its best august as we said in 30 years. plus that dow shakeup don t forget, salesforce, amgen and honeywell and pfizer is out. what is it going to mean for apple s influence on the blue chip influence speaking of apple. apple and tesla rallying ahead of the open. it s going to be a busy week for fed speak and we re starting all of that with richard and we ll turn to steve liesman. hey, steve hey, carl, richard. the vice chairman of the federal reserve being the most senior person since fed chair jay powell last week to talk about the new policy statement where the fed has announced it s averaging inflation. he says he s brought some clarity. saying the new policy is a, quote, robust evolution of the fed s prior 2% target notice that low unemployment rate by itself will not justify rate hikes under the existing rules and he notes that the fed has learned that withdrawing rate hikes too soon prevents the expansion from reaching all communities. on the issue of further g
That for the Graham Cassidy bill . Mike as you know, this is a almostamatic moment that certainly kills the Graham Cassidy bill. The bill could not lose another vote. This means it likely will go down. The amazing thing about this is Republican Leaders again. Themselves out on the slim this limb. I dont how many times they need to put their hands on the stove to know this will not have a happy ending for them. Rand paul, a hard know. Senator Susan Collins likely no. That is enough to kill it. You look at any of the fact thiss about this bill, and was going to be, of all the different versions, this was going to be one of the hardest on end users. It was arguably recording rewarding blue states rewarding red states at the expense of blue states. Since the policy was always problematic and now we see with senator mccain, the politics also problematic. In senator mccains statement saying he did this with no joy, the line that was memorable and will provoke a lot of conversation and the co
He will vote no. What are the implications of that for the grahamcassidy bill . Mike as you know, this is a very dramatic moment that almost certainly kills the grahamcassidy bill. The bill could not lose another vote. This means it likely will go down. The amazing thing about this is Republican Leaders again got themselves out on this limb. I dont how many times they need to put their hands on the stove to know this will not have a happy ending for them. Senator rand paul, a hard no. Senator Susan Collins likely no. That is enough to kill it. You look at any of the factchecks about this bill, and this was going to be, of all the different versions, this was going to be one of the hardest on end users. It was arguably rewarding blue states rewarding red states at the expense of blue states. The policy was always problematic. And now we see with senator mccain, the politics also problematic. In senator mccains statement, saying he did this with no joy, the line that was memorable and wi
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