While some investors like it when activists come in to shake up public companies, weve got someone who says theyre ruining corporate america. Hell make his case coming up. And the new years going to bring new business in california that would be legalized Recreational Marijuana what took them so long im surprised its taken california this long. You moving back no, i go visit family once in a while, though. Were going to introduce you to the First Company to be licensed to sell in california coming up. Lets get straight, though, to the confusion thats for sure. The confusion surrounding the tax bill as americans continue to line up to prepay their property taxes before the new rules kick in in the new year. The irs did release that memo late yesterday in an attempt to clarify who exactly can take advantage of the prepayment. But there are still plenty of questions. So we sent our guy, eric chemi, out, to look into this he joins us now from a hightax town in new yorks Westchester County
Down. Then stepped. Down. Now according to the office of. The last Big Government shutdown there were two during president clinton got. President of iraq back in two thousand and thirteen. Twenty five billion dollars according to experts that are other things could be expanded government shot down for example signing up for new social. Programs. Goes on for an extended period of time cutting a lot of things out of iraq that may run into trying to figure or bring new Product Support to the state department applications. And bang on one first some can be challenging im not a Government Shutdown. That much more in. Congress hasnt been right. The way the government. Powers are taking away. What a federal government will close if congress does not pass a funding bill by Midnight Ride that the closure will not only cost taxpayers money as weve discussed on the program before but if a shutdown lasts longer than a few days. Private sector jobs and put it in economic reform expect that was the
Coming up this morning. Took me a taco about it, Dagen Mcdowell, rose clip ceo managing partner mike murphy and twc managing partner Mitch Rochelle. Happy valentines day. Thank you for this. So sweet of you. Its a more important day for us. The cpi day. So excited about inflation day. Maria so worried, et cetera. All this comes back to a market improving. I dont have a problem. If the overall economy is improving, the market cannot fluctuations but a good thing overall. Dagen let me be the worrywart. Maria of course we want to get the Consumer Price index data to see how bad Inflationary Pressure is close to the third consecutive day. 200 points with another wild wind up trading despite gains at the close. The dow and s p 500 remain on pace. Worst month since august 2015. Nasa but the biggest monthly decline since january 2016. Mike murphy, what is your take . A little nervous. Nice rally from a three day rally, but its important to find that cpi. Its a basket of goods come in the pric
Tuesday. The major indices have recovered about half the losses they saw on the lows from february 9th. From february 2 chnd to february 9th a big selloff, but weve seen half of that regained lets look at treasury yields. Yesterday the tenyear was sitting at 2. 837 . Once again this morning, tenyear at 2. 84 . 30year at 3. 124 . Overnight in asia, the nikkei was off by 0. 4 . Big gains for the hang seng. Up by 2. 27 . The shanghai was up as well. Check out whats happening in the early trading this morning in europe. Youll see green arrows across the board. The cac, the dax, and the ftse all showing gains of better than half a percentage point. Stocks are higher in italy and spain. Check out the dollar, which set a new low, 15month low against the yen yesterday. You can see that continuing. The dollar down once again, 10 7. 45, the dollar against the yen. Oil prices are actually below 59 this morning wti sitting at 58. 72 brent is above 60, 62. 43 those prices continue to drop. Couple b
We have the slow lane blocked right now. Also talked to chp about a hazard reported, westbound 80 at powell street. Sounds like a pt cruiser that blew a tire out. It looks like the backup improving so ill tree to confirm if they have it cleared. Alexis, thank you. Tracking breaking news in newark this morning. Alameda county firefighters are investigating after a fire burned through a business there. Several cars caught fire, then the flames spread into the building. This started around 2 15 around Central Avenue and timber streets. No injuries reported. The cause is still under investigation. Yikes. Several skateboarders and a Police Officer end up hurt after a skater takeover outside dolores park. All of this happened last night, and this morning, Amy Hollyfield has the new video and the latest information. Amy. Hi, natasha. Police briefed me this morning. They say the officer who was hurt hurt his shoulder. Hes okay. Hes been released from the hospital. Some of the skateboarders did