A bowl in this market as well, as it has been for much of the year. It looks like investors are pricing in a high likelihood that the tax bill is going to get past, after some back and forth regarding senator marco rubios vote today. We learned that it sounds like concessions to what he would have happened on the tax credit is getting into the bill. The index isof touched major intraday records today. It is outpacing the gains we are seeing in the major averages today. Thats get a temperature on the high tax proxies we have been watching. Here in the white line is an index of high tax. These are the companies that are seen as benefiting more from a Corporate Tax cut. This is the russell 2000 four reference in blue and the s p 500 in yellow. It is interesting the action we have seen in the russell, because within these companies that are mostly domestically oriented, with they are also tax as benefiting from the bill, but the russell has not been performing as well, perhaps in part beca
Mcconnell says that incumbent senator Luther Strange will retain the seat until january, allowing the republicans to maintain a majority. Cal chancellor on Angela Merkel and Emmanuel Macron held a joint News Conference on immigration. We are not quite in agreement on solidarity. Work,we must continue our because we cannot have solidarity in europe on certain matters and not on others. Mark germany has taken in the largest number of refugees. Global news 24 hours a day, the by more than 2700 700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, in julia chatter i am julia chatterley. Scarlet i am scarlet fu. Joe and im joe weisenthal. The question is whatd you miss . Senator bob corker makes a 180 and says that he is a yes for the tax bill after initially opposing it. As a cryptocurrency take steps towards going mainstream, concerns over an initial offering grow. Meanwhile, another hedge fund
Out. A little bit of brinksmanship, or brinkmanship, i should say, as joe corrected me. Less is more there are a couple more brinks, a couple senators youve got to wonder about. Okay, then. What happens with Susan Collins, what happens with lee from utah, who said hes undecided lee who mike lee . Oh, mike lee. Who wanted got two first names its confusing i dont trust people with two first names. Do you yes, generally. You do . Yeah. I think its confusing. Well youve got three, youre fine. Ive got three, three names some people say andrew ross, two first names, even though no, im talking about when your last name is a first name. Chris christie . Theres a lot of them, bill george, ted david. I just made that one up. I dont really think there is a person by that name. All right, lets look at what else has been happening in the markets. The tenyear note, one weve been paying attention to, too. Earlier this week you saw the tenyear pushing above 2. 4 , but now were back below 2. 36 . A cou
And europes weak again, dax down for a fourth consecutive day and empire, our first december number comes in soft, raising eyebrows, a fivemonth low. Movement on tax plans, were awaiting this morning to see the combined conference bill and Details Behind which cuts and deductions survived. Plus the latest on disney and fox, including the bid the murdochs said no to. A busy morning f stocks on track to erase thursdays losses. Yesterdays worries about a setback were sparked by senator rubio saying hes a no vote unless the Child Tax Credit is expanded they are trying to find ways to pay for maybe that additional deductions, its going to cost 200 billion, perhaps they let some individual breaks expire here early well see. Its very interesting that the market went down and dow went down 70 points on worries about rubio, maybe Something Else or other senators now there really is great uncertainty and the market is going back up. The uncertainty right now is higher than it was when the market
This hour, fox business, weve got the market moving details, theyre here at this table right now. What will your tax break be get ready, weve got the breaking news the votes have commas early as monday. This, as President Trump risks fbi bias in the Hillary Clinton email investigation ahead of his big speech at quantico today before new fbi recruits as newly released documents reveal former fbi director james comey s initial draft statement exonerating Hillary Clinton was edited numerous times to soften the fbi findings. Coming up youre going to see what the fbi really thought about hillary. Companies like comcast, verizon and at t sharing the end of wet blanket obamaera internet rules. Were going to show you the media and debunk the myth about whats really going to happen to your online streaming and shopping tonight an allstar guest line up including swiss american share craig smith, conservative radio host nina low den, david clark and reagan Economic Policy advisor art laffer, all