[inaudible conversations] how are you . Good. Heres bob more sis. Of course morris. How are you . Happy occasion. Yeah, this is great. A lot of familiar faces, and well have some white house photographers and white house folks good. People who have covered all this stuff like you have. Eager to hear more about the book. So im glad youre here. Going to have a little talk . Yeah, were going to have a couple of little surprise moments, so [laughter] thanks for coming. Thank you. Hey. Hi, nice to see you. Hi, ken. Thank you for the invitation, and my husband. Yes, nice to see you. Hello. Nice to see you, hi. Yeah, i feel great, oh, okay, great. Thanks for coming. You got in okay . The traffic and the construction . Perfect. 30 minutes to here exactly. Great. Hey. Thanks for coming. How are you . Thanks for for coming. Thanks for having me. Okay, good. Too late in the game, but we have our tv folks here, so thatll be nice. Mark is in the other room. Oh, good. Around the corner . Straight ba
Editor john eppinger who reports on College Fraternity culture. That all happens tonight on cspan2s book tv. The tv recently attended a book party for ken walsh, chief White House Correspondent for u. S. News and world report for his most recent book ultimate insiders a history of white house photographers. Their access to the president. This is about 45 minutes. [inaudible conversation] this is great, a lot of familiar faces. Were going to have some white house photographers and white housefolks and people whove covered all this stuff i do have. Im glad youre here. Were going to have a couple of comoments and stuff. Thanks for coming. Nice to see you. [inaudible conversation] thanks for coming. You got 3in okay, the construction and the traffic . Great. Thanks for coming. Thanks for coming. Good, im glad. Im going to spring talk on you too late in the game but you have tv folks here. Im in the other room. Straight back, i see her back there but everythings good. We will throw you a co
Booktv recently attended a book party for ken walsh, chief White House Correspondent for u. S. News and world report. Or his most recent book ultimate insiders white house photographers and how they shape history. This is about 45 minutes. [inaudible conversations] howre you . Good. This is great. A lot of familiar faces. Well have some white house photographers and white house folks and people who have covered all the stuff like you have. Great. Im glad youre here. Are you going to have a little talk . A couple of surprise moments. Thanks for coming. Thank you. Hey. Nice to see you. Thank you for this. This is my husband. Nice to see you. Thanks for coming. You got it okay . The traffic and the construction . Perfect. 30 minutes from fdr to hear. Great. Thanks for coming. Im glad. We have our tv folks here so that will be nice. Straight back. Everything is good. Good. We will tell you a couple of easy questions. Thank you. Thanks, susan. You can look in the index. Youll be happy. Than
Buy timewarner a big power lunch begins right now. Welcome to power lunch, im melissa lee. Were just off session lows but stocks have accelerated losses here in the afternoon. Worst day in nearly three months stocks pushing lower following new details of the new Senate Tax Plan including a possible delay in Corporate Tax cuts. For all the details we have, lets head to john harwood in washington john the senates got a problem, their budget reconciliation rule allows them only to reducethis tax bill as we have seen emerge in the house, is going to cost more than that in the shortterm and also raise the deficit in the longterm. Also not allowed under senate rules. So what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the Corporate Tax rate going from 25 to 15 . From what i understand, the senate will not delay immediate expensing, which is likely to be the stimulus part of this bill
Companies face an earnings recession, an economic recession followed, mike and susan are watching this economy. Mike, are we in danger . I think we are. Looking at the last jobs report it was terrible with a record low number of people participating in the labor market, that that is a bad sign. And the first 2 quarters of this year, i am looking for earnings of the s p this does not bode well. Mike might be right. We came back after this bad First Quarter uk the same might happen here . It could, i am not really negative saying well go to a fullfledged recession. That defined in two quarters of negative returns. But we do see an adjustment in the market of 10 to 20 that is not necessarily a bad thing but what i see is more troublesome than Earnings Report is there is a sort of perfect Storm Brewing you mentioned jobs, Small Businesses are not hiring, Credit Card Debt is down. That is just you know people are not out there spending, we have no wage growth. David i think more important i