Speaker pelosi and secretary mnuchin set to talk this morning after House Democrats roll out a new scaled down pandemic aid bill and calling it a propagator of disinformation, why the Biden Campaign is blasting facebook ahead of tonights president ial debate jim, david, good to see you guys, welcome back im taken aback, jim, by your tweet a moment ago about stimulus and sort of a fatalist i can view of what the restaurant sector is facing in this country. I will be candid, we ran out of ppp about three months ago, some of us have just decided to pay lots of employees to do nothing and its been its done they had a chance. I think they made a decision that you would have to keep these people on until we had a vaccine, so Neither Party agreed to anything and its too late. Theres nobody to give ppp to for the most part in restaurants except look, the winners were darden in the Small Business side, we know that they were viewed as nonessential, they never snapped back unless they had someth
Is slightly better than economists were expecting an better than the previous month. Leasing Property Investment looking better. Fixed assets investments, also a drop of 6. 3 . Aonomists were looking at drop of 6 , but the trend seems to be better than the previous month. I guess it continues to show that this could still be an uneven recovery we are seeing in china. Uneven recovery but a broadening of chinas recovery, as well. We heard new home prices, the most in six months. That is a good sign as the economy reopens. We are seeing how home prices in terms of growth has accelerated. Easing on credit, helping a lot. Just to recap, retail sales, 2. 8 . Retail sales, still contracting, retail sales have collapsed. Consumers are pretty cautious when it comes to coming back to spending. Beijing and other chinese cities are giving up consumption vouchers to its people. They encourage them to spend in the fiscal month of the year. Retail sales slumped 16 nationwide so as long as retail back
Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing catch up game today it sounds like science is on target. List
Senator stevens, and senator stevens told the president , he said, this lady makes some of the best Fried Chicken in the country. You wouldnt think that coming from alaska but i can testify from personal knowledge that that was a fact. The lucky wish bone, i expect, will continue on. It is a successful business with a large, large following. But with the passing of peggy and now george marks the end of an era for us back in alaska. We have lost two beloved pioneers who were dear friends to so many of us, and i am proud to count myself among that group. Its important that we acknowledge their place in alaskas history, and thats what i intend to do briefly today. George was a native of wisconsin. He attended high school in red wing, minnesota. He joined the Minnesota National guard. He was selected for officer candidate school. In 1943, george and peggy met, and they married the next year in 1944. It is said that they met over formica. George was training to be a pilot and peggy was a wa
Good wednesday morning im Carl Quintanilla what a morning markets are not moving much. Travis kalanick is stepping down as ceo from the company he founded back in 2009 in a statement he said, this is a Bold Decision and a sign of his devotion and love for Uber Kalanick will remain on the board. Joining me is executive editor kara swisher who famously profiled travis in vanity fair. Not long ago, well walk through what our discussion entailed. He was the ceo of a mess they are cleaning up now. Thats pretty basic. They are resistant to remove a ceo in the founder of technology, but a number of things have been going wrong from the Sexual Harassment allegations, the retaliatory behavior, to the gray balling, it just adds up to a really situation there where they understripped some of the responsibilities from him. And they decided to act because they were worried about their investment interest, i think. Kara, from a fundraiser standpoint can we be that specific yet . From the ipo standpo