. >> and you know what this debate of the debt ceiling, larry summers actually said that he would holdreasuries. this is what he thinks about the whole raising that deal and political debate. >> you are going to see a lot of stupid posturing and games of chicken in washington, but i have every confidence that this will be worked out. >> the u.s. house expected to say -- right, the u.s. house expected to vote on the debt ceiling and raising that, but really calling that stupid posturing, larry summers. the even general assembly, finally that week is september. this year, it will be face-to-face, but of course, very limited when it comes to the delegation. the conversations are expected to focus on vaccine equity, not to mention tackling the climate crisis. >> difficult conversations ahead when it comes to the australian prime minister. a very controversial few days when it comes to this new u.s.-u.k.-australia trilateral agreement. a pretty cool diplomatic data card, he is supposed to be there for the revitalized --, but it does look like there will be a bailout with joe biden as well a

i just want to remind her audience of something larry summers said earlier this year, that editorial in "the washington post" in february, when he pushed back against the inflation call. loads of headlines, we carried on talking about it for months, but it was more than just about a push back against the inflation story, the transitory story. it was this quote right here. "how will political and comic space be found for public investments that should be the nation's highest priority if you pass this $1.9 trillion bill?" that was the right question to ask, and in many ways, mr. summers was right about what has transpired. tom: we overlay fiscal on fiscal, and the part of the economy doing so well, and a huge part of america flat on its back. damian sassower much ago publishes for bloomberg on emerging markets. turkish lira out at 8.90, and damian says less transitory when you look at inflation dynamics. jonathan: the language has changed. what he said yesterday, a process with a beginning, middle, and end. that's english, all right. lisa: the past two vague -- the path to -- the path

that mister president larry summers senior advisor for two democratic presidents about the risk of inflation. which face the day. as one reported quoting, former treasury secretary has been warning since february president joe line and spending agenda was creating risk of an inflation spike this year. potentially cutting into the r economic recovery from the f pandemic. but washington democrats have spent trillions of dollars on pet liberal projects. they've been wasting money like there's no tomorrow. and american families are hurting. as a result. inflation is more than overtaken the average worker's wage growth since last year. employers are raising wages higher and higher. but their workers paychecks go less and less far. families incomes and savings are eroding right before their eyes. democrats have done this proudly on a partyline basis. back in 2020, during the teeth of the covid emergency congress worked to pass rescue packages that republicans and democrats had written together. virtually every serious expert agreed after the last relief bill we passed in december the economy was p

that mister president larry summers senior advisor for two democratic presidents about the risk of inflation. which face the day. as one reported quoting,

treasury secretary larry summers on bloomberg tv's wall street week.ccinations and new variant strains won't end until covid-19 has touched almost everyone. it is one of the takeaways from today's bloomberg big take. it won't happen for the next 3-6 months. bloomberg's reporter michelle cortez joins us now. there is some indication that numbers are coming down in countries hardest hit. how optimistic can we be at this point? >> we do know that the case numbers will come down. we have seen it over and over again. the implications here with this latest report is that it is unlikely this will be the last wave of coronavirus. we will see it coming down in the early stages of autumn but expect to see an increasing number of infections in the fall and through the winter and through the beginning of 2022. francine: a fabulous story -- nearly all of the predictions -- nearly all will be infected or locked down. >> we are going to be seeing more lockdowns. there will be school closures. we are already seeing some of that. there will be an increase rush to get v

francine: larry summers talking crypto regulation. worried about the evergrande crisis having an impact on the broader market. >> i think this journey of how do we move to a new form of money, a new form of asset, is going to take time. these are not easy transitions to make. money in particular, there is a pathway for having digital money. it will face serious headwinds because it comes and the face of monetary policy challenges, macro challenges. digital tokens as a means of exchange will be choppy. banks will have a role to play. digital assets as a store of value might also see choppiness, but i think given what is floating around, it has room. we have taken a portion -- an approach with uncertainty. we make it available to investors and institutions. we are trying to proceed with it in a way that allows us to benefit from the regulation. >> china's clampdown has been the black swan for investors for the most part of the year. how exposed are you to evergrande? what provisions are you making for it? >> our strategy on china of the

