senator toomey: thank you, mr. chairman. in the last decade, we've seen financial technology companies driving amazing new innovations in financial markets. fin techs have developed technology oriented solutions to meet consumers' needs. as many banks have exited the personal loan market, fin techs have filled the gap and today, they issue nearly 40% of all the unsecured personal loans in america. in recent years, both nationally charted and state charted banks and credit unions have begun to partner with fin techs to offer improved products and reach more customers. this is particularly beneficial for community banks who often lack the resources to develop banking technology. in fact, 65% of community banks consider fin tech partnerships important to their business strategy. and these partnerships also generate significant consumer benefits. bank fin thec partnerships generate efficiencies that can lower the price of financial products, expand consumer choice and increase competition and these bank fin tech partnerships off

and then senator toomey. i start with dr. haynes, you are testified today as part of a broad coalition of faith-based institutions making in predatory lending, you made clear. talk to me about how these institutions differ across the political spectrum. why are they united in this work relating to predatory lending and the true lender rule? >> because of the fact that across all faith traditions you know, usury is condemned, economically exploiteding those who are already vulnerable. those practices are condemned. in both the hebrew bible as well as the greek new testament, usury is condemned. jesus overturned the money tables that may well be fintech or pay day loan stores of his day. the hebrew bible repeatedly warns against usury. so this is something that we have joined together because morally we all agree that usury is wrong, morally, we all agree that exploitation of the poor is something that god frowns upon. and so that is why, again, though we may be idea logically and politically different we all agree morally that

toomey: thank you, mr. chairman. let me begin by stating the obvious. if the government goes on a spending binge, that will certainly require more borrowing to pay for all of that spending. our democrats have a spending binge underway. they are threatening to dramatically expand that. if they get their way, that will certainly, necessarily involve more borrowing then we would otherwise need. the democrats have chosen to ignore our warnings about this excessive spending, but they want us to vote to raise the debt ceiling in order to permit the massive spending increases that they are planning. i would just remind everyone, just as the democrats have the procedural ability to pass the spending on their own, as they intend to, they have the exact same procedural ability to raise the debt ceiling on their own, which they inevitably will have to end up doing. mr. powell, earlier this year, there were certainly sectors of our economy, especially the price-sensitive, the sectors sensitive to reopening, experienced pretty dramatic, largely temporary price spike

as ranking member toomey said, the u.s. is blessed with the largest, most sophisticated and most innovative capital markets in the world. we actually represent 38% of the world's capital market and that's when we're only about 23% of the world's economy. they're competitive, they're efficient, they're transparent, but i think we can't take a remarkable capital markets for granted. new technologies continue to change the face of finance for investors and businesses and more retail investors than ever accessing our markets. our countries and other countries are also developing deep, competitive capital markets as well. and though i provide greater detail in the written testimony, i would just like to flag three areas for now. first is market structure. market structure is fundamental to our mission to protect investors on the other side facilitate capital formation and that which is in the middle fair, orderly and efficient markets. how do we do that? it's through transparency and competition in those markets. so i have aed a

glenn: it's hard to know what senator toomey is referring to.ed has to think about the broader social construct of the economy. the same as any organization. you want to be clear that you don't have mission creep. job one is maximum employment. and financial stability. some of the social concerns are tied up in that, like climate change for example. the fed has to be careful to focus on its key jobs and do the work. kailey: 10 chairman powell continue to do his job? do you think he deserves a second term? glenn: that is of course for the president. i think he does. the vet has a good record during the pandemic period. certainly not with everything, certainly a good record. chair powell has the ability to talk credibly to people on both sides of the aisle. i think it would be a mistake not to reappoint him. kailey: let's talk about the press conference, do you think the fed can separate a tapering of bond purchases versus starting to hike interest rates in the future? glenn: great question. chair powell tried to do that. it's obvious we have to h

