So the market likes that part of it. As i said, were waiting for President Trump. He is speaking with reporters right now. We should have play back of the comments any moment as we start the hour with blake burman on the president. Some of the comments, im looking at headlines around the building where youre standing, comments on taxes interesting. President as usual making a lot of news. Bring us up to speed. Reporter the president you remember yesterday, connell, he gave idea, would endorse the idea of indexing Capital Capital gains that would be a tax cut for the wealthy. Were hearing President Trump might not be supportive of it. On the south lawn as the president is leaving right now, he just told reporters quote im not looking to do indexing. It is perceived as somewhat elitist. He want tax cuts for middle class, people who work so hard. Indexing is better for upper income groups. Connell, tough to figure out where the president and this white house lan on tax cuts. Just yesterda
Percentage point, up 71 points. Fox Business Team coverage. Gerri willis on floor of new york stock exchange. Phil flynn watching all action, Hillary Vaughn at u. S. Trade representatives office. Start with gerri. Reporter what a day for retail today. We had great reporting out there, two companies reporting, targets and lowes with really positive results, sending the dow up 241 points. The entire sector target, as you can see is up 20 today, after beating on both top and bottom lines. The company out with really, amazing results, raising its full year outlook. Lowes also having a dynamite quarter, up 10 as you can see right here. The company eps, coming at 2. 15 cents a share, versus two dollars. Very good news there. As you can see, these are companies that really appeal to people. Theyre discounters. Really have a lot of room to have broad appeal with americans. After the close today. We will get nordstrom. Estimates there, eps of 75 cents a share. Revenue estimate of 2. 93 billion.
Yes, you heard it right. That debate is ahead but first lets get a check on the markets, and its kind of the wild west out there. Lots of movers the s p seeing lots of good, also a lot of bad and downright ugly movements the good, for instance, viatris beat on earnings, the bad, tyson foods missing on top and bottom lines citing lower demand and look at Sage Therapeutics slashing the price target this comes after the news force the rejection for its major depressive Disorder Treatment and the dow is actually moving towards session highs right now i should say, up 422 points, ty. Wall street cant seem to agree on whether or not were heading into a recession firms saying strong or maybe reversing their calls from earlier in the year. Reversing them generally towards the more dovish scenario inflation data out later this week, a key focus for many as we look for any sips about the health of the economy, but perhaps we should be focused on one thing in particular. That would be debt the st
Up next acting labor secretary testifying on her department 2025 budget request the proposal totals 13. 9 billion focuses on creating pathways to good jobs and protecting workers. She has served as acting secretary since march 2023 she is still waiting to be confirmed as labor secretary over a year after President Biden first nominated her. House education and Workforce Committee hearing is three and half hours. The committee will come to order. Note there is a quorum. Actingng secretary ms. Su i know Vice President harris ezell lobbied hard to drop the acting from your title only a vote of the full senate can grant to that promotion. This is something they have rightly not seen fit to do. Today marks 417 consecutive day in which you have ledol the department of labor, the dol as acting secretary without the cost which is required advice and consent of the senate. It effectively abrogating the Senate Nomination process the Biden Administration has treated the constitution as but a foot
The house will be in order. This year, cspan celebrates 45 years of covering Congress Like none other. Since 1979, we have been your primary source for capitol hill, providing balanced, unfiltered coverage of government, taking you to where the policies are debated and decided, all with the support of americas cable companies. Cspan, 45 years and counting, powered by cable. Up next, acting labor secretary julie su testifying on her departments 25 budget request. The proposal totals 13. 9 Million Dollars and focuses on creating pathways to good jobs and protecting workers. She has served as acting secretary since march 2023. She is still waiting to be confirmed as labor secretary over a year after President Biden first nominated her. This house education and Workforce Committee hearing is three and a half hours. Dr. Foxx the committee on education in the workforce will come to order. I note that a quorum is present. Without objection, the chair is authorized to call a recess at any time