Creeping back into this market lately, as attention remains squarely on the potential for tax reform, on lower oil prices, and on the health of the economy. When all was said and done, the dow jones industri dropd another 138 points, closed at 23,271, its lowest level in three weeks, by the way. The nasdaq was off by 31. And the s p 500 fell 14, but it does still remain just 1 from its most recent high. And tax reform is indeed a big deal for the markets and investors. This afternoon senator johnson became the first republican to say that he will vote against the Senate Tax Plan because he thinks it unfairly benefits corporations more than other types of businesses. The senate can lose only two votes and still pass the proposal. But as ylan mui reports, there are a lot of changes being made, including one that could make your tax cut tempo. Reporter the senate adding two bombshells to its tax plan. Getting rid of the individual mandate for health care, and making the tax cuts for house
Reporter im at the corner of 29th and ream here. I see the police chief has arrived on scene. A young mother was shot dead allegedly by her restraints boyfriend who is still at large at this hour. Police are looking out for his mercedes and need your help. Reporter take a look at their Surveillance Video. It shows two cars at about a 45 tuesday morning. The car near the top of the screen is the suspects mercedes and the other is a jeep cherokee. Inside is a 29yearold mother and her two sons. She was on her way to drop off her kids at a daycare but an argument a rocks. The suspect, lawyer mcbride gets out of his mercedes. Within moments the suspect shoots a woman in the head as her sons watch and warmer from the back seat. Our officers arrived and found the car that was stopped near the intersection. When they looked inside the vehicle it appeared that there was a woman deceased from a single gunshot one. I opened my door to see what happened and i saw a lady in the car and she was chok
168 points to the down side. At the lows we were down about 185, 186 points. So were off the worst levels of the session so far. But an interesting carry through from yesterdays trade when it was all about the fed minutes and the idea. The possibility of a june rate hike from the Federal Reserve and that really drove markets kind of a little bit more towards the volatile side. Today, most is to the down side in terms of moves. You can see theyre off by 1 for the s p 500. Utilities and staples have taken up the lead if can you call it. That up about a quarter to a third of a percent. Theyre showing signs of life here in this particular down day. The financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterdays trade. On the idea that Interest Rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. The net interest margins, youll hear traders talking about financ
For wilfred frost. Another busy morning in the Global Markets. We have it all covered for you. We start with breaking news from the European Central bank. Mario draghi has been speaking at the German Central Bank in frankfurt. Among the headlines here, draghi say, quote, theres no reason for Central Banks to resign their mandates simply because everyone is being affected by global inflation. Central bank speak for the risk of acting too late on ultra low inflation is greater than that of acting too early. Draghi suggesting a waitandsee stance could lead to a lasting loss of confidence. Seems like hes making a political argument here for moving further, something hes already hinted at doing in the march meeting in terms of easing to fight slow or no inflation. Hes mr. Whatever it takes. This guy will say whatever he needs to. Hes a big talker for sure. Staying on the europe theme, check out shares of Credit Suisse. The stock is dropping to a more than twodecade low. Theyre down 13 . The
See what it gets away with and decide what it can do with their own airline. Absolutely, more of this is to come but spirit is the more extreme unblond letter, under bundling fares to a degree most airlines dont. Gerri we talk about baggage fees but will other fees down as well . If you look at spirit, seat assignment fees. Some airlines charge you if you want a particularly special seat, exit row seat, for example. But spirit charges you if you want to tick any particular seat at all. Other airlines are starting to do that. Delta for example, not annulet stray lowcost carrier like spirit, some seat gerri if you want a seat you have to pay extra . That is astonishing. If you want a particular seat. Gerri right. One thing to keep in mind. Dont be fooled. If you it looks like you absolutely have to pay for seat assignment, you never do, that would be illegal. Keep in mind as consumer, if it looks like that you dont. If you have confirmed seat even if not assigned seat, the airline has to