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Normalize relations between isra and the arab nations. Also middle east policy goals for t Biden Administration challenges posed by irannd the israelipalestinian conflict. Ladies and gentlemen, please welcome David Rubenstein come present of the Economic Club of washington, d. C. Welcome everyone, to our ninth virtual signature event of our 35th 35th season but its really not completely virtual because for the First Time Since covid has hit we are actually having live guests here today and its because its a special program and i want to thank our live guests for coming in at participating and a unique programor us because we have been doing everything virtual for almost nine months now i guess it is but our guests are here to talk out something very special ....
Next, legal and tax historian discusses is both making the modern american fiscal state. Law, politics and the rise of progressive taxation. 1877 to 1929. He explains how and why the United States shifted from generating most of its revenue from aggressive consumption taxes to a more direct and progressive tax on income with the passage of the 16th amendment. The National Archives center for legislative archives posted this event in december 2014. Thank you for attending todays researcher talk. Im richard mcculley, todays top is the last of 2014. A year when weve really been treated to some splendid presentations by some of the centers most significant researchers. That said, we end the year with a bang and todays guest will discuss his significant and timely book, making the modern american fiscal state. Law, politics and the rise of progressive taxation, 1877 to 1929. Pub ....
Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like thi ....
Veterans day as we thank those who served us in the past and continue to serve us today im becky quick along with joe kernen along with Andrew Ross Sorkin things are in the green once again. Looks like the dow is indicated up by about 181 points and if we were to open at these levels and hold it through the session, you would be looking at the dow closing at a record high it has been up six out of the last seven sessions. Up another 626 points yesterday. Dow futures are up, s p futures up by about 26 and then the nasdaq, which has been the weaker part over the last several sessions, down more 1 , actually indicated higher today as well. Up by about 130. The bond market today the is closed in ob sservance of veters day. Well talk with David Petraeus later this morning andrew thanks. And an important day in the United State ....