Markets


More information needed on Trump's tax reform plan More information needed on Trump's tax reform plan
- May 07, 2017

It is also possible a lower rate could encourage companies from overseas to come to the USA, companies attracted to our capital or consumer markets but who have chosen to stay away because of our tax rate. It is unlikely that the agenda of President Trump will make it through a divided Congress. That mortgage-interest deduction has been in the IRS tax codes since the income tax began in 1913. (more...)
Triumphant House Republicans vote to repeal Obama's health care law Triumphant House Republicans vote to repeal Obama's health care law
- May 07, 2017

McAuliffe said. "What [Republicans] are doing is they put people's lives in jeopardy". If the Republican Obamacare replacement won't remove coverage from people with pre-existing conditions , why are Democrats saying that it will? [P] rior to Obamacare, the vast majority of Americans with health insurance were already in plans that were required to offer them coverage regardless of pre-existing conditions. (more...)
US jobs data show some scars from recession finally healing
- May 07, 2017

There have now been 522,000 jobs added in Trump's firs three full months in office. Those jobs have climbed steadily since last fall and are now at a 27-month high. "The American job machine returned to form in April", James Marple, senior economist at TD Economics, wrote in a note to clients. The labor force participation rate, at 62.9 percent, changed little in April and has shown little movement over the past year. (more...)
Fed holds interest rates steady, dismisses first quarter slump as 'transitory' Fed holds interest rates steady, dismisses first quarter slump as 'transitory'
- May 07, 2017

Fed leaders meet again in June, and Wall Street predicts there's a 67% chance of a June rate increase, according to CME Group. Fed officials will hold their next policy meeting on June 13-14. What is interesting is how dismissive the Fed is of recent economic weakness, saying it is temporary and the fundamentals remain strong. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation ... (more...)
Alphabet reports strong Q1 on the back of booming advertising business
- May 07, 2017

Google reported earnings of $7.73 per share with their revenue up by 22% to $24.75 billion for the period that ended this March 31. In addition, traffic acquisition payments (TAC) continue to rise due to mobile ad revenue-sharing payments to smartphone OEMs, carriers and developers: TAC was equal to 10% of Google properties ad revenue, up from 8% a year ago, and 22% of total ad revenue. (more...)
Oil prices continue slide as oversupply concerns persist
- May 07, 2017

The benchmarks are trading around levels last seen before the joint deal to cut output was first announced. And yet, while many still maintain that prices will continue to rise gradually in the second half of the year, the timeline for higher prices is gradually being stretched longer. (more...)
Do you support the bill the House passed to repeal, replace Obamacare?
- May 07, 2017

No Democrats voted for the bill and 20 Republicans voted against it, including five from NY and New Jersey. The measure now heads to the Senate, where conservative groups expect the plan will be further negotiated before it is ultimately signed into law. (more...)
Congressman Comer on Voting for American Health Care Act Congressman Comer on Voting for American Health Care Act
- May 07, 2017

No Democrats voted for the bill and 20 Republicans voted against it, including five from NY and New Jersey. At a White House event, they heaped praise on their effort and brushed off worries that health coverage could be imperiled for many people if the Senate is persuaded to go along with the legislation. (more...)
Kushner family tries to pitch US visa for Chinese investors Kushner family tries to pitch US visa for Chinese investors
- May 07, 2017

Kushner's government ethics disclosure form shows he was a manager at or president of six entities associated with the Jersey City project until January. Recently, a Chinese insurance company backed out of an investment opportunity with Kushner's family to help redevelop their troubled office building at 666 Fifth Ave. (more...)
Trump opts to renegotiate Nafta instead of exiting deal Trump opts to renegotiate Nafta instead of exiting deal
- May 07, 2017

U.S. President Donald Trump signs an executive order during a ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington , U.S., April 21, 2017. "If we can't make a fair deal for our companies and our workers, we will terminate NAFTA". Let's see if we can make it a fair deal because NAFTA has been a terrible deal for the United States. (more...)
Buffett blames ex-Wells Fargo execs for fake account scam Buffett blames ex-Wells Fargo execs for fake account scam
- May 07, 2017

