Student loan safety net. Under the plan which was first announced an august, federal loan borrowers would see a long lower monthly payment, have an easier path to forgiveness and unpaid interest would not be added to a borrowers loan balance. The plan would also reduce payments to zero dollars for borrowers who make less than 30,000 a year. And right now, there are about 8. 5 million federal Student Loan Borrowers already enrolled in a number of repayment plants. This proposal is a path towards a single simplified option. But, it is still unclear when the new plan will be up and running. It has to go through a 30day Public Comment period, and the administration will consider feedback before the plan is finalized. This is all taken shape as Biden Student loan Debt Cancellation plan remains stalled, awaiting the Supreme Court decision. Moral arguments for their case are slated for the end of her. Coming up on the second hour of ayman, some Backroom Deals, with the Kevin Mccarthy agreed t
[inaudible] its menendez, all she will be with you from 7 pm eastern for a special two hour look at matt dashed election day. That is where we begin this hour, with the question of Whether American Democracy [inaudible] in two days time, the biggest test yet amidst great amid election day is just the next three days. Think again. Also tonight, young voters [inaudible] now eligible voters this time around. At democracies peril. Actress sofia busch is live tonight to reproductive rights and why it is nonsense to say this election is between the economy. This moment, she says, is nothing short of a national emergency. Good evening, im mehdi hasan. This is perilous and precarious time for american democracy. On the ballot in these critical midterm elections. Of the weekend, it kisses like wisconsin, final early voters were casting their ballots. Election day is now less than two days away. So, tonight, i want you to picture the scene as we take you to a post midterm future. Its january the
Here for the Hong Kong Market but not really coming through with the hang seng now down and we saw the whole region on the downside. Lets take a look at futures in the overall benchmark. Msci down three quarters of 1 and other future suggesting positivity. Things can markedly change. Yvonne so much on tap. Not just news flow but also u. S. Earnings, earnings for the region. Massive data dumps in china so certainly a lot at risk. Taking a look at oil markets, commodity prices, a flight to safety. Youre seeing that on friday. Not so much today. Look at the yield curve, treasuries are higher. Recovering from the drop of 10 basis points. Rishaad the yield can just move down and a curve steepening play going to make a comeback, thats the feeling. We have the fed at the forefront. Trying to pivot away from this layer of hawkishness suggesting that Interest Rates may not move but certain bits of data did contradict that. But of course weve seen volatility in the bond market continuing as well
There. Francine she has been the face of her party for a generation spending two decades as the top house democrat. Nancy pelosi made history when she became the first female speaker in 2007. Until recently the most powerful woman in u. S. Politics, she has faced attacks from republicans, a campaign that escalated under former president donald trump. Rep. Pelosi we have an aberration in our country right now but hopefully that will not last too much longer. Nonetheless, we have to strive for unity. Sometimes you achieve it, sometimes you dont but we have a responsibility to act in a bipartisan, unifying, transparent, accountable way. Francine in this episode of leaders with lacqua, i traveled to vegas where nancy pelosi was championing leaders. I asked her about the democrat chances at the president ial election, the biggest geopolitical threats, and what she has learned in more than 35 years in public office. Francine speaker pelosi, thank you so much for speaking to bloomberg. You ar
Haidi you are watching daybreak asia. New zealand preparing to vote on saturday in its general election. We are counting down to the major market open. Australia has just come online. Shery the top stories, asian stocks following the u. S. Lower as fresh cpi data boosting bets on fed rate hikes. The u. S. And qatar withholding 6 billion of funding to iran as they look at involvement on the attack in israel. Australia looking to reject an additional as there are allegations of racism. Haidi breaking news out of south korea, the jobless rate for september coming in at 2. 6 in line with expectations although the labor market has loosened a little bit from the previous month was it stood up a 2. 4 jobless rate. 309,000 jobs for the south korean economy from a year earlier not to mention the jobless rate at 2. 6 is low compared with the 10 year average of 3. 5 in the postpandemic average of 3. 3 . We still have strength in the service sector, although risks remain for the south korean econo