Generation opportunity to do something really big. President trump has made tax and we have aity republican congressman wants to get it done. This is something that honestly i hope the democrats would support too because it is good for the american people. Would be new tax rates 10 , 25 and 35 . The conservative House Freedom caucus is backing the latest Health Care Proposal as the white house tries to revive efforts to repeal the Affordable Care law. In a statement, the 40 or so howd lot hardline members to hold the blocks the earlier bill announced their support for by w plan crafted the group said that while the new proposal is not a full repeal of the 2010 Affordable Care law, they are prepared to support it. Saudi arabia and russia will meet within the next two weeks to discuss extending those Oil Production cuts designed to firm up prices. The current cutbacks by opec and russia and in june. So far they have not achieved the target of reducing stockpiles below the five year histo
Im wilfred frost. Im seema mody in for sara eisen. Always good to be by your side. Lovrnlgts l lovely to have you here. Yesterday the dow losing 22 points but the nasdaq hitting another record high, a divergence between the major indices. Looking at the futures where theyre trading on tuesday morning, if youre just waking up with us. Here we go. S p 500 calling for a higher open by one point. Dow jones higher by 13 points. Bp earnings, results is something investors are digesting. Nasdaq higher by 8. We will keep a close eye on the nasdaq throughout the day. Apple hitting a record high now up 25 this year ahead of its highly an tess pated earnings report, which is die this afternoon. Ju the nasdaq composite, a big mover of the overall index. Quick note on treasuries, looking at where the bond market is trading now. When headlines began to cross about the 4. 3 reading in the gdp model forecast we saw a sharp drop in treasuries and gold. Tenyear note yielding 2. 33 . Yesterday, as you sa
Who should be paying higher personal rates sets up an llc or a pass through to get around the system. But, again, this is the backbone off your economy, is it not . It is. And we are working hard on how we create growth in that part of the economy. I dont know to put you on a calendar right now, but as you flesh this out and you get into the weeds on this, i hope you will be briefing us. I know the finance committee has jurisdiction of this, but we have more than a passing interest in all of it . Absolutely. We will be more than happy to come back and brief you and your staff on this. Thank you very much. Thank you senator shelby. Senator hide camp. Thank you mr. Chairman. Welcome mr. Secretary, your first appearance in front of this committee. I couldnt agree with you more. One of the demands of the American Public and the responsibility of washington, d. C. Is to encourage Economic Growth. That can solve a lot of our problems as we go forward. So i want to talk a little bit about the
[inaudible conversations] the hearing will come to order we will have testimony from the secretary treasury on domestic and International Policy issues thank you for attending today. This is the first hearing since being sworn in as treasury secretary in february in record to our discussion many of these priorities ball to the jurisdiction of the department including Housing Finance reform to encourage a healthier economy. We look forward to working with you and your staff to improve the lives of americans Housing Finance reform is most significant piece of Unfinished Business following the crisis and it is important to build bipartisan support we received a hearing last week that it we were advised Congress Needs to iraq to determine the future of housing of finance reform by the conservatorship is unsustainable mainly gse having zero capital taxpayers on the hook for losses in the government taking all risks. The number of groups that receive proposals for reform in recent months inc
This hearing will come to order. Today well receive testimony from the secretary of the United States department of treasury on domestic and International Policy issues. Thank you mr. Secretary for attending today. This is secretary mnuchins first hearing since being sworn in as treasury secretary in february and we look forward to our discussion. Many of this committees priorities fall within the jurisdiction of the Treasury Department, including Housing Finance reform and development of policies to encourage a healthier economy. We look forward to working with you and your staff on these priorities and improving the lives of americans. Hou housing reform means the most significant piece of business following the crisis. Its important to build bipartisan support for a path forward. Last week we received testimony from the federal Housing Finance director mel watt. He emphasized its congress that needs to act to determine the future of housing reform. The hearing reinforced why its uns