0:00

i'm

0:00

margaret brennan in washington

0:02

and this week on face, the in a some

0:06

good news for president biden and the

0:08

democrats on the economic front, but

0:11

will it be enough to help them in the

0:13

november midterm elections? finally

0:17

, from cove it isolation president

0:19

biden last week has been filled

0:21

with surprise it's including a july

0:23

jobs report with double the number of expected

0:26

joss joss now

0:28

at half century love

0:30

equals to what it was free was

0:34

his face as his face long

0:38

there is unity among senate

0:40

democrats when it comes to supporting

0:42

a long stalled zyl designed

0:44

to long fight climate change health

0:47

care costs fight raise taxes on

0:49

corporations but there

0:51

are more challenges ahead for mr biden

0:54

including a national public health crisis

0:56

with rapidly spreading monkey pox cases

0:59

and new fact blocks from the chinese

1:01

fallen speaker pelosi trip to taiwan

1:04

finally campaign twenty two

1:06

is shaping up as taiwan finally unusual

1:09

was will look the trump and

1:11

as influencing republican primary candidates

1:14

and the tactics are using

1:36

the morning and welcome the faith in a

1:38

sense as we come on the air the

1:40

senate is poised to make the biggest

1:43

to fight global warming and history

1:45

with the hopes of reducing carbon emissions

1:47

forty percent by twenty thirty there's

1:49

a long stalled bill will now expand

1:52

credits for the manufacture and purchase

1:54

of electric vehicles fund rebates

1:56

for energy efficient appliances allocate

1:59

money

1:59

the fight drought in western states

2:02

and help vulnerable communities

2:04

by climate change the bill

2:06

also cut health care costs by lowering pre

2:08

and and extending subsidies and

2:10

it taps out of pocket medicare drug

2:12

costs for seniors at two thousand

2:14

dollars a year to pay

2:16

for all of that spending the

2:19

bill calls for a fifteen percent

2:21

corporate minimum tax on companies that

2:23

book and com of more than billion

2:25

dollars a year and will provide

2:27

money for the i r s to crack

2:29

down on tax enforcement with

2:32

the senate split fifty split fifty the

2:34

parties vice president com ela harris

2:37

expected to break the tie which

2:39

give democrats a much needed boost

2:42

had it in to the november midterm elections

2:45

has agreed to and we go now capitol

2:47

hill and florida sen rick who

2:49

is in between votes on the senate floor

2:52

he's also the head of the republican senate campaign

2:54

committee working to retake control of

2:56

the senate senator scott good

2:58

morning i know you have been up all

3:00

night appreciate you joining this

3:03

the bunker i hope i'm co here

3:05

why are you

3:07

know it's no matter what it does not

3:09

look like there's any way to stop what

3:12

is expected to be very big win here for

3:14

for democrats and i know you're

3:16

opposed to it but i want to press you on

3:18

that isn't expanding medicare

3:20

access good for a state like yours

3:22

which has more residents

3:25

are reliant on the affordable care act

3:27

than any other state and republicans

3:30

like reducing the deficit the cbs

3:32

as this will reduce it for by a one hundred

3:34

billion over the next in

3:36

there some good stuff in here for you to

3:39

margaret here's where look at it just for our right

3:41

now this bill actually ah to be called the war

3:44

on seniors asked me

3:46

this me this war on medicare you look at this this

3:48

is a hundred and eighty billion dollar

3:50

cut in medicare so what's

3:52

gonna happen is no physically

3:54

a kite and there's could be seniors the don't get

3:57

life saving drugs because refinancing

3:59

and sneeze or not the have nots assembly

4:01

of losing benefits that you see you know

4:03

that target is

4:05

to ready billion dollars that would have been spent it

4:07

in to stay to be spent is not going to spent now

4:10

and the drug companies that would be doing more research

4:12

or not to they will spend the money on research that

4:15

will be saving drugs that seniors will

4:17

not get on top of that mean

4:19

they're going to raise taxes by over seven hundred billion

4:21

dollars and was remember something still end

4:23

up paying the taxes shareholders pay the

4:25

taxes low income for the employees pay the

4:27

taxes less investment pay the taxes

4:30

so this seven hundred billion dollars is actually going

4:32

to hurt the economy and then while prices

4:35

are two dollars more than they were when

4:37

joe biden took office there's an excise

4:39

tax on guy so why would you

4:41

are you know when a recession why would

4:43

you be cut from increasing the

4:46

cost the government ring creases hanson

4:48

so it did the committee for

4:50

responsible federal budget called your claim

4:52

that you just reiterated in

4:55

, of medicare spending completely misleading

4:58

congressional budget office estimates that

5:00

just about one percent the drugs would be affected

5:03

by the changes their on

5:05

drugs development

5:07

so what will have you ever wonder said way

5:10

that way but what if is your grandmother is

5:12

not one percent important if

5:14

there's if if it impacts in packs

5:16

a life saving drugs we could

5:18

do now we shouldn't be we

5:20

should be cutting medicare like this i don't believe

5:22

it and and the way we we should

5:24

be raising taxes he ever

5:26

but especially in a recession and why

5:29

would we be raising the taxes on

5:32

, right now wants to dollars above what it

5:34

was when joe biden took office this is gonna

5:36

continue to drive us into a

5:38

further a bigger recession than we are little

5:40

where we are rebels labor participation

5:42

rates low wages as samples inflation

5:45

to course and negate gdp mean

5:48

we this mean we pushed us and

5:50

the these plants are pushing this into a recession

5:52

so i think we've got it because stop raising

5:55

taxes we gotta make it easier for businesses

5:57

to build their businesses compete and will get more

5:59

jobs

5:59

what

6:01

now we just had that stellar july jobs

6:03

and but going to dig into the specifics

6:06

of that ahead with economists mary daly

6:08

let me talk to you but the politics of all of this

6:11

republicans had been hoping to ride that

6:13

high inflation we're and is this historic

6:15

high and president biden is

6:17

low approval ratings to a win

6:19

in november but president

6:22

and democrats as had a really good

