Job for controversial billionaire elon musk. Here s ritika gupta with the details. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include an idea from tesla ceo elon musk to create a government efficiency commission. This would be to eliminate wasteful federal spending a shot at the biden harris administration s spending levels. I will create a government efficiency c
Rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37 . His proposal is in stark contrast to his rival, kamala harris, who has called to raise the Corporation Tax to 28 . Trumps proposals also include an idea from Tesla Ceo Elon musk to create a Government Efficiency Commission. This would be to eliminate wasteful federal spending a shot at the biden harris administrations spending levels. I will create a Government Efficiency Commission tasked with conducting a complete financial and Performance Audit of the entire federal government, and making recommendations for drastic reforms. We need to do it. Cant go on the way we are now. And elon, because hes not very busy, has agreed to head that task force. This comes as both Trump And Harris are ramping up their efforts to court Swing State voters as well as Business Exe
Most like to buy hell join us with that in just a moment power lunch starts right now welcome to power lunch. Im dominic zchu. The Energy Sector is leading the market higher and up around 16 for that sector, its best week ever, ever historic levels. First, its a long, long 2020 for the group here, still down 45 for the year overall take a look at two of the big earnings winners youve got cisco up more than 6 and disney off the highs but still up 2 as its streaming service passes 73 million subscribers. In just the past two weeks, the dow is up nearly 11 for more on the markets now, lets go over to bob pisani with the latest bob. Hello, dom. This week has been about the rotation from growth and momentum into value and cyclical stocks, and thats playing out again today, very similar to what happened in the other four days just take a look here. Good day for energy stocks, good day for bank stocks, good day for industrials. These had great runs this week ener energys up 16 , banks up 12 ,
Data from the late stage kile of its Covid Vaccine and could reveal that data on how things work very soon were keeping our eyes on shares of southwest the airline saying it sees a deceleration in revenue improvements for the rest of the year, carl jim, well start with the balance between these covid numbers and the expectation that winter is going to be tough. But got to say some of the encouraging headlines out of curavac today saying that this might not be something we need every season because the mutation peers less frequent and more stable at basically refrigerator type temperatures. Look, im convinced that the people evolinvolved in this, i n well get good news from all these companies. Havent stopped the times. I expect good news from moderna. I expect good news from j j. I speexpect good news from glaxs behind, but astrazeneca. Here is the problem, carl, i keep thinking what happens, when do we get it when do we go to walgreens and just get it . And will everybody get it . I j
Now kind of buck is liberated a nation is liberated thank you for today god bless you will i 70 words in my heart that i dont know i want to set you. Free ceasefire is the new going to have filed since fighting erupted in september and he hopes this deal will finally bring peace to a troubled region. Well lets get more from Moscow Bureau chief yuri recessed so welcome. Russia stood by and allowed this conflict to happen for weeks so can you now really assist in bringing a lasting peace. Well our show is traditionally feel seen as of the protect of armenia and Peter Bischoff brest secretary of the russian president Vladimir Putin said today earlier that to work on the agreement to end the war in nagornokarabakh began long before the incidental with a russian Helicopter Shot down by his or by johns a debut fool which killed 2 people and sparked the rumors about of the timing for this Peace Agreement some people might to doubt what the pissed off sat as russia indeed for a long time refus