Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
Public eye. Of the nightyearold canceling his public schedule after the summer. Well have the very latest from lon london. Gets the shot. Scores and later, de ja vu all over again. The caps failing to capitalize on the Sidney Crosby less penguins. Now, theyre on the verge of elimination again on home ice. Well have the highlights from game five. Good day at 9a starts now. That appears to be the case. With the caps im hoping not. Its not over until its o over. Its not over yet, right. I dont mean to be tough. Can they pull it off. Of course they can. Come on. Hope springs eternal. One game season. Im just saying. They still got you got to play the game. You play to within the game. Its not over yet. You got to remain optimistic. What happened yesterday to you while i was im sorry, could you introduce yourself. Im a Glass Half Full kind of guy. Since when. Starting today . All this negativity is bringing me down. Lets go ahead with the show. Good day d. C. I dont know who this guy is com
Got to get back in time here is what else is happening at this hour, its a good time to buy a house, if you can find one for sale. Mortgage rates hitting the lowest level since november. The 30year fix now 3. 95 , but housing inventory, the number of homes for sale, remains very low in some cities. The home of the little blue box is giving investors a gift. Tiffany boosting its Quarterly Dividend by 11 and more departures at ford. This time its Global Product Development chief is leaving. Becky, thank you very much. Folks, stop me if you heard this one before its another recordsetting day for your investments. Were in the middle of a sixday win streak propelling yet you heard scott and melissa say i but ill say it again the s p 500 and nasdaq hitting new highs. The dow not far behind. Check this out, the nasdaq is now up 16 of 19 trading days so far this month. That is putting it on pace to have the most up days versus down days of any month since all the way back in september of 1996.
Ranges i agree and it occurred to me again why the market went up yesterday, we just dont know how to enjoy good things, good times. I mean, it really looks like we have maybe progrowth policies, Interest Rates that will probably still stay low. Inflation that probably wont be a problem. Everybody is worrying about Profit Margins hitting peak because wage gains will start hurting Profit Margins its bad for income inequality, but in the meantime Profit Margins stasy sustained. Everyone is saying its overvalued, but are we missing the point that there is like a perfect storm . Yeah, and yesterday you were talking about Profit Margins and once wages go up, Profit Margins by definition have to come down. But i think and im guilty of this all the time. We make this more difficult than it has to be to your point, maybe it is this simple now and i think the intelligence i cant, they try to figure out ways where ty the market will go lower. I cant, they try to figure out ways why the market wi
Lunch starts right now welcome to power lunch. Stocks are lower at this hour. The dow getting another record intro day before the pull back health care attacked the best performing sectors S P Health Care 40 almost flat. Consumer staples off more than 1 good year tire, starbucks and mattel, the biggest drags on the s and a. Exxon, ge and dupont buying on the dow at this hour michelle, thank you very much welcome everybody. Tyler mathisen here. The fda announcing a plan to cut nicotine levels in cigarettes. Commissioner talking about this new proposal at a News Conference a short time ago. The nicotine in cigarettes is not directly responsible for the cancer, the lung disease, the Heart Disease that kill hundreds of thousands of americans every year yes, it got them all dignitied and it kept them addicted for the long term. It got most of them addicted as teenagers. But the other chemical compounds in tobacco and smoke setting tobacco on fire that cause the illness and death, not the ni