Understand how much of a hole its going to blow into the Housing Production but i expect that there are other unintended consequences by twhesm just found out last night that wind and solar will also have the same issue in being impacted by this. I hope we can adopt my amendment and fecks this. I hope we can slow down and understand this important part of our tax code. Thank you, mr. Chairman. Senator grassley. Mr. Chairman, members of the committee, im not going to vote for this amendment but i do appreciate that she brings up an issue that we better be very, very certain about, not only because of low Income Housing but also because of Renewable Energy and she mentioned wind and solar, something that should not be touched, and it is hurt very badly in the house bill. Shouldnt be tutched by any of this stuff. We made an agreement three years ago to be in transition get rid of the tax credit 20, olar 21, for wind in and as i indicated yesterday or two days ago in our discussion in my v
The rally created a little bit of a left in european stocks. The dollar falling, weakening after janet yellen warned of rate increases. Of course, i am looking at the pound on the back of the budget and oil heading for its highest close in two years on extending output puts. We hvave a great show for you today on budget day. That conversation at 10 30 a. M. London time with normon l amot. Of a dodging the risk snap election. While merkel has publicly stated she is open to another vote, the president is to renew the partnership. Zimbabwe is waking up to the post mugabe era. There were to be let there scenes lastnt night. What will take over as the leader. A u. S. Navy aircraft carrying 11 crew and passengers has crashed into the sea. The seventh fleet was on route to the uss Ronald Reagan. They are conducting search and rescue operations. Because of the crash is currently not known. The outgoing chair of the Federal Reserve has cautioned that raising Interest Rates too quickly with infl
Very dad day indeed. Im trish regan. Welcome to the intelligence report. For millions of americans, they willer paychecks. Also breaking today, walmart handing out bonuses and raising minimum wage. And why . Because of the republican tax bill. I wonder does nancy pelosi and many of her friend think this law will bring on the apocalypse as she so not eloquently said . President trump making it clear he will not support any immigration bill if it doesnt include the wall. We need to get rid of the visa program. Why do we let anybody in the couny with chain migration and lossry . Why donte have a meritbased system . Hear how difficult it is to get a visa from other countries. Treasury department announced new details about the tax law and it means as bigger paycheck for everyone. I like it. Blake . Reporter let me walk you through some of this, trish. As you know when the tax bill was signed late last fall, that the republicans said you would have more tackhome pay. Treasury, irs, is tryin
Islands east coast. There are also reports of people trapped inside a hotel. A french prosecutor is asking for a four year prison term for a man accused of hiding killers and Islamic State attacks in paris. He knew he was harboring criminals and that there wasnt enough evidence to prove he was involved in a violent attacks. He is called for the maximum fiveyear sentence for knowing who the men were and what they were plotting. The attacks killed 130 people. Calledassanges lawyers it warned to be revoked after a Sexual Assault case against him in sweden was dropped last year. Assange has been living in the Ecuadorian Embassy in london since 2012 when the war was first issued. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloomberg headquarters in new york, i am julia chatterley. Tradingre 30 minutes on into the close, and big volatility index retreating from yesterday si
The street. Hopes on greece fueling another big up day, not to mention another up day in china overnight. Bob pisani is at the nyse. Right now theyre holding, 21 advancing to declining stocks. The s p 500, really all the gains were frankly overnight around 3 00 when we got word that a deal was in the making. At that time s p futures moved 15 points. We have held most of the gains from the open. Tech Consumer Discretionary materials and industry good day for techs. Facebook set a new high. Buvlg bunch of tech stocks hitting 52 week highs. The greek etf everybody watches was positive and moved into negative territory. Largely the belief that it is going to be a tough sell for tsipras and this deal is a long long way from being done. More on that in a moment. Metals and mining have been strong. This is a separate story because china rallying in the last several doors has put a floor under these stocks. The steel stocks all the mining stocks are up again today. Whats not participating is s