Might be delayed and he may have a hard time getting moderate democrats to back that after the Congressional Budget Office is out with a new report saying raising the minimum wage to 15 will put more put more people out of a job. Millions would lose their job from it. 900,000 would be lifted out of poverty and add 154 billion to the deficit over ten years. Some Senate Republicans says it will make stuff more expensive and hurt people theyre trying to help. Senator Chuck Grassley pleading this. Including this harmful policy in Covid Relief Bill would devastate same Business People hurt by the people. Others like Bernie Sanders are not letting that news burst their bubble. Sanders say they should do it anyway. The news from the cbo proves his point that they could pass it through Budget Reconciliation with no republican support and 51 votes. He said this today. The good news from a bird rule perspective, increasing the minimum wage would have an impact on the budget. We could raise it to
33 points and nasdaq is up 92 and the s p is up 8 points. Yesterday the dow industrials snapping a 4session winning streak with decline of the session with 135 points and nasdaq down 76 and s p lower by 11. Warning on china that i reported here first, attorney general bill barr calling out American Companies for caving into the pressure from beijing. Bombshell allegation, 15 employees of the Washington Redskins said they were harassed for years. Mornings with maria is live right now. Maria in europe mixed moves, the ftse 100 is up 21 but cac quarante is down 15 and dax higher by 42. In asia overnight markets mostly higher with the exception of japan, nikkei average overnight down a third of a percent and the other fractionally moving across the board. Some of the top stories we are watching right now, John Hopkins University reporting over 77,000 new cases yesterday. 10,000 higher than the previous high. 969 deaths were also reported. Florida, South Carolina and texas all reporting the
This on top of slight gains yesterday at 4 00 oclock. Markets were up. As you see dow industrials up 33 points and nasdaq up 139. Getting america working once again. President trump announcing plans to reopen the economy in phases. The president went through it yesterday. The Small Business aid program has run dry on capitol hill. The battle is waging on how much money, how much to add to funds to help business and American Workers now. Coronavirus is taking a toll on the chinese economy. It has contracted 6. 8 in the First Quarter. First ever quarterly contraction and wuhans death toll revised up 50 adding fuel to questions of beijings actual reporting on the virus. Secretary of state mike pompeo live at 8 30 a. M. Eastern on the possible origins of the virus as more people focus on the lab in wuhan, something that ive been putting the spotlight for months. What actions can be taken to china for lack of transparency. Mornings with maria begins now. Positive news on gilead. You saw the
Well. President trump will make his way to austin, he will tour mac pro manufacturing facility with tim cook. Impeachment hearings in washington, was billed as the most crucial day. The morning session many ways appeared to live up to that billing. Ambassador to the European Union, Gordon Sondland retreed new details about dealings with ukraine. President trump reacted to all of that. Blake burman was on the lawn of the white house. He joins us from the north lawn with the very latest, blake. Reporter what a morning in washington. Started with explosive testimony from Gordon Sondland, current ambassador to the European Union up on capitol hill as part of the impeachment hearing. Son land in his written testimony today he laid out an entire section he described in his words a quid pro quo. According to sondland in order for the newlyelected ukrainian president Vladmir Zelensky to have a meeting with President Trump, ukraine had to announce it would have investigations into the 2016 serv
Extremely unfair the way they handled their power. Here is ken paxton. Thank you all for being here. I want to thank my fellow ags. We have 50 attorney generals across the nation who are involved in the investigation that were leading from texas and i cant tell you how much i appreciate their support and their interest in a really important issue for our time. What weve all learned is that while many consumers believe that the internet is free, certainly we know from googles province of 117 billion, that the internet is not free this is a company that company that dominates all aspects of advertising on the internet and searching on the internet, as they dominate the buyers side, the seller side, the auction side, and even the video side with youtube. This investigation is not a lawsuit. It is an investigation to determine the facts. And right now were looking at advertising but the facts will lead where the facts lead. And even as we speak up here in about a minute there will be 3. 8