Report. As you know our mayor ed lee passed away last Tuesday Morning at San Francisco General Hospital and were really fortunate our hospital was a real important part of this process for the mayor and i also want you to know that we all focused on the work we have to do but also about his passing in grieving as you know, we have a new acting mayor and so we are continuing to do work we need to do and meeting with acting mayor yesterday and were moving ahead on all of the initiatives that we started. I also just want you to know that i think the process of how the new mayor will be elected is still in play and all of you will know as well in terms of that but today we have an acting mayor and we are working with herren sureing the Health Department continues to do its work. We are happy to announce today that the appointment of dr. Bob as our Deputy Director of health and she actually will be replacing me at 3 00 because i have a Department Head meeting across the street so shell be s
Fund strat energy, industrials once again leading, less than 20 points away from dow 25,500 tom, you just raised your yearending s p target to 3,025. How did you get there . Well, its just a simple matter of e growing 13 and some expansion gets you to 3,025. So a 10 upside to the market do you think its high enough . You know, our technician was thinking about how he thinks the base case is 3,000 so the s p could do something several hundred points higher than that. I think 3,000 is a good base case. So weiss, weve gotten buffett talking about the benefits of the tax plan seemed to be very positive on stocks last week it was tepper, the other day rosenstein saying hes more invested than hes been in a long time. Are we getting this right . Are we bullish enough to match what these other investors are seemingly thinking i think we are bullish enough, but theres that haunting feeling that weve seen this before and it doesnt usually end well however, then you go back to what are the fundam
First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will put more money in it workers paychecks but the same time t
Nothing keeps you absolutely safe. Thats the unfortunate fact of life. We are live this morning as the medicare board of trustees is meeting to look at what Congress Plans to do on medicare and medicaid coverage. This is live coverage. Its just getting underway. My name is joe and im in Health Care Retirement policy at aei. I will be introducing the panel in just a second. I did want to highlight a few things that the trustees said in their report. Perhaps their biggest concern has to do with the outlook as they said in their summary, a major concern has to do with the growth of Health Care Innovation which has positives and negatives. The positive is that with modern technology and modern techniques we are able to address the Serious Health conditions of many more people than we have in the past. While most technological advances have tended new the Health Care Landscape is shifting. No one knows if it will inkrocre or decrease costs. Let me also sight a critical point that the truste
Points and now is maybe 100 points higher. Part of that had to do with oil. Oil really lost steam in the middle of the day, kind of tracking stocks down a bit with it. But the nasdaq, that was a big winner of the day. In part because of apple ,onceding its best rally rallying to a threemonthtracy you mentioned oil just then. I want to bring in currencies because we are seeing a move in the dollar off the back of yellens dovish stats from yesterday. Fiveyour local man off the back of that we have the emerging market currency rally specifically being led by the russian ruble at the moment, which is really having a big, big jump against the u. S. Dollar, and of course, the brazilian real. Alix we had volatility in the currency market but not really in stocks. This cool chart comes from Oliver Renick and it basically looks at the close to close absolute value of the daily move in the s p. That redline their means a 1 move. March has just seen three days with at least 1 change versus februa