lew: i don't think so.t had much success in the courts so far, losing pretty much every case. i think all the major states will have certified by this week, and then next week is the date by which all the states will formally submit their slate of electors, to the electoral college. december 15 is when the electoral college meets. what will happen is on december 15, the electoral college will vote for joe biden, and any hope of a legal challenge or political way around the result will be over for a president trump at that point. francine: what does it mean for the gop? when it looks at the legality of what has been supported so far, does that slowly change? do you see a shift? inis he their only chance 2020 for? lew: i think they are sticking with him for now because they are focused on the two senate runoff elections in georgia on january 5. they have been able to thread this needle of saying the president has his rights to challenge the results legally and to go to court, but after the electoral college m

lew: i think so.heost states, one of request to recount is if the margin of victory is less than 1%. case, the trump administration or demand recounts. this will -- can drag on for weeks and weeks. i think the end result is somewhat inevitable, but i think the trump campaign would do all it can to drag this out and throw out legal blocks along the way. tom: what is so interesting, and i totally agree with the recount schedule into december and the right to have a recount, given very narrow victories, which it seems we are heading. what are our projections from december into january? how vulnerable are we right now lame-duckedness. lew: if now was the time to --se trouble, the longer this drags out, the worse it is for u.s. democracy. i was texting with a friend this morning. synagogue,ident of who lost the election, and had to stand aside for a challenger, if he had said some of the things that president trump said last night, we would have been condemning it in the strongest civil terms as americans

few minutes jeremy siegel will join us and later liz ann saunders plus former testry secretary jack lew will discuss president-elect biden pick of janet yellen to lead his treasury administration. let's get the latest from wall street mike santoli is tracking the action to led us to dow 30k. >> certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s&p 500. similar look in every respect in terms of getting back up pretty much to an all-time high here after some sideways action you have us here at 3632 it would be a closing high if we stayed here. we touched on that a couple of weeks ago on november 9th. it is difficult to fault this pattern that you see here, this two or three month sideways consolidation. if you brk out above that usually it is somewhat meaningful the issue i think i have is it is not exactly been resting in here because so much of the market has been using up energy in the rotational move the violent move from the large caps to the equal stocks. you see the violent vertical spike. basically the ave

and then i read the same time a book by called named lew paper called "in the cauldron" which is the american comic tale of the american ambassador in tokyo, i guy named joseph, for about ten years are bastion for ten years. i think from 1931-41. all of this ultimately fruitless efforts to head off or between the united states and japan. of course what was like being in japan during the grip of a fascist and military regime that was guiding that country really to ruin. doing a lot of that and i guess one last thing, one of my favorite political scientists of all time, i usually read historians, , but this guys a different kind of political scientist in my view, richard fenno or just died this year, but was very famous for writing histories on congress, our studies of congress, from the district level up rather than from the washington level. he would literally travel into the districts of various congressmen and senators, or the states that senators obviously. i have read a couple of his books but i just happen to read his obit. i have read enough of this, and to read a of his books,

yes, the northern ireland secretary brandon lewes made a statement to the house of commons a couple ofaid he wasn't ordering a public inquiry at this time. he said that there were other processes under way. there was a review coming up by the police service of northern ireland to our conducting ongoing reviews of the unsolved killings from the troubles, so that review will begin in the new year. also, there is an investigation by the police ombudsman for northern ireland, the policing watchdog care which has been going on since 2016. mr lewes's argument was that it was important to let those processes take their course and that nobody should prejudice the work of either the psi night or the police ombudsman, but he said he wasn't taking a public inquiry off the table at this stage. now, as you've heard they're from john finnigan, who was an mp himself or sinn fein, the finnigan family extremely disappointed by the government's decision. ever since this murder happened, public inquiry is the only way to get to the full truth, they said is the only way to establish the extent of state po

