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Across this nation and worldwide. In morning on bloomberg television. Coming up, an important conversation with the vice chairman of the Federal Reserve system, Richard Clarida of columbia university. Jon, were way out front on the collapse of the United Kingdom suffered on the pandemic. But the bombshell you and i didnt see was the Prime Minister taking this Natural Disaster out to march of next year. Jonathan and maybe beyond. We certainly didnt see that in march 2020. We had three months of happy talk around europe versus the u. S. Many people have come on the program and talked about it. The data is not great either this morning. The service data softer than people expected. Manufacturing data ok. Do we ....
Summer friday. Really extraordinary, like the thunder south of manhattan overnight. The thunder out of washington. I know we are talking china, but the republicans simply went down in flames yesterday. No other way to put it. Jonathan it doesnt look good not having a deal before the weekend. You need some kind of agreement within republicans for the weekend. We might not see it until monday. Not just the size difference between republicans and democrats. If it is just size, we can work some thing out. But if its concepts, we got a struggle. I think weve got a struggle on enhanced on it limit benefits. If this economy and the recovery is still constrained and people cant go back to work because these industries cant normalize, then you have got to have a tradeoff. If you want to remove those benefits, here is the tradeoff. You are going to have softer consumption through summer. Tom and big business this week, you see it in diminished revenues. It is a number you could never imagine. Th ....
captioning sponsored by wpbt susie: good evening everyone. a new day and new deal for europe, but it s still not perfect. european leaders wrapped up a crucial summit agreeing on a plan to resolve the debt crisis. all of the european union countries agreed on the historic treaty. but tom, britain refused to go along. tom: susie, britain didn t want to give up economic control to a central european authority, but the agreement would bring other eurozone countries together to coordinate economic polices. here are the highlights of today s deal: it imposes tougher rules on government budgets, such as cracking down on overspending. there are automatic penalties for countries whose budget deficits are more than 3% of their economies. also, the eurozone countries agreed to contribute nearly $300 billion to a bailout fund to rescue troubled countries. susie: wall street liked the plan, but there are concerns that s&p could still downgrade the credit ratings of 15 eurozon ....
captioning sponsored by wpbt susie: good evening everyone. a new day and new deal for europe, but it s still not perfect. european leaders wrapped up a crucial summit agreeing on a plan to resolve the debt crisis. all of the european union countries agreed on the historic treaty. but tom, britain refused to go along. tom: susie, britain didn t want to give up economic control to a central european authority, but the agreement would bring other eurozone countries together to coordinate economic polices. here are the highlights of today s deal: it imposes tougher rules on government budgets, such as cracking down on overspending. there are automatic penalties for countries whose budget deficits are more than 3% of their economies. also, the eurozone countries agreed to contribute nearly $300 billion to a bailout fund to rescue troubled countries. susie: wall street liked the plan, but there are concerns that s&p could still downgrade the credit ratings of 15 eurozon ....