Mnuchin, laying out the case. How much detail was there compared to what we had thought, what was indicated in the hours leading up to the announcement . The key moment was when he says they would be attacked on the left and also the right. The question becomes politically speaking whether or not they can unify this public in party in order to advance Republican Party to advance their goals. Lead tore things that more questions, and we will have to wait and see as the reaction comes out of the House Freedom caucus whether or not they feel this is enough in order to advance their goals. How they choose to pay for this program truthfully the numbers are being crushed. Im sure people like bloomberg northwest are carefully crunching the numbers as we speak. , it is the you have been following for some time. We saw the s p reaching the closest high for the day, though why tf has almost doubled, certainly a big deal. What maderprised you, you do a double take . Sahil a few surprises so far.
Senator ben cardin says the u. S. Needs a strategy to change north koreas calculus on its economy and security. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Caroline im caroline hyde. This is Bloomberg Technology. Coming up, the Trump Administration unveils, quote, the biggest tax cut in u. S. History. But whats in it for tech . The fcc chairman officially out with a plans to kiln that neutrality as we know it. Ajit pai joins us for an extended interview. And a bloomberg scoop. Dropbox hits akil moscone hits a key milestone on its way to an ipo. First, the Trump Administration lays out sweeping proposals to reform the u. S. Tax system. The plan proposes to cut the Corporate Tax rate more than 1 2 to 15 , business is big and small. Cut to the also be a top tax rate. Be a 1 one time tax on moneys currently over sure overseas. Why there needs to be tax reform argentum is to make u. S. Busin
Then actually our revenues are slightly up versus the First Quarter of last year. The Analyst Community was looking for was a sign that you had client balances back to levels we would have seen last year,. Especially your prime brokerage have you got that . Our prime workers business, we have recovered 50 of the bells we lost in the Fourth Quarter of last year. Not yet fully back. We see this in all businesses. When we need to be mindful of the fact that when clients come say, lets reengage, it is not that the following morning you report new revenues. It takes time to work on transactions. Take corporate finance. In reality what we are seeing is revenue in the First Quarter of this year is largely stuff we worked out in the prior quarters. See a lot of reengagement of clients across all business lines, or you can see some immediate effect in Asset Management, new assets and wealth management, that you can see immediately. Prime brokerage. When you compare with the Fourth Quarter of la
Tonight near 5 80 and harrison as i said drivers being taken off the freeway at broadway and let back on at oakland avenue. This is the third shooting on 5 80 in oakland in the past three weeks. On monday some one shot at two people in road rage incident 94 lake shore. No one injured in that incident. And on november 30 two people went to the hospital after shooting at fruitvale. Well of course stay on top of this and have update trout the hour and full report at 11 as well. Good evening im dan. Amma has this newscast off. Shell be back with me at 11. Other top story tonight. Tracking another major storm. Falling on busy travel day right before christmas. We see what is headed our way. And if driving you should know that 12 states from here in california to north dakota are under some sort of winner alert from heavy rain to snowing conditions. Now let me take you outside to sfo. Rain coming tomorrow. To the bay area. Could play a big factor in flights out to and from the airport. Drew
Trade today with union boss richard. Not always a fan of trumps. With Lockheed Martin and, yes, you can see the picture there thats talk show host steve harvey as well. And chicago disturbing new report from the department of justice highlighting supposed abuses by americas Third Largest police force. But what is going to stop the murders . Thats the real question. Weve got Team Coverage from chicago to washington on all of this and a lot more. Melissa all right. Breaking news right now. The house just taking a critical step towards repealing and replacing obamacare. Fox news Mike Emmanuel is on capitol hill with the latest. Mike. Melissa, good afternoon. The vote was 227198 a short time ago. Only nine republicans voted against this measure. It had already passed the senate early yesterday morning. Now it has passed the house, and it will tell the relevant committees to write legislation for a former repeal. But what this bill does is it keeps democrats from being able to filibuster in