Have that fourth bracket designed to make sure we dont have a big drop in income tax rates for high income people. Neil the president with Maria Bartiroma had a different take on the same subject. When paul mentions one more category which i would rather not have, he is playing on what he said, the middleclass is not being properly taken care of. Neil whether you need that bracket to show concern about this, that you are going to rain it in for the very wealthy. Right now the top rate is being reduced from 39. 6 to 39 the understanding being some of those would be ensnared at a higher rate, not necessarily bring it up, something in between. Hard to tell but sort of a moving battle. Adam shapiro with more on this. Keep in mind next week we expect the Conference Committee to come out with the budget resolution and both chambers will adopt what comes out of that. We expect to see details of tax reform as early as the week of october 30th though kevin brady is not saying when he will share
The u. S. Trading session. A lot of new this morning and our markets are reacting. Julie we are seeing a mixed picture. There does seem to be a little bit of trepidation and the ratets, mostly seen on the side with the 10year. Stocks in the u. S. Are mixed. We saw a straw finish we saw a strong finish to the week with technology. We see more bumping as and the downdraft we are seeing with big names has more to do with earnings fallout as well as analyst calls. If you look at our big three declines today, we have merck shares trading down. The stock was down. Down at Morgan Stanley and barclays. The shares down almost 5 . General motors being downgraded. 27 analyst saying he sees downside potentials with cyclical pressure and changeover and north america, driving the companys ebusiness down 5 . Advanced micro devices is trading lower. This one is from Morgan Stanley, that stocks being cut to underweight. Those shares trading lower. Overall, as we head into this , a jobs report, the fed
There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
Company fired over 20 employees after investigation into Sexual Harassment claims. First, to our lead, our exclusive interview with tim cook from the Apple Worldwide developers conference. The company set the stage for the hardware and software that will hit the stage in the next couple of months. This year, they introduced a Major Overhaul of the apple watch operating system among other products. Productanswer is there cho andat the amazon ec google home. We tried to build something that is a breakthrough speaker first. Music is in our dna dating back to itunes and ipod. We wanted something that sounded unbelievable. I think when people listen to it , they will be shocked about the quality of the sound. Course, it does a variety of other things that are important as well. Emily you are very focused on how this could reimagine music in the home. Is there a lot of other things you can do for it like call for a car or order groceries . There are a lot of things you can do with it. There
Company fired over 20 employees after investigation into Sexual Harassment claims. First, to our lead, our exclusive interview with tim cook from the Apple Worldwide developers conference. The company set the stage for the hardware and software that will hit the stage in the next couple of months. This year, they introduced a Major Overhaul of the apple watch operating system among other products. Productanswer is there cho andat the amazon ec google home. We tried to build something that is a breakthrough speaker first. Music is in our dna dating back to itunes and ipod. We wanted something that sounded unbelievable. I think when people listen to it , they will be shocked about the quality of the sound. Course, it does a variety of other things that are important as well. Emily you are very focused on how this could reimagine music in the home. Is there a lot of other things you can do for it like call for a car or order groceries . There are a lot of things you can do with it. There