With the president. President trump had a taste of the sweet bipartisan nectar after making the debt ceiling deal with chuck and nannes while the idea of crossing a 60 vote Senate Threshold to make cuts longterm is intoxicating by working with the dems, swap and spit with the people who would trade kidneys and grandkids for a majority in either chamber to kickstart impeachment proceedings. Fans of the president think its a stroke of genius for him to torture his own party by having pillow fights with the opposition, but the president is in need of a win any, compromise is worth the interparty bad blood and spent capital. After a botched and Embarrassing Health care loss, the president cant rely on Republican Leadership to deliver something as crucial as tax reform and that leaves people posing the wrong what if . The question isnt what if the president fails on taxes with republicans . Its what if he succeeds with democrats . Theres not a donkey in washington or tea juana with an ounce
Promise to create jobs and grow the economy. Hes now calling for middle class tax cuts, main street, he says, is his priority. Not the upper brackets. Pushing the wealthy aside to focus on job creation with Corporate Tax cuts instead for job growth. Trust me wealthy americans are not my priority. My priority are people in the middle class, and thats where were giving the big tax reduction to. Its about middle class and jobs and about bringing jobs back to the country. Bringing back the Companies Back so that companies can get a reduction. Right now, were paying the highest tax rate in the world. We want to bring that to around 15 . That would take us competitive with china and other countrie countries. Liz welcome to risk and reward. Im elizabeth macdonald. Now look at this. The dow and the s p hitting record highs today. The dow closing up 45 points. This as the president reaches across the aisle to get a deal on tax cuts and possibly a new Border Security Immigration Reform deal that
Today. Alix a really exciting couple of hours lined up. The theme is Capital Markets. They will be talking about mifid, regulation, tax reform. To help highlight that, i will be joined by david solomon, coceo of Goldman Sachs. Jonathan i want to know who at goldman wants to move from london to frankfurt. Alix nobody. Jonathan nobody i have spoken to. Alix i am asking him that. That is my last question. Jonathan lets get up to speed on the markets. Futures are firmer as we end the winning streak on the s p 500 in yesterdays session. We pop higher. In the fx market, the euro showing a little strength, up 0. 1 as we march toward Mario Draghis decision. In the treasury market, 2. 40 on the u. S. 10year. David thank you so much. Thats get an update on what is making headlines outside the Business World. Emma chandra is here. Emma the Chinese Party has elevated president xi jinping to the same status as mao zedong. It would give xi more power to enact policies after crucial reshuffle tomorro
Director james comey speaks out for the very First Time Since his abrupt firing. He released a farewell letter to employees after his stunning ouster writing quote i have long believed that a president can fire an fbi director for any reason or for no reason at all. It is done. And i will be fine. As reports surface the president ordered attorney general Jeff Sessions and deputy a. G. Rod rosenstein to provide in writing the case for firing comey. Multiple news outlets from the New York Times to the Associated Press report comey had just requested more resources to pursue his investigation in russias meddling in the 2016 election and possible involvement of Trump Associates before his termination. It is fueling questions if this is the true motive behind the firing. The White House Deputy press secretary says the decision had everything to do with his handling of the clinton case. Again like i said he lost confidence in director comey, and frankly, hed been considering letting director
Break yofrg night former fbi director james comey speaks out for the very First Time Since his abrupt firing. He released a farewell letter to employees after his stunning ouster writing quote i have long believed that a president can fire an fbi director for any reason or for no reason at all. It is done. And i will be fine. As reports surface the president ordered attorney general Jeff Sessions and ag Rod Rosenstein to provide in writing the case for firing comey. Multiple news outlets from the New York Times to the Associated Press report comey had just requested more resources to pursue his investigation in russias meddling in the 2016 election and possible involvement of Trump Associates before his termination. It is fielding questions as it was the true motive behind his firing. The White House Deputy press secretary says the decision had everything to do with his handling of the confidence in director comey, and frankly, hed been considering letting director comey go since the d