That, you see some famous sites of new york as it passed through the statue of liberty sailing into lower manhattan. World trade center in background of one of these sites, brings up memory this ship has been here before. Three days after 9 11 it helped out with first spenders then. It is back for a second go around. You have 12 operating rooms. 700 beds put into circulation right away. Mayor de blasio speaking, talking about new york has been asking for help and now the help has arrived. Heres the mayor. I cant tell you how much this means. It is so much more than even we realized at this moment, that our nation has heard our plea for help here in new york city and there could not be a better example of all of america pulling for new york city than the arrival of the usns comfort. Some major, major moment in this long battle. Connell mayor de blasio thanking by name both President Trump and defense secretary mark esper in participate of his remarks. You see numbers. New york needs hel
Who says they need a deal more than we do . Former republican congressman trey gowdy and democrats revving up for a new Hillary Clinton probe. A fear that the vote on a new usmca is doa. Its a busy hour. It kicks off right now. Neil all right. I dont have to say anything. Look at the lower righthand corner. It is green. The market is up. It might seem like a simple thing but important thing. A lot of recommendations over the years weve been receiving from you what could make Business News more palatable besides me anchoring two hours of it on this fine channel. Okay, maybe not. What well be doing the next two hours is showcasing some of the things you have been requesting over the years and we made very copious notes of the things you like, the things you didnt like, trying to explain Business News in ways that are always english. That is a big thing with us here on fox business. Also an appealing way so you can see it, grasp it, on our website, even on the tv product youre looking at
Apple. Be that as it may, the s p is falling for the fifth straight day. Again it is on track for its biggest loss since going back to december. The 10year note, which is a good barometer how people are feeling, if you are nervous, park your money in notes and bonds, people are doing that, these are the lowest yields in the better part of three years. Were keeping an eye on that, keeping an eye on other things were waiting for. President might comment on that or all the above. He wants to up the trade ante. The latest besides affecting tariffs virtually on everything we get with china, he is talking increasingly now it starts at 10 with the remaining goods. It could go up still further. As stuart was pointing out. A lot of other goods and services were talking aabout could easily ratchet and move in different directions. Well keep an eye on that. Also keep an eye on what has been happening on the Precious Metals front. Gold, for example, getting a lot of buying interest, a little less
The backdrop, the strong economy, that is leading to a surge in travel, period, but tax reform doesnt go through then what . Lets go to scat martin who has been crunching numbers on the then what possibilities, what happens then, scott . Neil, i think we see a pullback and i think we see a pullback and a surely equity prices, anticipation of tax reform, Regulatory Reform to some degree we have seen and equity prices have responded positively and youre also going to see pullback in consumer spending. The nice thing Going Forward for us is the following, 401 k balances are on record, great year that makes you confident and probably more confident in your job than a year or two ago, thats likely going to make you take out the wallet as you go to holiday spend, without fax reform, that momentum likely doesnt continue. Neil a couple of different reads on this. Youre probably taking them all in. Morgan stanley saying, you know, to a point we have been debating, be careful what you wish for b
Him. He is saying essentially, not so much. The white house says there is a deal to separately appease senator ron johnson of wisconsin. He indicated he would like to be a yes vote but thinks smaller, medium sized businesses are not being treated fairly. Theyre talking about a vote by the end of the week, maybe in the weekend. Daily caller editor vince come come collagnese about this. I wonder if this was a way to nudge republicans on the fence to fet off the fence . What do you think . Rand paul is honest broker. He committed to his ideology. He is very honest what his problems with this tax bill has been. He is one of the first republicans came out, i have a trouble with this if it raises taxes on middle class. Look how far he has come. Now he will support this thing. Not all of what he wants. It gets a lot closer. He feels closer that the administration will move for tax cuts on annual basis. That should provide anybody who is republican, who had discomfort with this, some level of