Say it like we hate it. As the white house and the gop leaders continue to push their plan for tax cuts, some firms on wall street appear to be growing skeptical. And that could spell trouble to President Trumps signature issue. According to the washington post, bank of america economist are calling the republican proposal a quote fiscal sugar high for somebody who drinks mountai mountain dew, i kind of like that. Morgan stanley claims any positive effects from the tax cuts would be shortlived and ahead of Goldman Sachs saying that the economy is doing well and tax cuts dont need to be a priority. So what would the tax cuts mean for normal folks . Well, independent experts have been analyzing the senate bill and the predictions are clearly split along some partisan lines. The leftleaning Tax Policy Center is out with a study that says under the First Year Senate plan, 9 of americans will see their taxes rise. 50 of americans will see their taxes go up after a decade. But the conservati
The kill bill stars angry me too message telling all to stay tuned this morning. Thanksgiving miracle. The 2yearold in desperate need of a kidney transplant to survive. Why the lifesaving operation was postponed and the hero who came to the familys rescue with a priceless holiday gift. And good morning, america. We are so happy to have you on this black friday morning. You know, it is the super bowl of shopping for some. Opening day shopping frenzy has begun but not every store is giving those frantic and crazy crowds like they used to. Take a look at this video. A news crew set up inside a store ready to capture the mad rush. The doors open and its just one guy. Thats it. Just that dude with the red backpack. It could be a sign of the times in this age of Online Shopping. We should say this happened over in london but they are apparently into black friday over there. Back here at home were going to begin with the black friday shopping. Some Stores Opening their doors at midnight and a
Tuned this morning. Thanksgiving miracle. The 2yearold in desperate need of a kidney transplant to survive. Why the lifesaving operation was postponed and the hero who came to the familys rescue with a priceless holiday gift. And good morning, america. We are so happy to have you on this black friday morning. You know, it is the super bowl of shopping for some. Opening day, shopping frenzy has begun but not every store is giving those frantic and crazy crowds like they used to. Take a look at this video. A news crew set up inside a store ready to capture the mad rush. The doors open and its just one guy. Thats it. Just that dude with the red backpack. Could be a sign of the times in this age of Online Shopping. We should say this happened over in london but they are apparently into black friday over there. Well begin with the black friday shopping. Some Stores Opening their doors at midnight and abcs alex perez is in chicago this morning with where americans are lining up for the best
That the 85 billion acquisition would substantially lesson competition and also result in higher prices for consumers. In some other media merger news out there, the coke brothers are acquiring time, inc. , two titans that have been struggling. To inject some 500 million of equity into meredith if the deal ends up going through. Ride sharing company uber announcing that hackers stole the personal data of 57 Million People of both drivers and customers. They were able to obtain emails and addresses but not credit card info or Social Security numbers. Now, uber kept the data breach a secret for more than a year and paid 100,000 ransom to the hackers to delete the data and keep that breach quiet. Taking a look now at the markets for you. The dow, s p 500, and nasdaq all hitting records this week. Shares of the retailer amazon hitting alltime high. All major markets closing in the green this week. Maria, back over to you. The media has seen drastic changes over the last year. Martha stuart
And individuals. Later on in the program, author and journalist god an chang joins me and ill ask him about President Trumps successful trip to asia and decision to designate north korea a state sponsor or terrorism we look ahead right now on sunday morning futures. And the gop tax bill which would lower the rates across the middle class is now in the hands of the u. S. Senate. After the break they will come back this upcoming week and decide the fate is far from certain though as a few key republican senators have already come out against this bill. Others say they are leaning against it. So, can the gop get everybody on board and be a successful tax plan and change the code . Joining us right now the man behind the tax overhaul, texas republican congressman kevin brady hes chairman of the house ways and means committee. Mr. Chairman good to see you again happy thanksgiving. Thank you, hope you had a great thanksgiving. Maria listen, we want to talk about this tax bill we know in the