jonathan: should they be?here is consensus around the goldilocks outlook this economy in the years to come. mr. el-erian has written that peace in "the ft" this morning questioning that. lisa: basically, it could breed more inflation then people are expecting down the line. an increasing number of people are coalescing around that it is definitely not priced into the bond market. jonathan: do the fed officials start to break? they start to pileup one after another? we started to see signs of that. we are now in a different phase of economic policy, so it is appropriate to think about pulling back on some of the stimulus. that's the evolution of the language over the past couple of months. tom: does it matter, or is it about the data? i would suggest they are exceptionally data-dependent right now. jonathan: i'm with you. if it is the reaction function, that is totally different. the problem the fed has had is that every time they say some thing about the data, people start to complete the reaction function and

jonathan: jonathan: that is beautiful. tom: could you see me in a black turtleneck?han: lauren sauer joining us shortly. where is this show going? this is "bloomberg." ♪ >> bloomberg learn notorious russia linked hacking group is behind the cyberattack on china meat producer jbs. earlier this year they took credit for hacking the townies hardware supplier most of -- taiwanese hardware supplier. back in business today, the cyberattack affects operations at its meet in north america and australia. president biden is pushing a close a tax break that helped donald trump amass a fortune. he has proposed narrowing a provision that allows real estate investors to avoid cabin game taxes when they sell property as long as they use the profit to buy more. former president trump most valuable investment in a fitted saint experts short of the real estate market. the price of oil was steady after closing at the highest since october 2018. brent rose after settling above $70 since 2019. opec nls came out with an upbeat estimate of the outlook for demand. up 40% this year. the worl

jonathan: here is the quote. "business travel will come back 100% in everything we see every week is making us more certain." that is the united airline ceo. lisa: let's put this on the record. if i'm flying business and tom keene has his own personal jet that comes to his door, going forward -- going forward there is going to be a key question how much you get a competitive advantage if you do upgrades and attract customers with less allegiance following this hiatus? the fact we are seeing the delta variant increase, slow down international travel putting a kink and some of the travel plans. tom: american airlines down thomas 10%, united airlines damper -- -- american airlines down 10%, united airlines down 10%. you see it in europe with travel and leisure. lisa: you see it in the numbers. l.a. reinstated a recommended use of masks indoors. we are going backwards in certain places. jonathan: you think we are going backwards or not going forwards? tom: i think everyone ought to read camus, 1946. this is a pandemi

jonathan: ridiculous.ere putting together those iran forecasts back in october, early november, developing the year ahead outlook, then the headline dropped around some of the efficacy, it changed the game. what surprised people i think was not the cyclical rally. it is just how well tech actually held up. tech held up and everything else had a rip. tom: and we are very strong on the idea of tech having a better back end of 2021. the nasdaq composite up 45% in the last 12 months. dave wilson has these numbers tattooed on his left arm. he also knows it is about the fundamentals of earnings, and you got an earnings update. 512 of the s&p 500 have reported. [laughter] dave: our number, as it turns out, is 489. we don't necessarily get 500 every quarter, so we have about 10 left to report. you're looking at the third straight quarter were companies way ahead of analyst estimates when you look at earnings, and yet getting there were board for it. in this particular case, if you look at first quarter numbers on

jonathan: we will catch up with mr. dudley, bill dudley, and federal reserve bank of new york president. equity futures with a list this morning. -- lift this morning. we advanced .5%. it is thursday morning. this is bloomberg. ritika: u.s. officials are confirming that details of the genetic makeup of some of the earliest samples of coronavirus in china were removed from the american database where they were stored at the request of chinese researchers. officials say the data first submitted to the u.s. based archive in 2020 were requested to be withdrawn by the same researcher three months later. south africa's daily covid-19 infections rose to nearly 17,500, the highest number recorded a quarter to the national institute of communicable diseases. with 1.8 6 million people infected and more than 59,000 deaths, south africa has the highest number of confirmed infections on the continent. croatian cryptocurrency exchange backed by a group of billionaires is in merger talks. the deal could value it at nearly $12 billion.