it's or -- elect it is absolutely an amazing journey from 1964 from fanny lew hammer to kamala harris>> yeah. i tell you quite a moment juan thank you for sharing that. >> that history is valley important. >> i was on the air with juan des moines, iowa night that barack obama finished first juan came on the air with eloquence he has to say wait a moment america this is history in the making. the parking lots were jammed with taillights as far as the eye could see, and juan made a moment. i would go back to mail-in voting one thing here, we've gone there and we're not going back do you think pennsylvania is going to go back to way they did it forget it it is full steam ahead on hail-in voting. >> i have one thing i'm a very unpopular opinion that i share with all of america. i think that mobile voting secure mobile voting is going to happen in our lifetime. you think what you do on your phone you do banking on your phone you do a lot of secure things on your phone i know people are concerned about hacking but we get better at it preventing those type of things you're worried about acce

eastern for a first on cnbc interview with the former treasury secretary, jack lew, who knows a bit about that big building there on 15th street the dow making it to 30,000 today for the first time it's not just stocks setting records, folks housing and bitcoin. what does that tell us they're soaring right now. that's coming up next on "power lunch. ♪ looks like we made it ♪ or i thought so till today at fidelity, you'll work with an advisor to help you build a flexible wealth plan. you'll have access to tax-smart investing strategies, and with brokerage accounts online trades are commission free. personalized advice. unmatched value. at fidelity, you can have both. lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. lease the 2021 rx 350 for $419 a month for 36 months and we'll make your first month's payment. experience amazing at your lexus dealer. >>> welcome back it's not just the stock market two other asset classes surging are housing and bitcoin. home prices spiking to their biggest price in six years let's start with diana

the jack lew came out of trenches of massachusetts politics for that congressional mandate. is there a theory of janet yellen? is she a kind of economist? michael: she is a labor market economist. she is definitely a keynesian. she leans towards the idea of doing as much as you can to bring down the unemployment rate is opposed to controlling inflation. not that she likes inflation, but she felt that something changed in the economy, and there is a famous line from her in 2012 where she argued for qe3 against those worried about additional bond buying leading to accelerating inflation or a market bubble. she says these concerns pale in comparison to the potential economic and human costs of failing to reduce the unemployment rate as aggressively as we can. she set the stage for what the fed has been doing. because of her, the unemployment rate got down to 4.1%, much iter than the fed thought -- continued under jay powell. she was the one who really pushed the policy of let the economy go and see how low we can get unemployment. thecine: michael, given secular stagnation envi

jack lew was seen as lacking any foreign policy experience, which is not a weakness of yellen's, havingchair of the fed. one must observation for her not being of washington, when she was on the bloomberg new economy she thought whether she would be a good treasury secretary, and instead of using the cliched washington line that she was happy in her job, she said she would let others decide . he said she would be a great treasury secretary on the panel. certainly not a typical pick. manus: thank you so much. michele jamrisko, our senior economy reporter. what will the guys of janet -- guise of janet yellen be? she is a labor economist and to that end, she will have that input into what comes after the cares act. activision goldman sachs chief economist tells us u.s. gdp will be back at p pandemic levels by the end of the third quarter in 2021. more right here on "bloomberg daybreak: europe." this is bloomberg. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you nee

lew: simon: president trump needs to concede fairly soon.er this goes on, the weaker and more pathetic he looks. to be honest. there is a struggle going on in the inner circle, trying to decide when is the best time and how do they convince him that it is over?- that it is that is really the stumbling block. manus: i think he's just rosen. we were just about to end the conversation. the question for the republican party is how do they navigate a president who is refusing to concede and how do they indicate that to him? breaking news coming through on the corporate side. this stock will move given the marching guidance on the tech side. no margin for them, first quarter, this is the gardens. first corner margins will come in at 16%. they penciled in 14.9 so you will see a fairly interesting opening for them, up 43% on the year. first quarter revenue, 2.4 to 2.7. guiding on the revenue bandwidth. all things, tech will be volatile. we will see how that plays out on the opening. let's get to laura wright. first word news in london. laura: the pa

