this is about stuff going on within the afl-cio specifically?h: there has been this reckoning throughout the culture, as we know, post harvey weinstein, about sexual harassment and misconduct. it is now roiling the u.s. labor movement. what it was that led to some of these announcements, people can speculate about. the code of conduct of the afl-cio, in fact, goes back to march, to the executive council meeting that they had done. but we now know that there have been serious allegations within the afl-cio, even about conduct going on, allegedly during that , same executive council meeting at which they were approving this new code of conduct. trumka, it wasrd actually his chief budget officer that was in the spotlight. , explain a bit about what happened. josh: perry stapleton, chief officer at the afl-cio, we reported was accused of inappropriate behavior towards female administrative assistance s indministrative assistant the office. we reported that the response of the afl-cio to the allegations, which included pressuring a woman to have a se

new hampshire afl-cio. the salem town democrats. the honorable catherine wells wheeler. ivw 490. senator betty lasky and dr. elliott lasky. paul kramer and mary gard. mclean middleton professional association. representative cindy rosenwald. the honorable judy reardon. and the national association of letter carriers. let's give them all a big round of applause. [applause] mr. buckley: eleanor roosevelt was a fearless fighter for justice. her entire life was spent working to make the world a better place for all. for more than a quarter of a century, the new hampshire

over pond investment group cio michael jones at war veteran and fox news contributor steve had said this here. great to be here. dagen: on fire to. so much to talk about. in the crosshairs, figuratively speaking, marco rubio and what he is doing with trying to change at the last minute, the child tax credit and raise corporate taxes, not raising them, we will get to it. i'm not going to give it away, but i will start calling him

piers hillier, cio, royal london asset management is going to stay with us.be shopping does seem a theme with these mid-caps. asine growth rising as much 28%, the most since 2013. this is after the french retailer agreed to use its e-commerce technology. 23%, sixare seeing up shares of ocado. it is the outperform are on the stoxx 600 at the moment. sophos group sold, leaving them with an percent stake after the placement. we are down 6.2% right now. also down is dixons carphone. it is downgraded to a hold from from a buy. there are a range of challenges for management which is why it justified this downgrade. dixons carphone is down 3%, one of the worst performances on this -- on the stoxx 600. angela merkel struck a pragmatic tone yesterday. she invited her coalition partner to begin talks. does the deadlock threatened undermine the data coming out of the europe at the moment? should we be completely on board with the macron vision of the year zone. are we distracted by the politics? the data are sensationally strong out of europe. we are trading at 57, we g

thank you for coming to see us, cio and manager of latitude investment.mario draghi's keynote address. this is bloomberg. ♪ matt: treasuries catch a bid as special counsel mueller is sent subpoena documents to it would progress turn the tide? after aupgrades india selloff in the em bonds this year. is this a buy signal? theario draghi delivers keynote speech at the european banking progress in frankfurt, we will bring it to you. good morning and welcome to "bloomberg markets: european open." miller and berlin alongside guy johnson at bloomberg's european headquarters in london. guide. -- guy. guy: 30 minutes into the trading session. i want to take you into what is happening in the turkish lira right now. we are moving to the upside, dollar strength, going against the tide this morning. mr. order one is -- mr. early dogon iser talking. turkish central bank reserves rising steadily. it will return to a trend, soon. he is having a go. never agree to lower rates. he says we cannot turn the interest rate story into a taboo. he has gone to talk about what is g

americansthe 500,000 -- members of trade the communists were strong in the cio and then they started playing politics. they were thrown out of the union. frank: don't you think that the organized conspiracies of american stalinism represents a threat to american civil liberties? mr. hays: no. i do not. i think those people are under the surveillance of the fbi. i do not think they are potential spies. i trust the fbi and i trust the law. what you are telling me is we have the right to violate the laws in order to get communists. what you are saying is a totalitarian government would be safer than a democratic government. frank: i want to say, i am for decency. let's make that clear. mr. hays: i know you are. >> unlike you are both for decency, but let's go back to the state department. don't you think that senator mccarthy's message might be justified and the house un-american activities committee might be justified because of a failure on the part of department of justice? of fbi knew of the existence him. mr. hays: you cannot base your whole policy on the fact that he was found gui

the cio of natural resources of the equity team over at blackrock.oomberg markets: the european open is next. or have bloomberg tv bloomberg radio, the latter is on your mobile the vice or digital radio in the london area. higher at theted start of european trade in half an hour. us is bloomberg. guy: welcome, you are watching bloomberg markets, the european open. your first trade of cash equity coming up soon. i am guy johnson in london. about the headlines. whatever strikes new york. eight are dead and several more seriously injured after a man planning -- cloud a truck down a bicycle path. tomorrow. fed until

