Be used to spur economic recovery but first remind folks what the Tax Foundation does and how you do it. The Tax Foundation is an organization that educates the public on tax policy and also assist members of congress in developing tax policy. We do in particular analysis of the cost to the economy and to the government of tax increases or tax decreases, Tax Foundation. Org is a website as. As we look at recovery efforts, its now been four months since america startedon shutting down. Congress congress is appropriatr 2. 5 trillion in response. At what point do we start focusing on longterm recovery as opposed to responding to immediate needs that are happening in the here and now . Guest thats hard to say. I had originally thought when the crisis began that around the end of the summer we would need to make a strong tilt towards longterm growth. We had sort of a threepart approach to this during the immediate crisis we needed to write liquidity for businesses, for households so they co
Highs today, down about 2 . Trading volumes are down for the dow, s p, and nasdaq. Remember, we have a short trading week next week because of the memorial day holiday. It will be time to take a breather and plenty of people will be doing that. S put of 11 groups in the 500 closing in the red. The exception, industrials. Boeing and raytheon. Fromng to keep the dow falling as much as, say, the s p and nasdaq. Andre seeing some buying some of the beaten up areas, including small caps. Lets bring back dennis to. Ushehr of evercore isi in terms of data, highfrequency data will be top of investors minds. We do get some housing numbers tomorrow and there is anecdotal evidence that there are a lot more people interested in moving out of cities, certainly in the tristate area. Parts of that, that part of the economy still continuing. What is your view in terms of housing and how that will play out . It is one of the good aspects of the pandemic, that we went into this with an extremely strong
Will rubber talked about the future Acquisition Strategy and airpower capabilities. He spoke at the center for new American Security for just over an hour. Thank you very much, everyone for joining us here today. Apologies that were a butle behind schedule joining me today at my virtual fireside is dr. Will roper, assistant secretary of the air force for acquisition logistics and technology and ive invited will here today because he has a new idea for how to develop and produce aircraft, fighter aircraft. And i think that its really easy to get distracted or fixated on incremental technology or pointy, shiny new systems. If will has found a way, a better way, more efficient way with more opportunities to iterate and produce weapons systems, its potentially more Game Changing in the military competition with china. So thats what were here to talk about today. A new concept, so concept called the digital sentry series. Whats it all about . I want to say, its a pleasure being here with yo
Reportedly affected two businesses. Ktvus andre joins us live with more firefighters were slow to move in on those fires. Andre . Reporter well julian and frank, we are now six hours after the fire started right behind you. You can see they are in the mop up stages right now. And the ems truck still on standby. And they still extended here as we could tell you the details of what happened here sound chilling as they start trickling the captain and the Fire Department when they said they were called here about this fire they were also told there was a man inside one of the burning businesses with a gun. At 5 30 on sunday evening, san joses firefighters rushed to a force of a blaze that broke out inside a business on santa collar are streets between first and Second Streets. I saw them flying through like okay, something bad happened. Reporter several fire engines and dozens of firefighters could be seen on front of them in neighboring businesses. Adult super stores. And all the commotio
For us this way. Southbound 680 may get a good long look at this. The roads are wet. So that is not helping very much. As a matter fact, if youre driving in the area we will let you know that traffic is going to be slow, already northbound. You can see traffic is a little bit slow on westbound 580. Traffic is moderately heavy. Were going to keep an eye on that grade problem. Is go back to the desk. We have new overnight beto from bear island, file fire and old naval shipyard. Happened at the new commissary building in vallejo pelting started around 1030 last night, was finally under control after 2 00 this morning. It was in an abandoned building with no electricity. The cause of the fire is still being investigated. So far there is no word of injury. One person is dead and four san jose firefighters at a downtown shopping center. Also cause a lot of damage to a business on santa clara street. Investigators believe it may have been intentionally set. The fire started about 530 last nig