in sydney, i. >>> steve mnuchin says white house officials are open to resuming talks with congressional democrats as they look to break an impasse over a massive new stimulus package mnuchin did not say when the negotiations would restart, but claimed the trump administration was willing to green light more fiscal health for the economy. >> the president is determined to spend what we need to spend the 3 trillion we've spent, plus a trillion dollars more. that's about 20% of gdp. that's absolutely historic, and we're prepared to put more money on the table >> senate minority leader chuck schumer also said he would be willing to resume talks urging the white house to make compromises to help reach a deal. >> the only way to crush the virus and truly protect american working families is to pass a comprehensive bill in congress that is equal to the challenges facing our country democrats remain ready to return to the table we need our republicans to join us there and meet us halfway and work together to deliver made relief to the american people. the president, his aides, his party in cong

top negotiators, house speaker nancy pelosi and treasury secretary steve mnuchin join us exclusive. we begin with speaker pelosi, speaker, both sides said yesterday's meeting was the longest, most productive one you have had including secretary mnuchin, so tell us what progress was made and broadly what sticking points remain. >> thank you so much for focusing your opening on the actual virus. because in our negotiations we're talking about dealing with some of the consequences of this pandemic. but the fact is, we must -- we must defeat this virus. and that is one of the points that we still have not come to any agreement on. in our legislation, the heroes act, we have a strategic plan for defeating the virus, testing, tracing, treatment, isolation, masks, sanitation and the rest, and we just still haven't come to an agreement, we started this march 4th, our first bill was testing, testing, testing. our most recent big bill with the expansion of the ppp was about testing, testing. it still has not been implemented by the administration. if we're going to open our economy and have ou

. >> chief of staff mark meadows, secretary of treasury steve mnuchin have been on the hill many, many days now trying to get this deal worked out but it is democrats, nancy pelosi, chuck schumer making an absolute mockery of this process. rather than coming towards us into a clean extension of unemployment insurance, they are moving beyond what their initial request was. >> john: we are waiting from a possible update from both sides. in the meantime, kristin fisher live from the north lot of the white house, good afternoon. >> good afternoon, john. this is becoming an almost daily occurrence for the top negotiators. mark meadows in the treasury secretary, steve mnuchin, but today president trump stayed over here at the white house, hosted a big bill signing ceremony in the east room for the great american outdoors act, while the top republican and democrat in the senate traded barbs and you know, given the amount of money involved and the amount of americans impacted, i asked the white house press secretary during the briefing why president trump is not more personally involved or at

on the other side, what steve mnuchin just said is that he wanted the democrats to make an offer aboutof money that the democrats are rowe posing for state and local government. democrats propose the a trillion dollars for state and local governments, far more than what republicans want to propose. they're asking for an alternative amount of money and also asking for an alternative for the expired jobless benefits at $600 a week that so many people are waiting to see what will happen. the republican -- the administration's resisted extending that $600 a week. they've asked democrats to come back with a counter offer to that. they say the democrats have not proposed a counter offer so what does this all essentially mean? it means that the talks are essentially over at the moment. they are not planning any additional talks. the administration will try to move on some of the issues administratively. it is unclear exactly how much they could do. steve mnuchin suggested it would be an executive order about student loans, something involving jobless benefits, as well as trying to extend that

they were followed by an update by steve mnuchin and mark meadows. here's a look. >> thank you for coming. thank you for coming. it was a disappointing meeting. terms, we cameur down, they went up op number, whs $1 trillion, so we could meet in the middle. unfortunately, they rejected it. muchsaid they could not go above their existing $1 trillion and that was disappointing. the bottom line is very simple. there were only really two choices. choice one, negotiate for them. only two choices for them, negotiate with democrats and meet us in the middle. don't say it is your way or no way. if we can do that, we can accomplish a whole lot of things. them --r choice, is for by their own admission, not close do as good, it does not cover opening up schools, it does not cover testing, it does assistance oral elections or so many things, a long list, i could go on and on. them again to be fair, meet us in the middle, not to have a my way or the highway attitude, which they seem to have, and get this done because there are some areas where we did not come to a

steve mnuchin also weighing in.s been saying for some time, we need a deal, but it may take longer. we are at the point of being close to a deal, but we did try to agree to set a timetable that we are going to reach an overall agreement by the end of this week so legislation could pass next week. that is good because unemployment benefits at the federal level have expired. the eviction moratorium has expired. goes on august recess at the end of the week. there is a lot of pressure on. chuck schumer, who is the leading democrat in the senate, he appreciates the gop concession. they still agree -- they still disagree on the depth and scope of the solution. one trillion is the goal for the republicans. 3.5 trillion for the democrats. speaker pelosi sang tonight we will have an agreement. mitch mcconnell acknowledging republicans internally within the party do not agree with a lot of the things out there, but he says he will support whatever the white house and democrats can agree on. president trump said earlier he sup

here is steve mnuchin on abc talking about that. yale study from this month refutes that saying many economists who studied the benefits said that so far they don't see any evidence in labor market data that the payments are affecting the rate at which people are returning to work during the pandemic. >> i went to yale, i don't always agree. there are cases where people are overpaid. there are cases where people are underpaid. the issue is we need to come up with an agreement to extend this. >> i talked to a guy this week that owns three restaurants saying he is having a tough time getting employees to come back on board. >> i agree with that restaurant worker. people should not be paid more to not work than they can get at work. but right now in addition to unemployment insurance that people get, there is a $600 a week bonus check on top of that. so 2/3 of workers, trace, right now are getting more for not working than they would if they went back to work. i see help wanted signs all around wyoming this past weekend. nancy pelosi w

