One famous wall street name. We will get the very latest from the white house. And the daytona 500 overshadowed by a final lap crash that sent ryan newman to the hospital right there. There goes his car. Also sent denny hamlin to victory lane. The man of the hour himself will join us in moments on his second straight victory in the Great American race. Incredible stuff. Less than an hour now to the closing bell, im Ashley Webster in for liz claman. Lets start the claman countdown. Ashley all right. We have this fox business alert. The jury has just returned from recess during day one of deliberations in the Harvey Weinstein case. The jury made up of seven men, five women. Weinstein is accused by two women of rape and criminal sexual acts. Weinstein also facing two aggravating counts which could keep him in prison for life and of course, we will bring you all the latest developments in this case if the jury returns a verdict. Thats going on right now. Well, as the markets search for dir
Factor, tax cuts. A deal in the senate looks very likely. Yes, there is lastminute bargaining but all 52 republican senators including john mccain voted to get on with the debate. That is a positive signal. President trump in full Campaign Mode in missouri yesterday pushing a tax deal hard. He says tax cuts pour rocket fuel on the economy. Oh, the crowd loved it. Thats our show today. 24,000 on the dow, tax cuts and a liveaction presidency. Varney company is about to begin. Senator claire mccaskall, is doing a tremendous disservice, she wants taxes to go up, shes weak on crime, shes weak on borders, shes weak on illegal immigration and shes weak on the military, other than that, i think shes doing a fantastic job. [laughter] stuart that the way you get a democrat senator to vote with you as a republican . He took you could te he took a shot right at missouri senator claire mccaskall, shes a democrat. The debate on tax bill is under way. A number of senators still have concern but surel
The deduction for state income tax, thats a very big deal, look like its gone. Deduction for property tax, probably stays. Middle america gets help and so does business and 1 does not. Apples profit after facebook, amazon and microsoft, warning, dont disappoint, investors would slam apple and maybe the rest of the market too. It was the profits, huge number, 575 billion. Thats how much the value of stocks went up in october. Wow, indeed, ashley. Thats how a rally translates into dollars and cents. And then theres the federal [laughter] stuart i knew it was coming. Federal reserve, a new chair to be announced today. We are told it would be jarome powell, thats the judge, by the way, the most powerful banker of the world. We will leave it at this, powell raises Interest Rates slowly. Got it. [laughter] stuart done. Varney company is about to begin. Because of the sanchez success. Here is a ground ball, right side could do it. The Houston Astros are world champions. Stuart there you have
While the president uses his twitter pulpit it is putting pressure on the senior statesman. The stakes are extremely high. In the debt ceiling all stuck in limbo. He campaigned heavily. Now he changes his tune. After later losing his seat and find it himself without health care plan. Why he is now saying hold off on a total repeal. To iraq. And just breaking now President Trump congratulating on it. And while the riots in the streets of hamburg distracted many from the economic and National Security discussion going on the former deputy National Security adviser has been laser focused on all of it. Is iraq really now back in control and what truly got accomplished. The markets are on their toes. Waiting for the start. An hour to the closing bell. Lets start the countdown. The breaking news that is coming out of washington dc right now we may no sooner rather than later because as we said they have Mitch Mcconnell that comes out and gavel right into the session. We are looking at the tr
Capitol hill. The white house now responding to reports that memos from former february by director james comey may contain classified information. Did comey break the law. Mainstream media slamming President Trump from letting ivanka trump sit in on a meeting. We have tom fitton, john bolton. Republican challenger to mayor bill de blasio. Nicole malliotakis. Ashley dow is down five points. It finished down five points. Shares of visa, nike, microsoft higher. Another tech Company Investment watchers closely watching heading into trading day tomorrow. Guess what, amazon. Nicole petallides on floor of the New York Stock Exchange with details. Big day for prime members, right . Thats right. What is interesting for amazon, another day another amazon headline. This one is a direct shot at best buy. In fact best buy down 6. 25 . Lost over a billion in market cap. That is because now amazon will have its own sort of geek squad, right . That is one thing that best buy had over amazon. Apple ha