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dollars at a one-month high. road map begins with trump s tax plan and the president and gop moving on from health care set to unveil their framework. the dow looking to stop a four-session skid. shares of nike are down this after earnings in the wake of the equifax hack richard cordray will join us live. the gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. the pass through businesses lower to 25. rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction child tax credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. we have to wait and see. those of us in high-state can calculate what a 35 to 39 drop and ....
we will be joined shortly by larry summers. he has a piece out today in the financial times on the dangers of the united states giving of the leadership role in the global community of nations. alix: it is still a busy day. we get nonmanufacturing isn data. president trump will lay out his plan to overhaul the u.s. traffic control system. tim cook will deliver a keynote address at 1:00 p.m. eastern. there should be a lot of shakeup especially when it comes to ai. inathan: a deadly attack london over the weekend left seven dead and nearly 50 injured. the prime minister of the united kingdom s broke spoke earlier today. the successes we ve enjoyed, we must do more to respond to the changing threat to our country and our way of life. we cannot deny that the threat from islamist extremism is one of the greatest we face. now isn: joining me nejra cehic from london bridge and andna. what have we heard from the opposition party and how does this set us up in three days time? ....
i m sara eisen along with michael santoli who is generously sitting in with wilfred frost who is also with us this morning, reporting live from london. covering this weekend s terror attack. we ll have more from him in just a moment. first, let s check in on the global markets this morning. after u.s. stocks made another move yesterday. they got a 1% gain or so for the week on stp. 1.5% 0 for the nasdaq. we start in the red just barrel. dow futures down 6, nasdaq down 2.5. s&p futures down 1.5 points. i want to show you crude oil prices which are rising still higher after saudi arabia, bahrain and the united arab emirates along with yemen all cut ties with qatar. those countries are accusing qatar of meddling in their internal affairs and backing terrorism, increasing concerns about supply disruptions. we re now seeing 0.8 move higher on wti surpassing $48 a barrel. the stock index dropping sharply, 7.5%. we ll take you to dubai for an explanation and more on the market ....
terror attacks down by just 0.25%. breaking overnight, saudi arabia, the united arab emirates, egypt and bahrain severed ties with qatar. now, they re accusing the country of supporting terrorism. the gulf states said qatar support of the muslim brotherhood threatens national security because the foreign minister has said the measures are uninjured based on claims that he says have no basis in fact. takes a quick look at crude prices. wti at 47.84. we will get a live report from dubai in just a couple minutes. in london, as you know, on saturday, seven people were killed dozens were injured when three men drove a van into pedestrians on in this case, it was the london bridge then attacked people with knifes in a busy neighborhood. it s the third terror attack in the uk this year, comes days after manchester and just ahead of thursday s parliamentary election. let s get to wilfred frost in london good morning, will. reporter: good morning, joe. seven people dea ....
length lead. here it is. the 37 year wait is over. american pharoah is the wine. is the one! charlie: the victory was victor espinoza s third attempt at the crown. i am pleased to have him for the first time. victor: thank you for having me. charlie: you can t see that enough can you? victor: no. a gave me goosebumps. charlie: what happened when you had an eighth of a mile to go and he seemed to pull away? he had something more, or was it the other horses didn t have as much? victor: no, no. they just have more. i want to take control out of the race as soon as the gate open. i let it do his own thing for the high-speed that he had. i was waiting for everybody to come close down the lane. he was doing a thing so easy. things can go wrong in a matter of seconds. i don t want to make any mistakes. i waited as long as i can. when i let it go he drops to the ground. you just lay down and he straps to the ground. is the best feeling ever. i don t want to go past the wire. ....