she's preparing to cio for his big race.the right accessories for his mane all vital says her mother me dawtie. and of it all here but it's a huge state with pink resents reminiscent of how little kitty and cherry blossoms. we women aren't usually involved directly with the horses or the train and. we all eat together and we cook we help keep the stables clean. we try to support our men at work as best we can. or study. or stand us in at. ema the coach doesn't reveal whether he's happy with the grooming or not shortly before the race he has other concerns. and they're very good morning and welcome to our ice fishing competition for teams are taking part with two fisherman each about. the sporting spirit is also strong on the ice expanses of lake on a guy and. the local event agency is hosting a fishing competition. there are prizes for catching the smallest the largest and the first fish. and the break up conan is up for the challenge of the middle of winter is a tricky time for ice fishing the water is extremely cold and th

but as a cio they would be rather you be all you can in this bad an issue with us that it's just. no drama you know. only a few hundred yards away the twenty four year old man just lost his life the guitar to her went over the bridge passed on a crown above under the train. night there is still. the bikers going too fast. now without something. about. fifty feet below the man's bodies laying on the ground he landed under the tree he died against. each year in the easy when you get more than seven hundred people down the road mainly young people. so each night the sheriff's units on the lookout. not only. can you stand up straight. the smell of liquor coming up your breath right out they say separate but you can stand right without rob. money if you come back or get the right back to the store. young woman is arrested . she faces a heavy sentence. in the united states drunk driving is severely punished on a seven thousand dollars so since she failed a field sobriety she will get short with the first county jail. reform is going to try to bluff her way out. never ever run a good but

browne,ing in robert cio of northern trust.e people would say that what could disrupt this dynamic is a class in an junk bonds widening spreads. we got a little bit of movement did not set of panic. is that not a leading indicator for stocks? robert: that is something we do look at, the proverbial canary in the coal mine. having said all that, we don't see that as being a warning signal right now. our view in high-yield remains positive over the next year. you will continue to earn your yields maybe -100 basis point or so. the high-yield bond market is not in trouble. it is not about to have a cataclysmic selloff. if anything, it is looking pretty fundamentally sound, but expensive. ught is why we bo emerging-market equities last week. fundamentally sound, but expensive. where do you see financial opportunity in value? robert: we continue to think that global equities are of value, very much supported by a global backdrop of synchronized global growth and low interest rates. that is something that folks continue to underestimat

jakobsen, cio of saxo bank.rman chancellor is under pressure to kickstart talks on the government as a self-imposed deadline looms. we discussed this, next. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." about 44 minutes into the session, we have equities up across the board. german chancellor angela merkel is facing the first big hurdle of her push to form a coalition government. after months of exploratory talks, merkel will give the heads of her block the free democrats, and the green party today a look. we are joined by bloomberg's german government reporter minor burden -- by our german government reporter. what could push us past this self-imposed deadline? >> there are two major areas where they totally disagree. one of them is migration. we know the cdu and the csu have agreed they want some kind of upper limits to migration into germany, whereas the greens are totally on the other side. they have much more liberal views regarding immigration into germany. that will be one

and that is john woods, cio of credit suisse asia-pacific. catch up with all of our interviews today using our interactive function tv . and getatch us live into the charts, securities, and bloomberg functions we bring up on our show. for the wtoonomist joins us later life. if you have any questions for him, send it to us and we will try to get that into the conversation. this is for bloomberg subscribers only. check it out at tv . stay with us. this is bloomberg. ♪ david: you are watching bloomberg markets: asia. .> heady days ahead david: a lot of these guys are in precarious situations. you are faced with clients used to 20% returns. you have to temper those expectations but as good as we are we are not likely going to turn out the same kind of returns. a price chart. it is a percentage return. 20% and we have a month ago. this hides the fact that you have underperformers. when you go to 2018, it makes you think, what is normal? when you look at the past 50 years, a good equity year is eight to 12%. >> let's not forget that the yea

