Well, that big tax bill is all set now. Republicans releasing tonight their final signedoff draft of the most sweeping tax rewrite since 1987. And it appears tonight that some lastminute dealmaking flipped some no votes to yes, securing what is evidently enough gop support to turn you tell 503page overhaul into law. The holdout, marco rubio of florida, got on board when the childcare tax credit was expanded. Tennessees bob corker did the same, saying he believes the bill was a once in a Generation Opportunity to help the economy. Tax reform . Some say it isnt exactly that. But what it is for sure is a huge 1. 5 trillion tax cut with much of the benefit flowing to us corporations. And on that, the major stocks indexes rose to record highs. So whats whats out . Ylan mui knows it all, shes covering the story from capitol hill, where i think youve pitched a tent the past few days, ylan, good evening. Reporter its been some long days, and long nights as well, tyler. Republicans just filed t
Schumer calling it, quote, an agreement that is very good for the american people, and a, quote, genuine breakthrough. Mcconnell and schumer coming together, putting together this deal, which by the way, pours money into the military and into domestic programs like opioid addiction and support, but wait till you hear whats not even mentioned. It is possible the markets are back to business as usual after three sessions of intense gyrations, stomach churning falls and dramatic climbs . The s p is calm as a cucumber, nasdaq down 41. We here at the claman countdown, its not over. Today has endured a 500 point pluspoint swing. You cant say all quiet on the western front. There is zero guarantee at the moment. As we thought things are settling down, we start swinging like a pendulum. Whats going on . We point to this. With the dow up 94. Volatility woke up from month long hibernation last friday when Rising Interest Rates sounded the alarm and the dow plummeted 665 friday. Down 1175 monday,
Volatile month for equities. Why the s p could rally another 9. 5 from now until the end of the year. They are the most loved stocks on wall street and apple is not one of them. Weve got the list for you. We begin with what could be a major breakthrough in the battle to contain ebola, a vaccine being developed in record time proving to be highly effective in fighting or warding off that deadly virus. Shares of the two Companies Involved in the Drugs Development are moving higher at this hour. As you see it there, newlink genetics and merck. Cnbcs pharma expert meg tirrell with the very latest. That vaccine being developed by merck has shown to be 1 00 effective in preventing ebola. According to a interim analysis of a late stage study being conducted in guinea. Experts say the results need to be confirmed and the studies are ongoing but they call the news encouraging with the w. H. O. Declaring the world is on the verge of an effective ebola vaccination. It was used in the 1970s to era
Total us her 12yearold grandson was shot in the right hip and foot. They had just gone to the store. And they were they were on their way home. And they just got mixed up in the crossfire. Reporter police tell us this is the fourth shooting in hedgeville since june 10th. Some point to gang activity. Others cite teens the street because the boys and girls club down the street is closed. They kids have nothing to do. In the summertime, theyre running the streets. You know, they dont have safe havens. Reporter this dad says his mission is to keep his small children out of harms way. Im scared when i come outside. I look three or four ways before i cross the street. Ive got three kids. Very cautious of where i go with them. Reporter this Evening Police are not confirming or denying the presence of gang activity, but they say they dont have a suspect in the shooting. Live in wilmington, nbc10 news. Turning to the terror in orlando. As communities across the country mourn the 49 People Kille
Coming off the joint news conference. That inches up toward the top of the page. And the president is likely to address greece when he was asked a question about it. Well get into this with bill miller. Find out why he remains bullish on the u. S. Stock market even though he thinks the fed will raise rates as early as june. Hell name the stocks hes looking at right now. Dont miss that exclusive interview coming up. All right. This man was named ronald lee. He recently died at the age of 92 after decades working as a janitor andq gas station attendant. So how did he amass an 8 million fortune in the stock market that no one knew about . Youll hear this mans entire amazing story. Find out how he did it. I love this story. I cannot wait for that. Here is where we stand. In the markets the dow having a tough session. Just above 17,700. The nasdaq off by 19. Joining our the Closing Bell Exchange is aaron gibbs bill from jpmorgan asset management. Jason pride from glen meade and our own rick