katie: this is good news for walmart. it feels like walmart can make money in any environment and right now making money from the tray down. i have to imagine it is painful for other parts of the industry. andrea: i would imagine. what they have talked about is doing a better job on fresh food , general merchandise, fashion, home furnishings. i was listening to the call thinking the latter is not going to be totally good news for target which has a lot of those upper income customers and they come in for essentials but also by the fashion. so walmart turning the incredible scale on that market is not great for target which is trying to turn around its fortunes. katie: really appreciate your time on the blockbuster earnings from walmart. to broaden out the conversation, joining us is mark spellman, ceo of alpine woods. let's talk about what we have learned about the consumer. we had the walmart earnings showing the trade down and retail sales were a big goose egg which surprised a lot of people. how are you feeling about t

katie: this set of data incident 2016. walk us through why the decision to in in 2016 and what the data might have looked like? thomas: the data on what presidents do every day comes from the presidential libraries. a presidential library gets built. and you have the daily calendars and those are what i went through. for former president trump we don't have a presidential library yet so those documents are not available. we can look at the public pressure he exerted but in terms of personal interactions, i cannot see them yet. i am eager to look at those in the future once we have a trump presidential library. david: it sounds like we should take seriously about influence on the fed? thomas: yes. based on my research it can have severe consequences for inflation. we should take this seriously and i'm glad you are reporting on it. katie: it is a great paper and we thank you for taking the time to discussing it with us. thank you to thomas drechsler of the university of maryland. david: we will speak to glenn august who spok

katie: we appreciate your time.till ahead, people take a look at the company is making the most social buzz in our social climbers segment, next. this is bloomberg. ♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. katie: time for social climbers. look at the stocks making waves on social media. pfizer leading expectations and hiking its full-year profit outlook. the defendant from cost cuts and strong sales of non-covid products. pfizer trying to regain their footing after the rapid decline of its covid business. finally playing catch-up. the maker of heinz ketchup and kraft mac & cheese says man for products is softening banks to higher prices and reduced food stamp benefits. estee lauder lowering its revenue outlook for the

ellen: thanks katie.s we look at the rest of the year we think there is some danger the consumer may weaken. he sought in the gdp revision numbers from today when he saw the q1 gdp revised down a few tens of a percent. that was due to lower consumer spending. you are seeing more differentiation in the retail names that have recorded -- reported recently. you have seen weakness in the job market. it is not weak but it is weaker than it was. the job market had been so strong for the last 12, 18 months. it's beginning to soften a little bit at the margins. i think you will see more differentiation amongst the consumer names. you will see a little bit weaker consumer numbers generally as we go forward this year. that does not mean the market is lost. it does not mean the economy is going down. you just need to be a little more selective. katie: that's a good point. we are seeing so much dispersion within sectors. foot locker and kohl's are a example this morning. i really haven't have-nots situation here. i t

katie: you make an interesting point.t is worth extending your timeline thinking about what type of businesses will be the users of ai. if you think about the stage of the investment cycle when it comes to ai, it feels like people are going up to the picks and shovels, the companies that are powering ai such as nvidia. it sounds like you are saying look beyond that. kim: absolutely. this is going to -- i don't know if anything really pops up. microsoft is probably the only place i think they have a whole lot of data that they can provide better services for the client to mine. that's a no-brainer. there will be other quirkier things. oh, i should have thought of that. to be on the lookout about where people have data or there is a lot of wasted human activity that it machine could do better. those are the kind of places i'm looking for investment opportunities. i think everybody should. katie: be on the lookout and be creative. have a great weekend. that is kim forrest of bokeh capital. let's look at what's moving under t

i am katie greifeld.loomberg. >> from the heart of where innovation, money and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: live from san francisco, i am caroline hyde. ed: and i am ed ludlow. this is a special edition of bloomberg technology. we will speak to

