Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen
His aim is to shape the debate about americas competitiveness. Last year he launched Harvard Business schools u. S. Competitiveness project. Its purpose is to answer one of the most challenging questions america faces today. How do we ensure the United States leads in the Global Economic arena. Im pleased to have Michael Porter back at this table. Welcome. Its been a while. Great to have you here. Yes, sir, thank you, charlie, my pleasure. Let me do this because ive referenced with this with you before. It seems it would be great to be a university professor. For this big reason its a distinction, but you get to range over the disciplines on campus. And die. Rose you could teach in whatever school you wanted to. I teach in the medical school, the school of public health, the Kennedy Business School and its the best perch one could imagine. Rose i want you to give me two minutes because you think about this a lot on health care in america. Well, i think we first need to understand that
Kentucky republican hal rogers chairs the appropriations committee. This bill takes the risk of a Government Shutdown off the table, funding the government for the rest of the fiscal year, while helping maintain our National Security and providing our troops and veterans with consistent, adequate funding. Ifill texas Republican House democrats said the cuts should be stripped from the bill. Virginia lawmaker Gerry Connolly we have to get our arms around spending but not in a mindless, meat axe way. It is going to hurt america. And to bake it into this continuing resolution, in my view, is a terrible mistake. Ifill the bill now goes to the senate, where majority leader harry reid said democrats hope to build in even more exceptions to the automatically mandated cuts. House Minority Leader Nancy Pelosi said once that happens, the commitment of republicans to averting a shutdown would be put to the test. The senates not going to accept this bill. And when they dont, theyll send back anoth
This is nightly Business Report with Tyler Mathisen and sues gharib. Another day, another record. The dow ends at a second consecutive alltime high as the Federal Reserve says the economy is growing but modestly. And Americas Energy future. In focus, a special report on a sector that could power u. S. Growth and jobs for decades. And stormy weather. A big problem for you but also a big pain for business. How Mother Nature is the great disrupter. And welcome to all of our Public Television viewers. Tyler,nother day of stocks and the economy grabbing the headlines. The stocks once again, another day the dow jumps over the moon. The blue chip index adding 42 points. The broader s p 500 was up one. The nasdaq though edged nearly two points lower, pulled down by apple and google. The markets began the day higher after better than expected news about jobs with payroll firm adp reporting 198,000 private sector jobs added back in february, more than economists expected. Also helping today, app