35 Burst results for "Eight Trillion Dollars"
Pete Buttigieg and Joe Bidens's Economic Policy
"Presumptive, Democratic presidential nominee Joe. Biden rolling out his economic policy today. He's going to travel the Pennsylvania near his hometown. Scranton the agenda slogan is build back better. His campaign team says that Biden will prioritize small business workers and plans to focus on inequalities that prevent minorities from reaching a fair economic plainfield. We're going to hear a lot more about the plan from Biden campaign surrogate. Buddha judge is going to the squad team and just. To remember that the broadcast news. What is it? Bring back better, a lot of alliteration for remember that quote from broadcast I can't remember what it was, but Yeah, BRING BACK! A lot of bs there. Build back better is the name of the former vice president's economic recovery plan. That is the work of task force between Biden and Senator Bernie Sanders the key idea. Bring critical manufacturing back to the United States with incentives for companies and seven hundred billion dollars in earmarked funding for government contracts for American firms and Research and development. The campaign says this will create eight million new jobs if that sounds similar to president trump's platform, it is. Thank you very much. Thank you all for being here. A. Last year trump signed an executive order that would prioritize American manufacturers. In certain federal contracts, the Biden campaign says trump's efforts are working and contracts to foreign companies are up thirty percent. Vice President Biden has said he'd raised three point eight trillion dollars by increasing taxes on individuals, making more than four hundred thousand dollars a year and reverse in corporate tax cuts. Now this roll today will include a speech outside Biden's hometown Scranton Pennsylvania and. And his one time rivals from the Democratic primary race remember that it was just a few months ago are out in force today to support the former vice president and his plan one of them join us on Squawk box, Mayor Pete, the former mayor of South Bend Indiana Peop- Buddha Jr here's Joe I'm just going to call you. Mayor Pete I guess we all just feel comfortable feel comfortable. Everybody does around here countering next radio. I'm going to so we understand the primary process, and you understand it as well as anyone and we've seen it on both sides. Sometimes, there is a tendency to move towards the. Basis with some of the programs, and then when when it comes to governing, maybe you become more centrist and I'm just gonNa tell you. Here's the headline for this mirror. A Biden to map and economic path delaying progressives, biggest plans and I think Kayla alluded to it that he's going to call for a moderate approach towards reviving the US economy. Is that how you see it? And is that the right prescription to win, but I think there's a lot of boldness and the level vice president. Biden wants to invest in America I. think that's not only progressive already, but it's something that people across the out. We're going to I. Think it's in keeping with Joe Biden's instance to bring people together, but I think it's also in practical terms. What makes sense early on? We need to invest in our own competitiveness. In order to grow your own, and in order to compete with increasingly powerful economic competitors like China, we need to make less dependence on Safai chains for critical goods and infrastructure light. We're seeing right now with armed soon which she's on countries like truck and we need to make sure that American workers come I to me that nets bedrock through what democratic are spout, but I do agree with you that you don't have to Iraq Democrats to see why this is a good at. was so in the plans were pretty expensive as you know. And it was pre pandemic, and it was pre-, twenty, five trillion wherever we are right now, so this is cost a lot and inflicted a lot of economic damage and. Hopefully we're GONNA. Come out of this, but it might take years so. I mean. Is there something to that that it's not the we're not in the same position to be able to maybe be as as as free-spending with some of the democratic programs. Do you think do you agree with that and? We're GONNA need to to try to pay down some of this that with our taxes. No Democrats go is one of the first to talk about deficits and the debt, but the reality is. We can't afford not to make these vestments score. We will see economy stagnate, and since we're in a moment of distort low interest rates, and since these kinds of investments every time America's none have paid off investing our competitiveness in our infrastructure in our manufacturing base. Frankly they have much irate return than tax cuts, so as economic stimulus goes. I think this is the right way forward. Of course we got to be smart about the investments remain, and of course you can't get something for nothing. But, if you look at the overall picture, where are headed? We don't have a choice and we can handle these kinds of investments if we make before it's too late to a the I think that lowering corporate taxes helped. Corporations, become more competitive. Bring money back I think it. It was somewhat responsible for what we're pretty good. Economic Times before the pandemic and terms of historically low unemployment rates across the board. And some of the deregulation. The vice president is going to reverse the at least a portion of the corporate tax cuts. Do you not think that that that that plan helped the economy, do you? Do you disagree that lower corporate rates were were a boom for the US economy, and it won't matter to reverse them. John, I'm very skeptical that those rate cuts should get hosted at credit. And by the way those rate cuts rent led directly to exploding deficits, and as part of the reason, why oddly enough not to be too partisan about this, but across my lifetime one hundred percent of democratic precedents seem. Deficits go down one hundred percent. Presences seem deficits. Go Up, but you can't get something for nothing. And will we gotta decide is what's a responsible at tat hats not deliver the kind of investments that make an economy. and. This isn't something we have to just use our imagination for we look at the evidence and the evidence across Merton. History is the one we're making robust vassals with responsible, but not excessive taxation, the gross but I. We've talked about it earlier that right now with where American businesses and how important it is to get the unemployment rate back down. It seems like not the most ideal time to raise corporate taxes now. We're going to need to pay down a lot of what we've spent. A and maybe. Rick Razor on wealthy individuals, but that may not raise enough either. Are you for a blanket raised in the marginal rate into what level? or What. What would you advise? Vice President Biden to propose for a marginal rate across the board. Well. I would advise him to look at the evidence and find levels of taxation. They're consistent with growth as they have been historically now, of course, in American history, the economy's growing much quicker under much higher marginal tax rates but I don't think we have to go back to what it was like in the in the sixties or seventies. Again. Period of in many of those faces product to depress looked online. Is You've got to pay for what you and we should be able to strike a balance in the United States, but what we can't do is continue with these deficit. Exploding tax cuts that we were told would pay for themselves. You can check. They did and now. That was before we got the situation. We are now the debts. It's why we need to make sure. We're looking at the investment side as well as the cost side what I really appreciate about the plan. That's vice-presidents laying out. Is it does? Mayor Pete just wanted to. We wrestle with this issue of taxes. All the time said it's one of the press. Two questions related to one is just simply the timing of a tax increase, and it's the question. We asked the vice president when he joined us now more than a couple of weeks back, and he said he would do it immediately. Even amidst this and the question I say is to the to the extent. There are small business owners out there right now. That are clearly struggling and trying to get up on their feet. Seeing a tax increase right in front of them. Just make the case if if that's the case you WANNA, make in terms of the timing. Of course there's going to be a look at conditions on the ground and a glass. Four months has shown us in really blunt terms. How quickly things can change and I know that a new administration will make sure that every step that takes this is consistent with what the right thing is to do based on what we see around us, but we also know is that small business will benefit from the kinds of investments that president housing. And that this country will be more competitive one and were not successful. When we're investing the foundations, no country can't get away with disinvesting in education in infrastructure and research the way we have, and for a very long and the longer you go disinvesting and all that. The the sooner it's GonNa catch to you for small and big business away, and you know we already reached a point. Where even when there were low unemployment rates, the American standard of living was not secure life expectancy down. It raises questions about how our economy has been lined up. This is a historic opportunity to make sure that it's working for more Americans and made just GonNa fall with with the other big debate around this table a lot. is about wealth, the the wealthy and philanthropy yesterday? Warren Buffett gave away two point nine billion dollars and. which is a great thing and philanthropy, and by the way has helped even during this pandemic in a meaningful way, but oftentimes those shares are never taxed as we all know, and so the government will never be a beneficiary and other taxpayers won't be a beneficiary of those successes. Do you think philanthropy should be taxed in any way well, it would make more sense for that to happen on the front end. Look, it's it's wonderful one. There are these major commitments such generousness by. Individuals, but we've also got to ask how things got so unequal in the first place, because if a little bit more that was making its way into a democratically guided process in other words, the kinds of Research and development that invent trillion dollar ideas like the Internet itself and Space Travel. Are we know our country is better off, and we gotta ask where the balances I would argue. Look thing about this. In the United States right now there is not one county, not one. Where a fulltime minimum wage were can't afford a two bedroom apartment time. There's somebody works for a living in a job fulltime. Can't afford to bed in the part. I would argue that if that were the case. If we had higher wages and more public investment, we wouldn't need to knots landing quite as much as we did. Mayor Pete the one thing that President Biden's plan has in common with President Trump says that it it really leans intimate in America and not just from a position rhetoric there looks like there are going to be real incentives real penalties to companies if they're not making things in America. Do you think globalization is dead? I don't think we have to choose between closing ourselves off investing in our own country on the contrary I think global. Market, we are more competitive when we are starting right here at home made in America is really news and the vice president's fine America initiatives. Really good news for us here. The so called belt where we know that we are Cape. Producing some the finest goods in the world, but there are so many loopholes or waivers in the system and. I think you all report it. You know. Australia's actually gone up an awful lot under this administration so I don't do this since. The president. Fighting. I view it as an opportunity for us to make sure that taxpayer dollars benefit American firms and workers first,
US government sees record monthly deficit of $737.9 billion
"Hi Mike Rossi reporting the U. S. government records its highest single month deficit ever in April the treasury department says the federal government racked up a record deficit in April due to a drop in revenue and massive spending to deal with the corona virus pandemic treasury says the government shortfall in April was seven hundred thirty seven point nine billion dollars the previous single month deficit record was two hundred thirty five billion dollars in February part of the April shortfall can be attributed to the tax deadline that was deferred from April fifteenth to July fifteenth so far for the fiscal year that began October first the federal deficit is one point four eight trillion dollars Mike Rossio Washington
Special Interview With Professor Scott Lucas On How Coronavirus Is Being Handled
"Now across the pond the US is also in crisis management mode at the helm a man. Who's long suggested? He's just the person to have around when back against the wool President Donald Trump but despite his early dismissals of the gravity of the global pandemic the chance to become in effect. A wartime president seems to have shifted his tone somewhat. But and it's a question we've asked before is rhetoric enough it's a question before of Scott Lucas the US politics professor at University of Birmingham and he joins me now. Good morning to you Scott. I guess that's the question first of all empty words again from trump or does he have the stomach for this kind of fight the very best thing that could be done right now in the United States as the corona virus Surgeons there is Donald. Trump is put into self-isolation Either he removes himself or officials effectively. Push him off to the side. Because you've mentioned roderick is not just the factor it's rhetoric that trump has issued a series of false statements damaging statements in recent days that he's refused to take vital action needed for example to try to get medical supplies to states and it really is up to others in the administration. Vice President. Mike Pence the chief doctor in the Administration Anthony Fauci to stop as well as all those state and local leaders who have been taking the steps that have mattered so far. It's interesting. Isn't it if we talk about playing politics with something that's more important than that. You've got Democrats blocking legislation. That would potentially pump a great deal of money into the US economy. But they're saying look. The Republican bill is itself Skewed it's politically biased. It's favoring corporate interests the usual rhetoric. How is it possible that we've having these kind of political? Footballs kicked around when the stakes. So high I think is really important to get the rips on. What's happening with that package about one? Point eight trillion dollars that's being discussed in the US Senate and it was held up last night. And that is it's not a question of blaming one side or the other that's when you play politics. The Senate Republicans have put more emphasis on bailing out. Businesses including sectors such as airlines Democrats. Were saying that you need to have some type of check on type on that money that it isn't just simply a giveaway at the same time you need to protect workers including those who are losing their jobs and most importantly to protect families who are affected by corona virus. So it's a question striking a balance between those two And again even as the bill was held up from final approval yesterday Chuck Schumer the Senate Majority Leader was say he expects that there will in fact being agreement within forty eight hours Scott. It's pretty hard to ask you. Who will be happy with situation as it stands because it seems like probably nobody Maybe it's more Germane to ask. Who's MOST UNHAPPY? Cuomo is not happy. Blasios not happy. There's people who are trying to get things done and they're all not happy. What do we go from here? I'm going to check politics at the door on that question when you talk about what state local leaders are facing such as an Andrew Cuomo New York such as the governor of Illinois such as the governor of Washington State Jay Inslee when you talk about equally important all those officials all those doctors. Those nurses are on the front line. They earn a life threatening situation because they do not have protective supplies. And of course Americans who were being treated or in a life threatening situation because the country not prepared for Corona Virus. Now we can cast blame for why the country was not prepared but it is a central now that all of the blame game is put aside and that in fact this country goes onto a quo as you put it wartime footing but one in which he gets leadership from those who will lead if not necessarily the man in the White House Sco. I couldn't agree with that sentiment but it does rather is it a challenging question. Which is this election season? How on earth do you fight a presidential campaign especially with The incumbent being the type of character he is given the situation your describe him. It's it's GonNa continue not nevertheless as we head towards the autumn. How can this possibly work in any way before in terms of the campaign? You'll have to ask. Joe Biden. Her Bernie Sanders on the democratic side. But my opinion is you don't and in fact. In recent days Bernie Sanders has turned over his campaign to fundraising for Corona virus and for meetings on Corona virus. Joe Biden is going to start making statements about corona virus to call for the leadership. That's needed in other words. Even as Donald Trump might go to twitter. And talk about the fact that you know. He's Hashtag winning campaigning. Ineffective suspended here and then we'll get to the question the summer about making preparations for the election. And you might as well prepare yourself. This election may have to take place and be the first first vote which is held by national postal ballot. That'd be pretty extraordinary skull and I'm always intrigued to know to wear one should look for Guidance I if not for president in these kind of situations score is there a time again outside of wartime that one can look to see how domestic politics function and frankly how society continues to function given the pressures you talked about the risks to frontline staff to vulnerable people reassurance? It I mean if you can there are precedents one can look at for how the US has got on top of problems like this. I mean this is unprecedented in the sense that we haven't had a pandemic since the influence outbreak after World War. One it killed tens of millions of people That we haven't had a situation outside of wartime in this sense that this is happening in twenty four seven social media minute by minute second by second in that adds a dimension to it. But here's the reassurance because I'm seeing it here in the UK as well as the US and that is at a time when others may not lead at a time when others may deceive or may rant about the media and about their political foes in community after community. I'm seeing people that are helping neighbors that are sacrificing themselves from delivering post from serving in hospitals from providing essential protection and it is at the community grassroots level that the heroes are going to be fine found and it is those actions those individual actions that you don't get in the headlines that I think made the difference in date that's hope so scholars. Thanks for joining us this morning.
