Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
Coming up for you in this edition of closing bell, amazon, alphabet, microsoft, intel, and starbucks reporting earnings today. Breaking down intels big quarter exclusively to the cfo, bob swan. Theres a bunch of others out there. Just went with the headlines. I hear ya. All the first five minutes of next hour. Alphabet may dominate the digital age, but Martin Sorrell said amazon is the biggest threat to his industry, and hes joining us in a moment to explain why. First, lets begin with the reaction to the president s tax proposal. Steve leisman at cnbc headquarters to look at the Economic Impact has. Eamon, you first. Bill, one of the questions here has been over the past 24 hours or so coming to the president s tax plan has been whether or not theyll make changes to 401ks and tax treatments. I asked sean spicer in the briefing, over after the briefing, i spoke to an official here who clarified they are not planning on making changes at all to 401ks in terms of the tax treatment. That
We also hear from starbucks. The results that could change your fortunes in a flash coming out in just moments. Plus Republican Leaders are scrambling to shore up support from both conservatives and moderates for a new health care bill. Could we see another vote in the next 36 hours. Helping your heroes, President Trump signing an executive order for our veterans. Well bring it to you live. Among our guests mashables lance ulanoff, congressman andy biggss, zane tankel, Lieutenant Colonel oliver north. Taya kyle all coming up in the hour. Melissa companies with combined worth of 2 trillion reporting in the next few minutes. The results have a major impact on markets tomorrow and your wallet. Here is how theyre ending the day today. Amazon, microsoft, alphabet already closing at new record highs ahead of their results. Well see if they can hang on to that. David as we await word from the tech giants, i want to bring in our pannell, lance ulanoff, mashables editoratlarge. Scott martin, ki
We do say good morning on this thursday. Were going to start with the sweeping plans to significantly rewrite tax code for the first time in more than three decades. The president s Financial Team unveiled the proposal calling for tacks on businesses to be slashed by more than 50 , and theyre also promising individual benefits. The plan is designed to boost Economic Growth but it was summed up in a single page that was short on specifics. Abcs Stephanie Ramos has the latest from washington d. C. Good morning, stephanie. Reporter hey kendis and diane, good morning. There are many elements to president trumps tax reform plan, but tax experts say it will benefit both u. S. Households and the wealthy. Initially, it was a campaign promise. You dont mind having lower taxes, do you . Reporter but now just two days before his 100th day in office, president trumps new tax reform plan is out, and his team is calling it the biggest tax cut in history. Its a great plan. Its going to put people bac
Others who showed up said they didnt agree with the message, but supported the method. I dont agree with everything ann coulter said. I agree with some of what she says. I dont agree with everything trump does. But free speech is important because where do you hash out the good ideas from the bad ideas . I believe the people want to make fools of themselves in public. Im all in favor of it. It saves the rest of us from having to expose them as fools. So, everybody wins. Reporter well, we seem to lost Laura Anthonys feed there. Ann coulter was supposed to speak at berkeley today but did not. There were protests in several places today. Some on, some off campus. Abc 7 News Reporter Wayne Freedman joins us from cal. Wayne. Reporter good afternoon. All the concern about demonstrations here at u. C. Berkeley and damage, all those concerns seem to have come to naught today. Not that there werent a lot of people on campus. Many of them were Police Officers. Some of them still Campus Police of