joining us pennsylvania senator pat toomey. thanks so much for joining us. good to see you.will vote tomorrow -- >> good morning, jake. >> -- to fund the government and suspend the u.s.'s borrowing limit. are you committed to voting no even if that means risking a government shutdown and the u.s. defaulting on its debts in the midst of a tough economic time already? >> so i will certainly be voting no if the democrats insist on combining the debt ceiling increase or suspension with the continuing operations of the government, and there is no calamity that's going to happen, jake. if that were a serious risk, don't you think the equity markets from last week rather than fully recovering after the scare that came out of evergrande in china, rather than fully recovering as they did, make they would have traded of. i think that's because the millions of investors across america know no such calamity is going to occur. >> why? >> what's going to happen is after republicans vote no, chuck schumer will do what he could have done months ago, weeks ago, what he could do tomorrow amen

republican senator pat toomey who voted to impeach former president trump joins me ahead. >>> hello i'm jake tapper in washington where the state of the union is wondering if today's democrats will prove they can govern. this is the most important legislative week of biden's legacy. in a letter to house democrats saturday, house speaker nancy pelosi said "the next few days will be a time of intensity" telling her party that they must fund the government, pass the bipartisan infrastructure bill, pass a $3.5 trillion spending bill this week. tomorrow is the day house speaker nancy pelosi had promised moderates the house would vote on the bipartisan infras infrastructure bill that cleared the senate last month. house progressives say they will vote no on infrastructure if there isn't first a vote on the $3.5 trillion reconciliation package, there remains broad disagreement what should be in the final version. moderate speakers say pelosi needs to keep her promise and bring the infrastructure bill for a vote. with both sides digging in, democratic leaders must figure out how to please every

. >>> ahead on "cbs mornings," we will talk with republican senator pat toomey on why his party is against increasing the debt ceiling and what it will take to reach an agreement with the democrats. >>> a house panel has issued more subpoenas in connection to an investigation of the january 6th capitol riot. the committee wants to hear from 11 officials who were involved in planning rallies for former president trump before the attack. they'll be deposed starting at the end of next month. this is the second round of subpoenas issued in the probe. >>> and the nation's top military officer is warning about the possible resurgence of al qaeda in as soon as six months. general mark milley made the comments before a house panel yesterday. he told lawmakers about a new iy e teist group could withdrawal from ghanistan. >> a real possibility in the not-too-distant future, six, 12, 18, 24, 36 months. i think the taliban sitting in kabul significantly emboldens the radical jihadi movement globally. >> the white house says terrorist groups have been vastly diminished in the region in part because osa

what toomey is saying is not right. >> no, it's not right. it's not., the government is on auto pilot in some respects, there's lots of spending. but treasury is not taking into account what congress might pass in the near term or the long term. so he's not exactly right. a few notes of caution here, though. i mean, the government shutting down, it's not going to shut down, but we're on the shutdown day, and the markets aren't really reacting. we know the government is not going to shut down. if it did shut down, we know there is harm but it's not cataclysmic for the most part unless it goes on for a long time. so you can't really bring this up to the deadline. i think we'll see markets start reacting sooner than october 17 or 16. congress really doesn't have a lot of time here. >> what toomey is saying there, is that the overall republican stance? >> yes. >> because the republicans raised the debt limit twice under trump and they did it with democrats. now they're saying it's about future spending. no, it's about debt that was incurred under the trump

if he decides to go after toomey la stella, i doubt he's going to give him a whole lot to hit. not the end of the world. they know that darrin ruf is not that well. when a guy's hot, doesn't always matter. >> la stella's had stiffness in his side. kind of put him on the shelf this for a while. he last played this past sunday in atlanta. >> above average, across the board out there. >> ball and a strike, on the outside. was that a changeup? 87 miles an hour. >> it's been a good pitch for him. >> la stella facing joe kelly. >> crawford's going to get a two-out jump. seager playing right behind second base. la stella. >> packed it up. >> and it's 0-2. >> changeup-changeup but in watching tommy la stella hit this year, it's like his at-bats don't even start until he gets two strikes. just a pure grinder. >> two strikes, the count. 99 but well off the hard to be guy throws 99 across the plate. it just is mind blowing. >> crawford ready to take off. at the crack of the bat with two down in the eighth. would like to get that added run, leading 1-0 right now. in the last of the eighth.