What’s in President Trump’s Fiscal 2021 Budget?
"The White House released its budget proposal for fiscal year twenty twenty one president trump is calling for increases in national security spending and cuts in many safety net programs CBS news correspondent Natalie brand has details on the plan the trump administration's four point eight trillion dollar budget proposal for next year has landed on Capitol Hill reflecting the president's priorities if he is elected for a second term president trump touted his budget plan of the White House business event with state governors we're going to have a very good budget with a very powerful military budget because we have no choice the proposal calls for increased spending on defense the border wall and infrastructure it cuts non defense discretionary funding by five percent and makes changes to safety net programs such as work requirements for Medicaid and food stamps president trump has the plan sets the course for future of continued American dominance of prosperity some observers say it has little chance of passing in the divided
President Trump's proposed budget would slash social programs to fund defense
"President trump's four point eight trillion dollar budget for the upcoming fiscal year proposes billions more in funding of for defense we're gonna have a very good budget with a very powerful military budget because we have no choice yeah he but he says he would bring steep cuts to social programs analysts do and analysts say an increase as well in the
Trump tells Utah governor about Romney: 'You keep him. We don't want him.'
"Our politics lead today. President trump can't quit earlier today. The president spoke with the nation's governors. And and here's what he had to say to Utah Governor Gary Herbert About Utah. Senator Mitt Romney the lone Republican in the Senate who voted to remove the president. How's it been around me? The president trump on his vengeance store after getting acquitted and firing too key impeachment witnesses from their administration jobs as well as the brother of one of the witnesses and as C. N. N.'s Kaelin Collins reports for us. Now the president may just be getting warmed up today. The White House is standing in by the abrupt firing of two key. Witnesses in the impeachment inquiry they fired. They removed back to their original jobs. President trump has continued his streak of vengeance. Claiming lieutenant colonel. Alex deserved to be fired because of poor performance reviews while on the National Security Council though his attorneys called that obviously Asli False. CNN has learned before they were let go both Vin and anywhere Basseterre. Gordon Sunland or quietly planning to leave the administration. The trump didn't want them going quietly and fired them instead. Officials still claim it wasn't retaliation the president wants to retaliate. Because of the testimony testimony happened was in November and December. It's quite a while ago now in light of the firings Senate Minority Leader Chuck Schumer Today. Call the nation's inspectors general to protect whistleblowers whistle blowers telling the Pentagon vin was viciously attacked for bravely stepping forward. To tell the truth. The president is still lashing out at those he can't fire. WE'RE CONTINUING HIS ONSLAUGHT AGAINST UTAH. Senator Mitt Romney who broke with the Party and voted for impeachment. Romi you it today. Trump also touted his administration's four point eight trillion dollar budget proposal that features major cuts in eligibility changes in federal safety net programs like Medicaid food stamps and disability claims while boosting military spending. We're we're going to have a very very good budget with a very powerful military budget because we have no choice award now of course take. That budget is largely meaningless. It's a political. Political document is not actually going to go anywhere but this all comes as the president is going to have his first rally here in New Hampshire tonight since he was acquitted. Of course this is the first state that actually gave the President of Big Victory Twenty sixteen and we're being told by officials to expect him to make impeachment a cornerstone of his twenty twenty pitch to voters and expect him Antonin unrestrained tonight take all right Kaelin Collins with the wings live and let die playing behind her. Thank you so much. Let's chat about this so to Lou There is this push this spin by trump people that oh no. He didn't fire anybody. They were on their way out anyway but right after president trump fired sunland and had been reassigned from the National Security Council son. Donald trump junior tweeted this. Allow me a moment to thank and this may be a bit of a surprise. Adam Schiff were it not for his crack track investigative skills president trump might have had a tough time on our thing who all needed to be fired. Thanks Adam so I mean it's pretty clear what this was all about. Yeah yeah this is sort of a trump to step where he tweets something that maybe a little bit ambiguous that most people know what he's talking about and then his administration officials come out and say no he's not actually he doesn't actually mean that he means means something different and then eventually either the president or someone close to them spills the beans and says actually yeah. This is what I meant and I think it's pretty clear to anyone who's watching is that the president was waiting for his acquittal. Quito to get rid of and to target people he thought were disloyal. Even targeting the brother of a witness who no one in the White House and said why he was march out of the White House. The brother of Alexander intervenign someone who is not testifying was not part of this Ukraine scandal in any major way He was marched out of the White House. Unceremonious leave though. He's a veteran as well. So this is clear that the president is on a revenge tour and as Caitlyn said. There's a sense that more people could get caught up in this as
Trump rolls out conservative dream budget
"President trump sending his four point eight trillion dollar budget proposal to Capitol Hill today it includes money for border wall the president is expected to ask for only two billion dollars to continue the border wall but Pentagon funds are again to be diverted to the project in two thousand eighteen the standoff over border barrier funding eventually lead to a government shutdown and president trump's emergency declaration making military money available ABC's
Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts
"O. D. president trump's twenty twenty one budgets arrived on Capitol Hill the more than four point eight trillion dollar budget plan was delivered to the house budget committee calls for major cuts to foreign aid and social safety net programs senior White House officials explain the budget would reduce spending on food and housing assistance and Medicaid by three hundred billion dollars cut foreign aid by more than twenty percent while raising military spending the fiscal twenty twenty one budget also includes a plan to extend the GOP tax overhaul passed in twenty seventeen the package is likely to face an up hill battle though in Congress especially in an
Trump budget to face skepticism, overwhelming politics
"President Donald Trump is proposing a four point eight trillion dollar budget plan that rehashes previously rejected spending cuts while leaving social security and Medicare benefits on touched trumps fiscal twenty twenty one budget plan set to be released today is meant to confront trillion dollar plus deficits but it is unlikely to generate a serious Washington dialogue about what to do if anything this election year the budget's most significant policy prescriptions and immediate five percent cut to non defense agency budgets passed by Congress and seven hundred billion in cuts to Medicaid over a decade are non starters on Capitol Hill but the trump budget is a blueprint written as if trump could enact it with out congressional approval it's already being criticized by house speaker Nancy Pelosi I'm Julie Walker
President Trump's Fiscal 2021 Budget Plan Expected to Face Skepticism
"Well today president trump expected to release his proposed budget for the twenty twenty one fiscal year five to Jane metal reports there are some winners Benson losers the president's proposed four point eight trillion dollar budget would go into effect this October the start of the next fiscal year but it would have to be passed by the house where Democrats remaining control it would increase military spending to seven hundred forty and a half billion dollars NASA's budget getting a big boost twelve percent the VA up thirteen percent the president also wants another two billion in new funding for his border wall taking a hit non defense spending down five percent overall so called safety net programs from food stamps federal disability payments and Medicaid to Medicare prescription drug funding will see some cuts the EPA's budget being cut by twenty six
Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts
"Today the the trump administration is expected to unveil its proposed budget for fiscal twenty. Twenty one Monday today. Which begins October first is expected to total four point eight trillion dollars and reportedly calls for an immediate five percent cut in nondefense spending and reductions in safety net programs? Such as Medicaid and food food stamps and administration's budget is a blueprint for what the president would like to see in spending in a given year. Lawmakers have their own
Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts
"Tomorrow the president is expected to release his proposed four point eight trillion dollar budget for the twenty twenty one fiscal year if approved by Congress and that's a big yes it includes an increase in defense spending the VA budget up thirteen percent NASA's up twelve percent the president also wants to billion more for his border wall cuts coming in so called safety net programs and the EPA its budget cut by twenty six
Trump to propose cuts in foreign aid and social safety nets in budget: officials
"President trump is expected to release of four point eight trillion dollar budget on Monday the charts a path for the start of a potential second term he said to be proposing steep cuts to social safety net programs and foreign aid and higher outlays for defense and Veterans White House budget reflects an administration's priorities and represents just the opening bid in spending
GM Stock: Is No. 1 U.S. Automaker A Buy Now?
