Companies are to go that defined todays action with the dow jumping 113 points, s p climbing 1. 05 , nasdaq falling 1. 59 . First, we all know that stocks have come up a lot from the february lows, but not all stocks. Only a select group of stocks have managed to claw their way back into our hearts. Mainly service companies, international businesses, those Consumer Products corporations and those involved, at least bottom fishing here, went up, resources mining minerals. However, a ton of stocks have been left behind. Especially health care stocks. Theyve been in the doldrums because theyre easy political whipping boys during primary season and theyve had some disappointing earnings. Then all of a sudden someone comes out and says he wants to do deals. He tells us he might have as many as 10 takeover targets and one or two of them will be bought in the next quarter or two. Suddenly were off to the races with animal spirits that jar us into remembering that its not just investors who bu
He is outnumbered with some very strong feelings on what we are learning this hour. Sandra what we need to learn on this as we were talking about before the show, give us some details. Give us the numbers on this. We need those answers. Trish ive got some answers for you. David texting your congressman and staff. Sandra we have got someone standing by on capitol hill, mike emanuel giving us those details waiting on remarks from President Trump as House Republicans are releasing the text of their long awaited tax overhaul. It will preserve the popular 401 k retirement account. But it would put tax detentions for mortgage on newly purchased homes. It would also limit deductibility of local property taxes paid to the Corporate Tax rate would go down from 35 to 20 , and it would nearly double the standard deduction which they say will benefit middleclass earners. This plan is for the middle class families in this country who deserve a break. It is for the families who are out there living
Of course, we say plan, its more of a draft really. The tax cuts and jobs act is expected to go through a series of changes as republicans furiously try to find votes but the legislative clock ticktickticking away. This is one economic event of many. The president earlier had an event to promote jobs. Later today, hes scheduled to introduce his nominee for Federal Reserve chair. But it may be passage of this tax reform package that determines whether republicans hold congress in 2018. For more on the politics and whats inside the package, we have chief White House Correspondent hallie jackson, kacie hunt of course as usual chasing republican members of congress all day on capitol hill. Ha hallie, lets start over there, were about to see the president with republicans at the white house. The last time this happened for a big ticketed agenda item was the illfated victory lap over health care. Whats the president s role going to be pushing this agenda . Youre talking about the rose guard,
Top cop hitting back. How does that sit with you . I get to work with our Justice System every day, and in new york city its definitely not a joke. And charged up. Paul manafort and rick gates preparing for another day in court as President Trump caused the New York Times to deny that he is furious over the indictments. And crackdowns on big social Media Companies for not preventing Election Year interference. Youve created these platforms and now they are being misused. And you have to be the ones to do something about it. Or we will. Good day, everyone. Im Andrea Mitchell in washington on a big day. A big day for tax cuts, at least proposed, a new fed chair and the russian intervention all combining in washington. Hoping to create one big legislative victory for the president before the end of the year. President trump is going to replace fed chair janet yellen with governor jay powell. Another fed chair is not going to be given another four years at the helm of the nations economy.
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