6:24

streets here gas prices are

6:26

down or you have this massive

6:28

spending bill going through

6:31

these are are of big wins for

6:33

democrats the present just authorize

6:35

it straight to take out the leader of al qaeda

6:38

isn't going to get harder

6:40

for republicans to get the edge that

6:42

you are trying

6:43

the manufacturer here

6:45

the meals that sounds

6:47

good right by the sadness

6:49

white high white house talking points below think

6:51

about this and seventy percent of americans

6:54

believe we're headed the wrong track bidens

6:56

numbers are in the tank and

6:58

, you look at all the democrats all

7:01

the democrats rotting they have to be see their surrogates

7:03

for biden and chuck schumer

7:06

me they have to defend inflation

7:08

high gas prices he

7:11

owns the afghan withdraw and open

7:14

are critical waste theory defunding theory police has

7:16

for the if is saying because that's where the depicts as

7:18

was it binds known for than that would

7:20

that's basically what the democrats are known for

7:23

known it's be look this electioneers

7:25

can be as electioneers can year we have twenty one republicans

7:28

up only democrats susan the democrats

7:30

rot races but we have good kansas

7:32

and i believe joe biden is going to or to her

7:34

it'll be a hard year i want to play for you what

7:36

republican leader mitch mcconnell told fox

7:39

week

7:41

then it's gonna be a very tight with

7:43

a fifty cent his we have a fifty

7:46

fifty nation and , think when

7:48

the senate race smoke were

7:50

like going to have a very very close senate

7:53

still with either us

7:55

up slightly or the democrats outside

7:59

bad then why is it going to be

8:02

so type or republican

8:04

weldon first have we have we have very

8:06

good candidates when the democrats are isn't good

8:08

money ah so we've gotta be able get our

8:10

and so you know we we to raise

8:13

her money we to work i work

8:15

hard you know we went through a lot of primaries are

8:17

so but i believe over the i believe we're gonna win

8:19

but it's going to beat this can be hard we had a razor we've

8:22

got to work really hard or candidates have to work hard

8:24

everybody's eyes go to help our candidates

8:26

and i'm optimistic

8:28

but you do agree is it it's going to

8:30

be time that ripple didn't have that

8:32

a faster a slice

8:35

that

8:36

i'm i'm very optimistic i would

8:38

i but i'm unrealistic said you know

8:40

you have to raise uma empresa raising money joe

8:43

biden that is are key here and by

8:45

the way this bill this not gonna democrats it's going

8:47

to help republicans wait in taxes some

8:49

her billion dollars cutting medicare six hundred

8:51

eighty billion dollars raising gas taxes or

8:53

have an eighty seven thousand more iris agency

8:56

how irish health happy people

8:58

are to have more iris agents author mean

9:00

this mean this and this is not going to be popular around the

9:02

country

9:03

in a local radio interview

9:05

in july you talked a lot about

9:07

your your business as an executive

9:10

and you said we should start electing people

9:12

that we hire in

9:15

georgia herschel walker republican

9:17

senate candid it had lied

9:19

about the number of children he has about

9:22

his business dealings with his ex wife said

9:24

he held a gun to her head and said i'm

9:26

going to blow your a thing is brains

9:29

out in arizona the candidate

9:31

blake called the unit bomber and

9:33

underrated thinker he

9:35

said that al qaeda doesn't actually

9:37

pose substantial threat to american

9:39

mean i've got a list of candidates here

9:42

who some and said some pretty

9:44

troubling things would you

9:46

hire these people the to work for

9:48

you

9:49

you'd to a person and but i'm not

9:51

a window and it's of voters of those states or duets

9:54

the bowser so states of and make a theory

9:56

the how senate republicans and lead them

9:59

to victory

9:59

these are your candidates

10:02

though

10:03

marguerite has remember the it and the

10:05

voters in arizona choose who they're going on there

10:07

can invoke and what they're going to choose event

10:09

shoes between like master and martelly

10:12

martelly has voted to keep the border open

10:14

his neighborhood from porn or security is

10:16

voted for the tax increases he's waiting for cutting

10:18

medicare you know his his motive

10:21

with chuck schumer and with your biden busy

10:23

the had percent the time or next at the same

10:25

problem this election is gonna be about joe

10:27

biden and so this

10:29

elections going to be about all the bad things

10:32

that have happened this happened this fact that we're going into recession

10:34

the fact that you know inflation since nine

10:37

percent the fact that gas prices are up to two

10:39

dollars all these things that's what people look at us

10:41

then there's the dairy queens or a or

10:43

the republican candidate these

10:45

are your candidate

10:47

and about you hire these states the

10:49

, they seats are going to decide if they're going to hire

10:52

now i get a vote i get to vote in enough for

10:54

them and that's how i think about by the

10:56

voters those states choose indian

10:58

states who they once as a choice between two

11:00

people people to they're always look

11:02

the by almost all these democrat

11:04

nominees are but are are visible the t

11:07

v don't bother way that will that will dot you know

11:09

you don't know you know anyone

11:12

in byron interview market arrive in more recent

11:15

these say i would come as been red flags

11:17

the hr their minds

11:19

is biden is not campaign with

11:21

anybody because he is he is

11:23

he's toxic that's how the voters

11:26

think that's why they say it's seventy two percent

11:28

of who the economy's in the wrong track when happens

11:31

people say i will take a serious look

11:33

at somebody else our can

11:35

you have a good tell me what they're gonna do and

11:37

we're and make sure that everybody knows exactly

11:39

who are for the democrats are assess what

11:41

that's what could happen all across the country we're going to have

11:43

races and we'll see what happens or

11:46

the advising all of your candidates in these races

11:48

to accept the outcome of the their

11:50

election since so many of them are questioning

11:53

still the outcome of the twenty twenty

11:55

race

11:56

wow

11:57

organ remember that's exactly what happened to me

12:00

bill nelson embark allies they didn't accept

12:02

