Cuts. More than Million People have benefited directly. Heres the key point. Theres more to come. 2. 8trillion parked overseas. A lot of it will come back here. Business is coming through. Today the market opens well above the 26,000 level, flat to ever so slightly higher expected for the dow but no big selloff, despite the explosive runup this year. Investors are not worried about a possible government shut down. My opinion if shut down the government to protect Illegal Immigrants, theyre going to get the blame. Varney company is about to begin. Stuart President Trump tweeting about apples big move. Here it is. I promise that my policies would allow Companies Like apple to bring massive amounts of money back to the United States. Great to see apple follow through as a result of tax cuts. Huge win for American Workers and the usa. Given the details, what are they doing . Ashley theyre going to bring back 352 billion in cash and invest 350 billion over the next five years. Government bu
Areas for overseas expansion. Iraq has joined the united arab emirates, calling for opec producers to stick with their agreements to cut oil output to the end of the year. That is despite recent price gains. The deal to rein in production helped lift france above 70 a barrel this week. Iran has expressed concern about that, spurring a renewed push sale producers. Bloomberg spoke to the head of the International Energy agency minister and got more interaction from citigroups head of commodities. Today, oil is about 70. And we will look at 2018 index couple of months. Demand increases 1. 3, 1. 4 million. Production isil ,oming from the United States less of africa from canada and with a lot of oil in the market. Market unless we have some surprises. That is a point of discussion again because the focus so far has been on the supply side. And we often dont discuss the demand side of the equation. And maybe we need to do some more work because all reports 2018, itsting that will be both on
Morning. It is so vast that the Vice President of the united dates jumping into help here we will hear that plan coming up. Stephanie until then, ill give you the top news stories for the morning. I mentioned it earlier. Stocks in china earlier today. The benchmark shanghai composite index, 8. 5 , the most since 2007. Investors are growing concerns the Chinese Government may end those unprecedented steps it took to prop up share prices. Earlier this year on bloomberg television, the head of the council on Foreign Relations call that a nightmare scenario for chinese leadership. Where does the government and this party get its legitimacy . The answer is that they cannot quite figure it out. They have got a real problem on their hands and they do not quite know what to do it that is why you see massive intervention. This is a serious political problem. Stephanie let me break it down. From july 8 through this past friday, the shanghai rebounded 15 , more than 1400 stocks, were allowed to s
News throughout this next hour and a half. Some of the big pieces we will deliver. This is the beast of the market, the treasury market, the death of the treasury market. The ticker on this his fiveyear. The moment of truth has arrived for the bond market. We test above 2. 4 for the first time in five months we touched above 2. 4 for the first time in five months. What is achievable if you break certain points . 6 i20 20. We are seeing this 6 by 2020. We are seeing this. Who do you want to run the fed jack of that run the fed . How feeble the bond market is to risk. Anna the fed chair conversation and there is also the growth story. The dollar. A quick word on some of the breaking headlines. Some corporate around europe but before we get to risk radar, they are cutting their fullyear Revenue Growth to 6 . Cutting their fullyear eps target. Worth keeping an eye on that. We have mentioned the risk radar. What you said about the bond market. Lets look at where we have been in the asian eq
Members about the president s plan to privatize the nations Traffic Control system and reductions to Capital Investment and surface transportation projects. This is two hours. The subcommittee will come to order. Before i begin, i just i know that all of our minds are a little bit in many ways elsewhere because of the incidents yesterday at the baseball practice field, and i just wanted to once again mention how all of us are praying for, obviously, the whip, mr. Steve scalise, the two Brave Police Officers that were injured, along with a member of the staff and a former member of the staff who were injured. So just we cannot forget them and we wish their full recoveries. With that this morning we welcome secretary chow to testify on the fiscal year 2018 budget for the department of transportation. I dont have to tell any of you that secretary chow comes to this position with thank lone o most impressive records of Public Service that anyone will see, having served as chairman of the m