Pace for their best day in the month of november. And as mentioned, this represents a rebound. The averages were down two days in a row. S p 500 down last week for the first time in nine weeks. We see some buy the dip action. This is on pace for its best week since about seven weeks. Strong action. And in fact, we have a bloomberg terminal, although i do not see it, it was showing the fact this is really stands out, the russell 2000 was generally weaker. Here it is. Lastue, the russell 2000s record high in october, taking a slide. Investors were worried about tax reform. At 15,a white, the vix, then at 16, suggesting it could rise more. Despite the strength from today, russell 2000 could be looking at more volatility ahead. Time will tell whether the dip buying will prove true. And the minor pullback for major averages. Taken a look at top stocks for the s p 500, we are looking at walmart and apple. Walmart up more than 8 , beating estimates in a big way. 54 is how much the online sale
And the senate bill, will speaking on the floor. Trump, justident staying on point, how can President Trump tax cuts for the middleclass when the public does not seem to look at it that way . Nancy pelosi giving Closing Remarks. The house of representatives what i woulder will is republican, they the at the lowering of the majority have seen the 401 k s grow. What they are getting back from the government. Might frustrate them, especially when you go to battleground states like michigan and pennsylvania. Pelosi, a nancy minority leader and used to be speaker of the house. This has often litigated out. Is that true . Will push back ferociously against that and here is why. There are broad frameworks debated for decades. Wealthytaxes on individuals and corporations would stimulate growth or we are happy to have debates but provisions in both bills in the house and senate bill have literally just been added in recent days that radically transform the landscape. State and local deductions
Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
Proceedings were postponed earlier today, 29 1 2 minutes of debate remained on the bill. The gentleman from texas, mr. Brady, has 17 minutes remaining. Without objection, the gentleman from massachusetts, mr. Neal, has 12 1 2 minutes remaining. The chair recognizes the gentleman from texas, mr. Brady. Mr. Brady thank you, mr. Speaker. Im pleased to yield two minutes to the gentleman from alaska, mr. Young. The speaker pro tempore the gentleman from alaska is recognized for two minutes. Mr. Young thank you. Thank you, mr. Chairman. Congress established Alaska Native Settlement trust in 1988, to provide Permanent Health ed health, education, and Welfare Benefits to alaska natives who were among the most economically disvanged population in the United States. Unfortunately, mr. Chairman, the tax code has many cases impeded the creation and funding of the settlements. As a result, Alaska Native Settlement trust have not been able to function in the Manner Congress originally intended, to p
Means over 3000 in tax relief. Texas as a whole, i will welcome the 74,000 new jobs coming away because of tax reform. It also means hardworking americans everywhere will see more in their paychecks and they need it so badly. We all know this quote, will rogers, the difference doing death and taxes is death does not get worse every Time Congress meets. [laughter] it is funny but a perfectly captures how most americans have come to feel about the tax code. With the tax code we have today, americans have seen it get worse and worse. They have seen it become more unfair, more complex and more uncompetitive. When congress met today, americans finally saw something different. They saw us come together and makes our cap make our taxes them better for them and our nation. Today was a major step forward. This is certainly not the last step in our tax reform journey. We still have a way to go and we will continue to listen to the market people. We have always said, this is not our tax code, it