Washington coming up the numbers are in the United States took a major hit to its g. D. P. In the wake of the coronavirus dropping more than 30 percent annually straight ahead we analyze the extreme drop and the state of the real economy here in the u. S. Plus a big texas seeing an influx of antitrust cases as tech tensions continue to rise across the globe later on in the show where to take a look at the cases and whats at stake moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the Commerce Department reported wednesday Gross Domestic Product fell by a record 31. 4 percent in the 2nd quarter of 2020 now the number was a slightly better than the 31. 7 percent decline projected in august the contraction was more than triple that of the previous record holder of 10 per cent in the 1st quarter of 1958 now economists back substantial gains in the 3rd quarter as. Millions of americans have gone back
This is boom bust one business show you cant afford to miss friendship or in washington coming up the numbers are in the United States took a major hit to its g. D. P. In the wake of the coronavirus dropping more than 30 percent annually straight ahead we analyze the extreme drop and the state of the real economy here in the u. S. Plus a big texas seeing an influx of antitrust cases as tech tensions continue to rise across the globe later on in the show where to take a look at the cases and whats at stake moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the Commerce Department reported wednesday Gross Domestic Product fell by a record 31. 4 percent in the 2nd quarter of 2020 now the number was a slightly better than the 31. 7 percent decline projected in august the contraction was more than triple that of the previous record holder of 10 per cent in the 1st quarter of 1958 now economists suspec
As the original aid package and agreement expires. There is talk of the stimulus plan, the environment for them does not look good. Well go live to a number of national airports. Linear air, big in the private arena. They have and all tern tiff for you. They say business is booming. President will be out to new jersey, a fundraising event at his club. He will be whisked back to the white house. Republicans and democrats are pulling out all stops to raise as much money as they possibly can. Back to the stimulus measure. What we can make of it as it comes to pass, not that long ago, a lot of people were worried about the government shutting down and wouldnt come together in an agreement to keep government lights on. At the last minute they cobbled together something. The president signed off on late last night. There is no government shutdown. For the naysayers out there, assuming all the worse when it comes to stimulus, maybe not. Chad what are you hearing . Reporter let me be very clea
This after china is not ready for reserve status just yet. Meanwhile, it floats its currency sending it lower. Supermarket sweep. Profits rise amid stronger online sales. A merger looks more likely. All right, good morning everyone. It is coming. Minutes from last months fed meeting show, most officials believe theyre approaching the first rate hike in nearly a decade. Steve breaks down the Market Reaction to the news. A controversial and even confusing set of minutes from the july fed meeting in which the markets clearly saw them as dovish recommending the best chance of a first rate hike in september but a lot of them seeing them as neutral and period even slightly hawkish. Peter said fomc minutes, get me an advil. He thought they leaned dovish. What they said is the conditions havent been achieved yet but hold on because the conditions for a hike were approaching they said. Some said the conditions either had been met or would be met shortly. Now it also said a prompt start to norma
Weve been discussing today and which we shall move Forward Together next, and of course President Trump will tell you about it, but hes made a number of commitments and were going to be working together and my willingness to continue to work with the United States and president on this very major topic. I understand that its important to save jobs that being said, we shall lead the United States of america work on what is its road map and continue to talk about it. So today theres nothing new, unprecedented. Otherwise, we would have told you about it but i believe there is a joint willingness to continue to talk about this and try to find the best possible agreement. As far as im concerned, im very much i remain extremely attached to the framework of the paris accord which has been a Major International breakthrough and it is within that framework that im working on priorities including the European Unions lastly, as you know, i never very much want to comment who we are and what were