kathleen: our top stories today. the stock market almost wiped out gains but other companies rally to a record. opec-plus stays the course. kathleen: ready for round two. the doj prepares a lawsuit against google. let's take a look at wall street. weaker than expected jobs report that cast doubt on a strong u.s. government jobs report on friday, maybe the fed has to keep stimulus. not all that impressive. s&p 500 gaining fractionally, however, when you look at the index, we are talking about mega cap tech, apple, amazon, microsoft, netflix. they went across the board. you can see a gain of 1.3%. at the same time, bonds managed to make some gains. the center of the range. weaker than expected adp report gave them a little bit of a boost. strategists are saying 1.90% in the next few months. they see a bearish formation on the chart. looking at new york crude, the market open down about a half a percent, 2% earlier in the day. people knew that opec-plus supply hike was coming. when the news came out, it did fall. i love

kathleen: all right.ta at this moment in terms of recovering lost production, what doesn't mean further out? river: yes. immediately, toyota is faced with the issue of finding parts and ramping up production in october to make up for the september losses. looking further out, there's broader questions arising over the hyper-efficient manufacturing methods that a lot of global automakers pursue. they work out of these regional hubs and they hold very little inventory. it's various -- efficient for them. they don't have the same margins of ip companies. as a professor of management who looked quite closely at the situation said eloquently, the system is being exposed by delta in regard to how fragile it is. toyota spent last month looking at diversifying its supply chains and making sure that it's not particularly concentrated in one region. on the other hand, diversifying supply chains is costly and time-consuming. these hubs do appear because of reasons. there's cheaper labor in southeast asia. going forw

kathleen: the u.s.t will allocate $2.7 billion to expand vaccine manufacturing, but it is not yet clear which companies will receive the funds. meanwhile, president biden's booster plan is facing resistance from medical expert say they are concerned that politics is getting ahead of the process. joining us to discuss all of this is kara wetzel. the $2.7 billion, what will it do? the vaccines are already out there, right? why is $2.7 billion needed for boosters? kara: it is to continue the overall production. it is not just the vaccine, it is supply like needles and vials. this is kind of part of our plan to provide vaccines also to the rest of the world and more developing countries that neither shots. this will help keep developing it not just for the u.s. but for shots all around the world. haidi: paris getting ahead of ourselves when it comes to talk of boosters being rolled out? -- are we getting ahead of ourselves? the narrative around boosters is getting ahead of where the actual science is? kara:

kathleen: thank you.is boosting its regional business flow from the world's second-largest economy. the ceo speaks exclusively about the opportunities she sees. >> we are partnering with chinese banks so we expect a lot of referrals of customers coming to hong kong. throughout this, we have been building up our strategy for quite some years now. we have our premier profits coming in. indeed, some of these are optional. for the last three years, we have seen that number increased by 50%. those from china increased by 100%. >> talk to us about the impression and strategy to get there. when you take a look at your income, china accounts for 40% of your total income. what are the projections? what are you looking at? >> china accounts for 25%. we still have our home base in singapore. singapore contributes a substantial amount of our profit. we know china is the second-largest largest economy in the world. we know that china is so much more linked with the rest of asia. we will become china's biggest trade pa

how did you develop that that skill kathleen? i wouldn't i wouldn't necessarily call it a skill like all things. i'm no my limitations, which allows me to just be stupid and try hard, but you know, we're blessed to have a colleague in the english department. who knows a lot about photographs from the 19th century, and she turned me over to some other experts. i just kept asking people and i just kept reading books. i'm you know, i you know, we're coming to the end of this thing. so i wanted to just for the student writers out there just repeat what kathleen says in her classes, and i i say my classes all the time three words look it up and i and this is not a burden. it's a joy and there are incredible archives even at depaul that you can use from your computers right now. our newspaper database is for instance our you know, perhaps not what you might find it at some institutions, but they're they're quite good and they're they're just i mean, i think that so often students come to me with this sort of story. well, there's a stor

