Biden pushes his vision for the economy

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VIEW IN BROWSER | SUBSCRIBE FRI, JUL 10, 2020 CNBC POLITICS EDITOR'S NOTE Hello,   If ever there was a moment to unveil a big, bold economic plan, this is it. The economy, despite some signs of recovery, is still in the hole as coroanvirus spreads and states pause reopening plans. Yet Joe Biden's economic plan, unveiled Thursday, represents many of the moderate stances he had already staked out before the pandemic, although he used a more progressive-sounding message this time. CNBC's Lauren Hirsch breaks it down.   Meanwhile, an influential financial advisory firm is telling its clients that Biden's economic plan shows that he won't move too far to the left if he wins the presidency, which could ease some concerns on Wall Street. CNBC's Brian Schwartz reports.   Here are other stories the CNBC Politics team has been covering: The Supreme Court ruled that the Manhattan district attorney should be able to access several years' worth of President Trump's tax records. The top court, for the moment, rejected a similar bid by House Democrats to get Trump financial records, however. Treasury Secretary Steven Mnuchin is in favor of another coronavirus relief package, although he believes it should be narrower than earlier bills, with potentially more limits on who gets money and how much. The legal drama surrounding former Trump advisor Michael Flynn, who had pleaded guilty to lying to the FBI, isn't over. After he was told to drop the case against Flynn, federal Judge Emmet Sullivan has appealed the decision. You can find more coverage linked below. Thoughts? Email Mike Calia at CNBCPolitics@nbcuni.com.     Have friends or colleagues who might like this newsletter? They can sign up here.  Mike Calia @Michael_Calia KEY STORIES  Biden uses progressive message to roll out his moderate economic plan The message Biden laid out in opening remarks echoes ideas from progressive Democrats, who have pushed for Biden to use the moment to rewrite rules with drastically wider social safety nets and much higher taxes on the wealthy. Biden says investors 'don't need me,' calls for end of 'era of shareholder capitalism' The former vice president said Donald Trump has been too focused on the stock market during his response to the coronavirus pandemic. Financial advisory firm tells clients Biden won't be moving too far left if he becomes president Signum Global Advisors told clients on Thursday that they aren't convinced Joe Biden will be as progressive as some might hope if he becomes president. Treasury's Mnuchin backs narrower coronavirus aid package as talks with Congress resume Mnuchin said the White House backs another direct payment and a change to the enhanced unemployment benefit in the next coronavirus relief bill. Supreme Court says Manhattan DA can get Trump's tax records, but rejects bid by House Democrats The Supreme Court delivered split opinions in two cases over whether President Trump can shield his tax records from investigators, handing a win to the Manhattan district attorney but rejecting efforts by Democrats in the House. Trump rages at Supreme Court over tax records case, claims 'political prosecution' The decisions handed a win to the Manhattan district attorney but rejected parallel efforts by Democrats in the House of Representatives. Judge asks full federal appeals court to reconsider decision forcing him to drop Michael Flynn case Judge Emmet Sullivan's lawyer asked for a so-called en banc review of the decision of the appeals court, which would involve all active judges on the court rehearing the Flynn case. CDC won't change school reopening guidelines Trump says are too tough, but more direction is coming Vice President Mike Pence indicated the CDC would soften its guidelines, but Director Robert Redfield said there would be no changes.       Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS