downing me live with the fitch downgrade is wharton professor jeremy siegle.idiculous. the fed can always pay off the debt. the fed can print the dollars to pay off the promised debt. there's no possibility of a default. i said that when s&p downgraded in 2011. by the way, the market reaction was four times as bad as what we're getting today. i also said there's no way the government can default on the debt. in fact, over the next ten years we had the lowest interest rates in histoand i greatest demand for -- in history and it ain't going to happen. liz: what do you think of fitch's timing? they cited this, you know, fighting in congress between republicans and democrats, which ask very true. very true. we got very close to the debt ceiling deadline last time around. then they lifted it but, you know, it's been several months and that was june. it's weird timing, is it not? >> it is. it is very unusual timing because there's nothing -- news about the deficit getting word. we have a trillion and a half seth deficit and gdp not as bad as in the last four or five

that wasn't at the wharton school of finance and i had to go through a process. it is election interference. >> reporter: ahead of his surrender, trump agreed to a $200,000 bond and other release conditions including not using social media to intimidate co-defendants and witnesses in the case. this is the fourth criminal case filed against the former president this year. >> what has taken place here is a travesty of justice. we did nothing wrong. i did nothing wrong. and everybody knows it. >> reporter: trump continues to deny any wrongdoing in this case, and the others. >> it should never happen. if you challenge an election, you should be able to challenge an election. i thought the election was a rigged election, a stolen election, and i should have every right to do that. >> reporter: trump shared his mug shot on his truth social and x account, formerly known as twitter, with the words election interference and never surrender below it. it was his first tweet on x since january 8th, 2021, two days after the insurrection. the former president was not the only

they didn't teach me that at the wharton school of finance. and i have to go through a process of election interference. >> reporter: ahead of his surrender, trump agreed to a $200,000 bond and other release conditions including not using social media to intimidate co-defendants and witnesses in the case. this is the fourth criminal case filed against the former president this year. >> whats tha thas taken place i travesty of justice. i did nothing wrong. we did nothing wrong. >> reporter: trump continues to deny any wrongdoing in this case and the others. >> should have never happened. if you challenge an election, you should be able to challenge the election. i thought it was a rigged election, a stolen election and i should have every right to do that. >> reporter: trump shared his mug shot on truth social and x with the words election interference and never surrender below it. it was his first tweet on x since january 8, 2021, two days after the insurrection. the former president was not the only high profile person to surrender on thursda

took a mugshot, which i never heard the words mugshot, that wasn't -- they didn't teach me at the wharton school of financing. >> the worst humilination of donald trump's life. the mugshot, having to lie about his weight and having to comply with the law, as laid down by fani willis. also tonight, the usual suspects rushed to trump's defense. vowing to investigate the investigators. and threatening civil war. >>> but we begin tonight with the defendant id'd at the fulton county jail as p-01135809. this is the real donald trump. not the fictional character millions of people have been led to believe in. this man has never been a billionaire. he never was a brilliant real estate developer. the master businessman seen on the apprentice for so many years was a fiction, a creation of the show's producers. nothing more. but that fictional character was somehow able to hoist himself into the white house, and like many facades, this one was always going to crumble. yesterday, those 22 minutes trump spent going through the booking process in the fulton county jail must have been the worst humiliat

and 475 billion over the course of 10 years according to wharton.needs to decide this. not the administration? >> that is correct. it's just basic civics. with an amount of money like this, you need clear direction from congress. that's what was decided in the biden vs. nebraska case by the supreme court. the biden administration doesn't seem to have learned that lesson. they have issued two press releases. press releases are not legislation. and until they do it right, they can't make this kind of policy change. >> ainsley: okay. now, you say if we do, this we will take away the students' incentive to participate in the public service loan forgiveness program and other nonprofits. explain how that effects all of us americans? >> sure. there is a program that has been put in place in order to forgive loans after 10 years if you go into public service. if you work for charity or government. if we knock three years off of that, it makes it a little bit harder or less likely that people are going to want to work in those kinds of places. and that has a

took a mug shot, which i never heard the words mug shot that wasn't -- didn't teach me that at the wharton school of finance. i went through an experience today that i never thought i'd have to go through. >> let's take him at his word there. we do fact checks. we do context. but as donald trump has so often proven to be, "the washington post" said he's lied more than any other public government figure, and they track that. and yet right there you heard a kind of a blurted truth. watergate prosecutor nick akerman standing by. i'm going to ask him about that and how it relates to other people booked because it was almost like this person who was caught lying so much actually had to cough up his feeling about how it went. it's not fun. you can sell the merch. you can have some other staffer write an email where you claim to be just, you know, bring on the indictments. but then you heard it in his own voice. we can also tell you trump said it's not a, quote, comfortable feeling to get that shot. that was in a new fox news interview. defendant trump went down to georgia yesterday because he ha

