Well talk about that coming up. Speaking of taxes, coca cola ceo tells cnbc what he would do with a Corporate Tax cut well have all of those details coming up. Then theres best buy, its sitting out the rally today. Down pretty sharply. In fact, its off the lows right now. Less than 4 decline is the iphone to blame, iphone x to blame we have a debate on best buy coming up here. We begin, though, with the breaking news. Stocks hitting session highs as the house passes the tax bill. Ylan mui, our intrepid reporter on capitol hill has the latest for us right now ylan reporter bill, that final tally is 227205, that is a comfortable margin of victory for republicans. They said they were going to get this done by thanksgiving. No one really believed them. They were able to pull it off. Republican leadership held a press conference to celebrate. From the very start, we said that failure is not an option and the president and his team have worked so constructively every step of the way with us.
Impacts on housing the states where it may be time to put up the for sale sign. Power lunch starts now im Brian Sullivan a great year for investments keeps Getting Better if you just owned the s p 500 this year, you made more than 25 . If you owned bitcoin to start the year, you made a lot more. Bitcoin up 1664 , but thats nothing. Ethereum, a bitcoin competitor, up more than 7 600 this year. Light coin up 88 today. Mattel is taking a hit, two weeks before christmas the toymaker warning about its holiday quarter. Disney and 21st century fox higher an announcement on their deal could come thursday. Tesla higher as well getting its biggest preorder yet for its latest semiautonomous truck. Pepsi ordering 100 of them all those people could not be wrong on the cryptocurrencies, could there . Wait, theres not that many of them who said shopping malls in america are dead europes biggest Property Company making a big bet theyre alive and well, 16 billion for westfield. Amazon expanding its clo
Tuesday. If the phone is not already ringing by now were awaiting the final number for august auto sales, the automakers and dealerships are dealing, of course, with the fallout from Hurricane Harvey, and well bring those numbers to you as soon as we get them phil lebeau will be stepping in with that. Also some new areas in the stormridden areas Chemical Plant explosions and also smoke inhalation. Well talk to two chemical engineers about the Companies Running these plants, if they are doing enough coming up, but we start with White House National Economic Council director gary cohn joining us on squawk on the street earlier today. We discussed why he doesnt think the white house tax reform plan will ultimately mean tax cuts for the wealthy we can simplify and fet rid of a lot of deductions those deductions actually affect the high bracket players so when you actually simplify the tax returns, youre actually affecting the high taxpayers the most as you simplify the tax system, you actu
Well debate whether this type of promotion can give the fastfood giant a boost like all Day Breakfast did. Tesla set to report earnings after the bell among others. We have a Hedge Fund Manager who says that stock is the single Biggest Company stock bubble going right now. An under the radar story, how judge judy is looking to make hundreds of millions of dollars off reruns. You have to hear this one. Coming up. Judge judy. I guess people would binge watch that. Funny you should stay that. Starting with President Trump and the federal budget. Eamon javers at the white house with a recap of the meeting today. Weve got cameras into the meeting to see the top of it. We saw treasury secretary Steve Mnuchin and Jared Kushner gathered around the table. He gave us a hit in terms of what general direction he is going. Here is what the president had to say earlier today at the white house. Unfortunately, the budget that we are inheriting essentially inheriting is a mess. The finances of our cou
3. 25. S p gives up about five points, 1762. Battling back from lows. How much did that report burning up cnbc. Com right now about the fed keeping rates so low throughout the decade. How much did that play into todays action . I think it might have helped. I think the big story is the ism Services Number that came in better than expected. It was a good news, great report, better than expected but revived concerns about the fed potentially beginning its tapering program earlier than expected. You can see that with Interest Rates which, again, has been a topic of discussion for the last several days. Interest rates moving up again today on the tenyear yield. Over 2. 6 . Heading toward 2. 7 earlier on the day. Earnings front, number of interesting companies. Hertz beat but stock is down. There were concerned about the rental fleet too large. They beefed it up in anticipation that business would do a lot better. Didnt quite happen. The bottom line, a momentum stock, all year, topped out e