May 1, 2017

Trump "looking at" breaking up the banks, gas tax hike

Evan Vucci / AP

President Trump told Bloomberg News on Monday that he's open to changes on banking policy and the gas tax:

  • The gas tax: Trump's tax plan, released last week, did not mention the gas tax, which is 18.4 cents a gallon on gasoline and 24.4 cents a gallon for diesel. It was last raised in 1993, when gas averaged $1.17 a gallon. Trump's willingness to talk gas tax is tied to it being used to pay for infrastructure, he said.
  • The banks: "There's some people that want to go back to the old system, right? So we're going to look at that." The "old system," Glass-Steagall, separated investment and commercial banking. It was repealed in 1999, but Trump called for a "21st Century Glass-Steagall" on the campaign trail.

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What to watch in tonight's Democratic debate

Bernie Sanders at a campaign rally in Colorado. Photo: Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images

Bernie Sanders is now the clear front-runner for the Democratic presidential nomination, and his opponents are ready to try to knock him down at tonight's debate in Charleston, South Carolina β€” especially Michael Bloomberg, who was the punching bag at the Las Vegas debate.

Why it matters: This is the last debate before Super Tuesday, when Sanders is expected to win California and Texas and could secure an insurmountable lead for the Democratic nomination. That's a direct threat to the entire field, but especially to Bloomberg, who skipped the early states to focus on the March 3 contests.

Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 2 hours ago - Economy & Business