Peter well, good afternoon, everybody. I want to welcome you today. Im peter russo. I want to thank you all for coming. You are at a capitol hill Hill Briefing major tax reform in 2017. Before we begin, if youre watching via cspan or via the live stream and would like to join the conversation, wed love to hear from you so please tweet comments and questions to our panel at catoevents. Again, thats catoevents. Further, this spring the Cato Institute released the handbook for policymakers. Copies were available on the tables as you came in. If youd like additional copies, please contact me after the program. I will be happy to hook you up. D p. D. F. s are searchable at cato. Org and there is a chapter on federal tax reform and many others, also, covering the tax treatment of health care as well as the importance of preserving global tax competition. With that i want to introduce catos chris edwards, the director of tax policy studies nd editor of www. Downsizinggovernment. Org. Before j
Hackers are threatening to meet the new pirates of the caribbean film to hit theaters this friday. They say they want a ransom that disney will not pay up your latest developments coming out. For blogger to put to some good support. Big news today. Shares are up on the news. Plus we are keeping an eye on retail today. Home depot earnings didnt expect to be a bright spot for the sector. Earnings and revenue to rise from year ago in home depot shares at 157 in change. The fast food giant taking how big your way to a whole new level with the latest menu of offerings. Well have the details. Maria nasdaq and s p 500 coming off of record highs. Down industrial south, s p 500 down to five. Nasdaq up fractionally. In your Upcoming European indices this morning. Mixed performance theirs as well. Ft 100 a pop of 1 . Cac quarante up almost half of 1 . Japans nikkei average is up a quarter of a percent of the shanghai of three quarters of a percentage sign it. Stories coming out this morning. A bi
Next up is nato, an organization he attacked during the campaign. We have world coverage here on daybreak asia, we keep an eye on vienna. Betty opec is meeting there. Continuing fallout from the Trump Administration budget and what the cbo calculated on a health care bill. This is daybreak asia, live from our new york and asia headquarters. I am new york i am in new york, it is just after 7 00 p. M. Yvonne i am yvonne man. It threw us off guard. Everyone raising rates. Perhaps that means a june. By another word, prudent. Caution from the fed about when we could come out of this. Betty you have to look at the data and not blame the fed for giving mixed signals. Data itself is showing mixed signals in a consumer confidence, consumer spending, diverging. You have a job market so hot in the u. S. , but then inflation is so not hot. What is going on . You cannot blame the fed for putting their feet in both areas right now. In any case, Market Investors really parse those minutes. The focus
Despite intense political controversy, the trump rally holds. By the way, more good news for you. This is what i think is good news. Katherine dettwyler has been dismissed, the staffer at university of delaware who said Otto Warmbier got what he deserved. May i editorialize . I think she got what she deserved. Varney company is about to begin. Medicaid, alzheimers, strokes, heart conditions, we need medicaid. No middle class family can afford a nursing home by themselves. If President Trump keeps listening to paul ryan well you will be on the street, or something even worse. Do you believe that. Ashley no. Stuart they draw that back . Unbelievable. Liz thats wrong. Stuart i say thats stooping to another low, frankly and theyve chucked that violent video into the middle of the health care debate. We feel well give you more. And your money at work. No reaction to the turmoil in d. C. Ashley is with us this monday morning. Welcome back. Liz hes back. Ashley its interesting we got our dura
Good morning, everyone. This is bloomberg surveillance. This hour, we are joined by the global head of strategy at martins family Morgan Stanley. We also talked to the current coo and soontobe ceo of the bank of morreale. In the meantime, we have a little bit of breaking news. Pmi out of the eurozone. This is exactly what we are getting. We are looking for a little bit of euro reaction. Pmi falling to 55. 4. And little bit better than expected. Not as strong as the month before, but they have been revised upward at 54. We were expecting 53. 7 figure. These other markets over all. We are seeing a little bit of a risk reversal. This after the u. N. Is set to meet on the north korea threat. What it means for the markets is yesterday there was clear demand, but today not really phasing the yen. Gold is down a touch or pretty much flat. Stocks seeing small gains, gaining 0. 1 . We will have plenty more on the markets but lets get to the first word news. Bank of england policymaker says u. K