The buy, sell, and swap strategy. Bloomberg looks at the future of investing. What does it mean for these passive investment giants have so much money . Its been gaining more market share in the hedge fund industry. Its harder for them to find growth. Thats all straight ahead on bloomberg best. Michael hello and welcome, i am michael mckee. This is bloomberg best. The week began with high hopes for brexit breakthrough, following reports that the u. K. And it you had made some terms on their divorce agreement. The dream was quickly dashed on monday. Mark the expected breakthrough failed to materialize. Apparently delayed over the irish border. The European Commission president john paul juncker roke the news. Mr. Juncker despite our best efforts and significant progress, we and our teams were not able to reach complete agreement today. This lunch started around 1 30 brussels time. About four hours ago. We understood that it one point, theresa may actually broke away from the lunch to ca
Bloomberg looks at the future of investing. What does it mean for these passive investment giants have so much money . s been gaining more market share in the hedge fund industry. Its harder for them to find growth. Thats all still ahead on bloomberg best. Michael hello and welcome, i am michael mckee. This is bloomberg best. The week began with high hopes for brexit breakthrough, following reports that the u. K. And it you had made some terms on their divorce agreement. The dream was quickly dashed on monday. Mark the expected breakthrough failed to materialize. Apparently delayed over the irish border. The European Commission president john paul juncker broke the news. Mr. Juncker despite our best efforts and significant progress, we and our teams were not able to reach complete agreement today. This lunch started around 1 30 brussels time. About four hours ago. We understood that it one point, theresa may actually broke away from the lunch to call the leader of the Democratic Union
Mr. Portman mr. President , i want to talk tonight about a once in a Generation Opportunity we have in this senate tonight to help middleclass families, to help grow our economy, and im going to talk about the facts. Im not going to be making stuff up. Im going to talk about the real middleclass tax cuts that are in this legislation. Im going to show you charts that indicate not just what kind of tax relief is going to be there for you and your family, but whos going to pay, where the burden is. And despite what youre hearing on the floor tonight from some on the other side of the aisle, the burden of taxation actually increased in this tax bill for the wealthiest americans. And in terms of defending the status quo, which is the situation now where jobs and investment are going overseas, i think it is an outrage that this body has sat and watched company after company go overseas because of our tax code. And to say we shouldnt fix it, i dont get that. If we dont lower the rate on busin
Environment of being able to write your state and local taxes off. It would hurt millionaires in the state if you added a tax to them, give them another reason to leave the state. Chris christie by the way bemoaned that. Be that as it may, well get details from the governor shortly. Expected to be imitated across the country by other democratic governors coming in. Virginia is looking at that. A virginia democrat taking charge on saturday. Way too early to tell where all of this is going. What is not too early, look what is happening at corner of wall and broad for the second time this year the dow hit another milestone. Weve been in and out of it since. Now 25,971. This is seven trading days after 25,000. By the way it is the 8th 1000 point milestone since election day. The 7th since the president was inaugurated. Among some of the companies were looking at moving up smartly, a lot of people say based on tax cuts that are improving the bottom line, United Health an citigroup, merck al
Disease in virtually all of the countries around the world. I was just impressed as i walked through the poster sessions at aaic how many of the posters were researchers from korea, thailand, china, japan, et cetera, who were coming here to washington to share their knowledge and their perspective on the disease. Its a global disease, for sure. Its not affecting western countries. I want to throw one more question in here which is in terms of having a National Plan and harnessing all of the different groups working on this from the Research Community to big pharma to universities, government, et cetera. Three years ago, the Obama Administration released a National Plan to address alzheimers and the goal was struck me as exceedingly ambitious. By 2025, so in ten years to be able to prevent and effectively treat alzheimers disease. Does that strike you both as realistic . Ten years . The way we look at it its an aspirational goal. We absolutely want to be there by 2025, and i think the e