Thank you for being with us. We start this hour here in the uk where the government has begun releasing prisoners early from jails in england and wales, as part of an Emergency Bid to Ease Overcrowding. A lack of Prison Space is a common issue the united states is predicted to be 10 over capacity by 2025. And even denmark renowned for the relative comfort of its cells is renting Jail Space in kosovo. Around 1,750 inmates are expected to be freed in england and wales as part of a scheme intended to make available up to 5,500 Prison Places. Some offenders whove served at least 40 of their sentences will be released. The plan excludes offenders jailed for violent offences with sentences of at least four years, as well as Sex Offenders and domestic abusers. The government says its taken every measure available to protect the public but concerns have been expressed about Offender Rehabilitation and ensuring victims are safe. And this is the scene live outside Hmp Brixton in South London whe
Todayis today is a big win for European Citizens and tax injustice. Trouble in the pipeline . The price of oil tumbles below 70 a barrell for the first time since 2021 as concerns grow about the state of the world economy. It relates to how two apple subsidiaries in ireland were treated for Tax Purposes between 1991 and 2014. Ireland has a low corporate Tax Rate of 12. 5 but its been accused of so called Sweetheart Deals with certain companies allowing them to pay a much lower rate. The Decision Cant be appealed apple said its disappointed with the decision and accused the European Commission of trying to retroactively change the rules. Here is what the Eu Competition Commissioner had to say. There commissioner had to say. Is a bigger picture, our investigation there is a bigger picture, our investigation has decisively contributed to a Mind Shift and change in attitude amongst member states, they have helped to trigger and accelerate regulatory and legislative reform. Take ireland, to
When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
This court construed section 5000 day of the Affordable Care even reate a choice, either adjust or pay the tax. In 2017, congress did not change sub a or b, it just reduce the amount of the tax of tax to zero. This still protects presents a choice, buy insurance and do nothing. That does not harm anyone or violate the constitution. Respondents insist that the 20 17th amendment to tear down the entire aca that rests on two untenable arguments, first respondents contend that congress transformed it into a command when it zeroed out the tax. That is contrary to this construction of the same tax, it is at odds at how congress and the president understood the amendments, and it would attribute to congress and intends to do exactly what this court said would be unconstitutional. Seconds, second, respondents argued that if this is unconstitutional, every other provision must also fall. The starting part of any remedial analysis would be the presumption in favor of severability, and here the t