and only because i did not go to the wharton school of finance do i know what a mugshot is.is good to see you, kristen. thank you so much. sara? >> all right. joining us now to discuss is former georgia state senator jen jordan and elliot williams. thank you both for being here. elliot, kenneth chesebro has demanded a speedy trial, but fani willis has said we're going to do this october, she's trying to set that for the date. what significance here is in this case being tried first? >> sure. chesebro going first means that he may well get a trial before everybody else but the mere fact that one defendant's trial is scheduled doesn't compel the court to be ready for all the other defendants. here is why, every defendant, no matter who they are, has a right to prepare for trial and be ready -- you know, to be able to get ready for trial. by forcing some of the other folks to trial you could actually be jeopardizing some of their constitutional rights. here is where you start to see cases or at least relationships between defendants fray, where they might have worked together a

took a mug shot, which i never heard the words mug shot that wasn't -- didn't teach me that at the wharton school of finance. >> reporter: mr. trump spent less than 20 minutes inside the fulton county jail where he was booked, his information already presubmitted, height, weight, and hair color, strawberry blond. he was then released on a $200,000 bond afterward saying he's only being charged because he's the republican front-runner. >> i did nothing wrong. what they're doing is election interference. >> reporter: with the deadline of noon today now passed, all 19 defendants have officially surrendered in georgia they are accused of running a criminal enterprise to try and overturn the state's 2020 presidential election results today, the first court appearance in the case harrison floyd was denied bond appearing by video from jail. >> there's no way that i'm a flight risk. >> reporter: meanwhile, president biden had this reaction to his predecessor's mug shot >> handsome guy. wonderful guy. >> reporter: trump's republican rivals are weighing in too. >> i mean, the idea that we're seeing a

. ♪ >> reporter: a wharton school grad, choi left the corporate marketing world behind to pursue breakingething that makes me happy. >> you're a korean american woman performing a historically black art form. what does it say about the culture's growth and the heights that it's reached, and in that same vein, what do you feel like you owe the culture? >> i've actually always struggled with my place in hip-hop because i'm a korean american woman, because i feel like i don't quite belong, i don't quite fit. what i've learned over time is, this whole culture has been so open. and actually warm and welcoming to me. it was really just me telling myself i didn't belong. because of everything i've gotten from it, i want to give back. i'm honored to be able to carry thissing hecy forward. honored to be able to stand on that stage and represent new york and the u.s. and breaking and hip-hop and all of that. >> reporter: history that began with an og like "the wave." now enshrined at the universal hip-hop museum in the bronx. what do you think about the olympics adding break dancing? it's going to

that wasn't -- they didn't teach me that at the wharton school of finance. >> reporter: the four felonyases, more than 90 felony charges, don't seem to have damaged trump's approval numbers. he still leads in iowa, first test for the republican candidates. now, back when trump ran for president for the first time he made a lot of noise over investigations into hillary clinton, though those never got as far as criminal charges. but trump warned us a candidate facing investigation would never make a good president. her current scandals and controversies, he said, will continue throughout her presidency. it is going to be virtually impossible for her to govern, and then he added, if she were to win it would create an unprecedented constitutional crisis. marcus. >> scott, thanks. >>> well, new at 11:00, hyundai recalling nearly 40,000 elantra "hamilton"evs, all due to a software error which can call the car to accelerate after the brake pedal is released. the recall is for hybrid sedan models from 2021 through 2023. if you have a recalled car, you will get a letter from the company. owners

then data for the trade shows, which is let's say that it was introduced much before that oven. lord wharton hasting became the 1st governor general of india, his vice lady hastings. she was profusely interested in plans. and so it is also saying that she brought it into india. gulf on wants to do something about the water horizons, while also finding a use for them. 2 years ago, the engineer gave up his bowman and job to found the non profit slip triple garter foundation using traditional graphs and the help of the people in the affected villages. he wants to turn the plans into a source of income. the investment automatically, we were already working with our team and the team from much learned to put in bundle going was part of our activities seems bringing the cookie we had already making the product leg lampshades, then snorted wilkes, everything since the last 5 years. why not do some research here? i'm mix something else. uninstall nation has already made several products from water higher since of to discovering by chance, just how much cellulose is in the plants. while cleaning the

