tom: john ryding, thank you for your support.a just noted there is a job atning, 2001 christmas harrods, for a santa. i will show up. maybe i will show up in a liverpool sweater as well. over the years, john ryding has been wonderful in giving us perspective on this strange economy. coming up here with futures up six, the only one on the planet who has not begun their --istmas shopping except me bloomberg opinion commonest barry reynolds will join us to keep perspective unsuccessful investing. lisa: you did not successfully do the shopping? tom: you go out, wander over, get a small trinket here and a small trinket there. we were done shopping by 2:00 p.m. lisa: you are not. honestly, you always do a good job. tom: we will see. sterling, we are watching. stay with us. caroline: republicans are likely to block nancy pelosi's bid for relief checks. that is according to a poll of republican house members. nancy pelosi took up president trump's demand for higher payment to individuals. she wants unanimous consent to increase the payme

john ryding means a lot more saving and a big hole in the budget i don't think it means that much in the way of actual aggregate demand ryding doesn't think they can push up their goods purchases a whole lot more he would prefer to send bigger checks to the unemployed or extend unemployment benefits beyond march and he worries about the possible inflationary effects when the economy returns to potential and then jefferys says the estimate of 1.5% gdp but it boosts gdp by 0.8% here's the up side the world says it doesn't matter right now. it may help the deficit by increasing demand. it helps those who have fallen through the cracks in the existing benefits system and it could speed up the recovery. david mericle of goldman sachs says this money can go out more quickly and maybe get to people who otherwise wouldn't get help. austan goolsbee said targeting lower income people and at risk groups like the unemployed would be better, but compared with not doing anything, a scatter shot is better than no shot it's clear the economics for these checks are not as clear as they were back in t