the horror discovered in mexico. two americans found shot and killed two other americans with them surviving in the same without, with one of those victims killed. all four americans crossing from texas into mexico in a mini van, coming under fire and kidnapped. u.s. and mexican authorities launching a desperate search. the incident caught on surveillance. heavily armed men could be seen pulling the americans from the car. one seen being toss into the back of a truck. their white mini van, the windsh

jon, your reaction to that, because with here's the story, you know, jon, you've been reporting on thisw york post. the biden family uses off-balance sheet shells to cover their tracks. you can't cover where the money flows are going. now comer is going after the family friends, friends of the family, because it looks like they've buried those cash flows through their friends of the family. so that's where it looks like this is a broadening probe. what do you think? >> right. well, i mean, this is a huge win for the american people, that's the first thing aisle i'll say, and that's my first reaction to the news we have here. we know that the bank records, they've been after these bank records since when james comer was in the minority. and they've not been able to to get them. and now bank of america has handed over 14 years. and i'm particularly struck by jamie raskin, the democratic ranking member of the house oversight committee calling it an inquisition and fighting to keep this information from the american people given how much malfeasance we've already seen on the hard drive. it'

jon soltz, thank you, thank you so much for being here. that is tonight's reidout. all in with chris hayes starts now. ♪ ♪ ♪ now. tonight on all in -- >> the district attorney has the documentation in order to validate every single statement that i have made. >> the disgraced former president predicts his own indictment, as a grand jury convenes, and team trump makes a final push to persuade jurors. >> i could see certainly a few of them were doing what you're doing right now, shaking your head up and down. >> tonight, as protective barricades go up in new york, what we know about what is coming and when. plus, the other major developments in georgia and d.c.. the posturing of trump allies and high office and the ones battling him for a nomination. >> i don't know what goes into paying hush money to a porn star to secure tsai wins over some type of alleged affair. >> tonight, george conway, danya perry, congressman adam schiff, michael steele, mona charen, and jon meacham on what could be history in the making. when all in starts right now. ♪ ♪ ♪ >> good evening. i

and playing a role in all of them is the senior senator from montana, democrat jon tester.ester, thanks for joining us. let's start with the nation's money problem. just this week, a key republican on budget matters said that the ov the national debtdy for a you're an appropriator. what's your level of concern about this? sen. tester: well, look, when you start talking about the debt limit, i'm very concerned because that's really playing with fire and could drive our economy into a depression really, really quickly if we don't pay our debts. look, the debt is very serious business and we should shut down and have a bipartisan group with government and non-government folks get together and put forth some recommendations after they study the topic about how we can get our debt under control using common sense rather than political talking points. and i think if we're able to do that, we can set the country on a very secure path for economic growth and get our debt under control. but if we're going to continue to use the debt as a political football, depending on who's in pow

joining me now is pulitzer prize winning biographer, presidential historian jon meacham.ers and major speeches. jon, in historical context, there is a strange juxtaposition between the specifics of the alleged crime here, the fact that he's indicted for, and the scale of some of the wrongdoing, i think, that trump has done in terms of the scope of the american history and the constitution. how do you see this being remembered historically, it's significant? >> well, i think we're in the beginning of this drama. we would hope to be towards the end of it, but i don't think we should count on that. one of the things you are just talking about, you know, the basic rules of american politics, when donald trump is involved, had been suspended. this is not 1974. this is not even 1998. this is just a different analogy for a new world, and i think we have to keep in mind some of the perennial forces that we've seen elsewhere in the world, autocratic forces, a tendency toward a cult of personality, those are the things that are sweeping the land here, it sounds rather grand, but it

i was there before jon. for the record, i was there first.d it off and gave it to jon the writers and producers are amazing. the executive showrunner is incredible. you will be great. talk about the things you actually want to talk about. don't fake it. >> kal: no faking it. i grew up on that show. i'm a big fan of satire and comedy. >> stephen: you grew up on the actual? >> kal: late high school, early college. i wasn't 7 years old. i'm not that young. this is going so poorly already. my background is comedy. that's my first love and have a have a chance to take a sabbatical and work in politics, i would love to be able to merge those two together in a fun comedy show. >> stephen: you have a crazy cv in that regard. for people who don't know, you are known as a popular actor and then you went and worked for the obama white house. how long were you there? >> kal: two and a half years. >> stephen: a good chunk. >> kal: thank you. >> stephen: what was that transition like for you? >> kal: well, there were some learning curves. i remember probab

jon karl, thank you not to pergam possibly can to in tonight.inister justin trudeau, the u.s. and canada agree into a new immigration deal. of course, a critical issue on the northern border as well. abc's international correspondent teri moren is traveling with the president tonight. >> terry: an alliance and a friendship and a 20% reboot of a relationship sometimes taken for granted in the past now facing new dangers and new opportunities. >> president biden: the candidate of the nine states will always have each other's backs. >> terry: the trip began last night at the trio's home and in formal evening and biden meeting to -- trio's children. they were relaxing over drinks. on the step agenda, a deal to limit unauthorized migration. canada has agreed to accept an additional 50,000 migrants. in exchange the u.s. has agreed that canada can turn back migrants who illegally cross our northern border. >> after midnight tonight, the border officers will enforce the agreement and return irregular border crosses to the closest port of entry with the

