The day before climbing back, still the worst for the dow and s p in two weeks lets get to ylan mui in d. C. For a breakdown on the details that moved the market today, hi, ylan reporter hi, melissa the big news in the senate plan was that it delays the Corporate Tax rate cut by one year it wont take effect until 2019. And then it will go down to 20 . The house also passed its version of a tax bill out of committee. There were some significant changes to the way that it addresses the Corporate Tax code as well. The house version of the bill would raise the repatriation rate from 5 and 12 to 7 for noncash assets and 14 for cash assets it also would implement a new lower rate for Small Businesses that have income less than 75,000. On the individual side, there are also some significant differences between the two plans as well. The Senate Version of the tax bill would include seven tax brackets for individuals the top rate would be cut to 38. 5 . The senate bill also totally repeals the
That company, Michael Evans, thats one you dont want to miss in the meantime, lets get to eunice yuan in shanghai. Well get to her in a moment eunice, good evening, good morning to you hey, guys well, its just past midnight here in china, meaning that singles day has kicked off and hundreds of millions of chinese across the country are going to be shopping until they drop. Maybe not necessarily until they drop, because they are probably at their houses online in their pajamas. Were seeing over the next 24 hours theres going to be a lot of shopping. People are talking about it on social media its a top trending topic. They are buying everything from smartphones, tvs, dog food one company said they are going to be offering a lifetime supply of chinese liquor for 11,111, thats about 1,700. This year there are more International Brands that are taking part than ever before 60,000 of them 7,000 american ones. And that includes nike, lululemon, macys, the gap, and estee lauder as you know, i
Battle, the head of one of the largest brokers has a major warning about crypto currency, he says it would derail the economy. The ceo of interact i have briv will break it all down nelson peltz winning a seat on the board of Procter Gamble the stock is higher by as much as 3 in after hours david faber broke the story and will be here shortly this is a company that declared victory on the initial vote count and here we are, a reversal of fortunes, tim. They declared victory they said they thought she could work with mr. Peltz team. You have to wonder if we havent already done a lot going into this in other words, i think the entire proxy fight was at least something that illuminated some of the key issues of this company. These are not new stories. Its about unlocking value and brands that in some cases have gotten stodgy and a company that might have more value. Even after the company declared its own victory, a lot of analysts were saying this is a clear message to david taylor, the
Well call the subcommittee back to order and thank everyone for their forbearance. We have concluded with member Opening Statements. The chair would remind members, pursuant to committee rules, all members Opening Statements will be made part of the record. And we do want to thank our witnesses for being here today, taking time to testify before the subcommittee on this important issue. Each witness will have the opportunity to give an opening statement, followed then by questions from members. Again, previously mentioned our witnesses, but today we will hear from mr. Michael holmes, ceo cook executive Health Services. Jami snyder, and ms. Cindy mann. We appreciate you being here today. Mr. Holmes, you are recognized for five minutes for an opening statement, please. Thank you, chairman burgess, ranging member green, members of the subcommittee. My name is mike holmes. Im the ceo of cook Health Services, providing mental, dental, Behavioral Health care, in nine locations to more than 1
Well call the subcommittee back to order and thank everyone for their forbearance. We have concluded with member Opening Statements. The chair would remind members, pursuant to committee rules, all members Opening Statements will be made part of the record. And we do want to thank our witnesses for being here today, taking time to testify before the subcommittee on this important issue. Each witness will have the opportunity to give an opening statement, followed then by questions from members. Again, previously mentioned our witnesses, but today we will hear from mr. Michael holmes, ceo cook executive Health Services. Jami snyder, and ms. Cindy mann. We appreciate you being here today. Mr. Holmes, you are recognized for five minutes for an opening statement, please. Thank you, chairman burgess, ranging member green, members of the subcommittee. My name is mike holmes. Im the ceo of cook Health Services, providing mental, dental, Behavioral Health care, in nine locations to more than 1