Alert the day care staff. He recently called the white house an adult day care center. I didnt make any of this up. Kasie hunt joins us live now. So the president is heading to capitol hill in the next hour for what is supposed to be a, quote, unity lunch with gop senators focusing on the tax cut plan. How awkward might this get . Reporter i have to tell you, ali, ive been roaming the halls of capitol hill for some years now. I havent seen anything like this before where you have the powerful head of a very Important Committee at a time when not only do we have americans deployed overseas but are potentially face iing at th least the possibility of war with north korea and you have the president and head of that Committee Trading Insults back and forth on twitter and of course for the tv cameras. Those words that Senator Corker
Senator Corker gave voice to a lot of peoples expectations that this will be more of a photo op than anything for the president of the United States. Because i
republican house s ascent. assent. that s part of the problem with this. as for the numbers, yeah, according to the cbo domestic discretionary spending would go up by about 36, 36.5 billion in defense and defense discretionary spending would go down about $32.5 billion if these 1% provisions kick in. there were some republicans for whom that made a big difference, and that s why they voted against it. for me, basically the whole bill was the argument against it coupled with the fact that american families, moms and dads, businesses, people everywhere are struggling under the inflationary effects of this massive deficit spending. maria: yeah. we have to bring it under control. maria: real quick, senator, before you go, we want to look ahead. what are you going to do the about this climate agenda the that this administration has a whole-of-government approach, continuing to push through? i know you think this is a
republican house s ascent. assent. that s part of the problem with this. as for the numbers, yeah, according to the cbo domestic discretionary spending would go up by about 36, 36.5 billion in defense and defense discretionary spending would go down about $32.5 billion if these 1% provisions kick in. there were some republicans for whom that made a big difference, and that s why they voted against it. for me, basically the whole bill was the argument against it coupled with the fact that american families, moms and dads, businesses, people everywhere are struggling under the inflationary effects of this massive deficit spending. maria: yeah. we have to bring it under control. maria: real quick, senator, before you go, we want to look ahead. what are you going to do the about this climate agenda the that this administration has a whole-of-government approach, continuing to push through? i know you think this is a
a lot still to look forward to when it comes to this market picture. you mentioned earnings. we heard from u.k. company bp which post its biggest profit in its history. certainly raises eyebrows. tell us more. let me run you through some of the numbers as well. shell came out with a $14 billion profit for 2022. chevron came out of $36.5 billion for its profit. and then 27.7 for bp, so joining the whole host of oil majors coming out of bumper profits and also saying the wind fall tax they paid was $108 billion, and u.k. tax was 27.7 billion there
twice as high as a year ago, but the good news is, they are inching lower for the fourth week in a row. they are well below that almost 20-year high that was set last fall of 7%. and hopefully the fact that they re settling in here just above 6% gives buyers and sellers some certainty. these oil company numbers are bananas. that s a technical term. there s a well-crafted question in the teleprompter, they re bananas. they are making a mountain of money, right? shell just reported earnings of $40 billion last year. they doubled their profits. now, it s not just shell. exxon, almost $60 billion, s chevron, $36.5 billion. you add it all up, $135 billion from just those companies. that is enough to buy every single nfl franchise. which is pretty amazing. it s bananas, that s what i said. it is worth noting, this is a notoriously boom to bust