Nice pop after yesterdays disastrous performance, but still, you cant call any kind of victory within the crude market. Time now for todays top market moving news from our washington and new york bureaus. Congressional republicans and democrats are preparing for a fourth round of stimulus. Joining me is kevin cirilli. The ink hasnt even dried on third stimulus package. What are we talking about for phase four . Kevin kevin i was speaking with sources on both sides of the aisle, and the conversations are starting first and foremost on where the holes are left as a result of the latest round of economic stimulus. They want to see how quickly they are able to get liquidity to businesses, as well as to americans as they are expecting these paychecks in their account. The second part of this is likely going to be in the Financial Services sector, as well as other industries that have been pummeled as a result of this. I wouldnts bait that now, lawmakers arent going to begin talking about th
Think we are pretty consistent in saying we are working every week really closely with the house and the senate. Plan. Ave a joint when they release the combined plan it is going to get past, it is going to get passed by the house and the senate. It is our focus to get that done this year. It is critical to the economy. Administration is committed to unlocking the economic capital needed to create jobs, improve wages, and getting growth above 3 . It is a sign of the trump familys growing influence over foreign affairs. According to people familiar with the matter china has invited ivanka trump and her husband, white house adviser jared kushner, for a visit later this year. Prepare for ahelp visit by President Trump himself. Protecting Financial Services at the heart of his plan for brexit. Mention howl speech, he says breaking up Financial Services, such as derivatives and lending would hurt both the u. K. And eu. Controllingom that is the latest from bloomberg. I am mark crumpton. Jul
Congress recess. Reflects tight time line mcconnell faces to hold a vote in july and the pressure he under to change the bill to garner enough support to pass it. Talk about that this morning or other Public Policy issue. 2027488001. Democrats, 2027488000. 2027488002. Llen is up first, east lake, ohio, independent. Good morning. Caller good morning. My only comment is that and im certainly by no means actuarial analyst, but if the this medical perplexity situation in the u. S. S so dire and remember, from the information i get from the news was that, this is not omeing from my studies, but average wage in the u. S. Is 26. 19 an hour, half of us are below and half above. Take out your taxes, figure you bringing home 22 an hour if you are lucky, how do you afford medical care . It is that dire, should we onsider a National Medical sales tax of some kind . I think that is silly, im sure they thought about that. Situation is that dire, what is, is there is that a logical alternative . The
Generous benefits. How about this . Blue skies and water on pluto and colonies on mars 20 years from now . Excitement in the space business. And its friday, look at your 401 k , crack a smile, the dow hit 17,000 and will open up some more this morning. Varney company is about to begin. Prepacedent obama is about to overhaul part of his strategy in syria. Officials say the pentagon has stopped training sy the news is just in, an offiom al announcement is cominopen thank goodness. Stuart lets get to the markets, friday morning, a terrific week. Longest winning streak in a year. Chk your 4ay, 40. The dow closed yesterday at 17,050. And were looking for a gain, 20, 30 points. Its not a loss, not bad. A slight gain. Disappointing earnings for alcoa, they kick off the earnings season. And cut the production for china for cars and truck. Alcoa is going to open slightly lower. How about oil . Its been on a teare weust like stock this week. 50 a barrel this morning, 50. 20 to be precise, yought
Locations and parts of the peninsula of this plan on that as to head off to work this morning if you are Cross Oakland was start off with some comfortable temperatures into the 60s for this morning would drop to lower 60s by 6 00 a. M. Warming up into the mid 70s. The afternoon will be a little bit cooler and compared to yesterday to the judge only reach the mid 70s during the afternoon and when you start to drive home are not open up the window because the timber to of one to feel very nice with the mid70s and store at oclock dinner time several dozen fall into the mid 60s. Michelle apon this out of that along the coast Half Moon Bay and 48 degrees we have a handful of six is as well as presence and on the cyclical side across the east bay into the mid 50s across parts of the south bay to the jews and the lower 60s north of a good morning youre working of the temperatures in the mid fifties looking at the weekend for as we will be warm today with temperatures and low 90s across in loc