Gary cohen talked about the Republican House reform bill was speaking to the Economic Club of washington dc. This portion of his conversation with the Club President is 35 minutes. The bill that was released or proposed to release today is something the president can sign. David, as you know, the group of six of us came out with a framework. After that framework starting in diverse different aaces we got ourselves to unified framework, which really had two driving principles in it. Driving principle number one is we had to deliver a middle income tax cut. Number two is we had to lower the business tax rate to make us competitive with the rest of the world. The bill that the house delivered today accomplishes both of those objectives. In fact, they stuck very much to the framework that we had delivered. So, yes, the bill that the house has delivered, the ways and Means Committee delivered today, is a bill that the president can support. And do you have any reason to think the Senate Fin
Schedule so were going to start the interview right now and go for about 50 minutes and then gary will have to leave, go for an announcement at the white house and i will then make my scintillating announcements about everything and then the main course will be served then. Okay . So, gary, let me first introduce you. Gary is the assistant to the president for Economic Policy and head of the National Economic council. Had that position from the beginning of this administration. He is by background a native of Shaker Heights in the cleveland area. He went to American University in the city, graduate of the school of business there and then subsequently went to work for u. S. Steel and new York Merchantile Exchange and Goldman Sachs and joined goldman in 1990 and became a partner in 1994 and rose to be the head of the Commodities Division and ultimately commodities fixed Income Division and cohead of the Equities Division and cohead of the Global Securities division and then openly in 20
Among them, print alaweed and western businesses including the Parent Company of this network. Saudi arabia is a bulwark against the iranian power in the oil patch and they are cracking down. The tax package, good for business, good for middle america. How much help to the economy get when the 1 end up paying much more than how much help for the Housing Market when the mortgage deduction is cut . Still very much a work in progress. One less headline. Vin scully has had it. So disgusted the up and protest he wont watch any more. Stay right there, please. A whole lot more coming right after you. Varney company a route to begin. About to begin. I think that Mental Health is your problem here. This is based on preliminary reports, very deranged individual, a lot of a lot of problems over a long period of time. A lot of mental help albums in our country as do other countries. If this isnt a done situation. This is a Mental Health problem at the highest level. A very, very sad event. These a
The tax plan as a new report says the the plan from the senate could be very different and delay in the Corporate Tax cut for a year. What . Congressman tom rice from the house ways and Means Committee will respond. President trump in china issue issuing a stern message for north cree. Dont mess at usa. Ambassador john bolton with that. New accusations from chairwoman donna pray seal, brazile, comparing the Clinton Campaign to a cult. Another good day for Nicole Petallides to follow. She joins us from the floor from the new york stock exchange. Hi connell. 401 k or ira. It crossed the 900 billion mark for market cap. Largest company in the world. So that was a pretty big deal. Well watch for the next stop. That would be one trillion. That would be 194. 77 a share according Senior Editor charlie brady. You can watch for that. We had big breaking news on time warner, at t. This is story going on all day. Time warner down 6 1 2 . At t, actually started lower, moved higher on the news but
Im sara eisen im mike in for bill friend frost. We are starting friday with a song from taylor swifts new album. It was released at midnight. Featuring ed sheeran i will hear a lot of it around the house. Wilfred took the day off because it was such a big day and releasing the album. He needed to take it all in lets get a check on the Global Markets after a sell off on wall street wasnt as bad as it got during session lows, but the s p and dow had their worst day in two weeks. The pressure continue this is morning. We are set to break an eightweek win streak when it comes to u. S. Stocks, which are pointed lower for the week less than 2 of a decline if you add up the week. Dow down 65, nasdaq down 24. It has been the nasdaq thats been under the most pressure thats also been the biggest winner russell 2000 is down more than a percent. Treasury note yield. Lower yields back to the bottom of the range 237. Although, getting a pop today. Well see where that goes. Selling of treasuries this