Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutting back. The actual results come a much less meaningful than
That are doing some morning shopping just bundle up as you do so i know weve got those jackets scarves youve been wanting to get him out and that todays a good chance to use them at least this morning skies will remain clear all the way through the afternoon and really all the way through the weekend to no major changes there will be looking at dry conditions all across the west coast. Temperatures this is the biggest thing weve got to focus on san jose san mateo double in livermore all in the 30s right now 40s for Alameda Oakland and San Francisco. Look at some of these north bay taps petaluma youre below freezing at 30 degrees. Nevada of san anselmo and santa rosa each 32 degrees right now see at a pretty frigid start i got better news for your afternoon still to come. James and reyna all right, thank you john. Happening now after that big thanksgiving emails with but that might ask what did you did you have a big things got a little too much, but thats alright, lets roll out of a lo
Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
So what weve got to do is identify the threats that we have its crazy to confront a shouldnt let it be an arms race is on the offense very dramatic probably the only mostly im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Max keiser this is the kaiser reports lets get right into it. Right i want to remind everybody in the audience the meaning of the word smug and this is important to know because we are going to talk about the smug Industrial Complex how we are showing an excessive pride in oneself or ones achievements yes it sounds like cable news similar selfsatisfied complacent selfcongratulatory superior puffed up you might understand that were talking about the smug Industrial Complex known as the american Cable News Networks the think tank networks that are so star in all of those people in new york city and d. C. Are just so much better than every body else all the deplorable is and this country. Has the smug class to pr
Minutes. This runs an hour and 45 minutes. Sen. Crapo today, we welcome the regulators, the comptroller of the currency, brian brooks. Chair of the federal deposit insurance corporation, Jelena Mcwilliams, and rodney hood. We will receive testimony from each agency on efforts and plans since you last testified before the committee. Since the passage of the coronavirus aid relief and Economic Security act, or cares act, your agencies have taken many meaningful steps to mitigate the Economic Impact of the pandemic and provide conditions that will lead to a forceful recovery. Lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility on october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers to deduct any ppp loan for their outstanding debt. Loan for their ppp outstanding debt. Your