Korea higher by a percent overnight. Looking at the action in the European Equity markets. The futures picture here, the dax higher by 1. 6 italy up by 1 green arrows across the board. Looking at the action in crude wti, highest level yesterday since february of 2017 today up by 1. 2 55 is the level. Brent is at 61. 59, up by more than a percent we will have more on the strong markets in a moment first were getting new details on yesterdays terror attack in new york city. Eight people are confirmed dead. Dozens of others injured after a man deliberately drove a truck down a bike path in lore manhattan. Lets get toContessa Brewer live on the scene with the latest good morning good morning the home depot truck used as Deadly Weapon still sits in the intersection behind me, blocked off by crime scene tape and surrounded by investigators. This is a tactic that isis has called for, turning everyday vehicles into Deadly Weapons and it was successful yesterday. Eight people dead. The number of injured in the hospital now up to 16. Just as local schools were ending, police say the driver turned on to that popular jogging and cycling path along the west side highway, mowing down pedestrians and cyclists. Swerved off the path, slammed into a small school bus, two adults and two children hurt on that bus the driver got out of the rented truck, pulled out a paint gun and pellet gun and was told to drop those weapons by an nypd patrol officer, when he didnt, he was shot in the torso he emerged from surgery overnight in Critical Condition at Bellevue Hospital the investigators learned that the driver rented that heavy duty truck from the home depot in passaic, new jersey. We have chopper aerial footage of that home depot where his minivan was found. They found a note inside the rented truck indicating the driver intended to carry out the attack on behalf of isis the driver is sayfullo saipov, originally of uzbekistan, a 29yearold. He came to ohio in 2010. Hes a permanent legal resident of the United States he had been in tampa, pennsylvania in missouri he received some traffic citations, failure to appear, so he was arrested he had a commercial drivers license, and for the last six months he has been an uber driver uber said they are horrified by the event and they have kicked him off the app. Uzbekistans president has called donald trump not only to offer condolences but assistance in the terror investigation. Again, at this point, Authorities Say this is a lone wolf attack, why they are saying that and what the evidence is leading them to that conclusion, we dont know. We still dont know the names of some of the victims, but we know five of them were argentineans celebrating a 30year High School Reunion in new york contessa, in times square, every day were watching barriers theres a lot of new things happening in response to what happened in nice and some other times that a truck has been used hasnt been in this country yet, but bike paths, trying to figure that out no barriers, i guess you can freely drive up do you live nearby . Arent you in tribeca . I love a short walk away. Im here all the time. I use that bike path with my small children weekly. So this is an area i know well its possible for you to turn in where the cross roads meet that cycling path occasionally theres an opening, where a vehicle can get through or a business where delivery trucks use that theres been instances where people have been killed on it before from vehicles crossing it but driving down the bicycling path. And there are barriers on either side of the path if people saw that truck barrelling through, theres little way for them to escape and get out of the way. Its astonishing knowing how traveled that path is and how heavily used that is by pedestrians, cyclists, tourists. The tourist toll among the injured is remarkable. Its amazing theres not more people injured in this attack. The west side highway is closed down for two miles this morning. That will impact Lower Manhattan and affect wall street this morning, thats a major thoroughfare into wall street that will create gridlock in Lower Manhattan. As it was happening in realtime, i read road rage, a dispute between a truck and some other motorist was there a hesitancy with officials to when did deblasio finally say looks like terrorism . I dont know thats what you think immediately, but then youre sort of talked out of it by officials saying, no theres no evidence of that looks like road rage do you know the timeline if it happened when schools were letting out around 3 00, and they know there was a people were hearing shots. For a Police Officer to be involved you know, im sure its hard to tell when they learn, they emerge from the car screaming right it was about two hours. It happened about ten after 5 00 p. M. When officials declared it an act of terrorism. It happened more when we learned about what the shooter proclaimed after he got out of that truck thats how long u. S. Officials took to declare it an act of terrorism. Couple of hours. The marathon has been in boston, that was a target. The new york marathon is coming up, is it not . That must have officials a little bit concerned yet if you look at what happened last night, they came out on the ta of thday of this hours later, the mayor saying the village halloween parade will continue. The schools are open this morning. I got a note from my kids school saying were in session. We take security very seriously. We will alert parents immediately if there was a security concern but as you know, this is a pervasive back of mind threat that exists for new yorkers. You know when you live here, you raid your family here and work here that it could happen. 