10 Burst results for "Cbs Financial"
"cbs financial" Discussed on WTOP
"Jocelyn Chessen, our producer just ahead breaking news today. A drugmaker says it's Corona virus vaccine is 90% effective and the news has the markets soaring. Yes, indeed. The Dow is up 1114 points, NASDAQ of 1 36, the S and P up, 100. President elect bite in announcing members of his Corona virus task force today. What are the post election prospects of Congress passing a covert relief package on Capitol Hill? I'm Mitchell Miller. W T OBY at 11 32 CBS News Special Report. It may not be the first, but fighter says it's new covered vaccine may be the best so far or 90% effectiveness. In these early results. That's better than most of us had anticipated. William Schaffner, a Vanderbilt University CBS's Dr David Vega says distribution could begin by Christmas sex scene has to be sort of minus 95 F and fighter made their own boxes that take about 1000 doses, and they're shipping these boxes that have about a 10 Day life. Where they keep the vaccine cold, too large hospitals where the distributions will happen. Use of the new vaccine came as global markets were already rallying on the Biden victory is CBS financial analyst Dill Slash. Inger tells us think investors are saying we're going to get beyond this. And this continues the rally that we had seen the SNP opened in record territory. Right now, the Dow was up 4%. E S and P Up. 3%, Paris Up. 7% CBS News Special Report. I'm Vicki Barker and just into W GOP. We are learning that the Secretary of Housing and Urban Development Sin has reportedly tested positive for covert 19, his deputy chief of staff, telling ABC News that he is in good spirits and feels fortunate to have access to effective therapeutics, which aid and speed his recovery. Ben Carson attended the election night party at the White House with President Trump. We're learning more this morning about the Biden Harris administration's first priority's. The transition team has rolled out its Web site and social media presence. And today President elect Biden will announces Cove in 19 Task Force. President elect Joe Biden isn't wasting any time preparing for the White House. Our work begins with getting covert under control. Today, Mr Bindon introduces.
"cbs financial" Discussed on WTOP
"He's and then we could have a vaccine available to the general public next month, and they've created containers that can hold about 1000 doses and will be shipped to large centers for distribution and administration of the vaccine across the United States. But when it comes to that distribution, the devil may be in the details, says epidemiologist William Schaffner is going to be a staged way of doing this one group at a time. And so we'll have to listen very carefully is to win me or you or your aunt Sally are eligible for this vaccine. Word of the new vaccine sent stocks, which are already rallying globally on the Biden wind into nosebleed territory. The Dow and S and P hit record highs. Moments after the opening Bell, CBS financial analyst Dill Suss Inger has this reality check. Anyone who's got a 401 K or an IRA is elated right now, and it does feel like this huge breakthrough. Course all of us want this. But as we look at the economy right now, I think that we're grappling with a few issues. We do need stimulus measures in place for individuals and businesses that continue to really be hurt by the virus that virus on the top of President elect Joe Biden's to do list. He's meeting with his new call. The task Force says CBS's Nicole Kilian tells US select bite and will be briefed by his new task force, and he's also expected to discuss his plans to address the virus from Expanded testing to a national mask mandate the U. S code, the death toll remains the world's highest more than 237,000 so far, and new cases are accelerating in multiple states. Meanwhile, the Trump campaign continues to challenge the vote count in several states making as yet unsupported accusations of fraud. CBS election law analyst David Becker Election Day was six days ago, and we still have not heard any facts that support any allegations of any kind of systemic fraud or problems. In fact, this is one of the smoothies selections in history. President Trump made Miller allegations of voter fraud during the 2016 campaign, a commission he set up shortly after his inauguration met twice found no evidence of fraud and was.
"cbs financial" Discussed on KIRO Radio 97.3 FM
"The hour presented by Capital one bank nine Vicki Barker in London Ah Culver vaccine that fighter says has shown itself to be 90% effective in early trials here. CBS's Dr David Egas political trial will be ongoing, but they're going to file the data with the FDA over the next days, and then we could have a vaccine available to the general public next month, and they've created containers that can hold about 1000 doses and will be shot. Two large centers for distribution and administration of the vaccine across the United States. But when it comes to that distribution, the devil may be in the details, says epidemiologist William Schaffner is going to be a staged way of doing this one group at a time. And so we'll have to listen very carefully is to win me or you or your aunt Sally are eligible for this vaccine. Word of the new vaccine sent stocks, which are already rallying globally on the Biden win into nosebleed territory. The Dow and S and P hit record highs Moments after the opening Bell, CBS financial analyst Dill Sauce Ginger has this reality check. Anyone who's got a 401 K or an IRA is elated right now, and it does feel like this huge breakthrough. Of course, all of us want this. But as we look at the economy right now, I think that we're grappling with a few issues. We do need stimulus measures in place for individuals and businesses that continue to really be hurt by the virus that virus on the top of President elect Joe Biden's to do list. He's meeting with his new call the task force as CBS's Nicole Kilian tells us select. Biden will be briefed by his new task force, and he's also expected to discuss his plans to address the virus. Expanded testing to a national mask mandate the U. S code, the death toll remains the world's highest more than 237,000 so far, and new cases are accelerating in multiple states. Meanwhile, the Trump campaign continues to challenge the vote count in several states making as yet unsupported accusations of fraud. CBS election law analyst David Becker Election Day was six days ago, and we still have not heard any facts that support any allegations of any kind of systemic fraud of problems. In fact, this is one of the smooth selections in history. President Trump made Similar allegations of voter fraud during the 2016 campaign, a commission he set up shortly after his inauguration met twice found no evidence of fraud and was.
"cbs financial" Discussed on Newsradio 600 KOGO
"Historic presidential election. Thank you. Christina Gustin from CBS Financial Arcady Wealth manager. Wow, what a week. Let's turn to the workplace because watch us up going on with the potential reversal of the independent contractor laws coming up here to talk about that today, our good friend and regular contributor to the program any Ellis. So where do you turn this one second reminder. So notes. At 11 o'clock on Saturday on K U S. I on the air with myself, Little Tommy and Rusty nails. Please be sure to join us there. But there's any Alice Anne. How Gloria, Thanks for swinging has a government selling good. Thanks for swinging by this weekend. Um okay. I'm just gonna let you take it over here. Can you take it from the beginning For many of our listeners who are not familiar with how this whole 85 started and then morphed and now is potentially morphy again If you take us from the history and then where we're at today. All of history. So for decades in California, the standard for determining whether a worker should be a contractor consultant, independent contractor all means the same Van gig worker or an employee was like 12 different factors. And you look at all these different things like, what did they want? You know what it was the profit loss. It was a really business friendly definition and Tend to lend itself to having more people be able to be contractors well in in the early part of 2018, the California Supreme Court threw that away and said, We don't like that test. We're going to reach our very little arm into the state of Massachusetts. And we are going to adopt what's called the ABC test, which whittles it down to three factors, and they're almost impossible to me the middle one being if the workers as anything in the regular course of hiring entities business Then they can't be an independent contractor and regular course of the business could really mean anything from operations to the heart of what they dio. So So basically this would be the for example. And this is one of the example that wanted to talk about, Let's say The the Sanyo Sports Arena had a concert with Let's say Tom Petty when he was alive. That would mean that if those guys played music Did that same job, which is playing music in other locations. They would actually have to be employees at every single venue. They went to that right? Yeah, And and the court, in their very lengthy decision, cited a couple examples that were really bizarre, like, for example, in Art museum, will they hired like a painting instructor to come in on the weekends to give like a little perk to people? Sure, that