From the missing plane it will be the first confirmation that mh370 crashed into the indian ocean in 2014. The air kraf was travel from kuala lumpur to beijing. Consensus calls for gdp to have increased at a 2. 7 annual rate. Also important today, the government plans to be releasing three years worth of revisions from the bureau of economic analysis. You might remember Steve Liesman first reported in april that q1 gdp was statistically softer than the other three quarters for the past 30 years. They said it was developing methods to try to address this problem. Well see if they have. From the economy to earnings among the companys quarterly result results. Procter gambles ceo will be joining us. I didnt Say Something about that. Earlier, just now . I thought at the top the show you might have said p g earnings. I would know if i said that. I thought you might have said that. Now youre starting to hear things. Maybe its from yesterday. We did talk about john mueller being on the progra
Dying. The president may not have the last word on this matter. Kpix 5s joe vazquez is in the news room tonight with new information. Joe . Reporter the president will make the announcement tuesday that he will the end daca program that protects deferred action for childhood arrivals that protects children brought her to the u. S. As children. She came to the u. S. When she was 15. She now a Community Organizer for an activist group that supports immigrant rights. She not surprised the president appears to be stepping back from his earlier words that seemed to support daca. We love the dreamers. We love everybody. Thank you very much. Reporter she said the daca program has afforded her job security and the ability to visit her grandfather in mexico who is on his death bed. I was able to see him and say goodbye and be at peace with the fact that he had to move on. And i hate to think about many people who are not going to have that opportunity. Reporter 11 Republican Attorney general ga
Provide cooling but keeping that smoke in place. All the fires are across Northern California and that is smoke coming our way from all these fires and that is what we have been dealing with for several days now, burning in oregon as well. The way the wind direction is, its into the region so unhealthy conditions for the east by a, santa clara county, and they have been doing that a lot lately. The air quality in effect today. Humidity still dry north of us. Michelle . Neda, because you said the hot weather triggered the spare the air day, the fifth in a row, Jessica Flores is live with tips and warnings. Jessica . Reporter hey, good morning, michelle. Its the sixth consecutive spare the air alert today and what is triggering that, the heat wave we have seen for the last several days, causing dangerously smoggy conditions. You have probably seen the hazy skies if you have been out at all. The hot air, combined with smoke from nearby wildfires in oregon and california, causes the proble
Small declines at this point. The dow and nasdaq slightly higher. Declines. The big banks are reporting earnings this week. Thirdquarter earnings season kicks off officially. This is a chart going back to 2014. See quarter after quarter, earnings have been revised down. Back in early 2016, we had back that era of macro risk. Investors are anticipating this earnings season may be beatable. Growth targets are earning for the Third Quarter and could act as a tailwind. Companies are likely to meet those forecasts. One stock not doing so well is ge. Down 26 . Its worst year since 2008. Its worst day since july. Three executives have left. Board. S are joining the new members are joining the board. It appears something has to be done. Maybe changes will help. Julia thank you. Scarlet it is a big week for u. S. Banks. Thirdquarter results have been reported this week. Forecasts have been revised upwards. There are signs loans may be lacking lagging. Let us bring in bloombergs michael moore, w
Shares of ge sinking premarket on the heels of the biggest decline in almost a decade John Flannery will join us later this hour. Hurricane boost for home depot, raises full year guidance reports. Buffalo wild soaring premarket, getting a buyout offer from york capital. Well talk about that in a moment 7 drop, the biggest one day fall since 09 on monday they outlined the turnaround plan and announced it is cutting its dividend in half. Were going to talk to John Flannery exclusively later this hour lots to get to on the portfolio, on the influence of trian and dividend itself and what the message is going to be from here. Totally agree i think there are some issues about the way they are going to build the cash flow issues about the way 2018 is supposed to go and yes, theres a bit of a truth in reconciliation needed about how the company could have been so wrong about its own numbers in 2017, about how to tend to switch to real acting as opposed to the suboptimal form of accounting. Th