the upcoming election and they tried to illegally

12:04

have some bowels after election

12:06

day after i won by fifty seven thousand votes so

12:08

election security is very important to me

12:11

and i want to make sure we make sure we

12:13

do everything can to make sure people know that

12:15

the election is fair election were are

12:17

were putting together teams which teams which to do and for in

12:20

eighteen teams of lawyers and met

12:22

volunteers to make sure these elections are

12:24

for that accept the election

12:26

our

12:27

the integrity of these races that

12:29

all your candidates are

12:30

you're only going to have problem with them

12:33

if they were

12:35

well

12:36

i'm i'm you know i'm one free and fair

12:38

elections so i am going to work i work

12:41

, to make sure we are these elections are fairer

12:44

fairer already with and size the time so

12:46

i am frustrated with what happened

12:48

my race we had we spend millions of dollars

12:51

to make sure we won we won election night and

12:53

they try to count illegal ballots after election

12:55

and that's wrong very

12:57

way before let you go do you think that

12:59

the us military should be deployed to defend

13:02

taiwan if chai one and china make

13:04

the move on it

13:05

i think we've got to be very clear that we will defend taiwan

13:08

we've gotta be very clear ah exactly what

13:10

could happen china with exactly what sanctions

13:12

are is gonna happen china if they invade taiwan

13:15

i all american businesses need to understand that

13:17

they're at risk right now if they're doing business their attic

13:19

every american whenever they see a box this is

13:21

made china the our cinemax were person to

13:24

himself never buy another product made in china

13:26

the holster about inflation their center but that's

13:28

for another day we got to leave it there thank you for your

13:30

time and i'll let you get back work their

13:33

nationally back a minute so

13:34

this is intelligence

13:37

matters with former acting director

13:39

of the cia my go morrell week

13:41

eric edelman and respected voice on national

13:44

security talks about the in ukraine and

13:46

scenarios for the war might be had

13:48

this may be of folks on taiwan

13:50

will react and of the way ukrainians f

13:52

and resists that might be kind of difficult

13:56

in beijing are drawing from

13:58

this are instantly she's in pain may be drawn

13:59

this follow intelligence matters

14:02

you get your podcasts cbs

14:07

news presents intelligence matters

14:09

a podcast that according to real

14:11

reviews listeners delivers quote

14:14

unmatched insight into the us intelligence

14:16

community could we see an end of latimer

14:18

britain's role here things continue to go badly

14:20

for him yeah i think it's not on the the hosted

14:23

by a former acting cia director

14:25

turned podcast with a quote council

14:27

of approach

14:28

my be you always ask the tough analysts

14:30

the question follow intelligence with

14:32

michael morale wherever you get your buy

14:34

gas

14:37

return out a former ft a commissioner doctor scott

14:39

gottlieb is also a board member

14:41

size or any joins us this morning from san

14:43

francisco doctor gottlieb's good

14:46

to have you back you have been on this program

14:48

warning for some time now that monkey

14:50

pox was past the point

14:52

of containment this week be fine administration

14:55

acknowledges administration acknowledges national public health

14:58

emergency they add into

15:00

senior advisers to the white house to run

15:02

point what difference does it make

15:04

now can they catch up

15:07

well look i think they can still catch

15:09

up i think there's the potential to this back

15:11

in the box but it's gonna be very difficult at

15:13

point will continue and look for cases in the

15:15

community of men who have sex with men is primarily

15:18

spreading in that community but no

15:20

question that spread outside that community

15:22

at this point i think we need to start looking for tasers

15:24

more broadly were looking for cases and next to

15:26

me so we're finding them there but we need

15:28

to start looking for cases in the broader community that

15:30

means probably testing anyone who within

15:33

a typical case of singles are

15:35

in a typical case of herpes for

15:37

monkey pox as i think we need to broaden

15:39

testing and so far cdc been to

15:41

make that recommendation i think of

15:43

we're going to this and make sure that doesn't

15:45

spread more broadly in a population we need to start

15:48

testing more broadly we have the capacity to

15:50

do it right now cdc has the capacity

15:52

conduct about eighty thousand a week doing

15:54

about eight thousand so they can broaden

15:56

is substantially by changing the case definition

15:59

and

15:59

the many that more doctors be testing more patients

16:02

looking for this infection in the community what

16:04

the to your point about broader

16:06

right in illinois a daycare worker

16:08

tested positive for monkey pox and exposed

16:11

children the sta are

16:13

allowing those kids to

16:15

be vaccinated parent

16:18

got to send their kids back to be back to school

16:20

and they be about this now

16:23

look i don't think is something that people need

16:25

to be generally worried about i think that the

16:27

incidence of this and section in the broader community

16:30

still very low so your your risk

16:32

of coming into contact with monkey pox

16:34

is exceedingly low outside of

16:36

certain networks were you see a higher

16:38

case rates but if we want to and

16:41

we want to prevent this from becoming endemic virus

16:43

we need to be looking more widely for in a worst

16:45

case scenario is that we start testing

16:47

more broadly and we don't find it and that

16:50

would be reassuring but we should doing that we should

16:52

also be testing wastewater monkey

16:54

pox that something as city seats to

16:56

turn on instant latest sign a look

16:58

for monkey in waste what is the of spreading

17:01

it's communities and locations locations

17:04

where right now we don't think it's spreading but

17:06

it could

17:07

we don't know what we don't now at on vaccines

17:10

we know there is a national shortage

17:12

there are two doses of this vaccine

17:15

that are required hhs

17:17

in the us to a said on thursday that are

17:19

looking added sparing

17:21

approach to stretch out existing

17:23

supply how does that work what work

17:26

what what that mean

17:28

right to this decision could come as