Buffett's comments and value Berkshire Hathaway as a long-term shareholder and customer", said a spokesman for Wells Fargo. Buffett added that the costs "will go up a lot more". Buffett told shareholders Saturday that Berkshire could do a very large deal because it has more than $90 billion cash on hand. Before the meeting, Buffett cracked open his first Cherry Coke at the Coca-Cola booth at 7:38 a.m. (more...)
Trump Administration Eases Michelle Obama's School Lunch Restrictions
- May 07, 2017

Schools will be allowed to serve 1 percent fat flavored milk- such as chocolate or strawberry - instead of white fat free or 1-percent milk only. The USDA will also grant exemptions from the current requirement for schools to serve only whole-grain-rich foods. The nation's school nutritionists cheered the news, saying the move will give them greater flexibility to provide nutritious meals students will actually eat. (more...)
Monaco edge closer to Ligue 1 title with Nancy win Monaco edge closer to Ligue 1 title with Nancy win
- May 07, 2017

Thomas Lemar added a third four minutes from time as Monaco made it 98 league goals in 35 games so far this season. This might have been an awkward trip for Monaco , three days before they try to overturn a 2-0 deficit in the second leg of their Champions League semi-final against Juventus. (more...)
Rights of EU citizens in United Kingdom are top priority — EU Brexit boss
- May 07, 2017

After initially dismissing the report as " Brussels gossip", May changed tack, warning Juncker she would be a "bloody hard woman". He also dismissed suggestions in London that the talks should be largely secret. This is the first time a member has ever left the EU, so these negotiations are taking the Europeans into uncharted waters. It said some members of Mrs May's Government "fear that Merkel and Juncker want Brexit to be a disaster for Britain for educational reasons: all ... (more...)
Delta apologises for kicking family off United States flight
- May 07, 2017

On April 23, the Schear family was kicked off of a flight from Maui to Los Angeles over an infant and a carseat. Another employee proceeded to approach the family to tell them that they couldn't use the vehicle seat to secure their child, citing a regulation by the FAA. (more...)
North Korea claims US 'biochemical' plot to kill Kim Jong Un North Korea claims US 'biochemical' plot to kill Kim Jong Un
- May 07, 2017

The country's Joint Chiefs of Staff has prepared a system called the Korea Massive Punishment and Retaliation (KMPR) that would involve surgical missile attacks, exclusive special warfare units and an ability to strike North Korea's leadership if South Korea feels threatened by nuclear attack. (more...)
SC experts say GOP health care bill likely to affect you SC experts say GOP health care bill likely to affect you
- May 07, 2017

Tester has always said that he will support any bill that increases access to affordable health care. "But very importantly, it is a great plan and ultimately that's what it's all about", Mr. But the bill does allow insurers, in limited circumstances, to charge more for a health condition that existed before the patient's coverage starts if that person has had a lapse in insurance. (more...)
India suffers $ 21 billion black money outflow, reveals global financial watchdog India suffers $ 21 billion black money outflow, reveals global financial watchdog
- May 07, 2017

An excerpt from the report reads, "Estimated illicit outflows from developing countries to the advanced world alone sum up to $ 620 billion in 2014 in the most conservative calculation and illicit inflows from the advanced countries into the developing world totaled more than $ 2.5 trillion". (more...)
Always Dreaming wins 2017 Kentucky Derby
- May 07, 2017

Always Dreaming, who was purchased at the 2015 Keeneland September yearling sale for $350,000, moved his career record to 6: 4-1-1 with earnings of $2,284,700. "Out of the gate, we didn't have any trouble", Velazquez said. "Once he got into a comfortable position he got into the bridle. He did it himself from there". (more...)
Federal Reserve Leaves Interest Rates Unchanged
- May 07, 2017

The New Zealand dollar fell after the latest Federal Reserve statement kept intact speculation that the United States central bank will continue with the two rate hikes it has flagged for 2017, starting with one in June. The decision to leave the target federal funds rate unchanged in a range of 0.75 percent to 1 percent was unanimous and widely expected by investors. (more...)

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