When the jct, the joint committee on taxation, released a dynamic estimate of how much growth they expect this tax plan to generate. And its a lot less than republicans were hoping for. The jct estimating the tax plan would generate 407 billion in additional revenue over the next decade and that is not enough to cover the 1. 4 trillion cost of this tax plan. The Senate Finance committee putting out a statement saying that this analysis is curious and deserves further scrutiny and they emphasized that the final version of the tax bill is not yet complete it is still being hammered out on the senate floor. Another important thing to note is that the jct assumed a very aggressive response by the Federal Reserve to a strengthening economy. That is also very different from what we have been hearing from jay powell and janet yellen over the next few days. So even if you discount that, however, there is no way, according to the jcts analysis, that the republican tax plan will pay for itself.
Report it is 11 13 pretty good for senate time. I would like to call on senator markey. Thank you youre just as good [inaudible conversations] Grammar School you got that whole break in perfectly. Net neutrality, in december federal trade Commission Commission or mcsweenny wrote, quote, scrapping the fc cnet neutrality rules will harm consumers and content creators and federal trade commission is not going to be able to sop it. The federal trade commission does not have specialized expertise in telecommunications. We dont have engineers with Technical Expertise in data Network Management practices. These are very real and significant limits to effectiveness of the federal trade commissions tools in ensure ising that networks are open and free of harmful discrimination. Mr. Do you agree with commissioner rick. I share a lot of scept kism and concern and i would also add that given ongoing litigation and rule technician in the ninth circuit ftc may face unlevel Playing Field where some m
Nearly 14 billion both stocks on the move. Ross, what do you make of this there was a swerve over the last two days about them buying slack. Which is a sass based business in the tech world. They surprised everybody and buy a physical retail e. I think about the store they opened up in seattle as a test maybe they learned something there and thought this could be a trojan horse, not just b about food, but about physical location if you think about how much data they have on all of us and what we purchase and they put a ring around the dma or the local piece and start filling those stores with more than just food, it becomes really, really interesting and scary. Not only retarials, but is this a shot across the bough of every company not named amazon, alphabet, apple, et cetera you know where im going with that well, look, apple is one of the most successful retarials of all time people forget that but the apple stores i think per swear foot, theres nothing else like it, including anyth
Headquarters in london. Im manus cranny. Now chinas president xi jinping landed in the u. K. Last night to a red carpet reception. And it is perhaps not surprising that he is being given a royal welcome. David cameron said the visit will bring more than 30 billion pounds of worth of deals and investments. Caroline hyde joins us. Good day to you. President xi will meet the queen later today. Tell me about the financial benefits, the deal that we expect to be announced. Caroline you said it. 30 billion pounds worth. Almost 4,000 jobs. Almost every Industry Group can be a winner here. They are able to access the consumers in china more. Structure within this visit. We understand xi jinping will be traveling to manchester. It is going to be Energy Winning out. Im sure it is going to be finance winning out as well. Energy. Were hearing over the potential deals, money coming in to help finance but also design, build Nuclear Reactors here in the United Kingdom. Were expecting Chinese Companie
Ge has more cash to do things with. Time and mens fortunes change. You go with the flow. Every time they do a deal, they say its great for both parties. Stock goes up in one case and down in the other. Ge is in one, can use the money, comcast in another and actually worked. Worked out well. Comcast has a great set of assets now a ge has cash to invest in what they want to do. We all do it differently in our times. Jack, we love you, on valentines day especially. Happy valentines day. Merger thursday with all these deals. Huge day on wall street. Almost 100 million in fees for the banks. Center view bank. Make sure you join us tomorrow. Happy valentines day. Congratulations to squawk. What a breaking news. Warren buffett making a big deal with heinz. Im Carl Quintanilla from the stock exchange. Kramer is off. We hope aol call in. Heck of a week to take a vacation, one of the biggest months for m and a. Yeartodate, m and a volume up 25 . Berkshire hathaway, 3g buying heinz for 72. 50 a s