katie: and katie greifeld in new york. welcome to "bloomberg markets." look at markets on this friday, green on the screen after a disappointing day on thursday. s&p 500 higher by .4%. it felt by .7% yesterday. we are marginally lower for the week. a look at the nasdaq 100, higher by half a percent. but russell 2000 current the higher by .6% or so. let's drill down into eli lilly, boosting its weight loss drug supply. the farmer giant was meant 5.3 billion -- will spend $5.3 billion to make the main ingredient on its with loss drugs. the popularity of this shot has led to shortages. gaming cardi joins us now with more details. you think about the question to boost production and be able to address the demand. how far will the investment go? >> ideally, despite the ubiquity of these medicines it sometimes escapes and it sometimes escapes notice that they are technically in a shortage, lily's and a competing drug from novo nordisk. the idea is to boost the production of the active ingredient. it is not just the immediate problem lily is having, the autoinj

katie:: i m katie greifeld and welcome to bloomberg markets. a lot of good news on the screen behind me. s&p 500 on an all-time high of about .4%. the same story if you look at big tech higher to the tune of about point 4%. you can see the 10-year gilts currently lower by point 05, pretty close to 430 and some of that has come back. consumer prices cooled in april for the first time in six months which is a welcome relief for the fed. we have had a while to digest had by numbers. take us below the headline what were some of the biggest component moves? mike: they were good because they came down on the month of for the month basis. most of the categories people watch did go on the right direction. used cars fell as to cost for health care. for many people although prices are still rising. there are some areas the fed will be worrying about. the good news in the numbers is housing where it is so small decline but there is a decline to the lowest we have seen. with rent going down as well. this may presage a further drop in housing. that is what

thank you for paying tribute, katie. james, i for paying tribute, katie.e out of today? accountability. that is the true _ come out of today? accountability. that is the true thing _ come out of today? accountability. that is the true thing here - come out of today? accountability. that is the true thing here for - that is the true thing here for everyone. myself included. forso long, they've been ignored, unheard, ghosts, having a death sentence on them almost permanently from the moment they are told they are infected. there is a stigma that everyone has had. they think it needs to... i think people... finally, they've been heard. dad passed away but we are doing this for him for people who are still alive and fighting and deeply honoured to be part of a group that has fought so hard when i didn't think something like this would happen and would finally come. i am deeply grateful that this moment is sort of almost upon us. {lila deeply grateful that this moment is sort of almost upon us.— sort of almost upon us. 0k, james and katie, — sort of almost upon

i'm katie greifeld.ou automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> from the heart of where innovation, power, and money collide, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: i'm caroline hyde in new york. ed: i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: coming up, the amazon web services ceo is stepping down from the job. details to come. ed: openai unveils an update as google kicks off

. ♪ katie: i'm katie greifeld in new york. taking a look at markets on this tuesday.ome early gains we woke up to are starting to fade. the s&p 500 trying to hold on to green territory, currently up .10 -- .1%. the nasdaq 100 dipping into the red, unchanged. the direction of travel is lower. the small-cap index, the relative outperformer today with a very thin margin. the russell 2000 higher by .3%. we will see how that shapes up over the next hour. the big story of the day, the sparkle coming off of the mouse house. disney shares slumping despite being profit estimates and raising guidance. the company reporting fewer subscribers to the disney plus streaming service and say the price hike isn't to blame. >> we took prices up in the beginning of the year and didn't really see much of an impact. as to what the future brings, we are very judicious with the way price. want to provide access to as many guests as we possibly can but we do believe that the great experiences we provide people are willing to pay for. katie: for more we are joined by bloomberg intelligence. it

katie: there you go. the ramp up into mother's day look like in terms of how you are managing inventory and what you are marketing? how do you capitalize on that moment? >> inventory is a fun game when you deal with perishable products. we have an end to end 12 day cycle to get the product in country and get it to the fulfillment centers and get it to our customers. we intend to ship 13 million stems this mother's day weekend. that will give you some perspective on what the scale up looks like four business our size. the ramp up starts and we plan months and months in advance and wait for the week to arrive and it's here and we are in it. katie: so let's talk about inventory more. i understand it's been a tricky subject and it sounds like it always is but especially when you think about the extreme weather patterns we've had with droughts in california. you think about rain in south africa. how is that translated into your business and the supply of flowers? >> south america where we import flowers from t

