Fears. And companies from roku to Western Digital have been tempering expectations thats hurt sentiment a bit. Gold is at a record high nasdaq set for another record close, comfortably now up a full 1 . Continuing that breathtaking rally, coming up on todays show, the bet on pets. The ceo of the company that makes medicine for pets and l e livestock. And more earnings rolling in today after the bell, including uber, dropbox and t mobile also a first on cnbc interview with mike seifeieve seavert eamon javers has the latest on the stimulus stand offin washington, and phil lebeau is watching the airlines. Start us off with the broader market, mike. Today is a good example of how we are now in a market moment where the threshold for rallies on news is much lower than the threshold for a sell out. Nertsd, the market takes most good news and kind of shrugs off the less good news we got the better than expected but still kind of ugly jobless claims number. That palmback went away. We were fla
Melissa shocking new study out today really brings home the whole argument over work versus welfare and whether or not it pays to get a job. Heres why. You can make more on welfare in 35 states than you would working minimum wage. In 13 of those states, Welfare Benefits which are not taxed by the way, are equivalent of 15. These numbers creating a firestorm of controversy. I spoke to the author of the study, Michael Tanner of the Cato Institute to break it all down. Those numbers are bleak. In new york, it is even worse because you have to adjust, youre not paying taxes when youre getting these benefits. So you have to essentially gross it up for taxes. In new york you would have to learn 21 an hour before tax in order to take home the equivalent of what you would on welfare. It seems like thats an impossible hurdle, to go from a total stand still where youre not working to getting a job that pays more than 21 an hour. Does that create an incredible disincentive to go out to get a job
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