. >> chief of staff mark meadows and treasury secretary steve mnuchin say talks with congressional democrats have been productive but they are still far apart on a deal. >> do you think the president needs to be more involved? >> the president is incredibly involved. >> but he's been golfing this weekend, do you think he needs to hold a meeting here at the white house? >> let me comment. >> i think mark and i spoke to the president something like eight or ten times yesterday. the president, wherever he is, is available round-the-clock for us. and let me just say, you know, i may go biking later today. so i hope everybody doesn't say why am i going biking and getting some exercise and i'm not on the hill negotiating. >> we all know how negotiations should go. there has to be true back and forth. >> democrats say any extension of unemployment benefits should be part of a sweeping package similar to what the house passed in may. republicans and the white house favor a short-term extension of the weekly payment to allow more time to negotiate. >> we had been for the $600. they have a $200 propos

house speaker nancy pelosi laid out her terms and steve mnuchin said it was a non-starter. not a huge surprise when they didn't have a deal. here's what nancy pelosi and chuck schumer said about it. >> it was a disappointing meeting. they rejected it. they said they could not go much above their existing one trillion dollars. >> i said come back when you are ready to give a higher number. >> what is happening is the democratic leadership is saying that the white house is not willing to spend enough money in this phase-4 stimulus package and the white house says the democrats are trying to spend too much money. about 2 trillion dollars. here's what the top 2 negotiators for president trump meadows and mnuchin said when they walked out moments ago. >> what they want is a 2.5-trillion dollars blank check. i can just tell you the president has encouraged us not only to negotiate and to come back and negotiate in good faith. at this point, i am extremely disappointed we came up here today just to hear the same thing repeated over and over again which is the same thing we heard f

. >> kennedy: mark meadows and steve mnuchin are on the hill, gillian, in the beautiful building behind you. they have a monumental task. nancy pelosi has said the democrat and republican bills are a draft and flamingo and they cannot mate. so mark meadows and steve mnuchin has to perform wizardry, what kind of task do they have ahead of themselves this week? >> that is the problem. coming out of marathon meetings, both sides were telling us they were making progress, they are getting closer to some kind of deal, we all know by heart now what the two sides disagree over, the payroll tax cut is one that the governor just mentioned. another is reopening schools. another is liability protection for businesses and another is weekly checks for americans. we haven't heard one issue that the two sides have come together on over the course of the last two weeks that they agree on. i can't name one. i don't know if you can. maybe that $1200 initial check to some americans could be a point of agreement, but who does it go to? when do they get it? americans need something to hang their hat on, a p

speaker nancy pelosi, chuck schumer as well as mark meadows mark meadows and treasury secretary steve mnuchin who also happen to be on capitol hill negotiating this new stimulus bill. >> dana: it is a busy day there. president trump responding to joe biden, saying on this program yesterday that her husband will debate. >> that's right, president trump has expressed some concerns about the fact that because of all these mail-in voting, the surgeon mail-in voting that is expected, he wants the state of the debates, the date of the first debate to be moved up i give of it. joe biden has not shared that concerned but as you can confirmed on your show yesterday, the former vice president's wife confirmed that her husband is going to be there for all three debates and joe biden just said this. >> i'm so looking forward to have an opportunity to sit with the president or stand with the president in debates. there can be plenty of time. >> the one problem i have come of the debate is very late, it's at the end of september and a lot of ballots will already be cast by that time. the first debate shoul

and we are also learning the president trump, yvon petrone, and steve mnuchin all donated to harris'ast campaigns. let's bring in ronald mcdaniel, republican national committee chairwoman. thank you for talking to us. >> thank you for having me. >> julie: the president has said in the past that kamala harris would be a fine pick. now backing out on that and saying that she is a dream opponent. what changed? >> i'm sure the president was going to say that, because he wanted to go up against kamala harris and he is thrilled that joe biden has picked somebody so radical, so far left and extreme san francisco liberal to run with joe biden. it just shows that the democratic party has thrown away the moderate wing of their party and is for the green new deal, getting rid of energy independence, raising taxes on 82% of americans, in the list goes on and on and on on the extreme proposals being put forward by joe biden and kamala harris. >> julie: will this line of attack, calling her a phony work? do you think? >> i do. i take it as a woman. joe biden made a very clear, i'm going to pick a

steve mnuchin, mark meadows and others met for a round of negotiations. he is prepared to take unilateral action if negotiations continue to stall. >>> coming a, millions of people unable to make the rent. the coronavirus pandemic and what's being done to prevent a way of evictions. >>> and we have take a look at the weather forecast. cooler out there and lots of fog. you spoke. we listened. tiny tacos are back for good! grab a box of 15 or try them loaded. get 'em now with no contact delivery. grab a box of 15 or try them loaded. reinventing. it's what with comcast business, your small business can work faster, with powerful internet from the nation's largest gig-speed network. work safer, with all your connected devices automatically protected by securityedge. and work anywhere, with comcast business at home, our new business-grade internet solution for remote workers. whatever your business needs, comcast business has the solutions to help you not just bounce back, but bounce forward. call or go online to find out more. want restand schools?pen? want t

instead of being involved himself, steve mnuchin, mark meadows -- in charge.think he has gotten tired because there's no deal yet. ich mcconnell also saying will agree with anything the white house and democrats can agree on. a lot of republicans will not. probably 20 of his members will not and that is another reason why they need democrats on board. remember, mcconnell has extended -- the negotiations will stay there. tomorrow is today they are supposed to leave. it will be interesting to see how the president handles this. if there no agreements by friday, he's going to have this announced. shery: washington will be laser focused. kathleen: especially after the jobless claims came in better than expected. to 1.19 million. you look at a chart, you might be able to see, if you squint a bit, even at that level, -- the best level since march. but the 249,000, that decline is actually about the average that we saw for years in jobless claims, so it is better but it is still awfully high. let's head onto payrolls and what they will do because this is a big focus

. >>> next week treasury secretary steve mnuchin is testifying before the house select subcommittee on the coronavirus and the national crisis it is facing. it's the first time mnuchin appears before congress since those relief negotiations stalled, and he is also expected to be pressed on his role in the slowdown of service at the postal office before the election. nbc news reports that mnuchin held a series of one-on-one meetings with members of the postal service board of governors and was influential in installing the postmaster general. joining me is andy kim. thank you for joining us this hour, congressman. let me get your thoughts and intentions on what you're hoping to learn from steve mnuchin next week. what's the number one question you want answered? >> well, i want to hear from him the same level of urgency that i'm hearing from people in my district about the economic situation and the hardships that they're facing. i continue to hear the secretary talk about how the economy is getting better, markets are getting better, but that's not the reality that we see on the ground

nancy pelosi is meeting with steve mnuchin any moment for more talks >>> a big loss for the quarter and massive marketing cuts investors are sticking with booking holdings we'll speak with the ceo ahead >>> trump tackles chinese tech main street says no thanks to the fed and ready to take on their industries dom chu with the numbers >> the confluence of numbers and the economic data is why you're seeing modest losses for the indices here we're trying to figure out why the market is at near record highs for most indices the s&p hovering above 3300, off about 2/3 of 1%. it has been the upper performer as of late what's happening with retail stocks specifically? not necessarily the large cap ones, but the spider retail ticker is up in an otherwise down day this also treats some of the smaller retails on the same level as some of the bigger ones out there. this has been a 93% run since covid, and this etf, six straight weeks of gains so far and the stocks of the day, plural, look at transportation specifically ups and fedex both of those shares higher today after ups says, kelly, it's going

and steve mnuchin, our reporting shows, followed this process, the selection process very closely, asked for updates repeatedly and kind of suggested to folks if not louis dujoy in particular someone who might be in that -- cut from that same cloth, a private sector person who would push these types of reforms. >> ken, we appreciate your reporting on this, you and your team at "the new york times." ken vogel is a reporter for the "new york times." >>> joining me now is democratic congresswoman robin kelly of illinois. she's the chair of the black caucus brain trust. she's part of the house oversight committee. on a personal level, congresswoman kelly's mother was a postal worker and her brother works for the postal service so, congresswoman, you are uniquely connected to this, as are many african-american families. in fact, a disproportionate number of african-american families are connected to the u.s. postal service. it's been a real ladder into the middle class for a lot of them. >> definitely. my mother is no longer with us, but she worked for the post office. she was a mail clerk an

on capitol hill, the speaker, senate minority leader chuck schumer, steve mnuchin and whitehouse chief of staff met for another round of negotiations. democrats say their focus is on reopening the economy safely. republicans accuse the democrats of playing politics. >> the democratic leader continue to say our way or the highway. >> the virus is the villain. we can open the economy, we can open the schools, but we can only do it if our children and families are safe. >> pelosi says her party wants to maintain unemployment benefits, while the jobless rate remains high. the president says he is repaired to take unilateral action if discussions continue to stall. >>> hurricane isaias hit north carolina as a category one hurricane before it was downgraded to a tropical storm. these are live pictures of that big storm. almost 270,000 north carolina customers lost power because of the storm. this morning, a hurricane warning is in effect for most of north carolina. one reporter has the very latest. >> reporter: is a yes made landfall late monday night. it touched down near ocean isle beach.