was considered to be an employee, because that was part of the regular course of the business. That's what they did. And it was a perp to members. And so Lorena Gonzalez here in San Diego said Okay. Sounds good. I'm gonna make that law now on gonna put that in a statue for him, and that's what she put up with 85. And it was signed by the governor on DH. It went into effect January of this year, and it resulted in a massive amount of litigation. Of course, we're seeing the Ubers the lifts the door Doctors of the world because they all use kick works right, right, And that's the thing. That I think is scary about this. And I'm trying not to be political on this show. And of course, I did afternoons here for many years. That's exactly what I was. I think people know where I stand. But you know as a registered independent and as someone who Who tries to just call balls and strikes. That would be a job killer for California, because if uber and lift were too for were forced to Make all of their drivers employees. I would argue that they wouldn't do business in those states. What is that? A fair assumption. That was their threat, and they got sued by the cities of San Diego, San Francisco and L A. And I think that's really important for people to men. But remember is one person didn't stand up. Involve this lawsuit. These were actual government entities that are suing. You know the Ubers in the left of the world, and in August, a court issued an order saying they have to reclassify everyone to employees. And they said, We can't do that. We're going to be pulling out of San Diego. Uh, I'm sorry out of California. We're not going to do business here anymore. And then, of course, you know, we've got appeals and other things that are holding that up, but they don't get their way. I think they're going to pull out and I don't know about you. But I am a platinum remember? Well, I mean, I think you're right. Two spins and spins and spins its devastating well. This would be the law of unintended consequences That comes and bites us once again, or bites lawmakers once again, I would argue, because this is that's exactly what's going on. Is that Nobody had intended for uber and lift Teo be affected by this, But you know the thing that bothers me the most is once they determined that things were affected, their not doing much to change so The new adoration is which I forget the name of the proposition If I'm not mistaken, Forgive me. But the new the new adoration sort of solve those problems. Correct. I mean, in your opinion doesn't go far enough. Well, I'm a lawyer, so I never talking absolutely right. It's prop 22. It creates for this industry a reasonable resolution. They're going to remain contractors. But there's sort of a threshold on how much they must be paid. It gives them benefits. You can kind of think of it as a hybrid, even though it's it's not because you're either a contractor or you're an employee. But it's a hybrid in the sense that you're getting a lot of things that employees will be entitled to, but But Sully, it doesn't help other industries. The ride sharing food Every driver industry and in my opinion doesn't go far enough. What is it? You know if you were, you know you're an attorney..
"cbs financial" Discussed on TalkRadio 630 KHOW
"Strategy session with financial advisor SEPA Lynda Gardner take the first important step at your money your retirement dot com To sign up for Linda Gardeners email newsletter. Go to your Money your retirement dot com That's your money your retirement dot com. Your money. Your retirement continues with CBS Financial advisor Lynda Gardner. I'm Ed Green. And today we covered several areas important to your retirement planning. We talked about Q CDs, annuity reviews and specific areas of your retirement planning that you really don't want to overlook. All of this circles back around to the importance of planning for your retirement. No matter where you are in life, it's coming. Regardless. That's right, having a team in your corner that could help you with all the ins and outs of these issues, and more is critically important when it comes to your retirement. And don't wait. Be proactive. Take care of these planning opportunities today. You know, while you're thinking about it, well, that's right. There's no better time to start than today. You won't be any younger. All right, so you might as well get started on it and and taking charge last you to be more in control of your the rest of your life experience, right? And when people say retirement, they think of like us, old folks. But really, you always say it's never too early to start. That's right. That's right. The earlier you start saving and preparing for it, the better shape you're in. He'll be in by the time we get there, That's what you want. And if you're not sure where to start, or you want a quick evaluation of maybe how you doing So far, we have a great introductory step for you. It's the free five minute retirement quiz, and that's found right on the home page at your money your retirement dot com. Listen this up..