we will kick the tires in just a bit. ♪ katie: i'm katie greifeld, welcome to bloomberg markets on thisriday. we see some fading enthusiasm on the board behind me. the s&p 500 is currently not changed. some of the gains are coming out now and more so if you look at the nasdaq. your big tech indexes sinking to end this week. we are seeing a rally in the bond market. the 10 year treasury yield is lower by 5-6 basis wanes. we are below 4.5% but that's not helping big tech. let's talk about the pce figures. the fed's preferred measure of u.s. inflation is moderating in april. michael mckee has the details. you've had 90 minutes to go through the details, what was behind we saw in april? mike: we saw some of the areas we expected to see get some disinflation back including used cars and housing but not by very much. it was a moderate victory for the anti-inflation crowd with pce falling 0.2% for the core and 0.3% rising. no changes year-over-year. we saw a slowdown in spending which went from 0.7% in march 20 point 2% in april and incomes did not rise as fast as they have been, led by wages

katie: delight the senses. remaine: -- romaine: he said fragrances are one of those things people are willing to indulge in and spend more on. you saw that show up in a blue mercury, their cosmetics flagship brand but also in the space in bloomingdale's at macy's counters as well. katie: it is interesting to see the stock reaction and consider that they have activists coming after them. what does this mean in terms of pressure when it comes to those activists? romaine: he was reticent about answering the question. they have 15 members on the board and at least two of those are from that are cost brigade mash-up. -- that our cows brigade -- park ark house ordered and were in that it takes them in the wrong direction -- brigade mash-up. he is worried that it takes some in the wrong direction. katie: that is bloomberg's romaine bostick. macy's currently down .2%. coming up, a cheaper cup of joe. coffee prices should come down this year. we will talk with the ceo. this is bloomberg. ♪ - super excited to open up my

katie: patchy around the globe.k a little bit about where you are seeing different trends. i spoke to andy a couple weeks ago, and he made the points that when it comes to return to office, the u.s. is behind the rest of the world. so if you can give us color on how that is translating into leases, that would certainly be interesting. christian: yeah, the u.s. is indeed very slow in returning to the office, but obviously we are now having a very low base. on that low base, we had an increase in our office leasing activities in the u.s. by just about double-digit percentage numbers. so we had 14% increase in u.s. office leasing, 12% increase in apex optics leasing, and europe was a decline with -8%. with the bases low enough, a tick up can deliver a nice increase. katie: let's talk about another u.s. pacific dynamic going on, and that is the federal reserve. you saw the rate cut expectations get pushed out further and further into the year. i wonder how that is affecting commercial real estate and how property manage

katie: welcome to "bloomberg surveillance," i'm katie greifeld. midday in the session, we are looking at a down day on the s&p 500, off by 6/10 of 1%. you keep going down the list and you can see the nasdaq 100 is also off for tenths of 1%. your big underperformer on the day. you don't see this often but the philadelphia semiconductor index chipmaker stocks are off, and all the while you are seeing a bit of a lift when it comes to bond yields. the two-year treasury yield currently higher by one basis point. on the midday movers when it comes to the equity side, conocophillips agrees to higher marathon oil in an all stock deal. this deal of course adds to a wave of recent energy as producers seek drilling sites on the bet that oil and gas will remain strong. american airlines revising a profit outlook downward, adding to uncertainty. the airline disclosed that their chief commercial officer is departing. china's leading ride-hailing provider, dd global, net loss for the quarter despite the rise in sales. the company is also losing money on a stake

