And europes weak again, dax down for a fourth consecutive day and empire, our first december number comes in soft, raising eyebrows, a fivemonth low. Movement on tax plans, were awaiting this morning to see the combined conference bill and Details Behind which cuts and deductions survived. Plus the latest on disney and fox, including the bid the murdochs said no to. A busy morning f stocks on track to erase thursdays losses. Yesterdays worries about a setback were sparked by senator rubio saying hes a no vote unless the Child Tax Credit is expanded they are trying to find ways to pay for maybe that additional deductions, its going to cost 200 billion, perhaps they let some individual breaks expire here early well see. Its very interesting that the market went down and dow went down 70 points on worries about rubio, maybe Something Else or other senators now there really is great uncertainty and the market is going back up. The uncertainty right now is higher than it was when the market
The $883.7 billion bill makes several major changes to President Joe Biden's FY25 budget request, including a more narrow approach to transferring Air National Guard units into the Space Force. But budgetary matters will ultimately be decided by congressional appropriators.
"This is not only new; it's astounding. It's shocking. It's a huge change (if adopted)," one industry contractor told Breaking Defense of the proposal.