Hey, everybody. We have a trifecta, heat, we will have poor air quality and a high fire danger. It all starts with the winds that are calm or blowing off shore from the land, and that is a warmer wind, and thats a wind that does not allow us to exhaust our pollution. Thats one of the reasons why were going to have poor air quality and were going to get worse and spread over the weekend. 12hour day planner, in the mid 50s to upper 50s, very comfortable this morning, but look at that. Nearly 20 to 50 degrees warmer by 4 00. Alexis. That is going to be a major temperature change for a lot of folks today. Right now, were doing okay for the bay bridge commute. Were encouraging you to carpool or take mass trance as it is a spare the air day. Things have definitely filled in. The metering lights on since about 5 25 this morning. So far, drive times not looking too bad. Highway 4 to the maze, 20 minutes for you. 14 the rest of the way across the bay bridge into San Francisco. And southbound 10
Just coming back and gathering what i can. So much to rebuild. The day of giving starts right now. Good morning, america. Welcome to our day of giving. Harvey is finally moving out of texas. The damage left behind just devastating. These helicopter shots show the conditions around port arthur and beaumont, texas, right now. As you can imagine, the road to recovery is going be a long one. And heres what we know this morning, at least 31 deaths, the red cross says it is caring for 32,000 displaced people, 49,000 homes reported to be damaged but we know that number is believed to be much, much higher. This could end up being the costliest storm in u. S. History, more than 100 billion. And we are devoting this morning to the fundraising effort, all part of disneys day of giving. You can support the red cross by phone, text or online. Text harvey to 90999. Go to redcross. Org abc or call 1855999give. As you can imagine, we have Team Coverage across texas and louisiana. Well begin with break
Power launch starts now. Yeah, despite the dow being down a couple of points, another record day they have added value in your money. Inside the markets theres some big movers out there twitter on face for its best day since june still down 50 plus percent since going public what a comeback. Up 13 this year shares of ethan allen down about 4 saying business was hurt by all the hurricanes retail remains wrinkled. Losing half its value after warning on profits and getting two downgrades and breaking news equifax shares taking another dip. Taking down of one of its web pages on reports of another hack well have more on this developing story straight ahead. All right thank you very much. We begin this hour in d. C. President trump couldnt get any help from congress on health care now he is using his executive powers the power of the pen to make big changes to obamacare reporter thats right. The president frustrated up on capitol hill so hes taking some limited, unilateral action on health
Committee meets to receive the testimony of the secretary of defense and the chairman of the joint chief of staffs on the administrations fiscal year 2018 budget request. We welcome secretary mattis for the first time before our committee and we welcome chairman dunford back. The question today, as it is each year for this hearing, is how well the administrations proposal meets the security needs of the nation. Factoring in both the external threats and the current state of our military. This committee has repeatedly heard testimony over the past two years that our country faces more serious complex security challenges now than we have faced before. The hearings and briefings we have held on the current state of our military have been disturbing. The administrations budget request of 603 billion for base requirements is 6 above the 17 enacted level and 3 above the last Obama Administration Budget Proposal. Its 37 billion below what this committee assessed last fall was needed and 58 bi
Slightly in the european markets for this thursday morning. The tenyear note yield crossed that 2. 5 level and now 2. 572 is where we find ourselves with wti firmly above 50 a barrel as well. Lets get to our road map this morning. And it starts with the markets. Of course we are still on 20,000 watch for the dow. Lots of data as well to digest this morning. And in president elect Donald Trumps meeting with defense ceos, what did boeing and lockheed say . And what are they saying now . And two more names familiar to the cnbc audience named to trumps team, carl icahn and Peter Navarro both set to join as advisors to the president elect. The economy grew faster in the Third Quarter than the government originally thought. The final reading up 3. 5 , that is the fastest pace in two years, better than the previous estimate of 3. 2 growth. The data comes as the dow continues of course to take aim at 20,000, jim, weve been ever so close. Ive been monitoring it from my few days off, but we didn