Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u. S. Debt. So certainly the Treasury Secretary is trying to call on congress and say we need a deal in the coming months. I spoke to a seni
Manus welcome to the show. Hope you have had a good rest over these past couple of days. Some markets were open. This is the complexion of Global Markets as london against to come back from its turkey feast and its turkey slumber. We have the risk radar for you. This is the anxiety in the market. The man versus yield. This is u. S. Gg 3m. The debt ceiling anxiety is personified in the demand and cost of threemonth bills. 1. 445 . Thats the highest stop out rate since december 2008. But the bid to cover ratio has been the lowest since 2009. Do you want to because short if the wrangling continues . Some of the middle east markets open on christmas day. You have ulcer in the from a long weekend. Equity markets from a threeweek high. Equities, a little bit of gain. Australia flat after a fourday weekend. Oil is just coming back. This belies a much bigger move upwards in the price of oil. We had another outage. This time youre looking at oil at the highest level since mid 2015. Libya had a
Designing customized individual and Group Retirement products. Thats why were your retirement company. Additional support has been provided by and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios at Lincoln Center in new york, megan thompson. Thompson good evening, and thanks for joining us. President donald trump is marking his 100th day in office with a visit and rally tonight in a key swing state that propelled him to the white house. Mr. Trump is expected to address supporters in harrisburg, the capital of pennsylvania, which backed him last november, the first time the state went republican since 1988. Before the rally, the president was set to visit a shovel and gardening tool manufacturer and sign an executive order directing the Commerce Department and u. S. Trade representative to identify trade agreement violations by other countries and recommend solutions within six months. Ear
40s for a few, 50s more 40s to the north. 50s a lot more 50s yesterday. More fog over the bay. This system will give us increasing clouds and a possibility of rain on thursday. Today though 50, 60s, 70s near the water. 6 01 and so far so good,. You know, things are picking up a little bit steve. It is getting slower on interstate 80, we have a crash in the south by to talk about. Lets start off with 80 westbound, can you see traffic here on the east shore freeway, it is going to be slowing down from the bridge to the maze, 42 minutes and that is going to be a commute that is going to an little bit slower than normal for this time. Traffic is better once you make it down to the bay bridge at the bay bridge toll plaza you can see that traffic is going to be okay. We do have a look at the san mateo bridge where traffic is go to be moderate over to the peninsula. Traffic on 87 is backed up from 85, so if you want to stay on 101 or do 85 to 17, 85 to 17 and get in that way that should be be
Changing of the guard at General Electric. Chief executive jeff imelt will end his tenure this summer after nearly 17 years. There is a shift in the companys focus but was under pressure to increase the price of the stock which is widely owned by longtime investors and mutual funds. Taking over the top job is John Flannery who heads up ges health care division. Investors like the news sending shares up 3. 5 . Morgan brennan has more on the future of ge, a company that was an original member of the dow the change at the top of General Electric comes after 16 years. Over that time, there have been many grumblings about the stock price, a fact that hasnt eluded the man soon to be in charge. No ones happy with the stock price righ or some of the cash, you know, pictures that weve had. We know we can be better at those things. So im going to do basically what ive done in the health care business, spend a lot of time with investors, with customers, with employees, listening, hearing what, yo