jonathan ferro jonathan: lisa abramowicz -- jonathan ferro, lisa abramowicz, and tom keene.ng at goofy stuff. jonathan: chaos here are chaos elsewhere? tom: chaos here! the padres won. it is the second largest beating of a team like the dodgers. the dodgers lost. jonathan: are you done? i'm just joking. tom: what is so what about 10:30 this morning on global wall street. jonathan: the debt market, financial markets are so severe it has for the government to do a u-turn. tom: i saw it, jon, this weekend. is the united kingdom on the edge of becoming italy? jonathan: i don't think so. it has its own central bank doing its own thing. it does not compare to what is going on in the euro zone debt crisis. this government has been forced to do something it did not want to do. the chancellor is leading the country right now. not the prime minister. rishi sunak -- tom: let's bring it home. some up all of this international blather -- sum all of -- sum up all of this international blather. people who are looking at rent's up, tuition is up and food. lisa: moynahan is talking in the ea

i am jonathan ferro. futures down by about four percentage points below going the biggest to day pop of the s&p since april 2020. tom: i can't find a soul who believes in it. i don't know who to give the citation to. it is decidedly wednesday. it is decidedly defensive. jonathan: the u.n. has complained about federal reserve policy. equity markets have complained about federal reserve policy. now the wto is complaining about central bank policy. lisa: basically saying they will cause a recession with risk overshoot. they are also talking about food insecurity and debt distress and how much of this is the world's problem and not the united states. we've heard a lot of pushback and we will continue to hear pushback. if we continue to get the data that we have. jonathan: has anybody told the fed? the fed does not know that yet. job openings yesterday. a soft landing without a doubt. lisa: it was the biggest move lower, the biggest drop going back to 2020. if you start to see this, perhaps this is a perfect s

jonathan: i'm sorry. lisa: than i can't do it. jonathan: you call it a torch?onathan: i will do it if you want. good morning, good morning. after the tremendous rally last week, i have to say i've come away last week thinking how tremendous this equity market was in the face of some terrible earnings we got from walk-through major tech players. tom: lisa: i feel like a broken record and i hate going back to this, people believe that if the fed starts to slow the rate of increase of their rate hikes and that we are reaching peak inflation, that is going to give a lift market. will it? it all goes down to some of the earnings we've seen and whether they continue to deteriorate. jonathan: and when the fed goes beyond november, november was always going to be about december. how many times have we got into a fed meeting, expected a step down, looked at 75, 75, 75. and for whatever happens on wednesday, in the following week, we get cpi in america. i would say let's go to the ecb for a playbook. look what the ecb did. open the door to a step down. two day slater, cp

jonathan: i am jonathan ferro alongside lisa abramowicz.ncerned about financial instability and this question of, is the market going to go through the windshield market. they are slamming on the brakes like we have never seen. jonathan: in trying to come back in at the same time. it is like putting the accelerator down and the breakdown simultaneously. 30 year gilt yield down. lisa: i hate that kind of driving and i always feel sick and so i do with this market. that is the fear. you cannot have your cake and eat it too. that is the conclusion with financial stability concerns while still grappling with the highest inflation in decades. the biggest take away is the science of inflation and there are single -- similar signs of trading in other markets as well, including the ecb where they will have to deal with the italian, spanish and greek yields. jonathan: can you believe it is only wednesday? lisa: no. jonathan: i thought yesterday was wednesday. lisa: and earning start on friday. jonathan: and cpi tomorrow. we are up by 22 points. the

jonathan:-- jonathan: weaker currency. tom: i have not done the math yet but it is a huge move that harkens back to 2015. we know there is an election in the united states and it is the only thing the polarized parties agree on is china. it is amazing. it is the one thing agree on. -- playground. jonathan: and the weekend will agree. dollar-yen, central-bank burning through billions and billions of dollars, shattered the dollar-yen right now. it -- there was a matter with a call for 150. i laughed at the time he made that call. lisa: [laughter] jonathan: he message me last week about 1.49 and he was looking for credit and i said we are not there yet. what we are their nine guests. from new york city, this is bloomberg. -- we are there now i guess. this is bloomberg. lisa: i am lisa mateo. investors having their say on chinese president xi jinping's move to stop his leadership ranks with loyalists. chinese stocks fell in hong kong to the lowest in 2008, the financial crisis. investors are skeptical xi jinping and allies wil

