Years. We have been a crossroads in the past, and unfortunately, we have usually taken the wrong fork. Tonight, ladies and gentlemen, you took the right turn. [applause] imperilhis win could the gop agenda in congress, shaving down Mitch Mcconnells republican majority to just one vote. House and Senate Negotiators are said to have reached a tentative compromise for the tax overhaul. The latest, we go to kevin reporting. Wn the lets start with the alabama race. , what do weoss tabs know about who voted . How did women vote . Kevin speaking with political types in alabama, who said that overwhelmingly, turnout, particularly amongst the Africanamerican Community, helped fuel doug jones to victory. He had top surrogates, including nba legend Charles Barkley getting out the support, trying to drive out turnout in urban areas, including mobile, alabama. Some areas have a turnout, surpassed and even matched the turnout in the Africanamerican Community for when we saw the obama mccain election
Losing one child, let alone two. Reporter a family friend says a text message alerted them to the news. His son played baseball with bryan jr. And they wanted to help. A gofundme page is bringing cash donations to the family so they have less to worry about as they try to recover. We hope god is with the family to carry them through this difficult time. Reporter after investigators sifted through the ashes in search of a reason why the fire started, those who want to do something are showing up and leaving trinkets as a memorial. They too are asking why and how. I just dont know what theyre going to do. I dont know what that family is going to do. Its the most horrible thing i have ever heard. People are dropping off flowers. One man dropped off a baseball glove and bat. Were also told by the School District that grief counselors were on hand as the Elementary School where the children went to help their friends with the loss. Reporting live in schwenksville, montgomery county, deanna
Pointing to a higher open following a double dose of news out of washington. The fed raising rates and upgrading the outlook for the u. S. Economy and congress reaching a major agreement on tax reform lets start with taxes tracie potts is live in washington with the details. The president says it will be a christmas gift, democrats say its a bad deal for the middle class. Five things you need to know and two things to watch about this tax plan first, what you need to know taxes would drop for the wealthiest americans to 37 . The Corporate Tax rate would drop to 21 , more than republicans wanted, but much lower than it is now at 35 some of the popular deductions would stay with limits Home Mortgage interest up to 750. State and local taxes up to 10,000 the key point here, the Affordable Care act mandate to buy Health Insurance that would go away with this plan the two things you need to watch, first, democrats are pushing to delay this vote which is already on a fast track until the 49t
Bob iger is about to join us as disney buys a big chunk of 21st century fox. Retail sales up 0. 8. But we know what the lead is today. Yep, we finally got the deal weve been talking about now for more than a month, of course disney buying those fox assets that weve detailed time and again over this last, lets call it, five weeks or so since we first brought the story to you of the talks between the two it is a large deal, to say the least. Depends on how you want to value the equity right now, at current prices, and if you take into the considerations that minority interests, its about 55 billion in equity. Some 515 million shares of disney will be exchanged for the fox businesses that are going to be sold to disney. Were talking about a deal with an enterprise value of 69 billion. Theyll take on 14 billion worth of debt. Tax liability which i finally got clarity on, 8. 5 billion to fox. That is the spinco, could come down as a result of tax reform, the lower tax rate and that will hav
60 points after the dow closed at a record level yesterday. The s p closed lower yesterday all the major averages moved off the highs of the session this morning the s p is indicated up by 5 points the nasdaq up by 10. This came after the feds decision and after if looked clear that Republican Leaders reached an agreement, at least in principle, on where theyre headed with the tax bill well talk more about that green arrows across the board this morning in asia, the nikkei looked like it was down by a quarter percentage point similar declines for the hang seng and shanghai. This morning in europe, with some of the early trading, you will see that there are some declines across the board. The biggest loser is the dax down by a half percentage point. Cac in france is down by 0. 4 . We have the bank of england and the ecb going to be releasing some policy statements today check out crude oil prices which were lower yesterday crude oil at 56. 59 couple of big economic reports on the agenda