Skip to main content

tv   Way Too Early With Jonathan Lemire  MSNBC  March 7, 2024 2:00am-3:00am PST

2:00 am
that there's an economic story that they can tell. there is a story about america being back that they can tell embedded in that passage you read from "the new yorker," and they need to stitch together all their accomplishments opredirecting the shape of the american economy, being more active on the consumer front whether it's credit card fraud, junk fees, the return of american labor, the return of anti-trust enforcement, the way in which the state is now acting as an investment bank, health care, et cetera, it's a story they need to tell it. >> they've got a lot to do tomorrow in an hour. it is great to see you. thanks for your time tonight. >> thank you. >> that is our show for this evening. "way too early" with jonathan lemire is coming up next. i said i wanted americans to have their voices heard. i have done that. i have no regrets.
2:01 am
and although i will no longer be a candidate, i will not stop using my voice for the things i believe in. in all likelihood donald trump will be the republican nominee when our party convention meet in july. i congratulate him and wish him well. i wish anyone well who would be america's president. our country is too precious to let our differences divide us. >> that was part of nikki haley's speech yesterday announcing the end of her presidential campaign. it means we are now 242 days away from a rematch between president biden and former president trump. but today the focus shifts to washington and president biden's "state of the union" address. we'll go through what he's expected to say tonight to congress and the american people. and meanwhile, on capitol hill lawmakers appear to have another deal in place to avoid a partial government shutdown.
2:02 am
but speaker johnson again needed support from democrats to overcome dissent from within his own party. good morning and welcome to "way too early" on this thursday, march 7th. "state of the union" day. i'm jonathan lemire. thanks for starting your day with us. we've got a lot to get to this morning, and we'll begin with a november rematch between joe biden and donald trump that appears to be all set this morning following nikki haley's decision to drop out of the 2024 presidential race. let's take a look at some of what haley had to say yesterday. >> just over a year ago i launched my campaign for president. when i began i said the campaign was grounded in my love for our country. just last week my mother, a first generation immigrant, got to vote for her daughter for
2:03 am
president. only in america. i am fill would the gratitude for the outpouring of support we've received from all across our great country, but the time has now come to sus spend my campaign. it is now up to donald trump to earn the votes of those in our party and beyond it to who did not support it, and i hope he does that. at its best politics is about bringing people into your cause, not turning them away, and our conservative cause badly needs more people. this is now his time for choosing. >> notably, haley did not endorse trump in that speech but of course the door is open and she could revisit that down the road. what haley did do is leave open the possibility she could run again for president in four years. the money left in her current campaign could be used to power a 2028 bid. she could also move it to a
2:04 am
political action committee for use going forward. meanwhile, both the biden and trump campaigns immediately responded to haley's announcement and launched a new battle to win over her voters. in a statement president biden welcomed haley's supporters into the fold. writing in part, donald trump made it clear he doesn't want nikki haley's supporters. i want to be clear there is a place for them in my campaign. i hope and believe we can find common ground. in contrast, trump attacked both haley and biden in a post on truth social claiming haley got, quote, trounlsed in record setting fashion before inviting her supporters to join the maga movement. it's worth noting that trump had previously said that anyone who contributes to haley's campaign would be permanently barred from the maga camp. soon after haley announced she was sus spending her campaign, republican senate minority leader mitch mcconnell finally caved and went ahead and
2:05 am
endorsed donald trump for president. the highest ranking republican in congress wrote in part it is abundantly clear former president trump has earned the requisite for supporters. it should come as no surprise as nominee he will have my support. his endorsement comes despite trump's numerous attacks on mcconnell and social media posts, many of them racist about his wife. he also declared mcconnell after the january 6th attack -- mcconnell, of course, after the january 6th attack declared trump was morally and practically responsible for it. mcconnell was asked about all of that on capitol hill yesterday. >> february 25, 2021, shortly
2:06 am
after the attack on the capitol, i was asked a similar question, and i said i would support the nominee for president even if it were the former president. >> in april of last year you indicated and didn't really directly answer the question as to whether or not you were comfortable with mr. trump, and he was in the middle of criminal trials and indictments and he was the nominee. that means you're comfortable with that? >> i don't have anything to add what i just said. i said in february of 2021 shortly after the attack on the capitol, that i would support president trump if he were the nominee of our party, and he obviously is going to be the nominee of our party. >> let's recall, of course, mcconnell's decision not to push for trump's conviction in a second impeachment trial, the one after january 6th, that left the door open for trump's political comeback. he's currently enjoying.
