At 2 stagnant growth rate, we cannot pay the deficit. If we get the Regulatory Reform done, we are going to have more money coming in, because were going to grow our economy. If we dont incentivize to get the money back, it will get invested overseas. Were happy what were getting done, realistic to how much more we have to do. Charles joining me now, peter morici. Peter, my pushback with gary cohn is that this thing is so magnificent, so huge, so big, and we already saw what happened when they tried to ram health care through without doing it in a more meticulous manner. Do you think its possible to get through massive, massive reform and do it in a timely manner. Its quite possible. Everybody acknowledges the Corporate Tax code needs a cleaning up. If they can find 51 senators with border adjustments, cut the rates down to 20 , and i think that would be very, very productive and easy to bring home capital on that level. How do you come up with Chuck Schumers middleclass tax cut, when
So tastes like a guinness. A little early. Im Andrew Ross Sorkin. Joe kernen is here becky has the day off. A lot of news to get to. Dow up about 26 points nasdaq up about 5, s p 500 up about 2 1 2. Lets show you overnight in a a asia, green arrows across the board. And european equities well also show you, its green, green, green. And if youre buying wti crude by the barrel, oil is moving higher on news of a sharp drop in u. S. Oil supplies wti crude right now at 48. 29 today well get an Interest Rate decision from the fed this afternoon. Wall street is widely expecting policymakers to keep rates unchanged. Big focus is what the fed says about inflation. Well have full coverage beginning at 2 00 pchl we have 175 s p 500 Companies Reporting this week. Today its boeing, cocacola, ford and among all the names youre seeing there. But well get that before the opening bell and then we hear from facebook, gilead, whole foods after the close. And viacom looking to make a cash bid discovery al
Opec supply forecast coming in for next year. What we will hear from chipotle ceo on the companys food safety debacle. They like what they are saying so far. We will give you the latest developments on that potential likely deal between dow and dupont. Could create a combined company certainly worth 130 billion in the marketplace before it splits it all up. The Worlds Largest retailer getting into the mobile payment race with walmarts new plan for consumers and the competition. Stocks looking to snap a threesession losing streak in which the 200point gain was essentially wiped out. Weekly jobless companies go to a high. Debt reduction and the stocks still down about 70 year to date. Both glencore and ben chevron making comments about the export. Glencore is a survival issue. They throw a good face. Constantly saying, we have much better cash flow than you think. They may have it. They are very good traders. I put them in a different category than freeport. Three times eye charm. Oil, y
Death of the 24yearold, the unarmed black man shot and killed by Minneapolis Police on november 15th. Again and again, saying all along, watch this protest, retailers could get hit hard. Now were also watching too, new polls for you showing that donald trump still in the lead. Weve got an interesting argument from fox news analyst Juan Williams. He says that Hillary Clintons running mate may be barack obama in a sense. Hes going to explain all of that with brad blakeman. This is a hot debate. Stick around. The Dow Jones Industrial average is up about 180 right now. The catalyst to the upside, oil. Less than an hour to the closing bell. Im liz mcdonald. Lets start the countdown. Right to it, we are on track for nine Straight Days of triple digit moves. Six of the nine days have been updays, so if we close above 159 points thats right, number youre going to want to watch the dow will be virtually flat still, for the last week and a half, watching the s p 500, it is officially positive fo
Benchmark Interest Rate. Thelive and well around world. Economic data in the u. S. 2 00, the Monthly Budget statement sometime today from a friend in washington. We will do more dislike whimsies and the mortgage. Monday. Ts up a quiet an amazing week of Economic Data coming up. Retail sales tomorrow. Ppi on wednesday, cpi, consumer inflation. And then housing data on friday. We will know a lot more about the American Economy as we go to through friday, which will be a good thing. What else do you have . The guys that give you internet when you fly around in the air will be before the bell. Will be after. With a great fiscal chart for you. , the euroeld, 2. 64 is mario draghi weaker or the press conference. Crude oil has done nothing since time began. Frothiness inthe the market. Russian ruble stronger. The russian 10year about nine percent. Hour twoyear yield still under after the yellen comments a week ago. Backis the budget deficit of the 1970s. There is the clinton surplus. Down we