Behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. You do measure the wall of cash on the sideline. How does that feel this dow 30,000 morning . Left out,very lonely, isolated, and i imagine some of it has capitulated. We talked about a tugofwar at the start of this month when we got deposited vaccine news. Overwhelmingly now, this market is looking through the nearterm risks into year end. I had a conversation with someone who suggested we could get a negative payroll sprint negative payrolls print for the next couple of months. It is an outlier call, but deteriorating data is consensus, and here we are running straight through it. Tom maybe it is a biden administration, the fed coming on, stimulus coming on. You keep talking about the russell 2000, up 11 year to date, and it has been a moonshot the last number of weeks. The nasdaq 100 lagging recently, up 34 year to date. 500 up 12. 5 . P for you, we
Time. We are getting out of here right on the nose at 11 40. Thank you for your leadership. Thank you for doing this and having me. Ill say this from the getgo. To both congressman. Thank you. Congressman timmins, congressman style, not only did you take speaker ryans plays but you are a former staffer. I dont think theres a more incredible fiscal hawk in the history of politics then probably, doctor tom who inspired this effort in your former boss and predecessor. We are just curious to hear your unique perspective. Not just as millennials but as millennial legislators, Congress Must timmins in your case, Small Business person similar business background. We will start with you congressman timmins. Give us opening remarks. We would like this to evolve into a discussion. While we have you all online. Youve all got so much in common with the members of this mission. This has been an issue near to my heart. The number one issue that iran on. We have been out of control for decades. I fir
Mr. Secretary, thank you for joining us this morning. I want to get right to the news. 2. 4 million new jobless claims of unemployment this morning, several Senate Republican said yesterday they want to see some action now on the next relief package. Is another package necessary and if so, when. Well, let me comment first of all, im very sympathetic to the people who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong l
Primarily focus on the coronavirus and what another round of stimulation such could look like. This is about one hour. All right. Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager here at bloomberg government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of rock biannual hell watch report that explores what to watch on capitol hill across more than 20 different policy areas and, of course, this report also examines the effect of covid19, the need for related relief legislation as was both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting ts expert analysis through conversation with a key lawmaker that is senator john thune of south dakota who was shared with us today discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgov want to be sure
People who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong likelihood we will need another bill but we just have three chilean dollars we are pumping into the economy and will step back for a few weeks and think clearly how we need to spend more money and if we need to do that. As you know, mr. Secretary, the house passed a 3 trilliondollar bill that is strongly opposed by the administration and Congressional Republ