in fact, we are expecting to you sometime this hour from steve mnuchin. mitch mcconnell. nancy pelosi says that they talked a lot about cost and numbers and what it would cost to reopen the schools. listen. speak on our discussion has to be on how we defeat the virus, and that takes policy. the virus is the villain. we can open our economy. we can open our schools, but we can only do it if our children and our families are safe. and opening our schools is a place where we spent a great deal of time. >> this is why working out an agreement in august is so crucial. extra benefits last coming in many schools are trying to open in a few weeks. chuck schumer is say says they n evaluating how many can reopen with additional safety precaution, but the figures that democrats want are just too large for many republicans. they are pushing for about $3 trillion, and some republicans don't want to do anything at all. mitch mcconnell blamed democrats for not re-upping the extra unemployment. >> even democrats new speaker pelosi's bill -- but now with the additional unemployment benefi

. >> right now secretary steve mnuchin and mark med dose meadows are meeting with nancy pelosi and chuckchumer trying toe end the stalemate on stimulus. we'll give you any details on any deal. calls for joe biden not to debate president trump. how can people cast a ballot without knowing how the candidates stack up? liz peak will sound off at 2:25. and you do not want to miss that. we'll be right back. my name is christine payne, i'm an associate here at amazon. step onto the blue line, sir. this device is giving us an accurate temperature check. you're good to go. i have to take care of my coworkers. that's how i am. i have a son, and he said, "one day i'm gonna be like you, i'm gonna help people." you're good to go, ma'am. i hope so. this is my passion. if i can take of everyone who is sick out there, i would do it in a heartbeat. if i you say the customer's maklet's talk data.s., only xfinity mobile lets you switch up your wireless data whenever. i accept. 5g, everybody is talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next

>> you heard senator schumer there saying it was the most productive meeting and steve mnuchin has said the same thing. everyone said it was very constructive, but there is no deal. they make very clear that they're a long way from any kind of actual deal. i think they know where each side stands. a lot of these issues -- it's a long-term deal versus a short-term fix. the republicans had wanted a short-term fix, but nancy pelosi had said, no way. we want a large relief bill, and we want the whole thing done at once, and at the heart of this is that $600 which you have been talking about, whether they continue that $600. many republicans said they have just gotten enough money out there already, and that people should be okay, and it's a disincentive to work they believe. and for republicans, this liability protection for businesses and schools. mitch mcconnell said they have to have that. that's his red line, the liability insurance meaning protection, meaning they can't face any sort of lawsuits because of coronavirus. >> so much riding on this. lot of people counting on that cash. let

of many and i will tell you up here on capitol hill lawmakers met with the treasury secretary steve mnuchin and the white house chief of staff mark meadows on saturday for roughly three hours and while they said it was the most productive discussions they had they were still nowhere near a deal. at the end of this week we expect that the senators are supposed to go on recess, whether or not that actually happens is still an open question. just to underscore it's not just unemployment benefit sticking point but including whether or not to give states and local governments more money. democrats argue they should get another trillion dollars, republicans arguing they don't need another penny but give them more flexibility and additional arguments of whether or not to include liability protections for businesses, for schools, for restaurants. that's a red line for majority leader mitch mcconnell and something that democrats argue they don't want in this bill but it goes to show that there are numerous issues coming to why democrats and republicans can't come together. there's a fundamental disa

before i lose you, i have to show you, steve mnuchin for a quick krugman fact check, he's out there.he zombie ideas he's pushing. take a listen. >> as i've said previously, we believe that the tax cuts will pay for themselves. >> this will pay for itself with growth. >> will more than pay for the tax cuts. >> is that true? >> no. it's not true. if there were things i would never have predicted, it is that steve mnuchin has turned out to be the voice of reason. compared with kudlow, with peter navarro, he's the person who seems to almost sometimes be making sense. if we do get any deal, it will be pelosi and mnuchin and somehow or other, all these other crazy people will be pushed aside. he is clearly not one of the smarter -- well, he made a lego movie. he's better than anybody else in this administration which tells you a whole lot. >> well, there's the old country line from the guter to you is not up. so i suppose in any group of business economists, it would be a question of who is in the room. we appreciate your insights here. i remind everyone in the book, arguing with zombies,

reporter: jackie, meeting between treasury secretary steve mnuchin, chief of staff mark meadows and nancy pelosi and chuck schumer. this is a classic washington standoff here. the difference is people's lives and ability to pay rent or keep their homes is weighing in the balance. listen. >> atmosphere is much more partisan than it was back in march and april. that much closer to the election. so i don't think the definition of success here is whether we have a unanimous vote. i think the definition of success is the product that something that will actually make a difference. reporter: republicans tried to extend unemployment benefits, two attempts blocked by democrats. democrats want the senate to pass the $3 trillion heroes act. there is consensus something needs to be done especially with the extra unemployment insurance and help on halting evictions. secretary mnuchin has more proposals he is dropping off for the democrats. it is a much broader bill, what they would like to see. are they prepared to go for executive action? both mnuchin and meadows said both of those, yes. they're pre

