Morning. Every segment of taxpayers, every category of taxpayers get significant believe. 200 a year, but the regulatory believe, the reasons the economy is beginning to pick up. I think this is going to get them going again. Lawmakers make christmas push for the reform coming out this morning. Rising threat launching joint air drills following yet another missile test for north korea late last week. One lawmaker is calling on the government to remove u. S. Military families from the region. In practice this morning on fire expecting a pretty good rally on the heels of the Senate Passage of the tax bill is better than 200 points right now complete reversal from fridays uncertainty. S p 5002 thirds of a percent of the nasdaq up one half of a percent by now. Dft 103 quarters of a percent right now. Cac up 1 of the dax up one and a quarter . Asian markets next at the close does he see shanghai japan lower. Hang seng at the court of a percent of the kospi of better than 1 . Drivers with an
There is separate rumor out there, not necessarily one to be believed, the house would simply vote on what the gnat came up, rubberstamp that, get it to the president s desk pronto. To congressman from north carolina, mark walker. Thanks, neil, good to be with you. Neil would you be open to that, there is rumor circulating that the house would simply not on what the senate came up with . Not at all. Republican Study Committee we did a survey last week, we didnt have a single one who supported that. 3 were maybe or depends. 97 said absolutely not. Were going to conference. Im pretty sure leadership confirmed that over and over again. Neil i fest theyre concerned about something potentially breaking down in this process. Rarely does that happen when it gets this far but you are a part on some key issues like Corporate Taxes or cuts going. Sure. The senate favorsc waiting until 2019. You and your colleagues prefer 2018. There is a lot of math built into that forfirst year and other thing
Brought two strangers together, helping one find a lifesaving kidney. Its part of our series a more Perfect Union. We begin this morning with a look at todays eye opener. Your world in 90 seconds. Its a rotten no good way to run your government. I want no part of it. Of course were not going to ballpark. Not going to vote for 30 day continuing resolution. Congress hurdles towards a Government Shutdown. The democrats want to shut down to get off the subject of the tax cut. This is like a bowl of doggy doo, put a cherry on top and call it a chocolate sundae. This is nothing. A california parents accused of imprisoning and torturing their 13 children entered not guilty pleas. This is depraved conduct. Police in phoenix say they have linked a suspect to at least nine murders committed in a threeweek killing spree. To solve nine homicides in a pir yod of three weeks is outstanding. A deadly storm blasts europe. Blew that guy right down the street. It is windy. Tanker truck loaded with gasol
The sfenate flaplan ylan reporter we dont have to rely on sources because the Senate Version of the tax bill is now officially out. Here is some of the key details. As weve been reporting, it would delay the introduction of the corporate rate cut by one year to 2019 however, it would get down to 20 and stay there permanently it would also limit the ability of companies to deduct their interest, but give them full and immediate expensing for five years. The individual side of the senate plan is quite different from the house version of the bill the Senate Version has seven individual tax rates the top tax rate is 38. 5 . The senate bill will also include a full repeal of the state and local Tax Deduction. Now, that gives them a lot of money to play with to do some other things in the bill such as keeping that 1 million limit on the mortgage Interest Deduction. The house version of the bill had lowerered that for newly purchased homes. The Senate Version of the bill it keeps it at its cu
That today, we are here with ron baron at the baron onference we have a lot of things coming here the resort ceo will be joining us and hyatt ceo is going to be here these are three invesmentes of baron funds. Two of the three, baron already made over 1 billion on. Im not going to tell you which two. You have to stick around to find out. The other made several hundred Million Dollars already. We are going to talk about these issues when we sit down with ron, he talks about the broader markets, which he is very positive on them we are going get to that in a moment and we talk story stocks. Stories he sees from this bottom up investment that he does where he looks at things very, very closely, he and analysts we are going talk about the bargains they see along the way and the deals that are out there on the horizon hes sitting out there with us we are going get to him in a moment guys, its coming up in a few minutes. He did not invest 100 billion dlar to make a billion. He is far less th