Cool our road map begins with walmarts minimum wage hike. Raising starting wages to 11, handing out some onetime cash bonuses. Plus, bitcoin tumbles one of the worlds biggest cryptocurrency markets is considering a trading ban. And deltas tax boost the airline raising Earnings Guidance by 20 . First up, though, walmarts making moves in the wake of tax reform the Company Announcing it will increase its starting wage for hourly workers in the u. S. To 11 an hour beginning next month and pay a onetime cash bonus to eligible employees those with at least 20 years of service will qualify for a 1,000 bonus walmart also says it will expand maternity and paternal leave benefits not breaking down the numbers, but theres a good chance more than half of their million employees are going to benefit somehow in these bonuses this is unprecedented and i think its a lot to do with why the market keeps rallying i mean, largest private employer in the world thats doing this i mean, david, i know that yo
Good morning, Carl Quintanilla is going to join us from pyeongchang in just a minute we have a big lineup of guests this hour. All right extreme market volatility continues after the dow was down more than 1,000 points yesterday. Weve been whipping around today as well. Lets bring in blackstones adviser byron wien youve seen more correction thanksgiving i have at this point. What do you see as most akin to this period were going through right now where the market is grappling with the idea perhaps higher Interest Rates and the prospect of inflation . Well, i think that that was tr triggered a week ago when the employment report came out and average Hourly Earnings jumped from 2. 5 year over year to 2. 9 and that inflates the bear, it triggered the market decline look, weve been waiting for a 10 correction for over a year now. And now were having it. Its really not a surprise the market went through all last year with a 5 correction. And now we have a 10 correction and maybe its not ove
Mcconnell died about whether there would be a vote to revive the export import bank. Via chrysler slapped with a 105 million fine by federal regulators. The national Highway Traffic Safety Administration said automakers had to complete 23 safety recalls covering more than 11 million vehicles. The wall street journal said u. S. Energy companies are planning more layoffs and asset sales to do with the sudden drop in crude oil prices. Write down the price of crude oil under 50 a barrel. The lowest its been in for months. Former Boston Red Sox Pedro Martinez among four highprofile inductions into the Baseball Hall of fame over the weekend. Joined Randy Johnson and houston second baseman craig riccio and the class of 2015. Breaking news. Overnight the massive selloff took the chinese stock market. Reporter rachel ruble is in beijing with the latest details on that. The shanghai composite today following a. 5 for its largest single day drop since 2007 and the second largest single day drop s
The state of the news coming to you live from berlin u. S. President donald trump throws a wrench into the iran nuclear deal. Based on the factual record i have put flow i am announcing today that we cannot and will not make this certification. Will not it was part of a new strategy for confronting tehran trump also announced sanctions against the countrys powerful revolutionary guard and he called on allies to help and curb our wrongs Ballistic Missile program to bring you a reaction from washington and from brussels also coming up Emergency Services are struggling to contain the wildfires leaving a trail of destruction across Northern California thirty one people have now been killed his entire neighborhoods were juiced to ash. Plus and all the hand is back to guide byron munich in the bundesliga pikas is out to prove his team can get back on track. And sarah harmon welcome to the show its good to have you with us u. S. President ill drop a sound out a confrontational no wrong strate
Now the lowest since november. Our road map begins with the atand the gop on the verge the president and the gop on the verge of a much needed win. Plus apple making the 1 billion bet on manufacturing, launching a new fund to invest in u. S. Jobs. We elle a well tell you what tim cook told jim. Its a big morning on the hill as the house is slated to vote on the Health Reform bill. It would give the president the biggest legislative victory to date. Some gop congressmen have shifted from no to yes after an amendment was added to help cover preexisting conditions. Theyre calling it the upton amendment, jim. The question is, whats the future for the bill, if it does pass the house and the senate and if that happens, does the reflation trade is the path cleared once again . I think it is. I think this would be rather remarkable if they get it through. Just to get it to the senate so they can Start Talking about economics. Because yesterday, the fed issued a statement that was incredibly ha