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Meddler" indictment does and doesnt tell us. but first, deidre bosa has the cnbc market wrap. >> hi, steve. stocks today closing lower as investors digest a report kornt tax cuts ho are more gradual than saepted. dow losing 85 points. s&p shed 8 and nasdaq closed two points lower. america fe merck fell 2.8%. a lung cancer drug result and withdrew european use of flagship lung cancer drug. general motors losing 2.8% after goldman sachs downgraded the automaker to a sell rating and predicted a pul...

Result of this week, see if these big gains are justified. recent hurricanes taking a toll on earnings. just about 2.8% for the third quarter. not as strong as the first half of the year. over half of those companies blame hurricanes harvey, irma and maria. particularly the insurance free. earnings growth should be nearly 5% if the insurance industry were excluded. at least 34 marijuana farms have been destroyed by wildfires. federal regulation is keeping them from receiving aid. it violates...

Positive data that pushed the dow and s & p 500 to a fifth straight week of gains, wall street banks kicked off last beak. so far this week a very good time for american companies. profits fantastic in the first two quarters. should report lower in the third quarter only about 2.8% because of these two big hurricanes. they will de press. twitters ceo says new rulings are coming to stop on line harassment. he said the rules would combat unwanted sexual advances, non consensual nudity, hate symbol...

To report earnings growth of 2.8% for the third quarter. not as strong as the first half of the year likely because of the effects of hurricanes harvey and irma, particularly on the insurance industry. now, if you exclude the insurance industry, forecast earnings growth of nearly 5%. wall street marks a dark anniversary this week, black monday. on october 19th, 1987, the dow fell 22.6%. it is still the biggest one day percentage drop of all time. what a difference 30 years makes. the dow is now ...

Lets compare the outcome of the bottom 50% of wage earners in america, they pay 2.8%. there is almost -- a good fact -- 35% of tax filers pay zero, zip, nada, nothing. by the way, they will pay even less under president trumps plan,, which, of course, the media is not highlighting.pr president trump has momentum in growing the economy, which is why we need tax reform, we want to make it better, we want the engine to soar. second quarter gdp was just revised come upwards to 3.1%. much better than...

Are not telling you that under president obama, they will never tell you this, 13 million more americans were on food stamps. 8 million more americans were put in poverty. 95 million americans were out of the labor force. lowest labor participation rate since the 70s and lowest homeownership rate in 51 years. president obama accumulated more debt than every other president before him combined. great job, president obama. now, they also dont want you to know that here is the facts. the rich that ...

President obama, they will never tell you this, 13 million more americans were on food stamps. 8 million more americans were put in poverty. 95 million americans were out of the labor force. lowest labor participation rate since the 70s and lowest homeownership rate in 51 years. president obama accumulated more debt than every other president before him combined. great job, president obama. now, they also dont want you to know that here is the facts. the rich that they hate so much, the top 1% o...

Economy. prosperity and growth. presidentgr reagan slashed the p marginal rate from 78% to 20%. in 20 million new jobs, by thee way, that was after the 82 recession. and government revenue in washington, almost double what they had before. it is also a matter of fairness and simple economics. have you ever gotten a job from a poor person? look at the statistics. according to the most recent irs members, m the top 1% pay 39.9%f all federal income tax part of the top 10% pay 70.9% of all personal ...

Do this it will unleash the american economy prosperity and growth. president reagan slashed the top from 70-20% and by doing so, at 1980s, he created 20 million new jobs by the way, that was up to be 82 recession and government revenue most people in washington had almost double what they haddbefore. its also a matter of fairness and simple economics. ever get the job from the foreperson. look at the statistics according to the most recent irs numbers. the top 1 percent play 39.5 percent of all...

Here who want to stay and those who want to come back and resume life. what level of confidence can you give them, given how hard a life theyre facing here, not just for days but probably for weeks, right? >> there will be some places that we are going to be able to rebuild our infrastructure. yet the homes and businesses will not be able to accept that power. it just wont be practical for the situation. now were expecting upwards of 5 million outages that will occur as a result of this storm. w...