The Biden administration is putting a lot of emphasis on low- and middle-income families saying the average family will save about $13,000 to $15,000 a year in child care expenses alone.
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What's to show economically for 100 days of work? Plus, better-than-expected quarterly results for bigger companies, and what they say about where the economy is and where it's headed. And, the early details on the second part of President Biden's infrastructure plan, which is focused on support for families and children.
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Of the S&P 500 companies that have reported quarterly results so far, most are beating expectations
We get more on this from Susan Schmidt, head of U.S. equities with Aviva Investors. “On average, over 80% of the companies that have reported have surprised to the upside with earnings estimates, and over 70% of them have surprised to the upside on their sales figures,” Schmidt said. “That’s very positive and positive bolster for the sentiment in the market.” Meanwhile, central bankers are meeting today, and Schmidt says it’s highly unlikely they’re going to change policy and raise interest rates. She says they’ve been adamant they’ll keep rates low, “and if inflation comes up, they’re going to see it as transitory.”
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Music from the episode
Strength in Numbers Matt Shadetek
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Brian Allison
Engineer
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