17:30

early as this week and the emergency utah

17:32

three authorization that they could issue is a

17:34

slow is from the public health emergency that

17:36

they declared service and be the first practical

17:38

effect of that public health emergency what they

17:40

would do is cut the dose by a fast

17:43

so they only give one of the dose and

17:45

instead of injecting and sub his sleigh

17:47

so below the skin they to inject it

17:49

in predominately into the skin so into

17:51

the top layer the skin said things about

17:53

it's has a huge get for for tuberculosis

17:56

we used to get an injection under the skin

17:58

that small wealth they injected

18:00

fluid under the skin that's an intradermal

18:02

infection we know that we inject certain

18:05

things interested in that way it's very

18:07

immunogenic you get a strong response

18:09

nears a lot of data that up to a look that

18:11

there was that see collected in the context

18:13

of trying to prepare smallpox

18:16

or potential outcome with smallpox with smallpox

18:18

might be used as a bioterrorist weapons and

18:20

how we would extend doses of the smallpox

18:23

vaccine on what they learn no studies

18:25

is transferable to this vaccine for monkey

18:27

pox and so they still very assertive

18:29

they can do they can generate a strong and been a logical

18:31

response delivering this intradermal

18:34

a and that would allow them to stretch out the doses

18:36

of monkey pox vaccine they have by

18:38

fi falls so instead of having about a hundred

18:40

thousand doses they would somewhere between

18:42

four and five million doses immediately

18:45

this is essentially an experiment

18:47

in real time a

18:50

while

18:50

we we've done it before i knew we did it for

18:52

yellow fever we've done a free bowl of we've

18:54

done is those sparing strategies in public

18:56

health emergencies it's unfortunate we find ourselves

18:58

in his position there's decisions that

19:00

could have been made earlier where we'd have more doses

19:03

available but this is a practical solution

19:05

to a very immediate public health challenge

19:08

i want to ask about kobe now a president

19:10

biden has tested negative

19:12

twice now he's out of isolation

19:15

pfizer , packs lovat

19:17

the drug that the president took

19:19

i know on the border pfizer's we say the

19:22

white house has just five to ten percent of

19:24

cases have these rebounds

19:26

but this but high profile case doctor

19:29

felt she had a rebound to i'm

19:31

does this indicate anything about how

19:34

someone fares long term from kobe

19:36

button how do we understand

19:38

they're all of the good news is that the president feeling well

19:40

my understanding is that he inexperience a new

19:43

symptoms during the second bout

19:45

of infectivity so he was

19:47

testing positive written in fact mountains

19:49

symptoms and that's a good sign i don't think that

19:51

he's gonna have any long term implications

19:53

because he had this second course of

19:55

illness from from covert on we

19:58

don't know but i think the presence going to do quite

20:00

well given what we know about his case

20:02

in the white house has been very transparent i'm

20:04

you are seeing these cases of rebound you're right

20:06

or so far the data seems to suggest

20:08

it's about five percent of cases you

20:11

also see rebound with the other drugs and you see

20:13

it knee in the setting of natural infection being

20:15

studied pfizer right now which

20:17

as you mentioned i'm on the border of is talking to f

20:19

d a about some additional stays on how to approach

20:22

cases whether or not you recourse

20:24

the therapy or extend the dose the the

20:26

length of treatment and certain patients

20:28

so we don't know how to approach this fully

20:31

right now i'm but it's a small percentage

20:33

of cases where you're seeing this phenomena

20:36

the great cdc is expected to

20:38

loosen covered guidelines for schools

20:41

ah to favor this

20:44

look i think of reflects the reality

20:46

that more tis are have

20:48

, exposed to this virus and not immune logically

20:50

naive we want to do more he keeps his in the classroom

20:53

arm and changing attitudes about kobe think

20:55

there's still ways we can keep to safe in the classrooms

20:57

remain vigilant and lift of

21:00

these restrictions that have caused have lotta

21:02

kids to have to miss school day so the test

21:04

to say strategies we've turned over

21:06

a lot of in sections are asymptomatic and force

21:08

kids out of the classroom acquired

21:10

senators who are exposed to covert i think

21:12

they can lift those things at this point

21:15

that to be were cdc is heading ombre

21:17

still remain vigilant for example notifying

21:19

parents when is a contacts appearance can keep

21:21

appearance eye on their children get them tested or

21:23

a sec

21:23

gottlieb will be watching that thank

21:26

you the turnout in the city autonomy

21:28

and the present in francisco federal reserve

21:30

bank mary daly good morning to you

21:34

the morning at the san francisco said

21:36

said fiscal spending during the entirety

21:39

of the pandemic all that congressional

21:41

funding contributed three

21:43

percent three percent height

21:45

in inflation do expect the congressional build

21:48

it's about to pass to add

21:50

to inflation as well

21:53

let's remember that during the time

21:55

that

21:55

was this fiscal relief during the pandemic

21:58

there was also monetary policy relief

21:59

and those were things necessary to get us

22:02

through the pandemic so that's why that

22:04

was an important component in history we

22:06

the judge whether was too much or too little but

22:08

right now that's where that was and my staff

22:10

of evaluate that when it looked forward

22:13

there are so many things going on in the economy

22:15

right now both domestically and globally

22:18

and we are struggling with high inflation but

22:20

the fed is committed to bringing that down and

22:23

we're looking at not only things

22:25

that congress passes but what happens

22:27

across the entire world

22:30

so do you think there's the well we'll

22:32

add to inflation has inflation

22:34

people can you say that you

22:37

know i really can't comment on pending legislation

22:39

it's really hard to tell because all the details

22:42

haven't been worked out yet and or the

22:44

timeframe in which those things will take place

22:46

so right now i we're the most important

22:48

they margaret is that is too high and

