I think it is a mistake that because we helped the wealthy we shouldnt do it. The reason they did it is because of that. If you dont lift up the economy, the people who suffer the most are the poor. The fed is thinking about how do we lift up the economy they shouldnt hurt a wealthy person to make them feel good. They are doing the right thing now which is to let them get through this there are going to be serious situations thats kind of a secretary dairy problem right now. We should get through this and kind of unwind some of this stuff wisely there are huge incomes you could have negative imcome tax, fix education there are a lot of things we should be doing to help the poor federal policy is not the thing they should focus on letting the economy grow they dont focus on Growth Strategies they have policies that dont help growth. If you had 1 growth in the United States over 10year period, that would be 4 trillion gdp thats like 10,000 a person extra. That pays for a lot of social sa
Aoc and Rashida Tlaib will be questioning the fed chair, Jerome Powell. Income inequality, Climate Change, oh, the evils of capitalism. Stay tuned. All right. Now look at the markets. We have seen a copy of mr. Powells opening remarks. He will say the economy performed reasonably well in the first half of the year. He did also say uncertainties in outlook have increased in recent months. To me, thats the money statement. That seems to be whats moving the market and look at this. The market is moving up. We opened this morning we didnt open yet, but first thing this morning we were down a few points. Now were going to be up about 100 at the opening bell. Look at that nasdaq, up probably three quarters of one percent. Markets going up this morning. Big show for you. Britains ambassador to america, out. And the womens soccer team takes its ticker tape parade. Varney company is about to begin. Stuart im going to call this disturbing video an engine on fire in a delta jet. Now, that was sho
439 a, this is mount ararat, where the eternal glaciers began to melt, the planet is frying from all sides. And this is just the beginning, because we see it uniquely the consequences of Climate Change and global warming. And it goes from one pole to the other. If you look north. Youll see extreme secret ice in greenland and as far south as antarctica now record low ice levels. It melts from the heat, almost all of europe is spain , terribly unbearably hot. For me. It was the worst night of my life as im from siberia im used to the heat but its suffocating here its impossible to be outside. And here is the waist. Here they say, locals, as in huge pizza oven. It is very hot in here. Its just that we have redhaired children, my husband is redhaired, so we feel the heat, especially the hellish temperatures. I dont know what else to call them. Its like hell, its terrible. This is a news release in austria such temperatures threaten to kill european crops in italy the sun is burning olive t
Hour the major averages have been Holding Steady on light trading. It is a holiday shortened week the dow transport setting another record high. Oil moving big crude and brent crude. Apple shares taking a hit down more than 2 thats the biggest drag on the dow. Reports of iphone x sales are slowing. Mallinckrodt up. Intel down intel will lose the crown as the number one chip maker for the first time in 21 years to samsung. Amazon saying it had its biggest season ever. The echo dot the top selling product across the categories and many factors we begin with retail the day after christmas is one of the biggest for returns. Kate rodgers checking out all the deals in west nyack, new york reporter retailers definitely have something to cheer about. New data out from master card showing that retail sales from november 1 gs through Christmas Eve were up 5 that is the fastest pace since 2011 ecommerce grew by around 18 overall the National Retail Federation Said sales are set to be around 682 b
After three years in captivity. In sport, its the final day of the Premier League season, with Champions League places at stake. Manchester city, liverpool and arsenal will vie for the last two spots to join europes elite next season. And phil has the weather for us this morning. Good morning. There is a much improved started day compared to yesterday in scotland and the rest of the British Isles is not far behind. Details in a few minutes. Good morning. First, our main story. In business, sometimes, you have to do the dance. And having won billions of Dollars Worth of contracts for us firms, donald trump is more confident celebrating with the saudis than you might think. Its beautiful. It certainly more comfortable for him here than it is back home, given the furore over his sacking of the fbi director investigating allegations his president ial campaign was tied to russia. But day two of this tour could be the beginning of a far greater challenge as he leaves the world of striking co