Hello, i am david asman, this is bulls and bears, thank you for joining us, joining me, steve moore, caroll roth, capri caforio and john burnett, what progress has been made. Reporter trying to hash out what a economic stimulus package would be, could look like. President , to that end up to capitol hill today, had lunch with Senate Republicans to discuss possible options Going Forward, so far president , and the treasury secretary, Steve Mnuchin have talked about following, a payroll tax cut. Potential small be loans, paid leave, deferred tax payment and help for airline, cruise and hotel industry, were told in meeting that president floated idea of bringing down payroll taxes to zero. That would be very both employer and employee. Keep in mind, white house numbers project, over next 12 months, that would be about 1. 2 to 1. 3 trillion in taxes. After the meeting today with Senate Republicans, president tried to provide reassurance. It really working out. A lot of good things are goin
And last second. Up by at russell 2000 better than 2 and it has and it is ent years getting its own. 2 on the ent to 10year which is not a big move, be going crazy saying we should sell equities. To market is really trying figure out where the he can equilibrium s any given day. We will be fighting that until liquidity into the system. There is a t it in, six to ninemonth lag so that is is a next year when there pretty powerful equity blowoff be use people will just moving in aggressively at that point. Back but we will come pwabg first lets dive deeper into the action of the close. Im looking at what you were talking about small cap anding a ut rally up three days in row up more than 5 and back to january. It is pretty sunny. An last time the russell had see ime high last year we the down trend and russell 2,000 to get out of its own way. We looked at there last week or as it was week starting to go above the 200 day average. Look at this. Popping above down trend but did that earlier
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Gave up a lot and the companies were in trouble. Now theyre doing incredibly well and guess what. You should be doing incredibly well, too. Yeah President Biden makes an historic visit to a uaw picket line as donald trump, an impostor, pretending to be a friend of organized labor, gets ready to speak to auto workers tomorrow. People hes never raised a finger to help. Also, a major legal blow to trump as a judge rules that he committed fraud for years. Exaggerating his net worth and massively overvaluing his assets. And John Fetterman joins me on the growing threat. The growing calls for Senator Menendez to step down and much more. We begin with an historic day with union joe doing something no sitting president has ever done. Walking a picket line. Biden joins striking United Auto Workers in michigan deal, a big fing deal, in biden speak, to close out a summer of labor. More on that later. Whats also a huge deal is the potential Government Shutdown in just four days. The senate is work
Majority leader, Kevin Mccarthy who is now threatening members of his own party. Plus, pitiful priorities, i will speak with congressman jimmy gomez of the House Oversight committee, as the gop focuses on impeachment instead of keeping the government open. And will later on, no obstruction allegations, what a former aide says donald trump told her just after the classified documents organization was speeding up. Im Charles Coleman junior, in for ayman mohyeldin. Lets get started, i got a lot to talk about. But first, breaking news, time is running out, we are just seven days away from a Government Shutdown and most House Republicans are nowhere to be found. Literally. They have left washington to go home with no resolution insight. Now on thursday, for the second time this week, House Republicans failed to start a debate on a bill to fund the government after five farright members of Speaker Mccarthys own caucus block the measure and demanded additional spending cuts. This marks yet an