22:50

the labor market is strong the global economy

22:53

is struggling with ongoing high inflation

22:56

and that's what i'm focused on your

22:58

a labour economists we have this surprisingly

23:01

strong jobs number on friday

23:04

why was it's surprising

23:06

that was it that economists

23:08

miss hear what was your take away

23:12

it was super interesting i you know it did surprise

23:14

everyone who tries to figure out exactly

23:16

what the number will be and we were your

23:18

number projections were well off but

23:21

you know freshly if you're out in the communities

23:23

if you're you're traveling anywhere you're

23:25

you're just going in your community i

23:27

don't think the consumers are workers or

23:29

businesses were that surprised there's help wanted

23:31

signs all over the place people who can find

23:34

multiple jobs if they want them the

23:36

search times for jobs aren't long

23:38

so i think the labor market is continuing

23:40

to deliver it just tells me that people

23:42

want to work and that people want

23:44

to hire the the universal

23:46

truth is that inflation's too high but does

23:49

it still does it

23:51

indicate that recession is not

23:53

we are aware we're going

23:56

you're on the economy you don't feel

23:58

like you're in a recession that's the bottom

24:01

the most important risk out there is inflation

24:04

and and i think the job market just confirms that

24:06

okay we're going to take a break and come right back with you

24:08

marry daily stay with us we have more

24:10

question isn't

24:13

, out with the major garrett mark

24:15

leibovich are special guest the book thank you

24:17

for your servitude what is your book about people

24:19

think it's a trump of it wound up becoming about

24:21

what's happened there hum of them pardon i wanted to

24:23

focus on people who knew better republican

24:25

senators will privately tell us nonsense

24:29

nonsense vs sleep

24:31

, the take this you can and then when the camera comes

24:33

on all hail mister trump for more from this week's

24:35

conversation follow the take out with

24:38

major garrett on apple podcasts or

24:40

wherever you get your podcasts

24:43

that you can't watch the full face the nation

24:46

you can your dvr plus you can watch

24:48

us through our

24:48

the answer pernod plus them will be right

24:51

the lot more faith in a sin including more

24:53

mary daly

25:05

the apprentice dope federal reserve bank mary

25:07

daly and in

25:09

my job number on friday we also saw

25:11

that would wages rose they're

25:14

not rising as quickly as inflation

25:16

is how concerned argue that

25:18

that shows inflation is really becoming

25:21

embedded in the economy in

25:23

a way that is going to for sure

25:25

your colleagues at sad to continue to have to

25:27

hike rates

25:30

you know i don't see inflation is embedded

25:32

in the economy those kinds of things the would

25:34

worry about just not be to try easily

25:37

what i see supply and demand

25:39

or just unbalanced about fifty percent

25:41

by my own staffs estimates of the excess

25:43

inflation we see his village to demand the other

25:45

fifty to supply the said

25:48

is well positioned to bring down

25:50

we already see the cooling forming in

25:53

the housing market in investment

25:55

so i do see signs that the economy's

25:57

cooling he just has going to take some

25:59

time for the interest rate adjustments we've made

26:02

to your way through and we're far

26:04

from done yet that's the the promise to

26:06

the american people we're far from done we're committed

26:08

to bringing inflation down and will to

26:11

work until their job is fully done

26:13

so would still be to raise rates

26:15

in september by half a percent

26:20

absolutely and you will need to be data

26:22

depended a could we need to leave our minds

26:24

open we have two more inflation reports

26:26

coming out another jobs report we continue

26:29

to collect all the information from the context

26:31

we talked for you to see how this is working

26:33

it's way through the economy but you mentioned

26:35

you know wage growth of little bit about five

26:38

percent inflation last printed

26:40

nine one percent americans are losing

26:42

ground every day so the focus has

26:44

to be on bringing inflation down one

26:46

is a saying the same tank controls deal

26:48

local rest how concerned are you

26:50

what is happening in the taiwan

26:53

strait right now

26:56

well there's so much going on globally

26:58

and i think that's really something that we

27:00

need to think about it's just getting

27:02

the cove it making sure the new variant

27:04

don't

27:05

real economic activity we have central

27:07

banks across the globe raising interest

27:09

rates detritus bridal their own inflation

27:11

and we have ongoing development to take

27:14

place in geopolitically or just more

27:16

generally of among countries and

27:18

all of those things the word new claim all

27:20

of those things street headwinds if

27:22

you will the us economy and we're going to have

27:24

to lean against those headwinds for growth

27:26

while we bridal inflation such

27:29

as it's work cut out and i know we'll be talking

27:31

again thank you very mary daly

27:35

i'm going to get most dramatic show

27:37

of military force in decades

27:40

with four days of war games off

27:42

the coast of taiwan all

27:44

in response to speaker pelosi leading

27:46

a congressional delegations to the self

27:48

govern island last week congressmen

27:51

gregory meeks chairman of the house foreign

27:53

affairs committee was on that trip the morning

27:55

good morning good to be with you

27:57

will you have been globe by

27:59

him then you'll soon be back in washington

28:01

to vote on this big spending

28:04

bill a it is when

28:07

potentially but it's a tenth of the

28:09

size of the president's original

28:11

ask is what's about to

28:13

pass and this in

28:15

gas prices enough to

28:17

help democrats win democrats win

28:21

there's no question this is a big and important

28:24

bill

28:24

it reduces inflation

28:26

make that the weekend now

28:28

reduce drug

28:30

two

28:31

it helps i'm fighting climate change

28:34

and and we will be moving

28:37

forward that goes on top of

28:39

wins already made in a bipartisan

28:41

manner doing this congress

28:44

like

28:45

the party wins

28:46

the infrastructure

28:48

gun control get in

28:50

size and

28:52

pack explore the veterans

28:54

select committee it's the

28:56

