they don t support investigating the january 6 insurrection. they don t believe in making voting easier. they don t believe making mass shootings harder to pull off. they don t believe women should get the same pay as men. they don t even believe that poor people, and apparently minorities deserve decent wages. here s what a trump appointee economist told fox news. for those people, sandra, coming into the labor force brand fresh, not oldtimers who have been around for a while. the poor, the minorities, the disenfranchised, those with less education, young people who haven t the job experience. they are not worth $15 an hour in most cases. even on infrastructure, the republicans have made it clear the only way that would happen is if they can make you, the. at a pair, cough you have the dough. detect a pattern yet? earlier today, senator john thune, mcconnell s top deputy, said there s no scenario where even ten republicans would come together to make infrastructure happe
treasury secretary yellen joined the meeting. we are a little early today. i apologize for that good afternoon, happy jobs day. today i m honored to have secretary of the treasury janet yell ben join me here. she s the first person in history to have led the white house down soifl economic advisor, the federal reserve, and the treasury department. her scholarship has focused on a range of issues and her work on efficiency wages with her husband shows that firms that offer better pay and working conditions tend to be rewarded with higher morale, redeuced turnover and greater productivity. in 1994, president bill clinton appointed dr. yellen to the tall reserve board of governors. three years later he named her chair to the white house down soifl economic advisors. in 2004, secretary yellen began her third tenure at the federal reserve this tim as president of the federal reserve bank of san francisco. from that post she spotted a worrying economic trend, a bubble in home v
too, of course, fight the virus. but there s also an extension and federal unemployment insurance. and there s also money to help both businesses and families. vote split along party lines. 50 democrats 49 republicans with one not voting. president biden thanked senators in particular praising senate majority leader chuck schumer for negotiating a compromise bill the president says is desperately needed. this nation has suffered. too much for much too long and everything in this package designed to relieve the suffering and to meet the most most urgent needs of the nation. senate minority leader mitch mcconnell criticized the plan, saying it s filled with wasteful spending senate has never spent $2 trillion in a more haphazard way. are through a less rigorous process. the legislation would make millions of americans eligible for $1400 stimulus check, for example, a household of two parents making less than 150 k with two adult dependence, could get a total of $5600 also al un
cash trade. here are your top headlines from the bloomberg terminal. trumpâ on the defensive. the president stands by his handling of the coronavirus on day one of the republican national convention. says democrats are still blaming america first nikki haley says democrats are still blaming america first. the chinese arrives in europe today. demandsla merkel answers from russia after it was putin critict the was likely poisoned. we have figures crossing the wire right now. the german economy shrank 9.7% in the second quarter. the initial estimate was for a drop of 10 point 1%. this is a second look here, and so it looks like it is a little better than expected. still, of course, a massive drop , the quarter over quarter figure. the year-over-year figure is a drop of 11.3%, so a big drop in the german gdp. that the bloomberg economists expect a rebound in the second half, and of full-year drop of about 6% for 2020. let s take a look at what futures are telling us after the
shortly. onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u.s.-china trade tensions. both of those really firmly supporting the risk rally that we are seeing. let me show you the state of play with the stoxx story. the back ofming off record highs in u.s. stocks. the good times might not last, according to morgan stanley. they are saying the market is vulnerable to shocks, especially rising rates. treasuries are on the back foot as we speak. we are looking at a weaker greenback. 830.-dollar at 1.1 yeah,ps a little bit of a strange one given the wider risk appetite. the folks at pimco saying the gold rally is it played out yet is not played out yet. they believe gold remains attractively valued, especially in the context of low interest rates. here are some of the stories we are watching. both of the u.s. and china are seeing progress under their phase one trade deal. they are committed to the success of that. senior official