we do have that on our docket as ranking member toomey asked earlier.o do that, i'd say maybe by q1 of the year to address money market funds aruined the connection between the liquidity provided and what's called gates. but also to look at liquidity rules themselves in the market, as well as open-end bond funds. >> thank you, mr. chairman. appreciate your testimony. and chairman, brown, i yield back. >> thank you. for joining us today. the questions are due one week from today, tuesday, september 21st. for our committee rules, we ask that you respond any questions from the day you receive them. thank you again with that, the hearing is adjourned. >> thank you, sir.

. >> good morning chairman brown, ranking member toomey and members of the committee. and on the honor to appear here before you for the first time as chair of the securities and exchange commission and i like to thank you all for your support and my confirmation this spring. i think chairman you may be the chairman i appeared before in this committee. i'm teaching myself a little bit but chair d'amato may have been the first i was in this committee room. as is customary i should note my views are my own i'm not speaking on behalf of my fellow commissioners or staff . the us as ranking member toomey said his blaze blessed with the most sophisticated and innovative capital markets in the world. we represent 38 percent of the world capital market and that's when we're only 23 percent of the world economy. they are competitive, efficient and transparent but we can't take our remarkable capital markets for granted. new technologies continue to change the face of finance for businesses and more retail investors than ever accessing our markets. our countries and other countr

toomey: i have a quick question. i think he makes a good case that it is in the interest of shareholders to treat employees well. but if you elevate stakeholders and say if a corporation's responsibility is to all these stakeholders, how does the management resolve competing demands among different stakeholders? >> in my opinion, this is a gift to the management class to escape accountability. the underperforming ceos. here is a secret they don't teach you in is the school. the more people you are accountable to, the less accountable you are to any of them. in the venture-capital world, that is why many ceos want to take companies public. when you have thousands of shareholders, you are less accountable sometimes. but then, this stakeholder capitalism movement is taking into to the next level, literally by making you accountable to everyone, you become accountable to no one. the goal of being accountable to stakeholders is a worthy goal. the best method might be being accountable by delivering financial metrics and p

toomey told the atlantic journal constitution, quote, aside from feeling threatened themselves, stafflized no one would want to come to that location for a vaccination under those circumstances, so they packed up and left. back with us tonight, dr. irwin oletter. besides the threats, the fact that is absolutely outoutrageou if you haven't gotten vaccinate yet, you probably finally decided to go and there were threats, there was harassment? what do you make from what you heard from the good doctor there? >> chris, it was stunning to hear those words, hear those reports. this vaccination has reached a new unchartered layer of insanity that i think we have to worry about. it was bad enough when people were actually just hesitant and legitimately waiting for new information and reassurance that the vaccines were effective and safe. we got that and especially emphasized that with full approval of the fda for those vaccines but never left this hard-core group of people who believe in conspiracy theories and nutty ideas about what vaccines do and don't do. i think that was bad enough. and no

reporter: pat toomey telling cnn that they would vote on a bill to fund the government if it is not linked to a debt ceiling increase. below seat says she wants to raise the debt limit and a bipartisan manner and has ruled out using the process of reconciliation. dion: just ahead. burglars made off with a big help me spell. they targeted a drug so and had their sights set on one thing. that story ahead plus, >> most of the women are thrilled. they are like wow, thanks. dion: it is stop -- something overlooked but needed foreman. this makes it one less thing they have to worry about. the goal for this years pad party in the south bay. >> we have good air quality out there this afternoon and a cooler end to the weekend today. tomorrow? we are tracking so denny's now has benny's. not just one, but many. it's the classic benedict plus two twist, so we really must insist that you try one, two or all three of our benny's. see you at denny's. does your vitamin c last twenty-four hours? only nature's bounty does. immune twenty-four hour plus has longer lasting vitamin c. plus, herbal and other imm

