leigh ann: right. switching gears just a little bit, primary elections this week, drew national attention and held vast implications for november. voters in kansas, a conservative state, overwhelmingly rejected a ballot initiative that would have stripped the right to an abortion from the state's constitution. and in the battleground states of michigan and arizona, multiple republican primary winners have amplified former president trump's false claims that the 2020 presidential election was illegitimate. and so i want to turn to that kansas vote. 59% of voters in kansas like we said a conservative state voted to defeat this referendum. that mirrors public polling where 60% of polls show that americans want some sort of access to abortion. so asma, you know, what does this mean for abortion heading into the midterms and also what does it mean for democrats heading into the midterms? asma: well, talking to a couple of democratic analysts this week, and they are extremely optimistic looking at what happe

leigh ann: republicans on the defense.democrats appearing to secure the needed votes. >> i believe we will have 50 votes to pass this legislation at the end of the day. leigh ann: the last democratic ends her holdout. >> i won't say how i voted. but i do not want any more rights taken away from anybody. >> we are going to restore

i am leigh-ann gerrans. this is bloomberg. ♪ >> the fed funds rate should be going well above 4%, 4.5% to 5%. if that does not happen, inflation expectations -- if that happens we will have a hard landing. jonathan: runaway inflation or a hard landing. that is the view from nouriel roubini. futures down .2% on the s&p. on the nasdaq down .25%. home depot a little bit softer in the premarket, the numbers seem to be ok. lisa: they look fine, totally decent especially with the affirmation of the full year outlook and they beat expectations on earnings-per-share and total revenues. there is still a decline in comparable unit sales and this is what i am watching. there are lots of other aspects of this but how much are the prices going up and people still managing to pay. jonathan: we get walmart later, 7:00 eastern time, about 40 minutes from now, then onto retail sales data tomorrow. tom: in the last decade home depot has been apple without the sex appeal, they are up 29% after the pullback we have seen in the

standing by with that is leigh-ann gerrans. leigh-ann: the u.s.ate has passed a landmark health care, tax, and energy bill. the bill was passed after a year of democratic infighting. 51 democrats voted in favor versus 50 republicans against, with the bill now heading to the house. the democratic majority is expected to pass that on friday. hong kong is reducing quarantine for inbound travelers starting on friday. arrivals will spend three days at hotels to quarantine. that is down from seven days. after that, they will be suspected -- subjected to four days of monitoring at home. they have 4000 covid cases a day since july. china trade numbers hit a record in july, beating estimates. it's a numbers climbed to 100 alien dollars, peaking past the record set in june -- $100 billion, peeking past the record set in june. ukrainian officials say russian forces -- largest nuclear plant for a second day. that attack happened hours after the head of the u.s. atomic safety energy -- consequences. oscar has denied -- in the u.k., the economy shrunk for the f

i'm leigh-ann gerrans. this is bloomberg. >> i have said since january that i will do whatever it takes to ensure donald trump is never again anywhere near the oval office. i mean it. jonathan: liz cheney there from wyoming. after losing her primary. we will talk about that just a moment. from new york city, good morning. futures are down 9/10 on the s&p. on the nasdaq down about 4%. we are rolling over to higher yields with seven basis points. a 10 year. and a bit of news. speaking of the today show, we are thinking about having liz cheney running for president. she will make a decision in the coming months. tom: elon musk is as well. anne-marie can pause, and we can consider the view in washington. it is 811 days from the 2024 election. can we state that the british do this better? jonathan: you like saying that. 811 days. >> is the primaries. you take so long to select a candidate. tom: that is good place to start. we will enjoy 2020 2, 23, most of 2024. it's all about the primaries. does the cheney part

