For you and not a lot of time. This hour is going to fly by. Toms book is really a fantastic read and but i do think folks especially in the United States are going to find the book controversial, thats a great thing about about because if a book doesnt generate conversation, then it may not be worth reading. This is a Glass Half Full story of chinas economy and the management of the Financial System. Box offered at a time when u. S. China relations are declining and attacks from all different corners in the United States of chinas system are going. There is this argument that chinas economy, how it manages that economy is incompatible with the International System and as a result of the u. S. And others need to reduce their exposure to chinas unique risk. The book tries to answer the question, how did china managed to do it, how they managed to continue to grow without a major financial crisis. And can they keep it up . Im going to turn the floor over to tom in just a minute, he will
Lows the ceo will be here to tell us how he and his company delivered. Plus the university of arizona claiming it has found a new way to prevent covid outbreaks, testing the sewage coming from dorm rooms president Robert Robbins will join us, as power lunch begins right now. I cannot wait for that story. We wait for the beige book from the fed. Dom chu has more on the markets. So the dow is up almost 300 points at this stage, the highs of the session more importantly were keeping close to dow reclaiming record territory. Anybody who has tuned into power lunch or cnbc in general the last several months knows we continue to make these record highs with the s p 500 gold star there. The nasdaq always creeping higher here. Believe it or not, that 12,000 market was hit early today it open up at 12,050, roughly that level just to put things in perspecti perspective, if you look at the nasdaq over the last year, from the lows we saw up until where we are right here, were talking north of 80 ga
Program for you and not a lot of time. This hours going to fly by. Toms book is really a fantastic read, and but i do think that both especially in the United States theyre going the find the book controversial, and thats the great thing about a book. If a book doesnt generate a conversation, then it may not be worth reading. But this is a Glass Half Full story of chinas economy and the management of the Financial System. And its offered at a time when u. S. china relations are declining and attacks from all different corners in the United States of chinas system are growing. And theres this argument that chinas economy, how it manages that economy, is incompatible with the international system. And as a result, the u. S. And others need to reduce their exposure to chinas unique risks. The book tries to answer the question how did china manage to do it, howd they manage to continue to grow without a mayor financial cry crisis. And they keep it up. Im going to turn the floor over to tom
Bill despite talks on capitol hill last week. Senate Majority Leader Mitch Mcconnell says lawmakers will be given 24 24 hours notice to return to capitol hill to vote if a deal is reached. The presiding officer the senate will come to order. The chaplain will lead the senate in prayer. The chaplain let us pray. O god our refuge and strength, give us reverence for your greatness. Guide our senators around the pitfalls of their work, enabling them to have hearts sustained by your peace. May they surrender their will to you, as they trust you to guide their lives. Lord, give them the wisdom to receive your reproof with the understanding that you chastise those whom you love for their good. Make their lives productive for the glory of your name. Mighty god, protect the oppressed and helpless, preserving them from evil. We pray in your great name, amen. The presiding officer join me in reciting the pledge. I pledge allegiance to the flag of the United States of america, and to the republic
Affiliation. This is the first opportunity on the senate floor to offer a word about kamala harris, one of our colleagues in a historic move was asked by another former Senate Colleague of the Vice President joe biden in his preferred nominee to be Vice President of the United States. Ive come to know senator harrison or four years in the senate through her service on then Judiciary Committee and the intelligence committee, her publicservice track record is a significant one worthy of praise from her work as a District Attorney in the line prosecuteds no untrained and in San Francisco where she focused on trying to keep her Community Safe to services, California Attorney general running the portfolio toe include Environmental Justice and Consumer Protection and her work tin the senate since 2016. What i find so compelling about senator harris to her track record of Public Service during her long career as her personal story raises the child into immigrants and jamaican father and india