sandra: newsom finds himself between a rock and a hard place, after backing the proposal to cost taxpayers over $800 billion. will he need to give in on reparations to keep the far left base happy? california republican assemblyman and leo terrell are here to did you say next. we have different kinds of people living in our world and they are not being processed. come down, give you a piece of town. need to shut it down and coming across, and change the laws. because even the asylum seekers are still, you know, they say the right words, they are here. i m an immigrant, but been a u.s. citizen 40 years and i m being violated but nothing i can do. john: begin with border towns furious over the biden administration handling over the migrant crisis as concerns grow over terror suspects making their way across the southern border undetected. hello, john roberts in washington. trap in, sandra. another week. sandra: a lot of concerns about all of that. sandra smith in ne
debt ceiling talks in 2011 went on for three months. tom khan was part of the negotiations, here they only have two weeks. it s a grave situation. the factors that would lead to an agreement are so high, the obstacles are so great. i m convinced that this country is the closest danger of default we have ever been. never before has congress tried to hike the debt ceiling with margins this slim in the house and senate, and so little time to act. sandra. sandra: chad is on that for us as we walk closer and closer to that actual meeting happening, chad. thank you so much. and john, as we do that, and begin a brand-new week, pop up the dow board, the markets have been watching closely, uncertainty is something for the investment community and traders
Seem to be very worried about the fed, the trade war. so the markets are sending a signal. it s really weird that the president has ignored the single. when the market was going up, that meant things are good. now that it s going down, it s a glitch. how much of this is true? i think 15 years ago if you and i were sitting here with this dow board, down 2.25%, we could agree that is a reflection both of the economy and of the sentiment of the people. now fewer than half of americans are invested in the stock market and most of them through 401ks so they re not that actively investing in it. does it say something about the economy or is it not? no, i still think it says something about the economy. when the stock of apple goes
Provided a budget increase since he took office. peter baker, thank you. thank you all. just into the news room, general motors plans to cut about 15% of the work force in north america. the new york stock exchange actually halted trading of the stock as a result briefly. it has resumed. the closing plants are in detroit, ohio, michigan, maryland, there s one in canada as well. the ohio facility is just outside youngstown in the northeast. in july of last year president trump visited youngstown and told an audience that the area jobs were, quote, all coming back. gm shares, we should point out here right now, those shares up about 6% this morning. a bigger picture. i think we ve got the dow board here. the dow jones industrial average up more than 300. again, shares of gm up on that
Compete and grow. but you know, sir, that american companies generally speaking are not having any problems competing and growing. while we ve been speaking the s&p 500 i don t know if we have a dow board here just hit a record high. president trump put out a hit a. the markets have never been so strong. corporate profits are booming, and in the last eight years, corporations have been flush with cash and they re able to borrow. so what exactly what growth isn t happening that would be if we saw a tax cut? well, these companies are growing in lots of places, including the united states, but they re growing more so overseas, many of them are, and they re making a lot of investments over there because our tax policies encourage them to take their money overseas. you wouldn t have burger king headquartered in canada if our tax policy was competitive. our tax policy is not currently competitive with the rest of the world and we are losing jobs, and that is a classic example of ho