yellen . the real dream team who are now going to accelerate the money printing which you do so it was impossible because his goal explain. actually already down and there was an obama created as much money for during his 8 years. as the whole of the united states did for 200 years and when he came to get us so so. i think that central banks will at some point when he had debts that will be debt to folds and because i know that corona virus was the most perfect catalyst for this final phase of money pray printing but he would also involve a major debt default on those 2 folds will eventually lead to increased rates going up and central banks will lose control of the ball not that you know that stock market collapse is serious and that will come in this year i think will come in the next few months but now that we're debating on whether that cuts takes a bit longer than my take between a year or 2 of the ball market in my view but when that collapses that's the that's the end of the financial s

yellen. the real dream team who are now going to accelerate the money printing which you do so it was impossible because his goal explain. actually already down i mean there was an obama created this much money for during his 8 years. as the whole of the united states did for 200 years and when he came to debt u.s. debt so so. i think that central banks will at some point when he had debts that will be debt to folds and because and then the coronavirus was the most perfect catalyst for this final phase of money praise printing but he would also involve major debt defaults on those defaults will eventually lead to interest rates going up and central banks will lose control of the ball not that you know that stock market collapse is serious and that will come in this year i think will come in the next few months but then we're debating on whether that cuts takes a bit longer than my take between a year or 2 the ball market in my view but when that collapses that's the that's the end of the fina

janet yellen is making her case to congress to pass the biden stimulus plan. yellen says the u.s. can return to full employment next year if it is enacted. without it, yellen says it may take until 2025. donald trump's second impeachment trial is almost certain to end in acquittal. it will deliver a public reckoning for a presidency and influence whether his supporters continue to dominate the republican party. the impeachment trial begins tomorrow in the senate. in london, brent oil rose above $60 a barrel for the first time in more than a year, another milestone in a remarkable comeback. the coronavirus pandemic led to lockdowns and grounded planes. tom brady is still super. the 43-year-old quarterback took his new team to a win in the super bowl. it was brady's record seventh super bowl win, the other seven with the -- the other six with the new inlet patriots. he was most valuable player. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> i am afrai

new york time. 1:45, we are getting biden, yellen, all meeting with business leaders about the need for the relief plan to go forward. jamie dimon will be at that meeting. it will be one to pay attention to. the three-your auction. big week for auctions. after the bell it just carries on. lyft and twitter. alix: that will be a lot of fun. tomorrow we get andrew bailey delivering -- we have jay powell speaking to the economic club of new york. earnings from gm, uber and coca-cola. we will be talking to the ceo of coca-cola james quincy. what is -- what his demand forecast is, the vaccine rollout, and what that will mean for people buying stuff. guy: it will be interesting to see how people back to work. people back to bars potentially. alix: slow down. bars? what? what is that? guy: let's talk about those bars that could be on prison windows. alix: well done. did you plan that? guy: the story of the day is the u.k. threatening 10 years in prison if you basically lie about your entry into the u.k. and comfy one of the red countries. basically the hotlist countries the u.k. is so worried a

janet yellen is making her case for congress to pass the biden coronavirus stimulus plan. yellen says the u.s. can return to full employment if the package is enacted. without the package, he says it made -- she says it may take until 2025. donald trump second impeachment trial is almost certain to end in acquittal but it will still deliver a public reckoning for his presidency and influence whether his supporters continue to dominate the republican party. the trial begins tomorrow in the senate. u.k. exports to the eu have fallen as much as two thirds fins brexit. that is according to a truckers group that sends -- that says trade is being held up by new red tape and says 75% of trucks from the eu are returning empty because there are no goods to transport. in london brent oil rose above $60 a barrel for the first time in more than a year. it is another milestone in the remarkable comeback to the biggest demand destruction in a generation. the coronavirus pandemic led to lockdowns and grounded planes. in sports tom brady is still super. the 43-year-old quarterback down --

janet yellen pushes biden's relief bill as she hits back at her predecessor larry summers over the risk of the massive aid plan. more on that story later this hour. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. francine: economics, policy, finance. this is "bloomberg surveillance ." i'm francine lacqua in london. we have a good show coming up. we will be talking about 2021, what it holds for the global advertising industry. we will speak to martin sorrell. we will talk super bowl ads next. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i'm francine lacqua, here in london. let's get straight to the bloo

global equities extend all-time highs as janet yellen pushes joe biden's relief bill. action is needed to revive jobs in the economy, he says. markets are getting a lift from a continuous slowdown of covid infections. vaccine developers are working on a new shot to combat the south african strain. president biden says he will deal with china differently than his successor, or rather, predecessor. the nations are in competition, he says, but not in conflict. iran says it is willing to return to the nuclear negotiations but only if the united states lifts sanctions first. i am yousef gamal el-din. in terms of u.s. equity futures, many looking to build on the 5% returns at record highs after earnings season solidified the outlook. though brother macro backdrop with the virus cases and the stimulus prospect, helping that risk on from top to bottom. seeing interesting moves, 118, the u.s. ten-year inflation breakeven is at the highest level since 2014. that is the pace of u.s. inflation as implied by the bond market. let her liquidity across many assets, you could blame the

