Beginning. Police brutality is heartbreaking reflection of an entrenched system of Racial Injustice in america. Two justice can only be achieved with full comprehensive action. Thats what we are doing today. This is a first step. There is more to come. Paul republican congressman will hurd of texas joins me now. Welcome, congressman, you wrote for us this week, im happy to say in an oped, that federal dollars to local Police Departments should be contingent on those departments meeting federal standards, what specific standards do you have any mind . Well, theres a number of standard bodies that are out there. If you look at calia, commission of accreditation agencies, made up of Law Enforcement officers that talk about certain standards when it comes to training, tactics, techniques and procedures. You also have the department of justice and every department of justice under president obama, the organization was 21st Century Policing commission. Under President Trump policing for Law
Cut. Unemployment is rising but so are home prices. On the edge, hong kong leader carrie lam under pressure after new reports that says she will quit if she could. We have the latest on the unrest. Kathleen it may be u. S. Labor day monday holiday, but that does not mean futures markets are trading. Lets start with the s p futures contract. 48 . Now down about Bloomberg News reported u. S. And china officials are having trouble scheduling actual talks after donald trump keeps more tariffs on the chinese. Chinese have retaliated. Trump says they will move ahead. That news is putting pressure on stocks. The dollar is pretty much flat, a little stronger. A mixed picture of a quarter of a percent. Weaker after Boris Johnson threatened a snap election. Everyone wonders what is going on with brexit . As for crude oil, with Hurricane Dorian having smashed across the bahamas, so much wreckage, heading for florida. People are wondering what is going to happen with oil demand . You have a trade
Are following this tuesday, oil firststudy after aramcos half showed no surprises. Income fell, but still the most Profitable Company in the world. Argentinian stocks in the peso, potential to roil wider markets, too. Shery lets get a quick check of markets closed. In the market session, another down day for submarkets with the s p 500 falling below 2900. Financials and materials led the declines. The s p 500 at 1. 2 . The nasdaq also fell. Risks rising in argentina. Political uncertainty in hong kong. Coined futures following falling the most since 2013 on a bearish outlook report. All that added to pressure across the market. U. S. Futures up 0. 1 . Lets see how we are setting up in the markets. Selina . Selina after that down day in the u. S. , asian futures set for a weak open. Chicago nikkei futures change, but futures and seoul, sydney and new zealand down 0. 8 . Markets were closed yesterday in india, malaysia, thailand, japan. Concerns about political unrest in argentina, hong
Senators return from thanksgiving break next week. Former texas senator phil graham, visiting scholar in American Enterprise institute. Senator, great to see you. Thanks for coming in. Great to see you, paul. Paul you have seen a lot of tax legislation in your day, helped pass good legislation, how do you see the two bills now just as policy, as tax and Economic Policy good or bad . I think they are both good represent good policy. I think the debate is that a lower level than i have before seen, people forget that 56 democrats in the house voted for the reagan tax cut. The tax reform in 1986 got huge bipartisan votes. Its ashame that things are as partisan as they are. Paul yeah, thats where we are right now. I think they will get no democratic votes in the Senate Unless republicans show they can pass it. But do you think theres enough progrowth policy in these bills to energize the economy over next two or three years, get up to 3 growth annually plateau . Well, first of all, the eco
Senators return from thanksgiving break next week. Former texas senator phil graham, visiting scholar in American Enterprise institute. Senator, great to see you. Thanks for coming in. Great to see you, paul. Paul you have seen a lot of tax legislation in your day, helped pass good legislation, how do you see the two bills now just as policy, as tax and Economic Policy good or bad . I think they are both good represent good policy. I think the debate is that a lower level than i have before seen, people forget that 56 democrats in the house voted for the reagan tax cut. The tax reform in 1986 got huge bipartisan votes. Its ashame that things are as partisan as they are. Paul yeah, thats where we are right now. I think they will get no democratic votes in the Senate Unless republicans show they can pass it. But do you think theres enough progrowth policy in these bills to energize the economy over next two or three years, get up to 3 growth annually plateau . Well, first of all, the eco