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senator ben cardin says the u.s. needs a strategy to change north korea s calculus on its economy and security. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i m alisa parenti. this is bloomberg. caroline: i m caroline hyde. this is bloomberg technology. coming up, the trump administration unveils, quote, the biggest tax cut in u.s. history. but what s in it for tech? the fcc chairman officially out with a plans to kiln that neutrality as we know it. ajit pai joins us for an extended interview. and a bloomberg scoop. dropbox hits akil moscone hits a key milestone on its way to an ipo. first, the trump administration lays out sweeping proposals to reform the u.s. tax system. the plan proposes to cut the corporate tax rate more than 1/2 to 15%, business is big and small. cut to the also be a top tax rate. be a 1% one time tax on moneys currently over sure overseas. why there needs to be tax reform ....
39%. joining me is the chief correspondent at the washington post, thank you for doing this. everyone is asking the same question of you and everyone else. to hear it from you is important. these hundredss beginningng into the to the time we are now in this presidency? it with somess caution because it is only 100 days. we address it with some concern because of the kinds of problems the trump team at the president have run into. i think it is a little premature as it always is at this stage to draw conclusions about what this ultimately means for his presidency. but they have done a lot of things wrong. they ve got some things that they can point to, that they will point to as successes. it but this has been a very rough and rocky first hundred days for them. successes include the confirmation of a supreme court justice. some say be syrian air strike was a success. what else? their would say that from point of view, some of the things they have done on the immigration ....
good morning. a warm welcome to worldwide exchange here on cnbc. i m wilfred frost. good morning. i m seema mody in for sara eisen. always good to be about your side. lovely to have you with us. u.s. futures, interesting picture now if you re waking up. a mixed open we re calling for the dow up 24 points. nasdaq up 5. after surpassing 6,000 for the first time ever. s&p 500 basically flat on the day. keep in mind markets did rally yesterday. the dow posting its second consecutive day up 200 points. intraday the dow ticked above 21,000. so far a positive week for equities, today the trump tax plan will be in focus. will there be a reduction from 35% to 15%. the other big question what does that mean for the federal deficit? will it go up if the plan is not revenue neutral? let s look at the ten-year treasury note. yielding around 2.325%. the other thing to take away from markets yesterday. 9 out of 11 sectors were positive led by materials. it was broad and ....
what it means for you and the markets. a big day for earnings. some major movers ahead of the open will set the tone for this trading day. we ll dig in on a lot of the big reports. and one name with a big earnings move is twitter. shares up nearly 10% right now. take a look at the eye popping numbers. first up though the president set to unveil his proposed tax law changes today. among the highlights a cut in corporate taxes, a cut in the rates of foreign profits brought back to the united states. the lawmakers were briefed yesterday by treasury secretary mnuchin and director cohn. mnuchin spoke a moment ago about corporate tax rates. i will confirm that the business tax is going to be 15%. that is what the president said in the campaign. he said that s critical to drive growth and, you know, what i would say people talk about pass throughs. what we think is important is small business. and we are committed that small business, owner operators, will have the benef ....
it has dipped in and out of negative territory, the nasdaq hitting yet another record high. it is up again. the dow and s&p up for a third straight day. we are on pace for our best weekly gains of the year. wynn resorts is the best performing stock in the s&p 500. perrigo, edwards, united tech. let s party again, baby. you ve got it, brian. i m tyler mathisen. welcome, everybody. here is what else is happening at this very busy hour. shares of twitter soaring more than 10%. the strongest growth in monthly active users in more than a year. much better than expected earnings. after reports the white house is preparing an order to withdraw from nafta. more on this in a moment. and didi raising between $5 billion and $6 billion valuing the chinese taxi hailing service at about $50 billion making it the second largest vc-backed startup behind uber. we begin with president trump s big tax plan. we will get the details or at least the outlines of it. from what we can expect ....