tom, let us reset and go back to the op ad larry summers earlier when this administration passed the fiscal as art and larry summers pointed out it risks overheating the economy and two it risks taking the oxygen out of the room for infrastructure spending. you can say the first point is still up for debate, on .2 i think you cannot. i think it was correct, it has taken the oxygen out of the room. tom: it is not our job to give an opinion, but a huge body of experts in both sides of the political aisle would say you have overreach with a double linkage of these two very large bills. that is an original concept, i would suggest and it will be tension -- tested. manchin wants a separation. lisa: w he -- he wants a pause about inflation, but what inflation is he looking at? it comes down to the labor market. all eyes are on how much wages are going up and how tight the labor market is. that is why i am interested in what president biden and marty walsh has to say. jonathan: roundabout 9:35 eastern. a little bit later. market up nine on the s&p 500. pewter is advancing around .2%. 700 --

joining us now is one of those former treasury secretaries who wrote this letter, larry summers with ssage, larry, that you have here, that even dancing with this idea could cause an accidental default. tell us why you are are on board with this letter? >> look, the credit of the united states going back to alexander hamilton is a fundamental national asset. it is the basis of all financial markets, it is the basis of the way the government is able to spend money. it has been unimpeachable. if it is called into question, if we don't meet our obligations, if it even gets to a point where there is a serious risk we will not meet our obligations, people are going to be at sea, they're going to become highly uncertain, they're going to freeze their spending plans, they're going to have difficulty with the collateral they have for their financial positions, and you have got a risk of financial chaos. you can debate how much we should spend, whether -- how progressive taxes should be, what we should do about the corporate tax, there is plenty of stuff that you should debate. but nobody shou

this week, special contributor larry summers on whether the numbers show whether we need to be as concernednflation as we thought. larry: the figures this week actually looked more ominous relative to history. david: and blair effron of centerview partners on what the c-suite inks about the tax debate that's raging down in washington.

larry summers says the pandemic is the single biggest national security threat for the u.s..'s david westin that president biden's vaccine mandate is absolutely necessary. >> i think this is going to be with us in very serious ways for a very long time. unless we get the vaccination rate up and what he did is necessary to get the vaccination rate of. i think it is supported by the vast majority of americans and i think what will be accepted ultimately by most other americans is this. it is like fluorite of the water. it is like the tests our kids have to take to go to camp or go to school. this is like going through security at airlines. our complicated and dangerous world required things that did not used to be required. this is an example of that and we are struck, he is doing it right now. two years from now, it will be hard to imagine a world where there have not been vaccination requirements for the administration. i think there is a crucial dimension of all of this. that is what is happening globally. it is still not getting enough attention. this is something i have be

this week, special contributor larry summers on the numbers of whether we need to be as concerned aboutlation as we thought. larry: the figures this week actually looked more ominous relative to history. david: and blair ephron on what -- thinks about the tax debate that's raising down in washington -- raging down in washington. >>

haidi: larry summers speaking with bloomberg's david westin on wall street week.continue to track the biggest vaccination campaign in history. more than five point 5 billion doses have been given out right now. coming up next, australia's biggest new operation into decades. the managing director given us -- gives us the precious metal outlooks. this is bloomberg. ♪ haidi: you are watching " daybreak australia." time for the morning calls. gold is holding below the monday session. will there be more pressure ahead? >> macquarrie reckons so. they do see it being more gradual. they have adjusted their average forecast for this year and next slightly higher. in the long run, they have seen the drop in global bond yields. flipping the board, they are fighting the chance of u.s. gas possibly doubling to $10. high energy costs may trigger a transitory argument but morgan stanley does not see double-digit levels were gasping supported in the long runs. shery: we could sydney see the rebound cash continue to see the rebound. it is about $70 a barrel. this after hurricane i

secretary larry summers weighing in on cryptocurrency regulation.fficials have taken steps four months to crack down on cryptocurrencies but they have moved to erase any doubts about their intentions, saying crypto transactions in china are and and they will rule out the mining of digital assets. our next guest says the implications are profound. winston mott joins us now. it's always great to see you. -- winston

on the inflation concern, look at what larry summers said.you really care about it, talk to the fed at quantitative easing. and one point for the number, it is a ten year number. they always use the one year number, not the ten-year number. and for something liketments th ten-year number. >> that is a fair point, they're concerned the number has become too famous. is that a concern of yours? we talk about hay, it is the $3.5 trillion reconciliation bill. it's not the build back better plan. some of that, some of this, sometimes, is messaging. >> i agree with that. we should say it is a few percent increase in gdp per year, and what does it do? it is giving people childcare. it is making sure we deal with climate. peoplement to know that we have a plan for clean energy. i think if we sell the plan we can succeed. >> as an observer here, i have not understood the motivation of holding back the infrastructure bill. you look at it, this president would use a bill signing pretty badly right now. and if the only reason this is being held back, then

special contributor larry summers on whether the fed got it right. dr.would taper faster. i'm not sure what they are waiting for. david: a central bank digital currency and what it would mean for the banks. >> banks will change in an immense weight and they will

emily: larry summers saying covid-19 is the biggest risk to u.s. national security. can hear more of the interview straight after "bloomberg technology." that will be on "wall street week." the pandemic has also had an unquantifiable effect on our underserved communities. the inequality gap that existed prior to the outbreak has only gotten wider and harder to bridge. bay area power couple steph curry and aisha curry launched a foundation called eat, learn, play, to address this issue. any quality, children, families. the newest project is a mobile resource center built from a former school bus to deliver food, education, and recreation to children in need in oakland. i caught up with them at the workday charity classic where they gathered to play golf for a good cause, and started by asking about their work with oakland kids and the impact they have seen covid have on the community. >> what we have identified in our foundation to create that well-rounded experience, and retention for them. the pandemic only increased that need exponentially. it is bad to think about

people like larry summers and jason furman saying this is a concern for inflation.ou will have high demand that will push up prices and that will be the inflation issue for the fed to deal with. haidi: as we mentioned, democrats in congress proposing corporate tax hikes, that seems to reflect the political precariousness of the economic agenda. kathleen: it doesn't matter how progressive you are, as a house democrat, you know you need moderate house democrats onboard, and in the senate as well. here's what they propose now. tax hikes on corporations, just not as big as joe was looking for. the top corporate tax rate goes up from 21% to 26 point five, and president biden was looking for 28%. capital gains from 20% to 25%, but joe biden was looking for nearly 40%. 39.6%. it's estimated to raise more than $2 trillion, however, and they will have another $3.5 trillion in spending, you have to pay for it, that is the idea. but it is aimed at helping business minded democrats in swing districts up for election in the midterms. and of course everybody is watching democrati

special contributor larry summers tells what he sees in the numbers. >> it's not that employers don't

we are following the democratic former secretary of treasury, larry summers in january, then again iney, gasoline on the fires of inflation." we agree with that. you know how high inflation is. this additional money is just going to get us back to the 1970s on inflation. that's why we are concerned by not backing this $6 trillion this administration wants to add to the national debt and things of that nature. >> tomorrow, they want to vote on this infrastructure package. would you vote for that? this is the issue now for the house. would you vote for that? >> let's put it this way: they are talking about adding things other than a continued resolution for the government to keep going. i don't want to shut down the government. what's the extra stuff they're putting in? one thing we are certain, where we won the case on monday where we let them put in the debt limit into the continued resolution, and the reason we did not do that is all of this spending is democrat spending. they don't even have republicans at the table to negotiate with them. they want to go this direction. republicans

jonathan: larry summers, the harvard university professor emeritus.at the ed sheeran of the economics profession? tom: ooh. i would say the ed sheeran of sieges academics -- of procedures academics. jonathan: equity futures up 0.6%. don't allow a question to reveal some kind of opinion i may or may not have. euro-dollar, $1.1774. negative on the currency pair 0.3%. tom: let's talk about that for 30 seconds. a breakout of $1.18. there's a frame of thought that takes euro down to $1.12. jonathan: i think we've got to get to december now. i know i sound like a broken record because i've spent the last three months saying let's get to september. tom: sounds like ed sheeran lyrics. [laughter] jonathan: nice. tom: emily wilkins is going, what are they talking about? emily wilkins of bloomberg government, they are back and what. -- back in washington. let's continue this discussion. how do democrat elitists, the rich guys in the democratic already, how do they push against the progressives -- the democratic party, how to they push against the progressives? e

former treasury secretary larry summers says america doesn't stiff its lenders. >> you can debate howhould spend, whether how progressive taxes should be, what we should do about the corporate taxes, plenty of stuff that you should debate. but nobody should be debating whether the united states is going to pay its debts. if my kid spends too much on his credit card, we might have a family debate about whether i'm going to pay the bill or whether he's going to pay the bill. but it's not an option for our family to stiff the credit card company. >> yeah, a congressional diamond dash. it's just ridiculous. if congress doesn't raise the debt limit, the treasury department won't have enough money to pay the bills. and then the treasury department has to decide what to pay. that means federal payments to millions will be halted. social security checks could stop for nearly 50 million seniors. troops wouldn't be paid. critical monthly child tax credit payments could stop. all kinds of bills would stop. borrowing costs for credit cards, mortgages and cars could spike for millions of consumers

party line basis, which is going to fuel inflation if you speak to democratic economists like larry summers, wait a second. we're supposed to aid and abet party line spending which even democratic economists say will fuel further inflation. no, that's not right. if you want to come back and meet where we can actually find common ground, where we can address needs as opposed to a democratic wish list, then we'll help. not when you're just trying to tank the economy by fueling inflation to get your wish list. >> senator, this debt ceiling has nothing to do with the reconciliation. this isn't about spending going forward. this is about spending that's already happened. i understand the messaging you want to make clear and the issue of spending. i understand that from an ideological disagreement. that's politics. but that's not what this debt ceiling is about right now. it's simply paying the bills we've already promised we'd pay. >> we'd actually raised the debt ceiling adequately to address all the way up to the $1.9 trillion package that was passed the american relief panel on a party line v

here is what the former treasury secretary larry summers said a few moments ago. >> you can debate how much we should spend, how progressive taxes should be, what we should do about the corporate tax, there is plenty of stuff you should debate. but nobody should be debating whether the united states is going to pay its debts back or not. >> again, this is paying the credit card bill for what congress already spent. by the way, congress under a republican and a democratic president. this is what has already been promised. >> we have been up to the brink before and pulled back, right? are the markets betting they reach agreement? >> i think the markets are betting they reach agreement. but they have been privately lobbying mitch mcconnell, the house minority leader, not to mess around with this and he's apparently unmoved. they're worried about the unintended consequences of getting too close of the treasury department having to start to pull back on some of its payments and then that creating something -- unintended consequences in the global market we don't know about. that's the risk

glass of champagne was when janet yellen was appointed chairman of the federal reserve instead of larry summersst: let me say with that for a moment. -- stay with that thought for a moment. you're very well aware of the many youtube videos and the like that of become memes about nancy pelosi that have accused are sometimes in public on medication or drunk. what is the reality of that? guest: i don't think that's true. i see no signs that she drinks. i've been at dinners with her i've never seen her drink. i think you can do a lot with a video clip. people could probably make fun of me on a video clip from this interview. i think that is a slur that is not correct. host: go back to their stories. five kids in six years. guest: six years and a week. host: you tell about her seeing mother or to some thing and also -- seeing motherhood as something that forced her and she encourages women to use their motherhood as base to continue their careers. talk about how she viewed what motherhood did for her and her skill set. guest: you think of the lesson she learned from her father the politician as bein

treasury secretary larry summers says the pandemic is the single biggest national security threat forricans and the rest of the world do not get vaccinated. he told david westin president biden's vaccine mandate is absolutely necessary. >> i think he did the right thing. i think this is going to be with us in very serious ways for a very long time unless we get the vaccination rate up. what he did is necessary to get the vaccination rate up. i think it is supported by the vast majority of americans and i think it will be accepted ultimately by most other americans. this is like fluoride in the water. this is like the tests our kids have to take to go to camp or go to school. this is like going through security at airlines. a more complicated and dangerous world requires things that did not used to be required. this is an example of that and we are struck that he is doing it right now two years from now, it will be hard to imagine a world where there have not been vaccination requirements. good for the administration. i do think there is a crucial dimension of all of this, which is tha