then there are other detractors which did say that it was introduced much before that oven. lord wharton hasting became the 1st governor general of india, his vice lady hastings. she was profusely interested in plans. and so it does also say that she brought it into india. the girls on wants to do something about the want to hire, since while also finding a use for them to a years ago. the engineer gave up his bowman and job to found a non profit switched to the gartner foundation using tradition of graphs and the help of the people in the affected villages. he wants to turn the plans into a source of income. so i'm gonna want to invest, been going to make, okay, we were already working with our team. and the team from much learned to put in bundle going was part of our activities since the beginning. so i'm looking at because you're already making the product like lampshades, then ignored works everything. well since last 5 years. why not do some research here? i'm mix something goes on foundation has already made several products from lots of higher sense of to discovering by chance. j

i took a mugshot, which i never heard the words mugshot that wasn't didn't teach me that at the whartonool of finance . and i have to go through a process. it's an election interference. trump was fingerprinted and assigned an inmate number. >> his appearance and height recorded including, quote, blond or strawberry hair, blue eyes and six foot three, 215 pounds. an adviser saying those details were self reported to speed up the booking process, which took only about 20 minutes. trump posting $200,000 bail. he needed to post 10% of that in order to be released. >> and he did that, we're told, with the help of a local bail bondsman. >> and it marked the first time that a united states secret service motorcade has ever been inside the confines of a state jail facility. >> moments later, boarding his plane back to new jersey, trump defended himself, claiming he had the right to challenge the results of an election he believed was dishonest. >> but i thought the election was a rigged election or a stolen election. and i should have every right to do that, trump and 18 others are charged wit

wharton state forest. the flames are spreading two two counties. no injuries reported.risk. over to you. >> steve: thank you very much. yesterdayos "fox and friends," we told you yesterday about a democrat in pennsylvania, lawmaker ush approximating legislation for four-day work week. we got lots of responses from viewers. jeff landers, prosovereign plastics wrote us, we have 10 hour days, it works great, 32 hours would not work at all. they work 40 hours. not everybody agrees issue includes buddy floyd jr. and bud and he jeff join us to discuss. guys, thank you very much >> thank you, steve. >> thanks for having us. >> steve: jeff, thank you for watching and e-mailing us. explain why the four-day work week works for your plastic company. >> now we're a manufacturing company and one thing that makes you gos different than buddy's company, we were working three shifts five days a week, utilization on third shift was slim and working four days a week 10-hour days has been amazing success. we have a shift day where we shift and have people work monday through thursday and

borrowers would repay $470 billion in debt according to the and wharton model.loan forgiveness was expected to cost. paul: $407 billion. what legislative authority is the president calling for? >> 0, just waving it into magic executive order. let's get cynical about this. clearly after the first one was struck down by the supreme court, they are back and the point is democrats joe biden really want the college vote or the vote of recently graduated college students carrying this debt. the political question is by putting the subject in front of people so often will it build resentment as suggested with the first one among young people who are not having debt forgiven like that. they may have a mortgage they have taken on, the government isn't forgiving that. or people going to trade school to learn another trade. those lower middle-class voters resent what president biden is doing for graduate students and recent college graduates. paul: what do you think of jason, will they? jason: this is a subsidy for the middle class. or upper-middle-class. there is the sens

it is an invention of dentist william morrison and confectioner john wharton. was first presented atd's fair in st. louis under the name nitfei, right cotton candy. history of russia 1200 in 1706, peter established this title in russia and was the first to grant them boris sheremetyev for the suppression of the astrakhan uprising if i'm not mistaken, baron, no. maybe it's the count? this is the correct answer. but how can you drop less on golovin? but menshikov and golovin were counts of the holy roman empire, please, the history of russia for 1.500. he personally decided to send abdicated nicholas ii to tobolsk but kept the route secret until the last moment, the royal family was sure that he would leave for the crimea . it was alexander kirinsky fathers and sons for 1500. his father aizen, a famous poet in the prc , was declared the right element and forced to leave for the provinces. and he managed to sit. under arrest, already becoming a world famous artist. maybe it's ivey right? for 1.500 historian sergei solovyov said about him that not a single sovereign was distinguished by