>> house speaker nancy pelosi previously negotiated deals with the secretary of the treasury steve mnuchin wild card is mark meadows, the new chief of staff. nancy pelosi takes offense and feigns ignorance of his name. >> this is a conversation only to respect the fact that the president's representative, not even the lead negotiator, that would be steve mnuchin, we consider whatever his name is, what is his name? meadows as staffing mr. minh nguyen. >> if there is a deal, it would be a chance for a big build government shutdown one a month from now, or you have no coronavirus bill and a government shutdown during a pandemic. dana. >> dana: people need help while they bigger, thank you, chad. steve bannon us had to go to trial next spring on fraud charges, he is accused of using money meant for the border wall on himself. aishah hasnie has more on this from news york -- new york. >> yes, set for may 24th pending any covid concerns, all four codefendants have been arraigned and pled not guilty. and of course bail has been set at the lead defendant to retired air force veteran brian coppage

nevertheless, steve mnuchin said he is still willing to sit down with democrats at any time. it's just unclear what he'll have to say. and finally, not good news. a new report from the american academy of pediatrics shows the number of children diagnosed with coronavirus jumped 90% in the last month. the number of confirmed cases among children is now close to 400,000. however, it is not clear what role increased testing has played in such a dramatic increase. the most important thing is that we know how many people have it. and we have to figure out what we're going to do. speaking of kids, kids are getting tested, my colleague vaughn hillyard is at the university of arizona where students, not exactly kids there, started getting tested this week. vaughn, everybody has been asking how you get college kids back on campus during this pandemic. how are they trying to do it there? >> this has got to be the oddest orientation yet for colleges across the country. not only here at the university of arizona, but across the country, you're seeing universities and colleges attempting

steve mnuchin saying he is open to it, but he has taken these executive actions.u get him back to the table and get the white house there to get the kind of deal you would like to see? >> i think it's really the people of america are going to speak loudly and they already are. you went through the numbers of polling for the president. he's doing terribly because people see that there is no leadership. but these republican senators are going to have to step up because many of them are in tough elections. they're going to go back to their districts and hearing from their constituents just like i am. this is not something that is only hitting blue districts. this is red and blue states and these republican senators are hearing the desperation. so, it's now going to be up to them to say, all right, kids, mr. mnuchin, mr. meadows. get back to the table and do what is right for the american people. >> the "new york times" reports one of your colleagues and one of your democratic colleagues from new jersey on a call for caucus members over the weekend. democratic caucus

i have spoken to steve mnuchin. i have spoken to other people but i have not -- no contact about the postal service. >> did you not tell the board of governors in august that you have had contact with the trump campaign to ask them to stop their attacks on the postal service and voting by mail? >> i have put word around to different people that this is not helpful to -- >> so you did have contact with the trump campaign for a good purpose? >> i'm trying to think of where -- the trump -- when you say the trump campaign, i have not spoken to trump campaign leadership in that regard. i have spoken to people that are friends of mine that are associated with the campaign, yes. >> one of whom was steve mnuchin? >> he's secretary of treasury. >> i know. >> yeah. i never spoke to steve about telling the president to not do something. >> i thank you, mr. dejoy. >> the gentleman's time is expired but you may answer his question. >> what was the question? >> the question was, what conversations did you have with the secretary

steve mnuchin, mark meadows, nancy pelosi. mitch mcconnell has been absent from these conversations. he set up the procedures that will allow him to pass something next week, but you know, that's really the wild card here. what are senate republicans going to do? because there is a lot of politicking behind the scenes that's driving their decision making. fundamental fundamentally, they're concerned about being seen spending too much money, but mcconnell's hand is, if anything, likely to be forced in the end, especially if president trump says i want this done, katy. >> we're going to keep an eye on that, kasie hunt and shannon pettypiece, thank you very much. >> the united states continues to report tens of thousands of new coronavirus cases across the country every single day. public health officials say the virus is spreading rapidly, and no city is safe, no matter how remote or how rural. here is dr. deborah birx over the weekend. >> what we're seeing today is different from march and april. it's extraordinarily widespread

treasury secretary steve mnuchin, though, later tried to walk back those comments from meadows.hile, earlier today, house speaker nancy pelosi said she is still optimistic. listen. >> we have been making some progress, proceeding in a positive way. we are not there yet. i have said i see a light at the end of the tunnel. we just don't know how long the tunnel is, but we have to move more quickly, because the light at the end of that tunnel may be a freight train of the virus coming at us if we do not act to contain it. >> gillian: president trump is floating unilateral action, meanwhile, on eviction protections, extending enhanced unemployment benefits, and a payroll tax holiday. americans nationwide are sort of reaching their boiling point with frustration over congress' inability to get something done. ari, one thing i was thinking about early this morning is, what is to stop president trump from just saying, "you know what, everybody on the hill? get over here," sit them down in the oval office, and say, "no one's going home until we have a deal." >> ari: because that never w

there is disagreement between steve mnuchin, the president, and poor larry kudlow who can't completewithout contradicting himself on this subject. they can't explain what's going on. they can't explain how the payroll tax situation will be handled with the deferred payments there. so they've got to figure that all out. and then there's the legal matter or the constitutional matter or the internally consistent matter politically speaking, mj. i'm going to read you a tweet from president trump, mind you, when he was then just donald trump. this was from 2014, november 20th. he says, republicans must not allow president obama to subvert the constitution of the united states for his own benefit, because he's unable to negotiate with congress. now, he was talking about daca then, but it's the exact same situation, because he was unable to negotiate with congress. so, condemning president obama then, doing it himself today. >> right. i mean, this is another example of something that president trump, according to his own words or tweets in the past, would have condemned this kind of action.

