Faith that bipartisanship is good we like bipartisan bills. But when we get into the nittygritty of governing, thats not really always the case, even though it has a positive connotation. I know that when democrats were in charge, republicans would say, we dont want to give them any victories, its too close to election year. And then when the tables turned, republicans were in charge and they dont want to help each other. Even pass simple things, simple bills together. We have to start by asking the question is can it happen and is there any point to bipartisanship anymore . And what function does it serve . Senator corker, do you want to start with that . Sen. Corker sure. Bipartisanship means when you pass a piece of legislation, it will stand the test of time, when you pass a piece of legislation when you have no support from the other party, the other party tries to unwind it. When you can get 70 or 80 , theres always some overlap, youve got a piece of legislation that again, will
Yesterday stocks had steady gains throughout the day the s p 500 snapped a threeday losing streak and the dow was up for the first time in three sessions overnight in asia, nikkei was up by 1. 4 . Hang seng positive, up by 1. 2 shanghai composite up by a half percentage point breaking news out of europe. Uk reached a brexit deal with the European Union willem marx has more on that story. Good morning good morning. This is good news for theresa may, the british prime minister, she can go back to london from brussels and present her cabinet and the country with evidence shes managed to get the conversation moved on to truck being britains future trading relationship with the European Union, a major factor driving that brexit vote last year in terms of the european side, theyre happy that some concerns have been addressed, specifically over the irish border neither side wanted to see a hard border between Northern Ireland and the republic of ireland. Leo varadkar, the irish prime minister
Axios is here to make you first faster and smarter to bring brevity into the world of business tech. It makes these conversations possible and to my colleagues somebody who has been my governor and senator the vice chairman of the Senate Intelligence committee and senator mark warner [applause]. You are a morning person. We are down until four days of christmas. Any event that i come to in december with the 12 days of christmas. So the tax cut the biggest since 1986 so those corporate rates have been cut down would that have been impossible . This is probably the most single piece of disappointing legislation i have been a part of in the senate. And i have been desperately interested with that gang of six from the Simpson Bowles plan and at that moment it was in that 27 or 20 corporate rate that could have been done fiscally responsible in fact added 25 rate. That would have saved roughly about 100 billion so that differential is about 400 million savings but let me take a minute to sa
Welcome to this addition and i hope you enjoyed the hot chocolate bar. And the Christmas Music as well. And then into the world of media and politics and these conversations are possible but then with the vice chairman of the senateth Intelligence Committee senator warner [applause]. I am not sure i fit in those categories. You are a morning person. Not the case. We are down at four days of christmas. In any event i am well known for leading groups in the 12 days of christmas. I guess that is not on the agenda this morning. We have the texas code the biggest since 1986, what business would have been possible. But roughly saving 100 billion so choosing between one or the other is a 400 billion savings. So my critiques are a little different but this piece of legislation will not. Youth being part of this is undone but then there is a fixit bill. And we could have done this in a responsible way. The estimates are to add 1 trillion but it is the reverse of what is excess expected so more
Bloomberg scoop. It shelving his plans to study cryptocurrency has fund hend fund. Erik schatzker broke the news. What do we know with this . Erik as you may recall, Mike Novogratz talked about or had plans to start a 500 million Cryptocurrency Hedge Fund biggest regulatory constraints he cannot talk to us, that he talked about his enthusiasm for cryptocurrencies at assets. Stores of value, and tokens that have the potential to change the way that companies did business. He Still Believes in that. Bitcoin wasthe Time Training at about 4000. Or was it just last week . More than 19,000. Mike novogratz is a career micro trader macro trader. He warned this would be the biggest bubble of our lifetimes. He is the guy. Knowing what it would take the function as a fiduciary. Eitherprospect of buying an bitcoin at the same time as having to risk manages own personal account and maybe sell those very same cryptocurrencies at the same time, he could not stomach it. The schizophrenic side was too