We track it. Talking to an official down there. Looks like progress is finally being made in congress on two of President Trumps biggest agenda items, that would be tax reform and replacing obamacare. We head live to capitol hill for the latest details on that. We also have fedex, adobe, Bed Bath Beyond reporting earnings after the bell today, a few days sinces weve had bigger earnings to recover. Well bring you instant analysis as soon as the results are released bed, bath down 2 . Fedex getting ready to raise rates. We begin with Hurricane Maria gaining strength yet again heading right toward puerto rico w wtvj meteorologist Steve Mclaughlin with the latest. A couple days ago the storm was what we call 96l, a big storm in the ocean by saturday 5 00 pvm, it was Tropical Storm marine ya, sunday 5 00 p. M. , Hurricane Maria last night at 7 45, category 5 with winds of 160. That is where we are right now the track right across the Virgin Islands especially st. Croix as a major hurricane,
Already. I have enough people begging me for negatives. Dow gaining 20 points, s p rising 1. 2 , nasdaq advances. 0 i feel like i got to lay out some worries and woas. Now told you how erin tweets dysfunction tax policy, the rocket man create a hideous back drop at any moment something yelling out of contractor like Interest Rates and rock step that will be a real blow to the bull cause. But those are all big think issues kind of thing that drives me a little crazy steams me because its total thumb sucker journalist since were casting it requires nothing thats out or even like homework, im letting the others naval gaze im covering my with a tie my daughter got me, and a tshirt underneath if there was one thing i learned at Goldman Sachs is you have to preserve your dress shirt with a tshirt. Now youve learned something from today little different than what you came for its always worth considering things from the bearish point of view i want to play definitelys advocate that hits the r
After day. We will see if a rally can hold into the final hour here. The dow, itself, up 106 points also in record territory. And helping the market today, the house passing its 2018 budget, thats a first step toward getting tax reform done and how Speaker Paul Ryan will be holding a News Conference on that very topic later this hour. Well bring it to you live as soon as it begins. The dow up 40 points. When they announced they passed a budget, it was sudden i up 100. Its looking for right now. The Amazon Effect strikes again. This time fedex and u. P. S. In its sights see both those stock are lower detail on that coming up. We begin with the netflix stock jump today and the companys move to raise the price of its most popular streaming plan by 10 , which sounds like a lot, but its 1. Maybe it is a lot. Well, it could be, but, you know, i dont think its going to break too many banks. Julia boorstin has details for us julia . Reporter thats right, bill. Analysts, investors dont seem to
Okay. I want to show you highway four is slow through pittsburgh bay points and 680 down to san ramon looks good but in dublin pleasantly thin is slow from 580 interchange down to the southern end of pleasanton. And in the south bay, traffic is slowing on the major freeways. Lets go back to the desk. Developing news at San Francisco. Police spent hours researching this morning with a call about a Home Invasion robbery late last night and it ending with the suspect in custody. Winds kristin cabin is in the neighborhood you have been out for hours. The exchange of gunfire was with one of the suspects good morning. Reporter good morning. At this time investigators are looking for other suspects and you can see officers came out moments ago where the Home Invasion occurred earlier investigations are winding down but there are crime scene investigators here and i spoke with a neighbor who tells me this is an active seen overnight she saw neighbors swarming the area with automatic rifles loo
Unexpected rant about gridlock in washington. Boy, was he well hear what he said. Well let you listen to it. And wells fargo shares are under pressure after the banks disappointing revenue numbers. The companys cfo will join us. And after the bell, paypals chief executive officer will join us in a cnbc exclusive. That stock hitting an alltime high earlier in the wake of its new apple partnership. Well get more details in the next hour. Lets start though with this news that broke in the last hour regarding sprint dow jones reporting that the Telecom Giants chairman engaged with Warren Buffett and cable mogul john malone about a cable investment those talks reportedly happened in sun valley, idaho, at the ellen and Conference Company conference where Julia Boorstin has been packing up and getting ready to go and hang around, julia. There may be more news breaking here so we all know that they were there but you havent been able to confirm whether the conversations we were talking about t