Indices drop sharply earlier, as the number the coronavirus cases continue to say rise and despite solid labor market and manufacturing data, yields are falling today. Some oracle employees are planning to walk off the job any minute now in protest of the fundraiser oracle founder Larry Ellison is holding to raise money for the reelection of at the President Trump. Well bring you any updates when we see them. Thousands of employees have already signed live pictures nothing to report there, but well bring you any when we get there. Joining us is stephanie link good to see you, as always were down about half a percent, so well off the lows. What did you make at that gut check this morning, and are you in fact encouraged by the way the market has steadily improvement that that ises that theres confidence with the ceos, and that jibes with a data here in the united states. Earnings are running about 3. 5 . I understand we have to deal with why the dollar is so strong, why is gold so strong
the executive director of americans for tax fairness. we also have grover norquist, the president for americans for tax reform. frank, let me begin with you. actually, i will have both of you answer this question and show our viewers what the house ssed this week. thbill on irs funding. it would rescind 45 point $6 billion for tax enforcement. it rescinds $25.3 billion for operations support and leaves in place 3.2 billion dollars for taxpayer svices, $4.7 billion for modernizing the irs dated systems and technology. frank, your response to this bill. guest: first of all, it repeals nine dollars for every $10 passed last year. last year, congress passed a $80 billion 10 year package. most importantly, to give it the staff it needs to go after wealthy and corporate tax cheats. we lose $600 billion a year in taxes that are legally owed. much of it because we do not have agents and audits at the irs to enforce the law, to make sure people are complying with the law. this house b