Joining us on the phone is stephen dennis. He works for bloomberg news. Thank you for being with us. Tell us what we can expect. High, steve. Its a very unusual sunday session in the senate today and very serious business, as you know, all of your callers are talking about. All of the senators are talking about what would be an historic nearly 2 trillion package being cobbled together, written behind closed doors and negotiated. This morning we expect the top leaders in congress, nancy pelosi, House Minority leader , majority leader mitch mcconnell, majority leader all meetumer will today, this morning, to sort of go over whats in the package. Thereis no deal yes, but is a lot of bipartisan talk of major progress yesterday on the package. Of know, its really in sort four or five big buckets right now that are really the biggest rescue package for the economy ever. More than 2008 and 2009 combined. What are the sticking points . Is there a sense that this will be resolved before the mar
Ms. Collins madam president. The presiding officer the senator from maine is recognized. Ms. Collins thank you, madam president. Madam president , the United States is facing a crisis unlike any other in our recent history. Madam president , this is no time for partisanship or for political differences to prevent us from coming together and working in the best interests of the American People. The coronavirus pandemic has arrived on our shores and is growing exponentially, sickening our people and devastating our economy. As of today, more than 26,700 americans have tested positive for the virus, and 340 people have died, while 176 have recovered. In my home state of maine, there are now 89 cases in eight different counties. Hospitals, doctors, and nurses are struggling to triage the influx of patients. Nursing homes are locking down their facilities in an attempt to safeguard their vulnerable residents. Students and teachers have had to transition abruptly to Online Learning as school
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This event. [inaudible conversations] hello everyone. Hello, hello. Thank you for coming today. We really appreciate you being here. My name is Michael Redman i am the vp of programming for the National Commerce club. It is our first event of 2024. We are very excited to welcome you to this venue for this. Keep an eye out for emails that will be reminding about our next events in person here again in a couple of weeks it will be a very interesting events on fiscal policy in the u. S. And what it all means in the very contentious year for debates. I would also like to thank robin for finding our speaker here today. We are really pleased to welcome mark to present to us. His ideas for 30 minutes or so we will follow it up with q a where you will have your chance to ask a question for just remember every question ends with a . Please stick to that. [laughter] he is the chief economist at moodys analytics. Is a provider of Economic Research and analysis. He is the author of books on the fi
It is 10 00 eastern time. The dow is down 11. Nasdaq is down 129, nasdaq sliding because big tech is almost uniformly down. The tenure treasury yield is shy at 491. Oil slipping below 85, now 83. 79. Bitcoin, 34,000 a coin, 341 to be precise. Latest read on pending home sales. Lauren the number is 72. 6, a surprise increase of one. One in the month of september. August had an alltime low so a small rebound from that. It didnt he decline further, comparing this observer to last september home sales down 11 on the year. 3 problems remain, mortgage rates, inflation. Stuart the Real Estate Industry and the market is in bad shape. Now this. It was the first piece of legislation under the new speaker, declaring solidarity with israel. It condemned hamas, called for the release of hostages and israels right to defend itself. Nine democrats voted against it. It wasnt about sending weapons to israel. It was about condemning hamas atrocities. That is what those 9 democrats could not handle. Deep