A bit of a fallback. Exists is harder than kentucky the. Place to sleep it was very funny as. A co money city it was almost no cool minds left. The jobs are gone all the coal mines of said. That it was love to see these people the survivors of disappearing before their eyes. I remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in the million years i would see that and its how its happened. Welcome back china posted ginza twenty seventeen as their Gross Domestic Product grew by six point nine percent at face value chinas growth in twenty seventeen with a faster record in over two years experts say china saw much stronger exports and the government Infrastructure Investments like the monumental belton Road Initiative help spur growth towards the end of the year however there is concern by some over the years that chinas rising debt is a problem the i. M. F. The International Monetary fund report
Secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated with Economic Growth. Low Interest Rates may have benefited some on wall street but not helpful to main street. We knew the fed would face challenges when the economy took off. If youre listening, good luck chairman, you volunteer for the job. Today the economy is getting stronger due to policies of the Trump Administration. Averaging 3 growth unemployment is a 17 year low. Wages grew at the fastest
Today we start out on the humid side as we walk outside you will feel the humidity today. Temperatures are not going to be as hot but its muggy. Muggy 77 degrees to start the day. We like 7s. North port and massapequa is 73. Hauppauge 75 and east hampton 74. Toms river 66 there with a wind out of the southwest today. By the time we get to the afternoon, 83 to 86 degrees. Its not as hot. You tack on the humidity, it will feel like 90. Its wednesday. I will give you the forecast for the weekend. How is that . Awesome. I love that. Okay, great. I have an ugly picture of the fdr coming up for you right here. It is bumper to bumper. A sea of brake lights heading on the northbound side. Its because of a construction project that leaves the right lane open. Where is it . Lets go to the maps. Fdr southbound from 96 to 79th. Northbound from 63rd up to 96th street. We have street cleaning rules in effect. Michelle over to you. Thank you so much, heather. Safe and sound. Relief for Rosie Odonnell
Spains political crisis is likely to deepen today if, as expected, the senate backs a plan by the Central Government to remove some powers from the autonomous region of catalonia. Madrid wants to reassert control by triggering an article in the spanish constitution thats designed to prevent regions from breaking away. But its thought the Catalan Parliament may respond by declaring independence. Andrew plant takes up the story. 27 days after this crisis started, each day, crowds have added, speeches have been made, it each day in agreement has been further away. On one side, catalonia considering declaring independence and on the other, spain considering taking back control. On thursday, catalonian president Carles Puigdemont could have declared independence which would have angered the spanish government. Or you could have backtracked which would have angered his own supporters. Instead, he did neither. Transocean mac my responsibility as president of catalonia was to exhaust all optio
Business and politics. The future king of saudi arabia, the crown prince make something incredibly profound statements to me during a pour house conversation this week. It went viral. Coming up on the program today we have u. S. Treasury secretary steven mnuchin. His Royal Highness prince salman. And peter thiel is with me. Steve sc shrks warzman is here. David iewben stein and tom farley. But first lets get the biggest headlines from gerri willis. Gere report dow had its stht straight winning week. The push for a tax bill got past a big hurdle. The house narrowly passing a budget. When lawmakers can agree on a tax plan. The house is expected to unveil their version this week. The president talked about the importance of passing tax reform. We are bringing the corporate rate down from 35 to 20 . It will be the biggest tax cut in our country. Right now our country is one of the highest taxed in the world, and we cant have that. Gerri a horrible week for General Electric stock. They are