We start with the first major wall street bank to remove recession from their outlook the chief economist is standing by to make his case. And if the economy isnt deteriorating, why the downgrade, is it a warning shot to washington . Well ask the man in charge, dan clifton is here. He warns we shouldnt see more signs of stress building and the fed may need to cut rates. And well bring in the ceo of Summit Global investments. How should investors be positioning in response . Lets start with the big call from bank of america mike, thanks for your time and for rejoining us the last time we talked you had just kicked your recession call into 2024. And now it goes away entirely . Yes so thank you for having me on, kelly. Yes, i think we have seen enough, at least in the resiliency of the data, the upgrade to prior growth numbers, the solid gdp numbers. But theyre also happening in an environment where wage growth is moderating and inflation is moderating thats only happening gradually. Ther
Stocks not doing much. Revenue forecast, certainly concerning. Well talk to jim a lot about that, and well talk a lot about snowflake. That stock is down dramatically this morning, both on guidance and the news that its ceo, Frank Slootman, will be retiring. Suboptimal. Yeah. Suboptimal. Lets start with the inflation data, sort of get that out of the way before we move on. Whats your take on this pce number . In line is cool. Thats the way i look at it. I think that there were a lot of people who thought after the cpi this one would be bad too, and when you look at the progression of the s p futures, david, it really is incredible how negative people are underneath. I mean, when frank was on, frank holland, this morning, he saw the futures just sinking as if the it was a foregone conclusion that the number would be too high. We keep seeing that, which is, i think, one of the puts underneath the market, is the actual negativity of the futures. Interesting. And to your point, there is th
essence fast. i wish i was there, but i just would be there in spirit, all in with chris hayes starts right now. , al tonight on all in. come on. the hypocrisy is stunning. new supreme court rulings that make millions of people poorer, and open the door for discrimination. there are some people in this country now who believe that it was open season again on lgbtq people. tonight, two stunning two examples of the supreme court imperial overreach, and what happens next. today s decision has closed one path, now we re going to pursue another. then, an important new figure in the case against donald trump. starting with our campaign chairman susie wildes, who is really the best. really the best in the business. what we know about trump ain t susie wildes, and wide to big deal that you talking to jacques mid. it seems that susie wildes has spoken with investigators several times, it is earth shattering news. when all in starts now. good evening from new york
weekend. the 119 congress is the least productive in decades. that could cost republicans big come this november. some of them already acknowledging that they had the embarrassment of not having nothing to run on, and a monmouth university poll released last month found only 17% of americans approve of the job congress is doing. this is as crucial issues like taxation, the border, ukraine aid, and government funding remain unresolved. joining us now to discuss it all is the house democratic leader congressman hakeem jeffries of new york. welcome to you, sir, thank you for being here. this is truly one of the most unproductive congresses in decades. what is your take here on the current border fight that is currently happening on funding? this is about ukraine aid at the end of the day, but donald trump seems to be scuttling any potential for a deal that is going to come together. this is a do nothing republican congress of epic proportions, and what we have seen is that the
theirs was a failed attempt to overturn the results of a free and fair election. it failed attempt to disrupt a sacred tradition that has been a part of american democracy, making it a model of peaceful democracy for over 200 years. january 2021 marked a new beginning, a new phase in safeguarding the american experiment. i m jonathan capehart. this is the saturday show. here we are, three years after the insurrection. we are still living with the consequences of that day. the persistent threats to our democracy, with republican voters casting their first republican primary votes this month, donald trump continuing to hold commanding lead, they g lead, in the polls, we are faced with the startling possibility that the man impeached for in the riots on january 6th could be the man who claimed the insurrectionists had love in their hearts. who referred to january 6th as a beautiful day. who vowed to pardon the rioters criminally charged in connection with the violence. people he