Nations in the world. Corporate rates will be reduced from 35 all the way down to 20 , which will make us competitive again and Companies Wont be leaving our country. Finally, our tax plan will return trillions of dollars in wealth to our shores so companies can invest in america again. At the same time, we are working to reduce wasteful government spending. We will hear from budget director mick mulvaney, who is working with my cabinet, to find taxpayer savings in each and every department. The cabinet members with us today are working on getting reductions to their various apartments that we think will be able to save a lot of money, even lower than the budgets we are submitting. We will be working on health care, infrastructure, and welfare reform. We are looking very strongly at welfare reform and that will all take place right after taxes. Very soon, very shortly after taxes. Onwill be submitting plans health care, plans on infrastructure, and plans on welfare reform, which is des
Good monday morning, welcome to squawk alley joining us this morning, Roger Mcnamee, elevations partner cofounder. A lot to get to with roger today. Speaking of which, the dow kicks off the week in the green, but while were in the midst of this record run, some are questioning if a top is near we want to pose that question to you, roger, because youve been kind of skeptical about this runup for a while now i wonder if you think youre hypersensitive to signs of a top. Well, you know, its funny, carl my sensitivity is based on just looking at the situation, you know, politically and how all of that relates to markets. To my mind whats going on right now is very simple, you know, we have a massive tax cut thats running its way through congress, and i think the market is making a really good judgment that in all probability some portion of that tax cut is going to go through and thats going to reward investors in a big way. Now, does that make the top . It could easily do so. This could be
Office. President meeting meeting with y of state Rex Tillerson and after announcing plans to put north korea on the terror list. What that means and why the white house says this is critical move. David getting back to stocks climbing today. They were driven by shares of cisco, verizon and home depot. Nicole petallides on the floor of the new york stock exchange. I want to start with Janet Yellens resignation. Happened 2 00 p. M. Eastern time. No movement in the market there was a time anything that the fed said, particularly janet yellen said over the past seven years would move the market. Seems like that power is gone completely. Very interesting that you say that. I guess the expectation she would be stepping down shortly as fed chair. We know we have a new fed chair powell in line to take over that was a little bit of unexpected news but truth of the matter is, youre absolutely right, weve been higher throughout the day. The dow finishing up 72 points. Not really reacting to fed
And london, this is bbc world news. Its newsday. Thank you forjoining us. Its 8am in singapore, midnight in london and 7pm in washington, where President Trump has declared north korea a state sponsor of terrorism, as he increases pressure on kim jong un over his nuclear ambitions. Speaking to reporters at the white house, President Trump said the move would trigger further sanctions against pyongyang to be announced on tuesday. The United States is designating north korea as a state sponsor of terrorism. This designation will impose further sanctions on penalties in north korea and related persons, and supports the maximum Pressure Campaign to isolate the murderous regime. The one you have all been reading and writing about. Tomorrow, the Treasury Department will announce an additional sanction, and a very large one, on north korea. This will be going on in the next few weeks. It will be the highest level of sanctions when it is over. The north korean regime must be lawful and it must
Where President Trump has declared north korea a state sponsor of terrorism as he increases pressure on kim jong un over his nuclear ambitions. Speaking to reporters at the white house, President Trump said the move would trigger further sanctions against pyongyang to be announced on tuesday. This designation will impose further sanctions on penalties in north korea and related persons, and supports our maximum Pressure Campaign to isolate the murderous regime. Tomorrow, the Treasury Department will announce an additional sanction, and a very large one, on north korea. This will be going on in the next few weeks. It will be the highest level of sanctions when it is over. The north korean regime must be lawful and it must end its unlawful nuclear and Ballistic Missile development and stop all support for international terrorism, which it is not doing. The new us restrictions are seen as a way of increasing pressure on other states and foreign banks that might not be fully enforcing exis