Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov
The majority whip also says disasterrelated aid will be included in a shortterm government measure. Congressional leaders are scrambling to get compromised legislation for a floor vote next week. Vice president michael pence plans to delay his trip to the middle east. Pence plans to leave for egypt on tuesday so that he can preside over the senate during that tax vote. Five years ago today a gunman shot and killed 20 children and six adults at Sandy Hook Elementary School in connecticut. They are observing the day in private reflection. Flags statewide flying at half staff today. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti, this is bloomberg. Bloomberg technology is next. Emily im emily chang and this is bloomberg technology. Coming up the fcc officially , hits reset on the internet. What the contentious vote to repeal Net Neutrality protection means for the internet of the future. Plus, disneys megadeal fo
Look there stocks hitting session highs as we kick off power lunch. Coincidence . Probably but this is the great rate debate as a tugofwar on inflation and Interest Rates and volatility continues to play out in front of our ieyes, stocks are making come back and the dow up and bond yield rising rising since the beginning of february and benchmark hitting fouryear highs and creeping closer. Gold is highest level in over a week groupon tanking on earnings miss chipotle on pace for the best day in years, they named a new ceo and netflix are rallies. Signing a deal well get more on the netflix story coming up. Welcome. Im Tyler Mathisen the markets shaking off the inflation concerns at least for this day. In fact, wall street socalled fear index falling below a key level. The vix below 20 for the First Time Since february 5th. Bob pisani is on the floor of the new york stock exchange. Explain it to me [ inaudible ]. Were having problems with his microphone so well interrupt him and maybe g
Were going to check that eightdayayw forecast i think yr when ted like that you sleep. Ast so far we did not have any accidents so far. Though. Ozment 45 days on that 90 at beer eventually into cleveland there over at west one 40th also spirit pride. Down to one lane that should p. M. Place place untilne wayned with send with breaking news this morning officers responded to forsyth splashing grants and just 30 minutes. The first happened just before 4 00 a. M. The driver smash through the front what do the strongest the with they were after. Wi minivan smashed Building Police down the atm in the parking lot those rough start overnown they didnt haveh luckidn that would be drivers dd a package containing five suspicious packages. Outside of the train stationntae are getting an update from that may this morning two men were lacking when i found a package they found some wires they trus the package of a other side of the trade dress up and walked to alert police they called in the pump sp
The broader implications for china coming up. This is a company that already owns a landmark in new york city and youve got another chinese firm already been buying up theater chains around the country. They are making big moves in the u. S. The same company was already just going to buy a portfolio of assets from black rock. Its incredible how much deal making there is out of china. Well get to my interview with Jeffrey Ubben and what he thinks about the ceo of valeant and 21th century fox and netflix and the move in oil. Its all coming up in a cnbc exclusive. The office is stunning, gorgeous. Leave it at that the. Where some of the money went, i guess, how nice for them. Plus, ohio and florida of course the two key primaries coming up tomorrow. Well tell you whether any candidates can potentially beat donald trump in those states and how the results could affect businesses there. Lets start with this story out this morning in chin ease company on a shopping spree in the u. S. Tell us