Weve gathered and the ideas we are going to be discussing. Welcome to the committee for responsible budget for thostherf you who do not know if they Nonpartisan Organization the board of directors or people many of whom are with us today who have run all the bigbudget institutions in washington so the federal reserve, the treasury department, omb, the Budget Committees comes of a. To try to have a realistic understanding of the budget improvements are going to be needed to improve the fiscal situation in the country and to trick yo to have in a bipartisan way it kind of understanding of how hard it is to make these traces but there are so many reasons they are necessary to keep moving the ball forward. With that said i will say it is a rough time for the budget policy this country. Nobody should be under the impression that the Fiscal Health of the country is good. It is not. Our debt relative to the economy is twice what its been on average. We are on track to bother us to be 10 trill
Im going to encourage everybody to sit down, grab their seats. Keep eating. Okay. Welcome, everybody. Im maya mcginnis, i run the committee for a responsible federal budget and it is not every day that you see an overflow crowd for a whole event on budget process, so were really excited to have you here. We have a cspan audience, were Live Streaming this, so wonderful to have everybody joining us for what i think is going to be an excellent conference. Im really excited about the people weve gathered here and the ideas we are going to be discussing. So welcome. The committee for responsible federal budget for those of you who do not know is a nonpartisan organization, the board of directors are people who many of whom are here with us today who have run all the big budget institutions in washington, so the federal reserve, the treasury department, omb, cbo, the Budget Committees. So they are the whose who of the budgeting world. One of the things that we like to do is work with folks o
The Financial Times group. They say it will be the largest efr acquisition of an overseas firm by a Japanese Company. Nikkei will pay 344 million pounds. Translator i hope ft and nikkei will Grow Together based on a common perspective as global media that cover europe the United States and asia. Nikkei chairman says that in order to keep growing, the company must focus on digitalizing and globalizing. He said the Financial Times is nikkeis best partner for promoting globalization and shares many of the same values. Kita says he trusts the staff of the Financial Times. He says nikkei will respect the independence of the editorial rights of the ft staff. Founded in 1888 Financial Times is one of the worlds leading economic newspapers. Its circulation was 737,000 last year with 70 of that from online subscriptions. Nikkei issued its first paper in 1876. The firm says the total number of print and Digital Subscribers is over 3 million. The paper is suffering from shrinking revenue. They ha
Weaker looking at europe this morning, the early trading taking place, at least at this hour things are flat there the dax is slightly higher, the cac and ftse are slightly lower. Spain up by a tenth of a percentage point crude oil prices were up yesterday to a twoweek high, up at 51. 87 this morning those gains continue with wti for november delivery up by 21 cents to 52. 08. Wow dow component United Health is reporting. Stock has been on a tear for years, right in fact, the stock getting close to a new high, 1 186 billion market cap, almost 1 187 billion market cap reporting 266 a share. Thats tencents above expectation. For the year, they see 2017 adjusted net at 10. Medical loss rates, they call it Something Different now. They call it medical care ratio, 81. 4 thats like the inverse of profit margin. Revenue, 50. 32 billion you cant necessarily compare apples to apples, i like the earnings per share or the earnings increase. 26 . 26 earnings increase. That is what do you do with t
Included in math and spelling. 37 billion for stocks up again. The president access dealmaker and chief. The north korean coast featuring not one, not to, but three Aircraft Carrier battle groups. Not before. Next up, vietnam where he made he with vladimir putin. Taxes come understandable make changes to the plan now coming out of the house. Sources tell fox business that top rate will come down to 37 from its current 39 points six and there will be a oneyear phasein of the 20 Corporate Tax rate. I will tell you now, investors hated. I cant resist this. This is how democrats celebrated the oneyear anniversary of the trump win. Screaming at the sky. Just wait until they see this show. Varney company is about to begin. Im screaming here. Take a look at the futures market, please. We are going to open lower. The dow, s p, nasdaq on the downside. This is about the possible delay in the Corporate Tax rate cut that may be part of the plan. It is part of the plane come in market doesnt like i