jonathan: please do.om: morgan stanley, michael wilson out with a research piece over the weekend. inflation-adjusted minimum wage is near decade lows, even with the worries of rising wage growth. i thought the work was just brilliant. jonathan: it has been brilliant over the last couple of months. lisa: there's a question of whether they will actually rise, and if they do, whether this will be good for the real economy and bad for markets because it shrinks margins. this is going to this debate we see in the second half of the year. tom: if i hadn't been on the beach in maine, i would have written this up. jonathan: the point i was trying to make is that we didn't get a moving tenure yields even though we did get what seems to be a deal down and washington, d.c. in the bond market. tom: i could see jon about miller knock it -- jon up at -- lisa: did you understand any of that? jonathan: nope. welcome back, tom. equities up four. with events 0.1%. on radio and tv, this is bloomberg. . ♪ jonathan: two hour

jonathan: or something else.a: what is the indication that they want to start talking about tapering in the near future? tom: what have we heard? jonathan: not the same thing as the likes of boston's rosengren and dallas' kaplan. tom: we've got adp tomorrow, but there's a lot of stuff here. jonathan: payrolls on friday. tom: we are going to be smarter friday at 8:32. jonathan: are we? i hope we are, but the last questions about the jobs report have asked questions and they've answered. from new york, this is bloomberg. ♪ jonathan: from new york city, live on tv and radio, this is "bloomberg surveillance." alongside tom keene and lisa abramowicz, i'm jonathan ferro. one hour away from the opening bell. record highs in the s&p. 4280. unchanged since we came in around 4:30 eastern time. i think lisa gets your first and tom and i compete for last, we have not been moving on s&p 500 futures. yields 1.4985, a lift by two basis points. the euro is weaker, the dollar stronger. euro-dollar at 1.1887. tom: we are higher to

jonathan: thank you, i think. the wonderful lisa abramowicz, taylor riggs, jonathan ferro. on -- back with us on monday. we are up 0.5% on isn't the. -- on the s&p. for our audience worldwide, this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. ♪ >> the bump in the road is -- i am not surprised to hear t

i am jonathan ferro. tom keene pushing ahead to payrolls friday. tom: wicked early jobs report. that would be a friday. the basic research was optimism. jonathan: that fits in the middle of that. tom: i thought that was our slogan. i tried to get a hold of you this weekend but you would not talk to me. i was supposed to have lunch with gerard cassidy. i show up at the restaurant and he stopped by and left. jonathan: thankfully, i do not follow tom's twitter account. lisa: a question as to why the friction exists. wall street journal highlighting how a number of states that have already removed the enhanced unemployment benefits are starting to see a pickup in the number of people. it is highly controversial, the idea of how politicized this report will be. jonathan: coming off the back of the weekly biggest gain since february. the s&p all-time high, we advance just 2.6 this morning. yields come in about a basis point. the biggest weekly selloff in the treasury market going back to march. lisa: it raises

jonathan: wti slightly negative.hat's one part of the commodity market that has remained pretty resilient given the run-up we saw elsewhere in lumber. take your pick and soft commodities. tom: our guests on radio and television speak to us and make us pause. the last time matt burrell was on, he stopped us in our tracks on the dynamics of supply and demand in the bond market. lisa, i'm going to have you asked first question, but it's got to be on the supply or so-called heirs of it coming up -- so-called dearth of its coming up. lisa: are they becoming more credit worthy and spreads? matt brill of invesco, do you think that is what is going on here, that they are actually becoming more creditworthy companies? matt: good morning, everybody. i do think you are seeing just the fundamentals get better and better with the u.s. economy, but you are also seen corporations really tried to figure out how to get rid of last year's debt, and last year's debt was all about survival. so we have seen at&t, ge, ups, all big names l

jonathan: tom might. lisa: we totally will. [laughter] jonathan: futures unchanged.his is bloomberg. ♪ ritika: with the first word news, i'm riddick a good. in a sign of possible easing tensions, topped chinese and american diplomats may meet at age group of 20 -- at a group of 20 meeting. there have been talks about a meeting between chinese foreign minister and the u.s. circuitry of state antony blinken, as well as a possible phone call between residents biden and xi jinping -- between presidents biden and xi jinping. the target of administering one million doses of the covid vaccine in a single day ahead of the tokyo olympics and a general election. organizers have dropped plans to sell alcohol at venues. hong kong's pro-democracy newspaper apple daily is to publish its last print edition tomorrow. the paper owned by jailed media tycoon jimmy lai was halted after a new national security law. hsbc holdings has apologized to customers in hong kong after an update to its online and mobile banking terms triggered fears over overseas actors to its services in the finan

