Expansion of chinese communism, federal expansion, Economic Growth and civility in political discourse. Mr. Kennedy defeated mr. Nixon in a close general election by less than 1 of the popular vote. Bill good evening, im bill chevelle of abc news. It is my privilege this teeng preside in this, the third of the series of meetings on radio and television of the two major president ial candidates. Like the last meetings, the subjects to be discussed will be suggested by a panel of correspondents. Unlike the first two programs, the two candidates will not be sharing the same platform. In new york, the democratic president ial nominee john f. Kennedy, separated by 3000 miles in the los angeles studio, the Vice President richard m nixon. Now joined for tonights discussion by the facility, which permits each candidate to see and hear the other. Good evening senator kennedy. Sen. Kennedy good evening. Bill good evening Vice President nixon. Vice president nixon good evening. Bill hank from nbc
Now, to meet the panel of correspondence. Nbc news. Charles, cbs news. Douglas, reporter magazine. New york herald tribune. Noted, the four reporters include a newspaperman and a magazine report. These two selected by the press secretary of the candidates from among the reporters traveling with the candidates. Representatives were chosen. The rules for this evening have been agreed upon by the representative of both candidates and the radio and television networks. There will be no Opening Statement by the candidates nor any closing summations. Will be devoted to answering questions from the reporters. Incandidate to be questions turn with opportunities for comment by the other. Toh answer will be limited two and one half minutes, each comment in one and a half minutes. The reporters are free to ask any question they choose on any subject. Neither candidate knows what questions will be asked. Time alone will determine who will be asked the final question. The first question is from mr.
Before they have procedural votes. Bottom line i do not expect any rapid action on this with the house dead set opposed to whatever the senate will come with, even if Mitch Mcconnell gets the votes he needs ultimately to get this through. Nfl football returns. Thursday night football tonight. All eyes on the kansas city chiefs, houston texans. The stadium can hold 76,000 people im told. It is going to be at 22 of capacity, so 15,000 folks in the stands. What is odd, there will not be mascot the or cheerleaders. It will be very thin population on the ground besides players and coaches. It might seem a little weird but football is on. Well look at potential impact what we might be seeing and might not be seeing. Meanwhile politics is it still on. The president plans to visit michigan today, a battleground state he won by little more than 10,000. Polls are tightening. Blake burman. Reporter six president ial, President Trump flipped it around by slimmest of margin,. 2 . Joe biden is leadi
Is driving the market. The credit fundamentals are deteriorating. The central bank has effectively crowded in. You can get spreads. Jonathan always great to catch up with you. We have a ton of supply from the treasury. The 30year happened. What was your interpretation. There was supply fatigue. What was your take . In the end, supply does not drive markets. It can have shortterm impact as supply has to get digested by the marketplace. Over the long run, the fundamentals are what will drive evaluation. At the long end the long end of the curve was a little overbought. There had to be concession to be supply into the marketplace. Over time, it will be fundamentals and we will be in a low inflationary environment. The fed is on hold for years. As a result, there will be demand for long treasuries. Back in late 2017, when the administration cut taxes, the yield on a tenure was 250. On a 10 year was 250 what will matter for the long and is inflation dynamics. Inflation picked up in the last
Agree with you. We really cant underestimate the size of this deal. What i have learned in the last 24 hours, it is only the beginning process. A lot ofi spent time with Wolfgang Munchau trying to stagger the european parliament. Jonathan the signal here is important. Europe is demonstrating they can borrow at the european level and distribute grants accordingly. That was unthinkable 10 years ago. Lisa they are also putting in certain taxation powers that give it more of a federation kind of feel. Europe has gotten its act together. How about the United States . Today we hear potential results from treasury secretary Steve Mnuchin and House Speaker nancy pelosi discussing the proposal that mooching came to with the white house. This will potential into payroll tax cuts, as well as potentially no state aid, which will be a problem for democrats. In the Senate Banking committee on nominations to the fed reserve board. Then united air and snap reporting earnings. Snap at the forefront of