reporter: pat toomey telling cnn that they would vote on a bill to fund the government if it is not linked to a debt ceiling increase. oc -- pelosi says she wants to raise the debt limit and a bipartisan manner and has ruled out using the process of reconciliation. dion: just ahead. burglars made off with a big help me spell. they targeted a drug so and had their sights set on one thing. that story ahead plus, >> most of the women are thrilled. they are like wow, thanks. dion: it is stop -- something overlooked but needed foreman. -- women. this makes it one less thing they have to worry about. the goal for this years pad party in the south bay. drew: we have got sunshine out there, cooler temperatures to finish out the weekend. tomorrow, we working at recology is more than a job for jesus. it's a family tradition. jesus took over his dad's roue when he retired after 47 year. now he's showing a new generation what recology is all about. as an employee-owned company, recology provides good-paying local jobs for san franciscans. we're proud to have built the city's recycling system from the

the type of regulation by enforcement senator toomey was talking about i think is inherent when we are at the ripple case, when we are looking at the recent move for coinbase and the wealth notice on their landing program. the sec has been moving in the enforcement space rather than in the guidance space and when after they are afraid to act because the full weight of the sec is coming behind them, there is no question but that will stifle innovation. romaine: how much of that, with regards to the sec -- and i understand we have at changing administration and policy -- how much of this is also the shortcomings of the industry policing itself? with regards -- whether you are talking about finra or the other oversight bodies for the industry, have they not done enough for addressing the issues? jennifer: i think in the crypto space, we have difficult questions. crypto despite chairman gensler's statements that it is clear that crypto -- most crypto are securities, the debate on capitol hill today really highlighted that that clarity is not there. the industry is going to have a hard time

you heard toomey things can work well if you do - >> the problem is sometimes there is policy and the have to make up for. >> no, they don't. >> i'm saying. >> andrew, there is no way around, we're going to address income equality when we basically borrow 75 cents of every dollar we spend. it's only going up it's fool hardy to think we can. the only way, it's common sense for crying out loud, education we spend so much money on it but there is never a cost benefit analysis geeze, look at the kinds of kids we are generating out of high school they can't read. >> you and i will agree on that. >> good. >> no question. >> excellent, hip hip. >> if you thought this conversation was over, you'd be wrong, much more on the latest fed decision and when we might see the first rate hike. former fed board nominee judy shelton will join us first, though, we are watching pot stocks rally again this morning. shares are higher to include cannabis banking reform in a big bill "squawk box" we'll be right back have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that f

host: republic and sender pat toomey was asked about whether he supported the continuing resolution funding the government and the debt ceiling. here's what he had to say. >> i will be voting know if the democrats insist on combining the debt ceiling increase in suspension with the continuing operations of the government there is no calamity that will happen. if that were even a serious risk, don't you think the equity markets from last week rather than fully recovering after the scare that came out of china rather than fully recovering as they did, maybe they would've traded off. that's because millions of investors no that no such calamity will occur. what can happen is after a republicans vote no, chuck schumer will do what he could done months ago and weeks ago, what he could do tomorrow and that is he will amend the budget resolution so the democrats can pass the debt ceiling by themselves and that's what should happen. here's why. they are in the midst of an absolutely unprecedented very damaging spending spree on a scale we have never seen and they want us to come along and authorize

