With a pan come up with a plan. Does actually get through congress . , i dont think it does. I think it is very little chance of getting through the senate. That is one of the many reasons why i remain with my 10 likely to have a stimulus deal before the election. This is just not going to happen. The parties are in four different places dependent on which faction you are talking about, all the way from zero to 3. 5 trillion. Theres no time to come around to something before the election. Guy who does this work for . . It clear he doesnt work for the American People if we dont get a deal. If nancy pelosi can figure out a way to get a deal with the white house and have it blown up for mitch mcconnell, is that something that works for her politically . Terry i think it doesnt work for her politically. You have to understand why she is where she is. Once upon a time, it was magically 3. 5 trillion or forget about it. Then all of she came down over 1 trillion under pressure from her politi
Protests hammer u. S. Cities nationwide for a seventh straight night. President trump threatens to deploy the military to end what he calls the lawlessness in the streets. U. S. Futures slipped as new york goes under curfew for the first time in over 70 years. As we pointing higher said. The u. K. Virus infection rate falling to its lowest since march. And a second wave of stimulus cannot hurt. Angela merkel looks to broker a deal on a stimulus package with 100 billion euros here as the u. K. Chancellor plans to prepares plans to bolster growth after Emergency Support is withdrawn there. We are just under one hour away from the cash equity trade here across europe. Lets take a look at futures, keeping in mind that the german dax was closed yesterday. It is up about. 5 in terms of futures. Euro stoxx 50 futures, the 6 . Chmark up. Ftse futures up. 4 . They have been positive just about one hour ago, at least partially. Now mastec futures are still keeping their heads above water. We are
About how her organization is approaching testing, treatments and vaccines and which countries she says are doing the best right now handling the pandemic. Plus, the interim president of new yorks mta joins us to discuss a path forward for pass transit and whether people will ever feel comfortable riding in a crowded subway car again the biggest subway system in the country. Lets focus on the big stories were watching kayla has the latest on a new 3 trillion relief bill proposal. Mike diving into the Federal Reserves Corporate Bond Purchase Plan which kicked off today. Kayla, lets start with you and washington relief. We are waiting to hear from House Speaker nancy pelosi to discus what they are calling the heroes act this second wave of multitrillion dollar stimulus that now democrats say is needed to jumpstart the american economy. Pelosi has urged her conference to think big, even as many fiscally minded democrats have raised concerns b about the price tag. In this 3 trillion packag
Its gains for the week as tariff tanks stock. Say that 20 times fast having its worst day in months, this is the chart that had us all scratching our collective heads, bonds barely budged so bk, we go to you, what is behind, do you think, this market conundrum. Its a little strange, you would think with the fed buying, they reduced their buying, the market, the dow down 600, not much inflation out there, you would think that bonds would be absolutely flying and theyre not. What do we know . We know that Treasury Bonds are owned by a lot of sovereign states you look at Something Like saudi arabia, japan, china, perhaps they need capital, a lot, you know, has to do with the oil decline. Perhaps its investors getting a built spooked that the u. S. Has to raise an awful lot of debt and the only buyer out there is going to be the federal reserve, but its really strange. It was the one thing that stuck out to me today because i wanted to buy bonds i thought with yields at negative, u. S. Bon
You see it in the markets where for the first time in ages, we have sort of got spaces across equities, bonds, currencies, commodities. The focus is on europe. It really pulled back toward the tendency of disinflation and deflation. The urgency of stimulus in europe is really front and center today. It certainly is and we will see if leaders agree on something. Lets get straight to the bloomberg first word news in new york city with Viviana Hurtado. Viviana President Donald Trump signed an executive order to curve immigration. Green cards are currently on hold. They allow foreigners to become permanent residents the president says that will limit competition for jobs. An exception is being made for medical professionals and researchers. The u. S. House is expected to approve today the 484 billion rescue plan. The bill adds more money to aid Small Businesses plus money for hospitals and coronavirus testing. U. S. House Speaker Nancy Pelosi says her next priority, a major aid package for