jonathan: who is running that? tom: it's nuts. jonathan: i agree.w york, this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ >> this cycle was being defined not by its severity but by its tire ration. >> and the stronger dollar we think will continue into year end. >> i think the stock markets washed out. >> if it doesn't hold, i think 3200 is the next place to go. >> there's more stress to, but things are starting to look pretty reasonable. >> this is bloomberg surveillance with tom keene, jonathan ferro and reese -- lisa abramowicz. jonathan: live from new york city from new york c

jonathan: that was beautiful. tom: am i doing ok? jonathan: that worked wonders. intriguing segment. this is bloomberg. this (announcer)g. enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. more voluminous hair italy. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) >> the b

jonathan: thank you, lisa.s is bloomberg. ♪ jonathan: the price action this monday morning rate on the s&p 500, loss on the s&p, -9% on the s&p 500 in september. positive .2%. yield last month on a two-year come up 79 basis points in a single month. the bond market, to, at 10 and 30, yields lower by nine basis points. down six basis points. last week at sterling, the best since march 2020? numbers are numbers. sterling just short of 111.97. tom: on yen come up against innovation, developing currencies working this morning. jonathan: i doubt the volatility is over. i think that was the story of what happened in the last week. i don't think it was the policies enacted by the u.k. the fact that the market was so fragile in response and the ink of england had come in with a gilt market operation speaks volumes. tom: they looked like manchester united. jonathan: not a great week. that was the gilt market. ritika: we want -- tom: from jp morgan on friday after the tumultuous week, they said this friday matters for no

jonathan: thank you.s regards to this letter from the senate banking committee chair. the optics and the content. the content, many will believe that he has a point, including the wall street economists that have flagged exactly what he is saying. fed's action do not address some of the main drivers of inflation. then you have the optics. for all the complaints about how the former administration. with this federal reserve, if this continues with the other party, they are playing the same game. this federal reserve is any sticky spot. the first thing i thought of today were the comments of chairman powell in jackson hole. the chairman effectively tells everyone, but we are going to do is cause some pain. if we don't, there is greater pain for not dealing with it. it is in their projections. the objective is to get unemployment up. that is part of the goal to get inflation down. we have said repeatedly, it will be difficult to convince people in washington and across the country that higher unemployment is

jonathan: mr.al reserve governor pushing back hard against those that think this fed is going to pause over financial stability concerns. lisa: how much do you think they read the endless notes on wall street and go .5 point and decide, no, no. otherwise, what are they responding to? is it other fed officials, is it andrew bailey coming out and being like, think about this. jonathan: the bank of england started the conversation in a big way. did you get the note from stephen? when i read that, i had to check the date to make sure it was dated october 6 and not october 6 12 months ago. lisa: dirty words, inflation and -- put together. jonathan: steve, had to read it twice. transitory disinflation again, really? >> what i meant was, people who are fans of the strong dollar because they say it leads to disinflation, we have had strong dollar episodes before. unless you think it is going to last forever, the dollar comes back and you give it back. you get back to disinflation. to me, it is not a partic

jonathan: toxic crude.ns timing, we are looking at companies that are struggling to get the finance they might like across the economy. vichy, we have talked about policies role, do you think something else is going on? >> absolutely. it is right for us to talk about the policy perspective. it is important to see what else is happening. at the same time as monetary policy is tightening, policy by banks is also tightening. what we took away from the stress test is effectively a capital call on some of the large banks. that translates into very substantial treasure on the assets the banks hold. the banks will have to either do less of what they are doing or choose to lend less to focus on some sectors. do something else, all of which translates to greater liquidity and less ability for the banks to step in when they need to diss intermediate during market circulations. lisa: how much is this offset by all of the private investors? all of the big firms out there that are not banks that have emerged as primary

