Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Hughes is what we claim we want. In both a president ial candidate and a president. A man who did get it. A man called Charles Evans hughes as a Supreme Court justice. All but when the election. In 1916 when president Woodrow Wilson went to bed the Election Night, he thought he was beaten. He had been elected, how American History goes in several Different Directions on suffrage, civil rights. What does he do on Foreign Policy . Germany baited us into war. Wilson would hughes have avoided it . Hes the one you could write novels about. He had Charles Evans hughes who would later the he was on the Supreme Court. He left the Supreme Court when he ran for president. He went back on the Supreme Court. One of the finest minds on the court. A fellow justice called Charles Evans hughes, the greatest in our great line of chief justices. Why hughes . Robert jackson provided part of the answer when he was attorney general. Jackson said that hughes, quote, looks like god and talks like a god. And
Senate Minority Leader Mitch Mcconnell he and Vice President mike pence Welcome Supreme Court associate Justice Nominee Amy Coney Barrett to capitol hill. Members of the senate are meeting with judge barrett ahead of her confirmation hearing. Well, we are pleased today to welcome judge barrett to begin the process of advising. As you know, she will be visiting with members interested in talking with her during the course of the next few days. We are glad to have her here and get the process started. On behalf of president donald trump, i want to thank the Senate Majority leader and the colleagues in the senate. To meet with an extraordinary american, judge Amy Coney Barrett, we have someone of great character, who has a judicial philosophy that will uphold the constitution of the United States. President trump discharges article to denominator judge barrett to the vacancy on the Supreme Court of the United States. Now, we look for our entire team working with you, republicans and the s
Of that in about an hour. Apple is sometimes seen as a proxy on consumer spending, entertainment, computer, mass mutual fund reflecting how we all feel and our appetite to buy stuff. Some of this stuff were told could be very, very pricey. Depending how it all lays out, when tim cook makes the announcement, well have a good idea how much americans are willing to fork over if it gets you know, pricey. But again this is not really been a problem for apple in the past, as you have been hearing here. It is the most widelyheld stock on the entire planet. Just amazing. But, all eyes on amy barrett in washington right now, the judiciary committee, taking up her confirmation process to get on the Supreme Court as an associate justice but not without a lot of talking. Not so much on her part, on the questioners part. There are 22 senators, 12 republicans, 10 democrats who have been allocated 30 minutes to ask their questions. That works out to about 11 hours of questions and at the pace theyre
Are been institute, this runs an hour. After recordbreaking declines in Economic Activity in the Second Quarter 1 45,020 we are going to be 25 vote in the Second Quarter. For people who are still struggling to climb out of. What is written about the cake shaped recovery, workers at the low Income Distribution who dont have option to work from home and for whom federal help is already taken away. As we see with fewer workers buying lattes, any service that depends on a smile, what does that mean for revenue . One estimate suggests in high rent districts, employment is at 45 so we have my colleagues and i, for cities and looking at how it depends on revenue structure and exposure to covid19, federal and state policy response. If i could get the next slide please. There we go. The point is going into this there are a lot of things we knew about city economies and finances and it has been upended by covid19. A Success Story and many of those jobs are under threat. Cities that successfully