first black woman elected

28:58

have a a to b b supreme

29:00

court so yes this is a

29:03

a icing the a

29:05

moving forward of democratic achievements

29:08

a bipartisan way

29:09

in this election year

29:11

but despite all of what you

29:13

just laid out laid know you know

29:15

that many poles those from cb the

29:17

project that republicans will win the majority

29:20

in house can you were versa

29:24

oh absolutely i said that the conversations

29:26

as we're entering the

29:28

push of months of september and october look

29:31

we had an all time low unemployment

29:33

rate and we a court that

29:36

is regressive

29:37

and try to take away

29:39

a woman's right to choose were fighting and

29:41

standing for that

29:42

to your trip to taiwan we have seen

29:44

these dramatic chinese

29:47

war games in response to

29:49

this visit china cut off some

29:51

the diplomatic ties with the united states

29:53

to protest the fact that you went there

29:55

to taipei with speaker pelosi into

29:58

this trip backfire the undermining

30:01

someone the by an administration priorities

30:04

that at all you know clearly are

30:06

the bad ministrations his presence

30:09

banned by increasing economic

30:11

ties there is something the shows that the

30:13

region is very important in

30:16

president biden understand pop being a

30:18

private private member of the senate the

30:21

know the difference between executive branch

30:23

in legislative branch what

30:25

we have to do at this time because there's very

30:27

clearly it's very clearly a tense moment

30:29

of the was right and that's why it's very

30:32

important of that all sides

30:34

respect the status quo with we where they

30:36

had don't resort to for

30:39

change things and is just as important

30:41

the united states we doubled our economic

30:43

cultural if security cooperation with the

30:45

was and face of beijing's aggressive

30:48

so this was a very appropriate

30:50

trip the time for the region

30:52

i think that when we taught to the taiwanese

30:55

they will appreciative of us being

30:57

there you should have seen over to

30:59

what and fifty thousand taiwanese

31:01

practice quite flying in the

31:04

largest building and taiwan big

31:06

sign saying we love you nancy pelosi

31:09

people lining the streets or

31:11

when we were robbing to our hotel

31:14

so clearly the taiwanese we're very happy

31:16

they are you we

31:18

were all about allies all of our partners

31:21

and friends in the reasons and other nations that

31:23

we visited was very happy

31:25

that we there ever been signature

31:28

the area they cut off climate change

31:30

saucer the united states they cut other

31:32

cooperation on and in fact

31:34

they just said this is the one issue that the us

31:36

and china to most powerful countries in the

31:38

world could come into conflict with

31:40

aging said a visit by the third highest

31:43

ranking official the us government on a military

31:45

aircraft was provocative and

31:48

sends a strong signal the us

31:50

is on taiwan side is the us

31:52

on high one

31:54

we did nothing that was if you

31:56

look at prestatyn

31:58

the one that was sending missiles over

31:59

i want and in in china

32:02

and so full of the island was

32:05

in fact bases it

32:07

was nothing unusual members of congress this

32:09

year have traveled to taiwan

32:12

previously as as cyborg a

32:14

number of type of fab with fab child but

32:16

we're not going to allow and speaker

32:18

pelosi is absolutely right about this

32:21

that the have a president bush

32:23

sheath dictate to us where

32:25

we should or should go we're going

32:27

to stand by our friends our

32:29

partners in our allies and clearly

32:31

taiwan is one of them so

32:33

the price tobacco the provocative

32:36

is not us

32:37

the

32:38

regime government and we just

32:40

not gonna allow that to happen

32:42

but in terms this policy

32:44

for decades it's been one of strategic

32:46

ambiguity the u s cells arms to

32:49

taiwan but doesn't promise to actually

32:51

defendants do you to

32:53

change that does congress

32:56

need to prepare for

32:58

a chinese invasion of taiwan

33:02

the

33:03

what we have done and i think that what we have

33:06

we will do forgive and we

33:08

have given him that policy

33:10

defensive weapons to taiwan

33:12

ultimately

33:13

they should be decided

33:15

the people sitting and that silo

33:18

the not raising that see

33:20

continue his provocative actually it

33:22

is here for back to back since that a size

33:25

that the status what we

33:27

need at this time is the status

33:29

quo to remain as it

33:31

that is the best way reduce tensions

33:33

not the provocations that are being put

33:36

on by basie

33:38

congressman makes you for your time this

33:40

morning

33:41

on friday i sat down with taiwan's

33:43

represented it to the us south beach

33:45

him for the cbs evening news

33:47

there's more of our interview

33:49

then biden indicated the military

33:52

out wasn't ah enthusiastic

33:54

about speaker pelosi visiting see

33:57

spoke openly about the risk of her plane

33:59

being shut down

33:59

good taiwan ever have

34:02

that level of concern that there was a risk

34:04

here

34:05

we have been living under

34:07

the threat of from china for

34:09

decades arm and we

34:12

cannot let their ongoing

34:14

threat define our

34:16

desire to make friends

34:18

internationally ah

34:21

i'm if you have you have being bullied at

34:23

school you don't say you don't go to school

34:25

or you try to find a way to

34:27

deal with the and

34:30

on that's exactly what taiwan is doing

34:32

a working on making our society

34:34

stronger and more resilient fortifying

34:37

our defenses are so that we have means

34:39

of managing risk on

34:41

the wrist or not posed by taiwan nor

34:43

are they posed by the united states the

34:45

risks are posed a what

34:49

specifically is that risk is

34:51

it a full scale invasion well

34:53

, chinese have not renounced are

34:55

the use of force are they

34:57

have been intensifying threats

35:00

or ports taiwan or that is

35:02

not only on a military level

35:04

it has involved a hybrid tool

35:06

kit of our public

35:09

disinformation of cyber

35:11

attacks economic coercion

35:14

or they have a broad tool kit that

35:16

we have become more more accustomed

35:18

to that again that is not

35:20

going change

35:23

our determination

35:24

to defend our freedom

35:27

for what's happening right now is unprecedented

