Unpopular. Lets go through a few cases that illustrate very dramatically and visually what it means to live in a society of different people who help stick together because they believe in a rule of law. Hello, and welcome to landmark cases. This is the first of 12 Historic Supreme Court cases well be looking at this season. Mcculloch versus maryland, our case tonight. And for the next 90 minutes well learn more about this significant case, and the people and issues behind it, and why its so important in our American History process. Later on well take your calls, well also take your questions on facebook and twitter, and make you a part of this conversation. We have two guests at the table tonight to help us understand what mcculloch versus maryland is all about. Let me introduce them to you, farah peterson, and mark killenbeck. The first question, of course, why does this belong on the list of landmark cases . Well, one of the most dominant controversies in the interpretation of the
Power lunch starts right now thank you, michelle your money just keeps pushing higher and higher. The dow and s p hitting new alltime highs tech roaring back as a top performer. Energy lag a bit loyal prices falling today overall, though, a good day for your investments and your money. Straight to bob fisani with more on why theres a monday filled with optimism again. And we are at new highs for several reasons. Lets take a look at the new high s p 500 and the Dow Jones Industrial average new highs because the breadth of the market is widening out last week, tech stocks were losers many losers on the month not anymore. Apple, alphabet, microsoft, facebook when apple is up 2. 5 , thats a huge mover for the s p 500 also, broadening several banks have been moving up in the last couple of weeks even new highs comerica and many of the trust banks like state street, northern mellon. Then industrials a whole swath of the big, big names. Illinois tool works, honeywell, 3m, caterpillar, ingerso
Yesterday after those minutes from the Federal Reserve. You can see the eurodollar pretty much unchanged, off 0. 1 . Lets look at how european stocks are doing following the recession lower. The stoxx 600 off by 0. 6 . European stocks set for there were drop in more than a month. Thanks underperforming. Part of that down to the minutes we got from the fed, signals that the Federal Reserve may look at shrinking the Central Banks Balance Sheet. Also, about equity prices being high. You are seeing a weaker dollar, stronger yen. If you look at the bloomberg dollar index, we seeing that recover a little bit. It is ever so slightly higher. Eurodollar, we are also closely watching after comments from ecb president mario draghi. 1. 0646. Lar at the bund yield one basis point number as well. Now lets get the bloomberg first word news. Saidtian President Trump an apparent poison gas attack in syria which killed more than 70 people has changed his thinking on the civil war. He called heinous acti
I forgot how crisp that was. Captain america is involved in another civil war this morning with the United States military. Even after a year, its not a marvel story, its a real story. This is a real show, im real. That hurts a little. In fact, that hurts a lot. Mornings are better with friends. The captain america story is crazy, its not a real person. Hes got ame comic strip bank account. When was the last time you saw somebody with a shield . Big day today, its thursday. We are talking about the big meeting in washington. We are just hours away from the meeting of the conservative minds live on capitol hill. Is this thursday already . Today donald trump will sit down with the Republican Leaders, but first at 9 00 a. M. It will be paul ryan. And joining us live outside rnc headquarter where is they will have the big summit is garre garrett tenney. Good morning. Reporter good morning. Todays meeting will play a big role in determining the extent to which this can happen. Today donald
Is 70 billion in debt. In a very short story, we got into a recession, congress with thepproved help of that section, it was to help puerto rico walk out of the recession. However, Congress Said it was too much and repealed that section. , we walked the end into a recession again. From 2006 2 2012, there was an antispace in work creation. Space empty space in work creation. From 2006 and 2012, it was double. One governor to 60 billion. In just four years each. Debt 272 billion in debt, to 72 billion in not just because of adjustment, but also with loans. That is the history, and now we have to deal with that. You declaredear, the debt unpayable, and this past week the government missed most of its payment. There is a larger it hundred Million Dollar payment due in 8008 million million payment due in july. Will you be able to make that payment . Guest no, i do not think we will be able to have that money. Issue of not wanting to pay, it is that i do not have the money. The money does no