Buy timewarner a big power lunch begins right now. Welcome to power lunch, im melissa lee. Were just off session lows but stocks have accelerated losses here in the afternoon. Worst day in nearly three months stocks pushing lower following new details of the new Senate Tax Plan including a possible delay in Corporate Tax cuts. For all the details we have, lets head to john harwood in washington john the senates got a problem, their budget reconciliation rule allows them only to reducethis tax bill as we have seen emerge in the house, is going to cost more than that in the shortterm and also raise the deficit in the longterm. Also not allowed under senate rules. So what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the Corporate Tax rate going from 25 to 15 . From what i understand, the senate will not delay immediate expensing, which is likely to be the stimulus part of this bill
10year, we have Michigan Confidence on the way in an hour futures pointing to a lower open, the fate of tax reform and progress spooking some invest investors. Taking on netflix, disneys yet to launch screaming service. And forget black friday, the Worlds Largest 24hour Online Shopping spree getting under way in china today with more than 20 billion worth of sales forecasted futures are in the red looking to extend yesterdays sell off as uncertainty over tax reform appears to be taking hold on wall street the dows drop was first in eight sessions and both on track to post their first weekly losses in about nine weeks some of the coverage over the senate bill, mike says looms a showdown looms between the senate and house. I think the challenges are more in focus than maybe the potential opportunities. I do think yesterday interday, you definitely got that little ripple lower when it seemed like there was going to be delay in the Corporate Tax rate cut but in general, i think the market
His way inside and physically and sexually assaulted woman before getting on the elevator and eventually running away. We are asking the moment to look at the photo. If somebody out there knows who he is, we need their help. Please come forward with the information. We want to identify this person and take him off the streets. Jeff police say the victim in this situation has been released from the hospital. But she did suffer significant injuries in this attack. Coming up at 5 00, we will tell you how Police Believe the man got inside this building and where they believe he got in. Plus speak to other residents and what buildings in the area are doing about security. Jeff goldberg, abc7 news. Alison thank you very much. Also new at 4 00, a shocking twist in the chandra levy case. Her onetime accused mur Michelle Marsh is live with the new and the rarely seen video just released. Michelle ingmar gaundique had been convicted of murdering chandra levy in 2011 but has been granted a new tr
Two people. A tense situation outside the Turkish Embassy in washington. Protest turned violent and at least nine people injured. The details ahead. The Retail Sector remained in focus. Target set to report earnings ahead of the opening bell. The numbers you need to know. Markets under pressure after a record close for the nasdaq. Features most across the board. Dow futures down triple digits at the moment. The big question should be our investors watching washington . The lack of action on the progrowth agenda. In europe come to see how the markets are faring there. If i can, barely again on the ftse 100. It was declined across the board in asia overnight. Although modest in japan, hong kong, shanghai and the cost in south korea be the biggest loser down half of 1 . And this, a memorable night for cubs manager joe matt merkin is 1000 plan. He celebrated during a supposed kidneys cant print. All of that and so much more coming ahead. Political analyst kirsten happens here. Chief Invest
We have already hit that haet wave pattern three days in a row in the 90s. The difference for today, as you mentioned, those dew points are higher. It certainly is a muggier day today. Current temperatures westbound area 90 pa suburbs sees plenty of upper 80s. It is just 11 00 a. M. 71 for dover. We do have a lot of air coming up. So coming up in my most accurate forecast, i have those feels like temperatures because even though temperatures right now are in the 80s and low 90s it feels a lot warmer than that. Back to you. Police took brandon into custo custody. Take a look at the damage done to the vehicle. The suspect has been involved in several confrontations. It happened in front of a walmart. Police investigating the says as possible road range. A nbc 10 is there and well have a live report at 11 30. Out on bail nbc 10 was outside last night just moments after amtrak. He turned himself in yesterday. It was breaking news that we first brought you. He said nothing as authorities ha