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In and we are thrilled to have governor hutchinson here to join us at stat solutions to talk about the stuff in washington. Prior to winning the governorship a dea administrator undersecretary Department Homeland security during george w. Bush. So thank you governor for joining us. We have a lot to cover so lets get started. I that we would start with trade and talk about phase 1 china trade deal. Trade is a special concern in arkansas where manufacturing is crucial. What are you hearing from manufacturers and exporters and farmers about the phase one trade deal . How are people reacting to that and are they happy with the terms quick. Very positively they are reacting to the phase one trade agreement. To put into perspective, arkanasas is the home of Walmart International company that has huge investments in china, a big market for them, tysons food from arkanasa ....
The polls, we will take you live on highstakes election, could decide the fate of britain leaving the european. The war on wealth, new Study RevealsSenators Elizabeth Warren to tax the rich, falls short bringing in a trillion dollars less than what she expected, mornings with maria begins right now. Joining the conversation fox business dagen mcdowell, liz peek and forbes media chairman former republican president ial candidate steve jobs. What a hearing yesterday, testimony of Michael Horowitz in capitol hill, i personally think it was damning and incredible, Inspector General testified in Senate Judiciary committee on offices findings in regards to alleged surveillance abuse during 2016 elec ....
Its finally friday. Im out of control. Forget the working blues and let the good times roll. Lauren welcome to fbn a. M. Perfect song this morning. Let the good times roll. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. It may be friday the 13th but markets are looking pretty lucky this morning. Lets take a look at futures right now. Youve got green arrows, were in l rallying mode after yesterdays big market jump. The nasdaq closed on new highs after news of a neigh phase one. S p is up 14 and a quarter, nasdaq up 46. Lauren the hong kong and nikkei both gaining more than two andahalf percent. Cheryl in europe, a vic lap fovictorylap for Boris Johnson. The ftse 100 is up more than two and a quarter percent, positive arrows for the cac and the dax. Lauren sources telling fox business that a phase one deal with china has been reached. Heres what we know at this hour. China has verbally agreed to 50 billion wor ....
Nasdaq higher, 20 points s p 500 up a little over 1 point. This comes after declines for the major indices in yesterdays session. Dow, s p and nasdaq each closed lower by 1 . The s p 500 closing below its 50day moving average for the First Time Since march 28th. Look at treasury yields. See where theyre standing right now. The tenyear note at 4. 182 and the twoyear at 4. 908 , just below 5 . The tenyear yesterday hit 4. 2684 core inflation remained at 6. 9 , unchanged from the prior month, slightly above forecast. Pay growth continued to pose headaches for policymakers as wages grew 7. 8 in the quarter that ended in june were watching shares of cava this morning sharply higher the mediterranean restaurant chain reporting earnings per share of 21 cents since going public swinging to profitability from a net loss in a year ago quarter. Revenue of 173 million Beat Estimates of ....
Having an adequate revenue base is important. You are recognized. I think we all agree we have a tax cut that is 30 years old and despite having an economy that is vastly different than it was 30 years ago, i think we all probably agree we need to undertake a comprehensive tax reform. My concern, the concern of a lot of us here, for eight years we had ballooning just, well over 20 trillion. We need to put in place a tax code that promotes growth and is in a position to reduce the debt. I worry when i hear from this testimony where she states when trade deficits turn into surpluses the border adjustments will lose revenue. Mister lindsey, do you agree with the statement and can you walk us through the impact the assessments will have on the deficit long and shortterm . I will take 30 seconds to say what congressman sanchez said, this was a new idea that sprung out of some talking points, this was a tax structure that was discussed when i was in graduate school and considered i was not i ....