jonathan: copper -- tom: london copper. jonathan: up by 4%.ina is not participating in this in the way it did maybe 10 years ago. it is interesting that this morning, china has basically come out engineering, tapping the brakes on currency appreciation, which you would expect to make a dent in the commodity market. this morning, it has not appeared tom: it is a bit of a -- this morning, it has not. tom: there is. you got to think, just i will point out the turkish lira up to 8.52%. a continued difficult to say. he writes brilliant notes for banque pictet, we are thrilled thomas koster to join us -- thomas costerg to join us. my mathematics, all in this year, still buoyant 3.2%. we average 4.8%, 4.9 percent for two years running. that is pretty good. that is basically double the run rate, right? >> right. that is what you would expect after a strong fiscal spending, federal rounds of checks. fiscal support has been huge. to some degree, the economy can do better. the economy is strong, but if consumers were really going out and spending all of

jonathan: thank you, dave.tant is it for us to not be at peak growth, for us not to be at peak earnings acceleration in order to keep this rally going? how much does that have to continue to make the current valuations worth it? dave: there's no doubt it has to continue, if only because there's so much optimism built into estimates at this point. you look at the second quarter for the s&p 500, we put together the individual company projections, analysts are paying earnings growth of up to 60%. you could argue that is skewed because of the pandemic affecting a whole lot of businesses, but at the same time , you look at the shift that has gone on, people going back at some extent to the areas of growth in the stock market, backing away. tom: so you are observing a growth tendency, away from value? dave: when you look at technology, look at energy, certainly there is some of that. look at finance, materials. they have suffered a bit. the question is, does growth pick up from here? tom: dave wilson, thank you so mu

jonathan: euro equity markets up four. tom: should we have her back? jonathan: not her first rodeo.d morning, this is bloomberg. ♪ jonathan: from new york city, this is bloomberg surveillance. here is the price action this wednesday. equity futures building on the gains of the last few days. the s&p advancing about a 10th of 1%. we switch of the board and get to the bond market. shout out to matt miller, who talked about the treasury market on a round-trip. we opened up wednesday morning for that fed decision and right now your 10 year, just a couple basis points away. a round-trip, but the positioning has changed. a lot of damage done to sentiment around treasuries. td looking to reenter and reset. right now, your 10 year yield up about a basis point. your two year advances as well. i will finish on the commodity market. wti and brent, breaking 75 again. up 7/10 of 1%, taking another bite out of stockpiles. tom: that trend is extraordinary. i did the plot from $60 a barrel. it is linear. there is just no end in sight. a real persistency. jonathan: and we caught up with francisco fr

jonathan: have you ever been? tom: no. jonathan: there you go. andrew hollenhorst joining us now, citigroup chief economist. the housing market in america, do you think the numbers we are seeing at the moment should influence the fed's next move? andrew: i think it has to be something that the fed is thinking about now. you look at mortgage rates at record lows, house prices rising at record fast rates, and then you look at the fed buying $40 billion of mortgage backed securities a month. there is a reason that those mortgage purchases were started. i think the reason for continuing them is becoming a bit more challenged. it's not to say that they need to move immediately towards a taper. when you hear people like waller talking about, should we be looking at this? certainly something you should be thinking about. tom: i want you to talk about the partitions of america and what it means in the second have for jerome powell. you look at real wages, and there's all sorts of nuances between first core title and second and third court tile lower rage

i am jonathan ferro.sday morning price action shaking up as follows, down a single point off by not even 1/10 of 1% on the s&p 500 after a tiny snapback in yesterday session, breaking four straight days as of losses on the s&p 500. bond market, yields lower. really volatile over the last couple of days. big bounce back in yields. also -- treasuries, rather, and the yields coming back. i can't make this up. work at where we have been, where we are going. philosophical. tom: we do yield to four digits here. that's all you have to remember. ok. did you do your expenses yet? jonathan: i haven't. i called jamie last week when i got my email as had, can you give me an extra week? my expenses are about as long. did you do the internal training? i have to do that, too. tom: i have done all my internal training and part of that is to leave jon alone. right now we are voting in new york. shelly banjo will join us in the next hour, truly an expert on new york city voting and rank choice. marty schenker joins us. i w

jonathan: peak everything.a: you are looking at a nasdaq up 11.9% after last year's incredible rally. a lot of this is prized in. jonathan: the s&p 500 at all-time highs coming into friday. features advancing a little more than .1%. yields unchanged on 10's. a stronger euro. heard on radio and seen on tv, this is bloomberg surveillance. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (ann

