Four days. The story here, Home Builders and housing. Home builder stocks getting it hard on the proposal to slash the mortgage cap in half were going to give you more on that coming up with somebody angry about it as well three big stocks were watching this hour. Apple, Company Getting set to release its earnings tonight a lot of questions about the iphone 8 and x facebook shares down after Mark Zuckerberg said he is serious about facebooks russia response and he will boost spending to police content thats raising concern about future profit and margins. Time warner taking a hit much more on these three stocks ahead. Lets get straight to this big tax plan we have our oreporters covering every angle for you. Theres going to be four tax wrack ets. For households that earn over a Million Dollars of income. The next tax rate will be 35 . That will apply to income between 260,000 and a Million Dollars. The 25 tax rate will apply for income between 90,000 and 260,000. The 12 rate, the lowes
Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The
Make larry thank you for that. Good luck, mr. Speaker. President trump started the day adding to the drama with the tweet calling the appointment of the special prosecutor the single greatest witch hunt of politician in american history. The situation changing by the minute. This is what happened. Hours after saying that Michael Flynn wouldnt comply with the subpoena the chairman of the Senate Intelligence committee correcting himself saying that the panel hadnt gotten a response from flynns lawyers yet. We learned that the former c. I. A. Director john brennan will appear before the house Intelligence Committee next week to talk about the allegations that russia meddled in the u. S. President ial election. Earlier in the day, utah congressman Jason Chaffetz announced he will leave congress june not but it is unclear what the early departure of the head of the House Oversight and Government Reform Committee means for the investigation. Alison in the midst of all the madness with the in
Stocks, the dow with the eightday win streak but futures point to a lower open as investors await fed minutes. Plus carl icahn stepping up bristolmyers, the activist takes a stake in that company. Is it headed for the Auction Block . And the new face of the s. E. C. Promising deregulation and increased competition, fcc chairman ajit pai is going to join us live in just a few moments. First up though, the watch is onto see if there are more historic moves ahead for stocks today. The dows coming off an eight Straight Record close after hitting their own alltime highs. The s p and nasdaq each hosting gains in nine of the past ten sessions. As we said earlier the s p up more than 10. 5 since the election. A lot of discussion about shillers p e ratio, jim, investors paying more for a dollar of earnings now than they did at any point leading up to the crisis. I struggle on that. I was on the walmart call and home depot call, there are some dow stocks and these quarters are so much better tha
For little girls, and one little boy all killed. Three of them were third graders, one a first grader, the other just in kindergarten. Its the most unnatural thing in the world, is for a parent to mourn the loss of a child. There are no words that can bring comfort to a mother or a father. Today the city is praying for these families. Spec speaking at. Taste the bus drivers mother defending her son. Calling this a drastic accident. Saying he tried to help kids out of the wreckage. Is a father himself. The safety board has sent a team to investigate. They will be looking at the school bus version of a black box to try to determine what happened. The water is now safe to drink in peoria. That wasnt the case a few days ago. Especially for kids. s but we just learned about this today. We wanted to know what took so long for a warning. Reporter we want to reiterate that the water is safe to use and to drink. There has been no reports of anyone getting sick. We want to show you here are the