Also treasury secretary jack lew says the u. S. Government will hit the debt ceiling by mid october unless Congress Votes to increase the limit by the end of the session the dow fell below 15,000 losing 65 points, the nasdaq was unchanged and s p dropped 7. Gold crossed the 1,400 dollar mark and oil is trading around 106. Jc penneys acking stock. Shares fell monday on word hedge fund manageer bill actman is selling 39 million shares. Hes the single largest share holder in jcp. Tony harris of Performance Trust joins us today. Tony, the market shrugged off that durable goods order number yesterday but today were going to be looking forward to that gdp number. What do you see in the bond market . I think that the bond market has had a change in terms of it caught a bid early in the day on monday and it held the gains throughout the day. You had poor new home sales report back on friday and of course them poor durable goods report on monday. So i think that youre catching a little bit of d
Leaders refuse to put entitlements on the table. For more on all of this, republican congressman langford of oklahoma. Congressman, welcome back, always great to have you here. Thank you very much. Gerri president with strong words for congress. Heres what he had to say. If congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. Right now, as we speak, congress can pass a law that would prevent a tax hike on the first 250,000 of everybodys income. Gerri theres the president calling out congress. What do you have to say, congressman . Yeah, here we go in the middle of this. The house passed all our tax things in april. We passed the sequestering documents in may. We waited for the senate since may to reciprocate on that. The senate and white house sat on it, and they said well see you in the lame duck period. Now its lame duck, and now they want to get started when we finished or work in may on it. Its been frustrating in t
Leaders refuse to put entitlements on the table. For more on all of this, republican congressman langford of oklahoma. Congressman, welcome back, always great to have youere. Thank y very much. Gerri president with strong words for congress. Heres what he had to say. If congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. Right now, as we speak, coness can pass a law that would prevent a tax hike on the first 250,000 of everybodys income. Gerri theres the president calling out congress. What do you have to say, congressman . Yeah, here we go in the middle of this. The house passed all our tax things in april. We passed the sequestering documents in may. We waited for the senate since may to reciprocate on that. The senate and white house sat on it, and they said well see you in the lame duck period. Now its lame duck, and now they want to get started when we finished or work in may on it. Its been frustrating in the pro
Already near their breaking point. This tremendous stress on the Health Care System. To say to this tremendous Health Care System which is at Maximum Capacity today, this is a Hospital System where we have our foot to the floor and the engine is at redline. Dana President Trump telling americans the peak of this terrible pandemic is still ahead after saying this could be the toughest week yet. Lets bring in kristin fisher, she is reporting live it from the white house for us today. Kristin. Dana, everybody from President Trump to the Surgeon General, to dr. Fauci say that this week and next week are going to be two of the toughest weeks in american history. You know, we have heard so much about how hard hospitals are being hit by this, especially those hospitals in new york city. That they are very close to their breaking point, and now, today, we have some hard data to back that up from the watchdog that oversees the department of health and human services. The departments Inspector G
You are up to date on the headlines. Now its time for a look back at the day in parliament. Hello there and welcome to tuesday in parliament, where the chancellor offers a bleak assessment of the cost of the covid 19 shutdown. There will be more hardship to come. This lockdown is having a very Significant Impact on our economy. We are likely to face a severe recession, the likes of which we havent seen. Theres more criticism of the government over the number of deaths in care homes. Ministers have been too slow to tackle the problem in care homes, social care has not had the same priority as the nhs. And how about this as an idea to boost the uks Tourism Industry after coronavirus . We could possibly have a bank holiday in october because the industry has sort of lost the benefit of the two may bank holidays. The number of people claiming unemployment benefit in the uk jumped to just over two million in april, the first full month of the coronavirus lockdown. The figures come from the