We also take your calls and you can join the conversation on facebook and twitter. Washington journal is next. Host good morning and welcome to washington journal. The New York Times is reporting that President Donald Trump paid 750 dollars in federal income taxes year he won the presidency and another 750 the first year of his presidency. The president is still refusing to make his taxes public, as is tradition for those running for the nations highest office. The president has called the story fake news. We want to know what you think about it. The question of the day is the New York Times story saying 750 int trump paid federal taxes in 2016 and 2017. Democrats 202 7488000. Republicans 202 7488001. 202 7488002. And you can always text us at 202 7488003. And we are always reading on social media on twitter at cspan wj and on facebook at facebook. Com cspan. The story of the day comes from the New York Times. The story saying that President Trump has paid only 750 dollars in federal i
, warning a significant backer for years to come. Secretaryse cabinet pledging to maintain policy if he wins, but says more can be done. Lets get a quick reminder how u. S. Stocks ended. The s p closing at a fresh record. This in the face of warnings of a k. G. Recovery and pessimism relief bill. Tesla dropped as much as 15 after Bailey Gifford cut its stake. We are seeing s p under pressure. Lets check in on oil. Below 42 after slipping to a three week low with upcoming refinery maintenance weighing along with a stronger dollar. The greenback rose the most as the euro slips positioning. Technicals are favoring abounds in the dollar, according to scotia bank. We are shaping up in asia, futures pointing higher, holding above 106. Yoshi keeping big stimulus going in japan. We will be watching chinese tech giants after india banned appser sets set of including baidu. Drivers fueling performance of chinas big tech stocks from march lows. The rally has been broader on the mainland than in t
He shanghai composite up asx 200 picking up where it left off on wednesday. That was shrugging off the dreadful gdp numbers. Looking at the foreign exchanges, dollar weakness is being snapped, the dollar coming back against a popular currency. The bloomberg dollar index is moving higher. Seeing more yuan strength, the yen weakness has been pronounced and the euro is in the crosshairs of where currency traders are. There we go. Joining us now, trade j. P. Morgan Asset Management global strategist marcelo chow. Give us an idea where we are with the rally. It is looking toppy at the moment, but i have been saying that for a while. Good morning and thank you for having me back here. Index has record high been phenomenal so far. I think this reflects and factors expectations for 2021 andto recovery in 2022. As you mentioned, the recovery so far has been quite uneven. The Technology Sector is responsible for a significant share of the rebound. It seemed like there has been some good news val
Waldman a california grand jury handed down this indictment and it claims concealed weapons permits were treated for Political Campaign contributions. Kron fours rob fladeboe has the story now from san jose. A Santa Clara County civil grand jury has indicted a captain in the Sheriffs Office and 3 other men on bribery and conspiracy charges for allegedly trading concealed weapon permits for cash in the form of political donations says District Attorney jeff rosen. Holding Public Officials accountable for their misconduct is an essential part of our mission and our duty to the people of Santa Clara County. We immediately started a criminal investigation and sheriffs captain james jensen is named in the indictment says along with local attorneys, christopher sharm and harp all the hall and milpitas Gun Store Owner michael nichols. They are accused in a scheme where bribes were exchanged for hard to get concealed weapons permits. Which are issued by the Sheriffs Office our investigation fo
We are also getting some breaking news out of china for end of july Foreign Exchange at 3. 1 coming in trillion. It is a touch above that. The markets also focusing on the stimulus in the u. S. That may or may not be coming. President Donald Trumps latest attack on Chinese Companies also stoked tensions with beijing, which is why we are seeing treasuries and dollar actually rising. The president signing an executive order prohibiting u. S. Residents from doing any business with wechat, tiktok, or the owners of these chinese apps. Now, lets get straight to the bloomberg first word news. There has been no headway in talks between the white house and democrats over a new virus relief package. There are still major sticking points and both sides are accusing the other of refusing to compromise. One key difference is the top line number. The democrats want 3. 5 trillion of aid. The republicans want 1 trillion. Another round of monetary stimulus is expected from the bank of england. Policyma