And welcome to power lunch. Eye melissa lee, your money carving out some small money today, and russell 2000 at rosh highs. Its a global rally. Lets check out bitcoin is bouncing back after falling below 10,000, Goldman Sachs say its a bubble bigger than the dotcom era and famous tulip bulb mania, and p g was down travelers rallying by almostsh topping expectations tyler . Thank you very much, melissa. Welcome, everybody we begin with a major decision from the white house the administration saying it will slap tariffs on solar panels and washing machines. If youve got a solar powered washing machine, you are not, kayla, going to have whiter whites Kayla Tausche is at the very white house with more. Reporter those tariffs are steep and final. For companies outside the United States empowereding washing machines into the United States theyll sue new tariffing between 20 and 50 , depending on the number of washing machines they are importing. For components that 50 . For solar part manufa
Their own studies show the main drivers of default are loan devalue, borrower credit score. Everything else is literally a rounding error. And so of course, the final doddfrank rules essentially abandon the things that actually drive default. And endless servicing requirements, again making it near impossible to foreclose. My opinion is the rule increased foreclosures last time around rather than decrease them. And the harder it is and the mission has nothing to do with financial stability. The mission is to use the the regulatory system to force prudent borrows to subsidize imprudent. We all knew the crisis was quite costly. It also will provide a cover for massive expansion and government powers. One minute. Im not even go i think to need that. So i would say and would say avoid financial cryises. I think a repeal is not enough. The presystem was broken. It was flawed. And to me one of the real flaws of doddfrank is it extends the precrisis system. The theme of doddfrank is, lets exp
Minerals for firms not only firms getting the actual hard commodities there, but also for firms well down the supply chain, who have no idea where the aluminum in the electronic parts came from. So i think its telling when a liberal law ultimately convinces the Washington Post Editorial Board that it was a bad idea, which they have come out against conflict minerals. Its time to revisit the motion all together of including immaterial disclosures in security laws. Both by legislative fiat and by the sccs own power. And republican and democratic chairmen have both been guilty of this. I think it should be a binding constraint on any rule making. And business round table stands for the proposition. How is a mandatory immaterial disclosure going to provide benefit to investors . None. By definition fails cost benefit analysis. We have ways to measure immateriality. Methodology that has gotten great in the last ten years. I think it should be a binding constraint, the same way for litigants
He has multiple fractures in his face. And nasal cavity. His throat and his voice box are crushed. He was kicked so hard in the stomach that it sent his spleen into his spine and sliced it in two. So it was painful. The medical examiner said it was torture. This body has significant skin loss on his buttocks, abdomen, penis, hands and his face. He has one stick of gum and a tardy slip in his pocket. This was our family costs 9 11 terrorist attack by foreign invader whether you want to recognize it or whether you do not. This government continues to fail or even recognize that we have an issue. Americans are dying daily at the hands of criminals that we dont even know are here. You are officially notified today there is a problem when this happens. You cant deny it any longer. You cant ignore our families, our american families. You are elected by americans not any other country. You should be for americans. If you want to sit quietly on the sidelines, you have thrown your hat into the
To record high. This morning futures are looking like this. Markets expect today continue to gains with another higher opening at the start of trading, dow industrials expected to be up about 20 minutes, nasdaq also strong today a third of a percent. 32 points higher for the nasdaq. Cac quarante best performer. In asia overnight, gain as cross the board on top of record rally on wall street. Hang seng index best performer up better than 1 . Earthquake strikes near north korea, pentagon says its not as a result of nuclear test. Amazon looks to take another industry, this time real estate. Details on the new report that sent zillow shares to the basement. A new eye to prevent overbooked flights. We have the story as well after turmoil at united all year. All the stories and joining me to talk about it Fox Business Network Dagen Mcdowell, back, former Goldman Sachs partner and Peter Kiernan and andrew peek, good to have you here. Thanks so much. Maria good morning, everybody. I missed you