Report. President trump is about to sign an executive order designed to encourage companies to hire and buy american. The order will also crack down on work visa abuse. Why are companies allowed to bring low scale tech workers to our country . And treasury secretary Steve Mnuchin walking back his deadline for tax reform. If not august then when . Plus notice how the liberal media is with President Trump and possible ties to russia . Where were the critics when Hillary Clinton had the cozy ties with the kremlin . Hire american buy american, tell us what its all about, jeff . Reporter h1b visas, going to crosscountry down on them. The program admits 85,000 immigrants to the u. S. Each year to work. He says thats being abused and taking jobs away from American Workers. Heres what the executive orders are going to say. One, make that a meritbased system. Right now 80 of those people that come into the country get paid less than the median wage in that field, so clearly theyre bringing in c
Obscure for a handover. Dagen and hangover and cureallss. And looking for direction today. We are seeing a market that is pulling back, Dow Jones Industrials down for the third day in a row. And right now down 23 points and a mixed bag as far as how components are doing. The big picture is the trend is to the downside, we are 5. 7 behind the alltime closing high in september by the Dow Jones Industrials. Theyre doing so great year to date. Theres some profittaking going on because of concerns in washington. Hang over fears on wall street, a lot around here, basically on top of that. Lets bring it in on friday mornings. Connell thank you, Nicole Petallides. Janet yellen to run the Federal Reserve, the nomination of current vice chair janet yellen to replace her boss, ben bernanke. That should happen later today. Connell with all the dysfunction of washington is there a possibility, the senate fails to confirm reddick . Peter barnes at the white house with latest. The senate is going to
With this idea later in the hour. That is all coming up on markets now. Dagen doggie vacation. They just raised about 15 million in additional financing. That is a big chunk of change. Connell is that Better Business than buying stock in an athlete . Dagen guess, probably. Nicole is the New York Stock Exchange with the very latest. Nicole good morning. We are seeing the markets without the aeros. Less than 200 points away from the all time highs that we have been seeing. Yesterday we stopped the winning streak. It was our first down day in six. Look at that, we are back in the green again. We do have retailers and drugs looking good today. We got good Economic News from china. We continue to get earnings. We are watching forward closely. They talked about Global Growth going forward. Ford is up 1. 4 . Doing well with the ford focus. Back to you. Dagen thank you, nicole. Connell the big story in d. C. Today involves these contractors. They are facing some tough questions on capitol hill
A look at shanghai. That is a celebration, lots of lights, major crowds, enjoy. Shanghai, china, new york city, almost in the heart of times square in new york city and preparations getting underway. The barricades are already up and a Million People will cram the heart of new york city. There is a look, ringing in the new year and a happy new year to all of you. Stocks on track to set another record on the final day of 2013. Lauren it looks like stocks want to go out with a bang. Could be the 52nd record close for the dow industrials this year. Going through a new intraday high. Yesterday they didnt do that, but they might today. Closing at another record high. Hitting any record high today. The nasdaq is up. Looking at all 10 sectors positive this year. The discretionary sector up 40 , health care up nearly 40 , the less time they had been in the green was back in 2010 so really a broadbased year of gains. Twitter stocks seeing green after two days of serious selling down 18 over the
And then dagen not so much. Dagen i adore you, your wife. Connell vis. Of the holidays. Dagen stocks getting a big hug from investors. The dow on its way to another alltime high maybe. Nicole petallides at stock exchange. What is going on . Were looking at new highs, 16,254, we are up 60 points 3 4 and the s p looking good. We have had a great run and we continue to watch what is going on on wall street. A lot of earnings, made it through fed capering, there is a look at the dow, a winning week. We have this streak of wins and we to weeks of selling and this has been a stellar 1 on wall street, 300 point gain on wednesday and yesterday tacked on to the gains, didnt give us back. It is rebalancing so we will see rebalancing from indices and it will be very busy. Redhot highs, earnings growth, strong demand. Europe 19 . Back to you. Dagen kim draper out with this idea. Break up the golden state in to six pieces, six new states drawn up within the current boundaries of california. Pushing