didn't teach me that in the wharton school of finance. >> reporter: mr.mp spent less than 20 minutes there booked with information already pre-submitted. height, weight and hair color. strawberry blonde. then released on a $200,000 bond. afterwards, saying he's only being charged because he's the republican front-runner, i did nothing wrong for what they're doing is election interference. >> reporter: all 19 assailants surrendering trying to overturn the state's 2020 election results. the first court appearance in the case, harrison floyd, denied bond appearing by video from jail. >> there's no way that i'm a flight risk. >> reporter: meanwhile, president biden had this reaction to his predecessor's mug shot. >> handsome guy. >> reporter: trump's republican rivals are weighing in, too. >> i mean, the idea that we're seeing a mug shot of a 77-year-old former president. i mean, how did we get to this point? >> i think it is a shame that our nation is going, it's forced to go through these politicized persecutions. >> reporter: mr. trump is looking to turn i

i took a mug shot which i never heard the words mug shot, didn't teach me that at the wharton school of finance. >> former justice department official jeffrey clark and four other co-defendants surrendered overnight, that leaves two people yet to turn themselves in. more now from pailula reid. >> reporter: now that former president trump has completed his surrender here at the fulton county shire eriff's office, th next time he will have to return is for his arraignment. fani willis has said she would like to do the arraignments for all 19 defendants the week of february 5. and in the federal cases, it all happened at once. but here in georgia, things happen at a slightly different pace. now, after that initial week or two of arraignments, the defendants actually have a short window of time to file certain challenges to their case. several defendants, including mark meadows and former justice department official jeffrey clark, they have already challenged their cases trying to get the state level cases moved to federal court. the former president has signaled that he will likely try

>>, by the way, that is correct, that, you know, wharton business school did a case study on this capitalen a big proponent of esg, if you look at esg. the environment. social means human rights, xi governance means how do you run your books can you be audited, leaves stun questioning maybe three reasons why there should be no chinese companies, in esg called e, s, andg. >> a great point your take on what biden administration can do keith we've been hearing about this executive order, that the biden administration is coming out with i think i am hearing about this at least six or eight months this administration seems sitting on, are we ever going to see any headline that the white house, is putting some limitations in place, for investors to not fund the expansion of our number one adversary? the chinese communist party? as their surveillance programs on america and military are underway? >> i sure hope so maria. i know, one of the big things is these chinese firms on u.s. stock exchanges they don't have to obey the rules that other companies do, i think these companies public they don't

a pen wharton budget analyst saying it was mostly other factors that brought inflation down.ust not been a significant factor. republicans in the meantime are blasting democrats for taking a victory lap while families are still being crushed by high prices. >> that's not bringing down the cost of energy nor inflation. it might be off a little bit, but people are still paying more now and probably will continue to pay more for all their cost of goods and service and everything they need including groceries. reporter: stuart, republicans were hoping to use the threat of a shut down at the beginning of october as a way to get a lot of spending cuts agreed to but really they're kicking the can down the road with a short term spending fix, putting it off until potentially december. stuart. stuart: i got it, thanks, hillary. ashley, come back in again. we have something for you. you've got something for us actually. an embarrassing moment for nancy pelosi at the white house. tell us what you got. ashley: if you're giving a sense of aloha speech about inflation reduction act and the

the penn wharton budget model say it would cost taxpayers $475 billion extra. the changes announced would increase the cost. the department of education spokesperson telling me that students can go to student aid.gov right now and apply for the beta testing plan of this new student loan payback. >> bill: we'll see if it flies now. edward lawrence, fox business. >> dana: protestors rally in the haitian capital days after an american nurse was kidnapped on the island. the nonprofit where she worked identifying the woman originally from new hampshire. she and her daughter were grabbed from the organization's campus last week. the state department commenting on the abduction. >> we're aware of the reports that two u.s. citizens were kidnapped in haiti. the safety and security of american citizens overseas is our highest priority. we are in regular contact with the haitian authorities and continue to work with them and the u.s. government interagency partners. >> dana: jack brewer, founder of the brewer foundation. wonderful to have you here. for the viewers, explai

cheryl: penn wharton 475 billion-dollar price tag, your reaction?ng, this administration is corrupt on every level, they are trying to sell out the white house by giving handouts. i come from a working-class family, most of america's working class, i scrap my way through college it took me a long time to finish, i paid off my debts that's what we have to get back to is accountability you to get alone, go pay it back, i'm sorry but the government is not here to bail you out in all this does is add more pressure to the economy. if the government puts more money into the economy, then the economy can produce on its own which is all the stimulus packages are doing and all the bailouts are doing, you could have inflation so were not to see relief on american family until we cut the spending, until we stop the pandering and biden is an abject failure, let's be honest. >> as you know congress controls the purse strings, the house is your role and your committee. congressman andy ogles, it's good to see you. we have a lot were coming up this morning, about

