Late Thursday — while the Chicago Cubs were busy giving up the MLB crown to the LA Dodgers — a major cog in the tax reform wheel was secured by the U.S. Congress, which set a blueprint for its budget which would allow for $1.5 trillion to be put on the books. This is a clear sign that Congress is OK'ing a giant tax cut for corporations (and perhaps high-income individuals), and this has made the pre-market this Friday plenty happy: the Dow, Nasdaq and S&P 500 futures are all up at this hour. While there remains some hope for bipartisan support on a tax reform deal, the vote was 51 to 49 (Rand Paul of Kentucky being the one Republican voting against the measure), indicating very slight margin for error.
Q3 Earnings From General Motors
Published October 21, 2017 at 9:35 AM
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