kathleen: okay. gluten-free, for health reasons. kathleen: okay. woman #2: i circled "skinny" and the "all-natural" because i try not to use marinades that have a lot of sugars. kathleen: okay. somebody else? woman #3: i'd like to see low-sodium and maybe how many calories on the front. kathleen: okay. lemonis: what? i'm sorry, did she want to know what the calories were? trevor: it's so weird. do you think she counts that? lemonis: how rude. trevor: nobody does that anymore though, marcus. kathleen: okay. what else? rivly: i crossed out "all-natural" because it doesn't say much. it doesn't mean much to me. kathleen: okay. what would make that mean something to you? rivly: it would have to say organic, gluten-free, no preservatives, no added sugar, low sugar, you know, all of that. ana: oh, dude, really? like, what else do you want me to put on the label, you know? that's just one of the those people that, for me, likes the sound of her own voice, is just a know-it-all. lemonis: i'm disappointed that

kathleen: that means they would be done in eight months. there is no connection between tapering and lift off but you cannot lift off the rate until you taper. stocks moved up again. there were seven members looking for the rate hike and now it is nine, which is half. i'll show you another chart that says at this point, there are still nine members who do not see any rate hikes in 2022. maybe 2023 or 2024. but the turquoise and purple, there are three who see two rate hikes next year. opening the door to the taper opens the door to a rate hike, even if it does not happen right away. haidi: is the fed getting worried about higher inflation won't be as tapered? kathleen: jay powell said he expects the supply chain constraints to start using and then inflation will fall. they updated their projections and went from seeing 3.4% inflation is year two 4.2%. but next year they see it going down to 2.2%. so a surge and then it will cool off and then we will look at what we are doing. jay powell also said it will not take a superstrong support to op

let's get a look with kathleen hays. kathleen: very complicated, the bank of england is.hey are concerned about growth. their furlough program. pandemic support the unemployed worker program. at the same time, look at inflation. it is surging. wages have gone up. inflation at 3%. well above the 2% target. the chance they will do the hawkish turn people thought they might do. at least from reducing more quickly the pace of bond purchases. we shall see. norway, -- while expected they will raise the key rate. sovereign wealth fund, a lot of money to keep the economy going when they had to deal with the pandemic muscle they have a decent recovery going. a first among the major developed countries to raise our rate well above the federal reserve. i want to do one more. i can't believe the central bank of brazil, 100 basis point rate hike today, one last month, another one next month, central banks are on the move. some moving faster than others. david: kathleen hays with a preview of what is getting started. evergrande the markets ofevergrande, chinese estates up 5%. coming ou

(kathleen laughs) he had a brand-new stove when he passed away.and it had the wrapper, (kathleen laughs) the plastic wrapper on the tray for being brand-new. - [kathleen] yeah - we've been really lucky. i think that these incredibly dark things that have happened to us. when we're lucky enough to come out of them, we try to live a different life. (optimistic music plays softly) and, you know, (indistinct). we have a little bit. - [narrator] in the days and months following september 11th, the country unified in a way not seen since world war ii. america was largely united again. (guitar plays softly) - 9/11. right after, country was strong, it was impressive. - you know, my philosophy is that human behavior and human development it's evolutionary, not revolutionary. it takes time. we can have different opinions. we don't have to be hostile towards each other. we can do things. we can come at things from different ways. we don't have to be hostile. we don't have to be mean to each other. we can do it together. and that's what we did after 9/11. bec

kathleen: let's talk about peru. holding rates, and if you look at our bloomberg terminal, you can see they got their key rate at an all-time record low. they have downgraded their gdp forecast. they are concerned about the rise in not just viruses, but containment measures are back. that is something where they just had to indicate -- we've got to hold off doing anything for now. on the other hand, they have also said they are looking to a pickup in vaccinations. that's going to allow them to stay on hold saying economics will help them move ahead. after peru, they raised their rates the most in 11 years. their inflation rate in the latest month almost 5% year over year. they had to cut their key rate during the pandemic. last month a quarter-point, now another half-point. bloomberg economics says like other latin american countries -- brazil, chile, they are raising their rates because inflation is surging and they have opened the door to faster and more aggressive rate hikes, so it is another country to watch. we

kathleen hays -- kept on shopping. kathleen hays is here. kathleen: economists will say never bet against the american consumer. the american consumer was showing weakness in august. let's take a look at this chart, turning weakness into surprising strength. this was for a big drop. the consensus view of -0.7 came plus 0.7 so that right there was the good news. and in fact, if you look at another chart where we take out auto sales which were week, gasoline sales which fell mainly because gasoline prices were lower during part of august, you see that the number was 2.0%, a decent number, and remember, auto sales are not weak mainly because people don't want to buy them. at least that's what we are hearing. it's because prices have surged, new car prices are up. used cars are in short supply. that is the demand signal. 10 of 13 retail sales categories rose in this report and its true that july was revised sharply lower, so the number, this lower base. to put the two numbers together, it is kind of flat. the year-over-year number has stabilized

