you heard susan collins tell mike mckee that these two things are separate.u keep control around the longer ends of the curves? noelle: going back to this being a tough year for timing rates, we will not take significant race bets -- rates bets here. in terms of outright rates positions, it will be tough and you will end up -- sonali: i have only been anchoring this show for the last six months and in the first three or four months all i have heard his investor after investor telling me this is the time for duration. they are going longer out on the curve. do you think a lot of investors are rethinking that position? brian: it depends on your belief. my belief is in the long-term the fed will achieve its to percent objective or something close to that. our target for the 10 year has been 4.5%. when we get around the 4.5% or above level, if you believe the fed will, in the long run, hit that 2% inflation target or something close to it you get an attractive real return. investors locking in that real return, dollar cost averaging makes sense. there would proba

in 2022, it was all but susan collins.n 2020 it was susan collins and 2022 it was all but ron johnson. we are nationalized in our voting no. host: we are several months away from the election, what are you seeing any of that from right now carry over where it seems to be following that same trend for this year? guest: it is too early to say, because i think the defining thing for republicans in 2022 that made the night not what it should have been was that they nominated in two dozen key races around the country some pretty exotic candidates. if the republicans had nominated potted plants they would've done better than anyone they nominated, and there are four senate races and governor races, attorney general where republicans nominated the wrong people. it is too early to know who is going to come out of all of these primaries, so it is too early to say whether it will be the same dynamic or not. host: all of those house races are up for reelection. what do those of like right now? guest: you think coming out of 2020, you

very much looking forward to hearing your conversation with susan collins.more noise, bumping us to the same road of easing policy? neil: i think the latter, bumping this on the path to still a couple of cuts this year. you have to take the data as it comes to you. what we learned in the last week definitely throw cold water on that idea that individual seasonality was a big driver of why we miss the boat on inflation the first couple months of the year because march was still somewhat firmer. ppi data certainly took some of the edge off in terms of what it means for pce, but at the end of the day, you are talking about pce inflation likely to be above 3% for the first three months of the year. the way i'm thinking about it, july at the earliest. we had three months of poor inflation data. you are going to need at least that many months to undo the damage. a lot of things have to go right. i think july at the earliest is probably the way i would think about it. if you get another bad inflation number, you just push it out. lisa, i think it is worth reminding

sonali: that was the boston fed president susan collins speaking earlier with bloomberg's michael mckeelook at stocks hitting highs and lows. an update with oil prices on the rise. occidental hitting a two-week high after it was raised to the sector to perform at scotia bank. a new overweight rating at barclays and exxon hitting highs after announcing a new oil project in guyana. the animal health company hitting a two week low after a report on the side effect for its drugs for arthritis in animals. a quick check on the banks, you have jp morgan extending its declines on the day with the worst day it has been having since march of 2023. down more than 5.6% on the day. this comes after jp morgan didn't raise its net income interest expect patients. after wall street hoped for more. wells fargo also declining just a bit, just about .1%. citigroup facing declines of .6% lower despite eating its targets on profit. according to wall street -- beating its targets on profit according to wall street expectations. the s&p is still on to decline near session lows. you can see the same thing all

and it was awfully important to see a bipartisan group of senators in this case in particular, susan collins, republican of maine, and carl levin, a democrat of michigan, jointly releasing all these records, and collins in particular as a republican making an unequivocal statement about mccarthy, condemn his behavior, condemning his tactics and and really calling out that sort of abuse of the oversight power. so it was quite significant. and now, you know, we understand. the era better, much now than we did before this was released. and another from maine back in 1950, margaret chase smith spoke out against joseph mccarthy. and this is what she had to say. here's a portion of her speech from 1950. i think it is high time that we remember that we have sworn to uphold and defend the constitution. i think that it is high time that we remember that the constitution as amended, speaks not only of the freedom of speech, but also of trial by jury instead of trial by accusation, whether it be a criminal prosecution in court or a character prosecution in the senate. there is little practical distinct

