Kathleen youre watching daybreak asia, coming to you live from new york and hong kong. Autonomous where coming down to asias major market open. Haidi oil hitting a high for the year on investors settling for a 10 year yield below 4 in the latest treasury auction. Disney gaining after the bell and a folk at forecast for lower Capital Spending. China says u. S. Is weaponizing trade as President Biden signs an executive order limiting investment in some of his companies. Kathleen lets take a look at u. S. Futures. It was a down day in stocks ahead of that big cpi report in the next 24 hours. You can see a bounce back but at the close, the nasdaq was down about 1. 2 . The s p 500 down 7 10 of 1 . Nvidia, big move down. One of our reporters saying earlier that people wonder what has gotten the cpi report so nvidia was down, tesla was down, amazon was down and then there was a big surge in lng prices. 28 in europe, caused by the threat of a strike in australia among Union Workers there. Coup
65 degrees. Wind speeds through midmorning are 1530 Miles Per Hour out of the south and the hill tops could get gusts to 40. Where the rain is right now, Sonoma County and marin county, this narrow line will move south as we transition to scattered showers. It looks like the heaviest rain is going to show up later this evening and overnight tonight. So, daytime temperatures, not that different than the numbers outside right now. Mid60s outside. Well have an hourbyhour outlook on the storm, how much rain here and the snow in the sierra. Wow. It will officially be december before we know it. All right. Thanks so much. We want to let you know the free nbc bay area app will come in handy today. You can track the forecast for your community, click on the weather tab. New details in a deadly scene in the east bay. The suspect that killed four and injured six others has been arrested. It happened around 8 00 last night. This was the scene at i80. All westbound lanes were shut down for about s
We could have a deal as soon as tonight. Its clear as mud at this point they may not reach a final agreement until later this weefpblgt and even when they reach a deal, it will still be sometime before we see the actual text of the final tax plan. On some of those differences between the house and senate versions, the headline of one of your rollcall. Com pieces says six things to watch as tax overhaul end game nears. What are those key differences you mentioned that still have to be worked out . Reporter one of the big ones is the Corporate Tax rate. Both the house and the Senate Proposed slashing the Corporate Tax rate down to 20 . But a key difference is that the house plan would have had that take effect right away whereas the senate would have delayed that cut for one year. Thats a big difference to settle with a lot of passion on both sides. As well as outside congress. A lot of business groups and conservative groups are interested in that. The socalled alternative minimum tax,
[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2017] [indiscernible conversation] announcer with house and Senate Tax Reform negotiations are taxg wednesday, reporter is with us. There is talk about the deal in the works. What is driving that . Talk started early this morning when senate in when several republicans senators said there could be in deal today. Yesterday, senator and house members were saying there were still a lot of issues to be worked out, but apparently they are getting closer to a deal on some outstanding issues and some differences between the house and senate tax plans. We could have a deal as soon as tonight. They may not reach a final agreement until later in this week. It will be a while before we see the final tax plan. The head of one of your pieces says six things to watch as tax overhaul and game nears very what are so
Welcome to bbc news. The constitutional crisis in spain escalated today, with catalonias Regional Parliament in barcelona voting for independence from spain, and the Spanish Parliament in madrid voting to impose direct rule over catalonia. Lets get the latest from tim willcox. Welcome to a very noisy central barcelona were thousands of people have taken to the streets to celebrate catalonias newly independent state. Several thousand people behind me in the square. The flags are waving, music is playing and people are shouting viva catalonia. A very different story from that in madrid which at that time of the declaration of independence here was passing a senate vote arranging to impose article 155, effectively direct rule from madrid. Lets catch up with the very latest on the political is to wish them, the greatest constitutional crisis to affect spain since the attempted coup in 1981. This report byjames reynolds. For centuries, catalonia has been part of the kingdom of spain. This a