your son, hunter, is on trial , and i know you can't speak about an ongoing federal prosecution. but would you accept the jeannie rhee jerry'soutcome no matter what it is? have you ruled out a pardon for your son? >> john: president biden making it clear he will not pardon his son if he is convicted in the federal gun trial as prosecutor's rep of the case and the gents put the first witnesses on the stand. the court in a lunch break right now, but we are learning the president's brother, james biden, is expected to testify, and naomi has already taken the stand. >> sandra: we will bring you a live report on that and just moments. we also have an all-star lineup to take us through today's proceedings. jonathan turley, mercedes colwin, and mark eiglarsh are all on deck. >> they could have brought the case seven years ago. it's only when you run for office they bring cases. right after the announcement of this, more campaign funds were given to this campaign then any campaign, they think, and history. almost $400 million. 400. >> john: former president trump praising his postconviction fund-raising numbers at a rally in arizona as he kicks off a west coast swing that includes a visit to the deep blue state of california. i'm john roberts in washington. sandra, he left early. i was waiting to hear what life was like for you in the 1980s. >> i was born in the '80s and i don't know. i think i enjoyed all the colors and fun hair. great to be with you. i did sprint up here and i'm happy i made it. i'm sandra smith in new york and this is "america reports." the former president also in his campaign speech failing to rescind border policies if he wins the white house. >> john: karl rove will join us on brand-new polls that show travel for president biden. >> sandra: we begin with alicia kenya in phoenix for us. hello, alicia. >> hi, sandra. hi, john. former president trump is using this western state swing to turn that conviction into california gold. last night tech investors and hosts of the all-in podcast held a private fund-raiser in silicon valley. fox news confirming that haul at $12 million. fox news digital has confirmed in march they met with republican senator j.d. vance and donald trump jr. in d.c. this was the first time he said he was all in for trump. this was first reported by "the new york times," and last night on x he posted he is endorsing trump, writing, "my main reasons rest on four main issues i think are vital to american prosperity, security, and stability. issues where the biden administration has veered badly off course and where i believe president trump can lead us back. those issues, the economy, foreign policy, war in ukraine, the border, and lawfare." last night's fund-raiser is in addition to the post verdict war chest that trump has already amassed, $141 million in self-reported funds from the campaign and also the republican national committee, plus $150 million from organizations backing the former president. that number does not include the leading super pac supporting trump's campaign, which reported raising nearly $70 million. sandra, trump still has fund-raisers today in southern california, today and tomorrow, then he heads to nevada. we are still waiting to hear from the biden campaign on its main numbers. we do know that it does have a big time flashy hollywood-style fund-raiser coming up with headliners of george clooney and julia roberts. sandra? >> sandra: will be watching it. alicia, thank you. john? >> john: sandra, the united states economy added 272,000 jobs in the month of may, beating the expectations as the employment rate edged up to 4%, the highest level in more than two years. jared bernstein is the chairman of the white house counsel of economic advisors and joins us now. with this job number that came out today, you get the idea that things are looking really good, but take a look at this in terms of inflation and what the american consumer is feeling. groceries up 20%, gasoline up 45%. energy costs of 38%. consumer prices up 19%. credit card debt up 44%. real average hourly earnings down 2.63%. so when the president touts bidenomics and says everything is great, do you understand why people at home aren't feeling it yet? >> well, john, we know we have one of the most persistently strong labor markets this country has ever seen. not only is this labor market continually offering up large numbers of good jobs to working americans. as you said, 272,000 jobs in may. the expectation was for well below that, but we are also seeing wages beat prices. let me talk about that for a second. over the last three months, years grocery price inflation. 0%, 0%, negative 0.2%. over the last year, inflation of 3.4%, wages that more than 4%. wages are beating prices. what you said is true, prices are still too high for lots of households who are definitely struggling with those prices, but in terms of their buying power, particularly when it comes to groceries, the price of gas is actually down from what it was a year ago. progress is being made in the right direction and i just had to stay on this track. >> sandra: let's get this one out of the way because they spend fact checks on inflation. the president makes claims like this. >> i think inflation has gone slightly up, 9% when i came in. it's now down around 3%. >> the president continues to claim that it is down from when he took office, and it's just not. "the washington post" gave that four pinocchios. it was actually 1.4% when biden took office. so why do we see this administration continue to make those claims when really inflation is still almost double what it was when he took office? >> certainly the president knows the numbers you just said. what he was talking about there was, yes, when he got here, inflation was as you said, but at the end of that year, by the way, it was about 7% headed for 9%. so what he was talking about there is that the forces were clearly in place. by the way, this was pandemic-era inflation. if you look at every country, every g7 