Welcome. October proved not to be scary for stocks. First, typically april 15th is tax day, but in washington, tomorrow is expected to be that day, as republicans are expected to unveil their longawaited tax plan. The guessing game is almost over. Which deductions are in . Which are out . We wont know for sure until the bill is released. But we do know the lastminute push is on. And as ylan mui tells us, there are still details to be hammered out. And some of them are big. Reporter republicans expected to roll out their tax plan tomorrow. And theyre calling it a once in a Generation Opportunity to rewrite the nations tax code. That will likely include reducing the number of individual tax rates from seven down to just three with likely a fourth added for wealthy households. The Corporate Tax rate would also fall from 35 to 20 , and businesses would no longer have to pay taxes on their foreign earnings. Now, earlier today, during a meeting at the white house with business leaders, Presi
Market. When that problem goes away, as it did today web food giant mongolese walked way from its bid to hershey, after they couldnt agree on a price. Over the entire averages. A big reason why the dow sank, nasdaq claimed. 8 . The intenses competition created by the sheer number of companies in business may be good for the consumer, good for you and me. We all benefit from corporations duking it out for our patronage. At the same time, this competition is an anathema to profits [ booing ] which is why we see so Many Companies doing deals, even could argue the governments around the world have gotten tougher on mergers and a lot of stocks are pretty darn expensive versus their historic valuations. Let me take you through the Competitive Landscape sector by sector starting with the food group. The Food Companies have so little growth that the best ones like General Mills are hoping for flatter reits next year at best. Think about the fierce composition in space. Virtually every aisle of
Including Second Degree assault on a Police Officer and child abuse. On this Ash Wednesday the oldest catholic parish in colorado is picking up the pieces after an overnight fire. It happened at our lady of guadalupe in conejos in the san luis valley. The parish was founded 162 years he ago and the church was videoed in our spanish Heritage Church last october. The fire appears to have started in the back of the church added onto the building. There was another fire 90 years ago to the day at this church. Parishioners told us last fall the church means so much to them. Its just inspiring. Its inspiring and so thats how i look at our lady of Guadalupe Church here. Its a special church for everyone in the community. Special, incredibly beautiful. We dont have any information yet about how the fire started the Conejos County Sheriffs Office is investigating and the Colorado Bureau of investigation is helping in that investigation. A glorious day across colorado again today. Temperatures s
Met this morning a 70 billion merger. Royal dutch shell buying bg group. Will this finally trigger energy . Tesla upgrades the model s with a starting price of 74,900. More features a larger battery has tesla shares moving higher in the premarket. It is earning season. Alcoa set to report tonight. Apple watch review season. Were going to preview both in just a minute. First up Royal Dutch Shell striking a me da deal to buy bg group. Shell says the combination would add 25 to its proven oil and gas reserves and make it the Worlds Largest producer of liquefied national gas. Heres what shells ceo told cnbc europe about the deal this morning. This is not a bat on the oil price. This deal works in a whole range of oil and gas prices. Of course we still believe in the longer run in a few years time we will see the longterm fundamentals we assert itself. We will see Higher Oil Prices than what we see at the moment. Of course, this deal will look not just very good it will look fantastic. Jim