tonight -- sarah paulson, frank grillo, and music from lucy dacus. and now, jimmy kimmel!heers and applause ] >> jimmy: thank you. that's very nice. i appreciate that. thank you, thank you. welcome. wow. where did all these people come from? [ cheers and applause ] that's very nice, i appreciate it. you know -- [ cheers and applause ] for those watching at home, if it sounds different, it's because after more than 15 months at home, and in a mostly empty studio, we finally have a real audience. it's almost like a real show. we are not fully full yet. we were allowed to let 89 people in. how they arrived at that number, i have no idea. [ laughter ] everyone is masked, vaccinated. just to be safe we shaved everyone from head to toe. [ laughter ] most of you haven't been to an event of any kind in a while. just a couple of reminders, number one. you can't mute me. [ laughter ] number two, it is rude to go to sleep during the show. okay? [ laughter ] thanks for understanding. it's been a long time. in fact, we looked it up, the last joke i told in front of a full audience was

commissioner paulson? >> yeah, i have questions and comments about this because one, i want to thank folks for at least putting a red glag in when numbers do get a little bit -- red flag in when numbers do get a little bit more than expected, but then, i want to circle back to when people -- i know you have the design ready, i know, you know, you know, you know, what you want to build, but you put budget expectations what this is supposed to cost versus what the contractor has pencilled out what it's going to cost? did the contractor go, oh, what the heck, i'm going to add an extra 5% on this thing? i'm not saying that anything -- any of this happened, but, you know, the fact, you know, that you bring up this red flag, that those questions have to be asked, and those are two big questions, and i don't want to, you know, discuss it to death, you know, right here. at the same time, i know that the contractor that's responsible for this high-end stuff has been responsible and has done a lot of work, not just

tonight -- sarah paulson, frank grillo, and music from lucy dacus. and now, jimmy kimmel!lause ] >> jimmy: thank you. that's very nice. i appreciate that. thank you, thank you. welcome. wow. where did all these people come from? [ cheers and applause ] that's very nice, i appreciate it. you know -- [ cheers and applause ] for those watching at home, if it sounds different, it's because after more than 15 months at home, and in a mostly empty studio, we finally have a real audience. it's almost like a real show. we are not fully full yet. we were allowed to let 89 people in.

central to the discussion of responsibility and the social and personal restoration that judith hermon paulson writes about. it turns out -- that judith hermon talks and writes about. it turns out that truth is trickier than it should be. a crucial event in this new book came about. it is now at risk of being rewritten. the truth buried, as tulsa's truth was for far too long, on january 6, i was on twitter. i was monitoring the unrest at the capitol. i was fearful that months of bombast springing from the relentless and false claim that the november 20 20 election had been stolen on behalf of then president tina joe biden, would culminate in real violence. i follow the news intently as the vote certification was happening in the building while the ticking time bomb of an agitated mob gathered outside. grandmother mary spoke spring -- grandmother mary's book sprung to mind. "just as this sort of people men swept down on the colored section of tosa reducing -- tulsa reducing years of sacrifice to piles of brick and twisted iron, if something is not done to bring about justice, thereby checking t

commissioner paulson is attending the meeting. thank you. >> thank you. today we're going to hold our special session on land management as you know, we have had three of these workshops and this is the fourth one. we will continuing our discussions around how we can sort of embrace the 21st century in the right way and how we're going to deal with the challenges that lie ahead and we're partly way through the 21st century and almost 100% still depend on the model built and designed in the past century based on different climate conditions and different social and economic values. as we are grappling with the impacts of climate change, dryer and hotter climate, wildfires, flooding and also the aging infrastructure, population growth and environmental regulations, the question becomes how we're going to transition as a sector and utility. we want to change the equation that we used to manage our agency when it comes to water supply and demand. instead of demand growth, the question is can we try to better understand -- sort of understand the demand dynamic

i want your thoughts on this, senator and paulsons beneficial, referral on doctor fauci to the doj, senatords on why. >> sending a letter to the part of justice asking for criminal referral because he has lied to congress, scientists will lineup by the dozens to say the research of this funding was gain of function. he's doing this because he has a self-interest to cover his tracks. >> you always help us understand how washington works. what comes of this? is that going to be a little investigation? >> we have a very politicized doj, it was politicized before trump took office, we remember russiagate and all that ended up being false but senator paul is right, doctor fauci should be criminally referred for the testimony he has given that the united states government did not fund gain of function research and they did. we have democratic led doj and i don't think they will give senator paul any credence entity any investigation whatsoever which is unfortunate, just look at the emails that have been made public, freedom of information request that he was trying to cover up that he funded thro