country, we all have the same amount of inflation. what we did was and up with the most growth and, as we are talking about today, a job market that continues to deliver. it is unequivocally true that inflation is down from its peak of about 9% to around 3%. the 60% plus decline in the rate of inflation. and that's helping. but our work is not done, because we have to do all he can to cut costs, continue to cut costs in health care, child care, housing, junk fees, and if you look at that agenda, our opposition wants to roll back every one of those measures which would raise costs in those areas. we are going to stay on our cost-cutting path as aggressively as ever. >> john: jared, let me get back with you on that again. i would like to try to be as accurate as possible, whenever possible. the president said, "i think inflation has gone slightly up, which was at 9% when i came in." is that a factual statement? >> you cited the inflation numbers in january of '21. the president knows that number, i know that number, you know that number. >> so i did he say it was 9% when he came in? "when i came in" would be january 20th, 2021. >> i don't think it's particular helpful for us to continue to bandy this about. i'm telling you what the president meant and also telling you the numbers he cited are ones that we are all very well aware of. i think the important point there is that the forces, the pandemic-induced forces that pushed inflation up to 9% were very much in place when this president got here. he gets here, immediately takes action, including forming a supply-side disruption task force that i was a card carrying member ads that help to get inflation down from that 9% peak all the way down to where it is now. our work is not done. we still have room to go. but we are actually seeing costs decline, whether it's health care, insulin, some clean energy product. certainly in the junk fee space. and every one of those cases, our cost-cutting agenda is targeting helping working americans deal with a set of prices that we acknowledge are too high. >> sandra: i appreciate that answer. to be fair, i think people get the sense that they are being told this was unavoidable inflation. the inflation we are still living through today. >> that's a really good point. let me speak to that. is inflation avoidable or unavoidable? probably one of the best ways to look at that is to look at every advanced economy. every advanced economy -- in fact, the g7, italy, they euro area, french, the u.k. -- >> sandra: but we have the gold standard. >> let me finish my point, and then you can push back. if you look at the accumulative inflation, every one of those countries -- i have a graph of this i will put on my twitter feed as soon as i get back to the office -- they are all about the same. they are all about the same amount. where we stand out as an outlier is when it comes to gdp growth, where we've done much better than the rest of the pack. they are more exposed to the war in ukraine, so that's part of the story, but the fact is -- i don't know that inflation was avoidable or unavoidable, but what is in common between all of those countries connect the pandemic. this was a pandemic-induced inflationary surge, and question related case. >> sandra: i'm sure you've done your own assessment as an economist. you can crunch the numbers. whether it was unavoidable or it wasn't, what have you concluded? >> unquestionably unavoidable when it came to a pandemic-induced recession that basically shut down global supply chains. that was absolutely a recipe for higher inflation, and one way we know that, we sought not only here but in every economy exposed to that. >> john: so, the trump tax cuts. if president biden wins a second term, the trump tax cuts will sunset at the end of the first year of his second term. the president speaking to the union of electrical workers said that he would let those tax cuts expire. this is what he said. >> it's going to expire. if i'm reelected, it's going to stay expired. hski when he pledged not to raie taxes, but if the trump tax cuts are allowed to expire as joe biden says they will, it will for a family makes an average of $75,000 pay an additional $1500 in taxes. it would make main street businesses pay 43.4% tax rate, and it would cut by 50% the current child tax credit. so how is that in any way, jared, not raising taxes on people making $400,000 a year? >> really important question, john. i'm very glad you raised it. this president has consistently pledged not to raise taxes on anyone under $400,000 of family income, and he has always kept that pledge and he always will. we have spelled this out in our budget in great detail. when he talks about the expiration of the trump tax cuts, he talks about working with congress to make sure no taxes increase on anyone under $400,000. that means, for those folks who are over $400,000, those taxes will expire and that is how we raise significant revenue without touching anyone under $400,000. there's a line in the sand, the president has never crossed it. he's very clear in the budget documents that he won't cross it again. yes, we want to pay for that, and that means working with congress so we don't load up the deficit. but you cited a lot of numbers. let me cite one for you. there's a recent study, it comes out from the peterson institute, and what it finds is, if you look at the expiration of the trump tax cuts and you add in eight regime that is significant tax on families, including the terrace on the median family it goes up $1700. so that is what our opposition is putting forth. >> sandra: allies take in there. obviously you are touting strong jobs growth, that leads me to ask big questions about the interest rates, and in this interest-rate environment people are claiming it's unaffordable to buy a home. we have seen interest rates go sky high just to tame this inflation that you just said you feel your analysis said was unavoidable. most economists have determined it was avoidable, that we could