Rounds of testing as well and they were talking about Contact Tracing as well as cobra testing so listen theres a lot in here they also by the way want to add billions more in rental and mortgage assistance into this so look a lot of these things the republicans have agreed to in principle but some of these things they dont want to do they dont like the size of the checks that are going out p. P. P. Loans they agree with but more money into education maybe not so theres a lot of details to be worked out here. How important is it for some kind of relief package to actually get passed here and do you see democrats going too far or really not far enough. Well remember you said they started at 3 to have trillion dollars i mean you have to put this in context. Were still in this emergency so you cant save everybody i mean yelp just came out yesterday and said almost 60 percent of the Retail Stores that they work with around the United States have closed permanently now that business we cant
A 2. 00 trillion dollar coronavirus alif package which they claim would restore 600. 00 weekly jobless benefits and provide another round of stimulus checks to most americans now the plan released monday evening is a last ditch effort to revive stalled stimulus talks with the white house Many Republican and democratic lawmakers have pushed for another round of economic stimulus for months but have remained far apart on the amount necessary to combat the pandemic so lets waste no time and bring in towson investigative journalist ben swan and tobin smith c. E. O. Of transforming research to discuss thank you both for being here ben i want to get right to you here since lawmakers from both sides have been saying for months that another round of stimulus is needed why are they so far apart on the details. Is the cost of this whole thing i mean democrats have come down a little bit this latest you know bill that they put forward about 2. 00 trillion dollars that. About a trillion dollars le
Heavily political negotiation we said we cannot tell what is going to happen. The market seems to believe there will be some kind of stimulus, the dow up this morning up 150 and nasdaq of 171. Plenty of green on expectation of a stimulus deal. As for the white house, doctor sean conley says the president has responded extremely well to treatment. And expects him to return to public engagement, mr. Trump is going to do just that, hes going to florida for a rally tomorrow. Speaker pelosi questioning the president s fitness for office, she intends to bring up the 25th amendment to the constitution which is about the presidencapacity to function. On the one hand they negotiating training in dollar stimulus plan and on the other the speaker questions mr. Trumps ability to run the country. To the debates, more confusion. Mr. Trump will not participate if its virtual, joe biden says he will be there anyway. But he has scheduled a town hall with abc on debate day, october 15 and a raging debat
States is House Democrats have released a 2. 00 trillion dollar coronavirus alif package which they claim would restore 600. 00 weekly jobless benefits and provide another round of stimulus checks to most americans now the plan released monday evening is a last ditch effort to revive stalled stimulus talks with the white house Many Republican and democratic lawmakers have pushed for another round of economic stimulus for months but have remained far apart on the amount necessary to combat the pandemic so lets waste no time and bring in towson investigative journalist ben swan and tobin smith c. E. O. Of transforming research to discuss thank you both for being here ben i want to get right to you here since lawmakers from both sides have been saying for months that another round of stimulus is needed why are they so far apart on the details. Or is the cost of this whole thing i mean democrats of come. Not a little bit this latest you know bill that they put forth about 2. 00 trillion do
All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu