And bringing electricity to 20 Million People. Well get the inside track on one firms plans to use solar energy to power millions of homes in africa without installing expensive networks and cables. And as the work week eases into christmas, we want to know what is suitable Office Attire . Is it your Christmas Jumper . Or your glittery shoes . Let us know with pictures what youre wearing to work this week. Just use the hashtag bbc biz live. Hello and welcome to business live. Lets start in the United States because the worlds biggest economy is on the brink of its most sweeping tax changes in a generation. The Senate Passed the reforms just before 1am washington time. Congress just needs to hold one more procedural vote before President Trump can claim his first, big, legislative win. This entire package is likely to cost 1. 1; trillion over the next ten years. Most of that will be added to the National Debt which is already over 20 trillion. The biggest tax cut in the final version dr
Washington about the massive spending bid are the bond vigilantes back power lunch starts right now good afternoon and welcome to power lunch. I dont know about you, but i cannot remember a week quite like this one. Another day of wild swings on the dow. Worst week on track for since october 2008 during the financial crisis the dow and the s p 500 hitting correction territory. They are off 10 from the recent highs and nasdaq darn near close to it. Tesla touching bear market levels, off 20 from its recent high fedex, ups, taking hits on the reports that amazon is now going to muscle into their territory michelle. Well see on that the latest on the topsyturvy friday lets get to bob pisani on the floor of the new york Stock Exchange. We are off the lows lets look at sector were getting a flight to safety in the ten year bond and reits beaten up, Leadership Groups and banks count them in the middle but industrial and energy and materials, the growth sectors, they are the ones that are gett
Le we have the editor of the book report thanks for joining us were going to check on markets see how were set up heres the futures dow down 15, nasdaq down 20. S p down 5 coming off the huge rally to close on friday, another strong week of gains for wall street. How about the tenyear, 2. 65 last week. We begin the week at over 2. 7. Did you see that i think the futures are down. Thats a sticker shock to people tenyear at 2. 72. 30year, just a hair under 3 fiveyear under 2. 5 twoyear, 2. 15 wow. Lets get you caught up with stories were watching perhaps the biggest over the weekend, saudi arabias prince alwaleed has been freed. He was detained. We talked about it for the past two months with the corruption crackdown. Several other officials and saudi royals were rounded up and they were at whats known as the ritz prison. Youll get to see it the ritz prison and alwaleed described it as a misunderstanding there are no topics its just a misunderstanding its a key position we had it was a d
Republicans, 202 7488001. Independencts, 202 7458002. You can also find us on facebook and twitter. You can send us an email at journal cspan. Org. The dodd frank act was named after its authors, and senator chris dodd and barney frank. It was a massive bill that required federal agencies to write hundreds of new rules. Here are some of the things that the dodd frank act did. It was signed into law by president obama on july joint first, 2010. It created the Consumer Financial Protection Bureau. It attempted to an too big to fail bailouts of Financial Firms. In eliminated loopholes of financial products, providing shareholders a say on executive compensation, and enforce regulations on the books. Here are some polls that show just exactly the scope of this bill. A summary of the bill by a law firm shows that the bill was 22,290 six pages long. It has had 119 congressional hearings, and there have been 139 bills issued in congress to amend or repeal the act. The stats also give you a se
Airline harrison this sunday night at 8 00 p. M. Eastern on cspans original series, first ladies influence and image. Examining the public and private lives of the women who fill position of first lady and their influence on the presidency from Martha Washington to michelle obama. Sundays at 8 00 p. M. Eastern on american tv, on cspan3. Coming up next on cspan, from washington journal, a look at the dotfrank financial regulatory law on its fifth anniversary. That is followed by a discussion on u. S. Drug policy. Later, a discussion with transportation secretary anthony foxx at the Christian Science monitor. We are continuing our discussion about wall street reform and the dotfrank act and we are joined by a financial regulations Research Fellow at the Heritage Foundation and also with julio gordon, a senior director of housing at the center for american products. Make you both so much for being here. I would like to start with a question, very broad for both of you. How effective has.