yet today, you have got over 100 ceos, business leaders that i assure you, steve mnuchin likes thoses leaders and they're saying, wake up, government. if you do not do something to actually help small businesses that are at risk of closing forever, we're going to lose the heart and soul of american business. will a letter like this do anything to impact what guys like mark meadows and steve mnuchin are saying and doing today? >> look, howard schultz may want to put on another pot of coffee and wait. right now these two sides are incredibly far apart. and you talk about the scale of this. the unemployment benefits, that extra $600 a week is one of the sticking points. we're talking about trillions of dollars. that's thousands of billions of dollars in government spending here. so that's really only one small element of the problems that are continuing to bubble up in these negotiations. not limited to that, to the money for state and local governments. republicans want to give those municipalities more flexibility to spend money they've already gotten. they don't want to send them mor

democratic lawmakers met with steve mnuchin and mark meadows. the trump administration is willing to extending the now expired $600 weekly unemployment benefit at least in the short term but is opposed to state aid and assistance to renters and homeowners. >> we discussed both the issues we agree on and issues we don't agree on. i would characterize this as there's still a lot of work to do. >> it was a productive discussion. now each side knows where they're at and we are going to work very hard to come to an agreement. >> the group has spent days trying to reconcile priorities for another round of stimulus funding. they'll meet again on monday. >>> half the country is seeing a rise in deaths and positive cases of covid-19. 33 states and puerto rico are reporting an increase in deaths. florida broke its record of daily deaths for the fourth straight day today, and this comes at a particularly bad time for the state, which has been forced to shut down testing sites prepare for hurricane isaias. at least 25 states have reported a rise in positive

progress on a deal between the white house republicans and democrats on a 50 emergency aid bil steve mnuchins he will recommend president trump take executive action. joining me now is the chief economist at grant thoin chicago. thank you so much for being with us, diane. lagiven thr market lost mental last month andow we are seeing more shutdowns in certain next month? worst for >> it is actually. we are very concerned about the overwhelming majority of those payroll protection plan loans actually expire in august. one survey out ofornell sugges as many as four out of 10 workers covered by the ppp loans actuay are not working right now. they are being paid but not woing, so when the fun run out, those workers will be among the first to be cut, which means we could see some actual decline in august or september. so this is a very mixed bag. we still have a very high level of u benefits that expired last weekend, that is $18 billion a week no longer in consum pockets that we are going to pay the basics of food and shelter. in fact, we are facing the worst food insecurity and thomelessness sin

negotiations on capitol hill, certainly his chief of staff mark med douse and his treasury secretary steve mnuchin are negotiating on his behalf but that is not an active president involved in these talks, they're trying to use whatever political muscle or capital he may have at the white hou house. in past crises for the government, the shutdown i'm thinking of at the end of 2018 and other instances was very involved in day-to-day conversations with legislators. he's been an absent leader. >> i'd love your thoughts on the breaking news that new york governor cuomo has given a green light for district to district decisions on school reopenings for in-person learning in state of new york. >> yeah, nicolle, it's top of mind for everyone and if you look at the numbers, new york, you know, has had only a handful, hundreds of new cases per day, and a very low positivity rate. so those are ensuring signs but this kind of coupled with, you know, we've been seeing emerging scenes around the country of private schools, children who aren't wearing masks and more importantly the kind of passionate voices of

yesterday house speaker nancy pelosi and chuck schumer met with steve mnuchin and white house chief of staff mark meadows. both sides say they agreed to a series of concessions but they are still far important on important issues. a $600 weekly benefit that helped millions of unemployed workers expired last friday. >>> in developing news, there are new details in to what may have caused a massive explosion in beirut. jobina is at the live desk with the latest on this. >> and this is absolutely devastating. more than 100 people are dead and that number is expected to rise. more than 4,000 people have been injured. what you are looking at right now is a live picture from beirut as people begin to see the full scale of the destruction. and it looks gutted right now. the country's prime minister said that warehouse at the city's port was storing 2700 tons of con physical indicated ammonium nitrate, the same explosive compound used in the oklahoma city bombing. the prime minister claims that the chemical was there for six years with no safety measures in place. authorities in lebanon are no

so i look >> treasury secretary steve mnuchin gave an update to reporters after they latest meeting onapitol hill. >> we probably want to social distancing bit because we are going to take off our mass. we met for a little over three hours. on the good news front, we have gone through an exhaustive list of issues. we understand where we are and where they are on a whole bunch of issues. issues there is a lot of we are close to a compromise position on, but there are a handful of very big issues that we are still very far apart. we have decided we will break for the night. the president called several times while we were meeting. mark updated him. we will consult with him again this evening and tomorrow morning. the president's first choice is to do a deal. if we conclude tomorrow there is not a compromise position on the major issues, the president as alternatives and executive orders. his first choice is to try to get legislation that will pass the house and the senate that he will sign that helps the american people. as we have said, we have many priorities. liability, protections fo