joining us is cio christopher aleman.look at the details for your industry, generally they keep the retirement contributions intact. so i am curious how you feel about these tax bills. are you satisfied with what you have seen? >> not at all, i am very concerned. the house version dealt with a .ax called you bti -- ubti that could impact of this. i am curious about all of the different retirement plans. a lot of numbers, but if they are helping -- there is a lot of they will put together a tax plan by the end of the year. that is really questionable. from our perspective right now, we have a lot of questions and need more information. this is moving too fast to get that. betty: are you also surprised there is not a lot of substance in tackling carried interest? we heard from president trump on the campaign trail, he said carried interest is something hedge funds are using to get away with murder. that what wasrned said on the campaign trail does not bear resemblance to what is being said today, which is frustrating i am s

but as a cio they would be rather you be all you can in this bad an issue with us that it's just. no drama you know. only a few hundred yards away the twenty four year old man just lost his life the hips are too fair went over the bridge fast on a crown and fall under the train. it is so. the bikers going too fast. now without somebody. fifty feet below the man's bodies laying on the ground he landed under the tree he died instantly. each year in the easy and more than seven hundred people down the road mainly young people. so each night the sheriff's units on the lookout to. make money to come back or come out at the right back of the store. first since it carries upon a seven thousand five hundred dollars so since she failed a field sobriety test you can get charged with the first offense. in the county jail. the tenants remember who is in charge. her incarceration. was late this closely the whole thing is rather a. you don't what will you will start this also if you ask them well the young woman is going to try to bluff her way out. never have run out of all a good but this is

. >> talking about relationships, my first welcome was ambassador -- cio this to you. and what a way to open the door to invite me in. he had me to his home for an informal gathering. and introduce me to the prime minister and his wife kim and jerry and katie. just set the tone for the way i felt when i arrive six days ago. it was so nice and inviting that you opened up to us an informal way before i presented my credentials. then it was amazing to see the people i had seen before and i met with and just to have that familiarity. i thank you for being so kind to us. i feel as if being from kentucky, bourbon and automobiles are our gifts to canada and we received the whiskey and the aluminum back. and hopefully a few basketball players along the way. in kentucky there is no border. for us, we have not no border. though canada we wouldn't be in a wonderful situation that were in economically. a lot of the governors i feel this way about all of the states, i think we need to reach out and remember this is more than a trade situation, this is personal. while the numbers ar

the federal cio office. department of homeland security, and the intelligence in law enforcement community. we're also putting a new level of cyber security federal management in place for the 2020 census over and above what was done in 2010. >> mr. secretary, our time has gone. i know we want to respect the time. i appreciate your answers. they sound like talking points to me with not much beyond that. secretary ross you can't test : something that isn't in place. albright. the chair will recognize the general lady from the virgin islands. >> thank you. good morning, sir. how are you? i want to ask you some questions which of course are something that's on the minds of quite a number of americans right now. is under taking census in areas that have recently been ravaged by disaster. and the mechanisms and processes that are potentially in place. to be able to do that. we know that millions of americans have been displaced by hurricanes harvey, irma and maria. in the states of texas, florida and then the are

but as a cio they would be rather you be all you can in this day of an issue with us that is just leave no drama you know. only a few hundred yards away the twenty four year old man just lost his life the guitar to her went over a bridge passed on a crown and found under the train. it is though. the biker was going too fast. and now with something about. fifty feet below the man's bodies laying on the ground he landed under the tree he died instantly. each year in the easy and more than seven hundred people down the road mainly young people. so each night the sheriff's units on the lookout for. this young twenty three year old driver just passed she was going one hundred miles per hour. she doesn't seem to be in great shape. i don't se want to go. out that early like. you can stand up right now and the smell of liquor coming up your breath right i don't say i say south for a bit you can stand right without wobbling back. when you come back or get america right back from the start. young woman is arrested. she faces a heavy sentence. in the united states drunk driving is severely punishe

all of that in context with our cio. let's get you first word -- news. u.s. donald trump has landed in beijing. earlier he called on the world to abandon support for kim jong un's regime saying that he has turned to north korea into a held that no one deserves. trump called out russia and china by name and said all responsible nations must join forces to deny pyongyang any form of support, supply, or acceptance. in the u.s. the democrats look to have scored a claim -- clean sweep in key elections. n estate -- a state. is new jersey's 56 chief executive. bill de blasio is projected to have won a second term as new york's mayor. executives from some of the world's biggest banks have reportedly warned the u.s. commerce secretary over the impact of the u.k. leaving the eu. told the uk'ss growth may stop them using -- moving thousands of jobs. includedng on friday j.p. morgan chase, goldman sachs, and hsbc. china's overseas shipments held levelt month under robust demand. imports showed the continued strength of the domestic economy. exports increased 6.9% in octo