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jonathan: we will see.et's catch up with a man who left a mess in the early 1990's, the former u.k. minister, lord norman lamont. good to catch up with you. do we have a part minister in office but not empower? >> i did not hear that. jonathan: do we have a prime minister in office but not in power? >> that is a phrase for myself, a phrase i used to describe the position of the major government. i think probably we do have a situation like that because it is humiliating what has happened, it is a real mess. i hope that what is about to be announced well calm the markets but i am rather skeptical about it because it is only a part of the package needs to be reversed. i think you either have to have public expenditure cuts or all of the tax cuts will have to be reversed. it is really a very awkward situation and very humiliating situation. lisa: given you think perhaps a full reversal could but may not really give credence to this administration, do you think there needs to be a new administration, new leader

jonathan: there we go.. >> keeping you up-to-date with news from around the world, shares of ubs are rising. the swiss bank posted quarterly profit that beat estimates and cost control that will enable them to confirm a plan to return about 5.5 billion dollars to investors this year. >> also the liquidity in the market, much of what we can do year to date. last friday we were at 4.6. we will continue. we should be getting certainly toward 5.5. >> leading the effort to boost automation and expand the presence in the u.s. global news 24 hours a day on air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> we likely, likely has a recession of the u.s., going to have most likely a recession in europe. and so until you get to that point, you see a change whether it is in labor, the demand side. you're going to see central banks continue to move on that trajectory. tom cole and the chief executive officer talking on a recession. good ad

jonathan: live from new york city, i'm jonathan ferro. this is "real yield."ow we kick things off in europe. 70 billion euros of debt sale -- of that ending. another slow week and a high-yield. a canadian energy company was responsible for the only debt sale this week, $625 million. pgm seizes birds starting to move closer to fair value. -- sees spreads starting to move closer to fair value. >> earning expectations are coming down. margins are getting compressed. are we going to have a big increase in defaults? unequivocally, no. are they providing really attractive yields? absolutely. jonathan: krishna, you said you were leaning long into the treasury market. can you say the same about credit? krishna: not at all. the point about banks not defaulting is a ridiculous point. that does not matter. we don't have a banking sector problem at the moment. we do have a corporate debt problem. we issued a lot of corporate debt over the years and if we get into a recession, there are parts of the markets that would be vulnerable. the challenge with the high-yield market

jonathan: is something breaking now? i want to return to the point you made about liquidity in the treasury market. latest reporting, the treasury departments quarterly survey has asked for views on merits and limitations of a buyback program. we know this is not qe. run me through what you think needs to happen and how you would respond to that question. priya: i would say it is absolutely not qe, monetary policy. it is something the issuer as they are trying to fund the deficit at the lowest talks -- price for the taxpayer, can they buy some lower bounds and get richer bonds. it is trying to restore market functioning in an iron -- environment of dealers being restrained. i don't think the dealer restraints are changing. this is the u.s. treasury saying, and they just post the question, i remember when they have a buyback program in 2000 because the deficit was shrinking. this would have to be a program where they switch an issue or another issue. it is a great idea. if there is false with nations, we saw what happened

jonathan: i can't wait. tom: it is too much. jonathan: kashkari twice. should give more formal speeches like in new york. jonathan: but we spoke and we are listening to him and a week later we are talking about a pivot again. dan morris of bmp par -- bnp paribas now. june was aggressive and everyone's are talking about a pivot. is it a bear market rally this week, what is different between now and then? daniel: we have to keep in mind what might be a driver for a sustained rally, but at least for a few weeks right now. we appreciate on one hand the sentiment is very bad. no one likes equities and no one likes risk. but at the same time, because the sentiment is so low, you get a bit of good news and i think you can see some of the price action we already have. so going into the third quarter earnings season and we have private -- surprises, market is looking for good news, i think it will be up. tom: this goes back to dr. coronado years ago, this incredible parsing of gdp. what is the part of gdp in europe, the united kingdom and the u.s. that your focus

this is bloomberg. ♪ jonathan: live from new york city i am jonathan ferro this is "bloomberg real yieldime for the week ahead, plenty of central bank decisions once again the rba tuesday fed chair jay powell wednesday, followed by the bank of england and finally closing out the week the main event the u.s. payroll report. 200 k is the median estimate and our survey so far. down from 200 63 k -- 200 63 k in the past three months. let's get the rapidfire. three quick questions, three quick answers to most go to the bond market on the 10 year. four -- 4.33 have we seen the high for the tenure? >> no. >> yes. >> no. jonathan: the federal reserve decision come a lot of people anticipating 75 is this the final 75 basis point hike of this cycle? >> yes. >> yes. >> yes. jonathan: final question i've asked us a few times on this program the last few weeks has -- does qt live to see 2023. yes or no? >> yes. >> yes. >> yes. jonathan: to the three of you, thank you, have a wonderful weekend. from new york city, that does it for us, closing out the week with a massive run on the equity market even w

gupta: thank you, jonathan.athan: to see what interviews we have coming up, go to washingtonpost.com. thank you for watching "capeheart" on washington post live. >> this afternoon, a look at the 2022 midterms in the political and policy outcomes if republicans win back congress hosted by the american enterprise institute. live coverage begins at noon on c-span and on our free mobile video app c-span now, or on c-span.org. ♪ >> two at high school students, it is your time to shine. you are invited to participate in this year's student student -- studentcam competition. picture yourself as a newly elected member of congress. we asked competitors, what is your top priority and white? make a five to six minute video that shows the importance of your issue from opposing and supporting perspectives. don't be afraid to take risks. be bold. among the hundreds thousands of dollars in cash prizes is a grand prize. videos must be submitted by january 20, 2023. visit our website at studentcam.org for tips, resources, and a

gupta: thank you, jonathan.onathan: to see what interviews we have coming up, go to washingtonpost.com.

jonathan: i am jonathan capehart , associate editor of the washington post.emocrats are not only hoping to hold their majority in the senate, they are hoping to pick up two more seats. the person leading the effort is the chair of the democratic senatorial campaign committee, senator gary peters of michigan. welcome to "washington post" live. sen. peters: thank you for the invitation. jonathan: over the summer, democrats seemed to have the wind at their backs and bulls are now tightening. what changed? sen. peters: actually, nothing changed from what we anticipated. we knew the polls were be tightening. and we knew these elections are all going to be nailbiter's. they are all going to be very close. if you would have asked me last year, where do you see these races in the last few weeks? i would have told you these battleground states are all going to be very tight. it is critical for us to have a ground operation to turn out voters. voter turnout in a midterm tends to drop off from a presidential election, so turnout is a major factor. it is something that t

jonathan: your response. sen. peters: certainly rick scott is going to say that because they want to have the majority. they want to make sure senator mcconnell is the majority leader in the senate so they can push forward their agenda, and what is that agenda? we know they've got legislation, we've got a national abortion ban. rick scott is going to put out information he wants to reassess social security and medicare, perhaps cut those types of programs. they have an extreme agenda. they don't like talking about their issues because they know it is out of step with the american people. to them it is all about power. and they are willing to support candidates who clearly are not ready for prime time. they are not ready for any time at the present extreme views that will hurt american families both in the pocketbook and undermine the very basis of our democracy, free and fair elections. this is a pivotal time in the history of our country. the american people are going to be faced with a clear choice this election

jonathan: that is a great question.t that people need to be aware of is that there is no existing planning commission on the side. so we have to start again. we are at the beginning of that process and we have to redevelop the listings, or you take it down and build a new one. the chelsea co-owners are part of that process, so we are going through the educational process. we will consult with fans and local authorities. francine: we can shake on that, another exclusive interview. there is no talk about moving it over to sports or others? jonathan: we are focused on understanding the locality and trying to maximize the opportunity for the fans. francine: is it fun dealing with football? is it similar to running a business? jonathan: obviously, it is high-profile and we cannot open a new space without people talking about that in newspapers. that is a new aspect we have not had before, but ultimately it is about people. if you enjoy interacting with people and the number of quality people we have found in chelsea and the

gupta: thank you for having me, jonathan. jonathan: thank you for joining us. to check out when interviews we have coming up, go to washington post live.com. i am associate editor at the washington post. thank you for watching k part of washington post live. [captions copyright national cable satellite corp. 2022] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> watch tonight at 8:00 eastern on c-span. also on our free mobile video app, c-span now or online at c-span.org. >> c-span's washington journal, every day we take your calls live on the air on the news of the day and we discussed policy issues that impact you. coming up thursday morning, freedom work senior economist and former trump administration senior economic advisor seeing more has the nation's economic outlook and biting a ministrations economic policy. wendy weiser, the director of democracy program at the brennan center for justice talked about new state laws that affect voting and charges of intimidation

