The day. For tomorrow, nice and quiet, up to 70 degrees in San Francisco, a chance of showers on wednesday and fall begins friday. Then a look at what happens after that. It warms up. The inland area will feel like summer this weekend. We have several more days of shower chances and cooler temperatures. Ill talk more about that coming up. Mike has an update on the jam through dublin. Its getting longer. Well look at the map, the earlier crash cleared to the bay shore freeway, slowing past 680, toward 880. We are jammed off the dublin interchange over to eden canyon road. The tow truck just arrived. Hopefully load it on the flat bed. We saw it change from red to orange. We have better sensor reads. Well track that closely otherwise problems out of the trivalley. Over here, this is a slower drive, second crash of the morning. Jammed up off sbds 242 off west highway 4. This is a problem but keeps the walnut interchange moving smoothly. The east shore freeway, 26 minutes from highway 4 to
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.
Also, a Senate Intelligence hearing in an hour. And the retail wreckage continues. Sears is closing even more stores and macys lowered guidance yesterday. Talking about margins. But there might be a bright spot and the name is walmart. Tesla stock hit an all time yesterday and where they might be headed with the model 3. First up, the president has chosen the nominee to be next fbi director as comey gets ready to testify on capitol hill tomorrow. Our eamon javers is in washington. What a day for news. Good morning, eamon. Good morning. So Christopher Wray will be the president s nominee for fbi director one day before the former fbi director james comey is scheduled to testify on capitol hill about his interactions with the president. The president has selected somebody new. Heres the tweet from the president just a few moments ago. He said i will be nominating christopher a. Wray, a man of impeccable credentials to be the new fbi director. Details to follow. What are some of those cre
Lutnick and doug cifu to tell us how the increase in passive investing is impacting their businesses. And macys is reportedly considering putting a part on the Flagship Store in new york city. Were so desperate for grass, i think people will go anywhere in this city, central park gets a little crowded and 34th, they could use some grass in that area. Go up to macys now, you can find it. But is that the thing thats going to get people into the store if theyre going up there . Anyway, the reason we showed you a picture of daymond john, hes with us today, of course, from shark tank and a very, very successful entrepreneur on his own, especially when it comes to branding. And were going to talk about branding in retail among other areas, coming up with daymond in a little bit. But first, we begin with this decline in oil today. Here go the inventory numbers, wreak havoc in the oil markets again. Jackie deangelis is at cnbcs commodities desk with that. Jackie d. . Hey, bill. Crude oil break
Would have. I was so stunned by the conversation that i just took it in. Lordy, i hope there are tapes. I remember saying, i agree hes a good guy as saying im not agreeing with what you just asked me to do. That, of course, former fbi director james comey in the d dramatic testimony on capitol hill this morning. Welcome in this morning. Im in for kel ly evans. The dow hit a record intraoday but now we are down 22 points on the trading session. Well look at whats behind the reversal. Looking ahead as well to the u. K. Elections, polls there close in just under two hours, and the house back here is set to vote on its plan to roll back parts of the doddfrank financial reform law. That vote is expected sometime this afternoon, probably within the next couple hours. Well go live to capitol hill as soon as it begins, so, yes, still a very busy day here. Absolutely. Plus, a high profile departure over a jpmorgan. The man often seen as the heir parent to Ceo Jamie Dimon is leaving. We have the