Welcome everybody here to the heritage foundation. Im delighted to introduce dr. Sebastian gauker is with the nonresident scholar. He recently served as Deputy Assistant and as Vice President for National Security support under regular warfare. Please welcome him mow. I would like to thank john who is key to this speech happening today. Most importantly of all for giving me my official heritage tie. Sorry. Is it simon . Raspberry. I will talk for about 25, 30 minutes. Well have a q and a. Ill try to set the stage for what has changed. Lets go back two years. Lets go back to the Obama Administration and look at the reality of the terrorist threat dploebl globally and to the United States. Two years ago isis, the Islamic State of iraq had grown out of being a small sob group to being the first Jihadi Movement it is an Islamic State in the middle east. According to the Financial Times this group was able to raise at least 2 million per day as its budget from racketeering, local taxation.
To 2018. Are you tired of winning yet look no further than President Trumps huge tax cut for Corporate America, walmart the latest company to announce higher wages and bonuses thanks to the relief from the federal government, happening right before our eyes, s p adding half a trillion dollars in market caps, raising the question, are these the greatest tax cuts ever, which stocks will benefit the most as there is more money in americans pockets . This is the greatest tax cut. It depends on how you look at it if you look at the as the percentage of gdp, its not the greatest ever, its way down on the list of tax cuts in america. If you look at it from the corporate side, the greatest tax cuts weve ever seen the last time the Corporate Tax rate was at this level was in 1940 its impossible for me to say tax cuts are in the market they cant be in the market. Do you know what else is not in the Market Infrastructure energy, materials, industrials wait a second weve had a reflation trade for
That is more than double last years number, prompting fears violence triggered by Hurricane Maria and its aftermath. Of customers in puerto rico are still without electricity nearly four months after the storm. And a little boy shot in the Sutherland Springs Church Massacre is returning home today after more than two months in the hospital. The sixyearold was shot five times. The childs two siblings were among 26 People Killed in the attack. He was traveling in style on his way home, traveling through town in a fire truck. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, drop dropbox jumping into the Public Market. Can the company avoid the pitfalls of going public . Plus, changing passwords on passwords, locking up data on companyowned computers. Those are some of the steps uber took to evade authorities in the past. We ex
Company announces a 1 1. 7 billin charge from the deep water horizon disaster and says Cash Payments for cases will rise to 3 billion in 2018. Shares in hugo boss jumped after they beat sales expectations amid strengthening u. S. Markets and robust online trade. And asian equities swing back as china fixes the one mid point at the strongest level against the dollar in two years. U. S. Futures point to a big open for the dow after a long weekend there. Good morning it is tuesday. You can see the handover from asia was strong overnight. Hang seng has made new highs up 1. 1 , on track for the highest close on record. We also saw good performance from nikkei up 1 in overnight trading. Topix had a decent session overall for europe the picture is more positive stoxx 600 up around 0. 1 lets switch into european markets and see how things are shaping up there ftse 100 is the laggard there. We get uk inflation data in a half hours time thats expected to dip a bit xetra dax up 0. 2 . Cac is flat
Kong. E in hong for us . Got coming have the chairman of the european committees market. Have steven as our first guest enough just a few minutes followed with june in jumin. The results of the former of ther the Governor Peoples Bank of china will you highse have record and there have been a lot of and was said this rally is going to be much better and healthier if we see that will weigh your it is like a bit like to help rally along. Against. They are sending gains for it and will have stocks in havepore halting and we do a have the in dollar. The dollar falling for the first in threehe first day sessions. He take a look at the big picture, the funds a retreat. Fluctuating all morning. Have a focus on the offshore as theres ground speculation to cool its gained operate we are keeping an eye on oil. Retreatingbrent after closing above the level for the first time in three years. Crude now sliding 4 10 of a percent english comes to what is moving on the regional benchmark, you have mat