A bowl in this market as well, as it has been for much of the year. It looks like investors are pricing in a high likelihood that the tax bill is going to get past, after some back and forth regarding senator marco rubios vote today. We learned that it sounds like concessions to what he would have happened on the tax credit is getting into the bill. The index isof touched major intraday records today. It is outpacing the gains we are seeing in the major averages today. Thats get a temperature on the high tax proxies we have been watching. Here in the white line is an index of high tax. These are the companies that are seen as benefiting more from a Corporate Tax cut. This is the russell 2000 four reference in blue and the s p 500 in yellow. It is interesting the action we have seen in the russell, because within these companies that are mostly domestically oriented, with they are also tax as benefiting from the bill, but the russell has not been performing as well, perhaps in part beca
Incredible, businesses are coming back into the United States, i think its going to be a great message that people are going to like to hear it. Maria im talk to several Business Leaders on what they want to hear from the president s speech today, we will bring you the president s comments live this morning as the president getting set to speak. The speech comes amid unprecedented confidence which could get another boost when Fourth Quarter gdp comes up this morning, we are expecting 3 growth. I spoke with Steven Mnuchin about what to expect. Last year when we were talking about 3 gdp everybody lined up and said we were crazy and that the economy couldnt grow higher rates of 2 and now we are at 3 gdp and, you know, we are going to be a sustained 3 gdp or higher and its called the tax cuts and jobs act because this was about creating american jobs. Maria that optimism still fueling markets, adding another 140 points, finishing above 26,392. The nasdaq and s p closing flat, s p up and na
Health and Human Services secretary took questions on the president s proposed budget for 2019. He was asked about funding for medicare and medicaid, combating the Opioid Epidemic and the cost of Prescription Drugs. He testified before the Senate Finance committee. The committee will come to order. I want to express the sadness we all feel in light of yesterdays events in florida. I was personally horrified as i watched the news unfold yesterday though i was also moved to hear some of the stories of the heroism displayed by some of the students and teachers at the school. Am praying for those who were affected. May they all find peace, healing, and a speedy recovery. I welcome everybody here to todays hearing which will be hearing on final the president s budget for fiscal year 2019. We have already had the treasury secretary and hearing acting i. R. S. Commissioner appear before us. Today well be talking with secretary aczar from the department of health and Human Services. I want to
Venezuela going crypto, raising 750 million in preorder for its oil dodge crypto currency. How it helps petro can stop its economic sales. From jeers to cheers as lindsay bond slams the haters after she fails to win the gold in south korea. An American Band sees a surge in popularity thanks to russia. A big night at the olympics last night. This wednesday morning. Dagen mcdowell, rose coceo managing partner mike murphy and benchmark managing partner kevin kelly. Weve got an actionpacked week with the Federal Reserve note. We would get a read through or not. We have seen yields are blowing out. The twoyear treasury is at its highest point since the lehman crash it to point to 6 . These are the minutes from the january meeting. Yields on the twoyear been as high as theyve been since 2008. That was an option yesterday. About a quarter of a trillion dollars in treasury being auctioned this week. Again, is the demand there for the subs supply. The demand is always there. Its just what you o
We are asking our viewers to call us with your thoughts on hosting the lipids in the United States. Do you think it is worst worth the cost to cities . If you are in the eastern or Central United states the number 202 7488000. If you are in you as a victory done the number is 202 7488001. And if you are a boston or A Los Angeles resident that number is 202 7488002. You can also catch up with us on social media, facebook or twitter. And a very good friday morning to you. Beijing celebrating this morning on its olympic bid but plenty of olympic headlines already this week in this country. Here are the dueling front pages from the boston globe from tuesday this week, noting that the games were over after boston organizers were able to halt the bid in that city for the 2024 Olympic Games. On the same day that that headline ran, here is the front page of the los angeles times. They are at the headline is 2024 games. Los angeles is a player again as boston and its bid to host the olympics. O