Financial Review

Tax Plan Puffery


Listen Later

….Debating the tax plan. Yellen will leave Fed. DOJ will block AT&T-Time Warner. Nebraska approves Keystone XL. North Korea terrorism list. Germany may have another vote. Chile tumbles on vote. Marvell buying Cavium. Opioid crisis cost. Financial Review by Sinclair Noe for 11-20-2017   DOW + 72 = 23,430 SPX + 3 = 2582 NAS + 7 = 6790 RUT + 10 = 1503 10 Y + .02 = 2.37% OIL – .32 = 56.23 GOLD – 17.40 = 1277.00 It was a light volume session on Wall Street today. Stocks moved higher but closed well off session highs. This will be a holiday shortened week with the markets closed on Thursday and just a half session for stocks on Friday. We should all be thankful to take a few days away from the debate over the tax plan.   Sen. Susan Collins of Maine objects to the last-minute decision by Republican tax writers to include a repeal of Obamacare’s individual mandate — a critical source of revenue for the bill. Alaska Sen. Lisa Murkowski, another swing Republican, also has voiced objections to scotching the individual mandate. And Sen. Ron Johnson of Wisconsin wants more generous treatment for pass-through businesses. Meanwhile, Sens. Bob Corker of Tennessee and Jeff Flake of Arizona, among others, have said the bill’s deficit impact could cost their support. If 3 Republican senators vote against a tax plan, it will not pass; that number might dip down to just 2 defectors depending on how the special election in Alabama ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe