President obama is urging congress to take actions. Sdplp ive been pushing for years to elimi some of the injustices in our tax system. Im very pleased that the Treasury Department has taken new action to prevent more corporations for taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. While congress has been slow to act, many see the treasure departments new rules as taking direct aim at pfizers p aim. That send them tumbling more than 14 while pfizer shares rows. It was the third set of rules as urged by the Treasury Department to curb inversion. Many say this time they will succeed in stopping the biggest inversion deal of all. Im leaning with the market which suggests the deal looks mostly done as in not going to happen. Reporter the deal was worth 160 billion when it was announced last november. Thats a more stringent structure required by treasury rules to allow pfizer to invert. The new provisions w
President obama is urging congress to take actions. Sdplp ive been pushing for years to elimi some of the injustices in our tax system. Im very pleased that the Treasury Department has taken new action to prevent more corporations for taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. While congress has been slow to act, many see the treasure departments new rules as taking direct aim at pfizers p aim. That send them tumbling more than 14 while pfizer shares rows. It was the third set of rules as urged by the Treasury Department to curb inversion. Many say this time they will succeed in stopping the biggest inversion deal of all. Im leaning with the market which suggests the deal looks mostly done as in not going to happen. Reporter the deal was worth 160 billion when it was announced last november. Thats a more stringent structure required by treasury rules to allow pfizer to invert. The new provisions w
Unlike other music sites like pandora, it is curated by humans rather than algorithms. Terms of the deal were not disclosed. A single better has won the government did going auction am a purchasing the entire kaisha of almost 30,000 bitcoins. As part of a larger pool of the Virtual Currency seized from the website. The auction attracted 45 bidders. The lot of bitcoins was worth about 19 million at current prices. To our lead story of the day, for the second time in less than three weeks there is a major shakeup in twitters Top Executive ranks as the company tries to boost future engagement. Anthony noto has been named as the new cfo. He has a varied background including serving as cfo of the nfl. He is also west point grad, spending time in that middle east fallen the army. The shuffle comes just weeks after the coo resigned amid reports of a power struggle between himself and ceo dick costolo. Cory johnson is here with me in the studio, joining us from san diego are Paul Kedrosky and
100,000 dollars safe that can protect your homes most valuable possessions. First, headlines with carol massar. Puerto ricos Credit Ratings was cut three levels into junk status by moodys. The potential for further cuts to come. The change could affect more than 14 billion in general obligation debt. Gms surprising investors with a u. S. Sales gain at the analysts projected a declined. These numbers come as the automaker continues its recall. The total reaching almost 29 million vehicles. Ford, chrysler, nissan all beat estimates. U. S. Auto sales helping out u. S. Stocks in a nice rally. Sending the dow into triple digits. The index coming within two points of 17,004 the first time. That is a look at your top headlines. Thanks. Lets discuss this rally. We have the director of Investment Strategy at also, we have bloombergs keith naughton. Chase, i want you to tell us what you think that the market is rallying. The economic circumstances are decent. We are seeing modest growth, a 2. 9
From our studios in new york city, this is charlie rose. Enrique pena nieto took office as mexicos president in 2012. He succeeded Felipe Calderon after gaining 38 of the vote. His victory marked a return to power for the revolutionary party. Vargas once called it the perfect dictatorship. Has nieto argues that pri changed and that he will change mexico. His inauguration speech outlined a bold promise to reform key aspects of Mexican Society. Opposition brought parties on board with his agenda. They formed the socalled pact for mexico. Reforms have been hard to implement. On friday, i had a conversation with president pena nieto in his home in mexico city. After you were elected with that bold promise of Economic Growth and reform, people began to talk about mexico in a very flattering way. They called it the mexican moment and the country of the future. Time magazine said after one year in office, the president passed the most ambitious package of reforms in memory. Level economic for