that's according to the penn wharton business model.9 billion in student loan debt last month. that prompted a lawsuit. i think here, martha, it's same to expect more push-back ahead in response to this recent letter from the 90 democrats. republican representative lisa mcclain from michigan that serves on the committee for education and work force, she told fox business, they, the democrats, want to cancel loans and make american taxpayers flip the bill. it's an abuse of power at the highest level and i will fight them to the builter end. the democrats are pushing biden for more debt forgiveness. the timeline, they want it by early 2024. that's a campaign issue. they need it before the election. >> martha: we had numbers that we worked on for the debate. i think 62% of those polled said they like this plan. some people do like it. that's why they want to get this done before the election. it's been a popular program although there's a lot of opposition to it as well from people that as you point out believe they will pay for it one way

buses now moving that migrants from the wharton expo s center.onsideration -- chess federation says transgender people cannot compete until they come up with rules on the gender change. a decision could take up to two years. a new british study shows the popular chatgpt intel service has a significant liberal bias. the a.i. tool answered a series of questions with a left-leaning political in. researchers say it could lead to a real concern this summer down the road. the test can't -- discount and maui, still a thousand people unaccounted for. an independent probe into the cause will soon be underway. international correspondent william la jeunesse is live on the island of maui. william, good evening. >> reporter: good evening to respect the blame game and the heads have begun to already roll. the head of maui's emergency response just reside at the head of the state's water commission who denied an emergency request for more water for firefighters, well, he just got reassigned. the blame game has just begun. as the search for victims intensifies

a mugshot, which i never heard the words mugshot, that wasn't -- they didn't teach me that at the whartonof finance. and i have to go through a process. it's election interference. >> former president trump is calling it election interference, continuing to attack the fulton county district attorney, fani willis, but he did say this was a terrible experience. i want to share some reporting on the mugshot. i know donald trump's team had discussed what they wanted him to look like in that mugshot prior to him going to the jail and taking it. they had discussions about how he should appear. ultimately the former president decided he wanted to appear "de "defiant" rather than smile and give off the impression that he takes this seriously. he's frustrated about this. he had to go through this process four times. he had never had to take a mugshot before, but he is not enjoying having to come forward and go through these types of experiences. i think you can see that. he's starting to have some of that leak out in his public media interviews. >> it's hard to imagine anyone would enjoy this. cle

. >> wharton's jeremy seeingle what he sees ahead for the markets.k on the street" when we come right back iegel, svb, sl >>> good thursday morning. welcome to another hour here of "squawk on the street. i'm sara eisen with mike santoli. we are live from post nine of the new york stock exchange. carl and david have the morning off. take a look at stocks attempting to rebound just a little bit not convincingly here. up 0.1% on the s&p energy, materials, communications, services, and industrials are leading us higher financials are up as well, but tech can't catch a bid really and health care is under pressure as well that's why the nasdaq is back and forth, positive-negative territory this morning we're tracking for a down week s&p down almost 2% heading into friday here. >> about 4% from those highs of the last month or so we're 30 minutes into the trading session. here are three big movers we are watching cisco shares in the green, rallying on a rebound in orders, despite an outlook that came in below some estimates the stock up 4% at the moment. cv

our special guest on this friday, wharton school professor jeremy siegel. you have been with us on a bunch of fridays, professor, which i love. it gives us a chance to sum up what's happened in this stretch ahead of us. today it's all about the fed chair. what did you make of the speech? and what do you think this market reaction now says about it? >> first of all, there was really nothing new that he said in the july fomc meeting. in fact, i was disappointed because what's happened in the market, as we all know, is that yields have risen, real yields have risen, real growth has risen, and the reason that real growth has risen is because productivity has been so strong. he didn't address any of that. he seems almost stuck in that mode, real growth is higher, that means more workers, more pressure on wages, we might have to go higher, and that's not the story. the story is we are getting a real growth higher because we are getting productivity higher. in fact, the labor market is slowing down. i mean, expectations for next friday are, what, about 160, you kn

this idea he throws out there that's he's a regular dude just born into billions, boarding school, wharton, joe six pack with a gold toilet and his name on every flat surface he sees. [ laughter ] he's one of us! this is funny to watch, because, while on the one hand, trump is ecstatic they found documents at biden's house. but it also reminds everyone they found 15 times as many documents at his house. so now his goal is to make it seem like the golf mausoleum he lives in in florida is some kind of fort knox. >> and one for the corrupt political class, of which there are many. at the very same moment when my ultra-secure mar-a-lago home was raided by the fbi, joe biden was harboring classified documents in his china-funded penn center and his unsecured garage, right on the floor, piles of paper, the floor was probably very wet and damp, as many garages are. [ laughter ] >> jimmy: he really takes you on a journey of the imagination, you know? [ laughter ] first of all, the thing about "piles of paper on the floor." he made that up. he doesn't know that. and what if the documents were damp