35:30

at has said sixteen

35:33

warplanes since he warships right

35:35

off your posts do you believe that

35:37

this just a drill

35:39

well indeed china's behavior

35:42

is unprecedented and from

35:44

the scope and the

35:46

actions are it appears that

35:48

they have been preparing for this

35:50

for some time away before

35:52

speaker decided to

35:54

visit taiwan

35:56

it is seemingly showing

35:58

that it can blockade

35:59

i want that to eating cut

36:02

you off from the rest of the world

36:04

what the cost of doing something like

36:06

that

36:07

has been building up their

36:09

military capacities are rapidly

36:12

are over recent years on

36:14

and what they are doing through these exercises

36:17

are has the potential of jeopardizing

36:20

some of the most important our

36:23

air and sea commercial ralph

36:26

commercial believe are they will also jeopardize

36:28

china's our interest our interest stable

36:30

environment under which trade and

36:32

commerce consumption such risky

36:34

and dangerous behavior has implications

36:36

for the world do you have any assurances

36:39

from the bad white house that they would

36:42

the send you not to sell you

36:44

weapons as president have for the past forty

36:46

years actually come

36:48

to your defense we have a very strong

36:51

security partnership that ensures

36:53

the protection of our shared interest

36:56

in the regional peace and stability do

36:58

you believe the timeline foreign invasion is

37:01

moving up the criticism of what speaker

37:03

pelosi did by visiting is

37:05

that she is provoking china

37:08

i think the were a provocation

37:10

has only one place and that's what china right

37:12

now are they are the ones that are provoking

37:15

regional instability so you

37:17

do not think

37:18

that this was a mistake and that

37:21

this does it has backfired well ,

37:23

visit some has been welcomed

37:25

by the taiwanese people on

37:27

sometimes it's for other countries

37:29

from afar to fully understand

37:32

the feelings and prospectus of

37:34

the taiwanese people and that is

37:37

our for too long to a we have been

37:39

bullied isolated

37:41

and and banned from international

37:44

organizations so when friends

37:46

come from afar and wished to lend

37:48

their support to taiwan or

37:50

we generally take that with gratitude

37:53

when you talked about ministers and officials they

37:55

will say he's and paying

37:58

the president china is taking that

37:59

he is watching vladimir

38:02

putin is doing right now and ukraine

38:04

as a test case to see what he

38:06

can get away with in taiwan

38:09

laughing do you think you've learned right

38:11

now i think we are learning lessons

38:14

and armed a taiwanese people are learning

38:16

lessons and are we are

38:19

learning that we have to be better prepared

38:21

are we have to be stronger in our own

38:23

ah self defenses are we

38:25

have to work hard

38:28

to galvanize the international

38:30

support international working to

38:34

that tragic scenario

38:36

from ever happening

38:38

are you concerned that the west damn

38:41

by taiwan

38:43

the way it has to advise ukraine's

38:45

china is financially so

38:47

powerful

38:49

it would be hard

38:50

for the west to cut it off

38:52

well i think com that

38:54

was one of the messages that speaker

38:56

pelosi was trying to convey and

38:59

that is some your ,

39:01

all challenges we

39:03

have friends in the international community

39:05

who will stand with us

39:07

i'm awfully china has

39:09

also flexed its diplomatic muscles

39:11

it off a number of agreements

39:14

it says with the united states because

39:16

of this visit including collaboration

39:18

climate change are concerned

39:21

that the west will look at this and say it's

39:24

not worth it

39:25

not just on climate change but priorities

39:28

that outbreak i want

39:31

well i'm are i'm are concerned yes

39:34

we are concerned about the disruption

39:36

of a very important discussions on

39:38

global issues on that

39:40

are matters of interest to

39:43

not only the united states but the china

39:45

everyone in the world arm

39:47

but the fact is again er

39:49

visits congressional visits

39:51

to taiwan have been ongoing for

39:53

deck his and for

39:55

decades it hasn't present prevented

39:58

the united states and china from

39:59

in constructed the russians on

40:02

matters of mutual interest and

40:04

i'm i agree with yells some of

40:06

the us white house and other statements

40:09

and the analyses sat on

40:12

though

40:13

the beijing government is currently trying to

40:15

manufacture a crisis arm

40:17

over i'm a

40:20

after that has been ongoing for

40:22

decades and are they

40:24

using this as a pretext arm

40:27

and i think we have to make that

40:29

clear on if china is

40:31

to evolve i'm as

40:33

a responsible stakeholder

40:36

in the global community it's really

40:38

up to eighteen to decide

40:40

if they're rejuvenation

40:42

if china's rejuvenation will

40:45

evolve with international

40:47

respect or with condemnation

40:50

our full conversation is

40:52

on our website and you tube channel will

40:55

be back in a moment michigan

40:58

congress and peter meyer is one of ten house

41:00

republicans who voted to impeach former president

41:02

trump following the attack on the capital

41:05

last tuesday he lost his primary

41:07

race against trump endorsed challenger

41:10

congress meyer is with us this morning from

41:12

grand rapids michigan go morning to

41:14

congressman the

41:16

person who won that primary

41:18

isn't election are named john

41:21

gibson he is backed by former

41:23

president trump's why do you think

41:25

michigan republican savored him

41:30

good morning margaret and

41:32

, you said i lost my primary and that is

41:34

on me i take responsibility for that

41:37

but it's important to note that it wasn't just

41:39

former president trump who was in this race

41:42

or there was about a half million dollars that the democratic

41:44

congressional campaign committee in their first expenditures

41:47

of the twenty twenty two midterms dumped

41:49

in to help boost and so we had

41:51

a scenario where not only did i have

41:53

the former president aligned against me but

41:56

in a rare showing rare bipartisan unity

41:58

nancy pelosi and

41:59

the democratic campaign committee also

42:02

united to try to knock me off the ballot

42:04

is now this just the

42:07

cynicism and hypocrisy our politics

