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they are narrowing down what will be still a very substantial, across the board tax cut, not just the same for everyone across the board. here is what we now know. on the corporate side, we re taking that rate from 35% to 15%. this is the goal. then a 15% tax on pass-throughs, s corpse, hedge funds, real estate entities, a lot of lot of donald trump interests would benefit from the lower rate. standard deduction doubles for individuals and families to roughly $12,600. if that is the case, that sticks, an additional 12 to 15 million americans, who presently go through, detail all their deductions would take the standard deduction. would make their filing a lot simpler. it would not rule out deductions across the board. three rates now. that top rate at 35%. as stuart pointed out here. bottom rate of about 10%. we re going to getting into all of this with kevin brady, man who runs the house ways and means committee. he was for bigger tax cuts the o looking for a border ta ....
stranded in a nightmare. but we begin this morning with a look at today s eye opener, your world in 90 seconds. health care. how about this. tax reform. immigration reform. we re doing very well on them. grading president trump, 100 days and counting. the grades are coming due for president trump. creating jobs, f, draining the swamp, f, . the message, a giant middle finger from kim jong-un. north korea putting on a massive show of force this week. protesters and police clashed in several brazilian cities during a strike against proposed changes in the country s tear rf system. terror on the runway. they re flying. spectacular crash on a mobile, alabama, interstate. the driver stands up moments after crashing and being ejected from the vehicle. police say they re searching for a serial robber. watch as he remembers midway through a hold up to zip up his mask. all that then he takes on the other team. and all that matters. 79t ....
disaster. see how many found themselves stranded in a nightmare. but we begin this morning with a look at today s eye opener, your world in 90 seconds. health care. how about this. tax reform. immigration reform. we re doing very well on them. grading president trump, 100 days and counting. the grades are coming due for president trump. creating jobs, f, draining the swamp, f, . the message, a giant meiddl finger from kim jong-un. north korea putting on a massive show of force this week. protesters and police cedlash in several brazilian cities during a strike against proposed changes in the country s tearf r system. terror on the runway. spectacular crash on a mobile, alabama, interstate. the driver stands up moments after crashing and being ejected from the vehicle. police say they re searching for a sleria robber. watch as he remembers midway through a hold up to zip up his mask. all that then he takes on the other team. and ....
the lowest since october of 15. the road map begins with a rough week for retail. nordstrom and penney are down this morning. nbc s lester holt sat down with president trump and we ll bring you the highlights on russia and more and plus the tweet storm this morning, threatening former fbi director comey. apple is taking aim at another all time high today and two analysts raising the price target. first up though, government data showing retail sales up 0.4 in april. the strongest gain in four months and nordstrom beat on revenue and comps are down 0.8. penney s swinging to the surprise profit, but revenue misses on a 3.5% decline in comps. jc penney is going to give its all time low run for the money today. what can i say? minus 3.5 comps. they did talk about how march and april improved from february. now, kohl s said the same thing. there was a lot of etf selling yesterday. really came off of macy s. ebitda, here 40 million down from 176 last year. there s no g ....
weakness this morning as we get set for the open tim cook wants to quote yell out and scream about ai. we ll fill you in. and the king of snapchat just went platinum. dj khaled is ringing the bell here first up, we mentioned the downgrade, how much of this is digestion of this new fed? well, i m the one to ask that that s a dj. here s the deal. i think that the many people are ascribing way too much to the fed. i think the fed did business as usual. there s a vicious rotation going on it s a continuation of what we saw on friday. if you look at the last 20 minutes of trading yesterday you saw the repeat of what was friday which is a bang down of all the big high-tech stocks and then money back in to retail and to finance i think why people were fooled it didn t go back into oil low tech health care, also higher valuation health care you watch celgene and biotech. watch illinois tool works which is a great tell for the industrial you can watch jpmorgan, you can wat ....