juneteenth, of fresh perspective . we will also pay tribute to the late great mark shields. his daughter amy will join me live. the first, the u.s. medias narrative about president biden. it s facing a perfect storm right now with the rising inflation, skyhigh gas, the continued covid pandemic, the president s unpopularity in the polls. more and more columnists are commentators are bringing up biden s age is a factor as well. right now, some liberals see up pylon going on. conservatives just think others are coming where they have been. standard photo ops seem to be going sideways for biden right now. chooses what video to show. maybe warps these narratives. vs reporters come you will see those complaints. this week, he invited a reporter from the associated press into the oval office for 30 minute interview. it was a rare move at some of these headline said. there long list of media outlets still waiting for the turn with the president. there was an news in that interview. t
Back to a few classic market tents. I think theres a level of the trump policy thats very unknown. People that try to do the math to tax cuts, and entitlement that dont change, and spending doesnt change. Theres a lot of elements to this. I think were way too early to assess. Clearly, so far, theres no substance to any of this stuff. I think for markets, this is unsettling. The flip side of that, of course, is if youre expecting hillary, who was supposedly, yeah, if thats the devil you know, for wall street, im not sure you love the devil. I think uncertainty, for markets, dropping into the context where weve been, markets have went to the peak, traded right up near the high, and traded sideways and now theyre giving something back. To call this i would not relate this to trump. I actually think the point tim makes, lets look where the market has been, and where it is now. 1810, up to 2050, 2060. Down at 1810. I said this last night. You didnt have to worry about everything out there.
We start the hour with breaking news. The futures are surging on the news that the fiscal cliff has been averted. Welcome to squawk on the street. Im melissa lee. First trading day of the new year, poised to begin in rally mode. Keep in mind, this is off of the big rally we saw on friday precliff. The biggest gain we saw in the month of november across the board. This, of course, as Congress Takes measures to avoid the fiscal cliff. Take a look at this. This is something you dont see too often on wall street. The dow looking at about 202 points at the open. Look at the picture over in the european markets. The optimism has carried over there as well. The dax is higher by 2 . Italy up 3. 5 . But of course, jim, what a twoday streak of gains we will see here on the market. I think that were set up to go higher. I also want to caution i dont like to buy up 2 , 3 . Thats never been a terrific way to get the year started. Theres a lot of money coming in. I do want to be optimistic about 201
Darlie cook has been one of the leading election analysts and the business for decades as founder of the aptly named cook report, a nonpartisan newsletter covering elections and campaigns across the country. It is great to see you again charlie. We are also happy to welcome back mathew dowd who has worked for leaders on both sides of the aisle including cheneys race and Arnold Schwarzeneggers campaign for governor. He is coauthor of the best selling book and news junkies have no doubt seen him as a political analysts on msnbc or abc news. We are very grateful to have real pro moderate as these are all real pros. It is great to have you back john harward as our moderator. He is a long respected veteran of political reporting from washington and the white house you may know him from his bylines at the washington journal one of the best. Turn over to you john. John thanks very much. Just to add on to your introduction, [indiscernible] i am going through a blue. So maybe. I would like to s
To try to force you, the american taxpayer, to pay for the trump wall. To be clear, a wall that was supposed to be paid for by mexico has resulted in a part s ial Government Shutdown. 420,000 employees work without pay over the holidays and additional 380,000 will be sent home, according to a fact sheet created by democratic staffers. This is now the third Government Shutdown this year, with total republican control of the white house, the house and the senate. And despite donald trump now trying to pass the blame off on democrats, here is what he said. Just last week, during a meeting with Democratic Leaders that he decided to conduct live on the tv. And i am proud and ill tell you, im proud to shut down the government for Border Security, chuck, because the people of this country dont want criminals and people that have lots of problems and drugs pouring into our country. So i will take the mantle. I will be the one to shut it down. Im not going to blame you for it. The last time you