jonathan: thank you, sir. sure anyone has been on the receiving end of a dangerous wage increase, i'm sure corporations feel like they have given those out. tom: june 30, the team at ubs comes out with a blistering note. this is what you see at the end of a quarter where they stake are territory. ubs says go the banks and go deep global banks. their map as they are trading at a forward price compared to earnings ratio of 12 times. jonathan: and they make three points, three basic arguments. earnings growth looks set to remain robust. valuations remain compelling. and three, the trend toward higher payouts will not be limited to the united states. lisa: this comes after the stress test, the banks flying with -- passing with flying colors. expectations are expect it to some out to $50 billion. yet you have earnings going forward at a time when we are not seen consumer loan growth and loan demand picking up. we are not seeing interest rates pick up all that much. i wonder how much you can divorce the view of the

jonathan: amc in the premarket up by 27%. tom: why? jonathan: you tell me why.om: is this just another short squeeze? jonathan: i think it's a lot of longs going on. $230 million with a capital raise yesterday, and i don't think we have ever seen anything like this. to take the equity and then flip it and then say it is called overvalued, i just found that remarkable yesterday. we spent a lot of time talking about the equity story. let's talk about the debt story. the 2026 debt, the junk-bond due in 2026, now we are close to face value. for everyone sitting here in saying this is just a retail story, no one else is benefiting, take a look at what is happening with the credit. it is pretty remarkable, the turnaround there. lisa: mc has gotten help from a lot of different players -- amc has gotten help from a lot of different players. all of the money flowing into the junk-bond market, even with no one going to the movie theater in more than a year. the idea that my drink -- that they have benefited from the equity side of things, there's a real question, are ther

jonathan: 1.60% now. we've asked repeatedly through this morning, is the calm1 of -- is the calm of q2 the calm after the storm of q1 or before the storm of q3? tom: you get a lot of different fed speak out there. we get ecb speak as well. i would suggest central bankers are running as blind as we are. we just don't know where we are come september. jonathan: it's different responses, different reactions we have had from different central banks. the bank of canada compared to the federal reserve. we had different reaction functions, different frameworks thinking about incoming data, and it makes the fx market may be in the future just a little bit more interesting. tom: our erik hertzberg out of toronto talking about the disappointment in canadian gdp. it is still out there. there's optimism of a boom, optimism autosales today we will see before the big jobs report on friday, and yet there are these whispers of disappointment of underperformance. lisa: there is so much cash out there. the federal reserve

jonathan: taylor riggs, lisa abramowicz, jonathan ferro. us -- more bus tomorrow. -- more of us tomorrow. we get to call the sabbatical when tom keene takes time off? your equity market 4252. see worldwide on bloomberg tv. for our audience worldwide, this is "bloomberg surveillance." ritika: with the first word news, i'm ritika gupta. the seaview side of the beachfront condo tower collapsed in miami earlier today. it sent a crowd of debris throughout the neighborhood. firefighters are seen pulling survivors from the debray. in a tweet miami-dade police said one person had died from the collapse. details of the genetic makeup of some of the earlier samples of the coronavirus in china were removed from an american database where they were initially stored at a request of chinese research. the u.s. national institute of health says the data first submitted in march 2020 were requested to be withdrawn by the same researcher three months later. president biden is traveling to north carolina to encourage more americans to get the covid-19 vaccine

jonathan: tom keene, lisa abramowicz on the jonathan ferro on tv and radio. this is bloomberg.enate republicans blocked democrats expansive overhaul of u.s. election laws from advancing to the chamber floor. it shows the limited power democratic lawmakers have in an evenly split senate. the bill failed to advance on a 50-50 partyline vote short of the 60 needed to overcome a filibuster. in a sign of possibly easing tensions, top chinese and american diplomats made meet at a group of 20 meeting in italy according to the financial times. the times talks about a meeting between the chinese foreign minister and u.s. secretary of state antony blinken as well as a possible phone call between president biden and xi jinping. on the fifth anniversary of the brexit vote no deal has been reached in the so-called suffolk laws but officials are sounding optimistic they will avert a trade law. -- sale of british sausages in northern ireland. morgan stanley has told employees they will need to be vaccinated against covid-19 to enter its new york offices. james gorman says about 90% of return

