Letsthings first, quickly check on your markets. First of all, i wanted to have a look at the yuan, this is on the back of what we heard from china. Stocks in europe in to be drifting sideways a touch. I think investors are trying to figure out what the next catalyst is. Draghi is due to speak today. And then, the independence claim is tomorrow. N, that thats the bloomberg dollar index, up a touch. Heres nejra cehic. Reporter donald trump claims tax reforms would be worth 4000 a year for the average american household. He asked for help so he could give the country the best christmas president of all. Today are business tax rate is 50 higher than our average economic competitor. This is a giant selfinflicted economic wound. Reporter the u. S. President has said he plans to choose from amongst five finalists to be the next Federal Reserve chairman and will make his choice soon, before he leaves for his 11 day trip on november 1. With canadawound up and mexico rejecting what they see as
[inaudible] will get started here. Welcome. Im pe peter and i think you all for coming today. This is entitled the homestretch for major tax reform. We crossed a hurdle today and house as they agreed to the Senate Budget proposal which paves the way for reconciliation for tax reform package. The Cato Institute released the eighth edition for our recommendations begin on page 45. Therefore the chapters that deal with fiscal policy. Mark copies please contact me. You can also go to cato. Org. Ryan born occupies the chair. Hes written on Economic Issues including fiscal policy, minimum wages and rent control. Before joining us he was head of Public Policy at the institute of economic affairs. He has extensive broadcast and print media experience and has appeared on bbc news and he also writes weekly columns for both the Daily Telegraph and the london paper. We will leave time at the end for q a. All have a short announcement before he leaves. But for now lets welcome brian form. [applause
I joined some of the men there as they learned to code through an Innovative Program called the last mile. The last mile has helped excons get good jobs after theyre released. Weve even had one of the earliest graduates on this show. Not very Many Companies want to hire people who have been convicted of a crime, but starting in january they may have less of a choice. A New California law nicknamed ban the box goes into effect. The box is the box on an Employment Application that asks whether you have a prior arrest or have been convicted of a crime. California law will ban that box january 1st. Now, when we have legal questions we turn to the smartest lawyer we know, charl carrie moore, u. S. Naval academy and berkeley law. Joined by hanna kuchler. Financial times and joe mann of reuters. All right. So not anyone can get any job anywhere. Surely, a bank robber wont be able to get a job at a bank, right . No. Scott, what the law is intended to do is really address this situation where t
That is according to the ap setting a current and former administration official. Global news. 24 hours a day. Powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. This is bloomberg technology. Minister meets with President Trump for the first time. We will bring you their press conference from the white house live. Lets break down the future of the relationship between Silicon Valley and new delhi. Plus apple steal some of alphabets thunder with an autonomous fleet announcement. Pples new deal with hertz google could set a new world record when it comes to search. How much the u. S. Tech giant could be on the hook for . But first to our lead. U. S. Supreme court has given President Trump a partial victory on his travel ban. The u. S. Supreme court will allow a limited version to go into effect. Tech ceos around the country were vocal in fighting the executive order calling it unconstitutional. In a Statement Released by the white house, Pre
Overnight in asia, the nikkei was flat. The hang seng and the shanghai were slightly higher. In europe, in early trading right now, youll see there are mixed messages. For the most part the major averages are around the flat line. In italy things are down by 0. 9 . If you check out crude oil prices, right now it was up 1. 2 yesterday, giving back some of those gains this morning with wti at 54. 02. Lets get you updated on some big stories today. Earnings just out from Toll Brothers. The company earning 42 Cents Per Share in the first quarter. Revenue was better than expected. Home building deliveries about flat in dollar terms. Increased 12 in terms of units. The company says the average price of homes delivered declined due to changes in product mix. Carl icahn bought a large stake in bristolmyers squib. Its unclear how big his position is, but he sees the drugmaker as a potential takeover target. The report was released after they announced they would add three new Board Members and