President in new jersey and took a look at the fine print. Im providing a parallel tax holiday to americans earning less than 100,000 per year. President trump is trying to defer a 6. 2 Social Security tax for americans making up to 104,000 a year. The taxes would have to be paid next year. I plan to make permanent cuts to the payroll tax. Only congress has the power to issue tax cuts. Republican senator ben faf called the news unconstitutional slop. The president directed 44 million from fema to cover a 300 a week up Employment Benefit for five more weeks with states being asked to cover an additional 100 in benefits. Cbs news asked the president if hes giving people false hope. Mr. President , this is expected to be tied up in the courts, so this is going to be delayed or i think its going to go rapidly through the courts. The president asked for extended relief on Student Loans and delaying evictions. The president repeated a false claim about the act signed by president barack obam
President in new jersey and took ook at fe holiday to americans earning less than 100,000 per year. President trump is trying to defer a 6. 2 Social Security tax for americans making up to 104,000 a year. The taxes would have to be paid next year. I plan to make permanent cuts to the payroll tax. Only congress has the power to issue tax cuts. Republican senator ben faf called the news unconstitutional slop. The president directed 44 million from fema to cover a 300 a week up Employment Benefit for five more weeks with states being asked to cover an additional 100 in benefits. Cbs news asked the president if hes givingmres thiis expecte eied u in this is going to be delayed or rapidly through the courts. The president asked for extended relief on Student Loans and delaying evictions. The president repeated a false claim about the act signed by president barack obama in 2014. We passed choice, as you know veterans choice and veterans accountability. Cbs news pressed the president on his
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
Trapped by floodwaters. See how total strangers put their lives on the line to get them out of danger. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. This is a flood economically and healthwise of biblical proportion, and our republican friends are lookin like they just want to fix a leaky faucet. Reporter with stimulus talks collapsing in congress, President Trump says he is prepared to take executive action. If democrats continue to hold this critical relief hostage, i will act under my authority as president to get americans the relief they need. Reporter the u. S. Has broken yet another unthinkable record. More than 160,000 people in the u. S. Have now been killed by the coronavirus. We have to remain vigilant. Were doing very well, but we have to remain vigilant. Reporter warning of a humanitarian disaster in lebanon with widespread medicine and Food Shortages after this weeks explosion. Reporter a u. S. Top intelligence official is warnin
Working on holiday. When you look at the markets, they are probably range bound and that is where the nudgyness comes from. We have earnings in europe that will give insight and you have the spat between the u. S. And china, which is significant but is not translating into concrete market movement. Tom we will talk about china and a moment. Airlines front and center. Right now, with our first word news, here is ritika gupta. Ritika china may retaliate for the closing of its consulate in houston by targeting the u. S. Consulate in hong kong. That is according to the editor of the Chinese Communist party newspaper, global times. He writes the u. S. Has over 1000 staff and that means it is a spy center. The editors comments have regally been a tipoff to what the government does. They Trump Administration says republicans are considering a shortterm extension of the unemployment stimulus. Millions of americans received several mental payments that were included in the last coronavirus resc