What it means for you and the markets. A big day for earnings. Some major movers ahead of the open will set the tone for this trading day. Well dig in on a lot of the big reports. And one name with a big earnings move is twitter. Shares up nearly 10 right now. Take a look at the eye popping numbers. First up though the president set to unveil his proposed tax law changes today. Among the highlights a cut in Corporate Taxes, a cut in the rates of foreign profits brought back to the United States. The lawmakers were briefed yesterday by treasury secretary mnuchin and director cohn. Mnuchin spoke a moment ago about Corporate Tax rates. I will confirm that the business tax is going to be 15 . That is what the president said in the campaign. He said thats critical to drive growth and, you know, what i would say people talk about pass throughs. What we think is important is small business. And we are committed that small business, owner operators, will have the benefit of the business rate.
Do you recognize this pose . Legs crossed. Welcome to power lunch. Im michelle carusocabrera. First backtoback losses in more than a month. Utilities, technology are leading the way while energy lags. Another rough day for snap. The stock is down again. Trading well below the price of 21 a share. Ouch. Ouch, indeed. Snap, crackle and pop. Tyler mathisen here. Trade deficit jumping to its highest level in nearly five years as oil prices pushed up import costs in total. Zte Telecom Giant has agreed to pay the u. S. 182 million for violating iran sanctions. And clean up is under way in missouri after two tornadoes touched down last evening. About two dozen people were hurt but none have lifethreatening injuries. Jampacked two hours of power lunch coming your way. Brian sullivan is with us today from houston. Brian, what do you have on tap . Weve got a lot on tap, tyler mathi. Sen, thank you so much. We have a bunch of ceos for our cnbc audience. Conoco phillips, pemex and bp. Not just pri
Developments at britain, before they knew it was potentially a terrorist attack. What is going on with this, we dont know. What we do know right now is it has superceded virtually any other News Coverage right now on this the anniversary of the belgium terrorist attack. Incident thats about an hour and 20 minutes old, give or take. We will start at the beginning and try to work our way through this with what we know right now. We do know that a man attacked a Police Officer outside of the Uk Parliament today in the and the London Police are treating it as terrorism until they know otherwise. Theyre reporting on it and they say there are two incidents to look at presumably. You dont want to make too many assumptions. The two are linked into one larger incident. First a vehicle running over a group of pedestrians, the second a man being shot after stabbing a Police Officer. First of all, a fourwheel drive vehicle said to have driven over and you see some of this in the automations on the
An officer for the Strategic Air command. He represent itself dakota in congress for 26 years, four terms in the house of representatives and three terms in the senate. Elected to the house in 1978, he was part of the Democratic Leadership before moving to the senate for three terms beginning in 1987. He was elected summit to democrat leader and is one of the longestserving Democratic Leaders in the senate and the only one to serve twice as majority leader and twice as minority leader. Since he left the senate in 2005 senators subfour has continued to have a strong voice among washington policymakers and is contributed to the debates and health care, Climate Change, Renewable Energy Financial Services reform telecommunications and International Trade issues. In 2007 he joined other former Senate Majority leaders howard baker, George Mitchell and bob dole to create the Bipartisan Policy Center which seeks to find Common Ground on the nations most pressing issues. These days hes a Senior
Novel coronavirus or covid19 hour by hour as we work to help americans understand the facts about the outbreak, the scope and the risks. At this moment at least 849 cases have been confirmed in 36 states and the district of columbia. At least 27 people have died in the United States, most of them in Washington State. As the illness spreads, live in this nation is changing in multiple ways. More universities across the country including american university, harvard, ohio state, are canceling classes and moving to online instruction. Several airlines have announced deep cuts in domestic and International Flights as people are discouraged from traveling. First lets start with erica hill in new york. Erica . Jake, good afternoon. As you mentioned, these numbers jumping. It seems almost as quickly as we report them, the numbers change as more states report back. We are now at 27 deaths, as you mentioned. One man in new jersey is the first death in that state, a 69yearold man who didnt have