it is a busy morning and we begin washington where trump is set to release the broad outlines of a tax plan later today. mnuchin metd steven with congressional leaders last week to preview the proposal. here is what steven mnuchin said during an event earlier. steven mnuchin: this is going to be the biggest tax cut and the largest tax reform in the history of our country. and we are committed to seeing this through. vonnie: kevin cirilli joins us now. from capitol hill. give us the three major pillars of this plan as steven mnuchin has outlined it? kevin: earlier today, steven event inpoke at an washington hosted by the hill newspaper in which he outlined the details of the tax plan that we are expecting. later today, steven mnuchin will join gary cohn in a white house briefing, in which they will continue to unveil details. i do want to pull up more information about this tax plan. first and foremost, the administration is calling to of 15%.he tax rate they are also calling
day. we are up of 6000, but unchanged now. julie: what gains we have seen on the dow and s&p 500 have moderated to some extent. we have seen the stoxx come off their highs. it has been a tight range. in the coming days, optimism. nownt to focus on the down dow now. boeing falling although the free cashnounced flow. it kept costs in check. the shares down 1%. procter & gamble, reporting a drop in sales, despite ceo efforts to turn the company around. it did rise about the same for like organic like basis. finally, united technologies on the plus side. the earnings beating estimates. the otis elevator division performing relatively well. the cells over all up 3.4%. if you look at the dow, the relative strength index is getting heavy here. it is a percentage of members of the index and the s&p and nasdaq above the relative strength index of 70 which indicates the overbought condition. inmates we could see a little bit of a pullback. it is the purple line here, and you see it r
vicktions. that means $1.7 billion in federal fund something safe. our trauma center will stay open. doctors and nurses will stay on their jobs. our foster kids will continue to get the support they need. san francisco is also celebrating the decision. this is why we have courts, to halt the overreach of a president and attorney general who either don t understand the constitution or choose to ignore it. san jose immigration attorney says the executive order had several constitutional problems. first of all, there s no definition. nobody knows what it means or who is a sanctuary in a statement trump said it powered the worst kind of human trafficking and sex trafficking. the administration is vowing to fight back. i think the case is very well written. i don t think he is going to win on appeal. i think it s pretty bullet proof. santa clara s county says they are prepared to defend the case if the president does appeal. we have posted the court ruling on our
i m looking at you, mike nicco. the 7-day is amazing. let s focus on that, shall we? let s try to make both happy. let s try to make both happy. know however year like some ti ducktion airy people put to. yes, today is our last chance of rain before the rain seasons ends on sunday and you can see not a lot of showing up on live doppler 7. you can see the drizzle hanging in the air from the roof camera. 52 to 57 warm this morning. we will have a chance of showers best across the north bay and that chance will become isolated by 4:00, and then by 7:00 it s over. we are nice and quiet on the roads so far today. here s a live look outside in walnut creek. southbound 680, you are doing fine through the walnut creek area. that s the theme and we don t have any major blocking incidents. westbound 80, just four minutes southbound 880 to san jose, green, and then between highway 101 and cupertino in the green at 11 minutes. developing news, ann coulter plans to speak at
good-bye to the sun at 7:55. not looking quite as soggy as that camera by the exploratorium but you can see the mist through the bay bridge toll plaza. those waiting for the metering lights probably flipping their wipers. and tracy to dublin, 48 minutes. and tracy to dublin, 48 minutes. not terrible for that stretch. san rafael to san francisco, just 30 minutes. and ann coulter does plan to speak at uc berkeley tomorrow. there s a lot of concern over safety if she speaks outside. amy hollyfield is live on campus for us. good morning, amy. reporter: good morning, natasha. i have been monitoring coulter s twitter page, and she said she is expecting uc berkeley to provide her with a room but campus officials say she s speaking here in the plaza tomorrow afternoon. uc officials asked her to postpone because of security concerns, and coulter calls that an excuse to keep her away and she plans to be here tomorrow as scheduled. they can t keep people from speaking in the plaz