now, this is how it breaks down, according to the pen wharton budget model. 200 of that would hit this, and another 275 billion over the ten years for the new loans where payments are reduced. plan called save on a valuable education or save, means people only pay 10% of their income after food and housing on student loans. the president has reduced the number to 5% if you make 32,000 or less, you pay nothing on student loans each month. the president unveiling this plan in a campaign-style video. >> say it again. as long as i'm president, my administration will never stop fighting to deliver relief to borrowers and bring the promise of college to more americans. and that's a commitment. >> the president touting he has already forgiven 116 billion in student loans for 3.4 million americans. now, this confluence of programs comes after the u.s. supreme court rejected the president's one shot plan to forgive 440 billion in student loans. >> all these people living their everyday lives who are struggling to do the right thing and joe biden is not showing up for them. i would venture to sa

they didn't teach me that at the wharton school of finance. went through an experience today i never thould i'd have to. >> the arraignment for trump's codefendants is set for next wednesday, september 6th trump filing a motion to sever his case from the other defendants. the lawyers saying he won't have enough time to prepare for the october 23rd trial date, which was set after his former lawyer asked for a speedy trial. three of trump's codefendants pleaded not guilty and waved their appearance. to date, more than 1,000 people have been charged for crimes stemming from the insurrection on january 6th. most of those in federal court in washington. a proud boys lieutenant joseph biggs was sentenced to 17 years in prison today for ze decision conspiracy. that's the second longest sentence to date. it's short of what the doj requested. they wanted 33 years. enrique tarrio's sentencing will take place next tuesday. this is not a full accountability. there are still member of congresss and other official who is may have played a role in january 6t

they didn't teach me that at the wharton school of financech and i have to go through a process -- electionetter than anybody. you covered it so well. it's a very sad experience, and it's a very sad day for our country. some of the other people -- now, i don't know a lot of those people. i don't even know i've met some of those people, but their lives are destroyed by these maniacs. these are vicious animals that have destroyed the lives of those people. and greg, it's so sad and they don't have a lot of money and some of them almost nothing. they don't even know what they're being charged for. >> joining us now legal fellow and correspondent for law fair, ana bower. ana, it is what it is trump says, but ken chesebro has filed for a speedy trial. trump's team is seeking for him to be tried separately because they want a different timetable. maybe it isn't what it is. how do you see that playing out? >> right, so ken chesebro has filed for a speedy trial demand. in fulton county usually what that means is about four months after that demand you are supposed to be brought to trial or else tha

they didn't teach me that at the wharton school of finance. i had to go through a process. election interference. >> and you can hear it in his voice. he is, obviously, not excited when he is talking about having to go through this and dealing with this. but i will say his team was very happy about the fact that that mugshot looked the way it did. they started fundraising off it and already put it on twitter trying to take control of that media narrative. >> thank you. joining us now former attorney for the house january 6th committee, cnn senior analyst elie honig, host of the of "the axe files" podcast david axlerod and a former senator testified in this probe. david, you are so good at giving us the big picture of where we are. i believe so many people have become numb to this. this has never happened before in american history. a mugshot like that never happened before. >> no. i mean, it's stunning as has been every chapter of this sad saga. but the thing that is concerning, poppy, to me is that we had a bunch of candidates stand on a stage the other night and even if t

>> yeah, he's a retired he's the wizard of wharton. he says 30% chance of recession. but stocks will be make new highs because the economy is good. economy is good. then we have while jobs are there than the economy is good because we spend of the economy is we work in system of capital is more hits. the bottom line more often, not with earnings, which helps stock market. i don't think he's off base, i think is actually pretty smart and reassuring. i followed him for 25 plus years i'm more like him than i want to be clear. do you want people be a little different than me? but i think you see preaching reason here. >> and then i do mean stocks have made headlines in the past. it relies tupperware, though, was one. now what's going on with that? >> a little bit of a tupperware 800% in 2 weeks. time. i would avoid its was companies that's teetering on bankruptcy. and it got onto the reddit platform and people are starting to talk about it to the it's got a lot of short interest. so fundamentally. poised for pop. if anyone showed interest in i just think that's interestin

