A bowl in this market as well, as it has been for much of the year. It looks like investors are pricing in a high likelihood that the tax bill is going to get past, after some back and forth regarding senator marco rubios vote today. We learned that it sounds like concessions to what he would have happened on the tax credit is getting into the bill. The index isof touched major intraday records today. It is outpacing the gains we are seeing in the major averages today. Thats get a temperature on the high tax proxies we have been watching. Here in the white line is an index of high tax. These are the companies that are seen as benefiting more from a Corporate Tax cut. This is the russell 2000 four reference in blue and the s p 500 in yellow. It is interesting the action we have seen in the russell, because within these companies that are mostly domestically oriented, with they are also tax as benefiting from the bill, but the russell has not been performing as well, perhaps in part beca
Trump waving cargo restrictions to help speed aid to the hurricane ravaged puerto rico. He has ordered the jones act waived for shipments to the island. The waiver will be in effect for 10 days and cover all products being shipped to puerto rico. It is a maritime law of acquiring shipments of good between two you a sports to be made with American Flag vessels manned by american cruise. Tokey is warning citizens leave the autonomous kurdish reason region in iraq before it cancels flights in the area. Flights would suspend it follows a similar one by baghdad after they held an independence referendum this week. The European Union will look beyond its impending breakup with britain and how to build a Common Future during the twoday summit that began today. The french president , emmanuel macron, have set out their unions of closer eu integration. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Live from bloomberg Worl