We are on radio and television ,fx tuesday and were looking at markets. Teachers are 25 and or substantially lower than 24 hours ago, dow futures 160 in the vix was in 18 level. Away from the markets, foreignexchange is a litmus paper for the system this morning. Lisa the dollar is front and center and has been but giving but getting back a little bit of it. When we talk about dysfunction in washington, d. C. Is the dollar. The currency of the nation, are we at a breaking point . Tom its a theme we will go through today and lisa has an edge on what im doing. Each pair and the triangulation of foreignexchange speaks to what we see in the bond market. We will do it in the data check today. Lisa you buried the lead. We had an argument about much gloom as warranted, something that always happens in this time of year. It feels different to me. I think yield space feels difference different because there is a backdrop of what it means if you have rates that can keep climbing potentially to 7
Through the holidays. New video paints terrifying picture. Heavy smoke outside the Barclay Friends Senior Living Center thursday night. Frail elderly residents trying to escape with their lives as firefighters pull up carrying one woman to safety. 133 residents did make the out along with 15 staff members. Thanks to the heroics of so many. Firefighters, police officers, staff members, citizens had minutes to get those citizens out. Many of them in wheel chairs, walkers, many of them with physical and mental issues. Reporter so many survived despite overwhelming obstacles the lazy hot firefighters helmets started to melt but four residents are still missing all in their mid 80s to early 90s including a husband and wife. Given the circumstances, experts would have expected 50 people to have perish. While a tragedy its a small miracle that we only have four people unaccounted for. Reporter meanwhile atf fire experts finally were able to get into the building today. A crane helping to clea
Pointing to a higher open following a double dose of news out of washington. The fed raising rates and upgrading the outlook for the u. S. Economy and congress reaching a major agreement on tax reform lets start with taxes tracie potts is live in washington with the details. The president says it will be a christmas gift, democrats say its a bad deal for the middle class. Five things you need to know and two things to watch about this tax plan first, what you need to know taxes would drop for the wealthiest americans to 37 . The Corporate Tax rate would drop to 21 , more than republicans wanted, but much lower than it is now at 35 some of the popular deductions would stay with limits Home Mortgage interest up to 750. State and local taxes up to 10,000 the key point here, the Affordable Care act mandate to buy Health Insurance that would go away with this plan the two things you need to watch, first, democrats are pushing to delay this vote which is already on a fast track until the 49t
A purana also ahead rebuilding iraq kuwait pledges two billion dollars to help the country recover from the devastation of war. Israeli Prime Minister Benjamin Netanyahu says nothing will come of the police recommendation that he be indicted on corruption charges. What we have seen so far is cruel and barbaric to top it off they have the gall to blame the media the United Nations steps up the pressure on myanmars government over the russian crisis. Began in south africa where police have raided the home of a prominent business family with toys to president jacob zuma and arrested one person the roads around the home of the gulf the family in johannesburg have been sealed for the area designated a crime scene where president zuma is under investigation of alleged corruption linked to the family hes accused of being influenced by the group those to make government decisions and cabinet appointments zuma and some of his family members along with the gupta is being investigated on charges
In this is al jazeera live from doha also coming up a warning from the u. N. Democratic republic of congo faces a disaster of extraordinary proportions of Ethnic Violence in the east. Survivors of the High School Shooting in florida take their demand for gun reform to the State Capitol as chunk proposes banning some modified guns. And scientists and a warning that Artificial Intelligence may not always be a smart idea. We begin in syria where the rebel held enclave of east and go to continues to come under heavy bombardment by russian and Syrian Forces more than two hundred fifty people have been killed in intense bombing since sunday its the highest death toll in the area since a chemical attack in twenty thirteen the bombing has damaged or destroyed six medical facilities has more from beirut. The targeting of civilians is a military tactic their aim is to bomb people into submission to force them to surrender more than two hundred People Killed at least sixty of them children in the