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maria: up next, national economic council direct or larry kudlow is here on a spike of economic growthhe third quarter. why he says it's game over for why he says it's game over for yeah, that's half the fun of a new house. seeing what people left behind in the attic. well, saving on homeowners insurance with geico's help was pretty fun too. ahhhh, it's a tiny dancer. they left a ton of stuff up here. welp, enjoy your house. nope. no thank you. geico could help you save on homeowners and renters insurance. geico could help you save noand if you're troubledan a liby falls and bleeds,ners. worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time, minimally invasive procedure that reduces stroke risk-- and bleeding worry--for life. watchman. it's one time. for a lifetime. i've been involved in. communications in the media for 45 years. i've been taking prevagen on a regular basis for at least eight years. for me, the greatest benefit over the years has been that prevagen seems to help me recall things and also think more clearly. and

national economic council, council of economic advisers as well. caroline: thank you.esco head of u.s. government affairs, helping drive us forward. romaine: just a reminder to all of our viewers, you can subscribe to our weekly podcast, all the wonderful people we've interviewed in this fancy little audio package. a lot of great ceo's. a lot of great people. definitely check out that podcast. yesterday, you said you took sleep in 45 minute increments. i wonder if you are going to get anything longer. joe: i raided my medicine cabinet and found everything i needed to knock myself out last night and i did not do that. i'm looking forward to one day when i'm certain this will all be over and we can just talk markets and economics for the rest of our lives. no more politics. caroline: that is all from "what'd you miss?" joe: bloomberg technology is next. romaine: have a wonderful weekend, everyone. this is bloomberg. ♪ ♪ ♪ ok there longer anything one way right off the pot for you there all together by my friend . joe biden is credited that your best chanceiden is credite

formerabout it all with national economic council director and advisor to president trump, gary cohn.ere is a sneak peek. look in not going to the future like it looks today. this back world will define itself, redefine itself. product is here to stay as a mechanism. with: more of my interview gary cohn coming up later in the show and in a longer edition of "studio 1.0" to come. sparse crowds on black friday this year is just the beginning of an unprecedented holiday. we speak with harley finkelstein, who saw a record sales on his platform over the weekend. this is bloomberg. ♪ shoppers inat-home the united states have driven a record $12.8 in online revenue on friday according to salesforce. data shows that in-store traffic dropped by half compared to last year. is the shift for online shopping here to stay? , harley finkelstein. the sales are still happening. it is cyber monday. what kind of activity are you seeing now? about a million dollars every minute. orders every single minute across the platform as well. usually when i come on your show, we talk about the merchant perspectiv

ferguson source suggest these names are in the mix for many different economic jobs including national economic councilr should jay powell step down those names are in the mix for one of many different jobs under the biden administration it is expected the economic policy internationally will also be originating from the state department and the national security council some of the more traditional channels. that's why the foreign policy picks today are each more important. tony blinken the former number two at state is now going to be picked to lead the agency. it is a long-time aid to both vice president and candidate biden. blinken as well as former state secretary john kerry who are going to be named climate envoy are expected to rejoin multilateral alliances that president trump withdrew from extremely quickly. jake sullivan, he helped author the built back better economic plan he has been named national security adviser we are expecting these picks to appear alongside the president-elect sometime soon. >> i think i read last week that roger ferguson who was one of the three you mentioned for pos

outfront now the former director of the national economic council under president trump.be clear here you were very quick to congratulate joe biden, recognize that he is the president-elect. what kind of damage do you think this delayed transition and just the nastiness, the fighting, the defying of facts that's happening right now is having on our country? >> well, erin, i think it's forcing us to not concentrate on what we really should be talking about day in and day out right now. we've got a massive spike in the coronavirus. and the damaging effect that's having on human life on our health system and our economy is not being talked about right now. that is such a major we're not dealing with the fact that we have a lame duck session of congress, but i'm not sure they're meeting and dealing with the issue. they're not dealing with the issue we've got unemployment benefits ending in december. they're not dealing with the fact that small businesses are vulg struggling and are going to struggle more and more. >> the governor of michigan, right, record surges in hospitali