jonathan: good morning. on tv and radio, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. it is a record purchase for united airlines. the carrier has agreed to buy seven boeing jets and airbus jets. those will get a revamped cabin with seatback screens and larger overhead bins. it is a sign that united wins to step up competition with its two big u.s. rivals, delta and american. president biden is defending his decision to order air against iran backed militias in iraq and syria. there's been no public reaction from iran's president-elect e brain raisi -- president-elect ebrahim raisi. house speaker in tbilisi has moved forward to create a committee to investigate the january 6 -- speaker nancy pelosi has moved forward to create a committee to investigate the january 6 attack on the capitol. facebook is now the fastest company to reach -- a judge granted its request to dismiss complaints last year filed by state attorneys general. jp morgan reportedly is boosting pay for junior banke

this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: from new york, we begin with the big issueir powell for clarity. >> market players need to focus on what matters. >> what matters is what comes out of powell's mouth. >> is the fed committed to average inflation targeting? >> the market was looking for an excuse to unwind a lot of crowded trades. >> market participants have to tune out the white noise. >> i do not think he wants to walk

jonathan: this is "bloomberg surveillance." i am jonathan ferro. tom keene is back on monday. taylor riggs is stepping in. equity markets, all-time highs. the deal in d.c. is the head story this morning. 148.67 on the tense, unmoved. lisa: the feeling that not much could move it. not only do we get the infrastructure bill, but we are also about to get inflation data. no one is even mentioning it. at what point can nothing shake the resiliency. is it a market pumped up by stimulus dollars? jonathan: where are we in the cycle of this market? lisa: that is the key question. a lot of people are saying midcycle. that is the consensus being generated on wall street. some people are saying this has moved so quickly, such a consolidated cycle that we could be entering into a later stage without realizing. jonathan: taylor riggs is desensitized by these big numbers in washington. taylor: [laughter] you did see some interesting movements within the equity markets. this much money is in bonds. you saw some movement, some upgrade from analysts on infrastructure-related stocks. for the rec

jonathan: you expect this to be cheap, do you?e long-term it could come down to six figures. jonathan: up by 7.6% in the premarket. good morning. this is bloomberg. ♪ (announcer) if you've struggled to lose weight, you might think you were born with a slow metabolism, but what you may have is insulin resistance. fat becomes trapped inside your body and it becomes very difficult to lose weight. now there's golo. golo works to reverse the effects of insulin resistance, increase metabolic efficiency, and targets stubborn belly fat. join over two million people who have found a smarter way to lose weight and get healthier. go to golo.com and change your life. that's g-o-l-o.com. >> you will see prices continue to move up. it will be on the things we consume. >> the thing to pay attention to is the chairman. >> powell is optimistic we will get a robust labor market recovery, that inflation will be contained. >> he's been saying we will respond if we need to. there ain't no inflation problem. >> this is "bloomberg surveillance." jonatha

jonathan. just seen still tracking very hot, dry conditions inland extreme to exceptional drought. >> for the 2nd half of your weekend. that's going to continue with the driest areas. north bay valleys and the east bay valleys and mountains. let's take a look at relative humidity because the driest hottest will be for those of you in the north bay right now. just tracking 21 to 27% relative humidity for those of you in bill and santa rosa a little bit more moisture as you make your way into the east bay. but tonight we're going to see little relief and moisture content. for those of you in the northeast pacific lee santa rosa just tracking 46% relative humidity and look at how it just drops any moisture content just disappears by sunday afternoon down to 14%, relative humidity and close to the single percentile range for those of you and yacht bill and sonoma and little relief even by sunday. but we're tracking a lot more moisture by monday and through the early part of next week. wind speeds o

host: jonathan butcher, you mentioned purdue university. what other, in the private school -- that nonpublic universities and colleges are there some best practices, some examples of schools getting student lending right? guest: i think the income agreements of purdue is a good example, it allows students to receive funding for the education while in school and contribute a share of their income once they graduate and have a job after they finish. there are few schools that are starting with such with -- such unique ideas because the federal government holds upward of 90% of all student loans now. washington is applying appeared there is little incentive for schools to change what they are doing. remember, for every dollar of federal money, federal tax dollars, that goes to student loans, college tuition has gone up $.50. the bennett hypothesis has been proved over and over again. the additions washington has made a student loans has driven up the cost of tuition for all students around the country. host: let's hear from lee in seneca, sout

