Future now becky quick. We begin with your taxes. Its been 30 years since any major tax reform was passed, but changes in your tax bill might be ahead house and Senate Republicans have each released versions of a new tax plan this time will tax reform be a reality . Thats our cover story today. I always like tax cuts. Boosts the economy gets more money to the people it belongs to. But will you save money under a republican tax plan . Congresss own official score keeper, the joint committee on taxation, found 20 of americans would actually have a higher tax bill within ten years. Both the house and senate plans would likely lower individual tax rates. The standard deduction would double to 12,000 for singles and 24,000 for couples. What i do know that it ends up eliminating the deductions that benefit me. Its going to end up costing me more. Itemized deductsions could be eliminated or limited. Mortgage Interest Deduction may change my Tax Deduction at the end of the year, if i buy a new
And i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Chicago, illinois, is home of da bears and, more recently, da lobsta. Da lobsta is a quickservice restaurant started three years ago by j wolf. The traditional lobster roll is, by far, our most popular item. Lemonis j exploited a void in the market and achieved initial success, expanding into three storefronts and a food truck that covers the entire chicago area. But those three locations turned to two when his landlord sold the site of his flagship restaurant, and now j is feeling pinched. But even with a smaller footprint, da lobsta has a loyal following and im excited to help take it to the next level. The foodtruck business is very competitive i
In march and inflation continued to run somewhat below 2 , that in addition to Consumer Prices decline to go march is new language. Consistent with statutory mandate, the Committee Seeks to foster maximum employment, the Committee View it is slowing and growth during the First Quarter likely to be transitory and continues to expect that with gradual adjustments with policy. Labor moderate conditions will strengthen further and inflation will stay 2 over the median turn. In regards to the lack on unwinding the Balance Sheet, theres been no change. The statement continues that the committee is maintaining existing policy of reinvesting principal payments and mortgageback securities and of rolling over maturing treasury securities at auctions, it anticipates doing so until normalization of the level of federal funds rate is well under way. The committee expects that economic condition wills evolve in a manner that warrant increases in the federal funds rate. This was a unanimous decision.
This time Spirit Airlines coming under pressure after a big fight breaks out in florida. We will bring you all the latest details. We have one of the most surprising trades of the month the retail resurgence, Retail Stocks surging more than 1 today up more than 5 in the last month. Check out names like home depot and lowes hitting an all time high. Walmart at a 52week high. All this ahead of macys, j. C. Pennies and in order stroms ahead of earnings. Is the Long National nightmare finally over . What do the performance say about the consumer . Guy, what do you think . I dont think its over for macys or nordstroms. I think these stores have tremendous head winds, still, you mentioned to start the show, home depot, dan has been all over walmart for quite some time. These stocks still make sense, people will knock home depot on valuation. Maybe 20 times forward earnings, its getting a little expensive kward to lowes at 16. The world continues to set up well for home depot. They continue t
Someone else to do. The president is in belgium. , thee philippines president of the philippines is striking back. All of the island under martial law. It is likely to include the setting up of check noise, curfews and the ability for the government to jail suspects without having to take them before a judge. Global news 24 hours a day powered by more than 2600 journalists and in more than 120 countries. This is bloomberg. Live from bloombergs World Headquarters in new york. Where 30 minutes from the close of trading in the u. S. Whatd you miss . Minutes from the last Federal Reserve meeting show officials judging rate hike will be soon. Were still winning the budget announcement of the republican rittenhouse bill and what impact it might have on Health Care Coverage and consumer cost. Chinas we will hear where he sees opportunity in chinese markets. Lets look at where the major averages stand as we head towards the close. Abigail doolittle is standing by. Abigail we are looking at met