"Has been on the tip of everyone's tongue lately lately but our Dan Nathan season other auto stop. That is ready to read higher. He's over the plasma for a fast pitch. Dan It's all yours let's talk about. Gm a little bit like as we were just talking about the other other one the The Tesla here. The fever might have broken a little bit. There's obviously a lot of excitement. I mean Kathy would just laid it out excitement about the opportunity Thomas. Obviously Electric vehicles is a big one. But I think to not think about this as it relates to. GM would be a big mistake. The company reported there and they got it for twenty twenty today and miraculously Scott Stock was not down. Its competitor is down nearly ten percent on its outlook here. So after that strike last year the Q.. Four was a bit of a disappointment. I think investors are okay with the Stock Valuation here trading at mid point of the five year range here and they possibly see some upcoming catalysts for this thing. You Obviously Watch Super Bowl. You saw that King. Jane's the goat in the NBA is going to be hocking their Electric vehicle they're Hummer. That's going to be out in May or at least released in May and that that might be a catalyst for the stock going forward and then today the head of their crews unit. That is the autonomous driving unit was talking. We're not some big big numbers about the opportunity. There maybe eight trillion dollar market. For ride hailing autonomous. They have a big stake in crews. That could be a catalyst for this stock going forward and then lastly let's just look at the technicals here. You know to me this thing might set up as a really good trait into the spring especially if we have a stable market. Let's go to the charts. This is the one year charts obviously been in a pretty well defined down trend. It's down about sixteen percent from its fifty two week highs but look at this low last week you can just draw a line make a nice little double bottom there. It's really got a hold that thirty three level level but to my eye you might be able to see a breakout of that downtrend on any decent news going forward and then the last one I just WanNa look at. This is the TRAE This is the chart since it's two thousand and ten re IPO after the financial crisis here. There's the line that's the uptrend you see that. It held it to a tee as my main man Carter would say to the petty to the the Penny. So that's really weird. You WanNa stop this thing out and I'll just mention another thing. If you want to do this you want to look out to the spring. And you want to say that that e- launch could be a big catalyst catalyst for this company. And then maybe some enthusiasm about Tesla flows into some of these competitors are coming into the market. One Way to play this is you could look out to June expiration. The June thirty five calls with the stock at thirty five dollar eighty. That's five percent of the stock price. That is your stop in this thing. So I like this as a define risk trade right here and the stock sets up up pretty nicely. It's fairly cheap. There's some catalysts obviously if we have an economic downturn globally. They're going to sell less cars. This is going to break. That's why I think you defined your risk in this one
Low mortgage rates forecast for 2020
"Total U. S. mortgage debt has reached a record fifteen point eight trillion dollars according to the federal reserve now that number includes not just homes it also counts farms multi family and commercial mortgage death but homes are the biggest chunk of that debt eleven point one trillion dollars there's a strong surge of people applying for a mortgage in the first full week of the new year according to the mortgage bankers association purchase applications were at the highest level in over ten years and the volume of refinance applications was double what it was just a year ago Joel Kahn associate vice president of MBA says it's a strong start to twenty twenty and he predicts that refinance activity will remain robust at least in the first half of this year even though rates are at least our forecast for rates is below four percent for rates to remain relatively flat bars do need a bigger rate instead of right now to come back to the market on the purchase side things are still supported for purchase market growth so we do expect purchase activity to continue to grow throughout twenty twenty Khan spoke in a video produced by the mortgage bankers
Saudi Aramco starts trading, gaining 10 percent
"Saudi Arabia state owned Aramco oil company started trading on the Saudi stock exchange today for the first time after its mass of twenty five point six billion dollar initial public offering that made it the biggest IPO in history the stock gained ten percent at the open the daily regulatory cap hit in the U. S. equivalent of nine dollars thirty nine cents at that price the company is valued at one point eight eight trillion dollars more than the top five oil companies including Exxon chevron and B. P.
