What happens today in the senate . Guest look, theyre still the process of putting together sledges of language but were expecting votes today in the senate. The housemate adopted by unanimous consent without coming back to vote. Thats the goal of House Speaker nancy pelosi. Its hard to achieve. We did see a tweet late last that from justin amash, the lone independent panic the deal. He would have the ability to come back and plot unanimous consent. They may move quick enough he wont be able to do that. Its extraordinary if thes house would approve a 2 trillion package, i get the largest in this bill ever contemplated in the United States without an open debate and vote but the maybe what needs to happen because more and more members are self quarantining, two have already tested positive for the virus. Both sides, republicandemocratic side are looking to try to get this over the life and get those checks americans a. Is possible. Host do we know apple. The senate comes in and what tim
I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n
Former dallas fed president Richard Fisher is with us live and we are hours from a key report from netflix. Which way is this stock going to move the Investment Committee is ready to go. The Halftime Report starts right now. A lot of good questions there. Of course, its good to have you with us on this wednesday. We have a very good Investment Committee as usual for you jim leventhal, steve weis, jonny in najarian. Not for investors, not for today. Csx shares derailed. Investors suffering their worst day in more than a decade. A lot to unpack here lets get to frank who has been following the story since last night. You were just talking about economic indicators. The economy is strong. Retail sales strong. Unemployment at record lows. Inflation not a worry. But their new fears of a freight recession. Now csx, lowering guidance from 1 to 2 growth to a 1 to 2 decline, largely due to weaker demand for domestic and export coal and the everpresent trade tensions first half volumes fell 4 ce
Behavior, telling people to drink out of the toilet. Did you see somebody actually do that . Neil sounds almost too incredible to be true. Were getting indications, Border Patrol pushing back on alexandria ocasiocortezs claims. Blake burman at white house with latest on that. Reporter alexandria ocasiocortez, the democratic congresswoman in new york described what she saw down there at customs and Border Patrol station as unconscionable. Were getting reaction from folks here at white house. Deputy press secretary hogan gidley was asked about alexandria ocasiocortezs version what she says she saw at cpb station. Gidley saying that the customs and Border Patrol agents in many cases are buying formula and diapers with their own money. So the white house is defending agents. Gidley talking about the congresswoman. I dont know what aoc is talking about, but then again nothing is new. I never know what she is talking about. The congresswoman did take to twitter earlier today to defend hersel
Welcome to the exchange, everybody. Im kelly evans. We just heard from fed chair powell speaking at the Economic Club of new york for about the past hour or so. We saw yields initially moving lower from their 16year highing and then reversing higher again. The former dallas fed president is here with me. He says the bond market has stepped into the drivers seat and powell aint in charge any more. Well get he is reaction in a moment. This afternoon, we have seen the dow hanging on to a gain of 111 points, up a third of a percent, up a quarter percent for the s p. Up a little less than that for the nasdaq. Over in the treasuries, thats where the action is. The tenyear yield during powells q and a portion hit 4. 996, thats how close we got to piercing 5 on the tenyear. You can see the 30year above that level, as well. Oil was lower earlier on, on that news of the u. S. Lifting venezuelaen sanctions. Thats a 2 3 percent gain. Gold as well, now turning higher by half a percent. Lets get mor