Buying program. And Steve Liesman is going to join on us in the next hour with an exclusive finding of the latest cnbc survey. Also on todays economic agenda, august cpi is coming at 8 30 eastern pim. Economists say the headline inflation number likely rose by 0. 2 . Also, here is a little bit of news for wall street. U. S. Grand jury has now indicted two former jpmorgan traders involved in the banks london Wales Trading scandal. They accused of hiding hundreds of millions of dollars of losses on market positions in a credit derivative portfolio. Kate kelly reports jpmorgan is close to paying about 800 million in fines related to the london whale losses. Get this part,. This may be the most important of all of it, jpm will admit to wrongdoing aus part of a settlement and that will be perhaps one of the first time weve seen that. It could be a key change for how these legal settlement. Son wall street are made. Joe. Thats interesting. Wrongdoing. Im trying to figure out what was the wro
Contributor, robert gibbs, senior Political Editor and White House Correspondent for the Huffington Post, sam stein. And Senior National correspondent for Bloomberg Business week, josh green. Well get right to the news. Does anyone want to crystallize whats been going down on the past 24 hours . Not exactly crystallizable. Its confusing. I think its now republicans selfdestruct. I dont know what the word chaos is the industry here. Thats what weve been seeing all the time. This is different. Special chaos. Seasonal chaos. For breakfast every morning. Its not special word, its chaos part 7. Well let the story speak for itself. There are just three days before the threat of the federal government shutting down becomes a reality. Later today, the senate will begin voting on a bill to fund the government. Majority leader, harry reid will then look to amend the bill, stripping of it any language to defund obama care. After todays vote, the bill goes back to the house, where lawmakers will h
Good morning, everyone. Welcome to weekends with alex witt. Heres whats happening. New reaction from here and overseas about tkraeupblg word that president obama and the new iranian president Hassan Rowhani spoke to the phone on friday, the highest level talk between the two countries in decades. It is a serious sign. The two of us discussed our ongoing efforts to reach an agreement over Irans Nuclear program. I reiterated to president rowhani what i said in new york. While there are surely be certain object stals moving forward and success is by no means guaranteed, i believe we can reach a comprehensive solution. This phone call is a dramaist shift between the two countries. Came about thursday between secretary of state john kerry and irans Prime Minister. Rowhani broke news of that call tweeting just minutes before obama spoke with reporters. This is the biggest sign of respect that this country has gotten in 34 years from the United States s. And president rowhani has said without
The Affordable Care act. The chances of a peaceful outcome on all these fronts appears weak or remotely foreseeable. But to the election of their own districts. A Strong Majority of those districts voted against barack obama in november. Even as the overall population voted for him. And this, i believe, is the cruel arithmetic that drives the divide in todays american politics. While the big city has given the president the majority and mandate, the district by district vote in rural areas has given the republicans their mandate. The vote against obama and the Health Care Act that will join him in the history books. I make one prediction tonight. And even this is based on a hypothetical. If obama agrees to any bit, he will be rebuked as no president has before. And not just by the right. The irony is those on the political right are asking him, barack obama, to end his political life by his own hand. It is for this reason they havent figured out the end game. If obama will not do what
Avoiding a shutdown. Three days, nine hours away. A resolution, the house is going to be in over the weekend. Question is, can we git done . Im in a hostage situation. Its totally up to john boehner. He has to decide does he continue to appease the Tea Party Wing or does he put a clean cr on the floor. The continuing resolution funding the government is now out of the senate and in order to avoid a Government Shutdown, its up to House Republicans to now pass a spending bill. So, over the next three day, House Republicans will have to decide whether to join the senate and keep the government open or shut it down. And as democrats led by the president are pressing Speaker Boehner for a clean bill that funds obama care, it looks like House Republicans are taking directions from someone else. I view whats critical is that the house pass a measure that protects the American People from the harms that obama care is causing. According to robert costa, senator ted cruz is continuing to press c