We get additional fiscal stimulus. Our guest is from morgan stanley. It feels like from the last 23 months, we have been turning the volume up and down and gone nowhere. Are we starting to change the track a little bit . Are we making progress around the fiscal talks . Only question that matters right now, Mitch Mcconnell does he have the votes to pass a 1. 8 trillion package . Think the Senate Majority leader needs all 53 senators to vote for this package. Choice is, the between getting something done ahead of the election or waiting until after the election seeing the outcome then making decisions about the stimulus package. Markets most importantly, the question is not necessarily whether it gets done ahead of the election but whether it gets done at all. Upsaw elements of that show in the minutes from earlier this made it clearfed that if there wasnt a stimulus in the next several months, if it gets done in a timely manner, the fed will be pleased as will the market. Jonathan coupl
He made very clear there are tangible parallels back to the Great Depression. Let me give you the one thing i will be looking for besides your interview with lawrence kudlow, and that will be the all in Unemployment Rate. It is at 22 now. Are we going to exceed the 1933hat foggy statistic of . Jonathan i think we all hope that is the worst of it area there is a singleminded focus of this market im recovering, focusnths to come of this market on reopening come on the months to come. Tom absolutely. Just to distill that, weve got wonderful guests to talk to on our simulcast this morning. The single chart for me that matters is the vanilla twostens spread. The difference is now out three standard deviations. To trains like that, that is a giant norm us a ginormous move. Jonathan the data is 90 minutes away. Lisa we are going to be getting at 8 30 a. M. Wall street time the u. S. May jobs numbers,. Xpected to be catastrophic 7. 5 million jobs lost, expected 19 ployment rate to surpass , th
From both sides but notably not from the president. Some call it damage control for another troubled 2000 and the candidate. Former new york mayor Michael Bloomberg launched his new mike for black america initiative, searing criticism of his record and statements on race based issues. Joe biden making a bold prediction tonight, he is going to win South Carolina and be first or second in nevada. Can he listen up to his own hype . We begin with kevin cork, perfect guy to dig into what is happening between the president and his trusted attorney general. Is size rebukes go this was as close as you could get to the line without going over when you are an employee but that said to have the white house to let the fact that william barr called out the president for tweeting about doj matters didnt bother his boss at all. I cannot do my job at the department with constant background commentary that undercuts me. Especially when that background commentary comes from your boss but that is what wi
Steve bannon was on television announcing to run challenges against every incumbent running for reelection except for ted cruz and not sure how he escaped that but he did. Like, why not ted cruz but, yes, orrin hatch . What are we if its steve bannon against the Republican Party, what do we call the bannon party . Right . And like, what gets if the two of them have decided its a fight to the death and zero sum, either steve bannon or the Republican Party, what do we call the remainders there and what do they do run for . Who do you call to call off steve bannon . His friend the president of the United States in whose name steve bannon is doing this, because he says this is good for donald trump . Youre orrin hatch. The chairman of the Tax Writing Committee in the senate attacked by Donald Trumps pal steve bannon. Who do you call . Yeah, yeah. Well, and let the record be clear that nobody has ever, ever fanned being fired from the white house into better press and more supposed influenc
Clear that nobody has ever, ever fanned being fired from the white house into better press and more supposed influence than steve bannon. Literally steve bannon fired from the white house and went back to running a website and all supposed to see that as a gigantic promotion to be the lark overlord . In a white house as powerless as this one, is it possible for a white house adviser to actually be more powerful at a website . I want to get stuff done. Im leaving the white house. Sarah palin approach to governing alaska. There we are. Thank you. Thank you. Senator bob corker chooses his words very, very carefully. He had several days to decide what he was going to say when the trump attack on him finally came. And that attack came yesterday. And bob corker hit back much harder than the president hit him. We could be heading towards world war ii with these kind of comments that hes making. Could be the calm before the storm. What storm, mr. President . Youll find out. Hes just putting on