Chain migration system. We will have more on this, believe me. Red flags for bitcoin, believe me. Bitcoin market is, quote, burning with risks for Retail Investors. If a little guy being set up to hold the bag, the winklevoss brothers, they are on the show today. Media targeted the president and made series of mistakes. In a tweet the president calls stain in america. Win or lose roy moore may be a problem for the gop. Yes, it is another day and Varney Company is about to begin. Stuart well, look at this, we are going to go up at the opening bell today. By the way, the dow logged its 66th record close under President Trump yesterday. We are going up from there this morning. How about bitcoin, where is that today . Its at 17,210 per coin, up 319 bucks, however, top government regulator is raising a red flag about the bitcoin market. More on that in just a moment. We never forget appear until this program, do you know that 37 years ago today it went public, 1,000dollar initial investment
Much more simple than it is today. Here is the trump plan. Well break it down one by one, point by point. 7 individual tax brackets will go down to 3. The standard deduction goes up. The president argues in doing that you would have more people paying what he described a rate of zero, lower business taxes. The corporate rate according to the president should be no higher than 15 . More people will only need a single sheet of. I to get their taxes done which would be more simple. More than anything else. The message here was whether its businesses or individuals, the middle class wins big. Under our framework well dramatically cut the business tax rate so American Companies and American Workers can beat our foreign competitors and start winning again. Biggest winners will be the every day American Workers as jobs start pouring into our country as Companies Start competing for American Labor and wages start going up at levels you havent seen in many years. Reporter now the hard part come
Both for individuals and corporations. The president is going to seize this opportunity by leading the most significant tax reform legislation since 1986. And one of the biggest tax cuts in the americanhistory. Our objective is to make u. S. Businesses, the most competitive in the world. David more on this, rare white house meeting is underway right now. All 100 u. S. Senators invited for a briefing with the secretary of state, defense, national intel. And Nuclear Threat from north korea. What is going on behind closed doors . Louisiana senator john kennedy will head to a camera to speak with us as soon as he is back from the meeting. Melissa the dow was as high as up5 points. Details emerge from the president s tax plan. We certainly didnt end that way. Lori rothman on floor of new york stock exchange. Lori, what happened in last hour . Reporter they wanted more, more detail, melissa on the tax plan. Let me be clear, melissa, among the wall street traders we speak with today, the tax
Reading through this. Let me give you a just a little brief outline what weve been able to glean. In these documents, which former fbi director is prepared to talk about tomorrow, he will outline several meetings he had with President Trump, president elect trump and as president. Comey writing in these documents there were nine different times they had spoke in person or over the phone in a fourmonth period. The first occasion comey says, took place on january 6. That would have been in the transition, two weeks before the president officially took office. And comey says that the meeting took place because of this dossier eventually gotten out there, that is why he wanted to speak with the president about it and inform him. It appears jim comey admits at that point he had assured President Trump he had told him he was not under investigation personally. Let me quote from this testimony, that comey writes. He says quote, during our oneonone meeting at trump tower based on elect trumps
Germany ahead of the g20 summit. Police firing Water Cannons with other lesh measures to gain control of pretty rowdy crowds. President trump and World Leaders arriving on growing threat of north korea, world trade. Situation in syria. The tomorrow the president will have the first facetoface visit with Vladmir Putin. We will be following all of these protests bringing you developments throughout the hour. Melissa back to the markets. Dow sinking for the second day driven lower by shares of general look trick, intel, and merck. Nicole petallides on floor of new york stock exchange. Talk to me about the selloff. General electric with the lowest close since october of 2015. Were seeing pressure across the board. President trump with tough talk with north korea really spooked markets. Adp jobs report, private payroll, stocks are down. Dow is down 156 points. Nasdaq down four of last five days. It is down 1 . Russell you mentioned earlier, big selloff there, in fact seeing falling the most