9 11 changed all of that for new yorkers. We take it seriously and were on guard, but you hear well live our life. We wont let the fear of terrorism get in the way of tha that okay. Well talk to you again. Well see you every hour this morning for updates. Turning to our top story out of washington. House republicans are delaying the release of their new tax bill it was lated for todaslated fory m ylan mui has more on this. One of the big holdups is what to do about the state local Tax Deduction. There was a compromise that would have kept the property Tax Deduction but got rid of the one for state income taxes some republicans from hightax states like new york and new jersey are not on board with that idea. Last night brady announced the rollout of the tax plan would be pushed back to thursday. He said they are making progress and they intend to begin debating and vote on this unseen bill next week President Trump tweeted last night the Republican House members are working hard and late towards massive tax cuts they know you deserve. These will be the biggest ever yesterday two sources briefed on the plan told me that the corporate rate would be lowered to 20 , and it would happen immediately. It would not be phased in over several years. That spooked the markets earlier in the week. It was clear whether the reduction would be temporary or permanent. Clearly this bill is still in flux and theres doubt whether republicans can get this passed by thanksgiving. Not a good sign when you cant make your first deadline joining us for more on the tax drama in washington is jonathan swann, political reporter for axios they missed the first deadline how can they make the vote by thanksgiving deadline. Do you think this spells trouble for the road ahead sure does most republicans have not seen this bill. Leadership and house ways and means, they often get in their own little bubble. Theyve been thinking about this for months and months, working through all these issues they take a lot of stuff for granted. Most republicans on the hill have not seen the text, and theyll find a lot of nasty surprises when it comes out. Theres all these politically toxic issues like meddling with retirement savings, state and local deduction, theres all of these compromises theyre making to get down to 20 presumably theyre taking this extra time to make sure some of these issues are ironed out so theres enough to appeal to the republicans from the high income states to get them on board. Maybe this is a precursor to a smoother passage, no if they can work some of these issues out behind closed doors and delay that deadline to make sure the bill has a better chance from the start. Let me disagree with you. Sure. They are working this out still within the committee they still have not socialized this among the members mark meadows, the head of the Freedom Caucus, he has not seen this text. His members have not seen this text yeah, they can keep hammering it out in the committee, and they disagree on a lot of stuff, but at some point they have to lift up the kimono. And its not pretty whats under there. Yeah. Okay jonathan can i say one more thing . I dont know. Im worried about you. You are going to go into details on that . No no mo, no more kimono we will break this morning in the news letter, theres going to be an absolutely eyepopping ad spend from some of the biggest dmoerns republicbig e biggest donors in republican politics to support this bill. Republicans on capitol hill in the white house and in treasury, they see this as existential if they fail to pass this exactly thats what i was going to say i will stick with like food analogies. They work for me better. We have front end loaded the dessert, now you will hear about the vegetables these guys say again and again in 1986, every single interest groout group had to feel they were getting screwed over. We cant possibly survive if you guys do this its got to be equal and spread to everyone. Im wondering whether these guys really know this time its just the way its going to be. The mortgage industry and everybody will have to have pain to get this done for the greater good maybe this time because its so well known by republicans they dont whimp out and they know they have to do this not everybody will be happy, but its got to be done. Do you think thats a possibility . No. No, i dont. You wonthey wont eat their vegetables no, theyll eat three and put the rest in the bin. 1986 was bipartisan. You had serious commitment from serious players on both sides who wanted to get this done and who wanted reform. You have a president at the top telling members in Conference Calls he hates the word reform its all about cuts. Already they wussed out on eliminating the state and local deducti deduction. Kevin brady told some conservative leaders last week they had already, because of their compromises to appease these blue state members, they had given back more than half of that trillion dollars. At the first seen of trouble they already are wobbling. The first was the v. A. T exactly exactly. Yes. I live in new jersey, i work in new york. Its going to hurt but i understand how a lot of states should not be these other states should not be subsidizing all the spending of these coastal states that blow all the money with their freewheeling spending i can understand how you can do that why cant they just suck it up because theyre trying to get reelected this year or next year members are squealing their members are squealing. So he your odds on anything getting voted on by thifg is wha thanksgiving is what it still could happen, but i have never seen this as being a substantive reform bill. Well let you go. The ive been watching axios. Im still following you. Axios on twitter ive been disturbed a little really. Youre not going politicos route. Youre trying to stay somewhere just reasonably close to center, right . Have you got any say in that am i right ive been advocating for more of a far right neonazi angle is that what the far right is oh, god. I want us to be a platform. Im joking im joking okay. Okay you go the antifa route like politico no comment. No comment thank you keep it in mind. Thanks for the advice appreciate it. Cover both sides. Tell mike allen. I will. In other washington news, executives from big tech and social Media Companies were in the hot seat on capitol hill facebooks chief lawyer was the target of most of the questions, he called the fake accounts to spread misinformation reprehensible. You cant put together