Project 2025 tax project 2025 tax plan would cut taxes for households making more than 10 million a year. By an average of 2. 4 million a year. Which is great news, for the hyper wealthy. But what about for the rest of us . This is a visualization of the added tax burden for these middleclass married couples with two children under project 2025 tax plan. Families by that description that make anywhere between 35,000 a year and 175 a year would all see their taxes go up. A married couple making a collective 80,000 a year would see nearly 2000 more in federal taxes a year. The same is true for single americans. Every american making between 75 and 85,000 a year would see their taxes go up. There is a very good reason that donald trump claims to have nothing to do with project 2025 every time hes asked. Now, compare the nonsense in here to Vice President harriss tax proposal. At the core of the proposal is a continuation of the Biden Administration promise that no one making less than 400
Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
Satellite monitored assassination more details emerge on how irans Top Nuclear Scientist was killed last month and as bush fires forced evacuations again in a stray Scientists Say 2020 is on course to be the hottest year ever. And im far as small have all the days for it including a sea lion restore their 5 point lead at the top of syria with victory over sampdoria. We begin this news hour with the continuing fallout from the coronavirus pandemic more than 100000 people were admitted to hospital in the United States on sunday alone thats the highest on record since the outbreak the virus is now also killing more than 2000 americans a day thats 2 people every minute nearly 33000000 people in the state of california are. Now under state home orders aimed at slowing the spread in south korea the president there has deployed the military to help with expanded coronavirus testing and tracing more than 600 cases were reported on monday thats the 30th day in a row of triple digit increases an
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
For a supercharged economy next year if we get a stimulus package. Traders are already betting on vaccine hopes. Joe, the u. S. Stock market had one of its best months in november. The s p 500 surging 11 . It feels like we are on this track to keep on hitting these lofty highs. Joe it is really extraordinary because yesterday we talked about november was an incredible month. Lots of followthrough. You e th indices in the green today. Once again, we see this speculative exuberance starting to build up. Look at this coal volume. Absolutely surging. If you look at anything today that was back to normalish, it was all highs. Chart of pull up a nordstrom are macys, romaine blackberry shares. [laughter] it is like a blast from the past. Joe anything that was old or forgotten about, it was hot today. Feels like that exuberance is starting to build. Romaine you are seeing investors come off the sidelines. Take a look at the vix because i do not know if it i do not know if the signal is. Some p