Wall Street just suffered the worst day of the Trump presidency.
The Dow closed down 666 points, or 2.5%, its biggest percentage decline since the Brexit turmoil in June 2016 and steepest point decline since the 2008 financial crisis. ... Some market analysts said the political controversy over the release of the disputed GOP memo is rattling Wall Street. "You've got trouble in the Department of Justice and the FBI at the senior level," said Jeffrey Saut, chief investment strategist at Raymond James. "It all hit when the market was ready to go down anyway. It just accelerated it," Saut said.
We are always told that we need the right to bear arms to defend ourselves. Who is attacking that one would need an AR-15 with a scope IN THEIR CAR? Isn't the purpose of a scope to aid aiming at long range? Who is attacking your car from far enough away that you need a scope?
A planned Foxconn manufacturing facility in southwest Wisconsin could cost taxpayers roughly $4.5 billion, a state assemblyman said Tuesday. Wisconsin Assemblyman Gordon Hintz (D) told reporters that a memo from the state legislature's fiscal bureau indicated the cost of the facility to the public will likely be higher than the $3 billion Gov. Scott Walker (R) projected last year. ... The $4.5 billion mostly consists of costs to state government through tax credits the state granted Foxconn over a 15-year period.
Chip Chip Chip and the granite foundations crumble. It's just a little change preceded by another followed by another. Back to the bad old days! MAGA!
According to the White House's own compilation and more recent announcements, only 16 companies in the S&P 500 have responded to the tax overhaul by raising wages, handing out bonuses or improving employee benefits. The wage hike and additional charitable giving will cost Wells Fargo about $215 million in 2018, according to investment bank KBW. That represents just 5% of Wells Fargo's total estimated earnings benefit from the tax overhaul, KBW estimates. "It's a token compared with what companies are actually saving. Where is the rest of the money going?" said Jeffrey Sonnenfeld, senior associate dean at the Yale School of Management. read more