we also heard from larry summers saying people need to grow up. there is a lot of stupid political posturing that goes into debates like this. we are really talking about the drag that could come from fiscal pullbacks. not just what the fed does with its taper plan. shery: perhaps we might see some of that at the u.n. general assembly. i always get excited come september because it is the week. we will have more then 100 liters giving speeches at the u.n. general assembly. the key topics for discussion will be vaccine equity and climate change. looking forward to those discussions. haidi: know who will not be there? the chinese president xi jinping. he has a handful of domestic policy issues to deal with. not just the regulatory overhaul but this issue of evergrande will be on the top of a lot of investors' minds. pond repayments, debt repayments , they do not take a holiday. we have some key debt becoming due. the question remains for this company, is this going to be a systemic risk? will this have the kind of domino effect not just in other pro

you see being expressed by a bunch much k34iss, including people from both sides of the aisle larry summers. one of the key takeaways on this, is even if we saw it slightly underwhelm today, the consensus is quite relax so if there's a surprise to come, it might have a bigger impact on the market than perhaps we expected. >> sure. maybe that surprise would be exactly what level it settles out at there's obviously a lot of room from the a% and down below 2%, where we were before the crisis. that's where you may good et repricing. >> josh friedman there sara >> i thought it was interesting he was looking at the -- always good to get his thoughts >>> when we come back apple shares are lower we'll discuss whether investors should be buying the stock on the sell the news event. >>> mark mahaney just hiked his target on amazon we'll get his reaction to our interview, on "closing bell. your strategic advantage. we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in r

president, is larry summers, the senior adviser to two democratic presidents about the risk of inflation we face today. as one reported claim, quote, the former treasury secretary has been warning since february that president joe biden's big spending agenda was creating the risk of an inflation spike this year potentially cutting into the economic recovery from the covid-19 pandemic. end quote. but washington democrats have spent trillions, trillions of dollars on pet liberal projects. they've been printing and wasting money like there's no tomorrow. and american families are hurting as a result. inflation has more than overtaken the average worker's wage growth since last year. employers are raising wages higher and higher, but their workers' paychecks go less and less far. families' incomes and savings are eroding right before their eyes. democrats have done this proudly, proudly on a party-line basis. back in 2020 during the covid emergency, congress worked across party lines to massachusettsive rescue packages that republicans massive rescue packages that republicans and democrats h

we also got larry summers chiming in saying can congress just grow up?athleen: and happens every time this issue has to be voted on. janet yellen is treasury secretary and determined to get congress to step up and get this done. she warned of economic catastrophe in this op ed in the wall street journal. she said that u.s. is always paid its bills in the past but economists and people in both parties are saying that if you don't raise the debt limit, we could have a widespread economic catastrophe. let us look at what she is talking about. first of all, if you don't pay your bills, you're defaulting on debt. you don't make payments like social security and all kinds of things. that creates uncertainty in the world. she did say it could precipitate historic financial crises, spiking interest rates, falling stock prices, and economic recovery that turns into recession. none of that is good. the house is supposed to vote on raising it to $28 trillion. this is happening while there is a three point $5 trillion infrastructure package that president wants to p

back in the springtime, larry summer, the top economic advisor to both president clinton and president obama, warned at the time that runaway spending could, quote, set off inflationary pressures of a kind we have not seen in a generation. and of course that's exactly what's happened. just ask any working family in this country about their last trip to the gas station, the grocery store, or the car dealership. inflation has gotten so bad on democrats' watch that it has wiped out every ounce of the average american worker's pay growth during this economic recovery. and then some. annual real wage growth is negative, even though employers have been handing out raises because, mr. president -- because of inflation. remember at the start of the year working americans had an economy that was teed for a roaring economy. even "the washington post" cautioned the improving picture is raising questions about whether the stimulus bill is mismatched to the needs of the current moment. that was "the washington post" on the so-called rescue package that passed back in march. you might think the disa

stimulus, that was one of the reasons, according to economists right, left, and center, including larry summers, who is a democratic economist, those are inflation numbers, when you throw the money out there, it makes it more expensive to buy everything from gas to clothing to food, inflation is eating up the gains. so this is not what we want to do to for our economy. on the small business side, the vast majority of small businesses pay their taxes on their individual tax reform. so about 80% or 90% of the businesses in ohio or around the country don't pay their tax as corporations, they pay their taxes as individuals. so think about the small businesses in your community, they are probably partnerships or what's called subchapter s companies, pass-through companies of some kind, they might be sole proprietors, but their tax bill comes through on the individual tax form, unfortunately the democrats are increasing the taxes on those people too. a lot of those people will be lumped into the top bracket of income tax code and therefore they will pay 39.6% income tax plus and 8% surtax. that takes