"cbs financial" Discussed on TalkRadio 630 KHOW
"Gardeners email newsletter. Go to your money your retirement dot com. That's your money, your retirement dot com and your money. Your retirement continues now with CBS Financial advisor lived the gardener. I'm Ed Green. Now throughout our show today, we hope you've learned a bit more about some key areas to be aware of, including income planning considerations for working in your retirement years. And it's so important to include long term planning and different ways. Life insurance might enhance your retirement years, and I know it's a lot to take in. But the good news is you don't have to do it alone. Linda's team deals with this all and more every single day, so don't go it alone partner up with someone who knows their stuff. And works as we say, Linda in your best interest. That's absolutely right, because as we say all the time, it's not really a do it yourself kind of thing. There's so many different choices and alternatives and finding the ones that are just right for you for your retirement plan. That's what we want to help you, D'oh and so planning for the future, especially for long term care. Is challenging. And although we can't predict the future, we want to help you put different strategies in place. It'll protect not only your lifestyle but also your loved ones, right? So you can help people out with this, but something else if somebody is listening, and they haven't advised already, but they're not quite short things going the way they should probably from some of the things we're saying today, even you'll get a second opinion, won't you? Oh, we sure will. We get calls for that all the time, and it doesn't mean there's anything wrong with your current advisor. And you know if we see a plan that looks good, we're going to tell you that if we see there some holes or some things you ought to be looking at. Didn't tell you that, too, Because that's her job came for a second opinion, so we'll tell you what we think. But you know. And then they can decide There's no obligation here. So all right, no pressure, no obligation, but you haven't taken the time to get started on your planning. Don't wait another minute because Linda is personally inviting you to start today and to get you going, we have a great resource to find out Just how well prepared you might be for retirement. It's the free Five minute retirement quiz found Right on the home page Your money every time a dot com It's one of our favorite tools and can be a great option.
"cbs financial" Discussed on KIRO Radio 97.3 FM
"God bless you but only essential businesses can have workers commuting to the job or on the job New York joining Illinois and California ordering their citizens to shelter in place as the corona virus continues to spread leading economic disruption and tumbling stock markets in its wake here CBS financial analyst yields less injured we haven't seen quarterly drops like that since the Great Depression we are worst quarter in two thousand it was the last quarter and that was down eight point nine percent so the economic uncertainty is breeding the selloff and until there's more certainty I don't think it's gonna stop anytime soon Senate lawmakers failed to reach agreement on a massive rescue bill for the U. S. economy last night they're meeting again today CBS's at o'keefe reports are still requires bipartisan support to pass in the Senate Democrats are demanding more benefits for the jobless with some party leaders claiming the bill is friendlier to corporations then work let's really focus on America's workers who will be the first casualties if they're late offer have technically this tremendous as spirit to get something done so we'll see what happens but the ongoing debate comes as president trump has ruled out bordering a national locked out of it we're working with the governors and I don't think you'll I don't think we'll ever find that Mrs the US has now closed its border with Mexico and with Canada I'm Chris no worries at the rainbow bridge in Niagara Falls Canada the longest international border in the world is now closed to all non essential travel no tourists no recreational crossings and no cross border shopping the known coronavirus death toll in the U. S. has now passed two hundred with eleven thousand deaths worldwide with China where the outbreak started now reporting no new domestic cases dead daily Italy is the new epicenter CBS's Beardsley reports patients on life support in an Italian hospital so too is the country's medical system in the last day six hundred and two the seven people have died making it not only Italy's deadliest day or at least a worldwide since the outbreak began and away.
