The Senate Passed the aid bill for Hurricane Harvey, the 15. 3 billion is nearly twice as much as President Trump requested, including raising the debt ceiling for three months under a deal democrats made with the president. Three people familiar with the matter say the white house is considering at least six candidates on the growing list of nominees to succeed fed chair janet yellen after the wall street journal reported wednesday that President Trump is unlikely to choose his top economic adviser, gary cohn. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, amazons next big move. The house that bezos built wants to set set up another h. Q. And a project big enough to house 60,000 employees and each u. S. City has until the end of october to put in a bid. Plus, gopro refreshes its outlook. And product line. The c.
Almost all of the island without access to power, clean water, food and fuel, president donald next says he will visit tuesday. Hes also refused to waive shipping restrictions to help get gasoline and other supplies to puerto rico, even though he weighed those restrictions twice in the last month following hurricanes harvey and irma, which hit the mainland United States. We will get response from nelson denis, former new york state assemblyman, about the law strangling puerto rico and from democracy now s juan gonzalez. Then calls are growing for a independent investigation into the u. S. Backed saudiled war in yemen that has ravaged the countrys infrastructure, stripping the country of social services, triggering a massive cholera outbreak. Well speak with radhya almutwakel, chairwoman of the yemeni civilian society to brief the u. N. Security council on the war in yemen. Then Muhammad Yunus, the founder and managing director of grameen bank and recipient of the 2006 Nobel Peace Prize
Last among developed nations we pay the highest tax of any nation in the world. Our rate is the least competitive rate there is. Our business tax rate is 60 higher than our average economic competitor think of that. And then you say, how do you compete . Well, in many cases, you dont our companies leave. They go to other countries its a massive tax on every product made in america, giving countries like germany, south korea, china, and mexico, not to mention so many others, a massive head start over american industry it is time to go from dead last to pretty much the front of the pack [ applause ] pretty much. We wont be the lowest, but well be getting pretty close. Under our framework, we will dramatically cut the business tax rate so that American Companies and workers can beat our foreign competitors. [ applause ] we will cut the business tax rate from 35 all the way down to 20 below our average competition by far and this is a revolutionary change and the biggest winners will be ev
As how we trade. The dollar, flatter on the day. Less than 82 basis points. This is what the banks will hate. The vix under 10. A tough quarter for them. The morningfor brief. We are going to get weekly u. S. U. S. Priceims and index data. Trump is set to sign an order he says will promote Health Care Choice and competition. At 1 00, the u. S. Treasury will auction 12 billion in 30 year bonds. Emma little progress has been made in talks with the uks with the u. K. Much is deadlock over how the u. K. Will pay for the right to leave. Davis is urging leaders to take a step forward and move talks to trade. The death toll is rising from the wildfires devastating california. At least 23 people are dead. 180 are injured. Hundreds are reported missing. The fire has destroyed at least 3500 homes and businesses. Get congress to repeal obamacare, so he is going after it himself. He will sign an executive order that the white house says will promote competition. It will likely allow people to band
At 1. 9s coming in billion. Investment banking revenue at 1. 3 8 billion. We will discuss later in the hour. Well get Goldman Sachs. David time for the morning brief. We will give you you as production data. The greek Prime Minister will be visiting the white house today. There will be a joint News Conference at 1 30 this afternoon. At 3 00 we will get an idea of how the fourth round of nafta investigations have gone on. President trump will deliver a major policy speech on tax reform tonight in washington. Thats coming up at 7 30 this evening eastern time. In the u. K. Data came out showing the highest inflation right in more than five years in september. Increasing the odds for boe policymakers to raise rates for the first time in a decade. Earlier this morning mark carney reiterated the bank expects inflation to peak above 3 around october. After the data came out the pound raced in advance. Hsbcrevised forecast expects the pound to reach 135 of from the initial call of 120. Now we