We have that manying up. The number of americans seeking unemployment aid popped last week. Add to that expiration of emergency programs, increased lockdowns. One has to wonder will Congress Step up . Or will this be a Blue Christmas for Many Americans . I will ask tennessee congressman mark green. President trump fights for reelection and targeting vote if iification in a number of states. Well get that from the trump campaigns erin perrine any. All that and more on making money. Charles the market seesawing back and forth in a narrow range. This is normal consolidation after of a recent weeks. Lockdowns impacted market only when it hit wall streets backyard did we see noticeable selling. The market understands it will take some time to reach socalled herd immunity which near term the economy could get rocky. The market understands there will be huge Central Bank Accommodation and maybe fiscal health. There are huge winners every day in the stock market. That is what investors are lea
Were talking ever. That and much more on making money. Charles democratic president ial candidate Bernie Sanders reaffirming his stance that if you make more than 29,000 a year youre going to be paying more taxes to pay for the universal health care plan. Take a listen. What we will do, is have a 4 tax on income exempting the first 29,000. [applause] all right. Youre better at arithmetic than i am. Because what that means, if you are that average family in the middle, who makes 60,000 a year, well tax you on 31,000 at 4 . Charles man the guy is so generous. Not only does this sound unfair, i think will destroy our economy just as the middle class is beginning feel great about ourselves. Not talking about opinion polls. Talking about real life. Those same folks bernie wants to tax, theyre out there, spending money, creating jobs. Three retailers you know, great proxies for the middle class not only reported earnings. They beat wall street and raised guidance for the rest of the year. It
All that and more on making money. Charles the markets essentially flat. All eye what is happens next, in the first phase of this u. S. China trade truce. Both sides say there is more work to be done. President trump says in fact he could sign a deal with President Trump summit in chile. Treasury secretary Steve Mnuchin says there is deal in principle and what is coming in store for next couple weeks. There will be deputy level calls this week. There will be principal level calls next week with ambassador lighthizer and myself and the vice premier. Those things are planned. I wouldnt be surprised if there are deputy level meetings in person. Our expectation well meet with the vice premier before the president s meet in chile to finalize any issues. We need more inperson meetings done obviously well do that. Charles coming collapse of china author, gordon chang. First your initial assessment of the agreement we saw on friday . I dont think there is really an agreement, charles. What the
Hill how this could impact the market and how the impeachment inquiry could to from here. All that and so much more on making money. Stocks were sliding a little bit off the session lows of after a report the Trump Administration will not renew waivers set to expire in november with respect to huwai products. However there is a source telling fox there is no decision on extending those temporary licenses right now for the chinese company. Point view Wealth Management david dietze and monica mehta. Let me start with you. These seem to be speed bumps. Theyre not derailing the market. It is off less than 100 points. Here is what im seeing that is really intriguing. The report is out. America leveled sanctions against chinese oil tankers. On the other hand the Chinese Foreign minister we dont want to play game of thrones. Another report from out of china highranking source they will buy more soybeans boeing into the meeting. Theyre prepared to buy 35 million tons next year if they get a de
Mark short revealing the president plans to sit down with paul ryan and mitch mcconnellc at camp david next month. After that, roll out this big bill. I think you will see the president roll out infrastructure plan in january. And the president has already invited leader mcconnell and speaker ruane to camp david officers weekend in january to make sure what our priorities are in 2018. Not a lot of details with this one, david. But we sort of know the general themes, a trillion dollars. When you break undo the numbers the administration wants 200 billion in federal money. The other 800 billion trying to incentivize local governments to build up Public Private partnerships as well. They think they can bet democratic support with this because infrastructure is normally bipartisan. Democrats look at different prism as well. They want some, a trillion dollars in federal money. There is a bit of a gap there. When they roll this out come 2018. We well see how the politics shake out. A lot of