susan collins just out with her economic club of new york speech.he said we may have fewer cuts this year and we may have cuts later this year. which is pretty much what most of the rest of our colleagues have been saying. similar to what john williams said, phrasing it a different way. saying there is no need to adjust rates in the near term. both of them saying they made a lot of progress. but there is more to be done. williams suggesting they want to see more progress on the labor front, as well. so there's a general agreement among fed officials that maybe we are not going to see this kind of rate move wall street was expecting. which is interesting because today we got an assurance from the european central bank, christine lagarde, that they will move as soon as june. sonali: michael mckee, thank you for the data with a dose of reality. we have a federal reserve economist and chief economist at new century advisors joining us now. also to react to the flurry of the data we have seen in the last couple of days. and how you think ahead to the pce

and it was awfully important to see a bipartisan group of senators in this case in particular, susan collins, republican of maine, and carl levin, a democrat of michigan, jointly releasing all these records, and collins in particular as a republican making an unequivocal statement about mccarthy, condemn his behavior, condemning his tactics and and really calling out that sort of abuse of the oversight power. so it was quite significant. and now, you know, we understand. the era better, much now than we did before this was released. and another from maine back in 1950, margaret chase smith spoke out against joseph mccarthy. and this is what she had to say. here's a portion of her speech from 1950. i think it is high time that we remember that we have sworn to uphold and defend the constitution. i think that it is high time that we remember that the constitution as amended, speaks not only of the freedom of speech, but also of trial by jury instead of trial by accusation, whether it be a criminal prosecution in court or a character prosecution in the senate. there is little practical distinct

because if it goes from 51-41, the swing votes go from kyrsten sinema to joe manchin to perhaps susan collins who are functionally more like independence. if republicans win a majority, then donald trump if elected would have much more leeway to confirm cabinet appointees and pass an agenda. host: this is mike in indiana, independent line. caller: i couldn't vote for a democrat or republican right now. they blame stuff on people and it is not true. the person when they talked about trump and election interference and this trial about him having these documents and biden having them, the one that is responsible for it is the people that take care of it, the cia, fbi, and they should be a reason when they do something like that, they should be the ones who go to jail. host: to the degree the former president's legal issues deep into the congressional race, what do you think? guest: it is not clear that they will or be front of mine with voters while casting ballots. when we look at the polling surrounding donald trump's problems, it 53% of voters believe trump has committed crimes. but 18% of t

to hear that sort of management of expectations from said speakers including the latest being susan collins overnight. annabelle: the moves we see on bond yields on repricing coming through, let's get perspective from our guest who is still with us and given the rate pricing we see going on do you think we are in an environment where we have to think about rate hikes again? >> we definitely think about rate hikes but there has been more of a u.s. phenomena of stubbornly high inflation on the services side we saw in the cpi a few days ago. ppi was better overnight. that bodes better for pce but clearly the services side is more stubborn. if you look at the number of components, things like auto insurance, health care, stubbornly up. overall the fed will have to be sensitive to data points and that means short-term or interest rate volatility. yields have repriced for the latest news and now we move the market pricing in just two cuts for 2024. annabelle: how does that affect your thinking around big tech evaluations? do you have to shift away from those names into other parts of the market i

. >> this was raised by susan collins trying to get answers for two years from the d.o.j. and f.b.i. on why and how chinese nationals have established hundreds of illegal pot farms in her state of maine and hundreds more elsewhere. they asked garland about it yesterday during a justice department budget hearing. listen. >> do you have a theory on why the chinese are sending people illegally into our country to establish these grow operations? as you point out, it is not just maine. >> i don't have a theory now. i develop a theory by learning the facts from the different investigative entities that are looking into this. at this point i don't have a theory. >> he acknowledged it is a serious problem. two months ago a letter was sent to garland's office demanding attention and action. nothing in writing was returned until this week. response letter was received but didn't reveal if the d.o.j. has launched an investigation. in february chinese nationals were trying to sneak into maine through canada. that's one case. of the 24,000 who are caught so far this year crossing ille

