Comments and europe is mostly green and Oil Continues its run above 66 our road map begins with industrial earnings from cat and 3m and numbers from ford well dig in. The president is switzerland, well hear from him this morning and then an interview with our own joe kernan. And futures are up in the premarket on the rally this morning. Earnings news, lifting a pair of do you components, caterpillar with its Fourth Quarter results and issuing up beat guidance due to growth in the Construction Business 3m with q 4 results, increasing the dividend by 15 . Cat is the story this will be an all time high. They are talking about strong order rates, lean inventories and increasing backlog and this is all before we see the framework of the infrastructure, bill. Talk about two stocks that are kind of encapsulated, all of the themes for a long time its the kind of global reflation growth spot and also the theme of analysts not just being able to catch up to exactly how much earnings are going to
A new plan to revamp them expected to be announced this week by president ial candidate Hillary Clinton. Cnbc chief washington correspondent john harwood is in d. C. Now with details. Reporter mandy, Hillary Clintons beginning to lay out all of the components of her Economic Program to try to relink middle class incomes with the profits of Corporate America. Last week she talked about a plan to link employee tax policy or employer tax policy toward Profit Sharing with employers. Now shes trying to encourage longterm investment. I just want to go back to the history of Capital Gains rates to illustrate what shes the system that shes trying to tweak. Back in 1986 when Ronald Reagan was president , we had a tax reform plan. The Capital Gains and top marginal income tax rates were the same 28 . Then when you move to the bill clinton balanced budget deal in 1997 you had the top income tax rate up to 39. 6 . The top Capital Gains rate had gone down. So they brought back the separation betwee
And welcome to power lunch. Im melissa lee. All three major averages at session lows right now. S p 500 down almost 1 . The nasdaq the biggest loser of the three major indices. Were seeing the biggest oneday losses in fact in more than a month. And keeping an eye on the airlines, they are down big being led lower today by delta and thats Airline Index on pace for fifth straight down day. Michelle. Im michelle carusocabrera. Thanks, melissa. Heres what else is happening at this hour. Americans made more and spent more in june. The government reporting a 0. 4 increase in Consumer Spending. Thats the Third Straight monthly increase. Personal income up 0. 2 . The centers for Disease Control awarding 16 million to u. S. States and territories to fight zika. Thats in addition to 25 million in funds at the cdc awarded a month ago. And u. S. Automakers weighing in with disappointing results. All but toyota falling short of expectation. Fiat chrysler did manage a small increase in sales however
Viewer showing a semi that was blown over on highway 63 north of waterloo. Werve heard a few more reports throughout eastern iowa of similar accidents happening. New at noon the Iowa Department of Public Health announcing a person in iowa has tested positive for the zika virus. Of an iowan contracting the virus. Were told its a woman between the ages of 61 and 80. Who had recently traveled to central america. The Health Department also says the general public here in the state is not at risk of getting zika because of the lack of mosquitoes holding the virus here. Two people were taken to the hospital in an Early Morning house fire today. The fire happened in waterloo where crews were called to the scene just before 5 am. One of the hospitalized men actually attempted to save his neighbor after he smelled smoke. He broke through the back door window to get inside. I couldnt see anything. I couldnt breath. I tried yelling out. Rasmussen was released from the hospital but his nieghbor is
Day across eastern iowa. Areas to the north will see a few clouds during the morning hours, otherwise the sky will be mostly sunny. A south wind will turn west 20 to 35 mph, gusting up to 50 mph at times. A wind advisory is in effect for the entire area through 6 pm. The wind will begin to calm down overnight, with temperatures dropping into the 30s under a mostly clear sky. Saturday looks pretty good as well with a mostly sunny sky and high temperatures back in the upper 40s to mid 50s. There is a slight chance for a rain or snow shower on sunday, otherwise it will be partly cloudy with highs in the 40s. While we wont see the 50s early next week, temperatures will still be above average and the pattern looks dry for the most part. Continuing coverage this morning, flights are expected to run smoothly in and out of waterloo after an continuing coverage this morning, flights are expected to run smoothly in and out of waterloo after an unexpected landing yesterday. An American Airlines p