With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
Generation he says. Meanwhile it is jobs day that november jobs report out this morning two and a half hours time 8 30 a. M. Eastern, economists expect 469,000 jobs added to economy with the Unemployment Rate ticking down for a 7th straight month to 6. 8 ahead of the jobs number futures are higher in the triple digits. Dow industrials right now up 136 the nasdaq up 48 and s p 500 higher by 13. After a mix performance yesterday, all three major indices poised to finish the week in the green with a the dow industrials yesterday at 85 nasdaq up 27 and s p 500 weaker by two and a quarter. Taking on big tech, President Trump going after the new defense bill that has no repeal of section 230 of the Communications Act. Threatening to veto it if it is not changed. We are taking a look at that. Plus somebody is watching me. The new technology that can detect whether remote employees are being lazy about work it is making a buzz this morning. Mornings with maria is live right now. European marke
Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when
National intelligence John Ratcliffe as we are learning the country is doing human testing to genetically enhance military. Focus on stimulus this morning, Speaker Nancy Pelosi says it will be done by christmas, we will hear from former nyc barrasso and Mick Mulvaney. Marks are lower. We will start the week in the red, dow industrials down 145 points, nasdaq lower by 15 and s p 500 weaker by 16 and 3 quarters. All three major indices up out of the last 5 weeks, last week we are up 1 on the dow and 2 on the nasdaq. Mornings with maria right now. Maria european markets look like this, dax index in germany lower by 63. In asia overnight, markets finish mostly shower. We had Economic Data, that is the fastest pace of exports since february 2018. The growth also helping to generate a 75. 4 surplus. The data, of course, coming from the Chinese Communist party and this has been the big fight between china and the u. S. , the fact that we are buying more products than china is buying from the
A final assault on the city of mechanic. To grant forces refused to step aside. Joe bidens transition to the white house can now begin in earnest until now hes been doing it without the support of the federal office, which is tasked with overseeing the transfer of paul. But more than 2 weeks after his victory speech, the head of the General Services administration has finally told the president elect that the transition can formally begin means bidens new administration can meet with federal officials to work on the Pandemic Response. The National Security front tweeted that he is ready for the transition. He thanks the g. S. A. Administrator and liberty for her dedication and loyalty to the country. He also went on to say that shes been harassed and abused. He didnt want the same thing to happen to her family. He says that his case will continue. Hes going to keep up the good fight, as he says, and believes that he will prevail. But that he has recommended that emily and her team do w