there is tension now between the yellen camp and the biden camp and people like larry summers that typically would be in line with janet yellen. she says as treasury secretary now she has to deal with the entire company and the long-term fallout of job losses. she talked about job losses specifically among minorities and women which are very sticky right now. paul: is a compromise dead now? >> it seems like it never got up off the ground. democrats just want to go with the more aggressive plan. and put the assurance into the economy with the $1.9 trillion. biden did meet with the republicans. trying to get them on board for some sort of compromise measure. whether that is the final word is hard to say that listening to republican lawmakers in the last few days and again today, they want things to be more targeted. if there are stimulus checks, they want the cut off to be at the lower level. this is something the democrats oppose. we will hear more in the next few weeks but it does seem like bipaship is a struggl this piece of legislation. paul: ros from washington. during his first tv interv

. >> reporter: the treasury secretary janet yellen believes mr. biden's covid relief bill is a big part of the solution. >> we are digging out of a deep hole. last year was the worst year for economic growth since world war ii. >> reporter: house hopes to vote on the president's stimulus plan a week from today before sending it to the senate. democrats want to approve it before some benefits from first round of pandemic aid expire on march 14. while the president protfor all to be distributed by middle of the summer, normalcy is still a way off according to dr. anthony fauci. >> by the end of the year, christmas. >> reporter: until then americans should continue to wear masks and social distance. >>> pfizer is now testing its vaccine on healthy pregnant women. more than 14,000 volunteers are part of the study. >>> taking a live look at oakland. stores in the city are so fed up with shop listers and attacks on employees they're shelling out thousands of dollars a day in security. off duty police officers are being paid to patrol stores like walgree

. >>> the "associated press" reports treasury secretary janet yellen said president biden's relief plan could restore full employment to the country by next year. the first woman ever to lead the treasury department said the country is still in a deep hole with millions of lost jobs. republicans say the proposal is too expensive. they cited criticism from former treasury secretary under president clinton, larry somers. somers said the plan could trigger runaway inflation. >>> and "the san jose mercury news" says sarah thompson made history as the first woman ever to efficient in a super bowl. the 47-year-old mother of three served as the down judge in yesterday's big game. she's broken the glass ceiling before in the nfl. in 2015 she became the first full-time female official in league history. >>> so still ahead, longer workdays. working from home during the pandemic may be leading to extra hours on the job. job. at novartis, our goal is to help keep cosentyx accessible and affordable. if you're taking cosentyx and your insurance or coverage changes or you need help paying cosentyx con

both president biden and treasury secretary janet yellen has said the 618 billion dollar proposal is too low. >>but the president is considering targeting those $1400 stimulus checks to those who need it most reporting live in washington, i'm kelly meyer alright kelly thank you very much for the update. >>time now is so when could you expect to see those direct payments well while many were hopeful for a quick passage of the next relief package it now looks like discussions will continue past february meaning the earliest you might see payments would likely be mid-march the the insists impeachment trial. a former president donald trump is expected to slow the process even though democrats have vowed that they can multitask we will see. let's get a check of the weather here at the half hour mark john keeps us updated on what we need to be grabbing as we head outside good morning. john good morning james today, definitely bundle up this morning because we're in the midst of quite a cool start. a lot of us are in the 30's and 40's right now but skies are clear and you're driving to work

. >> reporter: today president biden and janet yellen dropped in virtually on senate democrats weekly luncheon. >> he was very strong in emphasizing the need for a big bold package. he said he told senate republicans that the $600 billion that they proposed was way too small. >> reporter: senate majority leader chuck shumer said the president did tell republicans that he'd be willing to make some modifications, though psaki declined to speculate. >> we're not going to negotiate from here or in public about what is going to be in the package. >> reporter: mitch mcconnell said the ten republicans who met with the president last night walked away with the impression that the commander in chief was more interested in bipartisanship than his staff. >> i can't remember a budget in the time where he decided voted in a bipartisan way. we're off to a totally partisan start. >> reporter: now, there was some bipartisanship on capitol hill today. six republican senators voted yes to confirm a new secretary of homeland security. he will be playing a big role in executing the executive orders on im

treasury secretary janet yellen is pitching the biden ministrations major stimulus measures.