jon ossoff's claim to fame as he worked as a house staffer for the late congressmaned john lew. he's also a documentary filmmaker. i also forgot, as a georgetown grad, he also took classes taught by madeleine albright. wow! but he apparently skipped her talk on diplomacy. this was his vowel in january >> we need to send a message that if you indulge this kind of politics, you aren't just going to get beaten, you are going to get beaten so bad you are never going to run or show your face again in public. because we have had enough. >> laura: comes off as a putative little punk, kind of that obamacare pajama boy combined with the ambition of other alexandria ocasio-cortez. but at least she's not stupid enough to take thousands of dollars from a chinese media company called pc cw, no big deal. partially owned by the communist party in china. this isn't even the first time that he has been caught being taking money from suspect forces. "the washington free beacon," they reported that he had been paid by the anti-american and pro-muslim brotherhood outlet al jazeera which is owned by

tom: we have gone from jacob lew, who i will call a grizzled onk out ofwal massachusetts, to mr.hin, who i will call a wall street hollywood type, and now we go to a hard-core academic. eeting the job str ? are we moving treasury away from wall street? frederic: i think that is true, but i think the real issue is getting someone who is competent. it is reasonable to have a wall street person in treasury. that is not always the case. one of the things that is key about janet, she is not just an academic. this is someone who has been involved in policy work for a long time. she was an academic for quite a while. i met janet when she was an assistant professor at harvard over 40 years ago. trenches been in the and almost all of the key policy jobs. she was governor of the federal reserve. the president to the federal reserve in san francisco which is when i interacted with her quite a bit because i was a governor at the time. at every fomc meeting we would have lunch or dinner together. she understands policy, she has been involved in that world at the top levels for 20 years. she k

reporter: lew, thank you very much. early voting in florida has been remarkable this time around.t was a very close race with hillary clinton in 2016 but we have had massive, massive early voting. in fact 9.07 million ballots have been cast. when you think back to 2016, there was 9.5 million ballots cast for the entire election. so plenty of interest. i'm in seminole county, lou, lake mary, north of orlando from the eastern side of the i-4 corridor all the way over to tampa, traditionally a republican strong hold but you could argue it has got a little purpose tint here in recent times. it would be very interesting to see how the early votes are tabulated and what they show. we expect those to be done very quickly because florida counts quickly. they already, they keep a tabulation of the early votes as they come in. so once the polls close in less than an hour now here in this part of florida, i think we'll get a sense, at least a sense of the trend which could set the stage for the rest of the country but let's not forget the florida panhandle, they're in central time. we have t

lew? lou: and the president and the gop are going to make certain every ballot is lawful. aishah hasnie. thanks as always. we appreciate your reporting from the epicenter it seems of the deeply disturbing contest in pennsylvania. >>> turning now to wall street, stocks todayow rallying finishig higher. the. dow jones industrials are p 36points.he s&p up 74. nasdaq gaining 430. volume on the big board, 4.8 billion shares. crude oil gaining 3 1/2% up to $39 a barrel. listen to my reports on the salem radio network weekdays. >>> up next, house republicans make a number of gains, blunting the so-called national left-wing media's blue wave prediction. what will a more balanced house mean? we'll be talking about that with minority leader kevin mccarthy. and again, thanks for making my book, "the trump century," a national best-seller, available now at loudobbsshop.com. stay with us. we're coming right back. ♪ lou dobbs: we have a lineup of guest for you this evening to think of the presidents five to ensure a fair election and preserve the integrity of our election . jointed toni

and chrisl lew and congressman from florida and msnbc politis on a saturday. chris, start with you first. the white house meeting talking about with michigan lawmakers comes as trump's lawyer call for state legislatures to name trump electors in states won by president-elect biden. these lawmakers said afterwards they were not made aware of any information that would change the outcome of the election. so big picture. what is your reaction to this spectacle of this all? >> well, it's a spectacle. let's look at some of the facts here. joe biden's margin now in michigan is 14 times bigger than what donald trump's was in 2016. donald trump is trying to challenge votes in detroit. he actually received more votes in detroit this year than he did in 2016. joe biden received fewer votes than hillary clinton did. this isn't about trying to ferret out voter fraud. the disenfranchising black voters in the same way it's happened in this country 150 years and you see it happening all around the country. in wisconsin, trump campaign asking for recount in the two counties w

