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June 21, 2024
And we are just going to bring you to the europe sentiment data. The number was previously at 103. 2. Its coming at 104 for november. The expectation index has come in at sorry, im just going to get that one. Its come in at 99. 7 against a previous index of 111. 0. We are going to bring in the chief economist here to show us this is a pretty big surprise. This is a very important data point for two reasons. First of all, the economic weakness in europe over the last six, seven months has been la...
June 21, 2024
Today alone. Brace yourself for more serious weather. Mudslides possible on the west coast. Rain and snow in the east. Lets go down to sue at the new york stock exchange. And you know we have another triple digit down day for Dow Jones Industrial. Part of that is linked to the drop in oil. Art cashin saying not only the Energy Stocks under pressure but that has spilled over to financial stocks. They are worried about the high yield debt that some banks own concerning energy. Right now the Dow Jo...
June 21, 2024
A risk off rally. Spies on wall street. Foreign Intelligence Services penetrating our financial institutions. We will tell you what well tell you here this hour will shock you, and its a cnbc exclusive you wont find wraen where else. Lets go over to sue. Who is here at hq. Indeed i am ty. Stocks are posting modest gains following that upbeat jobs report. The dow up for a fifth day on track for its best weekly gains since december of 2011. The dow, the s p 500, and the nasdaq now all in positive ...
June 21, 2024
That is why we sent you to grow america act last year and why we will send you a new and improved grow america act this year. We certainly know that the grow america act is not the only approach to solving the infrastructure and mobility challenges of the future. We look forward to fully engaging this committee and with others on both sides of the aisle to chart this path together. But we believe there are some essential principles that any bill must have. First were going to need a substantiall...
June 21, 2024
Great big mansion if we have the resources to build a hut. And i think that our system right now really needs a substantial injection of a longterm bill but also substantial growth to counteract the cumulative effect of the shortterm measures in the recent past. And one followup real quickly on that specific point. Is there a version of that proposal you are talking about that doesnt have the big tax increase on successful folks as part of it . Because going back to the spirit of my comments, im...
June 21, 2024
Our system, all of it was customized and developed in the 50s and 60s. Weve replaced that system with those expenditures. But we still have over 50 applications that need to be replaced. But to show what weve been able to do that, that refund app got 200 million hits last year. 150 million returns across just 85 are processed electronically. That was not only not possible, it was inconceivable 15 years ago. We have made substantial strides. But the 300 million on the Affordable Care act are all ...
June 21, 2024
Theres much that we can learn from this 13year experience in how to take a more comprehensive approach, and to recognize while kinetic actions have a value all of their own certainly and thats blatantly obvious, nonkinetic actions do as well. We can do much better at that than what we have done. Thank you. General matt is my time is up, but do you have any you want to add . Very quickly senator i would point out we have to improve the process assuming there is a process. Ive been unable to ident...
June 21, 2024
Thank you, mr. Chairman. Commissioner, welcome. I joined with other members of this Committee Last year on a letter to you after it was reported by the Inspector General for Tax Administration that more than 1100 employees had been awarded over a Million Dollars in cash rewards and more than 10,000 in timeoff awards. You made no commitments nor did you set any deadlines. And i know that youve talked a little bit about this already this morning. I just wanted, for the record to get you to speak c...
June 21, 2024
It captures the imagination of Real Estate Developers and they start to build dense developments and bring amenities into communities that traditionally may not have them. I think the challenge for us is that right now if we look at the amount of money were putting into transit, i think the demand for it is going to increase substantially over the next several years because of shear population movements. Thats why i would urge a more robust investment in transit, first of all. And secondly urge ...
June 21, 2024
Couple of years its very, very nice to be back in San Francisco were looking forward to our continued relationship with phil and his team this is a very special place to come out and play in the pga harding park they were big part of the decision to come back and for us it is very, very important we worked for our players and this is a phenomenal city we love of the charity it supports thank you, everybody for your support im happy to answer any questions you may have. Thank you thanks very much...