Jennifer tonight were going to go straight to the state of michigan where more than 10,000 protestors descended on lansing, the capitol to raise their voices against harsh new antilabor laws. Right to work has got to go he wants to turn us around make 10 an hour, what are we going to do for our families . Jennifer preach it, sir. Despite the uproar outside the capitol, inside it, the Republicanled Legislature still passed righttowork legislation today. That legislation would muzzle the union voice in michigan by taking away the requirement that everyone whos in a union shop should pay union dues. You might ask why is that a big deal. Well if not everyones required to pay youre going to have people who enjoy the advantages of a union better pay and Better Benefits environment but who dont contribute to the unions survival at all. This only works if were all in it together. And more than that, this law is going to starve unions of their funding. From a political perspective in this democ
Jennifer tonight were going to go straight to the state of michigan where more than 10,000 protestors descended on lansing, the capitol to raise their voices against harsh new antilabor laws. Right to work has got to go he wants to turn us around make 10 an hour, what are we going to do for our families . Jennifer preach it, sir. Despite the uproar outside the capitol, inside it, the Republicanled Legislature still passed righttowork legislation today. That legislation would muzzle the union voice in michigan by taking away the requirement that everyone whos in a union shop should pay union dues. You might ask why is that a big deal. Well if not everyones required to pay youre going to have people who enjoy the advantages of a union better pay and Better Benefits environment but who dont contribute to the unions survival at all. This only works if were all in it together. And more than that, this law is going to starve unions of their funding. From a political perspective in this democ
Ken fre conference, kate . Were waiting for the start of this slated 1 00 press conference with Preet Bharara. Tough terms coming out of his office from the settlement reached. 1. 8 billion fine related to Insider Trading as well as the surrender of their license. Their ability essentially to manage outside money. They will become a Family Office shortly after the settlement is approved by judges. They have pled guilty to five counts against them, one of wire fraud, four of securities fraud and well hear more detail im sure on what they admitted to in terms of Insider Trading and perhaps not best supervising their employees. In a letter to the judges today two judges who need to approve this settlement in order for it to be set in stone, bharara said considering all things the depth and breadth of the wrongdoing here he thought these penalties were steep but fair. Interesting but lotough languag out of his office. He has amassed a track record of Insider Trading convictions and cases.
Federal reserve. Nicole petallides, and we need you to stay healthy. Lets look at major markets, Dow Jones Industrials down again, 6 did a row below 15,000. Fourteen thousand nine sixtythree, a loss of 40 points. The nasdaq managing to squeeze out fractionally, the isnt the 500 lower. And retailers, American Eagle outfitters, j. C. Penney and down arrows, homebuilders after a good existing home sales, as you noted with an non federal some should today and later in the week jackson hole, some Economic News as well that we will be touching on. Connell all right, nicole. Latest developments here, football on your phone. This is a good story. Google wants to be part of it. Much has been made about this directv at making the rounds starring the manning brothers looking ridiculous. If you think they look like geeks how about these guys . Larry page to be the owner of your monday ticket. The contract is up with directv and the nfl after the 2014 season so that leaves the door open. Google cou
On income level and on family size. A 300 billion Small Business interruption loan program. Here is what the president had to say about this effort. We are looking at different numbers. Were looking at timing that would be different, splitting the time, splitting the payments. Looking at a lot of different things. Hasnt been determined yet. It will shortly be determined. People want to go big everybody seems to want to go big and they want to get to the recovery. So the president also used that briefing to announce more steps to contain and fight the coronavirus. He says he will invoke a cold warera law forcing businesses to produce materials in the name of National Defense such as ventilators and medical supplies for Health Care Workers. The Navy Hospital ships comfort and mercy will be deployed to treat patients with other medical issues and free up space for coronavirus patients in hospitals. All this while the United States and canada agreed to close the border to nonessential trav