Saudi Aramco starts trading, gaining 10 percent
"And Aramco I don't have to call okay Saudi Aramco they began trading it re out this morning and she has put tile by the daily limit of ten percent it's now the world's most valuable company one point eight eight trillion dollars and washes away be sold in the next month to meet demand but interestingly because mera not much of the shares of the company is up to one point something percent of the actual shares involved right oooh que you let's talk now to Bloomberg's anti depaola who joins us live on the line from to buy all that sent me I mean clearly a good opening for them no through the two trillion dollar mark that but but still pretty good hi good morning yeah that's right ten percent off that's live it up right at the at the get go for trading for Saudi Aramco so they could actually hit that two trillion dollar valuation tomorrow if we see another trading day when they go ten percent up there is a lot of domestic support for the IPO a lot of domestic investors bought into the they were getting a favorable bank loans in order to be able to buy a shares there are some incentives to the local investors to keep the shares so it seems like we would expect to a lot of local investors to keep that stock a lot of the institutions to keep it as well too so there is a support structure built around those shares to make sure they stay elevated and it's very important to the crown prince who really push this I. P. over the last four years it's very important for him to see the IPO be a success and to to keep those those shares elevated of course some of the success that that the prince wanted in the beginning of the IPO didn't come about because they didn't get that size of foreign cash that they wanted in this in this Akio yes and a great have you with us on city although this might be a day of celebration in Riyadh and certainly a lot of the images suggest that it is there are definitely some reasons to be worried about the long term health of this listing on that what they initially wanted a list of five percent of the company they put one point five percent of the company on to the market that was because a lot of the a bigger and international social this is just simply said it wasn't it wasn't worth as much as what the as with the crown prince said it was they were concerned about issues like long term oil demand the fact of other alternatives coming into the market that will displace oil they're also worried about a lot about issues around a climate change the backlash against plastic one of the areas that study room because really looking at for future demanded for underpinning the demand for its oil his petrol chemicals they want to turn up and about three million barrels a day that's about thirty percent of their of the oil that they currently produced in the petrol chemicals in the future they wanna make things like like plastics not just plastic bags and bottles of these kind of things that that that currently the backlash against but all all kinds of the products that go into cell phones stereos car bumpers of clothing even so there's a lot of products that they want to get into that's all part of the Saudi Arabia's shift away from dependence on oil they want to create new industries there technology knowledge based industries and consumer industry so this is really a part of the key around the Saudi diversification and and the reason why of the prince wanted a seller and co of course he wanted to bring more foreign capital into the kingdom then they seem to have gotten from the site PO but still that's not stopping the shares from getting off to a barnstorming start this morning all right Anthony thanks emergency depaola live on the line
"eight trillion dollars" Discussed on WNYC 93.9 FM
"This makes the company with one point eight trillion dollars supporters of independence have won an overwhelming victory in the referendum on the Bougainville islands the authorities say almost ninety eight percent of those who calls that ballots bags separation of the South Pacific islands from Papua New Guinea and what's being seen as a major defeat for Hong Kong's Beijing back to authorities a group of international experience is resigning from his role in investigating the temperatures police force the panel said the police watched okay to advises couldn't properly investigate reports that the police had used excessive force against protesters the B. Morris quakes on whites islands in New Zealand leading to further delays in the recovery of the victims of mold of Monday's full kind of corruption experts said the tremors are likely to continue they've been angry protests in Mexico against a painting of the revolutionary leader Emiliano Zapata striking a chord pose on a horse notices he wanted to link the revolutionary leader to the struggle for LGBT rights but the protests in say the naked portrayed mocks him BBC news hi Adrian this is Laurie calling hi are you hello and welcome to in the studio from the BBC world service see recent meet some of the world's most creative people and finds out how they think and work I think there are two things we could do that one would be the office here in how would work and what we're doing yeah another one hundred features thank you Khan architecture center if our project I'm a lucky she and Reese and I'm heading to Chicago to meet Adrian Smith the man who designed the world's tallest building Burj Khalifa in Dubai is designed for judges how in Saudi Arabia will take over the title once construction is complete with the building more than one kilometer high I want to find out what motivates amount to keep building toward that and I want to understand his personal ambition for creative architecture a tourist kind well the problem of your national I need a tree in the Chicago architectural center Adrian's phone designed this two story building which overlooks the Chicago River and its houses models of many famous architects buildings from around the world this is the model of for the Chicago area as well central area going down to John Hancock and over to McCormick place it.
Saudi Aramco IPO to Have Lower Valuation
"Saudi Arabia will lower the valuation of oil giant Saudi Aramco to insure its I PO is a success Bloomberg has learned bankers will target evaluation of one point six two one point eight trillion dollars down from the two trillion earlier suggested by prince Mohammad bin Salman this is after the prince gave the green light to the I. P.
"eight trillion dollars" Discussed on Newsradio 700 WLW
"Photo shoots she was trying to pose seductively in a Lamborghini her heel slipped off the brake and she accidentally drove the Lamborghini into a pool well which is nice what you make it I don't believe she was naked but the car is ruined we have pictures of that I got a text here from Jay Phillips the superintendent that deer park who says they've tried to schedule Korean high school now for several years in Coleraine is stuck in the park is that true or not I don't know who is the new coach of coloring it was Tom bold's I think it was I didn't ask you that is the new coach I don't know I can't remember his name it's we get a hold of him and telling the park once you will they probably already got the schedule made this year the pie you know one eventually play of twenty twenty seven where it never why not Rachel please continue really this bill Cunningham stadium built by then at sixty eight trillion dollar stadium over there when you quit talking Rachel we you we also still have the video of the girl going face first into a bird on a roller coaster you seem to have that yeah you're pretty much like I really enjoy the video I love yeah so supposing Favio is I think I think Bobby hidden I've not had a Hawker an eagle or something that was the best you try to be so cool and dignified but as four heads wide open his blood pouring down he's going to be closing at bird got to this hair and he had a complete the ride with them in a way I I don't mean to minimize imagine being on the base and suddenly someone hit your head and you but I'll tell you what will you come home what do you do it's not like say let me off no no he just complete the ride bleeding and this poor woman I'd that's funny you see she was was fine now I mean she did not get hurt at all it was maybe a couple small bruises and scratch from the beak of the bird we can't speak to the bird the bird looks like the bird got the front of it the worst of it but for yeah I'd like that tie that Randy Johnson hit that verna ball game will never happen again of course you.
"eight trillion dollars" Discussed on TalkRadio 630 KHOW
"The overall price tag is more than forty trillion dollars in the next decade. You recently said in an interview that increasing taxes on the very wealthy, plus an increased corporate tax rate would make two trillion dollars over the next ten years. So where's the? To in case you missed that to two trillion. So she's only thirty eight trillion dollar short. Hey, no big deal. Right. Thirty eight trillion dollars gonna come from things that we need to realize when we look at something like Medicare for all Medicare for all would save the American people a very large amount of Miami. What we see as well as that system. Does your brain hurt? A new your ears hurt. But does your brain hurt are not just pie in the sky? They are many of them are accomplished by every modern civilized democracy in the western world, the United the United Kingdom has a form of single payer healthcare Canada. France, Germany, what we need to realize as he mentioned. Sweden. Because I want to talk about vegan that these investments are better, and they are good for our future. These are generational investments. So that not just they're not generational spending. Remember every time you hear a politician. I don't care if it's Republican conservative a liberal view here. Any politicians say we're going to invest got. I'm so sick of that. That means they're going to spend your money your hard earned money. Matter of fact, your great grandchildren's money because we're still borrowing a boatload of that money to our term bandaids, but they are really profound decisions about who we want to be. The professor who I wanna be. I wanna be her. I do I want to be Alexandria Cossio Cortes Turkey. You got really nice clothes. I can quit wearing white shirts. All the time. I could just get these nice outfits. I could have Bloomingdales or, you know, I don't know. I can't think of any what are some big name fashion, Mr. places on Fifth Avenue, Angie or on Fifth Avenue. I dunno. Rodeo drive. I'll go to rodeo drive and get outfitted for my photo shoots. And I just want to live in, you know, sometimes don't you just want to live in a in a fantasy land. If you're smart you understand economics, understand politics. You understand the culture you understand social social policy understand all this stuff. Sometimes don't you just want to be like them. Be so much easier as a nation, and as an how we want to act as the wealthiest nation in the history of the world, which we won't be. Of course, if we keep going down this path of spending money that we don't have. It's the ten year anniversary this week of the. Financial crisis. Tenure anniversary right now. I I get that. But the price tag for everything that you've laid out in your campaign is forty trillion dollars over the next ten years. I understand that Medicare for all would cost more to some wealthier people and to the government and taxpayers while also reducing individual healthcare expenditures. But I'm talking about the overall package you say, it's not pie in the sky. But forty trillion dollars is quite.
