Were lockstep with europe this is a very big change. You pointed that out a number of times the tenyear note yield creeping up a little bit from the lows we saw last week. Maybe helping firm up the financials just a bit. You see crude there. We just heard, of course, from the treasury secretary of the United States, steven mnuchin. As they wrap up squawk box. Tax reform, its got to be the most significant item on the agenda you know, he seemed to echo comments he made in the past about 15 being a target but not hard and fast. He did say some things in terms of pass throughs when pressed by andrew how are you really going to be able to prevent people from becoming llc and therefore benefitting from the potentially lower tax rate than they would as individuals he said, Service Companies would be one example that were not going to allow im not sure we heard that before in terms of specifics when it comes to how theyre going to sort of thread that, very importantly if everybody becomes a p
Im sara eisen at post nine, with me mike santoli john fortt is with a special guest. Carl has the morning off we do want to head some headlines that are just breaking from President Trump hes been meeting with members of the house ways and Means Committee. This is a walkup to the big tax reform framework announcement tomorrow here are the headlines President Trump says he and lawmakers will discuss a framework for tax reform before its release tomorrow thats whats going on today President Trump says he must make the tax code simpler and fair says we will cut taxes tremendously for the middle class. The president also saying he will double standard deductions and increase the Child Tax Credit thats something that his daughter and adviser ivanka trump has been pushing for President Trump also said he wants to lower the Corporate Tax rate, bring back trillions of dollars invested overseas. The president says he looks forward with working with the members of congress here today and just on
This one is different. This time, the shots rang out high up in wine country on highway 101 at healdsburg. Thats where kpix 5s da lin is right now. Da . Reporter yeah, very unusual for this area. Now, southbound 101 here in healdsburg is back to business. Traffic now moving on the southbound lanes. These lanes were actually shut down for 3. 5 hours this afternoon so investigators could collect shell casings and other evidence. Now, the chp says the shooting happened around 12 15 this afternoon. A car pulled up alongside a white sedan and shot the driver and a passenger. Officers say both young men were hit. Paramedics rushed the victims to the hospital. They have not released a severity of the injuries. Investigators are still working to identify a motive and collect information about the suspect and the suspects car. Now, the chp says unlike Contra Costa County, they just dont see freeway shootings here. This type of thing does not happen in sonoma county. So its got us all very conce
Pretty much at the highs of the day. We will be following the instant reaction in the markets to what the fed chair has to say about the path of Interest Rates. Steve, thats where we begin. Does the fed chair come out and definitively kill june . I dont think so. They never definitively kill anything or definitively green light anything. But common sense would say that they are going to wait until they see at least another months numbers because that number was so bad, they cant go at this point. So look, theres good news, bad news. The good news is that they will wait. The bad news is if its a real number, and we see that trend continue, it means the economy is falling back and thats really bad news. Pete, what does the trader want to hear today . Well, they want to get a little more clarity. All weve got is this job, job, hey we will probably do this, the economy looks so great its now also last week, on friday, everything changed. All of a sudden we start seeing these numbers that a
U. S. Soil. There are huge constitutional questions about ending birthright citizenship with the stroke of a pen. White House Counselor Kellyanne Conway argued some constitutional scholars believes such an order might be approved by the courts. And she denied the president s move was an effort to whip up his base ahead of the midterms. No because if only the base had voted for him he wouldnt be president. I understand that thats the word of the day, that and fear and some other stuff. But no, its not whipping up the base. Among those who disagree with the president s suggestion, House Speaker paul ryan, who told a radio show it would never pass constitutional muster. You obviously cannot do that. You cannot end birthright citizenship with an executive order. We didnt like it when obama tried changing immigration laws, the executive action. Obviously as conservatives we believe in the constitution. You know, the conservative im a believer in following the plain text of the constitution.