have cut off federal spending at a point -- >> that is just flat wrong. most economists do not consider the inflation we had unavoidable, because most economists -- i've never seen an economist that doesn't -- recognize what the pandemic did to global supply chains. we can have arguments about the magnitude of the inflation, but trust me, you're not going to find an economist that said we weren't going to have inflation when the global supply chain shut down because of the pandemic. that just doesn't make sense. >> sandra: let's look back to those months and years were the administration and the federal reserve are saying inflation wasn't a real thing, that it was going to be minimal, and then -- >> look, sandra, i'm sorry. you do not have an argument that says the global pandemic would have happened, would have shut supply chains down across the globe, and inflation would have gone up. if you want to make a coherent argument, we can talk about the magnitude of inflation and the role that public policy played, and i'd be happy to have that argument. >> sandra: definitely talk about the magnitude of it. let me finish with my question. bidenomics. is this still something that the biden campaign will champion, or is his messaging being dropped? these are recent headlines in axios', has democrats either ditching bidenomics, "usa today," president biden scraps bidenomics after slogan falls flat. the new yorker, it's a bust. do you champion that message? >> sandra, let me speak to you quickly about that. but to me that is just kind of a rhetorical saying. when we are out here trying to help working families get ahead, i think we have a jobs report with 270,000 jobs and an unemployment rate that's been 4% or below for two and half years. you are helping a lot of working americans. any time the president is talking about economics, he's talking about bidenomics, full stop. on housing, you mentioned a really important area. we have a plan that will add 2 million affordable units to the housing stock. that would make a huge difference in one of the most important areas where americans really need help. and congress needs to work with us on that. it should be bipartisan trade some of these measures like the low-income housing tax credit are ones that republican have in the past supported. we have seen too many policies where folks on the other side of the aisle will resist helping working families in an area like housing because they think it benefits them politically. this president will never go there. we need to help families with housing. we have a plan to add 2 million units. let's get to work on in a bipartisan fashion. >> john: jared bernstein, we always up a sheet folks from the white house coming on. thank you for joining us today. >> sandra: thank you, jared. come back soon. meanwhile, dave 5 of hunter biden's gun trial is on lunch break after testimony from his daughter, naomi biden. when that resumes, jurors could hear from more members of the biden family, including hunter's uncle, james. lucas tomlinson is live outside the courtroom in wilmington, delaware, with more on that for us. hi, lucas. >> hi, sandra. that's right. just moments ago we saw the first lady and hunter biden's wife walking out together during this lunch break. earlier, some powerful testimony by hunter biden's eldest daughter, naomi. they were both seen crying, both hunter and naomi crying in court as naomi testified. that she had never seen her father in -- what she called the clearest, back in 2018, after her uncle died. her uncle, of course, being beau biden. used to prosecute gun and drug cases like this. naomi said she was proud of her father, hunter. under cross-examination by the prosecutor, he asked naomi about the truck where the gun was found at the center of this case. she said she drove it earlier up to new york where she hoped to meet up with her father. she said there were no drugs in that truck at the time. the text messages were read aloud in the courtroom where naomi was attempting to reach her father in new york and the prosecutor asked her if she knew where her father was. the prosecutor said he was with a drug dealer at the time and the prosecutor made the case that those drugs were put in the car later by hunter. another family member in court today, the first lady, jill biden. no indication she would testify. she did fly from france aboard the u.s. air force aircraft to be here today and plans to return to new york tonight for a state dinner tomorrow in paris. earlier today the defense called the gun store owner who said he had never met or talked to hunter biden in the showroom where he purchased that 38 caliber colt culver revolver, as you see here, a six shooter. an fbi forensic expert said he found cocaine residue in the pouch where it was found in the trash can discarded by hallie biden. and they call jason turner and did a background check. he said they reviewed the form to make sure all the boxes were checked and he said he also never interacted with hunter. they are going through their witnesses pretty quickly and we could have this child wrapped up by early next week. it is notable that a pew research report said the odds are not in favor of hunter. only 1% of defendants in federal trials like this are acquitted, of course. the suspects don't have a thought it was the president of the united states, although president biden said he made no plans to pardon him. >> sandra: we are that in that lease interview. lucas tomlinson, thank you. >> john: new fox news poll showing former president trump ahead of president biden in three states, and deadlocked in a traditionally blue one that went to biden just four years ago. we will tell you where that's all happening and asked karl rove what it all means. he's got the whiteboard warmed up and ready to go, plus this. >> as volatile and as crazy as ever, gamestop soaring. >> the reddit frenzy has driven wall street into uncharted territory. we have never 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