jonathan: did you hear what senator toomey had to say? he's tolerated a politicization of the fed wandering into the social and cultural areas with the fed does not belong. a curious one from the republican senator. a time when we don't know the chairman's future. anticipating something from the administration and the next month or so given that this term expires next year. tom: i'm going to signal a meeting, many months ago at the chicago fed. social policy, how original. jonathan: jim is going to talk about this at 8:00 eastern in about 10 minutes time. chairman powell version 2.0 is very different to chairman powell versus 1.0. what happened through 2018 and the federal reserve was hiking and shut down high-yield market in december? the chairman who came out of that was radically different. it predates the pandemic. there was a recognition at the federal reserve they made a mistake, they raised interest rates to quickly. there was much more slack in the labor market and they have been conditioned by the experience of the previous cycle

caroline: the top republican on the banking committee, pat toomey, has been very much a proponent ofo, for example, and pushing back against regulation by enforcement, as he called it. referencing -- i am interested --the director of the cato institute joined us. she did great work from any time but was on a gamestop hearing in february as an expert witness. she was saying there is a fine line for the sec to not stifle innovation. is that what the republicans are worrying about or is it more a capitalist tendency? guest: i think -- ben: i think it is both. a lot of what we heard from republicans were aligned with what industry lobbyists and financial trade goods in washington have been saying really for the past several months. also the crypto industry has been saying in particular, predating chair gensler, the idea essentially is that -- and you heard it from senator to me today -- if you come in with too heavy a hand, innovation, particularly in the crypto market, will leave the united states and go abroad or some of these projects will never take off and the republicans were sayin

take a listen to what republican senator pat toomey had to say about this yesterday afternoon on jaker. >> i think republicans will offer a clean, continuing resolution that funds the government. you know, i've discovered in this place what is described as a clean bill seldom is actually a clean bill but the gist of your argument, whether republicans would support clean funding, the answer is there would be a lot of republican votes for that. >> reporter: it's clear republican leaders do not want a government shutdown. they will work on that because that will hamstring their priorities. all of this is just a reminder that congress still has to do basic functions of government let alone tackle some of these other sweeping domestic priorities. >> appreciate her laying it all out. it's a lot to digest. >> i know. >> it's time for three questions in three minutes. let's bring in someone who can help us digest it. cnn correspondent john harwood. walk us through this first. what's a safe play? what are you looking for? >> well, it appears democrats made a significant progress because of the

i think senator toomey was pointing out that we would all benefit from clarity. i think the sec would probably agree with that. i think over time we can expect that we will see more clarity with regards to all digital assets. i expect that will reduce the volatility and the bitcoin space. it will increase public confidence. these are all good things for the industry. >> when using the biggest crypto platform out there, taking on the s.e.c., does that raise concern if you're just considering getting into this market right now? >> coinbase is the largest publicly listed crypto exchange in the united states. the other crypto exchanges were offshore. i would say coinbase is probably frustrated. they would like to see more clarity coming out of government regulators so they can figure out what they can do and can't do and they would like to see it faster. i think that is really consistent with the entire industry view. the industry would benefit from more clarity. i think the fact that coinbase came public was a good thing. coinbase doesn't offer the same range of pro

asked specifically by senator pat toomey where recent increase in prices is now less short term, moreong term and this is a change in his out look here. >> it is fair to say that it is mainly what we've seen is that the supply side restrictions where we've not only gotten better but in some cases gotten worse. look at the car companies and the ships with their anchors down outside of los angeles. this is really a mismatch between demand and supply we need those blockages to abate before inflation can come down >> the issues related to trading by two fed presidents that recently resigned did not come up in the hearings my colleague got one of the first comments on the issue from senator before the hearing >> i think the fed chair needs to revisit this and reinstitute, bring back or make clear by fed rules that the members of the fed, governors and fed president should not ever trade while they hold these jobs and frankly go the next step that is that they shouldn't hold corporate stocks. >> getting to what we started with, insisting were efforts to weaken banking rules and regulations