"cbs financial" Discussed on WTOP
"Thank you it's eleven twelve CBS news special report the fed to the rescue stocks surge after the first emergency interest rate cut since the Great Recession half a point is just what the market needed at least to stop the big selloff CBS financial analyst Jill Slazenger says the decision to cut a benchmark interest rate by half a percentage point comes as the corona virus outbreak threatens global economic growth however Mr somewhat concerned that the fed cutting interest rates is not going to help all that much Slazenger says lower interest rates likely won't be enough to offset any sharp drop in economic activity sure it makes the cost of borrowing cheaper but the problem is that if people are worried about the spread of corona virus and are not traveling or not going out and shopping is much that that is not going to be cured by lower cost of borrowing CBS news special report I'm Vicki Barker and we go deeper now is CBS news business analyst Jill Schlesinger joins us live I'm Jill talk a little bit about this attempt to sort of boost the economy what does this tell us about what people were actually thinking about the economy before this interest rate cuts well what the problem is that it is incredibly difficult to quantify the economic impact of something that is just not real to us yet we don't know whether or not people are getting spooked and not going out we don't know whether the lack of travel among the corporate the corporate America or even leisure travel is going to take a bite out of economic growth short term or long term I think the fed was acting to do some things to act and was simply ahead and a knowledge meant that clearly the corona virus spread in the United States is starting to get people wondering how the economy is going to fair we're only growing by about two percent annually so obviously this could eat into it now if I'm not he can this is the first time they've done this since two thousand eight and that was during the financial crisis then prior to that it was after nine eleven is this issue of the corona virus scare on par with those events I don't think that most economists would actually characterize it as such I think what the fed was trying to do is get out in front of this on and and I I'm not sure it's really going to help because the reality is that one of the problems around there post nine eleven or during the financial crisis was that there was a lack of liquidity there just wasn't a lot of money sloshing around the system people really pulled back and that's what the fed was trying to address in this case there's plenty of liquidity in the system there's no doubt about that we're not in a crisis but we are worried about economic growth and again it is unclear this is why we've seen a really strange market reaction to this it is unclear that the fed cutting rates is going to change consumer behavior when we're just talking about plain old fear you know we have a spread of love of a pet we've a pandemic a health pandemic but the secondary knock on effect is now we have an investor fear pandemic all right gel will keep tabs with you thanks so much for explaining it to us we appreciate it take care right now the Dow is down three hundred points and the nasdaq is off seventy seven if you've been driving ordinary.
Stocks whipsaw as the Fed cuts rates to counter outbreak impact
"Report the fed to the rescue stocks surge after the first emergency interest rate cut since the Great Recession half a point is just what the market needed at least to stop the big selloff CBS financial analyst Jill Slazenger says the decision to cut a benchmark interest rate by half a percentage point comes as the corona virus outbreak threatens global economic growth however Mr somewhat concerned that the fed cutting interest rates is not going to help all that much Slazenger says lower interest rates likely won't be enough to offset any sharp drop in economic activity sure it makes the cost of borrowing cheaper but the problem is that if people are worried about the spread of corona virus and are not traveling or not going out and shopping is much that that is not going to be cured by lower cost of borrowing CBS news special report I'm Vicki
"cbs financial" Discussed on WTOP
"A of windy and cold day today winds are still averaging northwest at twenty to thirty miles per hour so with temperatures hovering in the mid thirties wind chills are hovering in the mid to upper twenties and you should plan on that being the case for the remainder of the day the breezy this will die down after sunset it will remain cold overnight temperatures dropping into the mid and upper twenties in the suburbs probably closer to thirty grease downtown by the bay then for tomorrow I think most of the sunshine will be in the front part of the day tomorrow will be a little bit of a recovery temperature wise will be about forty two for a high today forty five for a high tomorrow but a little bit more sunshine a little bit less wind it'll feel slightly better tomorrow but still plenty chilly then on the weekend we go another shot of cold air arrives Friday night might ring out a flurry or two as it goes by no accumulations of snow around here but local area ski resorts Pennsylvania West Virginia and western Maryland should be able to have great success turning to snow machines on tonight's might be one of our final weekends for snow skiers to enjoy Saturday around he'll be cloudy in the morning breezy and cold in the afternoon Saturday's highs only around forty and then on Sunday sun shine a light wind and highs right around fifty degrees which is just about average for early March I'm storm team four meteorologist Chuck bell for WTOP all right Chuck thank you ten fifty one CBS news special report stocks tumbling on Wall Street the Dow was down more than seven hundred points right now extending this week's losses and putting stocks more than ten percent below the record highs seen earlier this month here's CBS financial analyst Jill Slazenger you're on track for the worst week for stocks since the financial crisis back in two thousand eight and the selling has been relentless global stocks U. S. government bond yields and oil prices all tumbling today extending their losses as investors brace for a drop in business activity and corporate earnings.