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CSPAN2 CBO Director Phillip Swagel Testifies On Budget Economic Outlook July 12, 2024

The highway, medicare and scattered showe social distance needed funding by 2031. [inaudible conversations] good afternoon, ill call this meeting to order. Today the committee will hear testimony from the Congressional Budget Office director, phillip swagel, on cbos updated budget and economic projection. These projections account for the covid19 pandemic and legislation enacted in response to it, and provide a window into the future of our financial state. This is dr. Swagels first time testifying before the Budget Committee since becoming the 10th director of the Congressional Budget Office. Unfortunately, the pandemic has delayed having him appear before this committee. Id like to thank dr. Swagel for being here today and id like to thank the cbo staff for working to provide congress with i ....

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CNBC Fast Money July 12, 2024

News on the banks. We were discussing on closing bell the banks finding out this evening what this extra stress tests theyll go through this fall will be there will be two severe recessions it will be tested against as opposed to normally one. Its possible we could interpret those severe recessions as not as bad as they could have been june saw unemployment spiking to 10 . This test has two versions one is that it spikes to 12. 5 and then dips more quickly to 7 7. 5 both of those factors perhaps highlight the severely adverse scenario didnt get that much worse given the year that were in than perhaps it could have got. 10 unemployment to 11 or 12 is not that much worse. That will also include a stock market decline by 30 house prices falling 26 all of course headlinegrabbing changes but not that much worse than they could have been given the fact that we already knew this early set of tests was coming there is one line that stands out at the end of the statement that says, the board re ....

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CNBC The Profit July 12, 2024

Lemonis if i cant help them and their franchisees find a way forward. Im pissed right now. I am record pissed. Tea time will be over. And i am not gonna [bleep] around. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning, wondering if we have a job. Were gonna wake up every morning, wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This is the profit. Lets go to work. Taylor welcome to tea 2 go. How are yall doing today . Lemonis in 2013, jeff hunt enlisted his son, taylor, to help him launch tea 2 go a franchise concept offering madetoorder drinks and looseleaf tea by the ounce. Taylor you need sweetener in that one. Lemonis he wasted little time Building Stores and pitching franchises. Jeff to built out, to initially open it, all the furniture, probably around ....

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KRON KRON 4 News At 5pm July 12, 2024

Video so heres the video was played today during the White House Press briefing. It shows the speaker in a smock and with wet hair wearing no face mask walking through the east lawn in San Francisco on union street. The speaker says the salon misrepresented local Health Orders and says that she was clearly set up so we have just heard now from the salon owner and she says that the speaker owes her an apology. If anyone said it misses pelosi it could only have been the person she booked the appointment with Jonathan Dinardo obviously this makes no sense. I am confident that jonathan didnt did nothing to said it misses pelosi. In fact, nobody said it misses pelosi. She is attempting to scapegoat her stylist jonathan a big fan of hers and me a
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CNBC Squawk Box July 12, 2024

Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on ....

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