of the witnesses in the house investigation into the january 6th attack. plus, republican congresswoman liz cheney of the committee defending her work there during last night s republican primary debate in wyoming, as she fights to keep her seat in congress. and the latest in the debate over abortion rights. president biden says the senate should make an exception and suspend the filibuster and its rules to allow new protections to make it through congress. but does he have the votes to pull that off? we ll discuss it. and a brutal six months for financial markets, as wall street closes out one of its worst periods in a half century. brian sullivan joins us in a moment to look ahead to the next six months. with us this morning, we have u.s. special correspondent for bbc news katty kay. and pulitzer prize winning columnist and associate editor of the washington post, eugene robinson. let s start with the questions of whether donald trump may be trying to influence wi
policy. she could not think of many things more frightening. president biden blasted the ruling, which experts say could hurt the white house plan to kurt gas emissions in half by the end of the decade. for more, let s bring in cnbc s brian sullivan. good to see you, sully. how is the business world reacting to this? well, this is a big blow potentially to the clean energy agenda, which, by the way, could be a major economic driver, as well, willie. let s not forget, there are trillions of dollars globally that are looking to be invested in clean energy alternatives. wind, solar, hydro, you name it. this could be, not will be, but it could be a blow to that. it also may be a more wide sweeping decision with regards to what they call the major questions doctrine. i ll get to that in a second. the decision, to your point, was 6-3. effectively said that unless congress expressly authorizes something in the text of a law, that regulatory agencies, whether in this case it is the
uh-huh. isn t that happening faster, actually, than the rules would have made it happen, just because of market forces? well, i think you re right, gene, yeah. and i think that s one aspect to this. i know the headline for the supreme court seems pretty grim, to your point. these laws actually were never enacted. in fact, they were based off nixon era law that also was never enacted. i think the court was trying to make a bigger point. yes, you are correct. market forces are working to say, guess what? with esg, environmental social governance investing, we don t want coal. the wall street money is not beginning to go there anyway. these ultimately are going to go away. they re bad for the planet. what we re going to do is put all our wall street capital, global capital, into things like either natural gas, maybe nuclear, we ll see, gene, wind, solar, et cetera, and the irony of it is, right now, is that
to the agency to do. i respond, good luck with that. the epa rules are developed, you know, by experts and scientists and people who know the data, this and that. good luck trying to get congress to go through that sort of process and come out with anything that s meaningful or intelligent. but a question for sully, which is, in this case, the rules in question, which were kind of moot anyway because they re obama era rules that never went into effect, then trump era rules never went into effect, and there really wasn t anything concrete for the court to decide here, but they decided it anyhow. but the whole point of what the obama administration was trying to do was to get these existing power plants to switch from coal to natural gas and cleaner fuels.
think this is day one of the second half of the year. the first half of the thank goodness. year was dismal for investors. what are you looking ahead to the second half? there s been a report from the euro zone saying inflation hit a record high of 8.6%, not particularly cheerful news. how is the second half going, and how is the inflation number doing? you re right, we re not. but it is friday. we re heading into the fourth of july weekend. i don t want to be the grim reaper. i want to be optimistic. a nice american optimist at this point? that s right. hot dogs. we re going to have sleep, also. willie and gene, we re talking about sleep being key on the long weekends. yes. here s what we re looking for, the federal reserve to pivot. right now, the federal reserve, the nation s centralraising int trying to slow the economy, pump