President Trump wants to enact the biggest tax cut in history, but he may have trouble beating one president's tax cut in inflation-adjusted terms. Find out if it is the tax cut by Ronald Reagan, John Kennedy, or George W Bush! The answer may surprise you! Then CPA Nick Stefaniak is in the house to discuss stock option strategies and the new Trump tax proposal.
Brick-and-mortar stores are closing at a record pace, but some retailers like WalMart are fighting back to stave off Amazon. Chris Mims of the Wall Street Journal reports on the three factors that will determine whether or not a retailer can survive in this war of attrition. Find out why WalMart is now in talks to buy online men’s clothier Bonobos for $300 million dollars, a very hip clothing chain developed on the internet but now with stores throughout the U.S including Scottsdale. Then, hedge fund consultant Ed Easterling will give his analysis on the markets
Parts of NAFTA are being rolled back! Based on written requests from governors in several states, the Trump administration is taking retaliatory action against Canada over a trade dispute, moving to impose a 20% tariff on softwood lumber—like pine-- that is typically used to build single-family homes. There is also bi-partisan support to support U.S. dairy farmers in Wisconsin and New York. Billions of dollars in tariffs could soon be coming back to the states--RETROACTIVELY according to Secretary of Commerce Wilbur Ross. Then Bill Tatro is in the house to talk money and politics!
We're updating all of today's breaking financial news, then we check in with former Ronald Reagan economic advisor and national radio host Larry Kudlow as he reviews how politics is affecting money, and how money is affecting politics. Steve recaps in segment four.
Ice cream is more important than bacon says the Wall Street Journal — at least when it comes to calculating inflation! A surprising trend is showing up in the consumer-price index. Many prices have headed downward again--the opposite of what the Fed expected--all except Canadian timber, which is reaching 12 year highs in anticipation of a potential Trump tariff on Canadian imports. U. S. timber lobbyists would love to see the tariff. Steve reviews how you can win with deflation or inflation in your own portfolio, with less risk and fewer fees..
Get breaking financial news along with an update on the hottest real estate markets including why Chinese investors are interested in Walla Walla Washington, how some investors made a 1400 percent gain on emeralds in Africa, and why Google bought a piece of land near the Mustang Ranch bordello in Nevada. Don't miss it!
It's a Tatro Tuesday! The one and only Bill Tatro will be in the house. First get an update on breaking financial news stories and an interview with former Morgan Stanley CEO John Mack. Steve will have some timely Social Security tips.
Get an update on breaking financial news stories and hear nationally syndicated financial commentator, Larry Kudlow's take on Trumponomics and what's happening with tax reform
Social and behavioral scientists say that almost all of us suffer from one of two financial illusions: the wealth illusion or the poverty illusion. And, which ever one you have, will determine whether you would rather have a million dollar lump sum to retire on, or $50,000 a year for life for both you and your spouse! Let's dig into that study today by three prominent researchers, reviewed in the Wall Street Journal