katie: good point. to your point on the options market, great coverage on the terminal right now that the options market in terms of what it's been pricing in for post earnings move, specifically for nvidia, hasn't been too correct over the last few quarters. when you look out and look at the broader market, we're really at the tail end of earnings season, we have some big names left, but now we're sitting just on the cusp pretty much all there at all-time highs. what's next? you think about the fed and how we entered the year with six cuts priced in, now we're down to two, and it seems like the market says that actually doesn't matter. what are you anything the interaction between the micro and macro? >> when you look at the macro, the most important driving factor over the long term is u.s. government deficits. and they're currently running about a trillion and a half. it doesn't seem to matter too much which party wines. those are likely to persist. that creates a crowding effect. it's hard to see ho

katie: point taken on valuations. he could argue that nvidia looks cheap, but then you look at how far shares have come. it is really breathtaking. let's take a look at a name that you do like, the taiwan semiconductor. thinking about the geopolitical tensions and issues around that name, how do you square that with the company's fundamentals? sarah: you see that they are working to move manufacturing to other countries so they are not solely tied to taiwan. there was news out the other day that they had the capabilities to effectively turn off the factory in taiwan, if there is an invasion. the other reality is, as we are seeing in russia, it is hard to prosecute a war at any scale. it is hard to do that at any real scale without getting a lot of global involvement. while not remain something to keep and i are in, i think we have a lot more problems than just taiwan semiconductor. in the short, they are the people making the chips. apple can also design their own chips. at the end of the day, there are very few place

katie, what are you snobby about? >> katie: what in my snobby about? bad. bad ammunition jams. what it want that. >> greg: what's a good animal? >> katie: a brand? >> greg: yes, what do you think i'm asking? >> katie: there is lots of friends come i don't want to discriminate. >> greg: all right. brian, what are you snobby about? >> brian: is that similar to what you want? i hate gum chewing. i immediately think less of them. >> greg: snobby about certain behaviors as good. >> brian: so i did okay? >> greg: did all right. harold, snobby for or against something? >> harold: i am snobby about the fast food. i like popeyes, like chick-fil-a, and i like this new thing raising cane's. i am very particular about chicken, especially fried chicken. >> greg: judge? >> judge jeanine: i am snobby about people who lick their fingers when they eat chicken or something like that. i have seen that and i am like, where did they learn how to do that? >> greg: that's disgusting. i guess i am snobby about language. i'm very snobby about people who used to many catchphras

katie: good point on kick.uibble about valuations at this point, but when it comes to the earnings performance, it's just best in class there. so you mentioned broadening it out, really needing rate cuts. with that in mind, what sectors, what types of companies are you feeling a little bit less positive on right now? >> if you look at where we're underweight, it's more the lower beta type sector, so you have real estate, you have utilities. those are the sectors that were not as positive right now, because we are constructive on u.s. equities, and we're constructive on risks. so i think going in to the second half of the year, we still expect a rate cut. we expect the fed to cut rates in september. again, if that doesn't happen, and if the narrative shifts to rate hikes, then maybe you want to shift more into these more defensive sectors. but right now, we still like tech and we like pockets of consumer discretionary, consumer staples as well. katie: reallien void this conversation. hope to have you back again

katie, for rishi sunak. still six weeks. katie. great _ for rishi sunak. still six weeks.atie, great to _ for rishi sunak. still six weeks. katie, great to speak _ for rishi sunak. still six weeks. katie, great to speak to - for rishi sunak. still six weeks. katie, great to speak to you. i political rallies are taking place across south africa today as parties make their final attempts to win support ahead of wednesday�*s election. it�*s expected to be the most tightly contested election since democracy was introduced 30 years ago. the anc, if voted into power next week, will focus onjobs the anc, if voted into power next week, will focus on jobs for the next generation. the breakaway parties are also holding final rallies. let�*s cross to my colleague catherine byaruhanga who is following events from the anc�*s final pre—election rally in johannesburg. what is happening there? hello, lewis. do what is happening there? hello, lewis- do you — what is happening there? hello, lewis. do you know _ what is happening there? hello, lewis. do you know what, - what is happening the

katie, are you there? hi, i'm here, _ bournemouth, hi. katie, are you there?h, hi. katie, are you there? hi, i'm here, yes. how. bournemouth, hi. katie, are you. there? hi, i'm here, yes. how are ou? there? hi, i'm here, yes. how are you? i'm — there? hi, i'm here, yes. how are you? i'm fine- _ there? hi, i'm here, yes. how are you? i'm fine- i— there? hi, i'm here, yes. how are you? i'm fine. i want— there? hi, i'm here, yes. how are you? i'm fine. i want you - there? hi, i'm here, yes. how are you? i'm fine. i want you to - there? hi, i'm here, yes. how are you? i'm fine. i want you to go . you? i'm fine. i want you to go first. you? i'm fine. i want you to go first- we'll— you? i'm fine. i want you to go first. we'll get _ you? i'm fine. i want you to go first. we'll get as _ you? i'm fine. i want you to go first. we'll get as many - you? i'm fine. i want you to go first. we'll get as many of - you? i'm fine. i want you to gol first. we'll get as many of your first. we�*ll get as many of your questions and voices on. katie, speak the minister. hi. questions

katie: this is bloomberg markets. i'm katie greifeld.now take you to virginia where our own annmarie hordern is standing by with an exclusive interview. we will bring you that as soon as we have the feet. let's check on the markets on this monday morning coming off of two straight weeks of gains. the s&p 500 hanging in onto gains. let's go now to virginia where anne-marie is standing by. annmarie: thank you. we welcome our tv audience and radio listeners here in virginia. i'm sitting down with treasury secretary janet yellen. thank you so much, madam secretary, for joining bloomberg. secretary yellen: thank you for the invitation. annmarie: we are in stafford county, which bind and one in 2020. you are here to talk about the fiscal agenda that we see from this administration, highlighting these millions of dollars coming to broadband in rural areas like virginia, but when you look at consumer sentiment, the michigan survey, recent polls, inflation remains top of mind for american voters. how do you get them to potentially look at the way

so nice to have you back, katie. i congratulate fans on the publication of a book that could not be more timely. a was learned by both of you by me during the process. let's start with those momentous days. 1989. those of us who were old enough remember it well. november 9th, the fall of the berlin wall, just year and a half after reagan said, tear, it's down. that's when you know speeches matter. literally a year and a half afterwards, people of the captive nation of east germany with their hands with took down the berlin wall. however, at the same mike found an article had been published by felicity berenger, which is a very different take on the events of 1989. you introduced that article to me, katie, would say what was shocking about? berenger this article and why it really is the preface to this new yeah, sure. so you know, one of the reasons that we wanted to write the book was we wanted to understand how we've gotten to where we are. and i thought, you know, mike's found a really key clue, which was this arti

katie: the s&p 500 unchanged. the centerpiece of the week is coming up tomorrow. you are seeing a bit of a rally. two years yields down by three basis points. look at the 10 year. down two points. adam celeb ski is stepping down. aws account for most of amazon's profit and the new ceo is that the units top sales and marketing executive ventures of oracle are rising after information was reported x ai has been talking to oracle executives about spending $10 billion to run cloud servers from the company. at the deal would make x i -- x ai one of oracle's largest customers. let's bring in ed ludlow. let's start with aws and changes in the c-suite. what we know about matt garman? ed: matt garvin is a long time or at aws. he started in 2005, full-time in 2006. he went from being a product guy in the early days of aws, particularly on the compute side. andy jaffe task tim moore with demand on the lead generation side, being vice president for sales and marketing around the world. selipsky stepping down as a bit of a surprise but he leaves aws and a pretty rude health. t

good job, jesse. >> katie: we are going to move on.h the pros hamas -- during jerry seinfeld's speech. ♪ ♪ choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away. >> judge jeanine: the pro hamas lunatics out in force. anti-israel agitators walking out of jerry seinfeld's commencement speech at duke university's with some of the crazies chanting "free palestine." [chanting "jerry"] >> judge jeanine: , but are university were wearing zip zip ties. one woman ripped up her diploma on stage. i will go with the last one. ripping up your diploma onstage, jesse. do you think she should have ripped up her resume as well because she doesn't have a chance of getting a job? >> jesse: alvin bragg will probably hire her. it is as much about the students as it is about the parents. dad has been saving for years and pinching pennies and was unable to get the hot rod that he wanted. now that tuition is

