pointing upward the wall street journal is calling the last four months a melt up and that s what it looks like. dow up by 83 points. s&p 500 looking to open 12 points higher. treasury yields as well. we re at .572. there s a mix of what they re thinking and what the equity markets think, right melissa okay we have a we will work on the audio and hopefully get that a busy week ahead. a two-day fed meeting with a policy announcement. no major change is expected. that will tell you that but investors will watch for clues about what the central bank might do next and then on the corporate front earnings season kicks into overdrive 167 of the s&p 500 companies will report. we ll hear from 12 dow components and among the names likely to get a lot of attention, apple, amazon, boeing, mcdonald s, 3-m, exxon and many others. this is if you like earnings, if you re excited by earnings this is going to be a big week. so far this season we heard from 128 of the s&p 500 companies s
seen of me on twitter. yes, that s me. and, yes, that s an unarmed protester in a cage. but in my defense, he was resisting. and delicious. remember, only you are responsible for what i do with dr. stick here. i m just following orders! now, if you ll excuse me, curfew s coming up, and i need to go season a few protesters. announcer: it s a late show with stephen colbert. tonight: more quiet than riot. plus, stephen welcomes: congresswoman karen bass. andrew ross sorkin. and musical guests grace potter with jackson browne, marcus king, and lucius. featuring jon batiste and stay homin . and now, live on tape from a safe distance, it s stephen colbert! stephen: you ready over there? yeah. stephen: what, are you ordering dinner? i was just checking my emails, babe. stephen: you re checking your emails? we re doing a show. welcome to a late show. i m your host, stephen colbert. it s friday. america made it to the end of the week. so, t-g-i-f, by which, of course
s&p up by a point. nasdaq down by about 4 points. overnight in asia, the nikkei up 0.2% the hang seng up by a quarter percent. the shanghai up by a half percent. this is all ahead of those talks expected to resume next week between china and the united states when it comes to trade. this morning on the continent, in europe we will see equities for the major averages, the dax is flat. the cac is up by 0.6%. the ftse is up by a quarter percent. in the treasury market, you can see at this point the ten-year is yielding 2.031% we ll be getting a lot of earnings, big earnings movers in just a minute. first a developing story, the embattled governor of puerto rico will be stepping down on august 2nd the announcement coming late yesterday. he had been under pressure from protester force ne he had been under pressure from protester force ne for proteste nearly two weeks after chat messages were released crowds of demonstrators erupted into cheers after that announcement we re looki
patriarch to rest. breaking overnight desperate search. five marines missing after two u.s. military planes collide midair off the coast of japan. two crew members rescued. a race against time to find the others. we re live with the very latest. winter wallop. storm watches for the south with a powerful system ready to march coast to coast. more than a foot of snow, sleet and freezing rain, set to cause power outage it s and a travel nightmare, as much of the nation battles brutally cold temperatures. al s forecast just ahead. those stories plus in the hot seat. gm s ceo facing tough questions on capitol hill. but will she reconsider plans to lay off thousands of workers? bankruptcy. usa gymnastics makes a bid for survival as it struggles to recover from its sex abuse scandal. what the move could mean for hundreds of victims. and rise and shine. the nominations for the golden globe awards revealed this morning. kicking off hollywood s award season. today, thursday,
the day before climbing back, still the worst for the dow and s&p in two weeks let s 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 won t 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 tot