Back after the recess. Buschon, thankry you. Guest thank you for having me. Host that will do it for us today. We are taking your life to the house floor to gavel to gavel coverage. The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers room, d. C. , july 1, 2020. Hereby appoint the honorable Henry Cuellar to act as speaker pro tempore on this day. Pelosi, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 7, 2020, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties. With time equally allocated between parties and each member other than the majority and minority leaders and minority whip limited to five minutes. But in no event shall debate continue beyond 9 50 a. M. Recognizes the gentleman from california, mr. Panetta
Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say, i think it is going to be a little choppy through the month of july, especially as we get into earnings season. We see how tariffs are impacting companies on the ground. Yeah. It is interesting, youre going to get earnings s
Radicalization. A figure with maximum street cred with extremists. Stokes fear based on racial stereotypes, accuses marginalized populations of being terrorists and then throws in more rhetorical bombs and thats where we findous today. Unchartered territory pap clear escalation in the specificity and repetition of Donald Trumps violent rhetoric in recent days. Donald trump has called for the countrys top Military Official to be executed. Donald trump targeted a court clerk with a baseless smear that throwed a gag order. Hes repeatedly gone after the prosecutors who charged him with 9 1 felony accounts in total and now attacks on White Supremacist rhetoric. On this program we try our hardest not to ever amplify his most dangerous comments but were going to play them for you here today right now, because we believe you should hear the comments from the man himself. Nobody has any idea where these people are coming from and we know they come from prisons, come from mental institutions ins
To kick mccarthy out of his job this week. Plus, transportation secretary Pete Buttigieg will be live in studio as the president frames this whole episode on a fullon failure for republicans. Later, donald trump is expected to travel to new york today and attend the start of His Civil Fraud Trial tomorrow. Michael cohen today. Hes on the witness list for this trial and he could come face to face with his former boss for the first time in years. Were waiting for remarks for President Biden at any moment from the white house and when hes ready well take that to you live. In the meantime, i want to level set on what weve seen in washington over the last couple of days. One Republican Congressman said that the last week was like, quote, riding a Mechanical Bull, quite a visual but pretty accurate. President is going to weigh in after Congress Managed to pass a shortterm funding bill that will keep the government open for the next 47 days. Preventing a Government Shutdown is good news. So f
Like i always say, its all about the currency move. Euro doing a massive turnaround after ecb said he did not anticipate cutting rates further. What was that all about . Well dig deeper into this move that seemed to drive the Market Action across asset classes. This is just the first of Many Central Bank decisions over the next couple of weeks. We have the fed next week. Bank of japan will be heard from as well. Brain drain at twitter, what steps they are taking to retail talent and discuss whether this is an issue for other companies. Donald trump sounding off on free trade, saying we need smart trade. Weve got a debate whether the u. S. Trade agreements are doing more harm than good for the economy. We start with this move lower for stocks. Bob pisani has details. We were talking about this earlier, the question is, did mario draghi make a communication error or not say it the right way . Hes expanding the qe program and buying corporate bonds, at the end of the press conference, he