Treatments it will be one of the jitters. Add them to many in the markets here. All in all taking it relative stride. I say relative stride. Again the Administration Front and center today, getting idea, talking to Economic Club members from around the country what the president thinks is going on to the economy. He is the best bet for the economy. Teasing a middle income tax cut as well if he were to get reelected. Fallout from the comments. The president s busy Campaign Schedule with blake burman from the white house. Hey, blake. Reporter i feel like there is a news burst leading up to the minutes of this show. That is certainly the case. Let me walk you through in and around washington the last half hour. Treasury secretary Steve Mnuchin speaking right now. He echoed a lot of comments, similar comments that Mitch Mcconnell and nancy pelosi made in the most recent days. The treasury secretary saying as it relates to a possible covid relief package it would be tough to get done before
As the original aid package and agreement expires. There is talk of the stimulus plan, the environment for them does not look good. Well go live to a number of national airports. Linear air, big in the private arena. They have and all tern tiff for you. They say business is booming. President will be out to new jersey, a fundraising event at his club. He will be whisked back to the white house. Republicans and democrats are pulling out all stops to raise as much money as they possibly can. Back to the stimulus measure. What we can make of it as it comes to pass, not that long ago, a lot of people were worried about the government shutting down and wouldnt come together in an agreement to keep government lights on. At the last minute they cobbled together something. The president signed off on late last night. There is no government shutdown. For the naysayers out there, assuming all the worse when it comes to stimulus, maybe not. Chad what are you hearing . Reporter let me be very clea
Switch the dow around would we be looking at essentially the same falloff . Essentially we would. This is taking nine of 12 key sectors down. Financials are holding up pretty well today but a lot of this was driven right now by concerns, comments made by dr. An any fauci. I believe he was doing interview on cnn he expressed doubts having a vaccine ready by october. I think there was leaping on that as excuse to sell, just as it could be a leap on Mitch Mcconnells comments that we might not get a deal together, spending measure, virus, stimulus deal together anytime soon. And that he doubts they will be on the same page, republicans and democrats anytime soon. Add to that that weve got new u. S. China tensions. This didnt get as much attention. It has nothing to do with trade per se but with the administration move to impose restrictions on chinese diplomats already here. I do think when you get a selloff going, people collect all of this together, say, sell, sell. It is not that neat a
The company indeed, is launching a virtual hiring tour. If anyone you know is having trouble finding a job, you stay tuned for this. Ceo chris hyams will sus that and much, much more. President trump is departing nevada to california. He is expecting to meet California Governor Gavin Newsom to survey the horrible damage taking place with some of the fires near sacramento. Fox busiest Edward Lawrence at the white house with the latest on all of this. Reporter david, the president leaves in the next hour. He will talk with fema to get an update as well as California Governor Gavin Newsom have been at odds. But the president steps when it relates to a Natural Disaster inside of california. Exactly what he will do today here. The white house says the president will receive briefings what is exactly happening with the fires, recognize the California National guard as well. Now this is part of a west coast swing that also had the president campaigning over the weekend out west. The president
A paltry one trillion dollars,. Only in this day and age can one trillion seem cheap. Democrats want 3 trillion. Well follow battle back and forth. In texas where were seeing a spike in cases but some are finding positive signs that the spikes are not quite as high as they use to do so be. Also that, and the vaccine push right now that has some promising implications for texas. To silicon valley, what is going on there. A lot of tech ceos on wednesday will be on capitol hill. Lets just say the environment might match the weather, hot and getting even more heated. So lets get to it with chad pergram with republicans with their own coronavirus bill, that also tackles that sticky subject of those jobless benefits. Courtesy of uncle sam. Chad, where do we stand on all of this. Reporter neil, they released their plan yesterday, about five or six distinct proposals. Frankly republicans are in a pickle. There is a lot of disagreement, there is a lot of disowe nance on the republican side of t