Services committee and how the markets may react. Then we will talk a bit about this try yant stake in our Parent Company comcast, what is the behind the thinking at triant and what if anything may owe dur as a result. Teslas battery day, where that stock is trying to recover this morning after yet another tweet from elon musk which is part of the discussion today, jim. Whether or not hes setting expectations in a different way saying that some of this high volume production is a phenomenon still a couple years away. Hes giving us an underpromise, overdeliver, i think, which is highly unlike him, but it could make more a little more pizzazz. Theres been so much talk about battery day, maybe he lowers expectations an blow them out. People come out and want to buy tesla, want to buy amazon, positive notes about apple, positive note about facebook its just become the pattern youre waiting and waiting for when the selling is over and then, david, they cannot resist. Theyre down 15 and 17 p
Good thursday morning. Welcome to squawk on the street. Im carl kint nia and jim cramer still over 1 million for the 20th straight week ahead of the jobs number. Leader mcconnell will join us on the stimulus talks that continue on the hill followed by Speaker Pelosi later this hour, jim, as we continue to get reports that the two sides are trillions of dollars apart. Yeah. This is a day where we have to find out in our interviews whether theres any hope for compromise because if there isnt, youre going to see a full open business that will make the unemployment numbers very rearview mirror. A lot of people recognize that theyre trying to figure out, is washington playing partisan politics do they genuinely want to deal maybe they dont we will find out during this show. You think well find out . Well talk to mcconnell first, jim. Yeah, i do. A billing part of that is sort of the fragility of the republican caucus. As mcconnell has said this week, jim, he has 20 senators who feels we hav
Will open up access to up to 50000000000 dollars of very importantly for important and a large amount of money for states and territories or localities in our shared fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers Effective Immediately youre going to be hearing from some of the Largest Companies and greatest retailers and medical companies in the world as to anyway. Behind me and that side of me im also asking every hospital in this country to activated some urgency prepared as planned so that they can meet the needs of americans everywhere the hospitals are very engaged in new york and various other places are also very sing gauge i just spoke with Governor Cuomo we had a very good conversation and were working very strongly with many states including new york. The merging see orders im issuing today will also confer broad new authority to the secretary of health and Human Services the secretary of h. H. S. Will be able
Climbing ill tell you how its done. Market reached unheard of levels by triumphing over the concerns that caused Money Managers to stay on the sidelines to buy lower prices often hear we climb a wall of worry to get to exhausted levels but today we just didnt scale a wall but beached and busted through mine fields, force fields and cauldrons of boiling oil. This is a quite bull market. Tonight i want to go over obstacles weve overcome amazing list, outside of president on twitter seems to be celebrating is down. Challenges conquered thats a graphic obstacle number one, impeachment. I told you wouldnt matter to stock market based on bill clinton. Buying opportunity, not selling. But sitting president incredibly pro business and House Democrats are trying to take him down and stock market is ignoring whole process, maybe should impeach all president s works out for the averages obstacle number two, recession fears. Job growth is still robust versus the historical norm but over the summer
The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene