Obama, Boehner's Own Words on Fiscal Cliff, Taxes

Nov. 9 (Bloomberg) –- U.S. President Barack Obama and House Speaker John Boehner, an Ohio Republican, state their positions on ways to avert the so-called fiscal cliff and the outlook for negotiations between the White House and congressional leaders. If Congress doesn't act by the end of the year, $607 billion in automatic spending cuts and tax increases are scheduled to take effect starting in January. That was part of a deal last year to raise the federal debt ceiling. This report also contains comments from Federal Reserve Chairman Ben S. Bernanke. (Excerpts. Source: Bloomberg)

UBS Sees a 2017 Earnings Boost to Equities
38:27 - Simon Smiles, chief investment officer for ultra-high net worth at UBS Wealth Management, discusses his overweight stance on U.S. equities as he sees improvements to the U.S. economy driving earnings growth in 2017. Simon also discusses his clients approach to markets and his outlook for inflation. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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