We are waiting for macys earnings to go across, and we look at you updated when they go across. Talking about a weaker dollar. Done 5 10 of a percent. Over all, you are looking at a nikkei that got wiped out. Really confused traders and market participants. Yen shooting up after that. I am taking a look at the contents, q 10s, flatter. Copper is an interesting options move. 10,000 copper by december of next year, started trading at 4. 5 million in on my trade. Jonathan i just assumed you have a bloomberg inside your head and you saw the earnings coming through. Coal, positive 0. 1 . And totalter sales coming and up 4. 32 billion. Estimate was 4. 3 billion. Inline if you are looking at sales. Here is the picture. Down 7 10 of a percent. A lot of retail coming through. Macys as well. Keep it right here. David earningspershare must a little bit. . 72, couldsed to be part of the reason ecb red number. That part of the reason you that part of the reason you might see red up there. First wor
They are narrowing down what will be still a very substantial, across the board tax cut, not just the same for everyone across the board. Here is what we now know. On the corporate side, were taking that rate from 35 to 15 . This is the goal. Then a 15 tax on passthroughs, s corpse, hedge funds, real estate entities, a lot of lot of donald trump interests would benefit from the lower rate. Standard deduction doubles for individuals and families to roughly 12,600. If that is the case, that sticks, an additional 12 to 15 million americans, who presently go through, detail all their deductions would take the standard deduction. Would make their filing a lot simpler. It would not rule out deductions across the board. Three rates now. That top rate at 35 . As stuart pointed out here. Bottom rate of about 10 . Were going to getting into all of this with kevin brady, man who runs the house ways and means committee. He was for bigger tax cuts the o looking for a border tax to pay for a lot of
Well, after the 24th record high of the year, the Dow Jones Industrial average will open a little higher as of this morning. Up about 10, maybe 15 points, about 28 minutes from now. Now, a couple of big banks have reported their profits this morning, citi, j. P. Morgan, wells fargo. First of all, lets go to the Bank Earnings, bearing in mind that the bank analyst, dick bove on the program said that Bank Earnings will be bad and the end of the trump rally. Liz dick bove is really, really smart, impressive. Long growth came in pretty strong for the banks. Certainly, wells fargo, seeing decent profit numbers coming in and citigroup, j. P. Morgan as well. Now, the trading desk has been a problem for the banks because theres low volatility. When theres low volatility. Cant make money off the trades, but the numbers are coming in strong for the free ban three trades. That means were not going to see the end of the trump rally bearing in mind the Bank Earnings reports from last hour. Liz that
Barrel, 47. 53 home depot is just out with Earnings Results are good 2. 25 a share see how the stock reacts 3 cents above revenue. Comparablestore sales, an important metric to watch, up 6. 3 the consensus was for under 5, 4. 9 so thats a significant outperformance home depot raised sales and Earnings Guidance for the fullyear. As you can see, its been a grade p great performer. If we went back any period, two, five, ten years. Very close today well see if it will trade at a new high its last earnings report, it jumped about 11 on the stronger than expected earnings, and has been flat after amazon and sears announced that deal to sell ken mother applian kenmore appliances on amazon. North koreas leader has delayed a decision on firing missiles towards guam. The country state media said kim jongun will wait to see what the United States does next. The leader made his first public appearance in about two weeks inspecting military assets and reviewing plans to fire missil s s near guam. B
Good afternoon. Everyone welcome to rancho del the ramp in the sky. You can see where president reagan spent so much time here in this beautiful setting. Im chairman of the reagan ranch board of governors. Young Americans Foundation purchased the reagan ranch almost two decades ago. Our goals are to preserve it as a Historic Property. An important Historic Property and to use it as a vehicle to train and to educate Young Americans about president reagans principles of limited Government Economic growth and an Important Role for america in todays world. There was no issue that president reagan was more identified with than tax reform. Reagan sponsored two major tax bills one he signed right here in 1981. And the second that reformed the tax code for the last time in 1986. As reagan said in a national address, in may 1985, for the sake of fairness and growth, he must radically change the structure of a tax system that treats our earnings as probably property of Internal Revenue service.