Delays yet. Were following breaking news now out of chester county. Police are looking for a gunman in whats become a Murder Investigation in phoenixville. In the past half hour, weve learned that 20yearold Joshua Mitchell has died. We also just got a picture of the man that police are looking for. He is 21yearold keon carpenter. Police warn that he is considered armed and dangerous. In Camden County, a fire caused a condo to collapse. Its at the end of a complex under construction. The fire started around 3 30 this morning at jarvis and williamstown area roads in sticklerville. At least one other condo was damaged. The cause is under investigation. And a stampede at a train station in india killed at least 22 people. A rush hour crowd was walking on a pedestrian bridge connecting two rail stations in mumbai when concrete fell and hit the bridge. That apparently triggered the stampede. In addition to those killed, Officials Say 32 others were hurt. 6 02 on this friday. The crisis in pu
Single day for tax reform for the gop so far i am Brian Sullivan. At a National Association of manufacturers summit in washington, d. C. , 30 minutes ago, vicepresident pence talked about tax reform and called for a 15 Corporate Tax rate we are waiting a few minutes for House Speaker, paul ryan he will give a major speech on tax reform and outline what he wants to do and when he believes he can get it done after that, he will sit down with us right here on cnbc to talk everything taxes, both from individual to Corporation Tax reforms. Michelle, a bringing day ig day. Im Michelle Caruso cab rrea the yields on bonds have hit 2. 748 snap and twitter taking a hit after facebook announced instagram now has 250 million daily active users lets listen to House Speaker, paul ryan right now as he begins his speech thank you so much, buddy appreciate it. Afternoon, everybody how are you doing . Great to see you thanks for coming out today. Appreciate it. Welcome to d. C hi, kathleen thank you. Th
Ranges i agree and it occurred to me again why the market went up yesterday, we just dont know how to enjoy good things, good times. I mean, it really looks like we have maybe progrowth policies, Interest Rates that will probably still stay low. Inflation that probably wont be a problem. Everybody is worrying about Profit Margins hitting peak because wage gains will start hurting Profit Margins its bad for income inequality, but in the meantime Profit Margins stasy sustained. Everyone is saying its overvalued, but are we missing the point that there is like a perfect storm . Yeah, and yesterday you were talking about Profit Margins and once wages go up, Profit Margins by definition have to come down. But i think and im guilty of this all the time. We make this more difficult than it has to be to your point, maybe it is this simple now and i think the intelligence i cant, they try to figure out ways where ty the market will go lower. I cant, they try to figure out ways why the market wi
Saudi bonds make a splash. Bloombergs mideast finance reporter looked at what is driving demand for the kingdoms debt. Reporter demand is still pretty high from local investors. Always seen in saudi arabia as a result of the spending cuts the government has done, demand in the private sector has dried up. Banks are looking for decent assets to buy. There is a lot of demand for these issues. Only look at when they were around 58 billion riels on the table, this time it was just over 30. We are seeing demand is perhaps not as high as it was last month. We are starting to see interbank rates come up. What they were doing a year ago was sucking all of the equivalency out of the system. There is very little left for the private sector. Anchor does this give us any clues about the governments demands when it to investors later this year . Reporter the saudis has said another international assurances on the card for this year. If we look at the performance of the budget so far, theyve done ve
Event. We are fortune to have the second here. The 77th secretary of treasury and ive worked directly for four treasury secretaries. I counseled four count four eye ones deer friends so i know what takes to be a good secretary. And having spent time withing this secretary and the president s vision and his team i am confident this gentleman has the right ideas and the right team in place to advance a very progrowth agenda. So with that like to introduce and thank you or or 77th 77th secretary of the treasury, steve mnuchin, and mark wineburger. [applause] well, put a lot of pressure on you there, mr. Secretary. Very kind introduction. Well, thank you. Let me add my thanks for being here. Start on the permanent side, mr. Secretary. Obviously you had an incredibly distinguished private career. Im not sure that prepared you necessarily for going into government, and my first question is, what is the biggest surprise, the biggest change you feel going into being the secretary of the tress