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launching that service here in the u.s. later this month. we are staying at home and we want our groceries and other purchases delivered and quickly. and we are on that story throughout the program today. as for the overall market, dead flat following a selloff on tuesday but keep in mind the dow and s&p are up 40% from their march lows and the nasdaq is up 50% since then. pretty impressive. president trump says he will pressure governors to reopen schools in the fall. this is a major step in getting the economy back on track. kids go back to school, parents can then go back to work. that, of course, will be an issue for sure in the election, where joe biden has the lead in all of the polls, if you believe them, and even some wall street firms are apparently preparing for a biden win. but we have a democrat pollster coming up in a few minutes who says the race is a lot closer than the polls would indicate. just wait until you hear what congresswoman ilhan omar wants to
FremontCaliforniaUnited-statesMinnesotaChinaWhitehouseDistrict-of-columbiaRussiaKansas-cityKansasConnecticutWest-virginia buy timewarner a big power lunch begins right now. welcome to power lunch, i m melissa lee. we re just off session lows but stocks have accelerated losses here in the afternoon. worst day in nearly three months stocks pushing lower following new details of the new senate tax plan including a possible delay in corporate tax cuts. for all the details we have, let s head to john harwood in washington john the senate s got a problem, their budget reconciliation rule allows them only to reduce-this tax bill as we have seen emerge in the house, is going to cost more than that in the short-term and also raise the deficit in the long-term. also not allowed under senate rules. so what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the corporate tax rate going from 25% to 15%. from what i understand, the senate will not delay immediate expensing, which is likely to be the s
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