Enters a third day. The u. S. Is moving an Aircraft Carrier strike group closer to the region. We are watching wider diplomatic fallot as one report says iran helped hamas plan its unprecedented crossborder assault. Shery watching the wildcard in the oil markets. At the potential the conflict could spread to the rest of the middle east. Gains for oil prices on that potential up 86 per barrel for wti. Rent is past 88 per barrel after oil posted the biggest weekly drop since march. Iran is a Major Oil Producer and key backer of the hamas group. Though there is no immediate threat is applied. People are watching what will happen with the shipping on the strait of hormuz where tehran has threatened to close it in the past. I did the treasury space Higher Oil Prices could mean higher global government yields freed we saw the 10 year yield and 30 year yield at the highest levels since 2007 last week. We saw a little more stabilization through the week with cash treasuries closed monday for t
While we were on the august recess, it was projected that theyd reach trillion, doubling the estimate of we simply cannot continue down this path of spending large sums of money without regard to the fiscal future of our nation. This bill takes the same approach American Families take every day. They simply have to do more with less under the biden economy. American families decide every single day where to cut back spending to pay for whats most important for them. For them, those decisions are difficult. Likewise, we have to make tough, difficult decisions for the good of the nation. This represents 2. 7 billion across discretionary accounts throughout this bill except for the Supplemental Program for w. I. C. With this reduction the fiscal year 2024 agriculture appropriation bills discretionary allocation is 15. 1 billion. By redirecting nearly 7. 5 billion in unobligated funds from the inflation reduction act, this funds the food and agriculture and the Commodity Futures Trading Co
This is the show where we delve into the regulatory challenges and opportunities for Financial Markets around the globe. But first lets get a round up of the news with sebastian salek. Sebastian President Trump has won the latest round of the head of the Consumer Financial Protection Bureau. Thateral judge has ruled Mick Mulvaney can remain acting head of the agency. By thected a bid bureaus deputy director. She is likely to appeal. Wells fargo is facing new problems with its regulator. The officer of the comptroller of the currency because of improprieties in wells fargos mortgage operation. President trump has nominated sometime critic of the Federal Reserve to be a governor of the central bank. Hes a professor at Carnegie Mellon university and a former research director. Earlier, he told congress that the fed had failed to secure the credibility of its inflation targets. The bank of England Governor Mark carney has indicated the u. K. Will review bank bonuses after britain leaves th
Here via the family visa and the diversity lottery system and this failed suicide bomber. Watch this. He might well be the guy that ends all of that. President trump moving on this front. Weve got details. And red flags bitcoin wall street top cop warning that bitcoin market is quote burning with risk for retail investors. You could get torched. Were going to have the details on that tonight. We have an allstar lineup of guests, including the Weekly Standards fred barns. Fox news steve hilton, former nixon speechwriter and economist ben stein and sirius xm radio host. Welcome to risk and reward, im elizabeth macdonald. The dow surging higher more than 100 points going right now for washington for tax cuts maybe youll have them before christmas. Look at this. Were now more than 500 points from the next milestone 25,000. But lastminute horsetrading deals. Breaking news on the tax bill. Adam shapiro has the latest. Adam. And, heres what were being told. Fox business reported earlier today
We are looking at industrial metals, the first down day in nine sessions. The emerging markets index climbed for the highest and about three weeks. Euro strengthening against the u. S. Dollar despite the likely passage of the tax reform plan. Gold gaining. 1 . David lets find out whats going on outside the Business World and for that we turn to emma chandra. Emma today, Congress Begins the final step toward the biggest inrite of u. S. Tax laws three decades. House republicans are expected to easily pass the tax bill and the senate is likely to follow later today or tomorrow. The measure permanently slashes the top rate of tax for business to 20 1 . O 31 35 in washington state, federal investigators say an amtrak train was speeding before a fatal the realm and. According to the data, it was going 80 Miles Per Hour in a 30 mile per hour zone. At least 30 people three people were killed and several others treated at the hospital. The train was making its first run along a new route. A tou