The ultimate cost, nobody is looking a deficit anymore, i get that but if the president was always on board, something were generous and this is more generous, could that close the deal, does that mean the deal is more likely when he himself has upped the price tag on it. My Organization National Taxpayer Union has been saying for months, what a negotiating tactic is to talk about topline numbers. What if going on a walk down memory lane we had lawmakers that thought about the impact of their policy rather than whether or not they were spending too much or too little, thats why were in the situation to begin with and why deficits and spending are so out of control because members of congress are talking about the price tag rather than the effect this relief could have, i think its very important that congress does continue to support the economy, were in very in certain times, whether or not your spending 1 trillion or 2 trillion should depend on what youre getting for the 1 trillion i
More than 2 and the s p and nasdaq at more than 3 a piece for the week and the s p and the green, five weeks in a row and that the longest winning streak since december, the dow on track to have for august since 1984. So the run keeps going for stocks, we will talk a lot about it, number of stories were covering with fox Business Team coverage, edward lawrence, blake berman, sit down jerry, we start with edward in washington. A quick flight back to jacksonville, part of the gains that we saw here in the markets could be related directly to the Federal Reserve and the action that the fed took yesterday, the Federal Reserve president said its an evolution, not a revolution specifically related to averaging to achieve the average of a 2 target in an inflation, the Federal Reserve trying to see if they can make things average about 2 , theyre saying that the people will not see the prices of the things that they buy jump noticeably, what theyre looking for is the price stability, less than
4000 with more than 200,000 cases of the coronavirus nationwide. Stocks falling yet again. I want to bring in romaine bostick. Is this investors waking up to the fact this is going to be going on indefinitely . Romaine that is what it is. The town changed tone changed yesterday out of washington. The cheerleading ran into the reality we are seeing a growing number of deaths. Where i have at in new york i am at in new york and the visuals on the ground, it is depressing and stark. It is reminder of how much longer we have to work ourselves through this Health Crisis and what that means for the economy. The idea youre seeing more cities and states begin to either impose shutdown orders or impose when they talk about the market response, the market is pricing in recession expectations, the idea the recession is deeper, longer, and the recovery may not be the v shape some were hoping for. Only one stock in the Dow Jones Industrial average, that was jumprt which had about. 4 today. When you
Military honors to hundreds of vets and families. It is march 5th. Here is todays eye opener, your world in 90 seconds. News on the first death in the state of california related to covid19. California declares a state of emergency. Another cruise ship is held off the coast of california because of coronavirus symptoms. I havent touched my face in weeks, in weeks. I miss it. Im glad to say i endorse joe biden. Mike bloomberg announced he is ending his campaign, pledging his considerable resources to joe biden. Certainly put a lot of money in this race. Chief Justice John Roberts slamming Chuck Schumer from making threatening comments towards two conservative justices. The search continues to locate survivors from the deadly tornadoes that ripped through parts of tennessee. Tense discussions, over military involvement in syria. All that. Walking over a volcano, nick wall end as latest extreme event. All that matters. Hosted a video of Mike Bloomberg licking his fingers eating pizza. Wro
And transportation secretary elaine chao held a News Conference to announce their effort to block california from setting its own fuel economy standards. California reached agreements with several automakers that were stricter than federal regulations. This is 30 minutes. Thank you also much for being here. Administrator Andrew Wheeler and i are so pleased to announce a major step forward in President Trumps plan to help ensure that more americans have access to safer, more affordable, cleaner new cars that meet their families needs. Two and a half years ago, President Trump spoke with autoworkers in michigan and said that we would review and revise the last administrations unattainable fuel economy regulations. Making cars more expensive and impeding safety because consumers were being priced out of newer, safer vehicles. Our team of experts has been jointly working together, conducting a long, thoughtful, detailed review of these rules, and todays action is an important down payment