Means over 3000 in tax relief. Texas as a whole, i will welcome the 74,000 new jobs coming away because of tax reform. It also means hardworking americans everywhere will see more in their paychecks and they need it so badly. We all know this quote, will rogers, the difference doing death and taxes is death does not get worse every Time Congress meets. [laughter] it is funny but a perfectly captures how most americans have come to feel about the tax code. With the tax code we have today, americans have seen it get worse and worse. They have seen it become more unfair, more complex and more uncompetitive. When congress met today, americans finally saw something different. They saw us come together and makes our cap make our taxes them better for them and our nation. Today was a major step forward. This is certainly not the last step in our tax reform journey. We still have a way to go and we will continue to listen to the market people. We have always said, this is not our tax code, it
Mark senator franken issued a statement which reads in part i respect women, i dont respect men who dont. The fact that my actions have given people a good reason to doubt that makes me feel ashamed. Firmwbased cybersecurity is releasing new details about how its Software Uploaded classified u. S. Documents several years ago. Its raised questions over whether the companies popular antivirus really works as described. Confirmed, said that it was accidental and the files were quickly deleted. The head of russias Antidoping Agency told reporters today his anization has reformed to conformed to World Doping Agency standards and is now completely independent. The comments came as the world Antidoping Agency refused to reinstate the antidoping program. The agency demands that russia publicly accepts results including that the company ran a statesponsored doping program. Russia to allow access to urine samples that were collected. It could and russias hopes of competing at next years winter o
It will be another record close. On the week, the dow on pace for its first two week decline since august. Some who think this pullback we are seeing today and on the week could continue. This is a great chart that Katie Stockton shared with our new weekly charting segment earlier this week. This basically suggests we could see a bit of a pullback before stocks climb higher. This is the s p 500 in white over the last year. Katie is saying its likely to move down toward this area theed the cloud, perhaps 200 day moving average, a pullback of 25 before refreshing a year and rally. Year end rally. These are the big gainers on the week. Foot locker up 32 , mattel up 20 . Vision health care of 15 . Netap op onand earnings. Here onsee a decline the bloomberg dollar index, down. 7 . On the year, down more than 7 , on pace for the worst year since 2003. House republicans did pass that tax bill, perhaps a first step in an economic jolt. Some investors relative to the, dollar not too optimistic.
Clear winners while the homebuyers, there is less incentive to become owners. Scarlet i wonder if it is a terrible thing to be become like a germany. Joe we do have this history of encouraging homeownership. We got the housing bubble. It hurts renters instead of homeowners. Why not see if it balances out and not give a preference to one or the other . Lawrence the bubble was clearly a mistake and it arose from the subprime lender. From the societal point of view, it will enlarge the middle class , having a nation of property owners. Rather than having a nation of tenants. The fact that we have a solid majority of americans owning a home, and look at the overall wealth situation. Homeowners can only have a net 200,000, while the renters are stuck at 5,000. That is a dramatic difference. In order to a large the middle class, we need to encourage more Property Ownership rather than encouraging renting. Julia could we look at the 2 different bills we have going, whether it is the house or
The last quarter, we will discuss the secret to the companies continued success in asia, and u. S. Ambitions fortencent. Wilbur has set the stage for one of the biggest writing services softbank and other firms will be allowed to invest up to 1 billion in uber, and can buy out the 9 billion in shares 9 million in shares. I caught up with cory johnson and eric newcomer. Basically everything except the price, which is key. Who the sellers are, we dont know that for sure and therefore we dont know the total amount that is up to be bought. We have sort of a slate of governance reforms and we have softbank and a number of other potential buyers. The thing we have been negotiating over for the last many weeks now is those governance reforms and the process by which softbank would buy the shares. Emily talk to us about some of the governance reforms. There was some contentions. Steve made some compromises, benchmarks made some compromises. Tell us about those. Eric travis wanted benchmark to