This is the bus the one business show you cant afford to miss on fairmont in washington coming out Senate Republican unveiled the much awaited counter proposal on another trying to fire a stimulus package but it doesnt come without democratic critics that. Its frustrating because they did their work 3 months for now would steer various very serious cliffs that hurt lots of people. And us and australia officials are holding their annual summit on tuesday but china is expected to be a primary focus for those discussions we have a patch so today so lets go and dive right a. Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar krone virus relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled that plan dubbed the heels act. We manage Senate Republicans ministration have been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the economy at thi
You indepth analysis we have a packed show today so lets dive right in. And we lead the program with Economic Data out of the worlds 2 largest economies as the globe continues to grapple with the copen 1000. 00 pandemic lets start in china officials are reporting the countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent for the month of june worse than analysts expectations but bett
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Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar Coronavirus Relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled that plan dubbed the heels are. We meet in Senate Republican to administration have been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the economy this. Week it is about a trillion dollars. And weve allocated it in a way that we think makes the most. For the country at this particular time. Already theres a split between Senate Republicans on the bill but next come to go sheesh and what the democrats this is ahead of some looming deadlines all Senate Minority leader Chuck Schumer called the relief package totally inadequate perhaps the most controversial is the unemployment a that runs out on friday and Unemployment Insurance their proposal is fraught with all kinds of problems 1st you dont tell someone whos lost his
This is the bus the one business show you cant afford to mess on fairmont us jail for in washington coming up Senate Republicans unveiled the much awaited counter proposal on another trying to fire a stimulus package but it doesnt come without democratic president. Its frustrating because theyve delivered for 3 months when there would stare various very serious cliffs that hurt lots of people. And the us and australia officials are holding their annual summit on tuesday china is expected to be a primary focus for those discussions we have a patch so today so lets go and dive right. Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar krone virus relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled that plan dubbed the heels act. We made it sent a republican to administration had been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the