and larry summers at the time who was a former secretary of the treasury and democratic administration and an economist on the other side of the aisle, he warned about it as did others. he said look, this is going to fuel inflation. and boy, has it. so, yes, people are getting some wage gains right now, higher pay. i like that a lot. i think it's great. before 2019, before covid hit, thanks to the tax reforms of 2017 primarily in my view, wages were going up. february of 2020 was the 19th straight month of wage gains of over 3% annually. my gosh, that was great. mostly lower and middle-income workers, by the way. some of that is happening now. guess what? it's all being eaten up. if you got a 5% pay grade -- pay wage raise this year, you probably got nothing because you're going to have about 5% inflation. so your dollar is not going as far. these are all issues that we have got to make sure the american people understand. in terms of the corporations and what the problem is there, remember before the tax reform in 2017, we had a lot of companies that were leaving our shores, literally

. >> but larry is right about claim at change. last summerxceptional draught. this summer, it's up to 88 percent. so it makes sense that desperate farmers are turning to larry berg. great wet hope reasons how does this work. >> once you are found water it has its own current, its own frequent see. >> some static electricity that is actually back firing and coming off that water. >> that rod over here tells me i'm over something, this one doesn't move, this one does, you can just tell where the rods open up. >> actually you feel energy flowing right through your body trk has a tingly situation. >> are you sure you don't just have to use the bathroom. >> no. >> did you go before we left. >> while larry took a tinkle i investigated further, ground water experts, i am not going to call anybody, are you saying it is not bullshit quns it has no skin tisk basis. >> they bring a lot of tools to the swaying like a proton magnetic resonance, when they put a electrical current into an aquifer and gage that current, reaction to the water molecules. >> th

larry nassar. and biles said what happened made this summer's olympics especially difficult for her. more than 150 women and girls have said the u.s.a. gymnastics and michigan state university doctor abused them over the past two decades. nassar is now serving a 40 to 174-year prison sentence. and the gymnasts were on capitol hill for hill for a senate judiciary hearing, following an inspector general's report on the f.b.i.'s mishandling of the nassar investigation. cbs' nikole killion leads us off tonight from capitol hill. good evening, nikole. >> reporter: good evening, norah. this hearing room was filled with emotion as each gymnast described their abuse and the toll it continues to take on them to this day. tonight, the world's most-elite gymnast appeared on a differente gymnast appeared on a different stage. >> being here today is taking everything i have. >> reporter: tearfully opening up on capitol hill about the abuse they faced by former team doctor larry nassar. >> to be clear, i blame larry c nassar. and i also blame... an entire system that enabled and perpetrated his ab

biles tells "new york magazine" she buckled under the stress of the summer games, including the trauma of having been abused by larryhe said she wasn't going to let him take something she worked for since she was six years old. all right, today in chicago, former president barack obama and wife michelle obama grabbed shovels to break ground for his presidential library. the 44th president also spoke about the immigration crisis,tii saying americans want to help others, but the idea that we can just have open borders is unsustainable. he said it's time congress got serious about dealing with the immigration problem. all right, beginning this friday, the post office is raising prices and slowing down some deliveries. about 30% of first-class mail and packages could take up to five days to arrive, instead of two or three days to arrive. and starting sunday through christmas, postage rates are going up by 25 cents to $5 per package. the changes are being made to cut the services' massive debt. looks like i'm delivering my packages in person. coming up next, a quarterback overcomes the toughest of odds to realize his foo

larry elder, thank you. more "hannity" after this. ♪ ♪ [relaxed summer themed music playing] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ summer is a stateith lincoln. >> sean: all right. unfortunately that's all the time we have left this evening. set your dvr so you don't miss an episode. it's day 18. americans hold hostage behind enemy lines. we're not going to stop until every american is safe and secure and home, back with our american family. until then, we will not give up. let not your hearts be troubled, laura ingraham. >> laura: good message. no american left behind. excellent message to end the program and start this one. i'm laura ingram. this is "the ingraham angle." the biden administration was forced to admit that not only were the vast majority of people flown out of afghanistan, not only the ones that didn't help us, many may not be afghans at all. this is unbelievable. ken cuccinelli says the man he fired for altering documents is