jonathan: so awful.the question i thank you so how we design platforms with better incentives and this is where the top-down stuff really gets me excited. so we in this lab, we went on a long time with platforms trying to experiment on these core design features of social media because when you think about it, the crazy think about all of this is that we never really considered in concrete. that way. what would be the best design of social media, forms to encourage stability and adoration. we been content to allow platforms that were created for harvard undergraduates that read each other's physical attractiveness or range alcohol centric gatherings. and content with these chaotically evolving into the primary forms for democracy for the 20 percent reported so we love to do is say, facebook, hey twitter, let us tweak some things here. i tried this out this el greco and algorithmic and likability got predict in controversy where academic research was copied to serve kind of arguably malicious political ad

jonathan, what are yours? jonathan: sure. there are a number one can choose from. following colleen, i recommend the declaration of independence, in conjunction with the book how to read democratic writing slowly, purposefully, thoughtfully. you dwell on each phrase and sentence and think about what it is doing both substantially and rhetorically. from the period itself, i think james otis's the rights of the british colonies asserted and approved, sort of the first major pamphlet that an american colonist rights challenging in a fundamental and general way the rights of the british parliament to regulate american affairs. it is sort of essential to understanding a lot the comes after it. there's a lot of interesting things in there, including how james otis talks about how slavery is, in many ways, illegal and unsanctioned. he is willing to talk about that in 1764. and getting to richard's point about how this is not something projected back on the 18th century. this is something people at the time actually struggled with, so carefully reading james otis's pamphle

the jonathan gray interview is really good.re we stole the phrase buggy whip from in recent hours. this is the interview of the day. jonathan miller with us with miller samuel. microanalysis of housing and rental trends. you are always the most important interview of the day. help us get out to the interview of christmas. what are you going to be talking about in housing and rentals in our major cities? jonathan: we will be talking about much tighter rental markets. what we are seeing right now is a big uptick in leasing activity , leasing activity for the last several months has been extremely elevated as lower price points are drawing tremendous inbound traffic. the drop in rents causes musical chairs, people moving around to get the better deal. now we are seeing a tremendous amount of inbound, which has been missing from the migration story. it has often about outbound. now we have the inbound starting to take shape and it correlates with the vaccine. i would describe it as a v-shaped recovery. v for vaccine. corporate amer

jonathan remains with us. so, you also spoke to barr about how, and this is going to be the favorite part for many in this set rearview mirror of history. mcconnell urged him to speak out as if mcconnell himself forgot that that was also an option for him during all four years of our constitution getting sidetracked to the trump administration. what else did you learn that? front >> particularly, the period after the election. by all accounts, i've been told this brine i'm sure you're the same thing, mcconnell didn't buy into any of these allegations of fraud that donald trump was raising. publicly, he was saying nothing, nothing except to go out and say that donald trump had the right to pursue all legal challenges and let him do. it and you know, on, and on. he never criticized it when trump went out and when rudy giuliani had the press conference. it's talked about how they voting machines have been hacked by the venezuelans with some scheme. possibly hashed by job as we've been dead for years. so, now, whe

i'm jonathan capehart. this is the sunday show. ♪♪ ♪♪ >>> this sunday, the quest for justice enters a new phase. derek chauvin may be spending the next 22 1/2 years in prison, but the fight for police reform is far from over. >> we say to the united states senate, pass the george floyd justice in policing act immediately. immediately. immediately. >> red, white, black, brown, we need to come together, go to the senate and demand the george floyd act be passed. >> it must be passed. lives are depending upon it. it's just that simple. >> the george floyd justice in policing act as passed by the house in march would limit qualified immunity as a defense, eliminate unnecessary use of force, ban choke holds and create a national database for police misconduct. but negotiations in the senate on a bill that would garner enough republican support are dragging on. in the negotiating room with democratic senator cory booker and republican senator tim scott is karen bass of california. she sponsored the bill which pas

jonathan and jesse help to understand where the vulnerable groups are. because if you understand where the wonderful groups are, you can be on alert for them. so jonathan, you start, i just mentioned l t b t b q i a plus teens. that's one area. another area, you know, of 15 suicide attempts will be what? well, so when we look at the research, we know that even though numerically there are more white youth in the united states who are reporting thoughts of suicide, suicide attempts. when you look at the percentages within the groups, what we see is that we have higher percentages of high school students who are black and hispanic reporting suicide attempts and suicide attempts with medical attention. and that's, that's really what the cdc report is talking about. it's, it's the suspected suicide attempts that showed up at emergency departments and, and over time you have these, these percentages going up and down. and so it's not linear, but what we see as a pattern is that amongst black youth spent specifically black females. there is been over 180 perce

