States like mine and i would said especially in places like earn oregon where Companies Shut down production in lima or springfield and move to beijing and go a tax break for doing t we want to close that loophole, but you know what, this bill explodes that hoop hoax as i said a explodes that loophole. If a plant shuts down, the company understand this bill would pay a rate of 20 on profits. If it shuts down and moves to asia, it can build a new factory and get a Tax Deduction for moving and still pay a u. S. Tax rate of zero. So why wouldnt they move . A senator would the senator yield . Mr. Brown very briefly. Mr. Sullivan so the issue on Economic Growth were talk about growth. Growth, growth, growth. And i have not in three years three years heard my colleagues on the other side of the aisle say that Economic Growth of 1. 5 for almost ten years is good for the country, good for workers in ohio, good so heres my question. Mr. Brown madam president , i take back my time. Mr. Sullivan
The answer is yes. We have a tax system right now in place and we have a tax system right now and when i hear my colleagues of course we dont like the taxes and we particularly dont like it if states we like mine where the Companies Shut down production in line in springfield and move to get a tax break for doing it. We ought to close that loophole, but this bill explodes that because as i said a few minutes ago if a plant shuts down in kenya or zanesville there would be a 20 on profits and if it shuts down and moves to asia it can build a factory and get a Tax Deduction while moving a [inaudible] very briefly. I y have not in three years heard my colleagues on the other side of the aisle say that Economic Growth of 1. 5 for almost ten years is good for the country, workers in ohio. Heres my question i was yielded to the question if it is a question. Reclaiming my time. T i d. I do not believe itld t is te new normal. Nobody believes that. Of course we dont think 1. 5 is a new normal b
Traffic because they are clearing those lanes. Its a back up we have all cleared. A crash reported around the area, complicating things. Looks like there should be complete recovery. This light volume of traffic. Slowing as the traffic clears from the area. A great drive where the traffic should be light for the cash lanes. Well check that in the next report. Thank you very much. Talking about the verdict that left so many people stunned. A jury of six men and six women handed down a not guilty verdict in the kate steinle murder case. That is sparking emotional reaction across the country this morning. From the beginning, Defense Attorneys for jose zarate says the death was an accident. He found the gun and it fired accidentally. Zarate is in this country illegally sparking a debate on immigration. He will be sentenced on the gun charge in two weeks. Many think its not enough. Pete suratos joins us live at pier 14 where kate steinle was killed. Theres a memorial growing there. What is
Lets take a quick look at the markets after a long weekend not after a long weekend. A week. Nasdaq up 25 points and the s p up. A longer weekend than usual. It was longer for me because i wasnt here friday. Here are the big stories. Greek banks reopening three weeks after they close. Capital controls remain in place including limits on withdrawals and no word yet on when the stock market might reopen. Although some are trying to play this with the etf and trades here. Increases in value and a tax agreed to on the new bailout terms have now taken effect on things like coffee and tea. Well hear more from Michelle Carusocabrera pulling double duty. Lets take a look at asia. It was another volatile session. The shanghai stocks closing higher. But closed up just shy of 1 . There have been a media report earlier in the session suggesting the government was studying how to end its bailout. Well continue to watch the ongoing volatility in china. Every day there seems to be a new story there.
We are joined by warren. Warren good to be here. David now we get first word from nejra cehic. Trump signaled he would be willing to moderate his stance. Donald trump in terms of immigration and almost anything else, theyre almost has to be some time and pull and deal. Deal, hetched ted stood a day and a half or something. What came of it . Nothing. You have to have some flexibility. Nejra all of them said they would support trump if he wins the nomination. There is a familiar threat from north korea. Kim jongun has ordered forces to be ready to launch Nuclear War Heads at any moment. T came after the country more to the country to prepare of sanctions from the united nations. And the pace of chinas military spending growth was increase between 7 and 8 this year, but the smallest since 2010. The estimate was released before tomorrows National China peoples congress. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world, i am nejra cehic.