The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Lord of heaven and earth, we give you thanks for giving us another day. Darkness descends upon us as the days grows shorter and the cold chases us to withdraw inside. Be for us the light we long for. The very promise of change creates expectation. Of your st hints dawn, banish all fear and hesitation. May those who live on the margins of americas rich blessings have peace and prosperity, too. Of your dawn, banish all fear and because you are always faithful, strengthsen us with your mighty arm that this congress may be unified in lifting your people to renewed hope. May all that is done in the peoples house be for your greater honor and glory, amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. For what purpose does the ge
Passed the tax cuts jobs act, which is i believe, in the interest of the American People. This is a bold plan that will overhaul our tax code and unleash the Free Enterprise system. It lowers tax rates on businesses of all sizes, so the job creators can focus more on brady not only more work to their workers, but also hiring more workers, increasing paychecks and growing a competitive marketplace, all ar ound the world. We are trying to expand our economy and mr. Speaker, theres nothing more important for any member of this body than to know that the things happening within their own local communities are about the ability for people, people whether they have just graduated from high school, from whether theychool, graduated from college, or whether they are looking for their second job or a longer career. To be successful in the marketplace in their own area, in their own home. Not having to move somewhere to find a job, but within their own community. Thats what were trying to do. We
Grasso not bad better looking so nice at this time of the day . No one is better looking at this time of the day. I saw you in makeup need some ice packs you dont need makeup you need a surgeon more powerful than a brush dont we all. We will need something more powerful than water. You guys are Drinking Water hot water with lemon. U. S. Equity futures, markets closed at record highs again dow futures up by 24 points, nasdaq down by a half. I think the zp s p closed up 14t of the last 15 sessions. And picking up steam. The s p 2534 right and were not that far from 23,000 at this point who knows whether we get there 14 , 15 on the dow for the year its supposed to be mid Single Digits thats all we deserve. How long have people been saying the market is overvalued . 2200 you can say more than that it keeps rolling you cant short it. Dont chase this rally. Lets tell but news just out. Pepsico out with earnings. The company is in with much stronger than expected numbers core eps 1. 48 compar
I might have met one yesterday, patrick harker. The new philly fed president. Has a business background, academic background. Went to the university of delaware. Interesting guy. Has a Civil Engineering degree and a master in economics. He was trying to be a homer. I know. I got it. I was ignoring it. Thats your first meeting with this guy . Yeah, it was. Hes not as hawkish as charlie plosser. Much more down the middle. Love charlie. Hes on board with a few rate hikes, but not in a hurry to do more. Three more or three total . Three total. Two more. We had kashkari on yesterday. I know. I saw that. You did . I read the transcripts later. You did . Yeah. Some people with that viewpoint like the interview, my viewpoint. You heard, if you read you know what i was saying to him, i think hes crazy. Right. Because youre close enough to the statistical Inflation Numbers to where if youre at all forward thinking at all, now is the time. He just kept trying to defend that position. I thought wh
London. Manus first up this morning, world stock markets are on track for the worst quarter since 2011. The last few months have been a volatile trading period. 11 trillion off the value of global stocks. Francine lets take a look on the quarter that was. The quarter to come, mark bar ton, may be a fed rate increase. Raisewill the fed Interest Rates . Futures tell us it is unlikely. Will we get more q. E. From the ecb . The Third Quarter ends. This is my favorite start of the day. The World Exchange market capitalization. The market capitalization of all Global Stock Markets. Have a look. This is the year to date chart. Look at the headline. It says what it says on the tin. Global stocks have lost 11 trillion in the Third Quarter, the worst three months in four years. A, chinas economic slowdown. And b, uncertainty over when the fed plans to raise rates. Of those twofect factors have been felt across all asset classes. In equities, only a handful of Global Stock Markets out of the 93 t