treasury secretary janet yellen is pitching the biden ministrations major stimulus measures what's way could she have straight ahead check out her comments and what waves it could make plus we have a conversation with world renowned international investor jim rogers about a flurry of subjects including the economic recovery and the aftermath of the game stopped trading wednesday and later because he is continuing hitting yet another record high along with a new milestone we'll go over the numbers with attack show today so let's dive right in. and we lead the program here in the united states with talks regarding the next economic relief package u.s. treasury secretary janet yellen on thursday said the $1.00 trillion dollars stimulus package is needed to revive the economy struggling amid the pandemic yellen told c.n.n. b.c. thursday quote we think it's very important to have a big package that addresses the pain this has caused 15000000 americans behind on their rent 24000000 adults and 12000000 children who don't have enough to eat small businesses failing i think the price of doing t

treasury secretary janet yellen is pitching the biden ministrations major stimulus measures what sway could she have straight ahead check out her comments and what waves it could make plus we have a conversation with world renowned international investor jim rogers about a flurry of subjects including the economic recovery and the aftermath of the game stop trading frenzy and the later because he is continuing hitting yet another record high along with a new milestone we'll go over the numbers with a pack show today so let's dive right in. and we lead the program here in the united states with talks regarding the next economic relief package u.s. treasury secretary janet yellen on thursday said the $1.00 trillion dollars stimulus package is needed to revive the economy struggling amid the pandemic yellen told c.n.n. si thursday quote we think it's very important to have a big package that addresses the pain this has caused 15000000 americans behind on their rent 24000000 adults and 12000000 children who don't have enough to eat small businesses failing i think the price of doing too l

you heard janet yellen earlier in the show. she said she thinks somebody who makes $60,000 a year should be getting these relief checks, but she wasn't willing to commit to 75,000. where do you think the cutoff should be? >> well, i think what we have done in the past, and what we have promised the american people, we've said two things in the last month. we said we're going to get you $2,000, which is $600 plus $1400, and a couple $150,000 or lower will qualify for that $2,000. we said we don't want rich people to get that benefit and i agree. what we need to do is have a strong cliff so it doesn't kind of spill over to people making $300,000. and that's what i support and that's what i think most people understand. but to say to a worker in vermont or california or anyplace else that if you're making $52,000 a year, you are too rich to get this help, the full benefit, i think that that's absurd, and it's also, from a political point of view, a little bit of absurd that you would have, under trump, these folks getting the bene

the treasury secretary, janet w yellen says president biden's plan is worth the risk. >> there's no reason why we should suffer through a long, slow recovery. >> do you have a time line for full re-employment? >> well, i would expect if this package is passed, we will get back to full employment next year. >> optimism. she said it would remain high without support. it dipped to 6.3% in january. more than 400,000 jobs have steam. they are down 10 million jobs. damage for women down 5.3 million. 2.5 million women have dropped out of the work force altogether. president biden calling it a national emergency sunday. >>> tomorrow brady is claiming his place as one of the greatest qbs of all time. coy wire has more on their win over the chiefs in this morning's bleacher report. hey, coy. >> hi, laura. this was billed as the greatest quarterback match-up. it was 43-year-old tom brady winning an historic seventh title in the first season with a new team. throwing the first touchdown of the night to rob gron could you city who came out of retirement to play with tom in tampa. the two would connect

treasury secretary janet yellen is pitching the biden ministrations major stimulus measures what sway could she have straight ahead check out her comments and what waves it could make plus we have a conversation with world renowned international investor jim rogers about a flurry of subjects including the economic recovery and the aftermath of the game stop trading play into the a and the later because he is continuing. hitting yet another record high along with a new milestone we'll go over the numbers with tech show today so let's dive right in as. we lead the program here in the united states with talks regarding the next economic relief package u.s. treasury secretary janet yellen on thursday said the $1.00 trillion dollars stimulus package is needed to revive the economy struggling amid the pandemic yellen told c.n.n. thursday quote we think it's very important to have a big package that addresses the pain this has caused 15000000 americans behind on their rent 24000000 adults and 12000000 children who don't have enough to eat small businesses failing i think the price of doing t

claimed yesterday if president biden's stimulus plan is passed the u.s. can return to full unemployment, full employment rather by 2022. jason, your take on that and where rates are today? jason: well, you know, one to have main metrics that we all look at which gauges kind of market expectations of the strength of the economy and the all-important inflation expectations is what's called the yield curve which is the difference between short-term rates and long-term rates, right, that's the yield curve. when the yield curve steepens that means the market is pricing in a lot more inflation. the yield curve is as steep as it's been in the last six years. while everybody is fat and happy with the japan stocks, 30-year highs, u.s. markets all time highs, i agree with the first guest, we have to be aware there's one thing that can flatten out or start to correctly ultimately, is that the rates continue to go higher. if you want to do one thing to help yourself out, you may want to hedge for higher rates and not necessarily gold. i don't think we buy gold. there

