The recently passed tax reform bill and new provisions affecting connecticut taxpayers. This is two hours. Is two hours. You ready . To try that again, that afternoon. Always a pleasure and a delight forums,educational particularly with my two favorite congressman, who i will introduce to you. Not that they really need an introduction. Congressman larson represents connecticuts First District, and is in his tent term. He is on the house ways and , and on aittee committee for Social Security is the ranking member. As as proven himself staunch advocate for working andlies, manufacturing Common Sense Solutions for problems that we face every day. And of course, congressman joe courtney, reduced to be our regional on our regional inisory council, was elected 2006 to represent the second district. He serves on the armed forces and education and workforce committees, and cochairs the congressional shipbuilding caucus and is a member of the , serves onommittee the Pensions Committee as well a
The market is broken or bent. Give me a reason. That was intentional, wasnt it . Seema m owith the top stockso buy but first bob pisani. Last week you had your opportunity. And the markets have gotten considerably cheaper the multiple, forward multiple, price earnings multiple on the s p 500 has gone down considerably two weeks ago it was 18. 5. Thats historically high the 20year average is 16. At friday we were 16. 6, the lowest since the election. We crept up with the rally, 16. 9, but you get idea its getting cheaper now the big debate is with what weve seen here at the open today, are we at a tradeable low here can we anticipate the market wont have another big move to the downside weve had a big move down. Its the indices are way oversold so makes some sense you get it back. A little bounce. The correction is only six days old. Some people calling it a technical correction, not based on fundamentals. Others dramatically disagree with that idea look whats happened the dow has regai
Welcome to countdown. Its 6 00 in london. Another day, another story out of china lets start with the chinese equity markets. This is a picture of the shanghai composition, your today. Shanghai compensate, your ear to date. What have we lost so far on this Chinese Market . We have lost 3. 9 trillion worth of value in less than a month. Such is the level of trading halts we are seeing on the Chinese Market. The latest government headline is being described as an act of desperation. Lets talk about the u. S. Equity markets a number of issues. We saw the u. S. Equity markets fully open for the last hour of trading. The nyse suffered a threehour trading hold because of the software update. Other trading was open all the way through the afternoon session. Still, amazing developments we will come back to that. The fact that we saw the fed concerned about greece in china, that weighed on stocks. Lets talk a little bit about what happened in the Asian Session today. Chinas stocks are up and tr
I am manus cranny. A big day for greece. And the last hour, the government repaid 5. 8 billion euros of ecb, imf, and bank of greece. Angela merkel said she is prepared to talk about debt relief but ruled out any haircuts. Chancellor merkel greece is in relief, private creditors allowed in debt cuts with lower Interest Rates. We can consider as they are part of the mandate was the program has been review successfully, we will discuss that very question. Manus the banks have reopen today after being shut for 2 weeks. Lets put in context with our reporters. Elliott got been and Paul Elliott Goggin and paul gordon. The banks open, a little bit of a rush. What is the feeling of the street . Reporter you will see another lazy day in agrees. Security guards having a little chat among themselves now looking particularly concerned anybody will vent their fury after not being given for access to their money. A real difference. Now you can take out 420 euros for the whole week. Over the course o
Of its creditors, including the imf and the European Central bank did greece got a alone last week after parliament agreed on new austerity measures. In the meantime, great thanks reopened for the first time in three weeks,. There are still limits on withdrawals overseas. Merkel is suggesting that greece cant get limited debt relief. She ruled out a haircut on greek debt. A classic haircut of Debt Forgiveness of 30 cannot happen in the currency union. It may happen outside, but not within. Erik they may consider lower Interest Rates on greek debt but extending the time for repayment. The United Nations Security Council is expected to endorse the Iran Nuclear Deal today. It is to stop iran from Building Nuclear weapons and the United States and other world powers will gradually lift economic sanctions. Ashton carter travel to israel to reassure officials there about the iran deal. Carter acknowledged he will probably not be able to change anybodys mind. Obviously, we believe that the nu