2:07 am
meanwhile elsewhere in washington president biden is set to deliver his "state of the union" address to the nation tonight where he'll lay out the issues facing american voters ahead of the general election in that rematch with donald trump. this will be a big chance for biden to quell doubts about his re-election prospects as he seeks to reassure the public that he's still up for the rigors of the job. and we're getting a preview of some the themes he plans to tackle tonight. biden is expected to tout his economic accomplishments from the infrastructure bill to lowering drug prices and getting rid of some junk fees. the president will also focus on protecting women's reproductive rights especially following alabama's recent ivf ruling. biden will make a contrast between his policy agenda and that of donald trump. the president will address the crisis at the border, ongoing war with ukraine and among other issues. and as far as potential hecklers, we're learning house speaker mike johnson is urging
2:08 am
lawmakers to maintain decorum after republicans had a number of outbursts during speeches the last two years. but we're told president biden has been prepping for this and plans to, quote, rise above the disruptions. meanwhile, on the republican side we know what former president trump will be spending his night doing. trump went on truth social yesterday to tell his followers he will do a live play by play of biden's "state of the union" address and that he will correct in rapid response any and all inaccurate statements. following biden's speech, alabama freshman senator katie brit will deliver the gop's official rebuttal. according to a source familiar with her speech, we can expect brit to lean into the argument that the republican party is the party of parents and families. she will address alabama's controversial ivf ruling. we're talking about policies affecting the country.
2:09 am
texas congress woman monica del lucruz will deliver the spanish language address where she's expected to tackle the border and the economy. joining us now white house correspondent for reuters, jeff mason. we're so grateful you're with us this morning to offer a preview of the president's major "state of the union" address, a significant opportunity to prove his vitality, to prove to voters that he's up for the job. let's also talk about some of the concrete things he might say tonight about the border, about the two hot wars, about the economy. what should we expect? >> i think you're right to emphasize this is a big opportunity. it may be the last opportunity president biden has before the november election, even though it's more than 200 days away. as you said to have this many eyeballs on him and just him for a big speech. so he'll want to take advantage of that. he'll want to lay out his case for re-election in a way that is appropriate for a "state of the union" address when he's
2:10 am
speaking to congress and not out on a campaign rally, but that is one thing biden has not really done. he has made a case for why voters should not re-elect former president donald trump because president biden has painted him as a threat to democracy, but he has not gone out and said this is what i would do with another four years, and so i think we'll hear that tonight with regard to the economy as you said, with regard to abortion rights, and with regard to the border. i think in particular on the border, which is an issue that former president trump is hammering him on and republicans, he will hammer back and say, look, we had a deal. and you guys should have passed it. and i think he'll lay the blame at the foot of republicans for not having done that and painted himself as somebody who will finish the job. that's a quote he used in his "state of the union" last year. i think you'll probably hear that or something similar again and saying this is what i'll do in order to do that. >> let's remember the president
2:11 am
got high marks for last year's speech, even had that sort of spontaneous exchange with republican lawmakers there, and he got the better of them. and white house aides hope for something similar tonight. of course after his speech the president will hit the roads supporting it. some members of his team already have been traveling. and you were with the vice president, kamala harris, to the key -- her visit to the key battleground state wisconsin yesterday. tell us a little bit more about what she had to say and why we should expect her to play a big role going forward. >> i was with her yesterday. wisconsin is a key battleground state. i think you'll be sighing vice president harris there a lot. i think you'll see president biden there a lot. she yesterday was essentially touting president biden's economic record. she was talking about apprenticeships. she was sort of underscoring the white house's case for bidennomics without necessarily mentioning that name, which has been both positive and negative i think in some cases for the democratic party. but as far as the role that she plays, jonathan, look, any vice
2:12 am
president plays a big role in a re-election campaign. all eyes will be on harris this year in a way that probably no previous vice president has had or at least not in modern times because of president biden's age. there will be a lot of scrutiny of her as there has been over the last few years. the scrutiny will only increase because of the possibility that she could potentially have to take over for an 82-year-old and older president if he's re-elected. and i think she's trying to make the case she's up for the job, and she's doing that with the travel, doing that by becoming the primary spokesperson for this administration on reproductive rights and the other things she was talking about yesterday. >> yeah, no, absolutely. that's a really good point about abortion rights and the vice president. we'll have much, much more on the "state of the union" as the show continues. white house correspondent for reuters, jeff mason, thank you so much for kicking us off this morning. next up on "way too early" house republicans set a date for testimony for hunter biden.
