What do i mean by the Bigger Picture . For starters, think about this for a second the fourth largest city in the u. S. Has been taken off line but for the most part, the state and local authorities seem to have it under control. While harvey has been a real tragedy for the millions caught in its path, the Natural Disaster hasnt been accompanied by any man made catastrophes like during katrina. Trumps visit to texas wasnt a fiasco if anything, it was workmanlike the president has had a real gift for being divisive in recent weeks, but if you only focus on the negatives, you miss the good things. Like the 3 gdp growth, smashing figure by the way. More important, though, the president is acting president ial the fact that we have now a world class Reclamation Project in houston that he can lead. This storm hit a heavy republican state im betting they could get tens of billions quickly to rebuild the moment the flood waters recede its going to be a massive shot in the arm for the nation,
They made their taxes lower, and far lower in many cases than ours and jobs left our country. Large corporations changed their Business Models by exploiting jobs to other countries and then shipping their goods back to the United States where they make massive profits and they wouldnt be paying tax to us either so we lost the jobs, we lost the taxes, they closed the buildings, they closed the plants and factories, we got nothing but unemployment we got nothing other businesses, even classic American Brands switch their headquarters to foreign countries. Because of this and other reasons like weak borders, america remains stuck in the past although i have to tell you, we have general kelly here today, and we stopped 78 going up to 80 on the border traffic coming through. In just a short period of time [ applause ] hes done some job whole different world out there right now. Today, we are still taxing our businesses at 35 and its way more than that and think of it, in some cases, way abo
Benchmark yield at 2. 34. The treasurys warning for washington and wall street pass tax reform or markets will fall. Ibm shares on the move after better than expected earnings despite 22 quarters of declining revenue. Big blue up 6 in the premarket. Dorsey vowing to make a more aggressive stance to crack down on hate speech and Sexual Harassment not only has the dow surpassed 23 k but up 25 since the prds was elected. On a political podcast the treasury secretary did warn failure to pass tax we form could derail the rally. Theres no question that the rally in the stock market has based into it reasonably High Expectations of us getting tax cuts and tax reform done it also has based into it optimism on regulatory relief, which theyve begun to see and theres expectations so i think to the extent we get the tax deal done, the stock market will go up higher but theres no question in my mind if we dont get it done, youre going to see a reversal to the significant amount of these gains. Weve
Indicated by the supreme court, let us move on. In nairobi tossed Water Cannons and fired tear gas at stonethrowing protesters today. They are protesting todays rerun, saying it is not credible. Many polling stations in opposition areas did not open today because of security concerns. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg. Abigail live from bloomberg , were 30dquarters minutes from the close of trade and stocks are declining as the dow is learning with a new record high. The question is, whatd you miss . , microsoft and intel all report. President trump speaking last hour at the white house about the Opioid Epidemic in america. He called it a National Public Health Emergency. We look at the impact its having on the labor market. Ingles be to nigel travis about his companys results in where his thoughts are on wages as we look ahead to next weeks jobs report. Scarlet opioid abuse is
Open up in an emotional interview. Why they call the Fraternity Brothers involved in that incident their sons killers. What they think should happen to them. And why they were appalled by what penn state officials didnt do. Today, monday, may 15th, 2017. Announcer from nbc news, this is today with matt lauer and savannah guthrie. Live from studio 1a in rockefeller plaza. Good morning, everyone. Welcome to today on a monday morning. Did you logon this morning . Im too scared. You might want to be careful. That is our top story this morning. A worldwide ransom world attack that already seized hundreds of thousands of Computer Systems and with a new workweek getting under way the problems are just getting worse. Kelly cobia has the story for us. Kelly, good morning to you. This is far from over. More cyder chaos. Those who are logging on only finding that the virus is still spreading. The cyberattack, unprecedented. This morning carmaker nissan and hitachi struggling. The biggest cyberatt