Hello, i am david asman, this is bulls and bears, thank you for joining us, joining me, steve moore, caroll roth, capri caforio and john burnett, what progress has been made. Reporter trying to hash out what a economic stimulus package would be, could look like. President , to that end up to capitol hill today, had lunch with Senate Republicans to discuss possible options Going Forward, so far president , and the treasury secretary, Steve Mnuchin have talked about following, a payroll tax cut. Potential small be loans, paid leave, deferred tax payment and help for airline, cruise and hotel industry, were told in meeting that president floated idea of bringing down payroll taxes to zero. That would be very both employer and employee. Keep in mind, white house numbers project, over next 12 months, that would be about 1. 2 to 1. 3 trillion in taxes. After the meeting today with Senate Republicans, president tried to provide reassurance. It really working out. A lot of good things are goin
Even, this was hovering a little north of 1200. Through crises and noncrises alike gold continued to steady climb you really cant ignore. What is interesting this is spread across a lot of the commodities. Look at silver front, up an additional 2 3s of a percent. Here is eyepopping. Palladium, so crucial in manufacturing processes, futures market close up to 5 . That is alltime high for palladium prices at 2442 an ounce. Well get into that in more detail. One thing for investors to hedge their bets, go into bonds and all, this Development Goes on regardless of crisis mentality of coronavirus virus. Particularly when it comes to gold. Now to pa late yum. Well get into that in a second. As we rifle through big numbers. Susan li on i latest trend producing them. Susan neil, shock across markets. Floodgates according to one analyst because of impact of coronavirus. Apple warning they will not meet sales targets because factories are closed in china because of the coronavirus. Workers are s
A slight chance for scattered showers in the forecast for the weekend. Maybe a little bit of thunder and lightning. Temperatures today coming down upper 60s for our coastline to upper 80s inland. So thats going to be nice, enjoyable weather as we get into the second part of the day. Ill have a look at the current condition and what you can expect for today as well as the rest of the weekend. And were tracking hurricane hillary coming up in just a little bit. Were also keeping an eye on the traffic. Rosemary, lets show you a live picture of 880 in oakland, north and south past the coliseum. Things look good here. Were starting to see some of the earlier traffic problems throughout the bay area sort of settle down a little bit. Lets show youigayer there was some somewhat sluggish traffic by bailey road be much stop and go all the way towards 680. Lets show you the bay bridge toll plaza, which has been a bright spot this morning. Nothing major here taking no time at all to get onto the sp
Spending was bipartisan. The big difference, of course is inflation, the shock to the world economy. Real wage growth was slow or stagnant for most American Workers from 2017 to 2019. Average Hourly Earnings rose 14. 8 during biden s first three years in office, but it doesnt cover the cost of the weekly inflated shop. And that perhaps is what colours people view of how the economy has been handled. 0ur panel, leslie vinjamuri, Brian Stelter and joe walsh. That is the challenge, we have set it out, lots of other things, housing, jobs, creation, wage growth, lots of areas that you can look at, but broadly speaking, his handling of the economy has been pretty good. Handling of the economy has been pretty good pretty good. Christian, such great stuff, and when pretty good. Christian, such great stuff, and when you pretty good. Christian, such great stuff, and when you look pretty good. Christian, such great stuff, and when you look at pretty good. Christian, such great stuff, and when you
Newton. Ahead on cnn newsroom, the head first lady tested positive for covid19, all speak to a doctor about the new variant. Russia looks to north korea for arms, kim jongun may meet with Vladimir Putin to seal a weapon steel. And, another race to avoid a Government Shutdown. Lawmakers have just days to reach a deal about the federal budget. Live from cnn center this is cnn newsroom with paula newton. And we do begin here in the United States where First Lady Jill Biden has tested positive for covid19. Now, the white house says she is currently experiencing only mild symptoms and will remain at bidens home in delaware. However, President Joe Biden has tested negative for the virus, both were in delaware for the Labor Day Weekend and an official tells cnn that there are no changes to the president s schedule at this time. The president is scheduled to depart for the g20 summit in india later this week. Meantime, this covid cases increase right across the United States, lab test indicate