Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark
My plan b, is that if we dont make a deal, i will tariff, maybe not at 25 , maybe a 10 , but i will tariff the rest of the 600 billion that were talking about. So we have much more than 300 billion worth of products. Reporter exclusive interview with fox businesss Maria Bartiromo President Trump says he is happy where things are with china but it is possible that talks could convince him not to move forward with additional round of tariffs but trump says there is more on the table than just tariffs. He wants china to stop manipulating the value of their money. They devalue their currency like a pingpong ball. They played the devaluation card for years, people dont call them on it, were looking for calling them on it the first time. What is the difference, you call them on it, big deal. I want to have a Good Relationship with china. I have a great personal relationship with president she. He is a friend of mine. I think he is fantastic. Reporter no matter what cops out of the facetoface
Gina ewing testified that the Biden Administration has driven a historic recovery over the last three years and address the need for Regulatory Framework stable corns and Digital Assets. Intelligence and the financials actor. This is about two hours. Committee on banking an the committee will come to order. Secretary ellen who has been taxable in the schedule and we had to change the time from yesterday to today and then she has to leave at 11 30. We will risk back that. I will enforce the five minute rule on myself and everyone else. Thank you for understanding, all of you. For a long time, its clear what gets rewarded and wall street. Bigger risks mean bigger profits. Your profits mean more stock options. Bigger profits mean fatter bonuses. Then we end up with a wall street culture that glorifies seen just how much they can get away with. Executives know that when big bets pay off, they get to cash out and when is bets failed, they dont clean up the mess. Workers and taxpayers and ou
Im nejra cehic in london. Were checking a third day of declines for european equities. The the stoxx 600 down. 7 . The bloomberg dollar index on track for its first weekly loss in a month. The dollar weaker against yen. The b. O. J. Pushing for more stimulus. Well talk about that more throughout the show and the new Zealand Dollar best performer in this session on the announcement of a new central bank governor. Perhaps that might not hold up with some of the data were going to get next week but thats how were looking in todays session. Coming up today on surveillance, we talk surveillance and get a take on markets later on in the morning. First lets get the first word news. Greenbrussels, giving the light for brexit talks to move on to the next stage. They have complied with their conditions over a future trade deal. Diplomats warned the discussions will be more difficult than the First Six Months of talks. In japan, calling for more stimulus, prompted the b. O. J. To adjust its commu
First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will put more money in it workers paychecks but the same time t