thank ou, sir. jonathan, associated press. thank you. sir. us _ jonathan, associated press., sir. us intelligence _ jonathan, associated press. thank you, sir. us intelligence has- jonathan, associated press. thank you, sir. us intelligence has said l you, sir. us intelligence has said that russia — you, sir. us intelligence has said that russia try to interfere in the last presidential elections and that russia _ last presidential elections and that russia groups are behind acts like solar— russia groups are behind acts like solar winds and some of the ransomware attacked you just mentioned. putin is a news conference is now excepted no responsibility for any misbehavior. your_ responsibility for any misbehavior. your predecessor opted not to demand that putin _ your predecessor opted not to demand that putin stop these disruptions, so it is— that putin stop these disruptions, so it is something concrete can muster. — so it is something concrete can muster, but you achieved to date to prevent _ muster, but you achieved to date to prevent that her remitting again and what th

jonathan? did we lose jonathan? yeah.e me your sense of that. >> what you saw there was really something that was so striking. it was former president trump taking the side of a russian president who was our adversary, who was meddling in our elections, and meddling is a nice way to put it. he was trying to influence our american democracy, you saw president trump continue to take his side. and even in the statement he's telling president biden just a few days ago to give vladimir putin his regard. so there is still this love fest going on between the russian president and the former president trump. what you see is president biden and the white house trying to do the exact opposite of that. that's why you hear white house officials likely hinting there won't be this joint press conference because they don't want to have comparisons with what president trump did based on -- and what president biden hopes to do. he wants to take a firm hand here and really say we are not president trump and america is going to be strong an

jonathan, start with you. janet yellen is the former fold chair and is the treasury secretary. she has to give insight what the

for jonathan ferro.ook at the vix, just extraordinary, 21.18. then we grind down and right now, 15.79 on the vix. that is a while statistic -- that is a wow statistic. romaine: when you pair that with the dollar, the re-embracing treasuries, and folded over with the fact that you still have an equity market, at least at the top line, that is right around record highs, what does that tell you? i think it tells you this becomes a story about duration not only of investments, but duration of the timeline of when spokes -- when folks might think the fed pushes deep into 2023 before you see some meaningful moves. tom: yen showing some strength, 1.09. chris verrone published a moments ago with strategas, and he says the ex-us opportunity set continues to grow. he is on the same page as the good david rally, chief investment strategist of bluebay asset management. you distill it all, david riley, and use aem debt is of acute interest. why? david: i think in an environment where we have been export nearly low yi

i'm jonathan capehart. this is the sunday show. >>> this sunday the pressure is on for the senate to pass voting rights legislation. with majority leader chuck schumer bringing the for the people act to the floor this tuesday. but the bill will most definitely be filibustered mcconnell style despite a compromise from contrarian joe manchin which included a ban on gerrymandering, voter i.d. requirement and establishing election day as a national holiday. while the manchin compromise enjoyed a key democratic endorsement from stacey abrams, republicans were quick to offer their full-throated opposition. >> a revised version produced by one of the democrats yesterday, which has been endorsed by stacey abrams, equally unacceptable, totally inappropriate. all republicans, i think, will oppose that as well. >> joining me now, beto o'rourke, former texas congressman, former presidential candidate will be rallying on the steps of the capital for support. thank you very much for coming to the sunday show. >> jonathan

jonathan turley with us right now. jonathan, your thoughts on the 22 1/2 years and where this goes. >> this is pretty much in the zone that we discussed. many people wanted a 30-year sentence. the baseline for this offense is 150 months. that's 12 1/2 years. he got 22 1/2. so he had ten years tacked on. because the court found four aggravating circumstances. obviously the most important is that he held this position of authority in commission of his crime. it's important for people to realize this is not the end of sentencing for chauvin. he's charged with a federal offense as are his colleagues. their case will be more challenging. the cases is are in march. for chauvin, this might not be the full extent of his time to be served. >> neil: he did seem to telegraph, you know, particular situations that will come to light. i don't know if he's referring to the juror in the t-shirt which might be a way to throw out the trial, start a new one. what is the likelihood of something like that? >> the statement he made to the c

jonathan: the most comparable practice in the u.s. might be the banning of something like a gang colors in county schools are certain school districts. i believe those sorts of prohibitions were upheld because the clothing or colors were seen as divisive and indeed to be a matter of public order. i suppose this gets down to the question of what is considered an issue of public order and where. in france, religion is most certainly considered a matter of public order, whereas the u.s., it is primarily an issue of public liberties. the u.s., in its founding mythology, was indeed founded as a place for the freedom of religion to be different than the simply the religion of state. in france, the republic founding myth is that it was found to be free from religion, free from the catholic church in particular, which at the time is a very reactionary and anti-republican force. the other thing to keep in mind is simply the degree of state centralization in that the system -- in a system like the french versus the federal nature of the u.s., t