for example, the national economic council, who are huge boosters of the fossil fuel industry. so we have to keep an eye on all of the candidates for biden's cabinet, for biden's ministration. he says it's going to look like america when he's asked, well, what about wall street? what about the fossil fuel industry? then we hear transition. officials say, well, is that part of america too? so the question is, how far will it look like? the old america, of multinational corporations fossil fuel interests and how many, how much would it look like the progressive voices who say that it's time american foreign policy and action on climate change needs to develop cheaper times. and thank you very much. a white house correspondent can be halkett. ted joins us live now. so kimberly, even though the transition has been allowed to start officially still is reluctant as ever to admit defeat. yeah, there's no question that his reluctance ever to admit defeat when you heard a couple of swipes is joe biden was speaking against donald trump and his ongoing efforts to really reverse the result

brian deese, a current executive at the investment giant, will be biden's pick for the national economic council. and wally adeyemo, senior international economic adviser under obama, will act as janet yellen's top deputy at the treasury department. climate activists have condemned the picks due to blackrock's funding of fossil fuel companies, among other issues. joe biden is currently recovering from fracturing his foot while playing with his dog. president trump's efforts to overturn the election results appear to be exhausted as he faced a string of defeats over the weekend. lawsuits in pennsylvania were rejected, both by the state's supreme court and a federal appeals court. and a recount in two liberal wisconsin counties, ordered by the trump campaign, cemented biden's victory there. trump said for the first time he'll leave office if the electoral college votes for joe biden, even as trump refuses to concede the election, which biden won in both the electoral college and popular votes by wide margins. trump was questioned by reporters thursday over his refusal to concede, including by reut

it would be submitted and then i wrote will submitted to national economic council.in the advisors and department of labor and department of commerce. in the policy counsel. multiple other agencies which would make comments on the rule. and then there will be a deliberative process in which people decide what the rules best formal take. most of the deliberation and any of the cases certainly the most important cases involve ira itself and involves other parts of the government weighing in and trying to make the best rule. there are cases where the urgency of the problem is such in the process the just described needs to be sped up rated city could see it. how long the rules are under review and ira. and sometimes it's a short process. and sometimes less. and considering that the rules often a multi- - month is not a lot of sludge. and sometimes it's any any months. they worked really hard and ira to get rules out in the face of interest agency disagreements. and these rules were very important. but if there disagreements, let's say the cabinet since this is nonsense.

with jeff sykes, who held various obama administration roles, johan abraham, advisor to the national economic council, and former white house communications director jen saki. highlighted as the president-elect makes a transition team. go to buildbackbetter.com, the website being promoted by the biden harris transition, where they said they could offer the information. the vice president elect, kamala harris, taking to the stage, talking about issues particularly around winning the election, the role of women, and the future. [video clip] a testament it is to joe's character that he has the audacity to break one of the most substantial barriers that exist in our country and select a woman as his vice president. [cheers and applause] while i may be the first woman in this office, i will not be the last. [cheers and applause] every little girl that thisonight sees is a country of possibility. ,o the children of our country regardless of your gender, our country has sent you a clear message. dream with ambition. lead with conviction. see ourselves in a way that others may not, simply because they have n

he seems to be the number one person for the national economic council.o to the cea, and sometimes the cea plays a strong role in creating policy and sometimes it is just advice. in the 2009 run-up to the american recovery act, chaired bernstein was among those who helped formulate the policy. ouse is the incoming cea chair. it may be the cea plays a big role. who will lead all of this is something we will have to see how the personality shakeout. jonathan: we want to talk on the economic data quickly. payrolls friday coming up. what are you looking for this week? michael: the big question for everyone in terms of the adp and jobs report, although the jobs report is old data, is do we see a deterioration in the economy that will put pressure on members of congress to come up with some sort of lame-duck assistance to the economy? it seems unlikely given the fact the senate and the house have announced short work periods between now and the end of the year and they have to get a budget passed, they have to get the government funded by december 11. the odds

this, we don't expect to see the biden team announcing economic figures, treasury secretary national economic council director right off the bat we expect that might come closer to december and they are looking at biden headquarters at the obama model from 2008 in terms of a roll out of what the team might look like if he should clinch this thing which he doesn't done yet they are thinking maybe towards december for the economic team i'm also being told that biden is likely to want to speak to the nation's tonight and that seems like it won't deviate depending on when and if we get a call in any of these races or overall. so if biden were to clinch this over the coming hours i don't think you would see biden come out during the day i think we'll see him at tonight. everything is flexible but that's the current thinking i'm told inside biden headquarters right now. >> we appreciate that. keep our eyes on the vote count of course come back to you as need that's eamon javers for us with an update. investment committee as i mentioned is with me again today. nice to see everybody in what has been a very b

