We have that and a whole lot more on making money. Charles major indices in selloff mode this morning with most testing key support points. Many are bracing for this. Many are hoping for a pullback in a long time. How does an investor know when it is overdone . I want to discuss that with Gibbs Wealth Management cio erin gibbs and liz young and Capital Wealth Planning jeff saut. Let me start with you, liz first because youve been kind of feeling like okay, wall street has been talking up this day for a few weeks, perhaps over a month when it came. Were at this moment. Where do we go from here . Leading up to this day weve been saying the risk for disappointment was pretty high. The shanghai composite was down only 2 before this. That didnt seem like enough. Markets in the u. S. Rallied through the beginning of the year. Didnt seem like there was enough after pullback. It felt like it had to be shakeup. Charles everyone agreed there wasnt enough of a pullback and you couldnt get the pul
People who are currently paying 15 would go to 12 . Then a new kind of interim bracket, but they didnt clarify it, 22. 5 . 25 bracket, a 33. 5 bracket 32. 5 bracket, a 35 and 38. 5 would be the highest income. And they would eliminate what they call that bubble. That was a problem with the house plan which was 39. 6 . They did not give us the income breakdown. Believe it or not, liz, theyre still trying to work all of this out to bring it in for scoring. Now, the tax reform brackets, again, the house has four, the senate has seven. The top tax bracket in the house, 39. 6 . In the senate it would be 38. 5 . The Corporate Tax rate, 20 . Both agree on that. But as Maria Bartiromo first reported this morning, they will delay it in the senate one year. This was unacceptable to gary cohn and to President Trump, but steve mnuchin, the treasury secretary, told Maria Bartiromo hes willing to work, the administrations willing to work with the house and the senate on this oneyear delay. So all ey
What just happened. Zika has spread out of its original counties to one of the wealthiest enclaves in america. Well see how zika is affecting the business and could it affect the election . Pulling back right now at session lows, should investors treat their portfolios like a game of pokemon go . And look abroad to capture real wins. Were less than an hou closing bell. Lets start the countdown. Liz breaking news. Youre looking at live pictures on your left part of your screen in des moines, iowa. And thats where hillarys about to speak. On the righthand side southWest Virginia Higher Education in virginia where donald trump is set to speak. Lincoln high school in des moines is where hillary has a crowd waiting and of course as we mentioned, were waiting in virginia for what donald trump will do. People are waiting to see if he addresses the latest over what he said yesterday at a rally over how Second Amendment supporters could react to a hillary presidency. But were starting with some
Bank, second, big story, what is he thinking . Donald trump keeps the womens weight issue o alive, at 3 00 this morning, it was out tweeting again about the butt queen media is pounding him again. And what is she thinking Hillary Clinton faith foreign leader Angela Merkel changed germany for ever opened door to millions of muslim migrate immigrants media is ignoring that you cant ignore this, veterinarian veterinari Varney Company we are about to begin. Who i is your favorite world leader. Oh, let me think. What am one favorite iss Angela Merkel an extraordinary strong leader during difficult times, in europe. Which has obvious about implications for the rest of the world particularly our country and i hope i will have the opportunity to work with her. In the future. We wanted to let you hear what she said, Hillary Clinton says favorite foreign leader is Angela Merkel of germany more on that in a moment, look to the stock market this friday morning we are going to open ever slightly hi