and i'm leigh ann.york city, and we're seeking $150,000 for 10% of our company, loliware. loliware is a new category of sustainable materials that you can eat. that's right -- i just ate my cup. that's funny. we call this new category biodegredible. it's both biodegradable and edible. it's a new and exciting eating and drinking experience that offers fun flavor combinations for both beverages and desserts. imagine drinking your cold-brew coffee in our madagascar vanilla cup or even a margarita in a citrus cup. loliware is a delicious alternative to disposable cups destined for the landfill. our cups go from cup to soil in 60 days. they're 100% vegan, gluten-free, and made with organic ingredients. but the cup is just the beginning. with loliware, we're creating a plastic-free revolution and giving people a reason to get excited about sustainability. sharks, we invite you to eat your cup and to create a biodegredible world with loliware. now, who's ready to try the cup of the future? herjavec: got to try

i'm leigh-ann gerrans.loomberg. ♪ at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. >> merrick garland would not be the president's lawyer, the vice president's lawyer. this is about the american people and doing what is right for the american people. the department of justice when it comes to law enforcement is independent. jonathan: that was the white house press secretary on abc over the weekend. good morning, alongside tom keene and lisa abramowicz, i'm jonathan ferro. off of the back of four weeks of gains, we have taken out 50% of the drawdown with 17% on the lows. it has been quite the run over the last month or so. yields are unchanged this morning and i will coming back to the commodities market this morning. it's pretty brutal. out of china, brent is down about 5%. wti crude is down. copper down by 2.5%. tom

tonight leigh ann, let's put carried interest over to the side for a moment. this is a big, big win for democrats, isn't it? it >> absolutely is. this is something that, after it fell apart months and months ago, that no one thought it was coming back. there was some talk that perhaps they would get something. and then a deal last week with senator manchin and senator schumer shocked the political world, especially everyone on capitol hill. and senator sinema was the last outstanding issue. they have been working furiously to get her on the board for the past week, because she was not involved in those previous negotiations. and now that she is on board, this really looks like it is going to pass. and this is going to be the most expensive, the biggest investment and climate change proposal this country has ever seen. they have a lot of health care priorities that are in this, that are going to help seniors, especially. but there is still some obstacles here. so, you can't [inaudible] yet. if democrats get this done, this is huge for the midterms elections and

it is an institution, let's get to leigh-ann gerrans. lots of speculation out there.funny feeling it could be somebody from abu dhabi. what do you reckon? >> i don't know what i reckon, but speculation is right. this is since the glazer family came out and said they are currently holding preliminary talks to find someone as they want to sell possibly a minority stake in the foot all club, but we have to wait what really happens. but they might not be ready to cede control, so we really have to think now, where does this all go from here? some newspapers are touting jim radcliffe, who is a british billionaire, who lost out on a bid to buy chelsea. could he be in the running? dani: the fans certainly don't want the glazer's. elon musk tweeted about it and then took it back, did that add fuel to regulation higher? >> definitely rose the share price pretty high and it was quite amazing, the global reach. elon musk is not going to buy it, but he said he is a lifelong fan. they are such a global brand that so many people would want to invest in them if this does happen. the

leigh ann caldwell, i'm sure you'll get a chance to ask that. vaughn hillyard, thank you very much. >>> wall street is celebrating the new inflation report. what about main street? >>> plus, assassination plot, what the current national security adviser is saying about iran's plan to kill his predecessor, john bolton. you see him there. why a call to one member of congress today is going straight to voice mail. don't. they only cover select cities with 5g. so, for me and the hundreds of drivers in my fleet, staying connected, cutting downtime, and delivering on time depends on t-mobile 5g. and with coverage of over 96% of interstate highway miles, they've got us covered. (vo) unconventional thinking delivers four times the 5g coverage of verizon. and it's ready right now. t-mobile for business. at xfinity, we're constantly innovating. and we're working 24/7 to connect you to more of what you love. we're bringing you the nation's largest gig speed network. available to more homes than anyone else. and with xfi complete, get 10x faster upload spee

