On the bottom of your screen we have been observing and reporting in washington for half a century and decades with the Washington Post covering nine president s and sharon to Pulitzer Prize from the coverage of the watergate scandal and in 2003 and the 9 11 terrorist attacks. Also making big news to draw many readers his newest book rage and all have been national bestsellers. We are accustomed to bobs books going behind the scenes into the minds of those making critical policy decisions. What is extraordinary is this time donald trump himself spoke to bob 17 times while the book was being written giving a remarkable series of. Into the president during key moments. The conversation is another prizewinning journalist jane meyer chief correspondent for the new yorker magazine where she has been 25 years she is also the author of four books to help deepen our understanding of such important topics such as the money behind the minds of the radical right the war on terror the Clarence Tho
Shocking news, an outspoken founder leaving the company. And beta bearing down on the gulf coast as they brace for another storm. This is Worldwide Exchange right here on cnbc good morning, good afternoon and good evening thank you for joining us to start your week and lets get a check on your monday money and its looking like the sell off we have seen recently. Its early but stock futures are down 500 on the dow. Nearly 200 on the nasdaq theres a ton of news out there today. Well get to all of it in a moment but theres two big and important things happening that you have to Pay Attention to right now. Number one, the s p 500 has fallen three weeks in a rowand it just flows below its 50 Day Moving Average for the First Time Since april two, the biggest stocks are beginning to underperform. Some of them meaningfully. Take a look at these the s p 500 dropped 5 this month. But the biggest tech names, names that you know, theyre down 11, 12, 13 apple, down 19 in the month of september. Rem
Later, a Bed Bath Beyond stock handing in one of its best days ever one of our traders says it could be headed even higher from here. We start with a developing story out of washington. The next round of coronavirus aid apparently hanging in the balance. Lets get right to it with ylan mui. Reporter the house has begun debate on democrats 2. 2 trillion relief package with a vote expected later on this evening. Five Straight Days of negotiations between the treasury secretary and the speaker of the house nancy pelosi have failed so far to produce a compromise the white house has propose aes 1. 6 trillion bill but those numbers are still far below what democrats are willing to accept. Pelosi also pointed to business and child tax credits as another major Sticking Point in a statement her office said that the two sides discussed further clarifications but distance on key areas remains. Chuck schumer put it even more bluntly. He said, they are not in agreement yet and there are lots of area
Lead reporter for coverage of the 9 11 terrorist attacks. His books also have made big news and drawn many readers pick his nose book rage is his 20th. All of been national bestsellers. We are accustomed to bobs books taking us behind the scenes of highlevel meetings and into the minds of those making critical u. S. Policy decisions. His extraordinary about United States is at this time donald trump himself spoke with bob not once or twice but 17 times while the book was being written providing a remarkable series of glimpses into the president s thinking at key moments. The conversation with bob the cd will be another prizewinning journalist jane mayer, chief washington correspondent for the new yorker magazine which is been for 25 years. Jane is also the author of authoritative books that helped deepen our understanding of such important topics as the money behind the rise of the radical right, the war on terror, the Clarence Thomas hearings, and the irancontra affair. So jane and bo
Cbos budget. The hearing is expected to begin shortly and youre watching live coverage on cspan3. Good afternoon. Ill call the committee to order. Today the committee will hear testimony from the Congressional Budget Office director phillip swagel. These projections account for the effects of the covid19 pandemic and legislation enacted in response to it and provide a window into the future of our financial state. This is dr. Swagels first time testifying since becoming the 10th director of the office. Unfortunately, the pandemic has delayed us from having him appear before this committee. I would like to thank dr. Swagel for being here and thank the cbo staff for working to provide congress with informed estimates at a time of unprecedented uncertainty and unusual working conditions. Cbos updated budget projections confirmed what we all know, that the economic disruption caused by covid19 and the federal governments response have led to a surge in deficit and debt. Cbo projects by the