speaking on the back of the hotter than expected report, susan collins is the latest central bank chiefdownplay the start of rate cuts. >> i do expect that it will be appropriate to begin lowering the federal funds rate, but later this year. however n addition to that optimism, i'm realistic about the risks and the uncertainties which remain elevated. recent data suggests it may take more time than i had previously thought to gain greater confidence in inflation's downward trajectory before beginning to ease. >> the fed's 2% inflation target continues to remain elusive, but raises the question if the mandate is still a realistic goal. if not, how do we navigate a non-2% inflation world? we havehave daniel morris with as well as dana peterson. good morning. dana, i'll start with you. is 2% inflation post pandemic with all of the changes we have seen in the world a realistic target for the fed? >> i think it is. certainly 2% has been the sweet spot for the economy humming along. if the fed changes the mandate in the middle of the game, it would lose credibility. if the fed maintains a 2%

we hear from susan collins and tom barkin and michelle bowman today. >>> we are checking our futuresow implied higher by 63 points and s&p by 15. for more, let's bring in jason katz at ubs. jason, this is very much a day about the jobs number. do you feel the economic narrative in america can change significantly with what happens today at 8:30 a.m.? >> the porridge his to be just right, dom. if we have an extreme number on either ide, you will have a binary reaction. that is not our expectation whatsoever. i think good news will be construed as it should be as good news. >> if good news is good news and bad news is bad news, what do we make of the recent market action? does it give you some pause? the volatility? >> the higher for longer regime is because the economy is on solid footing. sometimes we overcomplicate things. in the last few days, the market has been able to withstand higher rates. to me, it is counterintuitive to be spooked by economic resiliency. this sticky inflation is a result of a strong economy. what does this portend? a q1 earnings period that beats expectation

in fact he was so extreme and radical haven susan collins and lisa murkowski voted against it they aretion u big ti, why? i'm about to slay with the democrat party, biden position is on abortion. it is so extreme. republicans don't use it against them i will never ever know. our friend tom wrote at the daily sentinel hero if it were constitutional, which it is not because the supreme court just ruled such a law would not be. the women's health protection act is what they called it wit or prohibit required repeal of require repeal of 11categories n regulations and any that might be quote similar" to them guaranteeing the courts will be pulled right back into the abortion business. what does that include? anything that might delay some patients from getting an abortion. quote indirectly increase the cost of doing so whatever that means. or even necessitates a trip to a doctor's office. the women's health protection act would also outlaw other measures the supreme court has already upheld in the past after row. that women's health care protection act list of parental involvement laws, not

the endor missed number all fiscal year 2023 this is in six months this is sense october here is susan collinsssing attorney general merrick garland about this issue while china is sending citizens here illegally into the u.s. to establish marijuana growing operations. watch this. >> do you have a theory on why the chinese are sending people illegally enter a country to establish these grow operations. >> at this point i do have a theory there are a lot of obvious theories including profit motives and transnational criminal organizations oper operating, the reason we call them transactional is operating all over the world. i can't tell you what the specific motivation is. maria: there just flowing and we don't know why. whatever. >> america used to be freedom and opportunity and under president biden's leadership is just become a free-for-all. come here, you don't have to follow any laws whatsoever. were getting keep the border open, people have no property rights, we can apply the first amendment and it's okay if you laid down in the middle of street and block people to from getting to the ai

so as i started the show off i mentioned two big-time fed officials, john williams, new york, susan collins the rescue, right. they're trying to soothe nerves saying listen, those cuts are coming, maybe not as soon as they wanted but trying to reassure everyone out there. my next guest though isn't so sure. i want to bring in nicholas wealth management president david nicholas. david, you see see 5% or better on the 10-ye, right? >> i do. payrolls are stronger, last march jobs report, 300,000 jobs. interesting where you look at the jobs, 300,000 production jobs. 50% were government, health care, 72,000. government and health care two sectors of economy the fed has almost no impact on. so what we're going to continue to see i think we're seeing a strengthening in the jobs market which is still going to hurt the prospect for inflation coming down. generally, if you look historically the 10-year traded 2% above the inflation rate. in the 19890s it was 5% above. in the 1990s, it was 3 1/2% above. it is very strange or low probability world where the 10-year trades so closely to inflation. this