as a cio of today's i'll have more for you at the top of the hour in the meantime as always the web site that's t w dot com have a good day. stories that people of the world over information they provide opinions they want to express d.w. on facebook and twitter up to date and in touch follow us. access to clean water and sanitation is a human right according to the united nations. empty words for the people living in the slums of dar es salaam. they have neither. it's a vicious circle of poverty and disease. most almost all escaping poverty having a better life both of these things are related to whether there is a regulated so much disposal up i phones or to hamas. around a thousand children under the age of five die every day because the polluted water . daughter salaam tanzania is booming economic heart on the indian ocean it has an estimated population of four and a half million nobody is really certain. more and more people are moving here from rural locations all the time. rich and poor live cheek by jowl. these conditions hold people back. utica margot fights every day for better

he is the ceo, the cio, and the portfolio manager for barron funds. us in just a moment because your guests are here. you're about to go up and take the stage and kick things off. before you go, what message would you like to leave for people who are watching from home >> so when i was walking in, there's monitors downstairs a level below, and they were playing a lot of montage of president kennedy. this happens to be the 100th year that he was born. 100th anniversary of his birth may 29th i was thinking about that, and it's very touching just watching this and thinking about all that he was trying to accomplish and what he did accomplish and what his brother accomplished and i'm thinking about how much better our lives, you know, were and have been because of those people as i think about the health care that he started, you know, that his program was in the peace corps and civil rights and all of what -- this base we have comes from that was the disruption, and we're having disruption now. the same positive feelings i have now or what's going to hap

is pimm:'s cio for global fixed income. -- ays now is the time to the best salesman and bank could wishor, quick to join rival -- clicks are happening all over the world. cyber monday deals are in full swing. we will get some of the first sales figures later, this hour. can today's sales smash records? have a look at what is happening to european equities. gmm is your function. talking you through all the various asset classes. those other currencies that are falling against the dollar. sovereign bond yields are rising. that is the situation. so many things to tell you about. let's start with a south african rand. the rand rallied, today amid relief from last week's assessment by credit rating companies. a did not deliver the deathblow that some anticipated. this is dollar rand. earlier today, the rand is rising. the dollar is declining. the fall has been unwound, today. the rand is rallying by 2%. a bit of a move. -- moody'sratings warned it may do the same, leading to a re-waiting -- re-weighting. this is a chart that abigail showed earlier. it twice on bloomberg markets, because

is on track seven he takes the lead it looks like the cio has lost but he gives it his own length comehe second best of the top that's a big success for the gentle giant thanks to what's going on he doesn't have the perfect nature of a racehorse to get a winning he's much too friendly go down with other horses get angry but he's placid and he puts up with anything more knowledge than with and that. this town wouldn't win a beauty competition with its hotel blocks. nobody bet is not far from support of nevertheless it's a popular resort for the japanese it has hot springs a large number of chinese tourists have started coming in recent years too they enjoy the two now and want to see snow. there are young men assembling basins down at the sulphur while red and white a festive color combination. the market of we're setting up the us to fill up with what you know to just splash around in it or not blow by. the spring water still has a temperature of sixty two degrees but it'll cool to a pleasant thirty in time for the water fight. can soupy hamada dons a traditional outfit he's a roofer b

is cio of guideon. he's a retired lieutenant colonel, a behavioral science p.h.d. and he's also anthony's father. >> what i do is i take a look at all the military assignments and positions, we examine each one of those positions, translating the duty titles into performance statements. >> tony's translations have now been converted to dropdown menus. >> if i wanted to edit this i could actually go in and get some resume writing tips. >> these allow vets to upload military records, choose civilian equivalents which can be fitted into a civilian resume template. >> an e-5 sergeant, or e-6 staff sergeant in the united states army, they're very well suited to be a line manager, or a line operator in manufacturing. and running and loading a team. >> guideon is more than just a resume tool. it's a modern tech business with a social network, linking vets to recruiters, and to other vets also adjusting to civilian life. >> i know a lot of people kind of downplay what they're feeling and try not to -- or maybe pretend like it's not an issue. but i think anybody who's been

chamber of commerce, the truckers, afl/cio, many of your states would come up and testify why it is vital to do that and why it would help. that's the sort of regular order that we could do. it's happening in states. and this is exhibit a of how that process is failing here. thank you and i yield back. >> thank you. gentlemen yields back. mr. nunes, you're recognized. >> i just want to say that mr. reed is a trusted member of our committee and for those of you who have been in the audience for the last four days, you'll notice he's had those books in front of him. so a man that can read that many books in four days, i mean, he has to know this tax code all the way through in and out. and i will yield to my good friend who is the tax expert from new york, mr. reed. >> well, i appreciate that, mr. nunes. it took much longer than four days to go through the u.s. tax code. as we've been on the committee for seven years dealing with these issues. dealing with tax reform. and having hearings on the issues before us that have set up this day for us to take this step to move the bill forward hope

