Reporters he is open to a pathway to citizenship for the socalled dreamers. Return . L it cost him in the white house is set to release their immigration plan on monday. If itats must decide is something they can live with. Let me start with immigration. Do you agree President Trump is softening his tone . Sen cardin i think the president has made things more difficult. He started by creating this prices crisis by putting the state of the dreamers last september that require deportation in march. Now he is saying we will give them a pathway to citizenship, but the price is radical changes in the immigration policies. That will be very difficult to get through congress. We have a Bipartisan Group working in the u. S. Senate, a large number of us. I think we have a good chance of coming up with a bipartisan proposal. I would hope the president would allow us to work in the u. S. Senate. That is what he asked us to do. Without setting parameters and making it difficult for us to do our wo
Were lockstep with europe this is a very big change. You pointed that out a number of times the tenyear note yield creeping up a little bit from the lows we saw last week. Maybe helping firm up the financials just a bit. You see crude there. We just heard, of course, from the treasury secretary of the United States, steven mnuchin. As they wrap up squawk box. Tax reform, its got to be the most significant item on the agenda you know, he seemed to echo comments he made in the past about 15 being a target but not hard and fast. He did say some things in terms of pass throughs when pressed by andrew how are you really going to be able to prevent people from becoming llc and therefore benefitting from the potentially lower tax rate than they would as individuals he said, Service Companies would be one example that were not going to allow im not sure we heard that before in terms of specifics when it comes to how theyre going to sort of thread that, very importantly if everybody becomes a p
The president and his team set to dine with the two top dems tonight. Power lun power lunch starts right now welcome, everybody, to power lunch. Im melissa lee. Stocks are trading in a very narrow range the s p did hit another intraday high the best performing sectors, tech and materials, the biggest drags. Check out some movers. Up 6 . Leading the s p 500. The Company Buying new York Health Insurer fidelis care for 2. 7 billion take a look at dolby labs. Apple tv will support dolby vision here is what else is happening. Democratic senator, mark warner, asking the federal trade commission to investigate equifax Data Security practices and Customer Security response following the recent attack. Target getting ready for the crucial season hiring about 100,000 seasonal workers. That is a big jump from last year viacoms mtv seeing its first summer ratings growth in six years. Brian . Charlie, thank you. We begin with apple and its big event 24 hours ago in cupertino. Apple announcing three
Ten year steady, just south of 22, Industrial Production 15 minutes away we begin with wall streets record run stock futures mixed ahead of the open. Terror in london, 22 injured in an explosion on a london subway train during the rush hour commute and Facebook Advertising under scrutiny the social network revamping the selfservice ad byi inbuying pl. First up, the dow is aiming for another record high, a sixth straight positive session. The markets resiliency tested today. Retail sales fell unexpectedly in august by. 2, dragged down by autos. They couldnt isolate the effect of harvey on retailers then news of north korea firing that missile over japan for the second time into the ocean there will be Security Council meeting today. But on retail sales, interesting, nonstore, which is essentially amazon, down 11, the worst month since april of 14. Thats so out of whack with everything you hear. Lately the numbers i think have lost some degree of their validity i think by the way, i thin
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y