raised. it s nonnot an acceptable situation for us to be able to pay our bills. that s treasury secretary janet yellen, reiterating her belief that the united states will go into default if the debt ceiling is not raised in just nine days. it comes as president biden and house speaker kevin mccarthy are set to meet again today in hopes of hashing out their growing differences on the budget. also ahead, we ll recap the president s trip to japan for the g7 summit, which included a meeting with the ukrainian president. plus, we ve got new reporting on turmoil inside the trump legal team that s representing him in the classified documents investigation. good morning and welcome to way too early on this monday, may 22nd. i m jonathan lemire. thanks for starting your day and week with us. we ll begin this morning with the debt ceiling. president biden and house speaker kevin mccarthy are expected to meet one-on-one today at the white house. this comes after a weekend of
money. so their losses are bound to be a little less here. they had 1.2, $1.3 billion worth of shoes still sitting in stock of these yeezy brands. and they decided we re going have to write them off or sell them again. so they tried to sell them, and actually there s been a huge, huge demand for this brand as well. so yeezys are selling off. in the initial sale more than $500 million as you noted, a key number they re actually not just going to get profits from. they re going to one, pay royalties to kanye west. two, they re going to try to offset payments made in delinking themselves from conway west, of course. but the third element around 8.5 million euros could be going to charity. five charities are set to be in the running between the united states and china that could be getting that. certainly, this is good news for adidas. of course it does mean the brand is still very important despite
adidas was going to do with this costly and huge inventory they were left with after terminating their partnership with ye, formerly known as conway west. they re going to donate a significant amount of the revenues. we don t have a breakdown, but they call it a significant portion for organizations that fight discrimination and hate. of about, the partnership was terminated because of ye s comments that were termed as hateful and anti-semitic. in terms of adidas as a kpaerng there will be no immediate effect. target is recalling nearly 5 million candle jars. okay, tell us about that. well, there is according to a fresh notice put out at the end of last week from the u.s. consumer product safety commission. according to the notice, target
gershwin family to give me this incredible award and for me to be awarded it by the library of congress and, in fact, after the last eight years, it s great to have a president who knows what a library is. bill: okay. now, paper in london gave mccartney a chance to apologize. mccartney says i m not apologizing because it s just a joke. you say? i say as a conservative i long ago reconciled myself to the reality that none of the popular culture icons whose art i enjoy are going to agree with my politics. if you are a conservative and like pop culture you will have a bill: what about mccartney saying look it was just a jest. does he need to apologize? conway west, alec baldwin. not apologize for the original comment. what people do now everyone suddenly becomes a comedian when they make fun of somebody and they get caught and then they
gershwin family to give me this incredible award and for me to be awarded it by the library of congress and, in fact, after the last eight years, it s great to have a president who knows what a library is. bill: okay. now, paper in london gave mccartney a chance to apologize. mccartney says i m not apologizing because it s just a joke. you say? i say as a conservative i long ago reconciled myself to the reality that none of the popular culture icons whose art i enjoy are going to agree with my politics. if you are a conservative and like pop culture you will have a bill: what about mccartney saying look it was just a jest. does he need to apologize? conway west, alec baldwin. not apologize for the original comment. what people do now everyone suddenly becomes a comedian when they make fun of somebody and they get caught and then they