Afternoon. Senators are offering changes through motions to commit, votes are planned for 11 eastern on two motions, and now, live to the floor of the u. S. Senate, here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. God you have truly been good to us. Even when we stumble and fall, your mercy continues to sustain us. Lead our lawmakers to realize that the abilities you have given them are only maximized when they are used for your purposes. Show them the best way to use their talents and opportunity to honor and serve you. May our senators this day speak words that are constructive and helpful, bringing encouragement as well as vision to their labors. Give them the wisdom to know your will be the courage to do it. Let your presence be felt in this chamber and everywhere on earth. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge o
, one of the three softer currencies against the dollar. I wanted to follow the tech selloff. Nasdaq futures are down again. 7 . We have seen that industry continue. Lets get an update and wants making headlines. Emma chandra is here. Am it there is a turn in the tax bill debate and Republican Leaders are scrambling to save the bill. Mitch mcconnell sent lawmakers home last night. They are looking to offset the cost of the measure. While republicans are asking the tax cut not drive up the nations debt. The price of oil is rising after opec will keep production curbs in place. Libya and nigeria have joined the agreement. Opec and allies like russia are trying to reduce global stockpiles. Oil prices are up 20 since september. Parties on both sides of the irish border issued are refusing to compromise. They are trying to deal with the hard border. The eu will not let trade talks continue until there is an agreement. Global news 24 hours a day powered by more than 2600 journalists and anal
So we have the current assumptions of 3. 25 for Price Inflation. 3. 75 for Wage Inflation and 7. 5 for discount rate. Were proposing two options for assumption. Option one would reduce Price Inflation and Wage Inflation and discount rate by 25 base points. Option two would reduce price and wage by 25 basis points. The data in the study shows the reasons for pushing in particular the Price Inflation down. Then we have a discussion of the discount rates, i guess we show the historical changes weve made in these assumptions. If im just going to skip forward just quickly, Price Inflation, if you look at all the survey information, 3 is kind of a high level. There are some of the california plans that are above 3 including this plan. But generally all the forecasts are lower including any pcs assumptions. Were keeping the spread between Price Inflation and Wage Inflation p flaition constant in all and surprise inflation constant iPrice Inflationconsta. There are lower rates particularly for
Heading our way in an hour and crude inventories not long after that new record at the open but the selloff for tech stocks continues to weigh on the nasdaq and s p. Jack ma, the push to brick and mortar and why jeff bezos struggled in the Chinese Market. A turning point for snap, a key 2018 outlook upgrade shares are up in the premarket. Futures are pointing to a higher open after the record setting day for the dow and s p offset by the sell offin Technology Microsoft and amazon had the biggest impact on the nasdaq and optimism surrounding tax reform. We did manage to get the vote in the house to go to conference with a little bit of drama last night. Jim, you said the reversal yesterday, doesnt bode well well, look, i was doing my show and you posted a little squib about reversal and i did not realize how serious reversal was obviously its more serious for the but i find reversals catch people out of position when youre out of position, you scramble and start reaching for things you
For discount rate. Were proposing two options for assumption. Option one would reduce Price Inflation and Wage Inflation and discount rate by 25 base points. Option two would reduce price and wage by 25 basis points. The data in the study shows the reasons for pushing in particular the Price Inflation down. Then we have a discussion of the discount rates, i guess we show the historical changes weve made in these assumptions. If im just going to skip forward just quickly, Price Inflation, if you look at all the survey information, 3 is kind of a high level. There are some of the california plans that are above 3 including this plan. But generally all the forecasts are lower including any pcs assumptions. Were keeping the spread between Price Inflation and Wage Inflation p flaition constant in all and surprise inflation constant iPrice Inflationconsta. There are lower rates particularly for california. We looked at all the systems that had an assumption of 7. 5 or above and looked at wha