Far welcome to squawk alley for a wednesday. John fortt, sarah eisen and myself watching the market creep a little higher. Dow up 37. White house expected to unveil a tax plan later this afternoon. Stev stev Steven Mnuchin gave us a sneak peek. Reporter big tax day here at the white house. Here is what we know about what is in this plan according to a Senior Administration official that gave this tip sheet to our john harwood. Starting with that 15 Corporate Tax rate, a big cut for corporations and also for passthroughs. The top individual rate would end up between 33 and 39. 6 . There is a revenue placeholder that could turn into the border tax. That placeholder is something to watch out for. There will be an expanded personal exemption or child care credit or possibly both. That would be important for the middle class. One issue on the passthroughs is whether or not wealthy americans would use that to incorporate themselves and say, im only going to pay 15 in taxes. Steven mnuchin so
With the product, with the farm, with the information to ultimately make their buying choice easier and inspiring and feeding their family a more healthy, nutritious meal. So i see the landscape looking very different over the next five years, especially as it relates to marketing both not just on air, but social marketing with those iphones that inspire people to eat more fruits and vegetables and drive consumption. All right, paul very good. Five years . I wish i could projection the next six months, but ill give a shot at fife years. And, you know, again, as we come off of the years weve enjoyed over the last tree years three years, i think we come off of those highs into more normalized prices, its going to restore demand. You know, i think were going to see more demand for livestock production and all the things that go with that, our ethanol producers and even biomaterials from agricultural sources will be more competitive economically, and then global trade will also um prove at
Will standing up for you. President trump is working to safely reopen our main street economy. Joe biden want to keep them locked up in the basement. Where joe biden sees american darkness, we see american greatness. [applause] steve last night was night three of the g. O. P. , the rnc. We are going to have complete details on that. But, what a story this morning and its a fox news alert because hurricane laura slammed the gulf coast as night three of the rnc wrapped up. Made landfall overnight as a category 4 storm with 150 mileperhour winds impacting louisiana primarily. Ainsley the winds so strong topping 150 Miles Per Hour. The storm is downgraded now a category 3 hurricane which is still strong. Steve 120 Miles Per Hour. Ainsley exactly. Nearly 400,000 Power Outages are reported in louisiana and in texas. Brian take a look at this the best you can disseminate the storm showing massive size and lightning actually see that from space. Steve unbelievable. Brian we will have Team Cove
This is the Business Briefing. Im sally bundock. The first phase us and chinese officials are set to sign the initial part of a significant trade deal. Well find out what impact itll have around the globe. Amazonsjeff bezos arrives in india for a 3 day visit. But is he being greeted with open arms . And Asian Financial markets are seeing their first declines for five days with concerns us china trade tensions will go beyond todays signing of an initial deal in washington. Lets discuss in more detail now that significant step that is being taken in washington. President trump and the chinese vice premier will sit down and sign a trade deal that could signal the beginning of the end of their bruising battle over the price of everything from soybeans to iphones. Since the start of the trade war, the two sides have raised import taxes on 470 billion worth of each others goods, more than half of what they buy and sell from each other every year. While us and chinese consumers have borne the
Ignore the evidence . New data out today tells us past decade was the hottest ever recorded on the planet. And not one but two anti aircraft missiles hit the ukrainian airliner. This was not a split second decision as we were originially told. They were fired 30 seconds apart. Hello and welcome im katty kay in washington and Christian Fraser is in london. Democrats in the house of representatives have just voted to send the impeachment of donald trump to the senate for trial. In a couple of hours the 7 democratic managers of the process think of them as the prosecutors will formally walk those articles through the halls of congress to the upper chamber. And then next tuesday, for only the third time in american history, the senate will stage a trial to decide whether pesident trump is removed from office. Of course the senates is under republican control there is almost zero chance of that actually happening. But for the next two weeks the country will listen as the case is made that d