His attorney is arnold reeve. It is not up to nancy pelosi. Nancy pelosi did not elect the congressman, she sure as hell wont be the one to tell him to leave. That decision will be completely up to the congressman. He has not thought about that, he is thinking about his health, about getting well. Mark he says conyers was hospitalized after feeling lightheaded late wednesday. Pope francis is demanding that the International Community take efforts to dissolve the mass exodus. Speaking in bangladesh, he wrote broke his recent silence over what the United Nations have declared to be an textbook case of ethnic cleansing. He also said world powers must provide help to the government to cope with the refugee crisis. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. Im Mark Crumpton, this is bloomberg. Julia live from bloombergs World Headquarters in new york im julia chatterley. Julie im julie hyman. Joe julia im Joe Weisenthal. We are minutes fr
When the jct, the joint committee on taxation, released a dynamic estimate of how much growth they expect this tax plan to generate. And its a lot less than republicans were hoping for. The jct estimating the tax plan would generate 407 billion in additional revenue over the next decade and that is not enough to cover the 1. 4 trillion cost of this tax plan. The Senate Finance committee putting out a statement saying that this analysis is curious and deserves further scrutiny and they emphasized that the final version of the tax bill is not yet complete it is still being hammered out on the senate floor. Another important thing to note is that the jct assumed a very aggressive response by the Federal Reserve to a strengthening economy. That is also very different from what we have been hearing from jay powell and janet yellen over the next few days. So even if you discount that, however, there is no way, according to the jcts analysis, that the republican tax plan will pay for itself.
Which it hit and closed at yesterday, specifically this headline was the trigger. Abc news breaking into regular programming to report that flynn will testify that President Donald Trump directed him to make contact with the russians on how to fight together against isis. But then news that senators who were maybes on the tax bill front shifted to yeses. The markets bounced back as Senate Majority leader Mitch Mcconnell confirmed the senate locked up the 50 votes needed to pass the 1. 5 trillion tax reform bill. Wait until you see whats been added to the bill. No more gift card allowed . Senator john kennedy is getting to our Camera Position in washington, d. C. Right now to clarify that, and to tell us when the senate may vote on passage. Now you see on capitol hill, it is continuing. Were not quite there yet, but thats senator jim scott and were going to wait and see, got our eye on that. Plus all this as a Government Shutdown looms and threatens congressman blaine luke meyer, he rea
We are halfway through the trading day, and its been a little choppy. Julie this has been a flashback to what we were seeing last week where we are seeing a diversions between technology in the form of the nasdaq going lower as the dow gains on nearly on1 . It appears we are seeing rotation into things like financials out of things like technology, as we see some optimism surrounding the tax plan, but it is not universal. If you look at the nasdaq, the largest Cap Tech Companies are being affected more. That is outpacing the declines in the broader nasdaq composite. A couple examples of stocks we are seeing being traded lower. And square. This appears to be a combination of factors. Weve learned that a Company Paypal acquired was the victim of a Cyber Security breach that affected as many as 1. 6 million accounts. Both paypal and square do not have as much to gain from a tax cut because they have a tax rate. Low im not sure if we have a chart of those companies. There they are. Paypal
S p off by 13. Yesterday we saw a swing of 400 points or more we were up by 100, 350 i need more than 140 to get worried . No, thats a yawn at this point. 0. 6 at this point if you think back to all of last year watching, if it starts down 140, you could look away, look back, be down 800. You saw what was happening with treasuries. Lets look at that board once again. Looking at treasuries, these are the yields, the tenyear yielding 2. 831 . Stepping back from the 2. 9 it crossed yesterday. Check out the twoyear, 2. 069 look at europe thats where the markets are open for early trading at this point it looks like no, no back that up asia closed, but the nikkei down by 0. 6 hang. Shanghai up by 1 in europe, you can see active trading now, at least at this point things are relatively mixed ftse slightly higher but declines of a quarter percentage point for the dax in germany and the cac in france. Earnings still coming in this is a big one. Pepsico reported 1. 31 for the Fourth Quarter, a