2:13 am
what he and his lawyers are saying about the gop's continued push to impeach his father, president biden. plus, the latest from capitol hill as lawmakers do pass senate funding bills in an effort to avoid a government shutdown by the end of the week. those stories and a check on sports and weather when we come right back as we take look at the site of tonight's "state of the union," a predawn u.s. capitol. tonight's "state of the union," a predawn u.s. capitol. [ sneezing ] [ flatulence ] what is it you're holding? a cookie. [ groans ] ♪ ♪ get ready to meet your match. skadoosh. stand back. i'm gonna kick my butt. (psst! psst!) ahhh! with flonase, allergies don't have to be scary. spray flonase sensimist daily for non-drowsy long lasting relief in a scent free, gentle mist.
2:14 am
flonase all good. also, try our allergy headache and nighttime pills. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. no, my denture's uncomfortable! dracula, let's fight back against discomfort. with new poligrip power max hold & comfort. it has superior hold plus keeps us comfy all day
2:15 am
with it's pressure absording layer. time for a bite! if your mouth could talk it would ask for... poligrip. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. whoa, how did you defeat them? help you find and unlock with a little kung fu strength and by connecting my devices to the most powerful force of all. skadoosh. hah, huh? cool right? amazing. harness the power of xfinity internet and stay connected to the things you love. ah, they'll be like this for hours. hello dad, hello dad, hello da. uh-oh. good bunnies. ahh!
2:16 am
welcome back. as we turn to some of the morning's other top headlines, the republican led house oversight committee has invited hunter biden and three of his former business associates to testify at a public hearing to be held later this month as part of the ongoing gop impeachment inquiry into hunter's father. a representative for hunter biden's legal team told nbc news they would respond to the committee was invitation in writing. the announcement of the march 20th hearing comes after hunter
2:17 am
biden testified last week in a closed door deposition on capitol hill. he repeatedly denied that his father, the president, had any involvement in with his business dealings. a source familiar with the younger biden's legal strategy told nbc news that republican committee chair james comer is, quote, desperate to keep alive an impeachment inquiry that died when hunter biden testified for almost 7 hours last week. we'll keep you posted. elsewhere on capitol hill, the house of representatives has passed a set of funding bills needed to avoid a partial government shutdown this friday. in total 83 republicans and two democrats voted against the package. the bills will now head to the senate where the upper chamber is trying to reach an agreement to fast track their consideration to pass the measures in time. both sides of the aisle are telling nbc news they do believe they will get the bills to president biden in time for him to sign them and avoid the shutdown. in response to this funding package, house speaker mike
2:18 am
johnson said he was pleased with the legislation because it allowed him to make some spending cuts. take a listen. >> we also advanced as you've seen the summary cuts to some of the agencies we believe are really overreach and have been turned in some ways against the american people. we're going to cut 3% from doj, 7% from the atf, 6% from the fbi, 10% from the epa. and that's just a start. we have a lot more priorities and things we need to advance, but the reality is as we all recognize is we have to grow the house majority, take back the senate from the republican party, and win the white house. and i'm here to tell you the reason we're optimistic we believe those things are going to happen in november. we can't wait, they can't get here soon enough. >> cutting doj, cutting the fbi, perhaps it is the republicans who are defunding the police. meanwhile the republican national committee will formally vote on its new leadership tomorrow in houston. last week ronna mcdaniel
2:19 am
announced she's stepping down as chairwoman, this after donald trump had already endorsed a new slate of leaders. he called for michael watly to lead the party and his daughter-in-law laura trump, to be the cochair. as of now there are no challengers. it's expected they will formally step aside tomorrow after the vote. that will allow the new leadership to bring in trump's top campaign add as trump officer. meanwhile a growing number of rnc members believe that the committee should indeed help pay trump's legal bills. but, let's be clear, this could strain the party's ability to financially support other candidates. he's previously told reporters he's not in favor of the idea but that it won't matter if enough voting members, indeed, want to do it. we shall see. it's trump's party. still ahead we'll turn to
2:20 am
sports including some highlights from the nba, including steph curry and the golden state warriors looking for a bounce back win against the bucks after that huge blowout loss to the celtics over the weekend. we'll be right back with that. d we'll be right back with that. [street noise] [car door shuts]
2:21 am
[paparazzi taking pictures] introducing, ned's plaque psoriasis. ned, ned, who are you wearing? he thinks his flaky red patches are all people see otezla is the #1 prescribed pill to treat plaque psoriasis. ned? otezla can help you get clearer skin, and reduce itching and flaking. with no routine blood tests required. doctors have been prescribing otezla for nearly a decade. otezla is also approved to treat psoriatic arthritis. don't use otezla if you're allergic to it. serious allergic reactions can happen. otezla may cause severe diarrhea, nausea, or vomiting. some people taking otezla had depression, suicidal thoughts or weight loss. upper respiratory tract infection and headache may occur. with clearer skin movie night, is a groovy night (♪♪) live in the moment. ask your doctor about otezla.