and today i am joining my friend, senator pat toomey, to reintroduce the full faith and credit act. this bill ensures that the u.s. government does not default on its debt while also prioritizing certain payments to our seniors, military, and veterans. it is commonsense policy like this that will move the u.s. forward and out of the massive debt crisis we're in. i welcome all fiscally responsible colleagues to join me in saying we don't accept the status quo. we won't watch in silence as democrats try to spend us into oblivion. we can get spending under control. while i was governor of florida, we paid down one-third of state debt by living within our means, all while cutting taxes. we can do it here. we have to start acting responsibly. the time to do that is now. politicians in washington want you to think this is so complicated. they want you to think that dysfunction is inevitable. that is a lie. it's a lie that a broken system and failed politicians up here have been telling you for decades. it's time for that to end. getting america back on track is simple. it starts with pass

national holiday is next week, there crackdown on crypto is what i would really align with senator pat toomeybig opportunity for the united states and a reminder of our structural advantage over china. in terms of what we have seen historically in what ed mentioned, it wasn't as large of a move as we have seen in prior times with market movements. we panic initially followed by a bad market recovery. for u.s. institutions across -- and we are seeing a much larger hit with a much lower by that -- buyback in the east. emily: who are the winners and losers? if you can get into some coins specifically, that would help us understand the situation. aya: that is a good question. what we were seeing, it was slower last two months historically. we saw seven times more volume today then we have seen across a number of weeks where we had a lot of conferences with traditional finance and cryptocurrency. layer winds are pop-up lines. you have spoken about layer ones in the past. ethereum things like avalanche and atom and luna in addition to bitcoin. then we are looking at renewed interest in tokens like

joe manchin coming from a pretty conservative and pat toomey coming from a conservative state got togetheriderable political risk to them and wrote a compromise that would save lives. >> truly the events at newtown changed us all. nobody could sit by and not try to prevent a day like that to happen again. >> i don't consider background checks to be gun control. it's common sense. >> the nra during that period had an ironclad grip on our political system when it came to the question of guns and gun violence in america. it takes the courage and resilience of somebody like gabby giffords to take them on. i started in her office january 3rd of 2011. five days later she was shot in the head from three feet away. >> congresswoman giffords is shot. >> made a miraculous recovery and went on to fight for her life and to contribute to public service once again. >> i've known days of pain and uncertain recovery. but confronted by this paralysis i put one foot in front of the other. in the aftermath of sandy hook shooting and the two-year anniversary of gabby being shot we threw ourselves into working

it does have to be like that, even though senator toomey said that's what gensler's doing. i like the fact that i'm looking for these brokers that don't charge commission and don't review off of payment order flow, people will very much dislike the term ripping off i do think that chairman gensler thinks it's a false dichotomy. >> do you think brian armstrong will think twice about threading again on twitter >> i think brian armstrong is cfo, hold mr. gensler in c contempt, and that's a very ill-advised strategy the last i looked mr. armstrong runs a private company and the purview of that company is chairman gensler so when you take gensler on, that's kind of like taking on the person who says let me tell you what you can do and not what you school me on i think that maybe mr. armstrong's going to be a little more circumspect going forward after that interview. >> we'll find out. >>> plenty of other things for us to keep an eye on this morning. i got to start off with our parent company stock which just cratered yesterday comcast shares down 7.3%, this after michael kakava

our first guest by the way, senator pat toomey and he

. >> senator toomey, i appreciate you being here today. you're recognized if you would like to make an opening statement. >> thank you, chair warren and i want to thank you you and senator kennedy for having this hearing. this is a fascinating and important topic. i would like to suggest as we consider a central bank digital currency in the united states, one of the fundamental questions we need to ask ourselves is what problem is central bank digital currency trying to solve. in other words, do we need one? it's not clear to me that we do. i know there's some who think a central bank digital currency would be helpful because it would enable the fed to provide retail banking accounts to americans. in my view, turning the fed into a retail bank is not a good idea. our retail banks do a great job of serving the needs of consumers because they compete with one another in the private sector. it's not just banks. rapidly evolving technology companies are expanding access to the financial system providing all kinds of financial products and serv

