Program. Democrats said it stops right there. They want added items that would no doubt be taken up in the house of representatives. Thereby substantially increasing cost of that. But the real catalyst for a lot of this as far as Financial Moves is no less than the Federal Reserve because 2. 3 trillion has been thrown at everything from the fed, shoring up support for small and mediumsized businesses to buying mortgagebacked bonds. Buying a lot of junk bonds. Just, anything they can get their hot little hands on. The junk bond thing is kind of interesting, folks. You might recall in the financial meltdown, we had these mortgagebacked securities. Remember they would pool mortgages, even iffy ones into a package of securities you could buy, mostly like a stock. When things are turning south, no one wanted to buy them. The Federal Reserve it saying when it comes to junk bonds, we dont think theyre there yet. Just in case well be buying a bunch of them. Indicating the markets the fed is no
Case right now. Anything can happen. Probably will. Lets go to Benjamin Hall in london, very latest where this stand. Hey, benjamin. Yeah. Hi, neil. You put your finger on it. There is a lot of optimism in europe about this deal. 27 nation agreed with a deal with the uk. That in theory all should move ahead. The sticking point, the hardest part is yet to come. Now this deal has to be put before the British Parliament. That is where theresa mays deal fell so many times. The vote in the British Parliament is scheduled for saturday. At the moment, it does not appear if Boris Johnson has the parliamentary numbers to push it through. Meaning it could be dead in the water. He doesnt have the numbers, Northern Ireland allies, dup, do not support it. Nevertheless today he was sounding upbeat. It means we can deliver a real brexit that achieves our objectives. It means that the uk leaves whole and entire on october 31st. There were some major sticking points to reach this point. Many people rem
The Administration Made a big move on huawei with Edward Lawrence covering it from the white house. Reporter President Trump is not ready to make a deal with china. Every countermove or every move to increase pressure on chinese, are met by countermove by the chinese who have not backed off, or come back to the table, when china had stimulus for its companies and economy, white house announced 90 days for companies to stop selling to huawei. The news heard on mornings with maria. It is another 90 days for the u. S. Telecom companies, some of the rural companies are dependent on huawei. So were giving them a little time to wean themselves off but there are no specific licenses being granted for anything. Okay. Reporter this is relief chinese were looking for, they said u. S. Should allow huawei to continue to do business with u. S. Companies. The they are looking for chinese to reverse course to buy agriculture from the United States. This delay comes as tim cook, the apple ceo, met wit
Perfunctory. Now it is done. Tmobile, sprint, theyre coming together. Charlie gasparino has the breaking details on sprint tmobile, what happens now. The concessions that were made, what it could mean for industry. Will we go to blake, guys . Blake is available. First you were missing in action now youre doing your job. You are doing your job. The white house come out to say essentially we have had much stronger, you know, gdp read, paraphrasing here, if not for the Federal Reserve spoiling the party, that is essentially it, right . Port pot the favorite punching bag of the president and the white house is out today. Very first reaction from President Trump, focus on 2. 1 gdp number. He took to twitter to say that the fed has quote, wrapped an anchor around our neck. That tweet from the president , saying it wasnt bad. Usa ready to go forward but the fed is the problem here. His top Economic Advisor larry kudlow also blamed the fed when pointing to a different number. You remember neil
Department through the commerce secretary wilbur ross put out a statement essentially saying that the 2020 census would go forward without the Citizenship Question, even though they dont agree with it, even though they dont like it, the census is being printed. Here is what the commerce secretary said yesterday, quote, the, he said he respect the Supreme Court but strongly disagree with its ruling regarding my decision to reinstate a Citizenship Question on the 2020 census. The Census Bureau started process printing the questionnaires without the census. My focus, that of the bureau and entire department is to conduct a complete and accurate census. Seems pretty straightforward, right . Just a while ago we got the tweet from the president. The news reports about the department of commerce dropping the quest to put the Citizenship Question on the sin ses is indirect, state differently, fake. We are absolutely moving forward as we must because of the importance of the answer to this ques