that wasn't -- they didn't teach me that at the wharton school of finance. >> the former president flaunted that photo, his mug shot on twitter, now known as x, just two hours after he surrendered. trump posted it with the caption never surrender. it is the first time he's posted on twitter since he was banned after the january 6th insurrection and later reinstated. and new overnight, three more of trump's co-defendants have turned themselves in including jeffrey clark. that means that all but two of trump's 18 co-defendants have now surrendered before the deadline, just five hours away from that, it is noon today. >> we have team coverage this morning. a lot to get to. zachary cohen for us live at the fulton county courthouse. let's begin with kristen holmes near trump's golf course in new jersey where he returned very quickly, kristen, last night, right after very quickly getting out of jail after being booked. what can you tell us about his mood? the reporting that he intentionally looked defiant in that mug shot is really interesting. >> reporter: good morning, poppy and victor. we know

heading into the final hour of trading and we're getting pitches downgrade of the credit rating from wharton

they didn't teach me that at the wharton school of finance. >> tonight, new evidence of a party who supported a indicted front runner. also codefendants rambling to separate from trump in the fulton county. will donald trump be held accountable for a coup attempt before election day? >> to that end, my office will seek a speedy trial in this matter. >> what to expect from the big hearing in d.c., when all in starts right now. good evening from new york. i'm chris hayes. by now i'm guessing you have almost to the seen donald trump's mugshot. he was arrested yesterday evening on fulton county, georgia. on the washington post, as well as the new york post, the new york daily news, and i would imagine countless others around the world. here it is, donald trump, identification number, p 01135809. that's a number the ex president was assigned when he arrived at atlanta's notorious fulton county jail, also known as the race streak jail, a it's overcrowded and has been under lawsuits for its conditions. a little after 7:30 pm last night. he was arrested, booked, fingerprinted, mugshot was taken, and

they didn't teach me at the wharton school of finance. in my whole life, i didn't know anything about indictments and now i've been indicted like four times, and all by the radical left, and it's in coordination, absolute in coordination with the justice department. >> reporter: and so you heard what he had to say there. now, keep in mind, he is not the only defendant. there are of course 18 other co-defendants. the majority of them have turned themselves in. there are still a couple of more that still need to come to the fulton county jail by noon today, so they've got less than two hours now to turn themselves in. the sheriff did say that he believes -- in a statement he said he believes everybody will comply with this deadline and surrender by noon today. >> it was such an odd or surreal moment to see the former president surrounded by barbed wire and guards to turn himself in to this somewhat notorious jail, right? what was your reaction? >> all of this was in my opinion corruption colliding with consequences. everybody's been talking

the penn-wharton budget model says the cost of the act ballooned from $340 billion to $. 5 trillion overyears because of the implementation. republicans calling it a budget buster. >> that's not bringing town the cost of energy nor is it bringing down inflation which, as you can see, it might be off a little bit, but people are still paying more now and probably will continue to pay more for all their costs, goods,s services, everything they need including groceries. >> reporter: and the message from the white house is that the inflation reduction act is helping middle class americans. you know they'll vote next year about how they see bidenomics. elizabeth: edward lawrence, thank you so much. let's bring back from house appropriations congresswoman ashley hinson, economic expert jon lonski. thank you so much for helping us out tonight. you know, first to you, congresswoman. if the inflation reduction act is so great, why don't we see democrats barnstorming the nation about it? >> right. well, they're certainly not running on it because it speaks for itself. this anniversary of the infla

for donald trump, he claims that he did not know what a mug shot was because he went to the wharton school, according to donald trump himself, talking to news max last night, if you didn't know what a mug shot was, he does now. it's a quick process inside of the jail here, and one that shut down all of the streets and the jail. one normally open for 24 hours. >> talk to me about fani willis, this idea that kenneth chesebro might have been trying to call her bluff by asking for a speedy trial. what do we know about the preparations she's done for this, and what her office is currently doing as all of this stuff begins to get processed? >> look, this investigation has been going on since fani willis took office, since she first heard that infamous phone call between donald trump and brad raffensperger, she joked she wished brad raffensperger didn't live in fulton county, but he does. this is her territory. they have interviewed 75 witnesses for the special grand jury investigation, and compiled who knows how many documents and reams of information, so she's ready, and i think we saw that whe

