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pete: hello good morning it s 8:00 o clock hour on the east coast, that was a navy band northeast ceremonial band that you were listening to. they have been here all morning and they were here yesterday and they are fantastic, it is the day before memorial day, the day before we recognize, honor and remember all those who lost their lives in service to our great country. from that we have fewer e-mails honoring service members in their lives that were killed in action. pete: let s start with john and judith who are in remembering their son john j dunn, he was killed in an intruder aircraft to japan in 1984. rachel: honoring the navy johnny johnson he was killed aboard the uss plymouth when he was torpedoed by an au boat off the coast of cape henry virginia back in 1943. lastly lynn is remembering her cousin billy mays in the vietnam war 1965 the family says, the heartbreak is still as wrong today as the day we were notified. let me tell you all the vietnam veterans neve ....
comes amid new reporting that federal prosecutors have zeroed in now on donald trump s efforts to overturn the 2020 election, focusing on the man himself. the attorney general saying anyone who tried to interfere with the peaceful transfer of power will be held accountable, that includes, he said, a former president or a candidate. trump meanwhile returned to washington for the first time since leaving office. and dropped several more hints about whether he may run in 2024. as he and mike pence held dueling speeches in washington about the future of the republican party. good morning, welcome to morning joe. it s wednesday, july 27th. i m willie geist, we the host of way too early and host of the politico, jonathan lemire and the author of the book the big lie and mike barnicle and katty kay. morning, i want to begin with the investigation to overturn the 2020 election. four people familiar with the matter telling the washington post federal prosecutors have now ....
I suspect the real reason california is a difficult place to do from a typical standpoint. i m a businessman a very tough place to do business, they make it difficult. what i would also say this is a red flag to every other state in texas and florida, all the other states in the nation as a whole. we have to make sure that we keep insurance competitive. these costs are going to drive up costs for working families everywhere because insurance is a baseline cost for business you cannot do business without insurance and you can t own a home or properties without insurance, we have billions of dollars under management and assets in florida and texas where we tend to want to own because they don t like owning in california because of these reasons of the regulatory environment. we have other insurance problems of the cost going up. if you have a competitive environment because you taken on big players, that s going to drive up pricing. that pricing is going to affect ownership whether homeo ....
i apologize, i ve been up for a couple hours. great callback. anyway, here s what we re thinking, the expectation is what we ll call on cnbc a 75 basis point hike. on normal tv, three fourths of 1%. in other words raising that baseline cost of three-fourths of 1%. we don t know, there are talks that could go bigger all the way to 1%. either way, willie, whatever they do, 75 basis points or 1% going to be one of the biggest rate hikes in recent american history. why are they doing it? because, i don t need to tell the audience, you go to the store every day, they see inflation for themselves. the federal reserve is trying to pump the brakes on the economy. the idea is this, the fed raises rates. banks raise rates. i hate to say it, credit card ....
Uses a baseline cost of $34 trillion over ten years. elizabeth warren is using that number saying that she could find savings of $13.6 trillion which leaves $20.5 trillion in new government spending and this is where she says the savings come for from. insurance, prescription drug reform, payment reforms. things like that. and this is where the new revenue comes from and every last one of those things, almost every one of them is a tax of some sort. but she manages not to have middle class taxes in there. right. and i think that was her goal in this, right? the big question at the last debate was are you going to tax the middle class? and she didn t answer that. so this says no, no, no, no, i m not going to tax the middle class. and, you know, her numbers i think in that sense work out. there are a lot of other kinds of taxes and, hey, the middle class spends a lot now in terms of premiums, deductibles. so for that to be taken off their plate and not to get a new tax, this is a t ....