Australia pile on the runs to take firm control of the fifth and final ashes test in sydney englands bowlers only pick up two wickets all day. And the story of a kenyan woman who celebrated her 117th birthday last year, told by her own great granddaughter. Thats in half an hour here on bbc news. Good afternoon and welcome to bbc news. President trump has rejected suggestions by the author of a controversial new book that he is mentally unfit for the white house. In a series of tweets, mr trump called himself a very stable genius. and he said his two greatest assets in life had been his mental stability and being smart. It follows the publication of a book by Michael Wolff that said many of the president s staff view the president as childlike. Jessica parker reports. Boarding a flight to camp david for high level meetings, and heres the image trumps team is trying to project order, professionalism, control. Getting on with the job of running the most powerful country in the world. But
First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will put more money in it workers paychecks but the same time t
That dow ever close above 26,000 came after eight trading sessions youve seen four days this year where you have seen the dow going up 200 points or more. It only had six days like that last year. This morning futures are relatively flat. Dow indicated up 2. 5 points. Overnight in asia, china reporting Fourth Quarter gdp of 6. 6. 8 , bringing the 2007 gdp to 6. 9 we will get china bay book data at 6 30 a. M. Eastern time, independent Data Collected from businesses from china. Check out europe, where early trading is already underwa way the dax is up. In france, trading up by 0. 10 the treasury yield which we have been watching so closely, pushing above 2. 6 for the tenyear 2. 603 so we were at 25,000 and 1,000 points in eight trading sessions 1,000 on 25,000 is 4 think about 4 . What is every person say, sell side guy say coming on here. Mid Single Digits 4 . So either its more than that or there will be a lot of reversion of the mean. We did 4 already. I get a bit annoyed because its
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Now to the lead, square has filed for public offering, this according to people with knowledge of the matter. The platform was founded by jack dorsey, you know him as a cofounder of twitter. Currently he is the interim ceo. Last year they processed 30 billion in payments from merchant customers. It is expanding into other areas like business lending. Joining us to discuss their future is leslie picker who broke the story for bloomberg news. Also the cofounder of button. Leslie, why file confidentially isnt that suspect . Because they can. They have less than 1 billion in revenue. He gives them the opportunity to make revisions with the fcc, it is about a three month process. And if you are a Small Company like square, you can do that outside the public eye. Most companies, it is close to 90 that can file confidentially, because they do not want all this back and forth with the fcc in public. Matt 30 billion is a lot to process, but not big enough to file publicly, is this a step they h