"eight trillion dollars" Discussed on State of the Union with Jake Tapper
"The overall price tag is more than forty trillion dollars in the next decade. You recently said in an interview that increasing taxes on the very wealthy plus an increased corporate tax rate would make two trillion. Over the next ten years. So where's the other thirty? Eight trillion dollars gonna come from. So we need to realize when we look at something like Medicare for all Medicare for all would save the American people a very large amount of money and what we see as well as that these systems are not just a pie in the sky, they are many of them are accomplished by every modern civilized democracy. In the western world, the United the United Kingdom has a form of single payer, healthcare, Canada, France, Germany, what we need to realize that these investments are better and they are good for our future. These are generational investments so that not just they're not short term bandaids, but they are really profound decisions about who we want to be as a nation and as and how we want to act as the wealthiest nation in the history of the world. But the price tag for everything that you've laid out in your campaign is forty trillion dollars over the next ten years. I understand that Medicare for all would cost more to some wealthier people and to the government and taxpayers while also reducing individual healthcare expenditures. But I'm talking about the overall package. You say it's not pie-in-the-sky, but forty trillion dollars is quite a bit of money and the taxes that you talked about raising to pay for this to pay for your agenda only count for two and I, we're going by left leaning analysts. Well, when you look at again how our healthcare work's, currently, we pay much of these costs go into the private sector. So what we see is, for example, you know, a year ago I was working downtown in a restaurant. I, I went around and I asked how many of you folks have health insurance. Not a single person did because these there were paying they would have had to pay two hundred dollars a month. For four payment for insurance that had an eight thousand.
"eight trillion dollars" Discussed on Black Agenda Radio
"This is black agenda radio, a weekly hour of African American political thought and action. Welcome to the radio magazine that brings you knew scum and Terry and analysis from a black left perspective. I'm Glen for the long with my co host Nelly, Bailey coming up black political prisoners have been languishing behind bars for half a century, but are only now getting some major media attention and are black people's individual identities more deeply rooted in the social life and fortunes of a larger black group will talk with the author of the book consent not to be a single being. But first apple has become the first corporation and fishery to be valued at eight trillion dollars. But what kind of milestone is that we put that question to Dr Anthony Montero the Boise and scholar who is active with the Saturday free school. In philadelphia. Apple is more of a brand in terms of branding America as the center of technological advance and hence the suitor. But as you point out, the majority of people who worked for apple are people making probably the minimum wage in apple stores and most of the producers manufacturers of apple products in China, and they won't have jobs that long because the apple iphone and other devices will increasingly be produced by robots. But the larger question is, what does apple represent in terms of the world and the future of capitalism or one of capitalism, what it represents is the fact that capitalist. Production is the child of finance capital of Bank capital, and therefore it does not produce anything that is of great value to the people of the United States, especially working people a crumbling infrastructure, a crumbling education system, all across the country. People are poorer now than before the great recession and the country is in political turmoil. But apple has reached a trillion dollars. It is in many ways, a meaningless achievement for the vast majority of the American people. And for the people of the world is far as that is concerned. This in many ways, it demonstrates the dual trajectories in the present hero. With those who have capitals seeing their holdings, increasing exponentially, and the high tech sector, which is increasingly a big capital sector, booming, but regular working people in a more precarious position than ever. Absolutely, which brings us to a topic that is seldom discussed, and that is the nature of who actually rules this country. And I'm of the opinion that we are under perhaps the most gruel form of the dictatorship of finance capital. They control not only corporations like apple and move their money off shore to the Cayman Islands or to Vietnam, or to China or wherever labor is cheapest, but they also control the the. Entire economy, they control the political system. They control the culture, they control out access to information. They control Facebook and Twitter and Instagram..
"eight trillion dollars" Discussed on WGTK
"But here's the rule of thumb these are cbo numbers is the government's congressional budget numbers not not numbers by people who are trying to make a point one way or the other and that is if the economy grows at three percent year instead of two percent up one point a year for a decade the government nets just through growth no tax increase and i got two point eight trillion dollars over ten years if you go from two percent growth obama levels to four percent growth ronald reagan numbers it's over five trillion dollars additional revenue over a decade you know every once in a while the democrats talk about some massive tax increase and they're talking about a trillion dollars or one point four trillion it's obama wanted and couldn't get in the second half of his presidency you do twice as well by growing at three percents to percents so instead of fighting around trying to figure out who to nick and take more money from people and slow economic growth and probably actually lose revenue if you'd focus on growth you'd have to you'd have twice twice what obama was desperate to get in taxes through growth growth is the best way to reduce the deficit one eight hundred nine five five seventeen seventy six our trade wars and increased tariffs say threat to growth they are and it's it's a challenge because trump has done so well on deregulation against all the headwinds.
"eight trillion dollars" Discussed on KDWN 720AM
"Hundred and eighty billion dollars or whatever it was or one point eight trillion dollars billion dollars in the iranian deal now people are talking about this news but if you remember that one point eight trillion billion dollars excuse me was money that we weren't gonna know about that got leaked and when we found out about it we we tried to hold their feet to the fire chuck schumer himself and i really should have cuts on this came out against the rainy and deal and now he's against what trump is doing we have a new sheriff in town ladies and gentlemen we have a man in the white house there's got balls okay any surrounding himself with others who have balls pompeo bolton kelly these people mean business and i'm here to tell you we're getting things done three people released if they're north and south korea can be made peaceful if some mural in all we hear about as a hooker and if you got paid for sexual hooker named stormy daniels in the news and an attorney who looks who's actually if i was a lawyer i kick his ass because all he's doing is making attorneys looked like they are there's dislike balls and next next that's my segment now in new york state this week yet the third attorney general in the state of new york to embarrass the office eric schneiderman in two thousand fifteen was called out by trump because trump said if you thought spitzer weiner abed wait tc schneiderman well obviously turns out to be true now eliot spitzer got busted for being a man like to play around with hookers he's gone we need i mean weiner like just show as weenie to kids on on facetime and now we have a man who says if you don't have sex with me i'm gonna beat you're buying and he's slapping fellow democratic women upside the head i mean can you imagine the disgracing the three straight times i think the straight people who represented the ag's office.
