I need a hero welcome to power lunch. Im Morgan Brennan the stocks are holding steady. We have a mixed session. Two more trading days to go in september, the dow and s p 500 are on pate for an eighth straight quarterly gain. Mcdonalds giving the biggest boost to the dow today the transports hitting another error intraday high well drill down on some of the big movers roku, stock of the day, this is up 50 on its ipo debut. Also keep an eye on mccormaiccck we begin with washington, President Trump unveiling the longawaed tax pla promising tax cuts today House Speaker paul ryan and the top economic adviser came to squawk box to push the plan ylan mui joins us with the latest. Reporter it will have to go through the sausage grinder before it can be legislation, gary cohn was very clear on cnbc the 20 corporate rate is nonnegotiable. Speaker ryan was equally clear that the house is committed to hitting that number. Look, when we polled the border adjustment from our build back in the middle
52. 74. Creeping up to 53 here are the big stories were watching roku will make its public debut on the nasdaq. Roku priced shares at 14 each thats the top end of the expected range it has a market cap of 1. 3 billion. Rok lush roku wi tra under roku. Roku founder and Ceo Anthony Wood will be on squawk box this morning and rovio, the maker of angry birds video games will price later today. The Senate Intelligence committee calling on facebook, twitter and alphabet to testify at a hearing on russias role in the 2016 election. The hearing is november 1st. Alphabet and facebook have not said if they will attend Mark Zuckerberg hitting back at President Trump who claimed yesterday that the social Media Company was always antitrump. Zuckerberg posting on facebook, trump says facebook is against him. Well, liberals say we helped trump. Both sides are upset about the ideas and content they dont like thats what running a flat form for all ideas looks like zuckerberg said he regrets comments he
Show but first things first. A couplet to spain in of minutes but this is what your markets are doing. I want to keep a little bit of an eye on the euro. Euro little changed as the catalan president prolonged uncertainty over the regions next move towards independence. Want to get you to treasuries, study. European equities edging lower. With investors looking for the release of the meetings from the ecb. Lets get to first word news. Sebastian catalonias president has kept the rest of spain guessing on if and when he will declare independence. He reiterated an offer of mediated talks while attacking king felipe vi. King made his speech, the politics of rajoys government that has been a catastrophe towards catalonia and ignored the millions of catalan that you not think like them. It ignores the catalan that have been victims of police violence. The treasury secretary up puerto rico was calling on provide billions of dollars in emergency funds. On tuesday, donna tim suggested the u. S.
President trump prepared to give the verdict on iran tomorrow. A new strategy as allies urge restraint. Betty it did feel like restraint in the equity markets. We saw it touched slightly lower. That is raising questions about whether markets are vulnerable to a sharp pullback. , whichook at g btv 1138 shows you the brett breadth of the market. It is the equal weighted indexes in the blue and white lines. That evens out the in influence on the index. You can see the breadth of the market. Falling, hashis is fallen consistently and emerged with europe. It looks like a rally we see in europe, much healthier than here in the u. S. Which goes to the point many people say. Which is, we are richly valued and are due for a correction. Yvonne we are seeing a freeze in this melt of stocks in wall street today. It is no surprise, given the euphoria we have seen today. The big story was the banks. Betty it was the banks. We will talk about jpmorgan and citigroup in a moment. Lets see where the ind
Next, officials from twitter, facebook and twitter. The topics included russian use of false advertising and micro targeting. And suggestions for regulation of political advertising on the web. The subcommittee hearing is three hours. No one know. Thank you. The subcommittee will come to order. Ill make an opening statement. I think if senator grassley comes he will be allowed to do so. The title is extremist content in russia disinformation online. Working to find solution. Thats what we want to do. We here to try to find solutions. I want to describe the challenge. I doubt if i would be here if it were base for social media. President trump told fox news. This is the president say that from his point of view, social media was an invaluable tool to help them win. I would daresay everyone uses your service not only to the user, the millions of americans easier technology to share your step as a grandchild and i like to say to all of you you have enriched america. We have more Informati