kudoesses for mitch mcconnell and susan collins and others for producing a huge victory in the senatey is way too much. what is happening there is sadly, zelenskyy and his people are as he said cutting the line. they are trying to fight the russians across a long border with russia but without ammo and without what is called long range fires, missiles to hit back at the installations that are hitting them and without really good antijamming equipment with the drones they have and great numbers. they have to make decisions that we can't be there. we can only be here. one of the things we saw which was amazing is there own yare space industry. they are building low cost drones for $350 a copy. they are building long range drones for about $5,000 a copy. they are making their own tanks . this is an astounding thing. they have changed their technology base to focus on this and they are showing us how to do it. but without the long range fire and u.s. patriot missiles, they can't win. >> it is -- a number of these missiles that the congresswoman is togging about, they are made here in amer

people like susan collins from boston coming in, and in that context, the yields want to be higher, butange is. they're seeing the bottom of it, and down below right around 4%, but you have banks down the on day. it's a big day when jpmorgan falls as much as that, and then you have the bond markets figuring out, so i think you have a lot of different cross currents going on. it looks more like yields and flight safety with the geopolitical concerns out there. >> when you look at what bonds have done, and the fact that people seem to be bidding up the yields on bonds, what does that tell you about sentiment? >> when you look at sentiment, first of all, overall, when the fed says higher for longer and the market starts to embrace that, and you can see over the long-term there that the two-year note has been up near 4.90% and you look at the ten-year and it's aup 4.5%, and that presents a challenge to the stock market, and the higher rate will be higher over time. that's going to be an issue, but then you have this kind of explo exploration, and it's a nice start if you go back and look fo

all these senators having stayed away from donald trump having criticized him, lisa murkowski, susan collins, these kind of folks. our colleague jonathan martin did this amazing column asking the exact question, why hasn't biden called kristi, and we talked to campaign officials. what they say essentially is their focus right now is on the voters, that they're talking to republican voters. you've seen ads where they are obviously leaning into the words of republicans, people who run against donald trump in what was supposed to be a competitive primary and has since dropped out. and they'll probably use carl rove's words in order to do that. the question is whether or not they're actually going to talk to the people. and i think what's on their mind is nowadays everyone kind of has an opinion on joe biden and donald trump. and so asking chris christie or having someone like carl rove, someone to stump for them would maybe not be as useful as it was in the old days. but we also have to look to 2020 when they had the former ohio governor john kasich at the actual convention, sydney mccain at th

still have -- while we have seen the chinese migrants crossing primarily in california, senator susan collinsmaine has been directing attention to chinese nationals showing up in her state and starting marijuana growing operation. >> why is china sending its citizens sneaking them into the country to open illegal marijuana operations in rural maine communities? >> at the border the texas national guard has installed anti-climb barriers. people are coming from the mexican side with bolt cutters to get through the razor wire and fencing. we watched this morning as family with children on their backs found a hole in the barrier and made a break for the wall. fox news cram are a in new mexico got a shot of border patrol catching up to rauner and taking him down by force. earlier this month, an aide to democratic senator catherine cortez masto was killed in a car wreck. the driver of the other vehicle was an 18-year-old honduran in the united states illegally. bret? >> mike, quickly, this number, the 24,000 chinese says apprehended but it tracks with how cpb has been talking about the release of t

i think we are out to level seriously concerned on the susan collins of caring about things.s not getting impeached. the question is how much time do the republicans want to waste not impeaching him? that is what we need to play out this week. against the backdrop of serious things happening in the world. just a question of how clownish the republicans want to look just at the moment. >> these are not serious people as what was famously said. thank you to the both of you. greatly appreciate it as always. >>> next up, a journalist known for his coverage of the genocide in bosnia what he takes from what we are seeing get played out from gaza are s get played out from gaza ♪ i'll be there... ♪ ♪ you don't... ♪ ♪ you don't have to worry... ♪ known as a loving parent. ♪ you don't... ♪ known for lessons that matter. known for lessons that matter. known for being a free spirit. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer, fda-approved for 16 types of cancer. one of those cancers is advanced nonsquamous, non-small cell lung cancer, w