42:09

today and frankly

42:11

it'll be unknowable what that ultimate

42:13

impact was but the fact that we have

42:16

the establishment the last and the extreme right

42:18

locking arms and common cause a

42:20

painter very telling picture of where a politics are

42:22

and twenty twenty two right what

42:24

talking about there is an an

42:26

ad that their democratic congressional committee

42:28

campaign since i've had

42:31

problems that three hundred and twenty five hundred

42:33

thousand dollars on to boost

42:35

mr dead some which was as

42:37

much as gibson on his entire campaign

42:39

that's you're to put our viewers are looking

42:42

at right there but do that

42:44

add really made a difference what it means democrats

42:46

voting this primary it's republicans why

42:49

did michigan republicans small

42:51

for this app

42:54

why he i think there is a

42:56

clear question of of agency here of

42:58

course and at the end of the day republican voters

43:00

are going to cast their votes they

43:03

see fit the i should

43:05

note that this ad was not aimed at

43:08

it was not playing on msnbc was

43:10

not playing not playing where democratic

43:12

voters might see it they were targeted

43:15

and places to try to sway and convinced

43:17

republican primary voters to try to give

43:19

my primary challenger a boost up

43:21

and over i and i should add that on

43:24

my defeat was by three

43:26

percent out of over one hundred thousand votes

43:28

cast we lost by less than four thousand

43:31

votes and i think that's important to remember

43:33

when you have very close elections like this

43:35

and obviously competing gets very strong headwinds

43:38

are having a trump indoors challenger

43:40

and a party where president trump still holds

43:43

over seventy five percent approval or

43:45

that a message of focusing on the substance

43:47

of what i've able to accomplish and office i'm proud

43:50

that our offices on track to set a record

43:52

for the most number of bill signed into law by

43:54

a freshman or that those

43:56

type accomplishments i get lost

43:59

in our current for

43:59

the analogy politics get lost in a broader

44:02

sense and i think that is one

44:04

of the fundamental challenges that have as a

44:06

country and as it's of frankly frustrating

44:09

michigan families yeah we're

44:11

dealing with the politics but does not reward

44:13

substance that is not verwoerd you

44:15

know reality a huge on rhetoric

44:18

and personality buffalo else

44:20

do you think democrats are going to get what

44:22

they paid for here right means they're betting

44:24

that would be easier to defeat mister

44:27

deeds vert send you is

44:30

your different going to go to democrat

44:34

important in odessa district that our president

44:36

biden one in twenty twenty by roughly

44:38

nine points i was one of five republicans

44:40

running for reelection and seats were the

44:42

were present a by one and between twenty elections

44:45

by eight or more points and so are while

44:47

i think there is certainly a cynical calculus

44:49

our play with the democrats meddling this

44:52

is risky strategy it's strategy dangerous strategy

44:54

where president biden is in his approval

44:57

his sold in the gutter that

44:59

it is hard to see that strategy and

45:02

it is easy to see that strategy back firing

45:04

of a spectacular weight which is all the more

45:06

reason why we should not be embracing

45:08

zero some idea of politics we should

45:10

not be embracing this this notion

45:12

that if wouldn't keep a problem alive keep it

45:15

festering or but be to gain

45:17

to marginal advantage marginal the process

45:19

that process that equates to a victory i

45:21

think it's a dark and cynical way of viewing

45:24

our politicians are that frankly forty

45:26

eight percent of the electorate and the primary

45:28

here rejected or they they stood

45:30

against that cynicism but there were focused

45:33

on somebody who is working to deliver

45:35

results

45:36

you're a republican

45:38

colleagues liz cheney is that to face a primary

45:41

august the sixteenth and her state

45:44

former vice president dick cheney her father

45:46

releases cydia

45:48

in our nation's two hundred and forty six

45:50

year history there has never been an individual

45:52

them as a greater threat to our republic

45:55

than donald trump he tried to steal the last

45:57

election using lies and violence

45:59

keeping job and power after the voters

46:02

had rejected him he's , coward

46:04

a real man wouldn't lie to his supporters

46:06

he lost his election and the last big

46:09

i know what he knows it's and deep down

46:12

i think most republicans knowing

46:15

mr chaney right there because sixty

46:17

seven republicans told cbs news

46:19

they are more likely to vote for candidates

46:22

who gets an endorsement from the former president

46:24

is the former president the leader the

46:26

republican party or the biggest threat to

46:28

our nation's

46:29

public

46:32

i certainly think that of

46:35

no president trump wants to keep those

46:37

numbers up he wants that degree

46:39

of influence and and i mentioned earlier

46:41

the com and cause between the extremes

46:44

on the right and the establishment laughed

46:46

at me or nancy pelosi i think she's

46:48

waking up every day crossing our fingers

46:51

that donald trump runs in

46:53

twenty four that he announces well ahead of the

46:55

midterms because right now the midterms

46:58

are suddenly a referendum on president biden

47:00

leadership and speaker pelosi

47:02

and many of my haven't democratic colleagues do not

47:04

want that they wanted to be a referendum on

47:07

former president try i think former president

47:09

trump wants that as well

47:10

well we will be watching

47:12

that primary and commitment

47:14

thank you for joining us today over at back

47:17

internet

47:19

cafe the nice and i'm margaret mine in today's

47:22

gas or republican senator with former

47:25

up to a commissioner doctor sat silently

47:27

san francisco federal reserve present mary

47:29

daly democratic congressmen gregory

47:31

meeks i was represented the

47:35

hate , and and

47:37

hands and feet or meyer executive

47:40

producer of face the nation is mary hager

47:42

this broadcasts was directed by shelley force

47:45

base by shelley and originate cbs

47:48

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47:50

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47:50

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