Senators. Republicans now pushing a 618 billion stimulus package, thats about a third of the size of bidens proposal and with this pretty big gap the question is, how are they going to narrow it . It was a very Good Exchange of views. I wouldnt say that we came together on a package tonight, no one expected that in a twohour meeting. But what we did agree to do is to follow up and talk further at the staff level and amongst ourselves and with the and while a number of republicans have stayed quiet on the controversy surrounding congresswoman Marjorie Taylor greene, last night the most powerful republican in the senate broke his silence in a very big way. Late last night Mitch Mcconnell released his statement writing this, loony lies and Conspiracy Theories are cancer for the Republican Party and our country. These words, a sharp contrast to the Statement Mcconnell released this morning defending House Chairwoman liz cheney who has come under fire for voting to impeach trump. Mcconnell
Negativity and fear in beltway, surging new record highs, with dow hovering near 29,000, it closed up 211. And nasdaq breaking through 9200 barrier for the first time, this is bulls and bears, thank you for joining us, i am david asman, today jonathan he hoenig. And gary kaltbaum. There no better combination than massive liquidity, a ton of cash on the side line, an economy that is growing and earning that are starting to reaccelerate. Bull markets feed on themselve as greed picks up, let me tell you, i am a big believer not in the dow but in nasdaq and technology. It is en few ego en fuego. I believe it has been a while since we had pullbacks. The more that continues up and up the more likely there will be a period of time, it could be 4 or 3 days where you have a sharp selloff based on something. Other factor, gary knows, that when you have Interest Rates below 2 and a lot of cash looking for returns equity look treve, yield on s p 500 alone. Dividend is above yield on 10year treasur
Issued a new sanction on iran to punish the regime and crack down on its few remaining sources export revenue the latest sanctions target metals as well as construction manufacturing textiles and mining making basically the entire iranian economy also limits to any nations that have diplomatic ties with the u. S. China is now caught in the middle as it has long been irans largest trading partner maintaining a friendly cooperation spokesperson addressed the new sanctions monday in beijing. For a long time china and iran have been conducting mutually beneficial and friendly cooperation in various fields under the framework of International Law it is lawful and justifiable and not harming the interest of innocent 100 it certainly should be respected in our tent we urge the u. S. Side and media to stop all the wrong practice of sanctions against chinese businesses we will firmly dip into the law and interest of chinese dont see anything that we china is now calling for the u. S. To immedia
The quote trade war is not over yet and that just the 1st round of the game doesnt sound very optimistic here so we shall see what transpires on the 15th if it gets done will be optically pleasing for the trumpet mr ation despite heavy doubts of whether the agreement will be implemented in full by both countries know that one only covers the low hanging fruit and if china and the u. S. Can even come to an agreement here phase 2 which will involve industrial policy ip items that touch on sovereignty while that will be near impossible and while fears of an escalation between the us and iran seem to dissipate in the market president issued a new sanction on iran to punish the regime and crack down on its few remaining sources export revenue the latest sanctions target metals as well as construction manufacturing textiles and mining making basically the entire iranian economy also limits to any nations that have. Diplomatic ties with the us china is now caught in the middle as it has long
Beijing. For a long time china and iran have been conducting mutually beneficial and friendly cooperation in various fields under the framework of International Law it is lawful and justifiable and not harming the interests of any other and 100 it certainly should be respected or tend we urge the us side and media to stop on the wrong practise of sanctions against chinese businesses that we will firmly descend into the law and interests of chinese you know its just a thing that we china is now calling for the u. S. To immediately halt sanctions on Chinese Companies for maintaining business ties with iran as a reminder on critical oil exports were already sanctioned in 2019 but india and china still remain employed given their necessity for cheap crude Chinese Foreign Ministry Said beijing opposes unilateral sanctions and called for washington to stop punishing Chinese Companies for importing these basic necessary commodities. And boeings new chief executive officer David Calhoun has of