We have a very packed show. Quickly onto your data and onto your markets. This is how we are looking in terms of the picture. A little bit of the markets moving sideways. Im getting some of your Areas Service p. M. It is in line with estimates and it is what i am looking at. Overall, they are moving sideways and if you look at bonds, they are rising climbing on the back of will be did in saudi arabia. Those are the markets. We had a great guest lined up for you today. Will be speaking to the former president of the ecb. Wilbur ross joins me a little later today. We will talk about the tax plan and the paradise papers. Lets get to the bloomberg first word news with nejra cehic. Nejra in the u. S. , 26 people have been killed after a gunman opened fire at a church in texas. Another 20 were wounded in the attack at the First Baptist church, in a small town in burleson county. Victims ranged in age from five to 27 five to 72 years old. Japanese Prime Minister shinzo abe has announced lines
The day before climbing back, still the worst for the dow and s p in two weeks lets get to ylan mui in d. C. For a breakdown on the details that moved the market today, hi, ylan reporter hi, melissa the big news in the senate plan was that it delays the Corporate Tax rate cut by one year it wont take effect until 2019. And then it will go down to 20 . The house also passed its version of a tax bill out of committee. There were some significant changes to the way that it addresses the Corporate Tax code as well. The house version of the bill would raise the repatriation rate from 5 and 12 to 7 for noncash assets and 14 for cash assets it also would implement a new lower rate for Small Businesses that have income less than 75,000. On the individual side, there are also some significant differences between the two plans as well. The Senate Version of the tax bill would include seven tax brackets for individuals the top rate would be cut to 38. 5 . The senate bill also totally repeals the
If it wasnt with, smile about it this morning. Hopefully we can do that. The weather looks good. The south bay, a dry day. San francisco, so soggy, you will be like, i cant believe its sunny in the south bay. Thats the kind of weather well have today. Right now, not a lot going on here. Very spotty, light rain. Let me show you how it pans out through the day. Hit or miss showers in the north bay. Then we see a little more moisture rolling in, ramping up, moving in from parts of the Golden Gate Bridge and farther to the north. North bay, santa rosa, napa, walnut creek and livermore may have a little rain today. Dont expect a lot of that to move into the south bay. Parts of the bay area getting wet and that may affect the drive. As you get ready head out, how is it looking now in the north bay . Mike . We had problems in the north bay. I cant say because of the wet roads, but watch them in the north bay. Over here, the rest of the bay shows a great drive. A fender bender reported off 238
Handed drink after drink. No one called First Responders until about 12 hours after he fell down the stairs. The 19yearold sophomore suffered a fractured skull, a shattered spleen before he died. His father was choking back tears as he blamed the fraternity for his death. Were making Holiday Plans without or son tim because of your actions. If you did not commit the acts you did, we would not be here today and we would be anxiously awaiting tims return home for thanksgiving break on friday. And as ive mentioned, a total of 17 frat brothers are now facing charges with some facing involuntary and hazing charges. All of the frat brothers who are accused and are denying all of those charges against them. Live in the breaking news center, keith jones, nbc 10 news. All right, keith. You can read more about the new charges and what the d. A. Says was exposed in the Surveillance Footage right now on the nbc 10 app. Turning now to the weather stay dry as they should be. This is walnut street in
Beefing down 168 points, it just scares the heck out of people like you wouldnt believe. I think some of those fears are a mistake. First look witness how we rebound today. Dow closed down, s p up, its okay to be concerned you should always keep a close eye on your stocks, theyre not cash i think worries about a devastation sell off lurking around the corner. There are a lot more benign forces working in this market. First its tough to pin this markets decline on anything in particular many people think its signals something is indeed wrong we just havent figured it out yet. Its like we believe someone knows something that we dont know and they were selling all kinds of stocks from retail, transports, oil and gas and the ba banks and of course the decks. Many markets find the lack of volatility to be disturbing. Today a very smart manager, david swing son, he ones yales endowment gave a talk he says he found the volatility profoundly troubling. Given the geopolitical attentions he talk