Just came by and moved out the rocks that were in the road, and, as soon as the sun came up. Power co will be, working to get lights back on, about a hundred thousand people, are without power in mississippi and florida, anal bam a. There was water inside these casinos because of the flooding and storm surge. That water has since receded but they, jan after lot of clean up to do as well. We saw a lot of the video there. Describe to us the most severe impact you are seeing this morning along the gulf coast. Reporter well, it is storm surge, because as the debris it left behind. Along one road between gulf port, biloxi which is a 15 to 20mile stretch, there are light poles in the road,piers from beach that he is blew off we cannot access those road because is there too much debris. We have seen the flooding, inside casinos and parking garage, but the good news is all this is we have not heard of any casualties at this time , jan. Definitely good news, courtney. It seems like a lot of pre
We are up off the lows of the session actually. Still seeing a decline. We were seeing a drop of about into thisprices going report. Usually it takes a little time for it to shake out. Out later where oil is trading. Whats going on in the stock market today. A little bit of a drowned downdraft. You into thee bloomberg and take a look at the groups on the move. We were just talking about oil prices and energy has been one of the drags in todays session. Discretionary stocks are weaker. Financials are weaker in the wake of earnings from j. P. Morgan and citigroup that the estimates. There were some disappointments in the numbers and Telecom Stocks falling. Lost videot had subscribers last quarter. Weve got them strength in utilities industrials and consumer staples. That is the balancing act we are seeing at the moment. Toside of stocks and forgot mention bitcoin rising to a record yet again. 5,200 for one bitcoin. Jamie dimon when asked about that coin said, im not going to talk about b
Quorum call during this. Id note the absence of a quorum. The presiding officer the clerk will call the roll. Quorum call quorum call mr. Durbin mr. President , i come to the floor to discuss the republican tax reform plan and what impact it will have on the Fiscal Health of our nation, but especially the impact it will have on working families across the United States and in my home state of illinois. Ive represented illinois and congress both as a house member and a senator for a number of years. Im proud to say that during my career i have not shied away from tackling big issues, maybe one of the toughest assignments ive ever had was in 2010 president obama created commission on fiscal responsibility and reform known as the Simpson Bowles commission. I was one of 18 democrats and republicans given the responsibility to balance americas budget and reform our Spending Program and our tax code. This is no small task, but it was an important one. We spent month after month in bipartisan
You realize a couple things. I want to show you a couple things here. The things we were fixated on dont change. Concepts and fears, crowds generated when big selloff on corner of wall and broad, they continue. I experienced that firsthand 30 years ago today. Take a look. There werent people flinging themselves off of buildings but there were near Record Number of people gathering outside new york city today to witness history in the making. The opportunity to see incredible drops in the dow right before their eyes. I want to see what it is like when it is in this condition. I wanted to see stock market anyway. Want to see a piece of the action. Neil what they saw was program selling taken to the ultimate art form. As wall streets very biggest players, stepped in and unloaded multibilliondollar blocks of shares. To the end market analysts steadfastly refusing to mention the word crash, to describe what is going on now. They like to look at it a correction that has to work itself out wh
I was one was late. They were not. Blame me, not them. I just walked in first. Okay. Good morning everyone. I apologize for being late. I want to thank the Ranking Member at Senate Finance committee, senator wyden for being here as well as finance members step now and cantwell and a leading on retirement issues sheldon whitehouse, though he is years from retirement itself. Tomorrow House Republicans are expected to unveil the fine prints of their longawaited tax plan. At the risk of using a hollowing pond, we are sure the republican tax plan will be full of tricks for the middle class and full of treats for the wealthiest americans in the biggest corporations. We dont know yet what the republican will do to middleclass americans 4o1k retirement account. Many republicans will suggest that they may move the cap on pretax contributions to 4o1ks all the way down to 2400 a year. It is now 18000 if you are below one the matter which way you slice it republicans plan to do two 401ks is an Imm