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Finance miniature says minister says he sees the oil economy rebounding. Europes top court is set to a company or a tax platform. Where less than half an hour from the european open. Lets look at how things are shaping up in markets. We have the futures box ticked and that means we can see the percent missed price. If can see that for the ftse. We are looking at a negative open although very slight. As far as the continental indexes we could open up this morning. A lot of it has to do with the tax cut bill and we will see how it comes through. Take a look at the gmm screen. You will see some interesting as its moving on this screen. It shows us the biggest movers and different columns. Equity indexes, you can see the rop. Stocks eurostoxx d switzerland was a big one and the s p down. It is from an alltime high. The drop from an alltime high. As far as forex, these are assets that are trading right now. The yen down. 1 of 1 . The dollar down against the yen. The canadian dollar, Israel General , United States , United Kingdom , City Of , Rio Tinto , Saudi Arabia , South Lanarkshire , Janet Yellen , Nikki Haley , Teresa May , Arabia Matt , Bloomberg Matt , Sebastian Riksbank , Yousef Gamal El , Sees Oil , Oil Economy , Top Court , Court Set , Company Tax , Swedish Krona , First Word , Donald Trump , Senate Democrats , News Conference , Jobs Act , Theresa May ,
You can see that there are some raindrops on the camera. So thats probably left over from the showers. Everything is going to clear up as the sun comes up this morning. Our temperatures right now in san jose, 48 degrees. Cooler in the north bay where those clouds have moved through and theres no longer that cover to keep things warm. 40 degrees there. Concord 47. Oakland the warmest right now at 51 degrees. Your headlines are a few light showers, a breezy cool afternoon and ill tell you when more rain is on the way. Jaclyn. Well, 4 has been the hot spot this morning. We have tracked a number of separate incidents along this stretch of highway causing delays for many drivers so well begin with the newest one that were tracking along the bypass of highway 4 there, this is right near laurel road, a rollover crash blocking one lane creating a backup. Speeds drop below 35 Miles Per Hour. Your ride a bit sluggish out of antioch and then ....
The other kids in this country. Ultimately, the republicans have taken what they call a once in a Generation Opportunity on tax reform and squandered it on corporate welfare and tax cuts for the rich. Reporter still, republicans say the tax bill is really a gift to the u. S. Economy. This gets us better wages, bigger paychecks, a simpler tax system. This gets the American Economy competitive. The bill is still being looked over by experts and the consensus is that most americans will see their taxes go down next year. There are provisions having to do with property taxes and state and local taxes which will affect us differently here in california. Also, the individual cuts are set to expire so most americans will likely pay more once those cuts expire in 2025. Is the president expected to sign this before the end of the year . Reporter so thats big question. The wh ....
Bill this morning giving the president the victory. On his twitter page it says we are delivering historic tax relief for the american people. The message included a gift showing an animation of a holiday gift that opens to say tax cuts for christmas. We are joined by with more on the legislation in the presence of victory. Many americans might be apprehensive as they wonder how it will lower or raise their tax burden. Republicans are basking in a huge legislative victory. 11 months of the day since he took office trump celebrated the republican passage of an extensive rewriting of the u. S. Tax code. It has been an amazing experience. It has been done and 34 years. But actually it hasnt been done. He broke every record. Reporter what he came away with was a cut in the Corporate Tax rate from 35 to 21 mac top tax rate from 37 mac a doubling of the standard deduction and child tax credit. Republicans were effusive in their praise. A ....
Bill is a crushing blow to the middle class. Ultimately, the republicans have taken what they call a once in a Generation Opportunity on tax reform and squandered it on corporate welfare and tax cuts for the rich. Reporter lawmakers still have work to do before heading home for christmas. A funding bill still needs to get passed this week to avoid a government shutdown. In washington, griff jenkins, fox news. At t said today that it plans to invest an additional 1 billion into its u. S. Networks following the passage of the gop tax bill. The company also said it would give 200,000 employees a one time bonus of 1,000. The company says the provisions were a result of the tax bill which slashes the Corporate Tax rated from 35 to 21 . At ts current effective rate is 32 . Wells fargo says they will raise their minimum wage for employees to 15 an hour as a result of the bill ....