Thats with a t, according to the wilshire 5,000, the Goldman Sachs is warning that the good times could come to an end if one of the many Many Democrats pushing to reverse trumps tax cuts takes the white house next november. Goldman is estimated for every 1 change in the effective Corporate Tax rate, there would be a roughly 1 change in s p 500 earnings per share. And if tax cuts were entirely reversed, it could even shave off half a percentage from our gdp. The economy, liz, are they being overly dramatic . No, i dont think they are. They are basely saying you roll back the tax cuts, earnings go down by 11 , there would also be i think some change in the prospect of growth going forward, so i think multiples would come down a little bit, looking at a 20, 25 percent correction which some Major Hedge Fund players have been talking about, cooperman for example. I think that kind of market reversal is totally possible if Elizabeth Warren or one of these other people gets into office look,
We are getting green on the screen and european equities. Investors are focused on the trade narrative as weve heard from President Trump that a deal with china could be closer than we think. We saw u. S. Stocks jumped the most in weeks. The 10 year yield has jumped some nine basis points moving down three today. Perhaps a bid for safe haven along with risk on trade and the dollar index caught a strong bit yesterday as well. Was that to do with concerns around the impeachment inquiry . Could it been something to do with Charles Evans . The dollar is holding on to that strength in the session. Lots of dynamics to digest. Coming up among dont miss our exclusive conversations with the ceos of xo and ab inbev as well tesco, ab inbev, as well as spains Prime Minister. Boris johnson came out fighting in his first appearance back in the commons. He refused to resign or even apologize saying the Supreme Court was wrong. He challenged his opponents to trigger an election, accusing them of cowar
Sometimes it seems nothing is happening on the senate floor. The action is going on elsewhere. Order in committee rooms, and senators offices and the offices of the Senate Leaders. But thats all preliminary. Sooner or later, everything has to come here. Here is where the final say, the final act takes place. Here is where the law is made. The United States senate has been legislating and carrying out its unique constitutional duties since 1789. The framers believed the senate should and could be the venue in which statesmen would lift america up to meet its unique challenges. We are still a work in progress in the United States senate. It is time for the United States senate started acting like a senate instead of kindergarten. If you think were emotional, wait until you see what happens if this bill fails. Reflecting the nations politics and made up of 100 members, two from each state, serving sixyear terms, this is how many have come to know the senate today. Democrats have been putt
Ladies and gentlemen, thank you for coming out on yet haanother rainy day in kentuckyn 2019. Let me take a moment to ask you to take your time now to check your cell phones and make sure it is turned off. Are you picking me up on this, mike . Well, thank you all for coming out. Go ahead and sit down. You for coming out today to another historic moment in the history of the Mcconnell Center here at the university of louisville. Theres number of distinguished guests in the audience tonight and i decided to handle it this way. If you think i would feel you are distinguished, assume that is the case. I will not call you out. But i do owe an instruction and appreciation for president of the university of louisville for being here with us. [applause] thank you for bringing or dragging yourselves here throughout the rain today. This is and historic moment for the Mcconnell Center. Its one of many in our history and i was thinking about it this week that Marcus Cicero and the great roman state
Sometimes it seems nothing is happening on the senate floor. The action is going on elsewhere. Order. The senate has been carrying out its duties in 1789. The framers believed the senate should be the venue through which statesmen would lift america to meet its unique challenges. We are still a work in progress in the United States senate. We should act like a senate instead of a kindergarten. Wait until you see what happens with this bill. Made up of 100 members, two from each state, this is how many have come to know the senate today. Democrats have been putting up roadblocks one after another. It is not what the founders had in mind. There is a great deal of human affection around here. It is in private. You came to the wrong town at the wrong time. With a history of conflict and compromise, we will go inside the senate to tell its story. Its informal workings, we will learn about it as a legislative body. Following the footsteps of members in the core doors around the chamber, we w