gene sperling, who is advising the biden-transition team and is a former director of the national economic council presidents obama and clinton. gene, good to see you. thanks for joining us. >> thanks, don. than for having me. >> absolutely. so, dr. anthony fauci says that he hasn't spoken to biden's team, yet, but he wants to. that is a critical meeting. actual lives are at stake, as the president-elect says here. >> absolutely. i am an old man. i've been involved in transition since 1992. people are normally on their best behavior. to have this unprecedented resistance to a transition in the middle of a pandemic and an economic crisis is not just unprecedented, it's so dangerous. and, you know, president biden and ron klain ahave made very clear that the inability to get the information, to make sure that if you have a vaccine, could be distributed. could be the matter of tens, hundreds of thousands of lives. but as an economic adviser, i also want to say the economic emergency is immense. did you know the day after christmas, there may be up to 12 million people who will lose their unemployment

confirmed the first woman to lead the agency but talk of another key economic post, the national economic council chair likely to be roger ferguson the outgoing ceo of an investment fund and all of these picks are being made with criteria of qualification and diversity of experience in mind, but also of those looming senate confirmation battles, we know the balance of power in the senate is tight right now and all hinges on those races in georgia. donald trump is clear he will be heading to georgia to campaign for the two republican candidates but we're also told that biden will campaign there as well. not sure when that date will be, but likely closer to the election, all eyes are going to be on georgia for some time now, because they control the keys to the senate. guys? >> and ali, that georgia runoff is set for january 5th. ali, joining us from rehobeth beach, delaware, thank you. >>> let's bring in now panelists including republican strategist susan dell perso, and democratic strategist joe payne. welcome to both of you. good morning, guys. thank you for being here on this saturday after the

watch and wait for this evening's returns, we welcome joe lavorgna, chief economist at the national economic council and special assistant to president trump. good to see you, joe. thank you for coming on the show. if president trump decidedly, again, this is hypothetical, decidedly wins the election tonight, what is priority number one tomorrow morning of his to fix the still limping along economy? >> the economy is doing quite well. it became an official v-shaped recovery last week with a 33% annualized increase in gdp. the details are actually better. consumption up 41%, housing up 59%, business investment up 83%, auto production rose 1200%. so it's continuing the policies basically that have worked. no question. and the president has also talked about fiscal support to help people who certainly need it, which is why he used executive actions over the summer and he said he will go with a big stimulus plan right after the election. so it's basically continue getting this economy back as he has, stimulus and then of course, next year, growth enhancing policies, perhaps middle class tax cut, and per

who better to talk about all of this than gary cohn, he's the former director of the national economic councilasury secretary but just how excellent pick for us treasury secretary butjust how daunting a challenge does she face? thank you for having me this evening. i do think that janet yellen, former chairwoman of the federal reserve, isa very chairwoman of the federal reserve, is a very good pick for this job. i got to work with her in her later years as chairperson of the federal reserve when i was in the white house. we worked extremely well together, and i think she brings a very realistic, very down to earth from a very pragmatic approach to the treasury. she does have a daunting task, we need to get the united states economy back on track. and we need to do it from the bottom up. need to get small businesses and family—owned businesses, and minority owned businesses and workers back to work. this is a very big task and she's going to have to work really hard to get congress to help her out on this. would you encourage the president to get congress to pass some kind of stimulus bill in t

thekrock executive at national economic council. a senior climate advisor to president obama.ay powell is warning lawmakers the u.s. economy remains in a damaged and uncertain state, despite progress in developing covid-19 vaccines. he told the senate banking committee that he has positive for the medium-term, but significant challenges remain including production and distribution. the lending funds expire at the end of the year and officials say they should continue. thailand says it is ready to take further action on its currency which is on track for a second straight month of gains. the vaccine progress boost optimism about the return of tourism. previous say the measures have had a limited impact. the bank of thailand meets next week to explain the strategy. stepat is only the first and the outflow. there will be further strict measures on that. karina: bitcoin on the move again, jumping more than 6% to almost $20,000. its rise has echoes of its search three years ago which was followed by an equally dramatic plunge. thbitcoin has gained more than 170% this year. shares o