. >> i'm kathleen hays. the top stories this hour. >> u.s. stocks hit a record. a cyclicals leading the gain ahead of a crucial jobs report. haidi: foreign investors.

let's bring in kathleen hays. norway hiked its key rate while the pbo we said you have two economic stories going on, and yet, one conclusion. time to withdraw the stimulus. why now? kathleen: it is a similar story and somewhat different, absolutely, because in norway, this oil-rich country has had plenty of resources to help push back against the impact of a pandemic. the economy is in a nice recovery now, and the head of the norway central bank gave this explanation earlier today of why they moved. >> given the normalization of the economy, it is appropriate to staunch the gradual normalization from a very low level, so we made the first step today and increased it with 25 basis points. kathleen: it has the distinction of being the first g10 nation to hike its key rate in this post-pandemic -- almost post-pandemic era, but remember they are following the bank of korea and rbnz, who are moving ahead of a lot of other central banks. bank of england, very interesting because is it's all about inflation. look at thi

kathleen: good afternoon. as part of the departments of first to eliminate sexual assault and sexual harassment, today i am prodding -- providing an update. this represents the departments strategic approach as approved by the secretary of defense to act on the recommendations of the 90 day independent review commission on sexual assault and harassment in the military. we will make needed foundational investments to support accountability, prevention programs, healthy command climates and quality victim care. to date, sexual harassment and sexual assault remain serious problems with legal consequences for service members and harmful effects on combat readiness. this administration has placed an unprecedentedly high priority on this challenge. in its first day, secretary austin issued a memorandum to department leadership tasking them with reporting data pertaining to sexual assault and reston. on february 26, secretary austin established the 90 day review commission. on june 21, the irc provided its findings a

kathleen: a small one indeed. were happy to see it continuing to move higher in a steady move, the consumer price index has started to pull back just a bit, especially when you look at the monthly numbers. those are the gold bars along the bottom. a lot lower than the 0.9% increase in june. in fact it's the smallest advance in seven-month. but the turquoise line move down year-over-year but it is about 5% for three months now, that's pretty high. in terms of the reopening, prices eased for things like used cars, prices shot up when people bought houses in the suburbs and suddenly need to buy a car. airfare and car rentals all look better. there's a lot of talk about taper and how things look but less pressure, a lot of people are speculating and president biden has not decided if he will reappoint jay powell. haidi: so were looking at that call rating, still pretty high. kathleen: it is interesting, but you can look at things that are even more basic than that and see why they are saying inflation is still too hig

kathleen hays, bloomberg's economic and policy editor.vonne: and we look at allegations that the current head of the imf when she worked at the world bank pressured economists to boost china's ranking among global markets. this is bloomberg. ♪ yvonne: the imf managing director has been called out by her former employer, the world bank, for applying pressure to boost china's ranking in a report of global economies while she was ceo there. rishaad: let's get to bloomberg's imf and world rank reporter, eric martin. this is quite a revelation. if it is proven to be true, where does it leave her? eric: absolutely. in the last few minutes, the last hour or so, we have seen the first statement that i have seen suggesting this could be an existential threat to her continuance as managing director of the imf. there republican congressman from arkansas, member of the house financial services committee, who says this alarming report raises serious questions about her motivations during her time at the world bank, and if the allegations are approved,

kathleen: investors think it will be a long, slow process.hat is what they have concluded from what jay powell and many fed officials have said, and it may depend a lot on how quickly we can put the virus behind us. the next meeting is coming right up. at the july 28 press conference, jay powell was asked so many questions about tapering, when you are going to do it, and he said he would like to see a couple more solid jobs reports, so that is why this carries some significance, i think. of jobs numbers do come in stronger, don't i sure it will come as latest market is looking for. there's a lot riding on this to a certain extent. even though it is before a long holiday weekend, there is still a fair amount of drama around this. yvonne: there certainly will be. economics and policy editor kathleen hays on what to look for in the jobs report. we have more to come. this is bloomberg. ♪ rishaad: you are back with bloomberg markets. let's have a look at hsbc. of course, all over evergrande. more on that coming up. but hsbc's ceo talking about the

