Should be defunded, the left is worried that the president may rally the countrys morale and they cannot have that, Speaker Pelosi, treasury secretary mnuchin, they will talked again about the stimulus plan, the far apart on the size of the package but they agree on extending emergency payment, they are still talking, nbc held a town hall for joe biden last night, no questions about packing the court, offering statehood to puerto rico in washington, d. C. , who the democrats were put on the Supreme Court, it really was soft ball city, maybe that changes in the Vice President ial debate tomorrow night, mike pence faces off against Kamala Harris, plexi glass screens will separate them. 910 minute segments, the president s leadership on covid and mike pence pushing hard on the issues, this could be the turning point in the election which is four weeks away. All of that is politics, now money, big gains across the board monday for the stockpackas morning, the dow industrial looking at 130p
Earnings walmart going on a hiring spree. Home buyers are rushing for mortgages. Is the consumer stronger than you think . Power lunch starts now and welcome to power lunch, im Frank Holland in for Tyler Mathisen nike hitting an alltime high soaring 9 on a blowout Earnings Report Johnson Johnson also higher on its vaccine progress for more on whats driving the action, lets get over to bob pisani hey, bob frank, we are sitting at the lows for the day, 3,280 on the s p, about where we ended on friday and the problem is this seesaw in the megacaps and workfromhome names take a look at megacap, this is a down day yesterday was an up day. Monday was generally a down day. You get the idea hard time figuring out what the right values or prices this high same with the workfromhome stocks theres a theory out there that these will be beneficiaries of worsening coronavirus cases in the United States, maybe, but theyre starting to split. Theyre not always up on the stays when some start moving on
Business on robots in berlin welcome to the program the beijing motor show is finally taking place after an almost 6 month delay because of the coronavirus pandemic its the 1st major Auto Industry fast since the covered 19 outbreak and comes just months after reports a drop in car sales a record drop indeed the manufacturers passers by the economic fallout of lockdowns the event off as an opportunity to showcase their latest innovations as they strive to gain market share in the worlds biggest auto market one of the highlights is the array of socalled new Energy Vehicles thats electrics and hybrids which make up 25 percent of the exhibition this year. Lets speak to aunt ellen cost too much analyst with Investment Advisors bernstein how important was it for the Chinese Government to get this event off the ground this year. Well look i think its a hugely important to show the strength of the economy its back the consumerist back were handling the coronavirus relatively well in china and
Ups between azerbaijan and armenia the 2 former soviet republics in the caucasus accuse each album of reaganite a decades old conflict on the border. Plus in football the bonus legal springs a big surprise perennial champions by munich take such a tough time but the match didnt go like everyone expected to the left found an expert. Possibly shocked. And gather as welcome to the program u. S. President on the trump pass dismissed a New York Times report detailing years of tax avoidance according to the article trump paid 0 federal income taxes in 10 of the past 15 years and only 750 dollars the year he was elected from is the only present. Since the 1970s not to make his tax filings public report came just days before trumps 1st president ial debate with democratic rival joe biden and weeks before election day in november. According to the New York Times reports trump was able to minimize his tax bill by reporting staggering losses across his business and pot. Now lets bring in the spee
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a