crypto or pro crypto is -- but what i'm saying there's almost this idea, in fact i think senator toomey tweeted something like this just a short while ago where he basically says this is a strategic advantage for the u.s. is the best thing that could happen for crypto bulls, china's crackdown because it makes those in the u.s. who might otherwise want to police this industry heavily think it could be a long-term strategic advantage to have the intellectual capital here. >> i would love to believe that but washington, d.c., has been increasingly aggressive in its stands to currency not only from the ftc but certain members of congress as well what this comes down to is, china banning crypto many, many time, doing this every year s since 2013 it's probably because banning is it impossible. again, this to me highlights the strength of bitcoin as a monetary system. bitcoin is the world's first and largest peer to peer electronic digital money system and the fact that it can't be shut down or curtailed by the ccp is strong evidence that it will continue to proliferate. the cny has been decli

our established publicist senator toomey to read, i almost had a bit of ptsd because home economics wasmy strength in school. i developed a lot of the talents that dash of what is old as an adult. i loved the cooking part but i i could not make the wraparound skirt in selling, the 101 pattern, as i couldn't on the day everybody wore their skirt i couldn't go to school because i didn't have one. i had some problems with it but when we used to cook in home economics we used to serve the boys on a silver tray. we would bring them are cookies and thinks. it's crazy, i know. i was in the thick of home economics, danielle. one of the things i i love, e from your book, and it's been recorded but it was one of my favorites, you wrote home economics was far more than baking lumpy blueberry muffins, selling throw pillows come or lugging a bag of flour a rat in a babya sling, to learn the rus of parenting. so it's not that so what is home economics? can you tell us your description of it? >> so home economics from its beginning, and today as well, is a field of study that starts in home but goes f

kathleen toomey. head of georgia's department of public health. who said several vaccination drives were disrupted, and one was actually forced to shut down. over threats from exile vaccine protesters. a spokesperson told the atlanta journal-constitution quote, aside from doing threaten themselves, staff realize that no one would want to come to that location for vaccination, under those circumstances, so they packed up and left. back with us again tonight the founding director of the national center for national preparedness, advises us on public health, he's also a professor of pediatrics at uber einstein college of medicine first of all the threats besides the fact that this is absolutely outrageous, i thought, if you haven't gotten vaccinated yet. chances are you are probably a little hesitant. you finally decide you're going to go. and there are threats there's harassment what do you make of what you've heard from the good doctor there? >> chris it was just stunning to hear those words in those reports. this whole anti-vaccine movement has re

the other thing i think that's not getting so much attention but very interesting that pat toomey, the republican senator from pennsylvania, took a real run at the administration's efforts to seal a big international tax agreement. and he is insisting that a big portion of that agreement is going to have to go through the senate for two thirds treaty ratification. that's a big outstanding legal question that's very uncertain. but i think the opening salvo in that debate. haidi: and evergrande was in the spotlight overnight again. but we're watching for this $45 million coupon due today. how concerned, though, are we about these private placement liabilities? >> it seems like we passed the peek of the concern. evergrande had not made a public statement regarding an interest payment that was due last week. and we know a 30-day grace period before the default could be declared. and the global market seems to have accepted that. yes, the evergrande, restructure its debt but the government will step in at some point to ensure -- to avoid a disorderly collapse of the company. so it seems lik

jonathan: republican senator pat toomey from pennsylvania over the weekend.new york city, good morning. tom keene, lisa abramowicz, jonathan ferro this monday morning. your price action slightly negative, off by 0.25%. it is worse on the nasdaq. the nasdaq 100 negative i 0.75 percent. yields are breaking out again, higher by three or four basis points. off the highs of the session, still close to 1.49%. euro-dollar might get your attention, a break of $1.17, down 0.2%. we are trying to put together some kind of coalition in germany following inconclusive elections over the weekend. in the commodity market once again, we add some weight to the crude price. five weeks of gains, and we had some. we are back through $75. tom: a move to $80 on brent crude. not there yet, but up to new highs moments ago as well. right now, joining us on the political moment and what it means for economics, finance, and investment, greg valliere joins us. always astute on the moment at hand. i am dumbfounded by democrats taking a victory now like it was 1964, 1965, with lbj. how muc

