I am Katie Greifeld and welcome to bloomberg markets. You take a look at the markets and there is some red on the screen. The s p 500 off by about point read percent, a far cry from this time 24 hours ago. You look at the nasdaq 100 and the big tech names and it gets worse. The nasdaq 100 off by. 8 , not too big of a move but to the downside. This as we count down to the fed decision. That line is what you want to watch, the 10year treasury yield lower by one basis point. We are sitting at 4. 3 or so. Of course that meeting kicked off at 9 00 a. M. Let us dive deeper into the markets with catherine, the stone next financial chief market strategist. Let us talk about the fed but let us start about the bank of japan, the big news out overnight, the negative Interest Rate and the zero Interest Rate era is over. What could that mean for Global Markets . It could mean a bit of an impetus for more growth in japan, i think the negative Interest Rate policy was controversial in its effectivene
Of an unprecedented attack by him lost by land and sea, and faced battles. All continuing between his rarely soldiers and thomas spices inside israel. At least 250. 00 s range of and in law thousands of protest as across the region show. Their support for palestinians often launches is biggest attack on israel. United states stays with israel. And president or 5 and condemned to tell us saying the United States will never fail to have is around the bell. It is now 2300. 00 g m t. Thats 2 am in gaza. An unprecedented attack by him last and the colossal failure of israeli intelligence. Its been by far the deadliest day and these really Palestinian Conflict and 50 is right now. Moving to 1000000 residents have caused spending their license darkness and on certainty, Prime Minister Benjamin Netanyahu was all causes who are on the israels land and see what okay, to quite leave the territory. Now, hes about a ton of my sites into rubble. And it will, he says he is determined to win just a sh
Our system, all of it was customized and developed in the 50s and 60s. Weve replaced that system with those expenditures. But we still have over 50 applications that need to be replaced. But to show what weve been able to do that, that refund app got 200 million hits last year. 150 million returns across just 85 are processed electronically. That was not only not possible, it was inconceivable 15 years ago. We have made substantial strides. But the 300 million on the Affordable Care act are all challenges for us. Fortunately, the Filing Season this year has been implemented. We have 145,000 foreign Financial Institutions about to provide us data under the foreign account Tax Compliance act. All of those systems had to be built and rebuilt to obama sosh that data. If we could continue with the refund the resources we needed, wed get rid of a lot of these systems. Taxpayers would be able to go on line, as they do with bank of america, wells fargo or fidelity and deal with us without pape
Theres much that we can learn from this 13year experience in how to take a more comprehensive approach, and to recognize while kinetic actions have a value all of their own certainly and thats blatantly obvious, nonkinetic actions do as well. We can do much better at that than what we have done. Thank you. General matt is my time is up, but do you have any you want to add . Very quickly senator i would point out we have to improve the process assuming there is a process. Ive been unable to identify one recently. I think it starts with the assumption we must develop a sound strategy or were going to waste lives and our treasury and our countrys future. I think, too, we need to move thor back to the senate, and not concentrated in a small but mushrooming it at the same time natural security staff that does not have the Foreign Service officers and the trained military officers who can actually develop what you are looking for here. I dont think we can adopt one preclusive form of war far
Thank you, mr. Chairman. Commissioner, welcome. I joined with other members of this Committee Last year on a letter to you after it was reported by the Inspector General for Tax Administration that more than 1100 employees had been awarded over a Million Dollars in cash rewards and more than 10,000 in timeoff awards. You made no commitments nor did you set any deadlines. And i know that youve talked a little bit about this already this morning. I just wanted, for the record to get you to speak clearly on this issue. It seems to me that its awfully hard to go to the hardworking american taxpayers and ask them to come ply with the tax laws when you have employee ins your own organization that dont comply. Can you commit to me that you are going to fix this problem and ensure that thats not going to happen again in the future . We have already adopted policies to address the problem. Not engaged in installment agreements, who are becoming compliant. But we still count those as compliant.