Sounding off on the white houses latest response to this dramatic diplomatic victory an historic turning point after the 20 years and four administrations trying to get china to lean on north korea. The commanderinchief is getting the job done. How is kim jongun going to respond . Plus puerto rico still in the dark. President trump approving a disaster declaration as the lights remain out on the entire island. A live report from san one coming straight ahead. Melissa the dow sevenday winning streak coming to a end. Nicole, what happened . I cant say record close. I can say intraday record. We saw some financial jitters. We talk about the rate hike at end of the year. Names like Proctor Gamble and apple i will get to right now weighed on the Dow Jones Industrial average. The dow finished near the session lows. Taking a look at apple, down 1. 7 today. Closed at 153. 39, down 3 1 2 for the week. There are concerns about the watch, connectivity, about making phone calls which is one of the
All the latest details for you. After the bell, nike will report earnings. We got a debate on whether the stock is a buy ahead of that release. We begin with all of the news how ut of washington. Cnbcs john harwood is in d. C. With developments on the effort to repeal and replace obamacare. Ylan muil has the latest on the tax reform eamon javers, details on the press conference with the Prime Minister of jane Janet Yellens speech this afternoon. John, lets begin with you. Wilfred, today it became official what was obvious yesterday when Susan Collins became the third republican to oppose that Graham Cassidy block grant bill to repeal and replace obamacare. Turned tout be three republicans who caused them to pull the plug rand paul of kentucky, john mccain of arizona, Susan Collins of maine other opponents as well. Many states including the states of these three senators lost money under that plan. Remember, this is a plan in 2026 would have taken away 215 billion that the government is
Luther strange, backed by Senate Republican leadership and by President Trump. Let us know what it all means. Phone lines are open. Host we want to show you a couple of headlines this morning. The headline, the former chief justice finishes a dominating , winning almost 10 Percentage Points last night. More momentum is the headline there. From the state of kentucky this morning abandon and one other front page to show you this morning from alabama. This is the messenger inquirer out of them out of alabama. The front pages of kentucky papers on the day Mitch Mcconnell will certainly remember and probably not fondly after losing the effort to push through a repeal and replace legislation. Abouts up first to talk it from alabama, birmingham. Independent. Who did you vote for . Or did you vote . I can tell you why he won. He has integrity. The minute the campaign started attacking his integrity, it was over. What do you think happens in the general election . Democrats perhaps thinking mor
Quorum call during this. Id note the absence of a quorum. The presiding officer the clerk will call the roll. Quorum call quorum call mr. Durbin mr. President , i come to the floor to discuss the republican tax reform plan and what impact it will have on the Fiscal Health of our nation, but especially the impact it will have on working families across the United States and in my home state of illinois. Ive represented illinois and congress both as a house member and a senator for a number of years. Im proud to say that during my career i have not shied away from tackling big issues, maybe one of the toughest assignments ive ever had was in 2010 president obama created commission on fiscal responsibility and reform known as the Simpson Bowles commission. I was one of 18 democrats and republicans given the responsibility to balance americas budget and reform our Spending Program and our tax code. This is no small task, but it was an important one. We spent month after month in bipartisan
Now on for Senate Republicans to pass what President Trump calls the largest tax cuts in u. S. History. Welcome to risk reward im elizabeth macdonald. The dow streaking up 160 points the s p and nasdac also hitting fresh new highs as President Trump pitched tax cuts to both democrat and republican members of the Senate Finance Committee Earlier at the white house today making it clear he wants to bipartisan support for tax cuts. The president says tax cuts will help grow jobs to the middle class and put an average 4000 into the pockets of americans. This as five democrats on the committee of the Senate Finance committee face reelection next year and states that President Trump won. Republicans now forecast tax cuts by thanksgiving while the president says it could be christmas. Well have more on that in a minute but first a warning sign. Investors are pulling more money out of stock funds than they are putting into those funds so far this year. Pulling 36 billion thats flowing out of e