Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
Weaker as you have no agreement over finance chiefs on what to do over the crisis. Russia doesnt think a 2 million barrel a day cut is enough to get anyone to the table. In the bond market, 17 billion worth of supply coming online at about 1 00 today. It is time for todays market moving news from our london and new york offices. European Union Finance ministers now failing to reach a deal on a unified strategy combat the economic damage of the coronavirus. Germanys finance minister olaf scholz did give a press conference shortly after talks ended. I think it is absolutely clear that the recovery of great will be a very activity. We have to organize together. As anyone knows, i think it is absolute possible to do this within the framework we already have. Alix bloombergs Michael Mckee joins us now. I couldnt believe it, but i could believe it this morning when i woke up and saw they could not agree, and it was north and south. Michael it seems that way to a lot of people. Talk is cheap.
See for donald trump. To learn starting about what the Trump Administrations plans are. We go to our chief washington correspondent. We argued a reporting about this budget outline and when it may come out. Take us through that. Later today, the white house is respected to release a twopage summary of President Trumps proposal. This comes one day before President Trump addresses a joint session of Congress Tomorrow in prime time where he will lay out his policy proposals. Imt of the sources speaking with want more specifics. Heres what i can tell you so far. For the cut spending state department and the Environmental Protection agency, but it would boost military defense spending. We have reports that they may trim back their expectations of growth. That is something terribly important to people watching this program. What is behind that . Precisent have a reason for that estimate. That would perhaps show a slight reassessment this administration has in the economy. Economicput through
By calling. If you want to reach out on social media, you can do so off of twitter. 15 saying worried, 10 optimistic and you can send an email. The headlines were the inspiration for the question. When it comes to economic related matters the wall street journal on the jobs record. Tepid job growth fuels worry. We will highlight the use of the word worry. And in New York Times job creation is still steady despite worry. They talk about the jobs report. Turning to wall street and stock market, here is the Financial Times take, wall street ends at highest level since the financial crisis. Other stories talk about wall street saying wall street ends with a bang. If you want to look at the housing industry another indicator when it comes to the economy, the real Estate Section of the Washington Post this morning framework for renaissance is how they talk about a story looking at a reis surgeons not only resurgence in building and buying. We will read some of the stories as we go along. We
They will be able to undercut it here in america. We expect the president not to go forward. Good to have you with us tonight, folks, thanks for watching. Would president obama put his right hand up to the oval office back in january 2009, this country was peel, off 750,000 jobs a month. It wasnt good. Remember those days . But the country wanted jobs. That the country wanted the congress to focus on jobs and the economy. So we did the stimulus package. It certainly helped an awful lot. Weve added nine million jobs since then but the country still wants jobs. But right now, you see, america is being disfocused because of this thing called benghazi. Oh, lets not forget, we got to throw in his 20yearold sex scandal which, of course, the clintons are allegedly behind. Give me a break. More on that later in the show. But you know what americans want six years after the fact . They want jobs. And the republicans, no, they just want to help out. They want to sit over there and just be heckle