shery-ahn: kathleen hayes. the european central bank is coming out and saying the financial times article on inflation and the rates outlook is inaccurate at the financial times reported the ecb expects to hit its inflation target of 2% by 2025 in unpublished internal models that suggest it is on track to raise interest rates in just over two years. we are getting the reaction from the ecb saying the conclusion that a lift off of interest rates could, already in 2023 is not consistent with our forward guidance. he made clear in a public event on wednesday that by being persistent with a high level of monetary stimulus, the ecb can reach its 2% target over time without mentioning a specific date those would be the comment by. the ecb refuting the ft article. let's turn to the latest on troubled developer china ever grand. it is said to be ready in a fire sale of unsold property as it seeks to eliminate a liquidity crunch. payoff angry investors and avoid an outright collapse. for the latest on the ever grand sag

kathleen: fair enough. that recalibration, they were purchasing 80 billion euros worth of bonds under the emergency program a month and that will be targeted between 60 billion and 70 billion, giving them some flexibility. the recovery is advanced enough that they can be maintained. still some concern about the delta variant kind of tripping the economy out, certainly a global resurgence in delta. is it tapering? i guess the main thing is lagarde also said they will continue overall their bond purchase program, $185 trillion through march of next year and beyond if needed. paul: all right. let's turn to another gray area. a couple of federal bank reserve enough federal reserve, bank presidents are selling their investments. why is that? kathleen: it made news, the fact that they were actively trading investment. this is all on the up and up, in their 2021 financial disclosure date men's. all fed officials make these every year. drop kaplan, dallas fed president, doing more than a couple thousand million dol

kathleen hays is here with a preview. jay powell himself still bets on transitory inflation.hat can we expect? kathleen: this is at the core of what the fed is saying, we are going to taper carefully and slowly and not russian to rate hikes because the consensus view, not 100%, the consensus says prices spikes will start cooling off. instead what we are looking at is an inflation rate, we get this report on tuesday, it is expected to remain above 5% for the third straight month, that is the turquoise line. those old and yellow bars are showing a little bit of easing off on a monthly basis. we are looking for 0.4% for the month of august versus 0.5 in july, but 5.3 for the turquoise line is not much less than the 5.4 in july. the fed's transitory inflation camp still says the base effects will say when inflation fell, we stopped comparing it to negative numbers and it will look better. we think the reopening driven things, like airlines and car prices, that will pull back because reopening will continue. but what is on the other side of the argument? let's go to this one, infl

kathleen: the boj is the odd one out, isn't it?ks are looking to start reducing stimulus, not the boj because of a couple of things. inflation has been almost a year below zero, that is called deflation. there was a pandemic and weak growth but the problem for the boj is looking at gdp, where it has been and where it is expected because this is testing clouds over their decision today where they can't do much of anything. gdp was down sharply last year. japan seemed early to be hit on on its own virus problems but the rest of the world, shutdowns, lockdowns, not as many demands for exports. coming out of that, look at those two orders of average growth. -- quarters of average growth. then the first quarter, you get a negative gdp, been positive, almost 2%. the rate of exports has been slowing, how badly are these lockdowns going to affect consumption? that is one of the big questions that has to be answered. or details on the green lending program. are you going to get questions for the governor about the upcoming election? a new p

e smith. >> author professor kathleen smith on this episode of book notes plus.c-span.org/podcast or wherever you get your podcast. ♪♪ >> the senate about a gallon to work on

kathleen: he talked about rising inflation, the fed is trying to guard against that.ottom line, here is what they are going to look at and but we have to listen or. what do they say about transitory inflation? they raise their inflation forecast when they put out there new summary of economic ejections. taper timeline. are they going to start soon? we don't know. they are expected to open the door even if they don't give an exact date. how much is the delta variant expect -- affecting the economy? these are the key things we are listening for them to talk about. rishaad: tell me also, we had some talks of speculation, the reserve bank of new zealand, looking at a 50 basis point hike. that has been quashed by an official? kathleen: it was the head of the rbn who made it clear they were ready to take a rate hike step at the last meeting, but because of the lockdown of some of the biggest cities, they did not. but today, he pointed out and made a broad statement that when things are uncertain and risks are balanced, central banks tend to leave their policies unchanged an