"eight trillion dollars" Discussed on KBOI 670AM
"The united states would run an annual deficit of over a trillion dollars when we have full employment economic growth nine years into a recovery if there was ever a time for a balanced budget it's now we have the office we're going any other direction because of this recent spending bill that was passed by congress that blew the lid off of everything the freedom caucus ever believed it blew the lid off of everything the tea party ever believed in about fiscal responsibility they below at the smithereens adding on all the additional deficit uh activities it's going on you can throw in the tax cut you can throw in anything you want because the estimate right now is they're going to about one point two trillion dollars in the next fiscal year starting october first now add these numbers up in the fourth quarter of this year we will be needing to finance in the open market close to two trillion dollars annual in new financing think about it because i and i'm talking about the marketplace year the marketplace will have to finance this supply because you're going at once we get into the fourth quarter you'll have this six hundred billion annual rate of quantitative tightening with these securities being thrown into the open market accompanied by an annual deficit rate of one bout one point two trillion based on current numbers starting in the fourth quarter of this year which is the first fiscal quarter of the next government here one point eight trillion dollars thrown onto the bond market let me ask you a question you think interest rates will go down with us supply with the economy a full employment with inflation skin concerns on the on the radar screen i don't think so you think they'll stay the same well that would be interesting wooden given that supply or do you think they'll go up so far there going up and the last year and a half they've more than doubled even the 10year treasury and by the way the thirty years also gone way up to over three percent now so these are questions that are investors are are are pondering and one of the.
"eight trillion dollars" Discussed on BizTalk Radio
"To com or giving out bonuses and i renew reinvesting in the company to create new jobs eight trillion dollars added to the to this us economy uh w what we're looking at uh more and more benefits and it's a lot of this is not only precipitated by tax reform but by the tremendous cod of regulations and it was two to one for every regulation that was going to be added trump was gonna cut to we're seeing cases where it's three and four this stranglehold is finally off these corporations it so they'll be hit it so clear companies grow the creates opportunities for new jobs in for people it creates more revenue more jobs i you know i i've heard a repair democrat line let's expand unemployment for another thirty six weeks it will stimulate the economy a my crazy how can this be happening how can they be saying this is a just cleared chance gagarin of his administration well yeah i can't stay what's in their hearts and minds but talking about expanded unemployment benefits when when the economy is probably going it's it's already below what you know greenspan had said was the national unemployment rate which will create inflationary pressures of their do right now people can't find workers to fill the jobs they have olsen sees the length of time that jobs are open for the filled is starting to push up into not record high territories were pretty high so uh yeah the fact that this is not the time when i think he needs to truly expand unemployment yeah that to say i i you know i i i'm not trying to fend anywhere and take any political sides here but there is a skills gap so even though unemployment is so low and it's taken a long time to fill these jobs there are there's a there is a mismatch between the skills people have in the skills people need especially with some.
"eight trillion dollars" Discussed on The 45th
"A bit about the hurricanes in you know in different natural disasters and not at all about climate change itself but about you know the heroes who responded the first responders once again he talked about the las vegas shooting the shooting of congressman steve scalise he but no mention of gun regulation he's got a lotta time talking about what he has done for the economy creating all these new jobs lows unemployment blah blah blah he said that he has of his one year in office has created eight trillion dollars value in the stock market and spent a long time talking about dimmer cat tax cuts and reforms he took a moment to to give his shout out to god he said that's our country is not about government not it's about fate that's about the odd i thought that was interesting about me it was kind of a kind of didn't fit like where he threw it in but there it is as a man of god i this did you guys watch his his pre court nominee sitting there watching the speech when he even talked about the new judicial appointments and then said you know we we got a supreme court justice on the bench the camera panned to two gorsuch end he i he was like leaning over i think and as he said he was saying something to sotomayor and he didn't even smile he just was like stonefaced hold because he knows that his legacy is always going to be tied to trump and people who look republicans aren't that stupid which makes what they're doing that much more insidious right now the styming of iman investigation enabling and emboldening are emboldening trump administration at.
"eight trillion dollars" Discussed on KQED Radio
"Market is smashed one record after another gaining eight trillion dollars and more in value so describe how important it is for republicans to coalesce around this message this year they would love nothing more to talk about that and nothing else for the rest of the year and run on that know the economy does continue to make steady progress republicans want to run a midterm campaign pointing out that pointing out their tax cut bill that that just past they've been promoting the fact that a lot of big corporations have been handing out bonuses are announcing investments and saying that's because of the tax code but of course we've been talking about many other things the news is focused on many other things often negative for republicans and that's by and large regularly because that's what president trump chooses to talk about two tweet about to focus on great we should just no no mention of robert muller last night no mention of the russia investigation something that has plagued his first year but lov on his twitter feed a lot on his twitter feed indeed so mara after the big the main event the state of the union this is the moments that than the opposition party gets to respond and democrats chose congressman joe kennedy familiar name familiar family of massachusetts to give the official response let's listen to a clipper this bullies may learn to punch they may leave a monk but they have never not once in the history of our united states managed metro strength and spirit of a people united in defence of their future now joe kennedy was the official response but maher there were by mike i mean there are four others right i mean a dangerous for democrats to look fractured in this moment i don't think it matters how many democrats gave a response to the state of the union joe kennedy was the official response and you know republicans started this the in the era of the tea party they used to have multiple responses to obama's uh state of the union's i think the time for democrats to be united is in 2020 right now they're just trying to win a lot of congressional races but uh joe kennedy tried to make the argument against donald trump without mentioning his name based on values and morals he tried to get away from identity politics he was speaking in front of a.
"eight trillion dollars" Discussed on BizTalk Radio
"Company so far and more to come giving out bonuses and i i renew reinvesting in the company to create new jobs eight trillion dollars added to the to this us economy uh w what we're looking at uh more and more benefits and it's a lot of this is not only precipitated by tax reform but by the tremendous cut regulations and it was two to one for every regulation that was going to be added trump is gonna cut tool we're seeing cases where it's three and four their stranglehold is finally off these corporations it so i mean it it's not clear companies grow the creates opportunities for new jobs in for people it creates more revenue more jobs i you know i i've heard a report democrat line let's expand on employment for another thirty six weeks it will stimulate the economy a mike krisi how can this be happening how can they be saying this is a just the chance gagarin of this administration well yeah i can't stay within their hearts and minds but talks and you're right expanded unemployment benefits when when the economy is probably getting it it's already below what you know greenspan had said was the national unemployment rate which he'll will create inflationary pressures of there you right now people can't find workers to fill the jobs they have opened the the the length of time the jobs or of open for the filled is starting to push up into not record high territories but pretty high so uh yeah the fact that isn't it not the time where i think can be to truly expand unemployment yeah that said i i you know i i i'm not trying to find anywhere take any political sides here but there is a skills gap so even though unemployment is so low when it's taking a long time to fill these jobs there are there's a there is a mismatch between the skills people have the skills people need especially with some of the states that have put in me minimum wages uh laws because that's pushing lowskilled labour out in favor of robots and selfservice and things like that too there are a lot of lowskilled labour said eddie getting pushed out of the workforce due to higher minimum wage uh requirements and and those people are going to have a tough time finding jobs so.