treasury secretary janet yellen is pitching the biden ministrations major stimulus measures what sway could she have straight ahead check out her comments and what waves it could make plus we have a conversation with world renowned international investor jim rogers about a flurry of subjects including the economic recovery and the aftermath of the game stop trading plan b. and a later because he is continuing hitting yet another record high along with a new milestone we'll go over the numbers with a packed show today so let's dive right in. we lead the program here in the united states with talks regarding the next economic relief package u.s. treasury secretary janet yellen on thursday said the $1.00 trillion dollars stimulus package is needed to revive the economy struggling amid the pandemic yellen told c.n.n. thursday quote we think it's very important to have a big package that addresses the pain this has caused 15000000 americans behind on their rent 24000000 adults and 12000000 children who don't have enough to eat small businesses failing i think the price of doing too little

we could slip back, it gets an argument to janet yellen and joe biden, we are making progress. the thing to keep in mind is that with 779,000 jobless claims, that is above the highest point we got to during the great financial process and we are one year into the covid crisis. so, we are still seeing a labor market in a lot of trouble and needs a lot of help. we drop down to 17.8 million in continuing claims, but a lot of people have lengthy additional claims, 3 million on that and that expires in march. there is an urgency to get something done and keep those people's heads above water. tom: are you on your way to tampa? michael: i will be here tomorrow. i will watch on tv. tom: very good. thank you very much. the jobs report. i am sorry, are we on a 2% watch on the 30 year bond? jonathon: let us get a board up and take a look. data is decent. i do not want to say in absolute terms because data is decent, relatively not, but it is better. we get a decent print tomorrow, i think you can continue the lift in the treasury market. we continue on vaccinating americans i think you c

. >> it's certainly an issue secretary yellen and his economic team are focused on and will be looking for ways to help. >> o'donnell: not everyone thinks paying mothers is a good idea, including betsey stevenson, a member of president obama's economic team. >> paying people to stay home is really encouraging something that could end up ultimately undermining the goals of having more equality in the home and having more equality in the workforce. >> o'donnell: if you pay mothers who are home, does that discourage them from entering the workplace? >> absolutely not. it simply values their labor. we have a once-in-a-lifetime opportunity to fix things for the better, once and for all. >> o'donnell: and the debate will continue. there is still much more news ahead on tonight's "cbs evening news." a blizzard triggers a multi- vehicle pileup on a major interstate. and tonight, apple's warning about iphones and medical devices, including pace-makers. so important information. what you need to know. e-makers. so important information. what you need to know. that's why there's otezla. otezla is

caroline: it is not just biden pushing this "run it home" t heme, it is formally fed chair janet yellen, now the treasury. she has been surprised of the lack of inflationary push she has seen in the past. now she is willing to risk it, basically. >> absolutely. there is a whole cast of people that are supportive. there is yellen, there is the fed and powell, who have spoken about the need of balancing equity and fixing issues of inequality in wealth and income. this is something biden promised as well. with this stimulus, yes you are helping those at the low end, but you are giving them a lift after the pandemic is over. as you mentioned, there are close to 10 million people right now who are not employed who were employed in february before the big impacts of coronavirus. you not only need those people back to work, but potentially creating jobs for them if those jobs no longer exist -- you can only do that when the economy is running hot. how you get there quicker? more government spending. you have an accommodative fed, a treasury secretary that is supportive of this. it is seen as a

in 2018 janet yellen, biden's new treasury secretary was scwoated speaking about the unsustainable u.s. debt and said if i had a magic wand i would raise taxes. how is that good for american families? mayor pete buttigieg, the new transportation secretary, said he's open to raising the gas tax on american families. how is that good for an american family? and tanden has been a supporter of the green new deal, a $93 trillion disaster that would devastate our economy and kill jobs. how is that good for an american family? these are the people who are going to get our economy on track and provide opportunities for american families? i don't think so. my concern about the future of our country cannot be understated. in august congress will have to deal with the expiration of the debt ceiling. this is a critically important issue, but for years congress has ignored it. the debt ceiling has been suspended for more than two years, allowing the federal government to spend out of control and rack up insane debt on the federal credit card. and we have to pay interest on this debt. right now inte

kim: celso de azevedo, janet yellen in the u.s., the new biden administration issued the statement after her senate confirmation hearing talking about the potential benefits for the u.s. and says it has potential benefits and also presents opportunities for states and nonstate actors looking to circumvent the current financial system but then goes on to say it has the potential to improve the efficacy of the financial system. can you talk about those two apparently opposing sides? she saying it could be used in a bad way by bad people, on the other hand, it could reduce some inequality and help our financial system. celso: the first thing i would have to say is there is a force dichotomy there. the two statements may be correct, it doesn't mean one thing is wrong. but they do push in different directions. there is that risk that cryptocurrencies will be used for people and for fraud and that can be at the same time, they use another financial asset and that is something positive for society as a whole. the question is how do you strike a balance of clever regulation that minimizes the ri

