Brownforman the worst call in the s p 500 after disappointing. Guy european stocks, as they are in the United States, fairly flat right now. Only up less than zero point 1 . The story continues to be where is happening in the pound. Theres a lot of talk of resistance up at 1. 32. Breaking through that would make a big difference. This ahead of next weeks general election. Glencore being absolutely pummeled today, down by over 7 . This as it faces another legal woe, this time out of the United Kingdom and United States. They will investigate the miner for bribery on the backs of investigations in washington, driven by the doj. Glencore down by 7 . Vonnie General Motors and south koreas lg announced plans to build a new electric vehicle battery plant in ohio. Bloombergs david westin joins with the two executives at these and what the deal at the center of the deal. David thank you. We are joined by mary barra, chairman of General Motors, as lg, as the vice chair of well as the ceo of the
They . Marty they dont. I dont know that many people went through lesters tax returns and tried to my newly minutely figure out how this affects them. It will have a Significant Impact for certain high income earners. It will have a Significant Impact in terms of more taxes paid rather than less. For the ultra rich from it is a significant tax reduction. But as a percentage of income, it is very small. What really interests me is the unintended consequences. No one really knows. They did not have a lot of public hearings, they do not have a lot of experts telling them that if you do this come this will happen. In some ways a crapshoot how the real world will react to these provisions. Mark polls show us it is not popular. Can the gop turn it around . Mitch mcconnell said that if we cannot sell this to the public, we are in the wrong job. Can they sell it . Marty i think they can come actually. I think Mitch Mcconnell is right. In advance oflls the tax bill are reflective of the general
And we were depressed because we were hoping for the classic ending, the come from behind by the way, it looked like the long bomb in the hands of gronk. Had it happened. The twopoint conversion never happened hold on, an end of an era, do you think the moment is past now . I do actually, ill tell you why, you know, the team was actually struggling the whole season you know, pulling stuff off in final moments of every game. Really it happened that way. The defense was weak throughout the entire i agree with that it looked i dont want to be a naysayer, but i think its going to have to be a structural change if that team is going to have to stay in Super Bowl Contention next year most of us want to see the coronation of brady agency the greatest ever. And belichick, the greatest ever we needed that win last night. So coach wonderful, whats your structural change id keep brady. Obviously, they have to keep brady. It was a money decision to whack their number two qb. You know, at the end o
President delivering a speech on the economy. At 10 00, my favorite thing, universe Michigan Sentiment numbers, the soft data read. Because it is michigan, that is why it is your favorite . [laughter] therade at the top of agenda and late yesterday, the commerce secretary announced a trade deal with china, exports of everything from beads to liquid natural gas. Cirilli. S kevin we thought we were going to war with china and now we have cooperation. Gashis influence is natural , which is a bit of a concession in some regard from the Campaign Rhetoric of President Trump in that he is looking at this particular industry the coal industry may be snubbed but they feel this good help jobs. Beef and poultry is where things get interesting. The Iowa Governor is not been confirmed iv senate as the chinese ambassador, but driving the political policy point home. Secretary ross said this will be a 2. 5 billion net gain for the u. S. Economy as a result of that portion. The third point is where it
We are trying to process these numbers as they come out. It looks like a good story. Allison the first thing we look at is in line with some of these estimates weve gathered. The interest margin is something im looking at. The yield curve is something that everyone has been watching over the past quarter. Pastgan has said in the its more important to them. It down. Merica had it were people paying attention to this . It doesnt like the interest margin is coming in low. David it looks a fair making more loans and making it up on volume. Allison it has to do with the expectations. When you look at the data, it is slowing. It looks like they are talking about 8 loan growth for the year. I think we will hear more about what they see in terms of demand. One of the things jamie dimon has been vocal about his tax reform and how that can help his corporation. Charles, your initial thoughts . Think there is 400 million in reserve recovery. That is . 12 per share. Say 1. 69. I would like to see