Least key sectors, and some Technology Issues taking it briefly at this time yesterday on the chin. Coming back a little bit. We have Charlie Gasparino here, we pot Connell Mcshane here, and the wall street journals shelley holiday. Shelby, it is more than a drip, drip, drip, but steady flow of companies doing this sort of thing and they all peg what is happening out there directly or indirectly that without these tax cuts they wouldnt be doing what theyre doing. What do you think of that. They do have more cash but they can do this the labor market is tightening. Theyre underpressure to boost wages. Treat employees better. Do the top talent. It is a winwin with businesses an trump administration. Yeah their tax bills are a lot lower. Businesses like to be in the president s good graces. This is easy winwin. Neil one of the interesting things looking back and forth how unexpected for a lost workers at companies, when they hear about it, i saw one story where home depot worker was, hadn
Youll understand why were playing that music in just a minute welcome to power lunch. Im michelle carusocabrera. Stocks carving out small gains the dow hitting yet another record high. Lets take a look at the benchmark tenyear note. The yields there hitting their highest levels since mid august. Right now the 10year yield at 2. 24 . Some of the stock movers, sprint and tmobile, both soaring our david faber reporting the two were in active talks about a merger again going the other way, however, best buy shares are tanking about 9 . The retailers outlook falling short of expectations. Were going to head live to the investor meeting in just minutes from now heres some other news happening at this hour cnbc confirming reports that the senate gop is looking at a tax cut that would total between 1 and 2 trillion. And are cereal and sausage the investing breakfast of champions . The company post hopes so because its buying food maker bob evans for 1. 5 billion and its prime time for kohls in
Mostly higher taking its cue once again from the u. S. Through the shanghai composite, nikkei average and kospi. The hang seng lower by half of a percent. The saudi ipo is on track. The managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. The push for tax reform back in the u. S. President trump set to head to capitol hill to encourage republican senators to move forward on tax reform. First daughter ivanka trump spoke about the importance of getting the reform passed. Watch. The tax reform is so critical. We are doing it administratively, and the regulation ever really feeling entrepreneurship in the state in terms of optimism, stock market. I would hear it in every conversation i had with the people through the course of the day. So that is what fuels them and that is what we are fighting f
Members, criminals, drug and human traffickers that threaten our citizens and that threaten our security. [applause] any member of congress who opposes our plans on Border Security and i know these folks didnt is only empowering these deadly and dangerous threats. And we will not put up with it, and the public wont put up with it. This bill also includes Important Health care resources for our great coal miners who have not been treated well. But now theyre being treated very well. And continues to make funding available to inner city children here right in the Nations Capital can go to the school of their choice. [applause] choice is so important. After years of partisan bickering and grid lock, this bill is a clear win for the American People. We brought lawmakers together from both sides of the aisle to deliver a budget that funds the rebuilding of the United States military, makes historic investments in Border Security and provides health care for our miners and School Choice f ou
President s report that he said in a memo to comey to let flynn go. And the fbi director reportedly kept a paper trail that said the president asked him to end the probe into flynn. It hasnt happened so far, but will trumps troubles crack this market . The u. S. Markets are pointing to a large decline at the open. Shares of target jumping in the premarket. The retailer blowing past some earnings expectations. Our top story of the morning is trump versus comey. Now confirmed by nbc news a memo by fired fbi director comey claiming that the president urged him to drop the investigation into former National Security adviser michael flynn. Lets get to eamon javers who is outside the white house with the very latest. Hey, eamon. Good morning. Marine one has landed on the south lawn to take the president away. Hes leaving to go to the Coast Guard Academy where hell give the commencement address later today and that will give aides a respite of the intense news flow, starting at about 5 00 las