The tax reform bill perhaps as early as tomorrow. In the senate, senators are speaking right now. They are not on the continuing resolution as of yet. They are speak as part of their procedures, and some have been talking about whats going to be the vote tonight on the continuing resolution. Rand paul does not want to see the spending caps waived or lifted. But here is what senator marco rubio said on the floor of the senate about fixing the funding. Ill say im disappointed we are leaving here the end of the year without take on a Disaster Relief bill. I believe well do that next year along with a permanent extension of the Childrens Health program. Well have an opportunity to deal with immigration security, the opportunity to deal with young people brought to this country through no fault of their own. Reporter but the house sent the senate an additional 81 million Disaster Relief spending measure. It could be a very long night here. But there are senators who want to get out of here
Thec implementation. Reporter they absolutely nailed it with this second time frame of legislation on taxes to the president s desk by christmas. There had been a couple different scenarios though over the last week as to when the president would actually sign the bill, and one of those options was that he might wait until january, until the Congress Gets back here, and that they would have some sort of celebration to start the year off with a bang. As we saw within the last hour inside the oval office. He explained it by saying he wanted to keep that promise of tax legs signed by christmas. Tax legislation signed by christmas. I am keeping my promise, i am signing it before christmas. I said that the bill would be on my desk before christmas, and you are holding me literally to that. So we did a rush job today. Its not fancy. Reporter now, over the last couple of days or so the president has touted the handful or so of major corporations that have said they will now, because of this
What he says he will tackle next. Why it could be odds with one republican leader in congress. While the president touting new law as largest tax overhaul in decades. Polls showing americans are not quite on board. The Koch Brothers network now spending millions of dollars on ads selling the benefits of the plan. Were speaking up the man heading up this project. Freedom partners, executive Vice President , james davis, among our guests, steve forbes, zane tankel, John Hofmeister, former president of shell oil. We have a full show. Lauren we do. Get back to the down markets. Another down day for stocks despite passage of tax reform and avoiding a government shutdown. Nicole petallides on floor of new york stock exchange. End of the week, nicole, we didnt see a santa clause rally. People are very cheerly. There is a lot of optimism. It got quieter towards end of the week. We had a great day on monday. Were up for the week. In fact five weeks in a row of gains, almost 1400 points. So, up
But cannot markets after the holiday weekend, feature showing it lower to flat opening for the market. Premarket s p flood down more than eight. European markets remain closer to asia overnight. Gains in the shanghai, the hang seng was closed. But then again, the crib to a currency bounces back whether it can retain its shine. Well talk about it. Controversy over it congresswoman seed in the air. United apologizing after booting a firstclass passenger for Texas Democrat Sheila Jackson lee. Airline response to the growing outrage over that move. The retail rebound weve seen christmas shoppers give pretty married this Holiday Season. All the numbers became pretty darn good. Their rush to a trillion, while baron says apple could hit the number in 2018. Jumanji sings into the Christmas Box office. We will see whether its enough to force the last jedi off the top spot. All of that coming up through the former Lieutenant Governor of new york. Betsy mccaughey is here, former fbi joint Terror
Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a faster rise in Interest Rate than we expect giving more competition. The cd rates, why am i taking this risk in