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July 26, 2022
Again, largest in quite a long time. and then the guidance that the fed gives tomorrow is going to be increasingly important. are they going to stay as on strict a course of interest rate hikes beyond tomorrow as they have been over the last several weeks. even though were seeing signs and well see them on thursday when that gdp report comes out that the economy is slowing in a very noticeable and measurable fashion. >> ron insana, stephanie ruhle, thank you both very much. appreciate it. next u...
July 26, 2022
Democrats are here in the snathd and healthy next week. theres a same-sex marriage bill with a cloud of uncertainty. doesnt have the votes needed to break a filibuster. lisa murkowski is leaning toward it and not clear where the other five come from and mitch mcconnell said they wont announce how they vote until chuck schumer doesnt want to bring it up without the votes. theres a resolution to admit finland and sweden into nato and in the house they could vote on a tiger king bill. you heard tha...
July 26, 2022
With bipartisan infrastructure, the work thats done on gun violence, the small businesses created last year and those things combined with obviously the specter of trump 2.0 in the offing is something that could fundamentally change i think the shape of the electorate. >> yeah. it is interesting to see who votes. you spend time researching young americans. i want to play the comments that republican senators played about the marriage vote specifically. >> im looking at the bill and probably will...
July 26, 2022
These are just the latest of a wave of covid diagnosises. minnesota tina smith just returned from quarantine yesterday. and this latest outbreak threatens to derail the democrats jam-packed agenda and an extremely critical time. before leaving for a month-long recess in about two weeks, democratic leaders hoped to pass a series of long sought-after items. those includes bills to lower prescription drug costs, codify same-sex marriage and boost domestic production of computer chips. but with some...
July 26, 2022
Cleared the senate moved forward on an overwhelming vote of 64-32. it would make a major investment in semiconductors and science and technology. it is on a glide path to passing the senate and could happen this evening. its likely to head to president bidens desk after it passes congress. full. then the prescription drugs and aca funding bill and left of president bidens agenda and the two provisions that senator manchin is willing to do and democrats hope to get this done next week with cleara...
July 25, 2022
What? >> well, thanks for having me on. i think the state of the economy is demonstrating resilience in the face of very significant global economic challenges. as the report just shows -- underscores, we need to take action to make things more affordable for typical families. good news on gas prices, in part of the action this administration has taken, weve seen gas prices come down significantly. about 70 cents over the last month and a half, but we need to do more. congress is going to be con...
July 25, 2022
Transitory. larry summers knows the truth. >> i think there is a very high likelihood of recession when weve been in this kind of situation before, recession has essentially always followed when inflation has been high and unemployment has been low. soft landings represent a triumph of hope over experience. i think were very unlikely to see one. >> that was a dig. they are cuddling hope over experience. house judiciary committee ranking member jim jordan in a moment. lets go outside the white ho...
July 25, 2022
Capitol hill said to lawmakers wuss was that this is a national security issue not wanting foreign computer chips in the u.s.-made weapons so there is an urgency on capitol hill. it looks like they will get it done. another bipartisan victory here in the united states senate happening this week. it will pass the senate midweek and go to the house of represents which said they are poised to pass it and send it on to president bidens desk. at the same time there are a number of other issues they t...
July 24, 2022
Sanders said he doesn't hear from people about the need to help the semiconductor industry.
July 23, 2022
Global chip shortage over the past two years has transformed the business