that is after secretary to treasure janet yellen said this week biden has a rich portfolio tax plans to offset the cost of the spending ambitions. she said the president is ready to raise the corporate tax rate 20% after former president trump/to down a 21 and 2017. how could these bright ideas affect your wallet? joining me to break it down wealth management chief investment officer and "fox news" contributor scotty martin is back. >> we call him not a scotty. >> not a scotty and hot under the caller with janet yellen's administration plans. janet yellen boys and girls is one of those out there fanning the flame for more spending so she's like oh no problem i'll just go to joe's office and tell them to start hiking taxes everywhere because i'm telling you to spend all that money first off. kennedy: we will just. more. it will be great and we are not on the hook for anything. obviously the corporate tax rate looks like it's going to go up 7%. they are talking about a capital gains tax. which would be worse for the economy? >> they are both bad. the corporate tax rate is strictly impa

president biden once in america of "full employment" but yellen found slack in the economy. she finds slack in this pandemic economy, we will go with that headline data at 8:38 september 11, 2001 absolutely happened, and still a first-term congresswoman is topped off budget and education. an all-nighter on the senate floor. coffee was served and they are going home in the early morning of washington. the democrats move ahead on stimulus. bloomberg surveillance from london and new york. the news flows were extraordinary. we are not talking -- it is a votes of rama -- vote a rama. you are going to do a 10 day quarantine in london where other nations do a four day or whatever. what is the draconian nature? francine: i want to go back to the stimulus because it is actually interesting. on quarantine, that u.k. is doing something that you see with countries with new zealand or australia which says if you come from specific countries, other countries where we found variants, you can come in to the country, they put you in the hotel for 14 days -- 10 days and we monitor you. this i

you heard janet yellen earlier in the show. she said she thinks somebody who makes $60,000 a year should be getting these relief checks, but she wasn't willing to commit to 75,000. where do you think the cutoff should be? >> well, i think what we have done in the past, and what we have promised the american people, we've said two things in the last month. we said we're going to get you $2,000, which is $600 plus $1,4000, and every person, an individual, $75,000 or lower and a couple $150,000 or lower will be eligible for that full $2,000. $600 plus $1,400. we said we don't want rich people to get that benefit and i agree. what we need to do is have a strong cliff so it doesn't kind of spill over to people making $300,000. and that's what i support and that's what i think most people understand. but to say to a worker in vermont or california or anyplace else that if you're making $52,000 a year, you are too rich to get this help, the full benefit, i think that that's absurd, and it's also, from a political point of view, a litt

they want to provide at least $3,000 per child as part of president biden's covid relief plan. meanwhile, treasury secretary janet yellen says americans earning $60,000 a year should get stimulus checks, that's higher than the $50,000 threshold currently being discussed. talks resume this week. >>> millions of americans will be taking a polar plunge with dangerously cold air moving in after yet another storm. abc's megan tevrizian looks at the extreme conditions. >> reporter: this morning, parts of the u.s. bracing for another round of potentially deadly temperatures. this dam in wisconsin icing over as windchills in green bay plunge to minus 23. the single digit temperatures dipping all the way south into oklahoma. the bitter blast now invading the east where people are digging out from two snowstorms in less than a week. greeting dangerous driving conditions in places like here in charlottesville, virginia and in lakewood, new jersey, where crews pulled this car out of a ditch after it slammed into a guardrail. the winter weather also triggering deadly avalanches. this video

both president biden and treasury secretary janet yellen have said the 618 billion dollar proposal is too low. >>but the president is considering targeting those $1400 stimulus checks to those who need it most reporting live in washington, i'm kelly meyer. >>thank you very much kelly. >>5.14 is time right now and we're checking out the weather on the thursday morning. hi how are hey guys we're looking at sunshine all day long today yesterday we had the clear skies to start than we saw some cloud cover drifting in late morning into early afternoon. >>today that's not the case were keeping these clear conditions around your view from berkeley right here looking absolutely gorgeous we are off to a cold start though with a whole lot of us down into the 30's this morning. so do you put that puffy jacket on and stay, nice and cozy as you venture out there skies remain dry today as we do see a ridge of high pressure slowly building in now it's going to keep us trying to the upcoming weekend, a mild one today with daytime highs just a few degrees warmer than yesterday. tomorrow will be a litt

