Were reported in another 1962 lives lost yesterday alone. On moree, no deal yet economic aid from capitol hill. We want you to tell washington how the covid19 Pandemic Impact that has impacted your life. In the central part of the country, 202 7488000. Mountain and pacific, 202 7488001. Medical professionals, 202 7488002. Text at 202 s a 7488003. Us or post your comments on facebook. Com hcspan. Lets begin with Vice President mike pence yesterday at the white house. He and others held a briefing. Here is what he had to say. [video] as we begin this briefing increase insive testing in the last 10 months, with ppe and medical supplies and equipment available to the American People, the medicines and therapeutics and soon the vaccines available, america has never been more prepared to combat this virus than we are today. Our pledge to each and every american looking on today is we will work around the clock to keep it that way and make sure hospitals that are seeing patients coming in on
Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
Hard today even as House Speaker nancy pelosi said there could be no action on a standalone l2 eight airlines or any other sectors of the economy without a broader stimulus package. Eventually maybe a deal will get done, even if it comes after the election during possibly a joe biden presidency. Parts of the real economy feel with one servicing nearly six immune americans expect someone in their household will lose a job or take a pay cut in the next four weeks. Joe, there seems to be an ongoing dispute between stimulus talks dragon on and the market getting hopeful. Mnuchin meanwhile, hua stinson lee as far as we know represents the white house in this, talking about starting a fact. N though there wasnt maybe theyre going to pick it back up again. We want to help the airline workers. This legislation that we had in the cares act, we hope that we could continue another six months or so. That expired at the end of september. Separately, but we cannot do it unless there is a big bill. P
Outcome, a weaker sterling, is stunning into the Fourth Quarter of this year. Plenty onwe will have that smart note from kit juckes. Lets get to first word news in new york city with ritika gupta. The chinese owner of tiktok is gaining confidence its deal with oracle will be okd. Bloomberg has learned it is likely to greenlight the deal as long as it doesnt involve the transfer of Artificial Intelligence algorithms. President trump is ridiculing fbi chief christopher wei, who told congress that rush is trying to hurt joe bidens president ial chances through social media and his operations. Chris,ident tweeted, you dont see any activity from china even though it is a far greater threat than russia, russia, russia. The vaccine they move by moderna and pfizer are moving off increasing fears that the Coronavirus Vaccine is becoming politicized. Theyre making statements about late stage trials and how they plan to gauge their safety and effectiveness. Trade talks with the European Union wer
Have to act. Unless we get more support, i think the u. S. Will go back into recession. Isathan joining us now gershon distant belt. People, hey for many was asking fiscal policy makers to do more. Iu were the one person that have read in the last couple of days that believes that was a dovish news conference. Tell us why. Do agree with a lot of the clips you pointed out, ive been saying it for a long time. You need fiscal support. This belief that the fed or Central Banks can solve problems by themselves is silly. This is not a classical recession. There is nothing Central Banks can do to get people to go there is a supply shock aspect as well. Restaurants are not fully open. You cannot go to the sporting event. The fed can do all that wants but you need the fiscal side. In terms of the relationship to the dovish side, there were several indicators. The fed was clear, chairman powell was clear he was willing to do more quantitative easing if necessary. He didnt say anything about pull