1) President is considering a 10% tax cut for middle income earners.
2) The Chinese stock market surged up amidst favorable comments from lenders and regulators.
3) Netflix is planning to raise another $2 billion dollars using debt for funding new content. This is the second time for Netflix to use debt to finance new content. Netflix is investing heavily in new shows and content because of the streaming competition.
4) 22 OCT 18 Stock market closings:
Dow 25,317.41 down 126.93
Nasdaq 7,468.63 up 19.60
S&P 500 2,755.88 down 11.90
10 Year Yield: unchanged at 3.20%
Oil: $69.63 up from $69.37