With President Trump one year after the election on a day were all three major indexes hit three record highs dow up, s p gained 1. 4 , nasdaq up 2 . I think we got to take time and ponder the strengths trump is as pro business as it gets the s p rallied 21 since the election however the president has a lot less control over the economy than we like to pretend. The tax of germany rallied almost 28 kospi of South Carolina up 27 none of those are about trump right . Whether you got a Global Economic expansion stocks tend to run higher, regardless of the politics, style or substance of the leader the president s been a terrific salesman for international companies, best in my life time for certain. Making it clear that Foreign Countries want to appease him they need to buy and build american hes an old fashion list china chopped full of ceos who wants more business. Thats a big change when trump was elected and many people thought hes do a trade war with china to bring jobs back to this c
But at the highs of the session. , coming off the lows when the picture was looking a little bit worse. The picture improving. What is behind some of this, a low speculation, perhaps worries about tax reform and the Producer Price index come in hotter. Maybe worry the fed will raise rates a little bit faster than expected. There is also a cross asset picture happening, especially with oil. This is what started the declines. Iea cut its forecast demand for 2018, citing the 201 price gains and a milder normal7 milder than normal winter would temper demand growth. Thees below 57 and 56 to 55. 5 dollar mark on oil. That is translating to dragging down some energy stocks. Goldman downgraded the oil services and equipment to neutral from negative. Citing caution on their offshore drilling. You are seeing those go lower. Baker hughes is having a ge affect with the ge board may conclude they may need to divest investment, but it could take years. Bakeries use as well off today. Baker hughes as
Rosa devoted her career to fighting for working families. Shes fought and i know because i fought alongside her for part of that time for raising the minimum wage, giving employees access to sick days and allowing workers to take family and medical leave. Shes been passionate on issues of equal pay for equal work. Shes been fighting recently tooth and nail to protect the aca for fair trade. I will tell you some of you may not know about rosa is if she has your cell phone number, shell call you. Nutrition and ge getting to the point to have days conversation, shes been working on this issue of child allowance or at least fully refundable tax credit which is pretty equivalent for many years. She is not a newcomer to this debate. And, in fact, people may not know this. Its a great little trivia point for those in the child allowance world is that thanks to rosa the Congress Actually voted on an amendment in 2003. Im old enough to remember on a fully refundable Child Tax Credit and the ame
I will tell you i voted against the welfare bill, one of the proudest votes i have cast in the 26 years i served in the house of representatives. I need to set that record out there. Jared bernstein, i thank you for moderating this discussion and for the great work you do. One of the foremost leaders of economic policy. They do improve the lives of working americans. I want to recognize ron haskins and jane for the groundbreaking work on this topic then paves the way to so many conversations that were helped today. The Solutions Discussed today provide a constructive framefor members of congress. To approach the universal child allowance, the expansion of Child Tax Credits. It has been a productive and thoughtprovoking day. An opportunity to speak to you. It is a sitting book end to a Conference Held 50 years ago. And the school of social work, hold children allowance conference, expert in social welfare and economics with policies about makers to assure the issue of child allowance wa
And the health secretary, jeremy hunt, are chairing a meeting of the Emergency Response committee, cobra, this morning, to discuss the handling of the cyber attack, which hit parts of the Nhs In England and scotland on friday. Dozens of hospitals in england and scotland have been forced to cancel some operations and appointments today, and some gp surgeries are still experiencing problems as staff begin a new working week. Lincolnshire hospital said all tests, and routine surgeries have been cancelled. Meanwhile microsoft said governments around the world should treat the attacks as a wake up call blaming them for storing data on Software Vulnerabilities which could then be accessed by hackers. Its thought over 200,000 computers have been affected worldwide with russia hardest hit. In the past half hour the National Crime agency has tweeted this saying if youre a victim of ransomware do not pay theres no guarantee that access to your files will be restored. Here, security minister ben