i think people need to get onond -- sydney apollo went lew dobbs last night and people should look it up, the media, twitter, facebook, they are removing the truth. they don't want the american people to see the truth. host: i'm going to get in some more voices. first let me show you the former first lady and democratic candidate for president hillary clinton tweeting this. "the voters have spoken and they have chosen joe biden and kamala harris to be our next president and vice president. it is a history making ticket and a new page for america. thank you to everyone who helped make this happen. onward together." brendetta, you are next. caller: i voted for joe biden and i will never stand behind .rump he has downgraded our race from the get-go. he is very racist. he says it. he lost this election. he helped us win and we thank him for that. he showed how he really felt about us. kkk, he haso privilege with them. he called people a slavery name. he has done nothing for us. people need to stop saying he has because he has not. he has made it very hard for us. host: when you say us? ca

correspondent kristen welker, also the executive director of the 2008 obama presidential transition, chris lew, and the man who ran the affordable care act from 2016 to 2018, andy slavitt. thank you for being here. kristen, i want to start with you. joe biden is going to roll out his plan to preserve the affordable care act. do we know if it's going to include ways to shore it up with the individual mandate now being all but eliminated by making it a zero dollar tax? does he have a plan to help ensure all of the people that are on the health care coverage can maintain lower rates, lower premiums as they continue to get coverage from the government? >> i think you ask the key question, katy. this is an important part of president-elect joe biden's plan to build on obamacare. remember, he said he does not think it's perfect. he thinks there's room for improvement. he wants to have lower premiums. i think you're going to hear him lay out two things. one, why it is essential that obamacare not be overturned from his perspective. and, two, he's going to argue, look, i won the election. now we need

joining us now to discuss, chris lew.n president obama's transition team in 2008 and michael beschloss, nbc news presidential historian. chris, you have run a transition team before. is the relationship, the working with one administration and the next, is it pomp and circumstance and photos or is there actual real work to be done? >> steph, there's actual real work to be done. you know, the 2008 obama transition is considered the most successful in modern history. and the reason why is because the cooperation that we receive from the outgoing bush team. president bush in 2007, a year before he was going to leave office, sent a message out to his senior staff and to the agencies that they were going to fully cooperate. and subsequently, president obama was very publicly effusive of the cooperation he received. in part it's not just about the success of the new administration. we know that during transition periods it's a tenuous time for national security. homeland security and in 2008 was the first post-9/11 transition.

still celebrating lewes hamilton's victor yesterday. 0nto sport now. good evening.prised that two us film stars are taking over at a british club. the fans of national league club wrexham have approved the bid, andd can now expect a lot of attention. craig templeton reports. 0 nto 0nto sport now. another bizarre twist in the strangest of years as it was confirmed hollywood is coming to wrexham. yes, actors ryan reynolds bid to take over the national league club has been accepted national league club has been a cce pted by national league club has been accepted by nearly 99% of the wrexham's supporters trust. they made the announcement in typical comedic fashion, whilst advertising wrexham's sponsor. why are we pitching a trailer manufacturer in wales? well, because we just became owners of wrexham association football, and they are our team sponsor. you may have never heard of wrexham, but you will. so to the wrexham supporters trust, thank you for your faith and trust, thank you for your faith and trust in us. we are humbled and we are already getting to work. this

president christopher lew a senior white house official under president barack obama thank you thankyou. and let's just take you again to washington d.c. that black lives matter plaza of course the scene of protests for months but now as you can see filled with hundreds and hundreds of people celebrating the fact that joe biden is now the president elect. hello i'm barbara sarah you're watching a live from london it's 22 g.m.t. and there really is only one major story right now joe biden has been declared president elect of the united states this follows more than 4 days of painstaking ballot counting in a handful of swing states as counting continued biden over took donald trump in pay .

