Material styling isn't working

Bug, feature request, or proposal:

Bug

What is the expected behavior?

To have style

What is the current behavior?

No styling

What are the steps to reproduce?

Create a project using Angular CLI, install @angular/material and @angular/cdk, load toolbar and set color="primary" (or any other component). I’ve setup a simple repository using Angular CLI which you can find here which reproduces the problem. Just run npm install && ng serve. The material style is imported and is loaded but the components aren’t using it for some reason. I have also tried to directly import the style as <link> in the index.html file, but that didn’t work as well.

Which versions of Angular, Material, OS, TypeScript, browsers are affected?

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  / △ \ | '_ \ / _` | | | | |/ _` | '__|   | |   | |    | |
 / ___ \| | | | (_| | |_| | | (_| | |      | |___| |___ | |
/_/   \_\_| |_|\__, |\__,_|_|\__,_|_|       \____|_____|___|
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@angular/cli: 1.2.6
node: 7.10.1
os: linux x64
@angular/animations: 4.3.3
@angular/cdk: 2.0.0-beta.8
@angular/common: 4.3.3
@angular/compiler: 4.3.3
@angular/core: 4.3.3
@angular/forms: 4.3.3
@angular/http: 4.3.3
@angular/material: 2.0.0-beta.8
@angular/platform-browser: 4.3.3
@angular/platform-browser-dynamic: 4.3.3
@angular/router: 4.3.3
@angular/cli: 1.2.6
@angular/compiler-cli: 4.3.3
@angular/language-service: 4.3.3