President trump also made news in this impromptu get together which we werent exactly expecting on a monday morning, saying the coronavirus briefings are making a comeback starting tomorrow from the Briefing Room at 5 00 p. M. Start our coverage with chad pergram who covers capitol hill. Chad, that meet meeting in the oval office set the table for next few weeks negotiations. What are we looking for . Reporter a lot of negotiations will be with republicans, make no mistake on that. Republicans are all over the map on this by there is major disagreements how to do another bill. Treasury secretary Steve Mnuchin said they will be about kids and jobs. Senate Majority Leader Mitch Mcconnell said he will take control to write the bill in his office. There is lot of questions whether he can finish a bill at all. Mitch mcconnell is confident they can. Listen. Begin the process of socializing what weve been discussing with the administration over last two weeks with our members. Were looking fo
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
God to be here. Maria investigation is turning criminal now dagen in terms of the origins to have russia probe, we are seeing more and more evidence of really exactly what went down as weve been discussing for the last 2 and a half years. Dagen ability to enpanel panel a grand jury and with bob mueller, the way special counsel worked, he couldnt report to congress, technically john durham would be able to report to congress, again, being out like keeping congress and the public informed about whats going on is going to be very important and flies in the face of what the democrats are doing in terms of this process because its not really impeachment. Maria youre right, we will talk more about that. Amazon stock down, profits fell 26 from a year ago, the companys heavy investment in terms of speed up shipment, the stock is off of the lows last night this morning but still looking at decline of 5 and a half percent, set to lose 40 billion in market value at the start of trading, mitch, yo
Coralvilles big debt and what to do about it will be a big topic at Tonights City Council meeting. On december 9th, Moodys Investors Service downgraded the citys bond rating. Tts generally seen ap a negative reflection of the cityty financnc and can make it harder for coralville to borrow money. The bond rating dropped to the lowest rating of Investment Grade on moodys scale. The company rated coralville this way becauau of its high debtbtnd liabilities. Liabilities include things like ownership of a hotel and performance center. Coralville has about 267million dollars in debt. In iowa, ly cedar raraids and des moines both much larger cities have more debt. Coralville city Officials Say the rating will have little impact on residents. They say they expect to see the city continue to grow. While taxes do help pay off this debt, those property taxes will not increase. No, theyre not, and we have. And we have never missed a debt payment, we continue to make those payments, and we dont hav
Ownership of a hotel and performance center. Coralville has about 267Million Dollars in debt. Only cedar rapids and des moines much larger cities have more debt. Kcrgtv9s Iowa City Bureau chief mark carlson joins us now. Mark, city officials are saying residents shouldnt panic . Yes, we really wanted to take a closer look at the impact this will have on residents today. And coralville city Officials Say, there will be little impact on residents. City Officials Say they expect to see the city continue to grow. They are moving forward with a 7thousand seat arena project in the iowawaiver landing. They say that project will open debt free, if it gets to that point. While coralville residents property taxes do help pay off this debt, those property taxes will not increase as a no, theyre not, and we have. And we have never missed a debt payment, we continue to make those payments, and we dont have any plan to do differently. So the two big points here from city officials. Property taxes no