but a fellow cia -- cio of yours said every contradiction -- contradictory bone in my body is shaking do you think could be a headwind to these gains right now? mark: it is of course a great question is something we think about every day. i guess the primary concern we have is not really around flow, but around this inflation picture. if we see a pickup of inflation, particularly in the united states, that is going to force a lot of the central banks to start to act potentially faster and choke off the growth. recessions in the united states are usually coming out of a tightening cycle from the central banks. i think that is one of our key concerns. we have some others, of course. tracy: i want to pick up on this point. yellen and the fed saying one thing, the fed trying to tighten policy. and the bond market not playing. along -- not playing along. if you look at the yield line, it is flattening, typically a sign of recession. what is going on with that curve and why has the fed been unable to push it up? mark: if you saw the curve invert that would be a sign of recession. that is so

is the managing director and cio of almal capital.raghi'srt with comments -- i feel like it is presumptuous to assume that wage increases welcome back to europe, when we happened seen them return -- haven't seen them return to the united states. they have been on the path to recovery for much longer than europe. >> we need to get perspective. the progress we have made over a year has been remarkable. improving. is we do see some inflation coming back, very low, but at least it is improving. wage growth in the united states, is 3%, and it needs to be 4%, before we get into trouble. we are far away in europe. if we look at the central bank, you see the accommodative policies, just in numbers. the real interest rates -- rate 1.5, veryus accommodative when you have synchronized recovery. and the balance sheets for the main central bank remain at almost $5,300. you have the united states, unwinding. we are going to see a decrease in the size of the fed balance sheets. europe is slowing down the pace. and then, japan, still expanding the ba

is pimm:'s cio for global fixed income. -- ays now is the time to the best salesman and bank could wishcks are happening all over the world. cyber monday deals are in full swing. we will get some of the first sales figures later

with mohamed el-erian currently at allianz, the parent company of pimco where he was the ceo and co- cio and is a columnist at bloomberg view. said to be considered as a nominee for the federal reserve vice chair according to dow jones. we will keep you posted on this story and further developments. a new name potentially into the ring for the fed. let's get the first word news with courtney donohoe there >> jeff sessions denied that he lied or misled congress about contracts between russia and the trump campaign. he is testifying before the house judiciary committee and democrats are focusing their questions on revelations by special counsel robert mueller that appeared to undercut jeff sessions sworn testimony at his senate confirmation. president trump will soon be back on u.s. soil. therefore if one will refuel in hawaii as the president comes back from asia. he left manila after two days of meetings with leaders from southeast asian nations and he said that trade rules have now been changed at all countries know that the u.s. must be treated fairly. in the u.k., a warning from russi

guest intoour first the conversation out of for one ofthe cio switzerland's largest private banks.nk you for coming on the program. i appreciate you making time. we have been talking about this there been anything that has come out in the last few days that you have traded on or expect to trade on from this? ignoreink if you politics in the last two years, you have done well, with the exception of brexit and the impact on sterling. fundamentals have driven asset prices. have driven asset prices, not so much politics. there are a couple of interesting things that comes from this trip, the tpp is proceeding without the u.s., and at the same time trying to push its agenda on rceo. this comes at a time when we have trade war and how these get result will have implications for growth going forward, both in the region and globally. david: the economy is a more mature economy and less reliant on growth. et drag one a n growth. those that reduce the probability of a trade war and increase the probability that china will give him more to what the u.s. wants? >> i don't think we are starting

ofra: yves bonzon the cio julius baer.riefing, your commute coast-to-coast and across gather the come a sirius xm channel 119. washington, the bay area, boston, new york. bloomberg.s, this is ♪ ♪ nejra: -- >> i am taylor riggs. shares of starbucks are lower -- they did not grow in much in asia last quarter as expected and same-store sales up 2%. starbucks said it was hurt by the impact of hurricanes in texas and florida. in france, third-quarter net incomes that missed estimates, a bank turned in a surprisingly poor performance in an area that is usually a strength. we spoke to socgen's deputy ceo. --business has been affected in line with the global environment. >> their revenue from the equities division fell 19% from a year ago and analysts had predicted a little change. shares of apple are rising today, the most viable company in the world by market cap forecast holiday sales that beat most estimates, a sign they expect strong sales for its 10th anniversary iphone. the iphone x hits stores today and is considered apple

