Bank stocks are getting hit hard due to Italy's proposed windfall tax and Moody's downgrade of several regional lenders. The New York Times' Kate Kelly explains. Plus, oil prices are rising following weaker-than-expected Chinese inflation data. RBC's Helima Croft discusses. And, Disney reports earnings after the close today, with ESPN's new partnership with Penn Entertainment now front and center. CNBC.com's Alex Sherman previews the results.
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