People to get health insurance, and a phaseout of the tax cuts. Sahilget the report from kapur, and josh green. Josh is the author of doubles bargain, devils chronicling the rise of steve bannon. Sahil, lets start with you. Is the house coming closer together . Certainly changes take the senate further apart from the house bill. You have a series of its deep cuts that steep tax expire for december 31. To rate was cut from 35 20 . This is going to be a political problem. The optics do not look good. The obamacare individual mandate being repealed, how wide is it for them to bring back this issue . It makes obamacare mixes obamacare with tax reform. Republicans decided this was necessary because they needed. 300 billion in budget saving. Problemare has been a that has bedeviled republicans in congress, but also because if you look at the democratic route , this elections last week takes health care and injected into tax reform. David this was a matter of saying, some of these tax cuts ar
47 in about two days. Gold catching a minor bid. Crude getting killed. David we will break those earnings but lets turn to washington. Puty attorney erroneousstein appointed a special counsel between ties between the Trump Campaign and the russian overnment. Marty shanker is here with us. What is next . Well, i think as soon as he gets on the job, hes going to scope out where his investigation should go. Its interesting. I think Rod Rosenstein just by this appointment has cemented his standing and his power within washington. The only way that any influence the white house can have would be to fire him and that would be worse than firing comey. And mueller is known to be a straight laced case maker and hes going to take this investigation wherever it leads including into the white house. David a lot of praise from capitol hill about the appointment of mr. Mueller. Does this take it away from congress . Does this take a lot of the wind out of the sails and say let mueller handle it . I
The three year came in a little weaker yesterday. We have seen a lot of former buyers foreign buyers come into the tenure market. More fed speak. Minnesotaq a at the business partnership. David westin is with us remotely from d. C. David President Trump is meeting with his Business Council, a group put together by Steve Schwarzman. They come together every so often to talk about things like the tax plan. They also speak about immigration and trade. We will go over to the white house and speak with Steve Schwarzman and some other ceos to find out exactly what they spoke with the president about, and can they get this thing back on track. Alix what is one thing they will be pushing for . David i think taxes is clearly the answer. They really want tax reform. If you go around the table with all those ceos, every single one has a part of taxes that they want or do not want. You put it all together that is the big question on the agenda today. As we just mentioned, secretary of state Rex Ti
Today is looking better. It is full on summertime heat but keep things nice and dry. The humidity slightly lower today. It is still humid out there, but anything is better than it has been. It does stay hot. We are in a hot weather pattern next few days. We need air conditioning cranking once again. Yesterday we hit mid 90s. Today should be in the low 90s this afternoon. Outside right now were looking at cloud cover, last day in the clouds that will be moving off shore after the Morning Hours. We will go pretty much full sunshine a few afternoon cloud start to develop later on. Current temperature 73 in philadelphia. West wind at 5 miles an hour and there you go all of the rain, from those showers and storms last night has exited the region. We will keep things nice and dry, thick cloud cover the from the city on south and east, at the shore points, the beaches, no worries, you well get the sunshine and turnout to be a nice beach day. 68 degrees in allentown. Seventythree in philadelph
Squeeze. Theres wall street lore about Rosh Hashanah and sell yom kippur. Not coming right now. Exactly. An exclusive with the chief Investment Officer at calpers. One of the biggest funds in the world. And if you remember last week huge news by announcing to stop investing with hedge funds. Today, were going to find out why from the person responsible for those zixs. Largest Public Pension Fund. Great point. Because, look we made sure to know theyre the Largest Pension Fund last week. Hows this for a Company Vacation policy . No policy. At all. As in, take as much time as you like. Whenever you like. No limits. Were not talking hypotheticals here. Richard branson whom you see there vacationing as much as he likes at virgin telling the flows today, thats how its going to be from now on. Will it work . A lot of opinions on that. We have the full story coming up. As soon as we finish our vacation. I might give that a try. Yeah right. Exactly. Show you how the markets are trading right no