Joe biden both taking time to honor those veterans who served our country. President elect biden left wilmington to stop by the philadelphia Korean War Memorial at penns landing to lay a wreath there. This is a personal day. His late son beau biden served in the National Guard in iraq. The president laid a a wreath at the tomb of the unknown soldier. This is the first appearance since Hemant Lakhani shun was called. The biden called on the president to concede. I think it is an embarassment quite frankly. The only thing that, how can i say this, tactfully, i think it will not help the president s legacy. Reporter even though President Trump is biding his time, World Leaders are not waiting. Biden had a roundrobin ever calls with leaders around the world congratulating him on his win and recognizing him as the incoming leader of the free world. Biden also says he is looking forward to speaking with Top Republicans and says he thinks silence on their side is because they are quote, mildl
Tom maybe we should get you out on tiktok to advance the show. This is an extruders story. It exploded last night with the prep this is an extraordinary story. It exploded last night with the president s comments. As you know, bloomberg reporting on the response from the chinese. It has been abrupt. It certainly is, a finders fee, something we have not seen in the past. For microsoft it could mean the deal of the decade. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. President trump may take executive action if congress cannot agree on a new coronavirus stimulus package. A president told reporters he might impose a moratorium on evictions and an act a payroll a payroll taxct holiday. That ant trump insists pickup in u. S. Operations has stalled, the u. S. Government if tiktok it said the money would come from china or from an american buyer such as microsoft. Earlier in the day, he said tiktok would have to close in the u. S.
I say that with hesitation because you never know with these numbers anymore. Here is more. Is not highfrequency data. But they are coming in stronger than expected. 6. 2ory orders up by percent. The forecast was for 5 . Percentages dont mean a lot right now because data is always volatile. It is even more so now. We are seeing wide swings in orders for both factory goods, durable goods and nondurables. Durable goods orders, we already got a report on that. That gets revised. It is revised stronger. 7. 3 earlier. Tothe end of july, it is up 7. 6 now. These are june numbers. Orders, that is the one economists like to look at because it tells you what business orders are and what business spending is in gdp and that comes in at 3. 4 . That is up from 3. 3 . Not a lot of new information. Slightly stronger. The reopening started to bring rebound into the economy. At this point, we have no idea if that has continued. The new yorku that ism number which represents this 53. 5 four july. At le
Officially launching its disney plus platform. Goldman sachs customers, concerned about gender bias allegations, says, quote, we hear you, the bank reevaluating the apple card credit limits billion dollar cost cuts, juul labs set to slash 16 of its workforce. Were going to begin with disney entering the streaming wars, the companys disney plus Service Launching today with a Monthly Price tag of 6. 99 subs will have access to nearly 500 films, 7500 tv episodes, disney has spent more than 3 billion on technology and content prior to the launch. It is a big deal for kevin mayor, in charge of making this thing work and we have seen some technical hiccups here on this first day. Overload. Maybe high quality problem, not sure but i looked at all the offerings, i said to myself, when i had two little girls, i think i would have said, no, i dont have to go anywhere this is it, you go do that, and then i can go watch football in the other room that was my thinking and then the mand loalorian wa
Worlds second largest economy now close to an ugly Tipping Point for u. S. Manufacturers and businesses . Former reagan economist art laffer literally wrote the book on the trump economy. Art laffer is here and hes about to answer that question. We will also ask is the rocket fuel from the tax cut running dry . The r word for recession taking a back seat to the o world, obliterate. When the president used it pertaining to iran, thats all it took to see a massive pileon into safe haven investments, a pileon that is continuing at this hour. Look at gold at the moment. That is a 15month high of 1,428 per troy ounce. You can see red on the screen for all major indices. Plus, i just said rocket fuel. How about spacexs heavy launch. You wont believe how many satellites they strapped to this rocket and got back up into orbit. The Federal Reserve chairs risk analysis and charlie breaks it on the sprint to the finish of that 26 billion tmobile Sprint Telecom deal. Less than an hour to the closi