Out of congress as opposed to just these executive orders from the president that are taking quite a bit of heat over the weekend. Yeah, look, david, i think that there is a sense initially that it was a white house grab and it kind of went through the weekend, there was a recognition that, wait a second, maybe it is a grab if youre going to give 400, 100 has to come from the states and many of the states including red states are in trouble. The thing that is most compounding people is that 12 of the people who make 80 to 100,000 get this bizarre payroll tax cut when the problem is not the people employed but the people who are unemployed. I think that its arer so counterintuitive our old friend larry kudlow always believed in that. We have secretary mnuchin right now, which is terrific lets do it lets do it. Go ahead, jim. Mr. Secretary, always good to see you on squawk on the street. We get a little bargaining done on the show. How have you been . Good morning. How are you . Im doing
Power lunch starts right now. Welcome to power lunch. Hi, everyone. In today for kelly evans. It has been a long road back, but the s p 500 right now is near those record highs from february. About 1. 5 away. But as the nasdaq lags the browder market, check out some of the cloud names under pressure. Cloudflare, dropbox, zoom, and docusign. And you can see these moves playing out the industrial sector slee sector is leading the way as is energy. Tyler. President trump signing a number of executive orders over the weekend to expand relief efforts amid the coronavirus pandemic. As congress failed to get a deal done. Steve liesman looks as what the impact of these executive orders could be. The president s orders over the weekend getting mixed reviews today from economists. In just the past hour, jp more conpublished a report saying, quote, the executive orders could reduce the urgency for congress and the white house could get a more comprehensive deal done. If this is all we get for a f
Calling recent attacks on assault of the government of the United States. Democrats accused barr of violating protestors civil rights and sending Law Enforcement to portland and other u. S. Cities as a prop to bolster the president s reelection prospects. Lets bring wall street journal columnist and deputy Editorial Page Editor dan henninger, columnist kim strassel and editorial page writer gillian. Kim, did democrats achieve what they were calling on attorney general . Kimberley they claimed that they we wanted to hear from the attorney general but they didnt let him speak. The real idea behind this is they wanted to accuse him and the Trump Administration of essentially sending storm troopers into cities and abusing protestors rights and wanted to accuse him of politicizing the Justice Department by having ordered reviews of what happened in the 2016 election in terms of the trumprussia collusion investigation and some of the mueller indictments. The problem is that the attorney gene
A coronavirus polls deemed to be misinformation the same post has been removed by facebook the disappearance of hundreds of women and girls in her rule raises more concern about Domestic Violence during the coronavirus pandemic. Flu. 75 years after hiroshima the threat of covert 1000 forces japan to scale back ceremonies commemorating the victims. Levanon government has declared a 2 week state of emergency in beirut a day after a massive explosion devastated launch areas of the capital at least 135 people are dead more than 5000 are injured and about 300000 have been left without a home investigations are focusing on. Negligence with the officials believed to be responsible now under house arrest as in a harder report somebody. The people of this disaster stricken city are starting to assess and comprehend the extent of the damage of a blast that was far more destructive than any explosion lebanon has ever seen just before sunset on tuesday highly explosive material stored at a warehou
Of the surge in new cases. Ill have more on that in a moment. We are getting new information on the twitter hack. It wasnt just a handful of celebrities. 130 accounts were targeted and it appears to have been an inside job. That is serious stuff. Im not sure that Twitter Twitter is up, thats right. Im thinking of another stock. Okay, twitter is up just a fraction. It is serious stuff about twitter. Weve got an analyst on the show who says it might have been a test run for something much bigger. Time to drop your twitter account . We will ask the question and get an answer. More on that coming up, too. Lets get to the market. This week we have seen a shift away from big tech and towards smaller companies. The russell index of small cap stocks, for example, up 3 this week. The dow industrials, down just over 2 . This morning, we will open with a nice gain for the dow, up maybe 100 points, 26,600. Look at the nasdaq. Theres a bounceback for you, up 100 points at the opening bell. All righ