Last among developed nations we pay the highest tax of any nation in the world. Our rate is the least competitive rate there is. Our business tax rate is 60 higher than our average economic competitor think of that. And then you say, how do you compete . Well, in many cases, you dont our companies leave. They go to other countries its a massive tax on every product made in america, giving countries like germany, south korea, china, and mexico, not to mention so many others, a massive head start over american industry it is time to go from dead last to pretty much the front of the pack [ applause ] pretty much. We wont be the lowest, but well be getting pretty close. Under our framework, we will dramatically cut the business tax rate so that American Companies and workers can beat our foreign competitors. [ applause ] we will cut the business tax rate from 35 all the way down to 20 below our average competition by far and this is a revolutionary change and the biggest winners will be ev
Move in the last few. Emerging market stocks are up. 14 basis10 year is up points. Thats a big move. David coming up, its personal income and spending data. At 10 00, we get data for the month of september. At 11 00, we have a full week of fed speak. That. Ill be talking about we turn to emma chandra. Emma President Trump is promoting his tax code to the National Association of manufacturers in washington and the 6ased outlines of trillion plan. You can watch the president remarks at 11 25 a. M. Eastern. Federal immigration Officials Say 500 people arrested during a sweep the targeted sanctuary cities. Almost two thirds of those arrested have criminal records in the United States. Theresa may is in estonia. This is ahead of the meeting, she spoke about frexit negotiations. They have made their lives in the u. K. I want them to stay. Weve been negotiating for that. We want their rights guaranteed as well. Is interested in the defense of your. The bank of england told bbc radio if the ec
Lauren amazon might want to fill your prescription. Fbn am starts right now. Cheryl 5 01 a. M. In new york. Tuesday, over 10. Cheryl casone. Lauren 1010 im lauren simonetti. Train to first, some development out west this morning. Deadly wildfires sweeping through Northern California wine country killing at least 10, injured 100 others. In this 1500 homes and businesses destroyed. Curfew in effect right now. Declaring a state of emergency in sonoma, napa come in total more than one dozen wildfires burning throughout the region. Atlarge fires a wind driven, all these fires at the same time. Research has been scattered to respond to all of these fires. It was very difficult to send in a concentration of resources from one area. Cheryl a Massive Wildfire in Southern California where 5000 homes have been evacuated in the area. The fire has destroyed structures in Orange County. Live to Northern California in just a few minutes to get a live report of how they are doing. Train to it is obvio
Are not seeing a bigger reaction . Julie there was a bigger reaction when he opened, but it has since abated. It seems like nothing will stop the engine of this rally or small moves on a daily basis. That is what we are seeing today. Stocks are bouncing up a lows of the session. If you look at the groups in the s p 500, we have got about half even between green and red on the screen. Even the declines are now updating to some extent. Telecom stocks leading. Health care continuing its run in a particular group. We have Consumer Staples tech and energy in the red, for not having as much of an influence. Financials are on the unchanged line. Financials were earlier in one of the worst performing spots. One of the things tied up in the financials has been the bond market. We have seen steep selling earlier in the day. Buying in the bond market. Bonds earlier saw a drop in field of his as much as five basis points. It is now three basis points. Earnings are a big topic of conversation and t
Quarter. The company also cutting its forecast josh, you were in this stock a long time ago. Youve since been out. What do you make of the quarter and whats happened with the stock . So, im not getting back in but i would tell you if youre looking to sell, make you already had that opportunity, im watching the canned. I want to see how she goes out, because when you have a stock thats down almost 10 premarket and it gains back as much as it has in that day, psychologically youre just thinking like anyone that want to be out of this thing may have already gotten out maybe we saw the worst of the news that we expect to see all year this. Stock has been downtrending into the news its not like its a shock, and i think the reaction is more important than the anticipation. Did you miss your best chance to get in . I dont feel like theres any rush, but its just like do you want to put shorts on now that all of the bad news is now they kitchensinked it and it was worse than expectations but if