Good afternoon, i am michelle. Lynn has the afternoon off. A live look in washington now where treasury secretary, steve, and House Speaker nancy pelosi are said to be speaking this afternoon. The director of the National Economic council says President Trump has approved a revised stimulus package. He spoke about what may be on the table, calling it a breakthrough. What you got here is the bid and the offer. It has narrowed substantially in wall street terms. Reckon th key asks, namely Small Business ppp extension, we need some backup on the unemployment assistance, i think it is going to include that. The president approved it, i am going to guess because it will include the economic assistance direct mail checks, i think that will be in there, and i think airlines will be in there but i dont want to go any further than that. So far, the Speakers Office is declining to comment and Senate Majority leader, Mitch Mcconnell says congress is unlikely to deliver another big relief bill, be
Markets finished near session high, momentum continues, yesterday renewed talks between top lawmakers sent dow 222 points. House Speaker Nancy Pelosi ruling out bailout for the Airline Industry. Mostly higher. The storm restrengthening overnight as it can become category 3 before making landfall in the gulf coast. The ballot debate. Biggest worry voters had this morning. And the winner of the 2020 nobel peace prized announce an hour ago, awarded to un president , donald trump was one of the nominees. Mornings with maria begins right now. European markets also higher, take a look, the cac quarante up 21. Dax index is lower, down a point. Mixed story in asia, best performer china after being closed for 3dayday. Top stories that we are watching this morning. President trump says hes feeling great and might return to the campaign trail as early as tomorrow. The president telling me he may hold a rally in florida if he gets the all clear from doctors, hes expected to take another covid test
As a result, you have the two sides stuck. There is broad agreement to that something more has to be done to address the challenges created by covid19 and the covid19 related shutdown. The other issue discussed is we are headed for a Government Shutdown if we do not get government funding within the next two weeks by september 30, we are headed for a Government Shutdown in the middle of the election, in the middle of a pandemic. Not only is there the question of how we stimulate the economy, there is the question of how we keep the government open. David taking the immediate thing, we have heard from Speaker Pelosi as well as secretary mnuchin they think they have some sort of a deal whether it is written down or not. They think they will have something clean, is that a big problem . Lanhee they do apparently have an agreement. He challenges what clean means republicans view a clean extension of existing government funding is just that, a clean extension without any provision stuck on
Take a look at gain better than 2 . Nasdaq futures up 130 and s p futures up 32 points. Dow, nasdaq and s p 500 marking marking second consecutive week of losses on friday, big bounceback from that, on friday you had as you see markets lower, new fox poll new fox news poll show the 2020 race is narrowing, President Trump and joe biden taking their messages to swing states but just over now 50 days to go until election day. Plus, how you can live like the fresh prince of bell air courtesy of will smith and airbnb, mornings with maria is live right now. Maria firmer tone to markets this morning. European indices are mixed with european markets kicking off the gains with fractional moves here. Cac quarante is up 6 but the dax index in germany lower by 8 points, virtual trade talks between eu and china, we will tell you more about that coming up. The big Softbank Nvidia deal. As you see korean kospi index up one and a third percent and shanghai composite about twothirds 1 . Ruling party af
On that. Charles, thank you. Whatever the answer, right, the markets are showing extreme optimism as we head into the final hour of trade. New vaccine hopes are adding to the mix and yes, right now, the dow is topping 28,000 by a single point. The nasdaq, back above 11,000. We are at 11,044. The s p is moving higher by 1. 33 after two straight weeks of selling. Oracle says its won its tech battle against microsoft to partner up with the chinese social media superstar tiktok but at this hour, Chinese Media saying yeah, but you didnt win the war. Top tech analyst colin gillis on whether oracle is getting snookered and Charlie Gasparino on those now crying crony capitalism. What does the latest Covid Vaccine progress mean to some of the pandemic stock superstars . The ceo and cofounder of okta is here on whether a return to work will cut into all the business hes done in the lockdown era. And the nfl is back and with it comes an explosion of gambling apps. One of the biggest digital sport