Feds final meeting of 2017. Jim lebenthal, the question is this will we look back and say this marked the beginning of the end . I dont think so. First off, this particular move is well telegraphed so the market expects it and the question of what will upend this market is any time you see Profit Growth in any way interrupted, and on that front its hard to see anything coming up look, you wont have any news until the middle of january or early january when Companies Start to report and they are more likely to be positive, particularly if a tax bill does get inacted even if theres negative news. They will be looking forward and feeling good about the tax bill. I dont see the fed on this rate hike or anything they are doing in 2018 overcoming the Profit Growth they are looking for in 2018. Joe, a consistent path of tightening does that mark in any way the beginning of the end of the bull market, one of the greatest that weve seen, that has raged since the depths of the crisis since now,
Committee have been invited to that meeting. Adam shapiro has all the very latest. Adam . Reporter neil, some of the parameters of the deal we already know. Remember all of this has to pass what they call the byrd bath. It is being scored. If it doesnt pass or meet reconciliation guide lines in the senate and they have to go back to the Conference Committee to work that out. Here is what we know. Corporate tax rate, 21 . Top individual rate, 37 . You would be able to deduct 20 reduction from your taupe rate, top income rate if youre a small business. Mortgage interest deduction, this was agreed two days ago. Interest deduction on mortgages up to 750,000. As you pointed out the president is going to be having lunch with republican members of the Conference Committee, conferees. No democrats were invited to this here is what chuck schumer, Ranking Member in the senate had to say about where tax reform is headed. It is hard to believe they could make this new tax proposal even worse for t
Live from new york where business never sleeps, this is squawk box. Good morning welcome to snark box. And whats new about that andrew is off today sitting in with us for the hour is Peter Boockvar, editor of the boock report very clever. Well done. Boock report yes i like it also a cnbc cribber we have a lot to talk about. Lets start with the u. S. Equity futures. Rattled rattled. Dow was down by 16. The s p was off by 3 nasdaq down by 10. Its the first time the nasdaq and the s p have fallen in 2018 it had a sixday winning streak up to that point well watch things this morning. Right now modest advances with the dow futures indicated up by 20 points. S p up by 4. Nasdaq up by 7 well see. Still early in the session well see as we head towards that opening bell what will happen overnight in asia, stocks in hong kong closing higher for the 13th day in a row, extending the record rining stre inwinning st index. Shanghai up by 3. 2 the dax is the biggest decliners of europe, down by 0. 2