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Development and the Trump Administration. Are tax cuts,d budget reform, and how reforms might be affected by voters. It is one of the most polarizing issues in washington and one of the most difficult, and that is tax reform. As we heard in the last panel, it has been over three decades since we didnt copperheads of reform since then comprehensive tax reform. Unfortunately, as a essult, the United States tax have become less competitive. At ced, we came out with a bipartisan blueprints which you should have in front of you somewhere. The recommendation featured in the report level the Playing Field in making American Companies more competitive while not adding more to the debt. What we said in the report is that if you a limited if you things we have an expe ....
But in particular with regard to underground Natural Gas Storage, theres a very collaborative atmosphere over the course of two decades already worth of information study and sharing, and now with the recommended practices that have been developed, the question now is how do we best set the minimum Safety Standards that could be national in nature and then recognizing that any state could of course go beyond those minimum Safety Standards and advance whatever additional Safety Measures they would want to undertake that are specific to their particular operating atmosphere. We have two more and then well come back here. We have about five minutes left so maybe if i can take all four quickly but you have to be quick. I want to see, are you issuing like a not ....
Billionaire investor bill gross calls for two rate hikes from the fed as soon as march. Will september be worse than august . Good morning. Welcome. Where less than half an hour away from the market open. Let me take you to the bloomberg and show you where the open is going to be. We think it is going to be a positive one. A ftse that is up by. 5 . A cac that is up by. 3 . A similar number for the dax. Let me take you around the world with the gmm, show you what is happening. These are the markets that are opened. Hong kong is up by. 7 . Singapore, higher. A move in the austrian twoyear, keep an eye on that. The Australian Dollar is up by. 2 . Zinc is higher. Led are hot lead is higher. I am keeping my eye on what is happening in china. Copper, an interesting story. Lets get you caught up. Here is the Bloomberg Business flash. David we have to talk about donald trump. ....
Travellers, withdrew nighted technologies and verizon among many other major companies. As for the economy, one important report of note. September Housing Starts and Building Permits out at 8 30 eastern time. Okay. We have a couple of stories were watching this morning. Apple ceo tim cook making a couple of headlines at a Big Technology conference in california. The tech giants new Music Streaming Service has reached more than 6. 5 million paid users. Another 8. 5 million are participating on the free trial. Are you still free trial. I dont know. I dont know if its been three months or not. Maybe not. My son downloaded 59 songs and three albums. And its good. Its alternative but its good. I got all new stuff to listen to. My music life is good. Changed. ....
Do with where crude oil is at this hour. Take a look. Falling to its lowest level now since 2003. Taking some big name stocks with it. I want to show you these moves because they really are stunning. The moves in freeport, marathon, alcoa, williams. When you realize how much theyre down, joe, this year alone were talking 12 days. Not even 12 trading days. Freeport is down 45 yeartodate. Williams 32. Marathon, 28. Alcoa, 27. That is stunning. This seems to be the moment. This seems to be what we feared. This seems to be the 2008 moment for the natural resources, the energy, the mining names. Its happening right now. Its the reason why the s p 500 cannot rally. Its the reason why i believe were going to take out the lows at 18. 50 to 18. 60. We need a bailout for the oil companies. Youre not going to get one. Well talk about that in a little bit, but what happens right now . Why is this happening . Youre seeing the High Yield Energy< ....