expected to meet with chuck schumer, white house chief of staff mark meadows, and treasury second steve mnuchin. meanwhile the number of coronavirus cases nationwide has topped 4.5 million. more than 153,000 deaths. there are signs of hope as two vaccines enter the final testing stage. >>> tonight a positive sign as two vaccines make it to the final testing stage. one of the volunteers for pfizer is a louisiana doctor taking on the risk herself after seeing multiple patients not make it. >> the vaccine is really what offers some hope to try to ends so much of the suffering. >> reporter: dr. anthony fauci testifying on capitol hill saying he feels positive. >> we feel cautiously optimistic that we will have a vaccine by the end of this year. and as we go into 2021. >> reporter: for some, that vaccine cannot come soon enough. students in georgia starting to return back to school. safety measures are in place but masks are not required. >> i have full confidence they have put in all the right calls. >> reporter: at a sleepaway in georgia where car. ers did not wear masks, within one week over 44%

steve mnuchin, the treasury secretary who is for a deal, meaning let's have president trump issue an executive order that essentially forces a divestiture. forget -- it will sound a little different than that, but this is essentially what they want. a divestiture of tiktok's u.s. operations from its parent and then allow 45 days for a company to come in to prove to the committee on for rin investments cfius, that is develops the technology, knows the algorithms, protect user data that is not shared with the chinese communist government. which is why this whole investigation started a year ago, when cfius, the committee on u.s. foreign investments launched an investigation is whether tiktok is an arm of the chinese government. whether it is using its data from u.s. users which has grown very popular for these short videos, gone beyond even like, initially started out with very young adults, my 12-year-old niece loved it, but it has gone into the inflew owners. a comedian, sarah carter, pokes fun at donald trump, does it on tiktok, does it very effectively. that is where this is going.

house held a round of meetings over the weekend though no agreement was reached treasury secretary steve mnuchin says that while there are some areas where the parties remain deeply divided. there are also other areas where they have agreement. the president wants us to get a deal done quickly because this is important to the american people. >>now i would just say across both parties there are different things that are very contentious. the democrats right now are insisting on over a trillion dollars to the state and local governments that's something that we're not going to do to bail out. those states that had financial issues but there's definitely areas of agreement things like that pp pay i think there's enormous bipartisan support things about checks in the mail i think there's enormous a bipartisan result so mark meadows and i will be back there every day until we reach an agreement. >>well the for actions that democrats are demanding in the next package or a renewal of the $600 weekly unemployment payments through the end of the year. rent and homeowner protections. money for state and

treasury secretary steve mnuchin says the parties cannot agree on aid to states and local governmentsnd renewing supplemental employment benefits. >>> when the politics play out in washington, d.c., real stories of hardship continue to unfold. another 1.2 million people lost their jobs and filed for unemployment in the past week. also study from california policy lab says when the pandemic first hit, 80% of californians who filed for unemployment were hopeful that they'd eventually go back to their old jobs. but now that number is down to 61%. >> everybody, despite the very bad news, was harboring some hope that we would be just able to hunker down and defeat the crisis much as some of the european and asian countries have done. now we're, you know, coming to terms with the reality. >> researchers believe some people will have to retrain and look at other areas of work. >>> the damage is in beirut, but the heartache spans across the world. here in the bay area, the lebanese community coming together tonight to grieve and to support the families who lost loved ones in tuesday's explosi

schumer,osi, chuck mark meadows and steve mnuchin have met or spoken by phone every day during the past week, -- those talks have real did yielded few results and rounds of finger-pointing as the deadline to prevent the expiration of a $600 per week federal unemployment benefit passed without an agreement. we want to know what you want to talk about this morning to end the show. your top public policy issues. kevin, callingh from garden grove, california on the democratic line. kevin, good morning. caller: good morning. how are you doing? host: just fine. go ahead. caller: just curious, why are republicans so against abortion? i feel like it is free choice for women, that they should have, and they are so adamant about protecting the second but are worried about killing a baby, i do not think it is any different. host: let's go to deborah, calling from indianapolis, indiana on the independent line. caller: first off, it ain't the president, so it starts at home. you have to go from the house to senate to congress. we have to look at what is going on locally before we can move on. sick -

chief of staff mark meadows, secretary treasury steve mnuchin has been on the hill, many, many days trying to get this deal worked out. but it is democrats, nancy pelosi, it is chuck schumer that are making absolute mockery of this process. rather than coming towards us and do a clean extension of unemployment insurance, they are moving beyond what their initial request was, $3 trillion. then they move to $34st trillion. they wanted $100le with for -- $100 billion for schools. we offered $105 billion to which they rejected. they are making a mockery of this process this. president has been clear. he's ready to act on this. it is of paramount importance to him. again -- reporter: why would you re dakota -- press secretary mcenany: they are making a mockery. reporter: if you don't want to -- with regard to the exec testify orders the president said yesterday he health care plan by the end of the month and also an immigration plan by next month. does the white house feel a sense of pressure to get everything on the president to do it before november? press secretary mcenany: no. the president

