They created the vice presidency for two reasons, in case the president died, resigned or was incapacitated, summary can step in. That was not clarified and was indeed, controversial until the 1840s. The second reason, potentially was because of the Electoral College structure. About thew anything Electoral College, you know that one of the rules of the original design was that Electoral College electorate vote for two people. They have to be from two different states. The way it worked was that you votes perwo boats president. They had to come from two different states. The founders did that because they thought that at some level or some point, they would vote for somebody from their own state. That second vote was there to force people to vote for somebody else from another state to try to run in the region and get summary from the national reputation. Then they used those two votes to get a first and second place winner. Otherwise, it was just a placeholder. Carlisle, infessor the
Index climbing sharply higher. In the month of august, the cyclicals are leading the way on the year. It is all about tax. It is all about tech. Interesting to see how the month of august plays out. Right now a sleepy summer day. Taylor it does not look like it will be sleepily for much longer. August goes quickly. It is a volatile month. We are in an election year. Abigail it is interesting because there are lots of reasons to think we could have a volatility spike, including the fact we are in the seasonally higher volatility time, august, september, october. The vix curve speaks to a big spike in october. The panic index is at levels close to where it was prior to the selloff in february and the selloff in 2018. The fundamental backdrop for this is despite the fact we have a better initial jobless claim today, which is excellent, but it is still extraordinarily high. It is not even put the financial crisis you cannot see the numbers around the financial crisis relative to where we a
sort of race to come up with an alternative. this happened during sars and ebola. this is sort of a pattern we see with anything connected to any potential cures or vaccines that run-up in advance of one being found or solution being found. meantime, stuart also pointed out, you have three chinese cities, totaling better than 17million residents. that would be new york, chicago in a lock down. you can t get out of those cities. imagine. that is unprecedented. certainly unprecedented in chinese history. jonathan serrie has the latest. reporter: neil, two additional cities they re imposing quarantine measures are on close to the city of wuhan. the measures are similar. wuhan is city of 11 million people. the airport and train station are closed. people are steering clear of large public venues like movie theaters and cafes. this coronavirus was traced to live animals sold for food at a wuhan market but the virus appears to spread from human-to-human. chinese health officials co
Those bus. Will we see more legislative wins next year . What is next for the Republican Party . Well ask president ial historian doug wead and republican congressman doug comelinesses. Collins. Well talk about the carried interest loophole. Truck Economic Advisor, gary cohn saying if it were up to him and the president this loophole would have been closed. The question begs, why wasnt it . We have intel on that. First to blake burman at the white house where in a short time from now the president will take a big victory lap. Blake port port ashley, those buses pull into the white house shortly for that victory lap, 3 00 this afternoon here at the white house. The president will be sidelined or, will have alongside him rather senate and House Republicans who delivered this tax bill across the finish line, we got a little bit of a preview from the president joined by his cabinet what he might say. Earlier today he called this massive tax cuts and reform on the individual side. He tout a
14yearold. She was a member rotc. Active in her church. She volunteered to help neighbors in the aftermath of hurricane irma. We nicholas duarte, a 17yearold senior, a star swimmer who was headed to the of the of indianapolis at all. There is the athletic director, chris hixon, knave reservist, iraq war veteran, whose widow debra said he loved being an american and he loved serving his country. And then there is coach aaron feis. Who won student i heard this morning that coach feis heard the noise, someone said it was firecrackers. He said thats not firecrackers and he ran to the sound of the guns. Witnesses report to us he was killed when he threw himself in front of students protecting them from oncoming bullets. At one colleague said, he died the same way he lived, he put himself second. He was a hero. In the days ahead these and other stories will be told. And which we will remember and as a nation we will mourn but as we mourn, as your Vice President , let me assure you we will co