Peter navarro last week on this program on what to expect. The phase four, when you talk about a 3 trillion program by nancy pelosi, you hear from Mitch Mcconnell only 1 trillion, the president is very interested in something on the order of at least 2 trillion with the bulk of that focused on bringing home our Manufacturing Base starting with pharmaceuticals and medical supplies and equipment. Maria and joining us to talk more about what a phase four stimulus plan might look like as well as a timetable, white house Senior Adviser kevin hassett. Kevin, its great to see you, thanks so much for joining us. Great to be here. Maria i know youve done a lot in the way of stimulus, throwing a lot of money at this economy. Assess where we are right now. We saw some very good retail Sales Numbers this week, we saw good jobs numbers last week. Has the recovery begun . Yeah, absolutely, the recovery has begun. I think that, you know, pretty much were looking for an acceleration over the summer if
Democrats, 202 7488000. Independents, 202 7488002. You can also send us a text this morning, that number 202 7488003. If you do, please include your name and where you are from. You can also catch up with us on ter at cspanwj m and facebook with facebook. Com cspan. We begin with the scene outside. He capital yesterday this is congresswoman karen bass, chairwoman of the congressional lack caucus and one of the chief sponsors of this legislation. [video clip] 12yearold tamir rice would be alive today if this had past six years ago. It is fitting that today we will legislation. Toric it is sitting because today, june 25, would have been to mayor rices tamir rices 18th birthday. This is a profession that requires highly trained officers that are accountable to the public. Host hours later, the bill was passed in the house. Here is Speaker Nancy Pelosi with the final vote. [video clip] on this vote, the as are 236. The nays are 181. The bill is passed. Objection, the motion to reconsider i
1984. Changeover to take out and delivery helped some of these restaurants at all . Or is it causing them to cost even more just to stay open . Guest that has been a big debate, and you could argue that allowing these companies doing takeout and Curbside Service is kind of a lifeline, they are on life support, their limping along and all those kinds of medical metaphors and its true. On the other hand, youve got six costs and variable costs. Your rent inre your utilities, variable cost our employees. Down, i mean,ut theres a lot of calculus. I talked to Restaurant Owners who are going through this. A lot of them, it sort of speaks to your mindset. If you really want to do this, a lot of people are really trying to stomach this and use the loans, we will talk about that in a little bit. , andy to figure out a way a lot of people want to maintain their customers. Andt of customers are loyal trying to help out their favorite restaurants by getting takeout. Just keeping a little bit of the
Movers today small caps again today as they were all week. Transportation stocks Like Airlines as they have been all week bank stocks, industrial stock, energy stocks. All the market leaders this week as well as today whats lower today the peleton, zoom. Slack is down big today. Thats down about 13 . Big cap cyclical stocks. It was all about the reopening story. Stock of the week, boeing, thats not a typo. Up 43 jpmorgan a lot of bank stocks up double digits caterpillar is up double digits overall. Perfect for the reopening story. Remember the three buckets. The big problem we have got, stocks are pricey. We need to see earnings estimates start going up thats what were not seeing so far. Thats wa hat we hope to see in the next month or two. Now to the bond market where the tenyear is surging back to gas. Rick is tracking the action this afternoon. Rick its amazing. 92 basis points. Were up ten basis points on today. Were up close to 30 on the week as you see on the intraday chart. If y
Where does this leave us pete, good time to answer that question i think our viewers, investors everywhere are wondering we had this big comeback weve had a bit of unsettlement in week. Now what yeah, i think we have reached a point now where theres been some pull back and everybody is looking for that opportunity those that have missed a little of some of these moves youre look for something. We had a huge range. We started to change the what we have been seeing which is contracting range and that sell off late day im surprised we havent seen an acceleration to the downside i think theres nervousness in terms of a lot of things the retail number we knew about. We knew it was worse than we anticipated. Thats a big deal. You look at the smh. Thats a great reflection of what im talking about they are hammering those stocks. They have absolutely hammering those stocks today josh brown, what do we do with the fangs what do we do with the chips fang stocks have had such a great run. Today w