katy, thank you ve much get quite spooked. katy, thank you very much for— get quite spooked.y much for that. _ let�*s speak to ava santina evans, political correspondent for politichoe. thanks very much for coming on the programme. let�*s look at the labour perspective from this. if you were keir starmer, how would you be feeling? keir starmer, how would you be feelin: ? ., ., , keir starmer, how would you be feelina? ., ., , , .,, feeling? you would be quite pleased, it is the worst — feeling? you would be quite pleased, it is the worst result _ feeling? you would be quite pleased, it is the worst result for _ feeling? you would be quite pleased, it is the worst result for the _ it is the worst result for the tories in about a0 years in a local election, about the same as where they were in 95, which i don�*t need to tell you is just before they lost that catastrophic election 97. but i would be concerned about the leadership�*s position on israel gaza, in places like 0ldham they have lost seats to independent candidates specifically speaking on a one—man date, which is the

this is bloomberg. ♪ katie: the u.s.ustice department may reclassify cannabis as a less risky drug. currently it's a schedule one narcotic. that's the same level as heroin, lsd and ecstasy. this proposal would move it down to a schedule three narcotic on par with anabolic steroids and testosterone. for more on the potential impact we are joined by kim, tree leaf cannabis chair and ceo and founder. great to have you with me i'm hoping you can put this move into context for us because you take a look at your share price reaction it's clear investors aren't sure what to make of it. you are hired by 38% on tuesday down 17% yesterday i know you're higher by 1%. how meaningful, how significant would this be? >> to put into context the biggest kind of impact that we will have as a plant touching u.s.-based operator is the relief which is our current tax burden as a purveyor of a schedule one drug so even though we are legal in the states in which we operate given the federal classification and we are subject to two ade which is

katie, many thanks indeed. not long now before _ double. katie, many thanks indeed.ouble. katie, many thanks indeed. | not long now before manchester city will get their hands on the trophy. i'm notjust watching my monitor here and that trophy lifting is probably going to take place in the next five minutes or so and we will hopefully bring you that towards the end of the sportsday. let's head to the emirates stadium, our correspodnent joe wilson is there. a very different mood i'm guessing but they went down fighting, six wins in a row, great character to get the win over everton afterfalling behind, but they came up short again. they kept city honest and that is a key thought people have mentioned to me at the end of the match that key thought people have mentioned to me at the end of the math_ me at the end of the match that they ke -t the me at the end of the match that they kept the title — me at the end of the match that they kept the title race _ me at the end of the match that they kept the title race interesting - me at the end of the match that they kept th

hugo, katie, thank you so much. can always watch "the katie phang show" saturdays at noon eastern, right before this show on msnbc. >>> pictures coming back to haunt a supreme court justice and a new report about what the wife of the justice told the washington post. back in 2021. ck in 2021. i thought i was sleeping ok... but i was waking up so tired. then i tried new zzzquil sleep nasal strips. their four—point lift design opens my nose for maximum air flow. so, i breathe better. and we both sleep better. and stay married. when did i call leaffilter? when i saw my gutters overflowing onto my porch. leaffilter is a permanent gutter solution, so, you never have to worry about costly damage from clogged gutters again. it's the easiest call you can make. call 833.leaf.filter today, or visit leaffilter.com. (vo) red hot deal days are here. it's the easiest call you can make. only until may 29th. get a bundle of your choice on us. so you'll get a free phone and a smartwatch and a tablet. yep, all 3 on us only at verizon

maybe katie, i agree with katie and joking aside i do think it's important there's a debate. job biden -- joe biden is too old, i'm happy that the ball is in donald trump scored as they say. i do like that they will each other's microphones when each one are speaking bears for there won't be a shouting match. looking historically at past elections we know all the debates don't move the needle all that much when it comes to voters. i do think it's important and i think they won't make a whole lot of difference come november. >> before he let it go i have to get you both to react. every now and again something happens that makes me miss the british monarchy. happen last night during an oversight committee markup. people said you miss congress, i miss the british monarchy after i watched legislators talk about fake eyelashes and physiques. it's just not worthy of a nation like ours. katie, number one why did they do it in jose i will get you to weigh in to. don't you think, surely voters don't want that, do they visit ad homonym personal insults? i will let you take this with la

