town sweet 16 party. fox defamation trial delayed just hours before opening statements . is this a sign a settlement could be near. and spacex boss elon musk, downplaying expectations with his company about to launch the most powerful rocket ever built. good monday morning to you welcome to our viewers here in the united states and around the world. i m christine romans. we begin with carnage at a sweet 16 birthday party in a small southern town. four people were killed, nine injured, some critically in this rampage saturday night. indeed ville alabama so far, authorities have not released details about a suspect or a motive. but overnight we did learn the name of one of those killed kiki smith, who was a student athlete athletic manager on the high school s track team. for more on another of the victims. a star athlete, let s go to cnn s isabel rizal is indeed ville. i spoke with michael taylor, who is the assistant football coach over a day ville high school. and he says th
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but there was this tax loophole. when you re like trump and you own this business and it goes bust and you lose money and the people who loaned you money also lose lots of money, normally those losses are split. the banks dot get paid back, they take part of the loss and yotake part. the part that is really yours, you get to write that off your taxes. but there was an error in the way a specific kind of business form was taxed that basically allowed if there was a loss where trump was out 100 million and the banks were out 800 million, he could have written off the entire 900 million off his taxes even though he really only lost 100 million. this is great. i love this. he could write off the bank s loss essentially on the loan. yeah. it was just a mistake in the tax code. it was a mistake in the tax code. as people started filing their taxes using this provision, the irs looked at this and said, this isn t right. there were years of litigation in the tax courts and it got to th
eric: defense secretary chuck hagel wg up his trip to asia with a stop in mongolia, and his visit came with a bit of a surprise. the secretary got that horse. see that right there? that is a gift from the mongolian people. he named the horse shamrock after his high school mascot. unfortunately, he can t take the horse back to washington with him. wonder why not? mongolian officials promised they won t let anyone else ride little shamrock until the secretary returns, so he has his own horse that he can only ride in mongolia? jenna: you never know when he might need one. when you go to mongolia, yotake. we can see the stocks trading lower at the new york stock exchange, looking pretty quiet today. yesterday there was a lot of upheaval as we saw the dow lose more than 260 points. and then this morning we got