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[size=5][color=green][b]Let’s make the DOW great again 🙂
Dow Jones 24,601.27 +410.37 (1.70%)
S&P 500 2,656.00 +36.45 (1.39%)
Nasdaq 6,981.96 +107.47 (1.56%)[/b][/color][/size]President Donald Trump Monday released his long-awaited proposal to upgrade roads, airports and other public works, kicking off what will likely be a tough sell in Congress with Democrats saying the plan falls short and Republicans wary of another big spending measure.
The 53-page document details how Trump plans to stimulate at least $1.5 trillion in new investment, shorten project permitting time to two years, invest in rural projects and improve worker training. The newest elements of the proposal include expanding the use of tax-exempt debt, letting states add tolls on interstates and making it easier to lease airports and other public assets.
The plan calls for allowing federal authorities to sell assets to state, local or private entities. Ronald Reagan and Dulles International airports in Washington and the George Washington and Baltimore Washington parkway, as well as some power lines, are among those cited.
Last week, House Democrats released “A Better Deal to Rebuild America” — an infrastructure plan that is five times bigger than President Trump’s proposal.
Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January
During January, the Treasury collected approximately $361,038,000,000 in total tax revenues
and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.HAPPY FAT TUESDAY to all … this watering hole in Las Vegas serves a 190 proof hurricane that will make folks buy stocks like crazy today – lol 8)
Instead of receiving all their food stamp funds, households would get a box of food that the government describes as nutritious and 100% grown and produced in the U.S. The so-called USDA America’s Harvest Box would contain items such as shelf-stable milk, juice, grains, cereals, pasta, peanut butter, beans, canned meat, poultry or fish, and canned fruits and vegetables. The box would be valued at about half of the SNAP recipient’s monthly benefit. The remainder of their benefits would be given to them on electronic benefit cards, as before.
The administration didn’t detail exactly how families would receive the food boxes, saying states could distribute them through existing infrastructure, partnerships or directly to residences through delivery services.
The proposal would save nearly $130 billion over 10 years, as well as improve the nutritional value of the program and reduce the potential for fraud, according to the administration.
President Trump plans to announce as soon as this week what he called a “reciprocal tax” on goods imported to the United States from other nations.
“We are going to charge countries outside of our country – countries that take advantage of the U.S.,” he said a White House event on infrastructure. “Some of them are so-called allies, but they’re not allies on trade.”
Redbook Chain Store Sales: +2.8% Y/Y vs. +3.0% last week.
Month-to-date chain store sales +2.8% Y/Y.
February sales are expected to be up 3.7% Y/Y.NFIB Small Business Optimism Index: 106.9 vs. consensus of 105.5, 104.9 in January.
At the close
Dow +0.16% to 24,640.24. S&P +0.27% to 2,663.68. Nasdaq +0.45% to 7,013.59.
Treasurys: 30-year +0.28%. 10-yr +0.18%. 5-yr +0.06%.
Commodities: Crude -0.17% to $59.19. Gold +0.43% to $1,332.10.
Currencies: Euro +0.53% vs. dollar. Yen -0.79%. Pound -0.36%.
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