. >> director of the national economic council >> thank you we are coming off the initial opening highs34.72 we are back after a break. - [narrator] at southern new hampshire university, we're committed to making college more accessible by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu. >>> top strategist looking ahead to a strong 2021 find out how he's pling aythe market more "sqwawk on the street" coming up. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. >>> let's check in director of floor operations for ubs. a

first on cnbc is white house director of national economic council, larry kudlow.to see you. >> thanks, carl. appreciate it. >> can't wait to talk about the jobs number and economy. i know you'll forgive me for asking i know you've spoken to the president in recent hours. can you give us a sense of what he's saying about the count as it continues today >> he intends to keep on fighting and make sure the ballots are counted legally. legal ballots are counted. he intends to keep up the fight. i'll leave all the predictions and analysis to the campaign, the president or the chief or mike pence, yes, the president intends to fight >> i hate to ask we've known each other a long time you processed the results yourself and make a decision of whether you would stick with the administration in the face of -- i'll use the word -- defying the results as we see them, at least? >> carl, i take things a day at a time that's how i operate we had a great jobs number 6% unemployment. election count will go whatever way. for me, it's always a day at a time i have been honored to wor

they will nominate yellin to treasury and cecilia rouse and, jim, they're not talking about national economic council director quite yet but the market had been counting on yellen not just for her experience but her knowledge of the international landscape and a roladex has been not over the years. >> no one is going to come in and talk about breaking up the banks and no one is going to talk about how the consumer has been ripped off by the system. but, again, i think it's interesting, carl. i would have expected a little better action given what we heard about the vaccine and given the fact that biden's people seem like a jarrett bernstein. i mean, come on. they just come on and sound like real guys. >> yeah, they do larry kudlow still came on a lot and he's right >> i think larry did a great job for the country. >> no, that wasn't meant as in any way criticism. i was just pointing out. he came out and by the way, numerator. that's what goes over. >> larry is an optimist. always been an optimist. >> always. >> someone who was his partner he served for a long time and he gave it al his all. how about

rounds to cecelia lead the national council of economic advisors.: historically, there has always been a cap between the unemployment rate of different races but we have seen it exacerbated, accelerated. the unemployment rate has come down obviously for everyone. you look at the white unemployment rate, 6%. black americans, nearly 11%. after a lot of compression in those lines precrisis, lots of work to do now. joining us now, bloomberg opinion contributor, former federal reserve economist. describe big picture the names we have today, not just gross but the role of policy in flattening and compressing some of these divergences. in much is that prominent the work of biden's econ team? i completely affirm that there is a story, a real emphasis being put on a more diverse policy team. that comes in many dimensions. it is very important to have a stellar researcher in cecilia ea.se as the chair of the c it means a lot to have biden drawing on people from different backgrounds, different training. bernstein will be may be the first member of cea not to

the social and economic council of the united nations organization gives the peoples of the world antrument with which to promote a higher standard of living everywhere. through their delegates at san francisco, the member nations pledged to use that instrument. they pledged too to stimulate the exchange of culture among peoples. and in the words of the charter, to practice tolerance and live together in peace with one another as good neighbors. at san francisco 50 united nations reaffirmed their faith in the dignity and worth of the human person without distinction as to race, sex, language or religion. the representatives of 2,000 million people pledged to promote freedom from fear and freedom of expression. freedom from want and freedom of worship. the second week of the conference brought the news of germany's surrender, proof of the power of unity against a common enemy. but in their wake the germans left horror and devastation, a specter of fascism in the price of total war which would haunt civilization for decades to come. strong and effective machinery must guarantee that su

it, former council of economic advisers chairman in the obama administration he's now a professor with the university of chicago's booth school of business andrew olman who served as nationalector, and deputy assistant to the president for the economic policy under president trump. i know where austin is going to go he has been on a lot, andrew, and so let's start, austin, i'll let you get to covid you can do that, and the post-covid economy but let's start with the pre-covid economy, was it really good, andrew, because austin doesn't like the tax cuts. he thinks that even the wage gains were, you know, were not as good as under obama do you think that the pre-trump economy improved on the obama economy? >> yeah, i don't think there's any question that the success the president brought in us terms of the economy in the lead to the covid shock, you say unemployment rates go to historic lows. that's an impeer caempirical fa saw unemployment reach levels most people thought were impossible to reach. you look at forecasts back from 2015 and '16, no economists thought you could get unemployment down to low 3s. i think that's something all americans should be happy about it, and

