Rate. This news is helping the market today. Half an hour from now, well get another positive start. The dow going up about 100 points, despite last minute holdouts, investors do believe that the tax deal will go through on schedule. No Financial Report these days. It is complete without the bitcoin quote. Here it is. 17,782 per coin. Bitcoin futures trading starts on another exchange sunday afternoon. Politics, there is more evidence of a deep state plot to interfere with the president ial election. Fox news has found another example of the fbi changing its judgment on Hillary Clinton, to reduce her legal risk. The cap ball of trumphaters got her off the hook. Talk about a full show . Lets get on with it. Varney company is about to begin. Oh, it was inevitable, wasnt it. Classic music choice by our producers. Welldone, folks. 10 days to christmas. Yes, you are big spenders. Youre spending a lot of money. One analyst firm says, that since november the 1st, online revenue has risen 24 c
Hill ceremony honoring former senator bob dole. He is about to receive the congressional gold medal, the top honor congress can bestow. He was the only president ial candidate to endorse President Trump. And the president will be there when the president speaks live. We came within five points of seeing a 300point gain for the dow. Up 287. The climb today has been since the opening bell, steady but steep as the dow is about to make another mt. Everest peak in the final hour. We stand at 26,082 points, taking another step. The second one closing above 26,000 following yesterdays crushing 383point swing. Remember yesterday it crossed the milestone level, jumped up when the bell opened and fizzled out. If it happens today, it will be only eight days since the last time we saw a thousand point gain. That makes it the shortest stretch ever between the milestones. The previous record between thousand point moves was 23 trading days. While the dow is propelled higher on stronger than expected
Worth 123 billion. Hes up 6 billion overnight. Look at apple, it posted the best quarterly profit of any company in history, it now has the largest cash pile in history. 285. 1 billion. That. 1 is a hundred million dollars. Apple is now down two bucks. How about that . Next case, 200,000 new jobs in january, i will call it solid. Listen to this, wages up nearly 3 in the last year. Thats a definite improvement. This comes after a remarkable forecast from the Federal Reserve bank in atlanta. It expects Economic Growth at annual rate of 5. 4 . Yeah. Deep breath, ashley. How about that . Politics dominated by the memo. We are waiting for it. When its released, here is what to look for. Simple question, was a document paid for by the clinton president ial campaign used as excuse to spy on the president ial campaign of donald trump, thats what its all about. That question will be answered, we think, by the end of the day, yes, it is a very big day. Varney company is about to begin. Stuart al
Text a record move in terms of the yuan. The dollar peg has been there for some time. You can see that clearly in the chart. Usingre going to start the market as a mechanism. It is going to be interesting because it will have a big affect. You mentioned the story against the dollar with the euro, with the yen. It is going to be interesting. How does the fed react to that . Reservewill become a currency. Google is front and center. Becoming a Holding Company. Only if you are a stockholder. This is still google. Also in the car area and the future of heating. You made a good point. In some ways Berkshire Hathaway is becoming google. This chinaabout story a bit more. Lets talk about what the mere the Market Reaction may be. Hong kong and find out what is going on here. Take a look at these markets. It is a significant announcement bythe chinese, downgrading the most in two decades. You will see limited moves in terms of market moving to the upside. The dollar you on, there you have it. Ch
Of this , beatingclimate 108. 3 estimates and expectations. And the estimate was for 102. Francine better than expected. If my calculations are right and they may be wrong part of the survey was done in the first couple days. The for the market rout bef ore the market rout. Expecting to be lower than estimates because of the china factor. But confidence at 108. 3. Manus chinese shares have plunged again. Routteepest fourday since 1996. The markets europe, have rebounded. We have more on that with Caroline Hyde in a moment. We also have richard frost. He is in hong kong. What is behind todays rout . Richard yeah, hi. Fairly astonishing day giving the heaven losses the heavy losses we had. Decline. What appears to have happen is after the government expended so much energy and funds to shore up the market following the rout last month, they seem to have disappeared. Heavyat weve seen is losses with some of the largest companies, including petro china, chinas largest company, which has lo