When we saw a massive drop. Union pacific was the rail in the news this morning on corporate earnings. We will speak with lance fritz a little later on. Union pacific beating on many important metrics. Lets have a look at europe. The stoxx 600 down just 1 10 of 1 . The s p down 5. 1 after a very disappointing quarter. Its dragging on the docks as well. I mentioned a rally in global bonds. At 2. 15 10 year yields , just a few basis points above the u. S. 10 year yield. The reason for that is the ecb. We will talk about that, as well as sterling, which is rallying on some brexit news in parliament not getting any new Prime Minister a mandate to go no deal. Meanwhile, a cautious pledge to provide fiscal support if dangerous materialize. We are joined by erik nelson, Wells Fargo Securities strategist. G7 finance ministers. Can anything concrete come out given the concurrence at work among these economies right now . Good point. A i think theres so much in these individual economies that th
What explains the delay . One of a hammering out at this point . What are they hammering out at this point . It sound like they are still turning the dials. They dont have the answers yet to some of these key questions, specifically how to make what is about 6 trillion in tax cuts reduced to about 1. 5 trillion by finding ways to pay for it, so they are looking at things like ending the state and local deduction, changing text breaks for retirement benefits, a variety of things and they have not fully come up with the answers yet in a way that makes that work with the mathematical number. Next steps are the here, presuming it comes out tomorrow . Layout the next several weeks of the sausage making, so to speak. Sahil it is going to be an extremely busy few weeks. If all goes to plan, the bill comes out tomorrow, the ways and Means Committee sends it to the floor of the house. They pass it out of the house and the basin intends to operate on a parallel track. Theyre not going to wait fo
Appears to have been temporary. Indicators for the Second Quarter have so far pointed to a sizable rebound. This recovery is a key factor supporting the committees expectation that Overall Economic activity will expand at a moderate pace over the next few years. Despite lackluster Economic Growth the job market continued to improve early in the year. During the First Quarter job gains averaged nearly 200,000 per month, just a bit slower than last years pace. And the Unemployment Rate held near 5 even though notably more people were actively looking for work. However, more recently, the pace of improvement in the labor market appears to have slowed markedly. Job gains in april and may are estimated to have averaged only about 80,000 per month. And while the Unemployment Rate fell to 4. 7 in may, that decline occurred because fewer people reported that they were actively seeking work. A broader measure of unemployment that includes individuals who want and are available to work but have
Shrinks and you have fewer jobs and low wages, you get less tax receipt. If you have less tax receipt, you either have to make cuts or put a taxes were increased borrowing. Its a simple matter of mathematics. Theres an easy way to avoid the situation that is devoted to three errors and sunday evenings at 9 00 p. M. Eastern on cspan it reairs on sunday evenings at 9 p. M. Eastern on cspan. Brennanctor john testifies about the cias operations around the world and global terror threats. You can watch it live beginning at 9 00 eastern on cspan three and cspan. Org. On American History tv, this saturday starting at 1 00 p. M. Eastern, we are live from Gettysburg College for the annual Civil War Institute summer conference as authors, historians and professors examine topics such as reconstruction in the north and the postcivil war career of Ulysses S Grant and the origins of the lost cause. 40ththe approach of the anniversary of the smithsonian air and space museum, we will show a series of
Issues of concern, i think we have to act immediately and i think that we can be successful. But in the meantime, the very least the republicans would do is to pass the no fly, no buy. And im pleased to yield to the distinguished whip, mr. Hoyer. Mr. Hoyer thank you very much, madam leader. First, we need to empathize with the fear that the Lgbt Community is experiencing right now. Unfortunately, today we are going to adopt a rule which precludes the expression of congress that we will not discriminate against those who are lgbt members. How sad. That is one thing we could do today. Say to all americans, you will not discriminate. We will not discriminate, our government will not discriminate against citizens who are members of the Lgbt Community. And our chairman of the caucus is correct as well. Normally we discriminate against somebody based upon the origin of their nationality or surname. So those are two things we could do right now, stand up. Speak out for what america believes i