They can make a package that would be acceptable, that is to the treasury secretary Steve Mnuchin and nancy pelosi. There is just one problem, whatever they come up would presumably not be acceptable to the Republican Senate or Mitch Mcconnell has said, whatever theyre contemplate something way too expensive no matter what the president says. Chad pergram with the very latest hey, chad. Reporter hey there. This is a monumental challenge. Keep in mind that House Speaker nancy pelosi and secretary of treasury Steve Mnuchin have been talking more than 90 days trying to get the next round of Coronavirus Relief done. The problem they cannot come up with the right cocktail to get something across the finish line, the right vote cocktail that has the proper number of votes in both the house and the United States senate. This is why Senate Majority leader Mitch Mcconnell has cobbled together a slim 500 bill dollar bill. It will probably be filibustered by democrats tomorrow. Keep in mind the p
Good thursday morning. We have live look at the u it is thursday, one step closer to the weekend. Lets a check of the ladder. Good morning. Tracking the heat, and our fire danger, already in the Higher Elevation here athe 50 to 60 miles per hour. This is until 11 00 a. M. Tomorrow. This is highlighted in red. We have extreme fire danger with the gusty offshore wind. The wind advisory until 11 00 a. M. We have powerlines because of the strong winds. Also talking about possible record heat. Heat advisory for the entire bay area. Looking at dangerous heat with temperatures soaring about 20 degrees above average. We will talk about that in time it out. I will let you know how hot its going to get. Out of their waking up without power. Here is a look at where they pulled the plug. In calistoga at least 9000 people in the dark. But thats not helping those who are turning those evacuations. Actually came home on friday. I havent even been home a full week yet. We had been living out of suitca
Thats not going to last long, i dont think. Its a late show with Stephen Colbert. Tonight the feeling is mutable. Plus, stephen welcomes dolly parton and musical guest Ty Dolla Sign featuring jon batiste and stay homin. And now, live on tape from the ed sullivan Theater Office building in new york city, its Stephen Colbert stephen hey, everybody welcome, one and all. To a late show. Im your host, Stephen Colbert. Were are exactly two weeks away from the election. So, if you havent decided who youre voting for yet, good luck escaping that abandoned mineshaft. Or stay down there til we have a vaccine its hard to explain. We really need a vaccine. Its a long story. As the election day barelies down on us like an outofcontrol manure spreading, one of the last chances to influence the race is thursdays president ial debate. We at the late show will be live, with indepth political analysis and extensive coverage of whatever flying creature happens to steal the show. My money is on a fruit ba
Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
And oil down 6 to 2860 and change oil now on pace for its worst month ever and here is a stat that really sets the tone for how things have been and it comes from our friend ryan detrick at lpl financial. It markets the serventh straight session that was up or down and this breaks the previous record of six such volatile sessions set all of the way back of november 1929, a true sign of the times. All of the markets rising today. It is clear that we are in unprecedented times for the markets and the economy, but we are here for you here on cnbc with the folks working tirelessly around the clock. Bob is downtown and steve has more on the Federal Reserves move and most of the action came from inside the beltway. Lets get to Kayla Tausche with what was live with the white house response. An unprecedented stimulus package the white house is proposing, 1. 3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary Steven Mnuchin putt