expected to meet with chuck schumer, white house chief of staff mark meadows, and treasury second steve mnuchin. meanwhile the number of coronavirus cases nationwide has topped 4.5 million. more than 153,000 deaths. there are signs of hope as two vaccines enter the final testing stage. >>> tonight a positive sign as two vaccines make it to the final testing stage. one of the volunteers for pfizer is a louisiana doctor taking on the risk herself after seeing multiple patients not make it. >> the vaccine is really what offers some hope to try to ends so much of the suffering. >> reporter: dr. anthony fauci testifying on capitol hill saying he feels positive. >> we feel cautiously optimistic that we will have a vaccine by the end of this year. and as we go into 2021. >> reporter: for some, that vaccine cannot come soon enough. students in georgia starting to return back to school. safety measures are in place but masks are not required. >> i have full confidence they have put in all the right calls. >> reporter: at a sleepaway in georgia where car. ers did not wear masks, within one week over 44%

i've spoken to steve mnuchin. i have spoken to other people, but i have not -- i've had no contact -- i haven't spoken to anybody about the postal service. >> did you not tell the board of governors this month in august that in fact you had had contact with the trump campaign to ask them to stop their attacks on the postal service and voting by mail? >> i have put word around to different people that this is not helpful to -- >> you did have contact with the trump campaign. for a good purpose. >> i'm trying to think of -- when you say the trump campaign, i've not spoken to trump campaign leadership in that regard. i've spoken to people that are friends of mine that are associated with the campaign, yes. >> one of whom was steve mnuchin? >> steve mnuchin's secretary treasury. >> i know. >> i never spoke to steve about telling the president to not do something. >> thank you, mr. dejoy. >> the gentleman's time is expired, but you may answer his question. okay. >> what was the question? >> i'm sorry. the question was,

that's the latest from steve mnuchin.he two sides remain far apart on issues that appear to be moving closer to an agreement. any vote on a deal would likely not happen until next week. shepherdson.w, ian always great to catch up. thank you for coming on "bloomberg: surveillance." when you look at the steps we are making towards stimulus in the u.s., how important is it we get something sooner rather than could even if the amount come short of some expectations? remember, the enhanced unemployment benefits, the extra $600 week given to about 30 million people since the pandemic began, they expired july 31 so now, we are in an interim at the least for a lot of people who have been relying on money to pay the mortgage, car payment,e the credit card payment, buy food, everything. without enhanced benefits, those people are seeing an enormous cash flow drop right now and it is imperative congress get its act together before the recess in order to restore at least some of that money. even democrats expect -- don't expect to se

steve mnuchin dared them to do it.e said it is not a good look to be seen when he to keep money out of the hands of unemployed people -- to be seen wanting to keep money out of the hands of unemployed people. it seems like they are going a bit slow on legally challenging trump's move. if anything, maybe they will be successful in getting both sides back to the table. krasny in washington. you can get more on the relief measures and other stories you need to know in today's monday addition of daybreak -- monday edition of daybreak. you can customize those settings so you get the news on the industries and assets that matter to you. coming up next, we talk about how president trump's stimulus plan and the latest tensions with china will play in the markets. rest is with us with her view. this is bloomberg. ♪ shery: stocks ended last week down with tech shares bearing most of the selling. joining us heading into the week is bokeh capital partners founder kim forrest. we have seen tech stocks on a tear during the pandemic.

last week treasury secretary steve mnuchin struck a deal to loan the postal service $10 billion.t gives mnuchin access to the ten biggest clients including amazon. it could push the postal service to one of the pet projects, raising shipping prizes. this is raising fears that the post office. in talks with the hand picked postmaster general, they demanded they reverse cut backs and slowed the mail. >>> former vice president joe biden is calling president trump shameful after this play to his base on thursday's trip to ohio. >> he's going to do things that nobody ever would ever think even possible because he's following the radical left agenda. take away your guns, destroy your second amendment. no religion. no anything. hurt the bible. hurt god. he's against god. he's against guns. >> now biden is a practicing roman catholic and has spoken publicly about the role refaith has played in his life. faith has been the bedrock of the foundation of his life and he calls his attacks beneath the dignity of his office. >> biden trying to limit the fallout of his comment. listen. >> unlike

will be steve mnuchin testifying before a house panel on the coronavirus relief.o have the u.k. house of commons returning from summer recess and on wednesday a ton of fed speak. loretta mester will be discussing the u.s. economic outlook plus we get the fed beige book report and durable goods data. on thursday, you get the next round of jobless claims and the main event is on friday, with the u.s. august and payroll report. interesting to watch wages and demographics and how that plays into it, and we need bad numbers to light a fire under washington to get more stimulus? we will be talking about that throughout the rest of the week. coming up in the u.s., "balance of power" with kevin cirilli, i think? they will be speaking with the former fema administrator brock long. this is bloomberg. ♪ shery: from bloomberg world headquarters in new york to our tv and radio lines is worldwide, i am shery ahn. kevin: and i am kevin cirilli. welcome to balance of power where the world of politics meets the world of business. shery: after two weeks of political conventions we