jonathan: good start here.joint debt to do something about the energy crisis, is that something you think we can find agreement on at the european level? dark out we are acting in a very decisive manner -- decisive manner. this time around, we are facing global challenges again. more at the doorstep of europe. in any case, push back together any decisive manner to tackle the challenges. jonathan: based on polemic area discussions, the germans, is that something they would support? nadia: we had an exchange with ministers and with the chancellor. the pack of from the pandemic. we didn't go into intimate details, but i'm pretty sure we need to react in a manner which makes us stronger and allows us to face the current challenges in the best possible manner for actual solutions. >> there is a market consider developing that this is going to be a really difficult time for europe we may see europe fall into a recession. what is not clear if the life and depth of this potential recession. we had any indicators of wha

jonathan ferro, germany joins italy. jonathan: 11 handle for cpi, germany. 11.6%. we have a big turn of events in this bond market. yields are lower today, excel off. in germany, the two year, up 17 basis points. tom: my problem is really smart people are undershooting the trend everywhere. you wonder if that is going to be in the united states as well. jonathan: we keep talking about peak inflation. is it still in our future in europe? inflation number is getting worse. had this conversation yesterday about the ecb having some kind of step m. let's talk about how difficult it is for this european central bank. cpi germany with an 11 handle, and pmi is in the 40's. that is the central bank's dilemma. what on earth do you do with interest rates? lisa: especially at a time when you did not get the worst case scenario. you have not seen those stockpiles of natural gas come down as much as they had feared. and still inflation is coming in harder than people expected. you wonder, tom, how this is going to play out, considering that the ecb is going to crackdown. tom: br

what more can you tell us about what happened, jonathan? from what happened, jonathan?rom what i have _ what happened, jonathan? from what i have seen _ what happened, jonathan? from what i have seen on _ what happened, jonathan? from what i have seen on video - what happened, jonathan? from what i have seen on video it - what i have seen on video it would appear, we would have to see that the investigation said, but this stems from the use of tear gas by the police. it was a hard—fought match between two teams, two cities close to each other with a long history of rivalry. indonesian football has passionate following, sometimes turning violent. in the end of the match, which arema lost to persebaya surabaya, the fans poured onto the pitch. at that point, the police started pushing them back and began to use tear gas. it seems, at that point there was a— for the exits. the stadium has an official capacity of around 42,000 but it is believed it was beyond capacity and it seems a lot of the victims were crushed trying to get through quite narrow exits. we crushed trying t

i am jonathan capehart, this is the sunday show. this sunday, residents and relief workers are on rescue missions, coping through the rubble as floridians grapple through the trauma and devastation left by hurricane ian. >> water came up to about here. when it got to there, the way they were saying on the news i thought it would eventually go over our heads. i called my daughters and i said goodbye. >> it was very traumatic. i went into the water and save three people. i lost one friend, i couldn't savor. she got washed away. >> the devastation is unbelievable. i was a paramedic fireman for 25 years. it is just unbelievable. >> nbc news has confirmed at least 77 deaths have been caused by ian and florida and north carolina. more than 800,000 floridians and tens of thousands in the carolinas remain without power. creating a new facet of this emergency. some hospitals in the area now scrambling to evacuate critically ill patients. in florida's hard-hit lee county, yesterday the sheriff confirmed that 35 people had died from the effect

the david and jonathan both have done. you know, we that that new company that we started is called the dispatch and we started it basically. i mean, we used like some of the same exact language in our manifesto that you just use more light than he reporting facts. first, we live in a world of abundant opinion. everybody an opinion many people want you to know what their opinion is. and the point of the problem is, especially given the speed information these days is everybody to rush out with an opinion quickly and then rather than back off from that opinion, they try to backfill it. they try to support it with arguments that may or may not be true. that may or may not be accurate. so what we try to do with the dispatch is slow the news cycle down so we're okay waiting a day or two. it's a strange position to in with some of our younger journalists who've been trained to to crank things out and get it. we still want to get it first. we still want to break news. but they'll come to me and i'll say let's wait. let's wait. d

