This is what we need to do to move forward. He believes we need to take action on all of these big issues when were talking about the economy, we talk about covid, the vaccine, taking action on masks, taking action on equality, climate change. And a live look now at capitol hill where Speaker Nancy Pelosi will be sending that one article of impeachment against donald trump to the senate tomorrow. His second impeachment trial slated to begin in two weeks. Senate majority leader Chuck Schumer speaking last hour saying hes hoping for a speedy trial. In terms of impeachment, look. Everyone wants to put this awful chapter in American History behind us. But sweeping it under the rug will not bring healing. The only way to bring healing is to actually have real accountability, which this trial affords. So we will move forward with the trial. It will be fair but it will move at a relatively fast pace. Meantime, republican senator mitt romney appears to be not ruling out voting to convict trump
S p up by just under 2 points. In Global Market headlines, chinas Manufacturing Sector strengthened further. Mixed signals in important areas, including export orders suggest that any recovery will be gradual. Take a look at what happened overnight in asia. Youll see that shanghai and hang seng were barely higher. The nikkei was down by 0. 8 . The big news out of europe this morning, royal bank of scotland, rbs announcing it will move 61 billion of toxic assets into an internal bad bank. The early european trading this morning, youve got some red arrows. But thats only down by about 16 points. Well see what happens as we get further into the trading day. Well have more from Ross Westgate in just a few minutes. Andrew, over the to you. Thank you, becky. We have Corporate News this morning, as well. Aigs corporate earnings top wall street. Some analysts were looking for better results in the companys consumer line business. The ceo was on the closing bell yesterday talking about the econ
Also, is obama man Larry Summers really jacking up on rates and knocking down stock prices . Will he really be a tighterfisted fed chairman than janet yellin . The markets seem to think so. But wasnt summers the big trilliondollar stimulus spending guy in obamas first term . And speaking of fears, has team obama totally botched the egypt situation . There can be no compromise here, folks. American interests lie with the Egyptian Army, not with the radical and terrorist Muslim Brotherhood. All those stories and much more coming up this evening on the kudlow report. Beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. First up tonight, after delivering a number of Economic Growth speeches this summer, president obama has still failed to provide any Economic Growth message. In fact, the tax, spend, and mandate obama care plan is a huge drag on the economy. And on top of that the president s idea of Corporate Tax reform is really a tax grab for all his p
Rose welcome to the program. The president made two Important National security nominations today. One is secretary defense. He nominated former senator chuck hagel. The other c. I. A. Director, he nominated counterterrorism expert at the white house john brennan. Well talk about both of them with david sanger of the New York Times and Mark Halperin of Time Magazine. Both mr. Brennan and chuck hagel are coming in at exactly the moment when the light footprint strategy has begun to hit some real resistance. The u. S. Has not figured out how to intervene in syria in an effective way. Its obviously run into some difficulties in the end of its Cyber Campaign for now in iran or at least we think it has. So the question is whether or not these two men working together can sort of forge some very new and different ways. One of the reasons people have liked chuck hagel over the years, a lot of reasons reporters like him, a lot of reasons his supporters like him is hes a freespeaking guy. Hes i
Of the show, so join our live conversation for the next half hour on twitter, on facebook. Tonight the house of representatives, your house of representatives voted to increase the debt limit and extent the borrowing power of the United States until march 2015. What am i going to do with the rest of my year . Thanks to the Winter Weather system, lawmakers rushed this legislation through, avoiding an economic storm that could ruin us all. Thats what could have happened if the u. S. Started to default on itself debt on obligations. So lets be thankful to our politicians for doing what they are supposed to do. And it was americas economy that was very much on the mind of janet yellen today. In her first appearance before congress, yellen was plainspoken and easier to follow than past fed chairs. For you homeowners worried about rising interest rating, she said the fed would do it part to keep the Interest Rates low right now. And for investors she said dont get too worried about the recen