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Driving the u. S. Stock market as well as hopes for some kind of tax cut. Those hopes sparking up again as we have the house passing the budget which in turn leads to higher hopes for a tax plan getting through. All the major averages are up. The russell 2000 of small caps is outperforming again. It is coming back to outperforming, up 4 10 of 1 . This is a small domestic dust and index for small, domestic orient an index for small, domestic oriented companies. Here you have the s p 500 versus the russell since the election. The russell had a big outperform its initially and sort of went sideways for a while, had another leg up in september and has gone sideways and is taking up relative to the s p 500, the relative performance improving as we get this latest wave of tax hopes. There is a Deutsche Bank index of highly taxed companies and low taxed companies. Here is a ratio of the two and the red line goes back to the election. They ....
Hassett linkous insights today on the forces and constraints that are holding back private investment, labor forcedi participation and important, wages go up to get a clear picture of how the right policies can help the economy recover its full potential. The contrasting with the aging of the population, the slowing of the population growth and technological changes that altering the methods of production in america. With selfimposed constraints of also altered the way the economy performs and not in a good way. I certainly we can do something about that here in the United States congress. Id like to divert your attention to the craft showing how the Congressional Budget Office lowered its assessment of the economys output potential every year since 2007 through 2016. These 16. These are not projectionsns of actual gdp my juice but a potential the economys output ....
Year lingered for more than a month. Russia thinks it is sensible to extend the existing deal with opec on Oil Production cuts for at least six months. According to a Government Official with knowledge of the matter, russia exceeded its target of cutting production on monday and the cuts are aimed at firming up oil prices. Opec ministers meet may 25 to discuss extending the agreement. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Live from bloomberg world dquarters in new york, we are 30 minutes from the close of trading here in the u. S. Mixed. Stocks trading after the fed decision. Joe the question is what did you miss . The fed holds rates steady. Interest rates unchanged in the unanimous vote. Another tech giant reported today, facebook reporting firstquarter numbers in a half hour. Can th ....
Money from the International Islamic bonds specifically. South africas controversial president survives attempt to drive him out of office but remains under pressure. The majority of the African National conference wants zoom out. The growing tensions in the gulf with saudi arabia continuing to attack qatar over its ties to iran. Bloombergs executive editor covered this escalating row. It came out of the blue a little bit. You may remember the three countries have withdrawn from qatar over some of this conflict over support of the broad support of the Muslim Brotherhood in egypt. Exploding is suddenly on the scene again after the ciampa visit, after this show of unity of american support for the saudi line on iran. Front, theyunited really want americans support. Now they have trump support on it. And they s ....