and with us, presidential historian jon meacham. nbc news legal analyst andrew weissmann, former general counsel of the fbi and served as lead prosecutor in the mueller special counsel's office a big news day, also a sad day, as history has been made >> right you know, a lot of yammering going on yesterday a lot of people talking about police states and this and that. we don't know what is in the indictment that's the most important thing to remember. i think, also, it's important, willie, to remember that we've crossed a line here. i've always feared, and i've always said, of all of the horrible legacies donald trump has left us, one of the worst may be becoming the first president, ex-president, to be indicted because of the array of crimes he may have committed, that he certainly appeared to commit, especially around january 6th. peter baker today has, i think, an important article says, the taboo is broken. a new precedent has been set will it tear the country apart as some feared, about putting a former president on trial after

>> david: jon karl in new york, thank you. come back here, it concerns at this hour over the drinking water in philadelphia in the areas around the city. triggering this water safety scare. we have news coming in from city officials there in a moment. check. psych! and i'm about to steal this game from you just like i stole kelly carter in high school. you got no game dude, that's a foul! and now you're ready to settle the score. game over. and if you don't have the right home insurance coverage, well, you could end up paying for all this yourself. so get allstate, and be better protected from mayhem, yeah, like me. thanks, bro. take a lap, rookie. real mature. martial arts is my passion. i work out whenever i can. but with my moderate- to-severe eczema, it can be tough. my skin was so uncomfortable. the itching was so bad. now, i'm staying ahead of my eczema. there's a power inside all of us to live our passion. and dupixent works on the inside to help heal your skin from within. it helps block a key source of inflammation in

. >> and jon karl with us here in new york tonight. and jon, obviously, you know, everyone at home, these are two racapasese,as cte this able ipondictment could come as early as tomorrow, but we simply still do not know. >> reporter: we don't know. a lot of specuut this, mulachon obofti it a coming fro trump himself. but we don't know if the indictment is coming. if it does, trump wou tld be ne booking, just like any other criminal defendant. typically that would include things like fingerprinting and the taking of a mug shot. >> now, the other case that you are breaking news on this evening involving the special counsel jack smith who is looking into both january 6th and the classified documents at mar-a-lago. now, this is a federal judge who has determined that the special counsel has presented enough that the former president may - have known that what his attorneys signed simply wasn't tree. >> reporter: and david, this is especially significant, because what the special counsel is investigating, the alleged crimes that he is inves

>> jon karl on this again tonight. thank you, jon. >>> when we come back here, the developing headline. the fbi arresting a heavily armed man, accusing him of threatening to kill government officials who are jewish. >>> also ahead tonight, what's been found in the great pyramid of giza, and you'll see it. >>> and the long-awaited honor for a vietnam veteran. if this were the real covid-19, i would be in real trouble. 'cause i have asthma. and i have depression. i have diabetes. and i struggle with my weight. for us, covid is a whole different ballgame. in fact, you could be one of almost 200 million americans with a high risk factor that makes covid... even riskier. which is why you need to be ready, and have a plan. other risk factors including heart disease or being inactive... even being over 50 or being a smoker can put you at serious risk. could that be you? find out. go to knowplango.com and know your risk factors. then, make a plan. because if you get covid on top of asthma, like i did... the last thing you want

jon karl's new reporting tonight.nwhile, trump's likely opponent on the republican side, ron desantis, and is an interview tonight. after he said supporting ukraine was not in the interest of the u.s., what he is saying now. also tonight, news on desantis and a potential plan to extend florida's "don't say gay" policies in schools all the way to the 12th grade. rachel scott reporting tonight. the war in ukraine and horrific video this morning to make evening showing a missile strike targeting an apartment complex. and drones exploding and attacking a dorm near new to the elements suspicious death that the nation learned of during the murdaugh case. the death of a teenager, the former classmate of the surviving son, buster murdaugh, never with homicide. a warning on some common eye drops, the cdc now saying they have led to more deaths and blindness. also tonight, beloved acted dick van dyke in a car accident, it will have the latest. and the creator of the west wing, aaron sorkin, on his stroke and what he has learned

jon?indbody running fertility and wellness clinics yesterday announces $100 million debt raise in a $1.8 billion counting corporate clients, 42 clinics across the country and plans to use capital to build out ten more this year used to being told, no, and kindbody, fund-raising grueling and you hear that a lot from women founders before her career started told no about something else. her dream of being a sportscaster. >> went to chapel hill program radio television motion picture, r tv and p and i have a southern accent. not going to fly on national news find something es to do. graduated college, in advertising media business owned a magazine publishing firm in atlanta. my first into women's health and fertility an online digital magazine called "fertility authority. >> went on to found fer tility and other ventures and at kindbody finding strong demand for services in areas outside of the largest urban markets, and when companies start funding fertility even more demand materializes. >>