Cisco and all the rest. The rally that helped today. President trump meeting with a number of the top ceos at the white house today and they all made their case against trumps border tax. Eamon javers is in d. C. Reporter . To the ceo of target very briefly after this meeting. A lot of them didnt want to talk about what happened. They did definitely bring pup border tax. Presumably behind the scenes they made the same argument theyve been publicly. Heres the argument against the border tax. Theyve been saying it could like prices by as much as 20 and the tax could derail job growth. Thats a key priority of the jump administration. They stay border adjustment tacks could cause a recession. They said that to the United States in the president of the United States in the closed doors but in the open doors, they talked about the mans for a tax cut. That got the markets attention. Heres what the president had to say. Tax reform is one of the best opportunities to really impact. So were doin
Before we get started, we have breaknews. Lets get to Steve Liesman back at hq. Steve . From a Trump Press Conference to liesman on big numbers on debt, huge numbers. The new york fed saying Household Debt rising by 226 billion in the Fourth Quarter of 2016. That is the biggest jump in Household Debt since the Fourth Quarter of 2013. It is now at 12. 58 trillion, the biggest number since the Fourth Quarter of 08, which youll remember is right around when it started to decline with the financial crisis. What led the way . Mortgages at auto loans were behind this rise in Household Debt. But interestingly, bankruptcies and foreclosures reached an 18year low, which is the history of this particular survey. So, those rates are really well down. Youre not seeing a rise in bankruptcies and foreclosures, even while youre seeing the rise in debt. Credit cards and student loan balances were also part of the increase. Carl, we dont know if this is part of the trump phenomenon, the post confidence
Whether or not the supervisors will set aside 2. 3 million. This will help with legal fees. There are about 80,000 to 90,000. Under the Trump Administration there could be called, quote, mass deportations. This would authorize the county to help pay for legal service, legal clinics. To provide health to representatives or could face that reality in the coming months. The funds will also pay for education funds. We spoke with the office of immigration relations. In san jose did a study two years ago and found contributed 1. 8 billion. She says thats why its important for the county to take steps in help and support this community. We had such a large one. Part of the population could be potentially deported and really i think its very important to sort of be able to look at sort of the other areas that would impact if that were the case. Especially if i mentioned the economy and really impact on tourism and the impact on many areas within the county. Now county board of supervisors in s
Countdown everyone. Let us start with some breaking news. Let us go to scandinavia. We have firstquarter numbers coming through from the scandinavian lender. They are talking about their net krone. Numbers at 4. 31 that looks to be ahead of estimates. Around the broader operating conditions they see week stock market producing Lower Commission in comfort that is a backward kind of statement about the previous quarter. They talk about q1 net interest coming in at 5. 2 one billion krone. They talk about increased lending volume and a lower market Interest Rate weighing on their net Interest Income. That is interesting because we had diverted views regarding these numbers. Divergent numbers regarding these numbers. Through has increased 2015 and that would make life tough for this business. They have a new ceo. She is said to be talking to us 9 20 a. M. Oomberg at u. K. 10. Frome also getting numbers the aerospace and defense industry. First quarter adjusted revenues rising by 7. 8 year o
Block away from the newest player in town, casino maytrix which opened last year. Hip an swanky they have siphoned off some of the bay 101 business. It would put them in closer competition and create san joses version of the strip. In the gaming business, patrons often like to go to different places, maybe your luck isnt good at one moment and you want to walk with a new start at a new place so we think there will be good synergy between the two clubs being closer together in an environment where its safe and pleasant to walk between them. Reporter the owner of maytrix wasnt available for comment but some of the Office Workers who come to the casino for lunch say competition is good. Probably feed off each other. I dont think it would take way from either one. They are pretty close right now. Theyre both doing well. Reporter these plans are still pretty preliminary at this point. But if approved by both the Planning Commission and san jose and the city of san joses city council, the bu