Have a small declines for both small cap and energy and some of those other cyclical sectors. Taking a bit of a break today. Maybe we earned a bit of calm after the storm. Thank you for the update. Affordable care act really got attention yesterday. First, in the challenge to it in the Supreme Court of the united and then from president elect biden who said hed improve, not replace, obamacare. President elect biden well ease headquarter on you and your family. I promise you that. As i said, ill protect your protect it like i like its my own family. Weve been unfortunately consumers weve been significant consumers of headquarter. That starts on building on the Affordable Care act. A dramatic expansion of headquarter coverage and steps to lower headquarter costs. David we welcome one of the arc Affordable Care act, jonathan gruber, professor technical nd assistant to the Obama Administration helping draft the legislation what became the Affordable Care act. Professor, thanks for being wi
Weakness. We had massive Dollar Strength in the last few weeks, given the funding issues, and everyone just wanted hands on dollars. The fact that that is easing a little bit could give us some hope that may the funding issues have worked themselves out. What is not working out is big tex. I was innto this year, san francisco. You had rbc saying google, facebook, top calls for the year on ad spending. It was an election year, the olympics, it was all going to be a huge advertising year. As we know, the olympics were delayed. Facebook coming out and saying they are seeing a big uptick in usage of whatsapp. The demand for news is there, yet it is not translating into ad sales. The first thing you cut when things are tough is discretionary spending, so firms are starting to pull back on some of that advertising revenue. That is why youre getting at uptick in usage, but it is not translating into sales. I wouldnt be shocked if we got a lot of analysts revising after the olympics are delaye
House considering Financial Relief for workers and businesses impacted by the virus. This is what the president said yesterday. We are going to be asking tomorrow, were seeing the senate, well be meeting with house republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief. Very substantial relief. Thats a big number. Were going to be talking about hourly wage earners getting help, so that they can be in a position where theyre not going to miss a paycheck all right jim, we have a presser at 5 30, but right now dont expect specific proposals i think theyre mulling over some things. Theyll give direct support to workers, which is fabulous a lot of workers live hand to mouth. Theyre coming to work even though she shouldnt because theyre sick and this is a great holdover Small Business loans, they can expand that greatly. We have a lot of money coming into the treasury. They can waive the interest and penalties for people who file exte
The u. S. Federal reserve cuts Interest Rates for the first time in over a decade. President trump tweets his t spleasure it doesn far enough for him. The first night of democratic debate in detroit was a battle for the direction of the democratic party. Now it is time for round 2. Sen. Warren i dont understandd why angoes to the trouble of running for the president of the United States ju to talk about what we cant do and shouldnfor. Laura plus, an unlikely Tourist Destination is pulling in the crowds. Whywn is one ton the austrian alps suddenly so popular . Laura for those watching on pbs and around the globe, welcome td wews america. The u. S. Federal reserve has cut Interest Rates for the First Time Since the financial crisis of 2008. Fed chairman Jerome Powell says the quarter of a point reduction was designed to keep the economy growing for as long possible he start of a longterm cycle of cuts. That has drawn the ire of President Trump, who tweeted, powell t us down. Michelle fle
15 million in eight years. In fact we plant less now than we did in the 80s. Hello and welcome. Im katty kay in washington and Christian Fraser is in london. In the last few minutes the Federal Reserve has done something it has not done in more than a decade cut Interest Rates. Its only a quarter of a point but whys it cutting rates at all . Normally a central bank would only lower Interest Rates when an economy is faltering, not something you could say about the us economy right now. Fed officials describe it as an insurance cut, to keep the us economy on track. But the critics suggest the normally independent central bank is caving in to political pressure from the white house. The president has been very critical of the fed chairjerome powell, and has been demanding this cut since the fed put up the rates last december. Id like to see a large cut and id like to see immediately the quantitative tightening stopped. We expect the chair of the Federal Reserve to speak in the next 30 min