Out of congress as opposed to just these executive orders from the president that are taking quite a bit of heat over the weekend. Yeah, look, david, i think that there is a sense initially that it was a white house grab and it kind of went through the weekend, there was a recognition that, wait a second, maybe it is a grab if youre going to give 400, 100 has to come from the states and many of the states including red states are in trouble. The thing that is most compounding people is that 12 of the people who make 80 to 100,000 get this bizarre payroll tax cut when the problem is not the people employed but the people who are unemployed. I think that its arer so counterintuitive our old friend larry kudlow always believed in that. We have secretary mnuchin right now, which is terrific lets do it lets do it. Go ahead, jim. Mr. Secretary, always good to see you on squawk on the street. We get a little bargaining done on the show. How have you been . Good morning. How are you . Im doing
To the likes of boeing. 3 . Asdaq is down microsoft down half a percent. Several stocks rallying big, mgm resorts up 13 after the onlinestake for gaming portion. Twitter is up as well. They are in the mix to buy tiktoks u. S. Operations. Action overump took the weekend to extend economic aid, diverting disaster money to boost unemployment and payroll taxes for some workers. Executiven what to orders mean for the markets and the population, we are joined by wealthwise financial ceo loreen gilbert. What thoughts come into your head when you see these executive orders that may or may not even go into effect . For investors, it gives us a level of comfort that they will be ongoing support for our economy. We know we are not out of the woods yet. For those millions of people who are unemployed, having that extended unemployment benefit will keep consumers being able to spend. That is positive for the economy. While congress is trying to fight it out on what that stimulus package will look l
Charlie breaks it for us this hour. Plus, could the tiktok saga be distracting from an even bigger china stock drama . In a countdown exclusive, one of the markets best known and feared short sellers, Citron Research founder andrew left reveals the stock he says is the biggest fraud right now in that country and whether shopify will really add stamp. Com to its cart bus he plus the names hes long on today. The ceo of the second largest gold miner in the world is here. And blitzing covid19 fears. The former nfler whose wildly popular masks he was making way before the pandemic, now has the cdc saying touchdown. Your masks score. By the way, we have some breaking news on a report that the big ten has now canceled its football season. We will ask our nfler about that. He played for the s. E. C. Plus, buffett goes big on berkshire and the latest from chicago where looters are targeting the miracle mile. Lets start the claman countdown. Liz and yes, we need to take you to chicago right now.
His big issue with. Whats going on right now. To interfere in the. Story. We will be back with a full world news. International it is but if youre watching in the u. K. Or. Hi this is max kaiser this is kaiser report summer solution home i guess me just sort of all out there in this series now today recovering the d. Dollar is a should big global ization what comes next with investment manager Lawrence Parr lawrence welcome welcome thanks some actually station for having me appreciate it so far as i guess you know obviously we ended july hitting new all time highs and gold silver is also on a tear its quite a ways from its all time high however and what i want to ask is really how much this economist cover free money when Government Spending knows no limits is is the free money it was never free and we can see that in gold prices free money is so good to keep the system rolling obviously thats why they put it in place. Of course is whats the underlying value of the money. You know that
Delays. Pres. Trump know, we did not do that at all. I want the post office to run properly. They are going to need more money if they are going to take intensive billets of ellis tens of millions of ballots out of nowhere. It is a part of the bill that the democrats dont want to make, because they want a trillion dollars to go to states that are run by governors who happen to be democrats, who have not done a good job for many years. Those are states that oa lot of money and need a lot of money, and they are talking about 1 trillion. The post office and the 3. 5 billion for the boats themselves. The votes themselves. Think about that, 3. 5 billion for mailin ballots. Shery President Trump right now giving a press conference at the white house. He is addressing questions about usps funding. Together thoseut two issues of mailin ballots and giving that funding for the u. S. Postal services. A proposed 25 billion financial lifeline. But china, saying the u. S. Would call with china about