michael cohen s cell phone, if you look sad and he can t copy, and he can t transcribed notes. they re really trying to minimize how much of this can leak into the public ahead of the trial. and we all remember that donald trump does pose things on his social media, particularly when he is displeased with an investigation. so how do we get here to the point where the judge felt the need to do this? so this was all from the prosecutors. if you remember at the arraignment they brought up trump s post, because all leading up to the charges he was criticizing the district attorney alvin bragg. he was putting out some pretty inflammatory posts. and even then he was criticizing the judge in this case. so the prosecutor said look, you keep saying all the stuff on social media, can we reign this cnn? the judge was very even-handed. he said i ve been telling both sides prosecution you control your witnesses, defense you control your client, don t put anything on social media that
prematurely, but you have also missed out on a significant value. i do anticipate some kind of rally. and markets think that listen, we stared down the barrel before, we know the game goes, we know the ending to this movie that is of course going to be a deal. and when you think about all the different, as you put, it tricks the janet yellen might have up her sleeve some people say look, if she can go through mccarthy, they can t go through the market, the biden can t go through mccarthy, rather, maybe there s a way to go around him. that s tricky. but just in terms of a deal to make a deal and some kind of short term way to kick the can down the road a little longer, and then on top of that not defaulting in terms of not paying bond holders, avoiding that scenario, people believe that nothing catastrophic is going to happen just yet. but who knows? i already graded kicking the can down the road? like they always do [laughter]
is that probably what they will probably ? that is what i imagine, that s what i think they re going to. do i also think that, look, for president biden you have to think about how this is going to cost him politically, if this goes pear shaped. with the elections next. year there s so much at stake for him, politically. if there is some kind of default that opens up a lot of room for president trump. when you blame him another republicans in congress? i think that especially with the elections coming up next year i think it would not be good for him. his approval ratings have already suffered and doesn t look good. it opens up room for double. trump when you think about, mccarthy is no wiggle room for him because he could lose his job. one person can call a vote and he could lose his job. so i m not sure it s how i was going to play out politically, but from both sides it s so much at stake here that you would think that although, i will say for the house, there is that sayi
i don t see anything area where we can get a real deal at this point. we ve only had eight days left. the best we can hope for is a deal to make a deal. you think about all the different things and all the different levels of arm twisting that would have to be done for there to be a deal before june 1st, and for a biden to reach a deal with mccarthy, for mccarthy to sell it to the house freedom caucus, for it to go through the house and the senate and on the presidents desk. all that needs to happen. it s unrealistic. i think june 1st, we wake up, if there is no deal, that will be very stressful day for janet yellen, obviously. i think that what is tough about it, we have heard it before, that she of course house to decide who to pay first. do you pay the international bond holders or people who are expecting social security checks and need that money to buy food and pay the rent? and of course even if those payments are late, it can have a really devastating ripple effect because peop