at the time, he was like the intellectual vanguard of agency theory in shareholder capitalists. they have a lot do with it. tucker: when you say they had other constituencies, what 3r they? employees, communities, country. look at all the tax inversions that, you know, you can have any position you want on tax aversions, but basically someone asked someone from apple, how do you feel about not paying any tax in the states, and they said our responsibility is to the shareholders, not to the country. it is amazing they can pump out people who can t entertain the idea you can have responsibilities to more than one constituency at the same time. tucker: it has been going on so long, the rest of us don t notice. i have a responsibility to my shareholders, what about our country. i m glad you reminded us it wasn t always that way. duff mcdonald. thanks for coming on. thanks, tucker. tucker: up next, professional
theory in shareholder capitalists. they have a lot do with it. tucker: when you say they had other constituencies, what were they? their employees, communities, their country. look at all the tax inversions that, you know, you can have any position you want on tax aversions, but basically someone asked someone from apple, how do you feel about notot paying any tax in the states, and they said our responsibility is to the shareholders, not to theat country. it is amazing they can pump out people who can t entertain the idea you can havey responsibilities to more than one constituency at the same time.li tucker: it has been going on so long, the rest of us don t notice. i have a responsibility to my shareholders, what about our country? i m glad you reminded us it wasn t always that way. duff mcdonald.d. great book. thanks for coming on. thanks, tucker. tucker: up next, professional psychiatrists declaring
at the time, he was like the intellectual vanguard of agency theory in shareholder capitalists. they have a lot do with it. tucker: when you say they had other constituencies, what 3r they? employees, communities, country. look at all the tax inversions that, you know, you can have any position you want on tax aversions, but basically someone asked someone from apple, how do you feel about not paying any tax in the states, and they said our responsibility is to the shareholders, not to the country. it is amazing they can pump out people who can t entertain the idea you can have responsibilities to more than one constituency at the same time. tucker: it has been going on so long, the rest of us don t notice. i have a responsibility to my shareholders, what about our country. i m glad you reminded us it wasn t always that way. duff mcdonald. thanks for coming on. thanks, tucker. tucker: up next, professional
there s an opportunity for that to change, in part, maybe because this is a guy who comes from business himself. i think one of the most important pieces of the tax plan will be how well the corporate rate is reduced to. and president trump and paul ryan are on the same page, they believe the corporate tax rate needs to be reduced from 35% as it currently is down to 15%. currently, we have the highest corporate tax rate and we have seen tax inversions over the past few years of companies leaving the u.s. and taking jobs and tax dollars with them. it is sitting overseas, you get $2 trillion sitting overseas helping other economies instead of ours. lindsey bell, last question to you, the one concern the bears have these days is that interest rates are going to move higher more quickly than some people anticipate and expect. and they worry about what that would do to the overall economy combined with a stronger dollar.
to an otherwise light-hearted show. all right, let s get down to business with landon dowdy. good monday morning to you. shannon good monday morning. the markets look to build in holiday cheer as stocks come off their best week of the year measured by the s&p 500 index on growing confidence the federal reserve will raise interest rates next month. look for data on existing home sales. pfizer is expected to announce today it s buying botoxmaker allergen for more than $150 billion creating the world s biggest drugmaker and comes after the u.s. government announced rules to curb so-called tax inversions or when a u.s. company relocates its headquarters overseas to get a lower tax rate. it is based in eyre lapped. the average u.s. gas price dropped 11 cents in the past two weeks to $2.14 a gallon the lowest since january. analysts think prices could continue to fall through december. and walmart is moving cyber monday to sunday night, it s