Well talk about that coming up. Speaking of taxes, coca cola ceo tells cnbc what he would do with a Corporate Tax cut well have all of those details coming up. Then theres best buy, its sitting out the rally today. Down pretty sharply. In fact, its off the lows right now. Less than 4 decline is the iphone to blame, iphone x to blame we have a debate on best buy coming up here. We begin, though, with the breaking news. Stocks hitting session highs as the house passes the tax bill. Ylan mui, our intrepid reporter on capitol hill has the latest for us right now ylan reporter bill, that final tally is 227205, that is a comfortable margin of victory for republicans. They said they were going to get this done by thanksgiving. No one really believed them. They were able to pull it off. Republican leadership held a press conference to celebrate. From the very start, we said that failure is not an option and the president and his team have worked so constructively every step of the way with us.
Anna good morning, everybody. Looks to you what has been happening in the Asian Session and what we expect for the session in europe and the u. S. Tax. E all about the stock futures and the dollar, the Market Reaction we are seeing broadly focusing on the tax. Not being distracted by trumps tweets and the activity over the weekend over the role of the fbi, Trump Administration, and ongoing investigations. That is not dominating the market news flow. What is dominating is the Senate Passing its tax legislation over the weekend. Futures demonstrating that. All of the major u. S. Indices higher on the trade today. The dollar index following with point 3 . We are seeing yen weakness, which is not helping. The yen weakness not helping. We see the asian equities session, in contrast to u. S. Futures, in limbo. There is a warning of frothy markets. Goldman sachs talking about valuations of prolonged bull market in stocks, bonds, and credit leaving measures of average valuation the highest sin
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov
You see it not yet Companies Say theyre adapting their. Share Database Technology that allows two disparate bowmore to a more disparate and cities to deal with each other without a third party so a lot of lip service but why would slowing them down do you think well a lack of understanding number one the result of dealing with a block change see what the blood chain does is it out to disparate to and what this report is to work with each other so if your Business Model is predicated upon charging these two businesses and cities then youre putting yourself out of business so banks Brokerage Firms exchanges really dont want to put themselves out of business so theyre trying to modify the technology to make it do something that they want think of the horse and buggy manufacturers lobbying for cars unlikely to happen but its going to have to eventually so that actually get that piqued my interest their show. Are the systems whether or not its Financial Systems but Payment Systems essential
A tax cut package earlier wednesday morning Senate Majority whip john cornyn said i dont want to get out in front of the chairman but were very close the g. O. P. Is hoping to send the official proposal to President Trump by next week. For the third time this year the Federal Reserve has decided to raise Interest Rates this time by a quarter percentage point following a two day policy meeting while officials are releasing new projections on growth and im planning to one say they dont know how the economy would respond to a major tax overhaul just yet and wednesdays press conference was the last for a chairwoman janet yellen who will be replaced by howell on february third. For the latest on block chain bitcoin and other Digital Currency use we are joined by regular middleton the founder of veritasium reggie thank you so much for being here really appreciate your time so lets break this into two parts lets talk about block and then about bitcoin are companies adapting to the block chain