guests, chair of the house progressive caucus, pramila jayapal, and congressman josh gottheimer, pat toomey of new jersey who will talk about the policing reform end of negotiations, how that bill died. that's at 9:00 and noon eastern only on kcnn. until then, follow me on facebook, instagram, on twitter, on the tiktok @jaketapper. tweet the show@the lead. you can listen to the leadever you get your podcasts. we have a lead podcast now. our coverage continues with one mr. wolf blitzer right next door in the situation room. i will see you sunday morning. have a great weekend. >>> happening now, the donald trump big lie about the election, an arizona audit baselessly demanded by republicans backfires, reair firming president biden's win, and trump loyalists are hit with subpoenas by the january 6 select committee. i'll talk with bob woodward and robert costa who detailed trump's attack on democracy in their book. >>> also tonight, millions of americans officially have the green light to get covid-19 boosters, but the cdc director's decision is giving confusion. why did she okay shot frs front

like an archivist who founded on microfilm and then made a pdf of this special issue and senator toomey, and sure enough there was this one page interview with arthur sackler that he gave to like some tufts student journalist in the '80s in which he tells all these maiden stories that were never told anywhere else. what event is this story where he talks about how at the height of the great depression his father isaac sackler kind of loses everything and he gathers his sons around it and he says,, i'm not going to be able to pass on an inheritance. if you're going to become doctors you have to finance your own education. but the one thing i am giving you, the most important thing a parent can give you a child is a good name. what he meant by that was a name that has integrity and that stands for doing the right thing and for honor. and he tells them, like you couldn't make this stuff up, he says to his sons during the great depression, if you lose a fortune you can always earn another fortune but if you lose your good name you can never get it back. that was one of the things for me whe

senators bob casey, pat toomey, congressman john joyce, state senator pat stephano and representing theble, beautiful people of somerset county, a group i work with so often, commissioners gerald walker, colleen dawson, and pamela. for everyone, we truly appreciate you being with us today. on september 11, 2001, governor tom ridge arrived here to survey the crash site. one week later, he met with family members when they first visited this field of honor. in the following days, president bush summoned him to washington to lead this country's homeland security efforts. governor ridge wishes he could be with us this morning, as the families of flight 93 mean so much to him. when i spoke to him a few short days ago, he asked me to remind everyone that the kindness, generosity, and compassion displayed by all americans after september 11 remains vital to governor ricketts, you are indeed with us in spirit, and thank you so much for your support. over these years. [applause] truly, in the past 20 years, there is no question that the commonwealth of pennsylvania has been deeply involved in ho

it reminded me when i was a kid, my grandfather had a clipping he would save from the 1920s about toomeyf italians continue to come to america at this rate in 50 years our children will all be eating pizza for dinner i thought that was the greatest thing ever. >> i hear you spent time with jay cordon any car pool karaoke >> no, we didn't surprisingly he had a dream car, jaguar, so we tracked one down. that's kind of what the show is. we try to find the car maybe you had your first kiss in, maybe why your dad took you for ice cream. whatever it might be it's not so much the technical aspects of the automobile but the social implications. how did it change your life? what was it like first time you got to drive it, where did you go everybody has some kind of car story. celebrities open up right away. >> sixth season, familiar faces and, i hear, some new ones who have you got >> ashton kutcher, you mentioned seba sebastian, kevin bacon is on. >> sebastian is hilarious. >> rick ross you know, it's really fun. i find once you take politics out of the mix, everybody gets along pretty good. peo