oxytocin, >> jonathan yourself. i hope >> jonathan yourself. i hope there is a lodging. chevy is america's fastest-growing full-line brand. and people are taking it everywhere. taking trailblazer outdoors. confidently taking on new places with equinox. and taking on more with silverado. whatever you do, there's a perfect chevy to take you anywhere. find your perfect chevy and get 0% financing for 72 months on select popular chevy suvs. or, get 10% of msrp cash back on most 2021 equinox models. >> welcome back, everyone. hundreds of folks in san francisco, marching from polk and washington streets to civic center today. it's the same route of the very first liberation march 51 years ago. it's in honor of the second annual people's march and rally and kron four's taylor bisacky takes us there. >> on sunday. hundreds of people marched down polk street to the civic center in san francisco for the peoples march in raleigh. today is focused on the voices of black brown and indigenous generally in spectrum. we get lost. and and we decided to do the people's march in order to ge

hello, jessica de la and jonathan. so nice to see you, jessica. please say hello to an international audience, explaining who you are, what you do. thank you. thanks for having me. my name is jessica taylor. i am a licensed professional counselor and i am a partner and owner of a private practice in springfield, virginia, called crescent counseling center, and we serve the dc metro area. and for the majority of the pandemic, i was the director of a community mental health agency. and typically the population that we serve are low income with limited resources and significantly increase need during the pandemic. so i've kind of seen both sides of it cycle to have you. hello g. introduce yourself to the stream. williams. tell them who you are and what days? yes, thank you so much for having me. hi, my name is gyla marco ramos. i'm currently a student at the university of central florida outside of being a student. i'm a mental health advocate at the university level and national level with active mines, which is one of the largest ment hope organiza

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and jonathan schanzer, senior the foundation for defense of democracies. the "newshour". carmiel arbit, let me start with you. this still has to be ratified by the parliament, by the knesset. is this a done deal? >> it ain't over till it's over when it comes to bibi netanyahu. i would wait and sort of hold excitement untile next week when the new government will be sworn in. it's always possible that members will defect so much so that the coalition could fall apart. however, i and so many others who are watching this and in israel and in the united states are really very optimistic that, given the breadth to have the coalition that they have -- breadth of of the coalition they have brought in including arab parties into the government, that this will in fact hold. but it ain't over until it was over. >> reporter: jonathan schanzer, the breadth includes two leaders that differ dramatically when it comes to the palestinians, but the coalition says it will focus on domestic issues. will it work? >> i think it obviously remains to be seen. let's say israeli p

i'm jonathan capehart with "the washington post" thank you for joining us today across the country and around the world the month of june is dedicated to celebrating and recognizing the lgbtq i individuals. and in his first year in office, president biden and his administration have an opportunity to advocate for the social, economic and political equality for sexual and gender minorities. already the state department encouraged u.s. missions abroad to fly the pride flag with the lgbtqi foreign policy to affect and move the needle on human rights around the world. i'm delighted to be joined by secretary of state antony blinken to hear more about biden administration's priorities to protecting the lgbtqai community. he served with president barack obama and before that president obama's national security advisor. this event is hosted by the atlantic council which through the lbgti and lbgti foreign fellowship and proceeding throughout the foreign affairs and national security community. the event is co-hosted by glifa, the lgbtq plus group for u.s. state department and foreign affairs a

jonathan: we know there's inflation everywhere. we had a 5% inflation print on cpi, a 6% inflation print on ppi , and the fed was acknowledging it. they said we may have to raise rates at the end of 2023, in an economy that is on fire. if they didn't acknowledge what we are all seeing, i think they would have lost credibility. so they took a little bit of our candy away. we were incrementally unhappy, 1% off of all-time highs. but i don't think we are really changing this. this is still zero money, and i think some of the speculative trades are going to continue to work because it is to weigh very commented of -- a very accommodative environment -- it is still a very accommodative environment. romaine: there was argument being made last year and into this year that a lot of the highest valuations were actually assigned to some of the highest growth companies, at least on a revenue basis. is that still the base case going forward? jonathan: it is, and that was the point of that note on was mentioning, that the market is expensive, b

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