Are incredible. Thousands of people evacuated as the Massive Wildfire wreaks havoc on the los angeles area. The latest as firefighters struggle to control the growing blaze. The price soars past 16,000. Hackers have gotten away with millions of bitcoin in the highest. Fractional moves higher although the Dow Jones Industrial average moved into negative territory. S p is a s p is up a fraction of the nasdaq up a third of a percent. Major indices look like this. Take a look trading right now. The ft 100 up a fraction and the cac up a quarter of a percent this morning. Asia overnight carcass remix. The big winner at japan up about 1. 5 overnight. Hang seng in hong kong were covering up a quarter of a percent. The nfl 200 man amid a huge payday for commissioner Roger Goodell. The reaction from the delete this morning. The buyer of the artists painting that just sold at auction for 450 million reportedly revealed. Well tell you who broke the bank for that painting this morning. Jay made a t
Discusses the spending proposal at a hearing in the Senate Budget committee. This hearing begins with Committee Chair mike enzi and Ranking Member bernie sanders. Good morning. I will call to order the Budget Committee hearing. Good morning and welcome to the hearing on the president s Budget Proposal for fiscal year 2019. The budget submission comes to us on the heels of a very busy first year for President Trump. Im proud of all of the hard work and leadership that went into passing the tax cuts jobs act and progrowth tax bringing investments back to america and boosting takehome pay for workers. In the new submission i mentioned in the Administration Proposal to build on this momentum into further strengthen the economy. One of my greatest concerns as the United States senators on the countrys National Debt that is now eclipsed 20 trillion. To secure the economy long term for future generations, we must tackle this problem while lowering taxes is proving to bolster the economy that
Train to the big selloff on wall street. The dow dropping 362 points yesterday. Some of the biggest drops in the last two years. A lot of big earnings coming out. Facebook, microsoft and the Federal Reserve Meeting Results as well. Right now futures point to higher open. Dialup 78. Lauren investors with a close eye and Interest Rates a 10 year treasury help at the stock markets the past two days. It is about to. 7 right now. Cheryl in europe, and treasury recovery at the open right now. The ftse, cac are higher. Lauren nation with the nikkei nikkei japan following poignant down for six days in a row. The only green arrow in that screen is the hang seng in hong kong. Train to some more for apple. The Justice Department and the sbc launching investigations into the iphone slow down. Fbn am starts right now. Lauren three at five of 2 00 a. M. In new york. Wednesday, january 31st print last day of the month. Im lauren simonetti. Train to it as the morning after. Im cheryl casone. But his s
Senators come to the floor to talk about the budget resolution and tax reform. We would hear from senators merkley and murray and later senator jack reed of maryland. Our nation was founded on a principle encapsulated in the first most important words of the constitution we the people. Our founders wanted us to have a nation that didnt work for the powerful and privileged but for the people by the people and for the people as president lincoln so eloquently described the nation mocks by hand for the privileged i am for the people. Tomorrow a bill this coming to the floor that couldnt be more of a powerful bill than weve seen on the floor of the senate beforere. The fundamental values in the constitution, this bill is a budget bill and it at its heart it says we are going to do 5 trillion of tax cuts almost completely for the richest americans by cutting programs that make america work for working americans. It says im not going to do anything for the rich and powerful but why, i ask yo
Macro data, the president at the g7. Europes on pace for a down day. Ten year, 2. 23. Durables are down for first time in four months. And oil still below 49. Our road map begins with quote very, very bad. The president s comments on germany and trade are in the spotlight. Plus amazon is near 1,000 a share. Will that run continue . And the surprise gdp revision, higher for the First Quarter. First up though the germans are bad, very bad, thats the what the president reportedly said in brussels. According to the german publication der spiegel. He voiced displeasure over the trade surplus. See the millions of cars theyre selling to the u. S. , terrible. We will stop this. A lot of discussion about what was lost in translation with the germans. Gary cohn trying to clarify what the president meant on russian sanctions, but not the first time that he has been critical of the trade and german out makers as well. Cohn said he was saying that the automakers are very, very bad. Not germany, the