To digest this weeks Economic Data here are three beneficials. Susan collins will speak soon and John Williams the president of the new york will give the keynote. We have had a flat day in stocks. Mass dog breaking into the red, down. 3 . The s p is still in the red. Two year yields are down. 03 and bitcoin going parabolic breaking above 62,000 less than 7000 from an alltime high and will talk more about that later. Midday movers on the equity side. We have used and bitcoin and marathon digital have seen gains. We are also looking at beyond meat sore after delivering a better than expected forecast. Ebay shares are up the most since november 2022 after a buyback plan. United health with the biggest declined by 4. 8 5 on the day. The u. S. Initiated an investigation into the largest u. S. Health insurer. When it comes to the fed, Mark Mccormick gave his to take when they have their first cut. We believe they will cut ma, growth is slowing but not catering. Sonali lets bring in policy e
Include stimulus payments among 600 per person among other measures. That direct stimulus check addition comes at the extraction of aid to state and local governments. This morning, Mitch Mcconnell and Chuck Schumer took to the senate floor to announce a deal is within reach. The democratic leader and i worked into the evening, alongside the speaker of the house and the House Republican leader, we made major headway toward hammering out a targeted pandemic relief package that would be able to pass both chambers with bipartisan majorities. As we race the clock to reach a final accord before the end of the year, we are close to an agreement. It is not a done deal yet, but we are very close. Also happening right now, president elect joe biden has just finished speaking in delaware where he introduced pete buttigieg, one time primary campaign rival as his choice for transportation secretary along with former mayors becoming it comes amid complaints from some on left his cabinet is not dive
Where you have a democrat and a republican. You have orman, an independent, who doesnt have the benefit of a Party Structure to do all that getting out the vote. So, aides to orman say theyve been using their phone banks and volunteers trying to find not the typical base democratic voters, who they hope will turn out on their own, but looking for those voters who might be somewhere in the middle, might not vote in every election and to try to drive them to the polls. Now, pat roberts has usually won easily. Hes been elected to the senate three times before. This is a very different year. And when i asked him about the pressure hes feeling and the burden on him, because this is a red state and the republicans want to see a republican senate, and he is really the one in trouble among all republican incumbents tomorrow. He acknowledged some people are fed up with washington. People are just frustrated. Thy are. Some is directed at you. And telling those stories to me, i take it to heart.
Ive learned so much in your hour. First of all that people in phoenix are called phonicians. Which the mayor of phoenix said on your show. I did not know that. Nor did i. Inspector generals report, rachel, i remember when this story first came out, the second secretary in effect, picks up the phone, threaten et Lisa Murkowski over the Health Care Vote with resources in his department. Immediately i started saying, wait a minute, there are legal issues around that. I know everyone thinks thats wait it works, but it is not the way it works and there are legal prohibitions against doing that kind of thing and here we have tonight Inspector General of that department looking into exactly that. Yeah. And it is a very interesting legal question and political question, because ryan zinke is in the cabinet and what he did is not really contested. Just a matter of whether or not it is policeable. We had Barbara Mcquaid here who brought up that incident saying thats an example of, not of a crimi
Rachel, i remember when this story first came out, the second secretary in effect, picks up the phone, threaten et Lisa Murkowski over the Health Care Vote with resources in his department. Immediately i started saying, wait a minute, there are legal issues around that. I know everyone thinks thats wait it works, but it is not the way it works and there are legal prohibitions against doing that kind of thing and here we have tonight Inspector General of that department looking into exactly that. Yeah. And it is a very interesting legal question and political question, because ryan zinke is in the cabinet and what he did is not really contested. Just a matter of whether or not it is policeable. We had Barbara Mcquaid here who brought up that incident saying thats an example of, not of a criminal obstruction of justice or something. Thats an example of what we call log rolling. Thats the sort of thing that happens in politics. That said, Inspector General is looking at it as an edge lick