They can make a package that would be acceptable, that is to the treasury secretary Steve Mnuchin and nancy pelosi. There is just one problem, whatever they come up would presumably not be acceptable to the Republican Senate or Mitch Mcconnell has said, whatever theyre contemplate something way too expensive no matter what the president says. Chad pergram with the very latest hey, chad. Reporter hey there. This is a monumental challenge. Keep in mind that House Speaker nancy pelosi and secretary of treasury Steve Mnuchin have been talking more than 90 days trying to get the next round of Coronavirus Relief done. The problem they cannot come up with the right cocktail to get something across the finish line, the right vote cocktail that has the proper number of votes in both the house and the United States senate. This is why Senate Majority leader Mitch Mcconnell has cobbled together a slim 500 bill dollar bill. It will probably be filibustered by democrats tomorrow. Keep in mind the p
We actually hit we set for ourselves in terms of cash flow and process from sales at this point in time. So thats helped us continue to maintain the dividends. Investors fear more cost cutting at Air France Klm. Shares take off after europes second largest carriers despite slipping deeper into the red. Amazon delivering for investors. The online retailer surprises wall street with ads 92 million profit in the Second Quarter as its bet on the cloud pays off. Shares skyrocket after hours. Welcome, everyone, to the show. Some Economic Data could bring to you right now, eurozone july pmi manufacturing coming in at a 2. 2 versus the reuters estimate of 52. 5. The flash composite pmi at 53. 7. Interestingly enough, the weaker euro, price cutting not helping foreign demand at this point. This after the german pmi number disappointed. We were looking at the euro in session lows and right now its remaining in a similar position. Euro trading at 109. 47 against the u. S. Dollar. Eurozone busines
Of significant progress. Now on bbc news, all the latest Business News live from singapore. Typical storm harvey takes its toll on the oil industry. The lip pump up gas prices here in asia . And on South Korean Electronics giant that the green light to test drive automatic cars. Its a friday everyone good morning, asia, hello, world, thank you forjoining us for Asia Business report, im rico hizon. Starting with Hurricane Harvey and it may have weakened but flooding continues to wreak havoc on parts of the south east portion of the united states, some projections show it may be the costliest National Disaster in us history. The houston area is home to americas oil and gas industry, the country s largest refinery will be shut down for at least two weeks and other refineries along the gulf coast are off line as well. Lets take a look at the updated numbers for the oil markets in asian trade. It rose overnight in new york trading but in the early asian trading it is slightly down. I spoke
Im sue herera. Cvs is a major player in the Nations Health care system and drug supply chain. Its also on the front lines of the epidemic. Tonight that company is taking steps to try and curb abuse of the drugs by limiting the duration and dose of some prescriptions. Cvs reach is wide. Through its caremark unit, the company manages medications for nearly 90 million people. Thats about 28 of the u. S. Population. Meg terrell has more now on cvs new rules for opioid painkillers. Reporter cvs health said today its taking new actions to try to curb misuse of prescription opioids. If we do limit exposure to these medications, well have fewer people who become addicted to them. And the fewer people who become addicted, theyll lead better lives. Well relieve human suffering and the number of deaths that occur. Reporter cvs says it will limit use of o to seven days. For chronic pain, cvs says it will put caps on the daily dose. They say its consistent with guidelines set last year by the cente
Senator ben cardin says the u. S. Needs a strategy to change north koreas calculus on its economy and security. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Caroline im caroline hyde. This is Bloomberg Technology. Coming up, the Trump Administration unveils, quote, the biggest tax cut in u. S. History. But whats in it for tech . The fcc chairman officially out with a plans to kiln that neutrality as we know it. Ajit pai joins us for an extended interview. And a bloomberg scoop. Dropbox hits akil moscone hits a key milestone on its way to an ipo. First, the Trump Administration lays out sweeping proposals to reform the u. S. Tax system. The plan proposes to cut the Corporate Tax rate more than 1 2 to 15 , business is big and small. Cut to the also be a top tax rate. Be a 1 one time tax on moneys currently over sure overseas. Why there needs to be tax reform argentum is to make u. S. Busin