kailey: -- kathleen: jay powell said the taper could end by the middle of next year. at the same time, the dot plot, the interest rate forecast showed that nine now see the first rate hike by the second half of next year. is the fed tilting more hawkish? patricia: i think they are. that seems pretty obvious. i think they were concerned at the slowdown in growth over the summer. they have been encouraged. i think they started to signal this a little earlier than what perhaps the market consensus was. there were signals at the last f1 see meeting that the taper could be moved into this year or early 2023, and it was forecast to be much later. the next meeting seems likely and in the q&a chair powell was clear that in his opinion it would take a mediocre jobs report to discourage him from that view. he described where the labor market was. which he took in his definition to be substantial progress. in getting back to full employment. the timing seems to be very steady if i had to guess, of the taper. a standard, slow timing over the course of it months. kathleen: so you

kathleen: what can the boj do right now?e an inflation rate that has been running nearly 12 months in a row below zero. it is understandable. if you start counting back to last year, you know the pandemic hits first. the global economy exports we can. all the weakness for japan came from overseas. they seem to be sailing through the pandemic. virus cases stayed very low relative to the rest of the world. getting of this year, they have come out of some negative growth. they have had positive growth. suddenly virus cases start popping up in japan. they have negative growth and then positive one. as long as we have the emergency extensions -- emergency lockdowns extended and there is some doubt over the third quarter growth rate. there is some doubt over when they can get inflation back in positive territory. there is not much they can do. what we are going to be watching for is what is the assessment? do they downgrade the assessment? it is probably not a meaningful thing. we figured they are going to give their etf policy. t

. >> kathleen anne burns. >> keith james burns. >> john patrick burnside. >> irina buslo. >> milton gillo. >> thomas m. butler. >> patrick dennis byrne. >> timothy g. byrne. >> daniel m. caballero. >> jesus neptali cabezas. >> lillian caceres. >> brian joseph cachia. >> my father, michael angell printed out. we love you, we miss you. there are so many of things i wish you were a part of. we hope that you are part of us and please look after the rest of the family. >> my father. philip david miller. we love and miss you. you will always be in our hearts. i wish he read here to see your three or four grandchildren grow up. in my heart i know you are watching over us. >> richard michael caggiano. >> cecile marella caguicla. >> john brett cahill. >> michael john cahill. >> scott walter cahill. >> thomas joseph cahill. >> george c. cain. >> salvatore b. calabro. >> joseph m. calandrillo. >> philip v. calcagno. >> edward calderon. >> jose o. calderon-olmedo. >> kenneth marcus caldwell. >> dominick e. calia. >> felix bobby calixte. >> francis joseph callahan. >> liam callahan. >> >> suzanne

let us bring in kathleen hays with the preview. kathleen, jay powell betting on transitory inflation. what will prove him wrong? kathleen: there are couple things that will prove him wrong. this view of temporary inflation is the big reason for the fed to go through -- not go towards tapering or rate hikes too quickly. it is an important issue. the start with a terminal chart looking at the monthly inflation numbers and the year-over-year numbers. those yellow gold bars on the bottom showed that last month, the monthly number was only 0.5% in july. both bars don't look quite as big. look at that turquoise blue line at the top. 5.4% year-over-year in july. the forecast is for a small decrease. if that's where it comes, that will be the third month in a row or the year-over-year cpi has been over 5%. point number one would be the fed sank those are base effects. they will start to fade. those reopening prices will jump like airline tickets yet out those will come down. the first answer is that those temporary reopening things are get

e smith. >> author and professor kathleen smith on this episode of book notes a plus. or wherever you get your podcast. >> c-span american history tv continues now pretty combined the full schedule for the week and on your

the silent spring" authored by georgetown university professor kathleen e. smith >> author and professor kathleen smith on this episode of book notes plus. listen at c-span .org/podcasts. or wherever you get your podcasts. >> today the house financial services task force

