Pointing to a higher open following a double dose of news out of washington. The fed raising rates and upgrading the outlook for the u. S. Economy and congress reaching a major agreement on tax reform lets start with taxes tracie potts is live in washington with the details. The president says it will be a christmas gift, democrats say its a bad deal for the middle class. Five things you need to know and two things to watch about this tax plan first, what you need to know taxes would drop for the wealthiest americans to 37 . The Corporate Tax rate would drop to 21 , more than republicans wanted, but much lower than it is now at 35 some of the popular deductions would stay with limits Home Mortgage interest up to 750. State and local taxes up to 10,000 the key point here, the Affordable Care act mandate to buy Health Insurance that would go away with this plan the two things you need to watch, first, democrats are pushing to delay this vote which is already on a fast track until the 49t
If you would like to view other after words programs online, go to our web site, booktv. Org, type afterwards into the search bar and all previous after words episodes will be available. Welcome to springfield, missouri, we visited the city to explore its rich history and literary culture, located 80 miles east of the kansas border, springfield wag the site of many major conflicts during the civil war. Today it is the their largest city in the state, with a population of 167,000. With the help of our partners at media come, for the next hour and ten minutes well explore the local literary culture, starting with jeremy, the border between them, and as he shares the story of bleeding kansas, a conflict occurring along the kansas missouri border in the struggle over slavery. And the question of whether kansas territory would be open for slavery or free soil. Violence of 1850s is really about that question and becomes wrapped in so much more. You have sites over water and access to grazing
The opening 20 minutes or so from now we are positioned for a higher stock market at that 9 30 mark europe has been open for some time and over there it is also been largely a positive day so far. You can see germanys dax of course and france the best performer. The 10year note yield so much of a focus yesterday as it same close to the 2. 9 not sure we ever got there were above it now thousand. Yesterday we flowed 2. 89, 2. 915 and stocks dont see particularly concerned wti is down though, higher than it was this time yesterday this morning stocks are looking to extend their daily winning streak, five all three indexes gained more than 1 yesterday shrugging off the stronger than expected cpi after what was a sharp decline early in the session and inflation data out this morning shows Producer Prices rose. 4 in january. That was matching forecast now the core rate minus food and understand also up 4 . That was twice what many economists had been expecting. What a difference a day makes.
It was shocking. Reporter police say the gun was brought in by a 15yearold student a freshman. It was in fact a. 40 caliber smith and wesson with load. Reporter . He did admit to stealing it from the car. We are certainly bite fact that it was in his possession and his statement he stole the gun from the neighbors car. Reporter its policy Students Walk in through scanners every day. This leads detectives to think the student must have known the gun was in the bag. Given they and scan every day and they scanned it repositioned the bag and saw it again presumably they would have done that yesterday, today the you before, the day before. I can only know for certain they took the gun in the bag today. Reporter now, this teen is going to face some serious charges. They include possession of a weapon on school property. He will also face charges for stealing this gun. Now, at this point its too early to tell how hell be tried. If hes to be tried as an adult thats a decision that will be made
With our rulses to suspend trading because we wanted to make sure that nyse stocks wouldnt be negatively impacted. Trading on platforms other than the floor was uneffected and despite the halt nyse consolidated volume which captures trading across all platforms was heavier than normal due to the Global Market sell off. Speaking of stocks lets check on how todays session is shaping up. U. S. Equity futures looking for a bounce back after the big sell off yesterday. Dow futures implied with an open plus 150 points. Heres big stories were watching today at this hour. Well start with china. Beijing taking drastic steps to prop up its market there. Along todays move banning shareholders with large stakes in listed firms from selling. It closed up nearly 6 . Elsewhere, south korea rates overnight but did have the countrys Economic Growth forecast. And then of course have to keep updating you on the situation in greece. Meantime germanys Central Bank Warns that greek solvency should not be in