>>> good to be with you, i'm katy tur. imagine waking up knowing you are in charge of history, a decision you will make will be taught in schools, written down in history books, and then that decision awaits you today. imagine how heavy it would feel to get out of bed this morning. it's a lot. and yet that is what 12 men and women are doing right now, deciding if they believe the former president of the united states, donald trump, committed a crime, potentially multiple felonies for as the manhattan district attorney's office argues corruptly trying to interfere with an election. engaging in a so-called scheme that prosecutors say could have been what got him elected. the prosecution has told the jury they think this is a simple case, that in the weeks before the 2016 election during the fallout from the access hollywood tape, donald trump caused michael cohen to buy and bury the story of an affair with an adult film star, to hide it from you, the voters. they call that election interference, and say this case has so much

i'm katy tur. all eyes are on lower manhattan where five women and seven men are in their eighth hour of deliberations, tasked with deciding whether donald trump is guilty of a cover up to interfere with the 2016 election. this morning, the jurors asked the court for a second hearing of key testimony. the descriptions from both michael cohen and david pecker about the 2015 trump tower meeting where the three men agreed to work together to promote and protect donald trump in the press. from pecker, quote, at that meeting, donald trump and michael, they asked me what i can do and what my magazine could do to help the campaign. i said what i would do is i would run or publish positive stories about mr. trump, and i would publish negative stories about his opponents. i said i would be your eyes and ears. if i hear anything negative or hear anything about women selling stories, i would notify michael cohen. this from michael cohen's testimony, quote, what he, david pecker said was he could keep an eye o

>>> good to be with you, i'm katy tur. buckle up, because at 8:00 a.m. or so around this morning, president biden dared former president trump to two debates and by 11:40, both were officially on the schedule beyond the quick acceptance, though, what makes the june and september debates so remarkable is how different they are going to be. controlled by a news network. held in a tv studio without an audience and with microphones that shut off when a candidate automatically goes over time. and if you need a reminder for why these rules are needed right here is a refresher. >> vote now. make sure you, in fact, let people know you're senators. >> he won't answer the question. >> i'm not going to answer the question. >> radical left -- >> will you shut up, man. >> who is on your list, man? >> this is -- >> gentlemen -- this is so unpresidential. >> that off button on the microphone is going to come in handy. a lot has happened since then. biden won, trump would not concede, as you know, and he got indicted for it. roe was overturned. 20 states band or restric

i'm katy tur. arguments. it will be each side's final chance to drive home their points before a jury of 12 new yorkers will decide if donald trump is guilty, potentially making him the first former president to be convicted of a crime. and while we don't know what they will decide, we do know how the biden campaign will respond, planning to aggressively capitalize on this historic moment, regardless of the verdict, which is exactly what donald trump's team will be doing in exactly the opposite way. "the new york times" reports that trump plans to rely on his predictable playbook, you know it. releasing a fire hose of angry and vengeful attacks on everyone he thinks is targeting him. joining us now, dasha burns, the hill senior political correspondent, amy barnes and political white house reporter and author of the west wing play book, eli stokels. we have seen this play book a lot now since 2015. >> yeah, i mean, for as unprecedented as this whole situation is with a former president, you know, go