kathleen hall jamieson is director of the annenberg public policy center at the university of pennsylvania. the headlight on this year's survey is america's civics knowledge increases during a stress filled year. explain. guest: if you do not understand we have three branches of government, it is difficult for you to understand what is happening in the news on a day-to-day basis. one question we ask is, can you name three branches of government? this year, the number of people who could went up. we are surmising the jump was in part because all three branches were in the news this last year. the bad news is they were in the news because this was a stress test year of our system of government. you have the branches contesting with each other, you had an election, the end product of an impeachment process that did not yield a conviction. all of that -- we have an increase in the foundational knowledge about the constitution. the good news is more people can name the branches. i wish we had gotten there through civics education and not a difficult year. host: more people could name the freedo

would take on the drug companies. >> in times of crisis, you see what really drives someone, for kathleen been the health and safety of the long island she loves. meeting the moment of this pandemic by securing money for testing and treatment in new york. taking on the drug and insurance giants to lower cost and restore coverage to those hit hardest by the downturn. >> that was her campaign promise. to take on drug and insurance giants, now that she has been elected she is doing the opposite. she's doing with the drug giants want by blocking a proposal of her own party that would lower the cost of prescription drugs. she is perhaps, activists are concentrating all their attention on a rise in attempting to persuade her to flip and support the drug price reform. in the aforementioned executive, -- let's talk about the proposal itself, it is a version of the much often discussed medicare negotiating with pharmaceutical companies to use their purchase power to bring down prescription drug prices. >> that's right. this is something that democrats actually started fighting for in 2006, this wa

his wife kathleen has never been found.r evans, cbs news, los angeles. >> o'donnell: tonight, police here in wton e taking no chances as they brace for tomorrow's rally in support of those charged with storming the u.s. capitol. late word of new online there is late word of new online chatter about potential violence. we get more from cbs' jeff pegues. >> reporter: capitol hill on high alert tonight. there are layers of barricades, fencing and security cameras, canine units patrolling nearby union station. today the capitol police chief acknowledged violence was a possibility. in your view, are those threats of violence credible? >> we don't know with any certainty, but what we do know is this: that the chatter that we heard prior to january 6 obviously turned out to be-- many of those threats turned out to be, in fact, cred. >> reportehis bout where thot are going to be tomorrow. you see the barricades set up. they can see the capitol, but it's still about a quarter mile away, and this is probably as far as they're going t

e smith. >> author and professor kathleen smith on this episode of book notes a plus. or wherever you get your podcast. >> c-span american history tv continues now pretty combined the full schedule for the week and on your program guide or at c-span.org/history. >> let me tell you better speaker tonight. winifred gallagher's book created america, just the way you are, and "new york times" notable book working on god's written for numerous publications such as the atlantic monthly, "rolling stone" and eric time. her newest book, new women in the old west from sandler's to suffer just an untold american

. >> martha: kathleen, tell us about bart. >> bart was a great guy. he's 32. just starting out. married. very much in love. very happy. a lot of plans for his future. he was a great brother. an amazing son. a wonderful uncle to his five nieces and nephews. he was a patriot. he loved this country and loved being an american. he had a beautiful, bright smile that was very infectious. you know, he had a ton of friends. he was a gatherer of people. and he was a planner. he loved planning to get his family and friends together all the time. >> do you remember briefly about that morning and learning that he might have been in the building? >> i was takening my girls to school. i heard it on the radio. i called my husband and said, you know, does bart work at the world trade center? he just started working for cantor six months before. my husband had a view of the towers from his office. he said yes. he does work there. it does not look good. i immediately drove my kids to school. i went to the church. i stayed at my local church for hours. i think my husband came and got me and brough

kathleen: it sure looks that way. democrats in the house got so much attention, they got the ear of everybody. they want to spend big, but there are moderates in the house , too, and this is what they are trying to bring together, this revised corporate tax proposal. they want to raise the corporate tax rate from 21% to 20 six point. . percent not quite as much as joe biden wanted, 28%. capital gains, 20% will go after 25%. joe biden was looking for 39.6%. it is far less than that, though it is estimated to raise more than $2 trillion. it is a $3.5 trillion plan. you have to pay for it somehow. that is what moderate democrats are talking about. some of them are in swing districts. if you look ahead to the midterms, a swing district, libya have a powerful republican challenger if i am a swing democrat, i have to appeal to them, too. . in the senate, there is joe manchin, pounding the table saying, we already past $5 trillion with the stimulus. let's slow down, let's talk about this. he says he is looking forward to tal

