Caitlin emma is appropriations and budget reporter with politico. The week ahead in Congress Largely focused on fiscal year 2020 spending. Lets start with the house and a tweet of yours saying house leaders are readying a continuing resolution likely due november 21 that would prevent President Trump from holding up aid to ukraine, freeze President Trumps really payments to farmers and rejecting white house request for flexibility on border fencing. Two things why do they need a continuing resolution, and what is so special about this date, november 21, other than being a week before thanksgiving . Caitlin if you are at all familiar with congress, you probably are familiar with the fact that they like to put these spending bill deadlines up against a holiday to sort of action, force some urgency. Putting it upright against thinks giving, hypothetically everybody wants to go home, everybody wants to get this done, so that is the scenario lawmakers are hoping for. You never know what is
Freeze trade relief payments to farmers and reject a white house request for flexibility on border fencing. Two things why do they need a continuing resolution, and what is so special about this date, november 21, other than being a week before thanksgiving . Caitlin if you are at all familiar with congress, you probably are familiar with the fact that they like to sort of put these spending bill deadlines up against a holiday to sort of force some action, some urgency. Putting it right up against thanksgiving, hypothetically, everybody wants to go home. Everybody wants to get this done, so that is the scenario which lawmakers are hoping for. You never know what is going to happen. There could be another shortterm spending fix until christmas. Very realys a possibility. Like you said, house lawmakers are circulating a draft continuing resolution this week that would extend current funding levels likely through that date, november 21, and that measure is something we could see as soon a
A capitalist winter, because the nerve center of capitalism had been hit, but the market when it reopened, it careened. Fell more than 14 that trading abbreviated week. A lot of folks said depression was in route. We would never recoup the losses maybe for years. It took us barely a month. The reminder nowot only of american capitalist spirit but america period. Who better to know that, but appreciate that, retired fourstar general jack keane. Always good to have you. Good to be here, neil. Neil i always like to put that in perspective, general, we tend to think well never get through this, well never get through this. Time and again we get through it. There are bumps, horrific tragedies along the way, tragedies after tragedies, that punctuate that along the way but invariably, this country much like stock market charts over time go invariably up. I think that says something about us. You . It definitely does and you know it is interesting we captured Khalid Sheikh mohammed who was the
About this day november 201 other than being a week before things giving . If youre at all familiar with congress you probably familiar with the fact that they like to put these spending bills deadlines up against the holidays and force action for urgency. So, for putting it up against things giving hypothetically everybody wants to go home and Everyone Wants to get this done so that is the scenario with lawmakers are hoping for but you never know what will happen and there could be another shortterm spending fix until christmas and knock on wood that doesnt happen. Its also a real possibility but like you said, hows lawmakers are circulating a draft continuing resolution this week that would extend current funding levels to that date, november 21, and that measure is something we could see as soon as early next week and its possible the House Rules Committee can meet tuesday night and we could see some kind of midweek vote or end week vote on that measure but essentially, lawmakers ar
Shanghai and tokyo were moderately lower the nikkei finished down by almost 0. 9 . The shanghai was down by twothirds of a percentage point. This comes as we were getting manufacturing data out of china showed theyre still contracting. It was better than anticipated the number was 49. 7. That was better than the 49. 6 anticipated. Still below 50 in hong kong, the hang seng was down 1. 3 . Trading was cut short there because of an impending tropical storm. Markets were normally close at 4 00 p. M. Were suspended for the second half of the day this morning there are a mixed picture. The dax is up. The cac is up slightly the ftse is down a bit finally look at whats happening here in the treasury markets the tenyear right now ahead of that fed meeting, 2. 054 lets look at whats happening with gold. That could be a mover after todays fed decision gold is up more than 10 in the last three months. Apple big number of the week and its our top corporate story. Earnings and revenue topped estima