i want to bring in leuthold group's jim paulson. i would like you to share them with us and how bad is inflation in your mind right now? >> i think we've got a really bad, what i believe yet still to be odds are transitory inflation burst but the problem is, i think given that we're not backing off policy as quick as we have or rates have come down rather than go up, a lot of these things, i think the inflationary burst will go higher than people think yet, charles, and it will last longer than people think, maybe through the end of the year and so that's probably going to reignite inflation fears within the bond market in a bigger way yet. i think it will lead too higher bond yields as we go through the year and i think it will probably cause a correction in the stock market before the year's out. charles: let's talk about the rate of the m2, right? the money supply grew 27% year-over-year in january. in april less than 14%. i read where you said, suggested maybe tapering has already begun but what about the 120 billion of asset pu

slate stone, kenny polcari leuthold group jim paulson and.'s start with a macrogroup and go down. atlanta fed has gdp estimate for the quarter. it is down to 7.6% t was high as 13.6%. leading indicators, existing home sales, they missed. jim, economic data points miss all the time. is this the economic backdrop in your mind, jim that would justify the fed tapering? >> well you know it is obviously year on year the peak quarters were the second quarter of this year, there is no doubt about that but when you peak at levels we're peaking at maybe year on year, almost nine to 10%, charles, and then weaken off that, we're still growing at rates of growth whether gdp, job creation, income or spending, particularly earnings we're growing at rates of growth still phenomenal compared to the postwar era. i'm not advocate of peak growth thesis when we're still growing at rapid pace. by traditional standards, charles, the fed would taper a long while ago because there is ample evidence that the economy is well into recovery. that is very different to beg

." >> steve: nope >> jimmy: paulson. >> steve: nope this next headline was "elon musk launching missionine could've been "groomsmen agree to wear whatever groom says. [ laughter and applause wait for the flash mob, it'll pay off. next headline was "defense secretary lays out vision for future." headline could have been "man gets home and realizes he bought heineken zero alcohol." [ laughter and applause this next headline was "merkel hosts vaccine summit." headline could have been "women hears friend say van halen was better after david lee roth. whatev >> steve: whatev, man. whatevs. >> jimmy: gag me with a spoon the next headline was "rangers face off against capitals. headline could have been "roommate says 'moana' soundtrack just okay." >> steve: what [ laughter and applause >> jimmy: what next headline was "queen elizabeth speaks to charity. headline could have been "grandma thinks she's watching new hollywood squares reboot." [ laughter and applause >> "there's paul lynde." >> jimmy: where's paul lynde yeah and finally this headline was "boris johnson makes election campaign visit

these economic togs were founded by hank paulson during the george w. bush days.e time for engagement between the two governments. the biden administration is looking for a new way forward should what could -- a new way forward. shery: look at the next opportunity be now? >> we know deputy secretary of state wendy sherman is coming to beijing at the end of this month. there are many things for her to talk about with her counterparts in beijing. beyond that, there is the g20 at the end of october. potentially we could have president xi jinping and president joe biden face to face summit in rome. without the dialogue, the outlook for a consistent exchange at a high level is a little less sure. haidi: our greater china executive editor. we will stick with china. we have been covering at length some of these issues confronting big chinese tech. in the uncertainty when it comes to their prospects for those wanting to list in the u.s. we have talked about this bring a huge opportunity back to hong kong and making the pipeline even more promising because when it comes to

when i as a member of this very committee set down on deus and i was here when then secretary hank paulson appeared. got right out in front and i remember cleaver to was to my left i believe and to my right. the secretary one in $700 billion. he had approximately i thought five pages asking for $700 billion. at since read that it was three pages. be that as it may $700 billion to bail out so-called exotic products at the time. $700 billion. as you can well imagine my constituents were up in arms. they were calling me, by the hundreds. demanding that i vote against it this $700 billion bailout. being the good steward that i am, i voted against it. and as i stood in the cloakroom and i couldsee the tabulation of votes , there also was a monitor, a television monitor and i could see the monitor indicating that the vote was failing and the stock market was directly proportional to what was happening with the vote. as the bill failed,the stock market was going down . the next day, my constituents werecalling by the hundreds . what is wrong with you. you voted against the bailout . by 401(k) is

>> we will have paulson on he's pretty good jim will say, look, we get to 4,500 on the s&p we go and retest the 4,000 >> what did yardeni say yesterday? >> he said keep dancing. >> great >> don't fight the fed basi basically. >> if the fed is doing that and federal stimulus spending coming in those are incredible streams >> that was another. there really is nothing on tv. these are the things i'm thinking about on my own when i came to on that is is it the fiscal or monetary stimulus? if we spend another $4 trillion, why is that not inflationary it is not that the fed has extraordinary measures and pumping so much in the system we can't spend $4 trillion if the fed doesn't allow them to buy every bonds to finance that debt it is the same thing fiscal monetary stimulus. >> it is two rivers colliding. you are looking at pittsburgh where -- i guess it is three rivers there the river is coming in and forming a giant. >> that's the source pittsburgh sends all trash down to cincinnati. they have been doing it for -- as i was growing up. that's what they did i love the pirates it is like a