summer for joe biden. so this trouncing of larry elder and trumpism is something the white house can claim a victory for.nd her team are still very successful in california. but one of the things that kind of that age dynamic you talked about is so real in the democratic party. we had some very tense conversations about dianne feinstein and whether or not she should -- whether or not she should resign or how she should handle this because of the fact that people thought they were a heartbeat away from having larry elder choose the next democratic senator, so be it. so this is a real conversation that democrats are having and it is more of an age thing. >> i just want to get the ballots still coming in. there is a helicopter that just flew in to -- is it downing, california? these are all ballots coming from all over l.a. county. so those are the ballots coming in. >> i thought that was taken from the french laundry. >> that was a low blow. i hope you people at home did not hear that. i know it's late or early depending on where you are in the country. we will take a quick break. standby, everyone. standb

painting larry elder as a trump candidate to galvanize democrats to get out and vote because they were scared. >> and on that point as you note, the polls were narcotic ro -- narrower in the summeremocratic consultants said the best thing that happened to gavin newsom is larry elder shot up in the polls because that enabled him and instead you might remember a few months ago, he was criticizing president trump and criticizing the recall people and now all of a sudden, you and i heard joe biden say don't compare me to the all mighty, compare me to the alternative. >> at the end of the day, what elections are about and the fact that newsom had to do that because there was somebody threatening him enough in the early polling tells you there was a real risk. it also shows you a blueprint for both democrats and republicans in the midterm elections. larry elder is a conservative talk radio host well-known among the republican base in california. he has a long track record of staying really controversial things and so it was pretty easy for the new ssom campaign to sa hey, you should be scared of this guy. if you look at the swing districts, dana, you covered so many midterm elections

violent fifteens ended in the summer when my coach and i reported larry nasser's abuse. i went on to compete at the university of oklahoma, where i was named first-team oklahoman and was a national champion. i reported my abuse over six years ago and yelled, my family and i have received few answers and have even more questions about how this was allowed to occur opinion and sacrificing my childhood for the chance to compete, i am haunted by the fact that even after reporting my abuse, 70 women and girls had to suffer at the hands of larry nasser. usa gymnastics and the fbi have a trade me and those abused by larry nasser, after i reported. the cover of my abuse and the failure to interview me for over a year after my complaint are well documented in the oig report. usa -- my family and i were told by the former president to keep quiet and not say anything that would hurt the investigation. we now know that there was no real investigation occurring. while him -- larry nasser continued to abuse women and girls. the fbi issued no search warrant and made no arrests. i was t

my olympic dreams ended in the summer of 2015 when my coach and i reported larry nassar' abuse to usag leadership. i went on to compete at the university of oklahoma where i was named first team all american in the all-around in all four events and was an eight-time national champion. i reported my abuse to usa gymnastics over six years ago, and so my family and i received few answers and have even more questions about how this was allowed to occur and dozens of other little girls and women at michigan state had to be abused after i reported. in sacrificing my childhood for the chance to compete for the united states, i am haunted by the fact that even after i reported my abuse, so many women and girls had to suffer at the hands of larry nassar. usa gymnastics and the united states olympic and paralympic committee and the fbi have all detrade me and those who were abused by larry nassar after i reported. the coverup of my abuse and the fbi's fail your to interview me for more than a year after my complaint are well documented in the oig report. after i reported my abuse to usa gymnasti

in the summer of 2015, i was scheduled to speak to the fbi about my abuse with larry nassar over the sick to meet with anyone in person and talk about this abuse could give me ptsd for days. i chose to speak about it to try to make a difference and protect others. i remember sitting on my bedroom flr for three others about what happened to me. i had not told my mother about the facts. i thought as uncomfortable and hard and it was to tell my story, i was going to make a difference and hopefully protecting others from the same abuse. i answered all of their questions honestly and clearly and i disclosed all of my molestations i had endured by nassar in extreme detail. they told me to start from the beginning. i told them about the sport of gymnastics, how you make the national team and hold up i came to meet larry nassar when i was 13 at a texas camp. i told them that the first thing larry nassar ever said to me was to change into shorts with no underwear because that would make it easier for him to work on me and within minutes, he had his fingers in my vagina. fbi then immediately a