Weak so far. The dow and s p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. In morngs ding dow futures up b5 points, s p up by 3, and the nasdaq up by 6 overnight in asia, the nikkei ended up just slightly. Up by 27 points. The hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0. 3 the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. Also look at crude oil prices. Crude jumping on wednesday by 2. 1 , setting a 2. 5year high. It was sitting at 58. 02. This morning were up again, 63 cents higher to 58. 65. A couple of corporate stories were watching Teva Pharmaceuticals will lay off thousands of employees in israel and the United States they will be reportedly sending termination letters to 10 of its 10,000 employees earlier this month we heard teva said it wou
Below 100 billion from stress testing, so that makes some sense to me. Banks are not systemically important. Between 1 and 250 well do Something Else my strong preference will be that well continue to have meaningful stress testing for them because i think its a successful tool. Ing. Thank you senator warren. Thank you, mr. Chairman so i want to follow up on senator browns questions about full employment as you know Congress Gave the Federal Reserve a dual man date to pursue maximum employment and to keep prices stable the official unemployment rail is now 4. 1 . Many economists are predicting the rate will dip below 4 in the near future, and an Unemployment Rate this low in the past would have been considered full employment which would be good news for the workers that should be accompanied by higher wages. But wages have barely budged so let me start by asking, mr. Powell given that wage growth is so weak do you believe that the labor market is currently at full employment . Full em
The taxes are a personal issue. What we know from the Senate Tax Bill that is being moved very quickly through the senate now is a bill that will actually according to the j. T. C. , joint tax commission, will raise taxes on 70 of the middle class if this bill becomes law. Thats 82 million households that will see a tax increase over the next decade. This bill its doubly worse to the middle class. Than the house bill was which is already a disaster. They are rushing this bad bill through purely for a political win. As mr. Collins from buffalo has said repeatedly, or at least it has been retweeted repeatedly, his initial tweet that this is about their donors. This is about their political base. This is about ensuring that the special interest corporations needs are met. Its about ensuring for them that the wealthy in this country get the tax cut that they are begging for. And so we will were united as a Democratic Caucus in opposition not overwhelm to the house bill that passed but cert
Never worked anywhere in the world, and its not going to work here. Their answer to everything is big government. Well, there are two different points of view here, and i have to tell you i used to be on their side when i was a young fellow, when i was raised in poverty and came up the hard way and learned a trade and became a journeyman metal lather, which was one of the most Skilled Trades at the time. I have to say that these haunting refrains were used by democrats back then too, but look at this country and the mess its in, and its in a mess because of their philosophy. Weve got to change it. I admit with him that the Business Committee isnt always right and they are not always the best to spend our money, but the best to spend our money, but. The senate will soon vote on legislation on the broken tax code. And to provide significantie relief for tens of millions of middleclass families. And as we move to consider this legislation we will take another step that is a bipartisan goa
He tweeted let righteousness flow like an ever flowing stream. Congressman john conyers is the michigan democrat will decide within days whether he will resign a longer for congressman john conyers says the michigan democrat will decide within days whether he will resign. H isdded that conyers healt not the best right now. Party leaders, including nancy pelosi, have called on 80yearold conyers to step down. The eu says that british Prime Minister theresa may has until monday to present its final offer so we can be assessed ahead of a summit in two weeks. Tusk spoke alongside the irish Prime Minister. The irish Prime Minister says that they must guarantee there will be no northern border between ireland and the irish republic after britain exits the bloc. Day,l news 24 hours a powered by over 120 journalists and analysts. I am Mark Crumpton. This is bloomberg news. Julie live from new york, i am julie hyman in for julia chatterley. Scarlet i am scarlet fu. Joe and in joe weisenthal. Jul