Things you guys are talking about. They do share buybacks and other financial engineering. How can you guarantee that wont happen . Look, weve heard that numerous times. If thats our worst case scenario, that companies repatriate their money and use it for share buybacks and dividends, what happens . They buy back shares, they issue dividends. We get another 20 tax on Capital Gains or dividends, and then the people that get that money back do what . They reinvest it back in the economy in new investments, in new capital where its putting some very enticing rule into the system that will entice people to invest capital for the next five years. Were giving people a five year writeoff that they can instantly expense. If that happens, thats fine. We know that money will get invested in the economy and drive jobs, economic growth, wages and prosperity. Right over here. Gary, youve been asked the question twice, and you didnt answer. Id like to get you to answer this because i get your messa
Need to be taken into consideration. Were covering them all. The president taking a big step today to help relief efforts in puerto rico. A live report from san juan coming straight up. Three months after a gunman nearly killed him on a baseball diamond, congressman Steve Scalise returning to capitol hill. The emotional response from his colleagues in a moment. Lauren back to the markets. The dow closing higher second day in a row. Nicole petallides watching action on floor of new york stock exchange. Investors looking at mcdonalds today. They like what they see, nicole. No doubt a nice upgrade giving boost to macdonalds. Majority of points thanks to mickey ds. It was up 2. 2 . Upgrade from Longbow Research to a buy rating helped boost the stock itself and added maybe 25, 28 points to thedown. Exxon, unitedhealth, american express, other winners there. American express new annual high. We talk about russell, talk about s p 500. Look at s p 500. 2510. That is a new record close. With th
People who are currently paying 15 would go to 12 . Then a new kind of interim bracket, but they didnt clarify it, 22. 5 . 25 bracket, a 33. 5 bracket 32. 5 bracket, a 35 and 38. 5 would be the highest income. And they would eliminate what they call that bubble. That was a problem with the house plan which was 39. 6 . They did not give us the income breakdown. Believe it or not, liz, theyre still trying to work all of this out to bring it in for scoring. Now, the tax reform brackets, again, the house has four, the senate has seven. The top tax bracket in the house, 39. 6 . In the senate it would be 38. 5 . The Corporate Tax rate, 20 . Both agree on that. But as Maria Bartiromo first reported this morning, they will delay it in the senate one year. This was unacceptable to gary cohn and to President Trump, but steve mnuchin, the treasury secretary, told Maria Bartiromo hes willing to work, the administrations willing to work with the house and the senate on this oneyear delay. So all ey
Reports on the state of the Russian Investigation and timing of james comey getting fired. As the president himself is speaking out with new details in defense of comeys firing. What we know about that now. Obamacare in freefall. One of the nations Largest Health insurers quitting entirely, all the health exchanges, all over the country by next year. I was one of those states and iowa senator chairman of the Judiciary Committee, Chuck Grassley among our guests this hour, will respond democrats claims that republicans are now to blame. Melissa dow lower for Third Straight day. It is negative or the week to snap a threeweek winning streak. Ashley webster on the floor of the new york stock exchange, watching a sector get hit especially hard today. Ashley . Ashley melissa, the retail ice age we talk about it all the time, the Big Retail Stores struggling against the online juggernaut that is amazon. Check out macys, down 17 on news samestore sales for macys down 5. 2 yearoveryear. So on an
Congressman brad sherman of california on the trumpcomey soap opera. Arrests at the border hitting a 17year low, migrants shaken by the Current Administration sharp line approach as the president meets with Homeland Security Republican Leaders in dc, work on sweeping changes to policy, one man has decided to walk the 2,000mile long border in someone elses shoes, professor mark cai, this taking oeddessy, the man walking the entirety of that border coming up in 15 minutes, what he says hes discovered on both sides of the line. Hes been on ranches. It will stun you. Amazon made the hitting new highs bring brick and mortar are on ice. Why are not one but two money guys saying not all of the sectors should be left, the amazon proof stock you need to look at. Less than an hour to the closing bell. Stay with me. Charlie is with me, lets start the countdown. Liz we have now have 58 minutes before the closing bell rings. Breaking news, dow and s p are trading and poised to end negative for the