[inaudible conversations] as all of you know we are heading into the markup that started yesterday and i wanted to ask senator scott and senator portman who were in the middle of all of that and some of the leaders on the tax reform effort to say a few words. The good news on tax reform we have spent a lot of time talking about the numbers and tax reform and the reality of it is those numbers translate to real peoples lives who will benefit from tax reform and as we start discussing ways to use some of the revenues perhaps from the individual mandate to lower taxes for the middle class this is a classic example of a powerful mechanism for us to address those folks in the middle class, the hardworking americans living paycheck to paycheck who are looking for a way to bring home more of their takehome pay. Our approach provides relief, significant substantial clear relief to those folks working hard every single day in the middle class. Thank you. The middle income folks that i represent
Senate and in the house of representatives and well have the votes but we take nothing for granted. Trade to the latest is President Trump the latest is President Trump all the latest as President Trump will visit capitol hill tomorrow to push lawmakers to get a deal done by the end of the year. Target, watching for the numbers and well have that tomorrow. Futures meanwhile show it but give them a sharp selloff but the dow industrials down 130 points. Nasdaq down 33 points. Markets pulling back with european markets similar story. European indies to the ft 100 down two thirds of a percent. Dax down better than 1 . In asia overnight stocks were lower across the board. The light is dimming for General Electric. Another terrible day yesterday down 13 . The Company Announced dividend cuts and restructuring plans. The American People coming out. Papa johns offers an apology for divisive nfl and the remarks. Plus, played the border wall game. How cards against humanity for his to stop a plan
This hour a day after digesting that tax plan. T all are up higher. In asia, a bit of a mixed picture. In europe, a look at european equities, still open in many parts of the world. A bit of a red picture. Finally a quick take on crude prices. Wti trading at 49. 19. I dont know. I did see 49. 20 or 30, i did see some stuff yesterday that if they dont if opec does not go along with the cuts, you could see it back to levels of around 40 if they dont continue with the cuts. Both of these guys getting nervous. Dont try that at home. The white house says President Trump its when johnny deposition is moving like this in alice in wonderland. Its a weird dance he does, but it means things are out of whack. As far as nafta, President Trump has agreed not to terminate the nafta agreement and will try renegotiating it. The white house said they agreed to proceed with negotiations swiftly. There had been reports earlier that the Trump Administration intended to begin the process of withdrawing fro
710ths green arrows for major in deksz. Ftse up. Germany, dax up. Gains in france after the French Election there one of the biggest majorities theyve seen in post war france. You can see crude oil markets up slightly still below 45 a barrel following developing story from london, a van plowed into a group of pedestrians outside a mosque injuring ten people it happened as worshippers were leaving evening prayers. Metropolitan police say the driver of the van was taken into custody and theyre treating the incident as potential act of terrorism. Almost one year since britain voted to leave European Union. Formal brexit talks begin today. David davis is meeting with eu chief negotiator in brussels that kicks off the process that must be completed by march, 2019 discussions come less than two weeks after Prime Minister theresa may and her conservative party lost the majority in parliament, adding to further uncertainty when it comes to these talks. And becky alluded to this in other politi
So tastes like a guinness. A little early. Im Andrew Ross Sorkin. Joe kernen is here becky has the day off. A lot of news to get to. Dow up about 26 points nasdaq up about 5, s p 500 up about 2 1 2. Lets show you overnight in a a asia, green arrows across the board. And european equities well also show you, its green, green, green. And if youre buying wti crude by the barrel, oil is moving higher on news of a sharp drop in u. S. Oil supplies wti crude right now at 48. 29 today well get an Interest Rate decision from the fed this afternoon. Wall street is widely expecting policymakers to keep rates unchanged. Big focus is what the fed says about inflation. Well have full coverage beginning at 2 00 pchl we have 175 s p 500 Companies Reporting this week. Today its boeing, cocacola, ford and among all the names youre seeing there. But well get that before the opening bell and then we hear from facebook, gilead, whole foods after the close. And viacom looking to make a cash bid discovery al