President so i think we see some of that inflation perhaps you might call it hyperinflation that janet yellen and other central bankers were hoping for but you know youve got the wealth effect because youve got stock market by Market Property market trip the market all getting behind is due to all time highs trading trillions of dollars above all i walked into the entrance of the hotel here in miami and theres just replete with lamb bones everywhere lamppost rolls royces plus rotting you know the trickle down of different dont come to me the stock market the Property Market is having a boom time. This is a sort of town where you can drive a lamborghini into the hotel lobby its pretty interesting so one of the biggest stock on the stock market of course is apple i think it was the First Trillion Dollar Company right getting pretty close very close and so they theyve had a good time obviously in the past year as a stop. Markets have bloomed but one thing i want to look at is what has Tax
I want to look at is what has Tax Reform Tax reform has done to their bottom line and what sort of benefit thats going to bring perhaps to the u. S. Economy this isnt this headline apple says it will pay thirty eight billion dollars in foreign cash taxes and create twenty thousand u. S. Jobs apple said last week that it would make a one time payment of thirty eight billion dollars to repatriate some of its vast overseas Cash Holdings the company which has faced International Criticism for its tax evasion policies also said it would spend thirty billion dollars in the u. S. Over the next five years creating twenty thousand new jobs so this is rolling off of the tax reform weve seen a lot of these sort of announcements that apple is also giving a two thousand five hundred dollars bonus to most of their employees in the United States. We saw walmart announcing a thousand dollar bonuses Southwest Airlines American Airlines so many corporations have been amounts in big bonuses because of th
Behavior, by holding out the prospect of relief if the worlds concerns were addressed. Once the iaea verifies that iran has taken key steps to rollback its Nuclear Program and extend its breakout time to at least one year, sanctions relief would come into effect. There is no signing bonus. To be clear, there will be no immediate changes to you in, eu, or u. S. Sanctions. Only if iran fulfills the necessary nuclear conditions will be u. N. Suspend secondary sanctions on a limited basis. Of course we must guard against the possibility that i run iran does not uphold it set of the deal. If iran violates its commitments once we have suspended the sanctions, we will be able to snap that vote to the u. S. And human sections. Since prohibiting the human stamp act requires a prohibitive vote from the un Security Council, the United States has the ability to force every imposition the reimposition of those sections. We will maintain significant sections that follow outside the scope of the nucl
Welcome im peter dhabi youre watching the news our live from our headquarters here in doha coming up in the next sixty minutes madrid asserts its orthorexic charging catalonia as leaders with rebellion sedition and financial wrongdoing. President trumps former Campaign Manager has surrendered to the f. B. I. He is the first person charged in the investigation of ties between the Trump Campaign and russia. Tension in kenya as the electoral board prepares to announce the final results of the president ial Election Rerun. In spore the Houston Astros edge one of the most dramatic games in world Series History a thirteen twelve when are the l. A. Dodgers putting the astros in sight of a first world series title. Ok we have three big stories for you here on the news we start in spain where spains top prosecutor has filed charges against those responsible for catalonia as independence declaration Jose Manuel Moussa is calling on catalan leaders to testify on rebellion sedition and charges of
Worldwide exchange here on a monday on cnbc im sara eisen. Im wilfred frost lets go to the markets and show you how the markets are shaping up especially the nasdaq. That was a standout. Up a full percent after the dow and the s p also closed higher futures are under a slight bit of pressure. S p down 3, nasdaq down 3 as well as for the 10year treasury note yield we come off a week with a pretty solid jobs report though wages werent moving higher enough and an announcement of a new fed chairman and the tenyear yield still low. The tenyear yield went down. It ended from 2. 43 to 2. 33. Better data on the u. S. Economy. Thats why financials were the worst performing sector. Tech was the best. Lets have a look at markets around the world asian markets this morning are a little bit mixed performance as you can see hong kong slightly lower. Shanghai and japan doing well. European trade for you, another great week for the dax both france and germany ended at record closes on friday. Germany