Ceo of the alan Company Conference in idaho, we will have his take on the latest round of the bed for yahoo will verizon make the big move . The story today around global yields of course. Jonathan lets get everyone up to speed. Softer, up byle 1. 5 here in london, the losses piling up and mainland europe with the dax down by over 2 . If you to the headline in the fx market. The lowest since 1985, down by cured alltime low yields, japan, u. K. , u. S. , 10year yield down by 1. 33 . Crude softer at 45. 98. Gold at a twoyear high. 30 right here, right now. Lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories today. Guy johnson here in the city on the pound and the Global Equities and the current in asia, turning negative. Yelena shulyatyeva in new york, and possibly more stress for the u. K. Funds. Lets begin in the city with guy johnson. He joins us with a check of the market at the top, the fx market shining bright red yet again. 28 and
Your ideas for reducing moneys influence in politics. To do that this morning, we are setting up our phone lines a bit differently. If you are someone who has made a political contribution in this or previous elections, want to hear from you. 2027488000. If you have never made a political contribution, your number 2027488001. You can catch up with us on social media this morning on twitter cspanwj. On facebook, facebook. Com cspan. Toery good Tuesday Morning you. It is anyones guess how much money will be spent one campaign 2016 is over, but as of the end senate forhe responsive politics had numbers on how much had been spent on this campaign so far in terms of candidate fundraising. Well over 1 billion has been raised by candidates and the super pacs supporting them. 619 million by the candidates themselves. Superillion by supporting the various by super pacs. We will get into the various numbers this morning on washington journal but that massive fundraising and how it electionng up
Host have you talked to law makers met with them and what are you hearing from them . Guest the proposal is one that actually enjoys bipartisan support in many ways. If you remember about a year ago the chair of the house ways and Means Committee at that time dave camp put a white paper if you will that used this very same framework. And we think its a framework that can actually work. At the hearing in the house earlier this week there was some members of your party and the other party that were a little skeptical about this plan . That it enjoys as much bipartisan support as you are suggesting. What do you say to these skeptics . Pay fors are like they say about democracy its the worst system ever except for something else. Any time you have a pay for there are going to be warts on any given proposal. We think this one meets the test of not raising tax rates not raising deficits, but putting significant dollars into the system. At that hearing the House Transportation Committee heari
Guest the proposal that the administration has put out is to use pro Growth Business tax reform to pay for our bill. And actually our proposal actually works in reducing Corporate Tax rates by removing the 35 tax rate that would apply to overseas foreign earnings that currently arent taxed as theyre sitting over there but if they were brought back there would be a 35 rate that would apply to them. Our proposal would be to tax those untaxed corporate earnings overseas once at 14 21 reduction, and to bring those over here the proceeds of that over here to put to work for infrastructure would pay for our bill get us double what the gas tax now is producing and get us going. Host have you tarbged to law makers met with them and what are you hearing from them . Guest the proposal is one that actually enjoys bipartisan support in many ways. If you remember about a year ago the chair of the house ways and Means Committee at that time dave camp put a white paper if you will that used this very
Have contacted the engineer and he has agreed to be interviewed by the ntsb. We look forward to that opportunity. We will be meeting with him in the next two days. Vonnie the engineers lawyer told abc news that he suffered a concussion in the crash, that he was not under the influence of drugs or alcohol and was not using his cell phone. The u. S. Marines have confirmed the wreckage of the missing helicopter that disappeared earlier this week on an earthquake relief mission. Three bodies were found near the crash, and Officials Say it is unlikely anyone survived or it the chopper carried six marines and two nepalese soldiers. At least one of those marines were shown delivering food and other survived and other supplies to earthquake victims earlier this week. President obama is saying with iran we have got your back. The president promised to defend the gulf nations against external attack and what is called destabilizing behavior from iran. President obama we have to ensure that our p