Good morning. Happy friday welcome to Worldwide Exchange. Im sara eisen im dominic chu in for wilfred frost. We are starting your weekend off with taylors swift single called gorgeous. Taylor swifts new single are not like they used to be i dont know ill give it a chance to grow on me we are seeing action in u. S. Equity futures after that late senate vote that cleared the way for reconciliation dow futures are higher, up 80 points s p up 4. 5 nasdaq up 12 points. The nasdaq yesterday was the only one to close lower. The tech selloff led the nas da down the dow and s p finished in record territory yet again the party keeps going. Among the reasons for the jump in futures, big news out of washington the Senate Passing a budget resolution late last night among prartity lines that final vote was 5149. Senator rand paul was the only republican to vote against it. This is a crucial step towards that president s goal of passing a tax plan for this year senator als will have to reconce their
Korea higher by a percent overnight. Looking at the action in the European Equity markets. The futures picture here, the dax higher by 1. 6 italy up by 1 green arrows across the board. Looking at the action in crude wti, highest level yesterday since february of 2017 today up by 1. 2 55 is the level. Brent is at 61. 59, up by more than a percent we will have more on the strong markets in a moment first were getting new details on yesterdays terror attack in new york city. Eight people are confirmed dead. Dozens of others injured after a man deliberately drove a truck down a bike path in lore manhattan. Lets get toContessa Brewer live on the scene with the latest good morning good morning the home depot truck used as Deadly Weapon still sits in the intersection behind me, blocked off by crime scene tape and surrounded by investigators. This is a tactic that isis has called for, turning everyday vehicles into Deadly Weapons and it was successful yesterday. Eight people dead. The number o
Plan, we have been talking about it for a long time. I know you are headed to a meeting pretty soon, so you might have to leave early, but what can you tell us about the details of this tax plan . Guest we are excited that the republican tax plan will simplify the tax code, it will broaden the base of taxpayers, so that we can lower rates of all americans, and really get the economy moving again. We would like to see more robust gdp growth. We think that there are specific features of this tax plan that can make a substantial contribution. First would be bringing back the trillions of dollars in assets that are currently overseas as a consequence of a tax code that seems to disadvantage america to the betterment of other jurisdictions by having one of the highest Corporate Tax rates in the world. Bringing those dollars back will inject some immediate vibrance into our economy. We are also excited about bringing down the Corporate Tax rate. Because we have one of the highest tax rates i
We are asking you to tell us if you think immigration is making america stronger or weaker. Ocrats can call in at republicans at independents a special line for recent immigrants this morning. You can also catch up with us on social media. A very good thursday morning to you. According to the Pew Research Center, 47 Million People living in this country were born in other countries. We are talking about the immigration system in the United States. You can start calling in now. Focusing on the Legal Immigration system. [video clip] what we areump demanding is meritbased immigration. We want people that are going to help our country. We want people that are going to keep our country safe. We dont want lotteries where the wrong people are in the lotteries and, guess what, who are the suckers who get those people . And we want a meritbased system. And we do not want chain migration, or somebody like him ultimately will be able to bring in many members of his family. And we dont want that.
Federal reserve governor Jerome Powell will be the one to get the nod to replace janet yellen, who actually was up for it. There is a mystery here, why replace janet yellen with basically what many experts see as her identical twin when it comes to the pace, you cant be if youre a guy, fraternal twin when it comes to the pace of Interest Rate hikes . Powell in lockstep with janet yellen on just about anything. What dont we been him that makes him President Trumps number one choice . Powell would be by the way the first fed chair in four decades without an advanced degree in economics. No ph. D. Either. He is a princeton grad, law degree from georgetown and wealthiest Federal Reserve chair since 1948 with a career spanning from wall street to washington. Hes been a fed governor since 2012, a former assistant treasury secretary i believe under Nicholas Brady and former partner at private equity firm the carlyle group. Charlie gasparino in the newsroom, way out in front of the fed chair s