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the rout of the presidential party is total, and no majority is presented. donald trump knew the big lie was a big lie. they used it also as a big shakedown. we can t allow people to decide that they are above the law and that they are more important than our constitutional processes. announcer: live from london, this is cnn newsroom with isa soares. welcome to the show, everyone. it is monday, june 20th, 9:00 a.m. here in london. and we ll begin with economic uncertainty as investors watch to see if the united states can tame historic inflation without, of course, triggering a recession. global markets have been in flux since the u.s. federal reserve hiked interest rates last week by the biggest amount since 1994. by 70 basis5 basis points, in f. station markets are left to trading. mixed day as you can see there. nikkei seeing the sharpest falls. if we have a look at the european markets, they ve been open about an hour or so doing slightly better, startin ....
biden aides and allies have been talking up key parts of the plan including prescription drugs, taxes and energy. lowering prescription drug costs is one piece. we can bring down costs burdening households like description drugs. pharmaceutical prices which will help health care and lowering the rate. long overdue tax reform. the parks repeal, not the full repeal, but the partial repeal of the trump tax cuts which would take some demand out of the economy. lowering utility costs by providing tax incensetives. the way in which we can assure reasonable energy expenses for households is to move to renewables to address climate change. freeing up fossil fuels in various ways in the short run, and making, with government support, the ultimate pivot to renewables. joining us now from washington, d.c., cnn white house correspondent john harwood. john, happy monday. good to see you here. it looks like a new coat of paint perhaps on some key elements of build b ....
the plan was illegal, or said in in front and trump did not care it was illegal. i think that was one of the biggest take-aways that eastman himself knew it was illegal and put it in an email, i want you to do a minor constitutional violation. chuck, back to you, we will build our way back to donald trump if we, can and specifically about his lawyer, that lawyer, john eastman, we even saw the email that he wrote to golden globe, saying, you know, having to rudy giuliani, saying you know, having thought about it, i think i do need a pardon here that understands his mind set and understanding he had done something criminal, why else would you need a pardon, what are the legal implications to face him? good questions, peter. first on the pardon, i m not a poker player but i m told people who play poker look for tells if they have a good land or a bad hand and a tell, consciousness of guilt, as you articulated would be asking for a pardon, would be asking for a ....
policies on capitol hill this week. telling lawmakers the $1.9 trillion american rescue plan contributed only modestly to higher prices even as she acknowledged inflation levels are unacceptably high. 8% inflation is an unacceptable inflation rate in the united states and it is president biden s number one objected to get that out. paul: let s bring in cabot former chairman of the council of economic advisers at the white house and distinguished visiting fellow at the hoover institution. welcome kevin. so peak inflation. everyone has said it has picked it has picked looks like it is peaking or that peaking keeps going to higher peaks. what is everybody missing in the markets? everybody really isn t everybody. if you look at google searches for inflation then my friend joe sullivan did a really interesting piece where he correlated google search for inflation with the inflation rate. right now americans are searching at the rate they would do if inflation were 9% whi ....
more school age children have died from guns than on-duty police officers and active duty military combined. think about that. more kids than on-duty cops killed by cops, more kids than old engin soldiers killed by guns. for igod s sake, how much more carnage will we accept? it is time to do our part, time to act for the children we ve lost. the children we can save. for the nation we love. let s hear the call and the cry, let s meet the moment, let us finally do something. speaking of doing something, senate debate has gun. and danie daniella diaz will be us, but let s start with jasmine wright. the president is explicitly calling on lawmakers not just do something, but he has meat on the bones, he has specifics. reporter: yeah, the president outlined a wish list of sorts specific spinnings that he wants conditioning to take up. and he started with assault weapons. he called to restaretaught the assault weapons ban and also banning high capacity magazines. and if c ....