Discusses the 25th amendment and continuity of government plans. We also take your calls. You can join the conversation on facebook and twitter. Washington journal is next. Host good morning. It is monday, october 5. This is a live shot to walter reed in bethesda, maryland, where President Trump is receiving treatment for covid19. While his medical team indicated he could be released to the white house as early as today, mixed messaging over the weekend from his staff and attending physician, and new information yesterday about his treatment regime. So this morning, we will take your calls about your level of confidence in the information the American Public has received since the president tested positive for the coronavirus. Do you trust what we are being told about his health . If you do, 2027488000 is the number. If you do not, 2027488001. F you are unsure, 2027488002 you can send us a text, 3. 2748800 include your name and where you are from. Or catch up with us on facebook or twi
People that have lost their jobs since march, it does not take into account the huge sways of selfemployed people in the u. K. There are many people that are away from work and not being paid, not included in these statistics. The expectation is that these numbers get significantly worse. The pressure is on the chancellor to do something to extend the current solo scheme. Single conversation point yesterday across bloomberg surveillance was mark zandi of moodys, forcefully saying the Unemployment Rate in america is not 10 , he said it is in the vicinity of 14 . With news on this tuesday, our first word news, here is ritika gupta. Ritika President Trump says he is seriously considering a Capital Gains tax cut. He told reporters he would create a lot more jobs. The president cannot cut taxes on his own, but some advisors say he could issue an executive for a Purchase Price the Administration May travelers prevent from returning to the u. S. If it of if they have coronavirus. Federal agen
Not a pretty chart. How concerned is the governor of the bank of england . Governor is extremely concerned. We also had forecast this morning from the ob are, the fiscal watchdog, suggesting unemployment is going to remain extremely elevated and is likely to rise into next year. That will make the governors job in the chancellors job very difficult. The real question is, where does the stimulus come from . Does it come from the treasury in westminster, or does it come from the bank of england . I suspect it will be the bank that does the heavy lifting, not the treasury. Both will have to do some, but the onus is going to fall on the governor. Tom this is the theme of surveillance today. Now that we drift to the end of july, the middle of july, we begin to see gdp data from may and june, the change to Political Economic dialogue. In new york city without first word news come here is ritika gupta. Ritika good morning. Vice president mike pence told u. S. Governors to protect their citize
Jes staley says lets get back to the office. Morei think the banks are of a pressing concern, absolute critical. If you think about the advantage that sector needs to make, the changes in diversity, in terms of gender and race, Corporate Culture really important in a bank as well when dealing with risk. All of these things, i can understand why he wants to bring people back into the office. I suspect it is going to be a little more flexible bringing everybody back to the 9to5. Tom Credit Suisse flexible as well. Francine lacqua in zurich. We will get her in the hour. With our first word news in new york city, here is ritika gupta. Ritika negotiations resumed saturday on a compromise Coronavirus Relief plan. Areblicans and democrats nowhere close to an agreement, under pressure because of people losing Unemployment Insurance this week. A stopgap measure would extend those benefits. Federal reserve chairman Jerome Powell calls it the most severe economic downturn in our lifetime. Powell
Think they were already in a tough place, particularly u. S. Banks. It is likely, as this progresses, the chinese will put more pressure on them, the u. S. Will have to put more pressure on them. They are going to have to take sides. Yesterday a guest walked the overlyot sounding enthusiastic about the decisions he had to make. It is really going to be tough. The chinese will pile pressure on. Tom maybe we will see that pressure today. We have our people in hong kong watching the story. Also in beijing, karen leigh scheduled to be with us throughout the money. In new york city, here is ritika gupta. Ritika President Trump is due to punish china because of the national the sweeping national law. He finds legislation would chinese that sanction chinese officials responsible for cracking down on political dissent in the city. Beijing told the u. S. To quit interfering in chinese affairs. Heres a very hong kong brain train are increasing, china moving to tax its citizens global income. The