Capitol hill where Congress Just eight hours to pass a budget deal to keep the government funded. We are just hearing there may be some big complications. A live report from washington. But first, get a handle what happened, down on stocks. Nicole petallides standings by on the floor of the New York Stock Exchange. And nicole, we really saw the selling accelerate here into the close. Tell us about it. Absolutely. What weve seen last five days, more than 500 point swings. We come in today with second biggestpoint move ever in history. Down over 1,000 points. Today alone, down 4 , 4. 15 on thedown, Dow Jones Industrial average with more than half the names on Dow Jones Industrial average hit being correction mode, off more than 10 for their highs. Dow jones industrial average closed on january 26th at the awe time high of 26,616. A correction mode as well. Bond yields are on the rise. Treasurys moving to fouryear peaks. That pressured stocks. Budget in place moving forward. That is spend
Slightly lower. Now we have seen something of a turnaround. Here are some large stocks like apple that have been rising. We continue to watch the developing story of whether at t will be successful in its 85 billion acquisition of time warner. The company is ramping up preparations to fight the Justice Department in court if the agency sues to block the deal. This is according to people familiar with the matter. At t said to be unwilling to part with some of the Networks Like the nn, hbo, and wb studio. The chief Financial Officer john stevens said the timing of the deal, which was originally expected to close at the end of the year, is now uncertain. That is what triggered the selloff and time warner. Down nearly 5 . At t little changed. As a result of the elections across the country, we are watching the drug makers today. Voters in ohio defeated a Ballot Initiative to cap drug prices paid by the state at the same discounted level paid by the u. S. Department of veterans affairs. Thi
Secretary to Vice President mike pence, mark lauder, nice to see you. Thank you for having me on. Lauren lauren you just attended the meeting with the Vice President. What can you tell us about the gops plans to reform the Health Care Bill right now that the house put forth . What is the senate looking at . Well, the one thing that you know right now is that republicans are united behind donald trump and the president s vision to make sure that we can Lower Health Care costs and improve access to americans across the board. Weve seen another example just today about how obamacare is collapsing under its own weight with anthem pulling out of ohio which is going to leave up to 20 counties, you know, struggling to find health care coverage. So the president and republicans are united across the board that weve got to do something. This is not just repair and replace, this is now a rescue mission on behalf of the american people. Lauren it is, and we have had seven years to consider some o
With south korean counterpart. Were told there will be outside pressure on china as well, includingc a certain chinese bk that does business with north korea. For more on this session that included no questions from the press, lets go to blake burman in the rose garden at the white house. Hey there, blake. Reporter neil, we knew boeing this there would be no questions. This is second time in a roy with indian Prime Minister this has been the case. Just statements, no questions from the press. Two big topics here as you just heard from President Trump and south korean president moon. First the issue of north korea, newly elected leaders, both took strong stances saying that issue needs to be dealt with. Pressure needs to be applied, both saying they will confront the issue in some form or another. The president talking about exerting pressure as it relates to economic means and diplomatic means and the era of strategic patience is over. The other issue deals with trade. The United Stat
Going from here. Michael bloch and of course the Nicole Petallides done at the new york stock exchange. Why dont you start us off. We talk all the time about resistance in markets that the reference to the s p 500. It does seem to be some resistance anonymous 20 k. Number. Its true. Well it easy to get to remember, you dont have that. You have to breakthrough. You need a catalyst to push you through that number. But the lack of Trading Volume about 60 under a trading average and the headlines are not really giving the boost spirit 16 year high of 21point. One is optimism on trumps policies with some better earnings. The idea is the consent is a 20,000 is coming in the near term. Connell exactly. Hovering around for quite some time. We spend so much time having conversation about what happens afterwards. Thats kind of what we do this time of year. What is item one would he think the most about. The backbone driving the market lady it is kind of a positive they think we are moving from l