Quarter as the company gets ready to launch the cyber truck and why elon musk and company should be watching very carefully what happens in detroit. What if the uaw tries to unionize tesla . Well discuss that next. Plus, the tenyear yield rising to new highs we havent seen back in 2007. How much higher can it go, and what will the impact be on equities . Today is the perfect day to discuss it because Rick Santelli is in the house. Looking forward to that. Lets get a check of the market, just off session lows. Really turned lower. Dow down half a percent right now. Similar for the s p. Nasdaq is up 19 points and the russell 2000 are the worst performer. Tyler mentioned the rising yields, especially hurting the utilities today of the one Place Investors go and its pressuring the business model. Its yeartodate drop is down to a 21 decline. Poster child seems to be nextera getting hammered losing a quarter of its value in a week. Theres nextera partners, both nep and nee are under pressure
955. Cac down six, dax germany dan thinks. Stocks mostly higher with the exception of china. Shanghai composite could not get it done. The others up fractionally. Get it done. President trump calling on congress to take action as he sells his plan for historic tax reform to the American People. America is finally back on the right track. But our country and our economy cannot take off like they should unless we transform americas outdated, complex and extremely burdened some tax code. Now its our chance to reclaim americas destiny. Borne the major push for tax reform including what the commanderinchief cause a pay raise for the middle class. The white house is not stopping there. President trump moving forward without congress to sign an executive order on health care which will allow people and organizations to buy insurance across state lines. Fox Business Life to the president s event that begins at 11 15 a. M. Eastern this morning. evacuations are underway as massive wildfires grow
Hisp junior today used twitter account to reveal a series of email exchanges with a british tabloid journalist. They show he was promised damaging information about Hillary Clinton at the meeting and the information was said to come from the russian crown prosecutor as part of the governments quote, support for mr. Trump. Joining us from capitol hill is bloombergs chief washington correspondent, kevin cirilli. Megan murphy, and also here in new york is bloombergs executive editor of global, legal, and Financial Regulation and enforcement. Lets start in washington, where the bombshell broke loose. What is the reaction down there so far . Incendiary. Thats how House Minority leader nancy pelosi put it, and a statement. Senator john cornyn, a republican from texas, also on the Senate Intelligence committee, saying donald trump junior now should testify before that committee in order to get more answers from this long shell of a report. I spoke with a source close to the president s son wh
Chris first alert traffic sponsored by toyota of north charlotte. Following a developing story this morning in iredell county, northern iredell county, i77 northbound a logging truck has overturned, losing its load and we have at least one lane or possibly more blocked. Two lanes there, north of exit 65. That is unionharmony grove. If you get through and cant get through, the best bet is 901, memorial highway to 21 and north and around that scene. Back in the charlotte region, most of our majors running in the green here at 5 02, looking pretty good in charlotte. Rock hill to uptown, 21 minutes, 66milesperhour. Concord to center city, 18 minute commute and lake norman southbound on 77, 15, 69. That is a check of the morning traffic, john, over to you. John Police Looking for the person who robbed employees at a popular restaurant in charlottes south end end. Mark davenport is live at the restaurant, was anyone hurt . Reporter john, we know no one was hurt her at phat burrito last night
Pictures of the fire crews on scene and a cause that is not yet determined, more than 50 people displaced and theyre telling us that saint ambrose opened the doors and the red cross is on scene. To reiterate, a fouryearold girl died in the fire and six people taken to the hospital and that cause is under investigation. And back to you. And that is awful what happened there. And well have updates all morning on air and on our newsnet 5 app. And lets get a check on weather and traffic. And starting with Somara Theodore. And light talk about how warm its been and look at the radar as well and youre seeing the clouds now. Lots of clouds and we did have some rain overnight and that is pretty much and a few drizzles in the wake as we head throughout the morning and were not worried about the rain and 57 degrees and the a the year is 43 degrees and were going to exceed that today as we have and 47 in medina and in norwalk, and that is a very, very warm start by northeast ohio standards and th