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And amazon tops 1000. Stocks up 50 and on course for a 1 trillion sale tag. 1 trillion in sales. Yvonne a trillion dollar company, yvonne. Speaking of trillions, we saw on interesting reaction in the bond markets. Again, another day where yields the house and Senate Finally passed a tax reform package. Theaps all of this by on rumor in salem the news is affecting not only equities, but also the bond markets as well. Yvonne yes. Callsall of the extreme for yield curves to flatten, it seems like we are pushing back on that now. We are seeing a steepening here as we close 2017, betty. Reaction in...

101, 101 is closed around Santa Barbara due to mud flows into breeze. Keep in mind if you were taking one 01 south, there are some issues down there. We had some impressive rain totals. Kevin leedy showing 5. 02 inches in sausalito. That is impressive. Others including kentfield, 5. 28. Mill valley, four point, 4. 33. Oakland, 2. 70. Napa, just over 2. San jose, 1. 70. Our system is moving east and south. As it does, is taking that moisture. There is still some holding on mainly to the east and south. It just about out of my forecast area except from the Altamont Pass, livermore and dublin. 58...

Good wednesday morning welcome to squawk alley. Im Carl Quintanilla joining us this morning former ceo with us, a mentor at index ventures good to have you with us were down 85 points some of the selling is intensifying although the losses are not huge, the dow and s p are having their biggest oneday drop in about seven weeks. Worst performing sector is telecom. Thats a small sector, big move on at t, causing after earnings miss last night. A few other earnings movers to speak of, were seeing weakness there. Utilities, financials, industrials, broadbased selloff here when it comes to s p. Tech...

Republicans unveiling the plan today with hopes of reforming the tax system its been in place for 31 years. President trump touting the tax plan and applauding the efforts of how gop. Roll tape. President trump a lot of good things are happening but this is the final element. Tax cuts and tax reform and its an honor to work with my fellow republicans. I think were going to actually have some democrat support. I think its going to be very very hard for them not to support it because this is a middle income tax reduction and its a very big one. It will be the biggest tax reduction in the history...

Is on to keep fire debris out of the water in wine country. Ktvus tom vacar joins us from petaluma where a company is making a key element to keep those toxins out. Tom. In order to prevent wholesale contamination of the watershed you need do something very important, which is what this factory is doing. You need to manufacture tens of thousands if not hundreds of thousands of dams, called wattles, in order to prevent the watershed from being grossly polluted. Pretty much everywhere you look in the burn areas, you will see barriers placed around storm drains. They keep toxins from washing into...