criticism around hank paulson for being too cozy given his time at goldman sachs with the under thed jack lewation was seen as lacking foreign-policy experience. that is not a weakness of janet yellen haven't been -- having been at the fed. anna: what will the priorities be in the administration? a lot has been made about comments about fiscal stimulus. michelle: of course, and that is the interesting part. she's been joining a course of central bankers across the world saying we've done all the heavy lifting and fiscal policy has not done enough to carry the load in this economic recovery. we hear that on the u.s. side, so the president-elect biden is handing janet yellen the power to make her mark on that issue, to be involved perhaps in negotiations on the hill over further stimulus on the u.s. side, and another thing we've she's likely to get her hands dirty on some of these inequality issues. she talked when she was the head of the fed about lamenting that central bankers don't have the power to get at parts of the economy that are most vulnerable,, that is a fiscal policy thing and now

tomorrow don't miss our interview with former treasury secretary jockack lew. >>> the ongoing covid surges forcing l.a. county to close outdoor dining a look at the damage that could have on california's economy and the restaurant industry later on "closing bell. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like... like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most plus $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. don't get mad. get e*trade it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. g

potentially here of janet yell nl as treasury secretary later today former treasury secretary jack lewnterview, the right person to talk to about news like this "squawk on the street" will be right back we're on dow 30,000 watch, about 29,970 at the moment looking at intraday record highs. we'll be right back. tax-smart investing strategies, and with brokerage accounts online trades are commission free. personalized advice. unmatched value. at fidelity, you can have both. >>> on tradingnation.cnbc.com, we look at the weaker dollar and what it means for emerging markets in 2021. quk t seenle. "sawonhetrt" will be right back >>> welcome back to "squawk on the street." i am and dominic chu stocks are extending yelled's gains with the dow at a record high and s&p 500 at session highs right now. the technology sector is lagging a bit but every sector is in green, positive territory and energy you can see here by far the best performing sector again today. now up more than 10% in just the last two days on track for its best month ever. now the move higher comes as crude prices reach highest

you see she's got about 60% toi jason lews' 43%. so that is a hold for the democrats.uchk to tout. where are you even going to begin. >> we're going toÑi stay right where you left us in the senate, we will talk a little por about the balance of power that is at stakthere. we say republicans have had the majority suns 2014. they are fighting to keep t how are they doing? >> very critical to so many parts of our government, here is where we are right now, 45 democratic seats, 46 republicans. look at those seats in thle mistill to be determined. we have nine outstanding still. so let's go through, let me talk about where we are right now, already republicans have one,a two they wanted to hold on campus, so democrats are looking at north carolina. they really could use this seate if they ar going to take over the senate right now,m tillist ahead by two points but we d't have all the vote, s will be a close one, let's look at georgia, something the biden mpaign says they think they still have a chance, the senate race, this is the incumbent senator one of twraces in georgia

. >> secretary lew, let's talk about the position you held in the administration secretary of the treasuryn is going to be as you come into some potentially pretty uncertain times for the economy, for the markets. what does the treasury secretary in this new administration, what trai traits does the secretary need to have? there has been a reporting out there that suggests they don't want anyone with wall street experience and that seems crazy to me if you could have the markets go haywire again what do you think are the most important traits >> there are a lot of things the secretary of treasury needs to do i'm not sure everyone has come in with absolutely every element on the day they enter the office i think there's a lot of candidates that have the packet of skills to deal with financial institutional threats, to deal with fiscal policy, international economic policy. to deal with some of the issues that while they're not as immediate as people getting sick and dying are just the core of our national challenges and i spent a lot of time on this, financial inclusion for people who have

at harvey's brewery in lewes, they fear that bn might once again be used to animal feed.after the initial lockdown period that we had come through and, yes, we would have to make adjustments and yes it would bea to make adjustments and yes it would be a very long time, but i think we we re be a very long time, but i think we were looking to try and contain it as much as we could. i think, as this was breaking, we all... it wasn't even a sense of deja vu, we had been there before, but it seemed so had been there before, but it seemed so much more insurmountable. busy periods cut short. hairdressers now shut. in the last few days, they we re shut. in the last few days, they were overrun. shut. in the last few days, they were overrun . business shut. in the last few days, they were overrun. business wire is not good, obviously clients are not good. we are hoping it will be a month but to be honest i don't know ifi month but to be honest i don't know if i believe it willjust be a month, hence why this time we're trying to preplan. but it is the cancelled celebrations, the mem