new hampshire afl-cio, the salem town democrats, the honorable catherine wells wheeler, ibew 490. elliot laskey. represent mini bessmer. paul carey and larry guard. represent andi.zhe÷ the honorable judy reardon, and the national association of letter carriers. let's give them all a big round of applause. [ applause ] eleanor roosevelt was a fearless fighter for justice. her entire life was spent working to make the world a better place for all. for more than a quarter of a century, the new hampshire democratic party has been honoring an outstanding woman who fought hard and succeeded in providing an opportunity for life success regardless of their circumstances. this year's recipient of the eleanor roosevelt award embodies eleanor's spirit. during her decades of service in our community in the house and in the senate her record is exemplary, extraordinary and she's always fighting on the side of righteousness. eight years ago in a closed door senate caucus, she implored her colleagues to support marriage equality because being jewish she grew up nothing what it was like to be tre

joining me on s.a.t., massmutual deputy cio and kaltbaum capital management president, gary kaltbaum. good to see you both. 313 is this all tax reform? >> i think it is all tax reform, trish. this tax reform is rocket fuel to the corporate earnings. investors are not sure it will go through and higher probability going through getting priced into the market. it is getting priced into the market for two or three weeks. trish: rocket fuel to corporate earnings. gary, you talked about that as well. in other words, companies earnings portfolios will basically look that much prettier or earnings picture will look that much prettier and everybody's portfolio looks that much prettier in return because lower taxes means more in the way of corporate revenues. >> look there is a trifecta going on here now. you still have ridiculous easy money around the globe. i mean easy money. you have economies around the globe finally gaining some traction. and now this. for me, it is not the greatest tax reproposal of all time but the most important thing it does? it changes trajectory what we've seen for

running us now for more insight on the fed is krishna memani, oppenheimer funds cio.ried --t to say but are you nervous about a new fed chair? fedhna: when you have a new chair getting appointed after a very long run, you have to be worried about it. i don't think it's going to be a surprise. the consensus will be powell and if it is powell, probably a continuation of the same monetary policy regime as before. taylor would have been different. vonnie: what if taylor is vice chair? krishna: i think the chair has a lot more relevance to what the eventual policy is then just another member. we have plenty of people who would like to tighten, but there is enough consensus amongst others to carry the bids for the chair. i think chair matters a lot more than an individual member. mark: if it's powell still three more rate hikes next year, that is what is being penciled in, does anything change? krishna: just from a policy initiative standpoint, nothing has changed. however, the reality on the ground seems to be evolving. we continue to see data coming in much stronger than

we cannot even discuss it here even though the chamber of commerce and the afl-cio, many of your states would come up and testify why it is vital to do that and why it would help. that is the thing we could do. it is happening in states. of thatl is exhibit a process failing here. i yield back. chairman brady: thank you. gentleman yield back. mr. nunez is recognized. mr. nunez: mr. reid is a trusted member of our community, and those of you in the audience, you will notice those books in front of him. a man back can read that many books in four days, he has to know this tax code all the way through, in and out. i would yield to my good friend who is the tax expert from new york, mr. reid. >> mr. reid: i appreciate that, mr. nunez,oming -- and it took more than four days. dealing with tax reform, having hearings on the issues before us that set up this day for us to take this step, to move the bill forward to the floor and through the senate process, and through the entire legislative process. mr. blumenauer, at the end of the day, i anticipate the final bill that we will put on the pres

chairman, to enter into the record two letters in support of the amendment from the afl, cio, and therotherhood of electrical workers. >> without objection. >> does the gentlelady yield back? >> i yield back. -- on the amendment? >> i strongly support the amendment to repeal the cadillac tax. this will have it is reported -- a disproportionate income -- impact on families. cia found thatl if this tax were to go into effect, 25% of workers with single coverage in my home state would be impacted in the next decade. that would be especially harmful for many workplaces with robust labor unions who have negotiated lower salaries in exchange for more comprehensive health care plans. we should not allow antiunion sentiment in washington to the used to undermine the men and women who worked hard to make ends meet and put food on the table. this tax hits right at the heart of medical america -- middle america, and we need to make sure that working families are made whole. we need to repeal this tax. >> the gentlelady yield back. the question is not agreeing to the amendment offered by represen