maccarthy should be very concerned. >> fox news reported that maccarthy and donald trump were in close contact while this was going on. do you think the former president will try to insert himself in this and do what he can to force this deal through a renegotiation again? >> i only see trump inserting himself to criticize, to say this is not going well and it is a disaster for biden. he will use the opportunity to undermine whatever biden tries to do at this moment. i do not see him being able to articulate the debt ceiling clearly, he will just criticize his opponents. >> it has been a interesting weekend, thank you so much. >>> a stunning development in texas politics, the republican dominated house of representatives has overwhelmingly voted to impeach the attorney general. >> 2 present nonvoting, the resolution is adopted. >> by a vote of 121-23, lawmakers voted to remove him from office. they accuse him of 20 impeachable offenses, including disregard of public duty, bribery, obstruction and conspiracy. one lawmaker implored his colleagues to demand his outing. >> we have a decisi

yvonne: more on that tentative deal between biden and maccarthy.lly helping markets this morning. this is bloomberg. ♪ >> the agreement prevents the worst possible crisis, a default for the first time in our nation's history, economic recession, retirement accounts devastated and millions of jobs lost. i strongly urge both chambers to pass that agreement. let's keep moving forward on meeting our obligations and building the strongest economy in the history of the world. i am exploring the idea that we would at a later date a year or two from now decide whether the 14th amendment, how that would impact whether you need to do the debt limit every year, but that is another day. rishaad: president joe biden on the u.s. debt limit deal, or should we say "tentative" deal with president biden and house speaker mccarthy. yvonne: we spoke to republican congressman chuck fleischmann who thinks it will have enough votes to clear the hurdle. >> i want to commend speaker maccarthy and his team for a job very well don. understanding the dynamics of this. the rep

president biden and speaker maccarthy agree on a package and express confidence that congress will backin time to avert a devastating u.s. default. >> the agreement prevents the worst possible crisis, a default for the first time in our nations history. an economic recession with retirement accounts devastated. manus: you did market optimism. u.s. equity and treasury futures along with asia markets make modest gains. a cautious welcome to the unfinished -- unfinished business in washington. president erdogan extends his 20 year rule ceiling a victory that was doubtful weeks ago. president biden and speaker mccarthy believe congress will have enough time to pass the debt ceiling for the u.s. defaults. a tentative agreement which was struck over the weekend will suspend the debt ceiling until january the first, 2025 which likely puts off another fight until the federal borrowing authority through to the next election. >> the agreement prevents the worst possible crisis, he default for the first time in our nations history. an economic recession, retirement accounts devastated and millions

the sticking points, letting the public know what the republicans are refusing to dos where kevin maccarthyn holding a news conference each time he's had a meeting with president biden? >> that's been one of the major differences between the two parties throughout these negotiations. what i've been told is the white house wants to try and not initiate a huge amount of pressure and panic throughout these negotiations. meanwhile mccarthy wants to show that he's serious and there's no bluffing involved as he negotiates here. it's not an ideal situation for the party. i think both the white house and mccarthy and his team rather there be very little updates with the outside world or a lot all the time. >>> let's pivot to the republican race to 2024 and the humiliating rollout launching his bid of ron desantis there. obviously it was botched with all of those glitches on twitter. what do you think? how does this play out with ron desantis aligning himself with elon musk, using twitter, not traditional media for this, and, of course, not taking the opportunity to call out trump directly? >> i mea

when the president gets back on air force one and gets on the phone with house speaker kevin maccarthyeak the logjam. you've heard house speaker kevin mccarthy say he doesn't think any progress can be made until president biden re-engages in talks. you heard president biden talk about it yesterday. he was a little more sanguine. he said he expected the posturing, the blundering. he said an agreement could be reached. you know, it's interesting. it's a topic that's come up at the g7 meetings between president biden and his counterparts, between president biden's aides and their counterparts. the president's national security adviser jake sullivan described it as a point of interest. he said there wasn't vibration in the room on this issue. but i do think it's hard to escape the fact that this would pose a real significant challenge to the global economy. for all of the talk of china and russia at the summit, there's no greater threat to global stability than the potential of an american default. it would send the entire global economy into tail spin, and so these leaders, i think, were

