Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,
are you willing to risk more division within the g.o.p. if you continue to go against efforts to block obamacare? even if it doesn t move in the senate, there are those who say the g.o.p. has to stand together on this one in order to show that it is serious about trying to defund or stan together on the particular issue that is so important to so many folks. we are standing together. we were effective. no budget, no pay. we forced the democrats, shamed them to finally passing a budget. the first time they passed one in four years. we required automatic spending cuts. we have succeeded in our strategy. let s be smart. you can talk to comments or both side of the aisle. peter orsag, the chief budget writer. erskine-bowles, i have known for 20 years. they will tell you to go after the retirement, medicare. it would be insolvent.
journal , and he has said to the staff we are not making changes. reporter: republicans and democrats have continue it during an administration, you fire people to clear the way for a new policy. and james carville has a very strongly worded commentary on this and he says that the president needs to panic right now, the numbers are so slow, you need to fire, indict someone for the financial collapse we have experienced and choose an entirely new direction for your administration. but you have to remember, a lot of people in the white house now, in his administration, are new. larry summers is gone, peter orsag is gone and rahm emanuel is gone, so new talent is already in. shepard: so he has to do something. guest: carville is a very interesting commentator and although he is on the emotional side, and he says you need to do something entirely new is the
other night when we were with the texas authorities. martha: what an amazing thing you witnessed. jennifer griffin, thank you very much. incredible video. jennifer griffin reporting along the border. bill: a stunning verdict in the trial of the gitmo detainee, one guilty verdict out of 280 charges. peter king reacts in moments. and where and why this is happening: [ female announcer ] wake up time. but not for your eyes. they re still so tired-looking. with olay, challenge that with regenerist anti-aging eye roller. its hydrating formula with caffeine-conditioning complex perks up the look of eyes. it works in the blink of an eye.