Mcmullen on persistent inflation and how the consumer is doing at the grocery store. Its a big deal for sure. Topping tape this morning is the focus on the fed and what youre seeing right now from markets is wait and see, Holding Pattern, if ive ever seen one. The s p is just about flat on the session and the nasdaq is outperforming, if you want to call it that, sarah. Its up about one quarter of 1 . Right now, weve got cnbc senior economics reporter Steve Liesman joining us right now steve, sarah and i talked about it this is very much about what the fed is going to say. Is there any surprise happening or is the market pretty much just baked in, that one quarter percentage point hike at this point . Actually, both of those are true the market has baked it in, but i think theres some possibility that the fed looks at the landscape, especially the landscape as tainted yesterday by the Regional Bank, the decline of Regional Bank stocks, and says, you know what, this is a problem here and
Institution for a decade. One of our finest and most objective i think in scholarly think tanks in washington so im glad to be here. Glad to be with ryan and patricia will have a conversation and i will not bore you with a long speech. They have asked me to give a few introductory comments. I wanted to do that to set the stage of where i think we are in u. S. China relations. Ive just come back four days ago from beijing and its been a very active period in a relationship with the china and was with the president in woodside, California North of the stanford campus for his meeting with president xi jim king. I look at this and i think most people do come of the u. S. China relationship is the most consequential relationship the United States has now. Particularly we will have it for the next couple of decades. We are the two leading economies in the world and will be into the 20 40s and we are the two most powerful militaries in the world and certainly will be for the next two or three
speaker kevin mccarthy left the meeting sounding optimistic about how things were developing. biden told reporters that he was confident about reaching a deal, and that all parties were in agreement that default was not an option. mccarthy had even said that it, was, quote possible to get a deal for the end of the, week but signs of renewed discord svelte back out on friday. republican aides pause the discussion, and saying that it was, quote, not productive. democrats and republicans remain far apart on a number of issues, including spending cuts, and work requirements for federal benefits, which mccarthy has said is a red line for him. talks between congressional republicans in the white house have yet to, presuming yesterday, mccarthy s made his dissatisfaction public. tweeting, quote, president biden does think that there was a single dollar of savings to be found in the federal government s budget. he d rather be the first president in history to default in the death tha
carton they ll be fine. o those are the good old days. lawyers all day long gone. all better not keep the jokes going. i ll get in trouble. handed anything show. i m laura ingraham. this is the ingraham angle from washington. tonight. from where s al? that s the focus of tonight s angle. now, there s only one thing thes worse than al sharpton claiming to care about black people. it s than al sharpton and one of his proteges pretending to care peol an about black people. well, each of them celebrate one another. you got convictions was the first time we had convictions of a police officer like that.s in all the years that i veth ben you v. and this was monumental. t you ve sethe the template on how e kind of cases.ll o all of us remember how you yolked about get off our neck. you ll remember that that was such an important moment. and yo au were a voice for the people because of the the precedent you laid down in many others laid down al sharptons. did you say a voic
the growing humanitarian crisis at the southern border spills into northern cities. after a covid era immigration policy ends. we are live with the latest developments from along the border in el paso texas coming up. one year later, a somber sunday in buffalo. the community comes together to remember the ten victims killed at a low white supremacy is shooting rampage at a local grocery store. how the community is healing after the hate ahead. later, simply the best. moms, this one is for you. my special mother s day message. he ll definitely want to hear. a good sunday morning to you, i m katie phang. we start today s show with the latest number of southern border crossings. it s been three days since the end of title 42. the trump era policy that made it easier to expel migrants seeking asylum. the anticipated surge of migrants has not materialized. what a patrol only encounter just over 6200 migrants along the southwest border on friday. that s a steep decrease from the