inside of biden maccarthy debt deal . as the bill heads to a vot the support more victories for veterans. >> go to david pogue. and tonight, according to some l celebrities,, they a white people, they're to blame for just about everything. now,fo for example, here's whate tane fonda had to say about white man and climate change.ke >> take a look. there would be no climate if the if there was no racism, there would be no climate crisis if there was no patriarchy. o . it's a mindset that sees things in a higher practical way.n areh you know, white men areally m the things that really matteatt and then everything else with nature at the bottom, sacrifice zones. right. it is a tragedy that we have we to absolutely stop. >> we have to arrest and jail those men . they're all men running the oil companies and the gas companies thisthe plastic refineries. >> we have to make them stop.s >> s is really serious. we have to address than jailse i all those whittee men and they're all men , all of white women are not being spared eithe

futures, given that we had the maccarthy press conference concluding and signs of progress in the debtotiations in the u.s.. we were in a wait mode ahead of that, reflected in thinner trading volumes, well-off the 20 day averages. after the discussions we have seen a lift coming through into futures, watching what's happening in the nasdaq, given it has been advancing. we saw it leaning the gains in the session. people are gravitating toward this sector given that there has been a focus on improving the company fundamentals of big cap names rather. let's change on because it is setting us up for positive optimism across the trading day. the key market in asia continues to be japan. even though we have seen it advancing for the past eight sessions, nikkei futures online in singapore. gains of 7/10 of a percent on the open. this chat indicating what an outperformance we've seen from the nikkei. that compares to the advance of 15% versus what we've seen for the asia-pacific index and you can see that looking to losses across this year. plenty more to come on daybreak asia. this is bloombe

speaker maccarthy is joining in with president biden as well as house minority leader and leaders in the senate. john in california, republican line. you are next up. caller: good morning. i hope everybody is enjoying the inflation we are enjoying from the government spending and affecting poor people especially. bidens plan will add a huge amount of deficit and the republicans want to cut that in half. they both have deficits, they will both cause inflation. republicans will cause less inflation. whatever we do, everyone is complaining about trump. trump had 1% inflation, we've got 10% inflation. when you raise that on 1%, it is not that big of a deal. 10% is a big deal. host: are you comfortable with the idea of cuts being tied to a debt ceiling raise? caller: i want them to cut more. i want them to balance the budget, i want to get out of this inflationary spiral. start the cuts big-time. host: with no worries about the fall over the debt ceiling over this? caller: they should take the republican plan, it is a baby step but it cuts. just because it is going to reduce inflation, bi

he said there is no love lost between him and kevin maccarthy. >> everybody in this meeting reiterated the staff should get back to the i together. we have two weeks to go. >> right now there's not support in the senate to get behind the spending bill the house gop passed two weeks ago or support for the clean debt limit raise that schumer has proposed. president biden and senate minority leader mitch mcconnell yesterday both committed the u.s. would not default on its debt under any scenario. there's still a big open question that can ensure that outcome. joe and becky? >> what are the alternatives is it the president sits down and actually negotiates something? is it that schumer gets together with mcconnell and they come up with a plan that could be passed by the senate? >> senator mcconnell has stood firmly behind speaker of the house kevin mccarthy and said it's up to him to reach a deal and senate republicans would fall in line to support that president biden suggested some areas where there could be fertile ground for agreement he suggested they would be open for potentially red

speaker maccarthy is joining in with president biden as well as house minority leader and leaders inhe senate. john in california, republican line. you are next up. caller: good morning. i hope everybody is enjoying the inflation we are enjoying from the government spending and affecting poor people especially. bidens plan will add a huge amount of deficit and the republicans want to cut that in half. they both have deficits, they will both cause inflation. republicans will cause less inflation. whatever we do, everyone is complaining about trump. trump had 1% inflation, we've got 10% inflation. when you raise that on 1%, it is not that big of a deal. 10% is a big deal. host: are you comfortable with the idea of cuts being tied to a debt ceiling raise? caller: i want them to cut more. i want them to balance the budget, i want to get out of this inflationary spiral. start the cuts big-time. host: with no worries about the fall over the debt ceiling over this? caller: they should take the republican plan, it is a baby step but it cuts. just because it is going to reduce inflation, bide