Citing alibaba to cut prices by as much as 55 for more than 100 products. Alibaba currently trading down 0. 6 . In the markets it is trepidation. Investors waiting for that crucial pce data out of the u. S. On thursday after a hotter than expected cpi data, prompting questions about perhaps what signs may be gleaned from the data to suggest what the fed might do with rate cuts. Bear in mind, Market Expectations now coming to about an 80 basis point car from the year, down from that 150 basis point level. In the broad market in terms of the Chinese Market, inching higher at this point in time. Csi 300 index up by 1. 6 . Still, there are concerns despite more Foreign Investors pouring money into the Chinese Markets, concerns about the clampdown prompting the expectations of more meddling by china. Gains due for the philippines and malaysia. The nikkei 225 currently consolidating, down 0. 6 after reaching new record highs. In terms of the fx space we have the yen trading at 149. 78, below
Our live capitol hill coverage continues tomorrow with the confirmation hearing for the next defense secretary, ashton carter. Live coverage of the senator Armed Services committee will get underway tomorrow on cspan3 starting at 9 30 a. M. Eastern. This sunday on q and a, david brooks columnist for the the New York Times on writing an article for the times and the awards he gives out at the end of the year. The sidney awards. Sidney awards are given for the best magazine essays of the yeesh, and they can be in journals or Something Like the new yorker or the atlantic. And the idea is they always come out about that christmas week. And the idea is thats a good week to step back and not read little instant stuff, tweets, not even read newspaper articles. But to step back and read something deeper and longer. And its to celebrate those longer pieces. I do believe magazines changed history. The new republican until its recent destruction was the most influence political magazine of the 21
What a deal would mean for the obama administration. It will get to the stories in a moment, but first, some of the other stories we are following. The u. K. Campaign for Prime Minister is formally underway. Parliament was dissolved and David Cameron says britains face britons face a stark choice. He says Labor Party Leader ed miliband is not fit to be Prime Minister. Cameron i know what this world needs, and frankie, i do not think ed miliband has it. Some people might say, do not make this personal. But when it comes to who is Prime Minister, the personal is national. Mark mr. Miliband told Bloomberg Television that businesses are concerned Prime Minister cameron will take the country out of the european union. He said the labour party is committed to staying in. The u. S. Economy may not be able to keep up the momentum after its best quarter since 2006. Consumer purchases rose less than projected in february. The increase was just 0. 1 . The weather may be responsible for some of th
Caterpillar had been reporting most of the income from the sale of its Replacement Parts outside of the u. S. On its u. S. Tax return. Is that correct . That is correct. That is when it sold parts to caterpillars nonu. S. Dealers. Is that correct . Yes. 85 or more of its nonu. S. Income is included on caterpillars u. S. Tax return. Is that correct . That is correct. After caterpillar executed csarl transaction starting in 1999 is the correct that caterpillar basically reversed those percentages and allocated 15 or less of the nonu. S. Parts and come to itself in the United States and 85 or more to csarl in switzerland which had an effective tax rate between four and 6 . Is that correct . Thats correct. In terms of their arrangement that caterpillar had with respect to his relationship with caterpillar csarl that was in fact a business arrangement that included a license for more than just the parts activities themselves and included the entire Business Activities undertaken by caterpil
And india and other major countries that have increasing levels of aleutian of pollution. Suffered manyas forms of Climate Change. This ending sequence shows what would happen if all the icecaps melted. Of theexample, one things of this happen right now is an increase in sea level rise. That will have an impact all around the coastlines of the United States. Of Climate Change could be disastrous. We delay any longer, there might not be enough of the world left to say. To learn more about a competition, go to cspan. Org and quick on student cam. Tell us what you think about the issues these students Want Congress to consider. Post your comment on student cams Facebook Page or tweet us. Next, a Senate Hearing on attack strategies of caterpillar incorporated. 7 00 a. M. , live at your calls on washington journal. Bend is a timber town. It was a timber town to begin with. Timberheight of the industry, if you were to drop 1928, youin, say, would have smelled the mills, you wouldve smelled s