Jct the hated amt that is being repealed. But unless a future congress extended that repeal it would expire 2025, along with the new seven tax brackets, slightly adjusted in the revision. New standard deductions, take deduction double, almost for a single filer, 24,000 for joint filers, those would expire if in the extended. Child cac credit and passthrough income tax for qualified individuals Business Owners those would expire without extension. It is important to remember, this does deliver tax reform as the republicans have promised to the middle class. Here is what we heard from mark short, earlier this morning when he was speaking with Maria Bartiromo on how the white house views all of this. One is, it very much is middle income tax relief. 80 of the people paying penalty on obamacare taxes are those earning 50,000 or less. It is, as your panel said, regressive tax. It hurts lowest and middle income families the most. Repealing the tax will be beneficial to working families. Repo
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors
Announcing a ban on jus deals with the cuban military. And staying with politics, the russia probe is headed for the white house. President trump lashed out at Deputy Attorney general Rod Rosenstein as he is knowledge for the first time that he is a focus of the investigation. And u. S. Markets close in two hours. Lets check on where stocks are not with julie hyman today, but abigail doolittle. Abigail it is a friday, and we do not have a lot happening for the major averages. That is typical for fridays in the summer. The dial is trying to beat itself and the positive the dow is trying to peek itself into the positive right now, but right now it is higher on the week and higher for a fourth week in a row. Nasdaq and s p 500 are both down, especially the nasdaq. Lets look at a sixday intraday chart of the nasdaq. This is last fridays big selloff, and a continuation of it into monday. A bit of bumping us and the more and some more of it today. The nasdaq is down 3 over six days, the wors
Power lunch starts right now thank you, michelle your money just keeps pushing higher and higher. The dow and s p hitting new alltime highs tech roaring back as a top performer. Energy lag a bit loyal prices falling today overall, though, a good day for your investments and your money. Straight to bob fisani with more on why theres a monday filled with optimism again. And we are at new highs for several reasons. Lets take a look at the new high s p 500 and the Dow Jones Industrial average new highs because the breadth of the market is widening out last week, tech stocks were losers many losers on the month not anymore. Apple, alphabet, microsoft, facebook when apple is up 2. 5 , thats a huge mover for the s p 500 also, broadening several banks have been moving up in the last couple of weeks even new highs comerica and many of the trust banks like state street, northern mellon. Then industrials a whole swath of the big, big names. Illinois tool works, honeywell, 3m, caterpillar, ingerso