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We begin with a teching wreck on wall street. The fang stocks stumbling, all posting big big losses the past few days is this fangfree fall taking down the Broader Market tim . Some cht frank free fall is something i think we saw three to six months ago. Clearly with the regulatory headlines on doj in june big moves facebook and google have had a tough time getting out of their own way amazon got back up to alltime high has not exceeded that ill let the chartist tack about that but when you think about the market for the last month and four or five months yes we saw the interesting rotation into cyclical stuff a month aigt. But really the defensive rotation is something thats been alive and well for plshl six to nine months as evidence by utilities thats an environment you cant see fangout perform and the multiples caught up to the stocks i know the multiple on google. Not so much. I know the multiple on facebook, not so much. But ....
Taxes on people in certain locales. Officials from new york, ohio, pennsylvania and virginia testified. This is 2 1 2 hours. The subcommittee will come to order. The subcommittee on select revenue issues is gathered and how this armed schools First Responders and housing values. Before i begin my Opening Statement, i would like to yield to richie neil for his opening remarks. Thank you chairman thompson. I want to acknowledge you and the other members of the sub mindy on revenue measures who are indulging me with some time to speak at this important hearing. Your leadership on both this hearing and the Membership Group is important to congress. I want to take a moment to express my gratitude to the witnesses who have come to give their testimony today. Former mayor of springfield, i can tell you firsthand, my expe ....
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft hein ....
Eliminate the Affordable Care act individual mandate. 9 00, an assistant secretary of east Asian Affairs gives analysis of the trip to asia by President Trump. Caller good morning. Host lots of headlines coming out of capital this week from tax reform to health care and gun policy to allegations of Sexual Harassment and how both parties are responding. It we want to get all of your thoughts on this. Democrats 202 7488000. Republicans 202 7848001. , 202 7488002. You can also send us its we or a spoke. Com. Congress this week is our topic. We want to get your thoughts on all the different stories are in lets take a look at the front page of two national papers. Times. The Washington Times, the new york face ....