starting to use summer holidays as goal posts. covid safe gatherings they want by the fourth of july. progress on an infrastructure package they want by memorial day. this is a blue collar, blueprint. and there is some wiggle room for how high he will raise corporate taxes. i m willing to negotiate that. the president wants to 21 to 28. joe manchin a smaller hike 25%. which makes him a powerful man. i think he is in a position in a 50/50 senate to get whatever he wants. one key biden ally in congress is guessing the current $2.25 trillion white house proposal may be too big to pass. i do think that there is an opportunity here for us to come together around a smaller package and by smaller i mean hundreds of billions of dollars that is directly targeted at hard infrastructure. president biden is still thinking big. it s the single largest investment in american jobs since world war ii? how many jobs is that? moodies suggest it would create 19 billion jobs.
if you look at the headline numbers. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, monetisation and capital expense. they look at monetisation, for example, across the board, we are seeing cloud revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for and i we still think is intact. we think that any excess correction in as a buying opportunity. what is the implication buying opportunity. what is the implication of buying opportunity. what is the implication of these buying opportunity. what is the implication of these big - buying opportunity. what is the implication of these big tech i implication of these big tech compan
what could the americans do? here s our international editor, jeremy bowen. well, one of the president s officials said actions speak louder than words. what are those actions going to be? well, we can only speculate at this point, but what tends to happen is that the us military gives the president a menu of options that he can choose. and the lowest level, if you like, might be to hit back at iranian proxies operating inside syria or iraq. that might not be enough for the americans, and especially not forjoe biden s critics back home. so they might do something a bit more. they might go for iranian targets in those countries or they could go for maybe iranian targets in the gulf. the most extreme option, and i think this is highly unlikely, would be to attack targets inside iran itself, inside the territory of iran. that s something that the americans have not done. so we get to a situation now where the american secretary of state antony blinken, says that the middle east
this sunday, the sun is in our 11th of vote-a-rama as democrats push to pass legislation that will just climate and taxes. if, pass the inflation reduction act would be the largest common act in u.s. history. it also lower the cost of prescription drugs for millions of americans. this potential win for democrats, and addition to the politics of abortion, could result in a boost for them at the polls in the november midterm elections. meanwhile, trump backed candidate swept the arizona primaries, which means election deniers are now at the top of the ballot in at least four of the six battleground states that determine the winner of the 2020 presidential election. all eyes are now turned to tuesdays wisconsin primaries, as you can government ella barnes is set to be the first black major party nominee from the badger state. and you will be taking on republican senator ron johnson joining me now, charlie sites, msnbc contributor and editor at law at the bulwark, plus proud