Would show that companies dont always use the asset when theyre repatriated to invest in manufacturing, jobs, things you gees are talking about they Share Buybacks and financial engineering. How do you guarantee that wont happen this time so, look, we heard that numerous times if thats our worstcase scenario that companies repatriate their money and use it for share pbuybacks and dividends, what happens . They buy back shares, issue dividends, pay the repatriation tax, we get another 20 tax on Capital Gains or dividends and the people who get that money back do what they reinvest it back in the economy in new investment and new capital. Were putting very enticing rules into the system that will entice people to invest capital for the next five years. Were giving people a fiveyear writeoff that they can instantly expense. So, look, if that happens, thats fine, we know that money will get invested right back into the economy and drive jobs, drive economic growth, drive wages and drive pr
Going to thaerhear a little about that over the next couple hours. Hes going to join us, famed economist Robert Shiller, cnbc exclusive, to find out what he thinks about people using, yes, bitcoin to buy real estate thats a story were going to cover and ask the professor about it. Amongst other things as well. Geeky valuation questions. No. Yes i studied cfa for exactly this reason i con not rate. Were going to start with health care and a number of health cares from President Trump today on Drug Companies. Health care stocks taking a hit on those comments. Eamon javers is live at the white house if more on that. Reporter here at the whouit house the president of the United States scheduling an impromptu surprise press conference, brought a normal of us reporters to the rose garden, gathered around the podium the president came out with Mitch Mcconnell, republican leader in the senate the purpose of this gathering was for the president to say his relationship with Mitch Mcconnell is be
Like this. Shanghai composite having another tough night. Sliding another 3 . Nikkei weak three quarters of one percent. Hang seng and kospi fractionally better. Facebook is the one to watch today. Socialmedia giant handily beat expectations last night. Revenue soared better than 50 in the Fourth Quarter from a year ago driven by mobile, the stock jumping in premarket. Take a look where facebook shares are. We are expecting a big move on the upside for facebook. More troubles, federal inspectors finding, quote, deficient practices at one of the companys Lab Facilities posing a threat to patients safety. Leader of malacia group that was occupying refuge now calling for holdouts to go home. Three people were arrested yesterday. At least five other left the refuge through fbi checkpoints. Now at least sis cases of this virus included in new york, Delta Airlines now joining united and american allowing to cancel to areas where its affected by outbreak. The last gop debate before mondays io
Today. Workers are expected to vote on a very important contract proposal today. It could effect nearly 200,000 people. There is outside the offices this morning where that vote and discussion is taking place. Janine de la vega will have more on how it could effect the commute in just a little bit. Thank you for wakingen with us on this friday morning december 27th im pam cook. What day sit again . Friday. Just double checking. Im brian flores in for dave clark today. Rosemary in for steve. How are you . Im doing okay. Tgif to you. Hopefully you have a great day in store. Hopefully you have the day off. We have better air quality in the forecast. It is slightly better. I think saturday will be slightly better than this. A comparison from yesterday into today. Most areas still in that shade of orange. Meaning if you have asthma, respiratory issues, this is where you need to consider maybe not having such or not prop longing that outdoor activity. But in the inner eastern zone weve got y
Gallup puts the president rating at 38 , and the Washington Post, abc news poll finds 36 of americans approve of the job trump is doing. 58 disapprove. Now 48 saying they disapprove strongly, a level never reached by former president s bill clinton and barack obama, and reached only in the second term of george w. Bush in this poll. The partisan breakdown of the Washington Post poll shows 82 of republicans approve, down just slightly from april, while the president dropped six points to 32 among independents and is at just 11 with democrats. New nbc news wall street journal poll of counties of his victory and of the ones he flipped from obama in 2010 12 his approval rests at 44 and health care the Washington Post abc poll shows half of all americans prefer the Current Health care law, about onequarter want the republican option being pushed right now. 17 would prefer Something Else all together. Joe . Yeah, bob costa, let me bring you in there. So much to unpack. I want to get to healt