i m martha maccallum. we have two big breaking story at 3:00 p.m. eastern time this afternoon. israeli forces pressing in to the heart of gaza city now. this is the moment that many have been knowing would come in all of this. it is now underway. we assume that hamas terrorists are digging in in many of the tunnels that we have seen uncovered by the idf. this is really being called an unprecedented city-street-to-street battle. civilians, many of whom have been trapped by hamas essentially, can t get out in a lot of these situations. there s hostages, more than 200 of them some where in this space, including americans that we understand are held somewhere in the city. this is an extraordinarily tense situation with a lot of lives at stake. so our coverage will continue as we get new images from the fight in throughout the course of this hour. also, iran continues to attack us at our bases in the region. our u.s. service members. what is our response? john kirby will join us f
washington on the big news regarding vaccines. 100 million of these johnson & johnson single dose vaccines that will be out there. i guess, kevin, pronto, huh? yeah, sooner than some expected. although to be fair, not as many doses unfortunately, neil as had been hoped for. this is a boon for all americans that still need to take the vaccine. this is great for everyone especially as we try to get the economy rolling again. the white house today actually told governors on tuesday to expect fewer than 400,000 doses of the johnson & johnson vaccine next week that is far below what they initially had expected to be available however, in making the announcement today with johnson & johnson and merck, the president said he s helping manufacture this vaccine under the deal brokered by the white house. that s a win for all of us. you may recall last week, mr. biden announced the u.s. would have enough covid-19 doses for every adult american by the end of may. that was in itself a t
they didn t involve democrats. the speaker is talking about going after entitlement reform early in 2018. so the president is going to have to step up here and say whoa, whoa, whoa. if we re going to focus on structure, let s bring democrats in and have a meaningful conversation. that hasn t happened in congress yet. so are democrats willing to deal? sure, they have to be invited to the table. they weren t invited to the table on healthcare or tax renorm. we ll have to see. ashley, this might be one where he s able to make that crossover. welfare reform, that is what the speaker wanted as the main agenda item. it s not what the president wants. politically speaking, how does it play out in your view for republicans in 18 if they re out there spending money on infrastructure instead of saving people s tax dollars through some kind of welfare reform? trish, you hit the nail on the head here. the messaging that s coming out
shareholders but in terms of more jobs, more investment, higher wages because there is more demand for a fairly statement and full employment work force, then that will have a dramatic effect on people s lives and have a dramatic effect on the political fortunes of tax renorm. we ll have to wait and see. and that was the president s argument. he said it would bring trillions back because of taxes and added incentives. that s his argument. a lot of experts say when you have a economy growing at almost full capacity, full employment, what you might see is a rise in interest rates. again, we don t know. this is what we re going to see. there s a counter argument that is it s going to overheat the economy. you might see a rise in interest rates, a rise in inflation. that there could be, you know, some unintended consequences of this. would the corporations put money
neil. neil: so if you don t, heather, then what? it goes down. market declines 10 to 20% even. if we don t get corporate tax reform, this is already priced in to a lot of the earnings. we have corporate earnings right now. they re doing well. we also need tax renorm before year end to help market the markets go higher. neil: gary b. smith is saying it s not priced in. this could be that and ubs saying yes, this thing is a rocket if those tax cuts are approved. absolutely. i think it s a rocket either way. if you come in on a monday morning and all of a sudden it s approved, the markets sky rocket. to heather s point, i dread waking up on a monday morning after a sedate weekend and saying that it s done, didn t get passed. my gosh, the gap down in the market could really be huge. but that would be very