. >> it's certainly an issue that secretary yellen and his economic team are focused on, and will be looking for ways to help appease. >> o'donnell: not everyone thinks paying mothers is a good idea, including betsey stevenson, a member of president obama's economic team. >> paying people to stay home is really encouraging something that could end up ultimately undermining the goals of having more equality in the home and having more equality in the workforce. >> o'donnell: if you pay mothers who are home, does that discourage them from entering the workplace? >> absolutely not. it simply values their labor. we have a once-in-a-lifetime opportunity to fix things for the better, once and for all. >> o'donnell: and the debate will continue. there is still much more news ahead on tonight's "cbs evening news." a blizzard triggers a multi- vehicle pileup on a major interstate. and tonight, apple's warning about iphones and medical devices, including pacemakers. so, important information. what you need to know. so import. what you need to know. that's why there's otezla. otezla is not a cr

at the capital at the white house where high-stakes meeting on the economy just wrapped up president biden, vice president harrison treasury secretary janet yellen bringing in the heaviest hitters in the business world. the comments just made about what's needed to heal the financial wounds of the pandemic. this is a wartime push for vaccines is very much into the unfolding mode but is now perplexed with the time to pull back on the stocks behind the lifesaving preventatives and the investor doctor chris barton gives her diagnosis on this. within over looking to play their own rolls in the pandemic fight as a rideshare gun the engine to survive ahead of their latest quarterly report or all-star panel is here to tell you which app you should add to your portfolio, not both, which one. markets looking to muscle their way to new records any gain for the dow, s&p, nasdaq and russell will do it. and bitcoin looking absolutely unbreakable after smashing through the 48000-dollar mark overnight yes it is slightly down the back above 47000. as we watch that more before we dive into the market and e

shares now about 4%. >>> president biden and testry secretary yellen meeting this afternoon. on the agenda the stimulus proposal and his efforts to tackle the coronavirus at the same time. >> i am interesting to see how they think we are approaching this issue and see if we can find common ground i know i found common ground with some of my republican friends. i think we are on the right track. >> joining us now, gentleman, lew. mr. secretary thank you for joining us. >> thank you >> there has been debate including within the democratic party over the last week or so whether if in doubt you should do more stimulus or less where do you stand on that particularly we are hopefully nearing the ends of the pandemic and there has been so much stimulus already wil . >> wilf i think it is important to start where i think most democrats agree is that there is an urgent need for more information to respond to both the health and the economic fallout from the pandemic. when congress acted at the end of the year, it quite deliberately didn't go far enough the unemployment benefit expires

>>some republican support both president biden and treasury secretary janet yellen have said the 618 billion dollar proposal is too low. but the president is considering targeting those $1400 stimulus checks to those who need it most reporting in washington, i'm kelly meyer. 9.21 and still ahead we have a new booking photo of the man police are looking for who threatened start shooting up a mall in the south bay. >>we'll tell you how police were able to solve this in a string of robberies in oakland's chinatown is not solved in a community is concerned we'll tell you what concerned we'll tell you what they want the police to do. active and bold courageous or dull emotions that flow it all starts in your gut naughty with pride probiotics inside xciting yummy zing from a to z, your gut is where it all begins start with activia with billions of probiotics >>in the south bay. there's a new booking photo of the man who threatened to shoot up the valley fair mall in san jose police arrested 21 year-old hunter title a seaside police found him at the valley fair mall with a loaded assault ri

own treasury secretary janet yellen last week said that those responsible for the reprehensible murder of jamal khashoggi must be held accountable. we know thousand that the man most responsible is the crown prince. and he hasn't yet been held accountable. >> as you know the administration is trying to strike a balance in the words of secretary of state blinken, they don't want to rupture the relationship, even your editorial page acknowledged that we need saudi arabia's cooperation with counterterrorism, global oil markets, can we afford to rupture the relationship over this? >> well, two things about that, george. first, i think this was a missed opportunity to rethink the alliance and how important saudi arabia is now to the united states and why. why are we making an alliance with a dictator who's making trouble in the region, but even more there's a bigger issue here going on all around the world, which is dictators like mbs and putin and xi jinping are not only repressing their own people they're reaching beyond their borders to harass and kidnap and intimidate and assassinate in

haidi: treasury secretary janet yellen has again pushed for president biden's relief package day before the federal reserve is set to talk about this issue. local economic policy with kathleen. we saw a preview. yellen is definitely pushing this bill. kathleen: she was fed. she could not push a policy political stance, but as a treasury secretary, it is her job to do just that. obviously, this is one area where she and joe see i die, going big on stimulus, or she would not -- where she and josie eye -- and joe see eye to eye, or she would not have gotten the job. krugman said we went too light after the great financial crisis, the great recession, in 2008, 2009, on stimulus. now, we have to go big. it has to be strong. she said regarding the $1400 stimulus checks, shouldn't they be a little more targeted? she said there are things that there we cannot see. this is why they seem to be this size, at least. let's listen to what she says. sec. yellen: the $1400 checks, of course, we do not want those to go to very high income individuals and households, but that really helps to make sure th