they didn't teach me that at the wharton school of finance. >> so, keeping them honest however that works with this. it's hard to imagine that someone who grew up in new york and counted mob lawyer roy cohen has one of his close friends had never heard the words mug shot before yesterday. harder still to imagine when you see the t-shirt business political action committee was hawking at up to $1,000 a pop back in april, the one with a fake mug shot of him on it. even harder still when you listen to the conversation he had a few weeks before that, the one in which he clearly did hear the words mug shot from his friend, sean hannity. >> you'd be arraigned -- >> yeah. >> that there would be a mug shot, you'd be fingerprinted, and maybe even handcuffed. now, when you think about being at 1600 pennsylvania avenue and juxtapose it to that, how do you deal with that? >> well, i deal with it. we're dealing with very dishonest people. we're dealing with thugs. we're dealing with people i actually believe hate our country. >> you would be arraigned, hannity said, there would be a mug shot, to which

that wasn't -- didn't teach me at the wharton school of finance. i went through an experience today that i never thought that i would go to through. but then i've gone through the same experience three other times. in my whole life, i didn't know anything about indictment and now i've been indicted like four times. >> all right, let's discuss this and monther with eva mckend, eli stokols and mario parker and margaret talev from axios. so a lot about -- this is a historic moment. we've been saying this a lot because there is a lot of history made this year including first mug shot for a former president here. this is how john bolton, trump's former national security adviser described that mug shot. >> he could have smiled. he could have looked benign and instead he looked like a thug. and i think it is in tended to be a sign of intimidation against the prosecutors and judges. >> clearly a trump campaign trying to capitalize on this. does it have an impact on the race. >> when your slogan for surrendering is never surrender, it encapsulated the theme

it is what it is, i took a mug shot, which i never heard the words mug shot at the wharton school of finance. and from newspapers to campaign merch, trump already fundraising off the iconic image, turning it into shirts, mugs, car decals, the punctuation mark on an explosive week. legal experts are raising serious questions about a bigger constitutional question. is he really still eligible to hold office? we'll talk to one of those experts later in this hour. but i want to begin this hour with this. when donald trump was president, he had a secret service name, mogul. now, in the fulton county criminal system, he has a booking number, 2313827. and while last night marked the fourth time he surrendered on felony charges, it is still shocking to see a mug shot of the former president of the united states, a very visual and enduring symbol of the merrill he faces before leaving georgia he once again proclaimed his innocence. >> it's election interference. i want to thank you for being here. we did nothing wrong at all, and we have every right, every single right to challenge an electio

they didn't teach me that at the wharton school of finance. whole, life i didn't know anything about indictment, and now i've been indicted like four times. and all by the radical left, and coordination, absolutely in coordination with the justice department. >> interesting, didn't know anything about indictment. this is a guy who took a full page ad in the new york times, new york newspapers, calling for the death penalty for the kids who were known as the central park five. want to get to our panel in just a moment, but first i want to go straight to nbc news correspondent vaughn hillyard. he is live in atlanta for us tonight. vaughn, that was an eventful night in georgia, in part because things went a little differently for donald trump than they have gone in the last three times that he's been indicted prior to this. >> right, this time, he was truly treated like other defendants were. in going to get that mugshot, that is a shot that is one ally of donald trump told me, will be the most iconic shot, photograph in american history. for don

i took a mug shot, which i never heard the words mug shot at the wharton school of finance. i don't let it bother me. it is what it is, it's a horrible thing. and really it helps that you know when you have poll numbers like this, that means the people understand it. >> reporter: it is what it is. that's what the former president is saying, chris, and i spoke with several of his supporters here right in front of the fulton county jail. last night, just moments after that mug shot was released. one of them telling me that it looked like an album cover, essentially, you know, showing that many of former president trump's supporters see it as a rallying cry, and certainly his campaign hopes that it will help him get elected in 2024, chris. >> gabe gutierrez, thank you for that. >>> the former president is now fighting to push his trial back in multiple cases, as a matter of fact. nbc's ken dilanian is following all of that for us. walk us through this very crowded calendar, ken. >> yeah, at this point, chris, donald trump's most important legal strategy is to seek delays in all

they didn't teach me that if the wharton school of finance. and i have to go through a process.tion interference. >> mr. rambo, you talked about what mr. floyd was going through tonight, and what you say the unsanitary, often unsafe conditions inside the jail. to believe the former president would have seen any of that? a wooden special steps have been taken? >> i would like to imagine again because we're dealing with a person who was the former president, regardless of who that person is, that he would want to give them -- he is still a part of the national machinery, so you don't need him to be in any type of peril or harm's way of putting him with other inmates. i'm going to imagine, and i don't speak for the sheriff or the agency, but i'm good to imagine that they probably did clear out the area, and i look to the historic unprecedented timeframe they took him to get booked in, and was right back out. so i can't say what he actually may have seen. but what troubles me is that this is a precedent that whatever happened in that booking office, i hope that it will go forward in