i haven't read or seen what susan collins has said lately on the matter, but i said at the beginning of your show, chris. i do believe that all of the democrats and independents that would include kyrsten sinema and joe manchin and the whole crew that caucus with the democrats. i believe all of them will vote to dismiss this when the appropriate time comes. i think it will be interesting to see if they all vote to determine that, in fact, this first article is on its face unconstitutional because it does not allege a high crime and misdemeanor. >> and then where will we go from there, ryan nobles. we should say, they have not started that vote yet. they will be voting on a point of order on the constitutionality, as claire just said of that first of the two articles that are laid out in this impeachment. what happens? >> reporter: so we'll get this vote. in my ways, it's a point of order, it doesn't tell us anything about whether or not there's going to be a motion to dismiss or table or convict or anything along those lines. it's basically just establishing a fact for the record. bu

david brought up lisa murkowski and i think we are up to level seriously concerned on the susan collins alexander mayorkas is not getting impeached so the question is simply how much time do the republicans want to waste not impeaching him and that is kind of what we need to play out this week against the backdrop of actual, serious things happening in the world so it's a question of how clownish the republicans want to look at the moment. >> these are not serious people as was famously said. david, elie, greatly appreciated as always. >>> a journal is known for his coverage on the genocide in bosnia and what we are seeing play out in gaza. play out in gaza. come on. i already got a pneumonia vaccine, but i'm asking about the added protection of prevnar 20®. if you're 19 or older with certain chronic conditions like asthma, diabetes, copd, or heart disease, or are 65 or older, you are at increased risk for pneumococcal pneumonia. prevnar 20® is approved in adults to help prevent infections from 20 strains of the bacteria that cause pneumococcal pneumonia. in just one dose. don't get pre

going to dismiss, but also watch for some republicans in the center, some other republicans like susan collins, or at least are murkowski or even mitt romney are retiring republican senator who has criticized this effort as well. there could be a bipartisan opposition to this effort, which it has been going on for months and months, but we'll end here soon in the senators democrats stand poised. to essentially reject this trial prevented from having a full-blown proceeded here in united states senate. for us. >> yeah, a historic moment to witness, even if it gets dismissed, manu raju from capitol hill. thank you so much. stay within a new central were back in just a few minutes >> when the jinx came out, i thought, oh my god when bob has a friend, he expects blind loyalty. >> ravid surprises surprises this is carbonic and this is how you can sell us your car visit carbonic. >> answer a few >> questions, will give you a real offer, then set a time for us to pick it up and pay you on the side, they'll your car that easy way with carmona. >> if you have graves disease your eye symptoms could mean

on the republican side, mitt romney, susan collins of maine, lisa murkowski of alaska who have expressedpticism about this process, using impeachment as a vehicle to display concerns about the situation at the border. all three of them are not happy with the situation at the border. they're not necessarily fans of alejandro mayorkas. they have been more critical of using impeachment in this form or fashion to settle a policy dispute. so they could be among a group of people that work to try and wrap this up quickly. that's why i think you will see republicans given a little bit of runway here to make this case on the floor, to come out and say these are the reasons why we think we should have a full trial. these are the examples of similar impeachment proceedings in years past, where a full trial took place even if there was no chance of a conviction. these were all things that republican senators have been insistent upon, saying that it met the banner, the standard necessary of passing through the republican house of representatives, even though it was by a razor thin majority. even tho

susan collins, the boston fed president, gave an interesting talk yesterday. she said the urgency to cut rates has gone down. she wasn't pointing to the inflation numbers. chef she said at the beginning of the year you could paint a picture of the labor market which had some cracks in it. you don't see that right now. the data is better this year. she pointed to the financial conditions which has eased. she said that maybe interest rast rate policy is only moderately restri restrictive. if the labor market is better than you thought it would be, then the case to cut rates has receded. that is why you see all of the economists pushing back when we start the cuts and how many you are likely to get this year. all conditioned on the economy continuing to run at a solid pace here. >> nick, thank you for talking this through with us. we watch it closely. >> thank you, becky. >>> let's get to leslie picker with breaking news from wells fargo with numbers just coming out. leslie. >> wells fargo also beating on the top and bottom line here. the bottom line coming in at

