Cofounder, welcome to you busy day, good day to have roger on the set another record setting day on the street biggest gain for stocks on tuesday. Rally being driven a lot by tax reform optimism. Bitcoin stealing some part of the story surpassing 11 k less than 24 hours after breaking 10 k. It has backed off that price were learning nasdaq is reportedly planning to launch Bitcoin Futures in the first half of next year. Thats according to dow jones. There is a lot to tackle roger, bitcoin news rortation between sectors as people watch this tax bill advance. Whats the lead for you. To me the bitcoin thing is a phenomenon at this point its really hard to know what to say. What do you do when the thing is going up 10 a day, whole asset class going up 10 a day, youre obviously not doing this on fundamentals theres a lot of enthusiasm here to me what really matters is where does it land what role is it going to play in the economy going forth, because its clearly worked brilliantly as a trad
Ver, onetime Bitcoin Jesus. Hes here to tell us why this is just the beginning of the rise of bitcoin cash. And were going to switch the bug. Switch it from bitcoin to bitcoin cash the newlyadded coin has been extremely volatile since being added to the platform. Its a crazy bitcoin world out there. Were going really large tonight here on fast. First we start with the tax cut. What all of wall street has been waiting for, as both chambers of Congress Pass the bill and President Trump took a victory lap at the white house ylan mui is in d. C. With the details. Reporter melissa, it was a washington love fest there at the white house, with many people thinking that republicans wouldnt actually get this done before christmas but the party rallied around this bill. They put aside some of the infighting that had plagued the gop earlier in this year to stand behind the president its been an amazing experience i have to tell you hasnt been done in 34 years but actually really hasnt been done,
Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
Benefits of tax cuts of bonuses, higher wages, more hiring in more investment. Its the great corporate pass through. More announcements are likely. Tax cuts showing positive economic results. Democrats are still making some very dubious claims. For example, nancy pelosi says raises taxes on 86 million middleclass families. That is factually wrong. It is dishonest political spin. The left plans a yearlong allout attack like about when you just saw. Investors clearly approve however the tax cuts and what theyll do for economy for wages jobs and investments. Stocks going up this morning. We dont know how the market closes this afternoon, the president and his top economic adviser both talking up the market today. It will open high gear. Later this morning, Congress Holds a tax plan signing ceremony and you will see it. Varney company is about to begin. We will start with this. A white suv plowed into a crowd of pedestrians in melbourne, australia. We want to know who did it and are the au
And this is a Business Update tech firms are lining up to go public you could soon be buying a slice of the likes of spotify and dropbox analysts say the market for initial Public Offerings is that cold could total two hundred ninety billion dollars and twenty eighty but the biggest i. P. O. Expected isnt a newfangled startup. If Saudi Arabian oil mommas goes ahead with its sponsors sell five percent of its shares on Global Financial markets it will be the largest i. P. O. In history with up to one hundred billion dollars that could happen in the second half of the year. What music streaming platform spotify is doing is somewhat less than and. Its a direct listing avoiding raising capital and diluting already existing shads spotify has already raised more than a billion dollars from private financing in fact Many Companies are flush with private financing and dont need stock market cash right sharing company lyft just got a billion dollar injection from google parent out for that but i