2:22 am
[dog whimpers] [thinking] why always the couch? does he need to go to puppy school? get his little puppy diploma? how much have i been spending on this little guy? when your questions about life turn into questions about money... there's erica. the virtual financial assistant to help you spend, save, and plan smarter. only from bank of america. we all need fiber for our digestive health, but less than 10% of us get enough each day. good thing metamucil gummies are an easy way to get prebiotic, plant-based fiber. with the same amount of fiber as 2 cups of broccoli. metamucil gummies the easy way to get your daily fiber. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. there's something going around the gordon home. good thing gertrude found delsym.
2:23 am
now what's going around is 12-hour cough relief. and the giggles. the family that takes delsym together, feels better together. way outside. he's 4 for 4. in a time out called by doc rivers, the warriors now with a 7-point lead, he's got their last 10 points. >> a little golf swing from steph curry after he knocked down a long three-pointer as he led the warriors 29 points over the bucks last night. golden state bounced back from that blowout win last sunday this one in a route 125-90. to los angeles now, something to worry about perhaps for lakers fans. lebron james limped off the
2:24 am
court in the waning minutes against the kings as he continues to deal with an ankle injure that hez kept him listed as questionable. still he had 31 points and 13 assists but it went to waste as the lakers surrendered. and the kings beat the lakers 130-120. we'll keep you posted on lebron. meanwhile portland, a scary moment along the oklahoma city side line yesterday as big man bismack biyombo appeared to collapse on the bench following the second quarter. following a lengthy delay he was able to walk off the court on his own but did not return to the bench being cleared of any medical issue. let's hope he's okay. the thunders went onto beat 128-120. the conference champion was crowned last night as fourth ranked tennessee took down south
2:25 am
carolina to secure its first outright regular season title since all the way back in 2008. come back victory on the road against ucf. they can clench the title outright with their win in the last game of the regular season that comes against 14 kansas on saturday or if sixth ranked iowa state loses to kansas state. meanwhile the u.s. women's national soccer team is headed to the gold cup title match after beating canada in a rain soaked semifinal in san diego last night. rain in san diego? these days, yeah. a torrential downpour ahead of the kick off soaked the stadium. you can see the puddles on the field here. look at this. they don't know where the ball's going throughout the game. a north american soccer rivals traded goals in regular time. and then in extra time the match ended 2-2 ahead of a shootout.
2:26 am
the american goalkeeper almost single-handedly securing the win. the u.s. women will meet brazil on sunday. angie, what wild conditions in san diego, puddles on the field and i see more rain on your board. >> yes, soggy indeed out west. we're going to see better conditions as we go through the day today. we're still dealing with a bit of rain leftover. this morning maybe northern new england will have to deal with that late morning but otherwise we'll see that system clear out. then we turn to the middle of the country wree have a chance for strong to severe storms thanks to a system going to work its way across the country over the next couple of days. we've got the severe risk from texas into kansas. and as we get into tomorrow we really start to see things ramping up as far as our strong storms are concerned and our heavy rain. you can see the rain from parts of the great lakes to the gulf coast. this system, unfortunately, is going to bring more rain into our weekend plans across the
2:27 am
north east, in the mid-atlantic. we'll have to watch for that. here's the area we're watching tomorrow. an even larger swath of the country at risk for those severe storms and we could see large hail and damaging wind gusts. 20 million people included in that tomorrow afternoon and evening. >> angie lassman, thank you as always. still ahead on "way too early," we'll return to our coverage on the "state of the union" including new reporting on what african american voters want to hear from president biden tonight. "way too early" will be coming right back. tonight. "way too early" will be coming right back ♪3, 4♪ ♪ ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪
2:28 am
[♪♪] if you're only using facial moisturizer in the morning, did you know, the best time for skin renewal is at night? olay retinol24 renews millions of surface skin cells while you sleep. wake up to smoother, younger-looking skin with olay retinol24. here's to getting better with age. here's to beating these two every thursday.
2:29 am
help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. when i was your age, we never had anything like this. so,what? wifi?now. wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network.
