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Normalize relations between isra and the arab nations. Also middle east policy goals for t Biden Administration challenges posed by irannd the israelipalestinian conflict. Ladies and gentlemen, please welcome David Rubenstein come present of the Economic Club of washington, d. C. Welcome everyone, to our ninth virtual signature event of our 35th 35th season but its really not completely virtual because for the First Time Since covid has hit we are actually having live guests here today and its because its a special program and i want to thank our live guests for coming in at participating and a unique programor us because we have been doing everything virtual for almost nine months now i guess it is but our guests are here to talk out something very special ....
Both banks reported betterthanexpected results but they warned there are still risks looming for the economy. Today our swing state economy series continues from here. The state of florida, were now in Pinellas County which could actually endp deciding the election. It is really the Battle Ground of all battlegrounds. Well talk coming up why that is the case from here in Clearwater Beach. First the news, fox Business Team coverage of todays top stories. Blake burman is the a the white house. Hillary vaughn reporting on the Supreme Court hearings from capitol hill. Both Jackie Deangelis and susan li are in our new york newsroom. Blake, we start with you. ....
Questions, i think, heading into this new month is can big tech stage a big rebound because september was fairly dismal. Apple was down more than 10 alphabet down 10 microsoft down almost 7. Amazon down almost 9 facebook down 10 y do you see all those pull backs represent consolidation. That up trend remains thoroughly undisturbed. I really dont think profit taking and consolidation the month of september end up being meaningful i could be wrong thats the way i would think about it 42 of stocks in the s p five hundred are above their 50 day more than half of the market is not. The consumer stock, Consumer Discretionary looks incredible equal weight retail looks great. Anything that has to do with the consumer looks pretty darn good. The big trends are all in place. Target, new highs. Walmart looks like it wants to break out again. This morning i heard 11 of americans are now already paying for walmart plus they rolled this ....
Market, they see the s p going up another 8 by year in based on vaccine optimism, apple is helping the dow and the overall market as well, david big reveal of new products including a new watch, the stock premarket is up three box, better than 2. 5 , we have ray wang back on the show he sees apple going to 150, it is now 118. Im going to show you amazon, the Accounting Firm deloitte expects on explosive 25 35 gain in online sales this holiday season, amazon is up 37. Seven weeks exactly to the election, heres the Campaign Schedule today, joe biden gets out of his house, theres a headline, heads to florida to address the hispanic vote, Top Democrats are worried that hes been playing it too safe, Bernie Sanders wants him to harden up his message and apparently he i ....
When we came into office, even before inauguration, we had seen a historic financial crisis, irresponsibility on wall street had spread out to main street prayed we had to move fast not just in 100 days we had to move in the first month to get the recovery act passed. We are now in a situation were not only driven economic crisis, we also have a Public Health crisis to boot. Tell me a little bit about how you are seeing the current economic crisis and how you are think about the economy right now. So well mr. President theres three pieces i see. One, weve got to sustain and keep people from going under forever. There are already 10000 businesses not likely to open up significant a number of Small Business and minority business number two, when they are able to come back they are not only able to keep their folks employed on the payroll, but they are able to cover overhead, cov ....