far two often far too often. we have to do something to stop gun violence ripping apart our communities. ripping apart. [ applause ] good morning and welcome to morning joe. that s president biden joe biden delivering a speech. another deadly shooting. we re going to have more on the victims and the expected gunman just ahead. and the white house talks about three unidentified objects that were shot down over the last week with a new explanation of what they could be. and we re going to have new reporting from the justice department that could overcome claims of attorney-client privilege from one of donald trump s lawyers ominous news for mr. trump. mike pence continues to stonewall any efforts to get him to testify about january 6th. good morning. welcome to morning joe. i was thinking we could talk about the new york times story do we have the times here? new york times on italy s prime minister surprising europe or i m going to take you know whe
. good to be with you, i m katy tur, former vice president mike pence is putting up a fight. a moment ago in minnesota, he told reporters he is pushing back on special counsel jack smith s subpoena requiring him to testify about january 6th. pence is citing the speech and debate clause, something normally reserved for sitting lawmakers. my fight is on the separation of powers. my fight against the doj s subpoenas very simply is on defending the prerogatives that i had as president of the senate to preside over the joint session of congress on january 6th. for me, this is a moment where you have to decide where you stand and i stand on the constitution of the united states. yesterday if you were with us, you would have heard former federal prosecutor paul butler tell us that argument, that speech and debate clause would be a good academic paper for a law student but not as good of an argument in court. after all, pence was not a legislator, technically. he was vice presi
historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn s matthew gin et joins us. we ve been awaiting this decision, what has the fed said? 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we ve never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to the early 80s under paul volcker. i think this says how stubborn the inflation has been. the fed s statement, which is watched very closely, is basically identical to last month, except for one key part. the fed reiterated that ongoing interest rate hikes are likely to be appropriate, but they added that this is going to be the case in order to get policy restrictive enough to get inflation down
And what will the long awaited Special Grand Jury report reveal, a very big week, coming up. And just what the doctor ordered, the Biden Administration moves to lower Prescription Drug costs for millions of older americans. Big pharma is promising a big fight. Domestic Policy Adviser to President Biden joins me live to discuss. All of that and more is coming up. And a good Sunday Morning to you all. I am katie phang. We begin with a look at the week ahead on capitol hill. The senate is back in session on tuesday and Majority Leader Chuck Schumer is making his First Priority crystal clear, funding the government. In a letter to his colleagues, he says that the country, quote, cannot afford the brinkmanship or hostage taking we saw from House Republicans earlier this year. But that could prove to be difficult, with some republicans of the house already tightening or threatening with a shutdown, while also pushing for an Impeachment Inquiry into President Biden. And once again, Congress N
Tom and john are both on a cruise together. I am joined by manus cranny and damien suss our. Manus you will get a lot of guys side notes. Where do you want to go for defense . Lets go long with amazon. I think the street has 65 vibrating and one hold rating. Lisa i was looking at some of the flows and there was the biggest inflow into tech stocks for the past week in the past eight weeks. It feels like i the dip underpinning everything. Maybe this excuse to sell everything yes its geopolitical. Manus when we came in here on monday morning we ratcheted by 15 basis points. Look at the shorts on treasuries and they are building again with open interest bond treasuries. They are rebuilding short positions. Damien rate differentials are the name of the game. We have a lot of Central Banks meetings coming up, we have malaysia, norway. In emerging markets theyve been in front of the fed on cutting rates. Lisa they have been ahead of the developed world banks. We will get the pce figure. How m