Thank you, chairwoman brown. I now recognize mr. Gardner, you may proceed. Mr. Gardner thank you, chairman lipinsk lipinski, the Ranking Member, and thank you for the opportunity to testify today Service Transportation boards key role in enabling amtrak to effectively serve the nation. Strongly support the s. T. B. Needs ieve the board updated authority for Passenger Rail so we can achieve the ontime evels and erformance your constituents deserve. Ongress took amtrak on for the job. Common carrier obligations for assengers and the associated operating losses for passenger service, the freights agreed to whereverrak to operate and whenever it wanted over their lives. Trains with trak dispatching preference over freight and to empower what is the s. T. B. To ensure amtraks access to the rail network. 50 years since the Freight Railroads agreed eagerly to this bargain and yet many of our host railroads fall short in ulfilling some of these key obligation obligations. Mr. Gardner, if youll
Bonds elsewhere in the world. Thechinese yuan weaker than dollar after the pboc trying to rein it in. Lets go back to that stimulus stalemate we have been talking about. Remaining deadlock in washington, with President Trump and House Speaker nancy pelosi blaming each other over the lack of progress. The president has sent shifting signals on the amount of stimulus he wants. Pres. Trump republicans want to do it. We are having a hard time with nancy pelosi. She thinks she can influence the election. I think they are hurting themselves by not doing it. Kailey joining us now is kevin cirilli, bloomberg chief washington correspondent. What are the odds we are going to get a deal before the election, and if we do get one, what are the odds that it can actually pass the senate . Kevin in terms of the reporting i have done, i think there is a high likelihood there will be a deal by the end of the calendar year. Whether or not it happens before election day, that is a large unknown. To be can
They will go through the issues and this is television where tone, style, emotion are very important. My opinion, bidens job to survive 90 minutes, holding his focus to making sure there are no serious gaffes. The president will no doubt attack his style but not come across as a bully he doesnt want to stir up the sympathy vote. Heres another opinion, and absolute catastrophe the media will declare biden the winner. Lets get to the market, pretty much on hold maybe waiting for the debate the dow is down 11 points, the nasdaq 1026, 25, s p down near two. Not Much Movement, Speaker Pelosi has proposed a 2. 2 trillion dollars stimulus plan and the house may vote on it, a key point in Sticking Point contains 436 billion for state and local government, the republicans do not want that, and 25 billion for the airlines, 30000 airline furloughs on thursday if they do not get the money. Today is the day when Amy Coney Barrett goes to capitol hill and between nine republican senato senators, tha
Plans. Quite the opposite. Companies have called off inversions and even brought back operations to this country and they are citing our tax reform as a main reason for doing it. So why would mr. Biden want to undo that . Even more curious is that mr. Bidens own talking points suggest that he supports a number of our tax reform policies in that 2017 bill. We have kimberly clausey who reportedly advised mr. Biden on tax policy have said the tax cuts and jobs act, quote, should be commended for providing some limits on tax avoidance through the guilty and the beat, end of quote. Guilty and beat are those acronyms that i referred to. Whats more ms. Clausey estimated the new rules under the 2016 tax bill will result in a 20 decrease in shifting profits overseas. Thats consistent with the joint committee on taxations Macro Economic estimate in 2017 that found tax reform would reduce Profit Shifting and increase the u. S. Tax base. Nevertheless, however, mr. Biden wants to double down on inc
An epic run up 400 this year. We will explain how the retail trader is driving the stock. Plus, big tech, big deals, toppagist tells us that companies amazon, facebook and alphabet should be buying up right now. Consolidation. Power lunch starts right now welcome to jim maybe well get to say hi later on its a record week on wall street which marks the end of the coronavirus bear market. Its coming to a close here. Bob is watching some key numbers for us bob. Its been a record week we had good numbers today. Our manufacturing and services is keeping us positive just want to show you some new highs. A lot of stuff involved in tech. Internet, anything having to do with the internet. Fdn is the new one the hold building, that itb had been on fire eight straight weeks of gains. U. S. Home sales hit a record pace today we saw home prices also move up as well. Look at some of these new high list is fairly thin but a lot is building related horton, pulte, lumber liquid daters these are all at