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what the trump administration is doing to america. and the author of shadow president and a cnn contributor. great to have both of you here this morning, and i can t imagine two people who have been more steeped in the history of donald trump. you were the tax reporter for the new york times, you spent years and years look into donald trump s personal finances and empire. what did you take away from the exhaustive new york times article. it s a masterful piece of journalism. over 100,000 documents. as i read this i did not wince once at the technical issues in it about accounting, taxes and law. it s an extraordinary piece of work. the one thing it shows beyond the tax cheating, which i said for years and there is no
long. the market was headed in one direction for way too long and investors have been calling for a correction, which is a 10% drop from the recent peak for quite some time now, and that s what we re seeing. layer on top of that inflation fears and the fact that the fed may raise rates faster than expected, and you have this kind of a fact because investors are expecting people to perhaps come out of stocks and buy those bigger yielding assets in that regard. we ll have to wait and see what happens from here, wolf, but right now. leslie on the floor of the new york stock exchange. thank you very much. jim is here. a tax reporter for the new york times. was the market due for a correction? probably. it s been a great last year for the market, even with corrections in it. the market goes up and go down.
you what the 401(k) limit is, contribution limit is, the rules for putting money in or taking it out. he s grossly ignorant about all of these things. his own tax accountant has said he doesn t understand anything about taxes and any and then big deals, some of which as you know saved him millions of millions of dollars of taxes not motivated by tax considerations at all. the accountant out in the little office in queens figured this stuff out but it s right. just as a matter of negotiating strategy, what he is doing is utterly ridiculous from his own point of view. david, you made your name as a tax reporter covering the tax bills. tell us how you think this one s going. well, we may not see a tax bill. i mean, i earlier some months ago thought, well, the one thing the republicans will do is they ll pull off something they ll call tax reform and be a tax cut giveaway to the best off in america but the way the
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