Items, his diary, even his famous glasses found overseas. See who stole them from yoko ono and how they were recovered. And the big news overnight about prince harry and his american girlfriend, Meghan Markle. A good wednesday morning. We begin with breaking news overseas. A u. S. Navy plane has crashed in the pacific. This all happening in the last few moments. We know now there were 11 people and at this hour search and rescue operations are under way in the philippine sea. Eight recovered all in good condition. The navy says in a statement the transport plane was on its way to the uss ronald reagan. The names of the crew and passengers are being withheld pending notification of their families. So, this is from the Pacific Fleet which has been involved in two deadly accidents in the last five months, the most recent in august when the uss john mccain collided with an oil tanker near singapore. Ten sailors were killed in that accident. Were going to bring you more details on todays cr
Signs of red. We are in the yellow, 15 minutes in the maze into San Francisco. Im tracking the fog for you this morning. We are seeing some fog building up across the east bay and the north bay right now. So lets zoom in close and show you whats going on for livermore down to about a quarter mile visibility now. It went from 0 to. 3 miles. Oakland airport 5mile visibility, concord 5 miles there. Napa, just down to a half, santa rosa about a quarter. So the airport in santa rosa, Sonoma County, you see some issues because of that fog. And thats why this dense fog advisory has been issued. Its not going to end until 8 00 this morning. So they are advising drivers of course to keep a distance between you and the car ahead of you. And turn on the fog lights, not your high beams. We are looking at our dublin camera. You can see some of that fog there. But sfo looks like flights are still good to go at this hour. No delays. Temperatures in the 40s and 50s. Right now, the search is on for an
Senate republican tax bill are improving. Alaska senator Lisa Murkowski has agreed to kill obamacares individual mandate. She has not yet endorsed the tax bill but said she preferred not to mix it with health care. That is welcome news to our next guest, Grover Norquist, the president of americans for tax reform. He joins us from washington. Happy turkey day. Grover it is a big day for tax reform. Kevin let me ask you about whether or not individuals in the middle class are going to get a tax break, when they fill out their taxes in january. Grover they are going to be better off and i suggest you look at three different buckets. What is your income this year and next year aftertax . Most people will see a tax reduction in their cash flow. The second bucket is what happens to your assets . If you have a 401 k , if you own stocks. When we take the corporate rate, that increases the aftertax cash flow. Kevin we have already seen them going up. What is the third one . Grover the third is
The rally created a little bit of a left in european stocks. The dollar falling, weakening after janet yellen warned of rate increases. Of course, i am looking at the pound on the back of the budget and oil heading for its highest close in two years on extending output puts. We hvave a great show for you today on budget day. That conversation at 10 30 a. M. London time with normon l amot. Of a dodging the risk snap election. While merkel has publicly stated she is open to another vote, the president is to renew the partnership. Zimbabwe is waking up to the post mugabe era. There were to be let there scenes lastnt night. What will take over as the leader. A u. S. Navy aircraft carrying 11 crew and passengers has crashed into the sea. The seventh fleet was on route to the uss Ronald Reagan. They are conducting search and rescue operations. Because of the crash is currently not known. The outgoing chair of the Federal Reserve has cautioned that raising Interest Rates too quickly with infl
This along the holiday weekend. Investors at 27. S p down a fraction treating up this morning the Major Industries look like this. 5100 at a quarter of a percent. Cac and dax down a fraction. Gains across the board. Best performer there. Hong kong continued the momentum up two thirds of a percent. Reagan is overnight. The navy plane crashes near japan with the lebanon board to a people rescued receiving medical treatment. The latest on the search effort this morning. Sad day for the music world. David cassidy has passed, dead at the age of 67. We look back at his career and legacy this morning. Plus, the nfl, the nfls changing attempt on policy by not having players come out at all. While the infamous played. The president treating his reaction. Hes averaged as well. Want to bring some heat to your thanksgiving turkey . Why not try adding some flaming hot cheetos . All of those stories coming up this morning. Fox Business Network they can make towel. Editorial page editor James Freeman