Jan 5, 2018

01/05/2018: How the tax bill will affect the world’s biggest companies

HTML EMBED:
COPY

During the next few weeks you'll be hearing from from some of the world's largest companies about big, one-time write-downs against their financial results. Think multinationals like Microsoft, Alphabet and Johnson & Johnson. Many are expected to warn that their…

Segments From this episode

Your grocer really wants you to have chicken tonight

Jan 5, 2018
At a lot of markets, the rotisserie bird is the hottest-selling item, pun intended.
Grocers are going to some lengths to keep the price of rotisserie chickens down.
Cate Gillon/Getty Images
US President Donald Trump walks to Marine One prior to departing from the South Lawn of the White House in Washington, DC, January 5, 2018, as he travels for a weekend with Republican lawmakers at Camp David in Maryland.
SAUL LOEB/AFP/Getty Images

During the next few weeks you’ll be hearing from from some of the world’s largest companies about big, one-time write-downs against their financial results. Think multinationals like Microsoft, Alphabet and Johnson & Johnson. Many are expected to warn that their profits will be hurt by the huge bills they have to pay under the new tax law. But those write-downs are just small setbacks on the way to big windfalls. We’ll explain. Then: everything you need to know about the rotisserie chicken boom (you’re living in it) and this weekend’s Golden Globes. Plus, we’ll talk about the latest jobs numbers in the Weekly Wrap.