Talking about oil, weve been watching oil along with wild moves in stock market all week and last several months michigan congresswoman House Community member is here. Talking about china trade dont ms a moment of it. So weve got a rally this morning underway triple digits move after we saw that huge wild week last week. Three down weeks in a row looking to break the longest losing streak since may if weve got china trade, tensions President Trump commented on negotiations yesterday. Heres what the president said. Monetary manipulation and pouring money into the krnghts because they dont want to lose jobs but losing as you know because you reported it but they lost over 2 million jobs in a short period of time and they want to make a deal see what happens but they want to make a deal. If i wanted to mawk a bad deal and settle on china market would go up but not the right thing to do. Im not ready to make a deal yet. China would like to im not ready. President says that apple ceo tim co
You have two minutes with the introductory round so i will try to do the question first in spanish and then english because we are live on univision. [speaking spanish] thank you to all of our lulac chapters. [cheers and applause] i am julian i have twitter bet joaquin says i am one minute uglier than he is which is not true. Im happy to be here this evening about conversation of the future of the country. We had our first president ial debate and at the end i said i was happy to be there in my presence on that stage marked some of the tremendous progress we have made is a Latino Community. The question before us the next few months is what kind of country do we want to be from cracks and then to achieve the dreams you have achieved because generations have worked for progress to make sure no matter the color of their skin if you went out for a an apartment to rent you can get good job opportunities. And exercise your right to vote at the ballot box. The question before us is if we con
By americans. It w brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have wired a repatriation tax. This is about two. The court squarely held us much just a few years foowg adoption of the amendment. The the presidt kes easy work of the case. It is undisputed the petiors realize nothing from their stock investment. They were taxed not because they had income but becse in 2017 they happened to own sharein corporation. This is a taxn e ownership of property. Dispensing with the need for realization, the framers regarded this as the essential chec on the power of congress to taxrorty. The government cannot identify a single thing congress could not tax its income under its position realization is unnecessary. Without realization there is no limiting principle. Accepting th government position on income would make a cap hash of the current law. Gateway defition of gross income asserts congresses taxing por der the 16th amendment roh reaching al
Move higher in treasury yields in response to that jolts number. So, adding to the other concerns about supplier treasuries and all the rest, we did have some hot economic data. The question is, mike, where do you go when you are seeing yields move this fast and this far up . Because the safe havens that you go to during a weaker economy like Consumer Staples and utilities are getting whacked on the back of these higher rates because they pay high dividend. Theyre rate alternative. The cyclicals get hurt. Tech is getting hurt because you worry about valuations on the back of higher rates. Whats left . Whats interesting is that tech in particular has acted, at least the very largest companies, have acted a little more as defense than as pure Interest Rate proxies in the last little while. Yesterday nasdaq 100 was up. When you had yields making new highs. Part is the Balance Sheet strength. I guess the other question, though, is do you decide that the market is essentially getting too ne
For the man by the name of michael wolf who is author of a book coming out next week about the Trump Presidency that book called fire and fury bannon is quoted as saying here is the quote that has everyone talking. Even if you thought that this was not treason or unpatriotic or bad four letter word starts with an s, and i happen to think its all of that, you should have called the fbi immediately which of course the people at that meeting did not. So the president responded by issuing a statement which he said when he was fired, referring to steve bannon, he not only lost his job, he lost his mind. Steve doesnt represent my base, hes only in it for himself. So, there are several people who have been quoted an excerpt of the book has been published in different news magazines and in it there are attacks on the Trump Presidency and President Trump but people who are attributed to the quotes attacking the administration are walking back saying they never said these things. Sarah Sarah Huc