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okay, and jonathan and tel aviv. so as we've been saying, israel, of course is holding upcoming elections on a november 1st. and the prime minister has a made comment saying that it's not every day an enemy country recognizes the state of israel in a written agreement. is this really how it is really officials are seeing there's jonathan or are they just making these comments ahead of the upcoming elections? and this has been turned into a political issue in television. i think 1st of all, we have to recognize that this is a little bit more than a technical agreement without b r de facto recognition of the state of israel, or a stat towards peace. and the reason we can say more than a technical agreement is because lebanon asked for the line, the borderline maritime borders. to be reflecting the status quo i. e, it's a purely technical, temporary issue. in fact, what they in the end degree tooth was to recognize it as the international maritime . ready order not only that but was a letter in the most. ready important

at. — jonathan head, at. jonathan head, thank you. was shot in the chest at her home in liverpool. 34—year—old thomas cashman is accused of killing 0livia, who died after convicted burglarjoseph nee was chased into herfamily�*s property in august. judith moritz reports. it's six weeks since 0livia pratt—korbel was killed, six weeks of her family grieving... i'm on it, as well. ..and the police hunting for the gunman responsible. tonight, at last, a breakthrough, announced at a hastily arranged media conference. the crown prosecution service has authorised merseyside police to charge thomas cashman, 34, from grenadier drive, west derby, with the murder of nine—year—old 0livia pratt—korbel. also, the attempted murder ofjoseph nee and cheryl korbel on the 22nd of august, 2022. 0livia was shot when a gunman burst into her home in the liverpool suburb of dovecot in august. he'd been chasing another man and they both ran through the front door which 0livia's mum cheryl had opened, wanting to see why there was so much noise outside. 0livia's

jonathan, that is we stand.d when we go to a general election, this going to be an economic general election. what did she mean by that? just go through why that is key. well, in normal times, just go through why that is key. well, in normaltimes, economic policy is the basis on which general elections are fought and it comes down to who the public views as being the safest pair of hands to look after the country? finances. but it is obvious to all of us about the economic strain that household finances and businesses are feeling, as well as the state of the country's finances as a whole. so it will be the number one overriding issue one of the country goes to the polls at the next general election, which is a reminder, has to be by december 2025, 2024, excuse me, after the last one. so there is no doubt the cost of living crisis and the economic pressures the country is under as a whole along with many others around the world will dominate things and it will be about what the government can offer and what the g

jonathan: restore. point, and has to be not just restoring but improving so when the next storm comes by in week two after a previous one that folks can survive. we are looking at more severe storms happening much more frequent. this storm, hurricane ian, coming through the coast, raking across florida, ramping back up to the atlantic, raking across the carolinas. you've got people and politicians who are looking around and thinking how do we address the things? how do we address the climate? how do we repair? the other big question becomes where does all the money come from? that is the key thing. if washington doesn't get its act together and start doing things more boldly to address climate change, then addressing the climate is super expensive. repairing and restoring communities after they have been decimated for the fifth or sixth time is even more expensive. judy: there is this divide about what to do about climate change right now. david: i'm old enough to remember when republicans talk ed about

jonathan?t is that moment, a little bit of a real hope that in all of the partisanship -- amna: i want to see your fingers this far apart. [laughter] jonathan: a ray of hope that of all the horrible things governor desantis has said about the president and the administration, that he is done -- that he has done sending migrants to martha's vineyard, that he did not play politics with wives. mr. president, welcome to florida. please help. i only say a ray because he then went on a conservative radio show and blasted the administration. that is why it is a ray of hope -- a glimmer of hope, not a ray of hope. not a full ray. [laughter] but it is a good thing to see that they can put politics aside long enough to try to help people in need. amna: david, what do you think? david: remember when we used to live in a country that was divided and polarized? now it is all over. [laughter] i saw angels coming down from heaven, cherubs coming out of the palm beach club. amna: there was music, harps were pl

so, jonathan, give us a sense of what's happening. jonathan: ye. i think what we saw in the summer was a function of the two different primaries that the candidates went through. oz went through a brutal republican primary with a ton of spending, both for him and also against him. there were a lot of attacks on him as being not really conservative. his opponents brought up some of his past statements on things like guns and abortion to say he didn't really believe in conservative values, and he ended up winning a little less than a third of the republican vote. so there was seven in 10 republicans, you know, who chose somebody else in their primary. and on the other hand, fetterman just cruised to the democratic primary and won basically in a run. so he had the democratic primary, democratic electorate united with him from the start and oz had a lot of work to do to get even his base voters, the base republicans, on board with him after that primary. and what it looks like has happened is that those voters have now eventually started to come home t

