Because the Senate Just Passed another 500 billion bailout. Bailout, lets say of the last bailout. As we quickly ran out of money thats why the dow surged 457 points s p soared 2. 29 nasdaq 2. 81 house of pleasure Payroll Protection Program was supposed to be for Small Business, right . In the end a ton of that money ended up going too big businesses, Public Companies that was a back rub and sing i feel like a chump. I guess i should be more cynical about politics, just trying to help Small Business. However, if you ask me, that wasnt really the big story of whats going on. See, theres something bubbling underneath right now under the surface. And if anything, it makes me want to be less cynical about corporate america. Thats right corporate america. See, this market is rewarding businesses that have foresight and originality and most importantly, heart i dont want to sound too sappy, i dont know how else to put it. The stocks of good corporate citizens are thriving here mark benioff,
Daybreak australia. Im paul allen in sydney. Im annabel ruelas in hong kong. Were counting down to asias major market opens. Good evening from bloombergs World Headquarters in new york. Im ryan. The top stories this hour, us stocks slide into the close on bets an improving economy will keep rates higher for longer. Dollar strength sinking apac currencies to this years lows. China said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. Plus, decision day for the reserve bank of new zealand with cooler inflation and higher unemployment supporting another hold. Us futures coming online in the Asian Session, were seeing a little bit of a muted picture after stocks fell in new york. We have the drop deepening in the final hour of trading. Investors really trying to digest those stronger than expected retail sales and also more hawkish fed speak. We had financials being weighed down. A warning from fitch that
off? what dollars amount is more important than american lives and values? and the house speaker leaves today for asia. an important trip but her itinerary still unsettled. the big question will she visit taiwan and test what china means by the perish by fire warning? we begin with multiple developments in the january 6th investigations. more missing records. more important cooperation. fierce preparations now for a daunting court battle. the washington post reporting late last night there is yet another batch of missing text messages. sources telling the newspaper texts from donald trump s homeland security chief chad wolf and his deputy kent cuccinelli are reportedly lost to a reset of their government devices both potentially critical witnesses to a number of important trump episodes including a presidential demand to seize voting machines. there is this, too. brand new cnn reporting that justice department prosecutors are now preparing for a courtroom war to compel
70 of the capacity and equipment of this organization has been destroyed. The Islamic Revolution employees foundation donated 100 billion tomans to help the countrys underprivileged orphans. This foundation announced at the same time 21, the blessed month of ramadan and the martyrdom of the holy prophet, peace be upon him , 500,000 tomans for the account of all orphans covered by the committee. The money of the benefactors is donated to them. In this case , people between the ages of 1 and 18, in fact , who have certain disabilities, are identified by our colleagues, and in the form of albums, the details of these loved ones are introduced to our benefactors. After some time, the ones we support leave this cycle, they reach a certain age and are replaced again by two children from the same family. My goal was more to mention this work. Thank god, i have been able to bring about 20 people so far i will accompany myself. Currently, about one million supporters from all over the country a
Discrimination. She says her white neighbors have been allowed to receive permits or build without ones in the city. Doesnt bat an eye. My neighbor, who has the same slope, the same zoning, the same fire hazard, the same creek, and they had unpermitted work over ten years and they were able to get, the permit for their garage. In a statement, a city spokesperson said the city is pleased with the denial, which leaves in place the ninth circuits decision to affirm the us District Courts dismissal of petitioners religious discrimination claim against the city of fremont. But lee says the fight is not over. She still has a case with the state of california and says a judge with the states First District court of appeals recently ruled fremont must allow its citizens to get due process when getting a permit. She says the city now has to pass new laws. Thats going to help a lot of people and also helping me, and then we would have to go through a new hearing, she says. Her temple is still up