The survivors are seeing less than the 20 day moving average. This is where we stand. The dow is down by a hair. Of course, we are seeing some impact from gdp data from the Second Quarter coming in less than expected. A bit more pressure on the fed. S p stillsaid, the managed to hit an intraday record high, 27 point 09. In the past month, we are up 5 on the month. We are off by a couple of points with a few hours left in the trading session. This is five months in a row for the s p. Gold is also that, rising, up 1. 5 . In terms of looking at what is happening with the gold miners, those are rising. Gold futures are up 1. 3 . Look at this, there and gold, all of them up percent. New point my main new point mining up as well. Despite this slight positive in the gold it is still pushing to highs. David what about stocks that are up on Something Else . Ramy nonearning. There are stocks moving because of other things in the news. First off, hewlettpackard, and they are seeing a bump of 5 .
Supporter of igs. When they raise an issue like that, we deal with it. And well visit with the ig about that. During a hearing last month senator grassey asked you about the tax pons and whether it would allow individuals to claim billons of dollars in tax benefits for unaut rised work. Your follow up lotter to him last week that individuals may claim up to three years of refunds on income even if they were working off the books or never paid tax Social Security truly startling. Why are you allowing individuals who cheated by not paying any taxes to now claim a refund that will be financed by hardworking americans who have been paying taxes all along. It has to be cleared that youre eligible for the earned income tax credit only if you had earnings. We have 700,000 undocumented imgrants paying taxes every year. Anyone who now, under the president s program, is provided a Social Security number, would be eligible for filing an amended return. But then they have to demonstrate that they
Three years. You have to pay taxes on what you earned to be eligible in fact, for any kind of an earned income tax payment. So the statement that individuals may claim up to three years on income even if they were working off the books or never paid taxes is not true . No they basically have to if they want to file an amended return, they have the file for the income they earned. As i noted, there are 700,000 immigrants filing every year. The senator from maryland. Thank you, mr. Chairman. And thank you mr. Koskin. I really appreciate that someone of your caliber has decided to continue a life of Public Service and to do it at irs. The irs is taking a beating, both in the budget, by mechlmbers of congress, we demonized the men and women who worked there and then we underfund it and give them an impossible job. And when they cant do the impossible, we punish them by giving them even less money so the impossible goes to the catastrophic. So i really want to appreciate you just showing up
Care reform in america as hundreds line up for help. All next on msnbc live. The white house is shutting down a new report claiming Vice President mike pence is part of what appears to be a Republican Shadow Campaign for 2020. His press secretary tweeted ridiculous, fake news anding in more than wishful thinking. Lindsay walters fired a warning shot saying the president is as strong as he ever has been in iowa. Rex tillerson is in a Security Forum with World Leaders it comes one day after the u. N. Passed a round of sanctions against north korea for Nuclear Provocation and other violations. A move President Trump praised in a tweet. Heres what nikki haley said in an address to the u. Cnn after t vote. Were prepared to do what it takes to defend ourselves and our allies. We have tried to say multiple times that all options are on the table. We continue to give north korea an out, to give north korea the option to stop what theyre doing. We have to see what theyre going to do with that.