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Benefits of tax cuts of bonuses, higher wages, more hiring in more investment. Its the great corporate pass through. More announcements are likely. Tax cuts showing positive economic results. Democrats are still making some very dubious claims. For example, nancy pelosi says raises taxes on 86 million middleclass families. That is factually wrong. It is dishonest political spin. The left plans a yearlong allout attack like about when you just saw. Investors clearly approve however the tax cuts a...

The tax reform bill perhaps as early as tomorrow. In the senate, senators are speaking right now. They are not on the continuing resolution as of yet. They are speak as part of their procedures, and some have been talking about whats going to be the vote tonight on the continuing resolution. Rand paul does not want to see the spending caps waived or lifted. But here is what senator marco rubio said on the floor of the senate about fixing the funding. Ill say im disappointed we are leaving here t...

One day after President Trumps miss tore i can win on tax reform the normally antitrump media appears to be reporting on how it could be a success and not an overwhelming failure that could kill everybody on earth. The New York Times says with tax overhaul trump fulfills a campaign promise. Here is how republicans plan to sell it. Over on cnn the head snrien reads, is tax reform a new beginning for trump and the gop . The narrative for the last year has been trumps first year has been one giant ...

Want to use momentum from their tax bill victory to take on welfare. Paul ryan says 2018 is a chance as a chance to reshape the safety net for the poor and disabled. He also wants to change food stamps and medicaid programs. In Southern California firefighters doused hotspots. ,winds increased that could whip up embers and flareups. A huge fire still smoldering northwest of los angeles. Officials say the blazes 60 contained and now the second largest in california history. Global news 24 hours a...

Some 20 today. Has the bubble burst . All right, we are less than half an hour from the european open. Lets look at where futures are pointing. The direction is down and the. 5 . Stoxx 50s are down the continent looks to take it worse than the u. K. That is not the exciting picture i want to tell you this morning. Take a look at a threeday chart of bitcoin i have in the terminal. Unbelievable drops. Right now, trading at 12,508, a drop of almost 19 . This is the biggest percentage drop we have s...

Well have a full report on that and the Trump Administration tonight threatening to cut off funds to the United Nations after the International Body voted to reject President Trumps recognition of jerusalem as israels capitol. John bolton is here with more on that tonight our top story and Major Development in the uranium one scandal, Jeff Sessions reportedly ordering the department of justice to look closely into alleged clinton collusion, determine whether a special counsel should be appointed...

Good morning welcome to Worldwide Exchange on cnbc. Im seema mody in for sara eisen. Im dominic chu in for wilfred frost. A lot of Christmas Music throughout the course of todays show if you like it, youll love it if not, bear with us even though im not a fan, this is a classic. It is a great song. We have quite a few things that could be driving the trading action looking at the u. S. Futures picture, were seeing stable markets. Weve seen this theme developing, we have not seen major moves in t...

This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can ...

Yield curve beginning to stephen. Stephen. Steepen. They will be less foreign participation for treasuries. When you add in the 700 billion next year, we think that the rest of your recipe for a steeper curve. Is unlikely the curve ends steeper than it is currently . Unlessunlikely the fed starts the ease. Very unlikely scenario. Very much likely contining to flatten. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it,...

Yes, sir. Thatam still paying finders fee. No one place a song when you walk into the room anymore. [laughter] would you fix your tie, please . David well, people wouldnt recognize me if my tie was fixed, but ok. Just leave it this way. Alright. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job running a private equity firm. How do you define leadership . What is it that ...