Coming up on the kudlow report, beginning right now. First up tonight, president obama kicks off his threespeech tour on jobs and the economy tomorrow at knox college in illinois. Will the president put forward a pro growth plan for tax reform or more of the same, higher taxes, failed health care reform, wasteful Government Spending . Lets talk. Here now is jack bernstein, former chief economist to Vice President biden and Grover Norquist, president of americans for tax reform. I begin with you, Grover Norquist. What do you expect the president to say . The president is going to say we should have the government spend more money on many Different Things and we should raise taxes to pay for it. And he will explain that this is pro growth. It is what hes done for the last five years. Jared, do you agree with that . No, unsurprisingly i dont. I think what the president is going to say is that while this economy has been growing, that growth has done an end run around the middle class and
After the bell, earnings beat the street. Analysts say rosy quarterly figures masked troubles at three of news corp. s properties, most notably fox. The nations retailers will report Monthly Sales today, costco post ago 4 rise in comps. And there were two after the bell winners in the space. Shares of zumis rising after the Action Sports retailers raised its forty quarter guidance on sales. Im putting the gavel down and sending it to you, mandy. You have the gavel this morning . The gavel is at the desk. He has to like that. Whenever he goes, he takes the gavel. Why dont we take on the markets this morning for you and get you up to date on what is happening out there. Of course, were looking at an implied open that is marginally positive today. As for oil prices which had been moving higher, ever creeping towards that 100 mark for crude, were currency just below 97 right now. The tenyear, theyre sitting just below 2 at 1. 993 . Now we move on to the dollar. Dollar yen at 9. That is the
Welcome back, im ali velshi. We are nearing a new milestone, almost 700,000 americans have been diagnosed with covid19 in the United States, almost 36,700 have died by our count here at nbc news all in a threemonth period. In fact, on thursday, more americans died of covid19 than in the entire iraqi war. In the last month, 22 million americans have filed for Unemployment Insurance wiping out nearly all of the job gains since the financial crisis. President trump whos not known for his patience continues to become more eager to open the country by the minute, while the experts urge extreme caution. This new opening up, which has that requirement of early case diagnosis and isolation and contact tracings is really embedded as youll see in the phases but still maintaining that personal vigilance, that personal mitigation so that we can continue to limit and protect the vulnerable in this nation. So its important not to let up at all but do this in a prudent, gradual way. As was the case l
Good morning, everyone. Welcome to a special edition of squawk box here on cnbc. Im becky quick and this morning i am in a suburb of omaha ham, nebraska, called la vista. Joe kernen is back at cnbc headquarters on the east coast. Our special guest this morning is Berkshire Hathaways Warren Buffett. Weve been soliciting your questions for mr. Bust over the last several days and as always, he he didnt disappoint. You have emailed, tweeted, facebooked and shared your thoughts on linkedin. Before we get to that, joe is going to give us a quick rundown of the mornings top headlines. Hey, beck. I know the sequester is hitting everybody hard, but this is your new set up there with the boxes and the usually we can splurge a little bit more. This is affecting everyone, i think. This it is. But this was a purchase. Berkshire never gave any numbers on this, but it was reported that this was a purchase of about 500 million. Whoa. But it was what we twauts the companys most recent acquisition. He s
What about onethird of College Grads working for baristas. The study find even they earn more and stay employed longer than workers with just a high school education. What about the trillion dollars of Student Loan Debt . Rates are set to rise next week for new borrowers but a Study Suggests not everyone is drowning in debt. Only 7 owe more than 50,000 in student loans. 58 is less than 10,000 in debt. The message is it is up to you. You have to pick the right college and right major and dont take on too much debt. You have to finish. The real crisis is the students who borrow and dont graduate and you have to save for it. Another survey out this week finds 77 of parents say they plan to help their child pay for college. That is down from 81 last year. The author of college unbound. Andrew rossy documentary film maker behind ivory tower. Is the bottom line that college is worth it only if you are not one of the debt outliners and if you finish and only if you have a major that happens t