Testifies the 2024 tax Filing Season and President Biden 2025 budget request for the agency. During the hearing the commission from the Senate Finance committee and irs efforts in improving Taxpayer Services. [background noises] finest commando come to order. Today, the Committee Meets to discuss irs budget and tax Filing Season was closed yesterday. I want to thank commissioner for being here on a very busy time for everybody at the agency. There are lots of issues to discuss. One that is certainly important to the American People direct file. Anyone who denies the direct file pilot was a huge success,re my guess is you are living in another universe but its open to a fairly small percentage of taxpayers but the reviews i got from its initial users were overwhelmingly positive. It seems like a whole lot of people were very stunned that a federal agency, particularly one as frequently vilified as the irs was able to build a helpful website that works. The tens of thousands of taxpayers
Noceps whatsoever, or does it . If rates go higher, you have to sell stocks. If oil goes higher, you have to sell stocks. Thats what september taught us, right . Dow finishes off 69 points, but the s p advancing. Most importantly, the nasdaq is gaining after being crushed. Yesterday was hideous. How is this comeback possible . Is it fanciful or real okay we got oversold. Thats all we have stocks that have been dropping for days, weeks it hasnt mattered at all until today. Why . First, we are about to turn the page from september, particularly if september is bad. If september brings rain, october bears fruit. There is too much history of that happening you cant afford to ignore history. That makes for bad choices oil is soaring second, and perhaps more important, i tell members of the cnbc investing club we use something thats objective to pay Service Called the s p oscillator i use it to measure when the market is overbought or oversold i know this kind of thing probably sounds like g
Those losses right after the numbers came out. And one of the reasons facebook shares may have traded lower is because the stock had run up so much in anticipation of strong earnings in a quarter where the company beat pretty much across the board. Revenue, earnings and user numbers all better than expected. Cfo david wayner who we spoke to right after those numbers were out telling us that video as well as growing engagement particularly on mobile devices are factors driving results. We have nearly 1. 5 billion users on facebook. Thats nearly half the worlds online population. And thats growing very nicely. We added 173 Million People to facebook year over year. Thats our strongest growth in nearly two years. And those people are coming back. Weve got 65 of our monthly users coming back every day. On the Earnings Call were going to be looking for more insight into the success of those video ads as well as the role of instagram ads. And were going to be looking also for some details on
Warning of yet another pullback in home prices. We have all that and more tonight on nightly Business Report for tuesday, october 7th. Good evening, everyone, and welcome. Stocks took a real tumble today. Closing at a twomonth low on weak manufacturing data out of germany. The economic engine of europe, and deepening worries about a slowdown in Global Growth overall. Thats after the International Monetary fund trimmed its outlook for Global Growth this year and next, singling out the troubled economies in europe, japan and latin america most especially. With that, stocks here sold off sharply after they did in europe. On wall street they began the day lower and stayed in the red all session long. They sank further into the closing bell. And the final numbers were brutal. The dow, off 272 points. Worst day since the end of july. The nasdaq was down nearly 70 points. And the s p 500 dropped almost 30. Sara eisen with the weaker forecast around the world as well as the one bright spot. Re
Again, but now some experts are warning of yet another pullback in home prices. We have all that and more tonight on nightly Business Report for tuesday, october 7th. Good evening, everyone, and welcome. Stocks took a real tumble today. Closing at a twomonth low on weak manufacturing data out of germany. The economic engine of europe, and deepening worries about a slowdown in Global Growth overall. Thats after the International Monetary fund trimmed its outlook for Global Growth this year and next, singling out the troubled economies in europe, japan and latin america most especially. With that, stocks here sold off sharply after they did in europe. On wall street they began the day lower and stayed in the red all session long. They sank further into the closing bell. And the final numbers were brutal. The dow, off 272 points. Worst day since the end of july. The nasdaq was down nearly 70 points. And the s p 500 dropped almost 30. Sara eisen with the weaker forecast around the world as