. >> today we're told the new president, joe biden, his treasury secretary, janet yellen, will join the democrats weekly luncheon on capitol hill by video. are there concerns among the democrats? some have said, okay, mr. president, fine. meet with republicans as much as you want, they won't come your way. we have to do this all on our own. do the democrats feel the president has their back if they go through this all-democratic process? >> so far it appears they do the white house came out of the meeting saying their top line number has not changed. even in the meeting biden was saying -- was talking repeatedly about reconciliation, about his experience, was making the point that even if they go the route of reconciliation, republicans can still ultimately vote for the bill if they want to. biden expressed reportedly some interest in a more targeted stimulus payment to lower income earners, which is something republicans and a few democrats said they want but that doesn't change the top line number. so democrats in the senate and house are telling us they feel as though they're in sync

global equities extend all-time highs as janet yellen pushes joe biden's relief bill. action is needed to revive jobs in the economy, he says. markets are getting a lift from a continuous slowdown of covid infections. vaccine developers are working on a new shot to combat the south african strain. president biden says he

is it janet yellen and the wall street democrats or the crazy socialists like bernie, aoc and chuck schumer? we are going to find out. >> juan: you are fired up today, jesse. becoming an angry old man. more of "the five," stay with us. ♪ ♪ for some of us, our daily journey is a short one when you drive less, you pay less with pay per mile insurance from allstate you've never been in better hands allstate click or call for a quote today what do we want for dinner? allstate burger... i want a sugar cookie... wait... i want a bucket of chicken... i want... ♪♪ it's the easiest because it's the cheesiest. kraft. for the win win. ♪ ♪ >> dagen: time from some fun. america has much more than 400 hours of tv shows they hate just to avoid arguments with their partner. jesse, do you do this? >> martha: are you guys... i can't hear anything. >> jesse: i was going to watch tv with emma tonight but now i feel like i should sit and have a conversation around the dinner table, i feel guilty about watching tv now, i don't know. >> dagen: who doesn't have more than one tv in their house, just go

and treasury secretary janet yellen will the administration argued their case for biden's $179 trillion covid relief package this comes as both the house and the senate are starting the process to pass the bill without any republican support and top senate democratic chuck schumer said biden is totally on board with that plan. >> we share president biden's desire to advance this legislation in a bipartisan way, but the work must move forward we are not going to dilute, dither, or delay because the needs the american people are just too great. >> there is some resistance within biden's own party democratic senator joe manchin of west virginia said he does not support the $15 minimum wage that's in biden's proposal still, manchin said he had vote to move forward with this process but hopes that the actual bill would be targeted toward the quid crisis back to you. >> much to discuss on stimulus and other areas in washington. let's bring in former chief of staff to vice president pence mark short mark, good afternoon thank you for joining us. >> thank for having me on this afternoon. >> i w

kim: celso de azevedo, janet yellen in the u.s., the new biden administration issued the statement after her senate confirmation hearing talking about the potential benefits for the u.s. and says it has potential benefits and also presents opportunities for states and nonstate actors looking to circumvent the current financial system but then goes on to say it has the potential to improve the efficacy of the financial system. can you talk about those two apparently opposing sides? she saying it could be used in a bad way by bad people, on the other hand, it could reduce some inequality and help our financial system. celso: the first thing i would have to say is there is a force dichotomy there. the two statements may be correct, it doesn't mean one thing is wrong. but they do push in different directions. there is that risk that cryptocurrencies will be used for people and for fraud and that can be at the same time, they use another financial asset and that is something positive for society as a whole. the question is how do you strike a balance of clever regulation that minimizes the ri

, as well as treasury secretary janet yellen and their economic team, have really been at the forefront of saying this has to be done very quickly. it has caused some republican pushback, but democrats are all still in line as of now to get this over the finish line, and anywhere from three to six weeks is the timetable they would like to see. lisa: there's quite a bit of reporting that joe biden's strategy is being colored by his experience in 2009, when he believes the package they put out was too small to stimulate the economy. that president obama compromised too much with republicans, and as a result, the recovery was sluggish. how much support does that theory have on a bipartisan basis? kevin: 100% from the democrats, with the exception may be of larry summers, but on the right it is very divisive. in fact, i would say it is about 70%, if i had to put a number on it, for republicans against this. but the reality is the polls are different than the elected officials in office on the republican side. the stimulus plan, according to recent polls that have come out, is incredibly pop

