They know we need it for the people, we need it for the middle class. We need it for jobs. I dont think they will do that. I know bob corker. I dont know flake that well. I think they file they have to do they think they have to do it for the country. Charles house ways and Means Committee chairman kevin brady contradicting President Trumps previous comments earlier this week saying changes to 401ks are still on the table. President trump says no. Chairman brady said it could be on the table. Maybe it is and maybe well use it as negotiating. But trust me, one of the great things there are certain elements of deals you dont want to negotiate with. 401ks, and kevin knows it, he knows how important 401ks are. Charles tammy bruce and liz peak. This brady thing threw a Monkey Wrench in this. Im not sure why they keep bringing things up like this that scare the heck out of the market and almost everybody watching the show. And why they are so focused on this being somehow revenue neutral. Wh
A little more mixed housing data. Again in stocks, but not much of one for the nasdaq. Big blockbuster Companies Like alphabet coming out after the today. Another way of looking at the long bull run we have seen in stocks on the bloomberg terminal here. Highweek low and a 52week for the s p 500. Obviously, much closer to the 52week high line than for the 52week low. Has not broken that 52week low since 2016. Just a continuation here. On the plus side, we have twitter earnings. Company sales beating estimates and added more monthly users. Big snap up in the shares today, up 12 . Ford reading earnings estimates of sales of nfc west big caps in particular of f series pickups in particular. These companies have been beat up recently, the drug distributors, over their concerns of their tying to the opioid crisis. A little bit of a snap up after that. Also want to look at biotech. Bloomberg intelligence call it a bloodbath today. Down 2 . After thatn 19 company cut its longterm profit target
Bloombergs chief washington correspondent, kevin cirilli, on capitol hill. The opportunity to pass a bill without the democrats did outweigh the complaints that some lawmakers had. Complaints, most notably from republicans in states like california and new york over exemptions to the state and local tax production still will not seemingly be enough to block tax legislation built when it comes to the floor. The budget in the house of representatives on a 216to 12 margin with five members abstaining. Is not enough for them to, should they form a coalition, to block any type of tax reform bill once it is brought to the forefront. Things could get interesting during the public hearings. Within the last hour, weve heard all right jokingly suggest that when they do unveil their tax plan on november 1, President Trump will be overseas in asia. Markup is slated as of now for november 6, one week away from monday. One a listen to what republican representative had to say about what he is holdin
In just days, House Republicans will introduce the tax bill. New details where the plan stands now. An order from the top, searching for answers for the uranium deal. President trump urging the Justice Department to break a logjam and lift and order on the the informant. Keeping quiet and playing dumb. How could the campaign to elect Hillary Clinton 9 million on that russian influence phony antitrump dossier without hillary or the dnc head knowing anything about it . Among our guests to answer all these questions, charlie hurt from the Washington Times. Guy benson from townhall. Com. Republican congressman, Louie Gohmert. Andy parr. A. Barr. A full show today. Melissa the house passes the budget, getting us closer and closer to tax reform. Nicole petallides on the floor of the new york stock exchange. Good afternoon, to you nicole. Good afternoon to you, melissa. Off the highs, up 130 points but up arrows as you noted. 70 points to the upside for the dow. Looking at alltime highs, home
Reporting the fbi and cia successfully implored President Trump not to release documents, even though the intelligence agencies have had a quarter century to prepare for this day to actually follow the law. White house Officials Say the president will state in a coming memo that he had, quote, no choice but to keep some of the jfk files secret because of National Security concerns. The deep state, and the Intelligence Community effectively holding a vito over the publics right to know and the volition of our president. As they have for the past 54 years when it comes to these documents. Julian assange offered a disturbing analysis behind the decision to delay the release. He says intelligence agencies seem to be determined to make trump look weak by delaying jfk files after he promised their release today. This has to end and it has to end now in my opinion. Also in the news tonight, sources telling fox news that President Trump himself ordered the Justice Department to lift that gag o