Lets begin with the record run for stocks, wall street eyeing new highs as we cook off the busiest week of the quarter. President trump standing by the 401 k , this is considering contribution caps as i away to ease the tax plan chuck robins will join us live to talk about the deal. Stocks are looking to make more history after the s p closed at a record high every day last week, marking it the first socalled perfect week in almost 20 years. Meantime, nearly 190 members of the s p are out this week, including amazon, microsoft. Thursday night will be a barn burner jim, whats important . I think one thing people have to know, were coming in hot its very rare we come in this hot to the biggest week there is whats going to happen, there are going to be some that do not hold up under close scrutiny this morning, the ones that did come out are setting the tone to make it so theres a way to be able to justify it, whether it be a little thing like or big thing like a tmobile. I come back and
Private equity on track for a record year fundraising, we got the woman in charge of Goldman Sachs clients, alison mass, her first tv interview ever. Very much looking forward to that. Lets begin with the top market story with the equities pulling back on new details about Congress Tax Reform plan. Ylan mui has the latest on what could be a delay in its implementation ylan kelly, republic b cans considering phasing in the reduction of the corporate rate according to bloomberg news. Under this plan the rate couldnt get to 20 until 2022 one word of caution here, the tax bill is still final yet. 20 corporate rate is one of president trumps red lines in this debate. White House Press Secretary Sarah Huckabee sanders appeared to throw cold water on the phasein idea this afternoon the president laid out his principles and doesnt include the phasing in were sit committed tothat moving forward, but, and i dont have any reasonable the reason this is even coming up is republicans have a revenue
Manipulation of social media and says they were caught flatfooted. Betty speaking about russia, it within the last hour a new headline about George Papadopoulos, the former trump advisor. Some claims he made in an email stating Top Trump Campaign Officials agreed to a preelection meeting with representatives of russian president vladimir putin. We saw inrevelation the last couple minutes, bolstering the claim and making it harder for the Trump Administration to distance itself when it comes to these meddling issues, as well as collusion allegations we continue to see. How we have to look at this with a grain of salt, the details still unclear. Betty it is still a little murky. Lets get clarification with megan murphy, our bloombergs nest week editor and Washington Bureau chief. How significant are these new claims . Every revelation that comes out of this nature is significant in that it furthers what we know, expands on the investigation in terms of what is out there. This Program Blo
Flatfooted. Rishaad sony shares surging come the full forecast lifted to a record. , we speakfting gear to andy palmer. Theaad we will be getting unofficial caixin pmi numbers out of china. The official numbers showed 51. 6. This is chart 2411. Private gauge or of purchasing managers his more pessimistic than the one out of the government. Count smalloes not and mediumsized enterprises. We are looking for that number and 43 minutes from now. Haidi absolutely. Continuing to paint this picture of whether we will see a managed slowdown out of china as stability makes way for more reform and deleveraging after the party congress. E are watching the fed boj out of the way. We are waiting for President Trump to nominate the fed leadership. In the meantime quite a lot of distraction with this Robert Mueller investigation and what it means for tax reform. Lets get over to sophie. Sophie a brandnew month, a little distraction. There seems to be more good news than bad. Asian stocks trading near
Anticipated jobs number. What it means for the economy and markets. Shares of apple are up after they reported earnings after the bell of the well dig through the report and hear why tim cook is calling for a huge quarter on deck well go live to the long long lines of customers waiting for new iphones. And shares of starbucks under pressure after a less than stellar quarter. Well talk to Kevin Johnson and cnbc exclusive along with the 261,000 nonfarm jobs in october, significant upward revisions including september payrolls up 18 k after the initial readings showed a decline. It now means a record 85 straight months of job gains and unemployment goes to 4. 3, the lowest in nearly 17 years and average Hourly Earnings up 2. 4 we were looking for something closer to 2. 7 and interesting downtick in labor force, jim. Im going to stick with what we need on this and say youre going to get a rate hike on this if you can do this theres less slack its certainly not based on average Hourly Earni