On the coronavirus aid package. Senators are likely to talk about that upon the floor. Now to live coverage of the senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, our rock of safety, hear our prayers. Help us to live that the generations to come will know of your mighty acts. Today, give our lawmakers the hearts to seek, find, and follow your will. Lord, guide them in the path you have created, inspiring them with the potency of your powerful presence. May they trust you in adversity and prosperity knowing that they will reap a productive harvest if they persevere. Lord, we trust you to lead us with your loving providence. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation u
Us with your thoughts with your first name, city and state at 202 7488003. Or you can go to twitter at cspanwj and facebook at facebook. Com cspan. Whether it is rental assistance, help with your mortgage, you thinke costs, or your state needs aid from washington, help with colleges and schools, whatever it is, whatever economic aid do you need . That is our conversation this morning. Joining us on the phone is eric watson, congressional reporter with bloomberg coming year to give us the latest. Where do negotiations stand in washington . Guest we are still at a stalemate. There was a latenight meeting between mark meadows, secretary mnuchin and schumer and pelosi. There is talk of a standalone bill to a expand to extend extend Unemployment Insurance. Schumer and pelosi are united, and polling numbers show americans want a massive stimulus package with the American Economy stuttering, so they are insisting on more than a barebones package. They are wanting to see one of and locally, st
Movers was in the s p 500 this week. Tshirt. Ands and your underpants, right . I guess what. When you work at home, you still need your briefs. [laughter] still with us, hopefully, david balin. David, we are heading into the heart of the earnings season next week. Earnings companies next week, that is the real meat of it. What are you looking for to see from these companies . Margin improvement . Revenue growth . Or are you still concerned about the bottom line . Those three, but more importantly we are looking for the trajectory, the information they provide about the trajectory in their business at this point. The Balance Sheet health of the companies and their ability to fund operations, the degree to which they are bringing back employees and we are looking at changes in competitive position, which you touched on several times in the weeks passed to see if companies are actually gaining share in their respective businesses. So, its a lot of data that we think indicates the degree t
Magazine what we see is the economist saying free money when Government Spending news no limits of course the big calling and Gold Community saw it 1st by coming up with that mean money print to go broke and of course they saw it the mean was powerful and that unleashed the crack and in big point it unleashed a crack in solver it unleashed a crack in in gold but only if the crack a number of the you know the. President. Was just rather sure. Also. What do you. Yes its free money and the Economist Says quenching out that this could be something to be worried about d and it of course because why its so worrying is that its the psychology once the mind changes once the mind expects that this is the way things can be Going Forward that we dont need to work we dont need to go to labor and and spend 10 hours a day away from our family we could just sit home and speculate via you know various online trading apps and so that mindset is setting in and can we ever step back from that can we step
Fox friends he is considering delivering his Convention Speech from the white house, an unprecedented move. Joe biden is not even going to his own convention. Well get reaction from Deneen Borelli. All that and more on making money. Charles folks, major indices are marching higher, despite a early report from adp on jobs. That was a big disappointment. Stocks are climbing focused on the Stellar Service data and drop in crude inventories. I want to bring in spotlight assets shana disel, and phil blancato, mike lee, of mike lee strategies. Phil, let me start with you. I like what im seeing from Economic Data. We sort of wrote it off as a lot of states started to stall or pull back reopenings. Going back to the ism manufacturing data. All the Regional Manufacturing date, service data today, maybe the v is getting stronger, not weaker. What does it mean if it is for the economy and the market . Ebb tide becoming high tied. We were in the ebb tide last few weeks. Manufacturing numbers told