Points. Were off the lows of the session. Well talk about whether or not this is baked in. Whether or not were powering higher to 25,000, amid the news the gop is finally get something done. Welcome, everyone, to the intelligence report. Im trish regan. Well get reaction from two republican lawmakers on the tax vote. Plus an update on the deadly Train Derailment in washington state. First to adam shapiro on capitol hill with the latest on the tax reform as they begin the vote. Reporter the vote underway. We expect when the house passes it. They move to the senate. Motion to proceed and to flight well have a vote in the senate. Mitch mcconnell said as much. Recap what some of what paul ryan said as he was closing the arguement why people should vote for this bill. In the short term every american essentially getting a tax cut. That is in the short term. This will put money back in peoples pockets. One phrase he is saying quite a bit, trish, the conditional of your birth should not deter
Decline by a less than a percent for the hang seng and shanghai down a quarter percentage point. In early trading in europe, there are red arrows across the board. The dax is down by a tenth of a percent. Same thing with the ftse cac is down by slightly more than that. Declines also in italy and spain. Looking at crude oil prices, you will see that crude oil is up about 18 cents to 57. 74 lets look at the tenyear yesterday the tenyear topping 2. 4 well look at that in a bit. Here it comes. Yep 2. 455 . Slightly lower than yesterday, but still above 2. 4 this is past the point that Rick Santelli told us to watch for a breakout i read that all of the money not spent on its not true, but all the money not spent on taxes is going to Debt Services as rates go up yeah. Some of it will be. As rates go up, yeah. I was thinking about that this morning as they talk about the government funding needed for the projects i think it was the new york city subway i think what happens as Interest Rates
Virginia. News at 10 starts right now. And webegin tonight with breaking news. Crews are on the scene of a townhouse fire in Montgomery County. And as many as 100 firefighters battled the massive fire in the 3500 block of soft wood terrace. Lauren demarco is live at the scene with the latest. Lauren we understand a firefighter was injured in this. Reporter the sarah, i just got the update. Two firefighters were injured and i want to you take alook right here. You can see theres still pretty heavy smoke coming out of the roof of one of these units. It as i row of five town home units. Sky fox was over the scene earlier as flames could be shooting from this row of homes. Home in senter is believed to be where the fire started and its not clear exactly what caused it. The flames broke ut on the deck. Thats where it started. And at this point, firefighters still trying to put out the hot spots and make sure this is completely under control before they can clear the scene. A lot of firefigh
Benjamin segal oversees nearly 300 billion in assets. Thank you for joining us. Lets start with the u. S. Dollar. It has been weaker. Is this the result of central foot off andtheir backing away from quantitative easing or does it have to do with washington . Its a bit of both, the central bank is unwinding and Interest Rates will go up. The u. S. Central bank, the fed, will be first and that would argue for a stronger u. S. Dollar. I think you are also seeing the economic recovery in europe which is driving european stocks and European Economic and. Eavily the companies there are feeling more optimistic. Therefore, the prospect for rate rises in europe potentially. , weink that combination have had some political dysfunctionality in europe around brexit in the elections last year. I think we had a little concerned there but as those concerns of bait and some political concerns in the u. S. , higher Economic Activity in europe, more Political Uncertainty in the u. S. Is taking the u. S
Used to being up this late and they really blame rand paul for this. This is something he said he was going to take a stand on and not care about the consequences. He wanted to make sure that this massive deficit busting package did not get through without a fight. He certainly put on a fight. He was on the floor from 1 00 or 2 00 in the afternoon until 1 00 a. M. As soon as time ran out and the senate had a chance to vote, they got through very quickly. It was a very quick pace. They had the regular passage vote all within a couple of minutes. The senators were ready to get out of there. Greta so it passed in the senate and went over to the house and passed over there as well. You had democrats objecting in both chambers and republicans as well, but they had the numbers to pass it. What happens now . Sarah we finally have the top line spending levels that everyone on capitol hill has been asking for, for nearly a year now. Appropriators can get to work. They can start writing the tril