katy perry apparently at the met gala. or is that katy perry?g viral not for the reasons you are thinking. katy perry at the latest victim of a i generated photos. >>> all right, nice costume katy and this is a nice golden look at the golden gate bridge from treasure island. good morning, everybody. whether you are crossing a bridge to come into san francisco or you are going up to the north bay or the east bay or beyond, we ( ♪♪ ) you made a cow! actually it's a piggy bank. my inspiration to start saving. how about a more solid way to save? i'm listening. well, bmo helps get your savings habit into shape with a cash reward every month you save. both: cash reward? and there's a cash bonus when you open a new checking account to get you started. wow. anything you can't do? ( ♪♪ ) mugs. ♪ bmo ♪ >>> time now for a look at what's coming up later on "cbs mornings" and we check in with our friend nate burleson. >> hey reed, good morning. good to see you. here's what's coming up on "cbs mornings." the ongoing feud between rap superstars drake and kendr

let's bring in my legal panel, katie phang, host of the katie phang show on msnbc. melissa murray, nyu law professor and msnbc legal analyst, harry lipman, former u.s. attorney who just left the courthouse, and joyce vance, former u.s. attorney and professor at the university of alabama school of law. harry, i'm going to go to you. you just walked out of the courthouse. what was the prosecution presenting when you left? >> they were really effectively, joy, going just at the points you made with the smoking guns. you know, blanche made an odd decision in the opening, saying that these records were not false. and everyone was expecting that to be really him to have to eat those words during the closings, and now is when he ate them, because it just seems really preposterous to try to suggest that somehow these were legal services by cohen, not to mention that trump as much as conceded it in a lawsuit, in tweets, and the like. he's really hammering him on just that point now. the other thing he had moved to is trump's vindictiveness and how harsh he was toward both co

katie: we put our shoulder to the wheel looking to find savings.port writers station -- re-privatizations. there is a lot more to do. we need to look at reforms in age care, defense and heavy lifting in terms of looking to find out how they make room for priorities. lowering debt so interest payments are lower, they are structural pressures and they do not decrease. we need reform in all of those areas. paul: australia be the of many countries but let's look at the spending. you delivered cost-of-living relief. tax breaks for australians. was there a sense that may be those high income earners this? katy: cost-of-living elements are targeted, rent assistance, medicines, i we can provide those. the most efficient way to deliver a short-term relief on electricity is -- the minute you move outside of concessions it is broad-based. paul: in terms of tax incentives, this was a centerpiece the budget. those tax breaks do not start until 2028. can you explain the reason for the delay? katie: renewable energy superpower has the production tax credit system

i'm katie lamont and with me isroxany huey and together we are leading tndc as interim co ceo. so pleased to have you with us this beautiful day to celebrate the reopening of ambassador and ritz hotel. exactly! this day has been a long time coming, and it is so wonderful to share with all you who help make it happen. as many know, tndc experienced a tragic loss with the sudden passing of our ceo. it is meaningful our first ribbon cutting without him is on the pavilion of this historic building. the bricks of the ambassador have witnessed pain, suffering and loss and they have also seen care, compassion, restoration and joy. we hold an amazing tenant talent show every summer where you all are standing and it is one of my favorite things about tndc. to preserve the life of the ambassador and ritz as supportive and mindful homes where people live and develop community with their neighbors and with the people that work here, this is part of mor ilo vision endureing vision providing stable homes for all members of our community. i like to read a few words spoken by morilo about the

katy let's take a look we have tape of -- jean-pierre responding to this.. >> this is something the president would agree upon which is, you know, you -- as someone who was a senator for 36 years, he believes that people should respect each other. treat each other with dignity. and civility, i think you have to treat peel with dignity. you have to treat people with respect. it is important. it doesn't matter which side of the aisle you sit on. it is important to do that. because you are there to work on behalf of the american people. tom: katie should she be reminded was a senator of 36 years everyone knows how old the man is. >> lots of good footage going after justice clarence thomas during confirms hearing as molly pointed out all other people to go after on a personal level that would not count as handling things in a appropriate dignified way. but to put this on a humorous level i was texting with a friend who works in the senate yesterday and the senate clear -- difference clear difference and she was saying this is why -- we don't do business with th