Stay updated with breaking news from Kevin warshaw. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fiscal 2018 budget resolution today. It will be used to push through 1. 5 trillion in tax cuts. David gora joins us now with a very special guest. I am joined by former treasury secretary jack lew. Let me start with the tax proposal. From congress and the administration signaling the importance of this moment. We have a framework. What is your reaction to what you have seen so far . You. It is good to be with it is just a framework. One has to be cautious because there are not a lot of details. Thereom what i have seen, are several dangerous ideas out there. The fantasy that you can do 6 trillion in tax cuts and have is just for themselves that, a fantasy. Fantasy may be good for fiction, but it is not good for fiscal policy. We have tried this before. It didnt work, and the deficit loaded each time. Years,is last couple of it was tried in kansas, and a republican state repealed this tax cut because it wasnt working. If the Congress Pu ....
The month, not just the Third Quarter. Like we are seeing a few new record highs we close on this day. S p in the nasdaq on track, so i will call the dow jones mostly unchanged. I want to look at the s p, on track for the eighth straight quarterly gain on tax reform. Trump coming out and saying tax reform will be the rocket fuel for the economy. And then the nasdaq here, up 6 10 of 1 , by far the biggest gainer of all of these. The last record close we had was on september 19. Keep up these games, we could see some new winners here. We are seeing a lot of these stocks on the nasdaq continue to outperform. They are driving the outperformance in the s p and the nasdaq. Im am focusing on facebook, that record high with 173. Closing in, but green on the screen. Deeper, micron technologys came out saying a market for the memory chips are good. So all of this playing in today. How do they compare that to the s p and dow jones because thi ....