justine greening, and the long—time capitol hill correspondent and now washington post live anchor, leigh annl. stagflation has been... after announcing the single biggest great ride since 1995, interest rates now at 1.75%, the governor told us the recession later this year will be long, and as long as the one we endured through the financial crisis, as deep as that in the 19905. crisis, as deep as that in the 1990s. on top of that, they forecast the average household energy bill will be three times what it was a year ago, will be three times what it was a yearago, by will be three times what it was a year ago, by october, atjust under £300 a month. here's the governor of the bank of england, andrew bailey. through energy prices. we've got to be blunt about this, it's coming from the actions of russia. gas prices since may is a big impact, _ gas prices since may is a big impact, as_ gas prices since may is a big impact, as what off gem announced this morning. i'm afraid it's passing _ this morning. i'm afraid it's passing directly into inflation and it will_ passing directly into inflation an

joining us now is leigh ann caldwell and ryan lizza, as well as chief washington correspondent for "politico," he is also a co-author of the "politico" playbook. ryan, put this into context for us, what this means, how big this is. >> well, for history i think it's a pretty big deal. you know, if you add up those seven pieces of legislation, it's a $3.5 trillion agenda that biden and the democrats have passed since early last year. there's really nothing like that in terms of that scale. you have to go back to -- depending on how you define these things -- to lbj. so i think for history biden -- i don't think there's much debate anymore, he is an enormously consequential president and just judging him by his legislative agenda, you know, he's sort of in that modern pantheon now. the short term is a different question. you know, will this translate into an improved political environment for democrats? i interviewed the president's campaign pollster yesterday and in april he was saying that this was the worst political environment for democrats that he had seen in 30 years in the business. he'

share the reporting and their insights, kaitlan collins is still with us along with ayesha rascoe, leigh annashington post. it's clear to me, tell me if i'm wrong to connect these dots. number one, this is unprecedented. number two, the right has long had grievances about the deep state, the fbi, et cetera. we also had a couple weeks where the political consag has been, hmm, things are getting better for the democrats. they just see the opportunity here to light it up. >> yeah, i mean, i think that, i don't know if we can connect those two things. like, what the department of justice is doing is completely separate from the political realm of democrats, but this does step on democrats' victory lap a little bit of they have had a really good last several weeks heading into the midterm elections to be able to celebrate those accomplishments so it just crowds it out a little bit, but they still have that. as far as what republicans are saying, they think this is going to be very good for republicans and for the former president should he decide to run. we'll see if that bears truth. but you kno

there's a lot of history going on, but mostly by the end of the marathon, leigh ann and i were thinkingabout finishing. this was our first run, it was a hot day, we are drinking wine, we are in costume. so we were hoping to survive. by now, the small steps of bordeaux no longer dulled the throbbing in our knees with a blistering on our feet. even the mild wind buzz had disappeared. at lately, anna. yelled the spectator. her name was on her running babe, but i wondered why she was garnering such attention. then i see that she is as bright red is a nice cabernet sauvignon. despite the pageantry and wine, it's still a marathon. our first. doubts about his whole expedition creep in. how would we be able to give any hints to americans if we fail on his inaugural leg? i know we are less than six hours from the race. a tent with the flag proclaiming-kilometer 38 is a welcome sight. while on the home stretch, and it's time for the most famous top on the journey. a table piled high with heaps of modeled oysters. there were stops along the way, where you get a gourmet food along with this wonderf

the longtime capitol hill correspondent, and now washington post live anchor, leigh ann caldwell, andtopher steele, formerly head of the russia desk at mi6. hello, welcome to the progamme. the photographs speak for themselves. red tabs, yellow tabs, top—secret documents, some of them marked hcs — human confidential sources — which the us government believe the former president donald trump was attempting to conceal. the fbi seized 33 boxes from mar—a—lago earlier this month, more than 100 classified documents, three of which were found mixed with other papers in his desk and not in locked storage as where they were supposed to be. in a 36 page filing to a federal judge, prosecutors said that at a june meeting the trump team had certified in writing that all remaining documents were contained in a single sealed envelope that was handed over. but in august and in a matter of hours the fbi "had recovered twice as many documents with classification markings, the evidence filed last night is in response to trump's attempts to get a us districtjudge aileen cannon to appoint a "special maste

justine greening, and the long—time capitol hill correspondent and now washington post live anchor, leigh ann