our dear colleague from maine, senator susan collins will cast her 9,000th consecutive roll call. she has never -- never missed a single roll call vote in her entire career. who else can claim that? raise your hands. even the freshmen can't claim that. i congratulate senator collins on this historic accomplishment, it puts her in rare company in the history of the chamber. senator collins and i of course belong to different parties, but she has the enormous respect of those on this side of the aisle, and i have been able to work with her on many issues. i yield the floor to my colleague and friend mitch. mr. mcconnell: i would like to thank the majority leader for his acknowledgement of this historic moment. the senior senator from maine, our good friend, is about to cast as we all know her 9,000th consecutive roll call vote. senator collins never failed to discharge the most faument cute -- fundamental duty of her office. only one senator has managed a longer streak of consecutive votes. let's just say that senator collins is closing in on that record as well. i hope my colleague

vote to impeach former president donald trump twice and will also be given up on lisa murkowski, susan collins can possibly bill cassidy. there are some a few moderates i think our particularly notable and i think the c-span audience and others should be keeping an eye on to see if there also vote to dismiss. and if not what they are particularly wanting from some debate than. >> again audience if you're watching where just moments away from the start of the senate impeachment trial of homeland security secretary alejandro mayorkas. against a with us as a watch the plant during the course of the day. any other thoughts going into this as far as for audience what they should be watching for? >> just if this is incredibly the stored moment. whether do you with the trial in full force or if they do motion to dismiss this and it's over today, it's history and it should be taken very seriously and i think it's going to set the stage the up to the election on board and immigration as a larger topic. >> as good as even though the proceedings might in today, s. res. the sentiment about those topics an

. >> mitt romney, susan collins, todd young, the senators, people like mark esper, figures from the trumpeed every oar in the water from liz cheney to aoc. that's the coalition to defeat trump and you have to have that center right flank with you. you don't have to roll them out now. it is april but you have to start lining these folks up and i can't understand for the life of me why joe biden of all people does not recognize that these folks need a personal touch, that you have to start laying the ground to get them out. not all of them are going to endorse biden. some never will but they will go after trump or they will at least stay quiet. it's important on biden if he does think this is a different sort of election that's not just left verses right but the democracy is at stake it's important on him to start reaching out to the folks now. >> so, i just want to go to donnie for a second on -- and then back to -- on this. donnie, it's just -- i understand that all hands on deck for the biden campaign. i do and -- jay makes a great point but can we sit with this on the day after easter f

boston fed president susan collins was on the wires, made some news.ar but said i am still expecting we're going to see slowing in demand start and continue too 2024, and that will help bring inflation down later in the year. i am in the range of two expected rate cuts. there's still plenty of members of the fed, david, worried about the economy and want to get out in front of any slowdowns. >> 2%, you know, why is that always the perfect number for inflation? given what larry was saying, is there a day that we could imagine that at some point, inflation and/or that number is moved up a bit? >> it's a good debate to have, especially when you're talking about structural factors in the economy, like esg, for instance, when everybody was esg, they should raise the inflation target because that's going to drive prices up across the board. the problem is and the fed can think about this but can't talk about it because it will hurt their credibility on getting back to their inflation target, and, you know, as mike pointed out, we're not too far away if you l

because if it goes from 51-41, the swing votes go from kyrsten sinema to joe manchin to perhaps susan collins who are functionally more like independence. if republicans win a majority, then donald trump if elected would have much more leeway to confirm cabinet appointees and pass an agenda. host: this is mike in indiana, independent line. caller: i couldn't vote for a democrat or republican right now. they blame stuff on people and it is not true. the person when they talked about trump and election interference and this trial about him having these documents and biden having them, the one that is responsible for it is the people that take care of it, the cia, fbi, and they should be a reason when they do something like that, they should be the ones who go to jail. host: to the degree the former president's legal issues deep into the congressional race, what do you think? guest: it is not clear that they will or be front of mine with voters while casting ballots. when we look at the polling surrounding donald trump's problems, it 53% of voters believe trump has committed crimes. but 18% of t