Some of the democrats wish list has been taken out but the Kennedy Center for performing arts still gets 25 million and there is a provision which limits the response of Small Businesses to union action. Surely at times like this we should be able to pass a clean bill without measures that have nothing to do with rescuing the economy. It is a 900 page bill. We are still going through it. We are looking for the pork. Now look at the markets. There is virtually no reaction to those really bad jobless numbers. We will open with a very small loss, maybe go to the plus column at the time we open up. Right now we are looking at a 57point loss, 67 points for the dow industrials. Remember, please, this follows backtoback trading sessions where stocks went up. Some think that is a sign of at least a shortterm bottom. Well see. Again, the dow is now down 70. S p down 13. Nasdaq down 21. Lets get to the virus. 200 americans have died in the last 24 hours. The death toll now exceeds 1,000 in the U
Points after d gdp shocked with a lower slower rate than expected, the white house responded, we will talk to the council of economic advisers Jared Bernstein. Coasttocoast starts right now. Welcome, i am Edward Lawrence in for neil cavuto from washington dc. Top story the us economy growing at a slower rate than expected in the First Quarter of the year. Investors not liking what they are seeing with all 3 indices plummeting. Lets get the read from luke lloyd and carol roth. Was the matter earnings missing or gdp estimates today the really sparked the selloff . Im going to say yes. Its a potpourri, a cornucopia of issues. When you have the magnificent seven that has been carrying the market when you get the numbers and the projections, meta, thats going to take something price to perfection and create a bit of an issue. That is third but from my perspective this hugeness gdp, almost a percentage point, at the same time we are running massive deficits, really not only underscores the i
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
A historian who studies american politics. Business and capitalism. He is absent to discuss his new book, the land of enterprise. A Business History of the United States. Please welcome benjamin waterhouse. [applause] thank you very much. A pleasure to be here at the regulator this evening. I am going to read a little bit from this book, the land of enterprise. To start, i would start by saying that the purpose behind this book is to explore the connection between American History and American Business. Americans like to think that the country has been inherently entrepreneurial throughout its history and its nations path to greatness and provo power was laid by exceptionally capitalist value system that we held the mighty railroads and the marbles that define the ages from steam engines to automobiles and telephones. We tell the story focus on disembodied questions of ideology or cultural identity or politics. Too often we relegate business through the margins of the tail as other mer
At 12 32 pilot initiated the go around. That planes the plane tickles another circle around. The plane landed safe and sound, and according to the faa, such go arounds are not unusual and can happen once a day at busy airportings. Some businesses in concord were evacuated more than four hours today because of a natural gas leak. A backhoe cut through a gas line. Because it was a High Pressure line the Fire Department evacuated a four block area surrounding the leak. You have had several Car Dealerships that had customers. We estimate between 70 to 80 people had to be evacuated. Pge crews cut off the flow of gas about two hours and repaired the break. Even was allowed back into their businesses by 2 00 this afternoon. A former season fan Lab Technician who admitted stealing cocaine from a crime lab learned her punishment today. Debra mad listen not be going to prison. She was sentenced to one year of home confinement and five year probation. 300 Hours Community service and pay a thousan