2:30 am
2:31 am
welcome back to "way too early." it is precisely 5:30 a.m. on here on the east coast, 2:30 out west on this thursday morning. i'm jonathan lemire. thanks for being with us. with nikki haley now officially out of the 2024 presidential race, former president trump is looking to take on president biden. in a new post on social media, trump challenged the incumbent to debate, quote, any time, anywhere, anyplace. adding that the debate can be held by the commission on presidential debates. his stance seems, though, to contradict the boycott voted on in 2022 by the rnc. two years ago the rnc unanimously voted to withdraw from the debate organizer calling them biased. the decision was thought to be made at the direction of president trump after he repeatedly clashed with the committee. the biden campaign responded yesterday in a statement writing this, if he's so desperate to see president biden in prime time, he doesn't have to wait.
2:32 am
he can join the tens of millions of americans who will tune in to watch the "state of the union." of course we should reiterate trump refused to debate in any of the republican primaries and now he's saying he will for the general. we'll see. and ahead of tonight's "state of the union" address we're digging into new reporting about what black voters in particular want to hear from president biden's speech. according to a peace at semafor black members of congress are hoping biden will use his remarks to speak directly to the concerns of african americans who are currently feeling lukewarm about biden's re-election bid. as semafor notes black voters have become an unexpected sorls of concern for the white house's re-election hopes this year. and joining us now the author of that piece, politics reporter at semafor. thank you so much for joining us this morning. so fascinating piece we wanted to highlight this morning. tell us more about it. what are some of the topics that black voters and lawmakers alike want it hear from president
2:33 am
biden tonight? >> yeah, john, that's right. black members of congress have been openly acknowledging that joe biden is losing support among black voters. so they've also been saying this for a while and suggesting that he should probably tout more of his accomplishments, and, you know, really talk about what he's done for the black community. but what i've been talking -- when i was talking this week to members they were saying they had direct, you know, concerns, and they said they want him to talk about what's going to happen in the future. i spoke to representative sheila jackson lee, and she talked about, you know, securing or making black people comfortable with the idea that dei, diversity, equity, and theclusion is being stripped away from them and showing that the administration will have them back. i talked to maxine waters. she said she personally reached out to the white house with a request about talking about
2:34 am
homelessness and housing discrimination. so they have specific demands, and these are things that they're hearing from their constituents out on the ground. >> so tell us a little bit about your reporting and how aware is the biden campaign of his vulnerability? that black voters particularly black men seem to not be supporting him as much as frankly president biden needs. some perhaps will actually take this step to vote for donald trump, and others just stay home or find a third party candidate. what is the biden re-elect team doing about this? >> i think they're very clear that, you know, even a small percentage of black voters leaving the party or voting for donald trump is probably a concern for them. and you've seen president biden out on the road making inroads, going to south carolina as, you know, part of a formal pitch earlier in the year. so i think they're cognizant of this and have been working on
2:35 am
some of these issues. >> all right, well, it's a great piece on semafor. thank you for joining us this morning. of course we'll have complete coverage of the "state of the union" tonight on msnbc. next here we'll go to a live report from our pals at cnbc with a look at the latest business headlines and what's driving the markets this morning ahead of the opening bell. you're watching "way too early" and we will be right back. and w. [♪♪] looking for a moisturizer that does more than just moisturize?
2:36 am
try olay regenerist for 10 benefits in every jar. olay visibly firms, lifts, and smooths wrinkles, by penetrating the skin, to boost regeneration at the surface cellular level. try olay. when you have chronic kidney disease... ...there are places you'd like to be. like here. and here. not so much here. farxiga reduces the risk of kidney failure which can lead to dialysis. ♪far-xi-ga♪ farxiga can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract or genital yeast infections, and low blood sugar. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking farxiga and call your doctor right away if you have symptoms of this infection, an allergic reaction, or ketoacidosis. when you have chronic kidney disease, it's time to ask your doctor for farxiga.
