Buy timewarner a big power lunch begins right now. Welcome to power lunch, im melissa lee. Were just off session lows but stocks have accelerated losses here in the afternoon. Worst day in nearly three months stocks pushing lower following new details of the new Senate Tax Plan including a possible delay in Corporate Tax cuts. For all the details we have, lets head to john harwood in washington john the senates got a problem, their budget reconciliation rule allows them only to reducethis tax bill as we have seen emerge in the house, is going to cost more than that in the shortterm and also raise the deficit in the longterm. Also not allowed under senate rules. So what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the Corporate Tax rate going from 25 to 15 . From what i understand, the senate will not delay immediate expensing, which is likely to be the stimulus part of this bill
The ftse is down. The size of the divorce bill has investors worried and well explain why. And how do you fancy dinner with a stranger . No, were not talking about a first date, but a new app that promises to serve up a local, authentic home cooked dinner at the press of a button. And so today we want to know if sally or i nipped round to your place, what would you make us . Whats on the menu at your house . Let us know. Use the hashtag bbcbizlive. Hello and welcome to Business Live. Sendin send in your invitations. Wed love to come round for dinner sometime apple is the worlds most valuable company and it made another huge profit in the first three months of the year. But it was a bit of a mixed bag. The california based giant sold just under 53 billion worth of products as it continues to dominate the smartphone market. But surprisingly iphone sales actually fell by 1 mainly because customers are holding off purchases while waiting for the tenth Anniversary Model expected this autumn
We have seen just about everything over the past few days. Lets look at niles canyon. All eyes are on alameda creek. Workers have put up signs saying do not proceed. More on this story coming up in moments. First welcome to tuesday, february 21st. Im gasia mikaelian. And good morning, im dave clark. Steve paulson can take the whole rest of the show. Lots to cover. Go ahead, steve. Sure. But ill just do 45 seconds. Good morning, gasia. Good morning. It is one of those kinds of days. Hit and miss and hit and miss. Steve, did you know we would have such a wet winter . Were there signs . The short answer is no, there were not. The pdo has been positive for 37 months. The mojo is extremely strong. Im not making this up. The displacement of the polar vortex. I think that has to do the most with it. They did not project it. How did it work out . Theres a lot going on. Everything is connected and it is a big, big planet. We have rain moving through the north from san rafael over stab pablo ove
Since the aca was not repealed. Lets get to the road map and now it starts with tackling taxes, the president is looking to rally republicans on a tax reform strategy. And plus the Global Markets are down on signs of a stalled trump agenda. It is on track for the lowest losing streak since 2011. And premarket, after five top analysts issued bullish ratings on snapchats parent. Global markets are moving lower on the pulling of the Health Reform bill and how it can impa impact President Trumps pro growth agenda. Yesterday on nbcs meet the press the president s budget director mulvaney described why there was a rush to pass Health Reform legislation. Heres the hurry. Theres a lot to be done. We needed to get rid of obamacare. We needed to fix the system so we could help folks back home and then move on to tax reform so that we could help people get back to work. The president wants to do a lot of things and is not willing to do what other politicians would do. And here we sit of course to
Independents and others is 2027488002. We will look for your comments on social media. We will look for your comments on cspanwj or facebook. All over the Television News this morning and the internet, the New York Times website, here is a look at their lead story. Fidel castro, cuban revolutionaries who defied u. S. Dies at 90 in a right that if the fiery apostle of revolution who brought the cold war to 1959 andemisphere in then defied the United States for nearly half a century as leader, briefly pushing 2 the brick of nuclear war died on friday, he was 90 years old. It was announced by cuban state television. He had been in declining health for a number of years. Looking for your reaction this morning, your thoughts on the future of u. S. Cuba relations. With a change in our presidency with donald trump, no word or tweets from donald trump. The changes the Obama Administration had put into 2014, weginning in showed you decline raising in 2015 at additional policies announced by the