Joins us now via zoo for zoom. Senior economist at the nonprofit Upjohn Institute for Employment Research in kalamazoo, michigan. Christopher oleary, lets work away backwards. Can you explain what president trumps executive action when it came to unappointed insurance he signed this weekend, what it did in how it compares to what was offered under the cares act . Guest good morning, john. Thank you for having me on. Pleasure to be on washington journal. Certainly i can address the executive order. I read it. Theink i understand objective. Up and talke back about this whole idea of supplementing unemployment. It is interesting. There have been eight recessions since the eisenhower administration. Every one the federal government has extended the duration of regular state on employment insurance benefits. There was a modest additional compensation added during the Great Recession in 2009. 25 added. Check. D to every benefit it went largely unnoticed. Recognized the existing unappointed i
This is the one business show you cant afford to miss im proud to borean washington coming up President Trump has extended the deadline for the tick tock ban in order to allow microsoft to acquire the aftermaths Chinese Parent Company while the u. S. Tech giant be able to seal the deal and how will this affect tensions between the worlds 2 largest economies plus the nasdaq has popped once again on news that apple has now claimed the title of the worlds most valuable publicly traded company will break down what lies in store for the tech giant impact show today so lets dive right in. And we lead the program with one of the biggest tech stories of the year and it appears to be playing out minute by minute microsoft confirmed monday that it is in talks to buy tick tock from Chinese Parent Company bite day its now this of course after u. S. President donald trump announced a plan to ban the app in the United States President Trump spoke about the controversial situation monday afternoon. H
Leaning on big cap tech. Once again ass an anchor s p 500 First Time Since february, microsoft, tiktok in the news schumer says the democrats in the white house have started to move a little closer on a stimulus agreement, and of course david disney tonight, which will give us all kinds of information about the progress of parks, studio entertainment, advertising and more as we have said many times over the last few months, disney in some ways a reflection of the economy, certainly the consumer side of it to some extent. I know julia is going to be following that closely after the bell expectations cant be particularly high but we are looking for a lot more data when it comes to the parks and the attendance, when it comes to directtoconsumer of course with disney plus and the exhibition of motion pictures, which is not something thats going on right now. Absolutely, david, i mean, i think it will be really interesting to get some more insight into the success of that streaming business
But stronger than expected bottom line results. Those earnings really driving disney higher. Its up 4. 5 on news that disney is bracing its direct relationship with consumers announcing it will show mulan to subscribers on september 4th this is a dramatic change to disneys distribution model. It is sending theater chain stocks lower its building on a bright spot in the quarter which is doisney plus topping 60 million subscribers. Disney now has in total over 100 million subscribers across its direct to consumer businesses. Despite the challenges of the pandemic, weve managed to take deliberate and innovative steps in letting our businesses. At the same time weve also been very focused in advancing and growing our direct to consumer business, which we see as a top priority and key to the future of our company the impact of covid was felt deeply, particularly at disneys park division. The company says it experienced a 3. 5 billion net adverse impact in segment operating income due to cov
Pay their rent or earn an income in the wake of both the us congress and the trumpet ministrations abject failure to protect and support us during the cold 19 pandemic that my friends will not be the biggest news story of the week or the day no it will not no no no that slot is reserved for yet another helping of russia gate or in this case what bountygate oh actually no you cant use about a gate because that was the new Orleans Saints a few years back when they put bounties on play ok so obama gave these cant use that any way some kind of gate will eventually find its way to the end of this round of scandal involving the brand name in chief u. S. President donald trump and of course. The russians as we discussed earlier this week the New York Times reported recently that american intelligence officials have concluded that a Russian Military Intelligence Unit secretly offered bonnies to taliban linked militants for killing call. Forces in afghanistan including targeting american troops