Grateful to the coronavirus pandemic. Back on to do business i want to get jones in berlin good to have you with us the u. S. Economy desperately needs a new stimulus package as the pandemic continues to wreak havoc but with a president ial election week weeks away the parties are divided amid political wrangling and last week president to donald trump called off the negotiations on sunday now u. S. Treasury secretary Steven Menuhin proposed that 175000000000. 00 in unspent 8 to Small Businesses be released immediately to east the stalemate the argument of the total package is much bigger though the democrats want a plan worth more than 2 trillion dollars so far republicans have not gone past 1. 8 trillion. 1000000000 trillion Chelsea Delaney our financial correspondent in frankfurt can probably. Make sense of that so the democrats when will the 2 trillion dollars trump has offered 1. 00 trillion before basically saying no and now we hear the stigma nugent suggest a mere 230000000000 d
Good monday morning, welcome to squawk alley, im Carl Quintanilla with john fortt, Courtney Reagan is with us for the hour lucky to have her on a busy market day dow up 238, s p up almost 12 off the highs of the morning, but, obviously, on the heels of tax reform optimism. House and Senate Working to get something to the president s desk before the end of the year. A number of dow components hit alltime highs today home depot, mcdonalds, jpmorgan, and 3m thats just a sampling John Leibovitz joins us. Guys, happy monday not exactly sell on the news not exactly i think a lot of expectations was it was going to be a buy the rumor, sell the news i think part of it might be we didnt get the plan until late friday night, early saturday morning, but that said, based on the rotation we saw within the market away from large, towards mid and small, away from growth towards value, its been a pleasant surprise things have continued to move today the way that they have david, would you advise inves
Explain that. Also, one of the most hotly contested stocks out there due with earnings in about one hour from now. There it is right there. Herbalife, the stock is having a nice day oh, its having a nice year. Up more than 80 this year. Noted herbalife cynic, our own herb greenberg, is going to be here when the news hits the tape. Its the story that has many asking what in the world is steve cohen thinking . On the weekend after seeing his firm indicted, he throws a flashy party at his hamptons home. Its definitely legal, but is it smart . Well discuss that ahead. And the markets right now, lets look at where we stand on this monday on the street. Its been somewhat of a quiet day. Not a quiet week ahead of us, though. Theres the dow at this hour. It is down 23 points. Take a look at the nasdaq and the s p, as well. Were negative across the board. Modest losses as we await a whole bunch of news coming down the pike this week. Joining us to break down all of it in our closing bell exchan