Now. Brent down more than 1 . Natural gas up slightly. Mr. Wonderful and mrs. Wonderful. Are we allowed to say that youre not together, but thats were you watching before yes, i thoughtthat was a great tease. Kayla is mrs. Wonderful. Shes terrific kevins the original. Maybe im lower case w. Weve got a lot of news to talk about this morning. Geely auto has bought an 8 stake in volvo also giving gely the rights. Gely also owns the truck maker volvo started to do much better. Are you guys volvo fans . Ely als. Volvo started to do much better. Are you guys volvo fans . So i always had a volvo growing up im a fan. Kevin, i can tell youre not volvo. Im getting to the place where i think all auto manufacturers are going to make rail cars in 20 years. Because autonomous driving whether its for individuals, trucking, the brand wont matter as much. You dont even know the name of the company that makes all the rail cars. Its a huge company but nobody cares. But you know so tell us i dont know, ac
We, after kind of mixed not much going on yesterday. News of course a bit slow in some ways, european markets were open yesterday, many closed for both the christmas and boxing day holiday. You can see a mixed bag in europe, asia overnight also somewhat mixed. Lets get to the 10year note yield on crude oil and how were doing on both of those important market barometers. And you see wti down lets get to the road map this morning. It starts with the tax effect. More Companies Including barclays and shell outlining major tax linked changes to the bottom lines in the first quarter. The race is on for fed vice chair former bush era advisers reportedly in the running. Tesla t is in a direct challenging a tesla pickup could hit the road but does tesla already have model 3 problems . Stocks look to rebound from yesterdays decline. A number of companies reacting to tax reform. Barclays expects a writedown of 1. 3 billion on the annual post tax profits. Royal dutch shell sees a charge of 2. 5 bi
Passage. Tax reform bill providing 5. 5 billion in cuts as well as repeeling the obamacare mandate. Increasing Gross Domestic Product above 3 . The creation of 1. 7 million new jobs and cutting unemployment to 4. 1 . The dow hit record highs and rebound economic confidence, now at a 17year high. But cnn, they see it a little differently saying the president s accomplished, well, was mostly controversy. 2017 was a turbulent year. Dominated by politics, saw a u. S. President unlike any weve seen before. I, donald john trump. Donald trump known for controversies. Controversial travel ban. Witchhunt. Another controversial tweet. Name calling. Rocket man. They call her pocahontas. Trump fired fbi director james comey. Chief of staff Reince Priebus is out. Through all the chaos he reshaped the white house and the worlds perception of america. The 2017 review did go onto mention north korea, isisa and terror attacks. Joining me now is representative marcia blackburn, congressman from tennesse
Reform promised by the white house was delivered on time. And now, as the wrapping continues to get ripped off, were finding out more and more about the impact of the new law. And now more companies are coming out with figures on how their bottom lines might be affected. Positively, negatively. Morgan brennan has a look. Reporter Corporate America is finally beginning to release hard numbers from the Immediate Impact to the Balance Sheet from tax reform. Insurer chubb expects a bottom line boost in 2017. Daimler and bmw, although bmw added it couldnt quantify the tax effect for 2018 just yet. These announcements coming after fedex kicked off the trend last week, saying reform could add 1. 5 billion in profit to fiscal 2018, before the bill had even become law. Were encouraged by the tax cuts and jobs act, the legislation advancing in congress at this very moment. This legislation offers pro growth, pro Business Tax Reform solutions that will power the economy, increase business investm
Literally lining up to pay their 2018 property taxes. Are we in there somewhere . Do you hear christie made moves today. Did he . He did. In his last couple of days in office yes, apparently well tell you whats going on with that and whether its worth it to pay your property taxes ahead of time because of the tax bill thatll be very interesting. But lets start with how companies are going to be impacted by this tax law, number of corporations have released the impact that they will see, Morgan Brennan has going through those filings, she joins us now with the latest details, morgan. Yeah, thats right, bill, finally getting some hard numbers regarding tax reform or at least i should say the Immediate Impact of tax reforms. Companies readjust their Balance Sheets among the immediate or near term winners which expects the bottom line boost of at least 250 million in the forth quarter, german auto makers expect to see net profit wind falls for 2017, they did add it couldnt quantify the tax