Gained 160 points, but the nasdaq dipped 3. 4 we still care about the federal reserve. They know nothing just kidding. Or the president s speech tonight at the Republican National convention. But the core question is very simple, do you think we can beat covid19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powells big speech at jackson hole we parsed every word, and it wasnt worth parsing he was a prisoner of the flimsy orthodoxy, but these days he doesnt want to be the reason the economy falls apart. Hes saying forget the foolish ways of the past 40 years of fed chiefs his goal is to help the economy, period, until the pandemic lifts. Its joyful. Hes really smart and good guy thats a stock market like a supermarket. There are some aisles we want to go to when the virus is raging, and theres others we want to go to when its on the ropes. We dont know when well beat this thing ive been telling y
This hour. Were waiting possible new comment from President Trump this hour. The president set to depart the white house shortly, make his way to new orleans. He is attending College Football National Championship game this evening. Well bring you any remarks from the president , if he stops to speak to reporters on the white house south lawn. Plus protests raging in iran. Third straight day weve seen this. Antigovernment demonstrations. Reports of forces firing live rounds and tear gas. Target, how it is what it means for your store. Melissa Edward Lawrence and blake burman are live at the white house. Edward, starts with you. Reporter melissa, a feeling of glee of folks in the trade circles i talked with the signing of the trade deal expected to happen on wednesday. The chinese delegation is now here at the hotel in washington, d. C. The one, the chinese are expected to sign that trade deal on wednesday but two, tomorrow the chinese delegation will meet with u. S. Businesses to try t
Economy. He has already instituted proposals and rules that would benefit public safety. I hope mr. Pai will also continue to hold the f. C. C. To the highest standards of transparency. His decision to make proposals and orders accessible to the public prior to the commissions vote on them was a positive action. The f. C. C. Will continue to be in good hands with mr. Pai as chairman, and when the senate votes later on today to move this nomion along, i urge my colleagues to vot yes and eventually to vote yes for his confirmation. Thank you, mr. President. And i note that the staff is about to make a suggestion. Mr. Wicker mr. President , i ask unanimous consent that notwithstanding the provisions of rule 22, at 12 15 p. M. , all postcloture time be considered expired on the erickson nomination, and that if confirmed, the motion to reconsider be considered made and laid upon the table and the president be immediately notified of the senates action. Further, that the senate then resume c
Of mr. Pie the federal vacations. As fcc commissioner and now as chairman has not been a vigorous watchdog for free speech. He has not put to the peoples right to information first and in fact he has put corporate interest first. Outright and he has opposed policies are right that insured under serveda communities have access to essential technology and i strongly oppose his renomination to the commission. Lets begin with his responsibility to guard First Amendment rights. President trump has relentlessly attacked nbc, cbs, abc, cnn, the New York Times and the washington post. He calls these established and esteemed news outlets they can use and he even called them the enemy of the people. Earlier this year in february during the Senate Commerce hearing this was an oversight hearing and i asked chairman pai point blank whether he agreed with the president that these main stream news organizations were the enemy of the people and he refused to answer, refused to disagree patently outrag
Trump administration. Joining us are two former members of the federal communications commission, robert mcdowell, republican member, served from 20062013, and Michael Copps, former member on the democratic side, 20012011. And, in fact, served as acting chair for about half a year. Michael copps, you were there during a president ial transition. Whats the process like . What happens at this point . Guest well, i think the process is going to vary from Incoming Administration to Incoming Administration. Youre in the middle of a transition now. We hear rumors about whos in and whos out, is there even a transition going on. I assume there is. I hope that the business of the commission will continue as we go between here and january. There are a lot of items teed up that Republican Commissions and democratic commissions both have worked on in recent years, and i think its time to put some of those issues behind us. Therea whole negeraon ofelomnitis su o e,ndrsm a co those whats the future