kathleen has seen a thing or two and happy to be joined by her now.this first point which is that policy in all these cases are amount to judgment calls made by elective representatives in vested with democratic authorities by the people. that can't just be the science. they're built on the science, but there are trade-offs, and there are calls that policy makers are going tough to. make in all of the situations. >> you bet chris. first it's good to be with you, and you're absolutely right. but i think that fundamental job, that any elective official particularly somebody in the executive branch agency, a governor, a president, amir, look set is safety and security of the constituents. here she serves, that is primary. then the economy, then other things, but protecting the people who you are elected to serve is really fundamental. and you use all the resources possible. i think what president biden has done is balance between what the science says and trying to juggle encourage making the fall of the science. and when that turned out not to be as eff

vanessa kerry the ceo of seed global health and kathleen hall jameson at the university of pennsylvaniaresident is promising $750 million for global vaccine distribution. where is that money most critically needed? >> it's a terrific question. i think the reality is that we have to get very real about what that means to donate vaccines is one thing, it's incredibly powerful, there is a vaccine scarcity, but for every dollar donated to vaccine it's going to cost $5 to deliver that vaccine and half that money -- excuse me. >> that's okay. >> half of that money is going to be -- perils from working from home in a pandemic. half of that money for vaccine delivery is going to be due to training a health care workforce. there is a lot of discussion yesterday about the infrastructure and the tools and the vaccines that were needed, but little -- not as much sort of discussion about what it means to deliver those and health care workforce that has been on the front lines of this covid pandemic. i think we need to be very thoughtful about what it means to get the shots from tarmacs into arms. >>

kathleen hays in new york. perhaps playing into the holiday inflation story with shares falling after the of iphones unveiled at the products event on tuesday. no major design changes. they feature improvements to the battery processor -- battery, processor, camera. it is a tradition, you do see the stock price fall on the product release day. >> that is right. typically the stock price falls. the biggest jump in an iphone launch was the original iphone introduced by steve jobs in 2007. there will never be anything like that again. of course the stock fell. they were muted changes, not significant. once people see how many will sell, the stock price will tilt them to the other direction. shery: despite the stock losses, the gtv chart showing the magnitude of apple's market cap. approaching the market cap of the u.k., japan, and germany's stock market. what is next for apple? >> air pods and new macbook pros . you will see them in the next couple of weeks. we are due for the release date of the apple watch serie

that's scott peters of california, kurt schrader of oregon, kathleen rice of new york. do you think of that? >> i think it's totally absurd. you have a republican party which is a right-wing, extremist party right now, which is owned by the pharmaceutical industry. the polling out there is just unbelievable, whether you're republican or democrat. overwhelming majority of the american people understand that the pharmaceutical industry is ripping us off in an unconscionable way. you may recall i have made two trips to canada with people from vermont and people from the midwest. we but insulin and other prescription drugs for one-tenth of the price that the drug companies are selling the same product here in the united states of america. thousands of people die every year because they can't afford the medicine that they need. the question is whether we have the guts to stand up to what is an incredibly powerful lobby. you know how much money these guys in the pharmaceutical industry have spent over the last 20 years on lobbying and campaign contributions? >> i don't. >> do

smith. >> with author and professor kathleen smith on this episode of "book notes plus." listen at c-span.org/podcast or wherever you get your podcasts. >> world leaders gathered in new york city today for the 76th session of the u.n. general assembly. up next, we'll hear speeches by u.n. secretary-general antonio gutierrez, the u.n. general assembly president and the brazilian prime minister. this is -- brazilian president. this is about an hour. >> the meeting of the general assembly is called to order. first, we will hear a presentation by the secretary general in his annual report on the work of the organization on the agenda item 112. i now give the floor to the secretary general of the united nations, his excellency, antonio gutierrez. >> mr. president of the general assembly, excellencies, i'm here to sound the alarm. the world must if wake up. we are on the edge of an abyssn and moving in the wrong direction. our world has never been more threatened or more divided. we face the greatest cascade of crisis in our lifetimes. covid-19 pandemic has supersized inequalit

