and california is a donor state. can the federal government force the lapd to pick people up for immigration raids? no. think about it practically. i can t have my officers solving homicides, rapes, burglaries, if they suddenly become deputized. it s not only against thelaw. we ve always said the most conservative police chief we ever had started this policy in the 70s. because we have to have the trust of the people we police. logistically, we would stop solving crimes in los angeles if they had officers. mayor eric garcetti, thanks very much. up next, did a member of the trump administration break the law by talking to russia? that s next. and later in the show, we ll talk to the family of a woman who is being called the first victim of trump s immigration raids. and we ll have more on the i.c.e. raids that are sending shudders in immigrant
right by matt beven in kentucky. and that has been also the state of play in that it kept michigan mcconnell off on the sidelines sort of. and made it difficult for them to get involved in this. now he s had to get involved in this because a lot of republicans know that he is somebody what s been there before and be able to craft these deals. the dynamic is not a great one. but perhaps they can get over it and get us to a deal. thank you so much for joining us. so the stalemate there in washington is sending shudders through the stock market. alison kosik is here. and it s interesting last week we sort of ended on a hopeful note. monday comes and pes michl comes in again. the dow has corecovered now about 70 points. i talked with one trader that said, you know what?
toast, we could all be toast if they don t get this going. the clock ticks while the stalemate in washington is sending shudders through the stock markets the ripple effect. investors appear to be losing confidence that a deal will be hammered out before the deadline. alison kosik the closing bell just under a half hour away. what are you sensing? we re looking at the opening bell in less than a half hour. this as optimism from last week quickly fades because that s when the dow gained a total of 460 points, recovering all the losses it wracked up since the shutdown started october 1st. if the market perceives there s no deal you ll see the market give back the gains that it took last week and the global view of the u.s. standoff, center stage at a finance conference, jamime
i also have to be concerned about cross examination. if they trip my witness up in cross examination that s very damaging. we have to end it there. it will be interesting testimony tomorrow, that s for sure. i know you two will be back tomorrow. we enjoyed having you, tanya. please come back. in just 15 minutes, i ll talk to the attorney for one of the trial s most memorable witnesses, rachel jeantel. his name is rod vereen. he ll join me in the 10:00 a.m. eastern hour. also this morning egypt celebrates and the world shudders. why the government overthrow may start hitting your wallet.
joining me now, let s first talk about wall street and how it reacted. it began very promisingly as your graphic showed. there was a brief flurry into the green for about the first 45 minutes of trading and the s&p 500 came within a quarter of a point of an all-time closing high earlier today. then there were some comments that came out from one of the officials associated with the european union. in which he said basically, later retracting it, that he thought that the bailout provisions in cyprus would be a template for the rest europe. this send some shudders through the european banks and there are stocks and that came across the atlantic. and for much of the morning, the dow industrials were down more than 100 points. but after a spokesperson for that e.u. official sort of walked back from those earlier comments, the dow has come back. as you see, it is off just 55 points. one of the folks we talk to on air on power lunge about an hour