The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. God of our destiny, you have watched over us from generation to generation. May our lawmakers trust your faithfulness during this challenging season of our nations history. Lord, inspire them to recall how you have sustained the land we love in prosperity and adversity, in peace and in war. Give our senators the wisdom to believe that they can trust your constancy and greatness, as they cling to your promise never to leave or forsake them. Believing in your power, help us all to face fresh challenges with total confidence in you. And lord, we pray for the health and safety of all as communities begin the process of reopening businesses. We pray in your mighty name. Amen. The president pro tempore please join me in the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it
Factors them out, and either way the markets continue to advance. Weve got market watcher heather with us and dow jones news wire editor glenn holm. Heather, lets begin with this expectation that were going the see the big tax cuts, and corporations particularly are going to be the biggest beneficiaries of the biggest tax cuts;s that is, taking the existing rate from 35 presumably to 20 . I guess the only detail is when it would take effect. What if they dont do what theyre expected to do . What if they dont pour it into equipment and jobs, etc. , but just into boosting their dividend . Things they can do, its their money sure. Neil what would fallout be of that . That would be very good for the stock market. If it doesnt invest in plant, property and equipment, but if youre still buying back shares and increasing dividends. But if you dont own stocks, it may take some time for the economic effects to play out because you Want Companies to use that cash to hire more workers and for dom
First, we appointed former United States ascender to lead to the effort and he has incredible skill and produced phenomenal results. [applause]. Think about this. Tax appeals were weighing down the city. 303 million is owed just to the casinos in tax rebates. Set the senator using the authority we gave him, negotiated that number down by more than 50 , just over 138 million and in 2017 we announced glad you are all seated for this one 1140 11. 4 decrease in property taxes in Atlantic City which means average property tax reduction of 621. This was the result of budgetcutting measures that reduced city spending by 66 million over the 2015 budget and with a jeff in charge the budget will stay level in 2018 as well. He also reached a settlement with the police union, a settlement leading to now there will be 12 hour shifts in Atlantic City, reduced salaries, reduced term lease payments and reduced workforce of 252 officers, all agreements that would not have occurred without the senators
Joining me here, my colleague from philadelphia, jessica dean. Part of the new jersey usa today work, and leave on putney we would like to welcome our Live Audience tonight. We ask those in attendance to remain respectful and not interfere with the debate. This is streaming on facebook. Com and on facebook. Com. Spanish inch it in north jersey. Candidates will have one minute to answer each of the questions and 30 seconds for a rebuttal as warranted. Lets welcome to the candidates onstage here, running for new jersey governor, former ambassador to germany, phil murphy, and Lieutenant Governor you kimmel donnell served alongside Chris Christie for eight years. What do you say to voters who just cannot consider the vote to vote for you for governor considering your affiliation . Thank you for having us tonight. I want to say to start, anybody who knows me knows im not Chris Christie. On my values. Im running on my principles. My record has been the Lieutenant Governor. He was the maid wh
Larry kudlow discuss whether trump can close that gap. New jerseys Pension Fund Manager is slashing in half because of high fees and market underperformance. Hearing from the chairman coming up. A big story making the rounds here today. It will be another big wave of earnings after the close of priceline, activision, linkedin and kraft heinz. Lets start with the bank of england Interest Rate cut move and among other moves and affecting businesses back here. We have a report on the tourism industry. Steve . Pay attention. This is really down in the weeds and really interesting. Monetary policy stuff. In addition to the rate cut and more qe, the bank of England Governor Mark carney put a clever detail in to help banks, help the economy, and also, offer lesson to the federal reserve. Few are talking about it but carney exempted excess federal Bank Reserves and created by qe and when they create them, through qe, banks have to set aside capital for against them. Even though theyre totally