rubles with a political ad and go, hmm, those two data points spell out something bad . Senator, its a somethiignale should have been alert to and in hindsight one we missed. Okay. Okay yeah stretch said facebook would double the number of people it has working on issues from safety and security from 10,000 to 20,000 by the end of next year executives will be back on the hill today just just i just still see stewart smalling any way. Walmart pulling out all the stops to take on amazon this Holiday Season the retailer is rolling out massive deals and throwing party force cu parties for customers who decide to come in stores to shop. Well talk more about walmarts plans with Courtney Reagan at the bottom of the hour it says anchor now im ready. You go for it. Im thinking about taking a personal day tomorrow. Game seven in the world series is tonight the dodgers beat the astros in l. A. Last night, 31 they keep their hopes alive. I saw the first couple innings, verlander is so good. He looked i guess they got to him a little bit finally i dont know 31 is not 1312 or 1211. The series coming down to tonights game in los angeles. Its not until 8 20. Thats way too late for you yes it is. Its not its just not fair you cant i cant watch cant you cant watch the replay of it knowing what happened . No. Its all new to you, right . When youre watching how could you not know who won the world series if you you watch it the next day . Is the point of the game to actually know who wins or enjoy the players and sportsmanship do you watch . No. Okay. Baseball and the postseason, you even foul balls, youre like every pitch is important. That thrill is decimated. And the count will be 32 full count you know the guy has or if bases are loaded its every pitch the crowd is into it it comes down to one game. It is really exciting. I go back to 75, 76, 1991. If youre not here tomorrow well know why ill be here. I wish i could watch. Coming up, todays agenda on wall street. We have a rundown of the earnings, Economic Data and stall branch news. And at 8 00, two newsmakers. Former treasury secretary, jack lew, and activist investor bill ackman squawk box will be right back. Not rebalancing your portfolio. Focused on what you love, not how your money will last through retirement. We make it easier to plan for retirement with day one target date funds from prudential. Look forward to your 401k plan. Yes or no . Gin. Do you want the same tools and seamless experience across web and tablet . Do you want 4. 95 commissions for stocks, 0. 50 options contracts . 1. 50 futures contracts . What about a dedicated service team of trading specialists . Did you say yes . Good, then its time for power e trade. The platform, price and service that gives you the edge you need. Looks like we have a couple seconds left. Lets do some card twirling twirling cards e trade. The original place to invest online. Stocks to watch today. Honda motors posting better than expected Quarterly Results and raising fullyear forecasts. They expect to sell more cars and motorcycles this year, particularly in asia it says the weaker yen is boosting the bottom line. Shares are up 1. 5 shares of envision healthcare plunging. Earnings coming in below forecasts. The company says it has hired advisers to review Strategic Alternatives with all options on the table. Thats about a third of market cap gone right there 3d systems shares taking a hit after the company withdrew its guidance for the rest of the year the computer manufacturing companys earnings and revenue fell short of estimates. 3d systems blaming a reorganization during the quarter. Shares down 20 now. The fed is set to announce its decision on rates today. For more on that were joined by charlie dibel from aviva investors in london and here on set is rob martin, u. S. Economist at ubs charlie, ill start with you, since i know we have a delay well take as long as well sit here as long as it takes to hear your comments do you expect surprises from the fed today . Even in the comments or what happens . I think the interesting bit today is not the decision. Nobody expects them to move. The interesting bit is the narrative around inflation we continued to see an undershoot from the infralation metrics in the u. S for now the fed are continuing to go in the direction that inflation will show up so ill be listening for anything to do with how theyre theyre worrying more profoundly that inflation is not showing up and that they should be potentially less aggressive on future rate hikes. The whole notion that that is the priority for the fed, i can understand it if youre not seeing Consumer Confidence or other economic metrics which do seem to indicate we might be shifting into a higher gear, not just here in the u. S. , but partly because of the Global Growth as well the fed is supposed to be somewhat predictpredictive cant we assume that inflation will get to where its supposed to be and not something to worry about . Thats clearly the stance theyre adopting. Having as if io will show up, but if there is a downturn and if inflation has not shown up with such solid metrics, the risk in any weakness is that inflation ticks down sharply you get into the whole deflationary mindset again thats the risk. Rob, i think of not all inflation is the same. Theres a lot of positive things with technology and the digita age that may be keeping inflation it appears to be lower than it is arent through enough signs that the economy is solid and that should not be what the fed is thinking about the economy is solid. Theres no question about that the economy has been solid for a long time. We expect inflation to move up this year just like the fed does why dont they look ahead they do our view is the fed does not hike where inflation is today but where they expect it to be tomorrow they think it will move up now there are technological forces, theres competition in the retail space, prices are being held down. Theyll look to that to an extent but still expecting inflation to move up to the 2 target over the next year or so. Theyre not in a hurry for that really everythi