Conversation later this hour. Katie welcome to bloomberg markets. Looking at stock markets on this morning, you can see is pretty quiet. The s p 500 is unchanged, big tech is trying to stay green and the nasdaq is currently up about 0. 3 . We did have ppi coming in hot but a downside surprise relative to expectations. Thats giving a little bit of relief to the bond market. The 10 year yield is higher but only to the tune of about two basis points. Thats relatively quiet relative to what weve seen earlier this week. All eyes are on ai and and amazons annual letter. They say the Cloud Infrastructure will become an essential part of the ai move. They are optimistic that much of the world changing ai will be built on top of aws. We have more details. It makes sense that they would want that to happen. One of the things Everybody Needs to remember, amazon has a commanding lead in Cloud Infrastructure. The thing they dont have now is a very close relationship with openai. Chatgpt is the buzz
With the help of our spectrum Cable Partners well explore the citys history and literary community, beginning with author pat oneill on the history of irish immigrants and how they helped build kansas city in what it is today. One of my Favorite Places in the whole cold is browns market run by john and john mcclain and cary brown. And they start the business in the late 1880s. Irish style. The oldest continual Retail Operation in west of the mississippi, maybe in the whole world. But browns is kind of our community center. One of those great Little Corner Neighborhood Grocery stores where people are extended credit in the neighborhood, people came here for generations, and its now kind of the same thing. People come here just to gossip and compare notes notes and head kids. So, its a much like a small town Crossroads Store in ireland. The title of the book, from the bottom up, its in the sense that in kansas city, were along the rivers, and the Missouri River in the kansas river and it
Several other measures, including u. S. Partnerships with mexico and can dand naming several post offices. Later in the week in the house, two financerelated bills dealing with iran. [captions Copyright National cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. God, father of us all, we give you thanks for giving us another day. Ever faithful to your promises, we ask your presence with your people, now and forever. The sun grows dim and the daylight is measured, in the darkness phantoms loom. The eye the company discern as the distance cannot discern as the distance fades. Be for us light. Help the members of Congress Make clear judgments that will propel us into a blessed future. Remove any shadowy clouds so that they might follow the patterns o
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
Key aspect to tell you about. The Corporate Tax rate 21 . The president had been pushing for. The top individual rate will be lowered from 39. 6 to 37 could eliminate a mound of state and local Tax Deductions are remaining. The alternative minimum to go with the corporations that remains for individuals at a much higher threshold. Ovonic your individual mandate gets repealed. The bill set to be voted on early next week. Some republicans trying to insert lastminute changes to win their vote could this be explained by doug jones over controversial republican roy moore will cut the gop majority 5149 in the senate. Time is that the absence forgetting the bill to the president just before christmas. The Federal Reserve announced in wednesday it will be raising Interest Rates the third time this year lifting rates by a quarter of a point. Janet yellen holding our last meeting said she expects the jobs market economy to continue strengthening over the coming few months. Good news in a tall pu