janet yellen pushes a robust stimulus package. global infection slow but joe biden says don't expect. immunity before the end of the summer. christine lagarde suggests a soft exit from stimulus once recovery takes hold. >> good morning. let's check in on the markets. a few minutes ago we did see brent go through $60 per barrel. right now, $58. equities globally, we are seeing this risk on momentum. a fifth day of gains on wall street. s&p 500 index futures up 0.4%. who was the fact that it was the bad news about the jobs number giving this fresh impetus to the invited administration to push through this stimulus plan. 10 year yield, ever so closely inching toward 1.2 percent, a level that we have not seen since february, before the march meltdown. reflation flavor is back in play. manus: the breakevens are breaking aggressively higher, the highest since 2014. it is between larry summers, who one would say is probably more on the left, and janet yellen. janet yellen saying we are in a deep hole, you need to do more, and you need to

ritika: janet yellen is making her case for commerce to pass the biden coronavirus tim loh's plan. she says the u.s. can return to full employment that year if the package is enacted. without the stimulus, she says it may take until 2025. republicans argue that the plan is too expensive. donald trump's second impeachment trial is almost certain to end -- delivering a public reckoning for his presidency, and it will inference with his popular supporters continue to dominate the republican party. the impeachment trial begins tomorrow in the senate. u.k. export to the european union have fallen as much as two thirds since brexit. that is according to a group that says trade is being held up by new red tape. it also says that up to 75% of what has a right from the -- of the trucks arriving from the e.u. are returning empty because there are no goods to transport. tom brady -- he guided his new team, the tampa bay buccaneers, to a 39-1 -- two a 31-9 win in the super bowl. it was brady's seventh super bowl win, the other six with the new england patriots. he was named the most valuable p

is it janet yellen and the wall street democrats or the crazy socialists like bernie, aoc and chuck schumer? we are going to find out. >> juan: you are fired up today, jesse. becoming an angry old man. more of "the five," stay with us. ♪ ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ ♪ ♪ >> dagen: time from some fun. america has much more than 400 hours of tv shows they hate just to avoid arguments with their partner. jesse, do you do this? >> martha: are you guys... i can't hear anything. >> jesse: i was going to watch tv with emma tonight but now i feel like i should sit and have a conversation around the dinner table, i feel guilty about watching tv now, i do

speaking with the treasury, janet yellen, and vice presiden harris by his side, mr. biden appealed to congressional republicans to act urgently, to turn his coronavirus relief measures into law. he said it would keep families out of poverty and prevent long-term economic damage to the nati. >> i see enormous pain in this country. a lot of folks out of work. a lot of folks going hungry, staring at the ceiling and night -- at night wondering what i'm going to do tomorrow. a lot of folks trying to figure out how to keep their jobs and take care of their children. a lot of folks reaching the breaking point. suicides are up. mental health needs are increasing. violence against women and children is increasing. a lot of folks are losing hope. and i believe the american people are looking right now to their government for help to do our job, to not let them down. so i'm going to act. and i'm going to act fast. >> that was president biden speaking earlier. we spoke to our washington correspondentgary o'donoghue, to hear what he thought about what the president had to say. re

. >>> president biden and treasury secretary yellen met yesterday with business leaders to talk about the white house's stimulus proposal in attendance, you had the ceo of j.p. morgan >> what business leaders had to say about approaching the issue, we're approaching this issue and to see if we can find some common ground. i know i'll find some common ground with republican friends a lot of democrats as well, so i'm optimistic. >> in attendance was the ceo of j.p. morgan, the outgoing head of the chamber of commerce and the ceos of walmart, the gap and lowe's joining us to talk about biden's stance on business is former ey ceo mark wineberger and former assistant treasury secretary, and serves on the boards of johnson & johnson, and met life. and former commerce secretary under president obama, penny pritzker mark, i want to start with you because you served on advisory boards in both the obama and the trump administrations, and i just wonder right now where you think the business community stands with the biden administration >> well, becky, thanks, it's great to be here, and great to

treasury secretary janet yellen coming out strong for biden's coronavirus relief plan. she said the plan could generate enough growth to get the country back to full employment by 2022. the buccaneers yarderback tom brady adding his name to more records. he has won more super bowls by himself than any other franchise. he completed 21 of 29 passes for three touchdowns. i'm ashley strohmier. k to sundan america. for all your headlines log on to foxnews.com. welcome back. we will talk about tampa bay's dominating win over kansas city soon. in the meantime, a columnist for the los angeles time wrote a piece about how she is conflicted about her trump neighbors who plowed her driveway. she tweeted this, we survived with her trump neighbors but here's what happened when they brought out the big dog, kindness. opec no. they just plowed our driveway without being asked and did a great job. how am i going to resist in the act of this active aggressive kindness. i've got to go to the panel quick. when is plowing the driveway, when did that become political for your neighbor? >> i