The president and his team set to dine with the two top dems tonight. Power lun power lunch starts right now welcome, everybody, to power lunch. Im melissa lee. Stocks are trading in a very narrow range the s p did hit another intraday high the best performing sectors, tech and materials, the biggest drags. Check out some movers. Up 6 . Leading the s p 500. The Company Buying new York Health Insurer fidelis care for 2. 7 billion take a look at dolby labs. Apple tv will support dolby vision here is what else is happening. Democratic senator, mark warner, asking the federal trade commission to investigate equifax Data Security practices and Customer Security response following the recent attack. Target getting ready for the crucial season hiring about 100,000 seasonal workers. That is a big jump from last year viacoms mtv seeing its first summer ratings growth in six years. Brian . Charlie, thank you. We begin with apple and its big event 24 hours ago in cupertino. Apple announcing three
Coming up later on the program prepares to mark the 25th anniversary of black wednesday. That is Norman Lamont at 9 30. Lets get straight to your data check. Quite a lot going on in the markets. We are seeing a little bit of risk off. Stocks are mixed in europe. Edging lower and then going higher. What investors are nervous about is north koreas latest Missile Launch, raising geopolitical risks. Gold and yen showing markets are becoming immune to the provocation and diplomatic reaction. There is not much of an impact on yen. We are seeing pound, the 25th anniversary of, of course, what we saw in 1. 34w31. There is a little bit of movement on treasury. Lets get straight to the bloomberg first word news. Sebastian President Trump says he likes and respects janet yellen not made a decision on whether he will re nominate the Federal Reserve chair for another term. Treasury secretary Steven Mnuchin sets janet yellen is among those being considered to run the central bank. In the u. K. That
Some top Congressional Republicans are considering legislation to ban the bump stop device. Speaker ryan focusing on that action. Automatic weapons have been illegal for many many years. This seems to be a way to go around that. We need to tighten up compliance with that law. Charles joining me to discuss, rich lowry and steven loomis. Yesterday it started making the rounds that several republicans are considering this. What are your thoughts on removing this. A lot of folks are saying if while it sounds like it might be reasonable. Many are afraid it opens the door to a slippery slope. Sure it will be opening the door to a slippery slope. Politicians shouldnt be politicizing this at least not until the investigation is complete. Its like blaming the airplanes for 9 11. Its a ridiculous mission to. We need to its a are you digs pluit. To politicize it is. Charles its surprising how many republicans rm alluding to it. They are willing to vote on curbing this or bang it all together. On
Should receive one, were interested in hearing what you would do with it. Would you save, would you spend it, invest it, do other . Let us known our first hour. What would you do with a tax cut . Weve divided the lines differently. If you make under 50,000, call us, 2027488000. If you make between 50,000 and 100,000, 2027488001. And if you make over 100,000, 2027488002. You can also reach us at twitter and give us your thoughts, cspanwj. Several people posting on facebook this morning, facebook. Com cspan. Washington post features a photo with President Trump and members of the Senate Finance Committee Meeting at the white house yesterday in his effort to try to sell members of the committee, particularly democrats, on the republican plan for tax reform. During that time with the committee, the president laid out specifics of what he hopes to see and how it might benefit americans. Heres the president from yesterday. President trump we are doubling the amount of income that is taxed at
Criticizing germany. He says the u. S. Has a massive trade deficit with germany and the germans pay far less than they should for nato. President trump says it is very bad for the u. S. , but it will change. In berlin, indias Prime Minister says his country has made a quantum leap in economic ties with germany. He spoke after meeting with Angela Merkel. He says the two leaders are made for each other. Global news 24 hours a day, powered by more 2600 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. David donald trump called his first foreign trip a home run, but some in europe saw it differently. In europe,ion rally Angela Merkel suggested that europe might not be able to rely on its stead fed you steadfast United States. She returned to that subject today. Ourur chins anemic transatlantic relationship and the statement i made recently is due to the fact that in the face of the present circumstances we have additional reasons for us to realize t