The month, not just the Third Quarter. Like we are seeing a few new record highs we close on this day. S p in the nasdaq on track, so i will call the dow jones mostly unchanged. I want to look at the s p, on track for the eighth straight quarterly gain on tax reform. Trump coming out and saying tax reform will be the rocket fuel for the economy. And then the nasdaq here, up 6 10 of 1 , by far the biggest gainer of all of these. The last record close we had was on september 19. Keep up these games, we could see some new winners here. We are seeing a lot of these stocks on the nasdaq continue to outperform. They are driving the outperformance in the s p and the nasdaq. Im am focusing on facebook, that record high with 173. Closing in, but green on the screen. Deeper, micron technologys came out saying a market for the memory chips are good. So all of this playing in today. How do they compare that to the s p and dow jones because this can be very volatile route the quarter, like scarlet
People who are currently paying 15 would go to 12 . Then a new kind of interim bracket, but they didnt clarify it, 22. 5 . 25 bracket, a 33. 5 bracket 32. 5 bracket, a 35 and 38. 5 would be the highest income. And they would eliminate what they call that bubble. That was a problem with the house plan which was 39. 6 . They did not give us the income breakdown. Believe it or not, liz, theyre still trying to work all of this out to bring it in for scoring. Now, the tax reform brackets, again, the house has four, the senate has seven. The top tax bracket in the house, 39. 6 . In the senate it would be 38. 5 . The Corporate Tax rate, 20 . Both agree on that. But as Maria Bartiromo first reported this morning, they will delay it in the senate one year. This was unacceptable to gary cohn and to President Trump, but steve mnuchin, the treasury secretary, told Maria Bartiromo hes willing to work, the administrations willing to work with the house and the senate on this oneyear delay. So all ey
It is more of a trend. We are seeing stocks decline this morning extending yesterdays decline. Yesterday, we finished well off the lows. A lot of investors wanting the tax debate in washington for cues on what to do with their money. Particular interest is that Corporate Tax rate cut and whether it is going to be delayed or not . Elsewhere, we are taking a look at earnings rolling in. The Media Industry did see shares higher. They fell last night after earnings and then rebounded. Estimates. Es missing that was mostly because of onetime items that the company is spending quite a bit like on star wars. News corp. Also out with its numbers. Those profits Beat Estimates and saw growth in its Real Estate Services group. The ripple effect, viacom, which is yet to report their shares. 21st century fox is higher a continued speculation about some kind of potential deal that company. The retailers as well, we continue to watch those. Were jcpenney up big time. Nordstrom is down. Both out with
It was inappropriate having that kind of conversation . [inaudible] i think that is probably one of the many factors. It you cant deny somebody thats that wasnt the problem and i think that was one of the many reasons but he didnt have the competence of the president or the rest of the fbi. Can we expect more binaries for the Justice Department more firings from the Justice Department . Not that im aware of today. Theoes the president Want Department of justice to shut down what they call he has encouraged the house and Senate Committees to continue any ongoing investigations. The bottom line is any investigation that was happening on monday, is it still happening today. And wesnt changed encouraged them to complete the investigation so we can put it behind us and continue to see what we have been saying for a year, there is no coalition between the Trump Campaign and russia so that we can all move on. Wasten if they want to taxpayer money, do you think they should continue . Noted wan
It was inappropriate having that kind of conversation . [inaudible] i think that is probably one of the many factors. It you cant deny somebody thats that wasnt the problem and i think that was one of the many reasons but he didnt have the competence of the president or the rest of the fbi. Can we expect more binaries for the Justice Department more firings from the Justice Department . Not that im aware of today. Theoes the president Want Department of justice to shut down what they call he has encouraged the house and Senate Committees to continue any ongoing investigations. The bottom line is any investigation that was happening on monday, is it still happening today. And wesnt changed encouraged them to complete the investigation so we can put it behind us and continue to see what we have been saying for a year, there is no coalition between the Trump Campaign and russia so that we can all move on. Wasten if they want to taxpayer money, do you think they should continue . Noted wan