By 0. 2 percent on the s p 500 following the biggest we of gains on the s p. Happy talk begins in september with goldman cutting the recession chances to 15 after week of decent data to keep this fed on the sidelines. Jonathan Good Research over the weekend and goldman leads the way with that lesser call on recession. It buttresses against a china basically in policy chaos. To the global town, im unsure of where we go other than Jerome Powell has a spirited leadership on Economic Growth. Jonathan later, as good as it gets. Tom hes still bullish. It is as good as it gets in the nuance here is that we peel away and maybe we get lesser and then he goes to a soft landing but i dont know what that means. Soft landing bramo comes back from her sabbatical. Jonathan she returns less bearish from vacation. Lisa first of all, nobody is very happy the summer is over. There is this feeling of what are we heading toward. Jonathan its in the 90s in new york city this week. Lisa are you going to wear
We will come to order. Oury, we will consider consideration of the tax cuts and jobs act. Promised, wes delivered to members a modification that we will incorporate this morning. After that, all we will walk through the modification. Members will get an opportunity to discuss and ask questions about the modification. Once that is complete, it will be open for amendment. I want to thank my fellow committee members. Include a number of their amendments in the modification in the mark. I think the market will be better for it. Process,outset of this producing this legislation has been a group effort. I want to thank all of you for your hard work. Lets talk about the modifications. These are not see changes. The core remains the same. Complaints that the walkthrough was a waste of time were misplaced. One modification of the initial mark which will benefit american is a greater expansion of the Child Tax Credit. Bring it to 2000 per child. In addition, we will lower tax rates even lower th
In, whos out, and what is in the actual plan itself. How it will impact you and your family. Plus escalating criticism of the fbi is more evidence revealed of higher ups playing politics. President trump trying to boost the morale of the agency at the Graduation Ceremony today. What the president is saying now as we are learning about efforts to water down former fbi director james comeys statement on the Hillary Clinton email investigation. Among our guests on these issues, this hour, republican congressman tom mcclintock, steve forbes, retired navy captain chuck nash, Bob Goodlatte the chairman of the house judiciary committee. Melissa back to the markets, the dow ending the day at a new record close its 69th under President Trump. Can you believe that . And for the end of the year. 2017 is tied for most records in a calendar year. Nicole petallides, is floor of new york stock exchange. That is ominous. Tied with 99. The records for the dow, nasdaq, and s p. Were seeing 69th record c
You can see were set up for what would typically be what weve seen most days higher, european markets this morning as well. Well look at right now and they are as you see largely in the red. No major moves the uk has come to light here in the last couple of trading days, though, making up perhaps some of the gap with the other markets. The 10year note yield hanging around the 2. 4 level where its been and earlier this week we saw wti cross above 60 and it is there again. That has actually been a quietly big story you might argue. That just happened last night, right we did earlier this week and now were back above Natural Gas Prices you might expect also moving up a legal bit, recently given our kitchen pipe froze. Oh, no. Yeah. Welcome to homeowners. These are the joys. But a quick Public Service announcement, you take a hair dryer on the pipe and we got it going again. Then you let it trickle all day and hopefully well be able to make dinner tonight. If not, you let us know. Im comin
Three things have gun to light up here outside of new york city where we have so much moisture in the atmosphere, clouds basically have to ring themselves out. Thats kind of the story. So, when you get these dew points as high as they are, in other words, the moisture content in the air, you are going to be dealing with a very saturated air mass. And that means, whether there is storm system or not, you can end up if the conditions are ripe with basically just heating of the day, triggering a spotty shower or storm. That is what we expect later today. 3 00 p. M. , temperatures about 92, but expect to go hit 93 officially here this afternoon. Again may be thunderstorm that dots the area later today. Nothing widespread, but enough that, you know, you want to keep an eye to the sky if you plan to be out later this afternoon. Certainly, i think about when you brought up walking the dogs. So true, if you have a dog you are going outside no matter what. Rain, sunshine, humidity, doesnt matte