with jeff sykes, who held various obama administration roles, johan abraham, advisor to the national economic councild former white house communications director jen saki. highlighted as the president-elect makes a transition team. go to buildbackbetter.com, the website being promoted by the biden harris transition, where they said they could offer the information. the vice president elect, kamala harris, taking to the stage, talking about issues particularly around winning the election, the role of women, and the future. [video clip] a testament it is to joe's character that he has the audacity to break one of the most substantial barriers that exist in our country and select a woman as his vice president. [cheers and applause] while i may be the first woman in this office, i will not be the last. [cheers and applause] every little girl that thisonight sees is a country of possibility. ,o the children of our country regardless of your gender, our country has sent you a clear message. dream with ambition. lead with conviction. see ourselves in a way that others may not, simply because they have never

look who's here, larry kudlow, national economic council director. stu. stuart: we've got restaurants in chicago closing down, we've got some curfews in massachusetts. we're adding some restrictions on economic activity in various parts of the country. do you think that affects the economy's performance in november and december? >> well, not at the moment. i mean, i don't agree with that point of view, neither does the president, neither do our health experts, by the way, from vice president pence's task force. you've got to keep the economy open. very important to keep the economy open. you have to do it safely with masking and distancing and good hygiene and testing and, you know, be careful in close quarters. but still another shutdown is not going to work. we did what we did last winter. we're at a different place today. we have vastly better equipment, much more knowledge and experience. we know how to do targeting. that's the key point. we know how to do targeting insofar as any community, you know, community spread. closing down the economy ba

now we are joined by larry kudlow, national economic council director.ests who were members of the trump team withdrew from our program this morning, david bossie and tim murtaugh, they were called off the program, we believe to go to meetings in the white house. is there significance in that, is there regrouping within the white house bearing in mind these difficult political developments outside? what do you say is. >> you've got the best of the herd, the best of the litter, the cream of the cop, what more can we do. stuart: let's get serious, i want to talk to you, you are a serious guy, what is the state to play with in the white house at the moment. i've got to tell you, john roberts from fox is saying that trump says he will not concede the dividing camp is responding that the united states government is perfectly capable of excoriating trespassers out of the white house, this is intense stuff, what is the situation of the white house. >> i'm not going to comment on this campaign stuff. i understand it is important but my lane is economic policy. i

the social and economic council gives people a instrument for a higher standard of living everywhere. through their delegates, the member nations pledge to use that instrument. it is an exstrange of culture among peoples, and to practice tolerance and live together with peace as good neighbors. 50 united nations without distinction as to race, sex, language, or religion. representatives of 2,000 million people pledge to promote free for fear and freedom of expression. freedom from want, and freedom of worship. the second week of the conference brought the news of a common enemy. but in their wake their left horror and devastation. the price of total war, that would haunt civilization for decades to come. strong machinery must guarantee that generations will be spared such destruction. therefore at san francisco they settle their disputes by peaceful means. to suppression aggression and pledged to place their arms at the disposal of the international organization. for speedy combined action, air forces will be held immediately available. final responsibility is vested in the powerful security council authorized to work swiftly a

response to the code 19 crisis national interest on the new budget, which includes a much needed 751000 rescue funds? we talked to a number of germany's economic council also coming up a sooner than expected vaccine approval. we get some reaction from the trading floor deal or no deal. time is running out for brussels in london to ensure its trades come january the 1st along. welcome to do business on want to get johns in berlin. good to have you with us. well, your leaders in brussels today are trying to fire. emily, reach an agreement over the blocks, coronavirus pandemic response and possible financial aid for the hardest hit member states. hungary and poland have so far blocked approval of the e.u.'s budget, which included a $750000000000.00 euro coleridge recovery fund. as the political wrangling continues, member states have adopted their own fiscal stimulus measures to support their economies. germany is providing almost 40 percent of the last year's g.d.p. to provide relief. the stimulus measures include government participation companies, the 80 reduction and short time work allowance. and how does all of that work out? well, for more i'm joi