kathleen hayes is here what recap.bout the strength of the japanese economy? kathleen sps this is a rebound from a weak first quarter, shery. it's showing that businesses are stepping up and spending. that's the main reason it seems we got the revision up to, what was it, 1.9% from 1.3% previously reported and a drop of 4.2% in the first quarter. nothing like those booming back from the terrible quarters suffered in the worst of the pandemic attack on the economy but still moving ahead. business investment was revised up to 2.3% in the second quarter from 1.7%. strong global demand, strong demand for exports from the likes of the u.s. and some other countries seen inducing export-led businesses to put some money back into their businesses. this is a different chart actually. this is looking at household spending. and that was a bit stronger in the latest report, not these numbers. these show three consecutive months of negative household spending. that doesn't make the third quarter look so good in the quarter we're lo

kathleen hall jamieson discuss civics education. later, new york university's paul barrett discusses the importance of social media on political polarization. "washington journal is next. ♪ host: good morning. it is friday, september 17. constitution day in the united states. the founding fathers assigned the u.s. constitution in philadelphia in 1787. since then, we have made 27 amendments to that original document. this morning, as we reflect on the significance of the constitution, we want to know which of those 27 amendments is most important to you. phone lines split regionally for this discussion. one for the eastern or central time zone, mountain or pacific time zone. you can also send us a text this morning. if you do, please include your name and where you are from. otherwise, catch up with us on social media. a very good friday morning to you. you can go ahead and start calling in now. let us know the most important constant -- eminent to the constitution in your mind. we begin with this:. the headline "the u.s. constitutio

kathleen is here with the latest.athleen, secretary yellen warming of economic catastrophe. >> she certainly is. look at what you set about what happens if the best doesn't raise the debt ceiling soon in a wall street journal op-ed over the weekend. the country has always paid the bills on time, but the overwhelming consensus on both sides of the isle is that failing to raise the debt limit would produce widespread economic catastrophe. here is what she lays out as some of the things that could happen. we would be defaulting on the debt number one, which means you wouldn't pay things like social security. military troops wouldn't get paid. childcare tax credits might not get handed out. all of this to pursue potato historic financial crisis. possible spiking of the interest rates, stock prices falling. bond yields all over the place. ultimately, this wonderful economic recovery could even turn into a recession. so dire consequences. why isn't this going to happen like a slamdunk? well, for starters, let's remind every

let's bring in kathleen hays, our economic and policy editor. what kind of picture is this painting to you now? >> it certainly seems to be painting a picture that in a variety of ways, the resurgence of the virus is not quite as bad as it has been in the past, led by the delta variant, that this is taken out of all kinds of indicators, certainly all cons of the economy, business aspects, and this is the question -- at the same time, inflation is spiking up and putting stimulus at risk. let's take a look at some of this. we have the pmi of just below 50, but i think we have to remember that 24 hours ago, when we got the official big government pmi and services plunged over 50 to 47, that is what really got people's attention. if china is slowing down and getting hit again -- though some people say it is particular -- particularly china, not the people's manufacturing side. of course, we have australian second-quarter gdp coming in stronger than expected. they are having more cases, but they have and putting up with this for a long time. it does

para despedirnos esta tarde, le presentamos a la oficial kathleen (hablan en inglés).tedes para informarse con nosotros. los esperamos en. a las once. buenas tardes. (♪ música ♪) (♪ música ♪) nos (♪ música ♪) (♪ música ♪) (comerciales). >>> para ademÁs este sÁbado >>> ( ♪Úsica ♪ ). >>>

kathleen hall jamieson is director of the annenberg public policy center at the university of pennsylvania. the headlight on this year's survey is america's civics knowledge increases during a stress filled year. explain. guest: if you do not understand we have three branches of government, it is difficult for you to understand what is happening in the news on a day-to-day basis. one question we ask is, can you name three branches of government? this year, the number of people who could went up. we are surmising the jump was in part because all three branches were in the news this last year. the bad news is they were in the news because this was a stress test year of our system of government. you have the branches contesting with each other, you had an election, the end product of an impeachment process that did not yield a conviction. all of that -- we have an increase in the foundational knowledge about the constitution. the good news is more people can name the branches. i wish we had gotten there through civics education and not a difficult year. host: more people could name the freedo