Congressional republicans at a policy retreat. Minutes into the trading day in the u. S. And Abigail Doolittle has the latest, including the deals. Rally, after a twoday very small games for major averages. The dow and nasdaq trading ever fluctuatinghe day, between small gains and losses but it means we look at a new round of record highs. This after the dow carved out dow 20,000. At oppenheimer and Katie Stockton suggest that it does signal more strength ahead. The other question could be, is it a signal to sell . Time will tell. We will watch it. One thing the dow has not sent in the s p 500, put in a 1 move. B2b 5709 and it has been 33 days since the dow has been moved to the upside and . 73 the downside area of the question is, when will it break . To last few times, it led big moves on a daily closing basis, so that is probably ahead. Actions, we do have stocks trading on central deal actions with Charter Communications trading higher. Verizon is talking to Charter Communications
Absolutely, you go ahead. Whenever you are ready. Thank you to cnn viewers around the world. Its good to see you guys. Thank you and good morning everyone. Appreciate, john roberts factchecking from the sea. Good morning, good afternoon. [laughter] its not my fault, its on the paper. After receiving his daily intelligence briefing this morning the president led a National Economic Council Listening session with ceos of small and Community Banks. Since 2008 the number of small banks has declined 30 . The dramatic increase in regulation following the financial crisis has been a Major Driving force in the decline of these banks. Doddfrank alone has resulted in 22,000 pages of new regulations. While large banks can hire armies of complaints officers whose sole purpose is to ensure they meet the evergrowing number of regulations it increases the cost of doing business for Community Banks leaving some not to engage in some forms of lending were simply due to the time and costs involved. Our
Trump is holding rallies in the state for a Third Straight day. Earlier he was speaking to his supporters about 30 miles awane orlando. The republican nominee almost has to win floridas 29 electoral votes if he hopes to win election. He says hes optimistic his know, the polls are packed and known knows how they are voting but seem to have trump stickers and trump hats and trump ppis and trump shirts. Right now polls shows clinton leading in florida by an average of four points. Four years ago president obama won that state by less than 1 . The cost of Health Insurance under the Affordable Care act is expected to rise an average of 22 next year. Tom costello has more its news that will affect anybody who has their Health Insurance through obamacare. Thats about 11. 5 million people. The premiums are going up next year. Rather dramatically as much as 116 in arizona but 20 nationwide. Whats the problem . In short, not enough Healthy People signing up to underwrite and support the less Hea
Checking in at 59 at this hour. Palmyra at 63 degrees and we are looking good throughout the course of the day. We have decided to keep it nice an optimistic. By 6 00 p. M. We should be over achieving by a few degrees as where we should top off at june 2nd. We are normally at 79 or so. But regardless it looks like a pleasant day. We will see clouds out there it is a nice day w some sunshine we will not help but give you a solid a. We do sit between systems, but, eventually, one of those systems is going to move through and it is the first of two separate front, and, and moving through, and, it is an active track, one of those systems and we will give you a sense of where timing will pan out for additional wet weather. A lot of as on the report card, right. Yeah. Good job. Yeah, looking great outside. We will have nice weather, nice dry roadways right now. Boulevard taillights moving in the southbound direction at fox street. You guys, it looks really nice out there if you are thinking
Well touch real quickly on a story weve been covering an incident in the financial district of the city. There was some sort of explosion underground on bush street. A manhole cover blew up. A lot of Fire Department responding. If you know someone in the financial district you hear sirens or a see a lot of activity thats whats going on. No one has been hurt, theyre still trying to figure out what happened. Whenever i walk around the financial district that story comes to mind when i go over manholes or vaults i think it was outside the ralph lauren store a few years ago. Nothing like that but it is an underground vault. Looking ahead to Donald Trumps speech on immigration today. Well talk about that in depth. But first we start with news from overnight and the questions lingering about what caused a bus to crash last night in san jose. We just spoke to the chp, anything new . Reporter theyre checking to see if this company the Tour Bus Company medina tours on 7th street is up to date o