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what do you see, jonathan? would love to see cows flying but i know i'd be disappointed. [laughter] david: until you are standing under one. [laughter] judy: we just started here. jonathan: he is not going to testify. and i don't think the january 6 committee had any expectation that he would. however, i do think that the january 6 committee felt it was important, given all the evidence that they have, given all the evidence they had presented to the american people over nine hearings that it was the logical thing to do and i think it was the right thing to do, whether he shows up or not. what they are doing is investigating an attack on the u.s. instigated by the president of the u.s. and the hearings and the rept that will be released later in the fall is as much for the american people right now as it is for the american people and the world decades down the road. there needs to be an accounting and what the committee has done is part of that. judy: about history? jonathan: about history, yes. judy: and you

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mike: all right, terry, jonathan. today on fox news sunday shannon bream speaks to white house council economic adviser jerry bernstein and interview with steve scalise of louisiana. you can catch it right here at the top of the hour and don't miss the big midterm show hosted by dana perino tonight at 10:00 p.m. eastern right here on the fox news channel. closing arguments a for igor danchenko and four counts to the fbi can come after that. alexandria hoff. alex: originally 5 counts but one tossed out by the judge on friday over technicality and that was late blow to special counsel john durham who has been working on the case for 3 years. he had alleged that igor danchenko lied to the fbi speaking about the steele dossier which was aimed at destroying then candidate donald trump. since the exchange was by e-mail and not verbal, the charge was too weak and the judge agreed. faces 4 felony counts for providing false statements to the fbi. the prosecution has expressed if he had been truthful about motivations of source

>> anything is possible, jonathan. we've seen race around the country where democrats look like they have a disadvantage and then overperformed on election day. and pulled out some of victory select impossible. but i gotta be honest with you. here in florida, it's a different dynamic. if florida is a harbinger for these midterms, it's good news for republicans, bad knees for the democrats. consistently, val demings, despite being a credible candidate for democrats and having a very strong debate performance earlier this week against marco rubio. still trail significantly by four or five points. can she close that gap? she's going to need a lot to help especially from the national party that right now is looking whether or not they want to invest here in these final weeks before the election. >> the governor's race. former governor charlie chris. now a member of congress. running to unseat ron desantis who is the governor. what's that look like? >> that once a lot tougher. if you're a democrat. part of the reason there

jonathan, great interview.you began by saying, i'm scared because that cut through everything. a lot of americans are right to be scared tonight, because we could lose our democracy, and it could happen in 17 days with this election. if you had been interviewing lincoln in 1860, i would think you would have told him you were scared that the union would break up or franklin roosevelt in 1940, that you were scared that the world might be overcome by hitler and mussolini and the fascist japanese. so using that long view of history, joy, that you're talking about, you know, let's get down to it. 50 years from now, what's likely to be the most important thing that future historians and americans say about the election of 2022? i would say it's going to be democracy is on the knife's edge. without democracy, you can't have a better economy. you won't have elections, won't have rule of law, won't have institutions of democracy. so everyone who is watching us, all i can say is that if you have something better to do du

we'll ask jonathan turley. he is here to lay down some law as he always does. >> john: stunning drop in students' test scores following the classroom closures. former education secretary bill bennett with his take just ahead. think he's posting about all that ancient roman coinage? no, he's seizing the moment with merrill. moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. imagine having to use the wrong tool at your job. (upbeat music) - let's get into the numbers. - why would a company do that? especially with hr and payroll software. with paycom, employees enter and manage their own hr data in a single, easy-to-use software. visit paycom.com and schedule a demo today. are you a veteran, own a home, and need cash? you need to know about the va cash out loan from newday usa. it's called the newday 100 because it lets veterans borrow up to 100% of their home's value. not just 80% like some