national political reporter with the post. joining me is larry kudlow, president trump's top economic advisor and director of the economic council. good to have you here. thank you for coming. as reported today, the u.s. economy did grow at a record 7.4 percent between july and september. it has recovered two thirds of the ground it lost during the first half of the year during the pandemic, but many economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. so let's begin with these new numbers. do you acknowledge these record gains follow record losses? larry: of course i do. the pandemic contraction because of the shut ins last spring generated a very heavy economic toll. very heavy. you have a 33% increase, annualized increase in the third quarter. that's a record. i want to go underneath the hood here because i think this is a self-sustaining recovery. the numbers are gargantuan. i am going to read them off. you have consumer spending up 41%, housing up 59%, business investment in equipment up 70% and automobile production u

national interests so fast stalled agreement on the e.u. budget, which includes a much needed 750000000000 euro covert 1000 rescue fund. we talked to a member of germany's economic council to find out what's at stake. and deal, or no deal. time is running out for brussels and london to ensure smooth trades come january the 1st. hello and welcome to do business on what to johnson berlin. good to have you with us. the chinese president xi jinping, hits back against suggestions china could be looking to go it alone amid a rise in protectionism and trade tensions speaking at a virtual asia pacific economic cooperation forum. she said global collaboration on issues from free trade to vaccine development is needed now more than ever. critics, however, were quick to point out china's increasing aggression towards trade partners such as australia and its lack of progress on long pledged commitments to open its economy. as most of the world's major economies struggle to deal with, the coronavirus pandemic repeated his message. thursday, our doors are wide open. at a video meeting with asia pacific c.e.o.'s, the chinese president pledged to carry forward with efforts to open the

national political reporter with the post. joining me is larry kudlow, president trump's top economic advisor and director of the economic council to have you here. thank you for coming. as reported today, the u.s. economy did grow at a record 7.4 percent between july and september. it has recovered two thirds of the ground it lost during the first half of the year during

economic powerhouse. we have to combat activities from the united nations china or cuba or nicaragua we skip the human rights council. it is so outrageous. we are faced with a position to say maybe it is time for us to leave. there are times in my career i really thought that. but somehow we have to know to make united nations more accountable to the nation that freedom is the core of human progress. >> absolutely. >> i have a few more questions we share a common opponent and for whatever reason they always seem to take place. first of all you have the courage to run against two icons not one which most politicians move around and what they can do in the then he got out of the race very similar person for the people of florida and that race goes pretty close. >> 50.4 percent of the votes. how many days or weeks did that go on postelection? how is that on your family and with that experience? >> i will tell you the eight days seem like a very long time. 1988. so there we are and it's 1230 at night and we are getting all this information back and forth about the outcome of the account and then i was told these were in

nation back, back up to speed economically. reporter: biden announced the members of his covid-19 advisory council that he says will shape his approachgetting covid under control. biden also says he will provide immediate ramping up of rapid testing, contact tracing and also increased made in the usa personal protective equipment to trigger a surge in supply but even though biden is celebrating the promising development with pfizer's covid vaccine, he does not want people to get their hopes up, saying this is not a cure-all, in a statement. quote, it will be many more months before there is widespread vaccination in this country. this is why the head of the cdc warns this fall that for the foreseeable future, a mask remains a more potent weapon against the virus than a vaccine. today's news does not change this urgent reality and liz, president-elect joe biden has had -- gone back and forth on whether or not he would call for a national mask mandate but we are also waiting to get more details on the national standards that he promised to put in place as president, guidelines to get businesses back open, to get schools back open, but

nation's capital. she was not over a fed chair in san francisco, she did other important positions and jobs during her time in washington she was on the fed board, council of economicsco fed reserve bank and helped guide the economy after the fiscal crisis. there are concerns she supports an internationalist economic view and pro-china in some circles. there are lawmakers who are also concerned about the idea that she may be very supportive of a biden tax and spend posture. further hamper the post covid recovery. >> she comes with a lot of experience and qualifications but will confront a fiscal challenge as we come out of this pandemic. how do we pay back the debt we've incurred in fighting covid-19 and how do we get the economy growing again? and she will have to navigate that as treasury secretary. >> while the former vp has made a few cabinet picks already there is a concern at least among some of his strongest supporters that the team is lacking in african-american representation. south carolina congressman james clyburn is urging his friend to consider a host of other candidates for senior posts including marsha fudge for ag secretary and alvin brown at hud.