Overhaul in three decades. The vote was split down party lines, not a single democrat defecting in support of the bill. Treasury secretary secretary and gary cohn laid out the tax reform framework back in april. President trump applauding his republican colleagues for passion what he says is the largest tax cut in history. Hes also applauding big businesses for taking first steps to implement changes. These companies will all benefit from the corporate thanks rate dropping from 35 to 21 . At t is paying a 1,000 bonus to all employees. Boeing investing 300 mill in charitable donations and workplace investment. Comcast dishing out 1,000 in bonuses to 100,000 employees and investing 50 billion in infrastructure. Fifth third and wells fargo hiking their minimum wages to 15 an hour. The market celebrating this tax overhaul. All three major markets closing in the green for the week. Robust business spending fueling the economy in the third quarter. Growing at a rate of 3. 2 . Turning back to
Overhaul in three decades. The vote was split down party lines, not a single democrat defecting in support of the bill. Treasury secretary secretary and gary cohn laid out the tax reform framework back in april. President trump applauding his republican colleagues for passion what he says is the largest tax cut in history. Hes also applauding big businesses for taking first steps to implement changes. These companies will all benefit from the corporate thanks rate dropping from 35 to 21 . At t is paying a 1,000 bonus to all employees. Boeing investing 300 mill in charitable donations and workplace investment. Comcast dishing out 1,000 in bonuses to 100,000 employees and investing 50 billion in infrastructure. Fifth third and wells fargo hiking their minimum wages to 15 an hour. The market celebrating this tax overhaul. All three major markets closing in the green for the week. Robust business spending fueling the economy in the third quarter. Growing at a rate of 3. 2 . Turning back to
Work, transportation goes away, the deduction goes away. Small things that wont be there that people rely on. One thing that i think is critical that theyve missed, theyve kept the carried interest, and benefits the hedge fund managers, and theyre paid as if theyre investing money, thats not fair, thats got to change. Trish im glad you brought that up. This is something the president promised to address and i think we have some sound of here from the campaign trail talking how he would address this inequity. As part of this reform, well limb nate the carried interest deduction, wellknown deduction, and other special interest loopholes that have been so good for wall street invests and for people like me, but unfair to american workers. Trish gary, i want to clarify something because a lot of you get a little concerned about this and afraid that perhaps it would affect their investments. What they need to clarify here, were not talking Capital Gains for everyone, were talking a very sma
Overhaul in three decades. The vote was split down party lines, not a single democrat defecting in support of the bill. Treasury secretary secretary and gary cohn laid out the tax reform framework back in april. President trump applauding his republican colleagues for passion what he says is the largest tax cut in history. Hes also applauding big businesses for taking first steps to implement changes. These companies will all benefit from the corporate thanks rate dropping from 35 to 21 . At t is paying a 1,000 bonus to all employees. Boeing investing 300 mill in charitable donations and workplace investment. Comcast dishing out 1,000 in bonuses to 100,000 employees and investing 50 billion in infrastructure. Fifth third and wells fargo hiking their minimum wages to 15 an hour. The market celebrating this tax overhaul. All three major markets closing in the green for the week. Robust business spending fueling the economy in the third quarter. Growing at a rate of 3. 2 . Turning back to
Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a faster rise in Interest Rate than we expect giving more competition. The cd rates, why am i taking this risk in