From washington. Of blake, we start with you, my friend. Reporter connell, the headline over here in washington is that the white house has increased its offer for a revised covid19 relief package. A Senior Administration official telling me the new number is, give or take, 1. 8 trillion. The white house has come up from the 1. 6 trillion range that it was previously at. Larry kudlow revealed the news on fox business earlier this morning saying there was an oval office with President Trump, treasury secretary Steve Mnuchin and chief of staff mark meadows in which the president gave the green light on the new offer. Mnuchin held a phone call with nancy pelosi this afternoon to go over the offer. However, the goalposts for President Trump have been shifting, because as that employees i pelosi hi mnuchin phone call was happening, the president was on the phone with Rush Limbaugh saying he wanted even more. Listen here. I would like to see a bugger stimulus package, frankly, than either th
A lot of the focus has been on what mr. Powell said yesterday and what we heard from the fed. We are seeing a bit of Movement Across the board. If you look at some of the european stocks, they are actually retreating after jay powell highlighted uncertainty about the economic rebound. We sought asian shares falling the most in a week. Treasury yields, that curve steepening slightly on wednesday after mr. Powell stopped short of offering specifics on the feds approach to the monthly bond purchases. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. President donald trump is not happy with what he has heard about the terms of the oracletiktok deal, but says he briefed on the details on till this morning. Sources have told bloomberg that the Top White House officials have raised concerns about the proposal. They say it falls short of Satisfying National Security concerns. President donald trump says a Coronavirus Vaccine could be widely available a
Extraordinary august. We had such important conversations. Lets get to the data quickly. And3, dow futures up 132, we are all casual. Chairman powell was casual yesterday. Im sure mr. Kaplan will be casual for Michael Mckee in a moment. Thein the time of within tumult, everyone is being casual. Lisa are we going to keep the bowtie . This is going to be the question as the fed shifts their inflation their inflation policy. Lisa this is an important conversation, as he spoke to James Bullard yesterday, as we spoke to William Dudley moments ago. Michael mckee advances the discussion with mr. Kaplan of dallas. Michael thank you, tom. Good morning. Thank you very much for joining us today on Bloomberg Radio and television worldwide, and thank you for not wearing a tie and not making, adhere. [laughter] not making tom look bad here. Robert i try. Michael there are those who safety framework review changes all well and good, but what makes you think you can even get to 2 inflation, let alone
Days, weve seen the dow up over 1,000 points a gain of 553 yesterday and 529 points on tuesday. Looking this morning at the dow futures indicated up another 105 points we are back above 25,000 for the First Time Since march when watching the dow s p is up just under a point the nasdaq down around 54 points both of those indexed were hire yesterday as well. The 10year looks like it has been yielding around where weve been around 0. 677 we will continue to watch this this morning we have a lot of big guests coming up. Now to the moment weve all been waiting for. Joe and andrew, ill send it over to you. What moment would that be well be in a twoshot we are good we spoke yesterday we are good. You didnt have much time. We made the news. A few comments. People seem to have differing opinions he wasnt able to talk much. We were moving on. He had zuckerberg. We dont have time to dwell. Weve been together 10 years longer than many marriages we have our moments but we will disagree but not be d
Will mean then. A lot of earnings out there. Without question the ecb meeting is front and center today. A change after what chairman powell said yesterday. Absolutely stunning the difference between the u. S. Central bank in the European Central banks. Its could be a radically different press conference from lagarde today than what we saw from powell. Francine many people say its a different economy and cycle. Im excited to be talking about that. First lets get straight to new york city. Trumpbegin with president blaming chinas Coronavirus Response on politics. He says beijing would do anything to see him lose the election. The president did not provide any evidence china would liberally mishandle the outbreak. He says he is considering various ways to punish the chinese government. Chinas response, it has no interest in interfering in u. S. Internal affairs. Chairmanderal reserve jerome powell, he worries about the longterm economic damage of the coronavirus. If the economy starts to