2:37 am
because there are places you want to be. if you can't afford your medication, astrazeneca may be able to help. ♪far-xi-ga♪ ♪oh what a good time we will have♪ ♪you... can make it happen...♪ ♪♪ try dietary supplements from voltaren for healthy joints. oooh! this is our night! shingles doesn't care. but shingrix protects. only shingrix is proven over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome
2:38 am
was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. ask your doctor or pharmacist about shingrix today. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. some business news. after reporting their first sales decline in seven years, target is launching a new paid membership club called target circle 360. not to be outdown tj max announced they're launching a new fight club. i had it first. >> thanks, jimmy. time now for business and for that let's bring in cnbc's
2:39 am
arabile gumede live from london. no stranger to fight clubs. stock futures, arabile, inched down after major averages posted their first major session in three days. how do we expect the markets to look today particularly when they react to federal reserve chairman jerome powell's testimony on the hill? >> yeah, well, they'll all be fighting for some sort of advantage in the ring, aren't they? and that's particularly this market movement which, yes, managed to gain yesterday. so it's back in the black on yesterday's trade. today does look weaker again. it is a little on those comments from fed chair jerome powell. he said, again, that the expectation is, yes, the fed could probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private
2:40 am
payroll numbers did show some sense of weakness which is then going to perhaps offer some sentiment around what exactly is going to happen for interest rates. it's the second day of congressional testimony as well today for jerome powell, so we'll await more word. and of course we do have those non-pharm payrolls data out tomorrow. >> shares in community bank corp rebounded after the troubled regional bank announced it had raised about a billion dollars in capital. how might that cash infusion help the ailing back and steady nerves across the industry? >> yeah, so i mean it's actually very interesting when one takes a look at that company. they've needed this cash infusion in order to restructure that entity and that business for a significant amount of time and really hurting a lot of the lower players within their banking sector overall. let's remember this troubled regional lender is following on
2:41 am
the same state as what we saw last year silicon valley bank, the likes of svb getting hurt. almost a year to day really we're seeing a similar situation unfold. again on the bank of news yesterday the bank was actually looking for that cash infusion, the stock price actually fell as much as 40%, managed to recover, however, when it was able to get that 1 billion cash infusion then into the stock price. in fact, in premarket it's also up around 2% or so as well. not a clear significance of how it's happened. >> yeah, keep an eye on that. and lastly and briefly egypt reached a deal with the international monetary fund on bailout loan to help shore up the economy. tell us more about that, please. >> so the egyptian economy has kind of needed a significant amount of push and because of what the environment we see ourselves in, high interest rates across the globe and hurt high inflation rates as well and the economy that needed the funding in order to grow its
2:42 am
expansionary plans it maintains for a significant amount of time and also been a devaluation of the currency as well, record rate hikes as you've been seeing as well coming out of the north african country so it will help shore up a little more. it does help add to the global debt crisis we're seeing and the oecd saying they're very concerned about the overall impact this will have globally. >> cnbc's arabile gumede live from london, thank you as always. still ahead president biden is set to deliver his "state of the union" address tonight. a high stakes speech and white house principal deputy press secretary olivia dalton joins us next with more on what we can expect to hear from the commander in chief. "way too early" will be right back with that. ander in chief "way too early" will be right back with that no, my denture's uncomfortable! dracula, let's fight back against discomfort.
2:43 am
with new poligrip power max hold & comfort. it has superior hold plus keeps us comfy all day with it's pressure absording layer. time for a bite! if your mouth could talk it would ask for... poligrip. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right?
2:44 am
is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible.
2:45 am
it's happening. get started for $49 a month. plus, ask how to get up to a $800 prepaid card with a qualifying internet package. don't wait, call and switch today! perhaps you know me as, the kung fu panda. ♪ ♪ ah, you're adorable. huh. oh, whah! welcome back. and we continue to look ahead to tonight's "state of the union" address. a cabinet member is telling nbc news that president biden primarily wants to talk about
2:46 am
saving people money and cutting costs for average americans. he wants to focus on the economy, democracy, and freedom, climate change, and also the right to vote. joining us now white house principal deputy press secretary olivia dalton. thank you for joining us again especially on a big day here. immigration has emerged as you know as a top issue for voters across the country. and republicans on the hill rejected a bipartisan border deal, but we see polls suggest that voters still blame democrats for a lot of the chaos they have seen at the southern border, influx of migrants across the country. what are we going to hear from the president tonight on this issue? should we expect any announcement of executive orders or other concrete actions? if well, the president has a big audience tonight to remind americans that as you just said that house republicans had a strong, tough, fair, bipartisan border security agreement on the table they walked away from.
2:47 am
that was not just negotiated with the white house and democrats. that was negotiated with the white house, senate democrats, and senate republicans over the course of four months. and in the face of the challenges we're dealing with on our border, house republicans nevertheless caved to the demands of donald trump and walked away. the president is certainly going to take the opportunity at, you know, every interval to remind americans who's responsible for that as we continue to try to deal with the challenges we face on our southwest border. so you can certainly hear from that -- you'll certainly hear from the president on that tonight. but you're also going to hear from the president on a lot of other things. defending democracy and not diminishing it, defending our freedoms and not ripping them away, and continuing to build on the historic progress that he's made over the last three years and keeping our foot on the gas to make sure we can keep making progress in the years ahead. >> of course the conflict in the middle east will shadow tonight's speech. we're hearing news about a
2:48 am
deadly strike by the iranian backed houthi that has left three people dead on a vessel there. and reports out of cairo cease-fire talks between israel and hamas have broken down. what are we going to hear from the president tonight what's happening in the middle east particularly since so many voters including democrats have registered their real unhappiness about the humanitarian crisis in gaza. >> the president has been lazar focused on these issues across the globe. and let's not forget he's had a live request to congress for the national security supplemental, which would provide funding for israel, provide humanitarian funding for gaza, and also, by the way, provide funding and weapons and munitions we desperately saw just yesterday ukraine needs to defend itself on the battlefield in the face of just brutal attacks by russia that, again, you saw the attacks near the president zelenskyy it was convoy yesterday and very near the greek prime minister as well. there are a whole host of
2:49 am
national security challenges that we face across the globe, and yet we've met with resistance from congress in getting that national security supplemental passed. the president is going to continue to make the case that we need to deal with these urgent challenges, meet those challenges, and we need congress to work with us to get that done. certainly tonight you'll hear from the president about his continued focus on bringing the hostages home, securing a hostage deal, and along with that obtaining the temporary cease-fire that we need to really make sure that we can surge humanitarian aid into gaza the way we need to. >> the president says he hopes for a cease-fire by ramadan, now just a few days away. olivia, what sort of role is president trump going to play tonight? is president biden going to call out trump by name, and how is he going to draw contrasts between himself and now his likely general election opponent? >> look, i think you can broadly -- you can expect to hear the president speak in the
2:50 am
ways he always has about, you know, the need to make progress in our country, the need to do it together. you're going to hear a lot of unity and optimism, you know, that's fundamental to who the president is as a president and as a leader. you're going to hear that from him tonight, hear him make the case and hear him talk about all the challenges he inherited when he came into office by his predecessor and the work he's done over the last three years to bring america back, to build back. and you've seen, you know, it's no accident right now that we have 15 million jobs -- new jobs in our country. it's no accident we've had the strongest post pandemic recovery of every major economy in the world. it's no accident we've small business starts. that is not an accident. that's joe biden. that's joe biden's policies. that's joe biden's economic agenda. his belief that we rebuild our economy by doing that from the bottom up and the middle out. you're going to hear from him a
2:51 am
clear message about his vision, how it is working, how we continue it, and contrast that with the other side. you know, a party that wants to -- that continues to be focused on trying these failed trickle down policies that really don't benefit anyone but the wealthiest special interes ts in this country. >> we'll have complete coverage tonight and tomorrow morning on msnbc. white house principal deputy press secretary, olivia dalton, thank you. we appreciate you being on this morning. >> thanks, john. up next on "way too early," donald trump all but won the gop presidential nomination, but plenty of republican voters are very much not on board. we'll talk about that straight ahead. coming up on "morning joe," as we've been discussing, president biden is set to deliver his high stakes state of the union speech tonight. we'll dig into how the president is preparing when white house press secretary karine
2:52 am
jean-pierre joins the conversation with a preview of what to expect. plus, new york governor kathy hochul will be a guest. she'll join the table. you won't want to miss that. "morning joe" a few moments away. [dog whimpers] [thinking] why always the couch? does he need to go to puppy school? get his little puppy diploma? how much have i been spending on this little guy? when your questions about life turn into questions about money... there's erica. the virtual financial assistant to help you spend, save, and plan smarter. only from bank of america.
2:53 am
you didn't live this strong, this long to get put on the shelf like a porcelain doll. if you have postmenopausal osteoporosis and are at high risk for fracture, you can build new bone with evenity®. ask your doctor if you can do more than just slowing down bone loss with evenity®. want stronger bones? then build new bone; evenity® can help in just 12 months. evenity® is proven to reduce spine fracture risk by 73%. evenity® can increase risk of heart attack, stroke, or death from a cardiovascular problem. do not take evenity® if you have low blood calcium, or are allergic to it. serious allergic reactions and low blood calcium have occurred. tell your doctor about jaw bone problems, as they have been reported with evenity®. or about pain in your hip, groin, or thigh,
2:54 am
as unusual thigh bone fractures have occurred. don't let a break put you on a shelf. talk to your doctor about building new bone with evenity®! [♪♪] if you're only using facial moisturizer in the morning, talk to your doctor did you know, the best time for skin renewal is at night? add olay retinol24 to your nighttime skincare routine. it combines hydrating moisturizers with powerful retinoids to renew millions of surface skin cells while you sleep. plus, it hydrates better than a $100 retinol cream. wake up to smoother, younger-looking skin with olay retinol24. learn more at olay.com this has been medifacts for olay.
