Speech on trade and north korea. House is hunkering down on tax reform. Details of their plans ahead of a key vote tomorrow. Congressman dave brat where things stand right now. Well speak with famed reagan economist art laffer, on the senates plan to include an end to the obamacare individual mandate. Does he think that is a good idea . Jim jordan grilling attorney general Jeff Sessions about a special counsel for clinton and comey. He is going to be joining us with the latest developments on that front in a moment. Lauren stocks tumbling for the second day in a row. Down 136 points. Nicole pettalides on floor of the new york stock exchange, with what traders are saying about the selloff were seeing today and yesterday, nicole. It is pretty broadbased. Were 36 points off the lows for the day. They never picked up the momentum buying the dip. That is our trend. Last week was first down week in a eight weeks. Overhaul and timing and delay of it all. That ultimately pressured stocks. Tele
Trump about how we could end up in a major, major conflict in his words. Did put some pressure, if you see the nikkei, down about 0. 3 . Same with the hang seng. In europe this morning n some early tlading, things are mixed. The ftse is down by 0. 25 . The cac is up by that much. The dax is up by 0. 10 . With crude oil prices this morning, looks like wti is still below 50. Up 27 cents. Tech stocks on the move this morning. After quarterly reports late yesterday. Lets give around up of whats going on. Amazon eps tops estimates by 36 cents. Saying revenue from the Cloud Business, advertising and Subscription Services helping to drive those results. Alphabet beating the street on both the top and bottom line. Strong ad sales sending profits up 29 , despite some advertisers boycotting youtube. And microsofts ref knew ju revenue just missed consensus. Sales of the Cloud Services platform jumped 93 in the quarter. Last but not least, look at intel. Reporting lower than expected quarterly rev
Good afternoon everybody would i want to welcome you all today i am peter russo, director of affairs at the cato institute. I want to thank you for coming. You are an old briefing of major tax reform in 2017. Before we begin if youre watching via cspan for live stream and would like to join the conversation would love to hear from you. Please to comments and questions to us and our panel at cato events. We released a new policy handbook. They were available as you came in. If you like additional copies please contact me after the program. I will be happy to hook you up. Meanwhile you can go to cato. Org and theres a chapter here and federal tax reform and many others also covering the treatment of healthcare and as well as the importance of global tax competition. With that i introduced chris edwards. He is a top expert on federal tax and budget issues. Before joining us he was on the joint Economic Committee and he was a coauthor of global tax revolution. [applause] thank you. Thank y
The committee will come to order. Good morning and thank you all for joining us. And today our committees focus on the top priority for the American People. Progrowth tax reform that will create jobs, increase paychecks and strengthen our nations economy. America now has one of the most costly unfair and uncompetitive tax systems in the world. The need for progrowth tax reform is urgent. Todays high tax rates on americas businesses drive good paying jobs overseas. Makes it more difficult for our job creators and workers to succeed here at home. Americas burdensome International Tax discourages investment in our local communities. Scores of loopholes give favored treatment to Washington Special interests while millions of hardworking americans havent seen a real pay raise in years. Heres the good news. President trump is leading the charge for bold tax reform that will unleash the growth of jobs and paychecks nationwide. And hes calling on the house anthe senate to put forward or best i
The committee will come to order. Good morning and thank you all for joining us. And today our committees focus on the top priority for the American People. Progrowth tax reform that will create jobs, increase paychecks and strengthen our nations economy. America now has one of the most costly unfair and uncompetitive tax systems in the world. The need for progrowth tax reform is urgent. Todays high tax rates on americas businesses drive good paying jobs overseas. Makes it more difficult for our job creators and workers to succeed here at home. Americas burdensome International Tax discourages investment in our local communities. Scores of loopholes give favored treatment to Washington Special interests while millions of hardworking americans havent seen a real pay raise in years. Heres the good news. President trump is leading the charge for bold tax reform that will unleash the growth of jobs and paychecks nationwide. And hes calling on the house anthe senate to put forward or best i