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Transcripts For MSNBC MSNBC Prime 20240707

back better agenda to efforts to fight climate change, to attempt that filibuster reform, to taxing billionaires. joe manchin is made himself the man standing the democratic agenda yelling, stop. tonight may have just had a major breakthrough. the top democrat in the senate, chuck schumer released a joint statement with senator manchin saying the west virginia democrat will now support, not oppose, but yes, support the democrats big new budget deal. despite objecting to it just two weeks ago. now, we don t have all the details yet. but a one page summary says that the deal will make progress in some pretty big areas, including a 15% minimum tax on corporations, along with other unnamed provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. increase clean energy product

Transcripts For MSNBC MSNBC Prime 20240707

democrats big new budget deal. despite objecting to it just two weeks ago. now, we don t have all the details yet. but he one page summary says that the deal will make progress in some pretty big areas, including a 15% minimum tax on corporations, along with other unnamed provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. increase clean energy production and, this is a big one, decreasing carbon emissions by 40% over the next eight years. which of course would be huge. it s already been called the biggest climate bill in american history. tonight, senator schumer s office has released the text of the bill. it clarkson at 725 pages. obviously this is not a done deal yet. reactions from other democratic members of congress have range from cautious optimism to outright fr

Transcripts For MSNBC MSNBC Prime 20240707

chuckat schumer, released a joi statement, with senator manchin saying that theem west virginia democrat will now support, not oppose, but yes, support the democrats rt big new budget dea. despite objecting to it, just two weeks ago. now, we don t have all the details yet, but a one-page summary says that the deal will make progress in some pretty big areas. including a 15% minimum tax on corporations, along with other provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. decreasing energy production and decreasing carbon emissions over the next 40%. which would be huge. and 725 pages. obviously, this is not a done deal yet reactions from other democratic members of congress have ranged from cautious optimismge to outright frustratn at having apparently been kept out of t

largecaps: Telling clients to keep buying and use this fall as an opportunity: Rahul Shah

In the bull markets, Rahul Shah advises clients to keep buying largecaps and use the fall as an opportunity. In midcaps, profits are being booked after the healthy corporate earnings season. Rahul recommends overweighting midcaps like PNB, Union Bank, Bank of Baroda, Jammu & Kashmir Bank. ABB and L&T are top picks in the capital goods sector.

Volatility: Book profits wherever you can as it could be a range-bound, volatile market in near term: Venugopal Garre, Bernstein

Venugopal Garre says: “The current play on PSU infrastructure is good. It is good for the next maybe 12 months but you will have to start looking at more proactively potential opportunities in the private sector and whether these PSUs can actually tap that or not. Quite a few of them cannot. So this is a transition phase for them because a mix of capex will change over time.”

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