"eight trillion dollars" Discussed on WTMA
"Percent or twenty percent most of those job creators employers tell the national federation of independent business is they will reinvest that money into their companies they will pay their workers more they will give better benefit gates and they're inventory and the reach and they will keep their is jobs in this plants and their workforce in this country went to repatriate that two point eight trillion dollars it's been legally parked overseas back to this country wealth and jobs overseas now bring it back here bring it all home that's the president's goal route losers president trump is of course our first billionaire president and people think they're hearing well you know some people who make a lot of money who have done very well band up paying more is that true current of the prison is always said that uh people will hire account ones in attorneys to get them to pay as little taxes possible that's that's the but with the president wants to do is make sure that those who are hiring foe says you are in charge of hiring our job creators and our employers in this country are the two things are that they don't pay thirty five percent in taxes that a small business owners don't pay thirty five percent of taxes they'll have the pass through filers like i was for twenty two years is a small business owner they will file at twenty five percentage the other thing that he wants to make sure that happens is that people have the american dream of building a parallel universe you the traditional workforce and converting a hobby or a skillset into their own small business can can take.
"eight trillion dollars" Discussed on Bloomberg Radio New York
"Is bank of america corporate data outpacing to seven point two percent returns on us highyield bonds and five point nine percent for investment craig corporate securities and they're expecting more come next year so just i mean giving idea though of the investment flows that are going into this well um we we expect that fell these something on the order uh uh one point eight trillion dollars mortgages originated in the coming years some of that is uh we can am thing activities something like uh between uh thirty and forty percent of that will be people refinancing existing mortgage is so uh not all of that will be uh uh nazi we'll be uh nap new issue all that says significant uh edition in credit markets and it's clear now that credit quality a strong uh people that by houses uh r a approved the credit conditions that suggests they'll continue to pay so uh with some out on relatively lower expect to sell around thirteen billion dollars of credit risk transfer securities in your main programs next year soap him it looks like you know they'll be a lot there for investors play ramat yes no you don't doug maybe you can just all also just give us the so detail about your mortgage lending sentiment survey that came out the for the fourth quarter and it says that mortgage lenders that looking at twenty 18 with a negative outlook on profit margins mainly because of competition is the constitution emerges because the re there while we expect home purchase those sales to rise that will not rise as much as we finances will drop off so the feted they're going to tighten uh additionally in two thousand eighteen we expect at least two uh fed increases if economic growth accelerated too a little bit rates will move up and uh that will take more people out of the potential refinancing and the downturn in what you can an thing uh being greater than upturn can.
"eight trillion dollars" Discussed on KQED Radio
"Repatriation provision in the tax overhaul package that the republicans are proposing so there's about two point eight trillion dollars of these foreign profits currently booked offshore and the tax bills would say that we're going to subject them to a one time techs right now that tax rate is much much lower than the current 35 percent stecher tree right so in the senate it's a top rate of fourteen point five seemed for cash and seven point five percent for other types of investments republicans argue that the repatriation provision will help create jobs what do you think of that argument well we know that that's a promise that is unlikely to be a fruit because we've been through this before in two thousand and four congress enacted a cycle tax holiday which actually gave a text cut on those profits to lure companies back and multinationals repatraited more than three hundred billion and profits said a greatly reduced tax rate and there are multiple independent academic studies that showed that they didn't increase in basement doesn't increase jobs in fact the top fifteen repatriating corporations cut the us workforce's by twenty one thousand people and the three is after the holiday of all of this goes through what would happen to profits that are required after the ruling look would accompany the crew revenue and each them they want to bring the prophet home they'd have to pay another tax not only is it a problem that has been at discount at right on poss profits but the proposal is to transition to a system that would give up imminently lower right to any foreign profits that us multinationals make so the senate bill for example sits twenty percent corporate tax rate on us prophets but a rate of ten percent will lease on foreign profits so they will be the allowed permanent incentive to shift profits offshore the senate bill has set up a few different socalled god rails to try to prevent that the thing that's ironic about those god rails is that it actually creates new incentives to shift real operations offshore zhiqian the lower tax rate you'll not subject to this minimum ten percent tax on foreign profits if the profits of from manufacturing offshore the.
"eight trillion dollars" Discussed on Bloomberg Radio New York
"The story there is no doubt that they carved out the we are going to be the low cost provider anywhere we go and that's a big part of what they do but it's only apart and it wouldn't work without all these other things and aspects to vanguards philosophy we talk about vanguard as this mammoth company help us understand the scale of it how big is van garden and what does it do vanguard is coming up on four point eight trillion dollars they'll be five trillion dollars there are fifteen companies that are more than a trillion dollars the only company that any larger than than guard is black rock and a big chunk of of black rocks advantages they put out the first unit investment trust leader we started calling these things etfs that were the spyders the sp 500 plus a thousand variations the value spiders the the gross fighters the deserved a ton of different versions of it and and that's probably a trillion plus advantage for for black rock but these are the two behemoths in the space black rock is publicly traded vanguard is a mutual meaning it's actually owned by the holders of its funds something you put on your pieces despite its size vanguard has not been widely studied why is that the case in and what have you learned about it looking into the way it works so keep in mind when when vanguard first launched they said we we think people should have the ability to index inexpensively iit was called an american people termed bowls folly in reference of jack bogle the founder and driving force behind vanguard for the past four decades so a number of things are built into their dna first they put the clients first that's a novel leak when now if you're registered investment adviser or a lawyer and accountant or what have you anybody who has a fiduciary obligation will then of course you put your clients first but that's not the way the brokerage industry works or any number of aspects especially with publicly traded companies if you probably traded you do have a fiduciary obligation but it's two year shareholders to your owners your clients or just that client so it's a very different philosophy it's a very different of proton to interacting with investors.
"eight trillion dollars" Discussed on KBNP AM 1410
"That we've had the announcement of the iphone eight eight plots in the ten it's time to suit of revisit the idea that apple might eventually be com eight trillion dollar company by march no i know the shares fell yesterday down again today nonetheless samir sort of hanging out there as a possibility being given if you look at apple right nearly star numbers talking about an our market value of about eight hundred and twenty one billion dollars so wouldn't take that much of a move to get there but what's interesting and what the chart does is it tracks what would apple share price have to get to in order for the company to reach that threshold and if you look back over the past five years that number has been moving up consistently and what's behind it is that apple it's been buying back stocks they started this multi billion dollar capital return program back in 2012 actually their fiscal year 2013 because they started toward the end of the calendar year and me they bought bag billions upon billions of dollars a share it's in the process and what's happened is that in essence the threshold for be a trillion dollar company is gone up the bars been race if you look at the latest number in terms of shares outstanding bit more than five billion and you end up with the share price of one hundred ninety three dollars in sixty cents and that's up twenty seven and a half percent gan the repurchase program so it just goes to show you how much of an effect buybacks can have run a company share price and then beyond that you know what it would take four apple to become this trillion dollar company and let's face it the numbers have been going down and the most recent figures from the middle of july y so you know presumably it would be even more at this point that the shares would have to go up so take the hundred ninety three dollars a sixty cents as a reference point if you wanna know more folks send me an email get you the chart for a nation that goes with it and everything i do going forward the email address is d wilson at bloomberg dot net that's d wilson bloomberg that.