2:55 am
welcome back. just one day after former president trump swept all but one of the super tuesday states, former congresswoman liz cheney is launching a new political action committee. she unveiled her new pac, the great task, on social media with a scathing post, skewering her party for again choosing trump for the nominee. she wrote this, "the gop will nominate a man who attempted to overturn an election and seize power. we have eight months to save our republic and ensure donald trump is never anywhere near the oval office again." the great task is a multi-candidate pac sponsored by the former congresswoman. it's not yet affiliated with any presidential candidate. joining us now, former congressman of florida. david, thank you for being with
2:56 am
us this morning. liz cheney is representative of a significant group of republicans, voters, who simply will not back donald trump. we saw a lot of them break for nikki haley in recent weeks. >> yeah. >> do you think they'll hold firm and either support president biden, support a third party candidate, stay home, or will they inevitably come back to the gop and trump? >> well, i think that's the decisive question in november, jonathan. will they -- will their opposition to donald trump lead them to vote for joe biden, or will they stay home or consider a third party? this is where the leadership of nikki haley and liz cheney and others becomes so critically important. i'm not sure that nikki haley herself really led a movement as much as she did create a vessel for these voters. if you are one of these voters who was most concerned with donald trump's fitness, his fitness for office was why you opposed him, the fact that he won on super tuesday doesn't
2:57 am
make him more fit for office. where is the intellectual honesty, the call to action? it kind of requires you to actually then say, well, i'm going to vote for joe biden. i would suggest, with all due respect to liz cheney, who is a true patriot and has demonstrated that in the last year, the line that is missing from her statement is, "therefore, i will be voting for joe biden, and i'm asking you to, as well." jonathan, this isn't 2016 where there are a lot of unknowns. it's not 2020. it's 2024. we know the threat that donald trump is. the voters who voted for haley said he is a threat, he is unfit. the only answer then is to go all the way and suggest, therefore, i will vote for joe biden. i think we should hear that from nikki haley and liz cheney. i'm not sure we will from haley. maybe we will from liz cheney before november. >> give us your brief assessment simply of what these primaries showed us about trump's strengths and, more importantly, his weaknesses.
2:58 am
>> yeah, jonathan, i think donald trump is in a lot of trouble. i mean, we look at the polls. you see he's up a few points over joe biden. we looked at the electoral map. the truth is, this coalition of soft republicans and independents who have chosen democrats over republicans, they were there in '18, '20, '22. they're still there in '24. in '24, we actually have the motivating issues, like dobbs and reproductive freedom that we didn't have in '16 and '20. i think donald trump is in trouble. ignore the polls for a minute. i would much rather be in joe biden's position today than donald trump's. >> joe biden has a big position tonight. the state of the union address, national audience, probably his biggest of the year. the only other coming close may be a convention speech or if he and trump have a debate or two. what does he need to do in terms of policy and proving vitality when he speaks to the voters? >> look, i think joe biden is in a very strong position. i think the one thing that has to happen before november by
2:59 am
biden and democrats is to take control of the issues of the economy and the border. you're seeing him do that. right now, republicans have gotten away with framing the issue. the economy is somehow soft. that's not true. the border problem is joe biden's problem. that's not true either. joe biden has led a solution that republicans have stopped. in some ways, i think posture is as important as policy. be unapologetically on offense, and rope a dope republicans like you did with scott last year. the positions and issues are on joe biden's side, but republicans have gotten away with a high dose of negative partisanship. joe biden's job between now and november is to continue to turn the tables on republicans. >> biden delivered a strong showing last year's state of the union. david, lastly, do you think that biden himself tonight, would you advise him, should he go after trump directly, by name, calling him out on what he has done before and plans to do in a possible second term? >> i think i'm in the minority.
3:00 am
i don't think he should mention donald trump. he doesn't need to. a strong defense of democracy, of kitchen table issues, growing economy for all people, draws a natural contact to donald trump. i've been with the house for 25, 30 years. i'm an institutionalist. tonight is not a campaign speech. let the contrast of the issues work for itself. it'll be clear that you're also isolating donald trump and his vision for the country verse yours. >> president biden will hit the campaign trail right after the speech tonight. he's got stops in battleground states of pennsylvania and georgia the next couple of days. more travel planned for next week. certainly, a high stakes speech tonight, one that his voters believe can help change some of the narrative around biden and, as you say, david, draw contrast with maga republicans. former maga republican david jolly of florida, thank you for joining us. we'll be reading your piece for msnbc.com. come back soon. thank you, david. thanks to all after you

65 Views

info Stream Only

Uploaded by TV Archive on