Now the ceo of juul is out and tobacco giants Philip Morris and altria call off their merger talks. The Political Risk for stocks, futures pointing to a muted open House Democrats move on impeachment and what the turmoil will mean for ongoing u. S. china trade talks. New products driving sales and double digit growth in china. Big news regarding Philip Morris international and altria. The two companies deciding to end merger talks juul is announcing that kevin berns is stepping down as ceo. It will suspend all broadcast, print and Digital Advertising in the United States as regulators have launched this crackdown on vaping products. Meantime, altria tightens their guidance for the year. Reaffirms domestic cigarette volume down 5 to 6 but it does seem like juul is entering a new chapter here as they try to get fda approval. I think if the fda cares about where was gottlieb on this cnbc contributor why didnt he shut this thing down we cant get cannabis passed in this country we let juul
In the meantime, this is what im looking at. The euro having a little bit lower. Spain continuing to be on edge after its Prime Minister moved of thethe authority region. The nikkei up 1. 11 . Sent thees election region to elect to a record. Thats your market check. Lets get to the bloomberg first world news. Catalan separatists are meeting today to formulate their response. Catalan president is set to be ousted, but he vowed to fight on. His allies are signaling he could be declaring independence this week. Rex tillerson is calling on european allies to support new sanctions on iran. He is warning that companies doing business with tehran are doing so at their own risk. He was in riyadh for talks trying to bolster a new alliance between saudi arabia and iraq. Saudi arabia has rebuffed his requested in the fourmonth isolation of qatar. Mays efforts to get brexit legislation through parliament has hit a low new load lock new roadblock. Political political fragility was underlined by the
23 million jobs created in millions moved out of poverty and the narrowing of the income inequality cap and the first legit surpluses in generations. How did it happen . How did the 1993 legit to that reduce the deficit get done . For the 1997 budget deal that balanced the budget unsecured historic surpluses westmark how to the earned income tax credit and the Childs Program that helps the poor and the working class families and pulled will millions into the middle class get done . Jean spurling and erskine roles are the Perfect People to answer these questions. Erskine bowles is to my left and joined the Clinton Administration in 1993 as the administrator of the Small Business administration and then moved to the white house as deputy chief of staff in 1994 and then chief of staff at the start of the Clinton Administration in 1997 until october, 1998. To keep them honest, and to add context to their consequential work is the associate professor of Political Science at the United State
Symposium hosted by the Clinton Foundation and Miller Center. It is a little over one hour. Please welcome msnbc contributor jonathan k parks and the Economic Policy panel. [applause] thank you very much. As the voice of god said, i am john [indiscernible] from the washington post. When president clinton took office on january 20, 19 93, the American Economy was in bad shape. Unemployment is high. The deficit is high. The National Debt was climbing even higher. The man who campaigned on cutting the deficit in half had a seemingly impossible task. The longest economic expansion in u. S. History a narrowing of the income inequality gap in the first Budget Surplus in generations. How did it happen . How did the budget deal of 1993 get done or the 1997 budget deal that balance the budget and secured these historic surpluses . How did the Child Health Insurance program that helped the poor and workingclass families and untold millions fold into the middle class and get done . Gene sperling
Spending, and auto sales. And then finally on friday, we get that big july nonfarm payrolls report. Economists are looking for about 184,000 jobs to have been added for the month. Meantime, the Unemployment Rate is expected to fall to 7. 5 . But joe, its going to be really interesting watching a lousy gdp number, probably a good jobs number and seeing how the tenyear reacts to each of those numbers. How do we know about the jobs number . Were ready for a bad one. You think it will be good because of the claims numbers . I dont know. I dont know either. Were ready for either. How the bond market reacts to good news bad news potentially. And the feds going to be in focus this week. Yep. Talking about the fed . So sick well, if its not humphrey hawkins, a twoday bernanke thing, now its the fom. I dont remember in my life being so controlled by any every fed decision. Then the minutes release later of what they said. Its constant. And theres such a big part of our life. I think its a sad c