First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will put more money in it workers paychecks but the same time t
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha
Our staff and everybody. Thats matt hugging jackie, who is his assistant for 20 years. The whole 20. He walked out with katie. He was surprised to see savannah. Look at this. And dylan. Wait. What . Wait. What . Everybody came out to give matt his due. And it also happened to be katies 60th birthday, so we had lots of candles. There was a lot of candles. It was slightly scary. They said they really did have to have a fire marshall. When we watched that taped piece, it was awesome. Its unbelievable. It documents, like, American History too. Were going to revisit some of those great moments with matt in a little bit. Coming up on our program, we have the legendary rocker gene simmons. He is here. He is the front man, you guys know, from kiss. He has another project he has been taking on. He will tell us all about it. That will be fun. We tried to break our social media addictions. We started tuesday . Wednesday . Wednesday . Seems longer than that. We started on wednesday. We deleted our
His presence today honors the late don bendetty, former chairman of the Nixon Foundation board and a parishioner at our lady of mount carmel. Don and his lovely wife dorothy will be joining us today. Have been devoted friends and supporters for over 25 years working with president nixon. And ark techs, don oversaw the construction of the original library, including the restoration of the president s birtsz place. Ladies and gentlemen, monsignor lawrence baird. Almighty god, how good it is for us to come together as one as we dedicate this Historic Museum and library which houses a repository of the history of the years of the presidency of Richard Nixon. We invoke your blessing upon us. Citizen volunteers and leaders of our county and state and country, the desire to build an america where freedom, opportunity, prosperity, and Civil Society flourish. We pray for the leaders and citizens of our Great Republic for all the men and women who are called to serve the American People and judg
His presence today honors the late don bendetty, former chairman of the Nixon Foundation board and a parishioner at our lady of mount carmel. Don and his lovely wife dorothy will be joining us today. Have been devoted friends and supporters for over 25 years working with president nixon. And ark techs, don oversaw the construction of the original library, including the restoration of the president s birtsz place. Ladies and gentlemen, monsignor lawrence baird. Almighty god, how good it is for us to come together as one as we dedicate this Historic Museum and library which houses a repository of the history of the years of the presidency of Richard Nixon. We invoke your blessing upon us. Citizen volunteers and leaders of our county and state and country, the desire to build an america where freedom, opportunity, prosperity, and Civil Society flourish. We pray for the leaders and citizens of our Great Republic for all the men and women who are called to serve the American People and judg