Economy. More than two trillion more in programs today to support business and the bond market amid the covid19 out break. Fed chair powell saying the economy and the recovery can be robust this after another 6. 6 million americans file for jobless claims that brings the total over the past three weeks to nearly 17 million. Take a look at oil it was surging earlier today but pairing those gains now, its now negative on conflicting reports on whether or not opec has reached a deal thanks. We have all the big stories covered today. Crude being one of them. Its down 5 well have more in a moment. Bob on the markets and kayla tracking the moves in congress, which didnt happen today. Bob, we kick it off with you we are just off the highs the banks are lagging. Banks, retailers, just off the highs for the Dow Jones Industrial average bank, retailers and real estate doing well energy has been lagging a little bit. Were awaiting for details on opec and the deal or no deal we dont know yet. Ther
And welcome to power lunch. Stocks are holding into the green. We have the dow up 122 points. S p is up by about 11 right now. But take a look at the tenyear note, because the yield is 1. 72 , a rising dollar, rising yield continue to be themes in todays mark. Were seeing nice gains in financials. And Energy Stocks among the biggest winners on that index at this hour. Take a look at chesapeake, trance ocean, marathon oil, free port mcmoran in the green right now. Im michelle carusocabrera. Americas trade deficit widening in august as we imported more goods than we exported. Mortgage applications climbing 3 last week and that was driven mainly by refis. Justice Department Says they have arrested an nsa contractor accused of stealing classified materials. Well have much more on that story in just minutes during our live interview with the assistant attorney general john carlin coming up here on power lunch. In the meantime, were counting you down to the big september jobs report on frida
That motion carries. Pledge of allegiance we dont have a america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised the ringing of and use of cell phones, planning code are prohibited at this meeting. Match please be advised that the chair may order the removal from the meeting room the meeting room ringing or use of a cell phone, pager, or other similar soundproducing electronic devices. Please be advised that a member of the public has up to 3 minutes to make comments on agendas items unless a commissioner asked otherwise. Any Public Comment on the items not listed on the agenda if there is have a card and come up to the mike twice. Public comment is closed. Next speaker, please. Item 9 closing arguments. Good afternoon commissioner adams and a commissioner Vice President brandon and members of the commission and members of the public and port staff im eileen the intern port director and pleased to announce
All in favor, say i. I. Opposed . I move to not disclose anything discussed in closed all in favor, say i. I. Opposed . That motion carries. Pledge of allegiance we dont have a america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised the ringing of and use of cell phones, planning code are prohibited at this meeting. Match please be advised that the chair may order the removal from the meeting room the meeting room ringing or use of a cell phone, pager, or other similar soundproducing electronic devices. Please be advised that a member of the public has up to 3 minutes to make comments on agendas items unless a commissioner asked otherwise. Any Public Comment on the items not listed on the agenda if there is have a card and come up to the mike twice. Public comment is closed. Next speaker, please. Item 9 closing arguments. Good afternoon commissioner adams and a commissioner Vice President brandon and member
Billion in new revenue, new taxes. If you do that by closing loopholes or other ways around. Now, to come to numbers like that, you think it would be more difficult to pull the democrats or more difficult to pull the republicans . A lot of those cuts could be doing things like cutting tax breaks for businesses, and other special interests that are out there. And that is something that i believe plenty of people in the tea party and others might sign on to. I think it would be more difficult to get republicans to come on to that bargain because they have a bright line on taxes. Democrats, as i mentioned a but if youre talking about cutting loopholes and cutting tax breaks that certain people are getting, we have Grover Norquist joining us today. He might not say that what is raising taxes. I expect he would say that is raising taxes. Look, the president said in our interview two weeks ago that tax rates are a thing of the past. Raising tax rates are a thing of the past. That what he wan