This is the first sign outside of savannah. You can see the palm trees swaying in the dark clouds. It is also being pounded by rain this morning. We break to bring in new video coming to the newsroom. Will be updating doering for you. We will have lab reports throughout the mornings on 2. Struck the hurricane effects have been felt up and down the coast. Within 2 Million People have been ordered to evacuate all around coast of florida to enter North Carolina. Many of them listed in reactive, but many think the orders came a little too early in some people in lowlying areas will not get out before they are trapped by high water and strong winds. Even the president have people who think they may not be in danger. People may get lucky with respect to hurricane dori but please do not let down your guard. Headsup, the coast lots of bad things can happen. A fouryearold station miami with the federal merchants management agency. They will be working with an Ohio Task Force to help with search
Local news station. We are following breaking news tonight from the campus of San Jose State University thanks for joining us. It and im ken wayne and im grant lotus in tonight for pam moore, an armed man was spotted on campus. He is now in custody. This after Police Issued a shelterinplace around 6 oclock tonight as they were trying to track the guy down kron fours taylor bus aqi live on campus in san jose tonight with the latest taylor. Well in light of happening across the Country Police were not taking any chances tonight and its clear based on their heavy Police Response between the University Police and the city police san jose at one point a witness tells me that he counted. 20 officers storm path then run into the building with guns that building that that suspect was found in which the spartan building and they got to within about 3 hours and luckily. Tonight we can report that nobody was hurt. Terrifying moments on San Jose State Universitys campus thursday night as students
Nasdaq up 0. 11 . Theres something important we need to know right here and right now. We have to think about, do activist investors help create wealth or do they destroy it are they a force for good for you or force for bad these are the questions we need to grapple with given that just this morning Procter Gamble narrowly defeated an attempt by nelson peltz to get a board seat putting an end to a bitter proxy fight that weve all been involved with and talked about here now, look. This is very much case by case thing. There are some scorch earth activists who specialize in creating ill will. Nothing else i think those days are largely behind us. At least when it comes to smart activists who know what theyre doing. Let me lay out some individual examples to show you what i mean about this Important Group of investors and what they mean for your pocketbook. Lets start with Procter Gamble, the gigantic Consumer Products company make no mistake, this is a Great American enterprise. Procte
I feel good about it. Steph and i talked before the show ive tried to be cute at times, did in the beginning of september, if you remember i thought the market had a lot to overcome from a trading standpoint you have put a small position on, but listen, this is a market that punish eds you. You need to get out quickly to see where we are today i love whats going on with technology the software play is the play that i have. Its the the three big names. Its microsoft, its s. A. P. , its red hot, and im not looking to get out of any of them. Steph, you know, we mentioned mike wilson who is the the gentleman we were alluding to at the very top of the show i of Morgan Stanley. Sat right here hat the desk recently saying theres greater risk of a correction than hes seen in a while. Points to the Balance Sheet reduction from the fed uncertainty around the next fed share. Negotiations on text legislation. Counter trend dollar rallies is he wrong . Those are all real risks, no. For sure, and i
What it means for you and the markets. A big day for earnings. Some major movers ahead of the open will set the tone for this trading day. Well dig in on a lot of the big reports. And one name with a big earnings move is twitter. Shares up nearly 10 right now. Take a look at the eye popping numbers. First up though the president set to unveil his proposed tax law changes today. Among the highlights a cut in Corporate Taxes, a cut in the rates of foreign profits brought back to the United States. The lawmakers were briefed yesterday by treasury secretary mnuchin and director cohn. Mnuchin spoke a moment ago about Corporate Tax rates. I will confirm that the business tax is going to be 15 . That is what the president said in the campaign. He said thats critical to drive growth and, you know, what i would say people talk about pass throughs. What we think is important is small business. And we are committed that small business, owner operators, will have the benefit of the business rate.