House prepares for crucial tax bill vote

Markets are looking to rebound big today, with Cisco and Walmart driving the early rally. Meanwhile, investors eye DC as the House gets ready to vote on its tax bill. Yahoo Finance’s Alexis Christoforous, Myles UdlandJared Blikre, and Justine Underhill discuss the big stories of the day.

Today’s topics:

  • House set to vote on tax bill
  • GOP Sen. Ron Johnson opposes tax plan
  • Pres. Trump to visit GOP House members
  • Stocks open higher—first time in 7 sessions
  • Walmart shares surge to record highs
  • Cisco shares soar to 16-year high
  • Almost 1.5M people have signed up for Obamacare during open enrollment
  • Hasbro, Mattel lower after Mattel rejects takeover offer: Reuters
  • L Brands sinks after VS says cutting swimwear slashed sales
  • RH soars after raising Q3 and fiscal 2017 guidance
  • Viacom misses on EPS after losing US ad revenue
  • More women accuse Roy Moore of sexual misconduct
  • NFL accuses Dallas Cowboys owner of hurting league
  • Leonardo da Vinci painting goes for $450.3M

How serious is the Jerry Jones controversy for the NFL?
-Major hit to the league
-Bad considering timing
-Not as bad as the Giants
-No big deal